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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 14</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3093 up 0.0022</u></div>
<div><u>Chicago corn closed slightly lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.75 1/4 DEC17 HI 4.00</u></div>
<div><u> LOW 3.73 LOW 3.97</u></div>
<div><u> CLOSE3.74 1/4 Down 1 1/4 CLOSE 3.99 1/2 Unchanged</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAY17+MAY17+JUL17</u></div>
<div><u>CK Low 0.65 4.39 172.93 0.75 4.75 186.80</u></div>
<div><u>CK High 0.70 4.44 174.89 0.80 4.80 188.77</u></div>
<div><u>CK Avg 0.67 -0.37 4.41 173.58 0.76 -0.35 4.75 187.13</u></div>
<div><u>Essex Cty 0.55 4.29 168.99 0.75 4.75 186.80</u></div>
<div><u>Mdsx Low 0.65 4.39 172.93 0.75 4.75 186.80</u></div>
<div><u>Mdsx High 0.65 4.39 172.93 0.75 4.75 186.80</u></div>
<div><u>Mdsx Avg 0.65 -0.38 4.39 172.93 0.75 -0.36 4.75 186.80</u></div>
<div><u>Hensall 0.68 4.42 173.91 0.78 4.77 187.79</u></div>
<div><u>Bruce 0.75 4.49 176.86 0.80 4.80 188.77</u></div>
<div><u>Putnam 0.65 4.39 172.93 0.75 4.75 186.80</u></div>
<div><u>Burford 0.65 4.39 172.93 0.75 4.75 186.80</u></div>
<div><u>Port Perry 1.05 4.79 188.67 0.80 4.80 188.77</u></div>
<div><u>Norfolk 0.80 4.54 178.83 0.85 4.85 190.74</u></div>
<div><u>Palmerston 0.75 4.49 176.86 0.80 4.80 188.77</u></div>
<div><u>Varna 0.70 4.44 174.89 0.80 4.80 188.77</u></div>
<div><u>Trenton 1.10 4.84 190.64 0.80 4.80 188.77</u></div>
<div><u>Winchester 1.15 4.89 192.61 1.10 5.10 200.58</u></div>
<div><u>North Gower 1.14 4.88 192.22 1.10 5.10 200.58</u></div>
<div><u>Huron FOB 1.05 4.79 188.67 0.85 4.85 190.74</u></div>
<div><u>Kent FOB 1.00 4.74 186.70 0.75 4.75 186.80</u></div>
<div><u>Lamb FOB 1.00 4.74 186.70 0.75 4.75 186.80</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.59 180.80 0.75 4.75 186.80</u></div>
<div><u>FOB SW Que 1.24 4.98 196.15N/A</u></div>
<div><u>Track 1.23 4.97 195.56N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.15 1.15 1.20 4.89 192.61 1.00 5.00 196.64</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A 1.15 1.25 0.95 4.95 194.68</u></div>
<div><u>Sarn-Eth 1.15 1.15 1.15 1.20 4.89 192.61N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.03 5.03 197.83</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.45 1.13 5.13 201.76</u></div>
<div><u>W O Feed 1.41 5.16 203.00</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.67 5.41 213.08</u></div>
<div><u>Toledo El. -0.05 3.69 145.28 -0.33 3.67 144.44</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.79 188.67 0.95 4.95194 2/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.41 3/4</u></div>
<div><u>HI SD CRN 0.70 4.44 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3093 up 0.0022</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.56 NOV17 HI 10.28</u></div>
<div><u> LOW 10.42 1/2 LOW 10.18</u></div>
<div><u> CLOSE10.45 Down 9 1/4 CLOSE 10.23 Down 4 1/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAR1+MAY1+MAY17</u></div>
<div><u>CK Low 2.45 12.90 473.992.30 12.53 460.40</u></div>
<div><u>CK High 2.55 13.00 477.672.45 12.68 465.91</u></div>
<div><u>CK Average 2.47 -0.5712.92 474.732.34 -0.6012.57 461.68</u></div>
<div><u>Essex Cty 2.45 12.90 473.992.35 12.58 462.24</u></div>
<div><u>Mdsx Low 2.46 12.91 474.362.28 12.51 459.66</u></div>
<div><u>Mdsx High 2.50 12.95 475.832.35 12.58 462.24</u></div>
<div><u>Mdsx Average 2.48 -0.5612.93 475.102.32 -0.6112.55 460.95</u></div>
<div><u>Hensall 2.50 12.95 475.832.38 12.61 463.15</u></div>
<div><u>Bruce 2.60 13.05 479.512.45 12.68 465.91</u></div>
<div><u>Putnam 2.60 13.05 479.512.45 12.68 465.91</u></div>
<div><u>Burford 2.55 13.00 477.672.37 12.60 462.97</u></div>
<div><u>Port Perry 2.46 12.91 474.362.28 12.51 459.66</u></div>
<div><u>Norfolk 2.51 12.96 476.202.46 12.69 466.28</u></div>
<div><u>Palmerston 2.50 12.95 475.832.40 12.63 464.07</u></div>
<div><u>Varna 2.55 13.00 477.672.50 12.73 467.75</u></div>
<div><u>Trenton 2.50 12.95 475.832.35 12.58 462.24</u></div>
<div><u>Winchester 2.62 13.07 480.242.62 12.85 472.16</u></div>
<div><u>North Gower 2.48 12.93 475.102.49 12.72 467.38</u></div>
<div><u>Huron FOB 2.60 13.05 479.512.50 12.73 467.75</u></div>
<div><u>Kent FOB 2.56 13.01 478.042.31 12.54 460.77</u></div>
<div><u>Lambton FOB 2.55 13.00 477.672.50 12.73 467.75</u></div>
<div><u>Middlesex FOB2.56 2.62 2.57 N/A 13.01 478.042.47 12.70 466.65</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.00 3.05 3.00 N/A 13.45 494.202.80 13.03 478.77</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.66 13.11 481.712.75 12.98 476.93</u></div>
<div><u>Sarnia 2.46 12.91 474.362.70 12.93 475.10</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.54 9.91 364.28-0.51 9.72 357.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3093 up 0.0022</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 4.52 JUL17 HI 4.78</u></div>
<div><u> LOW 4.46 1/4 LOW 4.72 1/2</u></div>
<div><u> CLOSE 4.49 1/2 Down 2 3/4 CLOSE 4.75 1/2 Down 3 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 5.70 1/4 SEP17 HI 5.74 3/4</u></div>
<div><u> LOW 5.65 3/4 LOW 5.69 1/4</u></div>
<div><u> CLOSE 5.68 1/4 Down 2 1/2 CLOSE 5.73 3/4 Down 1/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.86 0.86 0.86 0.44</u></div>
<div><u>CAD $/bu 5.35 5.35 5.35 6.12</u></div>
<div><u>CAD $/tonne 196.69 196.69 196.69 224.91</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2016 Harvest 2017</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 0.70 N/A N/A N/A 0.60 N/A</u></div>
<div><u>London 0.70 0.70 0.70 N/A 0.71 0.65 0.65 N/A</u></div>
<div><u>Hensall 0.70 N/A 0.70 N/A 0.65 N/A 0.60 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.80 N/A</u></div>
<div><u>Bruce 0.70 0.70 0.70 0.40 0.65 0.65 0.60 0.60</u></div>
<div><u>Essex N/A N/A 0.51 N/A N/A N/A 0.48 N/A</u></div>
<div><u>Norwich 0.70 N/A 0.70 N/A 0.65 N/A 0.60 N/A</u></div>
<div><u>Port Hope N/A N/A 0.70 N/A N/A 0.60 0.60 N/A</u></div>
<div><u>Kent Bridge 0.70 N/A 0.70 N/A 0.65 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A N/A 0.70 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Palmerston N/A 0.70 0.70 0.40 N/A 0.65 0.60 0.60</u></div>
<div><u>Varna 0.70 0.70 0.70 N/A 0.95 0.65 0.65 N/A</u></div>
<div><u>Mitchell 0.70 0.70 0.70 N/A 0.65 0.60 0.60 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.23 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.76 0.76 0.24 N/A 1.10 1.10 0.61</u></div>
<div><u>W O Feed 1.45</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.14 0.79 0.94 N/A 1.09 0.74 0.86 N/A</u></div>
<div><u>Prescott N/A N/A 0.77 N/A N/A N/A 0.98 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.51N/A N/A N/A 1.45N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.40US 5.75CA 4.56US 5.94CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.06 1.06 1.06 0.70</u></div>
<div><u>CAD $/bu 5.81 5.81 5.81 6.44</u></div>
<div><u>CAD $/tonne 213.56 213.56 213.56 236.69</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 508.73</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00 - 150.00</u></div>
<div><br>
</div>
<div><br>
</div>
<span id="ms-rterangepaste-start"></span>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1500</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
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