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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 15</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3084 down 0.0009</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.79 DEC17 HI 4.02 3/4</u></div>
<div><u> LOW 3.71 3/4 LOW 3.97</u></div>
<div><u> CLOSE3.78 3/4 Up 4 1/2 CLOSE 4.02 3/4 Up 3 1/4</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 4.44 174.70 0.75 4.78 188.08</u></div>
<div><u>CK High 0.70 4.49 176.67 0.80 4.83 190.05</u></div>
<div><u>CK Avg 0.67 -0.38 4.45 175.35 0.76 -0.37 4.79 188.41</u></div>
<div><u>Essex Cty 0.55 4.34 170.76 0.75 4.78 188.08</u></div>
<div><u>Mdsx Low 0.65 4.44 174.70 0.75 4.78 188.08</u></div>
<div><u>Mdsx High 0.65 4.44 174.70 0.75 4.78 188.08</u></div>
<div><u>Mdsx Avg 0.65 -0.40 4.44 174.70 0.75 -0.37 4.78 188.08</u></div>
<div><u>Hensall 0.68 4.46 175.68 0.78 4.80 189.07</u></div>
<div><u>Bruce 0.75 4.54 178.63 0.80 4.83 190.05</u></div>
<div><u>Putnam 0.65 4.44 174.70 0.75 4.78 188.08</u></div>
<div><u>Burford 0.65 4.44 174.70 0.75 4.78 188.08</u></div>
<div><u>Port Perry 1.05 4.84 190.44 0.80 4.83 190.05</u></div>
<div><u>Norfolk 0.80 4.59 180.60 0.85 4.88 192.02</u></div>
<div><u>Palmerston 0.75 4.54 178.63 0.80 4.83 190.05</u></div>
<div><u>Varna 0.70 4.49 176.67 0.80 4.83 190.05</u></div>
<div><u>Trenton 1.10 4.89 192.41 0.80 4.83 190.05</u></div>
<div><u>Winchester 1.15 4.94 194.38 1.10 5.13 201.86</u></div>
<div><u>North Gower 1.15 4.94 194.38 1.10 5.13 201.86</u></div>
<div><u>Huron FOB 1.05 4.84 190.44 0.85 4.88 192.02</u></div>
<div><u>Kent FOB 1.00 4.79 188.48 0.83 4.86 191.23</u></div>
<div><u>Lamb FOB 1.00 4.79 188.48 0.75 4.78 188.08</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.64 182.57 0.75 4.78 188.08</u></div>
<div><u>FOB SW Que 1.24 5.03 197.92N/A</u></div>
<div><u>Track 1.20 4.99 196.35N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.10 1.10 1.10 1.15 4.89 192.41 0.95 4.98 195.96</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 N/A 1.25 0.95 4.98 195.96</u></div>
<div><u>Sarn-Eth 1.15 1.15 1.15 1.20 4.94 194.38N/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 5.06 199.10</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 5.16 203.04</u></div>
<div><u>W O Feed 1.41 5.20 204.77</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.67 5.46 214.85</u></div>
<div><u>Toledo El. -0.05 3.74 147.05 -0.33 3.70 145.69</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.84 190.44 0.95 4.98196</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.46 1/4</u></div>
<div><u>HI SD CRN 0.70 4.48 3/4</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 1.3084 down 0.0009</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.61 1/2 NOV17 HI 10.34 1/2</u></div>
<div><u> LOW 10.40 1/4 LOW 10.18 1/4</u></div>
<div><u> CLOSE10.61 1/4 Up 16 1/4 CLOSE 10.34 1/4 Up 11 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 13.06 479.962.35 12.69 466.37</u></div>
<div><u>CK High 2.55 13.16 483.642.45 12.79 470.04</u></div>
<div><u>CK Average 2.52 -0.5713.14 482.662.38 -0.6112.72 467.29</u></div>
<div><u>Essex Cty 2.45 13.06 479.962.35 12.69 466.37</u></div>
<div><u>Mdsx Low 2.49 13.10 481.432.36 12.70 466.74</u></div>
<div><u>Mdsx High 2.60 13.21 485.482.40 12.74 468.21</u></div>
<div><u>Mdsx Average 2.55 -0.5513.16 483.462.38 -0.6112.72 467.47</u></div>
<div><u>Hensall 2.58 13.19 484.562.43 12.77 469.13</u></div>
<div><u>Bruce 2.60 13.21 485.482.40 12.74 468.21</u></div>
<div><u>Putnam 2.50 13.11 481.802.35 12.69 466.37</u></div>
<div><u>Burford 2.58 13.19 484.742.45 12.79 470.04</u></div>
<div><u>Port Perry 2.49 13.10 481.432.36 12.70 466.74</u></div>
<div><u>Norfolk 2.60 13.21 485.482.52 12.86 472.62</u></div>
<div><u>Palmerston 2.50 13.11 481.802.40 12.74 468.21</u></div>
<div><u>Varna 2.50 13.11 481.802.40 12.74 468.21</u></div>
<div><u>Trenton 2.50 13.11 481.802.35 12.69 466.37</u></div>
<div><u>Winchester 2.61 13.22 485.842.63 12.97 476.66</u></div>
<div><u>North Gower 2.50 13.11 481.802.53 12.87 472.98</u></div>
<div><u>Huron FOB 2.65 13.26 487.312.55 12.89 473.72</u></div>
<div><u>Kent FOB 2.65 13.26 487.312.37 12.71 467.10</u></div>
<div><u>Lambton FOB 2.70 13.31 489.152.60 12.94 475.56</u></div>
<div><u>Middlesex FOB2.66 2.73 2.68 N/A 13.27 487.682.51 12.85 472.25</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.07 3.10 3.07 N/A 13.68 502.752.90 13.24 486.58</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.66 13.27 487.682.75 13.09 481.07</u></div>
<div><u>Sarnia 2.43 13.04 479.232.68 13.02 478.49</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.54 10.08 370.24-0.51 9.83 361.29</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3084 down 0.0009</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 4.55 1/2 JUL17 HI 4.80 3/4</u></div>
<div><u> LOW 4.46 1/4 LOW 4.72</u></div>
<div><u> CLOSE 4.54 3/4 Up 5 1/4 CLOSE 4.80 Up 4 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed mixed.</u></div>
<div><u>MAR17 HI 5.70 SEP17 HI 5.77 1/2</u></div>
<div><u> LOW 5.66 1/4 LOW 5.73</u></div>
<div><u> CLOSE 5.68 Down 1/4 CLOSE 5.77 1/2 Up 3 3/4</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 0.88 0.88 0.88 0.44</u></div>
<div><u>CAD $/bu 5.43 5.43 5.43 6.12</u></div>
<div><u>CAD $/tonne 199.35 199.35 199.35 224.95</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 0.73 0.73 0.73 N/A 0.74 0.68 0.68 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 0.85 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 0.49 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 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.60 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 0.32 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 0.60</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 1.10 0.75 0.87 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 1.53N/A N/A N/A 1.47N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.45US 5.82CA 4.60US 6.01CA</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 1.08 1.08 1.08 0.73</u></div>
<div><u>CAD $/bu 5.88 5.88 5.88 6.50</u></div>
<div><u>CAD $/tonne 216.08 216.08 216.08 238.89</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 516.88</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00 - 155.00</u></div>
<div><br>
</div>
<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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none">519-674-1530</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;
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