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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 17</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3116 up 0.0058</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.73 1/4 DEC17 HI 3.98 1/2</u></div>
<div><u> LOW 3.68 LOW 3.94</u></div>
<div><u> CLOSE3.68 1/4 Down 5 1/4 CLOSE 3.94 1/4 Down 4 3/4</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 4.33 170.56 0.75 4.69 184.74</u></div>
<div><u>CK High 0.70 4.38 172.53 0.80 4.74 186.70</u></div>
<div><u>CK Avg 0.66 -0.37 4.34 170.89 0.76 -0.35 4.70 185.06</u></div>
<div><u>Essex Cty 0.55 4.23 166.63 0.75 4.69 184.74</u></div>
<div><u>Mdsx Low 0.65 4.33 170.56 0.75 4.69 184.74</u></div>
<div><u>Mdsx High 0.65 4.33 170.56 0.75 4.69 184.74</u></div>
<div><u>Mdsx Avg 0.65 -0.38 4.33 170.56 0.75 -0.36 4.69 184.74</u></div>
<div><u>Hensall 0.68 4.36 171.55 0.78 4.72 185.72</u></div>
<div><u>Bruce 0.75 4.43 174.50 0.80 4.74 186.70</u></div>
<div><u>Putnam 0.65 4.33 170.56 0.80 4.74 186.70</u></div>
<div><u>Burford 0.65 4.33 170.56 0.75 4.69 184.74</u></div>
<div><u>Port Perry 1.00 4.68 184.34 0.80 4.74 186.70</u></div>
<div><u>Norfolk 0.75 4.43 174.50 0.85 4.79 188.67</u></div>
<div><u>Palmerston 0.75 4.43 174.50 0.80 4.74 186.70</u></div>
<div><u>Varna 0.70 4.38 172.53 0.80 4.74 186.70</u></div>
<div><u>Trenton 1.05 4.73 186.31 0.80 4.74 186.70</u></div>
<div><u>Winchester 1.15 4.83 190.25 1.15 5.09 200.48</u></div>
<div><u>North Gower 1.14 4.82 189.85 1.00 4.94 194.58</u></div>
<div><u>Huron FOB 1.05 4.73 186.31 0.85 4.79 188.67</u></div>
<div><u>Kent FOB 0.95 4.63 182.37 0.75 4.69 184.74</u></div>
<div><u>Lamb FOB 1.00 4.68 184.34 0.75 4.69 184.74</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.53 178.44 0.75 4.69 184.74</u></div>
<div><u>FOB SW Que 1.24 4.92 193.79N/A</u></div>
<div><u>Track 1.20 4.88 192.22N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.10 1.10 1.10 1.15 4.78 188.28 0.95 4.89 192.61</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 4.89 192.61</u></div>
<div><u>Sarn-Eth 1.15 1.15 1.15 1.20 4.83 190.25N/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 4.97 195.76</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 5.07 199.70</u></div>
<div><u>W O Feed 1.41 5.10 200.64</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.67 5.35 210.72</u></div>
<div><u>Toledo El. -0.05 3.63 142.91 -0.33 3.62 142.33</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.73 186.31 0.95 4.89192 3/5</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.35 3/4</u></div>
<div><u>HI SD CRN 0.70 4.38 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 1.3116 up 0.0058</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.46 1/4 NOV17 HI 10.26 3/4</u></div>
<div><u> LOW 10.31 LOW 10.15 1/4</u></div>
<div><u> CLOSE10.32 1/2 Down 11 1/4 CLOSE 10.18 1/4 Down 5 3/4</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 12.78 469.402.32 12.50 459.39</u></div>
<div><u>CK High 2.55 12.88 473.082.45 12.63 464.16</u></div>
<div><u>CK Average 2.52 -0.5212.85 471.972.36 -0.6012.54 460.92</u></div>
<div><u>Essex Cty 2.45 12.78 469.402.35 12.53 460.49</u></div>
<div><u>Mdsx Low 2.52 12.85 471.972.33 12.51 459.76</u></div>
<div><u>Mdsx High 2.60 12.93 474.912.40 12.58 462.33</u></div>
<div><u>Mdsx Average 2.56 -0.4912.89 473.442.37 -0.6012.55 461.04</u></div>
<div><u>Hensall 2.58 12.90 473.992.40 12.58 462.33</u></div>
<div><u>Bruce 2.60 12.93 474.912.40 12.58 462.33</u></div>
<div><u>Putnam 2.60 12.93 474.912.40 12.58 462.33</u></div>
<div><u>Burford 2.61 12.94 475.282.42 12.60 463.06</u></div>
<div><u>Port Perry 2.52 12.85 471.972.33 12.51 459.76</u></div>
<div><u>Norfolk 2.55 12.88 473.082.47 12.65 464.90</u></div>
<div><u>Palmerston 2.50 12.83 471.242.40 12.58 462.33</u></div>
<div><u>Varna 2.55 12.88 473.082.40 12.58 462.33</u></div>
<div><u>Trenton 2.50 12.83 471.242.35 12.53 460.49</u></div>
<div><u>Winchester 2.57 12.90 473.812.60 12.78 469.68</u></div>
<div><u>North Gower 2.52 12.85 471.972.52 12.70 466.74</u></div>
<div><u>Huron FOB 2.65 12.98 476.752.50 12.68 466.00</u></div>
<div><u>Kent FOB 2.60 12.93 474.912.32 12.50 459.39</u></div>
<div><u>Lambton FOB 2.70 13.03 478.592.60 12.78 469.68</u></div>
<div><u>Middlesex FOB2.62 2.69 2.64 N/A 12.95 475.652.49 12.67 465.63</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.04 3.07 3.03 N/A 13.37 491.082.85 13.03 478.86</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.71 13.04 478.952.80 12.98 477.03</u></div>
<div><u>Sarnia 2.43 12.76 468.672.68 12.86 472.62</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.54 9.79 359.64-0.51 9.67 355.38</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3116 up 0.0058</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR17 HI 4.47 1/2 JUL17 HI 4.73 3/4</u></div>
<div><u> LOW 4.40 1/4 LOW 4.67 1/2</u></div>
<div><u> CLOSE 4.41 Down 6 3/4 CLOSE 4.68 1/2 Down 5 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 5.55 1/2 SEP17 HI 5.69 1/2</u></div>
<div><u> LOW 5.46 LOW 5.65</u></div>
<div><u> CLOSE 5.46 1/4 Down 4 CLOSE 5.65 1/2 Down 1/2</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 0.84 0.84 0.84 0.38</u></div>
<div><u>CAD $/bu 5.25 5.25 5.25 5.85</u></div>
<div><u>CAD $/tonne 193.06 193.06 193.06 214.84</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 0.71 0.71 0.71 N/A 0.73 0.67 0.67 N/A</u></div>
<div><u>Hensall 0.75 N/A 0.70 N/A 0.80 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 0.75 0.70 0.70 0.40 0.80 0.65 0.60 0.60</u></div>
<div><u>Essex N/A N/A 0.51 N/A N/A N/A 0.51 N/A</u></div>
<div><u>Norwich 0.75 N/A 0.70 N/A 0.80 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 0.75 N/A 0.70 N/A 0.80 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A 0.65 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 0.75 0.70 0.70 N/A 0.95 0.65 0.65 N/A</u></div>
<div><u>Mitchell 0.75 0.70 0.70 N/A 0.80 0.60 0.60 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.38 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.75 0.75 0.18 N/A 1.12 1.12 0.58</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 1.12 0.77 0.89 N/A</u></div>
<div><u>Prescott N/A N/A 0.80 N/A N/A N/A 1.00 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.50N/A N/A N/A 1.45N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.31US 5.65CA 4.49US 5.87CA</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 1.05 1.05 1.05 0.70</u></div>
<div><u>CAD $/bu 5.74 5.74 5.74 6.36</u></div>
<div><u>CAD $/tonne 210.91 210.91 210.91 233.51</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 504.43</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00 - 155.00</u></div>
<div><br>
</div>
<br>
<p></p>
<p><span id="ms-rterangepaste-start"></span></p>
<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>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
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;
line-height:115%;font-family:"Courier New";color:#333333"><br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
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