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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 2</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2379 up 0.0114</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.62 1/2 DEC18 HI 3.93 3/4</u></div>
<div><u> LOW 3.59 1/2 LOW 3.91 1/4</u></div>
<div><u> CLOSE3.61 1/2 Down 1/4 CLOSE 3.92 1/2 Down 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 +MAY18+MAY18+JUL18</u></div>
<div><u>CK Low 0.55 4.17 163.97 0.55 4.48 176.17</u></div>
<div><u>CK High 0.60 4.22 165.94 0.65 4.58 180.11</u></div>
<div><u>CK Avg 0.57 -0.24 4.18 164.62 0.59 -0.27 4.52 177.81</u></div>
<div><u>Essex Cty 0.60 4.22 165.94 0.65 4.58 180.11</u></div>
<div><u>Mdsx Low 0.55 4.17 163.97 0.55 4.48 176.17</u></div>
<div><u>Mdsx High 0.60 4.22 165.94 0.60 4.53 178.14</u></div>
<div><u>Mdsx Avg 0.58 -0.23 4.19 164.95 0.58 -0.29 4.50 177.16</u></div>
<div><u>Hensall 0.60 4.22 165.94 0.58 4.50 177.16</u></div>
<div><u>Bruce 0.60 4.22 165.94 0.55 4.48 176.17</u></div>
<div><u>Putnam 0.60 4.22 165.94 0.60 4.53 178.14</u></div>
<div><u>Burford 0.60 4.22 165.94 0.55 4.48 176.17</u></div>
<div><u>Port Perry 0.60 4.22 165.94 0.60 4.53 178.14</u></div>
<div><u>Norfolk 0.60 4.22 165.94 0.60 4.53 178.14</u></div>
<div><u>Palmerston 0.60 4.22 165.94 0.65 4.58 180.11</u></div>
<div><u>Varna 0.60 4.22 165.94 0.55 4.48 176.17</u></div>
<div><u>Trenton 0.70 4.32 169.87 0.75 4.68 184.05</u></div>
<div><u>Winchester 0.95 4.57 179.72 0.85 4.78 187.98</u></div>
<div><u>North Gower 0.90 4.52 177.75 0.82 4.75 186.80</u></div>
<div><u>Huron FOB 0.75 4.37 171.84 0.60 4.53 178.14</u></div>
<div><u>Kent FOB 0.82 4.44 174.60 0.65 4.58 180.11</u></div>
<div><u>Lamb FOB 0.80 4.42 173.81 0.65 4.58 180.11</u></div>
<div><u>Mdsx FOB 0.65N/A N/A N/A 4.27 167.91 0.60 4.53 178.14</u></div>
<div><u>FOB SW Que 1.34 4.96 195.07 0.91 4.84 190.35</u></div>
<div><u>Track 1.03 4.64 182.67N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.95 0.93 0.99 0.97 4.57 179.72 0.80 4.73 186.02</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 0.85 0.85 0.80 0.95 4.47 175.78 N/A</u></div>
<div><u>Sarn-Eth 0.95 0.95N/A N/A 4.57 179.72N/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 1.10 0.95 4.88 191.92</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 0.90 4.83 189.95</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.10 5.03 197.83</u></div>
<div><u>W O Feed 1.11 4.73 186.17</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.14 4.76 187.20</u></div>
<div><u>Toledo El. -0.04 3.58 140.85 -0.25 3.68 144.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.57 1/2 4.19</u></div>
<div><u>HI SD CRN 0.60 4.21 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2379 up 0.0114</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.86 1/4 NOV18 HI 10.05</u></div>
<div><u> LOW 9.77 LOW 9.97 1/4</u></div>
<div><u> CLOSE9.78 3/4 Down 6 1/4 CLOSE 9.99 Down 5 1/2</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+MAY18</u></div>
<div><u>CK Low 1.60 11.39 418.421.65 11.64 427.70</u></div>
<div><u>CK High 1.70 11.49 422.091.67 11.66 428.43</u></div>
<div><u>CK Average 1.66 -0.5411.45 420.561.65 -0.5711.64 427.82</u></div>
<div><u>Essex Cty 1.60 11.39 418.421.60 11.59 425.86</u></div>
<div><u>Mdsx Low 1.65 11.44 420.261.67 11.66 428.43</u></div>
<div><u>Mdsx High 1.67 11.46 420.991.70 11.69 429.53</u></div>
<div><u>Mdsx Average 1.66 -0.5411.45 420.621.69 -0.5511.68 428.98</u></div>
<div><u>Hensall 1.63 11.41 419.341.68 11.67 428.62</u></div>
<div><u>Bruce 1.65 11.44 420.261.70 11.69 429.53</u></div>
<div><u>Putnam 1.65 11.44 420.261.70 11.69 429.53</u></div>
<div><u>Burford 1.74 11.53 423.561.74 11.73 431.00</u></div>
<div><u>Port Perry 1.67 11.46 420.991.67 11.66 428.43</u></div>
<div><u>Norfolk 1.63 11.42 419.521.70 11.69 429.53</u></div>
<div><u>Palmerston 1.65 11.44 420.261.65 11.64 427.70</u></div>
<div><u>Varna 1.60 11.39 418.421.65 11.64 427.70</u></div>
<div><u>Trenton 1.60 11.39 418.421.65 11.64 427.70</u></div>
<div><u>Winchester 1.58 11.37 417.681.63 11.62 426.96</u></div>
<div><u>North Gower 1.57 11.36 417.321.66 11.65 428.06</u></div>
<div><u>Huron FOB 1.70 11.49 422.091.70 11.69 429.53</u></div>
<div><u>Kent FOB 1.83 11.62 426.871.65 11.64 427.70</u></div>
<div><u>Lambton FOB 1.90 11.69 429.441.75 11.74 431.37</u></div>
<div><u>Middlesex FOB1.78 1.84 1.79 1.79 11.57 425.031.75 11.74 431.37</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.00 11.99 440.56</u></div>
<div><u>Prescott 1.78 11.57 425.031.99 11.98 440.19</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.55 350.99-0.37 9.62 353.44</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2379 up 0.0114</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.51 JUL18 HI 4.77 1/2</u></div>
<div><u> LOW 4.45 LOW 4.71 1/2</u></div>
<div><u> CLOSE 4.46 3/4 Down 4 1/4 CLOSE 4.73 1/2 Down 4 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>MAR18 HI 6.12 SEP18 HI 6.29</u></div>
<div><u> LOW 6.02 1/2 LOW 6.24</u></div>
<div><u> CLOSE 6.03 3/4 Down 8 CLOSE 6.25 Down 3 1/2</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.00 0.94 0.88 0.14</u></div>
<div><u>CAD $/bu 5.47 5.41 5.34 6.17</u></div>
<div><u>CAD $/tonne 200.94 198.66 196.39 226.86</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2017 Harvest 2018</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 0.75 N/A N/A N/A 0.65 N/A</u></div>
<div><u>London 0.87 1.18 0.80 N/A 0.98 0.74 0.67 N/A</u></div>
<div><u>Hensall 0.90 N/A 0.75 N/A 0.90 N/A 0.65 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 0.90 0.95 0.75 N/A 0.90 0.75 0.65 0.25</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.54 N/A</u></div>
<div><u>Norwich 0.90 N/A 0.75 N/A 0.90 N/A 0.65 N/A</u></div>
<div><u>Port Hope N/A N/A 0.75 N/A N/A 0.70 0.70 N/A</u></div>
<div><u>Kent Bridge 0.85 N/A 0.75 N/A 0.90 N/A 0.65 N/A</u></div>
<div><u>Chatham N/A N/A 0.75 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Brigden N/A N/A 0.75 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Palmerston N/A 0.80 0.80 0.25 N/A 0.75 0.80 0.35</u></div>
<div><u>Varna 1.05 0.80 0.75 N/A 0.85 0.65 0.65 N/A</u></div>
<div><u>Mitchell 0.90 0.95 0.75 N/A 0.90 0.75 0.65 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.54 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.88 0.80 0.11 N/A 0.90 0.83 0.08</u></div>
<div><u>W O Feed 1.38</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.19 N/A N/A N/A 1.12 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.42US 5.47CA 4.59US 5.67CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.00 0.87 0.81 0.12</u></div>
<div><u>CAD $/bu 5.73 5.61 5.55 6.37</u></div>
<div><u>CAD $/tonne 210.57 206.02 203.75 233.96</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 460.11</u></div>
<div><u>DDG's FOB Srn & Aylm 245.00 - 255.00</u></div>
<div>---</div>
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<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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153); text-decoration-line: 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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153); text-decoration-line: 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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<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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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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