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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 5</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2509 up 0.0130</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.60 3/4 DEC18 HI 3.91 1/2</u></div>
<div><u> LOW 3.57 1/4 LOW 3.88 1/2</u></div>
<div><u> CLOSE3.58 3/4 Down 2 3/4 CLOSE 3.89 1/2 Down 3</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 4.14 162.89 0.60 4.50 176.96</u></div>
<div><u>CK High 0.60 4.19 164.85 0.65 4.55 178.93</u></div>
<div><u>CK Avg 0.59 -0.25 4.18 164.53 0.61 -0.29 4.50 177.29</u></div>
<div><u>Essex Cty 0.60 4.19 164.85 0.65 4.55 178.93</u></div>
<div><u>Mdsx Low 0.55 4.14 162.89 0.60 4.50 176.96</u></div>
<div><u>Mdsx High 0.60 4.19 164.85 0.60 4.50 176.96</u></div>
<div><u>Mdsx Avg 0.58 -0.26 4.16 163.87 0.60 -0.29 4.50 176.96</u></div>
<div><u>Hensall 0.63 4.21 165.84 0.60 4.50 176.96</u></div>
<div><u>Bruce 0.60 4.19 164.85 0.55 4.45 174.99</u></div>
<div><u>Putnam 0.60 4.19 164.85 0.60 4.50 176.96</u></div>
<div><u>Burford 0.60 4.19 164.85 0.60 4.50 176.96</u></div>
<div><u>Port Perry 0.60 4.19 164.85 0.65 4.55 178.93</u></div>
<div><u>Norfolk 0.65 4.24 166.82 0.60 4.50 176.96</u></div>
<div><u>Palmerston 0.60 4.19 164.85 0.65 4.55 178.93</u></div>
<div><u>Varna 0.65 4.24 166.82 0.60 4.50 176.96</u></div>
<div><u>Trenton 0.70 4.29 168.79 0.75 4.65 182.87</u></div>
<div><u>Winchester 0.95 4.54 178.63 0.85 4.75 186.80</u></div>
<div><u>North Gower 0.90 4.49 176.67 0.82 4.72 185.62</u></div>
<div><u>Huron FOB 0.75 4.34 170.76 0.60 4.50 176.96</u></div>
<div><u>Kent FOB 0.87 4.46 175.48 0.65 4.55 178.93</u></div>
<div><u>Lamb FOB 0.80 4.39 172.73 0.65 4.55 178.93</u></div>
<div><u>Mdsx FOB 0.65N/A N/A N/A 4.24 166.82 0.60 4.50 176.96</u></div>
<div><u>FOB SW Que 1.34 4.93 193.99 0.91 4.81 189.16</u></div>
<div><u>Track 1.03 4.61 181.59N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.00 0.98 1.04 1.02 4.59 180.60 0.80 4.70 184.83</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 4.44 174.70 N/A</u></div>
<div><u>Sarn-Eth 0.95 0.95N/A N/A 4.54 178.63N/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 4.85 190.74</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 0.90 4.80 188.77</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.10 5.00 196.64</u></div>
<div><u>W O Feed 1.14 4.73 186.11</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.17 4.76 187.29</u></div>
<div><u>Toledo El. -0.04 3.55 139.76 -0.25 3.65 143.51</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.57 1/2 4.16 1/4</u></div>
<div><u>HI SD CRN 0.60 4.18 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2509 up 0.0130</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.77 1/2 NOV18 HI 9.98 1/2</u></div>
<div><u> LOW 9.69 1/2 LOW 9.91</u></div>
<div><u> CLOSE9.69 3/4 Down 9 CLOSE 9.91 1/2 Down 7 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 1.65 11.35 416.951.65 11.57 424.94</u></div>
<div><u>CK High 1.75 11.45 420.621.75 11.67 428.62</u></div>
<div><u>CK Average 1.70 -0.5911.40 418.851.70 -0.6111.62 426.78</u></div>
<div><u>Essex Cty 1.60 11.30 415.111.60 11.52 423.10</u></div>
<div><u>Mdsx Low 1.68 11.38 418.051.70 11.62 426.78</u></div>
<div><u>Mdsx High 1.70 11.40 418.791.75 11.67 428.62</u></div>
<div><u>Mdsx Average 1.69 -0.5911.39 418.421.73 -0.5911.64 427.70</u></div>
<div><u>Hensall 1.70 11.40 418.791.75 11.67 428.62</u></div>
<div><u>Bruce 1.70 11.40 418.791.75 11.67 428.62</u></div>
<div><u>Putnam 1.70 11.40 418.791.75 11.67 428.62</u></div>
<div><u>Burford 1.75 11.45 420.621.77 11.69 429.35</u></div>
<div><u>Port Perry 1.68 11.38 418.051.70 11.62 426.78</u></div>
<div><u>Norfolk 1.68 11.38 418.051.75 11.67 428.62</u></div>
<div><u>Palmerston 1.65 11.35 416.951.65 11.57 424.94</u></div>
<div><u>Varna 1.70 11.40 418.791.75 11.67 428.62</u></div>
<div><u>Trenton 1.70 11.40 418.791.75 11.67 428.62</u></div>
<div><u>Winchester 1.71 11.41 419.151.72 11.64 427.51</u></div>
<div><u>North Gower 1.57 11.27 414.011.66 11.58 425.31</u></div>
<div><u>Huron FOB 1.80 11.50 422.461.80 11.72 430.45</u></div>
<div><u>Kent FOB 1.88 11.58 425.401.70 11.62 426.78</u></div>
<div><u>Lambton FOB 1.90 11.60 426.141.80 11.72 430.45</u></div>
<div><u>Middlesex FOB1.85 1.91 1.87 1.87 11.55 424.301.81 11.73 430.82</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.15 12.07 443.31</u></div>
<div><u>Prescott 1.78 11.48 421.731.99 11.91 437.43</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.46 347.59-0.37 9.54 350.55</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2509 up 0.0130</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAR18 HI 4.45 3/4 JUL18 HI 4.73</u></div>
<div><u> LOW 4.38 3/4 LOW 4.65 1/2</u></div>
<div><u> CLOSE 4.40 1/4 Down 6 1/2 CLOSE 4.67 Down 6 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR18 HI 6.05 1/4 SEP18 HI 6.26 3/4</u></div>
<div><u> LOW 6.00 LOW 6.23 1/4</u></div>
<div><u> CLOSE 6.01 3/4 Down 2 CLOSE 6.25 1/4 Up 1/4</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 1.04 0.98 0.92 0.20</u></div>
<div><u>CAD $/bu 5.44 5.38 5.32 6.21</u></div>
<div><u>CAD $/tonne 200.06 197.76 195.46 228.33</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 0.80 N/A N/A N/A 0.70 N/A</u></div>
<div><u>London 0.90 1.21 0.84 N/A 1.02 0.77 0.71 N/A</u></div>
<div><u>Hensall 0.95 N/A 0.80 N/A 0.90 N/A 0.70 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 0.95 0.95 0.80 N/A 0.90 0.75 0.70 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 0.95 N/A 0.80 N/A 0.90 N/A 0.70 N/A</u></div>
<div><u>Port Hope N/A N/A 0.80 N/A N/A 0.70 0.70 N/A</u></div>
<div><u>Kent Bridge 0.90 N/A 0.80 N/A 0.90 N/A 0.70 N/A</u></div>
<div><u>Chatham N/A N/A 0.80 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Brigden N/A N/A 0.80 N/A N/A N/A 0.70 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 0.85 N/A 0.85 0.65 0.75 N/A</u></div>
<div><u>Mitchell 0.95 0.95 0.80 N/A 0.90 0.75 0.70 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 1.23 N/A N/A N/A 1.16 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.35US 5.44CA 4.52US 5.64CA</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 1.04 0.91 0.85 0.18</u></div>
<div><u>CAD $/bu 5.71 5.58 5.52 6.43</u></div>
<div><u>CAD $/tonne 209.64 205.05 202.76 236.36</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 454.16</u></div>
<div><u>DDG's FOB Srn & Aylm 245.00 - 255.00</u></div>
<div><u><br>
</u></div>
<p></p>
<p style="margin-top:0;margin-bottom:0"><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: 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;
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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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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