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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 12</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2603 up 0.0002</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.67 DEC18 HI 3.97</u></div>
<div><u> LOW 3.64 1/4 LOW 3.94 1/2</u></div>
<div><u> CLOSE3.67 Up 5 CLOSE 3.97 Up 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 +MAY18+MAY18+JUL18</u></div>
<div><u>CK Low 0.60 4.27 168.10 0.65 4.62 181.88</u></div>
<div><u>CK High 0.65 4.32 170.07 0.70 4.67 183.85</u></div>
<div><u>CK Avg 0.64 -0.25 4.31 169.74 0.66 -0.29 4.63 182.21</u></div>
<div><u>Essex Cty 0.60 4.27 168.10 0.65 4.62 181.88</u></div>
<div><u>Mdsx Low 0.65 4.32 170.07 0.65 4.62 181.88</u></div>
<div><u>Mdsx High 0.65 4.32 170.07 0.65 4.62 181.88</u></div>
<div><u>Mdsx Avg 0.65 -0.24 4.32 170.07 0.65 -0.30 4.62 181.88</u></div>
<div><u>Hensall 0.65 4.32 170.07 0.65 4.62 181.88</u></div>
<div><u>Bruce 0.65 4.32 170.07 0.65 4.62 181.88</u></div>
<div><u>Putnam 0.65 4.32 170.07 0.65 4.62 181.88</u></div>
<div><u>Burford 0.70 4.37 172.04 0.65 4.62 181.88</u></div>
<div><u>Port Perry 0.65 4.32 170.07 0.65 4.62 181.88</u></div>
<div><u>Norfolk 0.70 4.37 172.04 0.65 4.62 181.88</u></div>
<div><u>Palmerston 0.60 4.27 168.10 0.65 4.62 181.88</u></div>
<div><u>Varna 0.65 4.32 170.07 0.65 4.62 181.88</u></div>
<div><u>Trenton 0.70 4.37 172.04 0.75 4.72 185.82</u></div>
<div><u>Winchester 0.95 4.62 181.88 0.95 4.92 193.69</u></div>
<div><u>North Gower 0.92 4.59 180.70 0.92 4.89 192.51</u></div>
<div><u>Huron FOB 0.88 4.55 179.13 0.68 4.65 183.06</u></div>
<div><u>Kent FOB 0.92 4.59 180.70 0.70 4.67 183.85</u></div>
<div><u>Lamb FOB 0.85 4.52 177.94 0.65 4.62 181.88</u></div>
<div><u>Mdsx FOB 0.70N/A N/A N/A 4.37 172.04 0.65 4.62 181.88</u></div>
<div><u>FOB SW Que 1.31 4.98 196.05 1.00 4.97 195.66</u></div>
<div><u>Track 1.08 4.75 186.80N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.04 1.03 1.09 1.07 4.71 185.42 0.85 4.82 189.76</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 0.95 0.95 0.85 1.00 4.62 181.88 N/A</u></div>
<div><u>Sarn-Eth 0.95 0.95N/A N/A 4.62 181.88N/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 4.92 193.69</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.00 4.97 195.66</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.10 5.07 199.60</u></div>
<div><u>W O Feed 1.20 4.87 191.72</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.30 4.97 195.66</u></div>
<div><u>Toledo El. -0.04 3.63 142.99 -0.25 3.72 146.38</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.29 1/2</u></div>
<div><u>HI SD CRN 0.65 4.32</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2603 up 0.0002</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 10.04 1/4 NOV18 HI 10.15 3/4</u></div>
<div><u> LOW 9.89 LOW 10.04 1/4</u></div>
<div><u> CLOSE10.01 3/4 Up 18 3/4 CLOSE 10.14 1/4 Up 14 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+MAY18</u></div>
<div><u>CK Low 1.80 11.82 434.221.85 11.99 440.65</u></div>
<div><u>CK High 1.95 11.97 439.732.00 12.14 446.16</u></div>
<div><u>CK Average 1.89 -0.5711.90 437.401.89 -0.5812.03 442.06</u></div>
<div><u>Essex Cty 1.80 11.82 434.221.85 11.99 440.65</u></div>
<div><u>Mdsx Low 1.85 11.87 436.061.88 12.02 441.75</u></div>
<div><u>Mdsx High 1.87 11.89 436.791.90 12.04 442.49</u></div>
<div><u>Mdsx Average 1.86 -0.5911.88 436.421.89 -0.5812.03 442.12</u></div>
<div><u>Hensall 1.85 11.87 436.061.90 12.04 442.49</u></div>
<div><u>Bruce 1.85 11.87 436.061.90 12.04 442.49</u></div>
<div><u>Putnam 1.85 11.87 436.061.90 12.04 442.49</u></div>
<div><u>Burford 1.94 11.96 439.361.95 12.09 444.32</u></div>
<div><u>Port Perry 1.87 11.89 436.791.88 12.02 441.75</u></div>
<div><u>Norfolk 1.90 11.92 437.891.95 12.09 444.32</u></div>
<div><u>Palmerston 1.80 11.82 434.221.85 11.99 440.65</u></div>
<div><u>Varna 1.85 11.87 436.061.90 12.04 442.49</u></div>
<div><u>Trenton 1.85 11.87 436.061.90 12.04 442.49</u></div>
<div><u>Winchester 1.88 11.90 437.161.90 12.04 442.49</u></div>
<div><u>North Gower 1.78 11.80 433.481.78 11.92 438.08</u></div>
<div><u>Huron FOB 1.95 11.97 439.732.00 12.14 446.16</u></div>
<div><u>Kent FOB 2.10 12.12 445.241.90 12.04 442.49</u></div>
<div><u>Lambton FOB 2.05 12.07 443.401.95 12.09 444.32</u></div>
<div><u>Middlesex FOB2.02 2.08 2.09 2.09 12.04 442.301.96 12.10 444.69</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.32 12.46 457.92</u></div>
<div><u>Prescott 1.96 11.98 440.102.17 12.31 452.41</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.78 359.28-0.38 9.76 358.80</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2603 up 0.0002</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>MAR18 HI 4.65 JUL18 HI 4.90 1/4</u></div>
<div><u> LOW 4.51 1/2 LOW 4.76 1/2</u></div>
<div><u> CLOSE 4.64 Up 15 CLOSE 4.89 1/2 Up 14 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR18 HI 6.11 1/4 SEP18 HI 6.39</u></div>
<div><u> LOW 6.06 1/4 LOW 6.32 3/4</u></div>
<div><u> CLOSE 6.10 Up 6 1/2 CLOSE 6.36 3/4 Up 7 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 1.14 1.08 1.02 0.26</u></div>
<div><u>CAD $/bu 5.78 5.72 5.66 6.36</u></div>
<div><u>CAD $/tonne 212.56 210.24 207.93 233.86</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 0.90 N/A N/A N/A 0.80 N/A</u></div>
<div><u>London 0.99 1.30 0.93 N/A 1.11 0.86 0.79 N/A</u></div>
<div><u>Hensall 1.05 N/A 0.90 N/A 1.00 N/A 0.80 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 1.05 1.05 0.90 0.25 1.00 0.85 0.80 0.35</u></div>
<div><u>Essex N/A N/A 0.70 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Norwich 1.05 N/A 0.90 N/A 1.00 N/A 0.80 N/A</u></div>
<div><u>Port Hope N/A N/A 0.85 N/A N/A 0.85 0.80 N/A</u></div>
<div><u>Kent Bridge 1.00 N/A 0.90 N/A 1.00 N/A 0.80 N/A</u></div>
<div><u>Chatham N/A N/A 0.90 N/A N/A N/A 0.80 N/A</u></div>
<div><u>Brigden N/A N/A 0.90 N/A N/A N/A 0.80 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 1.20 0.95 0.90 N/A 1.00 0.80 0.80 N/A</u></div>
<div><u>Mitchell 1.05 1.05 0.90 N/A 1.00 0.85 0.80 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.79 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.04 0.98 0.25 N/A 1.13 1.06 0.24</u></div>
<div><u>W O Feed 1.40</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 1.33 N/A N/A N/A 1.27 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.59US 5.78CA 4.75US 5.97CA</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 1.14 1.01 0.95 0.26</u></div>
<div><u>CAD $/bu 6.03 5.91 5.85 6.63</u></div>
<div><u>CAD $/tonne 221.73 217.11 214.79 243.58</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 488.11</u></div>
<div><u>DDG's FOB Srn & Aylm 245.00 - 255.00</u></div>
<div><u><br>
</u></div>
<u></u>
<p class="MsoNormal" style=""><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">Blair Andrews</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><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" style=""><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1500</span></a><span class="apple-converted-space" style=""><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">x
63577<span class="apple-converted-space"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530" style=""><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1530</span></a><span class="apple-converted-space" style=""><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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