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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 14</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.252 down 0.0075</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.68 1/2 DEC18 HI 3.97 1/2</u></div>
<div><u> LOW 3.64 3/4 LOW 3.94 1/2</u></div>
<div><u> CLOSE3.67 1/4 Up 1/2 CLOSE 3.96 1/2 Up 1/2</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 4.27 168.20 0.65 4.62 181.68</u></div>
<div><u>CK High 0.65 4.32 170.17 0.70 4.67 183.65</u></div>
<div><u>CK Avg 0.64 -0.23 4.31 169.84 0.66 -0.27 4.62 182.01</u></div>
<div><u>Essex Cty 0.60 4.27 168.20 0.65 4.62 181.68</u></div>
<div><u>Mdsx Low 0.65 4.32 170.17 0.65 4.62 181.68</u></div>
<div><u>Mdsx High 0.65 4.32 170.17 0.65 4.62 181.68</u></div>
<div><u>Mdsx Avg 0.65 -0.22 4.32 170.17 0.65 -0.27 4.62 181.68</u></div>
<div><u>Hensall 0.68 4.35 171.15 0.65 4.62 181.68</u></div>
<div><u>Bruce 0.65 4.32 170.17 0.65 4.62 181.68</u></div>
<div><u>Putnam 0.65 4.32 170.17 0.65 4.62 181.68</u></div>
<div><u>Burford 0.70 4.37 172.14 0.65 4.62 181.68</u></div>
<div><u>Port Perry 0.65 4.32 170.17 0.65 4.62 181.68</u></div>
<div><u>Norfolk 0.70 4.37 172.14 0.65 4.62 181.68</u></div>
<div><u>Palmerston 0.60 4.27 168.20 0.65 4.62 181.68</u></div>
<div><u>Varna 0.70 4.37 172.14 0.65 4.62 181.68</u></div>
<div><u>Trenton 0.70 4.37 172.14 0.75 4.72 185.62</u></div>
<div><u>Winchester 0.95 4.62 181.98 0.95 4.92 193.49</u></div>
<div><u>North Gower 0.92 4.59 180.80 0.92 4.89 192.31</u></div>
<div><u>Huron FOB 0.90 4.57 180.01 0.68 4.65 182.87</u></div>
<div><u>Kent FOB 0.92 4.59 180.80 0.70 4.67 183.65</u></div>
<div><u>Lamb FOB 0.85 4.52 178.04 0.65 4.62 181.68</u></div>
<div><u>Mdsx FOB 0.70N/A N/A N/A 4.37 172.14 0.65 4.62 181.68</u></div>
<div><u>FOB SW Que 1.37 5.04 198.51 0.94 4.91 193.10</u></div>
<div><u>Track 1.10 4.77 187.89N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.95 0.98 0.96 0.85 4.82 189.56</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 0.95N/A 1.00 N/A</u></div>
<div><u>Sarn-Eth 1.00 1.00N/A N/A 4.67 183.95N/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 4.92 193.49</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 N/A 1.10 5.07 199.40</u></div>
<div><u>W O Feed 1.21 4.88 192.06</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.30 4.97 195.76</u></div>
<div><u>Toledo El. -0.04 3.63 143.10 -0.25 3.72 146.25</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.29 3/4</u></div>
<div><u>HI SD CRN 0.65 4.32 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.252 down 0.0075</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 10.19 1/2 NOV18 HI 10.21</u></div>
<div><u> LOW 10.06 LOW 10.16 1/4</u></div>
<div><u> CLOSE10.17 1/4 Up 5 1/2 CLOSE 10.20 Up 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+MAY18</u></div>
<div><u>CK Low 1.81 11.98 440.281.84 12.04 442.39</u></div>
<div><u>CK High 2.00 12.17 447.261.95 12.15 446.44</u></div>
<div><u>CK Average 1.92 -0.5212.09 444.261.91 -0.5112.11 444.84</u></div>
<div><u>Essex Cty 1.90 12.07 443.591.85 12.05 442.76</u></div>
<div><u>Mdsx Low 1.81 11.98 440.281.84 12.04 442.39</u></div>
<div><u>Mdsx High 1.95 12.12 445.431.95 12.15 446.44</u></div>
<div><u>Mdsx Average 1.88 -0.5512.05 442.851.90 -0.5212.10 444.42</u></div>
<div><u>Hensall 1.93 12.10 444.511.95 12.15 446.44</u></div>
<div><u>Bruce 1.85 12.02 441.751.90 12.10 444.60</u></div>
<div><u>Putnam 1.95 12.12 445.431.95 12.15 446.44</u></div>
<div><u>Burford 1.88 12.05 442.851.91 12.11 444.97</u></div>
<div><u>Port Perry 1.81 11.98 440.281.84 12.04 442.39</u></div>
<div><u>Norfolk 1.90 12.07 443.591.95 12.15 446.44</u></div>
<div><u>Palmerston 1.90 12.07 443.591.90 12.10 444.60</u></div>
<div><u>Varna 1.90 12.07 443.591.95 12.15 446.44</u></div>
<div><u>Trenton 1.85 12.02 441.751.90 12.10 444.60</u></div>
<div><u>Winchester 1.87 12.04 442.491.89 12.09 444.23</u></div>
<div><u>North Gower 1.84 12.01 441.381.84 12.04 442.39</u></div>
<div><u>Huron FOB 2.00 12.17 447.262.05 12.25 450.11</u></div>
<div><u>Kent FOB 2.10 12.27 450.941.90 12.10 444.60</u></div>
<div><u>Lambton FOB 2.10 12.27 450.942.05 12.25 450.11</u></div>
<div><u>Middlesex FOB1.97 2.09 2.04 2.11 12.14 446.161.95 12.15 446.44</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.35 12.55 461.13</u></div>
<div><u>Prescott 2.02 12.19 448.002.21 12.41 455.99</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.93 365.03-0.37 9.83 361.01</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.252 down 0.0075</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR18 HI 4.60 3/4 JUL18 HI 4.87 1/2</u></div>
<div><u> LOW 4.53 3/4 LOW 4.80 3/4</u></div>
<div><u> CLOSE 4.55 3/4 Down 5 CLOSE 4.83 3/4 Down 3 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.05 3/4 SEP18 HI 6.35</u></div>
<div><u> LOW 5.99 1/2 LOW 6.30</u></div>
<div><u> CLOSE 6.00 1/4 Down 1 1/2 CLOSE 6.31 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 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.09 1.02 0.96 0.20</u></div>
<div><u>CAD $/bu 5.64 5.58 5.52 6.20</u></div>
<div><u>CAD $/tonne 207.36 205.06 202.76 227.84</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 0.96 1.34 0.90 N/A 1.09 0.84 0.78 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 0.71 N/A N/A N/A 0.78 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 1.00 0.90 N/A 1.00 0.85 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 0.77 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.06 1.00 0.25 N/A 1.15 1.08 0.25</u></div>
<div><u>W O Feed 1.43</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 1.27 N/A N/A N/A 1.21 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.51US 5.64CA 4.79US 5.98CA</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 1.08 0.96 0.90 0.20</u></div>
<div><u>CAD $/bu 5.92 5.80 5.73 6.52</u></div>
<div><u>CAD $/tonne 217.58 212.99 210.69 239.51</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 509.17</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 245.00</u></div>
<div><br>
</div>
<p></p>
<p style="margin-top:0;margin-bottom:0"></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%;
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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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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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