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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 15</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2493 down 0.0027</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.68 3/4 DEC18 HI 3.97 3/4</u></div>
<div><u> LOW 3.65 1/2 LOW 3.94 3/4</u></div>
<div><u> CLOSE3.67 3/4 Up 1/2 CLOSE 3.97 1/2 Up 1</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 4.28 168.40 0.60 4.58 180.11</u></div>
<div><u>CK High 0.65 4.33 170.37 0.70 4.68 184.05</u></div>
<div><u>CK Avg 0.61 -0.25 4.29 168.73 0.63 -0.29 4.60 181.09</u></div>
<div><u>Essex Cty 0.60 4.28 168.40 0.65 4.63 182.08</u></div>
<div><u>Mdsx Low 0.60 4.28 168.40 0.60 4.58 180.11</u></div>
<div><u>Mdsx High 0.65 4.33 170.37 0.60 4.58 180.11</u></div>
<div><u>Mdsx Avg 0.63 -0.23 4.30 169.38 0.60 -0.31 4.58 180.11</u></div>
<div><u>Hensall 0.65 4.33 170.37 0.61 4.59 180.50</u></div>
<div><u>Bruce 0.65 4.33 170.37 0.65 4.63 182.08</u></div>
<div><u>Putnam 0.65 4.33 170.37 0.60 4.58 180.11</u></div>
<div><u>Burford 0.65 4.33 170.37 0.60 4.58 180.11</u></div>
<div><u>Port Perry 0.65 4.33 170.37 0.60 4.58 180.11</u></div>
<div><u>Norfolk 0.65 4.33 170.37 0.60 4.58 180.11</u></div>
<div><u>Palmerston 0.60 4.28 168.40 0.65 4.63 182.08</u></div>
<div><u>Varna 0.65 4.33 170.37 0.65 4.63 182.08</u></div>
<div><u>Trenton 0.70 4.38 172.33 0.75 4.73 186.02</u></div>
<div><u>Winchester 0.92 4.60 181.00 0.92 4.90 192.71</u></div>
<div><u>North Gower 0.94 4.62 181.78 0.92 4.90 192.71</u></div>
<div><u>Huron FOB 0.90 4.58 180.21 0.68 4.66 183.26</u></div>
<div><u>Kent FOB 0.87 4.55 179.03 0.65 4.63 182.08</u></div>
<div><u>Lamb FOB 0.85 4.53 178.24 0.65 4.63 182.08</u></div>
<div><u>Mdsx FOB 0.70N/A N/A N/A 4.38 172.33 0.65 4.63 182.08</u></div>
<div><u>FOB SW Que 1.31 4.99 196.35 1.01 4.99 196.25</u></div>
<div><u>Track 1.10 4.78 188.08N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.95 0.98 0.96 0.85 4.83 189.95</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 0.95 0.95N/A 1.00 4.63 182.18 N/A</u></div>
<div><u>Sarn-Eth 1.00 1.00N/A N/A 4.68 184.15N/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 4.93 193.89</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 5.08 199.79</u></div>
<div><u>W O Feed 1.20 4.88 192.10</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.27 4.95 194.77</u></div>
<div><u>Toledo El. -0.04 3.64 143.30 -0.25 3.73 146.67</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.30 1/4</u></div>
<div><u>HI SD CRN 0.65 4.32 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 1.2493 down 0.0027</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 10.24 3/4 NOV18 HI 10.24</u></div>
<div><u> LOW 10.15 1/2 LOW 10.17 3/4</u></div>
<div><u> CLOSE10.24 1/4 Up 7 CLOSE 10.23 3/4 Up 3 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 1.82 12.06 443.221.80 12.04 442.30</u></div>
<div><u>CK High 1.90 12.14 446.161.90 12.14 445.98</u></div>
<div><u>CK Average 1.86 -0.5512.10 444.751.83 -0.5612.06 443.22</u></div>
<div><u>Essex Cty 1.85 12.09 444.321.80 12.04 442.30</u></div>
<div><u>Mdsx Low 1.82 12.06 443.221.80 12.04 442.30</u></div>
<div><u>Mdsx High 1.85 12.09 444.321.85 12.09 444.14</u></div>
<div><u>Mdsx Average 1.84 -0.5812.08 443.771.83 -0.5612.06 443.22</u></div>
<div><u>Hensall 1.85 12.09 444.321.88 12.11 445.06</u></div>
<div><u>Bruce 1.85 12.09 444.321.85 12.09 444.14</u></div>
<div><u>Putnam 1.85 12.09 444.321.85 12.09 444.14</u></div>
<div><u>Burford 1.89 12.13 445.791.87 12.11 444.87</u></div>
<div><u>Port Perry 1.82 12.06 443.221.80 12.04 442.30</u></div>
<div><u>Norfolk 1.85 12.09 444.321.85 12.09 444.14</u></div>
<div><u>Palmerston 1.85 12.09 444.321.80 12.04 442.30</u></div>
<div><u>Varna 1.85 12.09 444.321.90 12.14 445.98</u></div>
<div><u>Trenton 1.85 12.09 444.321.80 12.04 442.30</u></div>
<div><u>Winchester 1.83 12.07 443.591.81 12.05 442.67</u></div>
<div><u>North Gower 1.84 12.08 443.961.87 12.11 444.87</u></div>
<div><u>Huron FOB 1.95 12.19 448.002.00 12.24 449.65</u></div>
<div><u>Kent FOB 2.05 12.29 451.671.80 12.04 442.30</u></div>
<div><u>Lambton FOB 2.10 12.34 453.511.95 12.19 447.81</u></div>
<div><u>Middlesex FOB1.93 2.06 2.01 2.07 12.17 447.261.90 12.14 445.98</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.25 12.49 458.84</u></div>
<div><u>Prescott 2.00 12.24 449.832.17 12.41 455.90</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 10.01 367.63-0.37 9.86 362.42</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2493 down 0.0027</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR18 HI 4.63 1/2 JUL18 HI 4.91 1/4</u></div>
<div><u> LOW 4.52 1/4 LOW 4.80 1/4</u></div>
<div><u> CLOSE 4.61 3/4 Up 6 CLOSE 4.90 Up 6 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR18 HI 6.10 SEP18 HI 6.35 3/4</u></div>
<div><u> LOW 6.00 1/2 LOW 6.30</u></div>
<div><u> CLOSE 6.08 1/2 Up 8 1/4 CLOSE 6.33 3/4 Up 2 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 1.09 1.03 0.96 0.21</u></div>
<div><u>CAD $/bu 5.71 5.64 5.58 6.29</u></div>
<div><u>CAD $/tonne 209.67 207.37 205.08 231.13</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 0.94 1.32 0.88 N/A 1.07 0.82 0.76 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 0.72 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.02 0.96 0.20 N/A 1.11 1.11 0.20</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 1.28 N/A N/A N/A 1.21 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.57US 5.71CA 4.85US 6.05CA</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 1.09 0.96 0.90 0.19</u></div>
<div><u>CAD $/bu 5.99 5.86 5.80 6.53</u></div>
<div><u>CAD $/tonne 219.94 215.36 213.07 239.99</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 516.66</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 245.00</u></div>
<div><br>
</div>
<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;
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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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