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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2549 up 0.0056</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.68 1/2 DEC18 HI 3.97 3/4</u></div>
<div><u> LOW 3.66 1/2 LOW 3.96</u></div>
<div><u> CLOSE3.67 1/2 Down 1/4 CLOSE 3.97 Down 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 3mat 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 4.28 168.30 0.60 4.57 179.91</u></div>
<div><u>CK High 0.65 4.33 170.27 0.70 4.67 183.85</u></div>
<div><u>CK Avg 0.61 -0.26 4.28 168.63 0.63 -0.30 4.60 181.03</u></div>
<div><u>Essex Cty 0.60 4.28 168.30 0.65 4.62 181.88</u></div>
<div><u>Mdsx Low 0.60 4.28 168.30 0.60 4.57 179.91</u></div>
<div><u>Mdsx High 0.65 4.33 170.27 0.60 4.57 179.91</u></div>
<div><u>Mdsx Avg 0.63 -0.25 4.30 169.28 0.60 -0.33 4.57 179.91</u></div>
<div><u>Hensall 0.65 4.33 170.27 0.61 4.58 180.31</u></div>
<div><u>Bruce 0.65 4.33 170.27 0.60 4.57 179.91</u></div>
<div><u>Putnam 0.65 4.33 170.27 0.60 4.57 179.91</u></div>
<div><u>Burford 0.65 4.33 170.27 0.60 4.57 179.91</u></div>
<div><u>Port Perry 0.65 4.33 170.27 0.60 4.57 179.91</u></div>
<div><u>Norfolk 0.65 4.33 170.27 0.62 4.59 180.70</u></div>
<div><u>Palmerston 0.60 4.28 168.30 0.65 4.62 181.88</u></div>
<div><u>Varna 0.65 4.33 170.27 0.65 4.62 181.88</u></div>
<div><u>Trenton 0.70 4.38 172.24 0.75 4.72 185.82</u></div>
<div><u>Winchester 0.95 4.63 182.08 0.93 4.90 192.90</u></div>
<div><u>North Gower 0.94 4.62 181.68 0.92 4.89 192.51</u></div>
<div><u>Huron FOB 0.90 4.58 180.11 0.68 4.65 183.06</u></div>
<div><u>Kent FOB 0.87 4.55 178.93 0.67 4.64 182.67</u></div>
<div><u>Lamb FOB 0.85 4.53 178.14 0.65 4.62 181.88</u></div>
<div><u>Mdsx FOB 0.70N/A N/A N/A 4.38 172.24 0.65 4.62 181.88</u></div>
<div><u>FOB SW Que 1.36 5.04 198.22 1.03 5.00 196.84</u></div>
<div><u>Track 1.10 4.78 187.98N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.95 0.98 0.96 0.85 4.82 189.76</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 0.95 0.95N/A 1.00 4.63 182.08 N/A</u></div>
<div><u>Sarn-Eth 1.00 1.00N/A N/A 4.68 184.05N/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 N/A</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 4.88 192.00</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.27 4.95 194.68</u></div>
<div><u>Toledo El. -0.04 3.64 143.20 -0.25 3.72 146.42</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.30</u></div>
<div><u>HI SD CRN 0.65 4.32 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 1.2549 up 0.0056</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 10.28 1/4 NOV18 HI 10.23 3/4</u></div>
<div><u> LOW 10.12 LOW 10.15 1/4</u></div>
<div><u> CLOSE10.21 1/2 Down 2 3/4 CLOSE 10.22 Down 1 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 1.85 12.07 443.311.79 12.01 441.29</u></div>
<div><u>CK High 1.90 12.12 445.151.90 12.12 445.33</u></div>
<div><u>CK Average 1.87 -0.5912.08 443.991.82 -0.6212.04 442.52</u></div>
<div><u>Essex Cty 1.85 12.07 443.311.80 12.02 441.66</u></div>
<div><u>Mdsx Low 1.85 12.07 443.311.79 12.01 441.29</u></div>
<div><u>Mdsx High 1.86 12.08 443.681.85 12.07 443.50</u></div>
<div><u>Mdsx Average 1.86 -0.6012.07 443.501.82 -0.6212.04 442.39</u></div>
<div><u>Hensall 1.85 12.07 443.311.88 12.10 444.42</u></div>
<div><u>Bruce 1.85 12.07 443.311.85 12.07 443.50</u></div>
<div><u>Putnam 1.85 12.07 443.311.85 12.07 443.50</u></div>
<div><u>Burford 1.93 12.15 446.251.86 12.08 443.86</u></div>
<div><u>Port Perry 1.86 12.08 443.681.79 12.01 441.29</u></div>
<div><u>Norfolk 1.85 12.07 443.311.85 12.07 443.50</u></div>
<div><u>Palmerston 1.85 12.07 443.311.80 12.02 441.66</u></div>
<div><u>Varna 1.85 12.07 443.311.90 12.12 445.33</u></div>
<div><u>Trenton 1.85 12.07 443.311.85 12.07 443.50</u></div>
<div><u>Winchester 1.87 12.09 444.051.85 12.07 443.50</u></div>
<div><u>North Gower 1.84 12.06 442.951.87 12.09 444.23</u></div>
<div><u>Huron FOB 1.95 12.17 446.992.00 12.22 449.01</u></div>
<div><u>Kent FOB 2.05 12.27 450.661.80 12.02 441.66</u></div>
<div><u>Lambton FOB 2.10 12.32 452.501.95 12.17 447.17</u></div>
<div><u>Middlesex FOB1.96 2.09 2.04 2.10 12.18 447.351.93 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 2.25 12.47 458.19</u></div>
<div><u>Prescott 2.00 12.22 448.822.17 12.39 455.25</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.98 366.58-0.38 9.84 361.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2549 up 0.0056</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.64 1/2 JUL18 HI 4.92 1/4</u></div>
<div><u> LOW 4.56 3/4 LOW 4.84 3/4</u></div>
<div><u> CLOSE 4.57 3/4 Down 4 CLOSE 4.86 1/2 Down 3 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.07 3/4 SEP18 HI 6.33 1/4</u></div>
<div><u> LOW 6.03 LOW 6.29 1/2</u></div>
<div><u> CLOSE 6.05 1/4 Down 3 1/4 CLOSE 6.31 Down 2 3/4</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 1.10 1.04 0.98 0.22</u></div>
<div><u>CAD $/bu 5.68 5.62 5.56 6.28</u></div>
<div><u>CAD $/tonne 208.76 206.45 204.14 230.66</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 1.08 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 0.79 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 0.73 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.02 0.96 0.20 N/A 1.12 1.12 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 1.29 N/A N/A N/A 1.24 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.53US 5.68CA 4.82US 6.04CA</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 1.11 0.99 0.92 0.22</u></div>
<div><u>CAD $/bu 5.98 5.85 5.79 6.53</u></div>
<div><u>CAD $/tonne 219.57 214.96 212.66 240.07</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 516.22</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 245.00</u></div>
<div><u><br>
</u></div>
<div><br>
</div>
<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%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
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>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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