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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 20</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2637 up 0.0088</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.70 DEC18 HI 3.99</u></div>
<div><u> LOW 3.65 1/4 LOW 3.95 1/2</u></div>
<div><u> CLOSE3.65 1/2 Down 2 CLOSE 3.96 Down 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 4.26 167.51 0.60 4.56 179.52</u></div>
<div><u>CK High 0.65 4.31 169.48 0.70 4.66 183.46</u></div>
<div><u>CK Avg 0.63 -0.26 4.29 168.82 0.65 -0.31 4.61 181.49</u></div>
<div><u>Essex Cty 0.60 4.26 167.51 0.65 4.61 181.49</u></div>
<div><u>Mdsx Low 0.60 4.26 167.51 0.60 4.56 179.52</u></div>
<div><u>Mdsx High 0.65 4.31 169.48 0.65 4.61 181.49</u></div>
<div><u>Mdsx Avg 0.63 -0.27 4.28 168.50 0.63 -0.33 4.59 180.50</u></div>
<div><u>Hensall 0.65 4.31 169.48 0.64 4.60 180.90</u></div>
<div><u>Bruce 0.65 4.31 169.48 0.65 4.61 181.49</u></div>
<div><u>Putnam 0.65 4.31 169.48 0.65 4.61 181.49</u></div>
<div><u>Burford 0.65 4.31 169.48 0.60 4.56 179.52</u></div>
<div><u>Port Perry 0.65 4.31 169.48 0.60 4.56 179.52</u></div>
<div><u>Norfolk 0.70 4.36 171.45 0.65 4.61 181.49</u></div>
<div><u>Palmerston 0.60 4.26 167.51 0.65 4.61 181.49</u></div>
<div><u>Varna 0.65 4.31 169.48 0.60 4.56 179.52</u></div>
<div><u>Trenton 0.70 4.36 171.45 0.75 4.71 185.42</u></div>
<div><u>Winchester 1.00 4.66 183.26 1.00 4.96 195.27</u></div>
<div><u>North Gower 0.97 4.63 182.08 0.94 4.90 192.90</u></div>
<div><u>Huron FOB 0.90 4.56 179.32 0.68 4.64 182.67</u></div>
<div><u>Kent FOB 0.92 4.58 180.11 0.70 4.66 183.46</u></div>
<div><u>Lamb FOB 0.85 4.51 177.35 0.65 4.61 181.49</u></div>
<div><u>Mdsx FOB 0.70N/A N/A N/A 4.36 171.45 0.65 4.61 181.49</u></div>
<div><u>FOB SW Que 1.38 5.04 198.22 1.04 5.00 196.84</u></div>
<div><u>Track 1.10 4.76 187.20N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.10 1.15 1.13 0.85 4.81 189.36</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.05 N/A</u></div>
<div><u>Sarn-Eth 1.00 1.00N/A N/A 4.66 183.26N/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 4.91 193.30</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 5.06 199.20</u></div>
<div><u>W O Feed 1.22 4.87 191.76</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.27 4.93 193.89</u></div>
<div><u>Toledo El. -0.04 3.62 142.40 -0.25 3.71 145.97</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.281</u></div>
<div><u>HI SD CRN 0.65 4.30 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 1.2637 up 0.0088</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 10.39 NOV18 HI 10.29 3/4</u></div>
<div><u> LOW 10.24 1/2 LOW 10.21 1/4</u></div>
<div><u> CLOSE10.26 1/2 Up 5 CLOSE 10.25 Up 3</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 1.90 12.17 446.991.84 12.09 444.23</u></div>
<div><u>CK High 1.95 12.22 448.821.95 12.20 448.27</u></div>
<div><u>CK Average 1.92 -0.6312.18 447.601.91 -0.6112.16 446.68</u></div>
<div><u>Essex Cty 1.90 12.17 446.991.90 12.15 446.44</u></div>
<div><u>Mdsx Low 1.90 12.17 446.991.84 12.09 444.23</u></div>
<div><u>Mdsx High 1.90 12.17 446.991.95 12.20 448.27</u></div>
<div><u>Mdsx Average 1.90 -0.6412.17 446.991.90 -0.6212.15 446.25</u></div>
<div><u>Hensall 1.90 12.17 446.991.93 12.18 447.35</u></div>
<div><u>Bruce 1.90 12.17 446.991.95 12.20 448.27</u></div>
<div><u>Putnam 1.90 12.17 446.991.95 12.20 448.27</u></div>
<div><u>Burford 1.97 12.24 449.561.91 12.16 446.80</u></div>
<div><u>Port Perry 1.90 12.17 446.991.84 12.09 444.23</u></div>
<div><u>Norfolk 1.90 12.17 446.991.95 12.20 448.27</u></div>
<div><u>Palmerston 1.85 12.12 445.151.80 12.05 442.76</u></div>
<div><u>Varna 1.90 12.17 446.991.90 12.15 446.44</u></div>
<div><u>Trenton 1.90 12.17 446.991.90 12.15 446.44</u></div>
<div><u>Winchester 1.90 12.17 446.991.92 12.17 447.17</u></div>
<div><u>North Gower 1.90 12.17 446.991.92 12.17 447.17</u></div>
<div><u>Huron FOB 2.00 12.27 450.662.00 12.25 450.11</u></div>
<div><u>Kent FOB 2.10 12.37 454.341.90 12.15 446.44</u></div>
<div><u>Lambton FOB 2.10 12.37 454.342.05 12.30 451.95</u></div>
<div><u>Middlesex FOB2.07 2.13 2.14 2.21 12.34 453.232.01 12.26 450.48</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.40 12.65 464.81</u></div>
<div><u>Prescott 2.00 12.27 450.662.17 12.42 456.36</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 10.02 368.35-0.38 9.87 362.72</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2637 up 0.0088</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAR18 HI 4.63 1/4 JUL18 HI 4.92 1/2</u></div>
<div><u> LOW 4.49 LOW 4.77 3/4</u></div>
<div><u> CLOSE 4.49 1/4 Down 8 1/2 CLOSE 4.78 1/4 Down 8 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.07 SEP18 HI 6.31 1/2</u></div>
<div><u> LOW 6.01 3/4 LOW 6.27 1/2</u></div>
<div><u> CLOSE 6.02 1/2 Down 2 3/4 CLOSE 6.27 3/4 Down 3 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 1.12 1.06 0.99 0.26</u></div>
<div><u>CAD $/bu 5.61 5.55 5.49 6.29</u></div>
<div><u>CAD $/tonne 206.27 203.95 201.63 231.00</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 1.00 1.38 0.94 N/A 1.13 0.88 0.81 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 0.73 N/A N/A N/A 0.82 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 0.85 N/A</u></div>
<div><u>Brigden N/A N/A 0.90 N/A N/A N/A 0.85 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 1.04 0.98 0.22 N/A 1.16 1.09 0.22</u></div>
<div><u>W O Feed 1.45</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 1.31 N/A N/A N/A 1.25 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.44US 5.61CA 4.73US 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 1.12 1.00 0.93 0.25</u></div>
<div><u>CAD $/bu 5.91 5.78 5.72 6.53</u></div>
<div><u>CAD $/tonne 217.02 212.38 210.07 239.96</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 525.04</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 245.00</u></div>
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</u></div>
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</u>
<p></p>
<p style="margin-top:0;margin-bottom:0"><u></u></p>
<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>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object" style=""><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" style=""><span style="font-size:10.0pt;line-height:115%;
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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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