<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" dir="ltr" style="font-size: 10pt; color: rgb(0, 0, 0); font-family: "Courier New", monospace, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<p style="margin-top:0; margin-bottom:0"><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 21</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2653 up 0.0016</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 3.98 1/4</u></div>
<div><u> LOW 3.64 1/4 LOW 3.94 1/2</u></div>
<div><u> CLOSE3.65 3/4 Up 1/4 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 0.55 4.21 165.64 0.65 4.62 181.68</u></div>
<div><u>CK High 0.65 4.31 169.58 0.70 4.67 183.65</u></div>
<div><u>CK Avg 0.63 -0.27 4.29 168.92 0.66 -0.30 4.62 182.01</u></div>
<div><u>Essex Cty 0.55 4.21 165.64 0.65 4.62 181.68</u></div>
<div><u>Mdsx Low 0.65 4.31 169.58 0.65 4.62 181.68</u></div>
<div><u>Mdsx High 0.65 4.31 169.58 0.65 4.62 181.68</u></div>
<div><u>Mdsx Avg 0.65 -0.25 4.31 169.58 0.65 -0.31 4.62 181.68</u></div>
<div><u>Hensall 0.65 4.31 169.58 0.65 4.62 181.68</u></div>
<div><u>Bruce 0.70 4.36 171.55 0.70 4.67 183.65</u></div>
<div><u>Putnam 0.65 4.31 169.58 0.65 4.62 181.68</u></div>
<div><u>Burford 0.70 4.36 171.55 0.65 4.62 181.68</u></div>
<div><u>Port Perry 0.70 4.36 171.55 0.65 4.62 181.68</u></div>
<div><u>Norfolk 0.70 4.36 171.55 0.65 4.62 181.68</u></div>
<div><u>Palmerston 0.60 4.26 167.61 0.65 4.62 181.68</u></div>
<div><u>Varna 0.65 4.31 169.58 0.60 4.57 179.72</u></div>
<div><u>Trenton 0.70 4.36 171.55 0.75 4.72 185.62</u></div>
<div><u>Winchester 1.00 4.66 183.36 1.00 4.97 195.46</u></div>
<div><u>North Gower 0.97 4.63 182.18 0.94 4.91 193.10</u></div>
<div><u>Huron FOB 0.90 4.56 179.42 0.68 4.65 182.87</u></div>
<div><u>Kent FOB 0.92 4.58 180.21 0.70 4.67 183.65</u></div>
<div><u>Lamb FOB 0.85 4.51 177.45 0.65 4.62 181.68</u></div>
<div><u>Mdsx FOB 0.75 0.75 0.80N/A 4.41 173.52 0.65 4.62 181.68</u></div>
<div><u>FOB SW Que 1.38 5.04 198.32 1.04 5.01 197.04</u></div>
<div><u>Track 1.10 4.76 187.29N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.15 1.13 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 N/A N/A 1.05 N/A</u></div>
<div><u>Sarn-Eth 1.00 1.00N/A N/A 4.66 183.36N/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 1.22 4.88 192.18</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.32 4.98 195.96</u></div>
<div><u>Toledo El. -0.04 3.62 142.49 -0.25 3.71 146.15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.25 3/4</u></div>
<div><u>HI SD CRN 0.65 4.30 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 1.2653 up 0.0016</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 10.38 1/4 NOV18 HI 10.32 1/2</u></div>
<div><u> LOW 10.19 1/4 LOW 10.18 3/4</u></div>
<div><u> CLOSE10.34 1/4 Up 7 3/4 CLOSE 10.28 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 12.24 449.831.90 12.18 447.54</u></div>
<div><u>CK High 1.95 12.29 451.672.00 12.28 451.21</u></div>
<div><u>CK Average 1.93 -0.6512.27 450.811.94 -0.6012.22 449.07</u></div>
<div><u>Essex Cty 2.00 12.34 453.511.85 12.13 445.70</u></div>
<div><u>Mdsx Low 1.91 12.25 450.201.90 12.18 447.54</u></div>
<div><u>Mdsx High 1.95 12.29 451.672.00 12.28 451.21</u></div>
<div><u>Mdsx Average 1.93 -0.6412.27 450.941.95 -0.6012.23 449.38</u></div>
<div><u>Hensall 1.93 12.27 450.751.98 12.26 450.29</u></div>
<div><u>Bruce 1.95 12.29 451.672.00 12.28 451.21</u></div>
<div><u>Putnam 1.95 12.29 451.672.00 12.28 451.21</u></div>
<div><u>Burford 1.98 12.32 452.771.97 12.25 450.11</u></div>
<div><u>Port Perry 1.91 12.25 450.201.90 12.18 447.54</u></div>
<div><u>Norfolk 2.00 12.34 453.512.00 12.28 451.21</u></div>
<div><u>Palmerston 1.85 12.19 448.001.80 12.08 443.86</u></div>
<div><u>Varna 1.90 12.24 449.831.95 12.23 449.38</u></div>
<div><u>Trenton 1.90 12.24 449.831.95 12.23 449.38</u></div>
<div><u>Winchester 1.88 12.22 449.101.96 12.24 449.74</u></div>
<div><u>North Gower 1.90 12.24 449.831.92 12.20 448.27</u></div>
<div><u>Huron FOB 2.00 12.34 453.512.05 12.33 453.05</u></div>
<div><u>Kent FOB 2.15 12.49 459.021.95 12.23 449.38</u></div>
<div><u>Lambton FOB 2.10 12.44 457.182.10 12.38 454.89</u></div>
<div><u>Middlesex FOB2.10 2.10 2.12 2.18 12.44 457.182.07 12.35 453.78</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.47 12.75 468.48</u></div>
<div><u>Prescott 2.00 12.34 453.512.17 12.45 457.46</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 10.10 371.19-0.38 9.90 363.80</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2653 up 0.0016</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.52 JUL18 HI 4.80 1/2</u></div>
<div><u> LOW 4.45 1/2 LOW 4.74</u></div>
<div><u> CLOSE 4.47 1/4 Down 2 CLOSE 4.74 3/4 Down 3 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR18 HI 6.05 SEP18 HI 6.30</u></div>
<div><u> LOW 5.98 1/2 LOW 6.26 1/4</u></div>
<div><u> CLOSE 6.01 1/4 Down 1 1/4 CLOSE 6.29 Up 1 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 1.00 0.27</u></div>
<div><u>CAD $/bu 5.60 5.53 5.47 6.28</u></div>
<div><u>CAD $/tonne 205.62 203.29 200.97 230.72</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 0.87 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 0.95 0.25 1.00 0.85 0.85 0.35</u></div>
<div><u>Essex N/A N/A 0.70 N/A N/A N/A 0.80 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 0.72 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.06 0.99 0.26 N/A 1.17 1.10 0.25</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. 4.42US 5.60CA 4.70US 5.93CA</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 0.26</u></div>
<div><u>CAD $/bu 5.87 5.74 5.68 6.55</u></div>
<div><u>CAD $/tonne 215.65 211.01 208.69 240.83</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 526.91</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 245.00</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="" id="LPlnk741279" previewremoved="true"><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="" id="LPlnk635380" previewremoved="true"><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%;
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);"> to
unsubscribe from this report.</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<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>
<u></u><br>
<p></p>
<p style="margin-top:0; margin-bottom:0"><u><br>
</u></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size:12pt; color:rgb(0,0,0); background-color:rgb(255,255,255); font-family:Calibri,Arial,Helvetica,sans-serif,EmojiFont,"Apple Color Emoji","Segoe UI Emoji",NotoColorEmoji,"Segoe UI Symbol","Android Emoji",EmojiSymbols">
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>