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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 1</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.307 down 0.0055</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.80 3/4 DEC19 HI 4.03 3/4</u></div>
<div><u> LOW 3.76 1/2 LOW 4.00 1/4</u></div>
<div><u> CLOSE3.78 1/4 Up 1 3/4 CLOSE 4.02 1/4 Up 2 1/4</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 +MAY19+MAY19+JUL19</u></div>
<div><u>CK Low 0.95 4.73 186.31 0.85 4.87 191.82</u></div>
<div><u>CK High 1.00 4.78 188.28 0.90 4.92 193.79</u></div>
<div><u>CK Avg 0.96 -0.15 4.74 186.70 0.86 -0.28 4.88 192.22</u></div>
<div><u>Essex Cty 1.00 4.78 188.28 0.85 4.87 191.82</u></div>
<div><u>Mdsx Low 0.95 4.73 186.31 0.85 4.87 191.82</u></div>
<div><u>Mdsx High 0.95 4.73 186.31 0.85 4.87 191.82</u></div>
<div><u>Mdsx Avg 0.95 -0.16 4.73 186.31 0.85 -0.29 4.87 191.82</u></div>
<div><u>Hensall 0.95 4.73 186.31 0.85 4.87 191.82</u></div>
<div><u>Bruce 0.95 4.73 186.31 0.85 4.87 191.82</u></div>
<div><u>Putnam 0.95 4.73 186.31 0.85 4.87 191.82</u></div>
<div><u>Burford 0.95 4.73 186.31 0.85 4.87 191.82</u></div>
<div><u>Port Perry 0.95 4.73 186.31 0.90 4.92 193.79</u></div>
<div><u>Norfolk 1.00 4.78 188.28 0.85 4.87 191.82</u></div>
<div><u>Palmerston 0.95 4.73 186.31 0.85 4.87 191.82</u></div>
<div><u>Varna 0.95 4.73 186.31 0.85 4.87 191.82</u></div>
<div><u>Trenton 0.95 4.73 186.31 0.85 4.87 191.82</u></div>
<div><u>Winchester 1.10 4.88 192.22 1.15 5.17 203.63</u></div>
<div><u>North Gower 1.12 4.90 193.00 1.10 5.12 201.66</u></div>
<div><u>Huron FOB 1.27 5.05 198.91 0.92 4.94 194.58</u></div>
<div><u>Kent FOB 1.25 5.03 198.12 0.90 4.92 193.79</u></div>
<div><u>Lamb FOB 1.32 5.10 200.88 0.95 4.97 195.76</u></div>
<div><u>Mdsx FOB 1.25 1.25N/A N/A 5.03 198.12 0.95 4.97 195.76</u></div>
<div><u>FOB SW Que 1.67 5.45 214.66N/A</u></div>
<div><u>Track 1.50 5.28 207.96N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.57 1.55 1.15 5.17 203.63</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.22 5.24 206.39</u></div>
<div><u>Aylmer-Eth 1.47 1.50 1.52 1.50 5.25 206.78 1.14 5.16 203.24</u></div>
<div><u>Sarn-Eth 1.40 1.35 1.40N/A 5.18 204.03N/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 1.55 1.53 1.15 5.17 203.63</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 1.25 5.27 207.57</u></div>
<div><u>W O Feed 1.63 5.42 213.24</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.74 5.52 217.41</u></div>
<div><u>Toledo El. -0.12 3.66 144.28 -0.26 3.76 148.09</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.97 1/2 4.75 3/4</u></div>
<div><u>HI SD CRN 1.00 4.78 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 1.307 down 0.0055</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.31 1/4 NOV19 HI 9.69 1/4</u></div>
<div><u> LOW 9.17 LOW 9.56 3/4</u></div>
<div><u> CLOSE9.17 3/4 Up 2 1/2 CLOSE 9.57 1/4 Up 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+MAY19</u></div>
<div><u>CK Low 2.01 11.19 411.072.11 11.68 429.26</u></div>
<div><u>CK High 2.05 11.23 412.542.20 11.77 432.57</u></div>
<div><u>CK Average 2.04 -0.5911.22 412.252.15 -0.5811.72 430.80</u></div>
<div><u>Essex Cty 2.05 11.23 412.542.15 11.72 430.73</u></div>
<div><u>Mdsx Low 2.00 11.18 410.702.15 11.72 430.73</u></div>
<div><u>Mdsx High 2.05 11.23 412.542.15 11.72 430.73</u></div>
<div><u>Mdsx Average 2.03 -0.6111.20 411.622.15 -0.5811.72 430.73</u></div>
<div><u>Hensall 2.03 11.20 411.622.15 11.72 430.73</u></div>
<div><u>Bruce 2.05 11.23 412.542.15 11.72 430.73</u></div>
<div><u>Putnam 2.00 11.18 410.702.15 11.72 430.73</u></div>
<div><u>Burford 2.05 11.23 412.542.15 11.72 430.73</u></div>
<div><u>Port Perry 2.01 11.19 411.072.11 11.68 429.26</u></div>
<div><u>Norfolk 2.05 11.23 412.542.15 11.72 430.73</u></div>
<div><u>Palmerston 2.05 11.23 412.542.25 11.82 434.40</u></div>
<div><u>Varna 2.05 11.23 412.542.15 11.72 430.73</u></div>
<div><u>Trenton 2.00 11.18 410.702.15 11.72 430.73</u></div>
<div><u>Winchester 1.95 11.13 408.872.18 11.75 431.83</u></div>
<div><u>North Gower 2.00 11.18 410.702.15 11.72 430.73</u></div>
<div><u>Huron FOB 2.15 11.33 416.212.25 11.82 434.40</u></div>
<div><u>Kent FOB 2.35 11.53 423.562.15 11.72 430.73</u></div>
<div><u>Lambton FOB 2.10 11.28 414.382.30 11.87 436.24</u></div>
<div><u>Middlesex FOB2.01 2.08 2.19 2.25 11.19 411.072.26 11.83 434.77</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.63 N/A N/A N/A 11.81 433.852.49 12.06 443.22</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.40 11.58 425.402.60 12.17 447.26</u></div>
<div><u>Prescott N/A 2.35 11.92 438.08</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.59 8.59 315.60-0.65 8.92 327.77</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.307 down 0.0055</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>MAR19 HI 5.26 1/2 JUL19 HI 5.34 1/2</u></div>
<div><u> LOW 5.15 1/4 LOW 5.25 1/2</u></div>
<div><u> CLOSE 5.24 1/4 Up 7 3/4 CLOSE 5.32 Up 5</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.77 1/2 SEP19 HI 5.93 3/4</u></div>
<div><u> LOW 5.68 3/4 LOW 5.89 1/2</u></div>
<div><u> CLOSE 5.75 1/2 Up 5 1/2 CLOSE 5.91 3/4 Up 4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.48 1.54 1.35 0.72</u></div>
<div><u>CAD $/bu 6.72 6.79 6.59 6.48</u></div>
<div><u>CAD $/tonne 246.97 249.37 242.16 237.96</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2018 Harvest 2019</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 1.25 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 1.39 1.26 1.20 N/A 1.41 1.28 1.15 N/A</u></div>
<div><u>Hensall 1.45 N/A 1.25 N/A 1.50 N/A 1.15 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A</u></div>
<div><u>Bruce 1.45 1.55 1.25 N/A 1.45 1.45 1.15 1.00</u></div>
<div><u>Essex N/A N/A 1.20 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Norwich 1.45 N/A 1.25 N/A 1.50 N/A 1.15 N/A</u></div>
<div><u>Port Hope N/A N/A 1.25 N/A N/A 1.30 1.15 N/A</u></div>
<div><u>Kent Bridge 1.45 N/A 1.25 N/A 1.50 N/A 1.15 N/A</u></div>
<div><u>Chatham N/A N/A 1.20 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Brigden N/A N/A 1.20 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 1.60 1.25 1.10 N/A 1.50 1.15 1.00</u></div>
<div><u>Varna 1.45 1.55 1.25 N/A 1.45 1.45 1.15 N/A</u></div>
<div><u>Mitchell 1.45 1.25 1.25 N/A 1.50 1.30 1.15 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.71 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.40 1.20 0.60 N/A 1.48 1.28 0.60</u></div>
<div><u>W O Feed 1.84</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 1.81 N/A N/A N/A 1.75 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.19US 6.79CA 5.17US 6.74CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.42 1.49 1.29 0.69</u></div>
<div><u>CAD $/bu 6.74 6.81 6.61 6.61</u></div>
<div><u>CAD $/tonne 247.71 250.10 242.91 242.79</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 484.80</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00 - 180.00</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);"><br>
</span></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);">Register now for the GFO Grain Marketing Webinar: Intro to Futures, which will be held at noon
on February 6, 2019. Here is the link to the online registration form:</span><span style="color: rgb(33, 33, 33); background: white;"> </span><a href="https://gfo.ca/event/grain-marketing-webinar-intro-to-futures/" target="_blank" style="" id="LPlnk760481" class="OWAAutoLink" previewremoved="true"><span style="mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;background:white">https://gfo.ca/event/grain-marketing-webinar-intro-to-futures/</span></a><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">
<o:p></o:p></span></p>
<br>
<p class="MsoNormal" style=""><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">---<o:p></o:p></span></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="" id="LPlnk71964" class="OWAAutoLink" 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="LPlnk846273" class="OWAAutoLink" 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>
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