<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-2022-jp">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" 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;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" 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;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" 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;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" 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;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 13</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3241 up 0.0010</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.79 DEC19 HI 4.02 1/2</u></div>
<div><u> LOW 3.76 1/4 LOW 4.00 1/4</u></div>
<div><u> CLOSE3.78 3/4 Up 1/2 CLOSE 4.02 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 +MAY19+MAY19+JUL19</u></div>
<div><u>CK Low 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>CK High 1.00 4.79 188.48 0.90 4.93 193.89</u></div>
<div><u>CK Avg 1.00 -0.17 4.79 188.48 0.87 -0.32 4.89 192.58</u></div>
<div><u>Essex Cty 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>Mdsx Low 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>Mdsx High 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>Mdsx Avg 1.00 -0.17 4.79 188.48 0.85 -0.33 4.88 191.92</u></div>
<div><u>Hensall 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>Bruce 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>Putnam 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>Burford 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>Port Perry 0.95 4.74 186.51 0.85 4.88 191.92</u></div>
<div><u>Norfolk 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>Palmerston 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>Varna 1.00 4.79 188.48 0.85 4.88 191.92</u></div>
<div><u>Trenton 0.95 4.74 186.51 0.85 4.88 191.92</u></div>
<div><u>Winchester 1.10 4.89 192.41 1.15 5.18 203.73</u></div>
<div><u>North Gower 1.10 4.89 192.41 1.13 5.16 202.94</u></div>
<div><u>Huron FOB 1.30 5.09 200.29 0.95 4.98 195.86</u></div>
<div><u>Kent FOB 1.25 5.04 198.32 0.90 4.93 193.89</u></div>
<div><u>Lamb FOB 1.30 5.09 200.29 0.90 4.93 193.89</u></div>
<div><u>Mdsx FOB 1.25 1.25N/A N/A 5.04 198.32 0.95 4.98 195.86</u></div>
<div><u>FOB SW Que 1.79 5.58 219.58 1.19 5.22 205.31</u></div>
<div><u>Track 1.50 5.29 208.16N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.55 1.53 1.14 5.17 203.34</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.21 5.24 206.09</u></div>
<div><u>Aylmer-Eth 1.52 1.49 1.52 1.52 5.31 208.95 1.13 5.16 202.94</u></div>
<div><u>Sarn-Eth 1.40 1.35 1.40N/A 5.19 204.22N/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 1.55 1.15 5.18 203.73</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 5.28 207.67</u></div>
<div><u>W O Feed 1.66 5.45 214.62</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 5.60 220.36</u></div>
<div><u>Toledo El. -0.08 3.71 145.98 -0.26 3.76 148.07</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.00 4.78 3/4</u></div>
<div><u>HI SD CRN 1.00 4.78 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 1.3241 up 0.0010</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.20 NOV19 HI 9.61 3/4</u></div>
<div><u> LOW 9.13 3/4 LOW 9.56 1/4</u></div>
<div><u> CLOSE9.16 1/2 Down 1 CLOSE 9.58 3/4 Down 1 1/4</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 2.11 11.28 414.292.23 11.82 434.22</u></div>
<div><u>CK High 2.15 11.32 415.762.30 11.89 436.79</u></div>
<div><u>CK Average 2.14 -0.6211.31 415.512.26 -0.6111.85 435.44</u></div>
<div><u>Essex Cty 2.20 11.37 417.592.25 11.84 434.95</u></div>
<div><u>Mdsx Low 2.15 11.32 415.762.25 11.84 434.95</u></div>
<div><u>Mdsx High 2.15 11.32 415.762.27 11.86 435.69</u></div>
<div><u>Mdsx Average 2.15 -0.6211.32 415.762.26 -0.6111.85 435.32</u></div>
<div><u>Hensall 2.13 11.29 414.842.25 11.84 434.95</u></div>
<div><u>Bruce 2.10 11.27 413.922.25 11.84 434.95</u></div>
<div><u>Putnam 2.15 11.32 415.762.25 11.84 434.95</u></div>
<div><u>Burford 2.15 11.32 415.762.27 11.86 435.69</u></div>
<div><u>Port Perry 2.11 11.28 414.292.23 11.82 434.22</u></div>
<div><u>Norfolk 2.10 11.27 413.922.25 11.84 434.95</u></div>
<div><u>Palmerston 2.10 11.27 413.922.40 11.99 440.47</u></div>
<div><u>Varna 2.10 11.27 413.922.25 11.84 434.95</u></div>
<div><u>Trenton 2.10 11.27 413.922.30 11.89 436.79</u></div>
<div><u>Winchester 2.05 11.22 412.082.30 11.89 436.79</u></div>
<div><u>North Gower 2.10 11.27 413.922.28 11.87 436.06</u></div>
<div><u>Huron FOB 2.20 11.37 417.592.35 11.94 438.63</u></div>
<div><u>Kent FOB 2.45 11.62 426.782.25 11.84 434.95</u></div>
<div><u>Lambton FOB 2.40 11.57 424.942.35 11.94 438.63</u></div>
<div><u>Middlesex FOB2.08 2.14 2.26 2.32 11.25 413.182.35 11.94 438.63</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.78 N/A N/A N/A 11.95 438.902.65 12.24 449.65</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.55 11.72 430.452.70 12.29 451.49</u></div>
<div><u>Prescott N/A 2.70 12.29 451.49</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.53 8.64 317.30-0.66 8.93 328.03</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3241 up 0.0010</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.24 JUL19 HI 5.27 3/4</u></div>
<div><u> LOW 5.18 3/4 LOW 5.20 1/2</u></div>
<div><u> CLOSE 5.22 1/4 Up 2 1/4 CLOSE 5.26 1/2 Up 4 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.85 SEP19 HI 5.85 3/4</u></div>
<div><u> LOW 5.76 LOW 5.80 3/4</u></div>
<div><u> CLOSE 5.79 3/4 Up 2 1/2 CLOSE 5.84 Up 3</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 1.56 1.63 1.43 0.82</u></div>
<div><u>CAD $/bu 6.78 6.85 6.65 6.62</u></div>
<div><u>CAD $/tonne 249.22 251.65 244.35 243.13</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 1.47 1.53 1.20 N/A 1.45 1.51 1.18 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 1.25 N/A N/A N/A 1.15 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 1.25 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Brigden N/A N/A 1.25 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 1.55 1.15 1.10 N/A 1.58 1.23 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 1.81</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 1.89 N/A N/A N/A 1.82 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.17US 6.85CA 5.12US 6.75CA</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 1.49 1.55 1.35 0.75</u></div>
<div><u>CAD $/bu 6.75 6.82 6.62 6.59</u></div>
<div><u>CAD $/tonne 248.05 250.47 243.20 241.98</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 473.01</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00</u></div>
<div><u><br>
</u></div>
<div>---</div>
<div><br>
</div>
<p></p>
<p style="margin-top:0;margin-bottom:0">Ontario Grain Market Commentary for February 13, 2019</p>
<p style="margin-top:0;margin-bottom:0">By Marty Hibbs, Grain Farmers of Ontario</p>
<p style="margin-top:0;margin-bottom:0"><br>
</p>
<p style="margin-top:0;margin-bottom:0"></p>
<div>Futures Prices as of close, February 13, 2019</div>
<div>Commodity<span style="white-space:pre"> </span>Period<span style="white-space:pre">
</span>Price<span style="white-space:pre"> </span>Weekly Movement</div>
<div>Corn CBOT<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>3.79<span style="white-space:pre"> </span>$B",(B 01 cents</div>
<div>Soybeans CBOT<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>9.17<span style="white-space:pre"> </span>$B"-(B 05 cents</div>
<div>Wheat CBOT<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>5.21<span style="white-space:pre"> </span>$B"-(B 05 cents</div>
<div>Wheat Minn.<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>5.80<span style="white-space:pre"> </span>$B",(B 07 cents</div>
<div>Wheat Kansas<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>4.93<span style="white-space:pre"> </span>$B"-(B 14 cents</div>
<div>Oats CBOT<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>2.82<span style="white-space:pre"> </span>$B"-(B 06 cents</div>
<div><span style="white-space:pre"></span></div>
<div>Canadian $<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>0.7553<span style="white-space:pre"> </span>$B"-(B 0.35 points</div>
<div><br>
</div>
<div><br>
</div>
<div>Corn:</div>
<div>Nothing new to report. Corn continues to track sideways again in the triangle channel. We are still in the $3.70 - $3.80 trading range. The United States Department of Agriculture (USDA) report was a non-event. </div>
<div>The intermediate indicators remain positive and a challenge of the $4 level seems imminent in the coming months, but the primary trend remains down. </div>
<div><br>
</div>
<div>Soybeans:</div>
<div>The March soybean contract challenged the $9 level again after the USDA report but it held once again.</div>
<div>A close above this at the $9.40 level is needed to start the ball rolling for a bullish move this spring. A close above this level should set us up for a challenge of the more important $10.80 wall. A convincing close above $9.40 could finally turn this
six-year-old bear into the full-blown multi-year bull market that we have been anticipating.</div>
<div>Short-term indicators are now neutral while the primary trend remains down. The support line is still at $9 on the March futures and resistance remains at the $9.40 level.</div>
<div><br>
</div>
<div>Wheat:</div>
<div>We continued to track sideways again this week and we are still seeing resistance at the $5.35 - $5.40 level on the March futures. We need to stay above the $5 support to keep the positive tone in the futures. Short term indicators suggest a pop in prices
to challenge the $5.35 level on the March contract possible later this month. I am still looking for higher prices in the spring. </div>
<div>Both short- and long-term indicators are now bullish while the intermediate is neutral. </div>
<div><br>
</div>
<div>Grain Farmers of Ontario is hosting online webinars for those interested in learning how to utilize futures and options for hedging purposes in most agricultural products. </div>
<div><br>
</div>
<div>These webinars are hosted by myself. You can call me directly at 519-767-4123 or signup online at https://gfo.ca/event/grain-marketing-webinar-intro-to-futures/. </div>
<div>When you sign up you will be notified of upcoming dates and times.</div>
<div><br>
</div>
<div><br>
</div>
<div>Cash Grain prices as of the close, February 13, 2019 are as follows:</div>
<div>SWW @ $248.69/MT ($6.77/bu), HRW @ $251.12/MT ($6.83/bu), </div>
<div> HRS @ $243.34/MT ($6.62/bu), SRW @ $243.82/MT ($6.64/bu). </div>
<div><br>
</div>
<p></p>
<p style="margin-top:0;margin-bottom:0">----</p>
<p style="margin-top:0;margin-bottom:0"></p>
<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" id="LPlnk582108" class="OWAAutoLink" previewremoved="true"><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" id="LPlnk499081" class="OWAAutoLink" previewremoved="true"><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%;
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"> to
unsubscribe from this report.</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<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>
<br>
<p></p>
<p style="margin-top:0;margin-bottom:0"><br>
</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;">
<div><span style="font-family:"Courier New",monospace; font-size:10pt"></span></div>
<u><br>
</u>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
<p></p>
</div>
<p></p>
</div>
<p></p>
</div>
<p></p>
</div>
</body>
</html>