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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 21</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3218 up 0.0060</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.78 1/2 DEC19 HI 4.04 1/4</u></div>
<div><u> LOW 3.70 1/2 LOW 3.98 1/4</u></div>
<div><u> CLOSE3.75 1/2 Up 4 3/4 CLOSE 4.01 3/4 Up 3 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 4.71 185.23 0.80 4.82 189.66</u></div>
<div><u>CK High 1.00 4.76 187.20 0.90 4.92 193.59</u></div>
<div><u>CK Avg 0.98 -0.18 4.73 186.21 0.84 -0.33 4.86 191.30</u></div>
<div><u>Essex Cty 1.00 4.76 187.20 0.85 4.87 191.63</u></div>
<div><u>Mdsx Low 0.95 4.71 185.23 0.80 4.82 189.66</u></div>
<div><u>Mdsx High 0.95 4.71 185.23 0.80 4.82 189.66</u></div>
<div><u>Mdsx Avg 0.95 -0.20 4.71 185.23 0.80 -0.37 4.82 189.66</u></div>
<div><u>Hensall 0.98 4.73 186.21 0.83 4.84 190.64</u></div>
<div><u>Bruce 1.00 4.76 187.20 0.85 4.87 191.63</u></div>
<div><u>Putnam 0.95 4.71 185.23 0.80 4.82 189.66</u></div>
<div><u>Burford 0.95 4.71 185.23 0.80 4.82 189.66</u></div>
<div><u>Port Perry 0.90 4.66 183.26 0.80 4.82 189.66</u></div>
<div><u>Norfolk 1.00 4.76 187.20 0.85 4.87 191.63</u></div>
<div><u>Palmerston 1.00 4.76 187.20 0.85 4.87 191.63</u></div>
<div><u>Varna 1.00 4.76 187.20 0.85 4.87 191.63</u></div>
<div><u>Trenton 1.00 4.76 187.20 0.85 4.87 191.63</u></div>
<div><u>Winchester 1.10 4.86 191.13 1.15 5.17 203.44</u></div>
<div><u>North Gower 1.10 4.86 191.13 1.13 5.15 202.65</u></div>
<div><u>Huron FOB 1.30 5.06 199.01 0.95 4.97 195.56</u></div>
<div><u>Kent FOB 1.25 5.01 197.04 0.90 4.92 193.59</u></div>
<div><u>Lamb FOB 1.30 5.06 199.01 0.90 4.92 193.59</u></div>
<div><u>Mdsx FOB 1.25 1.25 1.30N/A 5.01 197.04 0.95 4.97 195.56</u></div>
<div><u>FOB SW Que 1.72 5.48 215.54 1.23 5.25 206.58</u></div>
<div><u>Track 1.50 5.26 206.88N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.06 5.08 199.89</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.19 5.21 205.01</u></div>
<div><u>Aylmer-Eth N/A N/A 1.54 1.55 1.10 5.12 201.47</u></div>
<div><u>Sarn-Eth 1.40 1.35 1.40N/A 5.16 202.94N/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 5.17 203.44</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 5.27 207.37</u></div>
<div><u>W O Feed 1.65 5.41 212.79</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 5.57 219.08</u></div>
<div><u>Toledo El. -0.07 3.69 145.23 -0.26 3.75 147.78</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 5.17203 3/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.97 1/2 4.731</u></div>
<div><u>HI SD CRN 1.00 4.75 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 1.3218 up 0.0060</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.16 3/4 NOV19 HI 9.59 1/2</u></div>
<div><u> LOW 9.00 LOW 9.45 3/4</u></div>
<div><u> CLOSE9.11 Up 8 1/2 CLOSE 9.54 1/4 Up 5 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 2.10 11.21 411.902.19 11.73 431.10</u></div>
<div><u>CK High 2.20 11.31 415.572.25 11.79 433.30</u></div>
<div><u>CK Average 2.14 -0.6011.25 413.432.22 -0.6311.76 432.01</u></div>
<div><u>Essex Cty 2.20 11.31 415.572.20 11.74 431.46</u></div>
<div><u>Mdsx Low 2.10 11.21 411.902.20 11.74 431.46</u></div>
<div><u>Mdsx High 2.19 11.30 415.202.23 11.77 432.57</u></div>
<div><u>Mdsx Average 2.15 -0.6011.26 413.552.22 -0.6311.76 432.01</u></div>
<div><u>Hensall 2.13 11.24 412.822.20 11.74 431.46</u></div>
<div><u>Bruce 2.15 11.26 413.732.20 11.74 431.46</u></div>
<div><u>Putnam 2.10 11.21 411.902.20 11.74 431.46</u></div>
<div><u>Burford 2.19 11.30 415.202.23 11.77 432.57</u></div>
<div><u>Port Perry 2.15 11.26 413.732.19 11.73 431.10</u></div>
<div><u>Norfolk 2.15 11.26 413.732.20 11.74 431.46</u></div>
<div><u>Palmerston 2.10 11.21 411.902.40 11.94 438.81</u></div>
<div><u>Varna 2.15 11.26 413.732.20 11.74 431.46</u></div>
<div><u>Trenton 2.10 11.21 411.902.25 11.79 433.30</u></div>
<div><u>Winchester 1.95 11.06 406.392.20 11.74 431.46</u></div>
<div><u>North Gower 2.10 11.21 411.902.28 11.82 434.40</u></div>
<div><u>Huron FOB 2.25 11.36 417.412.30 11.84 435.14</u></div>
<div><u>Kent FOB 2.40 11.51 422.922.20 11.74 431.46</u></div>
<div><u>Lambton FOB 2.20 11.31 415.572.30 11.84 435.14</u></div>
<div><u>Middlesex FOB2.25 2.25 2.22 2.29 11.36 417.412.27 11.81 434.04</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.81 N/A N/A N/A 11.92 437.992.62 12.16 446.90</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.50 11.61 426.592.65 12.19 448.00</u></div>
<div><u>Prescott N/A 2.70 12.24 449.83</u></div>
<div><u>Port Colborne N/A 2.63 12.17 447.26</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.46 8.65 317.74-0.66 8.88 326.39</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3218 up 0.0060</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 4.91 1/2 JUL19 HI 4.98 1/2</u></div>
<div><u> LOW 4.80 1/4 LOW 4.88 1/4</u></div>
<div><u> CLOSE 4.86 1/2 Up 5 3/4 CLOSE 4.93 1/2 Up 5 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR19 HI 5.61 3/4 SEP19 HI 5.71 1/2</u></div>
<div><u> LOW 5.48 1/2 LOW 5.61</u></div>
<div><u> CLOSE 5.57 3/4 Up 9 CLOSE 5.68 1/4 Up 7 1/2</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 1.57 1.63 1.43 0.87</u></div>
<div><u>CAD $/bu 6.43 6.50 6.30 6.45</u></div>
<div><u>CAD $/tonne 236.28 238.71 231.42 236.89</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 1.20 N/A N/A N/A 1.20 N/A</u></div>
<div><u>London 1.34 1.47 1.18 N/A 1.34 1.40 1.07 N/A</u></div>
<div><u>Hensall 1.40 N/A 1.20 N/A 1.45 N/A 1.20 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.25 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 1.10 N/A</u></div>
<div><u>Norwich 1.40 N/A 1.20 N/A 1.45 N/A 1.20 N/A</u></div>
<div><u>Port Hope N/A N/A 1.20 N/A N/A 1.30 1.20 N/A</u></div>
<div><u>Kent Bridge 1.40 N/A 1.20 N/A 1.45 N/A 1.20 N/A</u></div>
<div><u>Chatham N/A N/A 1.25 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.25 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Palmerston N/A 1.55 1.15 1.10 N/A 1.60 1.25 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 1.40 1.20 1.20 N/A 1.45 1.25 1.20 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.44 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.45 1.30 0.60 N/A 1.55 1.35 0.65</u></div>
<div><u>W O Feed 1.78</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.69 1.76 1.43 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.76 N/A N/A N/A 1.71 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.82US 6.36CA 4.79US 6.31CA</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 1.51 1.57 1.38 0.82</u></div>
<div><u>CAD $/bu 6.44 6.51 6.31 6.51</u></div>
<div><u>CAD $/tonne 236.75 239.17 231.90 239.05</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 465.07</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00 - 180.00</u></div>
<div><u><br>
</u></div>
---
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<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>
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