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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 22</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3138 down 0.0080</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.77 3/4 DEC19 HI 4.03 3/4</u></div>
<div><u> LOW 3.74 1/2 LOW 4.00 3/4</u></div>
<div><u> CLOSE3.75 1/4 Down 1/4 CLOSE 4.01 3/4 Unchanged</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 4.70 185.13 0.80 4.82 189.66</u></div>
<div><u>CK High 1.00 4.75 187.10 0.90 4.92 193.59</u></div>
<div><u>CK Avg 0.98 -0.15 4.73 186.11 0.84 -0.31 4.86 191.30</u></div>
<div><u>Essex Cty 1.00 4.75 187.10 0.85 4.87 191.63</u></div>
<div><u>Mdsx Low 0.95 4.70 185.13 0.80 4.82 189.66</u></div>
<div><u>Mdsx High 0.95 4.70 185.13 0.80 4.82 189.66</u></div>
<div><u>Mdsx Avg 0.95 -0.17 4.70 185.13 0.80 -0.34 4.82 189.66</u></div>
<div><u>Hensall 0.98 4.73 186.11 0.83 4.84 190.64</u></div>
<div><u>Bruce 1.00 4.75 187.10 0.85 4.87 191.63</u></div>
<div><u>Putnam 0.95 4.70 185.13 0.80 4.82 189.66</u></div>
<div><u>Burford 0.95 4.70 185.13 0.80 4.82 189.66</u></div>
<div><u>Port Perry 0.90 4.65 183.16 0.80 4.82 189.66</u></div>
<div><u>Norfolk 1.00 4.75 187.10 0.85 4.87 191.63</u></div>
<div><u>Palmerston 1.00 4.75 187.10 0.85 4.87 191.63</u></div>
<div><u>Varna 1.00 4.75 187.10 0.85 4.87 191.63</u></div>
<div><u>Trenton 1.00 4.75 187.10 0.85 4.87 191.63</u></div>
<div><u>Winchester 1.10 4.85 191.03 1.15 5.17 203.44</u></div>
<div><u>North Gower 1.10 4.85 191.03 1.13 5.15 202.65</u></div>
<div><u>Huron FOB 1.30 5.05 198.91 0.95 4.97 195.56</u></div>
<div><u>Kent FOB 1.25 5.00 196.94 0.90 4.92 193.59</u></div>
<div><u>Lamb FOB 1.30 5.05 198.91 0.90 4.92 193.59</u></div>
<div><u>Mdsx FOB 1.25 1.25 1.30N/A 5.00 196.94 0.95 4.97 195.56</u></div>
<div><u>FOB SW Que 1.75 5.50 216.62 1.23 5.25 206.58</u></div>
<div><u>Track 1.50 5.25 206.78N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.08 5.10 200.68</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.21 5.23 205.80</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 5.15 202.84N/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 5.40 212.69</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 5.56 218.99</u></div>
<div><u>Toledo El. -0.07 3.69 145.14 -0.26 3.76 147.85</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 4.72 3/4</u></div>
<div><u>HI SD CRN 1.00 4.75 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 1.3138 down 0.0080</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.14 3/4 NOV19 HI 9.57</u></div>
<div><u> LOW 9.07 1/2 LOW 9.50 3/4</u></div>
<div><u> CLOSE9.10 1/4 Down 3/4 CLOSE 9.54 1/2 Up 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 2.14 11.24 413.092.20 11.75 431.55</u></div>
<div><u>CK High 2.20 11.30 415.302.25 11.80 433.39</u></div>
<div><u>CK Average 2.16 -0.5311.26 413.892.21 -0.5711.76 431.92</u></div>
<div><u>Essex Cty 2.20 11.30 415.302.20 11.75 431.55</u></div>
<div><u>Mdsx Low 2.15 11.25 413.462.20 11.75 431.55</u></div>
<div><u>Mdsx High 2.22 11.32 416.032.25 11.80 433.39</u></div>
<div><u>Mdsx Average 2.19 -0.5111.29 414.742.23 -0.5611.77 432.47</u></div>
<div><u>Hensall 2.15 11.25 413.462.20 11.75 431.55</u></div>
<div><u>Bruce 2.15 11.25 413.462.20 11.75 431.55</u></div>
<div><u>Putnam 2.15 11.25 413.462.20 11.75 431.55</u></div>
<div><u>Burford 2.22 11.32 416.032.25 11.80 433.39</u></div>
<div><u>Port Perry 2.18 11.28 414.562.21 11.76 431.92</u></div>
<div><u>Norfolk 2.15 11.25 413.462.20 11.75 431.55</u></div>
<div><u>Palmerston 2.15 11.25 413.462.25 11.80 433.39</u></div>
<div><u>Varna 2.15 11.25 413.462.20 11.75 431.55</u></div>
<div><u>Trenton 2.09 11.19 411.252.25 11.80 433.39</u></div>
<div><u>Winchester 2.15 11.25 413.462.25 11.80 433.39</u></div>
<div><u>North Gower 2.10 11.20 411.622.28 11.83 434.49</u></div>
<div><u>Huron FOB 2.25 11.35 417.132.30 11.85 435.23</u></div>
<div><u>Kent FOB 2.40 11.50 422.642.20 11.75 431.55</u></div>
<div><u>Lambton FOB 2.20 11.30 415.302.30 11.85 435.23</u></div>
<div><u>Middlesex FOB2.27 2.27 2.25 2.32 11.37 417.872.30 11.85 435.23</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.73 N/A N/A N/A 11.83 434.772.54 12.09 444.05</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.50 11.60 426.322.65 12.20 448.09</u></div>
<div><u>Prescott N/A 2.65 12.20 448.09</u></div>
<div><u>Port Colborne N/A 2.65 12.20 448.09</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.46 8.64 317.56-0.66 8.89 326.65</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3138 down 0.0080</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>MAR19 HI 4.93 JUL19 HI 5.00</u></div>
<div><u> LOW 4.84 1/2 LOW 4.91 3/4</u></div>
<div><u> CLOSE 4.86 3/4 Up 1/4 CLOSE 4.95 Up 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR19 HI 5.73 SEP19 HI 5.79 1/2</u></div>
<div><u> LOW 5.57 3/4 LOW 5.70 3/4</u></div>
<div><u> CLOSE 5.66 3/4 Up 9 CLOSE 5.74 Up 5 3/4</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 1.53 1.59 1.40 0.86</u></div>
<div><u>CAD $/bu 6.39 6.46 6.26 6.53</u></div>
<div><u>CAD $/tonne 234.97 237.39 230.15 239.80</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 1.20 N/A</u></div>
<div><u>London 1.35 1.54 1.22 N/A 1.42 1.42 1.22 N/A</u></div>
<div><u>Hensall 1.40 N/A 1.25 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 1.25 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 1.25 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 1.05 1.10 N/A 1.60 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 1.40 1.20 1.25 N/A 1.45 1.25 1.20 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.43 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 1.77 1.77 1.57 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.72 N/A N/A N/A 1.67 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.82US 6.33CA 4.80US 6.29CA</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 1.47 1.54 1.34 0.80</u></div>
<div><u>CAD $/bu 6.42 6.49 6.29 6.54</u></div>
<div><u>CAD $/tonne 235.89 238.30 231.08 240.22</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 464.74</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00 - 180.00</u></div>
<div><u><br>
</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: rgb(253, 253, 253);">Editor, AgriLink and Farm Market News<span class="apple-converted-space" style=""> </span></span><br>
<span style="background: rgb(253, 253, 253);">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background: rgb(253, 253, 253);">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500" id="LPlnk161186" class="OWAAutoLink" previewremoved="true" 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" id="LPlnk544524" class="OWAAutoLink" previewremoved="true" 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>
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