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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 3<br>
</u></span></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.3298 up 0.0055<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.82 DEC20 HI 3.91 1/2<br>
</u></div>
<div><u> LOW 3.76 1/2 LOW 3.88<br>
</u></div>
<div><u> CLOSE3.78 3/4 Down 2 1/2 CLOSE 3.89 1/2 Down 1 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS<br>
</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +MAY20+MAY20+JUL20<br>
</u></div>
<div><u>CK Low 1.35 5.14 202.25 0.85 4.75 186.80<br>
</u></div>
<div><u>CK High 1.35 5.14 202.25 0.95 4.85 190.74<br>
</u></div>
<div><u>CK Avg 1.35 0.08 5.14 202.25 0.88 -0.31 4.77 187.79<br>
</u></div>
<div><u>Essex Cty 1.35 5.14 202.25 0.85 4.75 186.80<br>
</u></div>
<div><u>Mdsx Low 1.35 5.14 202.25 0.85 4.75 186.80<br>
</u></div>
<div><u>Mdsx High 1.35 5.14 202.25 0.85 4.75 186.80<br>
</u></div>
<div><u>Mdsx Avg 1.35 0.08 5.14 202.25 0.85 -0.33 4.75 186.80<br>
</u></div>
<div><u>Hensall 1.38 5.16 203.24 0.88 4.77 187.79<br>
</u></div>
<div><u>Bruce 1.35 5.14 202.25 0.85 4.75 186.80<br>
</u></div>
<div><u>Putnam 1.35 5.14 202.25 0.85 4.75 186.80<br>
</u></div>
<div><u>Burford 1.35 5.14 202.25 0.85 4.75 186.80<br>
</u></div>
<div><u>Port Perry 1.40 5.19 204.22 0.95 4.85 190.74<br>
</u></div>
<div><u>Norfolk 1.35 5.14 202.25 0.85 4.75 186.80<br>
</u></div>
<div><u>Palmerston 1.38 5.17 203.44 0.85 4.75 186.80<br>
</u></div>
<div><u>Varna 1.35 5.14 202.25 0.85 4.75 186.80<br>
</u></div>
<div><u>Trenton 1.45 5.24 206.19 1.00 4.90 192.71<br>
</u></div>
<div><u>Winchester 1.45 5.24 206.19 1.31 5.21 204.91<br>
</u></div>
<div><u>North Gower 1.43 5.22 205.40 1.35 5.25 206.49<br>
</u></div>
<div><u>Huron FOB 1.55 5.34 210.13 0.87 4.77 187.59<br>
</u></div>
<div><u>Kent FOB 1.53 5.32 209.34 0.85 4.75 186.80<br>
</u></div>
<div><u>Lamb FOB 1.59 5.38 211.70 0.98 4.88 191.92<br>
</u></div>
<div><u>Mdsx FOB 1.55 1.55N/A N/A 5.34 210.13 0.90 4.80 188.77<br>
</u></div>
<div><u>FOB SW Que 2.31 6.10 240.05N/A<br>
</u></div>
<div><u>Track 1.79 5.58 219.58N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.07 4.97 195.46<br>
</u></div>
<div><u>Jhnstwn-Eth 1.96 2.05 2.11 2.14 5.75 226.27 1.53 5.43 213.57<br>
</u></div>
<div><u>Aylmer-Eth 1.72N/A N/A 1.75 5.51 216.82 1.05 4.95 194.68<br>
</u></div>
<div><u>Sarn-Eth 1.60N/A N/A N/A 5.39 212.10N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A 1.90 1.30 5.20 204.52<br>
</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Cardnl-Ing N/A 2.05 2.10 2.10 1.40 5.30 208.45<br>
</u></div>
<div><u>W O Feed 1.94 5.73 225.48<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.25 6.04 237.69<br>
</u></div>
<div><u>Toledo El. 0.31 4.09 161.15 -0.27 3.63 142.87<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.39 212.10 1.15 5.05 198.61<br>
</u></div>
<div><u>Prescott 1.95 5.74 225.88 1.40 5.30208 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.35 5.13 3/4<br>
</u></div>
<div><u>HI SD CRN 1.35 5.13 3/4<br>
</u></div>
<div><u>*Wet Bid<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3298 up 0.0055<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 8.78 3/4 NOV20 HI 9.18 3/4<br>
</u></div>
<div><u> LOW 8.68 3/4 LOW 9.09 1/2<br>
</u></div>
<div><u> CLOSE8.77 Up 4 1/2 CLOSE 9.16 1/2 Up 4 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP<br>
</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +MAR2+MAY2+MAY20<br>
</u></div>
<div><u>CK Low 2.25 11.02 404.922.15 11.32 415.76<br>
</u></div>
<div><u>CK High 2.36 11.13 408.962.20 11.37 417.59<br>
</u></div>
<div><u>CK Average 2.31 -0.4411.08 407.122.18 -0.6411.34 416.80<br>
</u></div>
<div><u>Essex Cty 2.35 11.12 408.592.20 11.37 417.59<br>
</u></div>
<div><u>Mdsx Low 2.25 11.02 404.922.15 11.32 415.76<br>
</u></div>
<div><u>Mdsx High 2.37 11.14 409.322.15 11.32 415.76<br>
</u></div>
<div><u>Mdsx Average 2.31 -0.4411.08 407.122.15 -0.6611.32 415.76<br>
</u></div>
<div><u>Hensall 2.28 11.05 405.832.18 11.34 416.67<br>
</u></div>
<div><u>Bruce 2.30 11.07 406.752.15 11.32 415.76<br>
</u></div>
<div><u>Putnam 2.25 11.02 404.922.15 11.32 415.76<br>
</u></div>
<div><u>Burford 2.44 11.21 411.902.22 11.39 418.33<br>
</u></div>
<div><u>Port Perry 2.36 11.13 408.962.14 11.31 415.39<br>
</u></div>
<div><u>Norfolk 2.35 11.12 408.592.20 11.37 417.59<br>
</u></div>
<div><u>Palmerston 2.37 11.14 409.322.23 11.40 418.69<br>
</u></div>
<div><u>Varna 2.30 11.07 406.752.20 11.37 417.59<br>
</u></div>
<div><u>Trenton 2.25 11.02 404.922.20 11.37 417.59<br>
</u></div>
<div><u>Winchester 2.27 11.04 405.652.22 11.39 418.33<br>
</u></div>
<div><u>North Gower 2.26 11.03 405.282.28 11.45 420.53<br>
</u></div>
<div><u>Huron FOB 2.45 11.22 412.262.30 11.47 421.27<br>
</u></div>
<div><u>Kent FOB 2.50 11.27 414.102.20 11.37 417.59<br>
</u></div>
<div><u>Lambton FOB 2.45 11.22 412.262.35 11.52 423.10<br>
</u></div>
<div><u>Middlesex FOB2.59 2.55 N/A N/A 11.36 417.412.33 11.50 422.37<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.03 11.80 433.582.56 11.73 430.82<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.85 11.62 426.962.65 11.82 434.13<br>
</u></div>
<div><u>Prescott N/A 2.50 11.67 428.62<br>
</u></div>
<div><u>Port Colborne2.63 11.40 418.882.68 11.85 435.23<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.77 322.24-0.40 8.77 322.10<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3298 up 0.0055<br>
</u></div>
<div><u>Chicago wheat closed slightly higher.<br>
</u></div>
<div><u>MAR20 HI 5.58 JUL20 HI 5.55 3/4<br>
</u></div>
<div><u> LOW 5.46 1/2 LOW 5.46 1/2<br>
</u></div>
<div><u> CLOSE 5.55 1/2 Up 1 3/4 CLOSE 5.53 1/2 Up 1<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower to steady.<br>
</u></div>
<div><u>MAR20 HI 5.35 1/2 SEP20 HI 5.61 1/4<br>
</u></div>
<div><u> LOW 5.30 1/2 LOW 5.58 3/4<br>
</u></div>
<div><u> CLOSE 5.33 Down 3/4 CLOSE 5.61 Unchanged<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 2.10 2.30 2.10 1.36<br>
</u></div>
<div><u>CAD $/bu 7.65 7.85 7.65 6.69<br>
</u></div>
<div><u>CAD $/tonne 281.20 288.53 281.20 245.77<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2019 Harvest 2020<br>
</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS<br>
</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</u></div>
<div><u>ELEVATORS<br>
</u></div>
<div><u>Brgssvll N/A N/A N/A N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>London 1.93 2.33 1.93 N/A 1.46 1.72 1.26 N/A<br>
</u></div>
<div><u>Hensall 1.85 N/A 1.85 N/A 1.45 N/A 1.25 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Bruce 1.85 2.10 1.85 1.80 1.45 1.65 1.20 1.20<br>
</u></div>
<div><u>Essex N/A N/A 1.85 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Norwich 1.85 N/A 1.85 N/A 1.45 N/A 1.25 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.80 N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Kent Bridge 1.85 N/A 1.85 N/A 1.45 N/A 1.25 N/A<br>
</u></div>
<div><u>Chatham N/A N/A 1.85 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.85 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Palmerston N/A N/A 1.90 1.83 N/A N/A 1.31 1.25<br>
</u></div>
<div><u>Varna 1.95 2.10 1.85 N/A 1.45 1.65 1.25 N/A<br>
</u></div>
<div><u>Mitchell 1.85 2.20 1.85 N/A 1.45 1.60 1.25 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 2.11 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.90 1.75 0.95 N/A 1.81 1.46 0.95<br>
</u></div>
<div><u>W O Feed 2.54<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.27 N/A N/A N/A 1.66 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.23 N/A N/A N/A 1.96 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.71US 7.59CA 5.64US 7.49CA<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 1.63 1.89 1.56 1.05<br>
</u></div>
<div><u>CAD $/bu 7.16 7.43 7.10 6.66<br>
</u></div>
<div><u>CAD $/tonne 263.15 272.93 260.71 244.83<br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures<br>
</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange<br>
</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS<br>
</u></div>
<div><u>FOB Hm Soymeal 434.10<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 235.00<br>
</u></div>
<u><span></span><br>
</u></div>
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<div style="margin-top: 0px; margin-bottom: 0px;">
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
</span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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