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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 4<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 1.3283 down 0.0015<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.83 1/2 DEC20 HI 3.93 1/2<br>
</u></div>
<div><u> LOW 3.78 1/4 LOW 3.89 1/2<br>
</u></div>
<div><u> CLOSE3.82 1/4 Up 3 1/2 CLOSE 3.92 3/4 Up 3 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 5.17 203.63 0.85 4.78 188.08<br>
</u></div>
<div><u>CK High 1.40 5.22 205.60 0.90 4.83 190.05<br>
</u></div>
<div><u>CK Avg 1.37 0.08 5.19 204.29 0.87 -0.32 4.79 188.74<br>
</u></div>
<div><u>Essex Cty 1.40 5.22 205.60 0.90 4.83 190.05<br>
</u></div>
<div><u>Mdsx Low 1.35 5.17 203.63 0.85 4.78 188.08<br>
</u></div>
<div><u>Mdsx High 1.35 5.17 203.63 0.85 4.78 188.08<br>
</u></div>
<div><u>Mdsx Avg 1.35 0.07 5.17 203.63 0.85 -0.33 4.78 188.08<br>
</u></div>
<div><u>Hensall 1.40 5.22 205.60 0.90 4.83 190.05<br>
</u></div>
<div><u>Bruce 1.40 5.22 205.60 0.90 4.83 190.05<br>
</u></div>
<div><u>Putnam 1.35 5.17 203.63 0.85 4.78 188.08<br>
</u></div>
<div><u>Burford 1.35 5.17 203.63 0.85 4.78 188.08<br>
</u></div>
<div><u>Port Perry 1.40 5.22 205.60 0.95 4.88 192.02<br>
</u></div>
<div><u>Norfolk 1.40 5.22 205.60 0.90 4.83 190.05<br>
</u></div>
<div><u>Palmerston 1.38 5.20 204.81 0.95 4.88 192.02<br>
</u></div>
<div><u>Varna 1.40 5.22 205.60 0.90 4.83 190.05<br>
</u></div>
<div><u>Trenton 1.45 5.27 207.57 1.00 4.93 193.99<br>
</u></div>
<div><u>Winchester 1.45 5.27 207.57 1.31 5.24 206.19<br>
</u></div>
<div><u>North Gower 1.43 5.25 206.78 1.35 5.28 207.77<br>
</u></div>
<div><u>Huron FOB 1.55 5.37 211.51 0.90 4.83 190.05<br>
</u></div>
<div><u>Kent FOB 1.63 5.45 214.66 0.90 4.83 190.05<br>
</u></div>
<div><u>Lamb FOB 1.59 5.41 213.08 0.98 4.91 193.20<br>
</u></div>
<div><u>Mdsx FOB 1.65 1.70N/A N/A 5.47 215.44 0.90 4.83 190.05<br>
</u></div>
<div><u>FOB SW Que 2.24 6.06 238.67N/A<br>
</u></div>
<div><u>Track 1.83 5.65 222.33N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.11 5.04 198.32<br>
</u></div>
<div><u>Jhnstwn-Eth 2.00 2.09 2.15 2.18 5.82 229.22 1.57 5.50 216.43<br>
</u></div>
<div><u>Aylmer-Eth 1.72N/A N/A N/A 5.54 218.20 1.05 4.98 195.96<br>
</u></div>
<div><u>Sarn-Eth 1.60N/A N/A N/A 5.42 213.47N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A 1.90 1.30 5.23 205.80<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 2.10N/A 1.40 5.33 209.73<br>
</u></div>
<div><u>W O Feed 1.96 5.78 227.73<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.24 6.06 238.67<br>
</u></div>
<div><u>Toledo El. 0.31 4.13 162.51 -0.27 3.66 144.16<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.42 213.47 1.15 5.08 199.89<br>
</u></div>
<div><u>Prescott 1.95 5.77 227.25 1.40 5.33209 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.37 1/2 5.19 3/4<br>
</u></div>
<div><u>HI SD CRN 1.40 5.22 1/4<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 1.3283 down 0.0015<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 8.87 NOV20 HI 9.24 3/4<br>
</u></div>
<div><u> LOW 8.73 3/4 LOW 9.13 1/4<br>
</u></div>
<div><u> CLOSE8.79 1/2 Up 2 1/2 CLOSE 9.18 1/4 Up 1 3/4<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 2.35 11.15 409.512.20 11.38 418.24<br>
</u></div>
<div><u>CK High 2.45 11.25 413.182.25 11.43 420.07<br>
</u></div>
<div><u>CK Average 2.43 -0.3511.22 412.392.24 -0.5811.42 419.71<br>
</u></div>
<div><u>Essex Cty 2.45 11.25 413.182.25 11.43 420.07<br>
</u></div>
<div><u>Mdsx Low 2.43 11.23 412.452.22 11.40 418.97<br>
</u></div>
<div><u>Mdsx High 2.45 11.25 413.182.25 11.43 420.07<br>
</u></div>
<div><u>Mdsx Average 2.44 -0.3411.24 412.822.24 -0.5811.42 419.52<br>
</u></div>
<div><u>Hensall 2.45 11.25 413.182.25 11.43 420.07<br>
</u></div>
<div><u>Bruce 2.45 11.25 413.182.25 11.43 420.07<br>
</u></div>
<div><u>Putnam 2.45 11.25 413.182.25 11.43 420.07<br>
</u></div>
<div><u>Burford 2.50 11.30 415.022.29 11.47 421.54<br>
</u></div>
<div><u>Port Perry 2.42 11.22 412.082.21 11.39 418.60<br>
</u></div>
<div><u>Norfolk 2.45 11.25 413.182.25 11.43 420.07<br>
</u></div>
<div><u>Palmerston 2.35 11.15 409.512.22 11.40 418.97<br>
</u></div>
<div><u>Varna 2.45 11.25 413.182.25 11.43 420.07<br>
</u></div>
<div><u>Trenton 2.25 11.05 405.832.20 11.38 418.24<br>
</u></div>
<div><u>Winchester 2.27 11.07 406.572.22 11.40 418.97<br>
</u></div>
<div><u>North Gower 2.26 11.06 406.202.28 11.46 421.17<br>
</u></div>
<div><u>Huron FOB 2.60 11.40 418.692.35 11.53 423.75<br>
</u></div>
<div><u>Kent FOB 2.65 11.45 420.532.25 11.43 420.07<br>
</u></div>
<div><u>Lambton FOB 2.60 11.40 418.692.40 11.58 425.58<br>
</u></div>
<div><u>Middlesex FOB2.50 2.56 N/A N/A 11.30 415.022.34 11.52 423.38<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.02 11.82 434.132.55 11.73 431.10<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.85 11.65 427.882.65 11.83 434.77<br>
</u></div>
<div><u>Prescott N/A 2.50 11.68 429.26<br>
</u></div>
<div><u>Port Colborne2.70 11.50 422.372.75 11.93 438.44<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.80 323.16-0.40 8.78 322.76<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3283 down 0.0015<br>
</u></div>
<div><u>Chicago wheat closed slightly higher.<br>
</u></div>
<div><u>MAR20 HI 5.64 1/4 JUL20 HI 5.60 3/4<br>
</u></div>
<div><u> LOW 5.53 1/2 LOW 5.52<br>
</u></div>
<div><u> CLOSE 5.57 1/4 Up 1 3/4 CLOSE 5.54 1/2 Up 1<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>MAR20 HI 5.41 SEP20 HI 5.66 3/4<br>
</u></div>
<div><u> LOW 5.31 LOW 5.58 3/4<br>
</u></div>
<div><u> CLOSE 5.31 3/4 Down 1 1/4 CLOSE 5.59 1/4 Down 1 3/4<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 2.29 2.10 1.35<br>
</u></div>
<div><u>CAD $/bu 7.67 7.87 7.67 6.66<br>
</u></div>
<div><u>CAD $/tonne 281.73 289.05 281.73 244.88<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 1.30 N/A<br>
</u></div>
<div><u>London 1.97 2.36 1.90 N/A 1.49 1.76 1.30 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 1.95 2.15 1.90 1.85 1.50 1.70 1.30 1.25<br>
</u></div>
<div><u>Essex N/A N/A 1.90 N/A N/A N/A 1.30 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 1.90 N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.90 N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Palmerston N/A N/A 1.89 1.81 N/A N/A 1.30 1.25<br>
</u></div>
<div><u>Varna 1.95 2.15 1.90 N/A 1.50 1.70 1.30 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 2.17 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 2.50<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.30 N/A N/A N/A 1.69 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 1.95 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.72US 7.60CA 5.65US 7.50CA<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 1.62 1.88 1.62 1.04<br>
</u></div>
<div><u>CAD $/bu 7.16 7.43 7.16 6.63<br>
</u></div>
<div><u>CAD $/tonne 263.24 273.00 263.24 243.60<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 432.66<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 235.00<br>
</u></div>
<u><span></span><br>
</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<span style="font-family: "Courier New"; font-size: 10pt;"><br>
</span></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><br>
</div>
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<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
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<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus</span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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