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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 5<br>
</u></span></div>
<div style="font-family:"Courier New",monospace; font-size:10pt; color:rgb(0,0,0)">
<span><u></u></span>
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.3296 up 0.0013<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.83 1/4 DEC20 HI 3.93 3/4<br>
</u></div>
<div><u> LOW 3.79 1/2 LOW 3.91 1/4<br>
</u></div>
<div><u> CLOSE3.80 3/4 Down 1 1/2 CLOSE 3.92 1/2 Down 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 5.16 203.04 0.85 4.78 187.98<br>
</u></div>
<div><u>CK High 1.40 5.21 205.01 0.90 4.83 189.95<br>
</u></div>
<div><u>CK Avg 1.38 0.10 5.19 204.35 0.88 -0.31 4.81 189.30<br>
</u></div>
<div><u>Essex Cty 1.40 5.21 205.01 0.90 4.83 189.95<br>
</u></div>
<div><u>Mdsx Low 1.35 5.16 203.04 0.85 4.78 187.98<br>
</u></div>
<div><u>Mdsx High 1.40 5.21 205.01 0.90 4.83 189.95<br>
</u></div>
<div><u>Mdsx Avg 1.38 0.09 5.18 204.03 0.88 -0.31 4.80 188.97<br>
</u></div>
<div><u>Hensall 1.40 5.21 205.01 0.90 4.83 189.95<br>
</u></div>
<div><u>Bruce 1.40 5.21 205.01 0.90 4.83 189.95<br>
</u></div>
<div><u>Putnam 1.35 5.16 203.04 0.85 4.78 187.98<br>
</u></div>
<div><u>Burford 1.40 5.21 205.01 0.90 4.83 189.95<br>
</u></div>
<div><u>Port Perry 1.40 5.21 205.01 0.95 4.88 191.92<br>
</u></div>
<div><u>Norfolk 1.40 5.21 205.01 0.90 4.83 189.95<br>
</u></div>
<div><u>Palmerston 1.39 5.20 204.62 0.96 4.89 192.31<br>
</u></div>
<div><u>Varna 1.40 5.21 205.01 0.90 4.83 189.95<br>
</u></div>
<div><u>Trenton 1.45 5.26 206.98 1.00 4.93 193.89<br>
</u></div>
<div><u>Winchester 1.45 5.26 206.98 1.35 5.28 207.67<br>
</u></div>
<div><u>North Gower 1.45 5.26 206.98 1.35 5.28 207.67<br>
</u></div>
<div><u>Huron FOB 1.65 5.46 214.85 0.97 4.90 192.71<br>
</u></div>
<div><u>Kent FOB 1.63 5.44 214.06 0.90 4.83 189.95<br>
</u></div>
<div><u>Lamb FOB 1.59 5.40 212.49 0.98 4.91 193.10<br>
</u></div>
<div><u>Mdsx FOB 1.65 1.65N/A N/A 5.46 214.85 0.95 4.88 191.92<br>
</u></div>
<div><u>FOB SW Que 2.26 6.07 238.87N/A<br>
</u></div>
<div><u>Track 1.83 5.63 221.74N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.11 5.04 198.22<br>
</u></div>
<div><u>Jhnstwn-Eth N/A 2.09 2.15 2.18 1.57 5.50 216.33<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Sarn-Eth 1.60 1.75 1.75 1.75 5.41 212.88N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A 1.90 1.30 5.23 205.70<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 5.33 209.64<br>
</u></div>
<div><u>W O Feed 1.97 5.78 227.45<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.25 6.06 238.47<br>
</u></div>
<div><u>Toledo El. 0.31 4.11 161.93 -0.27 3.66 144.06<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.41 212.88 1.15 5.08 199.79<br>
</u></div>
<div><u>Prescott 1.96 5.77 227.06 1.40 5.33209 5/8<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.37 1/2 5.18 1/4<br>
</u></div>
<div><u>HI SD CRN 1.40 5.20 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 1.3296 up 0.0013<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 8.88 NOV20 HI 9.27 1/4<br>
</u></div>
<div><u> LOW 8.78 LOW 9.18 1/4<br>
</u></div>
<div><u> CLOSE8.80 Up 1/2 CLOSE 9.20 1/4 Up 2<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 2.43 11.23 412.632.24 11.44 420.44<br>
</u></div>
<div><u>CK High 2.45 11.25 413.372.25 11.45 420.81<br>
</u></div>
<div><u>CK Average 2.45 -0.3411.25 413.242.25 -0.5911.45 420.75<br>
</u></div>
<div><u>Essex Cty 2.45 11.25 413.372.25 11.45 420.81<br>
</u></div>
<div><u>Mdsx Low 2.44 11.24 413.002.22 11.42 419.71<br>
</u></div>
<div><u>Mdsx High 2.45 11.25 413.372.25 11.45 420.81<br>
</u></div>
<div><u>Mdsx Average 2.45 -0.3411.25 413.182.24 -0.6011.44 420.26<br>
</u></div>
<div><u>Hensall 2.45 11.25 413.372.25 11.45 420.81<br>
</u></div>
<div><u>Bruce 2.45 11.25 413.372.25 11.45 420.81<br>
</u></div>
<div><u>Putnam 2.45 11.25 413.372.25 11.45 420.81<br>
</u></div>
<div><u>Burford 2.51 11.31 415.572.29 11.49 422.28<br>
</u></div>
<div><u>Port Perry 2.43 11.23 412.632.21 11.41 419.34<br>
</u></div>
<div><u>Norfolk 2.45 11.25 413.372.25 11.45 420.81<br>
</u></div>
<div><u>Palmerston 2.36 11.16 410.062.22 11.42 419.71<br>
</u></div>
<div><u>Varna 2.45 11.25 413.372.25 11.45 420.81<br>
</u></div>
<div><u>Trenton 2.40 11.20 411.532.25 11.45 420.81<br>
</u></div>
<div><u>Winchester 2.45 11.25 413.372.31 11.51 423.01<br>
</u></div>
<div><u>North Gower 2.26 11.06 406.392.28 11.48 421.91<br>
</u></div>
<div><u>Huron FOB 2.60 11.40 418.882.35 11.55 424.48<br>
</u></div>
<div><u>Kent FOB 2.65 11.45 420.722.25 11.45 420.81<br>
</u></div>
<div><u>Lambton FOB 2.60 11.40 418.882.40 11.60 426.32<br>
</u></div>
<div><u>Middlesex FOB2.56 2.63 N/A N/A 11.36 417.412.34 11.54 424.11<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.03 11.83 434.682.57 11.77 432.57<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.95 11.75 431.742.70 11.90 437.34<br>
</u></div>
<div><u>Prescott N/A 2.60 11.80 433.67<br>
</u></div>
<div><u>Port Colborne2.71 11.51 422.922.75 11.95 439.18<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.80 323.34-0.40 8.80 323.48<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3296 up 0.0013<br>
</u></div>
<div><u>Chicago wheat closed slightly higher.<br>
</u></div>
<div><u>MAR20 HI 5.63 3/4 JUL20 HI 5.60<br>
</u></div>
<div><u> LOW 5.55 1/2 LOW 5.53 1/2<br>
</u></div>
<div><u> CLOSE 5.62 Up 4 3/4 CLOSE 5.58 1/4 Up 3 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>MAR20 HI 5.37 SEP20 HI 5.62 3/4<br>
</u></div>
<div><u> LOW 5.32 LOW 5.59 1/4<br>
</u></div>
<div><u> CLOSE 5.35 1/4 Up 3 1/2 CLOSE 5.62 Up 2 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 2.12 2.32 2.12 1.37<br>
</u></div>
<div><u>CAD $/bu 7.74 7.94 7.74 6.72<br>
</u></div>
<div><u>CAD $/tonne 284.34 291.66 284.34 246.84<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 2.37 1.90 N/A 1.49 1.76 1.29 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 1.90 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 1.91 1.82 N/A N/A 1.32 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 2.18 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 1.56 0.95<br>
</u></div>
<div><u>W O Feed 2.53<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 2.25 N/A N/A N/A 1.97 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.77US 7.67CA 5.68US 7.55CA<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 1.64 1.90 1.64 1.05<br>
</u></div>
<div><u>CAD $/bu 7.22 7.49 7.22 6.67<br>
</u></div>
<div><u>CAD $/tonne 265.28 275.05 265.28 245.14<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 431.45<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 235.00<br>
</u></div>
<div><u><br>
</u></div>
<div>---</div>
<div>Ontario Grain Market Commentary for February 5, 2020</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div><br>
</div>
<div>
<div>Wednesday, February 5, 2020<br>
</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT<br>
</div>
<div>Corn CBOT Mar 3.80¨ú ¡é 3¨ö cents<br>
</div>
<div>Soybeans CBOT Mar 8.80 ¡é 13 cents<br>
</div>
<div>Wheat CBOT Mar 5.62 ¡é ¨ù cent<br>
</div>
<div>Wheat Minn. Mar 5.35¨ù ¡é ¨ö cent<br>
</div>
<div>Wheat Kansas Mar 4.73¨ú ¡è 1¨ú cents<br>
</div>
<div>Oats CBOT Mar 3.04¨ö ¡é 3¨ù cents<br>
</div>
<div><br>
</div>
<div>Canadian $ Mar 0.7523 ¡é 53 points<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>CORN: <br>
</div>
<div>China looks set to sell 2.96 million tonnes of corn from state reserves to ease food shortages in parts of their country. In an effort to control the spread of coronavirus, some local governments had imposed restrictions that have greatly limited feed
and live animal transports.<br>
</div>
<div>Zimbabwe is permitting genetically modified corn to be imported in order to alleviate widespread food shortages. This corn will be milled into corn meal, a national food staple, which is in short supply across the county. Zimbabwe will also ensure that
the genetically modified corn does not enter national seed stocks. Genetically modified corn is not grown in Sub-Saharan Africa except for South Africa.<br>
</div>
<div><br>
</div>
<div>SOYBEANS: <br>
</div>
<div>Soybean futures have risen in the month of February as the market recovers from recent lows. The gains are being tempered by fears that the coronavirus outbreak may limit demand.<br>
</div>
<div>Brazil¡¯s soybean production is expected to increase by 8% from the previous year. Strong yields and acreage increases have led to projections of 124 million tonnes of soybeans this year. For comparison, the U.S. soybean production has been pegged at 97
million tonnes this year.<br>
</div>
<div><br>
</div>
<div>WHEAT:<br>
</div>
<div>French wheat exports are at a six-year high in January. Approximately 1.33 million tonnes were exported, despite strikes and associated stoppages at the ports causing shipment delays. French wheat also represented the lowest bid offered to the latest
GASC bid at $231.50 per tonne on a free-on-board basis, for 60,000 tonnes of wheat.<br>
</div>
<div>U.S. flour production has fallen to a seven-year low. Production by U.S. flour mills totalled 422,277,000 cwts or approximately 19.2 million tonnes. Production is down 1.1% from 2018. Based on the National Agricultural Statistics Service data, mills operated
at an average of 83.2% of a six-day capacity in 2019, down from 84.7 from the previous year.<br>
</div>
<div><br>
</div>
<div>2019 cash prices for February 5, 2020, at the market close, are as follows:<br>
</div>
<div><br>
</div>
<div>SWW at $284.27/mt ($7.74/bu), HRW at $291.59/mt ($7.94/bu), <br>
</div>
<div>HRS at $246.78/mt ($6.72/bu), and SRW at $284.27/mt ($7.74/bu).<br>
</div>
<div><br>
</div>
<div>We currently offer 2020 and 2021 harvest prices as well, please call <br>
</div>
<div>1-800-265-0550 for more information.<br>
</div>
<div>---</div>
</div>
<div>
<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>
<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"">Fax. 519-674-1530<br>
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unsubscribe from this report.</span><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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