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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 20<br>
</u></span>
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.3255 up 0.0025<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.81 1/4 DEC20 HI 3.91 1/2<br>
</u></div>
<div><u> LOW 3.78 LOW 3.87 3/4<br>
</u></div>
<div><u> CLOSE3.78 1/2 Down 2 CLOSE 3.88 1/2 Down 2 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 1.40 5.19 204.12 0.90 4.79 188.38<br>
</u></div>
<div><u>CK High 1.40 5.19 204.12 0.90 4.79 188.38<br>
</u></div>
<div><u>CK Avg 1.40 0.13 5.19 204.12 0.90 -0.28 4.79 188.38<br>
</u></div>
<div><u>Essex Cty 1.40 5.19 204.12 0.90 4.79 188.38<br>
</u></div>
<div><u>Mdsx Low 1.40 5.19 204.12 0.90 4.79 188.38<br>
</u></div>
<div><u>Mdsx High 1.40 5.19 204.12 0.90 4.79 188.38<br>
</u></div>
<div><u>Mdsx Avg 1.40 0.13 5.19 204.12 0.90 -0.28 4.79 188.38<br>
</u></div>
<div><u>Hensall 1.43 5.21 205.11 0.93 4.81 189.36<br>
</u></div>
<div><u>Bruce 1.40 5.19 204.12 0.90 4.79 188.38<br>
</u></div>
<div><u>Putnam 1.40 5.19 204.12 0.90 4.79 188.38<br>
</u></div>
<div><u>Burford 1.40 5.19 204.12 0.90 4.79 188.38<br>
</u></div>
<div><u>Port Perry 1.40 5.19 204.12 0.95 4.84 190.35<br>
</u></div>
<div><u>Norfolk 1.40 5.19 204.12 0.90 4.79 188.38<br>
</u></div>
<div><u>Palmerston 1.39 5.18 203.73 0.94 4.83 189.95<br>
</u></div>
<div><u>Varna 1.40 5.19 204.12 0.90 4.79 188.38<br>
</u></div>
<div><u>Trenton 1.45 5.24 206.09 1.00 4.89 192.31<br>
</u></div>
<div><u>Winchester 1.45 5.24 206.09 1.40 5.29 208.06<br>
</u></div>
<div><u>North Gower 1.45 5.24 206.09 1.48 5.37 211.21<br>
</u></div>
<div><u>Huron FOB 1.58 5.37 211.21 0.97 4.86 191.13<br>
</u></div>
<div><u>Kent FOB 1.65 5.44 213.97 1.00 4.89 192.31<br>
</u></div>
<div><u>Lamb FOB 1.62 5.41 212.79 1.00 4.89 192.31<br>
</u></div>
<div><u>Mdsx FOB 1.65 1.65 1.65 1.70 5.44 213.97 0.95 4.84 190.35<br>
</u></div>
<div><u>FOB SW Que 2.17 5.96 234.44N/A<br>
</u></div>
<div><u>Track 1.80 5.59 219.87N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.22 5.11 200.97<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.40 5.29 208.06<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 5.39 212.00N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A 1.90 1.30 5.19 204.12<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 N/A N/A N/A 1.40 5.29 208.06<br>
</u></div>
<div><u>W O Feed 1.92 5.71 224.67<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.22 6.01 236.41<br>
</u></div>
<div><u>Toledo El. 0.30 4.09 161.01 -0.27 3.62 142.51<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.39 212.00 1.15 5.04 198.22<br>
</u></div>
<div><u>Prescott 2.00 5.79 227.75 1.50 5.39212<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 5.18 1/2<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 1.3255 up 0.0025<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 8.98 NOV20 HI 9.22 1/4<br>
</u></div>
<div><u> LOW 8.91 1/4 LOW 9.16<br>
</u></div>
<div><u> CLOSE8.92 3/4 Down 4 1/2 CLOSE 9.17 1/2 Down 5 1/2<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 2.49 11.42 419.522.25 11.43 419.80<br>
</u></div>
<div><u>CK High 2.50 11.43 419.892.27 11.45 420.53<br>
</u></div>
<div><u>CK Average 2.50 -0.3111.43 419.832.25 -0.5511.43 419.92<br>
</u></div>
<div><u>Essex Cty 2.50 11.43 419.892.25 11.43 419.80<br>
</u></div>
<div><u>Mdsx Low 2.50 11.43 419.892.25 11.43 419.80<br>
</u></div>
<div><u>Mdsx High 2.50 11.43 419.892.25 11.43 419.80<br>
</u></div>
<div><u>Mdsx Average 2.50 -0.3111.43 419.892.25 -0.5611.43 419.80<br>
</u></div>
<div><u>Hensall 2.50 11.43 419.892.25 11.43 419.80<br>
</u></div>
<div><u>Bruce 2.50 11.43 419.892.25 11.43 419.80<br>
</u></div>
<div><u>Putnam 2.50 11.43 419.892.25 11.43 419.80<br>
</u></div>
<div><u>Burford 2.57 11.50 422.462.32 11.50 422.37<br>
</u></div>
<div><u>Port Perry 2.49 11.42 419.522.24 11.42 419.43<br>
</u></div>
<div><u>Norfolk 2.50 11.43 419.892.25 11.43 419.80<br>
</u></div>
<div><u>Palmerston 2.51 11.44 420.262.33 11.51 422.74<br>
</u></div>
<div><u>Varna 2.50 11.43 419.892.25 11.43 419.80<br>
</u></div>
<div><u>Trenton 2.45 11.38 418.052.25 11.43 419.80<br>
</u></div>
<div><u>Winchester 2.45 11.38 418.052.30 11.48 421.63<br>
</u></div>
<div><u>North Gower 2.42 11.35 416.952.33 11.51 422.74<br>
</u></div>
<div><u>Huron FOB 2.65 11.58 425.402.35 11.53 423.47<br>
</u></div>
<div><u>Kent FOB 2.65 11.58 425.402.25 11.43 419.80<br>
</u></div>
<div><u>Lambton FOB 2.65 11.58 425.402.45 11.63 427.15<br>
</u></div>
<div><u>Middlesex FOB2.70 2.70 2.51 N/A 11.63 427.242.37 11.55 424.21<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.03 11.96 439.362.52 11.70 429.72<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.05 11.98 440.102.70 11.88 436.33<br>
</u></div>
<div><u>Prescott N/A 2.55 11.73 430.82<br>
</u></div>
<div><u>Port Colborne2.71 11.64 427.602.78 11.96 439.27<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.13 9.06 332.90-0.40 8.78 322.51<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3255 up 0.0025<br>
</u></div>
<div><u>Chicago wheat closed slightly lower.<br>
</u></div>
<div><u>MAR20 HI 5.67 1/2 JUL20 HI 5.63 1/2<br>
</u></div>
<div><u> LOW 5.58 1/4 LOW 5.55 3/4<br>
</u></div>
<div><u> CLOSE 5.60 Down 5 1/4 CLOSE 5.58 3/4 Down 2 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.<br>
</u></div>
<div><u>MAR20 HI 5.36 SEP20 HI 5.63 3/4<br>
</u></div>
<div><u> LOW 5.29 LOW 5.58 1/4<br>
</u></div>
<div><u> CLOSE 5.29 1/2 Down 6 3/4 CLOSE 5.58 1/2 Down 6<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 2.09 2.29 2.09 1.33<br>
</u></div>
<div><u>CAD $/bu 7.69 7.89 7.69 6.62<br>
</u></div>
<div><u>CAD $/tonne 282.48 289.78 282.48 243.27<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 1.96 2.35 1.89 N/A 1.48 1.75 1.28 N/A<br>
</u></div>
<div><u>Hensall 1.90 N/A 1.90 N/A 1.50 N/A 1.30 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 2.10 1.90 1.85 1.45 1.65 1.25 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 1.90 N/A 1.90 N/A 1.50 N/A 1.30 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 1.90 N/A 1.90 N/A 1.50 N/A 1.30 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 1.80 N/A N/A 1.30 1.23<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 1.90 2.15 1.90 N/A 1.50 1.65 1.30 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 2.21 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 2.00 1.85 1.00 N/A 1.81 1.56 0.95<br>
</u></div>
<div><u>W O Feed 2.45<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.29 N/A N/A N/A 1.68 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.15 N/A N/A N/A 1.95 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.75US 7.62CA 5.69US 7.54CA<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 1.89 1.62 1.09<br>
</u></div>
<div><u>CAD $/bu 7.21 7.47 7.21 6.67<br>
</u></div>
<div><u>CAD $/tonne 264.86 274.60 264.86 245.25<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 443.47<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 235.00<br>
</u></div>
<div><u><br>
</u></div>
<div>
<p style="text-decoration-line: underline; margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;">
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<span style="font-size:10.0pt; font-family:
"Courier New"; color:#333333; background:#FDFDFD"><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: 10pt; 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
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<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
</span></p>
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