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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 21<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 1.3211 down 0.0044<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.80 1/2 DEC20 HI 3.89 1/2<br>
</u></div>
<div><u> LOW 3.76 1/4 LOW 3.85 1/4<br>
</u></div>
<div><u> CLOSE3.77 Down 1 1/2 CLOSE 3.86 Down 2 1/2<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 5.17 203.53 0.90 4.76 187.39<br>
</u></div>
<div><u>CK High 1.40 5.17 203.53 0.90 4.76 187.39<br>
</u></div>
<div><u>CK Avg 1.40 0.14 5.17 203.53 0.90 -0.26 4.76 187.39<br>
</u></div>
<div><u>Essex Cty 1.40 5.17 203.53 0.90 4.76 187.39<br>
</u></div>
<div><u>Mdsx Low 1.40 5.17 203.53 0.90 4.76 187.39<br>
</u></div>
<div><u>Mdsx High 1.40 5.17 203.53 0.90 4.76 187.39<br>
</u></div>
<div><u>Mdsx Avg 1.40 0.14 5.17 203.53 0.90 -0.26 4.76 187.39<br>
</u></div>
<div><u>Hensall 1.43 5.20 204.52 0.93 4.79 188.38<br>
</u></div>
<div><u>Bruce 1.40 5.17 203.53 0.90 4.76 187.39<br>
</u></div>
<div><u>Putnam 1.40 5.17 203.53 0.90 4.76 187.39<br>
</u></div>
<div><u>Burford 1.40 5.17 203.53 0.90 4.76 187.39<br>
</u></div>
<div><u>Port Perry 1.40 5.17 203.53 0.95 4.81 189.36<br>
</u></div>
<div><u>Norfolk 1.40 5.17 203.53 0.90 4.76 187.39<br>
</u></div>
<div><u>Palmerston 1.37 5.14 202.35 0.91 4.77 187.79<br>
</u></div>
<div><u>Varna 1.40 5.17 203.53 0.90 4.76 187.39<br>
</u></div>
<div><u>Trenton 1.45 5.22 205.50 1.00 4.86 191.33<br>
</u></div>
<div><u>Winchester 1.45 5.22 205.50 1.40 5.26 207.08<br>
</u></div>
<div><u>North Gower 1.45 5.22 205.50 1.40 5.26 207.08<br>
</u></div>
<div><u>Huron FOB 1.58 5.35 210.62 0.97 4.83 190.15<br>
</u></div>
<div><u>Kent FOB 1.65 5.42 213.38 1.00 4.86 191.33<br>
</u></div>
<div><u>Lamb FOB 1.62 5.39 212.19 1.00 4.86 191.33<br>
</u></div>
<div><u>Mdsx FOB 1.65 1.65N/A N/A 5.42 213.38 1.00 4.86 191.33<br>
</u></div>
<div><u>FOB SW Que 2.20 5.97 235.03N/A<br>
</u></div>
<div><u>Track 1.79 5.56 218.69N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.22 5.08 199.99<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.40 5.26 207.08<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 5.37 211.41N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A 1.90 1.30 5.16 203.14<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 5.26 207.08<br>
</u></div>
<div><u>W O Feed 1.91 5.68 223.53<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.20 5.97 235.03<br>
</u></div>
<div><u>Toledo El. 0.30 4.07 160.38 -0.26 3.60 141.56<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.37 211.41 1.15 5.01 197.23<br>
</u></div>
<div><u>Prescott 2.00 5.77 227.15 1.50 5.36211<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 5.17<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 1.3211 down 0.0044<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower to steady.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 9.02 NOV20 HI 9.24 1/2<br>
</u></div>
<div><u> LOW 8.87 1/2 LOW 9.15 3/4<br>
</u></div>
<div><u> CLOSE8.90 1/2 Down 2 1/4 CLOSE 9.17 1/2 Unchanged<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 2.50 11.41 419.062.25 11.43 419.80<br>
</u></div>
<div><u>CK High 2.50 11.41 419.062.27 11.45 420.53<br>
</u></div>
<div><u>CK Average 2.50 -0.2711.41 419.062.25 -0.5211.43 419.92<br>
</u></div>
<div><u>Essex Cty 2.50 11.41 419.062.25 11.43 419.80<br>
</u></div>
<div><u>Mdsx Low 2.50 11.41 419.062.25 11.43 419.80<br>
</u></div>
<div><u>Mdsx High 2.51 11.42 419.432.25 11.43 419.80<br>
</u></div>
<div><u>Mdsx Average 2.51 -0.2711.41 419.252.25 -0.5311.43 419.80<br>
</u></div>
<div><u>Hensall 2.50 11.41 419.062.25 11.43 419.80<br>
</u></div>
<div><u>Bruce 2.50 11.41 419.062.25 11.43 419.80<br>
</u></div>
<div><u>Putnam 2.50 11.41 419.062.25 11.43 419.80<br>
</u></div>
<div><u>Burford 2.58 11.49 422.002.32 11.50 422.37<br>
</u></div>
<div><u>Port Perry 2.50 11.41 419.062.24 11.42 419.43<br>
</u></div>
<div><u>Norfolk 2.50 11.41 419.062.25 11.43 419.80<br>
</u></div>
<div><u>Palmerston 2.46 11.37 417.592.30 11.48 421.63<br>
</u></div>
<div><u>Varna 2.50 11.41 419.062.25 11.43 419.80<br>
</u></div>
<div><u>Trenton 2.45 11.36 417.222.25 11.43 419.80<br>
</u></div>
<div><u>Winchester 2.45 11.36 417.222.30 11.48 421.63<br>
</u></div>
<div><u>North Gower 2.42 11.33 416.122.33 11.51 422.74<br>
</u></div>
<div><u>Huron FOB 2.65 11.56 424.572.35 11.53 423.47<br>
</u></div>
<div><u>Kent FOB 2.65 11.56 424.572.25 11.43 419.80<br>
</u></div>
<div><u>Lambton FOB 2.70 11.61 426.412.45 11.63 427.15<br>
</u></div>
<div><u>Middlesex FOB2.71 2.71 2.59 N/A 11.62 426.782.37 11.55 424.21<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.99 11.90 437.072.48 11.66 428.25<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.05 11.96 439.272.70 11.88 436.33<br>
</u></div>
<div><u>Prescott N/A 2.55 11.73 430.82<br>
</u></div>
<div><u>Port Colborne2.72 11.63 427.152.78 11.96 439.27<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.13 9.04 332.06-0.40 8.78 322.56<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3211 down 0.0044<br>
</u></div>
<div><u>Chicago wheat closed moderately lower.<br>
</u></div>
<div><u>MAR20 HI 5.69 JUL20 HI 5.67<br>
</u></div>
<div><u> LOW 5.50 1/2 LOW 5.51 1/4<br>
</u></div>
<div><u> CLOSE 5.51 Down 9 CLOSE 5.52 Down 6 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>MAR20 HI 5.35 3/4 SEP20 HI 5.63 1/2<br>
</u></div>
<div><u> LOW 5.25 LOW 5.55 1/2<br>
</u></div>
<div><u> CLOSE 5.26 Down 3 1/2 CLOSE 5.56 1/4 Down 2 1/4<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 2.03 2.23 2.03 1.29<br>
</u></div>
<div><u>CAD $/bu 7.54 7.74 7.54 6.55<br>
</u></div>
<div><u>CAD $/tonne 277.17 284.45 277.17 240.77<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 1.96 2.36 1.90 N/A 1.50 1.76 1.30 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 1.95 2.15 1.95 1.90 1.50 1.70 1.30 1.30<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 1.83 1.75 N/A N/A 1.26 1.19<br>
</u></div>
<div><u>Varna 2.00 2.15 1.90 N/A 1.50 1.70 1.30 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 2.16 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 2.42<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 1.70 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.10 N/A N/A N/A 1.90 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.66US 7.48CA 5.62US 7.42CA<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 1.57 1.84 1.57 1.06<br>
</u></div>
<div><u>CAD $/bu 7.09 7.36 7.09 6.62<br>
</u></div>
<div><u>CAD $/tonne 260.62 270.32 260.62 243.27<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 439.61<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);">
<u><br>
</u></div>
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<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<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
</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;">
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