<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=ks_c_5601-1987">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 10</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2692 down 0.0006</u></div>
<div><u>Chicago corn closed moderately to sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.56 1/4 DEC21 HI 4.55 1/4</u></div>
<div><u> LOW 5.31 3/4 LOW 4.44</u></div>
<div><u> CLOSE5.34 1/2 Down 21 3/4 CLOSE 4.48 Down 7 3/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAY21+MAY21+JUL21</u></div>
<div><u>CK Low 1.45 6.80 267.51 0.95 5.43 213.77</u></div>
<div><u>CK High 1.45 6.80 267.51 0.95 5.43 213.77</u></div>
<div><u>CK Avg 1.45 0.01 6.80 267.51 0.95 -0.20 5.43 213.77</u></div>
<div><u>Essex Cty 1.45 6.80 267.51 0.95 5.43 213.77</u></div>
<div><u>Mdsx Low 1.45 6.80 267.51 0.95 5.43 213.77</u></div>
<div><u>Mdsx High 1.45 6.80 267.51 0.95 5.43 213.77</u></div>
<div><u>Mdsx Avg 1.45 0.01 6.80 267.51 0.95 -0.20 5.43 213.77</u></div>
<div><u>Hensall 1.47 6.81 268.16 0.97 5.45 214.43</u></div>
<div><u>Bruce 1.45 6.80 267.51 0.95 5.43 213.77</u></div>
<div><u>Putnam 1.45 6.80 267.51 0.95 5.43 213.77</u></div>
<div><u>Burford 1.45 6.80 267.51 0.95 5.43 213.77</u></div>
<div><u>Port Perry 1.50 6.85 269.48 1.00 5.48 215.74</u></div>
<div><u>Norfolk 1.45 6.80 267.51 0.95 5.43 213.77</u></div>
<div><u>Palmerston 1.37 6.72 264.36 0.95 5.43 213.77</u></div>
<div><u>Varna 1.45 6.80 267.51 0.95 5.43 213.77</u></div>
<div><u>Trenton 1.45 6.80 267.51 1.00 5.48 215.74</u></div>
<div><u>Winchester 1.50 6.85 269.48 1.30 5.78 227.55</u></div>
<div><u>North Gower 1.49 6.84 269.08 1.28 5.76 226.76</u></div>
<div><u>Vankleek Hil 1.62 6.97 274.20 1.03 5.51 216.92</u></div>
<div><u>Huron FOB 1.55 1.59 1.63 1.72 6.90 271.44 0.97 5.45 214.56</u></div>
<div><u>Kent FOB 1.65 7.00 275.38 1.05 5.53 217.71</u></div>
<div><u>Lamb FOB N/A 1.00 5.48 215.74</u></div>
<div><u>Mdsx FOB 1.60N/A N/A N/A 6.95 273.41 1.05 5.53 217.71</u></div>
<div><u>FOB SW Que 2.10 7.45 293.10N/A</u></div>
<div><u>Track 1.83 7.18 282.47N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.27 5.75 226.37</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.62 6.10 240.15</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.95 1.20 5.68 223.61</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A 2.10 1.35 5.83 229.52</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 2.30 1.60 6.08 239.36</u></div>
<div><u>W O Feed 1.99 7.33 288.69</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.07 7.42 291.92</u></div>
<div><u>Toledo El. -0.09 5.26 206.93 -0.25 4.23 166.38</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.95 7.30 287.19 1.35 5.83 229.52</u></div>
<div><u>Prescott N/A 1.46 5.94 233.85</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 6.79 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2692 down 0.0006</u></div>
<div><u>Chicago soybeans closed slightly to sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 14.04 3/4 NOV21 HI 11.91</u></div>
<div><u> LOW 13.52 1/4 LOW 11.60</u></div>
<div><u> CLOSE13.54 Down 47 3/4 CLOSE 11.63 1/2 Down 27 1/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAR21+MAY21+MAY21</u></div>
<div><u>CK Low 3.29 16.83 618.40 2.70 14.34 526.72</u></div>
<div><u>CK High 3.35 16.89 620.60 2.80 14.44 530.40</u></div>
<div><u>CK Average 3.33 -0.25 16.87 619.93 2.77 -0.29 14.40 529.17</u></div>
<div><u>Essex Cty 3.30 16.84 618.76 2.65 14.29 524.88</u></div>
<div><u>Mdsx Low 3.27 16.81 617.66 2.68 14.32 525.99</u></div>
<div><u>Mdsx High 3.35 16.89 620.60 2.80 14.44 530.40</u></div>
<div><u>Mdsx Average3.31 -0.26 16.85 619.13 2.74 -0.31 14.38 528.19</u></div>
<div><u>Hensall 3.35 16.89 620.60 2.77 14.40 529.17</u></div>
<div><u>Bruce 3.35 16.89 620.60 2.80 14.44 530.40</u></div>
<div><u>Putnam 3.35 16.89 620.60 2.80 14.44 530.40</u></div>
<div><u>Burford 3.34 16.88 620.23 2.75 14.39 528.56</u></div>
<div><u>Port Perry 3.26 16.80 617.29 2.67 14.31 525.62</u></div>
<div><u>Norfolk 3.30 16.84 618.76 2.75 14.39 528.56</u></div>
<div><u>Palmerston 3.27 16.81 617.66 2.75 14.39 528.56</u></div>
<div><u>Varna 3.35 16.89 620.60 2.75 14.39 528.56</u></div>
<div><u>Trenton 3.30 16.84 618.76 2.75 14.39 528.56</u></div>
<div><u>Winchester 3.38 16.92 621.70 2.79 14.43 530.03</u></div>
<div><u>North Gower 3.40 16.94 622.44 2.85 14.49 532.23</u></div>
<div><u>Vankleek Hil3.28 16.82 618.03 2.66 14.30 525.25</u></div>
<div><u>Huron FOB 3.47 3.47 3.53 3.53 17.01 625.01 2.78 14.42 529.66</u></div>
<div><u>Kent FOB 3.40 16.94 622.44 2.75 14.39 528.56</u></div>
<div><u>Lambton FOB 3.60 17.14 629.79 3.00 14.64 537.74</u></div>
<div><u>Mdsx FOB 3.44 3.50 N/A N/A 16.98 623.91 2.87 14.51 532.97</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.66 17.20 631.99 2.94 14.58 535.54</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.80 17.34 637.14 3.20 14.84 545.09</u></div>
<div><u>Prescott N/A 3.03 14.67 538.85</u></div>
<div><u>Port Colborn3.79 17.33 636.77 3.28 14.92 548.03</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 13.41 492.85 -0.44 11.19 411.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2692 down 0.0006</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>MAR21 HI 6.50 1/2 JUL21 HI 6.42</u></div>
<div><u> LOW 6.26 3/4 LOW 6.21 3/4</u></div>
<div><u> CLOSE 6.35 1/2 Down 14 CLOSE 6.29 1/2 Down 11 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAR21 HI 6.30 1/2 SEP21 HI 6.53 3/4</u></div>
<div><u> LOW 6.14 1/4 LOW 6.40</u></div>
<div><u> CLOSE 6.18 3/4 Down 7 3/4 CLOSE 6.44 1/4 Down 7 3/4</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2020 Harvest 2021</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 1.40 N/A N/A N/A 1.10 N/A</u></div>
<div><u>London 1.33 1.26 1.26 N/A 1.24 1.24 1.05 N/A</u></div>
<div><u>Hensall 1.45 N/A 1.40 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A</u></div>
<div><u>Bruce 1.40 1.40 1.40 1.40 1.30 1.30 1.10 1.30</u></div>
<div><u>Essex N/A N/A 1.30 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Norwich 1.45 N/A 1.40 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 1.10 N/A</u></div>
<div><u>Kent Bridge 1.45 N/A 1.40 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Chatham N/A N/A 1.30 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 1.30 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A 1.13 1.32 1.34 N/A 1.24 1.05 1.28</u></div>
<div><u>Varna 1.40 1.45 1.35 N/A 1.30 1.35 1.05 N/A</u></div>
<div><u>Mitchell 1.45 1.55 1.40 N/A 1.35 1.30 1.10 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.06 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.17 1.17 0.90 N/A 1.15 1.15 1.11</u></div>
<div><u>W O Feed 1.96</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.72 N/A N/A N/A 1.38 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.71 N/A N/A N/A 1.69 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.36US 8.07CA 6.25US 7.92CA</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 630.86</u></div>
<div><u>DDG's FOB Srn & Aylm 360.00 </u></div>
<div><u><br>
</u></div>
<div>---</div>
<div><br>
</div>
<div>Ontario Grain Market Commentary for February 10, 2021</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div><br>
</div>
<div><br>
</div>
<div>
<div style="">COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div style="">Corn CBOT Mar 5.34 ¨ö ¡é 17 ¨ö Cents</div>
<div style="">Soybeans CBOT Mar 13.54 ¡é 17 ¨ù Cents</div>
<div style="">Wheat CBOT Mar 6.35 ¨ö ¡é 10 ¨ö Cent</div>
<div style="">Wheat Minn. Mar 6.18 ¨ú ¡é 6 ¨ù Cents</div>
<div style="">Wheat Kansas Mar 6.14 ¡é 11 ¨ù Cents</div>
<div style="">Oats CBOT Mar 3.48 ¨ù ¡é ¨ú Cents</div>
<div style=""></div>
<div style="">Canadian $ Mar 0.7879 ¡è 50 Points</div>
<div style=""><br>
</div>
<div style="">CORN: </div>
<div style="">The USDA released its latest WASDE report on February 9. Corn exports increased by 50 million tonnes from the previous report in January. The increase in demand led to reducing the carryout by 50 million bushels to 1.5 billion bushels. The previous
year's carryout totaled 1.9 billion bushels. Production was higher than the previous year; demand was even stronger. The trade was expecting a much lower carryout than what was reported by the USDA.</div>
<div style=""><br>
</div>
<div style="">SOYBEANS: </div>
<div style="">The USDA increased soybean exports by 20 million bushels from their January estimates. This increase in exports brings the estimated year-end carryout to 120 million bushels. The trade was anticipating a carryout of 123 million bushels.</div>
<div style="">Brazilian soybean harvest continues at a slow pace. Approximately 4% of the crop has been harvested, compared to 16% last year. This has been reported to be the slowest harvest pace in a decade.</div>
<div style=""><br>
</div>
<div style="">WHEAT:</div>
<div style="">The USDA WASDE report did not adjust the U.S. domestic balance sheet this month. Carryout remains at 836 million bushels. There was some adjustment by wheat class, but these adjustments offset each other. Last year, the carryout was 1.03 billion
bushels. Stronger demand coupled with lower production has led to a reduction in overall carryout.
</div>
<div style=""><br>
</div>
<div style="">----</div>
<div style=""><br>
</div>
<div style="">
<p class="MsoNoSpacing" 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<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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
<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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 class="MsoNoSpacing" 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><o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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
<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"><span style="color:#333333"> </span></span></span><span class="object"><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="color:#333333;background:#FDFDFD"> </span></span><span style="background:#FDFDFD"> to
unsubscribe from this report.</span><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p> </o:p></span></span></p>
<br>
</div>
<div style=""><br>
</div>
<br>
</div>
</div>
</body>
</html>