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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 16</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 1.2683 down 0.0020</u></div>
<div><u>Chicago corn closed higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.52 3/4 DEC21 HI 4.57 3/4</u></div>
<div><u> LOW 5.38 1/2 LOW 4.47</u></div>
<div><u> CLOSE5.52 1/4 Up 13 1/2 CLOSE 4.57 3/4 Up 9</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 6.97 274.50 0.90 5.48 215.64</u></div>
<div><u>CK High 1.45 6.97 274.50 0.95 5.53 217.61</u></div>
<div><u>CK Avg 1.45 -0.03 6.97 274.50 0.94 -0.23 5.52 217.28</u></div>
<div><u>Essex Cty 1.45 6.97 274.50 0.95 5.53 217.61</u></div>
<div><u>Mdsx Low 1.45 6.97 274.50 0.90 5.48 215.64</u></div>
<div><u>Mdsx High 1.45 6.97 274.50 0.95 5.53 217.61</u></div>
<div><u>Mdsx Avg 1.45 -0.03 6.97 274.50 0.93 -0.24 5.50 216.62</u></div>
<div><u>Hensall 1.47 6.99 275.15 0.97 5.54 218.26</u></div>
<div><u>Bruce 1.45 6.97 274.50 0.95 5.53 217.61</u></div>
<div><u>Putnam 1.45 6.97 274.50 0.95 5.53 217.61</u></div>
<div><u>Burford 1.45 6.97 274.50 0.95 5.53 217.61</u></div>
<div><u>Port Perry 1.50 7.02 276.46 1.00 5.58 219.58</u></div>
<div><u>Norfolk 1.45 6.97 274.50 0.95 5.53 217.61</u></div>
<div><u>Palmerston 1.41 6.93 272.92 0.97 5.55 218.40</u></div>
<div><u>Varna 1.45 6.97 274.50 0.95 5.53 217.61</u></div>
<div><u>Trenton 1.50 7.02 276.46 0.95 5.53 217.61</u></div>
<div><u>Winchester 1.50 7.02 276.46 1.30 5.88 231.39</u></div>
<div><u>North Gower 1.49 7.01 276.07 1.33 5.91 232.57</u></div>
<div><u>Vankleek Hil 1.59 7.11 280.01 1.02 5.60 220.36</u></div>
<div><u>Huron FOB 1.55 1.60 1.64 1.73 7.07 278.43 0.92 5.50 216.43</u></div>
<div><u>Kent FOB 1.60 7.12 280.40 1.05 5.63 221.54</u></div>
<div><u>Lamb FOB N/A 1.05 5.63 221.54</u></div>
<div><u>Mdsx FOB 1.60 1.60N/A N/A 7.12 280.40 1.05 5.63 221.54</u></div>
<div><u>FOB SW Que 2.26 7.78 306.38N/A</u></div>
<div><u>Track 1.83 7.35 289.26N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.30 5.88 231.39</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.61 6.19 243.59</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.95 1.25 5.83 229.42</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 5.93 233.36</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 6.18 243.20</u></div>
<div><u>W O Feed 2.03 7.55 297.33</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.11 7.63 300.48</u></div>
<div><u>Toledo El. -0.09 5.43 213.92 -0.25 4.32 170.22</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.95 7.47 294.18 1.35 5.93 233.36</u></div>
<div><u>Prescott N/A 1.51 6.09 239.65</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 6.97 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2683 down 0.0020</u></div>
<div><u>Chicago soybeans closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.94 NOV21 HI 11.86 3/4</u></div>
<div><u> LOW 13.73 3/4 LOW 11.76 3/4</u></div>
<div><u> CLOSE13.84 3/4 Up 12 3/4 CLOSE 11.85 3/4 Up 12 3/4</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 17.14 629.70 2.72 14.58 535.63</u></div>
<div><u>CK High 3.35 17.20 631.90 2.80 14.66 538.57</u></div>
<div><u>CK Average 3.32 -0.32 17.16 630.61 2.78 -0.32 14.64 537.77</u></div>
<div><u>Essex Cty 3.30 17.15 630.06 2.70 14.56 534.90</u></div>
<div><u>Mdsx Low 3.27 17.12 628.96 2.70 14.56 534.90</u></div>
<div><u>Mdsx High 3.35 17.20 631.90 2.80 14.66 538.57</u></div>
<div><u>Mdsx Average3.31 -0.32 17.16 630.43 2.75 -0.34 14.61 536.73</u></div>
<div><u>Hensall 3.32 17.16 630.68 2.75 14.61 536.73</u></div>
<div><u>Bruce 3.30 17.15 630.06 2.75 14.61 536.73</u></div>
<div><u>Putnam 3.35 17.20 631.90 2.80 14.66 538.57</u></div>
<div><u>Burford 3.34 17.19 631.53 2.77 14.63 537.47</u></div>
<div><u>Port Perry 3.26 17.11 628.59 2.69 14.55 534.53</u></div>
<div><u>Norfolk 3.30 17.15 630.06 2.80 14.66 538.57</u></div>
<div><u>Palmerston 3.33 17.18 631.17 2.80 14.66 538.57</u></div>
<div><u>Varna 3.30 17.15 630.06 2.75 14.61 536.73</u></div>
<div><u>Trenton 3.35 17.20 631.90 2.80 14.66 538.57</u></div>
<div><u>Winchester 3.30 17.15 630.06 2.80 14.66 538.57</u></div>
<div><u>North Gower 3.40 17.25 633.74 2.91 14.77 542.61</u></div>
<div><u>Vankleek Hil3.17 17.02 625.29 2.64 14.50 532.69</u></div>
<div><u>Huron FOB 3.52 3.52 3.59 3.59 17.37 638.15 2.83 14.69 539.67</u></div>
<div><u>Kent FOB 3.45 17.30 635.57 2.80 14.66 538.57</u></div>
<div><u>Lambton FOB 3.60 17.45 641.09 3.00 14.86 545.92</u></div>
<div><u>Mdsx FOB 3.43 3.50 N/A N/A 17.28 634.84 2.85 14.71 540.41</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.72 17.57 645.50 2.98 14.84 545.18</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.70 650.27 3.25 15.11 555.11</u></div>
<div><u>Prescott N/A 3.22 15.08 554.00</u></div>
<div><u>Port Colborn3.78 17.63 647.70 3.30 15.16 556.94</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 13.72 504.15 -0.44 11.41 419.38</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2683 down 0.0020</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>MAR21 HI 6.60 1/4 JUL21 HI 6.49 1/4</u></div>
<div><u> LOW 6.40 1/2 LOW 6.33 3/4</u></div>
<div><u> CLOSE 6.57 1/2 Up 20 3/4 CLOSE 6.46 3/4 Up 16 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed higher.</u></div>
<div><u>MAR21 HI 6.33 1/4 SEP21 HI 6.57 1/4</u></div>
<div><u> LOW 6.21 LOW 6.45 1/4</u></div>
<div><u> CLOSE 6.31 1/4 Up 15 1/4 CLOSE 6.55 3/4 Up 14 1/4</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 1.35 N/A N/A N/A 1.05 N/A</u></div>
<div><u>London 1.40 1.34 1.34 N/A 1.25 1.25 1.06 N/A</u></div>
<div><u>Hensall 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Bruce 1.35 1.45 1.35 1.40 1.25 1.30 1.10 1.30</u></div>
<div><u>Essex N/A N/A 1.30 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Norwich 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Kent Bridge 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A</u></div>
<div><u>Chatham N/A N/A 1.30 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.30 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.44 1.37 1.37 N/A 1.26 1.07 1.31</u></div>
<div><u>Varna 1.35 1.40 1.35 N/A 1.25 1.25 1.05 N/A</u></div>
<div><u>Mitchell 1.40 1.50 1.35 N/A 1.30 1.25 1.05 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.16 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.20 1.20 0.90 N/A 1.03 1.03 1.11</u></div>
<div><u>W O Feed 2.03</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.79 N/A N/A N/A 1.39 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.76 N/A N/A N/A 1.74 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.58US 8.34CA 6.42US 8.14CA</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 632.08</u></div>
<div><u>DDG's FOB Srn & Aylm 360.00 - 370.00</u></div>
<u><br>
</u></div>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus<o:p> </o:p></span></p>
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