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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 17</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 1.27 up 0.0017</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.54 3/4 DEC21 HI 4.60</u></div>
<div><u> LOW 5.47 1/2 LOW 4.50 3/4</u></div>
<div><u> CLOSE5.53 Up 3/4 CLOSE 4.60 Up 2 1/4</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 6.98 274.79 0.95 5.55 218.49</u></div>
<div><u>CK High 1.45 6.98 274.79 0.95 5.55 218.49</u></div>
<div><u>CK Avg 1.45 -0.03 6.98 274.79 0.95 -0.23 5.55 218.49</u></div>
<div><u>Essex Cty 1.45 6.98 274.79 0.95 5.55 218.49</u></div>
<div><u>Mdsx Low 1.45 6.98 274.79 0.95 5.55 218.49</u></div>
<div><u>Mdsx High 1.45 6.98 274.79 0.95 5.55 218.49</u></div>
<div><u>Mdsx Avg 1.45 -0.03 6.98 274.79 0.95 -0.23 5.55 218.49</u></div>
<div><u>Hensall 1.47 7.00 275.45 0.97 5.57 219.15</u></div>
<div><u>Bruce 1.45 6.98 274.79 0.95 5.55 218.49</u></div>
<div><u>Putnam 1.45 6.98 274.79 0.95 5.55 218.49</u></div>
<div><u>Burford 1.45 6.98 274.79 0.95 5.55 218.49</u></div>
<div><u>Port Perry 1.50 7.03 276.76 1.00 5.60 220.46</u></div>
<div><u>Norfolk 1.45 6.98 274.79 0.95 5.55 218.49</u></div>
<div><u>Palmerston 1.43 6.96 274.00 0.99 5.59 220.07</u></div>
<div><u>Varna 1.45 6.98 274.79 0.95 5.55 218.49</u></div>
<div><u>Trenton 1.50 7.03 276.76 0.95 5.55 218.49</u></div>
<div><u>Winchester 1.50 7.03 276.76 1.30 5.90 232.27</u></div>
<div><u>North Gower 1.49 7.02 276.37 1.33 5.93 233.45</u></div>
<div><u>Vankleek Hil 1.66 7.19 283.06 1.17 5.77 227.15</u></div>
<div><u>Huron FOB 1.60 1.64 1.68 1.78 7.13 280.70 0.95 5.55 218.49</u></div>
<div><u>Kent FOB 1.60 7.13 280.70 1.05 5.65 222.43</u></div>
<div><u>Lamb FOB N/A 1.05 5.65 222.43</u></div>
<div><u>Mdsx FOB 1.60 1.60N/A N/A 7.13 280.70 1.05 5.65 222.43</u></div>
<div><u>FOB SW Que 2.31 7.84 308.65N/A</u></div>
<div><u>Track 1.83 7.36 289.75N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.30 5.90 232.27</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.61 6.21 244.48</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.95 1.25 5.85 230.30</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 5.95 234.24</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 6.20 244.08</u></div>
<div><u>W O Feed 2.03 7.56 297.55</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.13 7.66 301.56</u></div>
<div><u>Toledo El. -0.09 5.44 214.21 -0.25 4.35 171.09</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.95 7.48 294.47 1.35 5.95 234.24</u></div>
<div><u>Prescott N/A 1.56 6.16 242.51</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 6.98</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.27 up 0.0017</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.90 NOV21 HI 11.93 1/2</u></div>
<div><u> LOW 13.76 1/4 LOW 11.82 1/2</u></div>
<div><u> CLOSE13.83 3/4 Down 1 CLOSE 11.89 Up 3 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 3.30 17.14 629.70 2.78 14.67 539.03</u></div>
<div><u>CK High 3.35 17.19 631.53 2.80 14.69 539.77</u></div>
<div><u>CK Average 3.33 -0.32 17.17 630.86 2.80 -0.33 14.69 539.64</u></div>
<div><u>Essex Cty 3.30 17.14 629.70 2.70 14.59 536.09</u></div>
<div><u>Mdsx Low 3.32 17.16 630.43 2.76 14.65 538.30</u></div>
<div><u>Mdsx High 3.35 17.19 631.53 2.80 14.69 539.77</u></div>
<div><u>Mdsx Average3.34 -0.32 17.17 630.98 2.78 -0.34 14.67 539.03</u></div>
<div><u>Hensall 3.32 17.15 630.31 2.75 14.64 537.93</u></div>
<div><u>Bruce 3.30 17.14 629.70 2.75 14.64 537.93</u></div>
<div><u>Putnam 3.35 17.19 631.53 2.80 14.69 539.77</u></div>
<div><u>Burford 3.39 17.23 633.00 2.83 14.72 540.87</u></div>
<div><u>Port Perry 3.31 17.15 630.06 2.75 14.64 537.93</u></div>
<div><u>Norfolk 3.30 17.14 629.70 2.80 14.69 539.77</u></div>
<div><u>Palmerston 3.36 17.20 631.90 2.83 14.72 540.87</u></div>
<div><u>Varna 3.30 17.14 629.70 2.75 14.64 537.93</u></div>
<div><u>Trenton 3.35 17.19 631.53 2.80 14.69 539.77</u></div>
<div><u>Winchester 3.30 17.14 629.70 2.80 14.69 539.77</u></div>
<div><u>North Gower 3.40 17.24 633.37 2.91 14.80 543.81</u></div>
<div><u>Vankleek Hil3.27 17.11 628.59 2.73 14.62 537.19</u></div>
<div><u>Huron FOB 3.58 3.58 3.65 3.65 17.42 639.98 2.89 14.78 543.07</u></div>
<div><u>Kent FOB 3.45 17.29 635.21 2.80 14.69 539.77</u></div>
<div><u>Lambton FOB 3.60 17.44 640.72 3.00 14.89 547.11</u></div>
<div><u>Mdsx FOB 3.56 3.56 N/A N/A 17.40 639.25 2.95 14.84 545.28</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.73 17.57 645.50 3.00 14.89 547.11</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.69 649.90 3.25 15.14 556.30</u></div>
<div><u>Prescott N/A 3.30 15.19 558.14</u></div>
<div><u>Port Colborn3.84 17.68 649.54 3.36 15.25 560.34</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 13.71 503.77 -0.44 11.45 420.55</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.27 up 0.0017</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>MAR21 HI 6.61 1/4 JUL21 HI 6.49</u></div>
<div><u> LOW 6.38 1/2 LOW 6.31 1/4</u></div>
<div><u> CLOSE 6.44 Down 13 1/2 CLOSE 6.37 1/4 Down 9 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAR21 HI 6.32 SEP21 HI 6.55 3/4</u></div>
<div><u> LOW 6.17 1/2 LOW 6.42 3/4</u></div>
<div><u> CLOSE 6.23 Down 8 1/4 CLOSE 6.49 1/2 Down 6 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 1.44 1.38 1.38 N/A 1.29 1.29 1.10 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 1.35 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 1.35 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.35 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.42 1.35 1.36 N/A 1.25 1.06 1.30</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 1.15 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.20 1.20 0.90 N/A 1.04 1.04 1.11</u></div>
<div><u>W O Feed 2.01</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.83 N/A N/A N/A 1.43 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.74 N/A N/A N/A 1.72 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.44US 8.18CA 6.32US 8.03CA</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 635.71</u></div>
<div><u>DDG's FOB Srn & Aylm 360.00 - 370.00 </u></div>
<div><u><br>
</u></div>
<div>---</div>
<div><br>
</div>
<div>Ontario Grain Market Commentary for February 17, 2021</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div><br>
</div>
<div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="">Wednesday, February 17, 2021</div>
<div style="">COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div style="">Corn CBOT Mar 5.53 ¡è 18 ¨ö Cents</div>
<div style="">Soybeans CBOT Mar 13.83¨ú ¡è 29 ¨ú Cents</div>
<div style="">Wheat CBOT Mar 6.44 ¡è 8 ¨ö Cent</div>
<div style="">Wheat Minn. Mar 6.23 ¡è 4 ¨ù Cents</div>
<div style="">Wheat Kansas Mar 6.24¨ö ¡è 10 ¨ö Cents</div>
<div style="">Oats CBOT Mar 3.52¨ú ¡è 4 ¨ö Cents</div>
<div style=""></div>
<div style="">Canadian $ Mar 0.7876 ¡é 3 Points</div>
<div style=""><br>
</div>
<div style="">CORN: </div>
<div style="">The Brazil Safrinha corn planting continues to progress slowly. The ideal planting window is closing, and it is estimated that the majority of the Safrinha corn crop will be planted after the ideal planting dates. The Safrinha corn crop is estimated
to be 35.4 million acres, an increase of 4% from last year. This crop accounts for roughly 75% of the total Brazilian corn production.</div>
<div style=""> As of February 11, the U.S. has booked 697 million bushels of corn to China. Last year at this time the U.S. had booked 2.4 million bushels to China.</div>
<div style=""><br>
</div>
<div style="">SOYBEANS: </div>
<div style="">The National Oilseed Processors Association (NOPA) reported that soybean crush was 184.7 million bushels for the month of January. This is up 4% from this time last year and exceeded the trade estimates of 183.087 million bushels. Daily crushing
rates are averaging nearly 6 million bushels per day. Total crush since the beginning of the marketing year in September is 896 million bushels. Ending stocks of U.S. soybeans are expected to be the tightest in years. NOPA members account for 95 per cent of
all soybeans processed in the U.S.</div>
<div style=""><br>
</div>
<div style="">WHEAT:</div>
<div style="">Wheat futures climbed higher recently on fears that cold temperatures in the U.S. plains may have damaged winter wheat. Last week, Commodity Weather Group estimated that 10% of the U.S. soft wheat crop and 15% of the U.S. hard red wheat crop were
at risk of damage from winterkill due to freezing temperatures. In areas lacking adequate snow cover, prolonged cold temperatures can adversely affect wheat, although it is too early to tell if there has been damage to the U.S. winter wheat crop.
</div>
<div style=""><br>
</div>
---</div>
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