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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 18</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 1.2688 down 0.0012</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.54 1/2 DEC21 HI 4.60 1/2</u></div>
<div><u> LOW 5.48 LOW 4.56 1/2</u></div>
<div><u> CLOSE5.50 1/4 Down 2 3/4 CLOSE 4.59 1/4 Down 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 6.95 273.71 0.95 5.54 218.20</u></div>
<div><u>CK High 1.45 6.95 273.71 0.95 5.54 218.20</u></div>
<div><u>CK Avg 1.45 -0.02 6.95 273.71 0.95 -0.23 5.54 218.20</u></div>
<div><u>Essex Cty 1.45 6.95 273.71 0.95 5.54 218.20</u></div>
<div><u>Mdsx Low 1.45 6.95 273.71 0.95 5.54 218.20</u></div>
<div><u>Mdsx High 1.45 6.95 273.71 0.95 5.54 218.20</u></div>
<div><u>Mdsx Avg 1.45 -0.02 6.95 273.71 0.95 -0.23 5.54 218.20</u></div>
<div><u>Hensall 1.47 6.97 274.36 0.97 5.56 218.85</u></div>
<div><u>Bruce 1.45 6.95 273.71 0.95 5.54 218.20</u></div>
<div><u>Putnam 1.45 6.95 273.71 0.95 5.54 218.20</u></div>
<div><u>Burford 1.45 6.95 273.71 0.95 5.54 218.20</u></div>
<div><u>Port Perry 1.50 7.00 275.68 0.95 5.54 218.20</u></div>
<div><u>Norfolk 1.45 6.95 273.71 0.95 5.54 218.20</u></div>
<div><u>Palmerston 1.42 6.92 272.53 0.99 5.58 219.77</u></div>
<div><u>Varna 1.45 6.95 273.71 0.95 5.54 218.20</u></div>
<div><u>Trenton 1.55 7.05 277.64 0.95 5.54 218.20</u></div>
<div><u>Winchester 1.50 7.00 275.68 1.40 5.99 235.91</u></div>
<div><u>North Gower 1.52 7.02 276.46 1.33 5.92 233.16</u></div>
<div><u>Vankleek Hil 1.64 7.14 281.19 1.11 5.70 224.50</u></div>
<div><u>Huron FOB 1.59 1.63 1.67 1.77 7.09 279.22 0.95 5.54 218.20</u></div>
<div><u>Kent FOB 1.60 7.10 279.61 1.05 5.64 222.14</u></div>
<div><u>Lamb FOB N/A 1.05 5.64 222.14</u></div>
<div><u>Mdsx FOB 1.60 1.60N/A N/A 7.10 279.61 1.05 5.64 222.14</u></div>
<div><u>FOB SW Que 2.10 7.60 299.30N/A</u></div>
<div><u>Track 1.83 7.33 288.67N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.30 5.89 231.98</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.61 6.20 244.18</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.95 1.25 5.84 230.01</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 5.94 233.95</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 6.19 243.79</u></div>
<div><u>W O Feed 2.01 7.52 295.91</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.12 7.62 300.08</u></div>
<div><u>Toledo El. -0.09 5.41 213.13 -0.25 4.34 170.81</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.95 7.45 293.39 1.35 5.94 233.95</u></div>
<div><u>Prescott N/A 1.55 6.14 241.82</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 6.95 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 1.2688 down 0.0012</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.91 1/4 NOV21 HI 11.94 1/4</u></div>
<div><u> LOW 13.70 LOW 11.81</u></div>
<div><u> CLOSE13.75 Down 8 3/4 CLOSE 11.86 1/2 Down 2 1/2</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 17.04 626.11 2.75 14.62 537.01</u></div>
<div><u>CK High 3.35 17.10 628.32 2.80 14.67 538.85</u></div>
<div><u>CK Average 3.32 -0.29 17.07 627.34 2.79 -0.32 14.66 538.54</u></div>
<div><u>Essex Cty 3.30 17.05 626.48 2.70 14.57 535.17</u></div>
<div><u>Mdsx Low 3.27 17.02 625.38 2.73 14.60 536.27</u></div>
<div><u>Mdsx High 3.35 17.10 628.32 2.80 14.67 538.85</u></div>
<div><u>Mdsx Average3.31 -0.30 17.06 626.85 2.77 -0.34 14.63 537.56</u></div>
<div><u>Hensall 3.35 17.10 628.32 2.80 14.67 538.85</u></div>
<div><u>Bruce 3.30 17.05 626.48 2.75 14.62 537.01</u></div>
<div><u>Putnam 3.35 17.10 628.32 2.80 14.67 538.85</u></div>
<div><u>Burford 3.34 17.09 627.95 2.80 14.67 538.85</u></div>
<div><u>Port Perry 3.26 17.01 625.01 2.72 14.59 535.91</u></div>
<div><u>Norfolk 3.30 17.05 626.48 2.80 14.67 538.85</u></div>
<div><u>Palmerston 3.33 17.08 627.58 2.82 14.69 539.58</u></div>
<div><u>Varna 3.35 17.10 628.32 2.80 14.67 538.85</u></div>
<div><u>Trenton 3.35 17.10 628.32 2.80 14.67 538.85</u></div>
<div><u>Winchester 3.30 17.05 626.48 2.85 14.72 540.68</u></div>
<div><u>North Gower 3.40 17.15 630.15 2.91 14.78 542.89</u></div>
<div><u>Vankleek Hil3.21 16.96 623.17 2.70 14.57 535.17</u></div>
<div><u>Huron FOB 3.52 3.52 3.59 3.59 17.27 634.56 2.85 14.72 540.68</u></div>
<div><u>Kent FOB 3.45 17.20 631.99 2.80 14.67 538.85</u></div>
<div><u>Lambton FOB 3.60 17.35 637.50 3.00 14.87 546.20</u></div>
<div><u>Mdsx FOB 3.50 3.50 N/A N/A 17.25 633.83 2.80 14.67 538.85</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.81 17.56 645.22 3.00 14.87 546.20</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.60 646.69 3.25 15.12 555.38</u></div>
<div><u>Prescott N/A 3.27 15.14 556.12</u></div>
<div><u>Port Colborn3.78 17.53 644.12 3.33 15.20 558.32</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 13.62 500.56 -0.44 11.42 419.64</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2688 down 0.0012</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>MAR21 HI 6.65 3/4 JUL21 HI 6.53</u></div>
<div><u> LOW 6.41 1/2 LOW 6.34 3/4</u></div>
<div><u> CLOSE 6.62 1/2 Up 18 1/2 CLOSE 6.49 3/4 Up 12 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR21 HI 6.33 1/2 SEP21 HI 6.60</u></div>
<div><u> LOW 6.21 3/4 LOW 6.48 1/2</u></div>
<div><u> CLOSE 6.31 3/4 Up 8 3/4 CLOSE 6.57 1/2 Up 8</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 1.42 1.36 1.36 N/A 1.27 1.27 1.02 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 1.47 1.40 1.39 N/A 1.28 1.09 1.33</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 1.23 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.25 1.25 0.90 N/A 1.03 1.03 1.15</u></div>
<div><u>W O Feed 2.07</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.81 N/A N/A N/A 1.37 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.78 N/A N/A N/A 1.75 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.63US 8.41CA 6.45US 8.18CA</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 629.32</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"">Editor, AgriLink and Farm Market News
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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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