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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 16</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2691 down 0.0050</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.47 3/4 DEC22 HI 5.94 1/2</u></div>
<div><u> LOW 6.36 1/4 LOW 5.85 3/4</u></div>
<div><u> CLOSE6.47 Up 9 CLOSE 5.93 3/4 Up 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 +MAY22+MAY22+JUL22</u></div>
<div><u>CK Low 1.25 7.72 303.92 1.10 7.04 277.05</u></div>
<div><u>CK High 1.30 7.77 305.89 1.15 7.09 279.02</u></div>
<div><u>CK Avg 1.29 -0.35 7.76 305.61 1.14 -0.36 7.08 278.74</u></div>
<div><u>Essex Cty 1.30 7.77 305.89 1.15 7.09 279.02</u></div>
<div><u>Mdsx Low 1.25 7.72 303.92 1.10 7.04 277.05</u></div>
<div><u>Mdsx High 1.30 7.77 305.89 1.15 7.09 279.02</u></div>
<div><u>Mdsx Avg 1.28 -0.36 7.75 305.24 1.13 -0.37 7.07 278.37</u></div>
<div><u>Hensall 1.32 7.79 306.55 1.13 7.07 278.37</u></div>
<div><u>Bruce 1.25 7.72 303.92 1.15 7.09 279.02</u></div>
<div><u>Putnam 1.30 7.77 305.89 1.15 7.09 279.02</u></div>
<div><u>Burford 1.25 7.72 303.92 1.15 7.09 279.02</u></div>
<div><u>Port Perry 1.20 7.67 301.95 1.10 7.04 277.05</u></div>
<div><u>Norfolk 1.30 7.77 305.89 1.15 7.09 279.02</u></div>
<div><u>Palmerston 1.23 7.70 303.14 1.09 7.03 276.66</u></div>
<div><u>Varna 1.30 7.77 305.89 1.10 7.04 277.05</u></div>
<div><u>Belmore 1.30 7.77 305.89 1.15 7.09 279.02</u></div>
<div><u>Trenton 1.30 7.77 305.89 1.15 7.09 279.02</u></div>
<div><u>Winchester 1.55 8.02 315.73 1.45 7.39 290.83</u></div>
<div><u>North Gower 1.55 8.02 315.73 1.45 7.39 290.83</u></div>
<div><u>Vankleek Hil 1.61 8.08 318.10 1.37 7.31 287.68</u></div>
<div><u>Huron FOB 1.37 1.41 1.47 1.56 7.84 308.65N/A</u></div>
<div><u>Kent FOB 1.45 7.92 311.80 1.25 7.19 282.96</u></div>
<div><u>Lamb FOB 1.50 7.97 313.77 1.30 7.24 284.93</u></div>
<div><u>Mdsx FOB 1.35 1.40 1.50N/A 7.82 307.86 1.25 7.19 282.96</u></div>
<div><u>FOB SW Que 2.07 8.54 336.20N/A</u></div>
<div><u>Track 1.81 8.28 325.77N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.56 7.50 295.16</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.81 7.75 305.01</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</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 N/A 1.55 7.49 294.77</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.75 7.69 302.64</u></div>
<div><u>W O Feed 1.92 8.39 330.14</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.89 8.36 329.12</u></div>
<div><u>Toledo El. -0.19 6.28 247.22 -0.32 5.62 221.26</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 7.09 279.02</u></div>
<div><u>Prescott 1.99 8.46 333.06 1.85 7.79 306.58</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 7.77</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2691 down 0.0050</u></div>
<div><u>Chicago soybeans closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 15.89 3/4 NOV22 HI 14.56 1/4</u></div>
<div><u> LOW 15.47 LOW 14.25 1/2</u></div>
<div><u> CLOSE15.87 1/2 Up 36 1/4 CLOSE 14.55 1/2 Up 23 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 +MAR22+MAY22+MAY22</u></div>
<div><u>CK Low 3.80 19.68 722.93 3.15 17.71 650.55</u></div>
<div><u>CK High 3.85 19.73 724.77 3.20 17.76 652.38</u></div>
<div><u>CK Average 3.84 -0.34 19.71 724.24 3.19 -0.57 17.75 652.12</u></div>
<div><u>Essex Cty 3.85 19.73 724.77 3.15 17.71 650.55</u></div>
<div><u>Mdsx Low 3.79 19.67 722.57 3.19 17.75 652.02</u></div>
<div><u>Mdsx High 3.85 19.73 724.77 3.20 17.76 652.38</u></div>
<div><u>Mdsx Average3.83 -0.35 19.71 724.03 3.20 -0.57 17.75 652.26</u></div>
<div><u>Hensall 3.85 19.73 724.77 3.20 17.76 652.38</u></div>
<div><u>Bruce 3.85 19.73 724.77 3.20 17.76 652.38</u></div>
<div><u>Putnam 3.85 19.73 724.77 3.20 17.76 652.38</u></div>
<div><u>Burford 3.86 19.74 725.14 3.26 17.82 654.59</u></div>
<div><u>Port Perry 3.75 19.63 721.10 3.15 17.71 650.55</u></div>
<div><u>Norfolk 3.85 19.73 724.77 3.20 17.76 652.38</u></div>
<div><u>Palmerston 3.94 19.82 728.08 3.28 17.84 655.32</u></div>
<div><u>Varna 3.85 19.73 724.77 3.20 17.76 652.38</u></div>
<div><u>Trenton 3.80 19.68 722.93 3.15 17.71 650.55</u></div>
<div><u>Winchester 3.81 19.69 723.30 3.18 17.74 651.65</u></div>
<div><u>North Gower 3.80 19.68 722.93 3.35 17.91 657.90</u></div>
<div><u>Vankleek Hil4.00 19.88 730.28 3.46 18.02 661.94</u></div>
<div><u>Huron FOB 3.88 3.88 4.15 4.21 19.76 725.87 N/A</u></div>
<div><u>Kent FOB 4.05 19.93 732.12 3.20 17.76 652.38</u></div>
<div><u>Lambton FOB 3.85 19.73 724.77 3.40 17.96 659.73</u></div>
<div><u>Mdsx FOB 3.67 3.73 4.05 N/A 19.55 718.16 3.38 17.94 659.00</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.37 20.25 743.88 3.50 18.06 663.41</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.25 20.13 739.47 3.70 18.26 670.76</u></div>
<div><u>Prescott N/A 3.68 18.24 670.02</u></div>
<div><u>Port Colborn4.08 19.96 733.22 3.79 18.35 674.06</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 15.62 573.98 -0.44 14.11 518.48</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2691 down 0.0050</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR22 HI 7.86 3/4 JUL22 HI 7.89</u></div>
<div><u> LOW 7.73 1/4 LOW 7.75 3/4</u></div>
<div><u> CLOSE 7.80 1/2 Up 3/4 CLOSE 7.82 1/2 Up 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR22 HI 9.57 SEP22 HI 9.17 1/4</u></div>
<div><u> LOW 9.43 LOW 9.06</u></div>
<div><u> CLOSE 9.52 Down 1 CLOSE 9.14 1/4 Up 1/4</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2021 Harvest 2022</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 1.25 N/A N/A N/A 1.55 N/A</u></div>
<div><u>London 1.33 1.58 1.20 N/A 2.09 1.84 1.52 N/A</u></div>
<div><u>Hensall 1.25 N/A 1.25 N/A 2.35 N/A 1.55 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.55 N/A</u></div>
<div><u>Bruce 1.25 1.75 1.25 N/A 2.25 1.75 1.55 1.50</u></div>
<div><u>Essex N/A N/A 1.15 N/A N/A N/A 1.55 N/A</u></div>
<div><u>Norwich 1.25 N/A 1.25 N/A 2.35 N/A 1.55 N/A</u></div>
<div><u>Port Hope N/A N/A 1.25 N/A N/A N/A 1.55 N/A</u></div>
<div><u>Kent Bridge 1.25 N/A 1.25 N/A 2.35 N/A 1.55 N/A</u></div>
<div><u>Chatham N/A N/A 1.15 N/A N/A N/A 1.55 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.55 N/A</u></div>
<div><u>Palmerston N/A 2.10 1.28 1.92 N/A N/A 1.63 1.70</u></div>
<div><u>Varna 1.55 2.05 1.30 N/A 2.25 1.75 1.55 N/A</u></div>
<div><u>Mitchell 1.25 1.90 1.25 N/A 2.35 1.75 1.55 N/A</u></div>
<div><u>Thornton 1.33 1.58 1.20 1.71 2.09 1.84 1.52 N/A</u></div>
<div><u>North Gower N/A 0.95 1.30 1.07 N/A N/A 1.57 N/A</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 1.66 N/A N/A N/A 2.10 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.48 N/A N/A N/A 2.23 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.66US 9.72CA 7.78US 9.87CA</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 676.17</u></div>
<span><u>DDG's FOB Srn & Aylm 350.00 - 355.00</u></span><br>
</div>
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</u></span></div>
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<span>
<p class="MsoNoSpacing" 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<o:p style=""> </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>
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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>
<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>
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<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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