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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 16</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3426 up 0.0036</u></div>
<div class="ContentPasted0"><u>Chicago corn closed narrowly mixed.</u></div>
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<div class="ContentPasted0"><u>      MAR23   HI 6.77  1/4                    DEC23    HI 5.95  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 6.73  1/4                            LOW 5.93</u></div>
<div class="ContentPasted0"><u>            CLOSE6.76   Down  1/4                   CLOSE 5.93  1/2  Down 1 3/4</u></div>
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<div class="ContentPasted0"><u>            OLD CROP BASIS                          NEW CROP BASIS</u></div>
<div class="ContentPasted0"><u>Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +MAY23+MAY23+JUL23</u></div>
<div class="ContentPasted0"><u>CK Low       1.30                        8.06 317.31  1.25         7.19 282.86</u></div>
<div class="ContentPasted0"><u>CK High      1.40                        8.16 321.25  1.35         7.29 286.80</u></div>
<div class="ContentPasted0"><u>CK Avg       1.36                  -0.71 8.12 319.84  1.30 -0.55   7.24 284.83</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.30                        8.06 317.31  1.25         7.19 282.86</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.35                        8.11 319.28  1.30         7.24 284.83</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        8.16 321.25  1.30         7.24 284.83</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.37                  -0.71 8.13 319.93  1.30 -0.55   7.24 284.83</u></div>
<div class="ContentPasted0"><u>Hensall      1.37                        8.13 319.93  1.32         7.25 285.49</u></div>
<div class="ContentPasted0"><u>Bruce        1.35                        8.11 319.28  1.30         7.24 284.83</u></div>
<div class="ContentPasted0"><u>Putnam       1.35                        8.11 319.28  1.30         7.24 284.83</u></div>
<div class="ContentPasted0"><u>Burford      1.35                        8.11 319.28  1.30         7.24 284.83</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        7.81 307.47  1.10         7.04 276.96</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        8.16 321.25  1.30         7.24 284.83</u></div>
<div class="ContentPasted0"><u>Palmerston   1.39                        8.15 320.85N/A</u></div>
<div class="ContentPasted0"><u>Varna        1.35                        8.11 319.28  1.30         7.24 284.83</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        8.06 317.31  1.30         7.24 284.83</u></div>
<div class="ContentPasted0"><u>Trenton      1.25                        8.01 315.34  1.30         7.24 284.83</u></div>
<div class="ContentPasted0"><u>Winchester   1.40                        8.16 321.25  1.40         7.34 288.77</u></div>
<div class="ContentPasted0"><u>North Gower  1.37                        8.13 320.06  1.37         7.31 287.59</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.15                        7.91 311.40  1.20         7.14 280.89</u></div>
<div class="ContentPasted0"><u>Huron FOB    1.35  1.43  1.50N/A         8.11 319.28N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.50                        8.26 325.18  1.30         7.24 284.83</u></div>
<div class="ContentPasted0"><u>Lamb FOB    N/A                                     N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    N/A    1.50N/A   N/A                      1.25         7.19 282.86</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.08                        8.84 348.02N/A</u></div>
<div class="ContentPasted0"><u>Track        2.03                        8.79 345.85N/A</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Chat-Eth    N/A  N/A   N/A   N/A                      N/A</u></div>
<div class="ContentPasted0"><u>Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Aylmer-Eth  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Sarn-Eth    N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>London-Ing  N/A  N/A   N/A   N/A                      1.90         7.84 308.45</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>W O Feed     2.03                        8.79 345.85</u></div>
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<div class="ContentPasted0"><u>US Rep       2.52                        9.28 365.34</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.40                        6.36 250.27 -0.40         5.53 217.79</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb     1.50                        8.26 325.18  1.50         7.44 292.70</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.76         7.70 302.94</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    1.40                        8.16</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3426 up 0.0036</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly higher.</u></div>
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<div class="ContentPasted0"><u>      MAY23   HI 15.26                   NOV23     HI 13.86  1/4</u></div>
<div class="ContentPasted0"><u>             LOW 15.13  3/4                       LOW 13.70</u></div>
<div class="ContentPasted0"><u>            CLOSE15.21  1/4  Up 1 3/4           CLOSE 13.83  3/4  Up 8 3/4</u></div>
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<div class="ContentPasted0"><u>            OLD CROP                                  NEW CROP</u></div>
<div class="ContentPasted0"><u>Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +MAY23+MAY23+MAY23</u></div>
<div class="ContentPasted0"><u>CK Low      4.69                         19.90 731.29  3.90        17.74 651.74</u></div>
<div class="ContentPasted0"><u>CK High     4.75                         19.96 733.50  4.00        17.84 655.42</u></div>
<div class="ContentPasted0"><u>CK Average  4.71                   -0.37 19.93 732.13  3.92 -0.61  17.76 652.53</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.70                         19.91 731.66  3.90        17.74 651.74</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.70                         19.91 731.66  3.90        17.74 651.74</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.73                         19.94 732.76  3.94        17.78 653.21</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.71                   -0.38 19.92 731.93  3.91 -0.62  17.75 652.11</u></div>
<div class="ContentPasted0"><u>Hensall     4.70                         19.91 731.66  3.90        17.74 651.74</u></div>
<div class="ContentPasted0"><u>Bruce       4.70                         19.91 731.66  3.95        17.79 653.58</u></div>
<div class="ContentPasted0"><u>Putnam      4.70                         19.91 731.66  3.90        17.74 651.74</u></div>
<div class="ContentPasted0"><u>Burford     4.80                         20.01 735.33  4.01        17.85 655.78</u></div>
<div class="ContentPasted0"><u>Port Perry  4.64                         19.85 729.45  3.85        17.69 649.90</u></div>
<div class="ContentPasted0"><u>Norfolk     4.70                         19.91 731.66  3.90        17.74 651.74</u></div>
<div class="ContentPasted0"><u>Palmerston  4.79                         20.00 734.97  N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.70                         19.91 731.66  3.90        17.74 651.74</u></div>
<div class="ContentPasted0"><u>Trenton     4.65                         19.86 729.82  3.90        17.74 651.74</u></div>
<div class="ContentPasted0"><u>Winchester  4.65                         19.86 729.82  3.95        17.79 653.58</u></div>
<div class="ContentPasted0"><u>North Gower 4.65                         19.86 729.82  3.85        17.69 649.90</u></div>
<div class="ContentPasted0"><u>Vankleek Hil5.23                         20.44 751.13  3.93        17.77 652.84</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.75  4.80  5.01  N/A        19.96 733.50  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    5.00                         20.21 742.68  3.90        17.74 651.74</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.92                         20.13 739.74  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    4.96  5.10  N/A   N/A        20.17 741.21  4.21        18.05 663.13</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.42                         20.63 758.11  4.48        18.32 673.05</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.40                         20.61 757.38  4.55        18.39 675.62</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       4.34        18.18 667.91</u></div>
<div class="ContentPasted0"><u>Port Colborn4.98                         20.19 741.95  4.76        18.60 683.34</u></div>
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<div class="ContentPasted0"><u>Toledo El.  -0.27                        14.94 549.10 -0.60        13.23 486.24</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3426 up 0.0036</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     7.71  1/2            JUL23   HI      7.87  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    7.62  1/4                    LOW        7.78</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.65   Down 4 1/4            CLOSE   7.80  3/4  Down 4 1/2</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly higher.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     9.31  1/2            SEP23   HI         8.98</u></div>
<div class="ContentPasted0"><u>           LOW    9.22  1/2                    LOW        8.94</u></div>
<div class="ContentPasted0"><u>           CLOSE  9.30  1/4  Up 5 1/2          CLOSE   8.96  1/2  Up 4 1/4</u></div>
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<div class="ContentPasted0"><u>Direct MarkHarvest 2022                Harvest 2023</u></div>
<div class="ContentPasted0"><u>           DELIVERED BASIS             DELIVERED BASIS</u></div>
<div class="ContentPasted0"><u>Location   SWW(C) HRW(C) SRW(C) HRS(M) SWW(C)  HRW(C)  SRW(C) HRS(M)</u></div>
<div class="ContentPasted0"><u>ELEVATORS</u></div>
<div class="ContentPasted0"><u>Brgssvll     N/A    N/A   1.45    N/A    N/A     N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>London      2.54   2.14   1.40    N/A    2.80    1.93   1.32    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     4.30    N/A   1.45    N/A    2.90    N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Bruce       2.35   1.85   1.45   1.15    2.30    1.80   1.30   1.15</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   1.45    N/A    N/A     N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     4.30    N/A   1.45    N/A    2.90    N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>Belmore     2.50   1.75   1.50   1.15    2.00    1.90   1.35    N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 4.30    N/A   1.45    N/A    2.90    N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   1.45    N/A    N/A     N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.45    N/A    N/A     N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   2.04   1.50    N/A    N/A     N/A     N/A    N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.25   2.30   1.50    N/A    2.85    2.00   1.35    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    4.30    N/A   1.45    N/A    2.90    1.95   1.35    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    2.54   2.14   1.40   2.03    2.80    1.93   1.32    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   1.30   1.70   1.77    N/A     1.00   1.40   1.42</u></div>
<div class="ContentPasted0"><u>W O Feed                  2.36</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   2.07    N/A    N/A     N/A    1.93    N/A</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Toledo FM    N/A    N/A    N/A    N/A    N/A     N/A    2.54    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 7.40US        9.93CA         7.56US         10.15CA</u></div>
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<div class="ContentPasted0"><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div class="ContentPasted0"><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
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<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0"><u>FOB Hm Soymeal            770.97</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            375.00</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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