FUTURES SETTLEMENTS AND U.S.D.A. CASH REPORT

FUTURES SETTLEMENTS AND U.S.D.A. CASH REPORT Wednesday, January 31, 2018 HRSW 18 MAY 18 JUL 18 SEP 18 DEC 18 19 MAY 19 MGEX 607.25 618.25 627.00 625.25 634.25 640.50 638.50 NCI JAN 18 FEB 18 MGEX 338.00 343.00 NSI JAN 18 FEB 18 MGEX 938.00 943.00 SRWI JAN 18 FEB 18 MGEX 432.00 437.00 HRSI JAN 18 FEB 18 MGEX 600.00 605.00 HRWI JAN 18 FEB 18 MGEX 434.00 439.00 Wheat (SRW) 18 MAY 18 JUL 18 SEP 18 DEC 18 19 MAY 19 JUL 19 CBOT 451.75 465.50 479.00 492.25 510.50 525.00 530.00 531.25 Wheat (HRW) 18 MAY 18 JUL 18 SEP 18 DEC 18 19 MAY 19 JUL 19 KBOT 467.25 482.00 497.50 512.25 530.50 542.50 547.25 547.75 Corn 18 MAY 18 JUL 18 SEP 18 DEC 18 19 MAY 19 CBOT 361.50 369.50 377.25 384.50 393.25 401.25 406.50 Soybeans 18 MAY 18 JUL 18 AUG 18 SEP 18 NOV 18 JAN 19 CBOT 995.75 1007.00 1016.25 1018.00 1012.25 1011.25 1017.25 Oats 18 MAY 18 JUL 18 SEP 18 DEC 18 CBOT 265.50 265.75 267.75 269.75 268.00 Soybean Meal 18 MAY 18 JUL 18 AUG 18 CBOT 337.8 341.5 343.7 342.8 Soybean Oil 18 MAY 18 JUL 18 AUG 18 CBOT 33.07 33.28 33.48 33.57 *Corrected Stlmt. Prices for: RECEIPTS TRUCK INSPECTIONS Rail Cars Today Unit Trains Year Ago Receipts *Truck figures reflect MGE'S Truck Inspections Have Been Discontinued Wheat business day* Wheat Durum Durum Corn Corn Oats Oats Barley Barley Rye Rye Soybeans Flax Flax Soybeans Sunflowers Sunflowers Milo or Millet Milo or Millet Lentils Buckwheat Canola Screenings Peas Misc. (Unit Trains are not totaled) Total 0 0 0 0 0 MGEX Spring Wheat Wheat spot cash price is delivered rail Chicago and beyond. Current freight spread to Minneapolis is 15 cents; Duluth 25 cents. To-Arrive cash price remains Minneapolis and Duluth. Dark Northern Spring (1DNS or 1NS) 607.25 The 14.5% prot. Will be added on days it can more clearly represent the value of 14's Prices reflect No. 1 Milling quality only. Milling quality is defined as: 300 or better Falling numbers: 58 lbs. or better; 13.5% or less moisture; 1.5% or less damage; 1.5% less dockage; 2.0 vomitoxin. % Prot. Comments % Protein Basis Price 18 N/Q 11% To-Arrive Truck - Mpls. To-Arrive Truck - Duluth. N/Q 12% Basis Price Basis Price UNCH 13% +35N +642.25N -10 597.25 N/Q 13.5% +15 622.25 UNCH 14% +105N +120N 712.25N 727.25N N/Q 14.5% +25 632.25 UP 10 UNCH 15% +160* +175B 767.25* 782.25B N/Q 16% Train* 0-1 Prem. each 1/2 lb. 58lb. - 61 lb. test wt. 1-2 Disc. each 1/2 lb. under 58 lb. - 56 lb. * The following Spring Wheat does not meet domestic Milling quality and is traded at a base price with market discounts on other grade factors.* BALANCE SPRING WHEAT % Prot. Comments % Protein Basis Price % Protein % Prot. Comments Basis Price N/Q Bal. No. 1/12% Bal. No. 1/15% N/Q N/Q Bal. No. 1/13% No. 2/15% N/Q N/Q No. 2/13% No. 3/15% N/Q N/Q No. 3/13% Bal. No. 1/16% N/Q N/Q Bal. No. 1/14% N/Q No. 2/14% Train* N/Q No. 3/14% WINTER WHEAT - USING KC FUTURES 467.25 % Prot. Comments % Protein Basis Price Using KC FUTURES : To-Arrive Truck - Mpls. To-Arrive Truck - Duluth. N/Q 10% Basis Price Basis Price N/Q 11% +60 527.25 N/Q 12% +70 537.25 N/Q 13% +70 537.25 N/Q 14%

CASH GRAIN PRICES FROM THE FLOOR OF THE MPLS. GRAIN EXCHANGE AS REPORTED BY THE U.S.D.A. Wednesday, January 31, 2018 TO ARRIVE PRICES ARE FOR 20 DAY DELIVERY UNLESS OTHERWISE SPECIFIED. Durum Car Sales DURUM Puffing Cars Sales PREMIUMS AND DISCOUNTS Choice Milling Balance Milling Terminal Durum: Mpls.: 2-4 discount each 1/2 lb. 58 to 60 lbs. 2-3 discount each 1% damage over 0% 2-4 discount each 1/2 lb. under 58 lbs. 3 discount each 1% cont. cls. over 1% 3 discount each 1% S&B over 3% 10 less amber Duluth: # Cars Trd.: 3 discount each 1/2% F.M. over 1/2% 10-40 less durum 0 Puffing Prem. Choice Milling must meet min. req.: 60 lbs.; 13.0% Prot., # Cars Traded Top: 90 HVAC; 325 falling numbers; with visual inspection. # Balance Milling Cars Trd.: Choice Milling N/Q # Puffing Cars Trd.: Terminal Durum Mpls. Duluth Balance Milling N/Q Durum traded low as: as is: Rail N/Q Terminal Durum: Mpls.: N/Q Durum traded To/From:: as is: Truck N/Q Duluth: N/Q CORN #2 Yellow Mpls. Basis Price Mpls. More Bids To-Arrive Mpls. #2 Yellow Corn Basis Price Corn L/H Apr -31 (May) 338.50 Rail Stlmt. 361.50 N/Q N/Q May -30 (May) 339.50 Truck Jun -36 (Jul) 341.25 Jul -35 (Jul) 342.25 Aug -50 (Sep) 334.50 OATS US #2 or Btr. Mpls. Basis Price Mpls. Oats Oct -60 (Dec) 333.25 US #2 or Btr. Oats Basis Price Rail +10 +50 To-Arrive To-Arrive Mpls. 275.50 315.50 Stlmt. 265.50 N/Q N/Q N/Q Truck +10 +50 275.50 315.50 BARLEY Malting Types - 6 Row Varities; Basis 13.5% or less moisture, 13.5% or less Protein dry basis To-Arrive Mpls. Rail #2 Feed Barley 6 row malting Over 70% Plump-Mpls 60-70% Plump-Mpls Malting Barley Trend Malting Barley Mpls. UNCH N/Q Morex/Robust Standard Excel/Foster To-Arrive quote is a base price for 1.0 vomitoxin with discounts to apply. Duluth N/Q To-Arrive Azure UNCH #2 Feed Barley Mpls. Duluth Barley Comments: Rail Truck 2.65B 2.65B RYE To-Arrive #1 Plump Rye Mpls. #1 & #2 Rye (over 5% thin) #1 Plump Rye #1 & #2 Rye (over 5% th) N/Q N/Q Rail N/Q 4.50 Truck N/Q 4.50 SOYBEANS US #2 or Btr. Mpls. Basis Price Mpls. More Bids To-Arrive Mpls. Soybeans L/H Apr -45 (May) 962.00 #1 Yellow Soybean Basis Price Stlmt. 995.75 N/Q May -45 (May) 962.00 Rail Jun -47 (Jul) 969.25 Truck Jul -47 (Jul) 969.25 Aug -50 (Aug) 968.00 Oct -60 (Nov) 951.25 CASH GRAIN PRICES AS REPORTED BY THE U.S.D.A. FROM THE FLOOR OF THE MINNEAPOLIS GRAIN EXCHANGE CASH GRAIN PRICES FOR CORN, OATS AND SOYBEANS ARE CALCULATED FROM C.B.O.T. SETTLEMENTS AT THE TIME OF OFFICIAL CLOSING. DULUTH CASH KETS WILL BE QUOTED AS DETERMINED IF YOU HAVE ANY QUESTIONS, PLEASE CALL THE MGEX AT (612) 321-7130

Wednesday, January 31, 2018-2:09:14 PM Closing Sheets - MWE Product Prev_Settle Open High Low Close Range Settle Change MWEH8 616.00 616.00 619.00B 606.25 607.25-8.75 MWEK8 626.00 626.50 629.25B 617.25 618.25-7.75 MWEN8 634.00 634.75 637.00B 626.00 627.00-7.00 MWEU8 629.75 630.00 632.25 625.00 625.25-4.50 MWEZ8 636.75 637.00 639.50 633.50 634.25-2.50 MWEH9 641.50 642.50 638.25A 640.50-1.00 MWEK9 644.75 635.50B 638.50-6.25 MWEN9 MWEU9 MWEZ9

Wednesday, January 31, 2018-2:09:47 PM Closing Sheets - AJC Product Prev_Settle Open High Low Close Range Settle Change AJCF0 AJCH8 5.6500 5.6500 unch AJCK8 5.7000 5.7000 unch AJCN8 AJCU8 AJCX8 AJCF9 AJCH9 AJCK9 AJCN9 AJCU9 AJCX9

Wednesday, January 31, 2018-2:09:35 PM Closing Sheets - Indexes Product Prev. Settle Open High Low Settle Change ICF8 338.00 338.00 unch ICG8 343.00 343.00 unch IHF8 434.00 434.00 unch IHG8 439.00 439.00 unch IPF8 607.00 600.00-7.00 IPG8 612.00 605.00-7.00 ISF8 939.00 938.00-1.00 ISG8 944.00 943.00-1.00 IWF8 436.00 432.00-4.00 IWG8 441.00 437.00-4.00

Wednesday, January 31, 2018-2:10:00 PM Closing Sheets - Options Product Prev. Settle Open Open(OO) High High(OO) Low Low(OO) Settle Change OMWH8 C0100 516.000 507.250-8.750 OMWH8 C0560 56.125 47.500-8.625 OMWH8 C0580 37.000 29.375-7.625 OMWH8 C0600 20.875 15.375-5.500 OMWH8 C0605 17.625 12.750-4.875 OMWH8 C0610 14.625 10.375-4.250 OMWH8 C0620 9.875 6.750-3.125 OMWH8 C0630 6.500 4.250-2.250 OMWH8 C0640 4.125 2.625-1.500 OMWH8 C0650 2.500 1.625-0.875 OMWH8 C0660 1.500 0.875-0.625 OMWH8 C0670 0.875 0.500-0.375 OMWH8 C0680 0.500 0.250-0.250 OMWH8 C0690 0.375 0.125-0.250 OMWH8 C0700 0.125 0.125 0.000 OMWH8 C0710 0.125 0.125 0.000 OMWH8 C0720 0.125 0.125 0.000 OMWH8 C0730 0.125 0.125 0.000 OMWH8 C0740 0.125 0.125 0.000 OMWH8 C0750 0.125 0.125 0.000 OMWH8 C0760 0.125 0.125 0.000 OMWH8 C0780 0.125 0.125 0.000 OMWH8 C0800 0.125 0.125 0.000 OMWH8 C0820 0.125 0.125 0.000 OMWH8 C0850 0.125 0.125 0.000 OMWH8 C0860 0.125 0.125 0.000 OMWH8 C0900 0.125 0.125 0.000 OMWH8 C0950 0.125 0.125 0.000 OMWH8 C1000 0.125 0.125 0.000 OMWH8 C1200 0.125 0.125 0.000 OMWH8 P0530 0.125 0.125 0.000 OMWH8 P0550 0.125 0.125 0.000 OMWH8 P0560 0.125 0.250 0.125 OMWH8 P0570 0.375 0.875 0.500 OMWH8 P0580 1.000 2.125 1.125 OMWH8 P0590 2.375 2.500 5.625B 0.125A 4.375 2.000 OMWH8 P0595 3.375 6.125 2.750 OMWH8 P0600 4.875 8.125 3.250 OMWH8 P0610 8.625 13.125 4.500 OMWH8 P0620 13.875 17.000 19.875B 6.000A 19.500 5.625 OMWH8 P0630 20.500 27.000 6.500 OMWH8 P0640 28.125 35.375 7.250 OMWH8 P0650 36.500 44.375 7.875 OMWH8 P0660 45.500 53.625 8.125 OMWH8 P0670 54.875 63.250 8.375 OMWH8 P0700 84.125 92.875 8.750 OMWH8 P0730 114.000 122.750 8.750 OMWH8 P0735 119.000 127.750 8.750 OMWK8 C0100 526.000 518.250-7.750 OMWK8 C0620 25.250 21.625-3.625 OMWK8 C0630 20.875 21.500 24.250B 15.750A 17.750-3.125 OMWK8 C0640 17.250 14.625-2.625 OMWK8 C0645 15.625 13.125-2.500 OMWK8 C0650 14.125 11.875-2.250 OMWK8 C0660 11.625 9.750-1.875 OMWK8 C0680 7.875 6.500-1.375 OMWK8 C0700 5.250 4.375-0.875 OMWK8 C0740 2.500 2.125-0.375 OMWK8 C0750 2.125 1.750-0.375 OMWK8 C0800 1.000 0.750-0.250 OMWK8 P0530 0.125 0.375 0.250 OMWK8 P0560 1.625 2.625 1.000

OMWK8 P0590 7.250 9.625 2.375 OMWK8 P0600 10.500 13.375 2.875 OMWK8 P0620 19.250 23.375 4.125 OMWK8 P0640 31.250 36.375 5.125 OMWK8 P0670 53.500 59.625 6.125 OMWK8 P0740 116.500 123.750 7.250 OMWN8 C0100 534.000 527.000-7.000 OMWN8 C0580 61.125 56.000-5.125 OMWN8 C0630 32.125 28.375-3.750 OMWN8 C0640 28.000 24.625-3.375 OMWN8 C0650 24.500 21.250-3.250 OMWN8 C0660 21.375 18.500-2.875 OMWN8 C0700 12.625 10.500-2.125 OMWN8 C0730 8.750 7.000-1.750 OMWN8 C0750 6.875 5.375-1.500 OMWN8 C0760 6.125 4.750-1.375 OMWN8 C0770 5.500 4.250-1.250 OMWN8 C0800 4.000 3.000-1.000 OMWN8 C1000 1.000 0.625-0.375 OMWN8 P0610 17.875 20.625 2.750 OMWN8 P0620 22.750 25.750 3.000 OMWU8 C0100 529.750 525.250-4.500 OMWU8 C0630 36.375 33.500-2.875 OMWU8 C0660 26.125 23.750-2.375 OMWU8 C0680 21.000 18.875-2.125 OMWU8 C0700 17.000 15.125-1.875 OMWU8 C0750 10.375 9.000-1.375 OMWU8 P0580 12.625 13.875 1.250 OMWU8 P0600 20.625 22.125 1.500 OMWU8 P0620 30.875 32.375 1.500 OMWU8 P0630 36.625 38.250 1.625 OMWZ8 C0650 36.875 34.375-2.500 OMWZ8 C0700 24.250 20.750-3.500 OMWZ8 P0650 50.125 50.000-0.125

Wednesday, January 31, 2018-2:10:26 PM