<HTML><HEAD>
<META content="text/html; charset=utf-8" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.19019"></HEAD>
<BODY style="MARGIN: 4px 4px 1px; FONT: 10pt Tahoma">
<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 4<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.9714 down 0.0033<BR>Chicago corn closed moderately lower.</DIV>
<DIV> </DIV>
<DIV> MAY11 HI 7.42 DEC11 HI 6.16 1/2<BR> LOW 7.23 1/4 LOW 6.04<BR> CLOSE7.28 Down 8 3/4 CLOSE 6.09 1/2 Down 6 1/4</DIV>
<DIV> </DIV>
<DIV> OLD CROP BASIS NEW CROP BASIS<BR>Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt<BR>ELEVATORS +MAY11+JUL11+JUL11<BR>CK Low -0.95 6.33 249.20 -1.00 5.10 200.58<BR>CK High -0.93 6.35 249.99 -0.98 5.12 201.37<BR>CK Avg -0.94 -0.74 6.34 249.59 -1.00 -0.84 5.10 200.71<BR>Essex Cty -0.95 6.33 249.20 -1.00 5.10 200.58<BR>Mdsx Low -0.95 6.33 249.20 -1.00 5.10 200.58<BR>Mdsx High -0.93 6.35 249.99 -1.00 5.10 200.58<BR>Mdsx Avg -0.94 -0.75 6.34 249.46 -1.00 -0.85 5.10 200.58<BR>Hensall -0.94 6.34 249.59 -1.00 5.10 200.58<BR>Bruce -0.93 6.35 249.99 -1.00 5.10 200.58<BR>Putnam -0.93 6.35 249.99 -1.00 5.10 200.58<BR>Princeton -0.95 6.33 249.20 -1.00 5.10 200.58<BR>Durham -1.00 6.28 247.23 -1.05 5.05 198.61<BR>Norfolk -0.93 6.35 249.99 -0.98 5.12 201.37<BR>Trenton -1.00 6.28 247.23 -0.95 5.15 202.55<BR>Winchester -0.90 6.38 251.17 -0.95 5.15 202.55<BR>North Gower -0.95 6.33 249.20 -0.85 5.25 206.49<BR>Huron FOB -0.90 6.38 251.17 -1.00 5.10 200.58<BR>Kent FOB -0.93 6.35 249.99 -0.98 5.12 201.37<BR>Lamb FOB -0.93 6.35 249.99 -0.98 5.12 201.37<BR>Mdsx FOB -0.90 -0.85 -0.90N/A 6.38 251.17 -1.00 5.10 200.58<BR>FOB SW Que -0.65 6.63 261.01 -0.70 5.40 212.39<BR>Track -0.52 6.77 266.33N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A -0.75 5.35 210.42<BR>Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.35 210.42<BR>Aylmer-Eth N/A -0.75 -0.75 -0.75 N/A<BR>Sarn-Eth -0.70 -0.70 -0.60 -0.60 6.58 259.04N/A<BR>Cllngwd-Eth -0.75N/A N/A N/A 6.53 257.07-0.70* 5.40 212.39<BR>Kwrth-Eth -0.75N/A N/A N/A 6.53 257.07N/A<BR>London-Cas N/A -0.65 -0.65 -0.65 -0.65 5.45 214.36<BR>Pt.Colb-Cas N/A N/A N/A N/A -0.55 5.55 218.30<BR>Cardnl-Cas N/A N/A N/A N/A -0.50 5.60 220.27<BR>W O Feed -0.56 -0.53 6.72 264.55</DIV>
<DIV> </DIV>
<DIV>US Rep -0.15 -0.12 7.13 280.70<BR>Toledo El. -0.18 7.10 279.71 -0.46 5.64 221.92</DIV>
<DIV> </DIV>
<DIV>TRANSFER<BR>Sarnia -0.95 6.33 249.20 -1.00 5.10 200.58<BR>Pt. Stanley -0.93 6.35 249.99 -0.97 5.13201 3/4<BR>Hamilton -0.59 6.69 263.37 -0.73 5.37211 1/5</DIV>
<DIV> </DIV>
<DIV>MID SD CRN -0.94 6.34<BR>HI SD CRN -0.93 6.35<BR>*Wet Bid</DIV>
<DIV> </DIV>
<DIV><BR>Bank of Canada Noon exchange rate was 0.9714 down 0.0033<BR>Chicago soybeans closed narrowly mixed.</DIV>
<DIV> </DIV>
<DIV> MAY11 HI 14.24 1/4 NOV11 HI 13.70<BR> LOW 13.95 3/4 LOW 13.45 1/4<BR> CLOSE14.14 Up 2 CLOSE 13.61 Down 1 1/2</DIV>
<DIV> </DIV>
<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +MAY1+MAY1+JUL11<BR>CK Low -1.30 12.84 471.79-1.50 12.11 444.97<BR>CK High -1.20 12.94 475.46-1.40 12.21 448.64<BR>CK Average -1.24 -0.8612.90 473.85-1.47-1.1212.14 446.22<BR>Essex Cty -1.18 12.96 476.20-1.38 12.23 449.38<BR>Mdsx Low -1.28 12.86 472.52-1.50 12.11 444.97<BR>Mdsx High -1.20 12.94 475.46-1.38 12.23 449.38<BR>Mdsx Average -1.23 -0.8412.91 474.48-1.43-1.0912.18 447.42<BR>Hensall -1.23 12.92 474.55-1.50 12.11 444.97<BR>Bruce -1.20 12.94 475.46-1.50 12.11 444.97<BR>Putnam -1.20 12.94 475.46-1.50 12.11 444.97<BR>Princeton -1.15 12.99 477.30-1.40 12.21 448.64<BR>Durham -1.29 12.85 472.16-1.40 12.21 448.64<BR>Norfolk -1.16 12.98 476.93-1.44 12.17 447.17<BR>Trenton -1.45 12.69 466.28-1.40 12.21 448.64<BR>Winchester -1.40 12.74 468.11-1.33 12.28 451.21<BR>North Gower -1.40 12.74 468.11-1.30 12.31 452.32<BR>Huron FOB -1.15 12.99 477.30-1.40 12.21 448.64<BR>Kent FOB -1.21 12.93 475.10-1.49 12.12 445.33<BR>Lambton FOB -1.21 12.93 475.10-1.49 12.12 445.33<BR>Middlesex FOB-1.14-1.10-1.05 N/A 13.00 477.67-1.07 12.54 460.77</DIV>
<DIV> </DIV>
<DIV>PROCESSORS<BR>Hamilton -0.90-0.85-0.85-0.80 13.24 486.49-0.80 12.81 470.69<BR>Windsor -0.75-0.75-0.75-0.79 13.39 492.00-1.01 12.60 462.97<BR>Winchester -1.30 12.84 471.79-1.19 12.42 456.36</DIV>
<DIV> </DIV>
<DIV>TRANSFER<BR>Hamilton -0.90 N/A N/A N/A 13.24 486.49-0.80 12.81 470.69<BR>Pt. Stanley -1.35 12.79 469.95-1.25 12.36 454.15<BR>Sarnia -0.98 13.16 483.55-0.90 12.71 467.01<BR>Owen Sound N/A N/A<BR>Sorel QC -0.55 13.59 499.35-0.45 13.16 483.55</DIV>
<DIV> </DIV>
<DIV>Toledo El. -0.24 13.90 510.62-0.47 13.14 482.89</DIV>
<DIV> </DIV>
<DIV><BR>Bank of Canada Noon exchange rate was 0.9714 down 0.0033<BR>Chicago wheat closed slightly higher.<BR>MAY11 HI 8.37 1/2 JUL11 HI 8.64 1/2<BR> LOW 8.13 3/4 LOW 8.42 1/2<BR> CLOSE 8.32 1/4 Up 8 3/4 CLOSE 8.60 Up 7</DIV>
<DIV> </DIV>
<DIV>Minni wheat closed slightly to moderately higher.<BR>MAY11 HI 9.70 SEP11 HI 9.69<BR> LOW 9.47 3/4 LOW 9.52 3/4<BR> CLOSE 9.65 1/4 Up 13 3/4 CLOSE 9.65 3/4 Up 9 1/2</DIV>
<DIV> </DIV>
<DIV>GFO Cash Wheat Prices - DEL Terminal<BR>Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -1.05 -0.57 -1.05 -0.68<BR>CAD $/bu 7.27 7.76 7.27 8.97<BR>CAD $/tonne 267.09 284.96 267.09 329.64</DIV>
<DIV> </DIV>
<DIV><BR>Direct MarkHarvest 2010 Harvest 2011<BR> DELIVERED BASIS DELIVERED BASIS<BR>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<BR>ELEVATORS<BR>Brgssvll N/A -0.70 -1.25 N/A N/A -1.25 -2.15 N/A<BR>London -0.96 -0.72 -1.16 N/A -1.37 -1.42 -2.15 N/A<BR>Hensall -0.85 N/A -1.20 N/A -1.20 N/A -2.15 N/A<BR>Trenton N/A N/A N/A N/A N/A N/A -2.00 N/A<BR>Winchester N/A N/A N/A N/A N/A N/A N/A -1.30<BR>Essex N/A N/A -1.29 N/A N/A N/A -2.15 N/A<BR>Norwich -0.85 N/A -1.20 N/A -1.10 N/A -2.15 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.85 N/A -1.20 N/A -1.10 N/A -2.15 N/A<BR>Chatham N/A -0.50 -1.25 N/A N/A -1.40 -2.13 N/A<BR>Brigden N/A -0.50 -1.25 N/A N/A -1.40 -2.13 N/A<BR>Palmerston N/A -0.59 -1.34 -0.17 N/A -1.07 -2.18 -0.96<BR>Mitchell -0.85 -0.75 -1.20 N/A -1.20 -1.25 -2.15 N/A<BR>Thornton N/A N/A N/A -1.54 N/A N/A N/A -1.70<BR>North Gower N/A N/A N/A N/A N/A N/A N/A -1.34</DIV>
<DIV> </DIV>
<DIV>TERMINAL<BR>Sarnia -1.21 -0.53 -1.97 N/A -1.10 -0.91 -1.74 N/A<BR>Hamilton N/A N/A -0.60 N/A N/A N/A -1.35 N/A<BR>Pt. Stanley N/A N/A -1.05 N/A N/A N/A -1.80 N/A</DIV>
<DIV> </DIV>
<DIV>PROCESSORS<BR>Toledo FM N/A 0.22 -0.66 N/A 0.03 -0.02 -0.80 N/A</DIV>
<DIV> </DIV>
<DIV>Toledo El. 7.81US 7.60CA 7.87US 7.67CA</DIV>
<DIV> </DIV>
<DIV>GFO Contract Wheat Prices - DEL Terminal<BR>Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -1.14 -0.80 -1.73 -0.98<BR>CAD $/bu 7.46 7.80 6.87 8.68<BR>CAD $/tonne 273.97 286.50 252.48 319.00</DIV>
<DIV> </DIV>
<DIV>(C)-Basis over the Chicago Board of Trade futures<BR>(M)-Basis over the Minneapolis Grain Exchange</DIV>
<DIV> </DIV>
<DIV>FEED GRAINS<BR>Bayport Wheat 295.00<BR>Bayport Oats 320.00<BR>Bayport Barley 255.00<BR>FOB Hm Soymeal 396.51<BR>DDG's FOB Srn, Wndr, Aylm 190.00 - 205.00<BR></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>John Jordan<BR>Editor, AgriLink and Farm Market News<BR>University of Guelph, Ridgetown Campus<BR>Tel. 519-674-1500 x 63577</DIV>
<DIV>Fax. 519-674-1530<BR>E-mail: jjordan@ridgetownc.uoguelph.ca<BR>AgriLink website : www.ridgetownc.com/agrilink </DIV></BODY></HTML>