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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 28</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3248 up 0.0147</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.86 1/4 DEC17 HI 4.04</u></div>
<div><u> LOW 3.68 1/2 LOW 3.88 3/4</u></div>
<div><u> CLOSE3.73 3/4 Up 5 1/2 CLOSE 3.93 3/4 Up 5</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 +MAY17+MAY17+JUL17</u></div>
<div><u>CK Low 0.60 4.34 170.76 0.75 4.69 184.54</u></div>
<div><u>CK High 0.70 4.44 174.70 0.80 4.74 186.51</u></div>
<div><u>CK Avg 0.63 -0.45 4.37 172.07 0.78 -0.39 4.71 185.52</u></div>
<div><u>Essex Cty 0.50 4.24 166.82 0.75 4.69 184.54</u></div>
<div><u>Mdsx Low 0.60 4.34 170.76 0.75 4.69 184.54</u></div>
<div><u>Mdsx High 0.65 4.39 172.73 0.80 4.74 186.51</u></div>
<div><u>Mdsx Avg 0.63 -0.46 4.36 171.74 0.78 -0.39 4.71 185.52</u></div>
<div><u>Hensall 0.65 4.39 172.73 0.78 4.71 185.52</u></div>
<div><u>Bruce 0.70 4.44 174.70 0.80 4.74 186.51</u></div>
<div><u>Putnam 0.60 4.34 170.76 0.80 4.74 186.51</u></div>
<div><u>Burford 0.65 4.39 172.73 0.80 4.74 186.51</u></div>
<div><u>Port Perry 0.95 4.69 184.54 0.80 4.74 186.51</u></div>
<div><u>Norfolk 0.75 4.49 176.67 0.90 4.84 190.44</u></div>
<div><u>Palmerston 0.75 4.49 176.67 0.80 4.74 186.51</u></div>
<div><u>Varna 0.65 4.39 172.73 0.80 4.74 186.51</u></div>
<div><u>Trenton 1.00 4.74 186.51 0.80 4.74 186.51</u></div>
<div><u>Winchester 1.17 4.91 193.20 1.09 5.03 197.92</u></div>
<div><u>North Gower 1.07 4.81 189.26 1.00 4.94 194.38</u></div>
<div><u>Huron FOB 0.95 4.69 184.54 0.85 4.79 188.48</u></div>
<div><u>Kent FOB 0.97 4.71 185.33 0.80 4.74 186.51</u></div>
<div><u>Lamb FOB 1.00 4.74 186.51 0.75 4.69 184.54</u></div>
<div><u>Mdsx FOB N/A 0.90 0.90 0.95 0.80 4.74 186.51</u></div>
<div><u>FOB SW Que 1.15 4.89 192.41N/A</u></div>
<div><u>Track 1.20 4.94 194.38N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.15 1.20 1.20 1.00 4.94 194.38</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.20 0.95 4.89 192.41</u></div>
<div><u>Sarn-Eth N/A 1.15 1.15 1.20 N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.03 4.97 195.56</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 1.45 1.13 5.07 199.50</u></div>
<div><u>W O Feed 1.37 5.11 201.15</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.62 5.36 210.92</u></div>
<div><u>Toledo El. -0.15 3.59 141.38 -0.33 3.61 141.94</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.98 4.72 185.72 0.95 4.89192 2/5</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 1 4.38 3/4</u></div>
<div><u>HI SD CRN 0.70 4.43 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3248 up 0.0147</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.56 1/4 NOV17 HI 10.33 1/2</u></div>
<div><u> LOW 10.23 1/4 LOW 10.06 3/4</u></div>
<div><u> CLOSE10.35 3/4 Up 13 3/4 CLOSE 10.18 1/4 Up 12</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 BasisU.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAY1+MAY1+MAY17</u></div>
<div><u>CK Low 2.45 12.81 470.602.40 12.58 462.33</u></div>
<div><u>CK High 2.55 12.91 474.272.46 12.64 464.53</u></div>
<div><u>CK Average 2.52 -0.6712.88 473.292.44 -0.6812.62 463.61</u></div>
<div><u>Essex Cty 2.55 12.91 474.272.45 12.63 464.16</u></div>
<div><u>Mdsx Low 2.54 12.90 473.902.44 12.62 463.80</u></div>
<div><u>Mdsx High 2.60 12.96 476.112.50 12.68 466.00</u></div>
<div><u>Mdsx Average 2.57 -0.6312.93 475.002.47 -0.6512.65 464.90</u></div>
<div><u>Hensall 2.53 12.88 473.352.48 12.66 465.08</u></div>
<div><u>Bruce 2.60 12.96 476.112.50 12.68 466.00</u></div>
<div><u>Putnam 2.60 12.96 476.112.50 12.68 466.00</u></div>
<div><u>Burford 2.63 12.99 477.212.53 12.71 467.10</u></div>
<div><u>Port Perry 2.54 12.90 473.902.44 12.62 463.80</u></div>
<div><u>Norfolk 2.55 12.91 474.272.55 12.73 467.84</u></div>
<div><u>Palmerston 2.55 12.91 474.272.45 12.63 464.16</u></div>
<div><u>Varna 2.45 12.81 470.602.45 12.63 464.16</u></div>
<div><u>Trenton 2.55 12.91 474.272.50 12.68 466.00</u></div>
<div><u>Winchester 2.74 13.10 481.252.78 12.96 476.29</u></div>
<div><u>North Gower 2.38 12.74 468.022.59 12.77 469.31</u></div>
<div><u>Huron FOB 2.55 12.91 474.272.55 12.73 467.84</u></div>
<div><u>Kent FOB 2.60 12.96 476.112.40 12.58 462.33</u></div>
<div><u>Lambton FOB 2.65 13.01 477.942.65 12.83 471.51</u></div>
<div><u>Middlesex FOB N/A 2.64 2.71 2.75 2.57 12.75 468.57</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.15 3.15 3.20 N/A 13.51 496.323.05 13.23 486.21</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.65 13.01 477.942.79 12.97 476.66</u></div>
<div><u>Sarnia 2.32 12.68 465.822.69 12.87 472.98</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.53 9.83 361.04-0.52 9.66 355.11</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3248 up 0.0147</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 4.54 1/2 JUL17 HI 4.68</u></div>
<div><u> LOW 4.39 LOW 4.53 3/4</u></div>
<div><u> CLOSE 4.43 3/4 Up 5 CLOSE 4.58 1/2 Up 5 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed steady to slightly higher.</u></div>
<div><u>MAY17 HI 5.59 1/4 SEP17 HI 5.70 3/4</u></div>
<div><u> LOW 5.47 1/2 LOW 5.59 3/4</u></div>
<div><u> CLOSE 5.50 1/4 Up 2 CLOSE 5.60 3/4 Unchanged</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.73 0.73 0.73 0.35</u></div>
<div><u>CAD $/bu 5.17 5.17 5.17 5.85</u></div>
<div><u>CAD $/tonne 189.87 189.87 189.87 215.03</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2016 Harvest 2017</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 0.60 N/A N/A N/A 0.60 N/A</u></div>
<div><u>London 0.62 0.55 0.55 N/A 0.81 0.67 0.67 N/A</u></div>
<div><u>Hensall 0.70 N/A 0.60 N/A 0.80 N/A 0.60 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A</u></div>
<div><u>Bruce 0.70 0.70 0.60 0.40 0.80 0.65 0.60 0.60</u></div>
<div><u>Essex N/A N/A 0.47 N/A N/A N/A 0.58 N/A</u></div>
<div><u>Norwich 0.70 N/A 0.60 N/A 0.80 N/A 0.60 N/A</u></div>
<div><u>Port Hope N/A N/A 0.65 N/A N/A 0.65 0.70 N/A</u></div>
<div><u>Kent Bridge 0.70 N/A 0.60 N/A 0.80 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A N/A 0.60 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.60 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Palmerston N/A 0.70 0.55 0.40 N/A 0.65 0.60 0.60</u></div>
<div><u>Varna 0.70 0.60 0.60 N/A 0.95 0.65 0.65 N/A</u></div>
<div><u>Mitchell 0.70 0.60 0.60 N/A 0.80 0.60 0.60 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.22 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.50 0.50 0.05 N/A 1.08 1.08 0.61</u></div>
<div><u>W O Feed 1.35</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 0.95 0.60 0.75 N/A 1.11 0.76 0.90 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 1.00 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.46N/A N/A N/A 1.50N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.20US 5.58CA 4.44US 5.89CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.11 1.11 1.11 0.78</u></div>
<div><u>CAD $/bu 5.69 5.69 5.69 6.38</u></div>
<div><u>CAD $/tonne 209.08 209.08 209.08 234.57</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 500.90</u></div>
<div><u>DDG's FOB Srn & Aylm 155.00 - 160.00</u></div>
<div><u><br>
</u></div>
<u></u><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">Blair Andrews</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<span style="background:#FDFDFD">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">Tel.<span class="apple-converted-space"> </span></span></span><span style="font-size: 11pt; line-height: 115%; font-family: Calibri, sans-serif;"><a href="callto:519-674-1500"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1500</span></a></span><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
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