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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 1</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3346 up 0.0098</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.82 1/4 DEC17 HI 4.01 1/2</u></div>
<div><u> LOW 3.72 1/4 LOW 3.92 1/2</u></div>
<div><u> CLOSE3.82 Up 8 1/4 CLOSE 4.01 1/4 Up 7 1/2</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+JUL17+JUL17</u></div>
<div><u>CK Low 0.60 4.42 174.01 0.75 4.76 187.49</u></div>
<div><u>CK High 0.75 4.57 179.91 0.80 4.81 189.46</u></div>
<div><u>CK Avg 0.66 -0.47 4.48 176.30 0.79 -0.41 4.80 189.13</u></div>
<div><u>Essex Cty 0.50 4.32 170.07 0.75 4.76 187.49</u></div>
<div><u>Mdsx Low 0.65 4.47 175.98 0.80 4.81 189.46</u></div>
<div><u>Mdsx High 0.65 4.47 175.98 0.80 4.81 189.46</u></div>
<div><u>Mdsx Avg 0.65 -0.47 4.47 175.98 0.80 -0.40 4.81 189.46</u></div>
<div><u>Hensall 0.68 4.50 176.96 0.80 4.81 189.46</u></div>
<div><u>Bruce 0.70 4.52 177.94 0.80 4.81 189.46</u></div>
<div><u>Putnam 0.60 4.42 174.01 0.80 4.81 189.46</u></div>
<div><u>Burford 0.65 4.47 175.98 0.80 4.81 189.46</u></div>
<div><u>Port Perry 0.95 4.77 187.79 0.80 4.81 189.46</u></div>
<div><u>Norfolk 0.75 4.57 179.91 0.90 4.91 193.40</u></div>
<div><u>Palmerston N/A 0.80 4.81 189.46</u></div>
<div><u>Varna 0.65 4.47 175.98 0.80 4.81 189.46</u></div>
<div><u>Trenton 1.00 4.82 189.76 0.80 4.81 189.46</u></div>
<div><u>Winchester 1.20 5.02 197.63 1.12 5.13 202.06</u></div>
<div><u>North Gower 1.12 4.94 194.48 1.00 5.01 197.33</u></div>
<div><u>Huron FOB 0.95 4.77 187.79 0.85 4.86 191.43</u></div>
<div><u>Kent FOB 0.95 4.77 187.79 0.80 4.81 189.46</u></div>
<div><u>Lamb FOB 1.00 4.82 189.76 0.80 4.81 189.46</u></div>
<div><u>Mdsx FOB 0.90 0.90 0.95N/A 4.72 185.82 0.80 4.81 189.46</u></div>
<div><u>FOB SW Que 1.15 4.97 195.66N/A</u></div>
<div><u>Track 1.23 5.05 198.61N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.20 1.20 1.23 4.97 195.66 1.00 5.01 197.33</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 1.25 0.95 4.96 195.36</u></div>
<div><u>Sarn-Eth 1.15 1.15 1.20 1.25 4.97 195.66N/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 1.25 1.03 5.04 198.51</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 1.45N/A 1.13 5.14 202.45</u></div>
<div><u>W O Feed 1.37 5.19 204.40</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.62 5.44 214.16</u></div>
<div><u>Toledo El. -0.15 3.67 144.61 -0.33 3.68 144.84</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.87 191.72 0.95 4.96195 3/8</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.49 1/2</u></div>
<div><u>HI SD CRN 0.75 4.57</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 1.3346 up 0.0098</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.52 1/4 NOV17 HI 10.33</u></div>
<div><u> LOW 10.35 LOW 10.17 3/4</u></div>
<div><u> CLOSE10.51 3/4 Up 16 CLOSE 10.32 1/4 Up 14</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+JUL17</u></div>
<div><u>CK Low 2.60 13.12 481.992.50 12.82 471.15</u></div>
<div><u>CK High 2.65 13.17 483.822.55 12.87 472.98</u></div>
<div><u>CK Average 2.63 -0.6713.15 483.212.53 -0.6812.85 472.25</u></div>
<div><u>Essex Cty 2.60 13.12 481.992.50 12.82 471.15</u></div>
<div><u>Mdsx Low 2.65 13.17 483.822.51 12.83 471.51</u></div>
<div><u>Mdsx High 2.70 13.22 485.662.60 12.92 474.82</u></div>
<div><u>Mdsx Average 2.68 -0.6313.19 484.742.56 -0.6712.88 473.17</u></div>
<div><u>Hensall 2.65 13.17 483.822.58 12.90 473.90</u></div>
<div><u>Bruce 2.70 13.22 485.662.60 12.92 474.82</u></div>
<div><u>Putnam 2.60 13.12 481.992.50 12.82 471.15</u></div>
<div><u>Burford 2.74 13.26 487.132.60 12.92 474.82</u></div>
<div><u>Port Perry 2.65 13.17 483.822.51 12.83 471.51</u></div>
<div><u>Norfolk 2.65 13.17 483.822.65 12.97 476.66</u></div>
<div><u>Palmerston 2.45 12.97 476.472.45 12.77 469.31</u></div>
<div><u>Varna 2.45 12.97 476.472.45 12.77 469.31</u></div>
<div><u>Trenton 2.60 13.12 481.992.55 12.87 472.98</u></div>
<div><u>Winchester 2.83 13.35 490.442.87 13.19 484.74</u></div>
<div><u>North Gower 2.60 13.12 481.992.76 13.08 480.70</u></div>
<div><u>Huron FOB 2.70 13.22 485.662.65 12.97 476.66</u></div>
<div><u>Kent FOB 2.70 13.22 485.662.50 12.82 471.15</u></div>
<div><u>Lambton FOB 2.80 13.32 489.332.80 13.12 482.17</u></div>
<div><u>Middlesex FOB2.76 2.81 2.85 N/A 13.28 487.862.64 12.96 476.29</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.20 3.25 3.30 N/A 13.72 504.033.10 13.42 493.19</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.87 13.39 491.912.98 13.30 488.78</u></div>
<div><u>Sarnia 2.71 13.23 486.032.98 13.30 488.78</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.48 10.04 368.79-0.52 9.80 360.18</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3346 up 0.0098</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>MAY17 HI 4.57 3/4 JUL17 HI 4.71 1/4</u></div>
<div><u> LOW 4.42 1/4 LOW 4.57</u></div>
<div><u> CLOSE 4.57 Up 13 1/4 CLOSE 4.70 3/4 Up 12 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAY17 HI 5.61 3/4 SEP17 HI 5.71 3/4</u></div>
<div><u> LOW 5.50 1/2 LOW 5.61 3/4</u></div>
<div><u> CLOSE 5.61 1/2 Up 11 1/4 CLOSE 5.71 3/4 Up 11</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 0.80 0.80 0.80 0.41</u></div>
<div><u>CAD $/bu 5.37 5.37 5.37 6.03</u></div>
<div><u>CAD $/tonne 197.18 197.18 197.18 221.46</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 0.76 0.70 0.66 N/A 0.87 0.74 0.74 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 0.59 N/A N/A N/A 0.69 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 0.65 N/A</u></div>
<div><u>Brigden N/A N/A 0.60 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Palmerston N/A N/A N/A N/A 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 0.40 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.63 0.63 0.15 N/A 1.15 1.15 0.68</u></div>
<div><u>W O Feed 1.35</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.05 N/A 0.80 N/A 1.10 0.75 1.04 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 1.03 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.53N/A N/A N/A 1.57N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.31US 5.75CA 4.56US 6.08CA</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 1.17 1.17 1.17 0.84</u></div>
<div><u>CAD $/bu 5.88 5.88 5.88 6.56</u></div>
<div><u>CAD $/tonne 215.96 215.96 215.96 240.95</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 508.50</u></div>
<div><u>DDG's FOB Srn & Aylm 155.00 - 160.00</u></div>
<div><u><br>
</u></div>
<div><u></u>
<p class="MsoNormal"><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: rgb(253, 253, 253);">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background: rgb(253, 253, 253);">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background: rgb(253, 253, 253);">Tel.<span class="apple-converted-space"> </span></span></span><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 class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">x
63577<span class="apple-converted-space"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1530</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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