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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3419 up 0.0035</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.81 3/4 DEC17 HI 4.00</u></div>
<div><u> LOW 3.77 1/2 LOW 3.96 1/2</u></div>
<div><u> CLOSE3.80 3/4 Up 1 1/4 CLOSE 3.99 1/4 Up 3/4</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 4.41 173.52 0.75 4.74 186.70</u></div>
<div><u>CK High 0.70 4.51 177.45 0.80 4.79 188.67</u></div>
<div><u>CK Avg 0.65 -0.48 4.46 175.48 0.79 -0.41 4.78 188.34</u></div>
<div><u>Essex Cty 0.50 4.31 169.58 0.75 4.74 186.70</u></div>
<div><u>Mdsx Low 0.65 4.46 175.48 0.80 4.79 188.67</u></div>
<div><u>Mdsx High 0.65 4.46 175.48 0.80 4.79 188.67</u></div>
<div><u>Mdsx Avg 0.65 -0.48 4.46 175.48 0.80 -0.41 4.79 188.67</u></div>
<div><u>Hensall 0.68 4.48 176.47 0.83 4.82 189.66</u></div>
<div><u>Bruce 0.70 4.51 177.45 0.80 4.79 188.67</u></div>
<div><u>Putnam 0.65 4.46 175.48 0.80 4.79 188.67</u></div>
<div><u>Burford 0.65 4.46 175.48 0.80 4.79 188.67</u></div>
<div><u>Port Perry 1.00 4.81 189.26 0.85 4.84 190.64</u></div>
<div><u>Norfolk 0.75 4.56 179.42 0.90 4.89 192.61</u></div>
<div><u>Palmerston 0.75 4.56 179.42 0.80 4.79 188.67</u></div>
<div><u>Varna 0.70 4.51 177.45 0.80 4.79 188.67</u></div>
<div><u>Trenton 1.00 4.81 189.26 0.85 4.84 190.64</u></div>
<div><u>Winchester 1.15 4.96 195.17 1.10 5.09 200.48</u></div>
<div><u>North Gower 1.12 4.93 193.99 1.00 4.99 196.55</u></div>
<div><u>Huron FOB 0.98 4.79 188.48 0.82 4.81 189.46</u></div>
<div><u>Kent FOB 0.95 4.76 187.29 0.80 4.79 188.67</u></div>
<div><u>Lamb FOB 1.00 4.81 189.26 0.80 4.79 188.67</u></div>
<div><u>Mdsx FOB 0.90 0.90 0.95N/A 4.71 185.33 0.80 4.79 188.67</u></div>
<div><u>FOB SW Que 1.15 4.96 195.17N/A</u></div>
<div><u>Track 1.23 5.03 198.12N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.20 1.20 1.23 4.96 195.17 1.00 4.99 196.55</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 4.94 194.58</u></div>
<div><u>Sarn-Eth 1.15 1.15 1.20 1.25 4.96 195.17N/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 1.20 1.03 5.02 197.73</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 5.12 201.66</u></div>
<div><u>W O Feed 1.38 5.19 204.38</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.76 5.57 219.18</u></div>
<div><u>Toledo El. -0.15 3.66 144.10 -0.33 3.66 144.02</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.86 191.23 0.95 4.94194 4/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 1 4.45 3/4</u></div>
<div><u>HI SD CRN 0.70 4.50 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 1.3419 up 0.0035</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.41 NOV17 HI 10.24 1/2</u></div>
<div><u> LOW 10.28 3/4 LOW 10.12 3/4</u></div>
<div><u> CLOSE10.37 1/2 Up 1/4 CLOSE 10.22 Up 1/4</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 2.70 13.08 480.422.60 12.82 471.05</u></div>
<div><u>CK High 2.73 13.11 481.532.70 12.92 474.73</u></div>
<div><u>CK Average 2.71 -0.6113.08 480.612.64 -0.6012.86 472.52</u></div>
<div><u>Essex Cty 2.70 13.08 480.422.70 12.92 474.73</u></div>
<div><u>Mdsx Low 2.71 13.09 480.792.59 12.81 470.69</u></div>
<div><u>Mdsx High 2.75 13.13 482.262.65 12.87 472.89</u></div>
<div><u>Mdsx Average 2.73 -0.5913.11 481.532.62 -0.6212.84 471.79</u></div>
<div><u>Hensall 2.75 13.13 482.262.68 12.90 473.81</u></div>
<div><u>Bruce 2.75 13.13 482.262.65 12.87 472.89</u></div>
<div><u>Putnam 2.75 13.13 482.262.65 12.87 472.89</u></div>
<div><u>Burford 2.82 13.20 484.832.71 12.93 475.10</u></div>
<div><u>Port Perry 2.73 13.11 481.532.62 12.84 471.79</u></div>
<div><u>Norfolk 2.75 13.13 482.262.80 13.02 478.40</u></div>
<div><u>Palmerston 2.75 13.13 482.262.70 12.92 474.73</u></div>
<div><u>Varna 2.70 13.08 480.422.65 12.87 472.89</u></div>
<div><u>Trenton 2.75 13.13 482.262.65 12.87 472.89</u></div>
<div><u>Winchester 2.82 13.20 484.832.85 13.07 480.24</u></div>
<div><u>North Gower 2.70 13.08 480.422.79 13.01 478.04</u></div>
<div><u>Huron FOB 2.85 13.23 485.942.80 13.02 478.40</u></div>
<div><u>Kent FOB 2.80 13.18 484.102.65 12.87 472.89</u></div>
<div><u>Lambton FOB 2.85 13.23 485.942.85 13.07 480.24</u></div>
<div><u>Middlesex FOB2.81 2.88 2.92 N/A 13.19 484.472.72 12.94 475.46</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.25 3.30 3.38 N/A 13.63 500.633.15 13.37 491.26</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.98 13.36 490.713.11 13.33 489.79</u></div>
<div><u>Sarnia 2.71 13.09 480.792.98 13.20 485.02</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.48 9.89 363.50-0.52 9.70 356.36</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3419 up 0.0035</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 4.55 1/2 JUL17 HI 4.70 1/4</u></div>
<div><u> LOW 4.48 LOW 4.62 3/4</u></div>
<div><u> CLOSE 4.53 1/2 Up 3/4 CLOSE 4.68 1/4 Up 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 5.52 1/2 SEP17 HI 5.64</u></div>
<div><u> LOW 5.45 3/4 LOW 5.58 1/2</u></div>
<div><u> CLOSE 5.47 3/4 Down 5 1/4 CLOSE 5.60 1/2 Down 4</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 0.38</u></div>
<div><u>CAD $/bu 5.34 5.34 5.34 5.86</u></div>
<div><u>CAD $/tonne 196.09 196.09 196.09 215.41</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 0.80 0.73 0.67 N/A 0.91 0.71 0.71 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 0.65 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Brigden N/A N/A 0.65 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Palmerston N/A 0.70 0.55 N/A N/A 0.65 0.60 0.60</u></div>
<div><u>Varna 0.75 0.65 0.65 N/A 1.00 0.70 0.70 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 0.53 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.70 0.70 0.20 N/A 1.22 1.22 0.74</u></div>
<div><u>W O Feed 1.38</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 1.11 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.54N/A N/A N/A 1.58N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.29US 5.74CA 4.53US 6.06CA</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 1.18 1.18 1.18 0.82</u></div>
<div><u>CAD $/bu 5.86 5.86 5.86 6.43</u></div>
<div><u>CAD $/tonne 215.32 215.32 215.32 236.08</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 501.56</u></div>
<div><u>DDG's FOB Srn & Aylm 160.00 - 165.00</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:#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><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;
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
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