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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, March 7</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3413 up 0.0003</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.79 3/4 DEC17 HI 3.98 1/2</u></div>
<div><u> LOW 3.73 1/4 LOW 3.93</u></div>
<div><u> CLOSE3.76 Down 2 1/2 CLOSE 3.96 Down 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 4.36 171.65 0.75 4.71 185.42</u></div>
<div><u>CK High 0.70 4.46 175.58 0.80 4.76 187.39</u></div>
<div><u>CK Avg 0.65 -0.47 4.41 173.61 0.79 -0.41 4.75 187.06</u></div>
<div><u>Essex Cty 0.50 4.26 167.71 0.75 4.71 185.42</u></div>
<div><u>Mdsx Low 0.65 4.41 173.61 0.80 4.76 187.39</u></div>
<div><u>Mdsx High 0.65 4.41 173.61 0.80 4.76 187.39</u></div>
<div><u>Mdsx Avg 0.65 -0.47 4.41 173.61 0.80 -0.41 4.76 187.39</u></div>
<div><u>Hensall 0.70 4.46 175.58 0.85 4.81 189.36</u></div>
<div><u>Bruce 0.70 4.46 175.58 0.80 4.76 187.39</u></div>
<div><u>Putnam 0.65 4.41 173.61 0.80 4.76 187.39</u></div>
<div><u>Burford 0.65 4.41 173.61 0.80 4.76 187.39</u></div>
<div><u>Port Perry 1.00 4.76 187.39 0.85 4.81 189.36</u></div>
<div><u>Norfolk 0.75 4.51 177.55 0.90 4.86 191.33</u></div>
<div><u>Palmerston 0.75 4.51 177.55 0.80 4.76 187.39</u></div>
<div><u>Varna 0.70 4.46 175.58 0.85 4.81 189.36</u></div>
<div><u>Trenton 1.00 4.76 187.39 0.85 4.81 189.36</u></div>
<div><u>Winchester 1.12 4.88 192.12 1.05 5.01 197.23</u></div>
<div><u>North Gower 1.12 4.88 192.12 1.00 4.96 195.27</u></div>
<div><u>Huron FOB 1.03 4.79 188.57 0.85 4.81 189.36</u></div>
<div><u>Kent FOB 0.95 4.71 185.42 0.80 4.76 187.39</u></div>
<div><u>Lamb FOB 1.00 4.76 187.39 0.80 4.76 187.39</u></div>
<div><u>Mdsx FOB 0.90 0.90 0.95N/A 4.66 183.46 0.80 4.76 187.39</u></div>
<div><u>FOB SW Que 1.22 4.98 196.05N/A</u></div>
<div><u>Track 1.23 4.99 196.25N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.20 1.20 1.23 4.91 193.30 1.00 4.96 195.27</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 4.91 193.30</u></div>
<div><u>Sarn-Eth 1.15 1.15 1.20 1.25 4.91 193.30N/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 1.23 1.03 4.99 196.45</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 5.09 200.38</u></div>
<div><u>W O Feed 1.39 5.15 202.90</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.69 5.45 214.56</u></div>
<div><u>Toledo El. -0.15 3.61 142.21 -0.34 3.62 142.71</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.81 189.36 0.95 4.91193 2/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 1 4.41</u></div>
<div><u>HI SD CRN 0.70 4.46</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 1.3413 up 0.0003</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.41 3/4 NOV17 HI 10.26 1/2</u></div>
<div><u> LOW 10.22 1/4 LOW 10.09 3/4</u></div>
<div><u> CLOSE10.25 1/4 Down 12 CLOSE 10.13 1/2 Down 8 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 12.95 475.922.65 12.79 469.77</u></div>
<div><u>CK High 2.80 13.05 479.602.70 12.84 471.61</u></div>
<div><u>CK Average 2.76 -0.5513.01 478.132.67 -0.5812.80 470.38</u></div>
<div><u>Essex Cty 2.70 12.95 475.922.70 12.84 471.61</u></div>
<div><u>Mdsx Low 2.76 13.01 478.132.63 12.77 469.03</u></div>
<div><u>Mdsx High 2.85 13.10 481.432.70 12.84 471.61</u></div>
<div><u>Mdsx Average 2.81 -0.5213.06 479.782.67 -0.5812.80 470.32</u></div>
<div><u>Hensall 2.80 13.05 479.602.70 12.84 471.61</u></div>
<div><u>Bruce 2.75 13.00 477.762.65 12.79 469.77</u></div>
<div><u>Putnam 2.75 13.00 477.762.65 12.79 469.77</u></div>
<div><u>Burford 2.85 13.10 481.432.72 12.86 472.34</u></div>
<div><u>Port Perry 2.76 13.01 478.132.63 12.77 469.03</u></div>
<div><u>Norfolk 2.85 13.10 481.432.80 12.94 475.28</u></div>
<div><u>Palmerston 2.75 13.00 477.762.70 12.84 471.61</u></div>
<div><u>Varna 2.75 13.00 477.762.70 12.84 471.61</u></div>
<div><u>Trenton 2.80 13.05 479.602.70 12.84 471.61</u></div>
<div><u>Winchester 2.82 13.07 480.332.88 13.02 478.22</u></div>
<div><u>North Gower 2.67 12.92 474.822.75 12.89 473.44</u></div>
<div><u>Huron FOB 2.85 13.10 481.432.80 12.94 475.28</u></div>
<div><u>Kent FOB 2.90 13.15 483.272.65 12.79 469.77</u></div>
<div><u>Lambton FOB 2.85 13.10 481.432.85 12.99 477.12</u></div>
<div><u>Middlesex FOB2.87 2.94 2.99 N/A 13.12 482.172.82 12.96 476.01</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.25 3.30 3.35 N/A 13.50 496.133.15 13.29 488.14</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.97 13.22 485.843.11 13.25 486.67</u></div>
<div><u>Sarnia 2.78 13.03 478.863.04 13.18 484.10</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.46 9.80 359.95-0.52 9.61 353.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3413 up 0.0003</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 4.60 1/2 JUL17 HI 4.74 3/4</u></div>
<div><u> LOW 4.50 3/4 LOW 4.65 1/4</u></div>
<div><u> CLOSE 4.56 1/2 Down 2 CLOSE 4.71 1/2 Down 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 5.44 1/2 SEP17 HI 5.58 1/4</u></div>
<div><u> LOW 5.36 LOW 5.53 1/2</u></div>
<div><u> CLOSE 5.39 1/2 Down 2 3/4 CLOSE 5.56 1/4 Down 1 1/2</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 0.82 0.82 0.82 0.37</u></div>
<div><u>CAD $/bu 5.39 5.39 5.39 5.76</u></div>
<div><u>CAD $/tonne 197.96 197.96 197.96 211.76</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 0.65 N/A N/A N/A 0.70 N/A</u></div>
<div><u>London 0.82 0.75 0.69 N/A 0.94 0.73 0.73 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 0.70 0.60</u></div>
<div><u>Essex N/A N/A 0.66 N/A N/A N/A 0.76 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 0.60 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 0.66 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.73 0.73 0.17 N/A 1.25 1.25 0.72</u></div>
<div><u>W O Feed 1.42</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia N/A N/A 0.96 N/A N/A N/A 1.06 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 1.13 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.56N/A N/A N/A 1.60N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.37US 5.86CA 4.57US 6.12CA</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 1.20 1.20 1.20 0.82</u></div>
<div><u>CAD $/bu 5.92 5.92 5.92 6.38</u></div>
<div><u>CAD $/tonne 217.40 217.40 217.40 234.51</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 498.58</u></div>
<div><u>DDG's FOB Srn & Aylm 160.00 - 165.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></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>
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