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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, March 14</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3463 up 0.0010</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.64 1/2 DEC17 HI 3.86 1/4</u></div>
<div><u> LOW 3.60 LOW 3.81 1/2</u></div>
<div><u> CLOSE3.62 1/4 Up 1 1/4 CLOSE 3.84 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 0.70 4.32 170.17 0.75 4.59 180.80</u></div>
<div><u>CK High 0.70 4.32 170.17 0.80 4.64 182.77</u></div>
<div><u>CK Avg 0.70 -0.41 4.32 170.17 0.79 -0.40 4.63 182.44</u></div>
<div><u>Essex Cty 0.55 4.17 164.26 0.75 4.59 180.80</u></div>
<div><u>Mdsx Low 0.70 4.32 170.17 0.80 4.64 182.77</u></div>
<div><u>Mdsx High 0.70 4.32 170.17 0.85 4.69 184.74</u></div>
<div><u>Mdsx Avg 0.70 -0.41 4.32 170.17 0.83 -0.38 4.67 183.75</u></div>
<div><u>Hensall 0.70 4.32 170.17 0.85 4.69 184.74</u></div>
<div><u>Bruce 0.70 4.32 170.17 0.85 4.69 184.74</u></div>
<div><u>Putnam 0.70 4.32 170.17 0.85 4.69 184.74</u></div>
<div><u>Burford 0.70 4.32 170.17 0.80 4.64 182.77</u></div>
<div><u>Port Perry 0.95 4.57 180.01 0.85 4.69 184.74</u></div>
<div><u>Norfolk 0.80 4.42 174.11 0.90 4.74 186.70</u></div>
<div><u>Palmerston 0.75 4.37 172.14 0.80 4.64 182.77</u></div>
<div><u>Varna 0.70 4.32 170.17 0.85 4.69 184.74</u></div>
<div><u>Trenton 1.00 4.62 181.98 0.90 4.74 186.70</u></div>
<div><u>Winchester 1.17 4.79 188.67 1.11 4.95 194.97</u></div>
<div><u>North Gower 1.12 4.74 186.70 1.10 4.94 194.58</u></div>
<div><u>Huron FOB 1.03 4.65 183.16 0.85 4.69 184.74</u></div>
<div><u>Kent FOB 0.95 4.57 180.01 0.80 4.64 182.77</u></div>
<div><u>Lamb FOB 1.00 4.62 181.98 0.80 4.64 182.77</u></div>
<div><u>Mdsx FOB 0.90 0.90 0.95N/A 4.52 178.04 0.80 4.64 182.77</u></div>
<div><u>FOB SW Que 1.23 4.85 191.03N/A</u></div>
<div><u>Track 1.19 4.81 189.46N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.20 1.20 1.23 1.00 4.84 190.64</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 1.15 1.00 4.84 190.64</u></div>
<div><u>Sarn-Eth 1.10 1.15 1.20 1.25 4.72 185.92N/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 1.10 4.94 194.58</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 1.50N/A 1.20 5.04 198.51</u></div>
<div><u>W O Feed 1.37 5.00 196.70</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.66 5.28 207.96</u></div>
<div><u>Toledo El. -0.15 3.47 136.78 -0.34 3.51 138.02</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.72 185.92 0.95 4.79188 2/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.70 4.32 1/4</u></div>
<div><u>HI SD CRN 0.70 4.32 1/4</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 1.3463 up 0.0010</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.08 NOV17 HI 10.03 1/2</u></div>
<div><u> LOW 9.92 LOW 9.87 1/2</u></div>
<div><u> CLOSE9.99 1/4 Down 6 3/4 CLOSE 9.94 1/2 Down 7 3/4</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 2.72 12.71 467.102.60 12.55 460.95</u></div>
<div><u>CK High 2.80 12.79 470.042.65 12.60 462.79</u></div>
<div><u>CK Average 2.76 -0.5312.75 468.392.63 -0.6112.57 461.87</u></div>
<div><u>Essex Cty 2.75 12.74 468.212.60 12.55 460.95</u></div>
<div><u>Mdsx Low 2.72 12.71 467.102.62 12.57 461.68</u></div>
<div><u>Mdsx High 2.80 12.79 470.042.65 12.60 462.79</u></div>
<div><u>Mdsx Average 2.76 -0.5212.75 468.572.64 -0.6012.58 462.24</u></div>
<div><u>Hensall 2.80 12.79 470.042.68 12.62 463.71</u></div>
<div><u>Bruce 2.80 12.79 470.042.65 12.60 462.79</u></div>
<div><u>Putnam 2.80 12.79 470.042.65 12.60 462.79</u></div>
<div><u>Burford 2.81 12.80 470.412.71 12.66 464.99</u></div>
<div><u>Port Perry 2.72 12.71 467.102.62 12.57 461.68</u></div>
<div><u>Norfolk 2.81 12.80 470.412.76 12.71 466.83</u></div>
<div><u>Palmerston 2.75 12.74 468.212.65 12.60 462.79</u></div>
<div><u>Varna 2.80 12.79 470.042.70 12.65 464.62</u></div>
<div><u>Trenton 2.80 12.79 470.042.65 12.60 462.79</u></div>
<div><u>Winchester 2.79 12.78 469.682.67 12.62 463.52</u></div>
<div><u>North Gower 2.75 12.74 468.212.90 12.85 471.97</u></div>
<div><u>Huron FOB 2.95 12.94 475.562.80 12.75 468.30</u></div>
<div><u>Kent FOB 2.86 12.85 472.252.61 12.56 461.32</u></div>
<div><u>Lambton FOB 2.80 12.79 470.042.75 12.70 466.46</u></div>
<div><u>Middlesex FOB2.83 2.89 2.94 N/A 12.82 471.152.83 12.78 469.40</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.20 3.25 3.34 N/A 13.19 484.743.15 13.10 481.16</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.93 12.92 474.823.09 13.04 478.95</u></div>
<div><u>Sarnia 2.69 12.68 466.002.95 12.90 473.81</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 9.56 351.33-0.53 9.42 346.12</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3463 up 0.0010</u></div>
<div><u>Chicago wheat closed slightly lower to steady.</u></div>
<div><u>MAY17 HI 4.34 1/2 JUL17 HI 4.49</u></div>
<div><u> LOW 4.28 1/2 LOW 4.43 1/2</u></div>
<div><u> CLOSE 4.30 1/2 Unchanged CLOSE 4.45 3/4 Down 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 5.33 3/4 SEP17 HI 5.50</u></div>
<div><u> LOW 5.28 LOW 5.43 3/4</u></div>
<div><u> CLOSE 5.32 1/2 Up 1 1/4 CLOSE 5.46 1/2 Up 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 0.75 0.75 0.75 0.37</u></div>
<div><u>CAD $/bu 5.06 5.06 5.06 5.69</u></div>
<div><u>CAD $/tonne 185.82 185.82 185.82 209.08</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 0.70 N/A N/A N/A 0.75 N/A</u></div>
<div><u>London 0.75 0.69 0.62 N/A 0.88 0.67 0.67 N/A</u></div>
<div><u>Hensall 0.80 N/A 0.70 N/A 0.90 N/A 0.75 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 0.80 0.70 0.70 0.40 0.90 0.65 0.75 0.60</u></div>
<div><u>Essex N/A N/A 0.65 N/A N/A N/A 0.77 N/A</u></div>
<div><u>Norwich 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A</u></div>
<div><u>Port Hope N/A N/A 0.70 N/A N/A 0.75 0.80 N/A</u></div>
<div><u>Kent Bridge 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A</u></div>
<div><u>Chatham N/A N/A 0.70 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Palmerston N/A 0.70 0.55 N/A N/A 0.65 0.60 0.40</u></div>
<div><u>Varna 0.80 0.70 0.70 N/A 1.05 0.75 0.75 N/A</u></div>
<div><u>Mitchell 0.80 0.70 0.70 N/A 0.90 0.75 0.75 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.41 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.64 0.64 0.14 N/A 1.18 1.18 0.70</u></div>
<div><u>W O Feed 1.40</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia N/A N/A 1.02 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 1.07 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.49N/A N/A N/A 1.55N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.11US 5.53CA 4.31US 5.80CA</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 1.14 1.14 1.14 0.82</u></div>
<div><u>CAD $/bu 5.60 5.60 5.60 6.28</u></div>
<div><u>CAD $/tonne 205.74 205.74 205.74 230.85</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 496.27</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>
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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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