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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 15</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3451 down 0.0012</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.64 3/4 DEC17 HI 3.86 1/2</u></div>
<div><u> LOW 3.62 LOW 3.83 3/4</u></div>
<div><u> CLOSE3.63 1/2 Up 1 1/4 CLOSE 3.85 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 4.34 170.66 0.75 4.60 181.09</u></div>
<div><u>CK High 0.70 4.34 170.66 0.80 4.65 183.06</u></div>
<div><u>CK Avg 0.70 -0.38 4.34 170.66 0.79 -0.37 4.64 182.73</u></div>
<div><u>Essex Cty 0.55 4.19 164.76 0.75 4.60 181.09</u></div>
<div><u>Mdsx Low 0.70 4.34 170.66 0.80 4.65 183.06</u></div>
<div><u>Mdsx High 0.70 4.34 170.66 0.85 4.70 185.03</u></div>
<div><u>Mdsx Avg 0.70 -0.38 4.34 170.66 0.83 -0.34 4.68 184.05</u></div>
<div><u>Hensall 0.70 4.34 170.66 0.85 4.70 185.03</u></div>
<div><u>Bruce 0.70 4.34 170.66 0.85 4.70 185.03</u></div>
<div><u>Putnam 0.70 4.34 170.66 0.85 4.70 185.03</u></div>
<div><u>Burford 0.70 4.34 170.66 0.80 4.65 183.06</u></div>
<div><u>Port Perry 0.95 4.59 180.50 0.85 4.70 185.03</u></div>
<div><u>Norfolk 0.80 4.44 174.60 0.90 4.75 187.00</u></div>
<div><u>Palmerston 0.75 4.39 172.63 0.80 4.65 183.06</u></div>
<div><u>Varna 0.70 4.34 170.66 0.85 4.70 185.03</u></div>
<div><u>Trenton 1.00 4.64 182.47 0.90 4.75 187.00</u></div>
<div><u>Winchester 1.17 4.81 189.16 1.11 4.96 195.27</u></div>
<div><u>North Gower 1.12 4.76 187.20 1.10 4.95 194.87</u></div>
<div><u>Huron FOB 1.03 4.67 183.65 0.85 4.70 185.03</u></div>
<div><u>Kent FOB 0.95 4.59 180.50 0.80 4.65 183.06</u></div>
<div><u>Lamb FOB 1.00 4.64 182.47 0.80 4.65 183.06</u></div>
<div><u>Mdsx FOB 0.90 0.90 0.95N/A 4.54 178.54 0.80 4.65 183.06</u></div>
<div><u>FOB SW Que 1.23 4.87 191.53N/A</u></div>
<div><u>Track 1.19 4.83 189.95N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.20 1.20 1.23 1.00 4.85 190.94</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 4.85 190.94</u></div>
<div><u>Sarn-Eth 1.10 1.15 1.20 1.25 4.74 186.41N/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 4.95 194.87</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 5.05 198.81</u></div>
<div><u>W O Feed 1.37 5.01 197.20</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.66 5.30 208.45</u></div>
<div><u>Toledo El. -0.15 3.49 137.33 -0.33 3.52 138.44</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.74 186.41 0.95 4.80189</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.70 4.33 1/2</u></div>
<div><u>HI SD CRN 0.70 4.33 1/2</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 1.3451 down 0.0012</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.07 3/4 NOV17 HI 10.01 1/2</u></div>
<div><u> LOW 9.95 1/4 LOW 9.90</u></div>
<div><u> CLOSE9.98 Down 1 1/4 CLOSE 9.93 Down 1 1/2</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 12.70 466.652.60 12.53 460.40</u></div>
<div><u>CK High 2.80 12.78 469.582.65 12.58 462.24</u></div>
<div><u>CK Average 2.76 -0.4312.74 467.932.62 -0.5212.55 461.19</u></div>
<div><u>Essex Cty 2.75 12.73 467.752.60 12.53 460.40</u></div>
<div><u>Mdsx Low 2.72 12.70 466.652.60 12.53 460.40</u></div>
<div><u>Mdsx High 2.80 12.78 469.582.65 12.58 462.24</u></div>
<div><u>Mdsx Average 2.76 -0.4312.74 468.112.63 -0.5112.56 461.32</u></div>
<div><u>Hensall 2.80 12.78 469.582.68 12.61 463.15</u></div>
<div><u>Bruce 2.80 12.78 469.582.65 12.58 462.24</u></div>
<div><u>Putnam 2.80 12.78 469.582.65 12.58 462.24</u></div>
<div><u>Burford 2.81 12.79 469.952.69 12.62 463.71</u></div>
<div><u>Port Perry 2.72 12.70 466.652.60 12.53 460.40</u></div>
<div><u>Norfolk 2.81 12.79 469.952.76 12.69 466.28</u></div>
<div><u>Palmerston 2.75 12.73 467.752.65 12.58 462.24</u></div>
<div><u>Varna 2.80 12.78 469.582.70 12.63 464.07</u></div>
<div><u>Trenton 2.80 12.78 469.582.65 12.58 462.24</u></div>
<div><u>Winchester 2.79 12.77 469.222.67 12.60 462.97</u></div>
<div><u>North Gower 2.75 12.73 467.752.90 12.83 471.42</u></div>
<div><u>Huron FOB 2.95 12.93 475.102.80 12.73 467.75</u></div>
<div><u>Kent FOB 2.86 12.84 471.792.61 12.54 460.77</u></div>
<div><u>Lambton FOB 2.80 12.78 469.582.75 12.68 465.91</u></div>
<div><u>Middlesex FOB2.83 2.89 2.94 N/A 12.81 470.692.82 12.75 468.48</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.20 3.25 3.34 N/A 13.18 484.283.15 13.08 480.61</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.93 12.91 474.363.09 13.02 478.40</u></div>
<div><u>Sarnia 2.69 12.67 465.542.95 12.88 473.26</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 9.55 351.02-0.52 9.41 345.76</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3451 down 0.0012</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 4.37 JUL17 HI 4.52 1/4</u></div>
<div><u> LOW 4.30 1/2 LOW 4.45 3/4</u></div>
<div><u> CLOSE 4.36 Up 5 1/2 CLOSE 4.50 3/4 Up 5</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAY17 HI 5.45 SEP17 HI 5.54 1/2</u></div>
<div><u> LOW 5.32 1/2 LOW 5.47</u></div>
<div><u> CLOSE 5.40 1/2 Up 8 CLOSE 5.52 1/4 Up 5 3/4</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 0.72 0.72 0.72 0.34</u></div>
<div><u>CAD $/bu 5.08 5.08 5.08 5.74</u></div>
<div><u>CAD $/tonne 186.67 186.67 186.67 210.92</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 0.77 0.70 0.64 N/A 0.89 0.69 0.69 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 0.40 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 1.45N/A N/A N/A 1.50N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.16US 5.55CA 4.36US 5.81CA</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 1.10 1.10 1.10 0.77</u></div>
<div><u>CAD $/bu 5.61 5.61 5.61 6.30</u></div>
<div><u>CAD $/tonne 206.15 206.15 206.15 231.38</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 496.71</u></div>
<div><u>DDG's FOB Srn & Aylm 160.00 - 165.00</u></div>
<div><br>
</div>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><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:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">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:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
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background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
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