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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, March 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3316 down 0.0135</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.67 DEC17 HI 3.88 3/4</u></div>
<div><u> LOW 3.63 1/2 LOW 3.85</u></div>
<div><u> CLOSE3.66 Up 2 1/2 CLOSE 3.87 1/2 Up 2 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 0.65 4.31 169.68 0.75 4.63 182.08</u></div>
<div><u>CK High 0.70 4.36 171.65 0.85 4.73 186.02</u></div>
<div><u>CK Avg 0.68 -0.41 4.34 170.66 0.77 -0.39 4.64 182.73</u></div>
<div><u>Essex Cty 0.55 4.21 165.74 0.75 4.63 182.08</u></div>
<div><u>Mdsx Low 0.65 4.31 169.68 0.75 4.63 182.08</u></div>
<div><u>Mdsx High 0.65 4.31 169.68 0.80 4.68 184.05</u></div>
<div><u>Mdsx Avg 0.65 -0.42 4.31 169.68 0.78 -0.38 4.65 183.06</u></div>
<div><u>Hensall 0.68 4.34 170.66 0.83 4.70 185.03</u></div>
<div><u>Bruce 0.70 4.36 171.65 0.85 4.73 186.02</u></div>
<div><u>Putnam 0.65 4.31 169.68 0.80 4.68 184.05</u></div>
<div><u>Burford 0.70 4.36 171.65 0.80 4.68 184.05</u></div>
<div><u>Port Perry 0.90 4.56 179.52 0.85 4.73 186.02</u></div>
<div><u>Norfolk 0.80 4.46 175.58 0.85 4.73 186.02</u></div>
<div><u>Palmerston 0.75 4.41 173.61 0.80 4.68 184.05</u></div>
<div><u>Varna 0.70 4.36 171.65 0.85 4.73 186.02</u></div>
<div><u>Trenton 1.00 4.66 183.46 0.90 4.78 187.98</u></div>
<div><u>Winchester 1.15 4.81 189.36 1.10 4.98 195.86</u></div>
<div><u>North Gower 1.12 4.78 188.18 1.05 4.93 193.89</u></div>
<div><u>Huron FOB 1.03 4.69 184.64 0.85 4.73 186.02</u></div>
<div><u>Kent FOB 1.00 4.66 183.46 0.75 4.63 182.08</u></div>
<div><u>Lamb FOB 0.95 4.61 181.49 0.80 4.68 184.05</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.90N/A 4.51 177.55 0.75 4.63 182.08</u></div>
<div><u>FOB SW Que 1.23 4.89 192.51N/A</u></div>
<div><u>Track 1.19 4.85 190.94N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.20 1.20 1.23 1.00 4.88 191.92</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.15 5.03 197.83</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.15 1.00 4.88 191.92</u></div>
<div><u>Sarn-Eth 1.10 1.15 1.20 1.25 4.76 187.39N/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 4.98 195.86</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 5.08 199.79</u></div>
<div><u>W O Feed 1.35 5.01 197.08</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.50 5.16 203.14</u></div>
<div><u>Toledo El. -0.15 3.51 138.32 -0.33 3.54 139.44</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.76 187.39 0.95 4.83190</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.33 1/2</u></div>
<div><u>HI SD CRN 0.70 4.36</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 1.3316 down 0.0135</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.06 1/2 NOV17 HI 9.99 1/2</u></div>
<div><u> LOW 9.95 3/4 LOW 9.91 1/4</u></div>
<div><u> CLOSE10.01 1/2 Up 3 1/2 CLOSE 9.95 1/2 Up 2 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 2.56 12.58 462.052.44 12.40 455.44</u></div>
<div><u>CK High 2.75 12.77 469.032.60 12.56 461.32</u></div>
<div><u>CK Average 2.62 -0.5312.63 464.202.48 -0.6212.44 456.97</u></div>
<div><u>Essex Cty 2.60 12.62 463.522.45 12.41 455.81</u></div>
<div><u>Mdsx Low 2.56 12.58 462.052.42 12.38 454.70</u></div>
<div><u>Mdsx High 2.65 12.67 465.362.50 12.46 457.64</u></div>
<div><u>Mdsx Average 2.61 -0.5412.62 463.712.46 -0.6312.42 456.17</u></div>
<div><u>Hensall 2.68 12.69 466.282.55 12.51 459.48</u></div>
<div><u>Bruce 2.65 12.67 465.362.50 12.46 457.64</u></div>
<div><u>Putnam 2.65 12.67 465.362.50 12.46 457.64</u></div>
<div><u>Burford 2.65 12.67 465.362.51 12.47 458.01</u></div>
<div><u>Port Perry 2.56 12.58 462.052.42 12.38 454.70</u></div>
<div><u>Norfolk 2.65 12.67 465.362.60 12.56 461.32</u></div>
<div><u>Palmerston 2.65 12.67 465.362.50 12.46 457.64</u></div>
<div><u>Varna 2.70 12.72 467.202.60 12.56 461.32</u></div>
<div><u>Trenton 2.65 12.67 465.362.55 12.51 459.48</u></div>
<div><u>Winchester 2.65 12.67 465.362.73 12.69 466.09</u></div>
<div><u>North Gower 2.60 12.62 463.522.70 12.66 464.99</u></div>
<div><u>Huron FOB 2.85 12.87 472.712.70 12.66 464.99</u></div>
<div><u>Kent FOB 2.70 12.72 467.202.45 12.41 455.81</u></div>
<div><u>Lambton FOB 2.70 12.72 467.202.60 12.56 461.32</u></div>
<div><u>Middlesex FOB2.73 2.80 2.83 N/A 12.75 468.302.65 12.61 463.15</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.05 3.10 3.18 N/A 13.07 480.063.00 12.96 476.01</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.75 12.77 469.032.91 12.87 472.71</u></div>
<div><u>Sarnia 2.57 12.59 462.422.80 12.76 468.67</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 9.59 352.33-0.52 9.44 346.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3316 down 0.0135</u></div>
<div><u>Chicago wheat closed steady to slightly higher.</u></div>
<div><u>MAY17 HI 4.40 3/4 JUL17 HI 4.55</u></div>
<div><u> LOW 4.34 1/2 LOW 4.49 1/2</u></div>
<div><u> CLOSE 4.36 Unchanged CLOSE 4.51 Up 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAY17 HI 5.48 3/4 SEP17 HI 5.60 3/4</u></div>
<div><u> LOW 5.40 1/2 LOW 5.53</u></div>
<div><u> CLOSE 5.48 Up 7 1/2 CLOSE 5.59 1/4 Up 7</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 0.71 0.71 0.71 0.35</u></div>
<div><u>CAD $/bu 5.07 5.07 5.07 5.83</u></div>
<div><u>CAD $/tonne 186.46 186.46 186.46 214.35</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 0.71 0.65 0.58 N/A 0.83 0.63 0.63 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 0.65 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 0.40</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 0.26 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.62 0.62 0.14 N/A 1.15 1.15 0.67</u></div>
<div><u>W O Feed 1.38</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 1.01 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 5.54CA 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 0.79</u></div>
<div><u>CAD $/bu 5.61 5.61 5.61 6.38</u></div>
<div><u>CAD $/tonne 206.03 206.03 206.03 234.54</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 494.17</u></div>
<div><u>DDG's FOB Srn & Aylm 165.00</u></div>
<div><br>
</div>
<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>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size:10.0pt;line-height:115%;
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none">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:10.0pt;
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<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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