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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 17</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3369 up 0.0053</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.67 3/4 DEC17 HI 3.90</u></div>
<div><u> LOW 3.64 1/2 LOW 3.86 1/2</u></div>
<div><u> CLOSE3.67 1/2 Up 1 1/2 CLOSE 3.89 3/4 Up 2 1/4</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 0.65 4.33 170.27 0.75 4.65 182.96</u></div>
<div><u>CK High 0.70 4.38 172.24 0.80 4.70 184.93</u></div>
<div><u>CK Avg 0.67 -0.41 4.34 170.92 0.76 -0.40 4.66 183.29</u></div>
<div><u>Essex Cty 0.55 4.23 166.33 0.75 4.65 182.96</u></div>
<div><u>Mdsx Low 0.65 4.33 170.27 0.75 4.65 182.96</u></div>
<div><u>Mdsx High 0.65 4.33 170.27 0.80 4.70 184.93</u></div>
<div><u>Mdsx Avg 0.65 -0.43 4.33 170.27 0.78 -0.39 4.67 183.95</u></div>
<div><u>Hensall 0.68 4.35 171.25 0.83 4.72 185.92</u></div>
<div><u>Bruce 0.70 4.38 172.24 0.85 4.75 186.90</u></div>
<div><u>Putnam 0.65 4.33 170.27 0.80 4.70 184.93</u></div>
<div><u>Burford 0.70 4.38 172.24 0.80 4.70 184.93</u></div>
<div><u>Port Perry 0.90 4.58 180.11 0.85 4.75 186.90</u></div>
<div><u>Norfolk 0.75 4.43 174.20 0.85 4.75 186.90</u></div>
<div><u>Palmerston 0.75 4.43 174.20 0.80 4.70 184.93</u></div>
<div><u>Varna 0.70 4.38 172.24 0.85 4.75 186.90</u></div>
<div><u>Trenton 1.00 4.68 184.05 0.90 4.80 188.87</u></div>
<div><u>Winchester 1.14 4.82 189.56 1.08 4.98 195.96</u></div>
<div><u>North Gower 1.12 4.80 188.77 1.05 4.95 194.77</u></div>
<div><u>Huron FOB 1.00 4.68 184.05 0.85 4.75 186.90</u></div>
<div><u>Kent FOB 0.95 4.63 182.08 0.75 4.65 182.96</u></div>
<div><u>Lamb FOB 0.95 4.63 182.08 0.80 4.70 184.93</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.90N/A 4.53 178.14 0.75 4.65 182.96</u></div>
<div><u>FOB SW Que 1.23 4.91 193.10N/A</u></div>
<div><u>Track 1.19 4.87 191.53N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.20 1.20 1.23 1.00 4.90 192.81</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.15 5.05 198.71</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.00 4.90 192.81</u></div>
<div><u>Sarn-Eth 1.10 1.15 1.20 1.25 4.78 187.98N/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 5.00 196.74</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 5.10 200.68</u></div>
<div><u>W O Feed 1.34 5.01 197.27</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.50 5.18 203.73</u></div>
<div><u>Toledo El. -0.15 3.53 138.91 -0.33 3.56 140.33</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.78 187.98 0.95 4.85190 5/6</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.351</u></div>
<div><u>HI SD CRN 0.70 4.37 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 1.3369 up 0.0053</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.04 1/2 NOV17 HI 9.97 3/4</u></div>
<div><u> LOW 9.94 1/4 LOW 9.88 1/2</u></div>
<div><u> CLOSE10.00 Down 1 1/2 CLOSE 9.93 1/2 Down 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 2.55 12.55 461.132.44 12.38 454.70</u></div>
<div><u>CK High 2.60 12.60 462.972.50 12.44 456.91</u></div>
<div><u>CK Average 2.59 -0.5412.59 462.662.46 -0.6312.39 455.32</u></div>
<div><u>Essex Cty 2.60 12.60 462.972.45 12.39 455.07</u></div>
<div><u>Mdsx Low 2.55 12.55 461.132.42 12.36 453.97</u></div>
<div><u>Mdsx High 2.65 12.65 464.812.50 12.44 456.91</u></div>
<div><u>Mdsx Average 2.60 -0.5412.60 462.972.46 -0.6312.40 455.44</u></div>
<div><u>Hensall 2.65 12.65 464.812.53 12.46 457.83</u></div>
<div><u>Bruce 2.65 12.65 464.812.50 12.44 456.91</u></div>
<div><u>Putnam 2.65 12.65 464.812.50 12.44 456.91</u></div>
<div><u>Burford 2.64 12.64 464.442.51 12.45 457.28</u></div>
<div><u>Port Perry 2.55 12.55 461.132.42 12.36 453.97</u></div>
<div><u>Norfolk 2.65 12.65 464.812.60 12.54 460.58</u></div>
<div><u>Palmerston 2.65 12.65 464.812.50 12.44 456.91</u></div>
<div><u>Varna 2.65 12.65 464.812.55 12.49 458.75</u></div>
<div><u>Trenton 2.65 12.65 464.812.50 12.44 456.91</u></div>
<div><u>Winchester 2.64 12.64 464.442.72 12.66 464.99</u></div>
<div><u>North Gower 2.62 12.62 463.712.68 12.62 463.52</u></div>
<div><u>Huron FOB 2.80 12.80 470.322.65 12.59 462.42</u></div>
<div><u>Kent FOB 2.70 12.70 466.652.45 12.39 455.07</u></div>
<div><u>Lambton FOB 2.70 12.70 466.652.60 12.54 460.58</u></div>
<div><u>Middlesex FOB2.78 2.78 2.83 N/A 12.78 469.582.66 12.60 462.79</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.08 3.14 3.20 N/A 13.08 480.613.02 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 12.75 468.482.91 12.85 471.97</u></div>
<div><u>Sarnia 2.57 12.57 461.872.80 12.74 467.93</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 9.57 351.78-0.52 9.42 345.97</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3369 up 0.0053</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 4.37 3/4 JUL17 HI 4.52 3/4</u></div>
<div><u> LOW 4.33 LOW 4.48</u></div>
<div><u> CLOSE 4.36 1/4 Up 1/4 CLOSE 4.51 1/2 Up 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 5.49 1/2 SEP17 HI 5.60 3/4</u></div>
<div><u> LOW 5.44 1/2 LOW 5.57</u></div>
<div><u> CLOSE 5.49 Up 1 CLOSE 5.60 1/4 Up 1</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 0.36</u></div>
<div><u>CAD $/bu 5.08 5.08 5.08 5.85</u></div>
<div><u>CAD $/tonne 186.54 186.54 186.54 214.80</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 0.64 0.57 N/A 0.82 0.62 0.62 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 0.24 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.61 0.61 0.15 N/A 1.15 1.15 0.69</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 4.37US 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 6.40</u></div>
<div><u>CAD $/tonne 206.24 206.24 206.24 234.98</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 493.73</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%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
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;
line-height:115%;font-family:"Courier New";color:#333333"><br>
<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%;
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;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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