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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, March 20</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3357 down 0.0012</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.70 3/4 DEC17 HI 3.92 1/2</u></div>
<div><u> LOW 3.63 LOW 3.85 3/4</u></div>
<div><u> CLOSE3.63 1/2 Down 4 CLOSE 3.86 1/4 Down 3 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 4.29 168.69 0.75 4.61 181.59</u></div>
<div><u>CK High 0.70 4.34 170.66 0.80 4.66 183.55</u></div>
<div><u>CK Avg 0.67 -0.41 4.30 169.35 0.76 -0.40 4.62 181.91</u></div>
<div><u>Essex Cty 0.55 4.19 164.76 0.75 4.61 181.59</u></div>
<div><u>Mdsx Low 0.65 4.29 168.69 0.75 4.61 181.59</u></div>
<div><u>Mdsx High 0.65 4.29 168.69 0.80 4.66 183.55</u></div>
<div><u>Mdsx Avg 0.65 -0.42 4.29 168.69 0.78 -0.39 4.64 182.57</u></div>
<div><u>Hensall 0.68 4.31 169.68 0.83 4.69 184.54</u></div>
<div><u>Bruce 0.70 4.34 170.66 0.85 4.71 185.52</u></div>
<div><u>Putnam 0.65 4.29 168.69 0.80 4.66 183.55</u></div>
<div><u>Burford 0.70 4.34 170.66 0.80 4.66 183.55</u></div>
<div><u>Port Perry 0.90 4.54 178.54 0.85 4.71 185.52</u></div>
<div><u>Norfolk 0.75 4.39 172.63 0.85 4.71 185.52</u></div>
<div><u>Palmerston 0.75 4.39 172.63 0.80 4.66 183.55</u></div>
<div><u>Varna 0.70 4.34 170.66 0.85 4.71 185.52</u></div>
<div><u>Trenton 1.00 4.64 182.47 0.90 4.76 187.49</u></div>
<div><u>Winchester 1.15 4.79 188.38 1.10 4.96 195.36</u></div>
<div><u>North Gower 1.12 4.76 187.20 1.00 4.86 191.43</u></div>
<div><u>Huron FOB 1.00 4.64 182.47 0.85 4.71 185.52</u></div>
<div><u>Kent FOB 0.95 4.59 180.50 0.75 4.61 181.59</u></div>
<div><u>Lamb FOB 0.95 4.59 180.50 0.80 4.66 183.55</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.90N/A 4.49 176.57 0.75 4.61 181.59</u></div>
<div><u>FOB SW Que 1.13 4.77 187.59N/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 1.15 1.15 1.18 1.00 4.86 191.43</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.15 5.01 197.33</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.00 4.86 191.43</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 1.05 4.91 193.40</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 5.06 199.30</u></div>
<div><u>W O Feed 1.33 4.97 195.46</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.50 5.14 202.16</u></div>
<div><u>Toledo El. -0.15 3.49 137.33 -0.33 3.53 138.93</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.74 186.41 0.95 4.81189 1/2</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.311</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 1.3357 down 0.0012</u></div>
<div><u>Chicago soybeans closed slightly lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.08 3/4 NOV17 HI 10.00 3/4</u></div>
<div><u> LOW 9.98 1/4 LOW 9.92</u></div>
<div><u> CLOSE9.99 1/2 Down 1/2 CLOSE 9.93 1/2 Unchanged</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 2.60 12.60 462.792.45 12.39 455.07</u></div>
<div><u>CK High 2.65 12.65 464.622.55 12.49 458.75</u></div>
<div><u>CK Average 2.63 -0.5312.62 463.772.49 -0.6212.43 456.66</u></div>
<div><u>Essex Cty 2.60 12.60 462.792.45 12.39 455.07</u></div>
<div><u>Mdsx Low 2.61 12.61 463.152.49 12.43 456.54</u></div>
<div><u>Mdsx High 2.70 12.70 466.462.55 12.49 458.75</u></div>
<div><u>Mdsx Average 2.66 -0.5112.65 464.812.52 -0.6012.46 457.64</u></div>
<div><u>Hensall 2.68 12.67 465.542.55 12.49 458.75</u></div>
<div><u>Bruce 2.70 12.70 466.462.55 12.49 458.75</u></div>
<div><u>Putnam 2.70 12.70 466.462.55 12.49 458.75</u></div>
<div><u>Burford 2.70 12.70 466.462.58 12.52 459.85</u></div>
<div><u>Port Perry 2.61 12.61 463.152.49 12.43 456.54</u></div>
<div><u>Norfolk 2.70 12.70 466.462.65 12.59 462.42</u></div>
<div><u>Palmerston 2.65 12.65 464.622.50 12.44 456.91</u></div>
<div><u>Varna 2.65 12.65 464.622.55 12.49 458.75</u></div>
<div><u>Trenton 2.65 12.65 464.622.50 12.44 456.91</u></div>
<div><u>Winchester 2.70 12.70 466.462.60 12.54 460.58</u></div>
<div><u>North Gower 2.58 12.58 462.052.65 12.59 462.42</u></div>
<div><u>Huron FOB 2.80 12.80 470.142.65 12.59 462.42</u></div>
<div><u>Kent FOB 2.70 12.70 466.462.50 12.44 456.91</u></div>
<div><u>Lambton FOB 2.70 12.70 466.462.60 12.54 460.58</u></div>
<div><u>Middlesex FOB2.85 2.85 2.90 N/A 12.85 471.972.73 12.67 465.36</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.18 3.18 3.24 N/A 13.18 484.103.05 12.99 477.12</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.84 12.84 471.612.99 12.93 474.91</u></div>
<div><u>Sarnia 2.57 12.57 461.682.80 12.74 467.93</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 9.57 351.57-0.52 9.41 345.93</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3357 down 0.0012</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAY17 HI 4.42 3/4 JUL17 HI 4.57 1/4</u></div>
<div><u> LOW 4.29 LOW 4.44</u></div>
<div><u> CLOSE 4.30 1/4 Down 6 CLOSE 4.45 1/2 Down 6</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 5.54 1/2 SEP17 HI 5.65</u></div>
<div><u> LOW 5.47 LOW 5.57 1/4</u></div>
<div><u> CLOSE 5.48 1/4 Down 3/4 CLOSE 5.58 1/4 Down 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 0.70 0.70 0.70 0.36</u></div>
<div><u>CAD $/bu 5.01 5.01 5.01 5.85</u></div>
<div><u>CAD $/tonne 183.94 183.94 183.94 214.82</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 0.74 0.67 0.60 N/A 0.85 0.65 0.65 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 0.70 N/A N/A 0.70 0.75 0.60</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 0.22 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.61 0.61 0.16 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 1.05 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.44N/A N/A N/A 1.49N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.10US 5.47CA 4.31US 5.74CA</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 1.09 1.09 1.09 0.80</u></div>
<div><u>CAD $/bu 5.54 5.54 5.54 6.38</u></div>
<div><u>CAD $/tonne 203.67 203.67 203.67 234.43</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 491.20</u></div>
<div><u>DDG's FOB Srn & Aylm 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>
<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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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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