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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, March 21</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.332 down 0.0037</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.64 DEC17 HI 3.87 1/4</u></div>
<div><u> LOW 3.59 1/4 LOW 3.82 3/4</u></div>
<div><u> CLOSE3.61 1/4 Down 2 1/4 CLOSE 3.84 1/2 Down 1 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 0.65 4.26 167.81 0.75 4.60 180.90</u></div>
<div><u>CK High 0.70 4.31 169.78 0.80 4.65 182.87</u></div>
<div><u>CK Avg 0.67 -0.40 4.28 168.46 0.76 -0.39 4.60 181.23</u></div>
<div><u>Essex Cty 0.55 4.16 163.87 0.75 4.60 180.90</u></div>
<div><u>Mdsx Low 0.65 4.26 167.81 0.75 4.60 180.90</u></div>
<div><u>Mdsx High 0.65 4.26 167.81 0.80 4.65 182.87</u></div>
<div><u>Mdsx Avg 0.65 -0.41 4.26 167.81 0.78 -0.38 4.62 181.88</u></div>
<div><u>Hensall 0.68 4.29 168.79 0.83 4.67 183.85</u></div>
<div><u>Bruce 0.70 4.31 169.78 0.85 4.70 184.83</u></div>
<div><u>Putnam 0.65 4.26 167.81 0.80 4.65 182.87</u></div>
<div><u>Burford 0.70 4.31 169.78 0.80 4.65 182.87</u></div>
<div><u>Port Perry 0.90 4.51 177.65 0.85 4.70 184.83</u></div>
<div><u>Norfolk 0.75 4.36 171.74 0.85 4.70 184.83</u></div>
<div><u>Palmerston 0.75 4.36 171.74 0.80 4.65 182.87</u></div>
<div><u>Varna 0.70 4.31 169.78 0.85 4.70 184.83</u></div>
<div><u>Trenton 1.00 4.61 181.59 0.90 4.75 186.80</u></div>
<div><u>Winchester 1.15 4.76 187.49 1.10 4.95 194.68</u></div>
<div><u>North Gower 1.07 4.68 184.34 1.05 4.90 192.71</u></div>
<div><u>Huron FOB 1.00 4.61 181.59 0.85 4.70 184.83</u></div>
<div><u>Kent FOB 0.95 4.56 179.62 0.75 4.60 180.90</u></div>
<div><u>Lamb FOB 0.95 4.56 179.62 0.80 4.65 182.87</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.90N/A 4.46 175.68 0.75 4.60 180.90</u></div>
<div><u>FOB SW Que 1.13 4.74 186.70N/A</u></div>
<div><u>Track 1.19 4.80 189.07N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.15 1.15 1.18 1.00 4.85 190.74</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.15 5.00 196.64</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.00 4.85 190.74</u></div>
<div><u>Sarn-Eth 1.10 1.15 1.20 1.25 4.71 185.52N/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 4.90 192.71</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 N/A N/A 1.20 5.05 198.61</u></div>
<div><u>W O Feed 1.33 4.94 194.58</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.50 5.11 201.27</u></div>
<div><u>Toledo El. -0.15 3.47 136.45 -0.33 3.51 138.26</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.71 185.52 0.95 4.80188 7/9</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.28 3/4</u></div>
<div><u>HI SD CRN 0.70 4.31 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 1.332 down 0.0037</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.08 NOV17 HI 10.02 3/4</u></div>
<div><u> LOW 9.95 LOW 9.90 1/2</u></div>
<div><u> CLOSE10.01 1/2 Up 2 CLOSE 9.98 1/4 Up 4 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 2.52 12.54 460.582.42 12.40 455.71</u></div>
<div><u>CK High 2.65 12.67 465.362.50 12.48 458.65</u></div>
<div><u>CK Average 2.60 -0.5512.61 463.342.47 -0.6412.45 457.55</u></div>
<div><u>Essex Cty 2.60 12.62 463.522.45 12.43 456.82</u></div>
<div><u>Mdsx Low 2.52 12.54 460.582.40 12.38 454.98</u></div>
<div><u>Mdsx High 2.65 12.67 465.362.50 12.48 458.65</u></div>
<div><u>Mdsx Average 2.59 -0.5612.60 462.972.45 -0.6512.43 456.82</u></div>
<div><u>Hensall 2.65 12.67 465.362.53 12.51 459.57</u></div>
<div><u>Bruce 2.65 12.67 465.362.50 12.48 458.65</u></div>
<div><u>Putnam 2.70 12.72 467.202.55 12.53 460.49</u></div>
<div><u>Burford 2.61 12.63 463.892.49 12.47 458.29</u></div>
<div><u>Port Perry 2.52 12.54 460.582.40 12.38 454.98</u></div>
<div><u>Norfolk 2.85 12.87 472.712.60 12.58 462.33</u></div>
<div><u>Palmerston 2.65 12.67 465.362.50 12.48 458.65</u></div>
<div><u>Varna 2.65 12.67 465.362.55 12.53 460.49</u></div>
<div><u>Trenton 2.65 12.67 465.362.50 12.48 458.65</u></div>
<div><u>Winchester 2.70 12.72 467.202.60 12.58 462.33</u></div>
<div><u>North Gower 2.52 12.54 460.582.62 12.60 463.06</u></div>
<div><u>Huron FOB 2.80 12.82 470.872.65 12.63 464.16</u></div>
<div><u>Kent FOB 2.70 12.72 467.202.45 12.43 456.82</u></div>
<div><u>Lambton FOB 2.65 12.67 465.362.55 12.53 460.49</u></div>
<div><u>Middlesex FOB2.76 2.70 2.81 N/A 12.78 469.402.64 12.62 463.80</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.15 3.15 3.07 N/A 13.17 483.733.02 13.00 477.76</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.84 12.86 472.342.99 12.97 476.66</u></div>
<div><u>Sarnia 2.63 12.65 464.622.86 12.84 471.88</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 9.59 352.32-0.52 9.46 347.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.332 down 0.0037</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 4.30 1/2 JUL17 HI 4.45 1/2</u></div>
<div><u> LOW 4.23 LOW 4.38 1/2</u></div>
<div><u> CLOSE 4.26 1/2 Down 3 3/4 CLOSE 4.42 1/4 Down 3 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAY17 HI 5.48 1/4 SEP17 HI 5.57 1/2</u></div>
<div><u> LOW 5.37 1/4 LOW 5.48 3/4</u></div>
<div><u> CLOSE 5.38 1/4 Down 10 CLOSE 5.49 1/2 Down 8 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 0.69 0.69 0.69 0.32</u></div>
<div><u>CAD $/bu 4.95 4.95 4.95 5.71</u></div>
<div><u>CAD $/tonne 181.91 181.91 181.91 209.69</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 0.67 0.60 0.50 N/A 0.79 0.59 0.59 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 0.78 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 0.80 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 0.26 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.60 0.60 0.16 N/A 1.15 1.15 0.70</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 1.14 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 1.42N/A N/A N/A 1.47N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.12US 5.48CA 4.27US 5.69CA</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 1.07 1.07 1.07 0.76</u></div>
<div><u>CAD $/bu 5.49 5.49 5.49 6.26</u></div>
<div><u>CAD $/tonne 201.86 201.86 201.86 229.89</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 490.32</u></div>
<div><u>DDG's FOB Srn & Aylm 165.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
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<p class="MsoNormal"><u><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: 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: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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