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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 22</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3347 up 0.0027</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.61 3/4 DEC17 HI 3.85 1/4</u></div>
<div><u> LOW 3.58 1/4 LOW 3.81 1/2</u></div>
<div><u> CLOSE3.58 3/4 Down 2 1/2 CLOSE 3.82 Down 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 4.24 166.82 0.75 4.57 179.91</u></div>
<div><u>CK High 0.70 4.29 168.79 0.80 4.62 181.88</u></div>
<div><u>CK Avg 0.67 -0.40 4.25 167.48 0.76 -0.38 4.58 180.24</u></div>
<div><u>Essex Cty 0.55 4.14 162.89 0.75 4.57 179.91</u></div>
<div><u>Mdsx Low 0.65 4.24 166.82 0.75 4.57 179.91</u></div>
<div><u>Mdsx High 0.65 4.24 166.82 0.80 4.62 181.88</u></div>
<div><u>Mdsx Avg 0.65 -0.41 4.24 166.82 0.78 -0.37 4.60 180.90</u></div>
<div><u>Hensall 0.68 4.26 167.81 0.83 4.65 182.87</u></div>
<div><u>Bruce 0.70 4.29 168.79 0.85 4.67 183.85</u></div>
<div><u>Putnam 0.65 4.24 166.82 0.80 4.62 181.88</u></div>
<div><u>Burford 0.70 4.29 168.79 0.80 4.62 181.88</u></div>
<div><u>Port Perry 0.90 4.49 176.67 0.85 4.67 183.85</u></div>
<div><u>Norfolk 0.75 4.34 170.76 0.85 4.67 183.85</u></div>
<div><u>Palmerston 0.75 4.34 170.76 0.80 4.62 181.88</u></div>
<div><u>Varna 0.70 4.29 168.79 0.85 4.67 183.85</u></div>
<div><u>Trenton 1.00 4.59 180.60 0.90 4.72 185.82</u></div>
<div><u>Winchester 1.15 4.74 186.51 1.10 4.92 193.69</u></div>
<div><u>North Gower 1.07 4.66 183.36 1.05 4.87 191.72</u></div>
<div><u>Huron FOB 1.00 4.59 180.60 0.85 4.67 183.85</u></div>
<div><u>Kent FOB 0.95 4.54 178.63 0.75 4.57 179.91</u></div>
<div><u>Lamb FOB 0.95 4.54 178.63 0.80 4.62 181.88</u></div>
<div><u>Mdsx FOB 0.75 0.75 0.75N/A 4.34 170.76 0.75 4.57 179.91</u></div>
<div><u>FOB SW Que 1.13 4.72 185.72N/A</u></div>
<div><u>Track 1.19 4.78 188.08N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.15 1.15 1.18 N/A</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 N/A 1.00 4.82 189.76</u></div>
<div><u>Sarn-Eth 1.10 1.15 1.20 1.25 4.69 184.54N/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 4.92 193.69</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 5.02 197.63</u></div>
<div><u>W O Feed 1.33 4.92 193.59</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.50 5.09 200.29</u></div>
<div><u>Toledo El. -0.13 3.45 135.99 -0.33 3.49 137.27</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.69 184.54 0.95 4.77187 4/5</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.26 1/4</u></div>
<div><u>HI SD CRN 0.70 4.28 3/4</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 1.3347 up 0.0027</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 10.03 1/4 NOV17 HI 10.01 1/4</u></div>
<div><u> LOW 9.94 LOW 9.92 3/4</u></div>
<div><u> CLOSE9.99 3/4 Down 1 3/4 CLOSE 9.98 3/4 Up 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 2.60 12.60 462.882.45 12.44 457.00</u></div>
<div><u>CK High 2.65 12.65 464.722.55 12.54 460.67</u></div>
<div><u>CK Average 2.64 -0.5212.63 464.232.50 -0.6112.49 458.96</u></div>
<div><u>Essex Cty 2.60 12.60 462.882.45 12.44 457.00</u></div>
<div><u>Mdsx Low 2.62 12.62 463.612.50 12.49 458.84</u></div>
<div><u>Mdsx High 2.70 12.70 466.552.55 12.54 460.67</u></div>
<div><u>Mdsx Average 2.66 -0.5012.66 465.082.53 -0.6012.51 459.76</u></div>
<div><u>Hensall 2.68 12.67 465.632.55 12.54 460.67</u></div>
<div><u>Bruce 2.70 12.70 466.552.55 12.54 460.67</u></div>
<div><u>Putnam 2.65 12.65 464.722.50 12.49 458.84</u></div>
<div><u>Burford 2.71 12.71 466.922.59 12.58 462.14</u></div>
<div><u>Port Perry 2.62 12.62 463.612.50 12.49 458.84</u></div>
<div><u>Norfolk 2.70 12.70 466.552.65 12.64 464.35</u></div>
<div><u>Palmerston 2.65 12.65 464.722.50 12.49 458.84</u></div>
<div><u>Varna 2.65 12.65 464.722.55 12.54 460.67</u></div>
<div><u>Trenton 2.70 12.70 466.552.55 12.54 460.67</u></div>
<div><u>Winchester 2.68 12.68 465.822.55 12.54 460.67</u></div>
<div><u>North Gower 2.52 12.52 459.942.62 12.61 463.25</u></div>
<div><u>Huron FOB 2.80 12.80 470.232.65 12.64 464.35</u></div>
<div><u>Kent FOB 2.75 12.75 468.392.50 12.49 458.84</u></div>
<div><u>Lambton FOB 2.65 12.65 464.722.55 12.54 460.67</u></div>
<div><u>Middlesex FOB2.80 2.85 2.90 N/A 12.80 470.232.74 12.73 467.66</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.14 3.14 3.07 N/A 13.14 482.723.03 13.02 478.31</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.84 12.84 471.702.99 12.98 476.84</u></div>
<div><u>Sarnia 2.63 12.63 463.982.86 12.85 472.06</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 9.57 351.68-0.52 9.47 347.88</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3347 up 0.0027</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 4.27 1/4 JUL17 HI 4.42 3/4</u></div>
<div><u> LOW 4.21 1/4 LOW 4.36 1/4</u></div>
<div><u> CLOSE 4.22 1/4 Down 4 1/4 CLOSE 4.37 1/2 Down 4 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAY17 HI 5.42 1/4 SEP17 HI 5.52 1/4</u></div>
<div><u> LOW 5.35 1/4 LOW 5.48 3/4</u></div>
<div><u> CLOSE 5.37 3/4 Down 1/2 CLOSE 5.49 3/4 Up 1/4</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 0.67 0.67 0.67 0.32</u></div>
<div><u>CAD $/bu 4.89 4.89 4.89 5.70</u></div>
<div><u>CAD $/tonne 179.83 179.83 179.83 209.45</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 0.69 0.62 0.52 N/A 0.81 0.61 0.61 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 0.70 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 0.21 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.59 0.59 0.12 N/A 1.13 1.13 0.66</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 1.40N/A N/A N/A 1.46N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.07US 5.43CA 4.23US 5.63CA</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 1.06 1.06 1.06 0.76</u></div>
<div><u>CAD $/bu 5.43 5.43 5.43 6.26</u></div>
<div><u>CAD $/tonne 199.53 199.53 199.53 230.02</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 487.78</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;
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%;
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