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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 24</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3373 up 0.0040</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.58 DEC17 HI 3.81 1/4</u></div>
<div><u> LOW 3.55 1/4 LOW 3.79</u></div>
<div><u> CLOSE3.56 1/4 Down 1/2 CLOSE 3.79 1/2 Down 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 4.21 165.84 0.75 4.55 178.93</u></div>
<div><u>CK High 0.70 4.26 167.81 0.80 4.60 180.90</u></div>
<div><u>CK Avg 0.67 -0.40 4.23 166.49 0.76 -0.39 4.55 179.26</u></div>
<div><u>Essex Cty 0.55 4.11 161.90 0.75 4.55 178.93</u></div>
<div><u>Mdsx Low 0.65 4.21 165.84 0.75 4.55 178.93</u></div>
<div><u>Mdsx High 0.65 4.21 165.84 0.80 4.60 180.90</u></div>
<div><u>Mdsx Avg 0.65 -0.41 4.21 165.84 0.78 -0.37 4.57 179.91</u></div>
<div><u>Hensall 0.68 4.24 166.82 0.83 4.62 181.88</u></div>
<div><u>Bruce 0.70 4.26 167.81 0.85 4.65 182.87</u></div>
<div><u>Putnam 0.65 4.21 165.84 0.80 4.60 180.90</u></div>
<div><u>Burford 0.70 4.26 167.81 0.80 4.60 180.90</u></div>
<div><u>Port Perry 0.90 4.46 175.68 0.85 4.65 182.87</u></div>
<div><u>Norfolk 0.75 4.31 169.78 0.85 4.65 182.87</u></div>
<div><u>Palmerston 0.75 4.31 169.78 0.80 4.60 180.90</u></div>
<div><u>Varna 0.70 4.26 167.81 0.85 4.65 182.87</u></div>
<div><u>Trenton 1.00 4.56 179.62 0.90 4.70 184.83</u></div>
<div><u>Winchester 1.14 4.70 185.13 1.14 4.94 194.28</u></div>
<div><u>North Gower 1.12 4.68 184.34 1.05 4.85 190.74</u></div>
<div><u>Huron FOB 1.00 4.56 179.62 0.85 4.65 182.87</u></div>
<div><u>Kent FOB 0.95 4.51 177.65 0.75 4.55 178.93</u></div>
<div><u>Lamb FOB 0.95 4.51 177.65 0.80 4.60 180.90</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.90 0.85 4.41 173.71 0.75 4.55 178.93</u></div>
<div><u>FOB SW Que 1.13 4.69 184.74N/A</u></div>
<div><u>Track 1.19 4.75 187.10N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.15 1.15 1.18 1.00 4.80 188.77</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.15 4.95 194.68</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.00 4.80 188.77</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25 1.30 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 4.85 190.74</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 N/A N/A 1.20 5.00 196.64</u></div>
<div><u>W O Feed 1.34 4.90 193.00</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.50 5.06 199.30</u></div>
<div><u>Toledo El. -0.13 3.43 134.99 -0.33 3.46 136.25</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.66 183.55 0.95 4.75186 4/5</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.23 3/4</u></div>
<div><u>HI SD CRN 0.70 4.26 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 1.3373 up 0.0040</u></div>
<div><u>Chicago soybeans closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 9.91 NOV17 HI 9.90 3/4</u></div>
<div><u> LOW 9.72 1/4 LOW 9.73 1/2</u></div>
<div><u> CLOSE9.75 3/4 Down 15 1/4 CLOSE 9.77 Down 14 1/4</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 2.60 12.36 454.062.49 12.26 450.48</u></div>
<div><u>CK High 2.65 12.41 455.902.55 12.32 452.68</u></div>
<div><u>CK Average 2.64 -0.4812.39 455.352.51 -0.5812.28 451.09</u></div>
<div><u>Essex Cty 2.65 12.41 455.902.50 12.27 450.85</u></div>
<div><u>Mdsx Low 2.61 12.37 454.432.47 12.24 449.74</u></div>
<div><u>Mdsx High 2.70 12.46 457.732.55 12.32 452.68</u></div>
<div><u>Mdsx Average 2.66 -0.4712.41 456.082.51 -0.5812.28 451.21</u></div>
<div><u>Hensall 2.68 12.43 456.822.55 12.32 452.68</u></div>
<div><u>Bruce 2.70 12.46 457.732.55 12.32 452.68</u></div>
<div><u>Putnam 2.70 12.46 457.732.55 12.32 452.68</u></div>
<div><u>Burford 2.70 12.46 457.732.56 12.33 453.05</u></div>
<div><u>Port Perry 2.61 12.37 454.432.47 12.24 449.74</u></div>
<div><u>Norfolk 2.65 12.41 455.902.65 12.42 456.36</u></div>
<div><u>Palmerston 2.65 12.41 455.902.50 12.27 450.85</u></div>
<div><u>Varna 2.65 12.41 455.902.55 12.32 452.68</u></div>
<div><u>Trenton 2.70 12.46 457.732.55 12.32 452.68</u></div>
<div><u>Winchester 2.60 12.36 454.062.71 12.48 458.56</u></div>
<div><u>North Gower 2.55 12.31 452.222.67 12.44 457.09</u></div>
<div><u>Huron FOB 2.80 12.56 461.412.65 12.42 456.36</u></div>
<div><u>Kent FOB 2.75 12.51 459.572.50 12.27 450.85</u></div>
<div><u>Lambton FOB 2.65 12.41 455.902.55 12.32 452.68</u></div>
<div><u>Middlesex FOB2.80 2.80 2.80 N/A 12.56 461.412.71 12.48 458.56</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.11 3.11 3.04 N/A 12.87 472.803.01 12.78 469.58</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.80 12.56 461.412.97 12.74 468.11</u></div>
<div><u>Sarnia 2.63 12.39 455.162.86 12.63 464.07</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.39 9.37 344.29-0.52 9.25 339.84</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3373 up 0.0040</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 4.26 1/4 JUL17 HI 4.40 3/4</u></div>
<div><u> LOW 4.20 3/4 LOW 4.35 3/4</u></div>
<div><u> CLOSE 4.24 3/4 Up 3 3/4 CLOSE 4.39 1/2 Up 3 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 5.41 1/2 SEP17 HI 5.53 1/2</u></div>
<div><u> LOW 5.35 1/2 LOW 5.48 3/4</u></div>
<div><u> CLOSE 5.35 3/4 Down 5 CLOSE 5.48 3/4 Down 4 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 0.33</u></div>
<div><u>CAD $/bu 4.94 4.94 4.94 5.69</u></div>
<div><u>CAD $/tonne 181.50 181.50 181.50 208.99</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 0.63 0.56 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 0.77 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 0.25 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.57 0.57 0.12 N/A 1.10 1.10 0.68</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 1.13 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 0.99 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.43N/A N/A N/A 1.48N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.10US 5.47CA 4.25US 5.67CA</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 1.08 1.08 1.08 0.77</u></div>
<div><u>CAD $/bu 5.47 5.47 5.47 6.26</u></div>
<div><u>CAD $/tonne 201.01 201.01 201.01 230.09</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 475.32</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00 - 175.00</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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