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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, March 27</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3368 down 0.0005</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.58 1/4 DEC17 HI 3.81 3/4</u></div>
<div><u> LOW 3.54 1/4 LOW 3.78 1/4</u></div>
<div><u> CLOSE3.55 3/4 Down 1/2 CLOSE 3.80 Up 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 4.21 165.64 0.75 4.55 179.13</u></div>
<div><u>CK High 0.70 4.26 167.61 0.80 4.60 181.09</u></div>
<div><u>CK Avg 0.67 -0.40 4.22 166.30 0.76 -0.39 4.56 179.45</u></div>
<div><u>Essex Cty 0.55 4.11 161.71 0.75 4.55 179.13</u></div>
<div><u>Mdsx Low 0.65 4.21 165.64 0.75 4.55 179.13</u></div>
<div><u>Mdsx High 0.65 4.21 165.64 0.80 4.60 181.09</u></div>
<div><u>Mdsx Avg 0.65 -0.41 4.21 165.64 0.78 -0.38 4.58 180.11</u></div>
<div><u>Hensall 0.68 4.23 166.63 0.83 4.63 182.08</u></div>
<div><u>Bruce 0.70 4.26 167.61 0.85 4.65 183.06</u></div>
<div><u>Putnam 0.65 4.21 165.64 0.80 4.60 181.09</u></div>
<div><u>Burford 0.70 4.26 167.61 0.80 4.60 181.09</u></div>
<div><u>Port Perry 0.90 4.46 175.48 0.85 4.65 183.06</u></div>
<div><u>Norfolk 0.75 4.31 169.58 0.85 4.65 183.06</u></div>
<div><u>Palmerston 0.75 4.31 169.58 0.80 4.60 181.09</u></div>
<div><u>Varna 0.70 4.26 167.61 0.85 4.65 183.06</u></div>
<div><u>Trenton 1.00 4.56 179.42 0.90 4.70 185.03</u></div>
<div><u>Winchester 1.14 4.70 184.93 1.14 4.94 194.48</u></div>
<div><u>North Gower 1.12 4.68 184.15 1.05 4.85 190.94</u></div>
<div><u>Huron FOB 1.00 4.56 179.42 0.85 4.65 183.06</u></div>
<div><u>Kent FOB 0.95 4.51 177.45 0.75 4.55 179.13</u></div>
<div><u>Lamb FOB 0.95 4.51 177.45 0.80 4.60 181.09</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.90 0.85 4.41 173.52 0.75 4.55 179.13</u></div>
<div><u>FOB SW Que 1.25 4.81 189.26N/A</u></div>
<div><u>Track 1.19 4.75 186.90N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.15 1.15 1.18 1.00 4.80 188.97</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.15 4.95 194.87</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.00 4.80 188.97</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25 1.30 4.71 185.33N/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 4.85 190.94</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 5.00 196.84</u></div>
<div><u>W O Feed 1.35 4.91 193.20</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.50 5.06 199.10</u></div>
<div><u>Toledo El. -0.13 3.42 134.79 -0.33 3.47 136.45</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.66 183.36 0.95 4.75187</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.23 1/4</u></div>
<div><u>HI SD CRN 0.70 4.25 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 1.3368 down 0.0005</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 9.78 1/2 NOV17 HI 9.79 1/2</u></div>
<div><u> LOW 9.68 1/4 LOW 9.70</u></div>
<div><u> CLOSE9.71 1/2 Down 4 1/4 CLOSE 9.71 Down 6</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 12.27 450.662.44 12.15 446.44</u></div>
<div><u>CK High 2.60 12.32 452.502.50 12.21 448.64</u></div>
<div><u>CK Average 2.57 -0.5212.28 451.272.46 -0.6012.17 447.05</u></div>
<div><u>Essex Cty 2.55 12.27 450.662.45 12.16 446.80</u></div>
<div><u>Mdsx Low 2.55 12.27 450.662.42 12.13 445.70</u></div>
<div><u>Mdsx High 2.65 12.37 454.342.50 12.21 448.64</u></div>
<div><u>Mdsx Average 2.60 -0.5012.32 452.502.46 -0.6012.17 447.17</u></div>
<div><u>Hensall 2.65 12.37 454.342.53 12.24 449.56</u></div>
<div><u>Bruce 2.65 12.37 454.342.50 12.21 448.64</u></div>
<div><u>Putnam 2.70 12.42 456.172.55 12.26 450.48</u></div>
<div><u>Burford 2.64 12.36 453.972.51 12.22 449.01</u></div>
<div><u>Port Perry 2.55 12.27 450.662.42 12.13 445.70</u></div>
<div><u>Norfolk 2.60 12.32 452.502.60 12.31 452.32</u></div>
<div><u>Palmerston 2.60 12.32 452.502.50 12.21 448.64</u></div>
<div><u>Varna 2.65 12.37 454.342.55 12.26 450.48</u></div>
<div><u>Trenton 2.65 12.37 454.342.55 12.26 450.48</u></div>
<div><u>Winchester 2.59 12.31 452.132.55 12.26 450.48</u></div>
<div><u>North Gower 2.45 12.17 446.992.67 12.38 454.89</u></div>
<div><u>Huron FOB 2.80 12.52 459.852.65 12.36 454.15</u></div>
<div><u>Kent FOB 2.70 12.42 456.172.45 12.16 446.80</u></div>
<div><u>Lambton FOB 2.65 12.37 454.342.60 12.31 452.32</u></div>
<div><u>Middlesex FOB2.75 2.75 2.73 N/A 12.47 458.012.65 12.36 454.15</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.08 3.08 3.01 N/A 12.80 470.142.95 12.66 465.18</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.74 12.46 457.642.92 12.63 464.07</u></div>
<div><u>Sarnia 2.63 12.35 453.602.86 12.57 461.87</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.39 9.33 342.73-0.52 9.19 337.63</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3368 down 0.0005</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 4.26 JUL17 HI 4.40 1/2</u></div>
<div><u> LOW 4.18 1/4 LOW 4.32 3/4</u></div>
<div><u> CLOSE 4.20 3/4 Down 4 CLOSE 4.34 3/4 Down 4 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 5.38 SEP17 HI 5.51 1/4</u></div>
<div><u> LOW 5.32 LOW 5.46</u></div>
<div><u> CLOSE 5.33 Down 2 3/4 CLOSE 5.46 1/2 Down 2 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 0.68 0.68 0.68 0.32</u></div>
<div><u>CAD $/bu 4.89 4.89 4.89 5.65</u></div>
<div><u>CAD $/tonne 179.57 179.57 179.57 207.68</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 0.68 0.68 0.68 N/A 0.93 0.66 0.73 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 0.70 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 0.23 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.57 0.59 0.13 N/A 1.13 1.13 0.67</u></div>
<div><u>W O Feed 1.36</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 1.00 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.41N/A N/A N/A 1.46N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.06US 5.42CA 4.20US 5.61CA</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 0.77</u></div>
<div><u>CAD $/bu 5.41 5.41 5.41 6.23</u></div>
<div><u>CAD $/tonne 198.72 198.72 198.72 229.03</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 472.13</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00 - 175.00</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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