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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 26</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2677 up 0.0016</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.78 3/4 DEC18 HI 4.00</u></div>
<div><u> LOW 3.74 3/4 LOW 3.97</u></div>
<div><u> CLOSE3.77 1/4 Up 2 3/4 CLOSE 3.99 Up 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 +MAY18+MAY18+JUL18</u></div>
<div><u>CK Low 0.55 4.32 170.17 0.65 4.64 182.67</u></div>
<div><u>CK High 0.66 4.43 174.50 0.70 4.69 184.64</u></div>
<div><u>CK Avg 0.59 -0.34 4.36 171.55 0.66 -0.32 4.65 183.00</u></div>
<div><u>Essex Cty 0.55 4.32 170.17 0.65 4.64 182.67</u></div>
<div><u>Mdsx Low 0.60 4.37 172.14 0.65 4.64 182.67</u></div>
<div><u>Mdsx High 0.60 4.37 172.14 0.65 4.64 182.67</u></div>
<div><u>Mdsx Avg 0.60 -0.32 4.37 172.14 0.65 -0.32 4.64 182.67</u></div>
<div><u>Hensall 0.63 4.40 173.12 0.65 4.64 182.67</u></div>
<div><u>Bruce 0.60 4.37 172.14 0.65 4.64 182.67</u></div>
<div><u>Putnam 0.60 4.37 172.14 0.60 4.59 180.70</u></div>
<div><u>Burford 0.65 4.42 174.11 0.65 4.64 182.67</u></div>
<div><u>Port Perry 0.65 4.42 174.11 0.65 4.64 182.67</u></div>
<div><u>Norfolk 0.65 4.42 174.11 0.65 4.64 182.67</u></div>
<div><u>Palmerston 0.55 4.32 170.17 0.65 4.64 182.67</u></div>
<div><u>Varna 0.65 4.42 174.11 0.65 4.64 182.67</u></div>
<div><u>Trenton 0.65 4.42 174.11 0.75 4.74 186.61</u></div>
<div><u>Winchester 0.90 4.67 183.95 1.00 4.99 196.45</u></div>
<div><u>North Gower 0.92 4.69 184.74 0.94 4.93 194.09</u></div>
<div><u>Huron FOB 0.90 4.67 183.95 0.68 4.67 183.85</u></div>
<div><u>Kent FOB 0.92 4.69 184.74 0.72 4.71 185.42</u></div>
<div><u>Lamb FOB 0.90 4.67 183.95 0.70 4.69 184.64</u></div>
<div><u>Mdsx FOB 0.70 0.70N/A N/A 4.47 176.07 0.70 4.69 184.64</u></div>
<div><u>FOB SW Que 1.27 5.04 198.51 1.06 5.05 198.81</u></div>
<div><u>Track 1.06 4.83 190.05N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.14 1.12 0.89 4.88 192.12</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 1.10 N/A</u></div>
<div><u>Sarn-Eth 1.00 1.00N/A N/A 4.77 187.89N/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 1.15 0.95 4.94 194.48</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 1.10 5.09 200.38</u></div>
<div><u>W O Feed 1.24 5.01 197.25</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.32 5.09 200.48</u></div>
<div><u>Toledo El. -0.15 3.62 142.53 -0.25 3.74 147.11</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 1/2 4.37 3/4</u></div>
<div><u>HI SD CRN 0.66 4.43 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2677 up 0.0016</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 10.47 3/4 NOV18 HI 10.34 3/4</u></div>
<div><u> LOW 10.34 LOW 10.30</u></div>
<div><u> CLOSE10.34 1/4 Down 2 CLOSE 10.30 1/2 Up 2 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 +MAR1+MAY1+MAY18</u></div>
<div><u>CK Low 1.95 12.29 451.671.95 12.26 450.29</u></div>
<div><u>CK High 2.05 12.39 455.352.05 12.36 453.97</u></div>
<div><u>CK Average 2.01 -0.6012.35 453.752.00 -0.5812.31 452.25</u></div>
<div><u>Essex Cty 2.05 12.39 455.351.95 12.26 450.29</u></div>
<div><u>Mdsx Low 1.99 12.33 453.141.97 12.28 451.03</u></div>
<div><u>Mdsx High 2.05 12.39 455.352.05 12.36 453.97</u></div>
<div><u>Mdsx Average 2.02 -0.5912.36 454.242.01 -0.5712.32 452.50</u></div>
<div><u>Hensall 2.05 12.39 455.352.05 12.36 453.97</u></div>
<div><u>Bruce 2.05 12.39 455.352.05 12.36 453.97</u></div>
<div><u>Putnam 2.05 12.39 455.352.05 12.36 453.97</u></div>
<div><u>Burford 2.06 12.40 455.712.04 12.35 453.60</u></div>
<div><u>Port Perry 1.99 12.33 453.141.97 12.28 451.03</u></div>
<div><u>Norfolk 2.05 12.39 455.352.05 12.36 453.97</u></div>
<div><u>Palmerston 2.00 12.34 453.512.00 12.31 452.13</u></div>
<div><u>Varna 2.05 12.39 455.352.05 12.36 453.97</u></div>
<div><u>Trenton 2.07 12.41 456.082.00 12.31 452.13</u></div>
<div><u>Winchester 2.05 12.39 455.352.00 12.31 452.13</u></div>
<div><u>North Gower 2.04 12.38 454.981.98 12.29 451.40</u></div>
<div><u>Huron FOB 2.15 12.49 459.022.00 12.31 452.13</u></div>
<div><u>Kent FOB 2.20 12.54 460.862.00 12.31 452.13</u></div>
<div><u>Lambton FOB 2.20 12.54 460.862.15 12.46 457.64</u></div>
<div><u>Middlesex FOB2.16 2.16 2.17 2.23 12.50 459.392.08 12.39 455.07</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.47 12.78 469.40</u></div>
<div><u>Prescott 2.20 12.54 460.862.35 12.66 464.99</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 10.10 371.17-0.38 9.93 364.69</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2677 up 0.0016</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR18 HI 4.64 JUL18 HI 4.91</u></div>
<div><u> LOW 4.55 3/4 LOW 4.82 3/4</u></div>
<div><u> CLOSE 4.59 1/2 Up 7 1/4 CLOSE 4.87 1/2 Up 8 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.04 SEP18 HI 6.33</u></div>
<div><u> LOW 5.92 1/2 LOW 6.26</u></div>
<div><u> CLOSE 5.96 Down 4 3/4 CLOSE 6.26 3/4 Down 3 1/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.17 1.10 1.04 0.26</u></div>
<div><u>CAD $/bu 5.76 5.70 5.64 6.22</u></div>
<div><u>CAD $/tonne 211.71 209.39 207.06 228.72</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2017 Harvest 2018</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 0.93 N/A N/A N/A 0.80 N/A</u></div>
<div><u>London 1.02 1.40 0.90 N/A 1.15 0.90 0.83 N/A</u></div>
<div><u>Hensall 1.08 N/A 0.93 N/A 1.00 N/A 0.80 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 0.95 0.95 0.80 0.25 1.00 0.85 0.80 0.35</u></div>
<div><u>Essex N/A N/A 0.74 N/A N/A N/A 0.83 N/A</u></div>
<div><u>Norwich 1.08 N/A 0.93 N/A 1.00 N/A 0.80 N/A</u></div>
<div><u>Port Hope N/A N/A 0.93 N/A N/A 0.85 0.80 N/A</u></div>
<div><u>Kent Bridge 1.08 N/A 0.93 N/A 1.00 N/A 0.80 N/A</u></div>
<div><u>Chatham N/A N/A 0.90 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Brigden N/A N/A 0.90 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Palmerston N/A 0.80 0.80 0.25 N/A 0.75 0.80 0.35</u></div>
<div><u>Varna 1.23 1.08 0.93 N/A 1.00 0.85 0.85 N/A</u></div>
<div><u>Mitchell 1.08 1.08 0.93 N/A 1.00 0.85 0.80 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.93 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.21 1.14 0.27 N/A 1.20 1.14 0.27</u></div>
<div><u>W O Feed 1.51</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.36 N/A N/A N/A 1.29 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.65US 5.89CA 4.83US 6.11CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.17 1.04 0.98 0.27</u></div>
<div><u>CAD $/bu 6.04 5.92 5.85 6.54</u></div>
<div><u>CAD $/tonne 222.05 217.40 215.07 240.30</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 528.35</u></div>
<div><u>DDG's FOB Srn & Aylm 220.00 - 245.00</u></div>
<div><u><br>
</u></div>
<u></u>
<p class="MsoNormal" style=""><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">Blair Andrews</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><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" style="" id="LPlnk979056" previewremoved="true"><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" style=""><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">x
63577<span class="apple-converted-space"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530" style="" id="LPlnk865439" previewremoved="true"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1530</span></a><span class="apple-converted-space" style=""><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
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