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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 27</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.274 up 0.0063</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.79 1/2 DEC18 HI 4.00</u></div>
<div><u> LOW 3.76 1/2 LOW 3.97 3/4</u></div>
<div><u> CLOSE3.79 1/4 Up 2 CLOSE 4.00 Up 1</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 0.60 4.39 172.93 0.65 4.65 183.06</u></div>
<div><u>CK High 0.65 4.44 174.89 0.70 4.70 185.03</u></div>
<div><u>CK Avg 0.63 -0.33 4.42 173.91 0.67 -0.33 4.67 183.72</u></div>
<div><u>Essex Cty 0.65 4.44 174.89 0.65 4.65 183.06</u></div>
<div><u>Mdsx Low 0.60 4.39 172.93 0.65 4.65 183.06</u></div>
<div><u>Mdsx High 0.65 4.44 174.89 0.65 4.65 183.06</u></div>
<div><u>Mdsx Avg 0.63 -0.33 4.42 173.91 0.65 -0.34 4.65 183.06</u></div>
<div><u>Hensall 0.65 4.44 174.89 0.65 4.65 183.06</u></div>
<div><u>Bruce 0.65 4.44 174.89 0.65 4.65 183.06</u></div>
<div><u>Putnam 0.60 4.39 172.93 0.65 4.65 183.06</u></div>
<div><u>Burford 0.70 4.49 176.86 0.65 4.65 183.06</u></div>
<div><u>Port Perry 0.70 4.49 176.86 0.65 4.65 183.06</u></div>
<div><u>Norfolk 0.70 4.49 176.86 0.70 4.70 185.03</u></div>
<div><u>Palmerston 0.65 4.44 174.89 0.65 4.65 183.06</u></div>
<div><u>Varna 0.65 4.44 174.89 0.65 4.65 183.06</u></div>
<div><u>Trenton 0.65 4.44 174.89 0.75 4.75 187.00</u></div>
<div><u>Winchester 0.90 4.69 184.74 1.00 5.00 196.84</u></div>
<div><u>North Gower 0.92 4.71 185.52 0.94 4.94 194.48</u></div>
<div><u>Huron FOB 0.92 4.71 185.52 0.70 4.70 185.03</u></div>
<div><u>Kent FOB 0.92 4.71 185.52 0.75 4.75 187.00</u></div>
<div><u>Lamb FOB 1.00 4.79 188.67 0.70 4.70 185.03</u></div>
<div><u>Mdsx FOB 0.70 0.70N/A N/A 4.49 176.86 0.70 4.70 185.03</u></div>
<div><u>FOB SW Que 1.35 5.14 202.45 1.05 5.05 198.81</u></div>
<div><u>Track 1.10 4.89 192.61N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.16 1.17 0.93 4.93 194.09</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 4.79 188.67N/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 4.95 194.87</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 5.10 200.78</u></div>
<div><u>W O Feed 1.22 5.02 197.49</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.37 5.16 203.24</u></div>
<div><u>Toledo El. -0.14 3.65 143.79 -0.25 3.75 147.46</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.41 3/4</u></div>
<div><u>HI SD CRN 0.65 4.44 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 1.274 up 0.0063</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.56 NOV18 HI 10.34</u></div>
<div><u> LOW 10.43 3/4 LOW 10.27 1/4</u></div>
<div><u> CLOSE10.49 1/2 Up 3 1/2 CLOSE 10.32 Up 1 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+MAY18</u></div>
<div><u>CK Low 1.95 12.45 457.282.00 12.32 452.68</u></div>
<div><u>CK High 2.00 12.50 459.112.05 12.37 454.52</u></div>
<div><u>CK Average 1.97 -0.7112.46 457.892.03 -0.6112.35 453.66</u></div>
<div><u>Essex Cty 2.05 12.55 460.952.05 12.37 454.52</u></div>
<div><u>Mdsx Low 1.95 12.45 457.282.01 12.33 453.05</u></div>
<div><u>Mdsx High 1.95 12.45 457.282.05 12.37 454.52</u></div>
<div><u>Mdsx Average 1.95 -0.7312.45 457.282.03 -0.6112.35 453.78</u></div>
<div><u>Hensall 1.95 12.45 457.282.05 12.37 454.52</u></div>
<div><u>Bruce 1.95 12.45 457.282.05 12.37 454.52</u></div>
<div><u>Putnam 1.95 12.45 457.282.05 12.37 454.52</u></div>
<div><u>Burford 2.02 12.52 459.852.08 12.40 455.62</u></div>
<div><u>Port Perry 1.95 12.45 457.282.01 12.33 453.05</u></div>
<div><u>Norfolk 1.95 12.45 457.282.10 12.42 456.36</u></div>
<div><u>Palmerston 2.05 12.55 460.952.10 12.42 456.36</u></div>
<div><u>Varna 1.95 12.45 457.282.05 12.37 454.52</u></div>
<div><u>Trenton 1.95 12.45 457.282.00 12.32 452.68</u></div>
<div><u>Winchester 2.10 12.60 462.792.00 12.32 452.68</u></div>
<div><u>North Gower 1.98 12.48 458.381.99 12.31 452.32</u></div>
<div><u>Huron FOB 2.05 12.55 460.952.15 12.47 458.19</u></div>
<div><u>Kent FOB 2.15 12.65 464.622.05 12.37 454.52</u></div>
<div><u>Lambton FOB 2.10 12.60 462.792.15 12.47 458.19</u></div>
<div><u>Middlesex FOB2.08 2.08 2.21 2.26 12.58 462.052.12 12.44 457.09</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.50 12.82 471.05</u></div>
<div><u>Prescott 2.32 12.82 470.872.44 12.76 468.85</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.38 10.11 371.58-0.38 9.94 365.18</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.274 up 0.0063</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 4.65 3/4 JUL18 HI 4.93</u></div>
<div><u> LOW 4.60 1/4 LOW 4.88 1/4</u></div>
<div><u> CLOSE 4.63 1/4 Up 3 3/4 CLOSE 4.91 1/4 Up 3 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR18 HI 6.00 3/4 SEP18 HI 6.31</u></div>
<div><u> LOW 5.94 3/4 LOW 6.25</u></div>
<div><u> CLOSE 5.96 1/2 Up 1/2 CLOSE 6.25 1/2 Down 1 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 1.21 1.14 1.08 0.30</u></div>
<div><u>CAD $/bu 5.84 5.77 5.71 6.26</u></div>
<div><u>CAD $/tonne 214.52 212.18 209.84 230.09</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 0.94 N/A N/A N/A 0.85 N/A</u></div>
<div><u>London 1.04 1.36 0.92 N/A 1.17 0.92 0.86 N/A</u></div>
<div><u>Hensall 1.09 N/A 0.94 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 1.09 1.09 0.94 0.28 1.00 0.85 0.85 0.35</u></div>
<div><u>Essex N/A N/A 0.78 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Norwich 1.09 N/A 0.94 N/A 1.00 N/A 0.80 N/A</u></div>
<div><u>Port Hope N/A N/A 0.94 N/A N/A 0.85 0.85 N/A</u></div>
<div><u>Kent Bridge 1.09 N/A 0.94 N/A 1.00 N/A 0.80 N/A</u></div>
<div><u>Chatham N/A N/A 0.99 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Brigden N/A N/A 0.99 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Palmerston N/A 0.80 0.80 0.25 N/A 0.75 0.85 0.35</u></div>
<div><u>Varna 1.24 1.09 0.94 N/A 1.05 0.85 0.85 N/A</u></div>
<div><u>Mitchell 1.09 1.09 0.94 N/A 1.00 0.85 0.85 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.99 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.24 1.17 0.26 N/A 1.20 1.14 0.27</u></div>
<div><u>W O Feed 1.49</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 1.40 N/A N/A N/A 1.33 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.68US 5.97CA 4.86US 6.18CA</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 1.21 1.08 1.02 0.30</u></div>
<div><u>CAD $/bu 6.12 5.99 5.93 6.56</u></div>
<div><u>CAD $/tonne 224.86 220.19 217.85 240.86</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 541.46</u></div>
<div><u>DDG's FOB Srn & Aylm 220.00 - 245.00</u></div>
<div><u><br>
</u></div>
<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="LPlnk59062" 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="LPlnk942396" 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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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
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