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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 28</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2826 up 0.0086</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.84 3/4 DEC18 HI 4.03 1/4</u></div>
<div><u> LOW 3.78 1/4 LOW 3.99</u></div>
<div><u> CLOSE3.82 Up 2 3/4 CLOSE 4.01 1/2 Up 1 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 +MAY18+JUL18+JUL18</u></div>
<div><u>CK Low 0.60 4.42 174.01 0.65 4.67 183.65</u></div>
<div><u>CK High 0.65 4.47 175.98 0.70 4.72 185.62</u></div>
<div><u>CK Avg 0.63 -0.35 4.45 174.99 0.67 -0.36 4.68 184.31</u></div>
<div><u>Essex Cty 0.65 4.47 175.98 0.65 4.67 183.65</u></div>
<div><u>Mdsx Low 0.60 4.42 174.01 0.65 4.67 183.65</u></div>
<div><u>Mdsx High 0.65 4.47 175.98 0.65 4.67 183.65</u></div>
<div><u>Mdsx Avg 0.63 -0.35 4.45 174.99 0.65 -0.37 4.67 183.65</u></div>
<div><u>Hensall 0.65 4.47 175.98 0.65 4.67 183.65</u></div>
<div><u>Bruce 0.65 4.47 175.98 0.65 4.67 183.65</u></div>
<div><u>Putnam 0.60 4.42 174.01 0.65 4.67 183.65</u></div>
<div><u>Burford 0.70 4.52 177.94 0.65 4.67 183.65</u></div>
<div><u>Port Perry 0.70 4.52 177.94 0.65 4.67 183.65</u></div>
<div><u>Norfolk 0.70 4.52 177.94 0.70 4.72 185.62</u></div>
<div><u>Palmerston 0.65 4.47 175.98 0.65 4.67 183.65</u></div>
<div><u>Varna 0.65 4.47 175.98 0.65 4.67 183.65</u></div>
<div><u>Trenton 0.75 4.57 179.91 0.75 4.77 187.59</u></div>
<div><u>Winchester 0.98 4.80 188.97 1.04 5.06 199.01</u></div>
<div><u>North Gower 0.96 4.78 188.18 0.94 4.96 195.07</u></div>
<div><u>Huron FOB 0.92 4.74 186.61 0.70 4.72 185.62</u></div>
<div><u>Kent FOB 0.92 4.74 186.61 0.75 4.77 187.59</u></div>
<div><u>Lamb FOB 1.00 4.82 189.76 0.70 4.72 185.62</u></div>
<div><u>Mdsx FOB 0.70 0.70N/A N/A 4.52 177.94 0.70 4.72 185.62</u></div>
<div><u>FOB SW Que 1.35 5.17 203.53 1.05 5.07 199.40</u></div>
<div><u>Track 1.10 4.92 193.69N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.16 1.17N/A 0.93 4.95 194.68</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 1.10 1.10 N/A</u></div>
<div><u>Sarn-Eth 1.00N/A N/A N/A 4.82 189.76N/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 1.15N/A 0.95 4.97 195.46</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 5.12 201.37</u></div>
<div><u>W O Feed 1.23 5.05 198.73</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.39 5.21 205.11</u></div>
<div><u>Toledo El. -0.12 3.70 145.84 -0.26 3.76 147.98</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.44 1/2</u></div>
<div><u>HI SD CRN 0.65 4.47</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2826 up 0.0086</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.59 NOV18 HI 10.36 1/4</u></div>
<div><u> LOW 10.45 3/4 LOW 10.29</u></div>
<div><u> CLOSE10.55 1/2 Up 6 CLOSE 10.32 1/4 Up 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+JUL18</u></div>
<div><u>CK Low 2.00 12.56 461.322.05 12.37 454.61</u></div>
<div><u>CK High 2.05 12.61 463.152.15 12.47 458.29</u></div>
<div><u>CK Average 2.04 -0.7412.59 462.662.09 -0.6312.41 456.08</u></div>
<div><u>Essex Cty 2.05 12.61 463.152.05 12.37 454.61</u></div>
<div><u>Mdsx Low 2.02 12.58 462.052.09 12.41 456.08</u></div>
<div><u>Mdsx High 2.05 12.61 463.152.15 12.47 458.29</u></div>
<div><u>Mdsx Average 2.04 -0.7412.59 462.602.12 -0.6112.44 457.18</u></div>
<div><u>Hensall 2.03 12.58 462.242.13 12.45 457.37</u></div>
<div><u>Bruce 2.05 12.61 463.152.15 12.47 458.29</u></div>
<div><u>Putnam 1.95 12.51 459.482.05 12.37 454.61</u></div>
<div><u>Burford 2.09 12.65 464.622.16 12.48 458.65</u></div>
<div><u>Port Perry 2.02 12.58 462.052.09 12.41 456.08</u></div>
<div><u>Norfolk 2.05 12.61 463.152.15 12.47 458.29</u></div>
<div><u>Palmerston 2.05 12.61 463.152.10 12.42 456.45</u></div>
<div><u>Varna 2.00 12.56 461.322.10 12.42 456.45</u></div>
<div><u>Trenton 2.00 12.56 461.322.05 12.37 454.61</u></div>
<div><u>Winchester 2.21 12.77 469.032.02 12.34 453.51</u></div>
<div><u>North Gower 2.04 12.60 462.792.06 12.38 454.98</u></div>
<div><u>Huron FOB 2.10 12.66 464.992.20 12.52 460.12</u></div>
<div><u>Kent FOB 2.25 12.81 470.502.10 12.42 456.45</u></div>
<div><u>Lambton FOB 2.20 12.76 468.672.25 12.57 461.96</u></div>
<div><u>Middlesex FOB2.15 2.28 2.32 2.32 12.71 466.832.19 12.51 459.76</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.55 12.87 472.98</u></div>
<div><u>Prescott 2.32 12.88 473.082.44 12.76 468.94</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 10.25 376.52-0.38 9.94 365.17</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2826 up 0.0086</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>MAY18 HI 4.99 1/2 JUL18 HI 5.12 1/4</u></div>
<div><u> LOW 4.76 1/2 LOW 4.90 1/2</u></div>
<div><u> CLOSE 4.95 Up 18 CLOSE 5.07 1/4 Up 16</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed higher.</u></div>
<div><u>MAY18 HI 6.22 3/4 SEP18 HI 6.38 1/4</u></div>
<div><u> LOW 6.09 LOW 6.27 1/4</u></div>
<div><u> CLOSE 6.21 3/4 Up 12 3/4 CLOSE 6.37 3/4 Up 12 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 1.33 1.27 1.21 0.41</u></div>
<div><u>CAD $/bu 6.28 6.22 6.16 6.63</u></div>
<div><u>CAD $/tonne 230.93 228.57 226.22 243.54</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 0.80 N/A N/A N/A 0.85 N/A</u></div>
<div><u>London 0.97 1.27 0.82 N/A 1.21 0.95 0.85 N/A</u></div>
<div><u>Hensall 1.00 N/A 0.85 N/A 1.05 N/A 0.90 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.00 N/A</u></div>
<div><u>Bruce 0.95 0.95 0.80 0.15 1.00 0.85 0.85 0.35</u></div>
<div><u>Essex N/A N/A 0.69 N/A N/A N/A 0.83 N/A</u></div>
<div><u>Norwich 1.00 N/A 0.85 N/A 1.05 N/A 0.90 N/A</u></div>
<div><u>Port Hope N/A N/A 0.85 N/A N/A 0.85 0.90 N/A</u></div>
<div><u>Kent Bridge 1.00 N/A 0.85 N/A 1.05 N/A 0.90 N/A</u></div>
<div><u>Chatham N/A N/A 0.85 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Brigden N/A N/A 0.85 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Palmerston N/A 0.80 0.80 N/A N/A 0.75 0.85 0.35</u></div>
<div><u>Varna 1.10 0.95 0.80 N/A 1.05 0.85 0.85 N/A</u></div>
<div><u>Mitchell 1.00 1.00 0.80 N/A 1.05 0.90 0.90 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.96 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.14 1.08 0.14 N/A 1.22 1.16 0.30</u></div>
<div><u>W O Feed 1.37</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 1.42 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.87US 6.25CA 5.02US 6.43CA</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 1.30 1.17 1.10 0.38</u></div>
<div><u>CAD $/bu 6.37 6.24 6.18 6.76</u></div>
<div><u>CAD $/tonne 233.97 229.27 226.91 248.32</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 547.53</u></div>
<div><u>DDG's FOB Srn & Aylm 220.00 - 245.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</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: rgb(253, 253, 253);">Editor, AgriLink and Farm Market News<span class="apple-converted-space" style=""> </span></span><br>
<span style="background: rgb(253, 253, 253);">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background: rgb(253, 253, 253);">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500" style="" id="LPlnk768279" 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="LPlnk612319" 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;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<br>
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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