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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 2</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2906 up 0.0059</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.88 DEC18 HI 4.05</u></div>
<div><u> LOW 3.83 1/2 LOW 4.02 3/4</u></div>
<div><u> CLOSE3.85 1/4 Down 1 CLOSE 4.04 1/4 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 +MAY18+JUL18+JUL18</u></div>
<div><u>CK Low 0.60 4.45 175.29 0.65 4.69 184.74</u></div>
<div><u>CK High 0.70 4.55 179.22 0.75 4.79 188.67</u></div>
<div><u>CK Avg 0.63 -0.38 4.49 176.60 0.68 -0.38 4.72 185.72</u></div>
<div><u>Essex Cty 0.65 4.50 177.26 0.65 4.69 184.74</u></div>
<div><u>Mdsx Low 0.60 4.45 175.29 0.65 4.69 184.74</u></div>
<div><u>Mdsx High 0.65 4.50 177.26 0.65 4.69 184.74</u></div>
<div><u>Mdsx Avg 0.63 -0.38 4.48 176.27 0.65 -0.40 4.69 184.74</u></div>
<div><u>Hensall 0.68 4.53 178.24 0.68 4.72 185.72</u></div>
<div><u>Bruce 0.65 4.50 177.26 0.65 4.69 184.74</u></div>
<div><u>Putnam 0.70 4.55 179.22 0.70 4.74 186.70</u></div>
<div><u>Burford 0.70 4.55 179.22 0.65 4.69 184.74</u></div>
<div><u>Port Perry 0.70 4.55 179.22 0.65 4.69 184.74</u></div>
<div><u>Norfolk 0.70 4.55 179.22 0.70 4.74 186.70</u></div>
<div><u>Palmerston 0.65 4.50 177.26 0.65 4.69 184.74</u></div>
<div><u>Varna 0.70 4.55 179.22 0.70 4.74 186.70</u></div>
<div><u>Trenton 0.75 4.60 181.19 0.75 4.79 188.67</u></div>
<div><u>Winchester 0.98 4.83 190.25 1.03 5.07 199.70</u></div>
<div><u>North Gower 0.96 4.81 189.46 1.03 5.07 199.70</u></div>
<div><u>Huron FOB 0.92 4.77 187.89 0.75 4.79 188.67</u></div>
<div><u>Kent FOB 0.92 4.77 187.89 0.80 4.84 190.64</u></div>
<div><u>Lamb FOB 0.97 4.82 189.85 0.80 4.84 190.64</u></div>
<div><u>Mdsx FOB 0.70 0.70N/A N/A 4.55 179.22 0.70 4.74 186.70</u></div>
<div><u>FOB SW Que 1.30 5.15 202.84 1.05 5.09 200.48</u></div>
<div><u>Track 1.10 4.95 194.97N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.14N/A 0.95 4.99 196.55</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 4.85 191.03N/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 4.99 196.55</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 5.14 202.45</u></div>
<div><u>W O Feed 1.23 5.08 200.01</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.39 5.24 206.39</u></div>
<div><u>Toledo El. -0.09 3.76 148.11 -0.26 3.78 149.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 1 4.50 1/4</u></div>
<div><u>HI SD CRN 0.70 4.55 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 1.2906 up 0.0059</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.82 1/2 NOV18 HI 10.42 3/4</u></div>
<div><u> LOW 10.63 3/4 LOW 10.33</u></div>
<div><u> CLOSE10.71 Up 3 CLOSE 10.37 1/4 Down 3/4</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 2.15 12.86 472.522.15 12.52 460.12</u></div>
<div><u>CK High 2.20 12.91 474.362.25 12.62 463.80</u></div>
<div><u>CK Average 2.19 -0.7212.90 473.872.20 -0.6112.57 461.96</u></div>
<div><u>Essex Cty 2.25 12.96 476.202.15 12.52 460.12</u></div>
<div><u>Mdsx Low 2.15 12.86 472.522.15 12.52 460.12</u></div>
<div><u>Mdsx High 2.20 12.91 474.362.25 12.62 463.80</u></div>
<div><u>Mdsx Average 2.18 -0.7312.89 473.442.20 -0.6112.57 461.96</u></div>
<div><u>Hensall 2.20 12.91 474.362.25 12.62 463.80</u></div>
<div><u>Bruce 2.20 12.91 474.362.25 12.62 463.80</u></div>
<div><u>Putnam 2.20 12.91 474.362.25 12.62 463.80</u></div>
<div><u>Burford 2.32 13.03 478.772.22 12.59 462.70</u></div>
<div><u>Port Perry 2.15 12.86 472.522.15 12.52 460.12</u></div>
<div><u>Norfolk 2.17 12.88 473.262.25 12.62 463.80</u></div>
<div><u>Palmerston 2.25 12.96 476.202.20 12.57 461.96</u></div>
<div><u>Varna 2.20 12.91 474.362.25 12.62 463.80</u></div>
<div><u>Trenton 2.20 12.91 474.362.20 12.57 461.96</u></div>
<div><u>Winchester 2.30 13.01 478.042.10 12.47 458.29</u></div>
<div><u>North Gower 2.08 12.79 469.952.15 12.52 460.12</u></div>
<div><u>Huron FOB 2.30 13.01 478.042.35 12.72 467.47</u></div>
<div><u>Kent FOB 2.37 13.08 480.612.20 12.57 461.96</u></div>
<div><u>Lambton FOB 2.40 13.11 481.712.30 12.67 465.63</u></div>
<div><u>Middlesex FOB2.32 2.45 2.49 2.49 13.03 478.772.29 12.66 465.27</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.70 13.07 480.33</u></div>
<div><u>Prescott 2.50 13.21 485.382.60 12.97 476.66</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 10.40 382.14-0.39 9.99 366.92</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2906 up 0.0059</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>MAY18 HI 5.18 1/2 JUL18 HI 5.31 3/4</u></div>
<div><u> LOW 4.93 1/4 LOW 5.07 1/2</u></div>
<div><u> CLOSE 5.00 Down 15 1/2 CLOSE 5.14 1/2 Down 14</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed lower.</u></div>
<div><u>MAY18 HI 6.34 SEP18 HI 6.46</u></div>
<div><u> LOW 6.16 1/4 LOW 6.32</u></div>
<div><u> CLOSE 6.20 1/4 Down 14 1/2 CLOSE 6.34 1/4 Down 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 1.39 1.32 1.26 0.45</u></div>
<div><u>CAD $/bu 6.39 6.32 6.26 6.65</u></div>
<div><u>CAD $/tonne 234.73 232.36 229.99 244.33</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 0.85 N/A N/A N/A 0.90 N/A</u></div>
<div><u>London 1.13 1.39 0.94 N/A 1.35 1.10 0.97 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 1.00 1.00 0.85 0.15 1.05 0.90 0.90 0.35</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.91 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 0.90 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 0.90 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Palmerston N/A 0.80 0.90 0.25 N/A 0.75 0.85 0.35</u></div>
<div><u>Varna 1.15 1.05 0.90 N/A 1.10 0.95 0.95 N/A</u></div>
<div><u>Mitchell 1.00 1.00 0.85 N/A 1.05 0.90 0.90 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.35 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.34 1.27 0.46 N/A 1.37 1.31 0.41</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 1.58 N/A N/A N/A 1.48 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.92US 6.35CA 5.10US 6.56CA</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 1.35 1.22 1.16 0.41</u></div>
<div><u>CAD $/bu 6.50 6.37 6.31 6.75</u></div>
<div><u>CAD $/tonne 238.79 234.06 231.69 248.14</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 553.26</u></div>
<div><u>DDG's FOB Srn & Aylm 220.00 - 235.00</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="LPlnk224223" 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="LPlnk890470" 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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