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<div><u>Please be advised that there was an error in Wednesday's report. The CK high of 2.50 for soybeans was incorrect.</u></div>
<div><u>Thank you. </u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 7</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2961 up 0.0073</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.89 DEC18 HI 4.07</u></div>
<div><u> LOW 3.86 3/4 LOW 4.05</u></div>
<div><u> CLOSE3.87 1/4 Down 1 CLOSE 4.06 1/4 Down 1/4</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+JUL18+JUL18</u></div>
<div><u>CK Low 0.65 4.52 178.04 0.65 4.71 185.52</u></div>
<div><u>CK High 0.70 4.57 180.01 0.75 4.81 189.46</u></div>
<div><u>CK Avg 0.69 -0.35 4.56 179.68 0.71 -0.37 4.77 187.82</u></div>
<div><u>Essex Cty 0.70 4.57 180.01 0.75 4.81 189.46</u></div>
<div><u>Mdsx Low 0.70 4.57 180.01 0.70 4.76 187.49</u></div>
<div><u>Mdsx High 0.75 4.62 181.98 0.75 4.81 189.46</u></div>
<div><u>Mdsx Avg 0.73 -0.33 4.60 181.00 0.73 -0.36 4.79 188.48</u></div>
<div><u>Hensall 0.75 4.62 181.98 0.75 4.81 189.46</u></div>
<div><u>Bruce 0.75 4.62 181.98 0.75 4.81 189.46</u></div>
<div><u>Putnam 0.75 4.62 181.98 0.75 4.81 189.46</u></div>
<div><u>Burford 0.75 4.62 181.98 0.75 4.81 189.46</u></div>
<div><u>Port Perry 0.75 4.62 181.98 0.75 4.81 189.46</u></div>
<div><u>Norfolk 0.75 4.62 181.98 0.80 4.86 191.43</u></div>
<div><u>Palmerston 0.65 4.52 178.04 0.65 4.71 185.52</u></div>
<div><u>Varna 0.75 4.62 181.98 0.75 4.81 189.46</u></div>
<div><u>Trenton 0.85 4.72 185.92 0.75 4.81 189.46</u></div>
<div><u>Winchester 0.99 4.86 191.43 1.02 5.08 200.09</u></div>
<div><u>North Gower 0.98 4.85 191.03 1.03 5.09 200.48</u></div>
<div><u>Huron FOB 0.95 4.82 189.85 0.80 4.86 191.43</u></div>
<div><u>Kent FOB 0.97 4.84 190.64 0.80 4.86 191.43</u></div>
<div><u>Lamb FOB 0.97 4.84 190.64 0.80 4.86 191.43</u></div>
<div><u>Mdsx FOB 0.80 0.80 0.80N/A 4.67 183.95 0.70 4.76 187.49</u></div>
<div><u>FOB SW Que 1.22 5.09 200.48 1.09 5.15 202.84</u></div>
<div><u>Track 1.13 5.00 196.74N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.07N/A 0.92 4.98 196.15</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 1.00 1.00 1.00N/A 4.87 191.82N/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 5.01 197.33</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 5.16 203.24</u></div>
<div><u>W O Feed 1.27 5.14 202.45</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.39 5.26 207.18</u></div>
<div><u>Toledo El. -0.09 3.78 148.88 -0.26 3.80 149.75</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.54 3/4</u></div>
<div><u>HI SD CRN 0.70 4.57 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 1.2961 up 0.0073</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.77 1/4 NOV18 HI 10.48</u></div>
<div><u> LOW 10.63 LOW 10.41 1/4</u></div>
<div><u> CLOSE10.65 1/4 Down 9 1/2 CLOSE 10.44 1/2 Down 1</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 2.25 12.90 474.092.20 12.65 464.62</u></div>
<div><u>CK High 2.25 12.90 474.092.30 12.75 468.30</u></div>
<div><u>CK Average 2.25 -0.7012.90 474.092.26 -0.6212.71 466.89</u></div>
<div><u>Essex Cty 2.35 13.00 477.762.25 12.70 466.46</u></div>
<div><u>Mdsx Low 2.25 12.90 474.092.27 12.72 467.20</u></div>
<div><u>Mdsx High 2.25 12.90 474.092.30 12.75 468.30</u></div>
<div><u>Mdsx Average 2.25 -0.7012.90 474.092.29 -0.6012.73 467.75</u></div>
<div><u>Hensall 2.25 12.90 474.092.30 12.75 468.30</u></div>
<div><u>Bruce 2.30 12.95 475.922.35 12.80 470.14</u></div>
<div><u>Putnam 2.25 12.90 474.092.30 12.75 468.30</u></div>
<div><u>Burford 2.36 13.01 478.132.34 12.79 469.77</u></div>
<div><u>Port Perry 2.25 12.90 474.092.27 12.72 467.20</u></div>
<div><u>Norfolk 2.25 12.90 474.092.30 12.75 468.30</u></div>
<div><u>Palmerston 2.05 12.70 466.742.20 12.65 464.62</u></div>
<div><u>Varna 2.20 12.85 472.252.25 12.70 466.46</u></div>
<div><u>Trenton 2.25 12.90 474.092.25 12.70 466.46</u></div>
<div><u>Winchester 2.27 12.92 474.822.13 12.58 462.05</u></div>
<div><u>North Gower 2.20 12.85 472.252.25 12.70 466.46</u></div>
<div><u>Huron FOB 2.30 12.95 475.922.35 12.80 470.14</u></div>
<div><u>Kent FOB 2.45 13.10 481.432.30 12.75 468.30</u></div>
<div><u>Lambton FOB 2.40 13.05 479.602.40 12.85 471.97</u></div>
<div><u>Middlesex FOB2.36 2.49 2.54 2.54 13.01 478.132.38 12.83 471.24</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.70 13.15 483.00</u></div>
<div><u>Prescott 2.51 13.16 483.642.57 13.02 478.22</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 10.34 379.98-0.39 10.06 369.53</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2961 up 0.0073</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAY18 HI 5.09 3/4 JUL18 HI 5.24 1/4</u></div>
<div><u> LOW 4.96 LOW 5.11 3/4</u></div>
<div><u> CLOSE 4.97 1/4 Down 9 3/4 CLOSE 5.13 Down 8 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAY18 HI 6.29 1/4 SEP18 HI 6.42 3/4</u></div>
<div><u> LOW 6.18 LOW 6.32</u></div>
<div><u> CLOSE 6.20 Down 9 CLOSE 6.33 3/4 Down 8</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 1.41 1.34 1.15 0.47</u></div>
<div><u>CAD $/bu 6.38 6.32 6.12 6.67</u></div>
<div><u>CAD $/tonne 234.43 232.04 224.90 245.26</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 0.90 N/A N/A N/A 0.95 N/A</u></div>
<div><u>London 1.08 1.40 0.89 N/A 1.37 1.10 0.92 N/A</u></div>
<div><u>Hensall 1.05 N/A 0.90 N/A 1.10 N/A 0.95 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 1.05 1.05 0.90 0.20 1.10 0.95 0.95 0.35</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.98 N/A</u></div>
<div><u>Norwich 1.05 N/A 0.90 N/A 1.10 N/A 0.95 N/A</u></div>
<div><u>Port Hope N/A N/A 0.90 N/A N/A 0.85 0.95 N/A</u></div>
<div><u>Kent Bridge 1.05 N/A 0.90 N/A 1.10 N/A 0.95 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 1.20 1.05 0.90 N/A 1.15 0.95 0.95 N/A</u></div>
<div><u>Mitchell 1.05 1.05 0.90 N/A 1.10 0.95 0.95 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 1.24 1.22 0.36 N/A 1.35 1.28 0.37</u></div>
<div><u>W O Feed 1.48</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 1.60 N/A N/A N/A 1.51 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.89US 6.34CA 5.08US 6.57CA</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 1.38 1.25 1.18 0.44</u></div>
<div><u>CAD $/bu 6.51 6.38 6.31 6.77</u></div>
<div><u>CAD $/tonne 239.05 234.30 231.92 248.91</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 546.20</u></div>
<div><u>DDG's FOB Srn & Aylm 220.00 - 235.00</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"><o:p> </o:p></span></p>
<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" id="LPlnk279694" previewremoved="true"><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>
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