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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, March 12</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2825 down 0.0003</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.91 1/4 DEC18 HI 4.08</u></div>
<div><u> LOW 3.87 LOW 4.03 1/2</u></div>
<div><u> CLOSE3.90 3/4 Up 1/4 CLOSE 4.07 3/4 Up 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 0.65 4.56 179.42 0.65 4.73 186.11</u></div>
<div><u>CK High 0.75 4.66 183.36 0.75 4.83 190.05</u></div>
<div><u>CK Avg 0.70 -0.32 4.61 181.39 0.71 -0.34 4.79 188.41</u></div>
<div><u>Essex Cty 0.75 4.66 183.36 0.75 4.83 190.05</u></div>
<div><u>Mdsx Low 0.70 4.61 181.39 0.70 4.78 188.08</u></div>
<div><u>Mdsx High 0.75 4.66 183.36 0.75 4.83 190.05</u></div>
<div><u>Mdsx Avg 0.73 -0.30 4.63 182.37 0.73 -0.33 4.80 189.07</u></div>
<div><u>Hensall 0.75 4.66 183.36 0.75 4.83 190.05</u></div>
<div><u>Bruce 0.75 4.66 183.36 0.75 4.83 190.05</u></div>
<div><u>Putnam 0.75 4.66 183.36 0.75 4.83 190.05</u></div>
<div><u>Burford 0.75 4.66 183.36 0.75 4.83 190.05</u></div>
<div><u>Port Perry 0.75 4.66 183.36 0.75 4.83 190.05</u></div>
<div><u>Norfolk 0.80 4.71 185.33 0.80 4.88 192.02</u></div>
<div><u>Palmerston 0.65 4.56 179.42 0.65 4.73 186.11</u></div>
<div><u>Varna 0.75 4.66 183.36 0.75 4.83 190.05</u></div>
<div><u>Trenton 0.85 4.76 187.29 0.75 4.83 190.05</u></div>
<div><u>Winchester 1.00 4.91 193.20 1.05 5.13 201.86</u></div>
<div><u>North Gower 0.98 4.89 192.41 1.03 5.11 201.07</u></div>
<div><u>Huron FOB 0.90 4.81 189.26 0.75 4.83 190.05</u></div>
<div><u>Kent FOB 0.95 4.86 191.23 0.80 4.88 192.02</u></div>
<div><u>Lamb FOB 0.97 4.88 192.02 0.80 4.88 192.02</u></div>
<div><u>Mdsx FOB 0.80 0.80 0.80N/A 4.71 185.33 0.70 4.78 188.08</u></div>
<div><u>FOB SW Que 1.25 5.16 203.04 1.02 5.10 200.68</u></div>
<div><u>Track 1.13 5.03 198.12N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.01N/A 0.92 5.00 196.74</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 1.15 1.15 0.95 5.03 197.92</u></div>
<div><u>Sarn-Eth 1.00 1.00 1.00N/A 4.91 193.20N/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 1.20N/A 0.95 5.03 197.92</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 5.18 203.83</u></div>
<div><u>W O Feed 1.29 5.20 204.54</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.52 5.43 213.67</u></div>
<div><u>Toledo El. -0.09 3.82 150.30 -0.26 3.82 150.45</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.70 4.60 3/4</u></div>
<div><u>HI SD CRN 0.75 4.65 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2825 down 0.0003</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.45 NOV18 HI 10.36 3/4</u></div>
<div><u> LOW 10.32 LOW 10.24 1/4</u></div>
<div><u> CLOSE10.41 Up 1 3/4 CLOSE 10.36 Up 6</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 2.07 12.48 458.562.10 12.46 457.83</u></div>
<div><u>CK High 2.15 12.56 461.502.25 12.61 463.34</u></div>
<div><u>CK Average 2.14 -0.6312.55 461.012.15 -0.5912.51 459.60</u></div>
<div><u>Essex Cty 2.20 12.61 463.342.15 12.51 459.66</u></div>
<div><u>Mdsx Low 2.07 12.48 458.562.14 12.50 459.30</u></div>
<div><u>Mdsx High 2.15 12.56 461.502.15 12.51 459.66</u></div>
<div><u>Mdsx Average 2.11 -0.6512.52 460.032.15 -0.5912.51 459.48</u></div>
<div><u>Hensall 2.13 12.54 460.582.15 12.51 459.66</u></div>
<div><u>Bruce 2.15 12.56 461.502.15 12.51 459.66</u></div>
<div><u>Putnam 2.15 12.56 461.502.15 12.51 459.66</u></div>
<div><u>Burford 2.14 12.55 461.132.21 12.57 461.87</u></div>
<div><u>Port Perry 2.07 12.48 458.562.14 12.50 459.30</u></div>
<div><u>Norfolk 2.15 12.56 461.502.20 12.56 461.50</u></div>
<div><u>Palmerston 2.15 12.56 461.502.15 12.51 459.66</u></div>
<div><u>Varna 2.20 12.61 463.342.25 12.61 463.34</u></div>
<div><u>Trenton 2.15 12.56 461.502.15 12.51 459.66</u></div>
<div><u>Winchester 2.14 12.55 461.132.03 12.39 455.25</u></div>
<div><u>North Gower 2.10 12.51 459.662.20 12.56 461.50</u></div>
<div><u>Huron FOB 2.20 12.61 463.342.25 12.61 463.34</u></div>
<div><u>Kent FOB 2.30 12.71 467.012.15 12.51 459.66</u></div>
<div><u>Lambton FOB 2.40 12.81 470.692.40 12.76 468.85</u></div>
<div><u>Middlesex FOB2.17 2.30 2.35 2.35 12.58 462.242.24 12.60 462.97</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.58 12.94 475.46</u></div>
<div><u>Prescott 2.39 12.80 470.322.51 12.87 472.89</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 10.10 371.19-0.38 9.98 366.55</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2825 down 0.0003</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY18 HI 4.92 3/4 JUL18 HI 5.09</u></div>
<div><u> LOW 4.83 LOW 4.99 1/4</u></div>
<div><u> CLOSE 4.90 3/4 Up 1 1/2 CLOSE 5.07 1/2 Up 2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAY18 HI 6.25 SEP18 HI 6.39</u></div>
<div><u> LOW 6.15 LOW 6.28 3/4</u></div>
<div><u> CLOSE 6.24 1/2 Up 7 CLOSE 6.38 1/4 Up 6</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 1.32 1.26 1.07 0.42</u></div>
<div><u>CAD $/bu 6.23 6.17 5.97 6.66</u></div>
<div><u>CAD $/tonne 228.91 226.56 219.49 244.82</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 0.98 1.30 0.79 N/A 1.28 1.02 0.83 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 0.92 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 0.95 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 1.15 0.90 N/A 1.15 1.05 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 1.12 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.16 1.01 0.30 N/A 1.27 1.21 0.31</u></div>
<div><u>W O Feed 1.47</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 1.51 N/A N/A N/A 1.42 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.91US 6.29CA 5.03US 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 1.29 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 234.00 229.30 226.94 248.46</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 531.76</u></div>
<div><u>DDG's FOB Srn & Aylm 220.00 - 225.00</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="LPlnk300742" 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="LPlnk486473" 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>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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