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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 14</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2941 down 0.0001</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.93 1/4 DEC18 HI 4.12</u></div>
<div><u> LOW 3.88 LOW 4.07 1/4</u></div>
<div><u> CLOSE3.88 3/4 Down 3 CLOSE 4.07 3/4 Down 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 4.54 178.63 0.65 4.73 186.11</u></div>
<div><u>CK High 0.75 4.64 182.57 0.75 4.83 190.05</u></div>
<div><u>CK Avg 0.71 -0.34 4.60 180.93 0.72 -0.37 4.79 188.74</u></div>
<div><u>Essex Cty 0.75 4.64 182.57 0.75 4.83 190.05</u></div>
<div><u>Mdsx Low 0.75 4.64 182.57 0.75 4.83 190.05</u></div>
<div><u>Mdsx High 0.75 4.64 182.57 0.75 4.83 190.05</u></div>
<div><u>Mdsx Avg 0.75 -0.30 4.64 182.57 0.75 -0.34 4.83 190.05</u></div>
<div><u>Hensall 0.78 4.66 183.55 0.75 4.83 190.05</u></div>
<div><u>Bruce 0.75 4.64 182.57 0.75 4.83 190.05</u></div>
<div><u>Putnam 0.75 4.64 182.57 0.75 4.83 190.05</u></div>
<div><u>Burford 0.80 4.69 184.54 0.80 4.88 192.02</u></div>
<div><u>Port Perry 0.80 4.69 184.54 0.80 4.88 192.02</u></div>
<div><u>Norfolk 0.80 4.69 184.54 0.80 4.88 192.02</u></div>
<div><u>Palmerston 0.65 4.54 178.63 0.65 4.73 186.11</u></div>
<div><u>Varna 0.75 4.64 182.57 0.75 4.83 190.05</u></div>
<div><u>Trenton 0.85 4.74 186.51 0.80 4.88 192.02</u></div>
<div><u>Winchester 1.10 4.99 196.35 1.05 5.13 201.86</u></div>
<div><u>North Gower 0.98 4.87 191.63 1.03 5.11 201.07</u></div>
<div><u>Huron FOB 0.95 4.84 190.44 0.75 4.83 190.05</u></div>
<div><u>Kent FOB 0.95 4.84 190.44 0.80 4.88 192.02</u></div>
<div><u>Lamb FOB 0.97 4.86 191.23 0.80 4.88 192.02</u></div>
<div><u>Mdsx FOB 0.80 0.80 0.80N/A 4.69 184.54 0.75 4.83 190.05</u></div>
<div><u>FOB SW Que 1.24 5.13 201.86 0.98 5.06 199.10</u></div>
<div><u>Track 1.13 5.01 197.33N/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 4.89 192.41N/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 1.32 5.21 204.93</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.52 5.41 212.88</u></div>
<div><u>Toledo El. -0.09 3.80 149.48 -0.26 3.82 150.35</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.70 4.58 3/4</u></div>
<div><u>HI SD CRN 0.75 4.63 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 1.2941 down 0.0001</u></div>
<div><u>Chicago soybeans closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.54 NOV18 HI 10.45</u></div>
<div><u> LOW 10.31 LOW 10.27 1/4</u></div>
<div><u> CLOSE10.32 1/4 Down 16 1/2 CLOSE 10.28 3/4 Down 15 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 2.19 12.51 459.762.25 12.54 460.67</u></div>
<div><u>CK High 2.30 12.62 463.802.30 12.59 462.51</u></div>
<div><u>CK Average 2.25 -0.6112.57 461.902.28 -0.5612.56 461.59</u></div>
<div><u>Essex Cty 2.30 12.62 463.802.25 12.54 460.67</u></div>
<div><u>Mdsx Low 2.19 12.51 459.762.30 12.59 462.51</u></div>
<div><u>Mdsx High 2.25 12.57 461.962.30 12.59 462.51</u></div>
<div><u>Mdsx Average 2.22 -0.6312.54 460.862.30 -0.5412.59 462.51</u></div>
<div><u>Hensall 2.25 12.57 461.962.30 12.59 462.51</u></div>
<div><u>Bruce 2.25 12.57 461.962.30 12.59 462.51</u></div>
<div><u>Putnam 2.25 12.57 461.962.30 12.59 462.51</u></div>
<div><u>Burford 2.26 12.58 462.332.37 12.66 465.08</u></div>
<div><u>Port Perry 2.19 12.51 459.762.30 12.59 462.51</u></div>
<div><u>Norfolk 2.25 12.57 461.962.30 12.59 462.51</u></div>
<div><u>Palmerston 2.25 12.57 461.962.30 12.59 462.51</u></div>
<div><u>Varna 2.15 12.47 458.292.20 12.49 458.84</u></div>
<div><u>Trenton 2.25 12.57 461.962.30 12.59 462.51</u></div>
<div><u>Winchester 2.20 12.52 460.122.25 12.54 460.67</u></div>
<div><u>North Gower 2.10 12.42 456.452.20 12.49 458.84</u></div>
<div><u>Huron FOB 2.35 12.67 465.632.40 12.69 466.19</u></div>
<div><u>Kent FOB 2.40 12.72 467.472.25 12.54 460.67</u></div>
<div><u>Lambton FOB 2.25 12.57 461.962.30 12.59 462.51</u></div>
<div><u>Middlesex FOB2.30 2.45 2.53 2.53 12.62 463.802.40 12.69 466.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.70 12.99 477.21</u></div>
<div><u>Prescott 2.48 12.80 470.412.63 12.92 474.64</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 10.01 367.88-0.39 9.90 363.76</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2941 down 0.0001</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY18 HI 4.90 1/2 JUL18 HI 5.08</u></div>
<div><u> LOW 4.83 LOW 5.01</u></div>
<div><u> CLOSE 4.88 3/4 Up 2 1/4 CLOSE 5.06 1/4 Up 1 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY18 HI 6.28 3/4 SEP18 HI 6.40 1/2</u></div>
<div><u> LOW 6.20 3/4 LOW 6.33 1/2</u></div>
<div><u> CLOSE 6.21 3/4 Down 3 3/4 CLOSE 6.34 1/4 Down 3 3/4</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 1.37 1.31 1.11 0.47</u></div>
<div><u>CAD $/bu 6.26 6.20 6.00 6.69</u></div>
<div><u>CAD $/tonne 230.02 227.64 220.51 245.71</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 1.05 1.37 0.92 N/A 1.35 1.09 0.97 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 0.95 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 0.95 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 0.95 N/A N/A N/A 1.00 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 1.20 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.20 1.06 0.38 N/A 1.33 1.27 0.39</u></div>
<div><u>W O Feed 1.51</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 1.57 N/A N/A N/A 1.48 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.94US 6.39CA 5.01US 6.47CA</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 1.15 0.43</u></div>
<div><u>CAD $/bu 6.41 6.28 6.22 6.77</u></div>
<div><u>CAD $/tonne 235.52 230.78 228.40 248.81</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 532.32</u></div>
<div><u>DDG's FOB Srn & Aylm 220.00 - 225.00</u></div>
<div><br>
</div>
<br>
<p></p>
<p style="margin-top:0;margin-bottom:0"><span id="ms-rterangepaste-start"></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="LPlnk351726" 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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