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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.307 up 0.0030</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.87 1/2 DEC18 HI 4.07</u></div>
<div><u> LOW 3.82 1/2 LOW 4.03 1/4</u></div>
<div><u> CLOSE3.82 3/4 Down 4 CLOSE 4.03 3/4 Down 2 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 0.75 4.58 180.21 0.70 4.74 186.51</u></div>
<div><u>CK High 0.80 4.63 182.18 0.80 4.84 190.44</u></div>
<div><u>CK Avg 0.76 -0.32 4.59 180.54 0.74 -0.38 4.78 188.15</u></div>
<div><u>Essex Cty 0.75 4.58 180.21 0.75 4.79 188.48</u></div>
<div><u>Mdsx Low 0.75 4.58 180.21 0.75 4.79 188.48</u></div>
<div><u>Mdsx High 0.80 4.63 182.18 0.75 4.79 188.48</u></div>
<div><u>Mdsx Avg 0.78 -0.31 4.60 181.19 0.75 -0.37 4.79 188.48</u></div>
<div><u>Hensall 0.80 4.63 182.18 0.75 4.79 188.48</u></div>
<div><u>Bruce 0.80 4.63 182.18 0.75 4.79 188.48</u></div>
<div><u>Putnam 0.80 4.63 182.18 0.75 4.79 188.48</u></div>
<div><u>Burford 0.80 4.63 182.18 0.80 4.84 190.44</u></div>
<div><u>Port Perry 0.80 4.63 182.18 0.80 4.84 190.44</u></div>
<div><u>Norfolk 0.80 4.63 182.18 0.80 4.84 190.44</u></div>
<div><u>Palmerston 0.75 4.58 180.21 0.75 4.79 188.48</u></div>
<div><u>Varna 0.80 4.63 182.18 0.75 4.79 188.48</u></div>
<div><u>Trenton 0.85 4.68 184.15 0.80 4.84 190.44</u></div>
<div><u>Winchester 1.07 4.90 192.81 1.05 5.09 200.29</u></div>
<div><u>North Gower 0.98 4.81 189.26 1.03 5.07 199.50</u></div>
<div><u>Huron FOB 0.95 4.78 188.08 0.80 4.84 190.44</u></div>
<div><u>Kent FOB 0.95 4.78 188.08 0.80 4.84 190.44</u></div>
<div><u>Lamb FOB 1.00 4.83 190.05 0.80 4.84 190.44</u></div>
<div><u>Mdsx FOB 0.80 0.80 0.80N/A 4.63 182.18 0.75 4.79 188.48</u></div>
<div><u>FOB SW Que 1.36 5.19 204.22 1.17 5.21 205.01</u></div>
<div><u>Track 1.13 4.95 194.97N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.11N/A 0.93 4.97 195.56</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 4.99 196.35</u></div>
<div><u>Sarn-Eth 1.00 1.00 1.00N/A 4.83 190.05N/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 4.99 196.35</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 5.14 202.25</u></div>
<div><u>W O Feed 1.34 5.16 203.28</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.52 5.35 210.52</u></div>
<div><u>Toledo El. -0.09 3.74 147.08 -0.26 3.78 148.66</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.60 1/4</u></div>
<div><u>HI SD CRN 0.80 4.62 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 1.307 up 0.0030</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.50 NOV18 HI 10.41 1/4</u></div>
<div><u> LOW 10.40 3/4 LOW 10.33</u></div>
<div><u> CLOSE10.49 1/2 Up 8 3/4 CLOSE 10.41 Up 7 1/2</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 2.30 12.80 470.142.30 12.71 467.01</u></div>
<div><u>CK High 2.40 12.90 473.812.45 12.86 472.52</u></div>
<div><u>CK Average 2.34 -0.6712.84 471.672.36 -0.6412.77 469.34</u></div>
<div><u>Essex Cty 2.35 12.85 471.972.30 12.71 467.01</u></div>
<div><u>Mdsx Low 2.30 12.80 470.142.38 12.79 469.95</u></div>
<div><u>Mdsx High 2.35 12.85 471.972.40 12.81 470.69</u></div>
<div><u>Mdsx Average 2.33 -0.6912.82 471.052.39 -0.6212.80 470.32</u></div>
<div><u>Hensall 2.35 12.85 471.972.40 12.81 470.69</u></div>
<div><u>Bruce 2.35 12.85 471.972.40 12.81 470.69</u></div>
<div><u>Putnam 2.35 12.85 471.972.40 12.81 470.69</u></div>
<div><u>Burford 2.37 12.87 472.712.45 12.86 472.52</u></div>
<div><u>Port Perry 2.30 12.80 470.142.38 12.79 469.95</u></div>
<div><u>Norfolk 2.30 12.80 470.142.35 12.76 468.85</u></div>
<div><u>Palmerston 2.35 12.85 471.972.35 12.76 468.85</u></div>
<div><u>Varna 2.35 12.85 471.972.40 12.81 470.69</u></div>
<div><u>Trenton 2.40 12.90 473.812.40 12.81 470.69</u></div>
<div><u>Winchester 2.40 12.90 473.812.35 12.76 468.85</u></div>
<div><u>North Gower 2.25 12.75 468.302.32 12.73 467.75</u></div>
<div><u>Huron FOB 2.45 12.95 475.652.50 12.91 474.36</u></div>
<div><u>Kent FOB 2.45 12.95 475.652.30 12.71 467.01</u></div>
<div><u>Lambton FOB 2.40 12.90 473.812.40 12.81 470.69</u></div>
<div><u>Middlesex FOB2.34 2.54 2.63 2.63 12.84 471.612.49 12.90 473.99</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 13.21 485.38</u></div>
<div><u>Prescott 2.63 13.13 482.262.78 13.19 484.65</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 10.18 374.10-0.39 10.02 368.09</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.307 up 0.0030</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>MAY18 HI 4.82 1/4 JUL18 HI 4.99 3/4</u></div>
<div><u> LOW 4.67 LOW 4.84</u></div>
<div><u> CLOSE 4.67 3/4 Down 11 CLOSE 4.85 Down 11</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY18 HI 6.18 1/2 SEP18 HI 6.29 3/4</u></div>
<div><u> LOW 6.10 1/2 LOW 6.24 1/2</u></div>
<div><u> CLOSE 6.11 3/4 Down 3 3/4 CLOSE 6.25 1/4 Down 3</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 0.51</u></div>
<div><u>CAD $/bu 6.05 5.98 5.79 6.62</u></div>
<div><u>CAD $/tonne 222.23 219.83 212.63 243.37</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 0.95 N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.12 1.45 0.99 N/A 1.42 1.16 1.03 N/A</u></div>
<div><u>Hensall 1.10 N/A 0.95 N/A 1.15 N/A 1.00 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 1.10 1.10 0.95 0.20 1.15 1.00 1.00 0.35</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.97 N/A</u></div>
<div><u>Norwich 1.10 N/A 0.95 N/A 1.15 N/A 1.00 N/A</u></div>
<div><u>Port Hope N/A N/A 0.95 N/A N/A 1.00 1.00 N/A</u></div>
<div><u>Kent Bridge 1.10 N/A 0.95 N/A 1.15 N/A 1.00 N/A</u></div>
<div><u>Chatham N/A N/A 1.00 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.00 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.00 0.90 0.25 N/A 1.00 1.00 0.50</u></div>
<div><u>Varna 1.25 1.20 0.95 N/A 1.20 1.10 1.00 N/A</u></div>
<div><u>Mitchell 1.10 1.10 0.95 N/A 1.15 1.00 1.00 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.18 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.22 1.08 0.40 N/A 1.37 1.30 0.43</u></div>
<div><u>W O Feed 1.53</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 1.49 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.73US 6.18CA 4.80US 6.27CA</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 1.36 1.23 1.16 0.48</u></div>
<div><u>CAD $/bu 6.21 6.08 6.01 6.73</u></div>
<div><u>CAD $/tonne 228.12 223.31 220.91 247.45</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 534.52</u></div>
<div><u>DDG's FOB Srn & Aylm 220.00 - 225.00</u></div>
<div><br>
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<br>
<p></p>
<p style="margin-top:0;margin-bottom:0"></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="LPlnk336580" 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>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530" id="LPlnk343043" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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none">519-674-1530</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;
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<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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