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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, March 20</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3052 up 0.0005</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.77 DEC18 HI 3.98 3/4</u></div>
<div><u> LOW 3.73 1/4 LOW 3.95 1/2</u></div>
<div><u> CLOSE3.74 1/2 Down 1/2 CLOSE 3.97 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 0.75 4.50 176.96 0.75 4.72 185.92</u></div>
<div><u>CK High 0.80 4.55 178.93 0.80 4.77 187.89</u></div>
<div><u>CK Avg 0.76 -0.29 4.50 177.29 0.76 -0.35 4.73 186.24</u></div>
<div><u>Essex Cty 0.75 4.50 176.96 0.75 4.72 185.92</u></div>
<div><u>Mdsx Low 0.75 4.50 176.96 0.75 4.72 185.92</u></div>
<div><u>Mdsx High 0.80 4.55 178.93 0.75 4.72 185.92</u></div>
<div><u>Mdsx Avg 0.78 -0.28 4.52 177.94 0.75 -0.35 4.72 185.92</u></div>
<div><u>Hensall 0.80 4.55 178.93 0.75 4.72 185.92</u></div>
<div><u>Bruce 0.80 4.55 178.93 0.75 4.72 185.92</u></div>
<div><u>Putnam 0.80 4.55 178.93 0.75 4.72 185.92</u></div>
<div><u>Burford 0.80 4.55 178.93 0.80 4.77 187.89</u></div>
<div><u>Port Perry 0.80 4.55 178.93 0.80 4.77 187.89</u></div>
<div><u>Norfolk 0.80 4.55 178.93 0.80 4.77 187.89</u></div>
<div><u>Palmerston 0.75 4.50 176.96 0.75 4.72 185.92</u></div>
<div><u>Varna 0.80 4.55 178.93 0.75 4.72 185.92</u></div>
<div><u>Trenton 0.85 4.60 180.90 0.80 4.77 187.89</u></div>
<div><u>Winchester 1.00 4.75 186.80 1.00 4.97 195.76</u></div>
<div><u>North Gower 0.99 4.74 186.41 1.03 5.00 196.94</u></div>
<div><u>Huron FOB 0.95 4.70 184.83 0.80 4.77 187.89</u></div>
<div><u>Kent FOB 0.95 4.70 184.83 0.85 4.82 189.85</u></div>
<div><u>Lamb FOB 1.05 4.80 188.77 0.85 4.82 189.85</u></div>
<div><u>Mdsx FOB 0.80 0.80 0.80N/A 4.55 178.93 0.75 4.72 185.92</u></div>
<div><u>FOB SW Que 1.34 5.09 200.19 1.03 5.00 196.94</u></div>
<div><u>Track 1.15 4.90 192.71N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.11N/A 0.93 4.90 193.00</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 1.00 4.97 195.76</u></div>
<div><u>Sarn-Eth 1.00 1.00 1.00N/A 4.75 186.80N/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 4.92 193.79</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 5.07 199.70</u></div>
<div><u>W O Feed 1.36 5.10 200.82</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.51 5.26 206.88</u></div>
<div><u>Toledo El. -0.09 3.65 143.84 -0.26 3.71 146.11</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.52</u></div>
<div><u>HI SD CRN 0.80 4.54 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3052 up 0.0005</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.29 3/4 NOV18 HI 10.27 1/4</u></div>
<div><u> LOW 10.22 1/4 LOW 10.21 1/2</u></div>
<div><u> CLOSE10.28 1/4 Up 5 3/4 CLOSE 10.25 Up 2 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 2.28 12.56 461.592.30 12.55 461.13</u></div>
<div><u>CK High 2.35 12.63 464.162.40 12.65 464.81</u></div>
<div><u>CK Average 2.33 -0.6212.61 463.432.35 -0.6012.60 462.97</u></div>
<div><u>Essex Cty 2.35 12.63 464.162.35 12.60 462.97</u></div>
<div><u>Mdsx Low 2.28 12.56 461.592.35 12.60 462.97</u></div>
<div><u>Mdsx High 2.35 12.63 464.162.40 12.65 464.81</u></div>
<div><u>Mdsx Average 2.32 -0.6312.60 462.882.38 -0.5812.63 463.89</u></div>
<div><u>Hensall 2.33 12.61 463.252.38 12.63 463.89</u></div>
<div><u>Bruce 2.35 12.63 464.162.40 12.65 464.81</u></div>
<div><u>Putnam 2.35 12.63 464.162.40 12.65 464.81</u></div>
<div><u>Burford 2.35 12.63 464.162.42 12.67 465.54</u></div>
<div><u>Port Perry 2.28 12.56 461.592.35 12.60 462.97</u></div>
<div><u>Norfolk 2.30 12.58 462.332.40 12.65 464.81</u></div>
<div><u>Palmerston 2.35 12.63 464.162.35 12.60 462.97</u></div>
<div><u>Varna 2.30 12.58 462.332.35 12.60 462.97</u></div>
<div><u>Trenton 2.35 12.63 464.162.35 12.60 462.97</u></div>
<div><u>Winchester 2.30 12.58 462.332.25 12.50 459.30</u></div>
<div><u>North Gower 2.27 12.55 461.232.36 12.61 463.34</u></div>
<div><u>Huron FOB 2.40 12.68 466.002.45 12.70 466.65</u></div>
<div><u>Kent FOB 2.45 12.73 467.842.35 12.60 462.97</u></div>
<div><u>Lambton FOB 2.30 12.58 462.332.55 12.80 470.32</u></div>
<div><u>Middlesex FOB2.32 2.52 2.60 2.60 12.60 463.062.48 12.73 467.75</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 13.05 479.51</u></div>
<div><u>Prescott 2.63 12.91 474.452.78 13.03 478.77</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 9.97 366.31-0.39 9.86 362.24</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3052 up 0.0005</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY18 HI 4.57 1/2 JUL18 HI 4.74 1/4</u></div>
<div><u> LOW 4.50 LOW 4.66 1/2</u></div>
<div><u> CLOSE 4.53 Up 2 1/4 CLOSE 4.68 3/4 Up 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY18 HI 6.03 3/4 SEP18 HI 6.20 1/4</u></div>
<div><u> LOW 5.92 3/4 LOW 6.11</u></div>
<div><u> CLOSE 5.93 1/4 Down 3 1/4 CLOSE 6.11 1/4 Down 2 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 1.32 1.25 1.06 0.44</u></div>
<div><u>CAD $/bu 5.85 5.78 5.59 6.37</u></div>
<div><u>CAD $/tonne 214.86 212.46 205.26 234.16</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 1.00 1.33 0.87 N/A 1.31 1.05 0.92 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 0.91 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 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 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 1.11 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.14 1.00 0.35 N/A 1.28 1.22 0.38</u></div>
<div><u>W O Feed 1.55</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 1.43 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.58US 5.98CA 4.64US 6.05CA</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 1.30 1.17 1.10 0.43</u></div>
<div><u>CAD $/bu 5.99 5.86 5.79 6.54</u></div>
<div><u>CAD $/tonne 220.01 215.22 212.82 240.39</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 524.38</u></div>
<div><u>DDG's FOB Srn & Aylm 225.00 - 230.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
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</u></p>
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<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>
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