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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 26</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3159 down 0.0026</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.71 1/4 DEC19 HI 3.99 1/2</u></div>
<div><u> LOW 3.65 1/2 LOW 3.95</u></div>
<div><u> CLOSE3.66 1/4 Down 4 1/4 CLOSE 3.96 1/4 Down 2 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 +MAY19+MAY19+JUL19</u></div>
<div><u>CK Low 0.95 4.61 181.59 0.80 4.76 187.49</u></div>
<div><u>CK High 1.10 4.76 187.49 0.90 4.86 191.43</u></div>
<div><u>CK Avg 0.98 -0.13 4.65 182.90 0.83 -0.31 4.80 188.80</u></div>
<div><u>Essex Cty 0.95 4.61 181.59 0.80 4.76 187.49</u></div>
<div><u>Mdsx Low 0.95 4.61 181.59 0.80 4.76 187.49</u></div>
<div><u>Mdsx High 0.95 4.61 181.59 0.80 4.76 187.49</u></div>
<div><u>Mdsx Avg 0.95 -0.16 4.61 181.59 0.80 -0.34 4.76 187.49</u></div>
<div><u>Hensall 0.95 4.61 181.59 0.80 4.76 187.49</u></div>
<div><u>Bruce 0.95 4.61 181.59 0.80 4.76 187.49</u></div>
<div><u>Putnam 0.95 4.61 181.59 0.80 4.76 187.49</u></div>
<div><u>Burford 0.95 4.61 181.59 0.80 4.76 187.49</u></div>
<div><u>Port Perry 0.90 4.56 179.62 0.80 4.76 187.49</u></div>
<div><u>Norfolk 0.95 4.61 181.59 0.80 4.76 187.49</u></div>
<div><u>Palmerston 1.00 4.66 183.55 0.85 4.81 189.46</u></div>
<div><u>Varna 0.95 4.61 181.59 0.80 4.76 187.49</u></div>
<div><u>Trenton 1.00 4.66 183.55 0.85 4.81 189.46</u></div>
<div><u>Winchester 1.10 4.76 187.49 1.15 5.11 201.27</u></div>
<div><u>North Gower 1.10 4.76 187.49 1.13 5.09 200.48</u></div>
<div><u>Huron FOB 1.25 4.91 193.40 0.90 4.86 191.43</u></div>
<div><u>Kent FOB 1.20 4.86 191.43 0.85 4.81 189.46</u></div>
<div><u>Lamb FOB 1.30 4.96 195.36 0.90 4.86 191.43</u></div>
<div><u>Mdsx FOB 1.25 1.25 1.30N/A 4.91 193.40 0.95 4.91 193.40</u></div>
<div><u>FOB SW Que 1.75 5.41 213.08 1.11 5.07 199.70</u></div>
<div><u>Track 1.48 5.14 202.25N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.06 5.02 197.73</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.19 5.15 202.84</u></div>
<div><u>Aylmer-Eth N/A N/A 1.54 1.55 1.10 5.06 199.30</u></div>
<div><u>Sarn-Eth 1.35 1.40N/A N/A 5.01 197.33N/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 N/A 1.55 1.20 5.16 203.24</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 1.30 5.26 207.18</u></div>
<div><u>W O Feed 1.66 5.32 209.38</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.84 5.50 216.62</u></div>
<div><u>Toledo El. -0.07 3.60 141.60 -0.26 3.70 145.66</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 5.11201 1/4</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.02 1/2 4.68 3/4</u></div>
<div><u>HI SD CRN 1.10 4.76 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 1.3159 down 0.0026</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.10 3/4 NOV19 HI 9.54 3/4</u></div>
<div><u> LOW 8.99 LOW 9.44 1/2</u></div>
<div><u> CLOSE9.03 3/4 Down 8 CLOSE 9.48 3/4 Down 6 3/4</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 +MAR1+MAY1+MAY19</u></div>
<div><u>CK Low 2.13 11.17 410.342.17 11.66 428.34</u></div>
<div><u>CK High 2.25 11.29 414.742.25 11.74 431.28</u></div>
<div><u>CK Average 2.18 -0.5111.22 412.112.21 -0.5811.70 429.87</u></div>
<div><u>Essex Cty 2.25 11.29 414.742.20 11.69 429.44</u></div>
<div><u>Mdsx Low 2.15 11.19 411.072.20 11.69 429.44</u></div>
<div><u>Mdsx High 2.23 11.27 414.012.21 11.70 429.81</u></div>
<div><u>Mdsx Average 2.19 -0.5111.23 412.542.21 -0.5811.69 429.63</u></div>
<div><u>Hensall 2.18 11.21 411.992.23 11.71 430.36</u></div>
<div><u>Bruce 2.15 11.19 411.072.20 11.69 429.44</u></div>
<div><u>Putnam 2.15 11.19 411.072.20 11.69 429.44</u></div>
<div><u>Burford 2.23 11.27 414.012.21 11.70 429.81</u></div>
<div><u>Port Perry 2.19 11.23 412.542.17 11.66 428.34</u></div>
<div><u>Norfolk 2.20 11.24 412.912.20 11.69 429.44</u></div>
<div><u>Palmerston 2.15 11.19 411.072.25 11.74 431.28</u></div>
<div><u>Varna 2.20 11.24 412.912.25 11.74 431.28</u></div>
<div><u>Trenton 2.11 11.15 409.602.20 11.69 429.44</u></div>
<div><u>Winchester 2.11 11.15 409.602.20 11.69 429.44</u></div>
<div><u>North Gower 2.08 11.12 408.502.28 11.77 432.38</u></div>
<div><u>Huron FOB 2.30 11.34 416.582.35 11.84 434.95</u></div>
<div><u>Kent FOB 2.45 11.49 422.092.20 11.69 429.44</u></div>
<div><u>Lambton FOB 2.20 11.24 412.912.30 11.79 433.12</u></div>
<div><u>Middlesex FOB2.29 2.29 2.26 2.33 11.33 416.212.26 11.75 431.65</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A N/A N/A N/A 2.54 12.03 441.93</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.55 11.59 425.772.65 12.14 445.98</u></div>
<div><u>Prescott N/A 2.65 12.14 445.98</u></div>
<div><u>Port Colborne N/A 2.61 12.10 444.51</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.46 8.58 315.15-0.66 8.83 324.48</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3159 down 0.0026</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR19 HI 4.68 JUL19 HI 4.81 1/2</u></div>
<div><u> LOW 4.56 1/4 LOW 4.70 3/4</u></div>
<div><u> CLOSE 4.60 1/4 Down 6 1/2 CLOSE 4.75 1/4 Down 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.64 1/4 SEP19 HI 5.68</u></div>
<div><u> LOW 5.57 1/4 LOW 5.63</u></div>
<div><u> CLOSE 5.63 1/2 Up 2 1/2 CLOSE 5.66 1/2 Up 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.45 1.52 1.32 0.86</u></div>
<div><u>CAD $/bu 6.06 6.12 5.92 6.49</u></div>
<div><u>CAD $/tonne 222.53 224.95 217.70 238.61</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2018 Harvest 2019</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 1.20 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 1.28 1.48 1.15 N/A 1.38 1.38 1.18 N/A</u></div>
<div><u>Hensall 1.35 N/A 1.20 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A</u></div>
<div><u>Bruce 1.45 1.55 1.20 N/A 1.45 1.45 1.15 1.00</u></div>
<div><u>Essex N/A N/A 1.25 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Norwich 1.35 N/A 1.20 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Port Hope N/A N/A 1.25 N/A N/A 1.30 1.20 N/A</u></div>
<div><u>Kent Bridge 1.35 N/A 1.20 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Chatham N/A N/A 1.25 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Brigden N/A N/A 1.25 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 1.55 1.05 1.10 N/A 1.60 1.15 1.00</u></div>
<div><u>Varna 1.45 1.55 1.25 N/A 1.45 1.45 1.15 N/A</u></div>
<div><u>Mitchell 1.35 1.35 1.20 N/A 1.40 1.40 1.15 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.14 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.43 1.32 0.57 N/A 1.55 1.35 0.65</u></div>
<div><u>W O Feed 1.78</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.72 1.72 1.53 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.65 N/A N/A N/A 1.62 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.55US 5.99CA 4.60US 6.04CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.42 1.49 1.29 0.79</u></div>
<div><u>CAD $/bu 6.17 6.24 6.04 6.45</u></div>
<div><u>CAD $/tonne 226.89 229.30 222.06 237.14</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 462.10</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00 - 180.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</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="LPlnk944425" class="OWAAutoLink" 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="LPlnk766783" class="OWAAutoLink" 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;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<br>
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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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