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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 28</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3145 up 0.0006</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY19 HI 3.74 1/2 DEC19 HI 3.94 1/2</u></div>
<div><u> LOW 3.70 LOW 3.91 1/4</u></div>
<div><u> CLOSE3.70 3/4 Down 3 CLOSE 3.92 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 +MAY19+JUL19+JUL19</u></div>
<div><u>CK Low 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>CK High 0.90 4.61 181.39 0.90 4.82 189.76</u></div>
<div><u>CK Avg 0.86 -0.23 4.57 179.75 0.83 -0.30 4.75 187.13</u></div>
<div><u>Essex Cty 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>Mdsx Low 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>Mdsx High 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>Mdsx Avg 0.85 -0.24 4.56 179.42 0.80 -0.32 4.72 185.82</u></div>
<div><u>Hensall 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>Bruce 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>Putnam 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>Burford 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>Port Perry 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>Norfolk 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>Palmerston 0.85 4.56 179.42 0.85 4.77 187.79</u></div>
<div><u>Varna 0.85 4.56 179.42 0.80 4.72 185.82</u></div>
<div><u>Trenton 0.90 4.61 181.39 0.85 4.77 187.79</u></div>
<div><u>Winchester 1.05 4.76 187.29 1.15 5.07 199.60</u></div>
<div><u>North Gower 1.00 4.71 185.33 1.13 5.05 198.81</u></div>
<div><u>Huron FOB 1.20 4.91 193.20 0.95 4.87 191.72</u></div>
<div><u>Kent FOB 1.15 4.86 191.23 0.85 4.77 187.79</u></div>
<div><u>Lamb FOB 1.30 5.01 197.14 0.90 4.82 189.76</u></div>
<div><u>Mdsx FOB 1.25 1.25 1.30N/A 4.96 195.17 0.90 4.82 189.76</u></div>
<div><u>FOB SW Que 1.75 5.46 214.85 1.10 5.02 197.63</u></div>
<div><u>Track 1.45 5.16 203.04N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.60 1.06 4.98 196.05</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.19 5.11 201.17</u></div>
<div><u>Aylmer-Eth N/A 1.50 1.50 1.52 1.10 5.02 197.63</u></div>
<div><u>Sarn-Eth 1.40N/A N/A N/A 5.11 201.07N/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 N/A 1.20 5.12 201.57</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 1.55 1.30 5.22 205.50</u></div>
<div><u>W O Feed 1.57 5.28 207.77</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.74 5.45 214.46</u></div>
<div><u>Toledo El. -0.13 3.58 140.78 -0.26 3.66 143.99</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 5.07199 3/5</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.58 1/4</u></div>
<div><u>HI SD CRN 0.90 4.60 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 1.3145 up 0.0006</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY19 HI 9.18 1/4 NOV19 HI 9.50 1/2</u></div>
<div><u> LOW 9.09 3/4 LOW 9.43</u></div>
<div><u> CLOSE9.10 1/4 Down 6 1/2 CLOSE 9.43 3/4 Down 5 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+JUL19</u></div>
<div><u>CK Low 2.02 11.12 408.682.06 11.50 422.46</u></div>
<div><u>CK High 2.07 11.17 410.522.25 11.69 429.44</u></div>
<div><u>CK Average 2.05 -0.6211.15 409.722.18 -0.5911.61 426.75</u></div>
<div><u>Essex Cty 2.10 11.20 411.622.15 11.59 425.77</u></div>
<div><u>Mdsx Low 2.05 11.15 409.782.10 11.54 423.93</u></div>
<div><u>Mdsx High 2.06 11.16 410.152.20 11.64 427.60</u></div>
<div><u>Mdsx Average 2.06 -0.6111.16 409.972.15 -0.6111.59 425.77</u></div>
<div><u>Hensall 2.05 11.15 409.782.18 11.61 426.69</u></div>
<div><u>Bruce 2.05 11.15 409.782.15 11.59 425.77</u></div>
<div><u>Putnam 2.05 11.15 409.782.20 11.64 427.60</u></div>
<div><u>Burford 2.06 11.16 410.152.10 11.54 423.93</u></div>
<div><u>Port Perry 2.02 11.12 408.682.06 11.50 422.46</u></div>
<div><u>Norfolk 2.05 11.15 409.782.15 11.59 425.77</u></div>
<div><u>Palmerston 2.05 11.15 409.782.20 11.64 427.60</u></div>
<div><u>Varna 2.05 11.15 409.782.15 11.59 425.77</u></div>
<div><u>Trenton 2.00 11.10 407.952.20 11.64 427.60</u></div>
<div><u>Winchester 1.97 11.07 406.842.15 11.59 425.77</u></div>
<div><u>North Gower 1.95 11.05 406.112.28 11.72 430.54</u></div>
<div><u>Huron FOB 2.15 11.25 413.462.25 11.69 429.44</u></div>
<div><u>Kent FOB 2.25 11.35 417.132.15 11.59 425.77</u></div>
<div><u>Lambton FOB 2.10 11.20 411.622.30 11.74 431.28</u></div>
<div><u>Middlesex FOB2.16 2.29 2.36 2.32 11.26 413.832.34 11.78 432.75</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.56 N/A N/A N/A 11.66 428.522.51 11.95 439.00</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.50 11.60 426.322.55 11.99 440.47</u></div>
<div><u>Prescott N/A 2.60 12.04 442.30</u></div>
<div><u>Port Colborne N/A 2.57 12.01 441.20</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.55 8.55 314.17-0.66 8.78 322.66</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3145 up 0.0006</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAY19 HI 4.68 3/4 JUL19 HI 4.75 1/2</u></div>
<div><u> LOW 4.57 3/4 LOW 4.64 3/4</u></div>
<div><u> CLOSE 4.59 1/2 Down 7 1/4 CLOSE 4.66 1/2 Down 6 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAY19 HI 5.61 3/4 SEP19 HI 5.73</u></div>
<div><u> LOW 5.50 3/4 LOW 5.62</u></div>
<div><u> CLOSE 5.59 1/4 Up 5 1/4 CLOSE 5.68 3/4 Up 2 1/4</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 1.51 1.31 0.84</u></div>
<div><u>CAD $/bu 6.04 6.11 5.91 6.43</u></div>
<div><u>CAD $/tonne 221.94 224.35 217.11 236.30</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 1.15 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 1.28 1.48 1.15 N/A 1.34 1.34 1.15 N/A</u></div>
<div><u>Hensall 1.30 N/A 1.15 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 1.25 1.55 1.15 N/A 1.45 1.45 1.15 1.00</u></div>
<div><u>Essex N/A N/A 1.15 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Norwich 1.30 N/A 1.15 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Port Hope N/A N/A 1.15 N/A N/A 1.30 1.20 N/A</u></div>
<div><u>Kent Bridge 1.30 N/A 1.15 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Chatham N/A N/A 1.15 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 1.55 1.10 1.10 N/A 1.55 1.25 1.00</u></div>
<div><u>Varna 1.25 1.55 1.15 N/A 1.40 1.45 1.15 N/A</u></div>
<div><u>Mitchell 1.30 1.30 1.15 N/A 1.40 1.40 1.15 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.16 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.35 1.20 0.65 N/A 1.50 1.30 0.65</u></div>
<div><u>W O Feed 1.66</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.70 1.70 1.50 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.55 N/A N/A N/A 1.59 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.48US 5.88CA 4.52US 5.93CA</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 1.39 1.46 1.26 0.79</u></div>
<div><u>CAD $/bu 6.06 6.12 5.93 6.48</u></div>
<div><u>CAD $/tonne 222.54 224.95 217.71 238.09</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 462.98</u></div>
<div><u>DDG's FOB Srn & Aylm 180.00</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="LPlnk550264" 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="LPlnk458228" 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>
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