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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, March 25</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3383 down 0.0002</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY19 HI 3.80 3/4 DEC19 HI 4.02 1/2</u></div>
<div><u> LOW 3.76 3/4 LOW 3.99</u></div>
<div><u> CLOSE3.79 3/4 Up 1 1/2 CLOSE 4.01 3/4 Up 1 3/4</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+JUL19+JUL19</u></div>
<div><u>CK Low 0.95 4.75 186.90 0.90 4.92 193.59</u></div>
<div><u>CK High 1.00 4.80 188.87 0.90 4.92 193.59</u></div>
<div><u>CK Avg 0.98 -0.23 4.78 188.21 0.90 -0.34 4.92 193.59</u></div>
<div><u>Essex Cty 1.00 4.80 188.87 0.90 4.92 193.59</u></div>
<div><u>Mdsx Low 0.95 4.75 186.90 0.85 4.87 191.63</u></div>
<div><u>Mdsx High 1.00 4.80 188.87 0.90 4.92 193.59</u></div>
<div><u>Mdsx Avg 0.98 -0.23 4.77 187.89 0.88 -0.36 4.89 192.61</u></div>
<div><u>Hensall 0.98 4.77 187.89 0.90 4.92 193.59</u></div>
<div><u>Bruce 0.95 4.75 186.90 0.85 4.87 191.63</u></div>
<div><u>Putnam 1.00 4.80 188.87 0.90 4.92 193.59</u></div>
<div><u>Burford 0.95 4.75 186.90 0.85 4.87 191.63</u></div>
<div><u>Port Perry 0.90 4.70 184.93 0.85 4.87 191.63</u></div>
<div><u>Norfolk 1.00 4.80 188.87 0.90 4.92 193.59</u></div>
<div><u>Palmerston 0.95 4.75 186.90 0.85 4.87 191.63</u></div>
<div><u>Varna 0.95 4.75 186.90 0.85 4.87 191.63</u></div>
<div><u>Trenton 0.95 4.75 186.90 0.85 4.87 191.63</u></div>
<div><u>Winchester 1.05 4.85 190.84 1.15 5.17 203.44</u></div>
<div><u>North Gower 1.05 4.85 190.84 1.13 5.15 202.65</u></div>
<div><u>Huron FOB 1.25 5.05 198.71 0.90 4.92 193.59</u></div>
<div><u>Kent FOB 1.30 5.10 200.68 0.95 4.97 195.56</u></div>
<div><u>Lamb FOB 1.32 5.12 201.47 1.00 5.02 197.53</u></div>
<div><u>Mdsx FOB 1.25N/A N/A N/A 5.05 198.71 0.90 4.92 193.59</u></div>
<div><u>FOB SW Que 1.77 5.57 219.18 1.26 5.28 207.77</u></div>
<div><u>Track 1.43 5.22 205.60N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.18 5.20 204.62</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.31 5.33 209.73</u></div>
<div><u>Aylmer-Eth N/A 1.55 1.60 1.60 1.15 5.17 203.44</u></div>
<div><u>Sarn-Eth N/A N/A 1.40 1.40 N/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 1.15 5.17 203.44</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 5.32 209.34</u></div>
<div><u>W O Feed 1.61 5.41 212.96</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.87 5.67 223.12</u></div>
<div><u>Toledo El. -0.11 3.69 145.29 -0.27 3.75 147.62</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 5.17203 3/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.97 1/2 4.77 1/4</u></div>
<div><u>HI SD CRN 1.00 4.79 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 1.3383 down 0.0002</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY19 HI 9.08 1/4 NOV19 HI 9.41</u></div>
<div><u> LOW 9.01 1/2 LOW 9.35</u></div>
<div><u> CLOSE9.06 1/2 Up 2 3/4 CLOSE 9.39 3/4 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+JUL19</u></div>
<div><u>CK Low 2.15 11.22 412.082.22 11.62 426.87</u></div>
<div><u>CK High 2.23 11.30 415.022.30 11.70 429.81</u></div>
<div><u>CK Average 2.20 -0.6511.26 413.802.26 -0.6911.66 428.40</u></div>
<div><u>Essex Cty 2.25 11.32 415.762.25 11.65 427.97</u></div>
<div><u>Mdsx Low 2.20 11.27 413.922.25 11.65 427.97</u></div>
<div><u>Mdsx High 2.27 11.34 416.492.26 11.66 428.34</u></div>
<div><u>Mdsx Average 2.24 -0.6211.30 415.202.26 -0.6911.65 428.16</u></div>
<div><u>Hensall 2.20 11.27 413.922.25 11.65 427.97</u></div>
<div><u>Bruce 2.20 11.27 413.922.25 11.65 427.97</u></div>
<div><u>Putnam 2.20 11.27 413.922.25 11.65 427.97</u></div>
<div><u>Burford 2.27 11.34 416.492.26 11.66 428.34</u></div>
<div><u>Port Perry 2.23 11.30 415.022.22 11.62 426.87</u></div>
<div><u>Norfolk 2.20 11.27 413.922.25 11.65 427.97</u></div>
<div><u>Palmerston 2.15 11.22 412.082.35 11.75 431.65</u></div>
<div><u>Varna 2.20 11.27 413.922.25 11.65 427.97</u></div>
<div><u>Trenton 2.15 11.22 412.082.25 11.65 427.97</u></div>
<div><u>Winchester 2.15 11.22 412.082.40 11.80 433.48</u></div>
<div><u>North Gower 2.07 11.14 409.142.39 11.79 433.12</u></div>
<div><u>Huron FOB 2.35 11.42 419.432.35 11.75 431.65</u></div>
<div><u>Kent FOB 2.40 11.47 421.272.25 11.65 427.97</u></div>
<div><u>Lambton FOB 2.50 11.57 424.942.45 11.85 435.32</u></div>
<div><u>Middlesex FOB2.34 2.43 2.51 2.52 11.41 419.062.39 11.79 433.12</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.83 11.90 437.072.67 12.07 443.40</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.65 11.72 430.452.70 12.10 444.51</u></div>
<div><u>Prescott N/A 2.65 12.05 442.67</u></div>
<div><u>Port Colborne N/A 2.73 12.13 445.61</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.56 8.50 312.43-0.67 8.73 320.71</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3383 down 0.0002</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY19 HI 4.71 3/4 JUL19 HI 4.76 3/4</u></div>
<div><u> LOW 4.63 LOW 4.68 1/2</u></div>
<div><u> CLOSE 4.69 1/2 Up 3 1/2 CLOSE 4.75 Up 4 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAY19 HI 5.74 SEP19 HI 5.75</u></div>
<div><u> LOW 5.69 1/4 LOW 5.71 1/2</u></div>
<div><u> CLOSE 5.73 1/4 Up 1 CLOSE 5.74 Down 3/4</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 1.59 1.66 1.45 1.00</u></div>
<div><u>CAD $/bu 6.28 6.35 6.15 6.74</u></div>
<div><u>CAD $/tonne 230.88 233.34 225.96 247.47</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 1.20 N/A</u></div>
<div><u>London 1.37 1.71 1.24 N/A 1.44 1.64 1.24 N/A</u></div>
<div><u>Hensall 1.35 N/A 1.20 N/A 1.45 N/A 1.20 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 1.70 1.20 N/A 1.40 1.60 1.20 1.00</u></div>
<div><u>Essex N/A N/A 1.20 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Norwich 1.35 N/A 1.20 N/A 1.45 N/A 1.20 N/A</u></div>
<div><u>Port Hope N/A N/A 1.25 N/A N/A 1.45 1.25 N/A</u></div>
<div><u>Kent Bridge 1.35 N/A 1.20 N/A 1.45 N/A 1.20 N/A</u></div>
<div><u>Chatham N/A N/A 1.20 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Brigden N/A N/A 1.20 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Palmerston N/A 1.65 1.10 1.10 N/A 1.54 1.19 1.00</u></div>
<div><u>Varna 1.40 1.70 1.20 N/A 1.40 1.60 1.20 N/A</u></div>
<div><u>Mitchell 1.35 1.40 1.20 N/A 1.45 1.55 1.20 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.75 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.45 1.41 0.80 N/A 1.89 1.54 0.82</u></div>
<div><u>W O Feed 1.70</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.79 1.99 1.59 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.79 N/A N/A N/A 1.74 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.65US 6.22CA 4.60US 6.16CA</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 1.67 2.01 1.54 1.07</u></div>
<div><u>CAD $/bu 6.42 6.76 6.29 6.81</u></div>
<div><u>CAD $/tonne 236.04 248.33 231.12 250.30</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 474.11</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00</u></div>
<div><u><br>
</u></div>
<u>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD"><o:p> </o:p></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="LPlnk37464" class="OWAAutoLink" 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="LPlnk812690" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1530</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;
line-height:115%;font-family:"Courier New";color:#333333"><br>
<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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background:#FDFDFD"> to
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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