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<u><span style="background-color: rgb(253, 253, 253); color: rgb(51, 51, 51); font-family: "Courier New", monospace; font-size: 10pt;"><span>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 24<br>
</span></span></u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<u><span style="background-color: rgb(253, 253, 253); color: rgb(51, 51, 51); font-family: "Courier New", monospace; font-size: 10pt;">
<div>(All Bases in CAD)<br>
</div>
<div>Exchange rate was 1.3284 up 0.0073<br>
</div>
<div>Chicago corn closed slightly to moderately lower.<br>
</div>
<div><br>
</div>
<div> MAR20 HI 3.76 1/4 DEC20 HI 3.85 1/4<br>
</div>
<div> LOW 3.70 LOW 3.80 1/2<br>
</div>
<div> CLOSE3.72 1/4 Down 4 3/4 CLOSE 3.82 1/4 Down 3 3/4<br>
</div>
<div><br>
</div>
<div> OLD CROP BASIS NEW CROP BASIS<br>
</div>
<div>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
</div>
<div>ELEVATORS +MAY20+MAY20+JUL20<br>
</div>
<div>CK Low 1.40 5.12 201.66 0.90 4.72 185.92<br>
</div>
<div>CK High 1.40 5.12 201.66 0.90 4.72 185.92<br>
</div>
<div>CK Avg 1.40 0.13 5.12 201.66 0.90 -0.27 4.72 185.92<br>
</div>
<div>Essex Cty 1.40 5.12 201.66 0.90 4.72 185.92<br>
</div>
<div>Mdsx Low 1.40 5.12 201.66 0.90 4.72 185.92<br>
</div>
<div>Mdsx High 1.40 5.12 201.66 0.90 4.72 185.92<br>
</div>
<div>Mdsx Avg 1.40 0.13 5.12 201.66 0.90 -0.27 4.72 185.92<br>
</div>
<div>Hensall 1.43 5.15 202.65 0.93 4.75 186.90<br>
</div>
<div>Bruce 1.40 5.12 201.66 0.90 4.72 185.92<br>
</div>
<div>Putnam 1.40 5.12 201.66 0.90 4.72 185.92<br>
</div>
<div>Burford 1.40 5.12 201.66 0.90 4.72 185.92<br>
</div>
<div>Port Perry 1.40 5.12 201.66 0.95 4.77 187.89<br>
</div>
<div>Norfolk 1.40 5.12 201.66 0.90 4.72 185.92<br>
</div>
<div>Palmerston 1.38 5.10 200.88 0.92 4.74 186.70<br>
</div>
<div>Varna 1.40 5.12 201.66 0.90 4.72 185.92<br>
</div>
<div>Trenton 1.45 5.17 203.63 1.00 4.82 189.85<br>
</div>
<div>Winchester 1.45 5.17 203.63 1.40 5.22 205.60<br>
</div>
<div>North Gower 1.45 5.17 203.63 1.40 5.22 205.60<br>
</div>
<div>Huron FOB 1.58 5.30 208.75 0.97 4.79 188.67<br>
</div>
<div>Kent FOB 1.65 5.37 211.51 1.00 4.82 189.85<br>
</div>
<div>Lamb FOB 1.62 5.34 210.32 1.00 4.82 189.85<br>
</div>
<div>Mdsx FOB 1.65 1.65 1.65N/A 5.37 211.51 1.00 4.82 189.85<br>
</div>
<div>FOB SW Que 2.25 5.97 235.13N/A<br>
</div>
<div>Track 1.79 5.51 217.02N/A<br>
</div>
<div>PROCESSORS<br>
</div>
<div>Chat-Eth N/A N/A N/A N/A 1.20 5.02 197.73<br>
</div>
<div>Jhnstwn-Eth N/A N/A N/A N/A 1.39 5.21 205.21<br>
</div>
<div>Aylmer-Eth N/A N/A N/A N/A N/A<br>
</div>
<div>Sarn-Eth N/A 1.75 1.75 1.75 N/A<br>
</div>
<div>London-Ing N/A N/A N/A 1.90 1.30 5.12 201.66<br>
</div>
<div>Pt.Colb-Ing N/A N/A N/A N/A N/A<br>
</div>
<div>Cardnl-Ing N/A N/A N/A N/A 1.40 5.22 205.60<br>
</div>
<div>W O Feed 1.91 5.63 221.74<br>
</div>
<div><br>
</div>
<div>US Rep 2.20 5.92 233.16<br>
</div>
<div>Toledo El. 0.31 4.03 158.58 -0.27 3.56 140.03<br>
</div>
<div><br>
</div>
<div>TRANSFER<br>
</div>
<div>Pt. Colb 1.60 5.32 209.54 1.15 4.97 195.76<br>
</div>
<div>Prescott 2.00 5.72 225.28 1.50 5.32209 1/2<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>HI SD CRN 1.40 5.12 1/4<br>
</div>
<div>*Wet Bid<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>Exchange rate was 1.3284 up 0.0073<br>
</div>
<div>Chicago soybeans closed slightly to moderately lower.<br>
</div>
<div><br>
</div>
<div> MAR20 HI 8.88 1/2 NOV20 HI 9.16<br>
</div>
<div> LOW 8.70 3/4 LOW 9.01 3/4<br>
</div>
<div> CLOSE8.74 1/4 Down 16 1/4 CLOSE 9.05 Down 12 1/2<br>
</div>
<div><br>
</div>
<div> OLD CROP NEW CROP<br>
</div>
<div>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt<br>
</div>
<div>ELEVATORS +MAR2+MAY2+MAY20<br>
</div>
<div>CK Low 2.45 11.19 411.252.25 11.30 415.20<br>
</div>
<div>CK High 2.50 11.24 413.092.30 11.35 417.04<br>
</div>
<div>CK Average 2.49 -0.2911.23 412.542.26 -0.5411.31 415.51<br>
</div>
<div>Essex Cty 2.45 11.19 411.252.30 11.35 417.04<br>
</div>
<div>Mdsx Low 2.47 11.21 411.992.23 11.28 414.47<br>
</div>
<div>Mdsx High 2.50 11.24 413.092.25 11.30 415.20<br>
</div>
<div>Mdsx Average 2.49 -0.2911.23 412.542.24 -0.5511.29 414.84<br>
</div>
<div>Hensall 2.50 11.24 413.092.25 11.30 415.20<br>
</div>
<div>Bruce 2.50 11.24 413.092.25 11.30 415.20<br>
</div>
<div>Putnam 2.50 11.24 413.092.25 11.30 415.20<br>
</div>
<div>Burford 2.54 11.28 414.562.30 11.35 417.04<br>
</div>
<div>Port Perry 2.46 11.20 411.622.22 11.27 414.10<br>
</div>
<div>Norfolk 2.45 11.19 411.252.30 11.35 417.04<br>
</div>
<div>Palmerston 2.48 11.22 412.362.31 11.36 417.41<br>
</div>
<div>Varna 2.50 11.24 413.092.25 11.30 415.20<br>
</div>
<div>Trenton 2.50 11.24 413.092.25 11.30 415.20<br>
</div>
<div>Winchester 2.50 11.24 413.092.30 11.35 417.04<br>
</div>
<div>North Gower 2.42 11.16 410.152.33 11.38 418.14<br>
</div>
<div>Huron FOB 2.65 11.39 418.602.35 11.40 418.88<br>
</div>
<div>Kent FOB 2.60 11.34 416.772.30 11.35 417.04<br>
</div>
<div>Lambton FOB 2.70 11.44 420.442.45 11.50 422.55<br>
</div>
<div>Middlesex FOB2.67 2.67 2.56 N/A 11.41 419.342.35 11.40 418.88<br>
</div>
<div><br>
</div>
<div>PROCESSORS<br>
</div>
<div>Windsor 3.01 11.75 431.832.51 11.56 424.76<br>
</div>
<div><br>
</div>
<div>TRANSFER<br>
</div>
<div>Hamilton 3.00 11.74 431.462.75 11.80 433.58<br>
</div>
<div>Prescott N/A 2.45 11.50 422.55<br>
</div>
<div>Port Colborne2.68 11.42 419.712.76 11.81 433.94<br>
</div>
<div><br>
</div>
<div>Toledo El. 0.13 8.88 326.11-0.40 8.65 317.89<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>Exchange rate was 1.3284 up 0.0073<br>
</div>
<div>Chicago wheat closed moderately lower to lower.<br>
</div>
<div>MAR20 HI 5.50 1/2 JUL20 HI 5.52<br>
</div>
<div> LOW 5.34 LOW 5.34<br>
</div>
<div> CLOSE 5.36 1/4 Down 14 3/4 CLOSE 5.36 3/4 Down 15 1/4<br>
</div>
<div><br>
</div>
<div>Minni wheat closed moderately lower to lower.<br>
</div>
<div>MAR20 HI 5.26 SEP20 HI 5.57 1/4<br>
</div>
<div> LOW 5.13 LOW 5.46 1/4<br>
</div>
<div> CLOSE 5.14 Down 12 CLOSE 5.46 3/4 Down 9 1/2<br>
</div>
<div><br>
</div>
<div>GFO Cash Wheat Prices - DEL Terminal<br>
</div>
<div>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</div>
<div>Basis 2.03 2.23 2.03 1.29<br>
</div>
<div>CAD $/bu 7.39 7.59 7.39 6.43<br>
</div>
<div>CAD $/tonne 271.50 278.82 271.50 236.24<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>Direct MarkHarvest 2019 Harvest 2020<br>
</div>
<div> DELIVERED BASIS DELIVERED BASIS<br>
</div>
<div>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</div>
<div>ELEVATORS<br>
</div>
<div>Brgssvll N/A N/A N/A N/A N/A N/A 1.30 N/A<br>
</div>
<div>London 1.90 2.30 1.84 N/A 1.44 1.70 1.24 N/A<br>
</div>
<div>Hensall 1.90 N/A 1.90 N/A 1.50 N/A 1.30 N/A<br>
</div>
<div>Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A<br>
</div>
<div>Bruce 1.95 2.15 1.95 1.90 1.50 1.70 1.30 1.30<br>
</div>
<div>Essex N/A N/A 1.90 N/A N/A N/A 1.30 N/A<br>
</div>
<div>Norwich 1.90 N/A 1.90 N/A 1.50 N/A 1.30 N/A<br>
</div>
<div>Port Hope N/A N/A 1.80 N/A N/A N/A 1.30 N/A<br>
</div>
<div>Kent Bridge 1.90 N/A 1.90 N/A 1.50 N/A 1.30 N/A<br>
</div>
<div>Chatham N/A N/A 1.90 N/A N/A N/A 1.30 N/A<br>
</div>
<div>Brigden N/A N/A 1.90 N/A N/A N/A 1.30 N/A<br>
</div>
<div>Palmerston N/A 2.30 1.83 1.75 N/A 1.66 1.26 1.19<br>
</div>
<div>Varna 2.00 2.15 1.90 N/A 1.50 1.70 1.30 N/A<br>
</div>
<div>Mitchell 1.90 2.15 1.90 N/A 1.50 1.65 1.30 N/A<br>
</div>
<div>Thornton N/A N/A N/A 2.07 N/A N/A N/A N/A<br>
</div>
<div>North Gower N/A 2.00 1.85 1.00 N/A 1.82 1.57 0.95<br>
</div>
<div>W O Feed 2.40<br>
</div>
<div><br>
</div>
<div>TERMINAL<br>
</div>
<div>Port Colbor N/A N/A 2.23 N/A N/A N/A 1.64 N/A<br>
</div>
<div><br>
</div>
<div>PROCESSORS<br>
</div>
<div>Toledo FM N/A N/A 2.09 N/A N/A N/A 1.89 N/A<br>
</div>
<div><br>
</div>
<div>Toledo El. 5.51US 7.32CA 5.47US 7.26CA<br>
</div>
<div><br>
</div>
<div>GFO Contract Wheat Prices - DEL Terminal<br>
</div>
<div>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</div>
<div>Basis 1.56 1.83 1.56 1.06<br>
</div>
<div>CAD $/bu 6.93 7.20 6.93 6.53<br>
</div>
<div>CAD $/tonne 254.65 264.41 254.65 240.00<br>
</div>
<div><br>
</div>
<div>(C)-Basis over the Chicago Board of Trade futures<br>
</div>
<div>(M)-Basis over the Minneapolis Grain Exchange<br>
</div>
<div><br>
</div>
<div>FEED GRAINS<br>
</div>
<div>FOB Hm Soymeal 436.52<br>
</div>
<div>DDG's FOB Srn & Aylm 230.00 - 235.00<br>
</div>
<div><br>
</div>
<div><br>
</div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews</span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
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<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus</span></p>
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<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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