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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 26<br>
</u></span></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.3319 up 0.0049<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.74 DEC20 HI 3.84 1/4<br>
</u></div>
<div><u> LOW 3.68 1/4 LOW 3.81<br>
</u></div>
<div><u> CLOSE3.70 1/2 Down 2 CLOSE 3.81 1/2 Down 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS<br>
</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +MAY20+MAY20+JUL20<br>
</u></div>
<div><u>CK Low 1.40 5.11 200.97 0.90 4.72 185.62<br>
</u></div>
<div><u>CK High 1.40 5.11 200.97 0.90 4.72 185.62<br>
</u></div>
<div><u>CK Avg 1.40 0.13 5.11 200.97 0.90 -0.28 4.72 185.62<br>
</u></div>
<div><u>Essex Cty 1.40 5.11 200.97 0.90 4.72 185.62<br>
</u></div>
<div><u>Mdsx Low 1.40 5.11 200.97 0.90 4.72 185.62<br>
</u></div>
<div><u>Mdsx High 1.40 5.11 200.97 0.90 4.72 185.62<br>
</u></div>
<div><u>Mdsx Avg 1.40 0.13 5.11 200.97 0.90 -0.28 4.72 185.62<br>
</u></div>
<div><u>Hensall 1.43 5.13 201.96 0.93 4.74 186.61<br>
</u></div>
<div><u>Bruce 1.40 5.11 200.97 0.90 4.72 185.62<br>
</u></div>
<div><u>Putnam 1.40 5.11 200.97 0.90 4.72 185.62<br>
</u></div>
<div><u>Burford 1.40 5.11 200.97 0.90 4.72 185.62<br>
</u></div>
<div><u>Port Perry 1.40 5.11 200.97 0.95 4.77 187.59<br>
</u></div>
<div><u>Norfolk 1.40 5.11 200.97 0.90 4.72 185.62<br>
</u></div>
<div><u>Palmerston 1.39 5.10 200.58 0.94 4.76 187.20<br>
</u></div>
<div><u>Varna 1.40 5.11 200.97 0.90 4.72 185.62<br>
</u></div>
<div><u>Trenton 1.45 5.16 202.94 1.00 4.82 189.56<br>
</u></div>
<div><u>Winchester 1.45 5.16 202.94 1.40 5.22 205.31<br>
</u></div>
<div><u>North Gower 1.47 5.18 203.73 1.40 5.22 205.31<br>
</u></div>
<div><u>Huron FOB 1.58 5.29 208.06 0.97 4.79 188.38<br>
</u></div>
<div><u>Kent FOB 1.65 5.36 210.82 1.00 4.82 189.56<br>
</u></div>
<div><u>Lamb FOB 1.62 5.33 209.64 1.00 4.82 189.56<br>
</u></div>
<div><u>Mdsx FOB 1.65 1.65 1.65N/A 5.36 210.82 1.00 4.82 189.56<br>
</u></div>
<div><u>FOB SW Que 2.24 5.95 234.04N/A<br>
</u></div>
<div><u>Track 1.84 5.54 218.10N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.20 5.02 197.43<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.39 5.21 204.91<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Sarn-Eth N/A 1.75 1.75 1.75 N/A<br>
</u></div>
<div><u>London-Ing N/A N/A 1.95 1.95 1.30 5.12 201.37<br>
</u></div>
<div><u>Pt.Colb-Ing N/A N/A 1.45N/A N/A<br>
</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.40 5.22 205.31<br>
</u></div>
<div><u>W O Feed 1.93 5.64 221.84<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.23 5.94 233.65<br>
</u></div>
<div><u>Toledo El. 0.31 4.01 157.92 -0.27 3.55 139.70<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.31 208.85 1.15 4.97 195.46<br>
</u></div>
<div><u>Prescott 2.00 5.71 224.60 1.50 5.32209 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 5.10 1/2<br>
</u></div>
<div><u>*Wet Bid<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3319 up 0.0049<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 8.88 1/4 NOV20 HI 9.19 1/4<br>
</u></div>
<div><u> LOW 8.75 1/2 LOW 9.08 1/4<br>
</u></div>
<div><u> CLOSE8.81 Up 2 CLOSE 9.13 Up 2 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP<br>
</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +MAR2+MAY2+MAY20<br>
</u></div>
<div><u>CK Low 2.48 11.29 414.842.25 11.38 418.14<br>
</u></div>
<div><u>CK High 2.50 11.31 415.572.28 11.41 419.25<br>
</u></div>
<div><u>CK Average 2.50 -0.3211.31 415.452.26 -0.5811.39 418.33<br>
</u></div>
<div><u>Essex Cty 2.50 11.31 415.572.25 11.38 418.14<br>
</u></div>
<div><u>Mdsx Low 2.49 11.30 415.202.25 11.38 418.14<br>
</u></div>
<div><u>Mdsx High 2.50 11.31 415.572.26 11.39 418.51<br>
</u></div>
<div><u>Mdsx Average 2.50 -0.3211.31 415.392.26 -0.5811.39 418.33<br>
</u></div>
<div><u>Hensall 2.53 11.34 416.672.25 11.38 418.14<br>
</u></div>
<div><u>Bruce 2.50 11.31 415.572.25 11.38 418.14<br>
</u></div>
<div><u>Putnam 2.50 11.31 415.572.25 11.38 418.14<br>
</u></div>
<div><u>Burford 2.56 11.37 417.782.33 11.46 421.08<br>
</u></div>
<div><u>Port Perry 2.48 11.29 414.842.25 11.38 418.14<br>
</u></div>
<div><u>Norfolk 2.50 11.31 415.572.25 11.38 418.14<br>
</u></div>
<div><u>Palmerston 2.53 11.34 416.672.38 11.51 422.92<br>
</u></div>
<div><u>Varna 2.56 11.37 417.782.25 11.38 418.14<br>
</u></div>
<div><u>Trenton 2.50 11.31 415.572.25 11.38 418.14<br>
</u></div>
<div><u>Winchester 2.50 11.31 415.572.30 11.43 419.98<br>
</u></div>
<div><u>North Gower 2.45 11.26 413.732.33 11.46 421.08<br>
</u></div>
<div><u>Huron FOB 2.71 11.52 423.292.35 11.48 421.82<br>
</u></div>
<div><u>Kent FOB 2.65 11.46 421.082.25 11.38 418.14<br>
</u></div>
<div><u>Lambton FOB 2.70 11.51 422.922.45 11.58 425.49<br>
</u></div>
<div><u>Middlesex FOB2.69 2.69 2.58 N/A 11.50 422.552.38 11.51 422.92<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.06 11.87 436.152.56 11.69 429.53<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.05 11.86 435.782.70 11.83 434.68<br>
</u></div>
<div><u>Prescott N/A 2.45 11.58 425.49<br>
</u></div>
<div><u>Port Colborne2.90 11.71 430.272.79 11.92 437.99<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.13 8.94 328.61-0.40 8.73 320.79<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3319 up 0.0049<br>
</u></div>
<div><u>Chicago wheat closed narrowly mixed.<br>
</u></div>
<div><u>MAR20 HI 5.42 3/4 JUL20 HI 5.40<br>
</u></div>
<div><u> LOW 5.34 3/4 LOW 5.33 1/2<br>
</u></div>
<div><u> CLOSE 5.40 1/4 Up 1 1/4 CLOSE 5.35 1/2 Down 1 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.<br>
</u></div>
<div><u>MAR20 HI 5.18 3/4 SEP20 HI 5.52<br>
</u></div>
<div><u> LOW 5.13 1/4 LOW 5.46 1/2<br>
</u></div>
<div><u> CLOSE 5.15 1/4 Down 3/4 CLOSE 5.49 1/4 Up 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 2.06 2.26 2.06 1.31<br>
</u></div>
<div><u>CAD $/bu 7.46 7.66 7.46 6.46<br>
</u></div>
<div><u>CAD $/tonne 274.18 281.52 274.18 237.48<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2019 Harvest 2020<br>
</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS<br>
</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</u></div>
<div><u>ELEVATORS<br>
</u></div>
<div><u>Brgssvll N/A N/A N/A N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>London 1.90 2.16 1.83 N/A 1.43 1.69 1.23 N/A<br>
</u></div>
<div><u>Hensall 1.86 N/A 1.86 N/A 1.50 N/A 1.30 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Bruce 1.90 2.10 1.90 1.85 1.45 1.65 1.25 1.25<br>
</u></div>
<div><u>Essex N/A N/A 1.85 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Norwich 1.86 N/A 1.86 N/A 1.50 N/A 1.30 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.80 N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Kent Bridge 1.86 N/A 1.86 N/A 1.50 N/A 1.30 N/A<br>
</u></div>
<div><u>Chatham N/A N/A 1.85 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.85 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Palmerston N/A 2.33 1.86 1.78 N/A 1.66 1.26 1.23<br>
</u></div>
<div><u>Varna 1.91 2.06 1.81 N/A 1.45 1.65 1.25 N/A<br>
</u></div>
<div><u>Mitchell 1.86 2.11 1.86 N/A 1.50 1.65 1.30 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 2.09 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.98 1.83 1.01 N/A 1.81 1.56 0.95<br>
</u></div>
<div><u>W O Feed 2.43<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.23 N/A N/A N/A 1.63 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.07 N/A N/A N/A 1.91 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.55US 7.40CA 5.46US 7.27CA<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 1.58 1.84 1.58 1.09<br>
</u></div>
<div><u>CAD $/bu 6.93 7.20 6.93 6.58<br>
</u></div>
<div><u>CAD $/tonne 254.76 264.55 254.76 241.92<br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures<br>
</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange<br>
</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS<br>
</u></div>
<div><u>FOB Hm Soymeal 443.47<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 235.00</u><br>
</div>
<span></span><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:10.0pt;font-family:"Courier New"">Blair Andrews</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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