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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 27<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 1.3361 up 0.0042<br>
</u></div>
<div><u>Chicago corn closed slightly to moderately lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAY20 HI 3.74 DEC20 HI 3.81 1/2<br>
</u></div>
<div><u> LOW 3.66 1/4 LOW 3.76 1/4<br>
</u></div>
<div><u> CLOSE3.68 Down 6 1/2 CLOSE 3.77 1/2 Down 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 1.37 5.05 198.81 0.90 4.68 184.05<br>
</u></div>
<div><u>CK High 1.40 5.08 199.99 0.90 4.68 184.05<br>
</u></div>
<div><u>CK Avg 1.40 0.12 5.08 199.79 0.90 -0.28 4.68 184.05<br>
</u></div>
<div><u>Essex Cty 1.40 5.08 199.99 0.90 4.68 184.05<br>
</u></div>
<div><u>Mdsx Low 1.40 5.08 199.99 0.90 4.68 184.05<br>
</u></div>
<div><u>Mdsx High 1.40 5.08 199.99 0.90 4.68 184.05<br>
</u></div>
<div><u>Mdsx Avg 1.40 0.12 5.08 199.99 0.90 -0.28 4.68 184.05<br>
</u></div>
<div><u>Hensall 1.41 5.09 200.38 0.93 4.70 185.03<br>
</u></div>
<div><u>Bruce 1.40 5.08 199.99 0.90 4.68 184.05<br>
</u></div>
<div><u>Putnam 1.40 5.08 199.99 0.90 4.68 184.05<br>
</u></div>
<div><u>Burford 1.40 5.08 199.99 0.90 4.68 184.05<br>
</u></div>
<div><u>Port Perry 1.40 5.08 199.99 0.95 4.73 186.02<br>
</u></div>
<div><u>Norfolk 1.40 5.08 199.99 0.90 4.68 184.05<br>
</u></div>
<div><u>Palmerston 1.35 5.03 198.02 0.94 4.72 185.62<br>
</u></div>
<div><u>Varna 1.40 5.08 199.99 0.90 4.68 184.05<br>
</u></div>
<div><u>Trenton 1.42 5.10 200.78 1.00 4.78 187.98<br>
</u></div>
<div><u>Winchester 1.37 5.05 198.81 1.36 5.14 202.16<br>
</u></div>
<div><u>North Gower 1.45 5.13 201.96 1.40 5.18 203.73<br>
</u></div>
<div><u>Huron FOB 1.58 5.26 207.08 0.97 4.75 186.80<br>
</u></div>
<div><u>Kent FOB 1.65 5.33 209.83 1.00 4.78 187.98<br>
</u></div>
<div><u>Lamb FOB 1.61 5.29 208.26 1.00 4.78 187.98<br>
</u></div>
<div><u>Mdsx FOB 1.60 1.60N/A N/A 5.28 207.86 1.00 4.78 187.98<br>
</u></div>
<div><u>FOB SW Que 2.25 5.93 233.45N/A<br>
</u></div>
<div><u>Track 1.86 5.54 217.90N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.22 5.00 196.64<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.40 5.18 203.73<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 N/A 1.95 1.30 5.08 199.79<br>
</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.40 5.18 203.73<br>
</u></div>
<div><u>W O Feed 1.92 5.60 220.46<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.23 5.91 232.67<br>
</u></div>
<div><u>Toledo El. 0.27 3.95 155.40 -0.27 3.51 138.10<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.28 207.86 1.15 4.93 193.89<br>
</u></div>
<div><u>Prescott 1.95 5.63 221.64 1.50 5.28207 2/3<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 5.08<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 1.3361 up 0.0042<br>
</u></div>
<div><u>Chicago soybeans closed narrowly mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAY20 HI 8.97 NOV20 HI 9.14 1/2<br>
</u></div>
<div><u> LOW 8.78 1/4 LOW 9.02 1/4<br>
</u></div>
<div><u> CLOSE8.95 Up 3 CLOSE 9.13 1/2 Up 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 +MAY2+MAY2+MAY20<br>
</u></div>
<div><u>CK Low 2.41 11.36 417.412.25 11.39 418.33<br>
</u></div>
<div><u>CK High 2.50 11.45 420.722.33 11.47 421.27<br>
</u></div>
<div><u>CK Average 2.48 -0.3911.43 420.102.29 -0.5811.42 419.74<br>
</u></div>
<div><u>Essex Cty 2.50 11.45 420.722.30 11.44 420.16<br>
</u></div>
<div><u>Mdsx Low 2.50 11.45 420.722.30 11.44 420.16<br>
</u></div>
<div><u>Mdsx High 2.50 11.45 420.722.31 11.45 420.53<br>
</u></div>
<div><u>Mdsx Average 2.50 -0.3811.45 420.722.31 -0.5711.44 420.35<br>
</u></div>
<div><u>Hensall 2.48 11.43 419.802.28 11.41 419.25<br>
</u></div>
<div><u>Bruce 2.50 11.45 420.722.25 11.39 418.33<br>
</u></div>
<div><u>Putnam 2.50 11.45 420.722.30 11.44 420.16<br>
</u></div>
<div><u>Burford 2.57 11.52 423.292.38 11.52 423.10<br>
</u></div>
<div><u>Port Perry 2.49 11.44 420.352.30 11.44 420.16<br>
</u></div>
<div><u>Norfolk 2.50 11.45 420.722.30 11.44 420.16<br>
</u></div>
<div><u>Palmerston 2.49 11.44 420.352.38 11.52 423.10<br>
</u></div>
<div><u>Varna 2.50 11.45 420.722.30 11.44 420.16<br>
</u></div>
<div><u>Trenton 2.41 11.36 417.412.25 11.39 418.33<br>
</u></div>
<div><u>Winchester 2.31 11.26 413.732.30 11.44 420.16<br>
</u></div>
<div><u>North Gower 2.40 11.35 417.042.33 11.47 421.27<br>
</u></div>
<div><u>Huron FOB 2.65 11.60 426.232.40 11.54 423.84<br>
</u></div>
<div><u>Kent FOB 2.70 11.65 428.062.30 11.44 420.16<br>
</u></div>
<div><u>Lambton FOB 2.61 11.56 424.762.45 11.59 425.68<br>
</u></div>
<div><u>Middlesex FOB2.67 2.74 2.76 N/A 11.62 426.962.43 11.57 424.94<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.02 11.97 439.822.60 11.74 431.19<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.05 12.00 440.922.80 11.94 438.54<br>
</u></div>
<div><u>Prescott N/A 2.45 11.59 425.68<br>
</u></div>
<div><u>Port Colborne2.94 11.89 436.882.84 11.98 440.01<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.04 8.99 330.33-0.40 8.73 320.93<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3361 up 0.0042<br>
</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>MAY20 HI 5.35 JUL20 HI 5.34 1/2<br>
</u></div>
<div><u> LOW 5.26 1/4 LOW 5.27 1/4<br>
</u></div>
<div><u> CLOSE 5.27 1/2 Down 8 1/4 CLOSE 5.29 Down 6 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.<br>
</u></div>
<div><u>MAY20 HI 5.29 3/4 SEP20 HI 5.47 1/2<br>
</u></div>
<div><u> LOW 5.23 LOW 5.42<br>
</u></div>
<div><u> CLOSE 5.24 Down 6 CLOSE 5.43 Down 6 1/4<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 2.04 2.24 2.04 1.36<br>
</u></div>
<div><u>CAD $/bu 7.32 7.52 7.32 6.60<br>
</u></div>
<div><u>CAD $/tonne 268.78 276.15 268.78 242.52<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 1.93 2.19 1.79 N/A 1.44 1.71 1.24 N/A<br>
</u></div>
<div><u>Hensall 1.90 N/A 1.90 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 1.87 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Norwich 1.90 N/A 1.90 N/A 1.50 N/A 1.30 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.82 N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Kent Bridge 1.90 N/A 1.90 N/A 1.50 N/A 1.30 N/A<br>
</u></div>
<div><u>Chatham N/A N/A 1.87 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.87 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Palmerston N/A 2.33 1.86 1.61 N/A 1.67 1.27 1.22<br>
</u></div>
<div><u>Varna 1.95 2.10 1.85 N/A 1.45 1.65 1.25 N/A<br>
</u></div>
<div><u>Mitchell 1.90 2.15 1.90 N/A 1.50 1.65 1.30 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.91 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 2.02 1.87 0.86 N/A 1.82 1.57 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 2.26 N/A N/A N/A 1.64 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.11 N/A N/A N/A 1.91 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.45US 7.28CA 5.39US 7.20CA<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 6.87 7.13 6.87 6.52<br>
</u></div>
<div><u>CAD $/tonne 252.29 262.10 252.29 239.53<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 466.95<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 235.00<br>
</u></div>
<u><span></span><br>
</u></div>
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<div style="margin-top: 0px; margin-bottom: 0px;">
<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
</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"">Fax. 519-674-1530<br>
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