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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 28<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 1.3408 up 0.0047<br>
</u></div>
<div><u>Chicago corn closed narrowly mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAY20 HI 3.69 3/4 DEC20 HI 3.78 1/4<br>
</u></div>
<div><u> LOW 3.65 3/4 LOW 3.75<br>
</u></div>
<div><u> CLOSE3.68 1/4 Up 1/4 CLOSE 3.77 Down 1/2<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+JUL20+JUL20<br>
</u></div>
<div><u>CK Low 1.38 5.06 199.30 0.90 4.67 183.85<br>
</u></div>
<div><u>CK High 1.40 5.08 200.09 0.90 4.67 183.85<br>
</u></div>
<div><u>CK Avg 1.40 0.11 5.08 199.96 0.90 -0.29 4.67 183.85<br>
</u></div>
<div><u>Essex Cty 1.40 5.08 200.09 0.90 4.67 183.85<br>
</u></div>
<div><u>Mdsx Low 1.40 5.08 200.09 0.90 4.67 183.85<br>
</u></div>
<div><u>Mdsx High 1.40 5.08 200.09 0.90 4.67 183.85<br>
</u></div>
<div><u>Mdsx Avg 1.40 0.11 5.08 200.09 0.90 -0.29 4.67 183.85<br>
</u></div>
<div><u>Hensall 1.43 5.11 201.07 0.93 4.70 184.83<br>
</u></div>
<div><u>Bruce 1.40 5.08 200.09 0.90 4.67 183.85<br>
</u></div>
<div><u>Putnam 1.40 5.08 200.09 0.90 4.67 183.85<br>
</u></div>
<div><u>Burford 1.40 5.08 200.09 0.90 4.67 183.85<br>
</u></div>
<div><u>Port Perry 1.40 5.08 200.09 0.95 4.72 185.82<br>
</u></div>
<div><u>Norfolk 1.40 5.08 200.09 0.90 4.67 183.85<br>
</u></div>
<div><u>Palmerston 1.40 5.08 200.09 0.96 4.73 186.21<br>
</u></div>
<div><u>Varna 1.40 5.08 200.09 0.90 4.67 183.85<br>
</u></div>
<div><u>Trenton 1.45 5.13 202.06 1.00 4.77 187.79<br>
</u></div>
<div><u>Winchester 1.37 5.05 198.91 1.36 5.13 201.96<br>
</u></div>
<div><u>North Gower 1.48 5.16 203.24 1.42 5.19 204.32<br>
</u></div>
<div><u>Huron FOB 1.58 5.26 207.18 0.97 4.74 186.61<br>
</u></div>
<div><u>Kent FOB 1.65 5.33 209.93 1.00 4.77 187.79<br>
</u></div>
<div><u>Lamb FOB 1.65 5.33 209.93 1.03 4.80 188.97<br>
</u></div>
<div><u>Mdsx FOB 1.60 1.60N/A N/A 5.28 207.96 1.00 4.77 187.79<br>
</u></div>
<div><u>FOB SW Que 2.31 5.99 235.91N/A<br>
</u></div>
<div><u>Track 1.88 5.56 218.79N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.24 5.01 197.23<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.43 5.20 204.71<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Sarn-Eth 1.75 1.75 1.75N/A 5.43 213.87N/A<br>
</u></div>
<div><u>London-Ing N/A N/A 1.95 2.00 1.30 5.07 199.60<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 5.17 203.53<br>
</u></div>
<div><u>W O Feed 1.96 5.64 222.14<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.27 5.95 234.34<br>
</u></div>
<div><u>Toledo El. 0.27 3.95 155.53 -0.27 3.50 137.86<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.28 207.96 1.15 4.92 193.69<br>
</u></div>
<div><u>Prescott 2.00 5.68 223.71 1.50 5.27207 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 5.08 1/4<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 1.3408 up 0.0047<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAY20 HI 8.95 1/2 NOV20 HI 9.13 1/4<br>
</u></div>
<div><u> LOW 8.79 3/4 LOW 9.00 1/4<br>
</u></div>
<div><u> CLOSE8.92 3/4 Down 2 1/4 CLOSE 9.08 1/4 Down 5 1/4<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+JUL20<br>
</u></div>
<div><u>CK Low 2.41 11.34 416.582.25 11.33 416.40<br>
</u></div>
<div><u>CK High 2.60 11.53 423.562.40 11.48 421.91<br>
</u></div>
<div><u>CK Average 2.53 -0.3811.46 420.992.35 -0.5611.43 420.07<br>
</u></div>
<div><u>Essex Cty 2.55 11.48 421.732.40 11.48 421.91<br>
</u></div>
<div><u>Mdsx Low 2.53 11.46 420.992.38 11.46 421.17<br>
</u></div>
<div><u>Mdsx High 2.60 11.53 423.562.40 11.48 421.91<br>
</u></div>
<div><u>Mdsx Average 2.57 -0.3611.49 422.282.39 -0.5311.47 421.54<br>
</u></div>
<div><u>Hensall 2.60 11.53 423.562.40 11.48 421.91<br>
</u></div>
<div><u>Bruce 2.50 11.43 419.892.25 11.33 416.40<br>
</u></div>
<div><u>Putnam 2.60 11.53 423.562.40 11.48 421.91<br>
</u></div>
<div><u>Burford 2.60 11.53 423.562.45 11.53 423.75<br>
</u></div>
<div><u>Port Perry 2.52 11.45 420.622.37 11.45 420.81<br>
</u></div>
<div><u>Norfolk 2.55 11.48 421.732.40 11.48 421.91<br>
</u></div>
<div><u>Palmerston 2.54 11.47 421.362.39 11.47 421.54<br>
</u></div>
<div><u>Varna 2.60 11.53 423.562.40 11.48 421.91<br>
</u></div>
<div><u>Trenton 2.45 11.38 418.052.30 11.38 418.24<br>
</u></div>
<div><u>Winchester 2.31 11.24 412.912.30 11.38 418.24<br>
</u></div>
<div><u>North Gower 2.48 11.41 419.152.36 11.44 420.44<br>
</u></div>
<div><u>Huron FOB 2.75 11.68 429.072.50 11.58 425.58<br>
</u></div>
<div><u>Kent FOB 2.75 11.68 429.072.40 11.48 421.91<br>
</u></div>
<div><u>Lambton FOB 2.80 11.73 430.912.55 11.63 427.42<br>
</u></div>
<div><u>Middlesex FOB2.86 2.85 N/A N/A 11.79 433.122.50 11.58 425.58<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.15 12.08 443.772.63 11.71 430.36<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.10 12.03 441.932.90 11.98 440.28<br>
</u></div>
<div><u>Prescott N/A 2.45 11.53 423.75<br>
</u></div>
<div><u>Port Colborne3.06 11.99 440.472.91 11.99 440.65<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.04 8.97 329.51-0.40 8.68 318.95<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3408 up 0.0047<br>
</u></div>
<div><u>Chicago wheat closed slightly lower.<br>
</u></div>
<div><u>MAY20 HI 5.26 1/2 JUL20 HI 5.27<br>
</u></div>
<div><u> LOW 5.12 1/2 LOW 5.14<br>
</u></div>
<div><u> CLOSE 5.25 Down 2 1/2 CLOSE 5.26 1/4 Down 2 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>MAY20 HI 5.29 1/4 SEP20 HI 5.47 1/2<br>
</u></div>
<div><u> LOW 5.15 1/2 LOW 5.34 3/4<br>
</u></div>
<div><u> CLOSE 5.27 1/2 Up 3 1/2 CLOSE 5.46 1/4 Up 3 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 2.06 2.26 2.06 1.40<br>
</u></div>
<div><u>CAD $/bu 7.31 7.51 7.31 6.67<br>
</u></div>
<div><u>CAD $/tonne 268.49 275.88 268.49 245.09<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 1.94 2.20 1.80 N/A 1.47 1.74 1.27 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 1.85 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 1.85 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 1.85 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 2.39 1.92 1.67 N/A 1.69 1.29 1.26<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 1.86 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 2.02 1.87 0.95 N/A 1.82 1.57 0.95<br>
</u></div>
<div><u>W O Feed 2.46<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.27 N/A N/A N/A 1.67 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.12 N/A N/A N/A 1.93 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.40US 7.24CA 5.36US 7.19CA<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 1.59 1.86 1.59 1.12<br>
</u></div>
<div><u>CAD $/bu 6.85 7.12 6.85 6.59<br>
</u></div>
<div><u>CAD $/tonne 251.86 261.72 251.86 242.01<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 469.15<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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<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
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<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span></span></p>
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