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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 25<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 1.4208 down 0.0284<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAY20 HI 3.52 3/4 DEC20 HI 3.69 1/4<br>
</u></div>
<div><u> LOW 3.45 3/4 LOW 3.64 3/4<br>
</u></div>
<div><u> CLOSE3.48 1/2 Up 1 1/4 CLOSE 3.67 1/4 Up 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 1.40 4.89 192.31 0.95 4.62 181.98<br>
</u></div>
<div><u>CK High 1.45 4.94 194.28 0.95 4.62 181.98<br>
</u></div>
<div><u>CK Avg 1.42 -0.03 4.90 192.97 0.95 -0.42 4.62 181.98<br>
</u></div>
<div><u>Essex Cty 1.40 4.89 192.31 0.95 4.62 181.98<br>
</u></div>
<div><u>Mdsx Low 1.40 4.89 192.31 0.95 4.62 181.98<br>
</u></div>
<div><u>Mdsx High 1.40 4.89 192.31 0.95 4.62 181.98<br>
</u></div>
<div><u>Mdsx Avg 1.40 -0.05 4.89 192.31 0.95 -0.42 4.62 181.98<br>
</u></div>
<div><u>Hensall 1.45 4.94 194.28 0.98 4.65 182.96<br>
</u></div>
<div><u>Bruce 1.40 4.89 192.31 0.95 4.62 181.98<br>
</u></div>
<div><u>Putnam 1.40 4.89 192.31 0.95 4.62 181.98<br>
</u></div>
<div><u>Burford 1.40 4.89 192.31 0.95 4.62 181.98<br>
</u></div>
<div><u>Port Perry 1.40 4.89 192.31 1.05 4.72 185.92<br>
</u></div>
<div><u>Norfolk 1.40 4.89 192.31 0.95 4.62 181.98<br>
</u></div>
<div><u>Palmerston 1.39 4.88 191.92 0.91 4.58 180.41<br>
</u></div>
<div><u>Varna 1.45 4.94 194.28 0.95 4.62 181.98<br>
</u></div>
<div><u>Trenton 1.60 5.09 200.19 1.15 4.82 189.85<br>
</u></div>
<div><u>Winchester 1.62 5.11 200.97 1.50 5.17 203.63<br>
</u></div>
<div><u>North Gower 1.55 5.04 198.22 1.45 5.12 201.66<br>
</u></div>
<div><u>Huron FOB 1.42 4.91 193.10 1.00 4.67 183.95<br>
</u></div>
<div><u>Kent FOB 1.52 5.01 197.04 1.05 4.72 185.92<br>
</u></div>
<div><u>Lamb FOB N/A 1.10 4.77 187.89<br>
</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.05 4.72 185.92<br>
</u></div>
<div><u>FOB SW Que 2.41 5.90 232.08N/A<br>
</u></div>
<div><u>Track 1.82 5.31 208.85N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.30 4.97 195.76<br>
</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.35 5.02 197.73<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 1.45 5.12 201.66<br>
</u></div>
<div><u>W O Feed 2.13 5.62 221.13<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.18 5.67 223.02<br>
</u></div>
<div><u>Toledo El. -0.07 3.41 134.40 -0.28 3.39 133.39<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.50 4.99 196.25 1.10 4.77 187.89<br>
</u></div>
<div><u>Prescott 2.20 5.69 223.81 1.50 5.17203 5/8<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 4.93 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 1.4208 down 0.0284<br>
</u></div>
<div><u>Chicago soybeans closed mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAY20 HI 8.97 NOV20 HI 8.85 1/2<br>
</u></div>
<div><u> LOW 8.80 1/2 LOW 8.72 1/2<br>
</u></div>
<div><u> CLOSE8.81 1/2 Down 5 1/4 CLOSE 8.77 1/2 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 +MAY2+MAY2+JUL20<br>
</u></div>
<div><u>CK Low 3.15 11.97 439.642.97 11.75 431.55<br>
</u></div>
<div><u>CK High 3.25 12.07 443.313.15 11.93 438.17<br>
</u></div>
<div><u>CK Average 3.21 -0.3512.03 441.843.09 -0.4311.86 435.84<br>
</u></div>
<div><u>Essex Cty 3.15 11.97 439.643.00 11.78 432.66<br>
</u></div>
<div><u>Mdsx Low 3.14 11.96 439.272.95 11.73 430.82<br>
</u></div>
<div><u>Mdsx High 3.25 12.07 443.313.15 11.93 438.17<br>
</u></div>
<div><u>Mdsx Average 3.20 -0.3612.01 441.293.05 -0.4511.83 434.49<br>
</u></div>
<div><u>Hensall 3.25 12.07 443.313.13 11.90 437.25<br>
</u></div>
<div><u>Bruce 3.00 11.82 434.133.00 11.78 432.66<br>
</u></div>
<div><u>Putnam 3.25 12.07 443.313.15 11.93 438.17<br>
</u></div>
<div><u>Burford 3.21 12.03 441.843.02 11.80 433.39<br>
</u></div>
<div><u>Port Perry 3.13 11.95 438.902.94 11.72 430.45<br>
</u></div>
<div><u>Norfolk 3.15 11.97 439.643.05 11.83 434.49<br>
</u></div>
<div><u>Palmerston 3.03 11.85 435.232.92 11.70 429.72<br>
</u></div>
<div><u>Varna 3.15 11.97 439.643.10 11.88 436.33<br>
</u></div>
<div><u>Trenton 3.25 12.07 443.313.15 11.93 438.17<br>
</u></div>
<div><u>Winchester 3.32 12.14 445.883.15 11.93 438.17<br>
</u></div>
<div><u>North Gower 3.10 11.92 437.802.90 11.68 428.98<br>
</u></div>
<div><u>Huron FOB 3.30 12.12 445.153.10 11.88 436.33<br>
</u></div>
<div><u>Kent FOB 3.20 12.02 441.483.10 11.88 436.33<br>
</u></div>
<div><u>Lambton FOB 3.20 12.02 441.483.20 11.98 440.01<br>
</u></div>
<div><u>Middlesex FOB3.19 3.19 N/A N/A 12.01 441.113.14 11.92 437.80<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.61 12.43 456.543.21 11.99 440.37<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.75 12.57 461.683.55 12.33 452.87<br>
</u></div>
<div><u>Prescott N/A 3.40 12.18 447.35<br>
</u></div>
<div><u>Port Colborne3.45 12.27 450.663.48 12.26 450.29<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.04 8.86 325.46-0.43 8.35 306.76<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.4208 down 0.0284<br>
</u></div>
<div><u>Chicago wheat closed slightly higher to higher.<br>
</u></div>
<div><u>MAY20 HI 5.83 1/4 JUL20 HI 5.71 1/2<br>
</u></div>
<div><u> LOW 5.56 3/4 LOW 5.51 1/4<br>
</u></div>
<div><u> CLOSE 5.80 Up 18 1/2 CLOSE 5.67 3/4 Up 12 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>MAY20 HI 5.41 1/2 SEP20 HI 5.58<br>
</u></div>
<div><u> LOW 5.31 1/2 LOW 5.49 3/4<br>
</u></div>
<div><u> CLOSE 5.37 1/2 Up 2 1/2 CLOSE 5.54 1/2 Up 3 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 2.65 2.87 2.65 1.76<br>
</u></div>
<div><u>CAD $/bu 8.45 8.67 8.45 7.14<br>
</u></div>
<div><u>CAD $/tonne 310.61 318.44 310.61 262.32<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 1.70 N/A<br>
</u></div>
<div><u>London 2.53 2.82 2.32 N/A 2.00 2.28 1.71 N/A<br>
</u></div>
<div><u>Hensall 2.30 N/A 2.30 N/A 1.95 N/A 1.75 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.75 N/A<br>
</u></div>
<div><u>Bruce 2.25 2.65 2.25 2.15 1.95 2.15 1.75 1.50<br>
</u></div>
<div><u>Essex N/A N/A 2.20 N/A N/A N/A 1.70 N/A<br>
</u></div>
<div><u>Norwich 2.30 N/A 2.30 N/A 1.95 N/A 1.75 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 2.30 N/A N/A N/A 1.75 N/A<br>
</u></div>
<div><u>Kent Bridge 2.30 N/A 2.30 N/A 1.95 N/A 1.75 N/A<br>
</u></div>
<div><u>Chatham N/A N/A 2.20 N/A N/A N/A 1.70 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 2.20 N/A N/A N/A 1.70 N/A<br>
</u></div>
<div><u>Palmerston N/A 2.66 2.30 2.06 N/A 2.10 1.67 1.35<br>
</u></div>
<div><u>Varna 2.40 2.70 2.30 N/A 1.95 2.15 1.75 N/A<br>
</u></div>
<div><u>Mitchell 2.30 2.50 2.30 N/A 1.95 2.15 1.75 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 2.91 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 2.50 2.30 1.55 N/A 2.24 2.09 1.45<br>
</u></div>
<div><u>W O Feed 3.07<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.73 N/A N/A N/A 2.15 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.80 N/A N/A N/A 2.53 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.95US 8.45CA 5.78US 8.21CA<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 2.10 2.39 2.10 1.48<br>
</u></div>
<div><u>CAD $/bu 7.78 8.07 7.78 7.03<br>
</u></div>
<div><u>CAD $/tonne 285.95 296.39 285.95 258.15<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 542.02<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 300.00<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>
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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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