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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 23</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2597 down 0.0003</u></div>
<div><u>Chicago corn closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.59 1/2 DEC21 HI 4.74 1/4</u></div>
<div><u> LOW 5.50 LOW 4.68 1/4</u></div>
<div><u> CLOSE5.53 3/4 Up 2 3/4 CLOSE 4.69 3/4 Unchanged</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAY21+MAY21+JUL21</u></div>
<div><u>CK Low 1.45 6.99 275.09 0.95 5.65 222.33</u></div>
<div><u>CK High 1.45 6.99 275.09 0.95 5.65 222.33</u></div>
<div><u>CK Avg 1.45 0.01 6.99 275.09 0.95 -0.22 5.65 222.33</u></div>
<div><u>Essex Cty 1.45 6.99 275.09 0.95 5.65 222.33</u></div>
<div><u>Mdsx Low 1.45 6.99 275.09 0.95 5.65 222.33</u></div>
<div><u>Mdsx High 1.45 6.99 275.09 0.95 5.65 222.33</u></div>
<div><u>Mdsx Avg 1.45 0.01 6.99 275.09 0.95 -0.22 5.65 222.33</u></div>
<div><u>Hensall 1.47 7.00 275.74 0.97 5.66 222.99</u></div>
<div><u>Bruce 1.45 6.99 275.09 0.95 5.65 222.33</u></div>
<div><u>Putnam 1.45 6.99 275.09 0.95 5.65 222.33</u></div>
<div><u>Burford 1.45 6.99 275.09 0.95 5.65 222.33</u></div>
<div><u>Port Perry 1.50 7.04 277.05 0.95 5.65 222.33</u></div>
<div><u>Norfolk 1.45 6.99 275.09 0.95 5.65 222.33</u></div>
<div><u>Palmerston 1.44 6.98 274.69 0.97 5.67 223.12</u></div>
<div><u>Varna 1.45 6.99 275.09 0.95 5.65 222.33</u></div>
<div><u>Trenton 1.50 7.04 277.05 0.95 5.65 222.33</u></div>
<div><u>Winchester 1.50 7.04 277.05 1.40 6.10 240.05</u></div>
<div><u>North Gower 1.52 7.06 277.84 1.37 6.07 238.87</u></div>
<div><u>Vankleek Hil 1.60 7.14 280.99 1.11 5.81 228.63</u></div>
<div><u>Huron FOB 1.51 1.60 1.64 1.75 7.05 277.45 0.94 5.64 221.94</u></div>
<div><u>Kent FOB 1.60 7.14 280.99 1.05 5.75 226.27</u></div>
<div><u>Lamb FOB N/A 1.10 5.80 228.24</u></div>
<div><u>Mdsx FOB 1.60 1.60N/A N/A 7.14 280.99 1.05 5.75 226.27</u></div>
<div><u>FOB SW Que 2.17 7.71 303.43N/A</u></div>
<div><u>Track 1.80 7.33 288.67N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.30 6.00 236.11</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.61 6.31 248.32</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.95 1.25 5.95 234.14</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A 2.05 1.35 6.05 238.08</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 2.30 1.60 6.30 247.92</u></div>
<div><u>W O Feed 1.98 7.52 296.03</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.07 7.61 299.49</u></div>
<div><u>Toledo El. -0.09 5.45 214.53 -0.25 4.45 175.01</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.95 7.49 294.77 1.35 6.05 238.08</u></div>
<div><u>Prescott N/A 1.55 6.25 245.95</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 6.98 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2597 down 0.0003</u></div>
<div><u>Chicago soybeans closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 14.25 NOV21 HI 12.31 1/4</u></div>
<div><u> LOW 13.80 3/4 LOW 12.08</u></div>
<div><u> CLOSE14.06 Up 22 1/4 CLOSE 12.22 Up 10 1/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAR21+MAY21+MAY21</u></div>
<div><u>CK Low 3.30 17.36 637.87 2.85 15.07 553.73</u></div>
<div><u>CK High 3.38 17.44 640.81 2.85 15.07 553.73</u></div>
<div><u>CK Average 3.35 -0.24 17.41 639.59 2.85 -0.26 15.07 553.73</u></div>
<div><u>Essex Cty 3.35 17.41 639.71 2.75 14.97 550.05</u></div>
<div><u>Mdsx Low 3.35 17.41 639.71 2.83 15.05 552.99</u></div>
<div><u>Mdsx High 3.36 17.42 640.08 2.85 15.07 553.73</u></div>
<div><u>Mdsx Average3.36 -0.24 17.42 639.89 2.84 -0.27 15.06 553.36</u></div>
<div><u>Hensall 3.35 17.41 639.71 2.85 15.07 553.73</u></div>
<div><u>Bruce 3.35 17.41 639.71 2.85 15.07 553.73</u></div>
<div><u>Putnam 3.35 17.41 639.71 2.85 15.07 553.73</u></div>
<div><u>Burford 3.43 17.49 642.65 2.90 15.12 555.56</u></div>
<div><u>Port Perry 3.35 17.41 639.71 2.82 15.04 552.63</u></div>
<div><u>Norfolk 3.35 17.41 639.71 2.85 15.07 553.73</u></div>
<div><u>Palmerston 3.35 17.41 639.71 2.87 15.09 554.46</u></div>
<div><u>Varna 3.35 17.41 639.71 2.85 15.07 553.73</u></div>
<div><u>Trenton 3.30 17.36 637.87 2.80 15.02 551.89</u></div>
<div><u>Winchester 3.30 17.36 637.87 2.80 15.02 551.89</u></div>
<div><u>North Gower 3.25 17.31 636.03 2.85 15.07 553.73</u></div>
<div><u>Vankleek Hil3.16 17.22 632.73 2.69 14.91 547.85</u></div>
<div><u>Huron FOB 3.68 3.68 3.69 3.69 17.74 651.83 2.92 15.14 556.30</u></div>
<div><u>Kent FOB 3.50 17.56 645.22 2.85 15.07 553.73</u></div>
<div><u>Lambton FOB 3.55 17.61 647.06 3.05 15.27 561.08</u></div>
<div><u>Mdsx FOB 3.49 3.49 N/A N/A 17.55 644.85 2.92 15.14 556.30</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.80 17.86 656.24 2.99 15.21 558.87</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.90 17.96 659.92 3.30 15.52 570.26</u></div>
<div><u>Prescott N/A 3.26 15.48 568.79</u></div>
<div><u>Port Colborn3.77 17.83 655.14 3.33 15.55 571.36</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 13.93 511.99 -0.44 11.78 432.81</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2597 down 0.0003</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>MAR21 HI 6.67 3/4 JUL21 HI 6.59</u></div>
<div><u> LOW 6.56 1/2 LOW 6.49 1/4</u></div>
<div><u> CLOSE 6.65 3/4 Up 1 3/4 CLOSE 6.56 3/4 Down 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR21 HI 6.37 3/4 SEP21 HI 6.64 1/4</u></div>
<div><u> LOW 6.31 3/4 LOW 6.59 1/4</u></div>
<div><u> CLOSE 6.36 Down 1 3/4 CLOSE 6.63 1/4 Down 3/4</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2020 Harvest 2021</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 1.35 N/A N/A N/A 1.05 N/A</u></div>
<div><u>London 1.39 1.33 1.33 N/A 1.25 1.25 1.00 N/A</u></div>
<div><u>Hensall 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Bruce 1.35 1.45 1.35 1.40 1.25 1.30 1.10 1.30</u></div>
<div><u>Essex N/A N/A 1.35 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Norwich 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Kent Bridge 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A</u></div>
<div><u>Chatham N/A N/A 1.35 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.35 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.41 1.35 1.34 N/A 1.23 1.04 1.28</u></div>
<div><u>Varna 1.35 1.40 1.35 N/A 1.25 1.25 1.05 N/A</u></div>
<div><u>Mitchell 1.40 1.50 1.35 N/A 1.30 1.25 1.05 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.19 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.25 1.25 0.95 N/A 1.00 1.00 1.15</u></div>
<div><u>W O Feed 2.00</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.78 N/A N/A N/A 1.35 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.73 N/A N/A N/A 1.71 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.66US 8.39CA 6.52US 8.21CA</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 624.47</u></div>
<div><u>DDG's FOB Srn & Aylm 360.00</u></div>
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</u></div>
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<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<o:p style=""> </o:p></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<o:p> </o:p></span></p>
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