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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 25</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2574 up 0.0043</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.60 1/2 DEC21 HI 4.79</u></div>
<div><u> LOW 5.42 1/2 LOW 4.69 1/2</u></div>
<div><u> CLOSE5.54 3/4 Down 4 1/2 CLOSE 4.74 Down 2 3/4</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 1.35 6.90 271.54 0.90 5.64 222.04</u></div>
<div><u>CK High 1.45 7.00 275.48 0.95 5.69 224.01</u></div>
<div><u>CK Avg 1.40 -0.02 6.95 273.51 0.91 -0.25 5.65 222.37</u></div>
<div><u>Essex Cty 1.35 6.90 271.54 0.90 5.64 222.04</u></div>
<div><u>Mdsx Low 1.40 6.95 273.51 0.90 5.64 222.04</u></div>
<div><u>Mdsx High 1.40 6.95 273.51 0.90 5.64 222.04</u></div>
<div><u>Mdsx Avg 1.40 -0.02 6.95 273.51 0.90 -0.25 5.64 222.04</u></div>
<div><u>Hensall 1.42 6.96 274.17 0.93 5.67 223.35</u></div>
<div><u>Bruce 1.45 7.00 275.48 0.95 5.69 224.01</u></div>
<div><u>Putnam 1.40 6.95 273.51 0.90 5.64 222.04</u></div>
<div><u>Burford 1.40 6.95 273.51 0.90 5.64 222.04</u></div>
<div><u>Port Perry 1.45 7.00 275.48 0.95 5.69 224.01</u></div>
<div><u>Norfolk 1.35 6.90 271.54 0.90 5.64 222.04</u></div>
<div><u>Palmerston 1.42 6.97 274.30 0.97 5.71 224.79</u></div>
<div><u>Varna 1.35 6.90 271.54 0.90 5.64 222.04</u></div>
<div><u>Trenton 1.50 7.05 277.45 0.95 5.69 224.01</u></div>
<div><u>Winchester 1.45 7.00 275.48 1.40 6.14 241.72</u></div>
<div><u>North Gower 1.50 7.05 277.45 1.32 6.06 238.57</u></div>
<div><u>Vankleek Hil 1.47 7.02 276.27 1.06 5.80 228.34</u></div>
<div><u>Huron FOB N/A 1.55 1.60 1.76 1.03 5.77 227.15</u></div>
<div><u>Kent FOB 1.50 7.05 277.45 1.00 5.74 225.97</u></div>
<div><u>Lamb FOB N/A 1.15 5.89 231.88</u></div>
<div><u>Mdsx FOB N/A 1.50N/A N/A 1.05 5.79 227.94</u></div>
<div><u>FOB SW Que 2.17 7.72 303.82N/A</u></div>
<div><u>Track 1.71 7.26 285.72N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.25 5.99 235.82</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.50 6.24 245.66</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.95 1.20 5.94 233.85</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 2.00 1.30 6.04 237.78</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 2.20 1.55 6.29 247.63</u></div>
<div><u>W O Feed 1.92 7.47 293.98</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.05 7.60 299.10</u></div>
<div><u>Toledo El. -0.09 5.46 214.93 -0.25 4.49 176.71</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.85 7.40 291.23 1.35 6.09 239.75</u></div>
<div><u>Prescott N/A 1.49 6.23 245.26</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 6.99 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 1.2574 up 0.0043</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 14.45 3/4 NOV21 HI 12.52 3/4</u></div>
<div><u> LOW 13.93 1/2 LOW 12.22 3/4</u></div>
<div><u> CLOSE14.07 1/2 Down 18 1/4 CLOSE 12.30 3/4 Down 7 1/2</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 +MAY21+MAY21+MAY21</u></div>
<div><u>CK Low 3.23 17.31 635.85 2.70 15.01 551.43</u></div>
<div><u>CK High 3.29 17.37 638.05 2.80 15.11 555.11</u></div>
<div><u>CK Average 3.25 -0.30 17.33 636.65 2.73 -0.34 15.04 552.66</u></div>
<div><u>Essex Cty 3.25 17.33 636.58 2.65 14.96 549.59</u></div>
<div><u>Mdsx Low 3.21 17.29 635.12 2.68 14.99 550.70</u></div>
<div><u>Mdsx High 3.25 17.33 636.58 2.70 15.01 551.43</u></div>
<div><u>Mdsx Average3.23 -0.31 17.31 635.85 2.69 -0.38 15.00 551.06</u></div>
<div><u>Hensall 3.28 17.36 637.69 2.77 15.07 553.88</u></div>
<div><u>Bruce 3.34 17.42 639.89 2.85 15.16 556.94</u></div>
<div><u>Putnam 3.25 17.33 636.58 2.70 15.01 551.43</u></div>
<div><u>Burford 3.28 17.36 637.69 2.75 15.06 553.27</u></div>
<div><u>Port Perry 3.20 17.28 634.75 2.67 14.98 550.33</u></div>
<div><u>Norfolk 3.25 17.33 636.58 2.75 15.06 553.27</u></div>
<div><u>Palmerston 3.27 17.35 637.32 2.86 15.17 557.31</u></div>
<div><u>Varna 3.35 17.43 640.26 2.85 15.16 556.94</u></div>
<div><u>Trenton 3.25 17.33 636.58 2.75 15.06 553.27</u></div>
<div><u>Winchester 3.29 17.37 638.05 2.80 15.11 555.11</u></div>
<div><u>North Gower 3.19 17.27 634.38 2.80 15.11 555.11</u></div>
<div><u>Vankleek Hil3.04 17.12 628.87 2.65 14.96 549.59</u></div>
<div><u>Huron FOB N/A 3.54 3.54 3.54 2.84 15.15 556.58</u></div>
<div><u>Kent FOB 3.40 17.48 642.10 2.75 15.06 553.27</u></div>
<div><u>Lambton FOB 3.44 17.52 643.57 2.95 15.26 560.62</u></div>
<div><u>Mdsx FOB 3.34 3.34 N/A N/A 17.42 639.89 2.54 14.85 545.55</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.95 15.26 560.62</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.80 17.88 656.79 3.20 15.51 569.80</u></div>
<div><u>Prescott N/A 3.16 15.47 568.33</u></div>
<div><u>Port Colborn3.56 17.64 647.98 2.86 15.17 557.31</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 14.08 517.17 -0.44 11.87 436.06</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2574 up 0.0043</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR21 HI 6.80 1/2 JUL21 HI 6.71 3/4</u></div>
<div><u> LOW 6.58 3/4 LOW 6.55 1/4</u></div>
<div><u> CLOSE 6.71 3/4 Down 8 1/2 CLOSE 6.63 1/2 Down 7</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>MAR21 HI 6.48 SEP21 HI 6.71</u></div>
<div><u> LOW 6.34 3/4 LOW 6.59</u></div>
<div><u> CLOSE 6.41 1/2 Down 5 CLOSE 6.65 1/2 Down 6</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 1.30 N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.33 1.27 1.27 N/A 1.19 1.19 0.94 N/A</u></div>
<div><u>Hensall 1.35 N/A 1.30 N/A 1.25 N/A 1.00 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 1.34 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Norwich 1.35 N/A 1.30 N/A 1.25 N/A 1.00 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 1.35 N/A 1.30 N/A 1.25 N/A 1.00 N/A</u></div>
<div><u>Chatham N/A N/A 1.34 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 1.34 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A 1.40 1.34 1.32 N/A 1.22 1.03 1.27</u></div>
<div><u>Varna 1.39 1.44 1.39 N/A 1.25 1.25 1.05 N/A</u></div>
<div><u>Mitchell 1.35 1.45 1.30 N/A 1.25 1.20 1.00 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.13 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.25 1.25 0.95 N/A 0.96 0.96 1.07</u></div>
<div><u>W O Feed 2.02</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.72 N/A N/A N/A 1.29 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. 6.76US 8.50CA 6.59US 8.28CA</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 621.82</u></div>
<div><u>DDG's FOB Srn & Aylm 360.00</u></div>
<div><u><br>
</u></div>
<br>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
<o:p> </o:p></span></p>
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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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<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><o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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