<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 26</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 1.2698 up 0.0124</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 5.49 DEC21 HI 4.72 1/2</u></div>
<div><u> LOW 5.40 LOW 4.65 1/4</u></div>
<div><u> CLOSE5.47 1/2 Down 2 1/4 CLOSE 4.70 3/4 Down 3 1/4</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+JUL21+JUL21</u></div>
<div><u>CK Low 1.40 6.88 270.66 0.90 5.61 220.76</u></div>
<div><u>CK High 1.40 6.88 270.66 0.95 5.66 222.73</u></div>
<div><u>CK Avg 1.40 -0.06 6.88 270.66 0.91 -0.29 5.62 221.09</u></div>
<div><u>Essex Cty 1.40 6.88 270.66 0.90 5.61 220.76</u></div>
<div><u>Mdsx Low 1.40 6.88 270.66 0.90 5.61 220.76</u></div>
<div><u>Mdsx High 1.40 6.88 270.66 0.90 5.61 220.76</u></div>
<div><u>Mdsx Avg 1.40 -0.06 6.88 270.66 0.90 -0.29 5.61 220.76</u></div>
<div><u>Hensall 1.42 6.89 271.31 0.92 5.62 221.41</u></div>
<div><u>Bruce 1.53 7.01 275.77 0.95 5.66 222.73</u></div>
<div><u>Putnam 1.40 6.88 270.66 0.90 5.61 220.76</u></div>
<div><u>Burford 1.40 6.88 270.66 0.90 5.61 220.76</u></div>
<div><u>Port Perry 1.45 6.93 272.63 0.95 5.66 222.73</u></div>
<div><u>Norfolk 1.40 6.88 270.66 0.90 5.61 220.76</u></div>
<div><u>Palmerston 1.49 6.97 274.20 1.03 5.74 225.88</u></div>
<div><u>Varna 1.40 6.88 270.66 0.90 5.61 220.76</u></div>
<div><u>Trenton 1.45 6.93 272.63 0.95 5.66 222.73</u></div>
<div><u>Winchester 1.55 7.03 276.56 1.40 6.11 240.44</u></div>
<div><u>North Gower 1.58 7.06 277.74 1.32 6.03 237.29</u></div>
<div><u>Vankleek Hil 1.61 7.09 278.92 1.11 5.82 229.02</u></div>
<div><u>Huron FOB 1.64 1.69 1.85 1.88 7.12 280.11 1.04 5.75 226.27</u></div>
<div><u>Kent FOB 1.57 7.05 277.35 1.00 5.71 224.69</u></div>
<div><u>Lamb FOB N/A 1.15 5.86 230.60</u></div>
<div><u>Mdsx FOB 1.50 1.55 1.75N/A 6.98 274.59 1.00 5.71 224.69</u></div>
<div><u>FOB SW Que 2.29 7.77 305.69N/A</u></div>
<div><u>Track 1.81 7.29 286.80N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.30 6.01 236.50</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.55 6.26 246.35</u></div>
<div><u>Aylmer-Eth N/A N/A 1.95N/A 1.20 5.91 232.57</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 2.00 2.00 1.30 6.01 236.50</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 2.20N/A 1.55 6.26 246.35</u></div>
<div><u>W O Feed 1.99 7.47 293.96</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.05 7.53 296.25</u></div>
<div><u>Toledo El. 0.00 5.48 215.54 -0.25 4.45 175.33</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.85 7.33 288.37 1.35 6.06 238.47</u></div>
<div><u>Prescott 1.93 7.41 291.52 1.56 6.27 246.74</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 6.87 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2698 up 0.0124</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 14.08 NOV21 HI 12.30</u></div>
<div><u> LOW 13.78 1/4 LOW 12.08 1/2</u></div>
<div><u> CLOSE14.04 1/4 Down 3 1/4 CLOSE 12.23 Down 7 3/4</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 +MAY21+MAY21+JUL21</u></div>
<div><u>CK Low 3.37 17.41 639.80 2.80 15.03 552.26</u></div>
<div><u>CK High 3.40 17.44 640.90 2.85 15.08 554.10</u></div>
<div><u>CK Average 3.40 -0.31 17.44 640.72 2.84 -0.36 15.07 553.79</u></div>
<div><u>Essex Cty 3.40 17.44 640.90 2.80 15.03 552.26</u></div>
<div><u>Mdsx Low 3.35 17.39 639.06 2.78 15.01 551.52</u></div>
<div><u>Mdsx High 3.40 17.44 640.90 2.85 15.08 554.10</u></div>
<div><u>Mdsx Average3.38 -0.33 17.42 639.98 2.82 -0.39 15.05 552.81</u></div>
<div><u>Hensall 3.40 17.44 640.90 2.82 15.05 552.87</u></div>
<div><u>Bruce 3.35 17.39 639.06 2.85 15.08 554.10</u></div>
<div><u>Putnam 3.40 17.44 640.90 2.85 15.08 554.10</u></div>
<div><u>Burford 3.42 17.46 641.64 2.85 15.08 554.10</u></div>
<div><u>Port Perry 3.34 17.38 638.70 2.77 15.00 551.16</u></div>
<div><u>Norfolk 3.40 17.44 640.90 2.85 15.08 554.10</u></div>
<div><u>Palmerston 3.43 17.47 642.00 3.03 15.26 560.71</u></div>
<div><u>Varna 3.40 17.44 640.90 2.80 15.03 552.26</u></div>
<div><u>Trenton 3.40 17.44 640.90 2.85 15.08 554.10</u></div>
<div><u>Winchester 3.30 17.34 637.23 2.85 15.08 554.10</u></div>
<div><u>North Gower 3.20 17.24 633.55 2.80 15.03 552.26</u></div>
<div><u>Vankleek Hil3.17 17.21 632.45 2.78 15.01 551.52</u></div>
<div><u>Huron FOB 3.75 3.75 3.75 3.72 17.79 653.76 2.99 15.22 559.24</u></div>
<div><u>Kent FOB 3.55 17.59 646.41 2.85 15.08 554.10</u></div>
<div><u>Lambton FOB 3.45 17.49 642.74 3.00 15.23 559.61</u></div>
<div><u>Mdsx FOB 3.50 3.54 3.54 N/A 17.54 644.58 2.63 14.86 546.01</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.04 18.08 664.42 3.17 15.40 565.85</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.95 17.99 661.11 3.30 15.53 570.63</u></div>
<div><u>Prescott N/A 3.28 15.51 569.89</u></div>
<div><u>Port Colborn3.72 17.76 652.66 2.95 15.18 557.77</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 14.04 515.97 -0.44 11.79 433.04</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2698 up 0.0124</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>MAY21 HI 6.74 JUL21 HI 6.62</u></div>
<div><u> LOW 6.58 1/4 LOW 6.48</u></div>
<div><u> CLOSE 6.60 1/4 Down 15 1/2 CLOSE 6.50 Down 13 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed lower.</u></div>
<div><u>MAY21 HI 6.48 3/4 SEP21 HI 6.63 1/4</u></div>
<div><u> LOW 6.37 LOW 6.52</u></div>
<div><u> CLOSE 6.38 3/4 Down 11 3/4 CLOSE 6.53 3/4 Down 11 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 1.30 N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.41 1.35 1.35 N/A 1.24 1.24 0.99 N/A</u></div>
<div><u>Hensall 1.30 N/A 1.25 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 1.30 1.40 1.30 1.32 1.25 1.30 1.10 1.30</u></div>
<div><u>Essex N/A N/A 1.30 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Norwich 1.30 N/A 1.25 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 1.30 N/A 1.25 N/A 1.25 N/A 1.00 N/A</u></div>
<div><u>Chatham N/A N/A 1.30 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 1.30 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A 1.40 1.34 1.31 N/A 1.27 1.07 1.34</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 1.30 1.40 1.25 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 1.20 1.20 0.87 N/A 0.95 0.95 1.07</u></div>
<div><u>W O Feed 2.03</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.80 N/A N/A N/A 1.34 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.78 N/A N/A N/A 1.76 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.60US 8.38CA 6.45US 8.19CA</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 620.83</u></div>
<div><u>DDG's FOB Srn & Aylm 360.00</u></div>
<u><br>
</u></div>
<div>
<div id="Signature">
<div>
<div id="divtagdefaultwrapper" style="font-size:12pt; color:#000000; background-color:#FFFFFF; font-family:Calibri,Arial,Helvetica,sans-serif">
<p style="margin-top: 0px; margin-bottom: 0px;"></p>
<div style="margin-top: 0px; margin-bottom: 0px;">
<p class="MsoNoSpacing" 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<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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
<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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 class="MsoNoSpacing" 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><o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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
<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"><span style="color:#333333"> </span></span></span><span class="object"><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="color:#333333;background:#FDFDFD"> </span></span><span style="background:#FDFDFD"> to
unsubscribe from this report.</span><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p> </o:p></span></span></p>
<br>
</div>
</div>
</div>
</div>
</div>
</body>
</html>