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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 10</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 1.2629 down 0.0006</u></div>
<div><u>Chicago corn closed moderately lower to lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 5.45 3/4 DEC21 HI 4.84 1/4</u></div>
<div><u> LOW 5.31 1/4 LOW 4.76 1/4</u></div>
<div><u> CLOSE5.34 Down 11 3/4 CLOSE 4.80 1/4 Down 4 1/2</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 6.74 265.34 0.90 5.70 224.50</u></div>
<div><u>CK High 1.40 6.74 265.34 0.97 5.77 227.25</u></div>
<div><u>CK Avg 1.40 0.00 6.74 265.34 0.95 -0.25 5.75 226.27</u></div>
<div><u>Essex Cty 1.40 6.74 265.34 0.97 5.77 227.25</u></div>
<div><u>Mdsx Low 1.40 6.74 265.34 0.95 5.75 226.47</u></div>
<div><u>Mdsx High 1.40 6.74 265.34 0.95 5.75 226.47</u></div>
<div><u>Mdsx Avg 1.40 0.00 6.74 265.34 0.95 -0.25 5.75 226.47</u></div>
<div><u>Hensall 1.42 6.76 266.00 0.97 5.77 227.12</u></div>
<div><u>Bruce 1.40 6.74 265.34 0.95 5.75 226.47</u></div>
<div><u>Putnam 1.40 6.74 265.34 0.95 5.75 226.47</u></div>
<div><u>Burford 1.40 6.74 265.34 0.95 5.75 226.47</u></div>
<div><u>Port Perry 1.45 6.79 267.31 0.95 5.75 226.47</u></div>
<div><u>Norfolk 1.40 6.74 265.34 0.97 5.77 227.25</u></div>
<div><u>Palmerston 1.35 6.69 263.37 0.95 5.75 226.47</u></div>
<div><u>Varna 1.40 6.74 265.34 0.95 5.75 226.47</u></div>
<div><u>Trenton 1.45 6.79 267.31 0.95 5.75 226.47</u></div>
<div><u>Winchester 1.40 6.74 265.34 1.40 6.20 244.18</u></div>
<div><u>North Gower 1.50 6.84 269.28 1.36 6.16 242.61</u></div>
<div><u>Vankleek Hil 1.62 6.96 274.00 1.13 5.93 233.55</u></div>
<div><u>Huron FOB 1.40 1.49 1.69 1.72 6.74 265.34 0.95 5.75 226.47</u></div>
<div><u>Kent FOB 1.57 6.91 272.03 1.07 5.87 231.19</u></div>
<div><u>Lamb FOB N/A 1.15 5.95 234.34</u></div>
<div><u>Mdsx FOB 1.50 1.50N/A N/A 6.84 269.28 1.00 5.80 228.43</u></div>
<div><u>FOB SW Que 2.40 7.74 304.71N/A</u></div>
<div><u>Track 1.77 7.11 279.71N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.31 6.11 240.64</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.56 6.36 250.48</u></div>
<div><u>Aylmer-Eth N/A N/A 1.92N/A 1.25 6.05 238.28</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 N/A 1.30 6.10 240.24</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 N/A 1.55 6.35 250.09</u></div>
<div><u>W O Feed 1.96 7.30 287.23</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.04 7.38 290.54</u></div>
<div><u>Toledo El. 0.00 5.34 210.23 -0.25 4.55 179.12</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 7.14 281.09 1.35 6.15 242.21</u></div>
<div><u>Prescott 1.99 7.33 288.57 1.57 6.37 250.87</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 6.74</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2629 down 0.0006</u></div>
<div><u>Chicago soybeans closed moderately lower to lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 14.45 3/4 NOV21 HI 12.64 1/4</u></div>
<div><u> LOW 14.08 1/4 LOW 12.30 3/4</u></div>
<div><u> CLOSE14.09 3/4 Down 30 1/4 CLOSE 12.38 3/4 Down 23 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 +MAY21+MAY21+JUL21</u></div>
<div><u>CK Low 3.55 17.65 648.43 2.90 15.29 561.72</u></div>
<div><u>CK High 3.65 17.75 652.11 2.95 15.34 563.56</u></div>
<div><u>CK Average 3.60 -0.09 17.69 650.15 2.93 -0.26 15.31 562.64</u></div>
<div><u>Essex Cty 3.65 17.75 652.11 2.90 15.29 561.72</u></div>
<div><u>Mdsx Low 3.55 17.65 648.43 2.88 15.27 560.98</u></div>
<div><u>Mdsx High 3.56 17.66 648.80 2.90 15.29 561.72</u></div>
<div><u>Mdsx Average3.56 -0.12 17.65 648.62 2.89 -0.29 15.28 561.35</u></div>
<div><u>Hensall 3.55 17.65 648.43 2.90 15.29 561.72</u></div>
<div><u>Bruce 3.55 17.65 648.43 2.95 15.34 563.56</u></div>
<div><u>Putnam 3.55 17.65 648.43 2.90 15.29 561.72</u></div>
<div><u>Burford 3.63 17.73 651.37 2.95 15.34 563.56</u></div>
<div><u>Port Perry 3.55 17.65 648.43 2.87 15.26 560.62</u></div>
<div><u>Norfolk 3.65 17.75 652.11 2.95 15.34 563.56</u></div>
<div><u>Palmerston 3.47 17.57 645.50 2.95 15.34 563.56</u></div>
<div><u>Varna 3.55 17.65 648.43 2.90 15.29 561.72</u></div>
<div><u>Trenton 3.50 17.60 646.60 2.90 15.29 561.72</u></div>
<div><u>Winchester 3.53 17.63 647.70 2.87 15.26 560.62</u></div>
<div><u>North Gower 3.35 17.45 641.09 2.80 15.19 558.05</u></div>
<div><u>Vankleek Hil3.39 17.49 642.56 2.88 15.27 560.98</u></div>
<div><u>Huron FOB 3.65 3.80 3.74 3.70 17.75 652.11 2.95 15.34 563.56</u></div>
<div><u>Kent FOB 3.80 17.90 657.62 2.95 15.34 563.56</u></div>
<div><u>Lambton FOB 3.75 17.85 655.78 3.20 15.59 572.74</u></div>
<div><u>Mdsx FOB 3.63 3.63 N/A N/A 17.73 651.37 3.04 15.43 566.86</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.10 18.20 668.64 3.11 15.50 569.44</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.15 18.25 670.48 3.40 15.79 580.09</u></div>
<div><u>Prescott N/A 3.33 15.72 577.52</u></div>
<div><u>Port Colborn3.78 17.88 656.89 3.45 15.84 581.93</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 14.10 517.99 -0.44 11.95 438.92</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2629 down 0.0006</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAY21 HI 6.56 3/4 JUL21 HI 6.47 1/2</u></div>
<div><u> LOW 6.41 1/4 LOW 6.34 1/4</u></div>
<div><u> CLOSE 6.52 1/2 Down 4 CLOSE 6.43 1/4 Down 4 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>MAY21 HI 6.46 1/4 SEP21 HI 6.59</u></div>
<div><u> LOW 6.35 1/2 LOW 6.49 1/4</u></div>
<div><u> CLOSE 6.41 1/4 Down 6 1/4 CLOSE 6.54 1/2 Down 5 1/4</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 1.37 1.31 1.31 N/A 1.29 1.22 1.04 N/A</u></div>
<div><u>Hensall N/A N/A N/A 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 1.45 1.25 1.30 1.05 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 N/A N/A N/A 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 N/A N/A N/A 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 N/A 1.34 1.31 N/A 1.25 1.06 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 N/A N/A N/A N/A 1.30 1.25 1.05 N/A</u></div>
<div><u>Thornton 1.37 1.31 1.31 0.98 1.29 1.22 1.04 N/A</u></div>
<div><u>North Gower N/A 1.30 1.30 1.00 N/A 1.00 1.00 1.02</u></div>
<div><u>W O Feed 2.07</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.76 N/A N/A N/A 1.39 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.72 N/A N/A N/A 1.69 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.53US 8.24CA 6.38US 8.06CA</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 597.24</u></div>
<div><u>DDG's FOB Srn & Aylm 350.00 - 360.00 </u></div>
<div><u><br>
</u></div>
<div>---</div>
<div><br>
</div>
<div>Ontario Grain Market Commentary for March 10, 2021</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div>
<div><br>
</div>
<div>Wednesday, March 10, 2021</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div>Corn CBOT Mar 5.34 ¡é 1 ¨ù Cents</div>
<div>Soybeans CBOT Mar 14.09 ¨ú ¡è 2 ¨ù Cents</div>
<div>Wheat CBOT Mar 6.52 ¨ö ¡é 3 ¨ù Cent</div>
<div>Wheat Minn. Mar 6.41 ¨ù ¡é 1 ¨ú Cents</div>
<div>Wheat Kansas Mar 6.16 ¨ö ¡é 9 ¨ö Cents</div>
<div>Oats CBOT Mar 3.84 ¨ö ¡è 18 ¨ö Cents</div>
<div></div>
<div>Canadian $ Mar .7921 ¡è 7 Points</div>
<div><br>
</div>
<div>CORN: </div>
<div>The USDA has projected the U.S. corn carryout to be 1.50 billion bushels. This figure is unchanged from the February report but higher than the trade was anticipating. Increased demand this year has resulted in a smaller carryout than that of the past
few years.</div>
<div>Global corn carryout was estimated to be 287.7 million metric tonnes (mmt) which was up 1.14 mmt from the February report.</div>
<div><br>
</div>
<div>SOYBEANS:</div>
<div>The USDA has kept the estimate of soybean carryout at 120 million bushels. The trade was expecting a carryout closer to 117 million bushels. If the USDA¡¯s figure is realized at the end of the crop year, it will be the tightest since 2014.</div>
<div>Brazilian soybean harvest is 34% complete versus 52% last year. Continued wet weather in parts of Brazil could affect soybean quality, although these quality concerns will not be fully known until the crop has been harvested.</div>
<div><br>
</div>
<div>WHEAT:</div>
<div>According to the March USDA report, global wheat stocks decreased, despite a 3.5 mmt increase in global production. Of note was the USDA¡¯s estimate of Chinese wheat imports for the 20/21 crop year. Figures are indicating that China may import 10.5 million
tonnes of wheat, nearly double the volume of imports from the previous year.</div>
<div><br>
</div>
<div>---</div>
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<span style="font-size:10.0pt;font-family:"Courier New""><br>
</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"">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>
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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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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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