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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 17</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 1.2412 down 0.0028</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 5.58 1/2 DEC21 HI 4.77 1/2</u></div>
<div><u> LOW 5.52 LOW 4.72 3/4</u></div>
<div><u> CLOSE5.58 Up 3 3/4 CLOSE 4.75 1/2 Down 2 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 6.98 274.79 0.90 5.66 222.63</u></div>
<div><u>CK High 1.40 6.98 274.79 0.95 5.71 224.60</u></div>
<div><u>CK Avg 1.40 0.04 6.98 274.79 0.91 -0.19 5.66 222.96</u></div>
<div><u>Essex Cty 1.40 6.98 274.79 0.90 5.66 222.63</u></div>
<div><u>Mdsx Low 1.40 6.98 274.79 0.90 5.66 222.63</u></div>
<div><u>Mdsx High 1.40 6.98 274.79 0.90 5.66 222.63</u></div>
<div><u>Mdsx Avg 1.40 0.04 6.98 274.79 0.90 -0.20 5.66 222.63</u></div>
<div><u>Hensall 1.40 6.98 274.79 0.93 5.69 223.94</u></div>
<div><u>Bruce 1.35 6.93 272.82 0.90 5.66 222.63</u></div>
<div><u>Putnam 1.40 6.98 274.79 0.90 5.66 222.63</u></div>
<div><u>Burford 1.40 6.98 274.79 0.90 5.66 222.63</u></div>
<div><u>Port Perry 1.45 7.03 276.76 0.95 5.71 224.60</u></div>
<div><u>Norfolk 1.40 6.98 274.79 0.90 5.66 222.63</u></div>
<div><u>Palmerston 1.36 6.94 273.22 0.91 5.67 223.02</u></div>
<div><u>Varna 1.40 6.98 274.79 0.90 5.66 222.63</u></div>
<div><u>Trenton 1.45 7.03 276.76 0.95 5.71 224.60</u></div>
<div><u>Winchester 1.40 6.98 274.79 1.40 6.16 242.31</u></div>
<div><u>North Gower 1.40 6.98 274.79 1.30 6.06 238.37</u></div>
<div><u>Vankleek Hil 1.52 7.10 279.51 1.05 5.81 228.53</u></div>
<div><u>Huron FOB 1.43 1.50 1.68 1.72 7.01 275.97 0.90 5.66 222.63</u></div>
<div><u>Kent FOB 1.52 7.10 279.51 1.02 5.78 227.35</u></div>
<div><u>Lamb FOB N/A 1.05 5.81 228.53</u></div>
<div><u>Mdsx FOB 1.55 1.60N/A N/A 7.13 280.70 1.05 5.81 228.53</u></div>
<div><u>FOB SW Que 2.39 7.97 313.77N/A</u></div>
<div><u>Track 1.72 7.30 287.39N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.25 6.01 236.41</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.47 6.23 245.07</u></div>
<div><u>Aylmer-Eth N/A N/A 1.84N/A 1.25 6.01 236.41</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 6.06 238.37</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 6.31 248.22</u></div>
<div><u>W O Feed 1.90 7.48 294.47</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.98 7.56 297.62</u></div>
<div><u>Toledo El. 0.00 5.58 219.67 -0.25 4.51 177.42</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 7.38 290.54 1.35 6.11 240.34</u></div>
<div><u>Prescott 1.92 7.50 295.26 1.50 6.26 246.25</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 6.98</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2412 down 0.0028</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 14.25 1/4 NOV21 HI 12.47</u></div>
<div><u> LOW 14.08 LOW 12.32</u></div>
<div><u> CLOSE14.17 3/4 Down 5 1/2 CLOSE 12.35 1/2 Down 9 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+JUL21</u></div>
<div><u>CK Low 3.40 17.58 645.86 2.70 15.06 553.18</u></div>
<div><u>CK High 3.45 17.63 647.70 2.70 15.06 553.18</u></div>
<div><u>CK Average 3.42 0.00 17.59 646.47 2.70 -0.23 15.06 553.18</u></div>
<div><u>Essex Cty 3.40 17.58 645.86 2.65 15.01 551.34</u></div>
<div><u>Mdsx Low 3.38 17.56 645.13 2.68 15.04 552.44</u></div>
<div><u>Mdsx High 3.45 17.63 647.70 2.70 15.06 553.18</u></div>
<div><u>Mdsx Average3.42 0.00 17.59 646.41 2.69 -0.23 15.05 552.81</u></div>
<div><u>Hensall 3.42 17.59 646.47 2.70 15.06 553.18</u></div>
<div><u>Bruce 3.40 17.58 645.86 2.70 15.06 553.18</u></div>
<div><u>Putnam 3.45 17.63 647.70 2.70 15.06 553.18</u></div>
<div><u>Burford 3.45 17.63 647.70 2.75 15.11 555.01</u></div>
<div><u>Port Perry 3.37 17.55 644.76 2.67 15.03 552.07</u></div>
<div><u>Norfolk 3.40 17.58 645.86 2.70 15.06 553.18</u></div>
<div><u>Palmerston 3.32 17.50 642.92 2.70 15.06 553.18</u></div>
<div><u>Varna 3.40 17.58 645.86 2.70 15.06 553.18</u></div>
<div><u>Trenton 3.45 17.63 647.70 2.70 15.06 553.18</u></div>
<div><u>Winchester 3.17 17.35 637.41 2.61 14.97 549.87</u></div>
<div><u>North Gower 3.15 17.33 636.68 2.60 14.96 549.50</u></div>
<div><u>Vankleek Hil3.12 17.30 635.57 2.60 14.96 549.50</u></div>
<div><u>Huron FOB 3.50 3.65 3.62 3.66 17.68 649.54 2.75 15.11 555.01</u></div>
<div><u>Kent FOB 3.50 17.68 649.54 2.70 15.06 553.18</u></div>
<div><u>Lambton FOB 3.50 17.68 649.54 2.85 15.21 558.69</u></div>
<div><u>Mdsx FOB 3.41 3.41 N/A N/A 17.59 646.23 2.80 15.16 556.85</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.83 18.01 661.66 2.94 15.30 562.00</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 18.03 662.40 3.15 15.51 569.71</u></div>
<div><u>Prescott N/A 3.00 15.36 564.20</u></div>
<div><u>Port Colborn3.57 17.75 652.11 3.21 15.57 571.92</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.19 14.36 527.78 -0.43 11.92 438.01</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2412 down 0.0028</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAY21 HI 6.49 1/2 JUL21 HI 6.39 1/2</u></div>
<div><u> LOW 6.39 1/4 LOW 6.29 3/4</u></div>
<div><u> CLOSE 6.40 Down 7 CLOSE 6.30 1/2 Down 6 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY21 HI 6.38 3/4 SEP21 HI 6.52</u></div>
<div><u> LOW 6.31 1/2 LOW 6.45 1/4</u></div>
<div><u> CLOSE 6.33 1/4 Down 4 1/2 CLOSE 6.46 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 1.25 N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.26 1.20 1.20 N/A 1.16 1.10 0.97 N/A</u></div>
<div><u>Hensall N/A N/A N/A 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 1.25 1.25 1.25 1.45 1.20 1.25 1.00 1.30</u></div>
<div><u>Essex N/A N/A 1.25 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Norwich N/A N/A N/A 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 N/A N/A N/A N/A 1.25 N/A 1.00 N/A</u></div>
<div><u>Chatham N/A N/A 1.25 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 1.25 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Palmerston N/A N/A 1.19 1.17 N/A 1.10 0.91 1.14</u></div>
<div><u>Varna 1.25 1.30 1.25 N/A 1.20 1.20 1.00 N/A</u></div>
<div><u>Mitchell N/A N/A N/A N/A 1.25 1.20 1.00 N/A</u></div>
<div><u>Thornton 1.26 1.20 1.20 0.83 1.16 1.10 0.97 N/A</u></div>
<div><u>North Gower N/A 1.20 1.20 0.88 N/A 0.90 0.90 0.90</u></div>
<div><u>W O Feed 1.95</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.64 N/A N/A N/A 1.30 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.54 N/A N/A N/A 1.52 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.40US 7.94CA 6.26US 7.76CA</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 589.64</u></div>
<div><u>DDG's FOB Srn & Aylm 340.00 - 350.00</u></div>
<div><u><br>
</u></div>
<div>---</div>
<div><br>
</div>
<div>Ontario Grain Market Commentary for March 17, 2021</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div><br>
</div>
<div>
<div style="">Wednesday, March 17, 2021</div>
<div style="">COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div style="">Corn CBOT Mar 5.58 ¡è 24 Cents</div>
<div style="">Soybeans CBOT Mar 14.17 ¨ú ¡è 8 Cents</div>
<div style="">Wheat CBOT Mar 6.40 ¡é 12 ¨ö Cent</div>
<div style="">Wheat Minn. Mar 6.33 ¨ù ¡é 8 Cents</div>
<div style="">Wheat Kansas Mar 6.01 ¡é 15 ¨ö Cents</div>
<div style="">Oats CBOT Mar 3.71 ¨ö ¡é 13 Cents</div>
<div style=""></div>
<div style="">Canadian $ Mar .8058 ¡è 137 Points</div>
<div style=""><br>
</div>
<div style="">CORN: </div>
<div style="">China has just recently purchased 1.156 million tonnes of U.S. corn. This is the largest corn purchase since the same country bought 2.1 million tonnes back in January of this year. In total, China has purchased nearly 20 million tonnes of corn.
However, shipments are lagging sales; approximately 40% of the sales have been shipped to date. The USDA has estimated that China will import 24 million tonnes of corn globally in this current marketing year.</div>
<div style=""><br>
</div>
<div style="">SOYBEANS:</div>
<div style="">Brazil soybeans are 46% harvested, up 11% from last week, but still well below the previous year¡¯s pace of 59%. Mata Grosso is 80% complete while the state of Parana is only 39% complete. Despite this, the Brazilian Association of oilseed industries
estimate soybean production to total 134.8 million tonnes this year, with an estimate of 84 million tonnes to be exported globally.</div>
<div style=""><br>
</div>
<div style="">WHEAT:</div>
<div style="">The international Grains Council (IGC) raised their forecast for global wheat production for the 2020 / 2021 season in response to increased production revisions for Australia, Kazakhstan, and Russia. The IGC raised global production estimates
by 5 million tonnes to 773 million tonnes. Australian production was increased to 33.3 million tonnes. Kazakhstan¡¯s production is now expected to be 14.3 million tonnes, and Russia¡¯s crop is estimated to be 85.3 million tonnes. The IGC outlook for the 2021
/ 2022 crop remains unchanged at 790 million tonnes.</div>
<div style=""><br>
</div>
<div style="">---</div>
<div style=""><br>
</div>
<div style="">
<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>
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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>
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