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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, March 23</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 1.2562 up 0.0054</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 5.56 DEC21 HI 4.72 1/4</u></div>
<div><u> LOW 5.47 3/4 LOW 4.65 1/4</u></div>
<div><u> CLOSE5.51 1/4 Up 2 1/4 CLOSE 4.69 3/4 Up 1 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+JUL21+JUL21</u></div>
<div><u>CK Low 1.40 6.91 272.13 0.90 5.60 220.36</u></div>
<div><u>CK High 1.40 6.91 272.13 0.95 5.65 222.33</u></div>
<div><u>CK Avg 1.40 -0.01 6.91 272.13 0.91 -0.23 5.61 220.69</u></div>
<div><u>Essex Cty 1.40 6.91 272.13 0.90 5.60 220.36</u></div>
<div><u>Mdsx Low 1.40 6.91 272.13 0.90 5.60 220.36</u></div>
<div><u>Mdsx High 1.40 6.91 272.13 0.90 5.60 220.36</u></div>
<div><u>Mdsx Avg 1.40 -0.01 6.91 272.13 0.90 -0.24 5.60 220.36</u></div>
<div><u>Hensall 1.42 6.93 272.79 0.93 5.63 221.68</u></div>
<div><u>Bruce 1.40 6.91 272.13 0.90 5.60 220.36</u></div>
<div><u>Putnam 1.40 6.91 272.13 0.90 5.60 220.36</u></div>
<div><u>Burford 1.40 6.91 272.13 0.90 5.60 220.36</u></div>
<div><u>Port Perry 1.45 6.96 274.10 0.90 5.60 220.36</u></div>
<div><u>Norfolk 1.40 6.91 272.13 0.90 5.60 220.36</u></div>
<div><u>Palmerston 1.47 6.98 274.89 0.95 5.65 222.33</u></div>
<div><u>Varna 1.40 6.91 272.13 0.90 5.60 220.36</u></div>
<div><u>Trenton 1.45 6.96 274.10 0.90 5.60 220.36</u></div>
<div><u>Winchester 1.40 6.91 272.13 1.40 6.10 240.05</u></div>
<div><u>North Gower 1.42 6.93 272.92 1.35 6.05 238.08</u></div>
<div><u>Vankleek Hil 1.51 7.02 276.46 1.07 5.77 227.06</u></div>
<div><u>Huron FOB 1.45 1.52 1.76 1.81 6.96 274.10 0.90 5.60 220.36</u></div>
<div><u>Kent FOB 1.52 7.03 276.86 1.02 5.72 225.09</u></div>
<div><u>Lamb FOB N/A 1.05 5.75 226.27</u></div>
<div><u>Mdsx FOB 1.50 1.50N/A N/A 7.01 276.07 1.00 5.70 224.30</u></div>
<div><u>FOB SW Que 2.38 7.89 310.71N/A</u></div>
<div><u>Track 1.74 7.25 285.52N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.25 5.95 234.14</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A 1.95N/A 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 N/A 1.30 6.00 236.11</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 6.25 245.95</u></div>
<div><u>W O Feed 1.94 7.45 293.47</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.03 7.54 296.94</u></div>
<div><u>Toledo El. 0.00 5.51 217.02 -0.25 4.45 175.04</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 7.31 287.88 1.35 6.05 238.08</u></div>
<div><u>Prescott 2.04 7.55 297.33 1.52 6.22 244.77</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 6.91 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2562 up 0.0054</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 14.35 NOV21 HI 12.31</u></div>
<div><u> LOW 14.14 1/4 LOW 12.15</u></div>
<div><u> CLOSE14.23 1/4 Up 5 3/4 CLOSE 12.23 1/2 Up 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+JUL21</u></div>
<div><u>CK Low 3.55 17.78 653.40 2.79 15.03 552.07</u></div>
<div><u>CK High 3.60 17.83 655.23 2.80 15.04 552.44</u></div>
<div><u>CK Average 3.57 -0.06 17.80 654.13 2.80 -0.27 15.03 552.38</u></div>
<div><u>Essex Cty 3.55 17.78 653.40 2.75 14.99 550.60</u></div>
<div><u>Mdsx Low 3.55 17.78 653.40 2.77 15.01 551.34</u></div>
<div><u>Mdsx High 3.60 17.83 655.23 2.80 15.04 552.44</u></div>
<div><u>Mdsx Average3.58 -0.06 17.81 654.31 2.79 -0.28 15.02 551.89</u></div>
<div><u>Hensall 3.60 17.83 655.23 2.80 15.04 552.44</u></div>
<div><u>Bruce 3.60 17.83 655.23 2.80 15.04 552.44</u></div>
<div><u>Putnam 3.60 17.83 655.23 2.80 15.04 552.44</u></div>
<div><u>Burford 3.62 17.85 655.97 2.84 15.08 553.91</u></div>
<div><u>Port Perry 3.54 17.77 653.03 2.76 15.00 550.97</u></div>
<div><u>Norfolk 3.55 17.78 653.40 2.80 15.04 552.44</u></div>
<div><u>Palmerston 3.52 17.75 652.29 2.82 15.06 553.18</u></div>
<div><u>Varna 3.35 17.58 646.05 2.65 14.89 546.93</u></div>
<div><u>Trenton 3.60 17.83 655.23 2.80 15.04 552.44</u></div>
<div><u>Winchester 3.45 17.68 649.72 2.68 14.92 548.03</u></div>
<div><u>North Gower 3.15 17.38 638.70 2.60 14.84 545.09</u></div>
<div><u>Vankleek Hil3.27 17.50 643.11 2.66 14.90 547.30</u></div>
<div><u>Huron FOB 3.70 3.85 3.78 3.81 17.93 658.91 2.85 15.09 554.28</u></div>
<div><u>Kent FOB 3.65 17.88 657.07 2.80 15.04 552.44</u></div>
<div><u>Lambton FOB 3.65 17.88 657.07 2.95 15.19 557.95</u></div>
<div><u>Mdsx FOB 3.55 3.55 N/A N/A 17.78 653.40 2.89 15.13 555.75</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.96 18.19 668.46 2.99 15.23 559.42</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.05 18.28 671.77 3.25 15.49 568.98</u></div>
<div><u>Prescott N/A 3.06 15.30 562.00</u></div>
<div><u>Port Colborn3.71 17.94 659.27 3.30 15.54 570.81</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.19 14.42 529.88 -0.44 11.80 433.40</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2562 up 0.0054</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>MAY21 HI 6.44 1/2 JUL21 HI 6.33 1/2</u></div>
<div><u> LOW 6.21 LOW 6.12 1/2</u></div>
<div><u> CLOSE 6.34 3/4 Up 7 1/2 CLOSE 6.26 1/4 Up 7</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAY21 HI 6.37 1/2 SEP21 HI 6.52 1/2</u></div>
<div><u> LOW 6.21 1/4 LOW 6.36 1/2</u></div>
<div><u> CLOSE 6.30 1/4 Up 4 1/4 CLOSE 6.46 Up 4 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 0.95 N/A</u></div>
<div><u>London 1.27 1.27 1.27 N/A 1.18 1.18 0.99 N/A</u></div>
<div><u>Hensall N/A N/A N/A N/A 1.20 N/A 0.95 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.95 N/A</u></div>
<div><u>Bruce 1.25 1.25 1.25 1.45 1.20 1.15 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 1.20 N/A 0.95 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 0.95 N/A</u></div>
<div><u>Kent Bridge N/A N/A N/A N/A 1.20 N/A 0.95 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 1.25 1.23 N/A 1.14 0.95 1.21</u></div>
<div><u>Varna 1.25 1.30 1.25 N/A 1.15 1.15 0.95 N/A</u></div>
<div><u>Mitchell N/A N/A N/A N/A 1.20 1.15 0.95 N/A</u></div>
<div><u>Thornton 1.27 1.27 1.27 0.82 1.18 1.18 0.99 N/A</u></div>
<div><u>North Gower N/A 1.20 1.20 0.85 N/A 0.90 0.90 0.90</u></div>
<div><u>W O Feed 2.01</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 1.32 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.63 N/A N/A N/A 1.60 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.35US 7.97CA 6.21US 7.80CA</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 577.40</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 340.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u></div>
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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"">University of Guelph, Ridgetown Campus<o:p> </o:p></span></p>
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