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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, March 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 1.2609 up 0.0049</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 5.52 1/2 DEC21 HI 4.68 1/4</u></div>
<div><u> LOW 5.41 1/2 LOW 4.64 1/4</u></div>
<div><u> CLOSE5.46 1/2 Down 6 3/4 CLOSE 4.65 1/2 Down 3 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 6.87 270.26 0.90 5.56 218.69</u></div>
<div><u>CK High 1.40 6.87 270.26 0.95 5.61 220.66</u></div>
<div><u>CK Avg 1.40 -0.02 6.87 270.26 0.91 -0.24 5.56 219.02</u></div>
<div><u>Essex Cty 1.40 6.87 270.26 0.90 5.56 218.69</u></div>
<div><u>Mdsx Low 1.40 6.87 270.26 0.90 5.56 218.69</u></div>
<div><u>Mdsx High 1.40 6.87 270.26 0.90 5.56 218.69</u></div>
<div><u>Mdsx Avg 1.40 -0.02 6.87 270.26 0.90 -0.25 5.56 218.69</u></div>
<div><u>Hensall 1.42 6.88 270.92 0.93 5.59 220.00</u></div>
<div><u>Bruce 1.40 6.87 270.26 0.90 5.56 218.69</u></div>
<div><u>Putnam 1.40 6.87 270.26 0.90 5.56 218.69</u></div>
<div><u>Burford 1.40 6.87 270.26 0.90 5.56 218.69</u></div>
<div><u>Port Perry 1.45 6.92 272.23 0.90 5.56 218.69</u></div>
<div><u>Norfolk 1.40 6.87 270.26 0.90 5.56 218.69</u></div>
<div><u>Palmerston 1.49 6.96 273.81 0.97 5.63 221.45</u></div>
<div><u>Varna 1.40 6.87 270.26 0.90 5.56 218.69</u></div>
<div><u>Trenton 1.55 7.02 276.17 0.90 5.56 218.69</u></div>
<div><u>Winchester 1.40 6.87 270.26 1.40 6.06 238.37</u></div>
<div><u>North Gower 1.42 6.89 271.05 1.35 6.01 236.41</u></div>
<div><u>Vankleek Hil 1.51 6.98 274.59 1.02 5.68 223.41</u></div>
<div><u>Huron FOB 1.45 1.52 1.82 1.86 6.92 272.23 0.90 5.56 218.69</u></div>
<div><u>Kent FOB 1.52 6.99 274.99 1.02 5.68 223.41</u></div>
<div><u>Lamb FOB N/A 1.05 5.71 224.60</u></div>
<div><u>Mdsx FOB 1.50 1.60N/A N/A 6.97 274.20 1.05 5.71 224.60</u></div>
<div><u>FOB SW Que 2.51 7.98 313.96N/A</u></div>
<div><u>Track 1.76 7.22 284.24N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.28 5.94 233.65</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 5.91 232.47</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 5.96 234.44</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 6.21 244.28</u></div>
<div><u>W O Feed 1.98 7.44 292.94</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.05 7.52 295.85</u></div>
<div><u>Toledo El. 0.00 5.47 215.15 -0.25 4.40 173.33</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 7.27 286.01 1.35 6.01 236.41</u></div>
<div><u>Prescott 1.99 7.46 293.49 1.46 6.12 240.74</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 6.86 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 1.2609 up 0.0049</u></div>
<div><u>Chicago soybeans closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 14.31 3/4 NOV21 HI 12.28 1/4</u></div>
<div><u> LOW 14.10 1/2 LOW 12.10 1/2</u></div>
<div><u> CLOSE14.14 1/4 Down 18 1/2 CLOSE 12.14 3/4 Down 13 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 3.60 17.74 651.93 2.80 14.95 549.23</u></div>
<div><u>CK High 3.60 17.74 651.93 2.81 14.96 549.59</u></div>
<div><u>CK Average 3.60 -0.07 17.74 651.93 2.80 -0.29 14.95 549.29</u></div>
<div><u>Essex Cty 3.60 17.74 651.93 2.75 14.90 547.39</u></div>
<div><u>Mdsx Low 3.58 17.72 651.19 2.79 14.94 548.86</u></div>
<div><u>Mdsx High 3.60 17.74 651.93 2.80 14.95 549.23</u></div>
<div><u>Mdsx Average3.59 -0.08 17.73 651.56 2.80 -0.30 14.94 549.04</u></div>
<div><u>Hensall 3.60 17.74 651.93 2.80 14.95 549.23</u></div>
<div><u>Bruce 3.60 17.74 651.93 2.80 14.95 549.23</u></div>
<div><u>Putnam 3.60 17.74 651.93 2.80 14.95 549.23</u></div>
<div><u>Burford 3.65 17.79 653.76 2.86 15.01 551.43</u></div>
<div><u>Port Perry 3.57 17.71 650.82 2.78 14.93 548.49</u></div>
<div><u>Norfolk 3.60 17.74 651.93 2.80 14.95 549.23</u></div>
<div><u>Palmerston 3.57 17.71 650.82 2.86 15.01 551.43</u></div>
<div><u>Varna 3.60 17.74 651.93 2.80 14.95 549.23</u></div>
<div><u>Trenton 3.60 17.74 651.93 2.80 14.95 549.23</u></div>
<div><u>Winchester 3.31 17.45 641.27 2.65 14.80 543.72</u></div>
<div><u>North Gower 3.25 17.39 639.06 2.65 14.80 543.72</u></div>
<div><u>Vankleek Hil3.31 17.45 641.27 2.69 14.84 545.18</u></div>
<div><u>Huron FOB 3.70 3.85 3.80 3.83 17.84 655.60 2.85 15.00 551.06</u></div>
<div><u>Kent FOB 3.70 17.84 655.60 2.80 14.95 549.23</u></div>
<div><u>Lambton FOB 3.65 17.79 653.76 2.95 15.10 554.74</u></div>
<div><u>Mdsx FOB 3.71 3.71 N/A N/A 17.85 655.97 2.92 15.07 553.64</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.03 18.17 667.73 3.05 15.20 558.41</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.10 18.24 670.30 3.25 15.40 565.76</u></div>
<div><u>Prescott N/A 3.10 15.25 560.25</u></div>
<div><u>Port Colborn3.74 17.88 657.07 3.33 15.48 568.70</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.19 14.33 526.60 -0.44 11.71 430.13</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2609 up 0.0049</u></div>
<div><u>Chicago wheat closed slightly lower to lower.</u></div>
<div><u>MAY21 HI 6.25 1/2 JUL21 HI 6.19 3/4</u></div>
<div><u> LOW 6.09 LOW 6.04 1/2</u></div>
<div><u> CLOSE 6.12 1/2 Down 12 1/4 CLOSE 6.08 1/2 Down 10 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAY21 HI 6.27 SEP21 HI 6.42 1/4</u></div>
<div><u> LOW 6.16 1/2 LOW 6.33 1/2</u></div>
<div><u> CLOSE 6.17 1/2 Down 9 1/2 CLOSE 6.34 1/4 Down 8 1/2</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 1.12 0.93 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 1.30 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 1.30 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 1.30 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Palmerston N/A N/A 1.22 1.24 N/A 1.16 0.97 1.22</u></div>
<div><u>Varna 1.30 1.35 1.30 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 0.90 1.18 1.12 0.93 N/A</u></div>
<div><u>North Gower N/A 1.20 1.20 0.85 N/A 0.95 0.95 0.90</u></div>
<div><u>W O Feed 1.98</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 1.26 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.60 N/A N/A N/A 1.59 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.13US 7.72CA 6.04US 7.61CA</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 583.79</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 340.00</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"">Editor, AgriLink and Farm Market News
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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"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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