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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 23</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.274 down 0.0031</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.85 DEC22 HI 6.12</u></div>
<div><u> LOW 6.69 1/4 LOW 6.01 1/4</u></div>
<div><u> CLOSE6.83 3/4 Up 9 CLOSE 6.11 1/4 Up 5 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 +MAY22+MAY22+JUL22</u></div>
<div><u>CK Low 1.25 8.09 318.39 1.15 7.26 285.91</u></div>
<div><u>CK High 1.30 8.14 320.36 1.15 7.26 285.91</u></div>
<div><u>CK Avg 1.29 -0.46 8.13 320.08 1.15 -0.41 7.26 285.91</u></div>
<div><u>Essex Cty 1.30 8.14 320.36 1.15 7.26 285.91</u></div>
<div><u>Mdsx Low 1.25 8.09 318.39 1.15 7.26 285.91</u></div>
<div><u>Mdsx High 1.30 8.14 320.36 1.15 7.26 285.91</u></div>
<div><u>Mdsx Avg 1.28 -0.46 8.12 319.70 1.15 -0.41 7.26 285.91</u></div>
<div><u>Hensall 1.32 8.15 321.02 1.17 7.28 286.57</u></div>
<div><u>Bruce 1.30 8.14 320.36 1.15 7.26 285.91</u></div>
<div><u>Putnam 1.30 8.14 320.36 1.15 7.26 285.91</u></div>
<div><u>Burford 1.25 8.09 318.39 1.15 7.26 285.91</u></div>
<div><u>Port Perry 1.20 8.04 316.42 1.15 7.26 285.91</u></div>
<div><u>Norfolk 1.30 8.14 320.36 1.15 7.26 285.91</u></div>
<div><u>Palmerston 1.29 8.13 319.97 1.16 7.27 286.31</u></div>
<div><u>Varna 1.30 8.14 320.36 1.15 7.26 285.91</u></div>
<div><u>Belmore 1.30 8.14 320.36 1.15 7.26 285.91</u></div>
<div><u>Trenton 1.30 8.14 320.36 1.15 7.26 285.91</u></div>
<div><u>Winchester 1.50 8.34 328.23 1.40 7.51 295.75</u></div>
<div><u>North Gower 1.50 8.34 328.23 1.40 7.51 295.75</u></div>
<div><u>Vankleek Hil 1.63 8.47 333.35 1.38 7.49 294.97</u></div>
<div><u>Huron FOB 1.36 1.39 1.45 1.58 8.20 322.72N/A</u></div>
<div><u>Kent FOB 1.45 8.29 326.26 1.25 7.36 289.85</u></div>
<div><u>Lamb FOB 1.45 8.29 326.26 1.30 7.41 291.82</u></div>
<div><u>Mdsx FOB 1.30 1.40 1.50N/A 8.14 320.36 1.28 7.39 291.03</u></div>
<div><u>FOB SW Que 2.40 9.24 363.66N/A</u></div>
<div><u>Track 1.92 8.76 344.77N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A N/A</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 N/A N/A N/A</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 1.55 7.66 301.66</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.75 7.86 309.53</u></div>
<div><u>W O Feed 2.02 8.86 348.78</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.01 8.85 348.31</u></div>
<div><u>Toledo El. -0.19 6.65 261.66 -0.32 5.79 228.11</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 7.26 285.91</u></div>
<div><u>Prescott 2.01 8.85 348.31 1.86 7.97 313.86</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 8.13 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.274 down 0.0031</u></div>
<div><u>Chicago soybeans closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 16.79 1/2 NOV22 HI 14.88</u></div>
<div><u> LOW 16.36 1/2 LOW 14.69 1/4</u></div>
<div><u> CLOSE16.75 Up 40 CLOSE 14.87 1/2 Up 14 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 +MAR22+MAY22+MAY22</u></div>
<div><u>CK Low 3.94 20.69 760.23 3.30 18.18 667.82</u></div>
<div><u>CK High 4.05 20.80 764.27 3.35 18.23 669.65</u></div>
<div><u>CK Average 3.98 -0.48 20.73 761.59 3.34 -0.57 18.22 669.34</u></div>
<div><u>Essex Cty 3.95 20.70 760.59 3.30 18.18 667.82</u></div>
<div><u>Mdsx Low 3.93 20.68 759.86 3.30 18.18 667.82</u></div>
<div><u>Mdsx High 3.95 20.70 760.59 3.35 18.23 669.65</u></div>
<div><u>Mdsx Average3.94 -0.51 20.69 760.35 3.33 -0.58 18.20 668.80</u></div>
<div><u>Hensall 4.00 20.75 762.43 3.35 18.23 669.65</u></div>
<div><u>Bruce 3.95 20.70 760.59 3.35 18.23 669.65</u></div>
<div><u>Putnam 4.00 20.75 762.43 3.35 18.23 669.65</u></div>
<div><u>Burford 4.00 20.75 762.43 3.40 18.28 671.49</u></div>
<div><u>Port Perry 3.89 20.64 758.39 3.29 18.17 667.45</u></div>
<div><u>Norfolk 3.95 20.70 760.59 3.35 18.23 669.65</u></div>
<div><u>Palmerston 4.11 20.86 766.47 3.29 18.17 667.45</u></div>
<div><u>Varna 4.00 20.75 762.43 3.35 18.23 669.65</u></div>
<div><u>Trenton 3.95 20.70 760.59 3.30 18.18 667.82</u></div>
<div><u>Winchester 3.95 20.70 760.59 3.35 18.23 669.65</u></div>
<div><u>North Gower 3.85 20.60 756.92 3.30 18.18 667.82</u></div>
<div><u>Vankleek Hil4.06 20.81 764.64 3.52 18.40 675.90</u></div>
<div><u>Huron FOB 4.04 4.04 4.27 4.33 20.79 763.90 N/A</u></div>
<div><u>Kent FOB 4.10 20.85 766.11 3.35 18.23 669.65</u></div>
<div><u>Lambton FOB 3.85 20.60 756.92 3.40 18.28 671.49</u></div>
<div><u>Mdsx FOB 3.93 3.99 4.30 N/A 20.68 759.86 3.52 18.40 675.90</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.68 21.43 787.42 3.64 18.52 680.31</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.35 21.10 775.29 3.85 18.73 688.03</u></div>
<div><u>Prescott N/A 3.73 18.61 683.62</u></div>
<div><u>Port Colborn4.34 21.09 774.92 3.93 18.81 690.97</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 16.50 606.10 -0.45 14.43 530.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.274 down 0.0031</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>MAR22 HI 8.80 JUL22 HI 8.82 1/2</u></div>
<div><u> LOW 8.34 LOW 8.39</u></div>
<div><u> CLOSE 8.76 Up 31 3/4 CLOSE 8.78 3/4 Up 31 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher to higher.</u></div>
<div><u>MAR22 HI 10.03 3/4 SEP22 HI 9.78 1/2</u></div>
<div><u> LOW 9.76 LOW 9.50 1/2</u></div>
<div><u> CLOSE 10.01 Up 15 1/4 CLOSE 9.75 3/4 Up 19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2021 Harvest 2022</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 1.60 N/A</u></div>
<div><u>London 1.52 1.78 1.40 N/A 2.29 2.03 1.72 N/A</u></div>
<div><u>Hensall 1.30 N/A 1.30 N/A 2.40 N/A 1.60 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.65 N/A</u></div>
<div><u>Bruce 1.25 1.75 1.25 N/A 2.25 1.75 1.55 1.50</u></div>
<div><u>Essex N/A N/A 1.30 N/A N/A N/A 1.60 N/A</u></div>
<div><u>Norwich 1.30 N/A 1.30 N/A 2.40 N/A 1.60 N/A</u></div>
<div><u>Port Hope N/A N/A 1.30 N/A N/A N/A 1.60 N/A</u></div>
<div><u>Kent Bridge 1.30 N/A 1.30 N/A 2.40 N/A 1.60 N/A</u></div>
<div><u>Chatham N/A N/A 1.30 N/A N/A N/A 1.60 N/A</u></div>
<div><u>Brigden N/A N/A 1.30 N/A N/A N/A 1.60 N/A</u></div>
<div><u>Palmerston N/A 2.40 1.57 2.10 N/A N/A 1.72 1.71</u></div>
<div><u>Varna 1.55 2.05 1.30 N/A 2.40 1.90 1.60 N/A</u></div>
<div><u>Mitchell 1.30 1.95 1.30 N/A 2.40 1.80 1.60 N/A</u></div>
<div><u>Thornton 1.52 1.78 1.40 2.37 2.29 2.03 1.72 N/A</u></div>
<div><u>North Gower N/A 0.95 1.30 1.07 N/A N/A 1.51 N/A</u></div>
<div><u>W O Feed 2.33</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.78 N/A N/A N/A 2.30 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.78 N/A N/A N/A 2.53 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 8.61US 10.97CA 8.74US 11.13CA</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 700.09</u></div>
<span><u>DDG's FOB Srn & Aylm 350.00 - 360.00</u></span><br>
</div>
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</u></span></div>
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<span>
<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, "sans-serif";">
<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<o:p style=""> </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
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<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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