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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 24</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2814 up 0.0074</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 7.18 3/4 DEC22 HI 6.46 1/4</u></div>
<div><u> LOW 6.82 LOW 5.97 1/4</u></div>
<div><u> CLOSE6.95 Up 11 1/4 CLOSE 6.04 3/4 Down 6 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 8.20 322.82 1.10 7.15 281.38</u></div>
<div><u>CK High 1.30 8.25 324.79 1.15 7.20 283.35</u></div>
<div><u>CK Avg 1.29 -0.52 8.24 324.23 1.14 -0.44 7.19 283.07</u></div>
<div><u>Essex Cty 1.30 8.25 324.79 1.15 7.20 283.35</u></div>
<div><u>Mdsx Low 1.25 8.20 322.82 1.15 7.20 283.35</u></div>
<div><u>Mdsx High 1.30 8.25 324.79 1.15 7.20 283.35</u></div>
<div><u>Mdsx Avg 1.28 -0.52 8.23 324.13 1.15 -0.43 7.20 283.35</u></div>
<div><u>Hensall 1.32 8.27 325.44 1.17 7.21 284.01</u></div>
<div><u>Bruce 1.30 8.25 324.79 1.15 7.20 283.35</u></div>
<div><u>Putnam 1.30 8.25 324.79 1.15 7.20 283.35</u></div>
<div><u>Burford 1.25 8.20 322.82 1.15 7.20 283.35</u></div>
<div><u>Port Perry 1.20 8.15 320.85 1.15 7.20 283.35</u></div>
<div><u>Norfolk 1.30 8.25 324.79 1.15 7.20 283.35</u></div>
<div><u>Palmerston 1.19 8.14 320.46 1.08 7.13 280.60</u></div>
<div><u>Varna 1.30 8.25 324.79 1.15 7.20 283.35</u></div>
<div><u>Belmore 1.30 8.25 324.79 1.15 7.20 283.35</u></div>
<div><u>Trenton 1.30 8.25 324.79 1.15 7.20 283.35</u></div>
<div><u>Winchester 1.50 8.45 332.66 1.40 7.45 293.20</u></div>
<div><u>North Gower 1.50 8.45 332.66 1.40 7.45 293.20</u></div>
<div><u>Vankleek Hil 1.88 8.83 347.62 1.37 7.42 292.01</u></div>
<div><u>Huron FOB 1.40 1.42 1.53 1.66 8.35 328.72N/A</u></div>
<div><u>Kent FOB 1.45 8.40 330.69 1.25 7.30 287.29</u></div>
<div><u>Lamb FOB 1.50 8.45 332.66 1.30 7.35 289.26</u></div>
<div><u>Mdsx FOB 1.30 1.40 1.50N/A 8.25 324.79 1.28 7.33 288.47</u></div>
<div><u>FOB SW Que 2.21 9.16 360.61N/A</u></div>
<div><u>Track 2.05 9.00 354.12N/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 1.60 7.65 301.07</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.80 7.85 308.94</u></div>
<div><u>W O Feed 2.10 9.05 356.38</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.12 9.07 357.07</u></div>
<div><u>Toledo El. -0.19 6.76 266.04 -0.32 5.73 225.47</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 7.20 283.35</u></div>
<div><u>Prescott 2.28 9.23 363.37 1.95 8.00 314.85</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 8.25</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2814 up 0.0074</u></div>
<div><u>Chicago soybeans closed slightly lower to lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 17.65 NOV22 HI 15.55</u></div>
<div><u> LOW 16.56 LOW 14.45 1/4</u></div>
<div><u> CLOSE16.61 1/2 Down 13 1/2 CLOSE 14.51 1/2 Down 36</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 4.03 20.65 758.57 3.43 17.95 659.37</u></div>
<div><u>CK High 4.35 20.97 770.33 3.50 18.02 661.94</u></div>
<div><u>CK Average 4.15 -0.41 20.76 762.93 3.47 -0.48 17.98 660.78</u></div>
<div><u>Essex Cty 4.20 20.82 764.82 3.45 17.97 660.10</u></div>
<div><u>Mdsx Low 4.00 20.62 757.47 3.35 17.87 656.43</u></div>
<div><u>Mdsx High 4.20 20.82 764.82 3.50 18.02 661.94</u></div>
<div><u>Mdsx Average4.07 -0.47 20.69 760.17 3.42 -0.52 17.94 659.12</u></div>
<div><u>Hensall 4.01 20.63 757.84 3.38 17.90 657.65</u></div>
<div><u>Bruce 3.95 20.57 755.63 3.35 17.87 656.43</u></div>
<div><u>Putnam 4.03 20.65 758.57 3.45 17.97 660.10</u></div>
<div><u>Burford 4.09 20.71 760.78 3.49 18.01 661.57</u></div>
<div><u>Port Perry 3.98 20.60 756.74 3.38 17.90 657.53</u></div>
<div><u>Norfolk 4.20 20.82 764.82 3.50 18.02 661.94</u></div>
<div><u>Palmerston 3.86 20.48 752.33 3.14 17.66 648.71</u></div>
<div><u>Varna 4.00 20.62 757.47 3.35 17.87 656.43</u></div>
<div><u>Trenton 4.15 20.77 762.98 3.45 17.97 660.10</u></div>
<div><u>Winchester 4.36 20.98 770.70 3.52 18.04 662.67</u></div>
<div><u>North Gower 3.85 20.47 751.96 3.30 17.82 654.59</u></div>
<div><u>Vankleek Hil4.51 21.13 776.21 3.50 18.02 661.94</u></div>
<div><u>Huron FOB 4.09 4.09 4.18 4.24 20.71 760.78 N/A</u></div>
<div><u>Kent FOB 4.35 20.97 770.33 3.50 18.02 661.94</u></div>
<div><u>Lambton FOB 4.10 20.72 761.15 3.60 18.12 665.61</u></div>
<div><u>Mdsx FOB 4.15 4.28 4.55 N/A 20.77 762.98 3.61 18.13 665.98</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.00 21.62 794.22 3.77 18.29 671.86</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.60 21.22 779.52 4.00 18.52 680.31</u></div>
<div><u>Prescott N/A 3.95 18.47 678.47</u></div>
<div><u>Port Colborn4.56 21.18 778.05 4.02 18.54 681.04</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 16.36 601.08 -0.45 14.07 516.86</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2814 up 0.0074</u></div>
<div><u>Chicago wheat closed mixed.</u></div>
<div><u>MAR22 HI 9.26 JUL22 HI 9.28 3/4</u></div>
<div><u> LOW 8.77 1/4 LOW 8.79 1/2</u></div>
<div><u> CLOSE 9.26 Up 50 CLOSE 9.25 Up 46 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher to higher.</u></div>
<div><u>MAR22 HI 11.00 SEP22 HI 10.35 3/4</u></div>
<div><u> LOW 9.97 1/2 LOW 9.64 1/2</u></div>
<div><u> CLOSE 10.30 Up 29 CLOSE 9.81 3/4 Up 6</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 1.83 2.09 1.64 N/A 2.58 2.33 1.88 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 1.75 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 1.65 N/A N/A N/A 1.80 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 2.62 1.34 2.25 N/A N/A 1.64 1.81</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 1.83 2.09 1.64 2.91 2.58 2.33 1.88 N/A</u></div>
<div><u>North Gower N/A 0.95 1.30 1.07 N/A N/A 1.44 N/A</u></div>
<div><u>W O Feed 2.55</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.94 N/A N/A N/A 2.55 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.99 N/A N/A N/A 2.73 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 9.11US 11.67CA 9.20US 11.79CA</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 702.07</u></div>
<span><u>DDG's FOB Srn & Aylm 350.00 - 360.00</u></span><br>
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<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
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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