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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 25</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2725 down 0.0089</u></div>
<div><u>Chicago corn closed sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 7.07 DEC22 HI 6.12</u></div>
<div><u> LOW 6.57 LOW 5.77 1/4</u></div>
<div><u> CLOSE6.59 1/2 Down 35 1/2 CLOSE 5.79 3/4 Down 25</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 1.21 7.81 307.27 1.10 6.90 271.54</u></div>
<div><u>CK High 1.31 7.91 311.21 1.15 6.95 273.51</u></div>
<div><u>CK Avg 1.28 -0.41 7.88 310.08 1.14 -0.34 6.94 273.23</u></div>
<div><u>Essex Cty 1.31 7.91 311.21 1.15 6.95 273.51</u></div>
<div><u>Mdsx Low 1.25 7.85 308.84 1.15 6.95 273.51</u></div>
<div><u>Mdsx High 1.31 7.91 311.21 1.15 6.95 273.51</u></div>
<div><u>Mdsx Avg 1.29 -0.40 7.88 310.29 1.15 -0.34 6.95 273.51</u></div>
<div><u>Hensall 1.29 7.89 310.42 1.17 6.96 274.17</u></div>
<div><u>Bruce 1.30 7.90 310.81 1.15 6.95 273.51</u></div>
<div><u>Putnam 1.30 7.90 310.81 1.15 6.95 273.51</u></div>
<div><u>Burford 1.25 7.85 308.84 1.15 6.95 273.51</u></div>
<div><u>Port Perry 1.20 7.80 306.88 1.15 6.95 273.51</u></div>
<div><u>Norfolk 1.31 7.91 311.21 1.15 6.95 273.51</u></div>
<div><u>Palmerston 1.23 7.83 308.06 1.15 6.95 273.51</u></div>
<div><u>Varna 1.30 7.90 310.81 1.15 6.95 273.51</u></div>
<div><u>Belmore 1.30 7.90 310.81 1.15 6.95 273.51</u></div>
<div><u>Trenton 1.26 7.86 309.24 1.15 6.95 273.51</u></div>
<div><u>Winchester 1.46 8.06 317.11 1.40 7.20 283.35</u></div>
<div><u>North Gower 1.50 8.10 318.69 1.40 7.20 283.35</u></div>
<div><u>Vankleek Hil 1.74 8.34 328.13 1.24 7.04 277.05</u></div>
<div><u>Huron FOB 1.35 1.39 1.44 1.60 7.95 312.78N/A</u></div>
<div><u>Kent FOB 1.45 8.05 316.72 1.25 7.05 277.45</u></div>
<div><u>Lamb FOB 1.50 8.10 318.69 1.30 7.10 279.42</u></div>
<div><u>Mdsx FOB 1.30 1.40 1.50N/A 7.90 310.81 1.28 7.08 278.63</u></div>
<div><u>FOB SW Que 2.05 8.65 340.34N/A</u></div>
<div><u>Track 1.88 8.47 333.45N/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 7.40 291.23</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.80 7.60 299.10</u></div>
<div><u>W O Feed 1.93 8.52 335.52</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.97 8.57 337.19</u></div>
<div><u>Toledo El. -0.33 6.26 246.61 -0.32 5.48 215.72</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.95 273.51</u></div>
<div><u>Prescott 2.12 8.72 343.09 1.82 7.62 299.89</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.31 7.90 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 1.2725 down 0.0089</u></div>
<div><u>Chicago soybeans closed moderately to sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY22 HI 16.70 NOV22 HI 14.80</u></div>
<div><u> LOW 15.79 LOW 14.03</u></div>
<div><u> CLOSE15.84 1/2 Down 69 1/2 CLOSE 14.15 Down 36 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 +MAY22+MAY22+MAY22</u></div>
<div><u>CK Low 4.00 19.85 729.18 3.20 17.35 637.50</u></div>
<div><u>CK High 4.10 19.95 732.85 3.40 17.55 644.85</u></div>
<div><u>CK Average 4.06 -0.20 19.91 731.38 3.29 -0.44 17.44 640.65</u></div>
<div><u>Essex Cty 4.00 19.85 729.18 3.20 17.35 637.50</u></div>
<div><u>Mdsx Low 4.00 19.85 729.18 3.24 17.39 638.97</u></div>
<div><u>Mdsx High 4.10 19.95 732.85 3.35 17.50 643.01</u></div>
<div><u>Mdsx Average4.04 -0.22 19.88 730.53 3.28 -0.45 17.43 640.44</u></div>
<div><u>Hensall 4.10 19.95 732.85 3.33 17.48 642.40</u></div>
<div><u>Bruce 4.01 19.86 729.55 3.30 17.45 641.18</u></div>
<div><u>Putnam 4.10 19.95 732.85 3.30 17.45 641.18</u></div>
<div><u>Burford 4.08 19.93 732.12 3.31 17.46 641.55</u></div>
<div><u>Port Perry 3.97 19.82 728.08 3.20 17.35 637.50</u></div>
<div><u>Norfolk 4.00 19.85 729.18 3.25 17.40 639.34</u></div>
<div><u>Palmerston 3.92 19.77 726.24 3.24 17.39 638.97</u></div>
<div><u>Varna 4.06 19.91 731.38 3.35 17.50 643.01</u></div>
<div><u>Trenton 4.05 19.90 731.02 3.30 17.45 641.18</u></div>
<div><u>Winchester 4.11 19.96 733.22 3.29 17.44 640.81</u></div>
<div><u>North Gower 3.91 19.76 725.87 3.30 17.45 641.18</u></div>
<div><u>Vankleek Hil4.29 20.14 739.83 3.25 17.40 639.34</u></div>
<div><u>Huron FOB 3.79 3.79 3.90 3.96 19.64 721.46 N/A</u></div>
<div><u>Kent FOB 4.10 19.95 732.85 3.25 17.40 639.34</u></div>
<div><u>Lambton FOB 4.16 20.01 735.06 3.60 17.75 652.20</u></div>
<div><u>Mdsx FOB 3.88 4.01 4.32 N/A 19.73 724.77 3.43 17.58 645.95</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.68 20.53 754.16 3.48 17.63 647.79</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.35 20.20 742.04 3.75 17.90 657.71</u></div>
<div><u>Prescott N/A 3.70 17.85 655.88</u></div>
<div><u>Port Colborn4.29 20.14 739.83 3.84 17.99 661.02</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.32 15.53 570.51 -0.45 13.70 503.56</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2725 down 0.0089</u></div>
<div><u>Chicago wheat closed lower to sharply lower.</u></div>
<div><u>MAR22 HI 9.51 1/4 JUL22 HI 9.42 3/4</u></div>
<div><u> LOW 8.41 1/2 LOW 8.50</u></div>
<div><u> CLOSE 8.43 Down 83 CLOSE 8.50 Down 75</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed sharply lower.</u></div>
<div><u>MAR22 HI 10.34 SEP22 HI 9.84 1/2</u></div>
<div><u> LOW 9.43 LOW 9.21 3/4</u></div>
<div><u> CLOSE 9.52 1/4 Down 77 3/4 CLOSE 9.21 3/4 Down 60</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 1.67 1.93 1.22 N/A 2.46 2.01 1.50 N/A</u></div>
<div><u>Hensall 1.47 N/A 1.47 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 1.50 N/A</u></div>
<div><u>Bruce 1.30 1.80 1.30 N/A 2.40 1.80 1.60 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 1.47 N/A 1.47 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 1.47 N/A 1.47 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 2.32 1.24 1.96 N/A N/A 1.50 1.57</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 1.47 2.12 1.47 N/A 2.40 1.80 1.60 N/A</u></div>
<div><u>Thornton 1.67 1.93 1.22 2.69 2.46 2.01 1.50 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 2.29</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 2.00 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.68 N/A N/A N/A 2.44 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 8.28US 10.54CA 8.45US 10.75CA</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 683.78</u></div>
<span><u>DDG's FOB Srn & Aylm 350.00 - 360.00</u></span><br>
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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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