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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 28</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2694 down 0.0031</u></div>
<div><u>Chicago corn closed sharply higher to limit up.</u></div>
<div><u><br>
</u></div>
<div><u> MAY22 HI 6.90 3/4 DEC22 HI 6.13 1/4</u></div>
<div><u> LOW 6.73 1/2 LOW 5.85 1/2</u></div>
<div><u> CLOSE6.90 3/4 Up 35 CLOSE 6.07 1/4 Up 27 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+JUL22+JUL22</u></div>
<div><u>CK Low 1.25 8.16 321.15 1.10 7.17 282.37</u></div>
<div><u>CK High 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>CK Avg 1.29 -0.45 8.20 322.83 1.14 -0.39 7.22 284.06</u></div>
<div><u>Essex Cty 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>Mdsx Low 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>Mdsx High 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>Mdsx Avg 1.30 -0.44 8.21 323.11 1.15 -0.38 7.22 284.34</u></div>
<div><u>Hensall 1.32 8.22 323.77 1.17 7.24 284.99</u></div>
<div><u>Bruce 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>Putnam 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>Burford 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>Port Perry 1.20 8.11 319.18 1.15 7.22 284.34</u></div>
<div><u>Norfolk 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>Palmerston 1.39 8.30 326.66 1.21 7.28 286.70</u></div>
<div><u>Varna 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>Belmore 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>Trenton 1.30 8.21 323.11 1.15 7.22 284.34</u></div>
<div><u>Winchester 1.50 8.41 330.99 1.40 7.47 294.18</u></div>
<div><u>North Gower 1.45 8.36 329.02 1.35 7.42 292.21</u></div>
<div><u>Vankleek Hil 1.74 8.65 340.44 1.23 7.30 287.49</u></div>
<div><u>Huron FOB 1.35 1.45 1.61 1.69 8.26 325.08N/A</u></div>
<div><u>Kent FOB 1.45 8.36 329.02 1.25 7.32 288.27</u></div>
<div><u>Lamb FOB 1.45 8.36 329.02 1.20 7.27 286.31</u></div>
<div><u>Mdsx FOB 1.45 1.55N/A N/A 8.36 329.02 1.25 7.32 288.27</u></div>
<div><u>FOB SW Que 2.17 9.08 357.37N/A</u></div>
<div><u>Track 1.93 8.83 347.72N/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 7.67 302.05</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.80 7.87 309.93</u></div>
<div><u>W O Feed 1.94 8.85 348.41</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.02 8.93 351.46</u></div>
<div><u>Toledo El. -0.28 6.63 260.94 -0.32 5.76 226.57</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 7.22 284.34</u></div>
<div><u>Prescott 2.07 8.98 353.43 1.84 7.91 311.50</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 8.20 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 1.2694 down 0.0031</u></div>
<div><u>Chicago soybeans closed moderately higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY22 HI 16.55 NOV22 HI 14.61 3/4</u></div>
<div><u> LOW 16.13 LOW 14.28 3/4</u></div>
<div><u> CLOSE16.36 3/4 Up 52 1/4 CLOSE 14.35 3/4 Up 20 3/4</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 +MAY22+MAY22+JUL22</u></div>
<div><u>CK Low 3.96 20.33 746.91 3.20 17.56 645.13</u></div>
<div><u>CK High 4.05 20.42 750.21 3.30 17.66 648.80</u></div>
<div><u>CK Average 4.00 -0.32 20.37 748.43 3.26 -0.48 17.61 647.23</u></div>
<div><u>Essex Cty 4.00 20.37 748.38 3.20 17.56 645.13</u></div>
<div><u>Mdsx Low 3.95 20.32 746.54 3.24 17.60 646.60</u></div>
<div><u>Mdsx High 4.00 20.37 748.38 3.35 17.71 650.64</u></div>
<div><u>Mdsx Average3.98 -0.34 20.34 747.46 3.28 -0.46 17.64 648.07</u></div>
<div><u>Hensall 4.00 20.37 748.38 3.25 17.61 646.96</u></div>
<div><u>Bruce 4.00 20.37 748.38 3.25 17.61 646.96</u></div>
<div><u>Putnam 4.00 20.37 748.38 3.25 17.61 646.96</u></div>
<div><u>Burford 4.02 20.39 749.11 3.31 17.67 649.17</u></div>
<div><u>Port Perry 3.91 20.28 745.07 3.20 17.56 645.13</u></div>
<div><u>Norfolk 4.00 20.37 748.38 3.25 17.61 646.96</u></div>
<div><u>Palmerston 4.00 20.37 748.38 3.29 17.65 648.43</u></div>
<div><u>Varna 4.00 20.37 748.38 3.25 17.61 646.96</u></div>
<div><u>Trenton 4.05 20.42 750.21 3.30 17.66 648.80</u></div>
<div><u>Winchester 4.11 20.48 752.42 3.29 17.65 648.43</u></div>
<div><u>North Gower 3.95 20.32 746.54 3.25 17.61 646.96</u></div>
<div><u>Vankleek Hil N/A 3.39 17.75 652.11</u></div>
<div><u>Huron FOB 4.18 4.18 4.19 4.22 20.55 754.99 N/A</u></div>
<div><u>Kent FOB 4.20 20.57 755.73 3.25 17.61 646.96</u></div>
<div><u>Lambton FOB 3.75 20.12 739.19 3.25 17.61 646.96</u></div>
<div><u>Mdsx FOB 3.95 4.27 N/A N/A 20.32 746.54 3.37 17.73 651.37</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.75 21.12 775.94 3.60 17.96 659.83</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.35 20.72 761.24 3.75 18.11 665.34</u></div>
<div><u>Prescott N/A 3.65 18.01 661.66</u></div>
<div><u>Port Colborn4.23 20.60 756.83 3.78 18.14 666.44</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.32 16.05 589.74 -0.44 13.91 511.22</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2694 down 0.0031</u></div>
<div><u>Chicago wheat closed higher to sharply higher.</u></div>
<div><u>MAY22 HI 9.34 3/4 JUL22 HI 9.24 1/2</u></div>
<div><u> LOW 8.85 1/2 LOW 8.79 1/2</u></div>
<div><u> CLOSE 9.34 Up 74 1/4 CLOSE 9.17 Up 67</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed higher.</u></div>
<div><u>MAY22 HI 10.17 3/4 SEP22 HI 9.70</u></div>
<div><u> LOW 9.70 1/4 LOW 9.33 1/4</u></div>
<div><u> CLOSE 9.94 Up 33 3/4 CLOSE 9.56 1/4 Up 34 1/2</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 1.61 1.86 1.16 N/A 2.41 1.97 1.46 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 1.50 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 1.30 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 2.45 1.37 2.08 N/A N/A 1.64 1.64</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 1.61 1.86 1.16 3.11 2.41 1.97 1.46 N/A</u></div>
<div><u>North Gower N/A 0.90 1.25 1.02 N/A N/A 1.43 N/A</u></div>
<div><u>W O Feed 2.43</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.63 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 2.90 N/A N/A N/A 2.60 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 9.24US 11.73CA 9.12US 11.58CA</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 691.05</u></div>
<u><span>DDG's FOB Srn & Aylm 350.00 - 370.00</span><br>
</u></div>
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<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: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>
<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""><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
<o:p> </o:p></span></p>
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