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Note: Several elevators have rolled to the July future for their old crop soybean bids. As a result, our report will now use the July 2023 for old crop beans.</div>
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Thanks</div>
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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, March 20</u>
<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3648 down 0.0057</u></div>
<div class="ContentPasted0"><u>Chicago corn closed slightly lower.</u></div>
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<div class="ContentPasted0"><u>      MAY23   HI 6.34                         DEC23    HI 5.60  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 6.25                                 LOW 5.54  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE6.33   Down 1 1/4                  CLOSE 5.60   Down 1 1/4</u></div>
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<div class="ContentPasted0"><u>            OLD CROP BASIS                          NEW CROP BASIS</u></div>
<div class="ContentPasted0"><u>Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +MAY23+JUL23+JUL23</u></div>
<div class="ContentPasted0"><u>CK Low       1.25                        7.58 298.41  1.30         6.90 271.64</u></div>
<div class="ContentPasted0"><u>CK High      1.35                        7.68 302.35  1.40         7.00 275.58</u></div>
<div class="ContentPasted0"><u>CK Avg       1.34                  -0.71 7.67 301.79  1.35 -0.51   6.95 273.61</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.25                        7.58 298.41  1.30         6.90 271.64</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.35                        7.68 302.35  1.35         6.95 273.61</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.35                        7.68 302.35  1.40         7.00 275.58</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.35                  -0.70 7.68 302.35  1.37 -0.50   6.97 274.27</u></div>
<div class="ContentPasted0"><u>Hensall      1.37                        7.70 303.00  1.37         6.97 274.27</u></div>
<div class="ContentPasted0"><u>Bruce        1.40                        7.73 304.32  1.40         7.00 275.58</u></div>
<div class="ContentPasted0"><u>Putnam       1.35                        7.68 302.35  1.35         6.95 273.61</u></div>
<div class="ContentPasted0"><u>Burford      1.35                        7.68 302.35  1.40         7.00 275.58</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        7.38 290.54  1.10         6.70 263.77</u></div>
<div class="ContentPasted0"><u>Norfolk      1.35                        7.68 302.35  1.35         6.95 273.61</u></div>
<div class="ContentPasted0"><u>Palmerston   1.38                        7.71 303.53N/A</u></div>
<div class="ContentPasted0"><u>Varna        1.35                        7.68 302.35  1.35         6.95 273.61</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        7.63 300.38  1.35         6.95 273.61</u></div>
<div class="ContentPasted0"><u>Trenton      1.20                        7.53 296.44  1.20         6.80 267.70</u></div>
<div class="ContentPasted0"><u>Winchester   1.35                        7.68 302.35  1.40         7.00 275.58</u></div>
<div class="ContentPasted0"><u>North Gower  1.40                        7.73 304.32  1.40         7.00 275.58</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.12                        7.45 293.29  1.25         6.85 269.67</u></div>
<div class="ContentPasted0"><u>Huron FOB    1.35  1.54  1.54N/A         7.68 302.35N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.55                        7.88 310.22  1.40         7.00 275.58</u></div>
<div class="ContentPasted0"><u>Lamb FOB    N/A                                     N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.40N/A   N/A   N/A         7.73 304.32  1.40         7.00 275.58</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.08                        8.41 331.09N/A</u></div>
<div class="ContentPasted0"><u>Track        1.90                        8.23 324.00N/A</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Chat-Eth    N/A  N/A   N/A   N/A                      N/A</u></div>
<div class="ContentPasted0"><u>Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Aylmer-Eth  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Sarn-Eth    N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>London-Ing  N/A  N/A   N/A   N/A                      1.95         7.55 297.23</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>W O Feed     1.90                        8.23 324.00</u></div>
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<div class="ContentPasted0"><u>US Rep       2.45                        8.78 345.65</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.27                        6.06 238.46 -0.41         5.19 204.34</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.70         7.30 287.39</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       2.01         7.61 299.59</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    1.35                        7.68</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3648 down 0.0057</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed mixed.</u></div>
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<div class="ContentPasted0"><u>      JUL23   HI 14.68  1/4              NOV23     HI 13.15  3/4</u></div>
<div class="ContentPasted0"><u>             LOW 14.42  3/4                       LOW 12.96  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE14.66  3/4  Up 5 1/2           CLOSE 13.09   Down 4 1/2</u></div>
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<div class="ContentPasted0"><u>            OLD CROP                                  NEW CROP</u></div>
<div class="ContentPasted0"><u>Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +JUL23+JUL23+JUL23</u></div>
<div class="ContentPasted0"><u>CK Low      4.90                         19.57 718.98  4.10        17.19 631.62</u></div>
<div class="ContentPasted0"><u>CK High     5.00                         19.67 722.66  4.15        17.24 633.46</u></div>
<div class="ContentPasted0"><u>CK Average  4.96                   -0.29 19.63 721.24  4.13 -0.47  17.22 632.88</u></div>
<div class="ContentPasted0"><u>Essex Cty   5.00                         19.67 722.66  4.15        17.24 633.46</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.95                         19.62 720.82  4.10        17.19 631.62</u></div>
<div class="ContentPasted0"><u>Mdsx High   5.00                         19.67 722.66  4.18        17.27 634.56</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.98                   -0.27 19.65 721.92  4.13 -0.47  17.22 632.82</u></div>
<div class="ContentPasted0"><u>Hensall     5.01                         19.68 723.02  4.10        17.19 631.62</u></div>
<div class="ContentPasted0"><u>Bruce       5.05                         19.72 724.49  4.20        17.29 635.30</u></div>
<div class="ContentPasted0"><u>Putnam      4.95                         19.62 720.82  4.10        17.19 631.62</u></div>
<div class="ContentPasted0"><u>Burford     5.05                         19.72 724.49  4.25        17.34 637.14</u></div>
<div class="ContentPasted0"><u>Port Perry  4.89                         19.56 718.62  4.09        17.18 631.26</u></div>
<div class="ContentPasted0"><u>Norfolk     5.00                         19.67 722.66  4.15        17.24 633.46</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A                                       N/A</u></div>
<div class="ContentPasted0"><u>Varna       5.04                         19.71 724.13  4.10        17.19 631.62</u></div>
<div class="ContentPasted0"><u>Trenton     4.95                         19.62 720.82  4.10        17.19 631.62</u></div>
<div class="ContentPasted0"><u>Winchester  5.12                         19.79 727.07  4.11        17.20 631.99</u></div>
<div class="ContentPasted0"><u>North Gower 5.29                         19.96 733.31  4.15        17.24 633.46</u></div>
<div class="ContentPasted0"><u>Vankleek Hil5.16                         19.83 728.54  4.06        17.15 630.15</u></div>
<div class="ContentPasted0"><u>Huron FOB   5.04  5.14  5.19  N/A        19.71 724.13  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    5.25                         19.92 731.84  4.15        17.24 633.46</u></div>
<div class="ContentPasted0"><u>Lambton FOB 5.17                         19.84 728.90  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    5.31  N/A   N/A   N/A        19.98 734.05  4.31        17.40 639.34</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.69                         20.36 748.01  4.77        17.86 656.24</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.50                         20.17 741.03  4.85        17.94 659.18</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       4.69        17.78 653.30</u></div>
<div class="ContentPasted0"><u>Port Colborn5.39                         20.06 736.99  4.79        17.88 656.98</u></div>
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<div class="ContentPasted0"><u>Toledo El.  0.08                         14.75 541.95 -0.61        12.48 458.41</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3648 down 0.0057</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div class="ContentPasted0"><u>MAY23      HI     7.08  1/2            JUL23   HI      7.18  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    6.95  1/4                    LOW     7.03  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.00  3/4  Down 9 3/4        CLOSE   7.08  1/2  Down 11</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>MAY23      HI     8.59  3/4            SEP23   HI      8.54  1/2</u></div>
<div class="ContentPasted0"><u>           LOW       8.48                      LOW     8.43  3/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  8.51  1/2  Down 9 1/4        CLOSE   8.45  1/2  Down 9 1/2</u></div>
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<div class="ContentPasted0"><u>Direct MarkHarvest 2022                Harvest 2023</u></div>
<div class="ContentPasted0"><u>           DELIVERED BASIS             DELIVERED BASIS</u></div>
<div class="ContentPasted0"><u>Location   SWW(C) HRW(C) SRW(C) HRS(M) SWW(C)  HRW(C)  SRW(C) HRS(M)</u></div>
<div class="ContentPasted0"><u>ELEVATORS</u></div>
<div class="ContentPasted0"><u>Brgssvll     N/A    N/A   1.50    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>London      2.53   2.05   1.43    N/A    2.77    1.88   1.26    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     4.20    N/A   1.50    N/A    2.90    N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>Bruce       2.50   2.00   1.50   1.15    2.30    1.80   1.30   1.15</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   1.45    N/A    N/A     N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     4.20    N/A   1.50    N/A    2.90    N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Belmore     2.50   1.75   1.50   1.15    2.00    1.90   1.30    N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 4.20    N/A   1.50    N/A    2.90    N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   1.45    N/A    N/A     N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.45    N/A    N/A     N/A    1.35    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   1.84   1.29    N/A    N/A     N/A     N/A    N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.10   2.15   1.50    N/A    2.80    1.90   1.30    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    4.20    N/A   1.50    N/A    2.90    1.95   1.30    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    2.53   2.05   1.43   1.84    2.77    1.88   1.26    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   1.40   1.70   1.92    N/A     1.10   1.40   1.52</u></div>
<div class="ContentPasted0"><u>W O Feed                  2.22</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   2.25    N/A    N/A     N/A    1.94    N/A</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Toledo FM    N/A    N/A    N/A    N/A    N/A     N/A    2.31    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 6.66US        9.09CA         6.84US         9.33CA</u></div>
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<div class="ContentPasted0"><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div class="ContentPasted0"><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
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<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0"><u>FOB Hm Soymeal            756.97</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            365.00</u></div>
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