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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 22</u>
<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3669 down 0.0037</u></div>
<div class="ContentPasted0"><u>Chicago corn closed mixed.</u></div>
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<div class="ContentPasted0"><u>      MAY23   HI 6.36                         DEC23    HI 5.58</u></div>
<div class="ContentPasted0"><u>             LOW 6.23  1/4                            LOW 5.47  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE6.33  1/2  Up 3 1/2                CLOSE 5.54  1/2  Down 2 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       1.30                        7.64 300.58  1.30         6.85 269.48</u></div>
<div class="ContentPasted0"><u>CK High      1.40                        7.74 304.51  1.35         6.90 271.44</u></div>
<div class="ContentPasted0"><u>CK Avg       1.36                  -0.71 7.69 302.83  1.34 -0.51   6.89 271.16</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.30                        7.64 300.58  1.30         6.85 269.48</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.35                        7.69 302.55  1.35         6.90 271.44</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        7.74 304.51  1.35         6.90 271.44</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.37                  -0.70 7.70 303.20  1.35 -0.50   6.90 271.44</u></div>
<div class="ContentPasted0"><u>Hensall      1.37                        7.70 303.20  1.37         6.91 272.10</u></div>
<div class="ContentPasted0"><u>Bruce        1.35                        7.69 302.55  1.40         6.95 273.41</u></div>
<div class="ContentPasted0"><u>Putnam       1.35                        7.69 302.55  1.35         6.90 271.44</u></div>
<div class="ContentPasted0"><u>Burford      1.35                        7.69 302.55  1.35         6.90 271.44</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        7.39 290.73  1.10         6.65 261.60</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        7.74 304.51  1.35         6.90 271.44</u></div>
<div class="ContentPasted0"><u>Palmerston   1.38                        7.72 303.73N/A</u></div>
<div class="ContentPasted0"><u>Varna        1.35                        7.69 302.55  1.35         6.90 271.44</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        7.64 300.58  1.35         6.90 271.44</u></div>
<div class="ContentPasted0"><u>Trenton      1.25                        7.59 298.61  1.25         6.80 267.51</u></div>
<div class="ContentPasted0"><u>Winchester   1.35                        7.69 302.55  1.40         6.95 273.41</u></div>
<div class="ContentPasted0"><u>North Gower  1.40                        7.74 304.51  1.40         6.95 273.41</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.07                        7.41 291.52  1.23         6.78 266.72</u></div>
<div class="ContentPasted0"><u>Huron FOB   N/A  N/A     1.49  1.53                 N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.60                        7.94 312.39  1.40         6.95 273.41</u></div>
<div class="ContentPasted0"><u>Lamb FOB    N/A                                     N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.35N/A   N/A   N/A         7.69 302.55  1.40         6.95 273.41</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.80                        9.14 359.63N/A</u></div>
<div class="ContentPasted0"><u>Track        1.92                        8.26 325.12N/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                      2.10         7.65 300.97</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     1.92                        8.26 325.12</u></div>
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<div class="ContentPasted0"><u>US Rep       2.41                        8.75 344.28</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.27                        6.06 238.64 -0.41         5.13 202.15</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.70         7.25 285.22</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.96         7.51 295.46</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    1.40                        7.73 1/2</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3669 down 0.0037</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed moderately lower.</u></div>
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<div class="ContentPasted0"><u>      JUL23   HI 14.52  1/2              NOV23     HI 12.99</u></div>
<div class="ContentPasted0"><u>             LOW 14.22  1/2                       LOW 12.70  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE14.25   Down 23 1/2            CLOSE 12.72  1/2  Down 23 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      4.87                         19.12 702.54  4.00        16.73 614.54</u></div>
<div class="ContentPasted0"><u>CK High     4.95                         19.20 705.48  4.10        16.83 618.21</u></div>
<div class="ContentPasted0"><u>CK Average  4.92                   -0.22 19.17 704.53  4.07 -0.44  16.80 617.11</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.95                         19.20 705.48  4.10        16.83 618.21</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.90                         19.15 703.64  4.00        16.73 614.54</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.98                         19.23 706.58  4.13        16.86 619.32</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.95                   -0.21 19.20 705.30  4.08 -0.43  16.81 617.57</u></div>
<div class="ContentPasted0"><u>Hensall     4.93                         19.18 704.87  4.07        16.79 616.99</u></div>
<div class="ContentPasted0"><u>Bruce       4.95                         19.20 705.48  4.10        16.83 618.21</u></div>
<div class="ContentPasted0"><u>Putnam      4.90                         19.15 703.64  4.00        16.73 614.54</u></div>
<div class="ContentPasted0"><u>Burford     4.98                         19.23 706.58  4.20        16.93 621.89</u></div>
<div class="ContentPasted0"><u>Port Perry  4.82                         19.07 700.70  4.04        16.77 616.01</u></div>
<div class="ContentPasted0"><u>Norfolk     4.95                         19.20 705.48  4.10        16.83 618.21</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A                                       N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.95                         19.20 705.48  4.10        16.83 618.21</u></div>
<div class="ContentPasted0"><u>Trenton     4.95                         19.20 705.48  4.10        16.83 618.21</u></div>
<div class="ContentPasted0"><u>Winchester  4.90                         19.15 703.64  4.00        16.73 614.54</u></div>
<div class="ContentPasted0"><u>North Gower 5.20                         19.45 714.67  4.15        16.88 620.05</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.89                         19.14 703.27  3.94        16.67 612.33</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.95  5.05  5.18  N/A        19.20 705.48  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    5.25                         19.50 716.50  4.15        16.88 620.05</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.98                         19.23 706.58  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    5.10  N/A   N/A   N/A        19.35 710.99  4.25        16.98 623.72</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.69                         19.94 732.67  4.77        17.50 642.83</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.45                         19.70 723.85  4.80        17.53 643.93</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       4.70        17.43 640.26</u></div>
<div class="ContentPasted0"><u>Port Colborn5.18                         19.43 713.93  4.74        17.47 641.73</u></div>
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<div class="ContentPasted0"><u>Toledo El.  -0.18                        14.07 517.07 -0.62        12.11 444.96</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3669 down 0.0037</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed moderately lower.</u></div>
<div class="ContentPasted0"><u>MAY23      HI     6.84                 JUL23   HI      6.93  1/2</u></div>
<div class="ContentPasted0"><u>           LOW    6.54                         LOW        6.65</u></div>
<div class="ContentPasted0"><u>           CLOSE  6.63  1/2  Down 19 3/4       CLOSE   6.73  3/4  Down 18 3/4</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly to moderately lower.</u></div>
<div class="ContentPasted0"><u>MAY23      HI        8.46              SEP23   HI         8.38</u></div>
<div class="ContentPasted0"><u>           LOW       8.27                      LOW     8.21  1/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  8.33  3/4  Down 12           CLOSE   8.30  1/4  Down 9</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      1.91   1.91   1.30    N/A    1.75    1.75   1.13    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    1.30    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    1.30    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    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.45    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   1.69   1.14    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    2.39   1.91   1.30   1.78    2.64    1.75   1.13    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                  2.17</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   2.11    N/A    N/A     N/A    1.81    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    2.20    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 6.29US        8.59CA         6.49US         8.87CA</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            744.73</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            370.00</u></div>
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<span style="font-size:10.0pt;font-family:"Courier New"" class="ContentPasted1">Blair Andrews<o:p class="ContentPasted1"> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"" class="ContentPasted1">Editor, AgriLink and Farm Market News
<o:p class="ContentPasted1"> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"" class="ContentPasted1">University of Guelph, Ridgetown Campus<o:p class="ContentPasted1"> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"" class="ContentPasted1">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes" class="ContentPasted1"> 
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<span style="font-size:10.0pt;font-family:"Courier New"" class="ContentPasted1">Tel. 519-674-1500 x 63577
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