FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 21

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 21 Exchange rate was 1.3211 down 0.0044 Chicago soybeans closed slightly lower to steady. MAR20 HI 9.02 NOV20 HI 9.24 1/2 LOW 8.87 1/2 LOW 9.15 3/4 CLOSE8.90 1/2 Down 2 1/4 CLOSE 9.17 1/2 Unchanged OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR2+MAY2+MAY20 CK Low 2.50 11.41 419.062.25 11.43 419.80 CK High 2.50 11.41 419.062.27 11.45 420.53 CK Average 2.50 -0.2711.41 419.062.25 -0.5211.43 419.92 Essex Cty 2.50 11.41 419.062.25 11.43 419.80 Mdsx Low 2.50 11.41 419.062.25 11.43 419.80 Mdsx High 2.51 11.42 419.432.25 11.43 419.80 Mdsx Average 2.51 -0.2711.41 419.252.25 -0.5311.43 419.80 Hensall 2.50 11.41 419.062.25 11.43 419.80 Bruce 2.50 11.41 419.062.25 11.43 419.80 Putnam 2.50 11.41 419.062.25 11.43 419.80 Burford 2.58 11.49 422.002.32 11.50 422.37 Port Perry 2.50 11.41 419.062.24 11.42 419.43 Norfolk 2.50 11.41 419.062.25 11.43 419.80 Palmerston 2.46 11.37 417.592.30 11.48 421.63 Varna 2.50 11.41 419.062.25 11.43 419.80 Trenton 2.45 11.36 417.222.25 11.43 419.80 Winchester 2.45 11.36 417.222.30 11.48 421.63 North Gower 2.42 11.33 416.122.33 11.51 422.74 Huron FOB 2.65 11.56 424.572.35 11.53 423.47 Kent FOB 2.65 11.56 424.572.25 11.43 419.80 Lambton FOB 2.70 11.61 426.412.45 11.63 427.15 Middlesex FOB2.71 2.71 2.59 N/A 11.62 426.782.37 11.55 424.21 PROCESSORS Windsor 2.99 11.90 437.072.48 11.66 428.25 TRANSFER Hamilton 3.05 11.96 439.272.70 11.88 436.33 Prescott N/A 2.55 11.73 430.82 Port Colborne2.72 11.63 427.152.78 11.96 439.27 Toledo El. 0.13 9.04 332.06-0.40 8.78 322.56 Exchange rate was 1.3211 down 0.0044 Chicago wheat closed moderately lower. MAR20 HI 5.69 JUL20 HI 5.67 LOW 5.50 1/2 LOW 5.51 1/4 CLOSE 5.51 Down 9 CLOSE 5.52 Down 6 3/4 Minni wheat closed slightly lower. MAR20 HI 5.35 3/4 SEP20 HI 5.63 1/2 LOW 5.25 LOW 5.55 1/2 CLOSE 5.26 Down 3 1/2 CLOSE 5.56 1/4 Down 2 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.03 2.23 2.03 1.29 CAD $/bu 7.54 7.74 7.54 6.55 CAD $/tonne 277.17 284.45 277.17 240.77 Direct MarkHarvest 2019 Harvest 2020 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A N/A N/A N/A N/A 1.25 N/A London 1.96 2.36 1.90 N/A 1.50 1.76 1.30 N/A Hensall 1.90 N/A 1.90 N/A 1.50 N/A 1.30 N/A Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A Bruce 1.95 2.15 1.95 1.90 1.50 1.70 1.30 1.30 Essex N/A N/A 1.90 N/A N/A N/A 1.30 N/A Norwich 1.90 N/A 1.90 N/A 1.50 N/A 1.30 N/A Port Hope N/A N/A 1.80 N/A N/A N/A 1.30 N/A Kent Bridge 1.90 N/A 1.90 N/A 1.50 N/A 1.30 N/A Chatham N/A N/A 1.90 N/A N/A N/A 1.30 N/A Brigden N/A N/A 1.90 N/A N/A N/A 1.30 N/A Palmerston N/A N/A 1.83 1.75 N/A N/A 1.26 1.19 Varna 2.00 2.15 1.90 N/A 1.50 1.70 1.30 N/A Mitchell 1.90 2.15 1.90 N/A 1.50 1.65 1.30 N/A Thornton N/A N/A N/A 2.16 N/A N/A N/A N/A North Gower N/A 2.00 1.85 1.00 N/A 1.81 1.56 0.95 W O Feed 2.42 TERMINAL Port Colbor N/A N/A 2.30 N/A N/A N/A 1.70 N/A PROCESSORS Toledo FM N/A N/A 2.10 N/A N/A N/A 1.90 N/A Toledo El. 5.66US 7.48CA 5.62US 7.42CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.57 1.84 1.57 1.06 CAD $/bu 7.09 7.36 7.09 6.62 CAD $/tonne 260.62 270.32 260.62 243.27 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 439.61 DDG's FOB Srn & Aylm 230.00 - 235.00