FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, February 24

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, February 24 Exchange rate was 1.3284 up 0.0073 Chicago soybeans closed slightly to moderately lower. MAR20 HI 8.88 1/2 NOV20 HI 9.16 LOW 8.70 3/4 LOW 9.01 3/4 CLOSE8.74 1/4 Down 16 1/4 CLOSE 9.05 Down 12 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR2+MAY2+MAY20 CK Low 2.45 11.19 411.252.25 11.30 415.20 CK High 2.50 11.24 413.092.30 11.35 417.04 CK Average 2.49 -0.2911.23 412.542.26 -0.5411.31 415.51 Essex Cty 2.45 11.19 411.252.30 11.35 417.04 Mdsx Low 2.47 11.21 411.992.23 11.28 414.47 Mdsx High 2.50 11.24 413.092.25 11.30 415.20 Mdsx Average 2.49 -0.2911.23 412.542.24 -0.5511.29 414.84 Hensall 2.50 11.24 413.092.25 11.30 415.20 Bruce 2.50 11.24 413.092.25 11.30 415.20 Putnam 2.50 11.24 413.092.25 11.30 415.20 Burford 2.54 11.28 414.562.30 11.35 417.04 Port Perry 2.46 11.20 411.622.22 11.27 414.10 Norfolk 2.45 11.19 411.252.30 11.35 417.04 Palmerston 2.48 11.22 412.362.31 11.36 417.41 Varna 2.50 11.24 413.092.25 11.30 415.20 Trenton 2.50 11.24 413.092.25 11.30 415.20 Winchester 2.50 11.24 413.092.30 11.35 417.04 North Gower 2.42 11.16 410.152.33 11.38 418.14 Huron FOB 2.65 11.39 418.602.35 11.40 418.88 Kent FOB 2.60 11.34 416.772.30 11.35 417.04 Lambton FOB 2.70 11.44 420.442.45 11.50 422.55 Middlesex FOB2.67 2.67 2.56 N/A 11.41 419.342.35 11.40 418.88 PROCESSORS Windsor 3.01 11.75 431.832.51 11.56 424.76 TRANSFER Hamilton 3.00 11.74 431.462.75 11.80 433.58 Prescott N/A 2.45 11.50 422.55 Port Colborne2.68 11.42 419.712.76 11.81 433.94 Toledo El. 0.13 8.88 326.11-0.40 8.65 317.89 Exchange rate was 1.3284 up 0.0073 Chicago wheat closed moderately lower to lower. MAR20 HI 5.50 1/2 JUL20 HI 5.52 LOW 5.34 LOW 5.34 CLOSE 5.36 1/4 Down 14 3/4 CLOSE 5.36 3/4 Down 15 1/4 Minni wheat closed moderately lower to lower. MAR20 HI 5.26 SEP20 HI 5.57 1/4 LOW 5.13 LOW 5.46 1/4 CLOSE 5.14 Down 12 CLOSE 5.46 3/4 Down 9 1/2 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 7.39 7.59 7.39 6.43 CAD $/tonne 271.50 278.82 271.50 236.24 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 1.30 N/A London 1.90 2.30 1.84 N/A 1.44 1.70 1.24 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 2.30 1.83 1.75 N/A 1.66 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 2.07 N/A N/A N/A N/A North Gower N/A 2.00 1.85 1.00 N/A 1.82 1.57 0.95 W O Feed 2.40 TERMINAL Port Colbor N/A N/A 2.23 N/A N/A N/A 1.64 N/A PROCESSORS Toledo FM N/A N/A 2.09 N/A N/A N/A 1.89 N/A Toledo El. 5.51US 7.32CA 5.47US 7.26CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.56 1.83 1.56 1.06 CAD $/bu 6.93 7.20 6.93 6.53 CAD $/tonne 254.65 264.41 254.65 240.00 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 436.52 DDG's FOB Srn & Aylm 230.00 - 235.00