FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 28

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 28 Exchange rate was 1.3408 up 0.0047 Chicago soybeans closed slightly lower. MAY20 HI 8.95 1/2 NOV20 HI 9.13 1/4 LOW 8.79 3/4 LOW 9.00 1/4 CLOSE8.92 3/4 Down 2 1/4 CLOSE 9.08 1/4 Down 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAY2+MAY2+JUL20 CK Low 2.41 11.34 416.582.25 11.33 416.40 CK High 2.60 11.53 423.562.40 11.48 421.91 CK Average 2.53 -0.3811.46 420.992.35 -0.5611.43 420.07 Essex Cty 2.55 11.48 421.732.40 11.48 421.91 Mdsx Low 2.53 11.46 420.992.38 11.46 421.17 Mdsx High 2.60 11.53 423.562.40 11.48 421.91 Mdsx Average 2.57 -0.3611.49 422.282.39 -0.5311.47 421.54 Hensall 2.60 11.53 423.562.40 11.48 421.91 Bruce 2.50 11.43 419.892.25 11.33 416.40 Putnam 2.60 11.53 423.562.40 11.48 421.91 Burford 2.60 11.53 423.562.45 11.53 423.75 Port Perry 2.52 11.45 420.622.37 11.45 420.81 Norfolk 2.55 11.48 421.732.40 11.48 421.91 Palmerston 2.54 11.47 421.362.39 11.47 421.54 Varna 2.60 11.53 423.562.40 11.48 421.91 Trenton 2.45 11.38 418.052.30 11.38 418.24 Winchester 2.31 11.24 412.912.30 11.38 418.24 North Gower 2.48 11.41 419.152.36 11.44 420.44 Huron FOB 2.75 11.68 429.072.50 11.58 425.58 Kent FOB 2.75 11.68 429.072.40 11.48 421.91 Lambton FOB 2.80 11.73 430.912.55 11.63 427.42 Middlesex FOB2.86 2.85 N/A N/A 11.79 433.122.50 11.58 425.58 PROCESSORS Windsor 3.15 12.08 443.772.63 11.71 430.36 TRANSFER Hamilton 3.10 12.03 441.932.90 11.98 440.28 Prescott N/A 2.45 11.53 423.75 Port Colborne3.06 11.99 440.472.91 11.99 440.65 Toledo El. 0.04 8.97 329.51-0.40 8.68 318.95 Exchange rate was 1.3408 up 0.0047 Chicago wheat closed slightly lower. MAY20 HI 5.26 1/2 JUL20 HI 5.27 LOW 5.12 1/2 LOW 5.14 CLOSE 5.25 Down 2 1/2 CLOSE 5.26 1/4 Down 2 3/4 Minni wheat closed slightly higher. MAY20 HI 5.29 1/4 SEP20 HI 5.47 1/2 LOW 5.15 1/2 LOW 5.34 3/4 CLOSE 5.27 1/2 Up 3 1/2 CLOSE 5.46 1/4 Up 3 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.06 2.26 2.06 1.40 CAD $/bu 7.31 7.51 7.31 6.67 CAD $/tonne 268.49 275.88 268.49 245.09 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 1.94 2.20 1.80 N/A 1.47 1.74 1.27 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 1.90 2.10 1.90 1.85 1.45 1.65 1.25 1.25 Essex N/A N/A 1.85 N/A N/A N/A 1.25 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 1.85 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 1.85 N/A N/A N/A 1.25 N/A Brigden N/A N/A 1.85 N/A N/A N/A 1.25 N/A Palmerston N/A 2.39 1.92 1.67 N/A 1.69 1.29 1.26 Varna 1.95 2.10 1.85 N/A 1.45 1.65 1.25 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 1.86 N/A N/A N/A N/A North Gower N/A 2.02 1.87 0.95 N/A 1.82 1.57 0.95 W O Feed 2.46 TERMINAL Port Colbor N/A N/A 2.27 N/A N/A N/A 1.67 N/A PROCESSORS Toledo FM N/A N/A 2.12 N/A N/A N/A 1.93 N/A Toledo El. 5.40US 7.24CA 5.36US 7.19CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.59 1.86 1.59 1.12 CAD $/bu 6.85 7.12 6.85 6.59 CAD $/tonne 251.86 261.72 251.86 242.01 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 469.15 DDG's FOB Srn & Aylm 230.00 - 235.00