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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, February 28
Exchange rate was 1.3576 up 0.0046
Chicago soybeans closed slightly higher.

      MAY24   HI 11.51  1/2              NOV24     HI 11.39  1/2
             LOW 11.34                            LOW 11.25
            CLOSE11.45  1/4  Up 4 1/2           CLOSE 11.35   Up 5 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +MAY24+MAY24+MAY24
CK Low      2.93                         14.38 528.47  2.90        14.25 523.60
CK High     3.15                         14.60 536.55  3.05        14.40 529.11
CK Average  3.05                   -0.77 14.50 532.93  2.95 -0.82  14.30 525.28
Essex Cty   3.15                         14.60 536.55  3.00        14.35 527.27
Mdsx Low    2.86                         14.31 525.89  2.85        14.20 521.76
Mdsx High   3.05                         14.50 532.88  2.90        14.25 523.60
Mdsx Average2.97                   -0.83 14.43 530.03  2.88 -0.87  14.23 522.68
Hensall     3.03                         14.48 532.14  2.85        14.20 521.76
Bruce       3.05                         14.50 532.88  2.85        14.20 521.76
Putnam      2.99                         14.44 530.67  2.85        14.20 521.76
Guelph      2.95                         14.40 529.20  2.82        14.17 520.66
Burford     2.96                         14.41 529.57  2.95        14.30 525.44
Port Perry  2.80                         14.25 523.69  2.79        14.14 519.56
Norfolk     3.05                         14.50 532.88  2.90        14.25 523.60
Palmerston  2.89                         14.34 527.00  2.80        14.15 519.92
Varna       3.05                         14.50 532.88  2.85        14.20 521.76
Trenton     2.85                         14.30 525.53  2.80        14.15 519.92
Winchester  3.12                         14.57 535.45  2.76        14.11 518.45
North Gower 2.74                         14.19 521.49  2.85        14.20 521.76
Vankleek Hil2.83                         14.28 524.79  2.82        14.17 520.66
Huron FOB   3.17  3.19  3.26  N/A        14.62 537.28  N/A
Kent FOB    3.35                         14.80 543.90  2.90        14.25 523.60
Lambton FOB 3.28                         14.73 541.33  N/A
Mdsx FOB     N/A  3.03  3.23  3.30                     3.01        14.36 527.64

PROCESSORS
Windsor     3.80                         15.25 560.43  3.53        14.88 546.75

TRANSFER
Hamilton    3.70                         15.15 556.76  3.45        14.80 543.81
Prescott     N/A                                       3.33        14.68 539.40
Port Colborn3.23                         14.68 539.49  3.56        14.91 547.85

Toledo El.  -0.41                        11.05 405.84 -0.75        10.60 389.61


Exchange rate was 1.3576 up 0.0046
Chicago wheat closed slightly lower.
MAY24      HI     5.85                 JUL24   HI      5.86  3/4
           LOW    5.71  1/2                    LOW     5.75  1/4
           CLOSE  5.74  3/4  Down 9 1/2        CLOSE   5.78  1/2  Down 7 3/4

Minni wheat closed slightly lower.
MAY24      HI     6.63  1/2            SEP24   HI         6.74
           LOW    6.53  3/4                    LOW        6.66
           CLOSE  6.56   Down 6 1/4            CLOSE   6.67  1/2  Down 6



Direct MarkHarvest 2023                Harvest 2024
           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   1.20    N/A    N/A     N/A    1.15    N/A
London      1.35   1.49   1.15    N/A    1.46    1.46   1.12    N/A
Hensall     1.35   1.60   1.20   1.15    1.65    1.65   1.15   1.05
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.15    N/A
Bruce        N/A   1.45   1.20   0.95    1.45    1.45   1.15   0.95
Essex        N/A    N/A   1.20    N/A    N/A     N/A    1.15    N/A
Norwich     1.30    N/A   1.15    N/A    1.75    N/A    1.15    N/A
Belmore      N/A   0.96   1.11   0.86    1.20    1.15   1.10    N/A
Kent Bridge 1.30    N/A   1.20    N/A    1.75    N/A    1.15    N/A
Chatham      N/A    N/A   1.20    N/A    N/A     N/A    1.15    N/A
Brigden      N/A    N/A   1.20    N/A    N/A     N/A    1.15    N/A
Palmerston   N/A   0.96   1.15   0.86    1.20    1.15   1.11    N/A
Varna       1.35   1.60   1.20    N/A    1.65    1.65   1.15    N/A
Mitchell    1.30   1.55   1.20    N/A    1.75    1.65   1.15    N/A
Thornton    1.35   1.49   1.15   0.94    1.46    1.46   1.12    N/A
North Gower  N/A   1.16   1.46   0.98    N/A     1.18   1.48   0.97
W O Feed                  1.90

TERMINAL
Port Colbor  N/A    N/A   1.83    N/A    N/A     N/A    1.59    N/A

PROCESSORS
Toledo FM    N/A    N/A    N/A    N/A    N/A     N/A    1.93    N/A

Toledo El. 5.40US        7.33CA         5.55US         7.53CA


(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange

FEED GRAINS
FOB Hm Soymeal            558.11
DDG's FOB Aylm            260.00

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