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