FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, February 23
Exchange rate was 1.2597 down 0.0003
Chicago soybeans closed slightly higher to higher.

      MAR21   HI 14.25                   NOV21     HI 12.31  1/4
             LOW 13.80  3/4                       LOW 12.08
            CLOSE14.06   Up 22 1/4              CLOSE 12.22   Up 10 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +MAR21+MAY21+MAY21
CK Low      3.30                         17.36 637.87  2.85        15.07 553.73
CK High     3.38                         17.44 640.81  2.85        15.07 553.73
CK Average  3.35                   -0.24 17.41 639.59  2.85 -0.26  15.07 553.73
Essex Cty   3.35                         17.41 639.71  2.75        14.97 550.05
Mdsx Low    3.35                         17.41 639.71  2.83        15.05 552.99
Mdsx High   3.36                         17.42 640.08  2.85        15.07 553.73
Mdsx Average3.36                   -0.24 17.42 639.89  2.84 -0.27  15.06 553.36
Hensall     3.35                         17.41 639.71  2.85        15.07 553.73
Bruce       3.35                         17.41 639.71  2.85        15.07 553.73
Putnam      3.35                         17.41 639.71  2.85        15.07 553.73
Burford     3.43                         17.49 642.65  2.90        15.12 555.56
Port Perry  3.35                         17.41 639.71  2.82        15.04 552.63
Norfolk     3.35                         17.41 639.71  2.85        15.07 553.73
Palmerston  3.35                         17.41 639.71  2.87        15.09 554.46
Varna       3.35                         17.41 639.71  2.85        15.07 553.73
Trenton     3.30                         17.36 637.87  2.80        15.02 551.89
Winchester  3.30                         17.36 637.87  2.80        15.02 551.89
North Gower 3.25                         17.31 636.03  2.85        15.07 553.73
Vankleek Hil3.16                         17.22 632.73  2.69        14.91 547.85
Huron FOB   3.68  3.68  3.69  3.69       17.74 651.83  2.92        15.14 556.30
Kent FOB    3.50                         17.56 645.22  2.85        15.07 553.73
Lambton FOB 3.55                         17.61 647.06  3.05        15.27 561.08
Mdsx FOB    3.49  3.49  N/A   N/A        17.55 644.85  2.92        15.14 556.30

PROCESSORS
Windsor     3.80                         17.86 656.24  2.99        15.21 558.87

TRANSFER
Hamilton    3.90                         17.96 659.92  3.30        15.52 570.26
Prescott     N/A                                       3.26        15.48 568.79
Port Colborn3.77                         17.83 655.14  3.33        15.55 571.36

Toledo El.  -0.13                        13.93 511.99 -0.44        11.78 432.81


Exchange rate was 1.2597 down 0.0003
Chicago wheat closed narrowly mixed.
MAR21      HI     6.67  3/4             JUL21   HI         6.59
           LOW    6.56  1/2                     LOW     6.49  1/4
           CLOSE  6.65  3/4  Up 1 3/4           CLOSE   6.56  3/4  Down  1/4

Minni wheat closed slightly lower.
MAR21      HI     6.37  3/4             SEP21   HI      6.64  1/4
           LOW    6.31  3/4                     LOW     6.59  1/4
           CLOSE  6.36   Down 1 3/4             CLOSE   6.63  1/4  Down  3/4



Direct MarkHarvest 2020                 Harvest 2021
           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    1.35    N/A    N/A     N/A    1.05    N/A
London      1.39    1.33   1.33    N/A    1.25    1.25   1.00    N/A
Hensall     1.40    N/A    1.35    N/A    1.30    N/A    1.05    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.05    N/A
Bruce       1.35    1.45   1.35   1.40    1.25    1.30   1.10   1.30
Essex        N/A    N/A    1.35    N/A    N/A     N/A    1.05    N/A
Norwich     1.40    N/A    1.35    N/A    1.30    N/A    1.05    N/A
Port Hope    N/A    N/A     N/A    N/A    N/A     N/A    1.05    N/A
Kent Bridge 1.40    N/A    1.35    N/A    1.30    N/A    1.05    N/A
Chatham      N/A    N/A    1.35    N/A    N/A     N/A    1.05    N/A
Brigden      N/A    N/A    1.35    N/A    N/A     N/A    1.05    N/A
Palmerston   N/A    1.41   1.35   1.34    N/A     1.23   1.04   1.28
Varna       1.35    1.40   1.35    N/A    1.25    1.25   1.05    N/A
Mitchell    1.40    1.50   1.35    N/A    1.30    1.25   1.05    N/A
Thornton     N/A    N/A     N/A   1.19    N/A     N/A     N/A    N/A
North Gower  N/A    1.25   1.25   0.95    N/A     1.00   1.00   1.15
W O Feed                   2.00

TERMINAL
Port Colbor  N/A    N/A    1.78    N/A    N/A     N/A    1.35    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.73    N/A    N/A     N/A    1.71    N/A

Toledo El. 6.66US         8.39CA         6.52US         8.21CA


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

FEED GRAINS
FOB Hm Soymeal             624.47
DDG's FOB Srn & Aylm       360.00