DTN Grain News

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 25 Exchange rate was 1.2574 up 0.0043 Chicago soybeans closed slightly to moderately lower. MAY21 HI 14.45 3/4 NOV21 HI 12.52 3/4 LOW 13.93 1/2 LOW 12.22 3/4 CLOSE14.07 1/2 Down 18 1/4 CLOSE 12.30 3/4 Down 7 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAY21+MAY21+MAY21 CK Low 3.23 17.31 635.85 2.70 15.01 551.43 CK High 3.29 17.37 638.05 2.80 15.11 555.11 CK Average 3.25 -0.30 17.33 636.65 2.73 -0.34 15.04 552.66 Essex Cty 3.25 17.33 636.58 2.65 14.96 549.59 Mdsx Low 3.21 17.29 635.12 2.68 14.99 550.70 Mdsx High 3.25 17.33 636.58 2.70 15.01 551.43 Mdsx Average3.23 -0.31 17.31 635.85 2.69 -0.38 15.00 551.06 Hensall 3.28 17.36 637.69 2.77 15.07 553.88 Bruce 3.34 17.42 639.89 2.85 15.16 556.94 Putnam 3.25 17.33 636.58 2.70 15.01 551.43 Burford 3.28 17.36 637.69 2.75 15.06 553.27 Port Perry 3.20 17.28 634.75 2.67 14.98 550.33 Norfolk 3.25 17.33 636.58 2.75 15.06 553.27 Palmerston 3.27 17.35 637.32 2.86 15.17 557.31 Varna 3.35 17.43 640.26 2.85 15.16 556.94 Trenton 3.25 17.33 636.58 2.75 15.06 553.27 Winchester 3.29 17.37 638.05 2.80 15.11 555.11 North Gower 3.19 17.27 634.38 2.80 15.11 555.11 Vankleek Hil3.04 17.12 628.87 2.65 14.96 549.59 Huron FOB N/A 3.54 3.54 3.54 2.84 15.15 556.58 Kent FOB 3.40 17.48 642.10 2.75 15.06 553.27 Lambton FOB 3.44 17.52 643.57 2.95 15.26 560.62 Mdsx FOB 3.34 3.34 N/A N/A 17.42 639.89 2.54 14.85 545.55 PROCESSORS Windsor N/A 2.95 15.26 560.62 TRANSFER Hamilton 3.80 17.88 656.79 3.20 15.51 569.80 Prescott N/A 3.16 15.47 568.33 Port Colborn3.56 17.64 647.98 2.86 15.17 557.31 Toledo El. 0.00 14.08 517.17 -0.44 11.87 436.06 Exchange rate was 1.2574 up 0.0043 Chicago wheat closed slightly to moderately lower. MAR21 HI 6.80 1/2 JUL21 HI 6.71 3/4 LOW 6.58 3/4 LOW 6.55 1/4 CLOSE 6.71 3/4 Down 8 1/2 CLOSE 6.63 1/2 Down 7 Minni wheat closed slightly to moderately lower. MAR21 HI 6.48 SEP21 HI 6.71 LOW 6.34 3/4 LOW 6.59 CLOSE 6.41 1/2 Down 5 CLOSE 6.65 1/2 Down 6 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 1.30 N/A N/A N/A 1.00 N/A London 1.33 1.27 1.27 N/A 1.19 1.19 0.94 N/A Hensall 1.35 N/A 1.30 N/A 1.25 N/A 1.00 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 1.34 N/A N/A N/A 1.00 N/A Norwich 1.35 N/A 1.30 N/A 1.25 N/A 1.00 N/A Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A Kent Bridge 1.35 N/A 1.30 N/A 1.25 N/A 1.00 N/A Chatham N/A N/A 1.34 N/A N/A N/A 1.00 N/A Brigden N/A N/A 1.34 N/A N/A N/A 1.00 N/A Palmerston N/A 1.40 1.34 1.32 N/A 1.22 1.03 1.27 Varna 1.39 1.44 1.39 N/A 1.25 1.25 1.05 N/A Mitchell 1.35 1.45 1.30 N/A 1.25 1.20 1.00 N/A Thornton N/A N/A N/A 1.13 N/A N/A N/A N/A North Gower N/A 1.25 1.25 0.95 N/A 0.96 0.96 1.07 W O Feed 2.02 TERMINAL Port Colbor N/A N/A 1.72 N/A N/A N/A 1.29 N/A PROCESSORS Toledo FM N/A N/A 1.73 N/A N/A N/A 1.71 N/A Toledo El. 6.76US 8.50CA 6.59US 8.28CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 621.82 DDG's FOB Srn & Aylm 360.00

FARM MARKET NEWS - CORN REPORT FOR Thu, February 25 Exchange rate was 1.2574 up 0.0043 Chicago corn closed slightly to moderately lower. MAR21 HI 5.60 1/2 DEC21 HI 4.79 LOW 5.42 1/2 LOW 4.69 1/2 CLOSE5.54 3/4 Down 4 1/2 CLOSE 4.74 Down 2 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAY21+MAY21+JUL21 CK Low 1.35 6.90 271.54 0.90 5.64 222.04 CK High 1.45 7.00 275.48 0.95 5.69 224.01 CK Avg 1.40 -0.02 6.95 273.51 0.91 -0.25 5.65 222.37 Essex Cty 1.35 6.90 271.54 0.90 5.64 222.04 Mdsx Low 1.40 6.95 273.51 0.90 5.64 222.04 Mdsx High 1.40 6.95 273.51 0.90 5.64 222.04 Mdsx Avg 1.40 -0.02 6.95 273.51 0.90 -0.25 5.64 222.04 Hensall 1.42 6.96 274.17 0.93 5.67 223.35 Bruce 1.45 7.00 275.48 0.95 5.69 224.01 Putnam 1.40 6.95 273.51 0.90 5.64 222.04 Burford 1.40 6.95 273.51 0.90 5.64 222.04 Port Perry 1.45 7.00 275.48 0.95 5.69 224.01 Norfolk 1.35 6.90 271.54 0.90 5.64 222.04 Palmerston 1.42 6.97 274.30 0.97 5.71 224.79 Varna 1.35 6.90 271.54 0.90 5.64 222.04 Trenton 1.50 7.05 277.45 0.95 5.69 224.01 Winchester 1.45 7.00 275.48 1.40 6.14 241.72 North Gower 1.50 7.05 277.45 1.32 6.06 238.57 Vankleek Hil 1.47 7.02 276.27 1.06 5.80 228.34 Huron FOB N/A 1.55 1.60 1.76 1.03 5.77 227.15 Kent FOB 1.50 7.05 277.45 1.00 5.74 225.97 Lamb FOB N/A 1.15 5.89 231.88 Mdsx FOB N/A 1.50N/A N/A 1.05 5.79 227.94 FOB SW Que 2.17 7.72 303.82N/A Track 1.71 7.26 285.72N/A PROCESSORS Chat-Eth N/A N/A N/A N/A 1.25 5.99 235.82 Jhnstwn-Eth N/A N/A N/A N/A 1.50 6.24 245.66 Aylmer-Eth N/A N/A N/A 1.95 1.20 5.94 233.85 Sarn-Eth N/A N/A N/A N/A N/A London-Ing N/A N/A N/A 2.00 1.30 6.04 237.78 Pt.Colb-Ing N/A N/A N/A N/A N/A Cardnl-Ing N/A N/A N/A 2.20 1.55 6.29 247.63 W O Feed 1.92 7.47 293.98 US Rep 2.05 7.60 299.10 Toledo El. -0.09 5.46 214.93 -0.25 4.49 176.71 TRANSFER Pt. Colb 1.85 7.40 291.23 1.35 6.09 239.75 Prescott N/A 1.49 6.23 245.26 HI SD CRN 1.45 6.99 3/4 *Wet Bid

DTN Closing Grain Comments 02/25 13:53 Grains Fall Back as Export Sales Disappoint May corn closed down 7 1/4 cents and May contracts of all three wheats finished lower Thursday after last week's export sales of corn and wheat hit new marketing year lows. May soybeans were down 18 1/4 cents, hurt by 6.2 million bushels of export sales for the week.

DTN Midday Grain Comments 02/25 10:53 Grains Tumble Into Midday Thursday Corn is 7 to 9 cents lower, soybeans are 14 to 16 cents lower and wheat is 6 to 12 cents lower. David M. Fiala DTN Contributing Analyst The U.S. stock market is weaker with the Dow down 180 points. The U.S. Dollar Index is 0.36 lower. Interest rate products are weaker. Energies are flat with crude unchanged. Livestock trade is mixed. Precious metals are weaker with gold down $22.00. CORN: Corn trade is 7 to 9 cents lower at midday with new crop closer to steady as spreads continue to weaken, albeit at the upper end of the range as March is headed into delivery. Ethanol production should continue to rebound with trade looking for better margins into the second quarter. Trade will continue to look for further export-sale confirmations with the daily wire remaining quiet Thursday. Shipping pace should recover further this week with weekly sales disappointing at 453,300 metric tons of old crop and 145,900 of new crop. Basis should remain sideways short term. Double crop planting in Brazil is well underway as well but behind the usual pace. On the May contract, support is the 20-day at $5.47 with the upper Bollinger Band at $5.61 as resistance. SOYBEANS: Soybeans is 14 to 16 cents lower with trade turning lower after disappointing export sales and light cancellations, and spread trade is weakening at midday. Meal is $2.00 to $3.00 lower and oil is 0.20 cent to 0.30 cent lower. Basis will likely remain flat at strong levels with slower movement as the export program winds down and a bigger focus is on crush margins, as well as improved weather for moving remaining soybeans. Brazil should catch rains short term for most as harvest is underway but behind the usual pace. Export shipments are picking up steam, with Argentina action trending warmer and drier over the next few days. Weekly export sales soft at 167,800 metric tons of old crop and 70,800 of new crop; 160,200 metric tons of meal and 4,400 metric tons of oil. The May chart has resistance at the fresh high at $14.45 3/4, with support the 20-day at $13.78. WHEAT: Wheat trade is 6 to 12 cents lower with spring wheat leading as trade works to consolidate recent gains with support from weather and the dollar. The dollar broke below 90 points on the index overnight and is near contract lows. The Plains should see warmer weather, bringing the crop closer to exiting dormancy soon. KC is at 25-cent discount to Chicago, with Minneapolis at 26-cent discount and mixed action so far. Weekly export sales were poor at 167,700 metric tons of old crop and 14,800 of new crop. KC May chart support is the 20-day at $6.36, with resistance the fresh high at $6.62. David Fiala can be reached at dfiala@futuresone.com Follow him on Twitter @davidfiala (c) Copyright 2021 DTN, LLC. All rights reserved.

February 25, 2021 Portland Price Trends 02-01-20 08-01-20 01-01-21 02-18-21 02-25-21 #1 SWW (bu) 6.25 5.60 6.65 7.50 7.65 White Club 7.75 6.00 6.90 7.50 7.65 DNS 14% 7.08 6.21 7.14 7.35 7.50 HRW 11.5% 6.17 5.71 7.38 7.63 7.75 #2 Corn (ton) 175.00 151.00 211.00 220.00 222.00 #2 Barley 140.00 130.00 145.00 160.00 160.00 Wheat...West coast white and hard red winter wheat prices continued to mark fresh multi-year highs this week. Soft white moved above $7.50 for the first time since May 2014 and hard red winter marked $7.75 for the first time since November 2014. Exporters are pushing the nearby delivery positions to cover prior export commitments. Weekly Sales...USDA reported a big setback in export demand for U.S. wheat last week, coming in at a marketing year low of 6.2 mb. Current commitments set a 866 mb, which is 4% ahead of a year ago and 8% above the five-year average pace. Top seller was hard red spring with 2.2 mb, which puts sales 7% ahead of a year ago and 9% above average at 258 mb. Soft white wheat booked 1.8 mb and with 229 mb in sales is setting 38% ahead of a year ago and 43$ above average. Hard red winter saw sales slip to just 1.5 mb and with 291 mb in commitments, now sets 6% below a year ago and 1% below the five-year average pace. -Norm Ruhoff Contributing Analyst Copyright 2021 DTN/Telvent. All Rights Reserved.

DTN Weather Trend Indicators 02/25 09:35 Weather Indicator status values are: Corn=Up Soybeans=Up Wheat=Neutral LEGEND: The indicator choices are: Corn, Soybeans, Wheat The status choices are: Up, Down, Neutral For example: Corn=Neutral

DTN Early Word Grains 02/25 05:57 Soy Rally Continues While Grains Ease March corn is down 2 1/2 cents per bushel, May soybeans are up 17 cents, and May KC wheat is down 2 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: March corn is down 2 1/2 cents per bushel, May soybeans are up 17 cents, and May KC wheat is down 2 cents. CME Globex Recap: Equity markets are mostly higher overnight as indices around the globe tack on gains in response to the record high close in the United States Wednesday. U.S. futures were quiet ahead of economic data on jobless claims and the manufacturing sector. 10-year T-note yields rallied to a one-year high of 1.43% on Wednesday and are up 50 basis points in 2021. Expectations are still high a new stimulus bill will be passed by Congress by mid-March which will keep inflation expectations climbing. Energy markets are firmer overnight as spot crude oil prices hold gains above 63.00 per barrel. The U.S. Dollar Index has slipped below the 90-handle level overnight to the weakest trade since January 8. Precious metals are mixed overnight while copper pushes to new highs for the move and is trading at the highest level since July 2011. Grains are mixed overnight with a stronger soy complex while corn and wheat slip to small losses. Soybean oil and soybeans remain on a tear with little overhead for technical resistance. OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average up 424.51 at 31,961.86 and the S&P 500 up 44.06 at 3,881.37 while the 10-Year Treasury yield ended at 1.389%. Early Thursday, the March DJIA futures are up 50 points. Asian markets are higher with Japan's Nikkei 225 up 496.57 (1.67%) and China's Shanghai Composite up 20.97 points (0.59%). European markets are higher with London's FTSE 100 up 28.3 points (0.42%), Germany's DAX down 16.02 points (-0.11%) and France's CAC 40 up 22.53 points (0.39%). The March Euro is up 0.008 at 1.220 and the March U.S. dollar index is down 0.400 at 89.770. The March 30-Year T-Bond is down 41/32nds, while April gold is down $7.50 at $1,790.40 and April crude oil is up $0.12 at $63.34. Soybeans on China's Dalian Exchange were up 0.81% while soybean meal was up 0.43% and corn was up 0.81%.

USDA Daily Market Rates 02/25 06:16 Effective: February 25, 2021 The following Market Rates are established to aid in the development of the Posted County Prices (PCPs) which are used by county Farm Services Agency (FSA) Offices for loan redemption purposes. Uses of these rates for other purposes may not be appropriate. Questions concerning the grain, pulses and oilseed market values should be directed to: Agricultural Marketing Service/Warehouse & Commodity Management Division/Commodity Management Branch at: (816) 926-3816 THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 02/25/2021 COMMODITIES Wheat (BU) Wheat (BU) Wheat (BU) Wheat (BU) MARKET HRW HRS SRW SWW AMA 6.26 */(17) CIN 6.85 */(37) EVN 6.97 */(38) GLF 7.86 */(18) */(19) 7.80 */(39) */(20) */(21) */(22) KCM 7.66 */(23) 6.94 */(40) MEM 7.04 */(41) MIN 7.61 */(24) */(25) 7.02 */(15) PNW 7.78 */(26) 7.07 */(16) 7.61 */(43) */(44) TOL 6.80 */(42) 6.80 */(45) WCD 7.78 */(27) */(28) 7.46 */(46) THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 02/25/2021 COMMODITIES Wheat (BU) Corn (BU) Barley (BU) MARKET HAD YC BRL AMA 6.14 */(47) CIN 5.83 */(48) GLF 6.30 */(49) */(50) 4.44 */(1) KCM 5.51 */(51) 4.09 */(2) LOS 8.45 */(11) */A MEM 6.01 */(52) MIN 7.75 */(12) */B 5.33 */(53) 3.89 */(3) */(4) */(5) PNW 8.10 */(13) */C 6.74 */(54) */(55) 4.01 */(6) */(7) TKO 5.72 */(56) */(57) TOL 5.52 */(58) WCD 8.50 */(14) */D 7.03 */(59) 5.39 */(8) */(9) */(10) DURUM DISCOUNTS */A LOS DISCOUNT ($-0.50) FOR AMBER DURUM AND ($-0.75) FOR DURUM */B MIN DISCOUNT ($-0.75) FOR AMBER DURUM AND ($-1.15) FOR DURUM */C PNW DISCOUNT ($-0.85) FOR AMBER DURUM AND ($-1.25) FOR DURUM */D WCD DISCOUNT ($-0.50) FOR AMBER DURUM AND ($-0.75) FOR DURUM THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 02/25/2021 COMMODITIES Oats (BU) Soybeans (BU) Grain Sorghum (CWT) MARKET OAT YSB SOR CIN 14.46 */(60) 12.92 */(31) GLF 15.02 */(61) */(62) 13.84 */(32) */(63) */(64) */(65) KCM 14.29 */(66) MEM 14.64 */(67) 9.23 */(33) MIN 4.22 */(29) 13.79 */(68) */(69) NCD 11.68 */(34) PNW 4.32 */(30) 15.47 */(70) SCD 11.68 */(35) TKO 14.39 */(71) TOL 14.14 */(72) WCD 13.77 */(36) COMMODITIES BRL - Barley HAD - Durum HRS - Hard Red Spring HRW - Hard Red Winter OAT - Oats SOR - Sorghum SRW - Soft Red Winter SWW - Soft White Wheat YC - Yellow Corn YSB - Yellow Soybeans MARKET REGIONS MIN - Minnesota Marketing Area PNW - Pacific Northwest WCD - West Coast Domestic KCM - Kansas City Marketing Area GLF - Gulf Marketing Area LOS - Los Angeles, CA AMA - Amarillo, TX SCD - South Central Domestic CIN - Cincinnati, OH NCD - North Central Domestic MEM - Memphis, TN TOL - Toledo, OH EVN - Evansville, IN TKO - Decatur, IL ****NOTE CHANGES TO DIFFERENTIAL INFORMATION EFFECTIVE 02/25/2021 ***** POSTED COUNTY PRICE DIFFERENTIAL INFORMATION (Cents per bushel except as noted) UNTIL FURTHER NOTICE THE TERMINAL MARKETS LISTED BELOW WILL HAVE DIFFERENTIALS ADJUSTED AS FOLLOWS: (1) GLF BRL differentials add -0.45 cents/bu (Effective 2/23/2021) (2) KCM BRL differentials add -0.45 cents/bu (Effective 2/23/2021) (3) MIN BRL differentials in WY add -0.02 cents/bu (Effective 7/31/2017) (4) MIN BRL differentials in MT add 0.00 cents/bu (Effective 6/25/2020) (5) MIN BRL differentials add -0.25 cents/bu (Effective 2/23/2021) (6) PNW BRL differentials in MT add -0.06 cents/bu (Effective 2/15/2013) (7) PNW BRL differentials add 0.09 cents/bu (Effective 2/2/2021) (8) WCD BRL differentials in ID add 0.03 cents/bu (Effective 3/7/2016) (9) WCD BRL differentials in MT add -0.02 cents/bu (Effective 8/2/2017) (10) WCD BRL differentials add -0.76 cents/bu (Effective 2/2/2021) (11) LOS HAD differentials add -0.65 cents/bu (Effective 2/1/2021) (12) MIN HAD differentials add -0.53 cents/bu (Effective 3/23/2020) (13) PNW HAD differentials add -0.40 cents/bu (Effective 8/14/2020) (14) WCD HAD differentials add -0.65 cents/bu (Effective 2/1/2021) (15) MIN HRS differentials add -0.68 cents/bu (Effective 2/18/2021) (16) PNW HRS differentials add -0.43 cents/bu (Effective 2/2/2021) (17) AMA HRW differentials add 0.00 cents/bu (Effective 10/4/2018) (18) GLF HRW differentials in KS add 0.00 cents/bu (Effective 10/5/2017) (19) GLF HRW differentials in NE add -0.05 cents/bu (Effective 7/17/2018) (20) GLF HRW differentials in OK add 0.00 cents/bu (Effective 7/17/2018) (21) GLF HRW differentials in CO add 0.00 cents/bu (Effective 5/6/2020) (22) GLF HRW differentials add -0.67 cents/bu (Effective 2/3/2021) (23) KCM HRW differentials add -0.96 cents/bu (Effective 2/9/2021) (24) MIN HRW differentials in SD add 0.00 cents/bu (Effective 9/21/2017) (25) MIN HRW differentials add -0.83 cents/bu (Effective 1/25/2021) (26) PNW HRW differentials add -0.70 cents/bu (Effective 2/23/2021) (27) WCD HRW differentials in CA add 0.00 cents/bu (Effective 6/25/2020) (28) WCD HRW differentials add -0.90 cents/bu (Effective 2/19/2021) (29) MIN OAT differentials add -0.51 cents/bu (Effective 2/22/2021) (30) PNW OAT differentials add -0.53 cents/bu (Effective 2/22/2021) (31) CIN SOR differentials add -0.35 cents/cwt (Effective 7/8/2020) (32) GLF SOR differentials add -0.77 cents/cwt (Effective 2/11/2021) (33) MEM SOR differentials add 0.00 cents/cwt (Effective 3/26/2019) (34) NCD SOR differentials add 0.00 cents/cwt (Effective 4/23/2020) (35) SCD SOR differentials add 0.00 cents/cwt (Effective 10/8/2019) (36) WCD SOR differentials add 0.00 cents/cwt (Effective 2/3/2021) (37) CIN SRW differentials add -0.03 cents/bu (Effective 12/31/2020) (38) EVN SRW differentials add -0.20 cents/bu (Effective 2/11/2021) (39) GLF SRW differentials add -0.51 cents/bu (Effective 2/17/2021) (40) KCM SRW differentials add 0.12 cents/bu (Effective 2/18/2021) (41) MEM SRW differentials add -0.04 cents/bu (Effective 11/20/2020) (42) TOL SRW differentials add 0.15 cents/bu (Effective 2/16/2021) (43) PNW SWW differentials in ID add 0.00 cents/bu (Effective 6/2/2017) (44) PNW SWW differentials add -0.28 cents/bu (Effective 11/8/2017) (45) TOL SWW differentials add -0.05 cents/bu (Effective 9/30/2019) (46) WCD SWW differentials add -0.27 cents/bu (Effective 6/15/2016) (47) AMA YC differentials add -0.30 cents/bu (Effective 9/22/2020) (48) CIN YC differentials add -0.32 cents/bu (Effective 2/23/2021) (49) GLF YC differentials in MN add 0.00 cents/bu (Effective 6/25/2020) (50) GLF YC differentials add -0.47 cents/bu (Effective 2/19/2021) (51) KCM YC differentials add 0.00 cents/bu (Effective 1/28/2021) (52) MEM YC differentials add -0.39 cents/bu (Effective 1/22/2021) (53) MIN YC differentials add 0.00 cents/bu (Effective 8/19/2020) (54) PNW YC differentials in ND add 0.00 cents/bu (Effective 6/25/2020) (55) PNW YC differentials add -0.69 cents/bu (Effective 2/18/2021) (56) TKO YC differentials in WI add -0.03 cents/bu (Effective 12/4/2020) (57) TKO YC differentials add -0.13 cents/bu (Effective 2/23/2021) (58) TOL YC differentials add 0.00 cents/bu (Effective 2/5/2021) (59) WCD YC differentials add -0.84 cents/bu (Effective 7/30/2020) (60) CIN YSB differentials add -0.25 cents/bu (Effective 2/25/2021) (61) GLF YSB differentials in MN add 0.04 cents/bu (Effective 12/27/2017) (62) GLF YSB differentials in MS add 0.05 cents/bu (Effective 12/2/2020) (63) GLF YSB differentials in LA add 0.05 cents/bu (Effective 12/2/2020) (64) GLF YSB differentials in AL add 0.05 cents/bu (Effective 12/2/2020) (65) GLF YSB differentials add -0.51 cents/bu (Effective 2/18/2021) (66) KCM YSB differentials add -0.16 cents/bu (Effective 2/11/2021) (67) MEM YSB differentials add -0.40 cents/bu (Effective 2/4/2021) (68) MIN YSB differentials in WI add 0.09 cents/bu (Effective 1/14/2021) (69) MIN YSB differentials add 0.12 cents/bu (Effective 2/12/2021) (70) PNW YSB differentials add -0.91 cents/bu (Effective 2/17/2021) (71) TKO YSB differentials add -0.22 cents/bu (Effective 2/3/2021) (72) TOL YSB differentials add -0.17 cents/bu (Effective 2/25/2021) MINOR OILSEEDS THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET) 02/25/2021 ALL PRICES PER CWT. MARKET CAN CRA RAP FLX MUS SAF SEM SUN ARL 25.27 AUG 25.27 CAR 25.93 COL 19.00 COR 19.00 FAR 24.11 20.20 GFK 28.00 GLD 19.75 GRF 22.00 18.75 28.00 PAR 20.00 RDW 26.47 29.46 RIC 19.00 VEL 26.62 COMMODITIES: MARKETS: CAN - CANOLA ARL - ARLINGTON, GA CRA - CRAMBE AUG - AUGUSTA, GA RAP - RAPESEED CAR - CARRINGTON, ND FLX - FLAX COL - COLUSA, CA SEM - SESAME SEED COR - CORCORAN, CA SUN - SUNFLOWER SEEDS (OIL TYPE) FAR - FARGO, ND SAF - SAFFLOWER GLD - GOODLAND, KS MUS - MUSTARD (INCLUDES): GFK - GRAND FORKS, ND YMU - YELLOW GRF - GREAT FALLS, MT BMU - BROWN PAR - PARIS, TX CMU - ORIENTAL RDW - RED WING, MN XMU - MIXED RIC - RICHMOND, CA VEL - VELVA, ND PULSES THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET) 02/25/2021. ALL PRICES PER CWT. MARKET CHL CHK LEN PEA USP 20.25 16.25 18.20 9.20 COMMODITIES: MARKETS: CHL - LARGE CHICKPEAS CHK - SMALL CHICKPEAS USP - United States Pulses LEN - LENTILS PEA - PEAS* YPE - YELLOW GPE - GREEN * ALSO INCLUDES, WRINKLED, DRY, WINTER DRY (AUSTRIAN WINTER), MISCELLANEOUS (MARROWFAT - TYPE PEAS), MIXED. COTTON PRICES UPLAND COTTON ADJUSTED WORLD PRICE (AWP), FINE COUNT ADJUSTMENT (FCA), COARSE COUNT ADJUSTMENT (CCA), and MARKETING LOAN GAIN/LOAN DEFICIENCY PAY RATE (LDP) Effective 12:01 a.m. Eastern Time, Friday, 02/19/21, through midnight Eastern Time, Thursday, 02/25/21: AWP = 73.13 cents per pound FCA 2019 crop = 1.30 cents per pound FCA 2020 crop = 1.25 cents per pound CCA = 0.00 cents per pound LDP Rate = 0.00 cents per pound, subject to allowable fine count or coarse count adjustment. The next scheduled AWP, FCA, CCA, and LDP announcement will be at 4:00 p.m. Eastern Time, Thursday, 02/25/21. The following world prices of rice are effective from 02/24/21 at 7:00 am eastern time until the next announcement occurs. The next price announcement is scheduled for 03/03/21 at 7:00 am eastern time. . Rates Per Hundredweight Rough Rates Per Pound For . Rice for Farm-Stored and Milled Rice Kernels . Warehouse Loans and LDPs _____________________________________________________________________ . 2019 CROP . World Loan Market World Loan . Market Gain and Price Rate . Index LDP Rate ----Cents/Pound---- . ---$/Hundredweight--- . Long 18.06 11.09 . 15.63 0.00 Med/Short 17.71 10.50 . 15.50 0.00 Broken 11.46 6.11 . na na _____________________________________________________________________ . 2020 CROP . World Loan Market World Loan . Market Gain and Price Rate . Index LDP Rate ----Cents/Pound---- . ---$/Hundredweight--- . Long 17.98 11.10 . 15.58 0.00 Med/Short 17.61 10.45 . 15.27 0.00 Broken 11.41 6.45 . na na _____________________________________________________________________ The above prices are based on the following loan rates, world prices and milling yields per hundredweight of rough rice: 2019 CROP Loan Rate World Price . Whole/Broken Yield ------ $/Cwt ------ . (Pounds/Cwt) . Long 6.86 11.40 . 53.46/15.26 Med/Short 7.16 12.16 . 63.50/8.00 2020 CROP Loan Rate World Price . Whole/Broken Yield ------ $/Cwt ------ . (Pounds/Cwt) . Long 7.02 11.50 . 55.65/13.10 Med/Short 6.94 11.76 . 59.40/11.40

Cotton AWP/LDP 02/19 10:34 Weekly cotton Fine Count Price and Adjustment data. | Fine Fine FE Trans | Count Count FE Fine Coarse & | Adj Adj Adj Week Count FE Count Qual | World 2019.00 2020 CCA LDP Date Price Price Price Adj | Price Crop** Crop** 02/19/21 93.13 92.38 94.88 19.25 | 73.13 1.30 1.25 0.00 0.00 02/12/21 90.48 89.57 91.57 19.25 | 70.32 1.14 1.09 0.00 0.00 02/05/21 86.68 85.63 87.63 19.25 | 66.38 1.00 0.95 0.00 0.00 01/29/21 87.86 86.84 88.95 19.25 | 67.59 1.03 0.98 0.00 0.00 01/22/21 86.98 85.95 88.05 19.25 | 66.70 1.02 0.97 0.00 0.00 **Fine Count Adjustment cannot be less than zero. NA = not available.

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