FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 18 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.2815 down 0.0043 Chicago corn closed slightly higher. MAY16 HI 3.84 DEC16 HI 3.92 LOW 3.75 LOW 3.85 CLOSE3.81 Up 2 1/2 CLOSE 3.90 1/4 Up 2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +JUL16+JUL16+SEP16 CK Low 0.70 4.51 177.55 0.55 4.45 175.29 CK High 0.75 4.56 179.52 0.60 4.50 177.26 CK Avg 0.71 -0.28 4.52 177.88 0.57 -0.41 4.47 175.94 Essex Cty 0.70 4.51 177.55 0.60 4.50 177.26 Mdsx Low 0.70 4.51 177.55 0.55 4.45 175.29 Mdsx High 0.70 4.51 177.55 0.55 4.45 175.29 Mdsx Avg 0.70 -0.29 4.51 177.55 0.55 -0.43 4.45 175.29 Hensall 0.70 4.51 177.55 0.57 4.47 175.88 Bruce 0.70 4.51 177.55 0.55 4.45 175.29 Putnam 0.70 4.51 177.55 0.55 4.45 175.29 Burford 0.70 4.51 177.55 0.55 4.45 175.29 Port Perry 0.70 4.51 177.55 0.55 4.45 175.29 Norfolk 0.70 4.51 177.55 0.55 4.45 175.29 Palmerston 0.70 4.51 177.55 0.60 4.50 177.26 Varna 0.70 4.51 177.55 0.60 4.50 177.26 Trenton 0.80 4.61 181.49 0.65 4.55 179.22 Winchester 0.95 4.76 187.39 0.90 4.80 189.07 North Gower 0.75 4.56 179.52 0.80 4.70 185.13 Huron FOB 0.87 4.68 184.24 0.68 4.58 180.41 Kent FOB 0.85 4.66 183.46 0.60 4.50 177.26 Lamb FOB 0.75 4.56 179.52 0.65 4.55 179.22 Mdsx FOB 0.75 0.75 0.75N/A 4.56 179.52 0.60 4.50 177.26 FOB SW Que 0.95 4.76 187.39N/A Track 1.17 4.98 196.05N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A 0.95 0.95 1.00 0.75 4.65 183.16 Sarn-Eth 1.05N/A 1.10 1.10 4.86 191.33N/A Kawartha N/A N/A N/A N/A 1.00 4.90 193.00 London-Ing N/A N/A N/A N/A 0.92 4.82 189.85 Pt.Colb-Ing 1.15 1.20 1.10 1.25 4.96 195.27N/A Cardnl-Ing N/A N/A N/A N/A 1.00 4.90 193.00 W O Feed 1.20 5.01 197.39 US Rep 1.36 5.17 203.53 Toledo El. 0.10 3.91 154.03 -0.26 3.65 143.55 MID SD CRN 0.72 1/2 4.53 1/2 0.57 1/2 4.47 3/4 HI SD CRN 0.75 4.56 0.60 4.50 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.2815 down 0.0043 Chicago soybeans closed narrowly mixed. MAY16 HI 9.64 1/4 NOV16 HI 9.75 3/4 LOW 9.49 3/4 LOW 9.59 3/4 CLOSE9.54 1/4 Down 1 3/4 CLOSE 9.67 1/4 Up 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+MAY1+JUL16 CK Low 2.20 11.74 431.461.98 11.65 428.16 CK High 2.40 11.94 438.812.10 11.77 432.57 CK Average 2.29 -0.3011.83 434.712.04 -0.5211.71 430.42 Essex Cty 2.25 11.79 433.302.05 11.72 430.73 Mdsx Low 2.21 11.75 431.831.96 11.63 427.42 Mdsx High 2.35 11.89 436.972.05 11.72 430.73 Mdsx Average 2.28 -0.3111.82 434.402.01 -0.5511.68 429.07 Hensall 2.33 11.87 436.062.05 11.72 430.73 Bruce 2.35 11.89 436.972.05 11.72 430.73 Putnam 2.35 11.89 436.972.05 11.72 430.73 Burford 2.24 11.78 432.931.99 11.66 428.52 Port Perry 2.21 11.75 431.831.96 11.63 427.42 Norfolk 2.30 11.84 435.142.07 11.74 431.46 Palmerston 2.20 11.74 431.462.00 11.67 428.89 Varna 2.25 11.79 433.302.00 11.67 428.89 Trenton 2.20 11.74 431.461.95 11.62 427.05 Winchester 2.25 11.79 433.302.30 11.97 439.91 North Gower 2.15 11.69 429.632.14 11.81 434.04 Huron FOB 2.45 11.99 440.652.10 11.77 432.57 Kent FOB 2.45 11.99 440.652.12 11.79 433.30 Lambton FOB 2.25 11.79 433.302.25 11.92 438.08 Middlesex FOB2.33 2.40 2.43 N/A 11.87 436.242.16 11.83 434.77 PROCESSORS Hamilton 2.75 2.82 2.80 2.86 12.29 451.672.52 12.19 448.00 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 1.95 11.49 422.282.50 12.17 447.26 Toledo El. -0.20 9.34 343.10-0.37 9.30 341.76 Bank of Canada Noon exchange rate was 1.2815 down 0.0043 Chicago wheat closed higher. MAY16 HI 4.77 JUL16 HI 4.84 1/2 LOW 4.60 1/2 LOW 4.67 3/4 CLOSE 4.72 3/4 Up 13 CLOSE 4.81 Up 13 1/2 Minni wheat closed slightly to moderately higher. MAY16 HI 5.32 SEP16 HI 5.43 3/4 LOW 5.22 LOW 5.34 1/2 CLOSE 5.27 3/4 Up 4 1/4 CLOSE 5.40 1/4 Up 4 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.93 0.75 0.69 0.52 CAD $/bu 7.65 5.48 5.41 5.80 CAD $/tonne 281.26 201.27 198.92 213.03 Direct MarkHarvest 2015 Harvest 2016 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 0.55 N/A N/A 0.30 0.30 N/A London 2.85 0.42 0.61 N/A 0.70 0.37 0.37 N/A Hensall 2.90 N/A 0.70 N/A 0.70 N/A 0.30 N/A Trenton N/A N/A N/A N/A N/A N/A 0.35 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.30 N/A N/A N/A 0.25 N/A Norwich 2.90 N/A 0.70 N/A 0.70 N/A 0.30 N/A Port Hope N/A 0.55 0.70 N/A N/A 0.30 0.30 0.57 Kent Bridge 2.90 N/A -0.05 N/A 0.70 N/A 0.30 N/A Chatham N/A 0.40 0.00 N/A N/A 0.30 0.35 N/A Brigden N/A N/A 0.00 N/A N/A N/A 0.35 N/A Palmerston N/A 0.35 0.60 0.60 N/A 0.30 0.35 0.60 Varna 2.85 0.40 0.60 N/A 0.70 0.30 0.30 N/A Mitchell 2.90 0.35 0.70 N/A 0.70 0.30 0.30 N/A Thornton N/A N/A N/A -0.06 N/A N/A N/A N/A North Gower N/A 0.63 0.56 0.42 N/A 0.43 0.52 0.65 TERMINAL Prescott N/A 0.35 N/A N/A N/A 0.60 0.80 1.00 PROCESSORS Toledo FM 3.25 N/A 1.24 N/A 1.86 N/A 1.16 N/A Toledo El. 4.65US 5.95CA 4.66US 5.97CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.77 0.71 0.65 0.75 CAD $/bu 5.58 5.52 5.46 6.15 CAD $/tonne 205.15 202.80 200.45 225.97 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 454.16 DDG's FOB Srn & Aylm 190.00