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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3389 up 0.0067</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.71 3/4 DEC17 HI 3.95</u></div>
<div><u> LOW 3.65 1/2 LOW 3.89 1/2</u></div>
<div><u> CLOSE3.67 3/4 Up 3 1/2 CLOSE 3.92 Up 3 3/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +JUL17+JUL17+SEP17</u></div>
<div><u>CK Low 0.65 4.33 170.37 0.75 4.67 183.85</u></div>
<div><u>CK High 0.75 4.43 174.30 0.80 4.72 185.82</u></div>
<div><u>CK Avg 0.68 -0.42 4.35 171.35 0.76 -0.42 4.68 184.18</u></div>
<div><u>Essex Cty N/A 0.75 4.67 183.85</u></div>
<div><u>Mdsx Low 0.65 4.33 170.37 0.75 4.67 183.85</u></div>
<div><u>Mdsx High 0.65 4.33 170.37 0.80 4.72 185.82</u></div>
<div><u>Mdsx Avg 0.65 -0.44 4.33 170.37 0.78 -0.41 4.70 184.83</u></div>
<div><u>Hensall 0.68 4.35 171.35 0.83 4.75 186.80</u></div>
<div><u>Bruce 0.70 4.38 172.33 0.85 4.77 187.79</u></div>
<div><u>Putnam 0.65 4.33 170.37 0.80 4.72 185.82</u></div>
<div><u>Burford 0.70 4.38 172.33 0.80 4.72 185.82</u></div>
<div><u>Port Perry 0.90 4.58 180.21 0.85 4.77 187.79</u></div>
<div><u>Norfolk 0.75 4.43 174.30 0.85 4.77 187.79</u></div>
<div><u>Palmerston N/A 0.80 4.72 185.82</u></div>
<div><u>Varna 0.70 4.38 172.33 0.85 4.77 187.79</u></div>
<div><u>Trenton 1.05 4.73 186.11 0.90 4.82 189.76</u></div>
<div><u>Winchester 1.16 4.84 190.44 1.14 5.06 199.20</u></div>
<div><u>North Gower 1.07 4.75 186.90 1.00 4.92 193.69</u></div>
<div><u>Huron FOB 1.02 4.70 184.93 0.90 4.82 189.76</u></div>
<div><u>Kent FOB 1.00 4.68 184.15 0.75 4.67 183.85</u></div>
<div><u>Lamb FOB 0.95 4.63 182.18 0.80 4.72 185.82</u></div>
<div><u>Mdsx FOB 0.90 0.90 0.95N/A 4.58 180.21 0.75 4.67 183.85</u></div>
<div><u>FOB SW Que 1.25 4.93 193.99N/A</u></div>
<div><u>Track 1.22 4.89 192.61N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.20 1.25 1.25 1.25 4.88 192.02 1.00 4.92 193.69</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.18 5.10 200.78</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.20 1.00 4.92 193.69</u></div>
<div><u>Sarn-Eth 1.20 1.25 1.30N/A 4.88 192.02N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A 1.25 0.98 4.90 192.90</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.50 1.20 5.12 201.57</u></div>
<div><u>W O Feed 1.36 5.04 198.24</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.61 5.29 208.16</u></div>
<div><u>Toledo El. -0.09 3.58 141.09 -0.33 3.59 141.16</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.78 188.08 0.95 4.87191 5/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.70 4.37 3/4</u></div>
<div><u>HI SD CRN 0.75 4.42 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3389 up 0.0067</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 9.49 1/4 NOV17 HI 9.58</u></div>
<div><u> LOW 9.37 1/4 LOW 9.49</u></div>
<div><u> CLOSE9.38 1/4 Down 7 3/4 CLOSE 9.50 1/4 Down 3 3/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAY1+JUL1+JUL17</u></div>
<div><u>CK Low 2.50 11.88 436.612.35 11.85 435.50</u></div>
<div><u>CK High 2.55 11.93 438.442.45 11.95 439.18</u></div>
<div><u>CK Average 2.51 -0.4911.89 437.052.41 -0.6011.91 437.65</u></div>
<div><u>Essex Cty N/A 2.45 11.95 439.18</u></div>
<div><u>Mdsx Low 2.51 11.89 436.972.38 11.88 436.61</u></div>
<div><u>Mdsx High 2.55 11.93 438.442.40 11.90 437.34</u></div>
<div><u>Mdsx Average 2.53 -0.4711.91 437.712.39 -0.6111.89 436.97</u></div>
<div><u>Hensall 2.58 11.96 439.362.45 11.95 439.18</u></div>
<div><u>Bruce 2.55 11.93 438.442.40 11.90 437.34</u></div>
<div><u>Putnam 2.70 12.08 443.962.55 12.05 442.85</u></div>
<div><u>Burford 2.62 12.00 441.022.49 11.99 440.65</u></div>
<div><u>Port Perry 2.51 11.89 436.972.38 11.88 436.61</u></div>
<div><u>Norfolk 2.55 11.93 438.442.55 12.05 442.85</u></div>
<div><u>Palmerston N/A 2.50 12.00 441.02</u></div>
<div><u>Varna 2.55 11.93 438.442.45 11.95 439.18</u></div>
<div><u>Trenton 2.65 12.03 442.122.50 12.00 441.02</u></div>
<div><u>Winchester 2.39 11.77 432.572.65 12.15 446.53</u></div>
<div><u>North Gower 2.40 11.78 432.932.53 12.03 442.12</u></div>
<div><u>Huron FOB 2.75 12.13 445.792.60 12.10 444.69</u></div>
<div><u>Kent FOB 2.60 11.98 440.282.40 11.90 437.34</u></div>
<div><u>Lambton FOB 2.60 11.98 440.282.50 12.00 441.02</u></div>
<div><u>Middlesex FOB2.68 2.68 N/A N/A 12.06 443.222.55 12.05 442.85</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.00 2.95 N/A N/A 12.38 454.982.95 12.45 457.55</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott N/A 2.81 12.31 452.41</u></div>
<div><u>Sarnia 2.57 11.95 439.182.82 12.32 452.77</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.39 8.99 330.50-0.52 8.98 329.99</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3389 up 0.0067</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 4.34 JUL17 HI 4.46</u></div>
<div><u> LOW 4.27 LOW 4.39 1/2</u></div>
<div><u> CLOSE 4.27 3/4 Up 1 1/4 CLOSE 4.40 1/4 Up 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 5.36 1/2 SEP17 HI 5.51 3/4</u></div>
<div><u> LOW 5.30 1/4 LOW 5.46</u></div>
<div><u> CLOSE 5.31 Down 3 1/4 CLOSE 5.46 1/2 Down 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.71 0.71 0.71 0.32</u></div>
<div><u>CAD $/bu 4.98 4.98 4.98 5.63</u></div>
<div><u>CAD $/tonne 183.17 183.17 183.17 206.88</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2016 Harvest 2017</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 0.70 N/A N/A N/A 0.75 N/A</u></div>
<div><u>London 0.78 0.72 0.72 N/A 0.96 0.69 0.76 N/A</u></div>
<div><u>Hensall 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A</u></div>
<div><u>Bruce 0.80 0.70 0.70 0.40 0.90 0.70 0.75 0.60</u></div>
<div><u>Essex N/A N/A 0.62 N/A N/A N/A 0.76 N/A</u></div>
<div><u>Norwich 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A</u></div>
<div><u>Port Hope N/A N/A 0.70 N/A N/A 0.75 0.80 N/A</u></div>
<div><u>Kent Bridge 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A</u></div>
<div><u>Chatham N/A N/A 0.70 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Palmerston N/A N/A N/A N/A N/A 0.70 0.75 0.60</u></div>
<div><u>Varna 0.80 0.70 0.70 N/A 1.05 0.75 0.75 N/A</u></div>
<div><u>Mitchell 0.80 0.70 0.70 N/A 0.90 0.75 0.75 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.36 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.57 0.57 0.09 N/A 1.08 1.08 0.64</u></div>
<div><u>W O Feed 1.38</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia N/A N/A 1.02 N/A N/A N/A 1.12 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 0.95 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.44N/A N/A N/A 1.49N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. N/A 4.25US 5.69CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.08 1.08 1.08 0.77</u></div>
<div><u>CAD $/bu 5.49 5.49 5.49 6.24</u></div>
<div><u>CAD $/tonne 201.59 201.59 201.59 229.23</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 463.64</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00</u></div>
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<div><span style="color:rgb(51,51,51); font-family:"Courier New",monospace; font-size:10pt; background-color:rgb(253,253,253)">Blair Andrews</span><br style="color:rgb(51,51,51); font-family:monospace; font-size:13px; background-color:rgb(253,253,253)">
<span style="font-family:"Courier New",monospace; font-size:10pt"></span><span style="color:rgb(51,51,51); font-family:"Courier New",monospace; font-size:10pt; background-color:rgb(253,253,253)">
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1500</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
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