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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, April 13</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3265 down 0.0037</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.73 DEC17 HI 3.95 3/4</u></div>
<div><u> LOW 3.68 1/2 LOW 3.91 3/4</u></div>
<div><u> CLOSE3.71 Up 2 CLOSE 3.94 1/2 Up 2</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 0.70 4.41 173.61 0.85 4.80 188.77</u></div>
<div><u>CK High 0.80 4.51 177.55 0.90 4.85 190.74</u></div>
<div><u>CK Avg 0.78 -0.33 4.49 176.89 0.89 -0.31 4.84 190.41</u></div>
<div><u>Essex Cty 0.55 4.26 167.71 0.80 4.75 186.80</u></div>
<div><u>Mdsx Low 0.80 4.51 177.55 0.90 4.85 190.74</u></div>
<div><u>Mdsx High 0.80 4.51 177.55 0.95 4.90 192.71</u></div>
<div><u>Mdsx Avg 0.80 -0.32 4.51 177.55 0.93 -0.28 4.87 191.72</u></div>
<div><u>Hensall 0.80 4.51 177.55 0.95 4.90 192.71</u></div>
<div><u>Bruce 0.80 4.51 177.55 1.00 4.95 194.68</u></div>
<div><u>Putnam 0.75 4.46 175.58 0.85 4.80 188.77</u></div>
<div><u>Burford 0.85 4.56 179.52 0.90 4.85 190.74</u></div>
<div><u>Port Perry 1.00 4.71 185.42 0.90 4.85 190.74</u></div>
<div><u>Norfolk 0.90 4.61 181.49 1.00 4.95 194.68</u></div>
<div><u>Palmerston 0.75 4.46 175.58 0.90 4.85 190.74</u></div>
<div><u>Varna 0.80 4.51 177.55 0.95 4.90 192.71</u></div>
<div><u>Trenton 1.05 4.76 187.39 0.95 4.90 192.71</u></div>
<div><u>Winchester 1.16 4.87 191.72 1.14 5.09 200.19</u></div>
<div><u>North Gower 1.12 4.83 190.15 1.00 4.95 194.68</u></div>
<div><u>Huron FOB 1.05 4.76 187.39 0.95 4.90 192.71</u></div>
<div><u>Kent FOB 1.10 4.81 189.36 0.90 4.85 190.74</u></div>
<div><u>Lamb FOB 1.00 4.71 185.42 0.85 4.80 188.77</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90 0.90 4.56 179.52 0.90 4.85 190.74</u></div>
<div><u>FOB SW Que 1.35 5.06 199.20N/A</u></div>
<div><u>Track 1.20 4.91 193.30N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.30 1.30 1.27 1.07 5.02 197.43</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.25 1.05 5.00 196.64</u></div>
<div><u>Sarn-Eth 1.20 1.30 1.30N/A 4.91 193.30N/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 1.30 1.10 5.05 198.61</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 N/A 1.25 5.20 204.52</u></div>
<div><u>W O Feed 1.36 5.07 199.60</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.62 5.33 209.83</u></div>
<div><u>Toledo El. -0.12 3.59 141.34 -0.33 3.61 142.22</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.81 189.36 0.95 4.90192 5/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.75 4.46</u></div>
<div><u>HI SD CRN 0.80 4.51</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 1.3265 down 0.0037</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 9.59 1/2 NOV17 HI 9.65 1/2</u></div>
<div><u> LOW 9.46 3/4 LOW 9.55</u></div>
<div><u> CLOSE9.55 1/2 Up 7 3/4 CLOSE 9.61 3/4 Up 6 1/4</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 2.40 11.96 439.272.25 11.87 436.06</u></div>
<div><u>CK High 2.50 12.06 442.952.40 12.02 441.57</u></div>
<div><u>CK Average 2.44 -0.5411.99 440.682.31 -0.6511.92 438.08</u></div>
<div><u>Essex Cty 2.45 12.01 441.112.30 11.92 437.89</u></div>
<div><u>Mdsx Low 2.41 11.97 439.642.30 11.92 437.89</u></div>
<div><u>Mdsx High 2.45 12.01 441.112.31 11.93 438.26</u></div>
<div><u>Mdsx Average 2.43 -0.5411.99 440.372.31 -0.6511.92 438.08</u></div>
<div><u>Hensall 2.48 12.03 442.032.30 11.92 437.89</u></div>
<div><u>Bruce 2.45 12.01 441.112.30 11.92 437.89</u></div>
<div><u>Putnam 2.50 12.06 442.952.40 12.02 441.57</u></div>
<div><u>Burford 2.52 12.08 443.682.42 12.04 442.30</u></div>
<div><u>Port Perry 2.41 11.97 439.642.31 11.93 438.26</u></div>
<div><u>Norfolk 2.52 12.08 443.682.35 11.97 439.73</u></div>
<div><u>Palmerston 2.45 12.01 441.112.10 11.72 430.54</u></div>
<div><u>Varna 2.50 12.06 442.952.30 11.92 437.89</u></div>
<div><u>Trenton 2.45 12.01 441.112.35 11.97 439.73</u></div>
<div><u>Winchester 2.50 12.06 442.952.50 12.12 445.24</u></div>
<div><u>North Gower 2.40 11.96 439.272.44 12.06 443.04</u></div>
<div><u>Huron FOB 2.65 12.21 448.462.40 12.02 441.57</u></div>
<div><u>Kent FOB 2.57 12.13 445.522.25 11.87 436.06</u></div>
<div><u>Lambton FOB 2.55 12.11 444.782.45 12.07 443.40</u></div>
<div><u>Middlesex FOB2.58 2.58 N/A N/A 12.14 445.882.48 12.10 444.51</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.90 2.83 N/A N/A 12.46 457.642.83 12.45 457.37</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.59 12.15 446.252.79 12.41 455.90</u></div>
<div><u>Sarnia 2.35 11.91 437.432.58 12.20 448.18</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.33 9.22 338.87-0.56 9.06 332.86</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3265 down 0.0037</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 4.36 JUL17 HI 4.48 3/4</u></div>
<div><u> LOW 4.28 3/4 LOW 4.42 1/4</u></div>
<div><u> CLOSE 4.29 3/4 Down 3 1/2 CLOSE 4.42 3/4 Down 3 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 5.33 SEP17 HI 5.50</u></div>
<div><u> LOW 5.28 LOW 5.45</u></div>
<div><u> CLOSE 5.30 1/4 Up 1 1/2 CLOSE 5.46 3/4 Up 1 1/4</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 0.69 0.69 0.69 0.29</u></div>
<div><u>CAD $/bu 4.98 4.98 4.98 5.59</u></div>
<div><u>CAD $/tonne 183.12 183.12 183.12 205.35</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 0.73 0.73 0.67 N/A 0.91 0.65 0.71 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 0.90 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 0.51 N/A N/A N/A 0.64 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 0.85 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 0.70 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Palmerston N/A 0.70 0.70 0.40 N/A 0.75 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 0.33 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.60 0.60 0.08 N/A 1.10 1.10 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 1.34 N/A 1.11 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 1.01 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.42N/A N/A N/A 1.46N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.20US 5.58CA 4.28US 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 1.06 1.06 1.06 0.74</u></div>
<div><u>CAD $/bu 5.49 5.49 5.49 6.21</u></div>
<div><u>CAD $/tonne 201.69 201.69 201.69 228.08</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 465.73</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00</u></div>
<div><u><br>
</u></div>
<div><u></u>
<p class="MsoNormal"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">Blair Andrews</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">x
63577<span class="apple-converted-space"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1530</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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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