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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 17</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3277 up 0.0012</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.72 DEC17 HI 3.95 1/4</u></div>
<div><u> LOW 3.65 1/2 LOW 3.89</u></div>
<div><u> CLOSE3.66 1/2 Down 4 1/2 CLOSE 3.90 1/4 Down 4 1/4</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 0.70 4.37 171.84 0.85 4.75 187.10</u></div>
<div><u>CK High 0.80 4.47 175.78 0.95 4.85 191.03</u></div>
<div><u>CK Avg 0.78 -0.32 4.45 175.12 0.90 -0.29 4.80 189.07</u></div>
<div><u>Essex Cty 0.55 4.22 165.94 0.85 4.75 187.10</u></div>
<div><u>Mdsx Low 0.80 4.47 175.78 0.90 4.80 189.07</u></div>
<div><u>Mdsx High 0.80 4.47 175.78 0.95 4.85 191.03</u></div>
<div><u>Mdsx Avg 0.80 -0.31 4.47 175.78 0.93 -0.27 4.83 190.05</u></div>
<div><u>Hensall 0.80 4.47 175.78 0.95 4.85 191.03</u></div>
<div><u>Bruce 0.80 4.47 175.78 1.00 4.90 193.00</u></div>
<div><u>Putnam 0.75 4.42 173.81 0.85 4.75 187.10</u></div>
<div><u>Burford 0.85 4.52 177.75 0.90 4.80 189.07</u></div>
<div><u>Port Perry 1.00 4.67 183.65 0.90 4.80 189.07</u></div>
<div><u>Norfolk 0.90 4.57 179.72 1.00 4.90 193.00</u></div>
<div><u>Palmerston 0.75 4.42 173.81 0.95 4.85 191.03</u></div>
<div><u>Varna 0.80 4.47 175.78 0.95 4.85 191.03</u></div>
<div><u>Trenton 1.05 4.72 185.62 0.95 4.85 191.03</u></div>
<div><u>Winchester 1.17 4.84 190.35 1.14 5.04 198.51</u></div>
<div><u>North Gower 1.12 4.79 188.38 1.00 4.90 193.00</u></div>
<div><u>Huron FOB 1.05 4.72 185.62 0.95 4.85 191.03</u></div>
<div><u>Kent FOB 1.10 4.77 187.59 0.90 4.80 189.07</u></div>
<div><u>Lamb FOB 1.00 4.67 183.65 0.85 4.75 187.10</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90 0.90 4.52 177.75 0.90 4.80 189.07</u></div>
<div><u>FOB SW Que 1.20 4.87 191.53N/A</u></div>
<div><u>Track 1.20 4.87 191.53N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.30 1.30 1.27 1.07 4.97 195.76</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 4.95 194.97</u></div>
<div><u>Sarn-Eth 1.20 1.30 1.30N/A 4.87 191.53N/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 5.00 196.94</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 5.15 202.84</u></div>
<div><u>W O Feed 1.37 5.04 198.38</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.62 5.29 208.06</u></div>
<div><u>Toledo El. -0.12 3.55 139.57 -0.33 3.57 140.55</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.77 187.59 0.95 4.85191</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.75 4.41 1/2 0.90 1 4.80 1/4</u></div>
<div><u>HI SD CRN 0.80 4.46 1/2 0.95 4.85 1/4</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 1.3277 up 0.0012</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 9.62 NOV17 HI 9.68 1/4</u></div>
<div><u> LOW 9.51 1/2 LOW 9.60 1/4</u></div>
<div><u> CLOSE9.53 1/4 Down 2 1/4 CLOSE 9.62 1/4 Up 1/2</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 2.45 11.98 440.282.30 11.92 438.08</u></div>
<div><u>CK High 2.52 12.05 442.852.40 12.02 441.75</u></div>
<div><u>CK Average 2.47 -0.5012.00 441.022.33 -0.6311.95 439.00</u></div>
<div><u>Essex Cty 2.45 11.98 440.282.30 11.92 438.08</u></div>
<div><u>Mdsx Low 2.45 11.98 440.282.28 11.90 437.34</u></div>
<div><u>Mdsx High 2.50 12.03 442.122.35 11.97 439.91</u></div>
<div><u>Mdsx Average 2.48 -0.5012.01 441.202.32 -0.6411.94 438.63</u></div>
<div><u>Hensall 2.50 12.03 442.122.33 11.95 439.00</u></div>
<div><u>Bruce 2.50 12.03 442.122.35 11.97 439.91</u></div>
<div><u>Putnam 2.50 12.03 442.122.40 12.02 441.75</u></div>
<div><u>Burford 2.56 12.09 444.322.39 12.01 441.38</u></div>
<div><u>Port Perry 2.45 11.98 440.282.28 11.90 437.34</u></div>
<div><u>Norfolk 2.57 12.10 444.692.40 12.02 441.75</u></div>
<div><u>Palmerston 2.45 11.98 440.282.35 11.97 439.91</u></div>
<div><u>Varna 2.50 12.03 442.122.30 11.92 438.08</u></div>
<div><u>Trenton 2.40 11.93 438.442.30 11.92 438.08</u></div>
<div><u>Winchester 2.49 12.02 441.752.32 11.94 438.81</u></div>
<div><u>North Gower 2.40 11.93 438.442.44 12.06 443.22</u></div>
<div><u>Huron FOB 2.65 12.18 447.632.40 12.02 441.75</u></div>
<div><u>Kent FOB 2.62 12.15 446.532.30 11.92 438.08</u></div>
<div><u>Lambton FOB 2.55 12.08 443.962.45 12.07 443.59</u></div>
<div><u>Middlesex FOB2.62 2.62 N/A N/A 12.15 446.532.48 12.10 444.69</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.93 2.86 N/A N/A 12.46 457.922.86 12.48 458.65</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.59 12.12 445.432.80 12.42 456.45</u></div>
<div><u>Sarnia 2.37 11.90 437.342.61 12.23 449.47</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.33 9.20 338.05-0.56 9.06 333.05</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3277 up 0.0012</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAY17 HI 4.31 1/4 JUL17 HI 4.44 3/4</u></div>
<div><u> LOW 4.19 3/4 LOW 4.33 3/4</u></div>
<div><u> CLOSE 4.21 Down 8 3/4 CLOSE 4.35 3/4 Down 7</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 5.32 SEP17 HI 5.49 1/2</u></div>
<div><u> LOW 5.27 LOW 5.44 1/4</u></div>
<div><u> CLOSE 5.28 3/4 Down 1 1/2 CLOSE 5.45 1/2 Down 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 0.66 0.66 0.66 0.28</u></div>
<div><u>CAD $/bu 4.87 4.87 4.87 5.57</u></div>
<div><u>CAD $/tonne 178.77 178.77 178.77 204.54</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 0.74 0.74 0.67 N/A 0.92 0.72 0.72 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 0.75 0.75 0.60</u></div>
<div><u>Essex N/A N/A 0.51 N/A N/A N/A 0.65 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 0.75 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 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 0.26 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.59 0.59 0.09 N/A 1.10 1.10 0.64</u></div>
<div><u>W O Feed 1.39</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia N/A N/A 1.02 N/A 1.35 N/A 1.12 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 0.96 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.39N/A N/A N/A 1.44N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.11US 5.46CA 4.21US 5.59CA</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 1.04 1.04 1.04 0.73</u></div>
<div><u>CAD $/bu 5.39 5.39 5.39 6.19</u></div>
<div><u>CAD $/tonne 198.19 198.19 198.19 227.37</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 461.21</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00</u></div>
<div><br>
</div>
<div>
<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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153); text-decoration-line: 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>
<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); text-decoration-line: none;">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:10.0pt;
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<br>
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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