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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, April 18</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3381 up 0.0104</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.68 DEC17 HI 3.91 1/2</u></div>
<div><u> LOW 3.60 3/4 LOW 3.85 1/4</u></div>
<div><u> CLOSE3.61 3/4 Down 4 3/4 CLOSE 3.86 1/4 Down 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 4.32 169.97 0.85 4.71 185.52</u></div>
<div><u>CK High 0.80 4.42 173.91 0.95 4.81 189.46</u></div>
<div><u>CK Avg 0.78 -0.33 4.40 173.25 0.93 -0.28 4.79 188.48</u></div>
<div><u>Essex Cty 0.55 4.17 164.07 0.85 4.71 185.52</u></div>
<div><u>Mdsx Low 0.80 4.42 173.91 0.90 4.76 187.49</u></div>
<div><u>Mdsx High 0.80 4.42 173.91 0.95 4.81 189.46</u></div>
<div><u>Mdsx Avg 0.80 -0.31 4.42 173.91 0.93 -0.28 4.79 188.48</u></div>
<div><u>Hensall 0.80 4.42 173.91 0.95 4.81 189.46</u></div>
<div><u>Bruce 0.80 4.42 173.91 1.00 4.86 191.43</u></div>
<div><u>Putnam 0.75 4.37 171.94 0.85 4.71 185.52</u></div>
<div><u>Burford 0.85 4.47 175.88 0.90 4.76 187.49</u></div>
<div><u>Port Perry 1.00 4.62 181.78 0.90 4.76 187.49</u></div>
<div><u>Norfolk 0.90 4.52 177.85 1.00 4.86 191.43</u></div>
<div><u>Palmerston 0.75 4.37 171.94 0.95 4.81 189.46</u></div>
<div><u>Varna 0.80 4.42 173.91 0.95 4.81 189.46</u></div>
<div><u>Trenton 1.05 4.67 183.75 0.95 4.81 189.46</u></div>
<div><u>Winchester 1.16 4.78 188.08 1.18 5.04 198.51</u></div>
<div><u>North Gower 1.12 4.74 186.51 1.00 4.86 191.43</u></div>
<div><u>Huron FOB 1.05 4.67 183.75 0.95 4.81 189.46</u></div>
<div><u>Kent FOB 1.10 4.72 185.72 0.90 4.76 187.49</u></div>
<div><u>Lamb FOB 1.00 4.62 181.78 0.85 4.71 185.52</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90 0.90 4.47 175.88 0.90 4.76 187.49</u></div>
<div><u>FOB SW Que 1.20 4.82 189.66N/A</u></div>
<div><u>Track 1.23 4.84 190.64N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.30 1.30 1.27 1.07 4.93 194.18</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 4.91 193.40</u></div>
<div><u>Sarn-Eth 1.20 1.30 1.30N/A 4.82 189.66N/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 4.96 195.36</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 5.11 201.27</u></div>
<div><u>W O Feed 1.37 4.99 196.51</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.62 5.24 206.19</u></div>
<div><u>Toledo El. -0.12 3.50 137.68 -0.33 3.53 138.90</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.72 185.72 0.95 4.81189 1/2</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.75 4.36 3/4 0.90 1 4.76 1/4</u></div>
<div><u>HI SD CRN 0.80 4.41 3/4 0.95 4.81 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 1.3381 up 0.0104</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 9.55 NOV17 HI 9.63 3/4</u></div>
<div><u> LOW 9.39 3/4 LOW 9.50 1/4</u></div>
<div><u> CLOSE9.46 Down 7 1/4 CLOSE 9.56 3/4 Down 5 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 11.91 437.622.30 11.87 436.06</u></div>
<div><u>CK High 2.52 11.98 440.192.40 11.97 439.73</u></div>
<div><u>CK Average 2.49 -0.5211.95 439.212.36 -0.6511.93 438.20</u></div>
<div><u>Essex Cty 2.45 11.91 437.622.30 11.87 436.06</u></div>
<div><u>Mdsx Low 2.49 11.95 439.092.33 11.90 437.16</u></div>
<div><u>Mdsx High 2.55 12.01 441.292.40 11.97 439.73</u></div>
<div><u>Mdsx Average 2.52 -0.5011.98 440.192.37 -0.6411.93 438.44</u></div>
<div><u>Hensall 2.55 12.01 441.292.40 11.97 439.73</u></div>
<div><u>Bruce 2.55 12.01 441.292.40 11.97 439.73</u></div>
<div><u>Putnam 2.55 12.01 441.292.40 11.97 439.73</u></div>
<div><u>Burford 2.60 12.06 443.132.44 12.01 441.20</u></div>
<div><u>Port Perry 2.49 11.95 439.092.33 11.90 437.16</u></div>
<div><u>Norfolk 2.57 12.03 442.032.45 12.02 441.57</u></div>
<div><u>Palmerston 2.45 11.91 437.622.35 11.92 437.89</u></div>
<div><u>Varna 2.50 11.96 439.452.30 11.87 436.06</u></div>
<div><u>Trenton 2.50 11.96 439.452.40 11.97 439.73</u></div>
<div><u>Winchester 2.55 12.01 441.292.40 11.97 439.73</u></div>
<div><u>North Gower 2.44 11.90 437.252.54 12.11 444.87</u></div>
<div><u>Huron FOB 2.70 12.16 446.802.50 12.07 443.40</u></div>
<div><u>Kent FOB 2.62 12.08 443.862.35 11.92 437.89</u></div>
<div><u>Lambton FOB 2.55 12.01 441.292.50 12.07 443.40</u></div>
<div><u>Middlesex FOB2.66 2.66 N/A N/A 12.12 445.332.53 12.10 444.51</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.97 2.90 N/A N/A 12.43 456.722.90 12.47 458.10</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.59 12.05 442.762.80 12.37 454.43</u></div>
<div><u>Sarnia 2.42 11.88 436.522.66 12.23 449.28</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 9.15 336.30-0.56 9.01 330.91</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3381 up 0.0104</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 4.23 3/4 JUL17 HI 4.37 3/4</u></div>
<div><u> LOW 4.19 LOW 4.32 3/4</u></div>
<div><u> CLOSE 4.22 1/2 Up 1 1/2 CLOSE 4.37 Up 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAY17 HI 5.39 1/2 SEP17 HI 5.55</u></div>
<div><u> LOW 5.28 3/4 LOW 5.45</u></div>
<div><u> CLOSE 5.39 1/4 Up 10 1/2 CLOSE 5.54 3/4 Up 9 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 0.35</u></div>
<div><u>CAD $/bu 4.91 4.91 4.91 5.74</u></div>
<div><u>CAD $/tonne 180.55 180.55 180.55 210.89</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 0.75 0.75 0.68 N/A 0.93 0.73 0.73 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 0.18 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.56 0.56 0.08 N/A 1.08 1.08 0.63</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 1.42N/A N/A N/A 1.47N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.13US 5.52CA 4.22US 5.64CA</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 1.07 1.07 1.07 0.80</u></div>
<div><u>CAD $/bu 5.44 5.44 5.44 6.35</u></div>
<div><u>CAD $/tonne 199.96 199.96 199.96 233.24</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 459.89</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00</u></div>
<div><br>
</div>
<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: rgb(253, 253, 253);">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background: rgb(253, 253, 253);">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background: rgb(253, 253, 253);">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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