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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, April 19</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3469 up 0.0088</u></div>
<div><u>Chicago corn closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.65 1/4 DEC17 HI 3.90</u></div>
<div><u> LOW 3.60 1/2 LOW 3.85 1/4</u></div>
<div><u> CLOSE3.61 3/4 Unchanged CLOSE 3.86 1/2 Up 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 4.32 169.97 0.85 4.72 185.62</u></div>
<div><u>CK High 0.80 4.42 173.91 0.95 4.82 189.56</u></div>
<div><u>CK Avg 0.78 -0.35 4.40 173.25 0.93 -0.30 4.80 188.90</u></div>
<div><u>Essex Cty 0.55 4.17 164.07 0.85 4.72 185.62</u></div>
<div><u>Mdsx Low 0.80 4.42 173.91 0.95 4.82 189.56</u></div>
<div><u>Mdsx High 0.80 4.42 173.91 0.95 4.82 189.56</u></div>
<div><u>Mdsx Avg 0.80 -0.34 4.42 173.91 0.95 -0.29 4.82 189.56</u></div>
<div><u>Hensall 0.80 4.42 173.91 0.95 4.82 189.56</u></div>
<div><u>Bruce 0.80 4.42 173.91 1.00 4.87 191.53</u></div>
<div><u>Putnam 0.75 4.37 171.94 0.95 4.82 189.56</u></div>
<div><u>Burford 0.85 4.47 175.88 0.95 4.82 189.56</u></div>
<div><u>Port Perry 1.00 4.62 181.78 0.95 4.82 189.56</u></div>
<div><u>Norfolk 0.90 4.52 177.85 1.00 4.87 191.53</u></div>
<div><u>Palmerston 0.75 4.37 171.94 0.95 4.82 189.56</u></div>
<div><u>Varna 0.80 4.42 173.91 0.95 4.82 189.56</u></div>
<div><u>Trenton 1.05 4.67 183.75 0.95 4.82 189.56</u></div>
<div><u>Winchester 1.20 4.82 189.66 1.21 5.08 199.79</u></div>
<div><u>North Gower 1.12 4.74 186.51 1.00 4.87 191.53</u></div>
<div><u>Huron FOB 1.05 4.67 183.75 0.95 4.82 189.56</u></div>
<div><u>Kent FOB 1.10 4.72 185.72 0.90 4.77 187.59</u></div>
<div><u>Lamb FOB 1.00 4.62 181.78 0.85 4.72 185.62</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90 0.90 4.47 175.88 0.95 4.82 189.56</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 4.94 194.28</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 4.92 193.49</u></div>
<div><u>Sarn-Eth N/A 1.30 1.30 1.30 N/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 4.97 195.46</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 5.12 201.37</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 3.50 137.64 -0.34 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 4.82189 5/9</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.75 4.36 3/4 0.90 1 4.76 1/2</u></div>
<div><u>HI SD CRN 0.80 4.41 3/4 0.95 4.81 1/2</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 1.3469 up 0.0088</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 9.54 1/2 NOV17 HI 9.63</u></div>
<div><u> LOW 9.42 3/4 LOW 9.53 1/4</u></div>
<div><u> CLOSE9.50 1/4 Up 4 1/4 CLOSE 9.58 1/4 Up 1 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 11.95 439.182.30 11.88 436.61</u></div>
<div><u>CK High 2.65 12.15 446.532.40 11.98 440.28</u></div>
<div><u>CK Average 2.56 -0.5512.06 443.282.34 -0.7411.92 438.02</u></div>
<div><u>Essex Cty 2.45 11.95 439.182.30 11.88 436.61</u></div>
<div><u>Mdsx Low 2.57 12.07 443.592.35 11.93 438.44</u></div>
<div><u>Mdsx High 2.65 12.15 446.532.36 11.94 438.81</u></div>
<div><u>Mdsx Average 2.61 -0.5112.11 445.062.36 -0.7211.94 438.63</u></div>
<div><u>Hensall 2.60 12.10 444.692.38 11.96 439.36</u></div>
<div><u>Bruce 2.65 12.15 446.532.35 11.93 438.44</u></div>
<div><u>Putnam 2.55 12.05 442.852.40 11.98 440.28</u></div>
<div><u>Burford 2.68 12.18 447.632.47 12.05 442.85</u></div>
<div><u>Port Perry 2.57 12.07 443.592.36 11.94 438.81</u></div>
<div><u>Norfolk 2.65 12.15 446.532.45 12.03 442.12</u></div>
<div><u>Palmerston 2.45 11.95 439.182.35 11.93 438.44</u></div>
<div><u>Varna 2.55 12.05 442.852.40 11.98 440.28</u></div>
<div><u>Trenton 2.55 12.05 442.852.45 12.03 442.12</u></div>
<div><u>Winchester 2.50 12.00 441.022.75 12.33 453.14</u></div>
<div><u>North Gower 2.45 11.95 439.182.54 12.12 445.43</u></div>
<div><u>Huron FOB 2.70 12.20 448.372.50 12.08 443.96</u></div>
<div><u>Kent FOB 2.70 12.20 448.372.35 11.93 438.44</u></div>
<div><u>Lambton FOB 2.60 12.10 444.692.50 12.08 443.96</u></div>
<div><u>Middlesex FOB2.74 2.80 N/A N/A 12.24 449.832.53 12.11 445.06</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.05 3.00 N/A N/A 12.55 461.233.00 12.58 462.33</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.59 12.09 444.322.80 12.38 454.98</u></div>
<div><u>Sarnia 2.49 11.99 440.652.74 12.32 452.77</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 9.19 337.77-0.57 9.02 331.30</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3469 up 0.0088</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 4.25 3/4 JUL17 HI 4.40 1/2</u></div>
<div><u> LOW 4.17 1/2 LOW 4.32 3/4</u></div>
<div><u> CLOSE 4.19 Down 3 1/2 CLOSE 4.34 1/2 Down 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 5.45 1/4 SEP17 HI 5.60 1/2</u></div>
<div><u> LOW 5.34 1/4 LOW 5.49 1/2</u></div>
<div><u> CLOSE 5.37 1/4 Down 2 CLOSE 5.52 Down 2 3/4</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 0.71 0.71 0.71 0.38</u></div>
<div><u>CAD $/bu 4.90 4.90 4.90 5.76</u></div>
<div><u>CAD $/tonne 180.23 180.23 180.23 211.54</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 0.77 0.77 0.71 N/A 0.96 0.76 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 0.90 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 0.20 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.59 0.59 0.15 N/A 1.11 1.11 0.70</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 1.46N/A N/A N/A 1.51N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.09US 5.51CA 4.20US 5.65CA</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 1.11 1.11 1.11 0.84</u></div>
<div><u>CAD $/bu 5.45 5.45 5.45 6.36</u></div>
<div><u>CAD $/tonne 200.28 200.28 200.28 233.70</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 458.35</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;
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
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