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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, April 21</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3503 up 0.0023</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.58 3/4 DEC17 HI 3.83 1/2</u></div>
<div><u> LOW 3.54 1/4 LOW 3.79 1/4</u></div>
<div><u> CLOSE3.57 Down 3/4 CLOSE 3.82 Down 1/2</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 0.75 4.32 170.07 0.95 4.77 187.79</u></div>
<div><u>CK High 0.80 4.37 172.04 0.95 4.77 187.79</u></div>
<div><u>CK Avg 0.79 -0.34 4.36 171.71 0.95 -0.29 4.77 187.79</u></div>
<div><u>Essex Cty 0.55 4.12 162.20 0.85 4.67 183.85</u></div>
<div><u>Mdsx Low 0.80 4.37 172.04 0.95 4.77 187.79</u></div>
<div><u>Mdsx High 0.80 4.37 172.04 0.95 4.77 187.79</u></div>
<div><u>Mdsx Avg 0.80 -0.33 4.37 172.04 0.95 -0.29 4.77 187.79</u></div>
<div><u>Hensall 0.80 4.37 172.04 0.95 4.77 187.79</u></div>
<div><u>Bruce 0.80 4.37 172.04 1.00 4.82 189.76</u></div>
<div><u>Putnam 0.80 4.37 172.04 0.95 4.77 187.79</u></div>
<div><u>Burford 0.85 4.42 174.01 0.95 4.77 187.79</u></div>
<div><u>Port Perry 1.00 4.57 179.91 0.95 4.77 187.79</u></div>
<div><u>Norfolk 0.90 4.47 175.98 1.00 4.82 189.76</u></div>
<div><u>Palmerston 0.80 4.37 172.04 0.95 4.77 187.79</u></div>
<div><u>Varna 0.80 4.37 172.04 0.95 4.77 187.79</u></div>
<div><u>Trenton 1.05 4.62 181.88 0.95 4.77 187.79</u></div>
<div><u>Winchester 1.19 4.76 187.39 1.20 5.02 197.63</u></div>
<div><u>North Gower 1.12 4.69 184.64 1.00 4.82 189.76</u></div>
<div><u>Huron FOB 1.05 4.62 181.88 0.95 4.77 187.79</u></div>
<div><u>Kent FOB 1.10 4.67 183.85 0.90 4.72 185.82</u></div>
<div><u>Lamb FOB 1.00 4.57 179.91 0.85 4.67 183.85</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90 0.90 4.42 174.01 0.95 4.77 187.79</u></div>
<div><u>FOB SW Que 1.20 4.77 187.79N/A</u></div>
<div><u>Track 1.23 4.80 188.77N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.30 1.30 1.27 N/A</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 4.87 191.72</u></div>
<div><u>Sarn-Eth N/A 1.25 1.25 1.25 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 4.92 193.69</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.15 4.97 195.66</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.25 5.07 199.60</u></div>
<div><u>W O Feed 1.36 4.93 194.24</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.58 5.15 202.75</u></div>
<div><u>Toledo El. -0.09 3.48 136.82 -0.34 3.48 137.10</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.67 183.85 0.95 4.77187 4/5</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.34 1/2 0.95 4.771</u></div>
<div><u>HI SD CRN 0.80 4.37 0.95 4.771</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 1.3503 up 0.0023</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 9.52 3/4 NOV17 HI 9.60 3/4</u></div>
<div><u> LOW 9.44 3/4 LOW 9.52</u></div>
<div><u> CLOSE9.51 Up 4 1/4 CLOSE 9.59 1/2 Up 5 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 2.60 12.11 444.972.35 11.95 438.90</u></div>
<div><u>CK High 2.65 12.16 446.802.40 12.00 440.74</u></div>
<div><u>CK Average 2.64 -0.5112.15 446.442.39 -0.7211.99 440.37</u></div>
<div><u>Essex Cty 2.65 12.16 446.802.35 11.95 438.90</u></div>
<div><u>Mdsx Low 2.64 12.15 446.442.37 11.97 439.64</u></div>
<div><u>Mdsx High 2.70 12.21 448.642.45 12.05 442.58</u></div>
<div><u>Mdsx Average 2.67 -0.4912.18 447.542.41 -0.7012.01 441.11</u></div>
<div><u>Hensall 2.68 12.19 447.722.45 12.05 442.58</u></div>
<div><u>Bruce 2.60 12.11 444.972.45 12.05 442.58</u></div>
<div><u>Putnam 2.60 12.11 444.972.45 12.05 442.58</u></div>
<div><u>Burford 2.75 12.26 450.482.48 12.08 443.68</u></div>
<div><u>Port Perry 2.64 12.15 446.442.37 11.97 439.64</u></div>
<div><u>Norfolk 2.70 12.21 448.642.50 12.10 444.42</u></div>
<div><u>Palmerston 2.65 12.16 446.802.40 12.00 440.74</u></div>
<div><u>Varna 2.65 12.16 446.802.45 12.05 442.58</u></div>
<div><u>Trenton 2.65 12.16 446.802.50 12.10 444.42</u></div>
<div><u>Winchester 2.48 11.99 440.562.73 12.33 452.87</u></div>
<div><u>North Gower 2.50 12.01 441.292.68 12.28 451.03</u></div>
<div><u>Huron FOB 2.80 12.31 452.322.55 12.15 446.25</u></div>
<div><u>Kent FOB 2.75 12.26 450.482.40 12.00 440.74</u></div>
<div><u>Lambton FOB 2.70 12.21 448.642.55 12.15 446.25</u></div>
<div><u>Middlesex FOB2.81 2.88 N/A N/A 12.32 452.682.58 12.18 447.35</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.10 3.05 N/A N/A 12.61 463.342.97 12.57 461.68</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.76 12.27 450.852.96 12.56 461.32</u></div>
<div><u>Sarnia 2.55 12.06 443.132.79 12.39 455.07</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 9.20 338.02-0.57 9.03 331.72</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3503 up 0.0023</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 4.08 JUL17 HI 4.24</u></div>
<div><u> LOW 4.00 LOW 4.16 1/4</u></div>
<div><u> CLOSE 4.05 Down 1 1/4 CLOSE 4.21 Down 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAY17 HI 5.29 1/4 SEP17 HI 5.44 3/4</u></div>
<div><u> LOW 5.21 1/2 LOW 5.37 1/2</u></div>
<div><u> CLOSE 5.26 1/2 Down 1/2 CLOSE 5.42 1/4 Up 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 0.68 0.68 0.68 0.36</u></div>
<div><u>CAD $/bu 4.73 4.73 4.73 5.62</u></div>
<div><u>CAD $/tonne 173.62 173.62 173.62 206.61</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 0.80 0.80 0.74 N/A 0.99 0.79 0.79 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 0.66 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 0.75 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Brigden N/A N/A 0.75 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 0.57 0.57 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 1.36 N/A 1.13 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 1.04 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. 3.95US 5.33CA 4.06US 5.48CA</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 0.82</u></div>
<div><u>CAD $/bu 5.28 5.28 5.28 6.24</u></div>
<div><u>CAD $/tonne 193.96 193.96 193.96 229.31</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 457.03</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>
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