<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p></p>
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p></p>
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, April 25</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3615 up 0.0099</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.68 1/4 DEC17 HI 3.92</u></div>
<div><u> LOW 3.56 1/4 LOW 3.80 1/4</u></div>
<div><u> CLOSE3.65 Up 5 3/4 CLOSE 3.89 Up 5 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 0.70 4.35 171.25 0.90 4.79 188.57</u></div>
<div><u>CK High 0.87 4.52 177.94 0.95 4.84 190.54</u></div>
<div><u>CK Avg 0.76 -0.40 4.41 173.68 0.91 -0.35 4.80 188.90</u></div>
<div><u>Essex Cty 0.50 4.15 163.38 0.85 4.74 186.61</u></div>
<div><u>Mdsx Low 0.75 4.40 173.22 0.90 4.79 188.57</u></div>
<div><u>Mdsx High 0.75 4.40 173.22 0.90 4.79 188.57</u></div>
<div><u>Mdsx Avg 0.75 -0.40 4.40 173.22 0.90 -0.36 4.79 188.57</u></div>
<div><u>Hensall 0.78 4.43 174.20 0.93 4.82 189.56</u></div>
<div><u>Bruce 0.80 4.45 175.19 1.00 4.89 192.51</u></div>
<div><u>Putnam 0.75 4.40 173.22 0.90 4.79 188.57</u></div>
<div><u>Burford 0.80 4.45 175.19 0.90 4.79 188.57</u></div>
<div><u>Port Perry 1.00 4.65 183.06 0.90 4.79 188.57</u></div>
<div><u>Norfolk 0.85 4.50 177.16 1.00 4.89 192.51</u></div>
<div><u>Palmerston 0.80 4.45 175.19 0.90 4.79 188.57</u></div>
<div><u>Varna 0.80 4.45 175.19 0.95 4.84 190.54</u></div>
<div><u>Trenton 1.05 4.70 185.03 0.95 4.84 190.54</u></div>
<div><u>Winchester 1.20 4.85 190.94 1.25 5.14 202.35</u></div>
<div><u>North Gower 1.12 4.77 187.79 1.00 4.89 192.51</u></div>
<div><u>Huron FOB 1.12 4.77 187.79 1.00 4.89 192.51</u></div>
<div><u>Kent FOB 1.05 4.70 185.03 0.90 4.79 188.57</u></div>
<div><u>Lamb FOB 1.00 4.65 183.06 0.85 4.74 186.61</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.90 0.90 4.50 177.16 0.90 4.79 188.57</u></div>
<div><u>FOB SW Que 1.39 5.04 198.42N/A</u></div>
<div><u>Track 1.25 4.90 192.90N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.20 1.25 1.25 1.07 4.96 195.27</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 4.94 194.48</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 4.99 196.45</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.15 5.04 198.42</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.25 5.14 202.35</u></div>
<div><u>W O Feed 1.36 5.01 197.39</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.58 5.23 205.90</u></div>
<div><u>Toledo El. -0.09 3.56 139.96 -0.34 3.55 139.80</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.10 4.75 187.00 0.95 4.84190 1/2</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.78 1/2 4.43 1/2 0.92 1/2 4.81 1/2</u></div>
<div><u>HI SD CRN 0.87 4.521 0.95 4.84</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 1.3615 up 0.0099</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 9.61 NOV17 HI 9.66 1/4</u></div>
<div><u> LOW 9.54 LOW 9.61</u></div>
<div><u> CLOSE9.54 1/2 Down 6 3/4 CLOSE 9.61 3/4 Down 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 2.65 12.20 448.092.35 11.97 439.73</u></div>
<div><u>CK High 2.75 12.30 451.762.51 12.13 445.61</u></div>
<div><u>CK Average 2.72 -0.5012.26 450.602.47 -0.7012.09 444.08</u></div>
<div><u>Essex Cty 2.65 12.20 448.092.35 11.97 439.73</u></div>
<div><u>Mdsx Low 2.75 12.30 451.762.49 12.11 444.87</u></div>
<div><u>Mdsx High 2.81 12.36 453.972.55 12.17 447.08</u></div>
<div><u>Mdsx Average 2.78 -0.4512.33 452.872.52 -0.6612.14 445.98</u></div>
<div><u>Hensall 2.78 12.33 452.872.55 12.17 447.08</u></div>
<div><u>Bruce 2.60 12.15 446.252.45 12.07 443.40</u></div>
<div><u>Putnam 2.70 12.25 449.932.55 12.17 447.08</u></div>
<div><u>Burford 2.86 12.41 455.812.60 12.22 448.92</u></div>
<div><u>Port Perry 2.75 12.30 451.762.49 12.11 444.87</u></div>
<div><u>Norfolk 2.80 12.35 453.602.60 12.22 448.92</u></div>
<div><u>Palmerston 2.65 12.20 448.092.40 12.02 441.57</u></div>
<div><u>Varna 2.65 12.20 448.092.45 12.07 443.40</u></div>
<div><u>Trenton 2.70 12.25 449.932.55 12.17 447.08</u></div>
<div><u>Winchester 2.84 12.39 455.072.47 12.09 444.14</u></div>
<div><u>North Gower 2.57 12.12 445.152.69 12.31 452.22</u></div>
<div><u>Huron FOB 2.90 12.45 457.282.65 12.27 450.75</u></div>
<div><u>Kent FOB 2.85 12.40 455.442.50 12.12 445.24</u></div>
<div><u>Lambton FOB 2.86 12.41 455.812.65 12.27 450.75</u></div>
<div><u>Middlesex FOB2.92 2.98 N/A N/A 12.47 458.012.70 12.32 452.59</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.23 3.15 N/A N/A 12.78 469.403.08 12.70 466.55</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.77 12.32 452.502.98 12.60 462.88</u></div>
<div><u>Sarnia 2.65 12.20 448.092.89 12.51 459.57</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.28 9.26 340.26-0.57 9.05 332.46</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3615 up 0.0099</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAY17 HI 4.11 JUL17 HI 4.29 1/4</u></div>
<div><u> LOW 3.98 1/2 LOW 4.16</u></div>
<div><u> CLOSE 4.08 3/4 Up 6 1/4 CLOSE 4.27 Up 7 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed higher.</u></div>
<div><u>MAY17 HI 5.34 1/4 SEP17 HI 5.52 3/4</u></div>
<div><u> LOW 5.20 1/2 LOW 5.38</u></div>
<div><u> CLOSE 5.33 3/4 Up 12 1/4 CLOSE 5.51 3/4 Up 13</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 0.41</u></div>
<div><u>CAD $/bu 4.80 4.80 4.80 5.74</u></div>
<div><u>CAD $/tonne 176.22 176.22 176.22 211.09</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 0.76 0.76 0.69 N/A 0.96 0.75 0.75 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 0.75 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 0.12 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.57 0.57 0.14 N/A 1.10 1.10 0.71</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 0.98 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.45N/A N/A N/A 1.52N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.99US 5.41CA 4.12US 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 1.11 1.11 1.11 0.88</u></div>
<div><u>CAD $/bu 5.38 5.38 5.38 6.40</u></div>
<div><u>CAD $/tonne 197.77 197.77 197.77 235.00</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 466.84</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>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><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);"> to
unsubscribe from this report.</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);">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>
<u></u><br>
</div>
<u><br>
</u>
<p></p>
<p><u><br>
</u></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size:12pt; color:#000000; background-color:#FFFFFF; font-family:Calibri,Arial,Helvetica,sans-serif">
<p></p>
<div><u><br>
</u></div>
<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<u><br>
</u>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
<p></p>
</div>
<p></p>
</div>
</body>
</html>