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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, April 26</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3592 down 0.0023</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 3.67 1/4 DEC17 HI 3.91 3/4</u></div>
<div><u> LOW 3.58 1/4 LOW 3.83 1/4</u></div>
<div><u> CLOSE3.59 Down 6 CLOSE 3.84 1/4 Down 4 3/4</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 4.29 168.89 0.90 4.74 186.70</u></div>
<div><u>CK High 0.88 4.47 175.98 0.95 4.79 188.67</u></div>
<div><u>CK Avg 0.79 -0.37 4.38 172.43 0.91 -0.35 4.75 187.03</u></div>
<div><u>Essex Cty 0.50 4.09 161.02 0.85 4.69 184.74</u></div>
<div><u>Mdsx Low 0.75 4.34 170.86 0.90 4.74 186.70</u></div>
<div><u>Mdsx High 0.83 4.42 174.01 0.90 4.74 186.70</u></div>
<div><u>Mdsx Avg 0.79 -0.37 4.38 172.43 0.90 -0.35 4.74 186.70</u></div>
<div><u>Hensall 0.82 4.41 173.42 0.93 4.77 187.69</u></div>
<div><u>Bruce 0.88 4.47 175.98 1.00 4.84 190.64</u></div>
<div><u>Putnam 0.75 4.34 170.86 0.90 4.74 186.70</u></div>
<div><u>Burford 0.80 4.39 172.83 0.90 4.74 186.70</u></div>
<div><u>Port Perry 1.00 4.59 180.70 0.90 4.74 186.70</u></div>
<div><u>Norfolk 0.85 4.44 174.80 1.00 4.84 190.64</u></div>
<div><u>Palmerston 0.80 4.39 172.83 0.90 4.74 186.70</u></div>
<div><u>Varna 0.80 4.39 172.83 0.95 4.79 188.67</u></div>
<div><u>Trenton 1.05 4.64 182.67 0.95 4.79 188.67</u></div>
<div><u>Winchester 1.20 4.79 188.57 1.25 5.09 200.48</u></div>
<div><u>North Gower 1.13 4.72 185.82 1.00 4.84 190.64</u></div>
<div><u>Huron FOB 1.12 4.71 185.42 1.00 4.84 190.64</u></div>
<div><u>Kent FOB 1.05 4.64 182.67 0.90 4.74 186.70</u></div>
<div><u>Lamb FOB 1.00 4.59 180.70 0.85 4.69 184.74</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.90 0.90 4.44 174.80 0.90 4.74 186.70</u></div>
<div><u>FOB SW Que 1.39 4.98 196.05N/A</u></div>
<div><u>Track 1.25 4.84 190.54N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.20 1.25 1.25 1.07 4.91 193.40</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 4.89 192.61</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 N/A 1.10 4.94 194.58</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.15 4.99 196.55</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.25 5.09 200.48</u></div>
<div><u>W O Feed 1.42 5.01 197.08</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.71 5.30 208.65</u></div>
<div><u>Toledo El. -0.10 3.49 137.58 -0.34 3.50 137.89</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.70 4.29 168.89 0.90 4.74186 5/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.79 4.38 0.92 1/2 4.76 3/4</u></div>
<div><u>HI SD CRN 0.88 4.47 0.95 4.79 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 1.3592 down 0.0023</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY17 HI 9.58 NOV17 HI 9.64 1/2</u></div>
<div><u> LOW 9.44 1/2 LOW 9.52</u></div>
<div><u> CLOSE9.45 3/4 Down 8 3/4 CLOSE 9.54 Down 7 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 2.66 12.12 445.242.45 11.99 440.56</u></div>
<div><u>CK High 2.76 12.22 448.922.50 12.04 442.39</u></div>
<div><u>CK Average 2.73 -0.4912.19 447.882.49 -0.7012.03 441.90</u></div>
<div><u>Essex Cty 2.75 12.21 448.552.50 12.04 442.39</u></div>
<div><u>Mdsx Low 2.71 12.17 447.082.45 11.99 440.56</u></div>
<div><u>Mdsx High 2.81 12.27 450.752.55 12.09 444.23</u></div>
<div><u>Mdsx Average 2.76 -0.4712.22 448.922.50 -0.6912.04 442.39</u></div>
<div><u>Hensall 2.78 12.24 449.652.55 12.09 444.23</u></div>
<div><u>Bruce 2.81 12.27 450.752.55 12.09 444.23</u></div>
<div><u>Putnam 2.70 12.16 446.712.55 12.09 444.23</u></div>
<div><u>Burford 2.82 12.28 451.122.56 12.10 444.60</u></div>
<div><u>Port Perry 2.71 12.17 447.082.45 11.99 440.56</u></div>
<div><u>Norfolk 2.80 12.26 450.392.60 12.14 446.07</u></div>
<div><u>Palmerston 2.65 12.11 444.872.40 11.94 438.72</u></div>
<div><u>Varna 2.75 12.21 448.552.55 12.09 444.23</u></div>
<div><u>Trenton 2.70 12.16 446.712.55 12.09 444.23</u></div>
<div><u>Winchester 2.81 12.27 450.752.47 12.01 441.29</u></div>
<div><u>North Gower 2.56 12.02 441.572.69 12.23 449.38</u></div>
<div><u>Huron FOB 2.90 12.36 454.062.65 12.19 447.91</u></div>
<div><u>Kent FOB 2.85 12.31 452.222.50 12.04 442.39</u></div>
<div><u>Lambton FOB 2.86 12.32 452.592.65 12.19 447.91</u></div>
<div><u>Middlesex FOB2.88 2.95 N/A N/A 12.34 453.332.67 12.21 448.64</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.20 3.15 N/A N/A 12.66 465.083.05 12.59 462.60</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.77 12.23 449.282.98 12.52 460.03</u></div>
<div><u>Sarnia 2.63 12.09 444.142.87 12.41 455.99</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.29 9.17 337.01-0.57 8.97 329.55</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3592 down 0.0023</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAY17 HI 4.13 3/4 JUL17 HI 4.32 1/2</u></div>
<div><u> LOW 4.05 3/4 LOW 4.24 1/2</u></div>
<div><u> CLOSE 4.07 3/4 Down 1 CLOSE 4.26 1/2 Down 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 5.40 1/4 SEP17 HI 5.59 3/4</u></div>
<div><u> LOW 5.33 1/2 LOW 5.50 1/2</u></div>
<div><u> CLOSE 5.37 3/4 Up 4 CLOSE 5.57 Up 5 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 0.72 0.72 0.72 0.44</u></div>
<div><u>CAD $/bu 4.80 4.80 4.80 5.82</u></div>
<div><u>CAD $/tonne 176.25 176.25 176.25 213.72</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 0.80 N/A</u></div>
<div><u>London 0.78 0.78 0.72 N/A 0.99 0.78 0.78 N/A</u></div>
<div><u>Hensall 0.99 N/A 0.89 N/A 0.95 N/A 0.80 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 0.99 0.89 0.89 0.53 0.95 0.75 0.80 0.60</u></div>
<div><u>Essex N/A N/A 0.51 N/A N/A N/A 0.63 N/A</u></div>
<div><u>Norwich 0.99 N/A 0.89 N/A 0.95 N/A 0.80 N/A</u></div>
<div><u>Port Hope N/A N/A 0.70 N/A N/A 0.80 0.85 N/A</u></div>
<div><u>Kent Bridge 0.99 N/A 0.89 N/A 0.95 N/A 0.80 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 0.75 0.75 N/A 1.10 0.80 0.80 N/A</u></div>
<div><u>Mitchell 0.99 0.89 0.89 N/A 0.95 0.80 0.80 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.10 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.61 0.61 0.21 N/A 1.13 1.13 0.78</u></div>
<div><u>W O Feed 1.44</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia N/A N/A 1.02 N/A 1.33 N/A 1.10 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 1.47N/A N/A N/A 1.53N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.03US 5.48CA 4.12US 5.60CA</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 1.13 1.13 1.13 0.92</u></div>
<div><u>CAD $/bu 5.39 5.39 5.39 6.49</u></div>
<div><u>CAD $/tonne 198.11 198.11 198.11 238.33</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 462.54</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>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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