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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, April 28</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3657 down 0.0010</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.69 DEC17 HI 3.87</u></div>
<div><u> LOW 3.63 1/2 LOW 3.81 3/4</u></div>
<div><u> CLOSE3.66 1/2 Down 2 3/4 CLOSE 3.85 Down 1 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+SEP17+SEP17</u></div>
<div><u>CK Low 0.70 4.37 171.84 0.85 4.70 185.03</u></div>
<div><u>CK High 0.80 4.47 175.78 0.95 4.80 188.97</u></div>
<div><u>CK Avg 0.72 -0.45 4.39 172.63 0.90 -0.37 4.75 187.00</u></div>
<div><u>Essex Cty 0.50 4.17 163.97 0.85 4.70 185.03</u></div>
<div><u>Mdsx Low 0.70 4.37 171.84 0.90 4.75 187.00</u></div>
<div><u>Mdsx High 0.75 4.42 173.81 0.90 4.75 187.00</u></div>
<div><u>Mdsx Avg 0.73 -0.45 4.39 172.83 0.90 -0.37 4.75 187.00</u></div>
<div><u>Hensall 0.75 4.42 173.81 0.93 4.78 187.98</u></div>
<div><u>Bruce 0.80 4.47 175.78 1.00 4.85 190.94</u></div>
<div><u>Putnam 0.67 4.34 170.66 0.90 4.75 187.00</u></div>
<div><u>Burford 0.75 4.42 173.81 0.90 4.75 187.00</u></div>
<div><u>Port Perry 0.90 4.57 179.72 0.90 4.75 187.00</u></div>
<div><u>Norfolk 0.80 4.47 175.78 1.00 4.85 190.94</u></div>
<div><u>Palmerston 0.75 4.42 173.81 0.85 4.70 185.03</u></div>
<div><u>Varna 0.75 4.42 173.81 0.95 4.80 188.97</u></div>
<div><u>Trenton 0.97 4.64 182.47 0.95 4.80 188.97</u></div>
<div><u>Winchester 1.20 4.87 191.53 1.20 5.05 198.81</u></div>
<div><u>North Gower 1.19 4.86 191.13 1.00 4.85 190.94</u></div>
<div><u>Huron FOB 1.10 4.77 187.59 1.00 4.85 190.94</u></div>
<div><u>Kent FOB 1.05 4.72 185.62 0.90 4.75 187.00</u></div>
<div><u>Lamb FOB 1.10 4.77 187.59 0.85 4.70 185.03</u></div>
<div><u>Mdsx FOB 0.80 0.80 0.80N/A 4.47 175.78 0.90 4.75 187.00</u></div>
<div><u>FOB SW Que 1.32 4.99 196.25N/A</u></div>
<div><u>Track 1.25 4.92 193.49N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.20 1.25 1.25 1.30 4.87 191.53 1.07 4.92 193.69</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 1.25 1.35 1.05 4.90 192.90</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 4.92 193.49N/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 1.35 1.10 4.95 194.87</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.15 5.00 196.84</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.25 5.10 200.78</u></div>
<div><u>W O Feed 1.46 5.12 201.68</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.75 5.42 213.18</u></div>
<div><u>Toledo El. -0.20 3.46 136.22 -0.34 3.51 138.13</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.65 4.32 169.87 0.90 4.75187</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.75 4.41 1/2 0.90 1 4.75</u></div>
<div><u>HI SD CRN 0.80 4.46 1/2 0.95 4.80</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3657 down 0.0010</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.58 1/2 NOV17 HI 9.55</u></div>
<div><u> LOW 9.52 1/2 LOW 9.49 1/2</u></div>
<div><u> CLOSE9.56 1/4 Down 1 CLOSE 9.53 1/4 Down 1 1/4</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 +JUL1+JUL1+NOV17</u></div>
<div><u>CK Low 2.65 12.21 448.732.50 12.03 442.12</u></div>
<div><u>CK High 2.70 12.26 450.572.55 12.08 443.96</u></div>
<div><u>CK Average 2.67 -0.6112.23 449.322.54 -0.6912.07 443.51</u></div>
<div><u>Essex Cty 2.65 12.21 448.732.50 12.03 442.12</u></div>
<div><u>Mdsx Low 2.68 12.24 449.832.52 12.05 442.85</u></div>
<div><u>Mdsx High 2.70 12.26 450.572.60 12.13 445.79</u></div>
<div><u>Mdsx Average 2.69 -0.5912.25 450.202.56 -0.6812.09 444.32</u></div>
<div><u>Hensall 2.70 12.26 450.572.58 12.11 444.87</u></div>
<div><u>Bruce 2.70 12.26 450.572.60 12.13 445.79</u></div>
<div><u>Putnam 2.59 12.15 446.532.55 12.08 443.96</u></div>
<div><u>Burford 2.79 12.35 453.882.63 12.16 446.90</u></div>
<div><u>Port Perry 2.68 12.24 449.832.52 12.05 442.85</u></div>
<div><u>Norfolk 2.75 12.31 452.412.60 12.13 445.79</u></div>
<div><u>Palmerston 2.70 12.26 450.572.55 12.08 443.96</u></div>
<div><u>Varna 2.70 12.26 450.572.55 12.08 443.96</u></div>
<div><u>Trenton 2.59 12.15 446.532.55 12.08 443.96</u></div>
<div><u>Winchester 2.75 12.31 452.412.50 12.03 442.12</u></div>
<div><u>North Gower 2.60 12.16 446.902.65 12.18 447.63</u></div>
<div><u>Huron FOB 2.85 12.41 456.082.65 12.18 447.63</u></div>
<div><u>Kent FOB 2.80 12.36 454.242.55 12.08 443.96</u></div>
<div><u>Lambton FOB 2.75 12.31 452.412.65 12.18 447.63</u></div>
<div><u>Middlesex FOB2.92 2.85 N/A N/A 12.48 458.652.73 12.26 450.57</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.22 3.15 3.15 N/A 12.78 469.683.10 12.63 464.16</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.94 12.50 459.393.05 12.58 462.33</u></div>
<div><u>Sarnia 2.68 12.24 449.832.92 12.45 457.55</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.44 9.13 335.30-0.57 8.96 329.18</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3657 down 0.0010</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 4.18 1/2 JUL17 HI 4.34 1/2</u></div>
<div><u> LOW 4.13 LOW 4.29 1/2</u></div>
<div><u> CLOSE 4.18 1/2 Up 5 CLOSE 4.32 1/4 Up 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAY17 HI 5.43 SEP17 HI 5.62 1/4</u></div>
<div><u> LOW 5.36 1/4 LOW 5.53 1/2</u></div>
<div><u> CLOSE 5.40 3/4 Up 3/4 CLOSE 5.61 Up 1 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 0.78 0.78 0.78 0.48</u></div>
<div><u>CAD $/bu 4.96 4.96 4.96 5.88</u></div>
<div><u>CAD $/tonne 182.40 182.40 182.40 216.15</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 0.94 N/A N/A N/A 0.75 N/A</u></div>
<div><u>London 0.85 0.85 0.78 N/A 1.04 0.84 0.84 N/A</u></div>
<div><u>Hensall 0.94 N/A 0.84 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 0.95 N/A</u></div>
<div><u>Bruce 0.94 0.84 0.84 0.54 0.95 0.75 0.80 0.60</u></div>
<div><u>Essex N/A N/A 0.71 N/A N/A N/A 0.66 N/A</u></div>
<div><u>Norwich 0.94 N/A 0.84 N/A 0.95 N/A 0.80 N/A</u></div>
<div><u>Port Hope N/A N/A 0.84 N/A N/A 0.80 0.85 N/A</u></div>
<div><u>Kent Bridge 0.94 N/A 0.84 N/A 0.95 N/A 0.80 N/A</u></div>
<div><u>Chatham N/A N/A 0.79 N/A N/A N/A 0.80 N/A</u></div>
<div><u>Brigden N/A N/A 0.79 N/A N/A N/A 0.80 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 0.84 0.79 0.79 N/A 1.10 0.80 0.80 N/A</u></div>
<div><u>Mitchell 0.94 0.84 0.84 N/A 0.95 0.80 0.80 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.24 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.79 0.79 0.40 N/A 1.19 1.19 0.49</u></div>
<div><u>W O Feed 1.60</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.26 N/A 1.16 N/A 1.16 N/A 1.06 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 1.08 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.53N/A N/A N/A 1.58N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.13US 5.63CA 4.17US 5.70CA</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 1.17 1.17 1.17 0.62</u></div>
<div><u>CAD $/bu 5.49 5.49 5.49 6.23</u></div>
<div><u>CAD $/tonne 201.85 201.85 201.85 228.82</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 464.96</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
<p></p>
<p><u></u></p>
<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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