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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 1</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3654 down 0.0003</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.79 DEC17 HI 3.95 3/4</u></div>
<div><u> LOW 3.69 1/2 LOW 3.87 1/2</u></div>
<div><u> CLOSE3.77 1/2 Up 11 CLOSE 3.94 1/2 Up 9 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+SEP17+SEP17</u></div>
<div><u>CK Low 0.70 4.48 176.17 0.85 4.80 188.77</u></div>
<div><u>CK High 0.80 4.58 180.11 0.95 4.90 192.71</u></div>
<div><u>CK Avg 0.72 -0.49 4.49 176.83 0.90 -0.40 4.85 190.74</u></div>
<div><u>Essex Cty 0.50 4.28 168.30 0.85 4.80 188.77</u></div>
<div><u>Mdsx Low 0.70 4.48 176.17 0.90 4.85 190.74</u></div>
<div><u>Mdsx High 0.75 4.53 178.14 0.90 4.85 190.74</u></div>
<div><u>Mdsx Avg 0.73 -0.48 4.50 177.16 0.90 -0.40 4.85 190.74</u></div>
<div><u>Hensall 0.75 4.53 178.14 0.93 4.87 191.72</u></div>
<div><u>Bruce 0.80 4.58 180.11 1.00 4.95 194.68</u></div>
<div><u>Putnam 0.75 4.53 178.14 0.90 4.85 190.74</u></div>
<div><u>Burford 0.75 4.53 178.14 0.90 4.85 190.74</u></div>
<div><u>Port Perry 0.90 4.68 184.05 0.90 4.85 190.74</u></div>
<div><u>Norfolk 0.80 4.58 180.11 1.00 4.95 194.68</u></div>
<div><u>Palmerston 0.75 4.53 178.14 0.85 4.80 188.77</u></div>
<div><u>Varna 0.75 4.53 178.14 0.95 4.90 192.71</u></div>
<div><u>Trenton 1.00 4.78 187.98 0.95 4.90 192.71</u></div>
<div><u>Winchester 1.20 4.98 195.86 1.20 5.15 202.55</u></div>
<div><u>North Gower 1.22 5.00 196.64 1.05 5.00 196.64</u></div>
<div><u>Huron FOB 1.10 4.88 191.92 1.00 4.95 194.68</u></div>
<div><u>Kent FOB 1.05 4.83 189.95 0.90 4.85 190.74</u></div>
<div><u>Lamb FOB 1.10 4.88 191.92 0.85 4.80 188.77</u></div>
<div><u>Mdsx FOB 0.80 0.80 0.80N/A 4.58 180.11 0.90 4.85 190.74</u></div>
<div><u>FOB SW Que 1.30 5.08 199.79N/A</u></div>
<div><u>Track 1.25 5.03 197.83N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.20 1.25 1.25 1.30 4.98 195.86 1.07 5.02 197.43</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 5.00 196.64</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 5.03 197.83N/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 5.05 198.61</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.15 5.10 200.58</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.25 5.20 204.52</u></div>
<div><u>W O Feed 1.47 5.24 206.33</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.79 5.57 219.08</u></div>
<div><u>Toledo El. -0.20 3.57 140.55 -0.34 3.60 141.87</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.65 4.43 174.20 0.90 4.85190 3/4</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.90 1 4.84 1/2</u></div>
<div><u>HI SD CRN 0.95 4.89 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3654 down 0.0003</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.74 3/4 NOV17 HI 9.69 1/2</u></div>
<div><u> LOW 9.58 1/2 LOW 9.54 1/4</u></div>
<div><u> CLOSE9.70 1/4 Up 14 CLOSE 9.64 1/2 Up 11 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 12.35 453.882.50 12.15 446.25</u></div>
<div><u>CK High 2.75 12.45 457.552.55 12.20 448.09</u></div>
<div><u>CK Average 2.71 -0.6112.41 456.022.54 -0.7212.19 447.78</u></div>
<div><u>Essex Cty 2.65 12.35 453.882.50 12.15 446.25</u></div>
<div><u>Mdsx Low 2.70 12.40 455.712.53 12.18 447.35</u></div>
<div><u>Mdsx High 2.75 12.45 457.552.60 12.25 449.93</u></div>
<div><u>Mdsx Average 2.73 -0.6012.43 456.632.57 -0.7012.21 448.64</u></div>
<div><u>Hensall 2.73 12.43 456.632.58 12.22 449.01</u></div>
<div><u>Bruce 2.75 12.45 457.552.60 12.25 449.93</u></div>
<div><u>Putnam 2.70 12.40 455.712.60 12.25 449.93</u></div>
<div><u>Burford 2.81 12.51 459.762.64 12.29 451.40</u></div>
<div><u>Port Perry 2.70 12.40 455.712.53 12.18 447.35</u></div>
<div><u>Norfolk 2.80 12.50 459.392.60 12.25 449.93</u></div>
<div><u>Palmerston 2.70 12.40 455.712.55 12.20 448.09</u></div>
<div><u>Varna 2.70 12.40 455.712.55 12.20 448.09</u></div>
<div><u>Trenton 2.70 12.40 455.712.60 12.25 449.93</u></div>
<div><u>Winchester 2.72 12.42 456.452.47 12.12 445.15</u></div>
<div><u>North Gower 2.64 12.34 453.512.72 12.37 454.34</u></div>
<div><u>Huron FOB 2.85 12.55 461.232.65 12.30 451.76</u></div>
<div><u>Kent FOB 2.85 12.55 461.232.55 12.20 448.09</u></div>
<div><u>Lambton FOB 2.80 12.50 459.392.70 12.35 453.60</u></div>
<div><u>Middlesex FOB2.93 2.87 N/A N/A 12.63 464.162.74 12.39 455.07</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.33 3.25 3.25 N/A 13.03 478.863.15 12.80 470.14</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.94 12.64 464.533.05 12.70 466.46</u></div>
<div><u>Sarnia 2.68 12.38 454.982.92 12.57 461.68</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.44 9.27 340.45-0.57 9.07 333.32</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3654 down 0.0003</u></div>
<div><u>Chicago wheat closed sharply higher.</u></div>
<div><u>JUL17 HI 4.57 JUL17 HI 4.57</u></div>
<div><u> LOW 4.38 1/4 LOW 4.38 1/4</u></div>
<div><u> CLOSE 4.56 Up 23 3/4 CLOSE 4.56 Up 23 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>JUL17 HI 5.71 SEP17 HI 5.75</u></div>
<div><u> LOW 5.57 LOW 5.61 1/2</u></div>
<div><u> CLOSE 5.62 3/4 Up 8 CLOSE 5.67 1/2 Up 6 1/2</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 0.35</u></div>
<div><u>CAD $/bu 5.27 5.27 5.27 5.98</u></div>
<div><u>CAD $/tonne 193.65 193.65 193.65 219.61</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 0.80 N/A</u></div>
<div><u>London 0.88 0.88 0.81 N/A 1.08 0.87 0.87 N/A</u></div>
<div><u>Hensall 0.80 N/A 0.70 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 1.00 N/A</u></div>
<div><u>Bruce N/A 0.70 N/A 0.40 0.95 0.75 0.80 0.60</u></div>
<div><u>Essex N/A N/A 0.54 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Norwich 0.80 N/A 0.70 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 0.80 N/A 0.70 N/A 0.95 N/A 0.80 N/A</u></div>
<div><u>Chatham N/A N/A 0.65 N/A N/A N/A 0.80 N/A</u></div>
<div><u>Brigden N/A N/A 0.65 N/A N/A N/A 0.80 N/A</u></div>
<div><u>Palmerston N/A 0.50 0.50 0.30 N/A 0.75 0.75 0.60</u></div>
<div><u>Varna 0.70 0.65 0.65 N/A 1.10 0.80 0.80 N/A</u></div>
<div><u>Mitchell 0.80 0.70 0.70 N/A 0.95 0.80 0.80 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.34 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.68 0.68 0.28 N/A 1.20 1.20 0.52</u></div>
<div><u>W O Feed 1.46</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.12 N/A 1.02 N/A 1.15 N/A 1.05 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 1.67N/A N/A N/A 1.67N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.36US 5.95CA 4.41US 6.02CA</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 1.26 1.26 1.26 0.64</u></div>
<div><u>CAD $/bu 5.82 5.82 5.82 6.31</u></div>
<div><u>CAD $/tonne 213.72 213.72 213.72 232.03</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 468.05</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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