<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><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 2</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3715 up 0.0061</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.78 1/4 DEC17 HI 3.95 1/4</u></div>
<div><u> LOW 3.70 1/4 LOW 3.87 3/4</u></div>
<div><u> CLOSE3.72 1/4 Down 5 1/4 CLOSE 3.90 Down 4 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 4.42 174.11 0.90 4.80 188.97</u></div>
<div><u>CK High 0.80 4.52 178.04 0.95 4.85 190.94</u></div>
<div><u>CK Avg 0.72 -0.49 4.44 174.76 0.91 -0.39 4.81 189.30</u></div>
<div><u>Essex Cty 0.50 4.22 166.23 0.90 4.80 188.97</u></div>
<div><u>Mdsx Low 0.70 4.42 174.11 0.90 4.80 188.97</u></div>
<div><u>Mdsx High 0.75 4.47 176.07 0.95 4.85 190.94</u></div>
<div><u>Mdsx Avg 0.73 -0.48 4.45 175.09 0.93 -0.38 4.83 189.95</u></div>
<div><u>Hensall 0.75 4.47 176.07 0.95 4.85 190.94</u></div>
<div><u>Bruce 0.80 4.52 178.04 1.00 4.90 192.90</u></div>
<div><u>Putnam 0.75 4.47 176.07 0.90 4.80 188.97</u></div>
<div><u>Burford 0.75 4.47 176.07 0.90 4.80 188.97</u></div>
<div><u>Port Perry 0.90 4.62 181.98 0.90 4.80 188.97</u></div>
<div><u>Norfolk 0.80 4.52 178.04 1.00 4.90 192.90</u></div>
<div><u>Palmerston 0.75 4.47 176.07 0.90 4.80 188.97</u></div>
<div><u>Varna 0.75 4.47 176.07 0.95 4.85 190.94</u></div>
<div><u>Trenton 1.05 4.77 187.89 0.95 4.85 190.94</u></div>
<div><u>Winchester 1.14 4.86 191.43 1.16 5.06 199.20</u></div>
<div><u>North Gower 1.17 4.89 192.61 1.05 4.95 194.87</u></div>
<div><u>Huron FOB 1.12 4.84 190.64 1.00 4.90 192.90</u></div>
<div><u>Kent FOB 1.05 4.77 187.89 0.90 4.80 188.97</u></div>
<div><u>Lamb FOB 1.05 4.77 187.89 0.85 4.75 187.00</u></div>
<div><u>Mdsx FOB 0.80 0.80 0.80N/A 4.52 178.04 0.90 4.80 188.97</u></div>
<div><u>FOB SW Que 1.30 5.02 197.73N/A</u></div>
<div><u>Track 1.25 4.97 195.76N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.20 1.25 1.25 1.30 4.92 193.79 1.07 4.97 195.66</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 1.35 1.40 1.10 5.00 196.84</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 4.97 195.76N/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 5.00 196.84</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.15 5.05 198.81</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.25 5.15 202.75</u></div>
<div><u>W O Feed 1.48 5.20 204.66</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.79 5.51 217.02</u></div>
<div><u>Toledo El. -0.19 3.53 138.99 -0.34 3.56 140.04</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.65 4.37 172.14 0.90 4.80189</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.92 1/2 4.82 1/2</u></div>
<div><u>HI SD CRN 0.95 4.851</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3715 up 0.0061</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.78 1/2 NOV17 HI 9.72 3/4</u></div>
<div><u> LOW 9.65 1/4 LOW 9.61 1/2</u></div>
<div><u> CLOSE9.68 3/4 Down 1 1/2 CLOSE 9.64 3/4 Up 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 2.75 12.44 457.002.55 12.20 448.18</u></div>
<div><u>CK High 2.85 12.54 460.672.65 12.30 451.86</u></div>
<div><u>CK Average 2.79 -0.5912.48 458.532.62 -0.7012.27 450.81</u></div>
<div><u>Essex Cty 2.80 12.49 458.842.60 12.25 450.02</u></div>
<div><u>Mdsx Low 2.75 12.44 457.002.61 12.26 450.39</u></div>
<div><u>Mdsx High 2.85 12.54 460.672.70 12.35 453.69</u></div>
<div><u>Mdsx Average 2.80 -0.5812.49 458.842.66 -0.6812.30 452.04</u></div>
<div><u>Hensall 2.80 12.49 458.842.65 12.30 451.86</u></div>
<div><u>Bruce 2.85 12.54 460.672.70 12.35 453.69</u></div>
<div><u>Putnam 2.70 12.39 455.162.60 12.25 450.02</u></div>
<div><u>Burford 2.86 12.55 461.042.72 12.37 454.43</u></div>
<div><u>Port Perry 2.75 12.44 457.002.61 12.26 450.39</u></div>
<div><u>Norfolk 2.90 12.59 462.512.70 12.35 453.69</u></div>
<div><u>Palmerston 2.70 12.39 455.162.55 12.20 448.18</u></div>
<div><u>Varna 2.70 12.39 455.162.55 12.20 448.18</u></div>
<div><u>Trenton 2.85 12.54 460.672.70 12.35 453.69</u></div>
<div><u>Winchester 2.77 12.46 457.732.84 12.49 458.84</u></div>
<div><u>North Gower 2.65 12.34 453.332.75 12.40 455.53</u></div>
<div><u>Huron FOB 2.90 12.59 462.512.70 12.35 453.69</u></div>
<div><u>Kent FOB 2.95 12.64 464.352.65 12.30 451.86</u></div>
<div><u>Lambton FOB 2.95 12.64 464.352.80 12.45 457.37</u></div>
<div><u>Middlesex FOB2.99 2.92 N/A N/A 12.68 465.822.82 12.47 458.10</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.40 3.32 3.32 N/A 13.09 480.883.21 12.86 472.43</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 3.00 12.69 466.193.10 12.75 468.39</u></div>
<div><u>Sarnia 2.70 12.39 455.162.95 12.60 462.88</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.36 9.33 342.85-0.58 9.07 333.32</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3715 up 0.0061</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL17 HI 4.61 1/2 JUL17 HI 4.61 1/2</u></div>
<div><u> LOW 4.48 1/4 LOW 4.48 1/4</u></div>
<div><u> CLOSE 4.54 Down 2 CLOSE 4.54 Down 2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>JUL17 HI 5.69 SEP17 HI 5.72 3/4</u></div>
<div><u> LOW 5.55 1/4 LOW 5.59 1/2</u></div>
<div><u> CLOSE 5.57 1/2 Down 5 1/4 CLOSE 5.61 1/2 Down 6</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 0.73 0.73 0.73 0.36</u></div>
<div><u>CAD $/bu 5.27 5.27 5.27 5.93</u></div>
<div><u>CAD $/tonne 193.51 193.51 193.51 217.95</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 0.93 0.93 0.72 N/A 1.00 0.93 0.86 N/A</u></div>
<div><u>Hensall 0.90 N/A 0.80 N/A 1.05 N/A 0.90 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 0.90 0.70 0.80 0.40 1.05 0.75 0.90 0.60</u></div>
<div><u>Essex N/A N/A 0.54 N/A N/A N/A 0.66 N/A</u></div>
<div><u>Norwich 0.90 N/A 0.80 N/A 1.05 N/A 0.90 N/A</u></div>
<div><u>Port Hope N/A N/A 0.80 N/A N/A 0.80 0.90 N/A</u></div>
<div><u>Kent Bridge 0.90 N/A 0.80 N/A 1.05 N/A 0.90 N/A</u></div>
<div><u>Chatham N/A N/A 0.70 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Palmerston N/A 0.50 0.65 0.30 N/A 0.75 0.80 0.60</u></div>
<div><u>Varna 0.75 0.70 0.70 N/A 1.20 0.90 0.90 N/A</u></div>
<div><u>Mitchell 0.90 0.80 0.80 N/A 1.05 0.90 0.90 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.58 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.61 0.61 0.15 N/A 1.30 1.30 0.54</u></div>
<div><u>W O Feed 1.48</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.12 N/A 1.02 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 1.19 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.69N/A N/A N/A 1.69N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.39US 6.02CA 4.39US 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 1.27 1.27 1.27 0.65</u></div>
<div><u>CAD $/bu 5.81 5.81 5.81 6.26</u></div>
<div><u>CAD $/tonne 213.66 213.66 213.66 230.04</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 464.08</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00</u></div>
<div><u><br>
</u></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>
<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>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>