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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3695 down 0.0020</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.75 3/4 DEC17 HI 3.93 1/2</u></div>
<div><u> LOW 3.70 LOW 3.87 3/4</u></div>
<div><u> CLOSE3.74 3/4 Up 2 1/2 CLOSE 3.92 1/4 Up 2 1/4</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 4.45 175.09 0.90 4.82 189.85</u></div>
<div><u>CK High 0.80 4.55 179.03 0.95 4.87 191.82</u></div>
<div><u>CK Avg 0.72 -0.49 4.46 175.75 0.91 -0.40 4.83 190.18</u></div>
<div><u>Essex Cty 0.50 4.25 167.22 0.90 4.82 189.85</u></div>
<div><u>Mdsx Low 0.70 4.45 175.09 0.90 4.82 189.85</u></div>
<div><u>Mdsx High 0.75 4.50 177.06 0.95 4.87 191.82</u></div>
<div><u>Mdsx Avg 0.73 -0.48 4.47 176.07 0.93 -0.38 4.85 190.84</u></div>
<div><u>Hensall 0.75 4.50 177.06 0.95 4.87 191.82</u></div>
<div><u>Bruce 0.80 4.55 179.03 1.00 4.92 193.79</u></div>
<div><u>Putnam 0.75 4.50 177.06 0.90 4.82 189.85</u></div>
<div><u>Burford 0.75 4.50 177.06 0.90 4.82 189.85</u></div>
<div><u>Port Perry 0.90 4.65 182.96 0.90 4.82 189.85</u></div>
<div><u>Norfolk 0.80 4.55 179.03 1.00 4.92 193.79</u></div>
<div><u>Palmerston 0.75 4.50 177.06 0.90 4.82 189.85</u></div>
<div><u>Varna 0.75 4.50 177.06 0.95 4.87 191.82</u></div>
<div><u>Trenton 1.05 4.80 188.87 0.95 4.87 191.82</u></div>
<div><u>Winchester 1.15 4.90 192.81 1.17 5.09 200.48</u></div>
<div><u>North Gower 1.17 4.92 193.59 1.05 4.97 195.76</u></div>
<div><u>Huron FOB 1.12 4.87 191.63 1.00 4.92 193.79</u></div>
<div><u>Kent FOB 1.05 4.80 188.87 0.95 4.87 191.82</u></div>
<div><u>Lamb FOB 1.05 4.80 188.87 0.90 4.82 189.85</u></div>
<div><u>Mdsx FOB 0.80 0.80 0.80N/A 4.55 179.03 0.90 4.82 189.85</u></div>
<div><u>FOB SW Que 1.30 5.05 198.71N/A</u></div>
<div><u>Track 1.24 4.99 196.35N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.20 1.25 1.25 1.30 4.95 194.77 1.07 4.99 196.55</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 5.02 197.73</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 5.00 196.74N/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 5.02 197.73</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.15 5.07 199.70</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.25 5.17 203.63</u></div>
<div><u>W O Feed 1.48 5.22 205.64</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.79 5.54 218.00</u></div>
<div><u>Toledo El. -0.19 3.56 139.98 -0.34 3.58 140.94</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.65 4.40 173.12 0.90 4.82189 6/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.92 1/2 4.84 3/4</u></div>
<div><u>HI SD CRN 0.95 4.87 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3695 down 0.0020</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.76 1/2 NOV17 HI 9.71</u></div>
<div><u> LOW 9.66 1/2 LOW 9.63</u></div>
<div><u> CLOSE9.75 1/4 Up 6 1/2 CLOSE 9.70 Up 5 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 2.80 12.55 461.232.60 12.30 451.95</u></div>
<div><u>CK High 2.85 12.60 463.062.70 12.40 455.62</u></div>
<div><u>CK Average 2.83 -0.5712.58 462.142.65 -0.6812.35 453.85</u></div>
<div><u>Essex Cty 2.80 12.55 461.232.60 12.30 451.95</u></div>
<div><u>Mdsx Low 2.85 12.60 463.062.64 12.34 453.42</u></div>
<div><u>Mdsx High 2.85 12.60 463.062.70 12.40 455.62</u></div>
<div><u>Mdsx Average 2.85 -0.5512.60 463.062.67 -0.6712.37 454.52</u></div>
<div><u>Hensall 2.85 12.60 463.062.65 12.35 453.78</u></div>
<div><u>Bruce 2.85 12.60 463.062.70 12.40 455.62</u></div>
<div><u>Putnam 2.70 12.45 457.552.60 12.30 451.95</u></div>
<div><u>Burford 2.96 12.71 467.102.75 12.45 457.46</u></div>
<div><u>Port Perry 2.85 12.60 463.062.64 12.34 453.42</u></div>
<div><u>Norfolk 2.90 12.65 464.902.70 12.40 455.62</u></div>
<div><u>Palmerston 2.85 12.60 463.062.65 12.35 453.78</u></div>
<div><u>Varna 2.80 12.55 461.232.70 12.40 455.62</u></div>
<div><u>Trenton 2.85 12.60 463.062.70 12.40 455.62</u></div>
<div><u>Winchester 2.78 12.53 460.492.65 12.35 453.78</u></div>
<div><u>North Gower 2.60 12.35 453.882.84 12.54 460.77</u></div>
<div><u>Huron FOB 2.97 12.72 467.472.80 12.50 459.30</u></div>
<div><u>Kent FOB 3.00 12.75 468.572.65 12.35 453.78</u></div>
<div><u>Lambton FOB 3.00 12.75 468.572.80 12.50 459.30</u></div>
<div><u>Middlesex FOB3.10 3.03 N/A N/A 12.85 472.252.85 12.55 461.13</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.48 3.33 3.33 N/A 13.23 486.213.24 12.94 475.46</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 3.05 12.80 470.413.16 12.86 472.52</u></div>
<div><u>Sarnia 2.79 12.54 460.863.02 12.72 467.38</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.36 9.40 345.26-0.58 9.12 335.28</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3695 down 0.0020</u></div>
<div><u>Chicago wheat closed steady.</u></div>
<div><u>JUL17 HI 4.56 JUL17 HI 4.56</u></div>
<div><u> LOW 4.45 3/4 LOW 4.45 3/4</u></div>
<div><u> CLOSE 4.54 Unchanged CLOSE 4.54 Unchanged</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL17 HI 5.62 SEP17 HI 5.66 1/2</u></div>
<div><u> LOW 5.50 1/4 LOW 5.55</u></div>
<div><u> CLOSE 5.61 1/4 Up 3 3/4 CLOSE 5.65 3/4 Up 4 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 0.36</u></div>
<div><u>CAD $/bu 5.26 5.26 5.26 5.97</u></div>
<div><u>CAD $/tonne 193.23 193.23 193.23 219.52</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 0.80 N/A N/A N/A 0.90 N/A</u></div>
<div><u>London 0.92 0.92 0.72 N/A 0.99 0.92 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 1.05 N/A</u></div>
<div><u>Bruce 0.90 0.50 0.80 0.30 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 0.65 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 0.95 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 0.80 N/A 1.25 0.90 0.95 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 0.54 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.63 0.63 0.16 N/A 1.30 1.30 0.55</u></div>
<div><u>W O Feed 1.47</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 1.18 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A 1.21 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.68N/A N/A N/A 1.68N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.39US 6.01CA 4.39US 6.01CA</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 6.31</u></div>
<div><u>CAD $/tonne 213.36 213.36 213.36 231.85</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>
<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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