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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 5</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3681 down 0.0083</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.73 3/4 DEC17 HI 3.91 1/4</u></div>
<div><u> LOW 3.66 3/4 LOW 3.84 1/2</u></div>
<div><u> CLOSE3.70 3/4 Up 4 1/4 CLOSE 3.88 1/2 Up 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 4.41 173.52 0.90 4.79 188.38</u></div>
<div><u>CK High 0.80 4.51 177.45 0.95 4.84 190.35</u></div>
<div><u>CK Avg 0.72 -0.47 4.42 174.17 0.92 -0.38 4.80 189.03</u></div>
<div><u>Essex Cty 0.50 4.21 165.64 0.95 4.84 190.35</u></div>
<div><u>Mdsx Low 0.70 4.41 173.52 0.90 4.79 188.38</u></div>
<div><u>Mdsx High 0.75 4.46 175.48 0.95 4.84 190.35</u></div>
<div><u>Mdsx Avg 0.73 -0.47 4.43 174.50 0.93 -0.37 4.81 189.36</u></div>
<div><u>Hensall 0.78 4.48 176.47 0.95 4.84 190.35</u></div>
<div><u>Bruce 0.80 4.51 177.45 1.00 4.89 192.31</u></div>
<div><u>Putnam 0.75 4.46 175.48 0.90 4.79 188.38</u></div>
<div><u>Burford 0.75 4.46 175.48 0.90 4.79 188.38</u></div>
<div><u>Port Perry 0.95 4.66 183.36 0.95 4.84 190.35</u></div>
<div><u>Norfolk 0.80 4.51 177.45 1.00 4.89 192.31</u></div>
<div><u>Palmerston 0.75 4.46 175.48 0.95 4.84 190.35</u></div>
<div><u>Varna 0.80 4.51 177.45 0.95 4.84 190.35</u></div>
<div><u>Trenton 1.05 4.76 187.29 0.95 4.84 190.35</u></div>
<div><u>Winchester 1.15 4.86 191.23 1.20 5.09 200.19</u></div>
<div><u>North Gower 1.17 4.88 192.02 1.05 4.94 194.28</u></div>
<div><u>Huron FOB 1.12 4.83 190.05 1.00 4.89 192.31</u></div>
<div><u>Kent FOB 1.05 4.76 187.29 0.95 4.84 190.35</u></div>
<div><u>Lamb FOB 1.05 4.76 187.29 0.90 4.79 188.38</u></div>
<div><u>Mdsx FOB 0.80 0.80 0.80N/A 4.51 177.45 0.90 4.79 188.38</u></div>
<div><u>FOB SW Que 1.30 5.01 197.14N/A</u></div>
<div><u>Track 1.27 4.97 195.76N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.25 1.30 1.06 4.95 194.68</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 1.40 1.10 4.99 196.25</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 4.96 195.17N/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 1.40 1.20 5.09 200.19</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.20 5.09 200.19</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.36 5.25 206.49</u></div>
<div><u>W O Feed 1.48 5.19 204.22</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.78 5.49 216.03</u></div>
<div><u>Toledo El. -0.19 3.52 138.42 -0.34 3.54 139.48</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.65 4.36 171.55 0.90 4.79188 3/8</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.92 1/2 4.811</u></div>
<div><u>HI SD CRN 0.95 4.83 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 1.3681 down 0.0083</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.83 NOV17 HI 9.73 3/4</u></div>
<div><u> LOW 9.67 3/4 LOW 9.59 3/4</u></div>
<div><u> CLOSE9.73 Down 1 1/4 CLOSE 9.66 1/2 Up 1 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 +JUL1+JUL1+NOV17</u></div>
<div><u>CK Low 2.80 12.53 460.402.60 12.27 450.66</u></div>
<div><u>CK High 2.95 12.68 465.912.70 12.37 454.34</u></div>
<div><u>CK Average 2.87 -0.5212.60 462.912.65 -0.6612.31 452.44</u></div>
<div><u>Essex Cty 2.95 12.68 465.912.65 12.32 452.50</u></div>
<div><u>Mdsx Low 2.85 12.58 462.242.62 12.29 451.40</u></div>
<div><u>Mdsx High 2.86 12.59 462.602.70 12.37 454.34</u></div>
<div><u>Mdsx Average 2.86 -0.5312.59 462.422.66 -0.6612.33 452.87</u></div>
<div><u>Hensall 2.88 12.61 463.152.70 12.37 454.34</u></div>
<div><u>Bruce 2.85 12.58 462.242.70 12.37 454.34</u></div>
<div><u>Putnam 2.70 12.43 456.722.60 12.27 450.66</u></div>
<div><u>Burford 2.97 12.70 466.652.73 12.40 455.44</u></div>
<div><u>Port Perry 2.86 12.59 462.602.62 12.29 451.40</u></div>
<div><u>Norfolk 3.00 12.73 467.752.70 12.37 454.34</u></div>
<div><u>Palmerston 2.95 12.68 465.912.70 12.37 454.34</u></div>
<div><u>Varna 2.90 12.63 464.072.70 12.37 454.34</u></div>
<div><u>Trenton 2.85 12.58 462.242.70 12.37 454.34</u></div>
<div><u>Winchester 2.84 12.57 461.872.65 12.32 452.50</u></div>
<div><u>North Gower 2.65 12.38 454.892.84 12.51 459.48</u></div>
<div><u>Huron FOB 3.05 12.78 469.582.80 12.47 458.01</u></div>
<div><u>Kent FOB 3.10 12.83 471.422.65 12.32 452.50</u></div>
<div><u>Lambton FOB 3.00 12.73 467.752.80 12.47 458.01</u></div>
<div><u>Middlesex FOB3.11 3.05 N/A N/A 12.84 471.792.83 12.50 459.11</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.50 3.35 3.35 N/A 13.23 486.123.23 12.90 473.81</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 3.11 12.84 471.793.19 12.86 472.34</u></div>
<div><u>Sarnia 2.85 12.58 462.243.07 12.74 467.93</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 9.42 345.95-0.57 9.09 334.02</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3681 down 0.0083</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>JUL17 HI 4.44 JUL17 HI 4.44</u></div>
<div><u> LOW 4.36 LOW 4.36</u></div>
<div><u> CLOSE 4.42 1/4 Up 4 1/2 CLOSE 4.42 1/4 Up 4 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>JUL17 HI 5.56 SEP17 HI 5.62 1/4</u></div>
<div><u> LOW 5.46 3/4 LOW 5.52 1/2</u></div>
<div><u> CLOSE 5.54 1/4 Up 6 3/4 CLOSE 5.61 1/4 Up 7 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 0.67 0.67 0.67 0.33</u></div>
<div><u>CAD $/bu 5.09 5.09 5.09 5.87</u></div>
<div><u>CAD $/tonne 187.12 187.12 187.12 215.78</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 0.88 0.88 0.68 N/A 0.95 0.88 0.81 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 0.66 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 0.85 N/A N/A 0.90 1.05 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 0.70 0.50 N/A 0.85 0.85 0.78</u></div>
<div><u>Varna 0.90 0.85 0.80 N/A 1.30 0.95 1.00 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 0.45 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.62 0.62 0.16 N/A 1.31 1.31 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 1.10 N/A 1.40 N/A 1.30 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 1.63N/A N/A N/A 1.63N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.27US 5.85CA 4.27US 5.85CA</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 1.22 1.22 1.22 0.63</u></div>
<div><u>CAD $/bu 5.64 5.64 5.64 6.24</u></div>
<div><u>CAD $/tonne 207.23 207.23 207.23 229.35</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 462.87</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>
<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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