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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 8</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3686 up 0.0005</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.71 1/4 DEC17 HI 3.89</u></div>
<div><u> LOW 3.65 LOW 3.83 1/4</u></div>
<div><u> CLOSE3.66 Down 4 3/4 CLOSE 3.84 1/4 Down 4 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 4.36 171.65 0.90 4.74 186.70</u></div>
<div><u>CK High 0.80 4.46 175.58 0.95 4.79 188.67</u></div>
<div><u>CK Avg 0.72 -0.46 4.38 172.30 0.93 -0.36 4.77 187.69</u></div>
<div><u>Essex Cty 0.50 4.16 163.77 0.95 4.79 188.67</u></div>
<div><u>Mdsx Low 0.70 4.36 171.65 0.90 4.74 186.70</u></div>
<div><u>Mdsx High 0.75 4.41 173.61 0.95 4.79 188.67</u></div>
<div><u>Mdsx Avg 0.73 -0.46 4.39 172.63 0.93 -0.36 4.77 187.69</u></div>
<div><u>Hensall 0.78 4.44 174.60 0.95 4.79 188.67</u></div>
<div><u>Bruce 0.80 4.46 175.58 1.00 4.84 190.64</u></div>
<div><u>Putnam 0.75 4.41 173.61 0.90 4.74 186.70</u></div>
<div><u>Burford 0.75 4.41 173.61 0.90 4.74 186.70</u></div>
<div><u>Port Perry 0.95 4.61 181.49 0.95 4.79 188.67</u></div>
<div><u>Norfolk 0.80 4.46 175.58 1.05 4.89 192.61</u></div>
<div><u>Palmerston 0.75 4.41 173.61 0.95 4.79 188.67</u></div>
<div><u>Varna 0.80 4.46 175.58 0.95 4.79 188.67</u></div>
<div><u>Trenton 1.10 4.76 187.39 1.00 4.84 190.64</u></div>
<div><u>Winchester 1.15 4.81 189.36 1.20 5.04 198.51</u></div>
<div><u>North Gower 1.15 4.81 189.36 1.05 4.89 192.61</u></div>
<div><u>Huron FOB 1.15 4.81 189.36 1.00 4.84 190.64</u></div>
<div><u>Kent FOB 1.05 4.71 185.42 1.00 4.84 190.64</u></div>
<div><u>Lamb FOB 1.05 4.71 185.42 0.90 4.74 186.70</u></div>
<div><u>Mdsx FOB 1.00 1.00 0.95N/A 4.66 183.46 0.90 4.74 186.70</u></div>
<div><u>FOB SW Que 1.45 5.11 201.17N/A</u></div>
<div><u>Track 1.27 4.93 193.89N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.25 1.30 1.06 4.90 193.00</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 4.94 194.58</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 4.91 193.30N/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 5.04 198.51</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.20 5.04 198.51</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.36 5.20 204.81</u></div>
<div><u>W O Feed 1.49 5.15 202.75</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.78 5.44 214.16</u></div>
<div><u>Toledo El. -0.16 3.50 137.62 -0.34 3.50 137.80</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.65 4.31 169.68 0.90 4.74186 5/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.92 1/2 4.76 3/4</u></div>
<div><u>HI SD CRN 0.95 4.79 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 1.3686 up 0.0005</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.74 3/4 NOV17 HI 9.68 1/2</u></div>
<div><u> LOW 9.63 1/4 LOW 9.58 1/2</u></div>
<div><u> CLOSE9.64 3/4 Down 8 1/4 CLOSE 9.61 1/4 Down 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 12.45 457.372.60 12.21 448.73</u></div>
<div><u>CK High 2.95 12.60 462.882.70 12.31 452.41</u></div>
<div><u>CK Average 2.93 -0.4612.57 461.962.64 -0.6612.26 450.32</u></div>
<div><u>Essex Cty 2.95 12.60 462.882.65 12.26 450.57</u></div>
<div><u>Mdsx Low 2.80 12.45 457.372.62 12.23 449.47</u></div>
<div><u>Mdsx High 3.00 12.65 464.722.70 12.31 452.41</u></div>
<div><u>Mdsx Average 2.90 -0.4812.55 461.042.66 -0.6512.27 450.94</u></div>
<div><u>Hensall 3.00 12.65 464.722.70 12.31 452.41</u></div>
<div><u>Bruce 3.00 12.65 464.722.70 12.31 452.41</u></div>
<div><u>Putnam 2.70 12.35 453.692.60 12.21 448.73</u></div>
<div><u>Burford 2.91 12.56 461.412.73 12.34 453.51</u></div>
<div><u>Port Perry 2.80 12.45 457.372.62 12.23 449.47</u></div>
<div><u>Norfolk 3.00 12.65 464.722.70 12.31 452.41</u></div>
<div><u>Palmerston 2.95 12.60 462.882.70 12.31 452.41</u></div>
<div><u>Varna 2.90 12.55 461.042.70 12.31 452.41</u></div>
<div><u>Trenton 2.95 12.60 462.882.70 12.31 452.41</u></div>
<div><u>Winchester 2.83 12.48 458.472.80 12.41 456.08</u></div>
<div><u>North Gower 2.62 12.27 450.752.74 12.35 453.88</u></div>
<div><u>Huron FOB 3.15 12.80 470.232.80 12.41 456.08</u></div>
<div><u>Kent FOB 3.10 12.75 468.392.62 12.23 449.47</u></div>
<div><u>Lambton FOB 3.05 12.70 466.552.85 12.46 457.92</u></div>
<div><u>Middlesex FOB3.05 3.05 N/A N/A 12.70 466.552.80 12.41 456.08</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.45 3.30 3.30 N/A 13.10 481.253.20 12.81 470.78</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 3.11 12.76 468.763.19 12.80 470.41</u></div>
<div><u>Sarnia 2.75 12.40 455.532.98 12.59 462.70</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 9.33 342.92-0.57 9.04 332.08</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3686 up 0.0005</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>JUL17 HI 4.41 1/2 JUL17 HI 4.41 1/2</u></div>
<div><u> LOW 4.32 3/4 LOW 4.32 3/4</u></div>
<div><u> CLOSE 4.33 1/2 Down 8 3/4 CLOSE 4.33 1/2 Down 8 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>JUL17 HI 5.54 1/4 SEP17 HI 5.61</u></div>
<div><u> LOW 5.43 3/4 LOW 5.51 3/4</u></div>
<div><u> CLOSE 5.44 3/4 Down 9 1/2 CLOSE 5.52 1/4 Down 9</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 0.64 0.64 0.64 0.30</u></div>
<div><u>CAD $/bu 4.98 4.98 4.98 5.74</u></div>
<div><u>CAD $/tonne 182.80 182.80 182.80 211.09</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 0.87 0.87 0.73 N/A 0.94 0.87 0.87 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 0.61 N/A N/A N/A 0.71 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 0.80 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Brigden N/A N/A 0.80 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 0.44 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.57 0.57 0.13 N/A 1.27 1.27 0.53</u></div>
<div><u>W O Feed 1.49</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.12 N/A 1.17 N/A 1.37 N/A 1.27 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.46N/A N/A N/A 1.53N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.19US 5.73CA 4.19US 5.73CA</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 1.19 1.19 1.19 0.60</u></div>
<div><u>CAD $/bu 5.52 5.52 5.52 6.12</u></div>
<div><u>CAD $/tonne 202.92 202.92 202.92 224.92</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 459.23</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>
<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%;
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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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