<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 9</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3722 up 0.0036</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.69 1/2 DEC17 HI 3.87 1/2</u></div>
<div><u> LOW 3.65 3/4 LOW 3.84</u></div>
<div><u> CLOSE3.66 1/2 Up 1/2 CLOSE 3.85 Up 3/4</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 4.37 171.84 0.95 4.80 188.97</u></div>
<div><u>CK High 0.80 4.47 175.78 0.95 4.80 188.97</u></div>
<div><u>CK Avg 0.73 -0.46 4.40 173.15 0.95 -0.35 4.80 188.97</u></div>
<div><u>Essex Cty 0.50 4.17 163.97 0.95 4.80 188.97</u></div>
<div><u>Mdsx Low 0.70 4.37 171.84 0.95 4.80 188.97</u></div>
<div><u>Mdsx High 0.75 4.42 173.81 0.95 4.80 188.97</u></div>
<div><u>Mdsx Avg 0.73 -0.47 4.39 172.83 0.95 -0.35 4.80 188.97</u></div>
<div><u>Hensall 0.78 4.44 174.80 0.95 4.80 188.97</u></div>
<div><u>Bruce 0.80 4.47 175.78 1.00 4.85 190.94</u></div>
<div><u>Putnam 0.75 4.42 173.81 0.90 4.75 187.00</u></div>
<div><u>Burford 0.75 4.42 173.81 0.95 4.80 188.97</u></div>
<div><u>Port Perry 0.95 4.62 181.68 0.95 4.80 188.97</u></div>
<div><u>Norfolk 0.80 4.47 175.78 1.05 4.90 192.90</u></div>
<div><u>Palmerston 0.75 4.42 173.81 0.95 4.80 188.97</u></div>
<div><u>Varna 0.80 4.47 175.78 0.95 4.80 188.97</u></div>
<div><u>Trenton 1.10 4.77 187.59 1.00 4.85 190.94</u></div>
<div><u>Winchester 1.16 4.83 189.95 1.16 5.01 197.23</u></div>
<div><u>North Gower 1.17 4.84 190.35 1.05 4.90 192.90</u></div>
<div><u>Huron FOB 1.15 4.82 189.56 1.00 4.85 190.94</u></div>
<div><u>Kent FOB 1.05 4.72 185.62 1.00 4.85 190.94</u></div>
<div><u>Lamb FOB 1.05 4.72 185.62 0.90 4.75 187.00</u></div>
<div><u>Mdsx FOB 1.00 0.90 1.00N/A 4.67 183.65 0.95 4.80 188.97</u></div>
<div><u>FOB SW Que 1.45 5.12 201.37N/A</u></div>
<div><u>Track 1.27 4.93 194.09N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.30 1.06 4.91 193.30</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 4.95 194.87</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 4.92 193.49N/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 5.05 198.81</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.20 5.05 198.81</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.36 5.21 205.11</u></div>
<div><u>W O Feed 1.50 5.17 203.34</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.78 5.45 214.36</u></div>
<div><u>Toledo El. -0.16 3.50 137.80 -0.34 3.51 138.06</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.65 4.32 169.87 0.90 4.75187</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.80</u></div>
<div><u>HI SD CRN 0.95 4.80</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3722 up 0.0036</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.77 1/4 NOV17 HI 9.70</u></div>
<div><u> LOW 9.63 1/2 LOW 9.59 1/4</u></div>
<div><u> CLOSE9.74 Up 9 1/4 CLOSE 9.67 1/2 Up 6 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 2.95 12.69 466.282.60 12.28 451.03</u></div>
<div><u>CK High 2.95 12.69 466.282.65 12.33 452.87</u></div>
<div><u>CK Average 2.95 -0.4912.69 466.282.64 -0.7012.32 452.56</u></div>
<div><u>Essex Cty 2.95 12.69 466.282.65 12.33 452.87</u></div>
<div><u>Mdsx Low 2.95 12.69 466.282.63 12.31 452.13</u></div>
<div><u>Mdsx High 3.00 12.74 468.112.70 12.38 454.70</u></div>
<div><u>Mdsx Average 2.98 -0.4712.72 467.202.67 -0.6812.34 453.42</u></div>
<div><u>Hensall 3.00 12.74 468.112.70 12.38 454.70</u></div>
<div><u>Bruce 3.00 12.74 468.112.70 12.38 454.70</u></div>
<div><u>Putnam 2.70 12.44 457.092.60 12.28 451.03</u></div>
<div><u>Burford 3.06 12.80 470.322.74 12.42 456.17</u></div>
<div><u>Port Perry 2.95 12.69 466.282.63 12.31 452.13</u></div>
<div><u>Norfolk 3.00 12.74 468.112.70 12.38 454.70</u></div>
<div><u>Palmerston 2.95 12.69 466.282.70 12.38 454.70</u></div>
<div><u>Varna 3.00 12.74 468.112.70 12.38 454.70</u></div>
<div><u>Trenton 2.90 12.64 464.442.70 12.38 454.70</u></div>
<div><u>Winchester 2.84 12.58 462.242.80 12.48 458.38</u></div>
<div><u>North Gower 2.64 12.38 454.892.84 12.52 459.85</u></div>
<div><u>Huron FOB 3.15 12.89 473.632.80 12.48 458.38</u></div>
<div><u>Kent FOB 3.10 12.84 471.792.65 12.33 452.87</u></div>
<div><u>Lambton FOB 3.05 12.79 469.952.80 12.48 458.38</u></div>
<div><u>Middlesex FOB3.07 3.07 N/A N/A 12.81 470.692.81 12.49 458.75</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.50 3.35 3.35 N/A 13.24 486.493.25 12.93 474.91</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 3.11 12.85 472.163.19 12.87 472.71</u></div>
<div><u>Sarnia 2.75 12.49 458.932.98 12.66 464.99</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.32 9.42 346.29-0.58 9.10 334.32</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3722 up 0.0036</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL17 HI 4.34 1/2 JUL17 HI 4.34 1/2</u></div>
<div><u> LOW 4.28 1/2 LOW 4.28 1/2</u></div>
<div><u> CLOSE 4.29 1/2 Down 4 CLOSE 4.29 1/2 Down 4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL17 HI 5.50 1/2 SEP17 HI 5.57 3/4</u></div>
<div><u> LOW 5.40 LOW 5.47 3/4</u></div>
<div><u> CLOSE 5.41 Down 3 3/4 CLOSE 5.48 1/2 Down 3 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 0.64 0.64 0.64 0.30</u></div>
<div><u>CAD $/bu 4.93 4.93 4.93 5.71</u></div>
<div><u>CAD $/tonne 181.26 181.26 181.26 209.75</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 0.86 0.86 0.72 N/A 1.00 0.86 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 0.61 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 0.58</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 0.54 0.54 0.10 N/A 1.24 1.24 0.50</u></div>
<div><u>W O Feed 1.51</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. 4.15US 5.69CA 4.15US 5.69CA</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 5.48 5.48 5.48 6.09</u></div>
<div><u>CAD $/tonne 201.43 201.43 201.43 223.61</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 464.63</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00 - 180.00</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%;
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>
</div>
<u><br>
</u>
<p></p>
<p><u><br>
</u></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size: 12pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: Calibri, Arial, Helvetica, sans-serif, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<p></p>
<div><u><br>
</u></div>
<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<u><br>
</u>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>