<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 Fri, May 12</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3707 up 0.0020</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.71 1/2 DEC17 HI 3.89 1/4</u></div>
<div><u> LOW 3.68 LOW 3.86</u></div>
<div><u> CLOSE3.71 Up 1 3/4 CLOSE 3.88 3/4 Up 1 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 4.41 173.61 0.95 4.84 190.44</u></div>
<div><u>CK High 0.80 4.51 177.55 0.95 4.84 190.44</u></div>
<div><u>CK Avg 0.75 -0.46 4.46 175.58 0.95 -0.36 4.84 190.44</u></div>
<div><u>Essex Cty 0.50 4.21 165.74 0.95 4.84 190.44</u></div>
<div><u>Mdsx Low 0.75 4.46 175.58 0.95 4.84 190.44</u></div>
<div><u>Mdsx High 0.75 4.46 175.58 0.95 4.84 190.44</u></div>
<div><u>Mdsx Avg 0.75 -0.46 4.46 175.58 0.95 -0.36 4.84 190.44</u></div>
<div><u>Hensall 0.78 4.49 176.57 0.95 4.84 190.44</u></div>
<div><u>Bruce 0.80 4.51 177.55 1.00 4.89 192.41</u></div>
<div><u>Putnam 0.75 4.46 175.58 0.90 4.79 188.48</u></div>
<div><u>Burford 0.75 4.46 175.58 1.00 4.89 192.41</u></div>
<div><u>Port Perry 1.00 4.71 185.42 1.00 4.89 192.41</u></div>
<div><u>Norfolk 0.85 4.56 179.52 1.05 4.94 194.38</u></div>
<div><u>Palmerston 0.75 4.46 175.58 0.95 4.84 190.44</u></div>
<div><u>Varna 0.80 4.51 177.55 0.95 4.84 190.44</u></div>
<div><u>Trenton 1.15 4.86 191.33 1.00 4.89 192.41</u></div>
<div><u>Winchester 1.16 4.87 191.72 1.16 5.05 198.71</u></div>
<div><u>North Gower 1.17 4.88 192.12 1.17 5.06 199.10</u></div>
<div><u>Huron FOB 1.15 4.86 191.33 1.00 4.89 192.41</u></div>
<div><u>Kent FOB 1.05 4.76 187.39 1.00 4.89 192.41</u></div>
<div><u>Lamb FOB 1.05 4.76 187.39 0.90 4.79 188.48</u></div>
<div><u>Mdsx FOB 1.00 1.00 1.00N/A 4.71 185.42 0.95 4.84 190.44</u></div>
<div><u>FOB SW Que 1.45 5.16 203.14N/A</u></div>
<div><u>Track 1.27 4.98 195.86N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.30 1.06 4.95 194.77</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 4.99 196.35</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 4.96 195.27N/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 5.09 200.29</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.20 5.09 200.29</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.36 5.25 206.58</u></div>
<div><u>W O Feed 1.50 5.21 205.27</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.78 5.49 216.13</u></div>
<div><u>Toledo El. -0.16 3.55 139.58 -0.34 3.54 139.55</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.65 4.36 171.65 0.95 4.84190 4/9</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.83 3/4</u></div>
<div><u>HI SD CRN 0.95 4.83 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3707 up 0.0020</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.67 3/4 NOV17 HI 9.64 1/4</u></div>
<div><u> LOW 9.60 1/2 LOW 9.58 3/4</u></div>
<div><u> CLOSE9.63 Down 3 1/4 CLOSE 9.59 3/4 Down 4 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 2.87 12.50 459.302.59 12.19 447.81</u></div>
<div><u>CK High 2.95 12.58 462.242.65 12.25 450.02</u></div>
<div><u>CK Average 2.91 -0.4812.54 460.832.62 -0.6812.22 449.04</u></div>
<div><u>Essex Cty 2.95 12.58 462.242.60 12.20 448.18</u></div>
<div><u>Mdsx Low 2.87 12.50 459.302.57 12.17 447.08</u></div>
<div><u>Mdsx High 3.00 12.63 464.072.70 12.30 451.86</u></div>
<div><u>Mdsx Average 2.94 -0.4612.57 461.682.64 -0.6712.23 449.47</u></div>
<div><u>Hensall 3.00 12.63 464.072.70 12.30 451.86</u></div>
<div><u>Bruce 3.00 12.63 464.072.70 12.30 451.86</u></div>
<div><u>Putnam 2.70 12.33 453.052.60 12.20 448.18</u></div>
<div><u>Burford 2.96 12.59 462.602.66 12.26 450.39</u></div>
<div><u>Port Perry 2.87 12.50 459.302.57 12.17 447.08</u></div>
<div><u>Norfolk 2.95 12.58 462.242.65 12.25 450.02</u></div>
<div><u>Palmerston 2.95 12.58 462.242.65 12.25 450.02</u></div>
<div><u>Varna 3.00 12.63 464.072.70 12.30 451.86</u></div>
<div><u>Trenton 2.90 12.53 460.402.70 12.30 451.86</u></div>
<div><u>Winchester 2.90 12.53 460.402.80 12.40 455.53</u></div>
<div><u>North Gower 2.67 12.30 451.952.84 12.44 457.00</u></div>
<div><u>Huron FOB 3.15 12.78 469.582.80 12.40 455.53</u></div>
<div><u>Kent FOB 3.05 12.68 465.912.60 12.20 448.18</u></div>
<div><u>Lambton FOB 3.05 12.68 465.912.80 12.40 455.53</u></div>
<div><u>Middlesex FOB3.04 3.04 N/A N/A 12.67 465.542.77 12.37 454.43</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.45 3.30 3.30 N/A 13.08 480.613.21 12.81 470.60</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 3.07 12.70 466.653.18 12.78 469.49</u></div>
<div><u>Sarnia 2.75 12.38 454.892.98 12.58 462.14</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.32 9.31 342.26-0.58 9.02 331.49</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3707 up 0.0020</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL17 HI 4.37 3/4 JUL17 HI 4.37 3/4</u></div>
<div><u> LOW 4.31 1/4 LOW 4.31 1/4</u></div>
<div><u> CLOSE 4.32 3/4 Down 1 CLOSE 4.32 3/4 Down 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL17 HI 5.49 3/4 SEP17 HI 5.56 1/4</u></div>
<div><u> LOW 5.45 3/4 LOW 5.52 3/4</u></div>
<div><u> CLOSE 5.46 1/2 Down 1 3/4 CLOSE 5.53 1/2 Down 2</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 0.31</u></div>
<div><u>CAD $/bu 4.97 4.97 4.97 5.78</u></div>
<div><u>CAD $/tonne 182.70 182.70 182.70 212.29</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 0.95 N/A</u></div>
<div><u>London 0.85 0.85 0.78 N/A 0.98 0.85 0.85 N/A</u></div>
<div><u>Hensall 0.90 N/A 0.80 N/A 1.10 N/A 0.95 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 1.10 0.85 0.95 0.65</u></div>
<div><u>Essex N/A N/A 0.61 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Norwich 0.90 N/A 0.80 N/A 1.10 N/A 0.95 N/A</u></div>
<div><u>Port Hope N/A N/A 0.85 N/A N/A 0.95 1.05 N/A</u></div>
<div><u>Kent Bridge 0.90 N/A 0.80 N/A 1.10 N/A 0.95 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 0.30 N/A 0.85 0.90 0.65</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 1.10 0.95 0.95 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.39 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.54 0.54 0.11 N/A 1.23 1.23 0.51</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 1.17 N/A 1.36 N/A 1.26 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 1.47N/A N/A N/A 1.54N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.18US 5.73CA 4.18US 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 0.61</u></div>
<div><u>CAD $/bu 5.52 5.52 5.52 6.15</u></div>
<div><u>CAD $/tonne 202.84 202.84 202.84 225.89</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 458.90</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00 - 180.00</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: 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>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>