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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 15</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3644 down 0.0063</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.71 3/4 DEC17 HI 3.89 1/2</u></div>
<div><u> LOW 3.67 1/4 LOW 3.85</u></div>
<div><u> CLOSE3.67 3/4 Down 3 1/4 CLOSE 3.85 1/4 Down 3 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 4.38 172.33 0.90 4.75 187.10</u></div>
<div><u>CK High 0.80 4.48 176.27 0.95 4.80 189.07</u></div>
<div><u>CK Avg 0.75 -0.43 4.43 174.30 0.94 -0.34 4.79 188.74</u></div>
<div><u>Essex Cty 0.50 4.18 164.46 0.95 4.80 189.07</u></div>
<div><u>Mdsx Low 0.75 4.43 174.30 0.95 4.80 189.07</u></div>
<div><u>Mdsx High 0.75 4.43 174.30 0.95 4.80 189.07</u></div>
<div><u>Mdsx Avg 0.75 -0.43 4.43 174.30 0.95 -0.33 4.80 189.07</u></div>
<div><u>Hensall 0.78 4.45 175.29 0.95 4.80 189.07</u></div>
<div><u>Bruce 0.80 4.48 176.27 1.00 4.85 191.03</u></div>
<div><u>Putnam 0.75 4.43 174.30 0.90 4.75 187.10</u></div>
<div><u>Burford 0.75 4.43 174.30 1.00 4.85 191.03</u></div>
<div><u>Port Perry 1.00 4.68 184.15 1.00 4.85 191.03</u></div>
<div><u>Norfolk 0.85 4.53 178.24 1.00 4.85 191.03</u></div>
<div><u>Palmerston 0.75 4.43 174.30 0.95 4.80 189.07</u></div>
<div><u>Varna 0.80 4.48 176.27 0.95 4.80 189.07</u></div>
<div><u>Trenton 1.15 4.83 190.05 1.00 4.85 191.03</u></div>
<div><u>Winchester 1.16 4.84 190.44 1.20 5.05 198.91</u></div>
<div><u>North Gower 1.17 4.85 190.84 1.17 5.02 197.73</u></div>
<div><u>Huron FOB 1.15 4.83 190.05 1.00 4.85 191.03</u></div>
<div><u>Kent FOB 1.05 4.73 186.11 0.90 4.75 187.10</u></div>
<div><u>Lamb FOB 1.05 4.73 186.11 0.90 4.75 187.10</u></div>
<div><u>Mdsx FOB 1.00 1.00 1.00N/A 4.68 184.15 0.95 4.80 189.07</u></div>
<div><u>FOB SW Que 1.37 5.05 198.71N/A</u></div>
<div><u>Track 1.27 4.94 194.58N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.30 1.06 4.91 193.40</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 1.35 1.10 4.95 194.97</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 4.93 193.99N/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 5.05 198.91</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.20 5.05 198.91</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.36 5.21 205.21</u></div>
<div><u>W O Feed 1.51 5.19 204.38</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.78 5.46 214.85</u></div>
<div><u>Toledo El. -0.15 3.53 138.87 -0.34 3.51 138.24</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.65 4.33 170.37 0.95 4.80189</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.92 1/2 4.77 3/4</u></div>
<div><u>HI SD CRN 0.95 4.80 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 1.3644 down 0.0063</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.73 NOV17 HI 9.66 3/4</u></div>
<div><u> LOW 9.62 LOW 9.59</u></div>
<div><u> CLOSE9.65 1/4 Up 2 1/4 CLOSE 9.60 3/4 Up 1</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 2.85 12.50 459.392.50 12.11 444.87</u></div>
<div><u>CK High 2.90 12.55 461.232.65 12.26 450.39</u></div>
<div><u>CK Average 2.86 -0.4812.51 459.822.56 -0.6912.16 446.96</u></div>
<div><u>Essex Cty 2.90 12.55 461.232.55 12.16 446.71</u></div>
<div><u>Mdsx Low 2.87 12.52 460.122.52 12.13 445.61</u></div>
<div><u>Mdsx High 2.90 12.55 461.232.60 12.21 448.55</u></div>
<div><u>Mdsx Average 2.89 -0.4612.54 460.672.56 -0.6912.17 447.08</u></div>
<div><u>Hensall 2.90 12.55 461.232.60 12.21 448.55</u></div>
<div><u>Bruce 2.90 12.55 461.232.60 12.21 448.55</u></div>
<div><u>Putnam 3.00 12.65 464.902.70 12.31 452.22</u></div>
<div><u>Burford 2.96 12.61 463.432.61 12.22 448.92</u></div>
<div><u>Port Perry 2.87 12.52 460.122.52 12.13 445.61</u></div>
<div><u>Norfolk 2.90 12.55 461.232.60 12.21 448.55</u></div>
<div><u>Palmerston 2.95 12.60 463.062.65 12.26 450.39</u></div>
<div><u>Varna 3.00 12.65 464.902.70 12.31 452.22</u></div>
<div><u>Trenton 2.90 12.55 461.232.70 12.31 452.22</u></div>
<div><u>Winchester 2.74 12.39 455.352.80 12.41 455.90</u></div>
<div><u>North Gower 2.67 12.32 452.772.84 12.45 457.37</u></div>
<div><u>Huron FOB 3.05 12.70 466.742.70 12.31 452.22</u></div>
<div><u>Kent FOB 3.00 12.65 464.902.55 12.16 446.71</u></div>
<div><u>Lambton FOB 2.95 12.60 463.062.70 12.31 452.22</u></div>
<div><u>Middlesex FOB2.97 2.97 N/A N/A 12.62 463.802.71 12.32 452.59</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.40 3.25 3.25 N/A 13.05 479.603.15 12.76 468.76</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 3.07 12.72 467.473.18 12.79 469.86</u></div>
<div><u>Sarnia 2.72 12.37 454.612.94 12.55 461.04</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 9.34 343.14-0.57 9.03 331.96</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3644 down 0.0063</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>JUL17 HI 4.31 JUL17 HI 4.31</u></div>
<div><u> LOW 4.21 1/2 LOW 4.21 1/2</u></div>
<div><u> CLOSE 4.23 1/4 Down 9 1/2 CLOSE 4.23 1/4 Down 9 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>JUL17 HI 5.46 1/2 SEP17 HI 5.53 1/2</u></div>
<div><u> LOW 5.37 3/4 LOW 5.46</u></div>
<div><u> CLOSE 5.40 Down 6 1/2 CLOSE 5.47 1/4 Down 6 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 0.59 0.59 0.59 0.26</u></div>
<div><u>CAD $/bu 4.82 4.82 4.82 5.66</u></div>
<div><u>CAD $/tonne 177.10 177.10 177.10 208.06</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 0.88 0.81 0.74 N/A 1.08 0.81 0.88 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 0.58 N/A N/A N/A 0.74 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 0.33 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.54 0.54 0.11 N/A 1.24 1.24 0.51</u></div>
<div><u>W O Feed 1.46</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.12 N/A 1.10 N/A 1.37 N/A 1.23 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 1.41N/A N/A N/A 1.47N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.08US 5.57CA 4.08US 5.57CA</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 1.13 1.13 1.13 0.56</u></div>
<div><u>CAD $/bu 5.37 5.37 5.37 6.03</u></div>
<div><u>CAD $/tonne 197.15 197.15 197.15 221.72</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 458.02</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00 - 180.00</u></div>
<div><br>
</div>
<div>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><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); text-decoration-line: none;">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:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><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); text-decoration-line: none;">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:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333"><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:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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