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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 7</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3514 up 0.0065</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.87 DEC17 HI 4.04</u></div>
<div><u> LOW 3.78 1/4 LOW 3.96 1/4</u></div>
<div><u> CLOSE3.84 3/4 Up 7 1/2 CLOSE 4.02 1/2 Up 6 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 +SEP17+SEP17+DEC17</u></div>
<div><u>CK Low 0.75 4.60 181.00 0.95 4.98 195.86</u></div>
<div><u>CK High 0.80 4.65 182.96 1.00 5.03 197.83</u></div>
<div><u>CK Avg 0.76 -0.44 4.61 181.32 0.96 -0.34 4.99 196.25</u></div>
<div><u>Essex Cty 0.75 4.60 181.00 1.00 5.03 197.83</u></div>
<div><u>Mdsx Low 0.75 4.60 181.00 0.95 4.98 195.86</u></div>
<div><u>Mdsx High 0.75 4.60 181.00 0.95 4.98 195.86</u></div>
<div><u>Mdsx Avg 0.75 -0.45 4.60 181.00 0.95 -0.34 4.98 195.86</u></div>
<div><u>Hensall 0.78 4.62 181.98 0.95 4.98 195.86</u></div>
<div><u>Bruce 0.75 4.60 181.00 1.00 5.03 197.83</u></div>
<div><u>Putnam 0.75 4.60 181.00 0.95 4.98 195.86</u></div>
<div><u>Burford 0.75 4.60 181.00 1.00 5.03 197.83</u></div>
<div><u>Port Perry 1.00 4.85 190.84 1.00 5.03 197.83</u></div>
<div><u>Norfolk 0.85 4.70 184.93 1.06 5.09 200.19</u></div>
<div><u>Palmerston 0.80 4.65 182.96 1.00 5.03 197.83</u></div>
<div><u>Varna 0.80 4.65 182.96 0.95 4.98 195.86</u></div>
<div><u>Trenton 1.15 5.00 196.74 1.00 5.03 197.83</u></div>
<div><u>Winchester 1.20 5.05 198.71 1.20 5.23 205.70</u></div>
<div><u>North Gower 1.18 5.03 197.92 1.17 5.20 204.52</u></div>
<div><u>Huron FOB 1.15 5.00 196.74 1.00 5.03 197.83</u></div>
<div><u>Kent FOB 1.05 4.90 192.81 0.96 4.99 196.25</u></div>
<div><u>Lamb FOB 1.05 4.90 192.81 0.90 4.93 193.89</u></div>
<div><u>Mdsx FOB 1.05 1.05 1.10N/A 4.90 192.81 1.00 5.03 197.83</u></div>
<div><u>FOB SW Que 1.57 5.42 213.28N/A</u></div>
<div><u>Track 1.26 5.11 201.07N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.42 1.22 5.25 206.49</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 1.35 1.40 1.10 5.13 201.76</u></div>
<div><u>Sarn-Eth 1.25 1.30N/A N/A 5.10 200.68N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A 1.35 5.38 211.60</u></div>
<div><u>London-Ing N/A N/A 1.45 1.50 1.15 5.18 203.73</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.25 5.28 207.67</u></div>
<div><u>Cardnl-Ing N/A N/A 1.60 1.65 1.30 5.33 209.64</u></div>
<div><u>W O Feed 1.45 5.29 208.40</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.71 5.56 218.79</u></div>
<div><u>Toledo El. -0.05 3.79 149.34 -0.34 3.69 145.16</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.78 4.63 182.18 0.95 4.98195 6/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.97 1/2 5.00</u></div>
<div><u>HI SD CRN 1.00 5.02 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 1.3514 up 0.0065</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.34 1/2 NOV17 HI 9.42</u></div>
<div><u> LOW 9.24 1/2 LOW 9.32 3/4</u></div>
<div><u> CLOSE9.30 3/4 Up 7 1/4 CLOSE 9.35 3/4 Up 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+NOV1+NOV17</u></div>
<div><u>CK Low 2.65 11.96 439.362.25 11.61 426.50</u></div>
<div><u>CK High 2.70 12.01 441.202.40 11.76 432.01</u></div>
<div><u>CK Average 2.68 -0.4411.99 440.472.35 -0.7011.70 429.99</u></div>
<div><u>Essex Cty 2.65 11.96 439.362.25 11.61 426.50</u></div>
<div><u>Mdsx Low 2.65 11.96 439.362.37 11.73 430.91</u></div>
<div><u>Mdsx High 2.75 12.06 443.042.40 11.76 432.01</u></div>
<div><u>Mdsx Average 2.70 -0.4212.01 441.202.39 -0.6711.74 431.46</u></div>
<div><u>Hensall 2.75 12.06 443.042.40 11.76 432.01</u></div>
<div><u>Bruce 2.75 12.06 443.042.40 11.76 432.01</u></div>
<div><u>Putnam 2.75 12.06 443.042.40 11.76 432.01</u></div>
<div><u>Burford 2.72 12.03 441.932.44 11.80 433.48</u></div>
<div><u>Port Perry 2.65 11.96 439.362.37 11.73 430.91</u></div>
<div><u>Norfolk 2.78 12.09 444.142.45 11.81 433.85</u></div>
<div><u>Palmerston 2.70 12.01 441.202.35 11.71 430.18</u></div>
<div><u>Varna 2.75 12.06 443.042.40 11.76 432.01</u></div>
<div><u>Trenton 2.75 12.06 443.042.40 11.76 432.01</u></div>
<div><u>Winchester 2.56 11.87 436.062.70 12.06 443.04</u></div>
<div><u>North Gower 2.53 11.84 434.952.62 11.98 440.10</u></div>
<div><u>Huron FOB 2.90 12.21 448.552.50 11.86 435.69</u></div>
<div><u>Kent FOB 2.83 12.14 445.982.35 11.71 430.18</u></div>
<div><u>Lambton FOB 2.75 12.06 443.042.55 11.91 437.53</u></div>
<div><u>Middlesex FOB2.88 2.88 N/A N/A 12.19 447.812.54 11.90 437.16</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.19 3.12 N/A N/A 12.50 459.202.93 12.28 451.30</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.66 11.97 439.732.81 12.17 447.08</u></div>
<div><u>Sarnia N/A 2.83 12.19 447.81</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.27 9.04 332.06-0.57 8.79 322.97</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3514 up 0.0065</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>JUL17 HI 4.48 3/4 JUL17 HI 4.48 3/4</u></div>
<div><u> LOW 4.37 1/2 LOW 4.37 1/2</u></div>
<div><u> CLOSE 4.44 3/4 Up 9 CLOSE 4.44 3/4 Up 9</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL17 HI 6.04 1/2 SEP17 HI 6.05 1/4</u></div>
<div><u> LOW 5.87 LOW 5.90 1/4</u></div>
<div><u> CLOSE 5.95 1/2 Down 3 1/4 CLOSE 5.99 Down 1 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 0.62 0.62 0.62 0.40</u></div>
<div><u>CAD $/bu 5.06 5.06 5.06 6.36</u></div>
<div><u>CAD $/tonne 186.08 186.08 186.08 233.62</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 0.85 N/A N/A N/A 0.90 N/A</u></div>
<div><u>London 0.74 0.67 0.67 N/A 1.05 0.91 0.87 N/A</u></div>
<div><u>Hensall 0.95 N/A 0.85 N/A 1.10 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 0.95 N/A 0.85 0.45 1.10 0.90 0.90 0.65</u></div>
<div><u>Essex N/A N/A 0.57 N/A N/A N/A 0.77 N/A</u></div>
<div><u>Norwich 0.95 N/A 0.85 N/A 1.10 N/A 0.90 N/A</u></div>
<div><u>Port Hope N/A N/A 0.85 N/A N/A 0.90 1.00 N/A</u></div>
<div><u>Kent Bridge 0.95 N/A 0.85 N/A 1.10 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 0.75 0.80 0.65 N/A 0.90 0.90 0.60</u></div>
<div><u>Varna 0.90 0.85 0.80 N/A 1.20 0.90 0.90 N/A</u></div>
<div><u>Mitchell 0.95 0.85 0.85 N/A 1.10 0.90 0.90 N/A</u></div>
<div><u>Thornton N/A N/A N/A -0.15 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.46 0.46 0.18 N/A 1.28 1.28 0.56</u></div>
<div><u>W O Feed 1.48</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.25 N/A 1.15 N/A 1.44 N/A 1.34 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 1.50N/A N/A N/A 1.36N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.35US 5.87CA 4.35US 5.87CA</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 1.36 1.29 1.29 0.69</u></div>
<div><u>CAD $/bu 5.81 5.74 5.74 6.68</u></div>
<div><u>CAD $/tonne 213.39 210.90 210.90 245.29</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 446.33</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00 - 180.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
<p></p>
<p></p>
<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%;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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