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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, June 12</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3332 down 0.0136</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.87 1/4 DEC17 HI 4.05 1/4</u></div>
<div><u> LOW 3.76 1/4 LOW 3.94 1/4</u></div>
<div><u> CLOSE3.77 1/4 Down 10 1/2 CLOSE 3.95 1/2 Down 10 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 +SEP17+SEP17+DEC17</u></div>
<div><u>CK Low 0.75 4.52 178.04 0.90 4.86 191.13</u></div>
<div><u>CK High 0.80 4.57 180.01 1.00 4.96 195.07</u></div>
<div><u>CK Avg 0.78 -0.36 4.55 179.03 0.95 -0.28 4.91 193.10</u></div>
<div><u>Essex Cty 0.65 4.42 174.11 0.90 4.86 191.13</u></div>
<div><u>Mdsx Low 0.75 4.52 178.04 0.95 4.91 193.10</u></div>
<div><u>Mdsx High 0.80 4.57 180.01 0.95 4.91 193.10</u></div>
<div><u>Mdsx Avg 0.78 -0.36 4.55 179.03 0.95 -0.28 4.91 193.10</u></div>
<div><u>Hensall 0.80 4.57 180.01 0.98 4.93 194.09</u></div>
<div><u>Bruce 0.75 4.52 178.04 1.00 4.96 195.07</u></div>
<div><u>Putnam 0.75 4.52 178.04 0.95 4.91 193.10</u></div>
<div><u>Burford 0.80 4.57 180.01 1.00 4.96 195.07</u></div>
<div><u>Port Perry 1.00 4.77 187.89 1.00 4.96 195.07</u></div>
<div><u>Norfolk 0.90 4.67 183.95 1.05 5.01 197.04</u></div>
<div><u>Palmerston 0.80 4.57 180.01 0.90 4.86 191.13</u></div>
<div><u>Varna 0.80 4.57 180.01 1.00 4.96 195.07</u></div>
<div><u>Trenton 1.20 4.97 195.76 1.00 4.96 195.07</u></div>
<div><u>Winchester 1.09 4.86 191.43 1.20 5.16 202.94</u></div>
<div><u>North Gower 1.18 4.95 194.97 1.17 5.13 201.76</u></div>
<div><u>Huron FOB 1.15 4.92 193.79 1.00 4.96 195.07</u></div>
<div><u>Kent FOB 1.10 4.87 191.82 0.95 4.91 193.10</u></div>
<div><u>Lamb FOB 1.05 4.82 189.85 0.90 4.86 191.13</u></div>
<div><u>Mdsx FOB 1.05 1.10N/A N/A 4.82 189.85 1.00 4.96 195.07</u></div>
<div><u>FOB SW Que 1.51 5.28 207.96N/A</u></div>
<div><u>Track 1.28 5.05 198.71N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.42 1.22 5.18 203.73</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 5.06 199.01</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.30 1.30 5.02 197.73N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A 1.35 5.31 208.85</u></div>
<div><u>London-Ing N/A N/A 1.45 1.50 1.25 5.21 204.91</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.25 5.21 204.91</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.35 5.31 208.85</u></div>
<div><u>W O Feed 1.46 5.23 206.07</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.66 5.43 213.87</u></div>
<div><u>Toledo El. -0.05 3.72 146.42 -0.33 3.62 142.58</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.78 4.55 179.22 0.95 4.91193 1/9</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.90 1/2</u></div>
<div><u>HI SD CRN 1.00 4.95 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 1.3332 down 0.0136</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.43 1/4 NOV17 HI 9.50</u></div>
<div><u> LOW 9.30 1/4 LOW 9.36</u></div>
<div><u> CLOSE9.31 1/4 Down 10 1/4 CLOSE 9.38 1/4 Down 10</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+AUG1+NOV17</u></div>
<div><u>CK Low 2.65 11.96 439.552.30 11.68 429.26</u></div>
<div><u>CK High 2.80 12.11 445.062.45 11.83 434.77</u></div>
<div><u>CK Average 2.70 -0.3012.01 441.382.35 -0.5811.74 431.22</u></div>
<div><u>Essex Cty 2.65 11.96 439.552.25 11.63 427.42</u></div>
<div><u>Mdsx Low 2.67 11.98 440.282.37 11.75 431.83</u></div>
<div><u>Mdsx High 2.75 12.06 443.222.40 11.78 432.93</u></div>
<div><u>Mdsx Average 2.71 -0.2912.02 441.752.39 -0.5611.77 432.38</u></div>
<div><u>Hensall 2.75 12.06 443.222.40 11.78 432.93</u></div>
<div><u>Bruce 2.75 12.06 443.222.40 11.78 432.93</u></div>
<div><u>Putnam 2.80 12.11 445.062.45 11.83 434.77</u></div>
<div><u>Burford 2.74 12.05 442.852.44 11.82 434.40</u></div>
<div><u>Port Perry 2.67 11.98 440.282.37 11.75 431.83</u></div>
<div><u>Norfolk 2.73 12.04 442.492.40 11.78 432.93</u></div>
<div><u>Palmerston 2.70 12.01 441.382.40 11.78 432.93</u></div>
<div><u>Varna 2.75 12.06 443.222.40 11.78 432.93</u></div>
<div><u>Trenton 2.75 12.06 443.222.45 11.83 434.77</u></div>
<div><u>Winchester 2.57 11.88 436.612.70 12.08 443.96</u></div>
<div><u>North Gower 2.53 11.84 435.142.61 11.99 440.65</u></div>
<div><u>Huron FOB 2.90 12.21 448.732.50 11.88 436.61</u></div>
<div><u>Kent FOB 2.83 12.14 446.162.35 11.73 431.10</u></div>
<div><u>Lambton FOB 2.75 12.06 443.222.50 11.88 436.61</u></div>
<div><u>Middlesex FOB2.90 2.90 N/A N/A 12.21 448.732.54 11.92 438.08</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.22 3.15 3.10 N/A 12.53 460.492.88 12.26 450.57</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.69 12.00 441.022.83 12.21 448.73</u></div>
<div><u>Sarnia 2.41 11.72 430.732.67 12.05 442.85</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 9.11 334.83-0.60 8.78 322.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3332 down 0.0136</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>JUL17 HI 4.44 JUL17 HI 4.44</u></div>
<div><u> LOW 4.31 1/4 LOW 4.31 1/4</u></div>
<div><u> CLOSE 4.34 Down 11 3/4 CLOSE 4.34 Down 11 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>JUL17 HI 6.06 SEP17 HI 6.09 1/4</u></div>
<div><u> LOW 5.91 1/4 LOW 5.97 1/2</u></div>
<div><u> CLOSE 6.00 1/2 Down 6 CLOSE 6.06 1/4 Down 4 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 0.51 0.51 0.51 0.33</u></div>
<div><u>CAD $/bu 4.85 4.85 4.85 6.34</u></div>
<div><u>CAD $/tonne 178.31 178.31 178.31 232.92</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 0.83 0.77 0.77 N/A 1.03 0.90 0.90 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 0.75 0.85 0.45 1.10 0.90 0.90 0.65</u></div>
<div><u>Essex N/A N/A 0.62 N/A N/A N/A 0.82 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 0.90 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 0.90 0.45 N/A 0.90 0.90 0.65</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 -0.23 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.50 0.50 0.22 N/A 1.33 1.33 0.60</u></div>
<div><u>W O Feed 1.56</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.19 N/A 1.09 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 1.38N/A N/A N/A 1.38N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.24US 5.65CA 4.24US 5.65CA</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 1.25 1.18 1.18 0.62</u></div>
<div><u>CAD $/bu 5.59 5.52 5.52 6.68</u></div>
<div><u>CAD $/tonne 205.25 202.80 202.80 245.54</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 442.92</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: rgb(253, 253, 253);">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background: rgb(253, 253, 253);">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background: rgb(253, 253, 253);">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>
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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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