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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3213 down 0.0058</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.84 1/2 DEC17 HI 4.02 1/4</u></div>
<div><u> LOW 3.77 LOW 3.95</u></div>
<div><u> CLOSE3.84 Up 4 1/2 CLOSE 4.02 Up 4 1/4</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 4.59 180.70 0.85 4.87 191.72</u></div>
<div><u>CK High 0.90 4.74 186.61 0.95 4.97 195.66</u></div>
<div><u>CK Avg 0.79 -0.33 4.63 182.34 0.89 -0.30 4.91 193.36</u></div>
<div><u>Essex Cty 0.70 4.54 178.73 0.90 4.92 193.69</u></div>
<div><u>Mdsx Low 0.75 4.59 180.70 0.85 4.87 191.72</u></div>
<div><u>Mdsx High 0.80 4.64 182.67 0.90 4.92 193.69</u></div>
<div><u>Mdsx Avg 0.78 -0.35 4.62 181.68 0.88 -0.32 4.90 192.71</u></div>
<div><u>Hensall 0.83 4.67 183.65 0.90 4.92 193.69</u></div>
<div><u>Bruce 0.80 4.64 182.67 1.00 5.02 197.63</u></div>
<div><u>Putnam 0.80 4.64 182.67 0.90 4.92 193.69</u></div>
<div><u>Burford 0.75 4.59 180.70 0.95 4.97 195.66</u></div>
<div><u>Port Perry 1.00 4.84 190.54 0.95 4.97 195.66</u></div>
<div><u>Norfolk 0.85 4.69 184.64 0.95 4.97 195.66</u></div>
<div><u>Palmerston 0.90 4.74 186.61 0.90 4.92 193.69</u></div>
<div><u>Varna 0.85 4.69 184.64 0.90 4.92 193.69</u></div>
<div><u>Trenton 1.20 5.04 198.42 1.00 5.02 197.63</u></div>
<div><u>Winchester 1.22 5.06 199.20 1.22 5.24 206.29</u></div>
<div><u>North Gower 1.07 4.91 193.30 1.13 5.15 202.75</u></div>
<div><u>Huron FOB 1.12 4.96 195.27 0.98 5.00 196.84</u></div>
<div><u>Kent FOB 1.05 4.89 192.51 0.85 4.87 191.72</u></div>
<div><u>Lamb FOB 1.05 4.89 192.51 0.85 4.87 191.72</u></div>
<div><u>Mdsx FOB 1.00 0.95 1.00N/A 4.84 190.54 0.95 4.97 195.66</u></div>
<div><u>FOB SW Que 1.51 5.35 210.62N/A</u></div>
<div><u>Track 1.28 5.12 201.37N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.30 1.18 5.20 204.71</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 1.25 1.30 1.10 5.12 201.57</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.30 1.30 5.09 200.38N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A 1.35 5.37 211.41</u></div>
<div><u>London-Ing N/A N/A 1.35 1.38 1.20 5.22 205.50</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.20 5.22 205.50</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.55 1.30 5.32 209.44</u></div>
<div><u>W O Feed 1.44 5.28 208.02</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.64 5.48 215.74</u></div>
<div><u>Toledo El. -0.05 3.79 149.09 -0.33 3.69 145.26</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.78 4.62 181.88 0.95 4.97195 2/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.90 1 4.92</u></div>
<div><u>HI SD CRN 0.95 4.97</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3213 down 0.0058</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.42 1/4 NOV17 HI 9.51</u></div>
<div><u> LOW 9.32 LOW 9.40 1/4</u></div>
<div><u> CLOSE9.39 Up 4 1/4 CLOSE 9.50 Up 6</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 2.48 11.87 436.152.10 11.60 426.23</u></div>
<div><u>CK High 2.50 11.89 436.882.20 11.70 429.90</u></div>
<div><u>CK Average 2.50 -0.3911.89 436.762.16 -0.6811.66 428.37</u></div>
<div><u>Essex Cty 2.50 11.89 436.882.10 11.60 426.23</u></div>
<div><u>Mdsx Low 2.48 11.87 436.152.15 11.65 428.06</u></div>
<div><u>Mdsx High 2.55 11.94 438.722.20 11.70 429.90</u></div>
<div><u>Mdsx Average 2.52 -0.3811.91 437.432.18 -0.6611.68 428.98</u></div>
<div><u>Hensall 2.55 11.94 438.722.20 11.70 429.90</u></div>
<div><u>Bruce 2.55 11.94 438.722.20 11.70 429.90</u></div>
<div><u>Putnam 2.55 11.94 438.722.20 11.70 429.90</u></div>
<div><u>Burford 2.55 11.94 438.722.22 11.72 430.64</u></div>
<div><u>Port Perry 2.48 11.87 436.152.15 11.65 428.06</u></div>
<div><u>Norfolk 2.55 11.94 438.722.25 11.75 431.74</u></div>
<div><u>Palmerston 2.50 11.89 436.882.15 11.65 428.06</u></div>
<div><u>Varna 2.55 11.94 438.722.20 11.70 429.90</u></div>
<div><u>Trenton 2.55 11.94 438.722.25 11.75 431.74</u></div>
<div><u>Winchester 2.27 11.66 428.432.31 11.81 433.94</u></div>
<div><u>North Gower 2.23 11.62 426.962.36 11.86 435.78</u></div>
<div><u>Huron FOB 2.70 12.09 444.232.30 11.80 433.58</u></div>
<div><u>Kent FOB 2.65 12.04 442.392.20 11.70 429.90</u></div>
<div><u>Lambton FOB 2.60 11.99 440.562.35 11.85 435.41</u></div>
<div><u>Middlesex FOB2.72 2.72 N/A N/A 12.11 444.972.39 11.89 436.88</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.05 2.97 2.92 N/A 12.44 457.092.72 12.22 449.01</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.52 11.91 437.622.66 12.16 446.80</u></div>
<div><u>Sarnia 2.22 11.61 426.592.50 12.00 440.92</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 9.19 337.74-0.59 8.91 327.22</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3213 down 0.0058</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>JUL17 HI 4.68 1/2 JUL17 HI 4.68 1/2</u></div>
<div><u> LOW 4.55 1/2 LOW 4.55 1/2</u></div>
<div><u> CLOSE 4.65 1/4 Up 11 1/2 CLOSE 4.65 1/4 Up 11 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>JUL17 HI 6.45 SEP17 HI 6.50 1/2</u></div>
<div><u> LOW 6.31 LOW 6.37 3/4</u></div>
<div><u> CLOSE 6.42 3/4 Up 10 1/4 CLOSE 6.47 Up 7 1/2</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 0.57 0.57 0.57 0.41</u></div>
<div><u>CAD $/bu 5.22 5.22 5.22 6.84</u></div>
<div><u>CAD $/tonne 191.89 191.89 191.89 251.36</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 0.89 0.76 0.89 N/A 1.16 0.96 0.96 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 N/A 1.10 0.90 0.90 0.41</u></div>
<div><u>Essex N/A N/A 0.78 N/A N/A N/A 0.79 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 N/A N/A N/A 0.95 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 N/A N/A 0.90 0.90 0.41</u></div>
<div><u>Varna 0.95 0.90 0.85 N/A 1.15 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 0.05 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.41 0.41 0.18 N/A 1.23 1.23 0.51</u></div>
<div><u>W O Feed 1.53</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.31 N/A 1.20 N/A 1.33 N/A 1.24 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 1.43N/A N/A N/A 1.43N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.55US 6.02CA 4.55US 6.02CA</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 1.30 1.23 1.23 0.69</u></div>
<div><u>CAD $/bu 5.95 5.88 5.88 7.16</u></div>
<div><u>CAD $/tonne 218.59 216.16 216.16 263.13</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 441.92</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00 - 175.00</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>
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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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