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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2553 down 0.0045</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.86 1/4 DEC18 HI 4.10 3/4</u></div>
<div><u> LOW 3.82 LOW 4.06 1/2</u></div>
<div><u> CLOSE3.82 1/2 Down 3 3/4 CLOSE 4.07 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 +JUL18+JUL18+SEP18</u></div>
<div><u>CK Low 0.70 4.53 178.14 0.65 4.72 185.92</u></div>
<div><u>CK High 0.75 4.58 180.11 0.75 4.82 189.85</u></div>
<div><u>CK Avg 0.74 -0.19 4.57 179.78 0.67 -0.30 4.74 186.57</u></div>
<div><u>Essex Cty 0.75 4.58 180.11 0.65 4.72 185.92</u></div>
<div><u>Mdsx Low 0.75 4.58 180.11 0.65 4.72 185.92</u></div>
<div><u>Mdsx High 0.80 4.63 182.08 0.70 4.77 187.89</u></div>
<div><u>Mdsx Avg 0.78 -0.16 4.60 181.09 0.68 -0.29 4.75 186.90</u></div>
<div><u>Hensall 0.80 4.63 182.08 0.70 4.77 187.89</u></div>
<div><u>Bruce 0.80 4.63 182.08 0.70 4.77 187.89</u></div>
<div><u>Putnam 0.80 4.63 182.08 0.75 4.82 189.85</u></div>
<div><u>Burford 0.80 4.63 182.08 0.70 4.77 187.89</u></div>
<div><u>Port Perry 0.80 4.63 182.08 0.70 4.77 187.89</u></div>
<div><u>Norfolk 0.80 4.63 182.08 0.70 4.77 187.89</u></div>
<div><u>Palmerston 0.75 4.58 180.11 0.65 4.72 185.92</u></div>
<div><u>Varna 0.80 4.63 182.08 0.70 4.77 187.89</u></div>
<div><u>Trenton 0.85 4.68 184.05 0.80 4.87 191.82</u></div>
<div><u>Winchester 1.00 4.83 189.95 1.10 5.17 203.63</u></div>
<div><u>North Gower 0.95 4.78 187.98 1.00 5.07 199.70</u></div>
<div><u>Huron FOB 1.00 4.83 189.95 0.80 4.87 191.82</u></div>
<div><u>Kent FOB 0.90 4.73 186.02 0.70 4.77 187.89</u></div>
<div><u>Lamb FOB 0.97 4.80 188.77 0.75 4.82 189.85</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.85N/A 4.68 184.05 0.80 4.87 191.82</u></div>
<div><u>FOB SW Que 1.32 5.15 202.55N/A</u></div>
<div><u>Track 1.23 5.05 198.81N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 0.86 4.93 194.18</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 1.10 1.10 1.15 0.90 4.97 195.76</u></div>
<div><u>Sarn-Eth 1.10 1.10 1.10N/A 4.93 193.89N/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 N/A 0.95 5.02 197.73</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.07 5.14 202.45</u></div>
<div><u>W O Feed 1.30 5.13 201.92</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.38 5.21 204.91</u></div>
<div><u>Toledo El. -0.03 3.80 149.60 -0.25 3.82 150.44</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.72 1/2 4.55 0.70 4.77 1/4</u></div>
<div><u>HI SD CRN 0.75 4.57 1/2 0.75 4.82 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 1.2553 down 0.0045</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.58 3/4 NOV18 HI 10.52 1/2</u></div>
<div><u> LOW 10.41 1/2 LOW 10.39 1/4</u></div>
<div><u> CLOSE10.42 Down 12 1/4 CLOSE 10.40 1/4 Down 9 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 +MAY1+JUL1+JUL18</u></div>
<div><u>CK Low 2.08 12.50 459.302.05 12.45 457.55</u></div>
<div><u>CK High 2.15 12.57 461.872.15 12.55 461.23</u></div>
<div><u>CK Average 2.11 -0.4412.53 460.212.10 -0.4412.50 459.33</u></div>
<div><u>Essex Cty 2.20 12.62 463.712.05 12.45 457.55</u></div>
<div><u>Mdsx Low 2.08 12.50 459.302.09 12.49 459.02</u></div>
<div><u>Mdsx High 2.10 12.52 460.032.10 12.50 459.39</u></div>
<div><u>Mdsx Average 2.09 -0.4512.51 459.662.10 -0.4512.50 459.20</u></div>
<div><u>Hensall 2.10 12.52 460.032.10 12.50 459.39</u></div>
<div><u>Bruce 2.10 12.52 460.032.10 12.50 459.39</u></div>
<div><u>Putnam 2.10 12.52 460.032.05 12.45 457.55</u></div>
<div><u>Burford 2.15 12.57 461.872.16 12.56 461.59</u></div>
<div><u>Port Perry 2.08 12.50 459.302.09 12.49 459.02</u></div>
<div><u>Norfolk 2.10 12.52 460.032.15 12.55 461.23</u></div>
<div><u>Palmerston 2.20 12.62 463.712.15 12.55 461.23</u></div>
<div><u>Varna 2.10 12.52 460.032.10 12.50 459.39</u></div>
<div><u>Trenton 2.10 12.52 460.032.00 12.40 455.71</u></div>
<div><u>Winchester 1.96 12.38 454.892.03 12.43 456.82</u></div>
<div><u>North Gower 1.98 12.40 455.622.00 12.40 455.71</u></div>
<div><u>Huron FOB 2.20 12.62 463.712.20 12.60 463.06</u></div>
<div><u>Kent FOB 2.25 12.67 465.542.10 12.50 459.39</u></div>
<div><u>Lambton FOB 2.20 12.62 463.712.15 12.55 461.23</u></div>
<div><u>Middlesex FOB2.19 2.26 2.26 2.26 12.61 463.342.13 12.53 460.49</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.50 12.90 474.09</u></div>
<div><u>Prescott 2.42 12.84 471.792.45 12.85 472.25</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 10.16 373.18-0.31 10.09 370.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2553 down 0.0045</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>MAY18 HI 4.70 1/4 JUL18 HI 4.87</u></div>
<div><u> LOW 4.61 1/2 LOW 4.78</u></div>
<div><u> CLOSE 4.62 1/4 Down 10 1/4 CLOSE 4.79 Down 10 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>MAY18 HI 6.14 1/4 SEP18 HI 6.27</u></div>
<div><u> LOW 6.03 1/2 LOW 6.17 1/4</u></div>
<div><u> CLOSE 6.06 3/4 Down 10 1/4 CLOSE 6.20 1/2 Down 9 3/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.12 1.05 0.87 0.23</u></div>
<div><u>CAD $/bu 5.74 5.68 5.49 6.30</u></div>
<div><u>CAD $/tonne 210.91 208.60 201.68 231.44</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2017 Harvest 2018</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 0.85 N/A</u></div>
<div><u>London 1.01 1.08 0.83 N/A 1.12 0.93 0.80 N/A</u></div>
<div><u>Hensall 1.10 N/A 0.85 N/A 1.15 N/A 0.90 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.00 N/A</u></div>
<div><u>Bruce 1.10 1.10 0.85 0.25 1.15 1.00 0.90 0.50</u></div>
<div><u>Essex N/A N/A 0.60 N/A N/A N/A 0.82 N/A</u></div>
<div><u>Norwich 1.10 N/A 0.85 N/A 1.15 N/A 0.90 N/A</u></div>
<div><u>Port Hope N/A N/A 0.85 N/A N/A 1.00 1.00 N/A</u></div>
<div><u>Kent Bridge 1.10 N/A 0.85 N/A 1.15 N/A 0.90 N/A</u></div>
<div><u>Chatham N/A N/A 0.85 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Brigden N/A N/A 0.85 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Palmerston N/A 1.00 0.90 0.25 N/A 0.90 0.85 0.35</u></div>
<div><u>Varna 1.15 1.20 0.85 N/A 1.10 1.10 0.90 N/A</u></div>
<div><u>Mitchell 1.10 1.10 0.85 N/A 1.15 1.00 0.90 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.83 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.01 0.87 0.08 N/A 1.17 1.11 0.20</u></div>
<div><u>W O Feed 1.48</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.31 N/A N/A N/A 1.22 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.82US 6.05CA 4.84US 6.08CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.10 0.97 0.91 0.20</u></div>
<div><u>CAD $/bu 5.89 5.76 5.70 6.41</u></div>
<div><u>CAD $/tonne 216.33 211.72 209.41 235.47</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 551.17</u></div>
<div><u>DDG's FOB Srn & Aylm 245.00 - 250.00</u></div>
<div><u><br>
</u></div>
<div><u></u>
<p class="MsoNormal" style=""><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" style="" id="LPlnk93356" previewremoved="true"><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" style=""><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" style="" id="LPlnk157485" previewremoved="true"><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" style=""><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
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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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