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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, April 20</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2735 up 0.0075</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.81 3/4 DEC18 HI 4.07 1/2</u></div>
<div><u> LOW 3.76 1/4 LOW 4.02 1/4</u></div>
<div><u> CLOSE3.76 1/2 Down 5 1/2 CLOSE 4.02 1/2 Down 5 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 0.65 4.42 173.81 0.65 4.68 184.05</u></div>
<div><u>CK High 0.84 4.61 181.29 0.75 4.78 187.98</u></div>
<div><u>CK Avg 0.75 -0.22 4.51 177.68 0.67 -0.34 4.69 184.70</u></div>
<div><u>Essex Cty 0.84 4.61 181.29 0.65 4.68 184.05</u></div>
<div><u>Mdsx Low 0.75 4.52 177.75 0.65 4.68 184.05</u></div>
<div><u>Mdsx High 0.80 4.57 179.72 0.70 4.73 186.02</u></div>
<div><u>Mdsx Avg 0.78 -0.20 4.54 178.73 0.68 -0.33 4.70 185.03</u></div>
<div><u>Hensall 0.80 4.57 179.72 0.70 4.73 186.02</u></div>
<div><u>Bruce 0.80 4.57 179.72 0.70 4.73 186.02</u></div>
<div><u>Putnam 0.80 4.57 179.72 0.70 4.73 186.02</u></div>
<div><u>Burford 0.80 4.57 179.72 0.70 4.73 186.02</u></div>
<div><u>Port Perry 0.80 4.57 179.72 0.70 4.73 186.02</u></div>
<div><u>Norfolk 0.84 4.61 181.29 0.70 4.73 186.02</u></div>
<div><u>Palmerston 0.75 4.52 177.75 0.65 4.68 184.05</u></div>
<div><u>Varna 0.80 4.57 179.72 0.70 4.73 186.02</u></div>
<div><u>Trenton 0.85 4.62 181.68 0.80 4.83 189.95</u></div>
<div><u>Winchester 1.01 4.78 187.98 1.06 5.09 200.19</u></div>
<div><u>North Gower 0.97 4.74 186.41 1.02 5.05 198.61</u></div>
<div><u>Huron FOB 1.00 4.77 187.59 0.80 4.83 189.95</u></div>
<div><u>Kent FOB 0.99 4.76 187.20 0.70 4.73 186.02</u></div>
<div><u>Lamb FOB 0.95 4.72 185.62 0.75 4.78 187.98</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.85N/A 4.62 181.68 0.80 4.83 189.95</u></div>
<div><u>FOB SW Que 1.32 5.09 200.19N/A</u></div>
<div><u>Track 1.23 4.99 196.45N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 0.88 4.91 193.10</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 4.93 193.89</u></div>
<div><u>Sarn-Eth 1.10 1.10 1.10N/A 4.87 191.53N/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 4.98 195.86</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 5.10 200.58</u></div>
<div><u>W O Feed 1.28 5.04 198.53</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.34 5.11 200.97</u></div>
<div><u>Toledo El. -0.01 3.75 147.72 -0.25 3.77 148.43</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.74 1/2 4.51 0.70 4.72 1/2</u></div>
<div><u>HI SD CRN 0.84 4.60 1/2 0.75 4.77 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 1.2735 up 0.0075</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.38 1/2 NOV18 HI 10.44</u></div>
<div><u> LOW 10.27 3/4 LOW 10.33 3/4</u></div>
<div><u> CLOSE10.28 3/4 Down 8 1/2 CLOSE 10.35 Down 7 1/2</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 2.15 12.44 457.002.15 12.50 459.30</u></div>
<div><u>CK High 2.20 12.49 458.842.22 12.57 461.87</u></div>
<div><u>CK Average 2.17 -0.5112.46 457.732.18 -0.5112.53 460.52</u></div>
<div><u>Essex Cty 2.25 12.54 460.672.13 12.48 458.56</u></div>
<div><u>Mdsx Low 2.17 12.46 457.732.22 12.57 461.87</u></div>
<div><u>Mdsx High 2.20 12.49 458.842.25 12.60 462.97</u></div>
<div><u>Mdsx Average 2.19 -0.4912.47 458.292.24 -0.4712.59 462.42</u></div>
<div><u>Hensall 2.20 12.49 458.842.25 12.60 462.97</u></div>
<div><u>Bruce 2.20 12.49 458.842.20 12.55 461.13</u></div>
<div><u>Putnam 2.20 12.49 458.842.25 12.60 462.97</u></div>
<div><u>Burford 2.24 12.53 460.312.29 12.64 464.44</u></div>
<div><u>Port Perry 2.17 12.46 457.732.22 12.57 461.87</u></div>
<div><u>Norfolk 2.15 12.44 457.002.23 12.58 462.24</u></div>
<div><u>Palmerston 2.15 12.44 457.002.15 12.50 459.30</u></div>
<div><u>Varna 2.20 12.49 458.842.25 12.60 462.97</u></div>
<div><u>Trenton 2.15 12.44 457.002.25 12.60 462.97</u></div>
<div><u>Winchester 2.00 12.29 451.492.30 12.65 464.81</u></div>
<div><u>North Gower 1.95 12.24 449.652.13 12.48 458.56</u></div>
<div><u>Huron FOB 2.30 12.59 462.512.35 12.70 466.65</u></div>
<div><u>Kent FOB 2.30 12.59 462.512.18 12.53 460.40</u></div>
<div><u>Lambton FOB 2.35 12.64 464.352.35 12.70 466.65</u></div>
<div><u>Middlesex FOB2.34 2.42 2.42 2.48 12.63 463.982.39 12.74 468.11</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.65 13.00 477.67</u></div>
<div><u>Prescott 2.10 12.39 455.162.45 12.80 470.32</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.27 10.02 368.17-0.32 10.03 368.60</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2735 up 0.0075</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>MAY18 HI 4.76 3/4 JUL18 HI 4.91</u></div>
<div><u> LOW 4.62 1/4 LOW 4.76 1/4</u></div>
<div><u> CLOSE 4.63 1/4 Down 13 1/2 CLOSE 4.77 1/4 Down 13 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed lower.</u></div>
<div><u>MAY18 HI 6.11 1/4 SEP18 HI 6.19 3/4</u></div>
<div><u> LOW 5.99 3/4 LOW 6.11 1/4</u></div>
<div><u> CLOSE 6.00 Down 13 1/4 CLOSE 6.11 1/2 Down 12 1/2</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 1.20 1.14 0.95 0.30</u></div>
<div><u>CAD $/bu 5.84 5.77 5.58 6.30</u></div>
<div><u>CAD $/tonne 214.43 212.09 205.07 231.62</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 0.90 N/A</u></div>
<div><u>London 1.07 1.14 0.88 N/A 1.17 0.98 0.91 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 0.47 N/A N/A N/A 0.81 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 0.90 N/A</u></div>
<div><u>Brigden N/A N/A 0.85 N/A N/A N/A 0.90 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 0.97 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.04 0.90 0.10 N/A 1.19 1.13 0.22</u></div>
<div><u>W O Feed 1.44</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 1.39 N/A N/A N/A 1.31 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.82US 6.14CA 4.82US 6.14CA</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 1.18 1.05 0.99 0.27</u></div>
<div><u>CAD $/bu 5.95 5.82 5.76 6.39</u></div>
<div><u>CAD $/tonne 218.64 213.96 211.62 234.66</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 550.72</u></div>
<div><u>DDG's FOB Srn & Aylm 245.00 - 250.00</u></div>
<br>
<p></p>
<p style="margin-top:0;margin-bottom:0"></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" id="LPlnk611413" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
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" id="LPlnk935801" previewremoved="true"><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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