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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 23</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2829 up 0.0094</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 3.79 1/4 DEC18 HI 4.05</u></div>
<div><u> LOW 3.76 1/4 LOW 4.02 1/4</u></div>
<div><u> CLOSE3.78 1/2 Up 2 CLOSE 4.04 1/4 Up 1 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 +JUL18+JUL18+SEP18</u></div>
<div><u>CK Low 0.65 4.44 174.60 0.65 4.69 184.74</u></div>
<div><u>CK High 0.84 4.63 182.08 0.75 4.79 188.67</u></div>
<div><u>CK Avg 0.75 -0.25 4.53 178.47 0.68 -0.37 4.72 185.72</u></div>
<div><u>Essex Cty 0.84 4.63 182.08 0.70 4.74 186.70</u></div>
<div><u>Mdsx Low 0.75 4.54 178.54 0.65 4.69 184.74</u></div>
<div><u>Mdsx High 0.80 4.59 180.50 0.70 4.74 186.70</u></div>
<div><u>Mdsx Avg 0.78 -0.23 4.56 179.52 0.68 -0.37 4.72 185.72</u></div>
<div><u>Hensall 0.80 4.59 180.50 0.70 4.74 186.70</u></div>
<div><u>Bruce 0.80 4.59 180.50 0.70 4.74 186.70</u></div>
<div><u>Putnam 0.80 4.59 180.50 0.70 4.74 186.70</u></div>
<div><u>Burford 0.80 4.59 180.50 0.70 4.74 186.70</u></div>
<div><u>Port Perry 0.80 4.59 180.50 0.70 4.74 186.70</u></div>
<div><u>Norfolk 0.84 4.63 182.08 0.75 4.79 188.67</u></div>
<div><u>Palmerston 0.75 4.54 178.54 0.65 4.69 184.74</u></div>
<div><u>Varna 0.80 4.59 180.50 0.70 4.74 186.70</u></div>
<div><u>Trenton 0.85 4.64 182.47 0.80 4.84 190.64</u></div>
<div><u>Winchester 1.01 4.80 188.77 1.06 5.10 200.88</u></div>
<div><u>North Gower 0.97 4.76 187.20 1.02 5.06 199.30</u></div>
<div><u>Huron FOB 1.00 4.79 188.38 0.80 4.84 190.64</u></div>
<div><u>Kent FOB 0.99 4.78 187.98 0.70 4.74 186.70</u></div>
<div><u>Lamb FOB 0.95 4.74 186.41 0.75 4.79 188.67</u></div>
<div><u>Mdsx FOB 0.85 0.85 0.85N/A 4.64 182.47 0.80 4.84 190.64</u></div>
<div><u>FOB SW Que 1.40 5.19 204.12N/A</u></div>
<div><u>Track 1.23 5.01 197.23N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 0.92 4.96 195.36</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 4.94 194.58</u></div>
<div><u>Sarn-Eth 1.10 1.10 1.10N/A 4.89 192.31N/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 4.99 196.55</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 5.11 201.27</u></div>
<div><u>W O Feed 1.32 5.11 200.97</u></div>
<div><u><br>
</u></div>
<div><u>US Rep N/A</u></div>
<div><u>Toledo El. -0.01 3.77 148.50 -0.26 3.79 149.05</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.74 1/2 4.53 0.70 4.74 1/4</u></div>
<div><u>HI SD CRN 0.84 4.62 1/2 0.75 4.79 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 1.2829 up 0.0094</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAY18 HI 10.33 1/4 NOV18 HI 10.39 1/2</u></div>
<div><u> LOW 10.17 1/4 LOW 10.25 3/4</u></div>
<div><u> CLOSE10.20 3/4 Down 8 CLOSE 10.28 1/4 Down 6 3/4</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 2.10 12.31 452.222.25 12.53 460.49</u></div>
<div><u>CK High 2.35 12.56 461.412.40 12.68 466.00</u></div>
<div><u>CK Average 2.26 -0.4912.47 458.162.33 -0.4512.61 463.37</u></div>
<div><u>Essex Cty 2.35 12.56 461.412.30 12.58 462.33</u></div>
<div><u>Mdsx Low 2.27 12.48 458.472.35 12.63 464.16</u></div>
<div><u>Mdsx High 2.30 12.51 459.572.37 12.65 464.90</u></div>
<div><u>Mdsx Average 2.29 -0.4712.49 459.022.36 -0.4312.64 464.53</u></div>
<div><u>Hensall 2.28 12.48 458.652.35 12.63 464.16</u></div>
<div><u>Bruce 2.30 12.51 459.572.30 12.58 462.33</u></div>
<div><u>Putnam 2.30 12.51 459.572.35 12.63 464.16</u></div>
<div><u>Burford 2.34 12.55 461.042.44 12.72 467.47</u></div>
<div><u>Port Perry 2.27 12.48 458.472.37 12.65 464.90</u></div>
<div><u>Norfolk 2.25 12.46 457.732.40 12.68 466.00</u></div>
<div><u>Palmerston 2.15 12.36 454.062.40 12.68 466.00</u></div>
<div><u>Varna 2.20 12.41 455.902.25 12.53 460.49</u></div>
<div><u>Trenton 2.15 12.36 454.062.30 12.58 462.33</u></div>
<div><u>Winchester 2.10 12.31 452.222.34 12.62 463.80</u></div>
<div><u>North Gower 1.99 12.20 448.182.18 12.46 457.92</u></div>
<div><u>Huron FOB 2.35 12.56 461.412.45 12.73 467.84</u></div>
<div><u>Kent FOB 2.40 12.61 463.252.35 12.63 464.16</u></div>
<div><u>Lambton FOB 2.40 12.61 463.252.50 12.78 469.68</u></div>
<div><u>Middlesex FOB2.44 2.52 2.52 2.59 12.65 464.722.54 12.82 471.15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 13.08 480.70</u></div>
<div><u>Prescott 2.10 12.31 452.222.63 12.91 474.45</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.27 9.94 365.16-0.32 9.96 366.03</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2829 up 0.0094</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAY18 HI 4.69 JUL18 HI 4.83 1/4</u></div>
<div><u> LOW 4.58 3/4 LOW 4.72 1/4</u></div>
<div><u> CLOSE 4.61 1/2 Down 1 3/4 CLOSE 4.74 1/2 Down 2 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>MAY18 HI 6.03 1/2 SEP18 HI 6.13 1/4</u></div>
<div><u> LOW 5.87 3/4 LOW 6.01 3/4</u></div>
<div><u> CLOSE 5.88 Down 12 CLOSE 6.02 Down 9 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 1.24 1.18 0.98 0.32</u></div>
<div><u>CAD $/bu 5.86 5.79 5.60 6.20</u></div>
<div><u>CAD $/tonne 215.18 212.83 205.76 227.67</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 1.10 1.10 0.91 N/A 1.20 1.00 0.94 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 0.90 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 0.90 N/A N/A N/A 0.95 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 1.13 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 1.43 N/A N/A N/A 1.34 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.80US 6.15CA 4.80US 6.15CA</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 1.21 1.09 1.02 0.29</u></div>
<div><u>CAD $/bu 5.96 5.83 5.77 6.31</u></div>
<div><u>CAD $/tonne 218.95 214.24 211.88 231.92</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 548.08</u></div>
<div><u>DDG's FOB Srn & Aylm 245.00 - 250.00</u></div>
<div><u><br>
</u></div>
<u><span id="ms-rterangepaste-start"></span>
<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="LPlnk756199" 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="LPlnk284783" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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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;
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<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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