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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, April 27</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2825 down 0.0033</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 3.99 DEC18 HI 4.14 3/4</u></div>
<div><u> LOW 3.94 1/4 LOW 4.10 1/4</u></div>
<div><u> CLOSE3.98 1/2 Up 3 1/4 CLOSE 4.14 1/2 Up 3 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 +JUL18+JUL18+SEP18</u></div>
<div><u>CK Low 0.75 4.74 186.41 0.75 4.90 192.71</u></div>
<div><u>CK High 0.80 4.79 188.38 0.80 4.95 194.68</u></div>
<div><u>CK Avg 0.78 -0.27 4.76 187.39 0.76 -0.32 4.90 193.04</u></div>
<div><u>Essex Cty 0.80 4.79 188.38 0.75 4.90 192.71</u></div>
<div><u>Mdsx Low 0.80 4.79 188.38 0.75 4.90 192.71</u></div>
<div><u>Mdsx High 0.80 4.79 188.38 0.75 4.90 192.71</u></div>
<div><u>Mdsx Avg 0.80 -0.25 4.79 188.38 0.75 -0.33 4.90 192.71</u></div>
<div><u>Hensall 0.80 4.79 188.38 0.75 4.90 192.71</u></div>
<div><u>Bruce 0.80 4.79 188.38 0.75 4.90 192.71</u></div>
<div><u>Putnam 0.80 4.79 188.38 0.75 4.90 192.71</u></div>
<div><u>Burford 0.80 4.79 188.38 0.80 4.95 194.68</u></div>
<div><u>Port Perry 0.80 4.79 188.38 0.75 4.90 192.71</u></div>
<div><u>Norfolk 0.80 4.79 188.38 0.80 4.95 194.68</u></div>
<div><u>Palmerston 0.75 4.74 186.41 0.75 4.90 192.71</u></div>
<div><u>Varna 0.80 4.79 188.38 0.75 4.90 192.71</u></div>
<div><u>Trenton 0.80 4.79 188.38 0.85 5.00 196.64</u></div>
<div><u>Winchester 1.00 4.99 196.25 1.02 5.17 203.34</u></div>
<div><u>North Gower 0.88 4.87 191.53 1.02 5.17 203.34</u></div>
<div><u>Huron FOB 1.03 5.02 197.43 0.85 5.00 196.64</u></div>
<div><u>Kent FOB 1.00 4.99 196.25 0.80 4.95 194.68</u></div>
<div><u>Lamb FOB 0.95 4.94 194.28 0.80 4.95 194.68</u></div>
<div><u>Mdsx FOB 0.95 0.95 0.95N/A 4.94 194.28 0.80 4.95 194.68</u></div>
<div><u>FOB SW Que 1.33 5.32 209.24N/A</u></div>
<div><u>Track 1.23 5.21 205.11N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 0.97 5.12 201.37</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 1.15 1.15 1.15 0.90 5.05 198.61</u></div>
<div><u>Sarn-Eth N/A N/A 1.15 1.20 N/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 5.10 200.58</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 5.22 205.31</u></div>
<div><u>W O Feed 1.27 5.26 206.96</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.34 5.33 209.64</u></div>
<div><u>Toledo El. -0.13 3.86 151.83 -0.26 3.89 153.08</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.76 0.77 1/2 4.92</u></div>
<div><u>HI SD CRN 0.80 4.78 1/2 0.80 4.94 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 1.2825 down 0.0033</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.58 NOV18 HI 10.49</u></div>
<div><u> LOW 10.30 1/2 LOW 10.25 1/4</u></div>
<div><u> CLOSE10.56 1/4 Up 16 3/4 CLOSE 10.47 Up 13 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 +JUL1+JUL1+JUL18</u></div>
<div><u>CK Low 2.35 12.91 474.452.47 12.94 475.46</u></div>
<div><u>CK High 2.36 12.92 474.822.50 12.97 476.57</u></div>
<div><u>CK Average 2.35 -0.4912.91 474.512.50 -0.3612.97 476.38</u></div>
<div><u>Essex Cty 2.35 12.91 474.452.50 12.97 476.57</u></div>
<div><u>Mdsx Low 2.35 12.91 474.452.47 12.94 475.46</u></div>
<div><u>Mdsx High 2.36 12.92 474.822.55 13.02 478.40</u></div>
<div><u>Mdsx Average 2.36 -0.4912.92 474.642.51 -0.3512.98 476.93</u></div>
<div><u>Hensall 2.33 12.89 473.532.53 13.00 477.48</u></div>
<div><u>Bruce 2.35 12.91 474.452.50 12.97 476.57</u></div>
<div><u>Putnam 2.30 12.86 472.622.50 12.97 476.57</u></div>
<div><u>Burford 2.43 12.99 477.392.54 13.01 478.04</u></div>
<div><u>Port Perry 2.33 12.89 473.722.44 12.91 474.36</u></div>
<div><u>Norfolk 2.35 12.91 474.452.55 13.02 478.40</u></div>
<div><u>Palmerston 2.35 12.91 474.452.55 13.02 478.40</u></div>
<div><u>Varna 2.30 12.86 472.622.50 12.97 476.57</u></div>
<div><u>Trenton 2.30 12.86 472.622.45 12.92 474.73</u></div>
<div><u>Winchester 2.22 12.78 469.682.50 12.97 476.57</u></div>
<div><u>North Gower 2.01 12.57 461.962.35 12.82 471.05</u></div>
<div><u>Huron FOB 2.40 12.96 476.292.60 13.07 480.24</u></div>
<div><u>Kent FOB 2.50 13.06 479.962.50 12.97 476.57</u></div>
<div><u>Lambton FOB 2.50 13.06 479.962.65 13.12 482.08</u></div>
<div><u>Middlesex FOB2.60 2.60 2.65 2.71 13.16 483.642.59 13.06 479.87</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.90 13.37 491.26</u></div>
<div><u>Prescott 2.40 12.96 476.292.95 13.42 493.10</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.41 10.15 373.03-0.32 10.15 372.93</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2825 down 0.0033</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>JUL18 HI 4.99 JUL18 HI 4.99</u></div>
<div><u> LOW 4.88 3/4 LOW 4.88 3/4</u></div>
<div><u> CLOSE 4.98 1/2 Up 9 CLOSE 4.98 1/2 Up 9</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL18 HI 6.10 SEP18 HI 6.16 1/2</u></div>
<div><u> LOW 5.92 3/4 LOW 6.00 3/4</u></div>
<div><u> CLOSE 6.08 Up 4 CLOSE 6.14 1/4 Up 3 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 1.31 1.24 1.05 0.31</u></div>
<div><u>CAD $/bu 6.29 6.23 6.03 6.39</u></div>
<div><u>CAD $/tonne 231.14 228.78 221.71 234.67</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 0.80 N/A N/A N/A 0.95 N/A</u></div>
<div><u>London 1.15 1.22 0.96 N/A 1.27 1.07 1.01 N/A</u></div>
<div><u>Hensall 1.10 N/A 0.80 N/A 1.15 N/A 0.95 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 0.80 0.25 1.15 1.00 0.95 0.50</u></div>
<div><u>Essex N/A N/A 0.78 N/A N/A N/A 0.94 N/A</u></div>
<div><u>Norwich 1.10 N/A 0.80 N/A 1.15 N/A 0.95 N/A</u></div>
<div><u>Port Hope N/A N/A 0.80 N/A N/A 1.00 1.00 N/A</u></div>
<div><u>Kent Bridge 1.10 N/A 0.80 N/A 1.15 N/A 0.95 N/A</u></div>
<div><u>Chatham N/A N/A 0.80 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 0.80 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Palmerston N/A 0.90 0.80 0.23 N/A 0.90 0.85 0.35</u></div>
<div><u>Varna 1.10 1.10 0.80 N/A 1.30 1.10 0.95 N/A</u></div>
<div><u>Mitchell 1.10 1.10 0.80 N/A 1.15 1.00 0.95 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.35 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.12 0.97 0.14 N/A 1.26 1.20 0.28</u></div>
<div><u>W O Feed 1.36</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 1.54 N/A N/A N/A 1.54 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.04US 6.46CA 5.04US 6.46CA</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 1.28 1.15 1.09 0.32</u></div>
<div><u>CAD $/bu 6.26 6.14 6.07 6.47</u></div>
<div><u>CAD $/tonne 230.19 225.48 223.12 237.61</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 570.24</u></div>
<div><u>DDG's FOB Srn & Aylm 250.00</u></div>
<div><br>
</div>
<div>
<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="LPlnk455326" class="OWAAutoLink" 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="LPlnk981453" class="OWAAutoLink" 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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