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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 1</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2829 up 0.0003</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.06 DEC18 HI 4.20 1/2</u></div>
<div><u> LOW 3.99 3/4 LOW 4.14 1/2</u></div>
<div><u> CLOSE4.05 3/4 Up 5 CLOSE 4.20 1/4 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 +JUL18+SEP18+SEP18</u></div>
<div><u>CK Low 0.75 4.81 189.26 0.75 4.95 194.97</u></div>
<div><u>CK High 0.80 4.86 191.23 0.80 5.00 196.94</u></div>
<div><u>CK Avg 0.79 -0.28 4.85 190.90 0.76 -0.34 4.96 195.30</u></div>
<div><u>Essex Cty 0.80 4.86 191.23 0.75 4.95 194.97</u></div>
<div><u>Mdsx Low 0.80 4.86 191.23 0.75 4.95 194.97</u></div>
<div><u>Mdsx High 0.80 4.86 191.23 0.75 4.95 194.97</u></div>
<div><u>Mdsx Avg 0.80 -0.27 4.86 191.23 0.75 -0.34 4.95 194.97</u></div>
<div><u>Hensall 0.80 4.86 191.23 0.75 4.95 194.97</u></div>
<div><u>Bruce 0.80 4.86 191.23 0.75 4.95 194.97</u></div>
<div><u>Putnam 0.80 4.86 191.23 0.75 4.95 194.97</u></div>
<div><u>Burford 0.80 4.86 191.23 0.80 5.00 196.94</u></div>
<div><u>Port Perry 0.80 4.86 191.23 0.75 4.95 194.97</u></div>
<div><u>Norfolk 0.80 4.86 191.23 0.80 5.00 196.94</u></div>
<div><u>Palmerston 0.75 4.81 189.26 0.75 4.95 194.97</u></div>
<div><u>Varna 0.80 4.86 191.23 0.75 4.95 194.97</u></div>
<div><u>Trenton 0.85 4.91 193.20 0.85 5.05 198.91</u></div>
<div><u>Winchester 1.00 5.06 199.10 1.02 5.22 205.60</u></div>
<div><u>North Gower 0.96 5.02 197.53 1.02 5.22 205.60</u></div>
<div><u>Huron FOB 1.03 5.09 200.29 0.85 5.05 198.91</u></div>
<div><u>Kent FOB 1.00 5.06 199.10 0.80 5.00 196.94</u></div>
<div><u>Lamb FOB 1.05 5.11 201.07 0.80 5.00 196.94</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.96 195.17 0.85 5.05 198.91</u></div>
<div><u>FOB SW Que 1.30 5.36 210.92N/A</u></div>
<div><u>Track 1.25 5.31 208.95N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.21 0.91 5.11 201.27</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 1.20 1.20 1.20 1.25 5.26 206.98 1.00 5.20 204.81</u></div>
<div><u>Sarn-Eth N/A 1.15 1.20N/A 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 1.25 0.95 5.15 202.84</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 5.27 207.57</u></div>
<div><u>W O Feed 1.36 5.41 213.12</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.54 5.60 220.36</u></div>
<div><u>Toledo El. -0.12 3.94 155.19 -0.26 3.95 155.34</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.97 3/4</u></div>
<div><u>HI SD CRN 0.80 5.00 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 0.0003</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.55 1/2 NOV18 HI 10.51 1/2</u></div>
<div><u> LOW 10.41 LOW 10.37 3/4</u></div>
<div><u> CLOSE10.53 1/4 Up 4 3/4 CLOSE 10.50 1/2 Up 5 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+SEP18</u></div>
<div><u>CK Low 2.35 12.88 473.352.48 12.99 477.12</u></div>
<div><u>CK High 2.40 12.93 475.192.55 13.06 479.69</u></div>
<div><u>CK Average 2.38 -0.4612.92 474.582.51 -0.3613.01 478.04</u></div>
<div><u>Essex Cty 2.40 12.93 475.192.45 12.96 476.01</u></div>
<div><u>Mdsx Low 2.35 12.88 473.352.48 12.99 477.12</u></div>
<div><u>Mdsx High 2.40 12.93 475.192.55 13.06 479.69</u></div>
<div><u>Mdsx Average 2.38 -0.4712.91 474.272.52 -0.3613.02 478.40</u></div>
<div><u>Hensall 2.40 12.93 475.192.55 13.06 479.69</u></div>
<div><u>Bruce 2.40 12.93 475.192.55 13.06 479.69</u></div>
<div><u>Putnam 2.40 12.93 475.192.55 13.06 479.69</u></div>
<div><u>Burford 2.42 12.95 475.922.55 13.06 479.69</u></div>
<div><u>Port Perry 2.32 12.85 472.252.45 12.96 476.01</u></div>
<div><u>Norfolk 2.40 12.93 475.192.55 13.06 479.69</u></div>
<div><u>Palmerston 2.35 12.88 473.352.55 13.06 479.69</u></div>
<div><u>Varna 2.40 12.93 475.192.55 13.06 479.69</u></div>
<div><u>Trenton 2.40 12.93 475.192.50 13.01 477.85</u></div>
<div><u>Winchester 2.25 12.78 469.682.50 13.01 477.85</u></div>
<div><u>North Gower 2.29 12.82 471.152.43 12.94 475.28</u></div>
<div><u>Huron FOB 2.50 13.03 478.862.65 13.16 483.36</u></div>
<div><u>Kent FOB 2.55 13.08 480.702.50 13.01 477.85</u></div>
<div><u>Lambton FOB 2.65 13.18 484.372.65 13.16 483.36</u></div>
<div><u>Middlesex FOB2.58 2.63 2.63 2.70 13.11 481.802.59 13.10 481.16</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.90 13.41 492.55</u></div>
<div><u>Prescott 2.40 12.93 475.192.95 13.46 494.39</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 10.28 377.58-0.32 10.18 374.21</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2829 up 0.0003</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>JUL18 HI 5.30 JUL18 HI 5.30</u></div>
<div><u> LOW 5.06 LOW 5.06</u></div>
<div><u> CLOSE 5.29 1/4 Up 18 3/4 CLOSE 5.29 1/4 Up 18 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>JUL18 HI 6.24 SEP18 HI 6.29 3/4</u></div>
<div><u> LOW 6.10 LOW 6.16</u></div>
<div><u> CLOSE 6.23 1/2 Up 8 CLOSE 6.29 1/4 Up 8 1/4</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 1.39 1.33 1.14 0.35</u></div>
<div><u>CAD $/bu 6.69 6.62 6.43 6.59</u></div>
<div><u>CAD $/tonne 245.70 243.35 236.28 242.05</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 0.95 N/A</u></div>
<div><u>London 1.25 1.31 0.86 N/A 1.30 1.11 0.98 N/A</u></div>
<div><u>Hensall 1.10 N/A 0.85 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 N/A 1.15 1.00 0.95 0.50</u></div>
<div><u>Essex N/A N/A 0.83 N/A N/A N/A 0.97 N/A</u></div>
<div><u>Norwich 1.10 N/A 0.85 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 0.85 N/A 1.15 N/A 0.95 N/A</u></div>
<div><u>Chatham N/A N/A 0.85 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 0.85 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A N/A N/A N/A N/A 0.90 0.85 0.35</u></div>
<div><u>Varna 1.15 1.10 0.85 N/A 1.30 1.10 0.95 N/A</u></div>
<div><u>Mitchell 1.10 N/A 0.85 N/A 1.15 1.00 0.95 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.58 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.18 1.03 0.13 N/A 1.29 1.22 0.29</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 1.63 N/A N/A N/A 1.63 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.34US 6.85CA 5.34US 6.85CA</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 1.37 1.24 1.18 0.37</u></div>
<div><u>CAD $/bu 6.66 6.53 6.47 6.66</u></div>
<div><u>CAD $/tonne 244.76 240.05 237.69 244.76</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 580.27</u></div>
<div><u>DDG's FOB Srn & Aylm 250.00 - 255.00</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="LPlnk955682" class="OWAAutoLink" 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="LPlnk683856" class="OWAAutoLink" 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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