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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 2</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2819 down 0.0010</u></div>
<div><u>Chicago corn closed slightly lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.06 1/4 DEC18 HI 4.21</u></div>
<div><u> LOW 4.03 3/4 LOW 4.18 1/2</u></div>
<div><u> CLOSE4.05 Down 3/4 CLOSE 4.19 3/4 Down 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+SEP18+SEP18</u></div>
<div><u>CK Low 0.75 4.80 188.97 0.75 4.95 194.77</u></div>
<div><u>CK High 0.80 4.85 190.94 0.80 5.00 196.74</u></div>
<div><u>CK Avg 0.79 -0.27 4.84 190.61 0.76 -0.33 4.96 195.10</u></div>
<div><u>Essex Cty 0.80 4.85 190.94 0.75 4.95 194.77</u></div>
<div><u>Mdsx Low 0.80 4.85 190.94 0.75 4.95 194.77</u></div>
<div><u>Mdsx High 0.80 4.85 190.94 0.75 4.95 194.77</u></div>
<div><u>Mdsx Avg 0.80 -0.27 4.85 190.94 0.75 -0.34 4.95 194.77</u></div>
<div><u>Hensall 0.80 4.85 190.94 0.75 4.95 194.77</u></div>
<div><u>Bruce 0.80 4.85 190.94 0.75 4.95 194.77</u></div>
<div><u>Putnam 0.80 4.85 190.94 0.75 4.95 194.77</u></div>
<div><u>Burford 0.80 4.85 190.94 0.80 5.00 196.74</u></div>
<div><u>Port Perry 0.80 4.85 190.94 0.75 4.95 194.77</u></div>
<div><u>Norfolk 0.80 4.85 190.94 0.80 5.00 196.74</u></div>
<div><u>Palmerston 0.75 4.80 188.97 0.75 4.95 194.77</u></div>
<div><u>Varna 0.80 4.85 190.94 0.75 4.95 194.77</u></div>
<div><u>Trenton 0.85 4.90 192.90 0.85 5.05 198.71</u></div>
<div><u>Winchester 1.00 5.05 198.81 1.04 5.24 206.19</u></div>
<div><u>North Gower 0.96 5.01 197.23 1.02 5.22 205.40</u></div>
<div><u>Huron FOB 1.03 5.08 199.99 0.85 5.05 198.71</u></div>
<div><u>Kent FOB 1.00 5.05 198.81 0.80 5.00 196.74</u></div>
<div><u>Lamb FOB 1.05 5.10 200.78 0.80 5.00 196.74</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.95 194.87 0.85 5.05 198.71</u></div>
<div><u>FOB SW Que 1.29 5.34 210.23N/A</u></div>
<div><u>Track 1.30 5.35 210.62N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.21 0.91 5.11 201.07</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 5.25 206.68 1.00 5.20 204.62</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 5.15 202.65</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 5.27 207.37</u></div>
<div><u>W O Feed 1.42 5.47 215.19</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.54 5.59 220.07</u></div>
<div><u>Toledo El. -0.12 3.93 154.90 -0.26 3.94 155.16</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.97 1/4</u></div>
<div><u>HI SD CRN 0.80 4.99 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2819 down 0.0010</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.54 3/4 NOV18 HI 10.52</u></div>
<div><u> LOW 10.39 1/4 LOW 10.38</u></div>
<div><u> CLOSE10.43 Down 10 1/4 CLOSE 10.40 3/4 Down 9 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 12.78 469.582.43 12.84 471.70</u></div>
<div><u>CK High 2.40 12.83 471.422.55 12.96 476.11</u></div>
<div><u>CK Average 2.39 -0.4312.82 470.872.50 -0.3412.90 474.15</u></div>
<div><u>Essex Cty 2.40 12.83 471.422.45 12.86 472.43</u></div>
<div><u>Mdsx Low 2.36 12.79 469.952.43 12.84 471.70</u></div>
<div><u>Mdsx High 2.40 12.83 471.422.55 12.96 476.11</u></div>
<div><u>Mdsx Average 2.38 -0.4412.81 470.692.49 -0.3512.90 473.90</u></div>
<div><u>Hensall 2.40 12.83 471.422.55 12.96 476.11</u></div>
<div><u>Bruce 2.40 12.83 471.422.55 12.96 476.11</u></div>
<div><u>Putnam 2.40 12.83 471.422.55 12.96 476.11</u></div>
<div><u>Burford 2.43 12.86 472.522.50 12.91 474.27</u></div>
<div><u>Port Perry 2.33 12.76 468.852.40 12.81 470.60</u></div>
<div><u>Norfolk 2.40 12.83 471.422.55 12.96 476.11</u></div>
<div><u>Palmerston 2.35 12.78 469.582.55 12.96 476.11</u></div>
<div><u>Varna 2.40 12.83 471.422.55 12.96 476.11</u></div>
<div><u>Trenton 2.40 12.83 471.422.50 12.91 474.27</u></div>
<div><u>Winchester 2.23 12.66 465.182.47 12.88 473.17</u></div>
<div><u>North Gower 2.29 12.72 467.382.39 12.80 470.23</u></div>
<div><u>Huron FOB 2.50 12.93 475.102.65 13.06 479.78</u></div>
<div><u>Kent FOB 2.55 12.98 476.932.50 12.91 474.27</u></div>
<div><u>Lambton FOB 2.60 13.03 478.772.60 13.01 477.94</u></div>
<div><u>Middlesex FOB2.60 2.64 2.64 2.71 13.03 478.772.60 13.01 477.94</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.85 13.26 487.13</u></div>
<div><u>Prescott 2.40 12.83 471.422.95 13.36 490.80</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 10.17 373.82-0.32 10.09 370.63</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2819 down 0.0010</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL18 HI 5.34 1/2 JUL18 HI 5.34 1/2</u></div>
<div><u> LOW 5.21 LOW 5.21</u></div>
<div><u> CLOSE 5.26 3/4 Down 2 1/2 CLOSE 5.26 3/4 Down 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL18 HI 6.26 SEP18 HI 6.32</u></div>
<div><u> LOW 6.20 LOW 6.25 1/2</u></div>
<div><u> CLOSE 6.24 1/2 Up 1 CLOSE 6.30 1/4 Up 1</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 1.38 1.32 1.13 0.35</u></div>
<div><u>CAD $/bu 6.65 6.59 6.39 6.60</u></div>
<div><u>CAD $/tonne 244.34 241.98 234.92 242.34</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 1.30 1.36 0.91 N/A 1.35 1.16 1.03 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 1.00 0.85 N/A 1.15 1.00 0.95 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.60 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.23 1.09 0.15 N/A 1.34 1.28 0.32</u></div>
<div><u>W O Feed 1.50</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 1.61 N/A N/A N/A 1.61 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.32US 6.82CA 5.32US 6.82CA</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 1.36 1.23 1.16 0.37</u></div>
<div><u>CAD $/bu 6.62 6.50 6.43 6.67</u></div>
<div><u>CAD $/tonne 243.40 238.69 236.33 245.04</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 576.19</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" id="LPlnk58964" class="OWAAutoLink" style="" 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" id="LPlnk498947" class="OWAAutoLink" style="" 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; background:#FDFDFD"> </span></span><span style="font-size:10pt; line-height:115%; font-family:"Courier New"; color:rgb(51,51,51)"><br>
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