<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 4</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.284 up 0.0004</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.08 1/4 DEC18 HI 4.22 1/2</u></div>
<div><u> LOW 4.05 1/2 LOW 4.20</u></div>
<div><u> CLOSE4.06 1/4 Down 1 3/4 CLOSE 4.21 Down 1 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 4.81 189.46 0.75 4.96 195.27</u></div>
<div><u>CK High 0.80 4.86 191.43 0.80 5.01 197.23</u></div>
<div><u>CK Avg 0.79 -0.28 4.85 191.10 0.76 -0.34 4.97 195.59</u></div>
<div><u>Essex Cty 0.80 4.86 191.43 0.75 4.96 195.27</u></div>
<div><u>Mdsx Low 0.80 4.86 191.43 0.75 4.96 195.27</u></div>
<div><u>Mdsx High 0.80 4.86 191.43 0.75 4.96 195.27</u></div>
<div><u>Mdsx Avg 0.80 -0.28 4.86 191.43 0.75 -0.35 4.96 195.27</u></div>
<div><u>Hensall 0.80 4.86 191.43 0.75 4.96 195.27</u></div>
<div><u>Bruce 0.80 4.86 191.43 0.75 4.96 195.27</u></div>
<div><u>Putnam 0.80 4.86 191.43 0.75 4.96 195.27</u></div>
<div><u>Burford 0.80 4.86 191.43 0.80 5.01 197.23</u></div>
<div><u>Port Perry 0.80 4.86 191.43 0.75 4.96 195.27</u></div>
<div><u>Norfolk 0.80 4.86 191.43 0.80 5.01 197.23</u></div>
<div><u>Palmerston 0.75 4.81 189.46 0.75 4.96 195.27</u></div>
<div><u>Varna 0.80 4.86 191.43 0.75 4.96 195.27</u></div>
<div><u>Trenton 0.85 4.91 193.40 0.85 5.06 199.20</u></div>
<div><u>Winchester 1.00 5.06 199.30 1.05 5.26 207.08</u></div>
<div><u>North Gower 0.96 5.02 197.73 1.02 5.23 205.90</u></div>
<div><u>Huron FOB 1.03 5.09 200.48 0.85 5.06 199.20</u></div>
<div><u>Kent FOB 1.00 5.06 199.30 0.80 5.01 197.23</u></div>
<div><u>Lamb FOB 1.05 5.11 201.27 0.80 5.01 197.23</u></div>
<div><u>Mdsx FOB 0.90 0.95N/A N/A 4.96 195.36 0.80 5.01 197.23</u></div>
<div><u>FOB SW Que 1.32 5.38 211.90N/A</u></div>
<div><u>Track 1.30 5.36 211.11N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.23 0.92 5.13 201.96</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 5.26 207.18 1.00 5.21 205.11</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 5.16 203.14</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 5.28 207.86</u></div>
<div><u>W O Feed 1.43 5.49 216.31</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.54 5.60 220.56</u></div>
<div><u>Toledo El. -0.12 3.95 155.38 -0.26 3.95 155.63</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.98 1/2</u></div>
<div><u>HI SD CRN 0.80 5.01</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.284 up 0.0004</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.52 3/4 NOV18 HI 10.48 3/4</u></div>
<div><u> LOW 10.36 1/4 LOW 10.35 1/2</u></div>
<div><u> CLOSE10.36 3/4 Down 16 1/2 CLOSE 10.37 1/4 Down 12 1/4</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 12.72 467.292.50 12.87 472.98</u></div>
<div><u>CK High 2.40 12.77 469.132.55 12.92 474.82</u></div>
<div><u>CK Average 2.39 -0.4312.76 468.702.51 -0.3412.88 473.35</u></div>
<div><u>Essex Cty 2.45 12.82 470.962.45 12.82 471.15</u></div>
<div><u>Mdsx Low 2.38 12.75 468.392.51 12.88 473.35</u></div>
<div><u>Mdsx High 2.40 12.77 469.132.55 12.92 474.82</u></div>
<div><u>Mdsx Average 2.39 -0.4312.76 468.762.53 -0.3212.90 474.09</u></div>
<div><u>Hensall 2.40 12.77 469.132.55 12.92 474.82</u></div>
<div><u>Bruce 2.40 12.77 469.132.55 12.92 474.82</u></div>
<div><u>Putnam 2.40 12.77 469.132.55 12.92 474.82</u></div>
<div><u>Burford 2.45 12.82 470.962.58 12.95 475.92</u></div>
<div><u>Port Perry 2.35 12.72 467.292.48 12.85 472.25</u></div>
<div><u>Norfolk 2.40 12.77 469.132.55 12.92 474.82</u></div>
<div><u>Palmerston 2.35 12.72 467.292.55 12.92 474.82</u></div>
<div><u>Varna 2.40 12.77 469.132.55 12.92 474.82</u></div>
<div><u>Trenton 2.40 12.77 469.132.50 12.87 472.98</u></div>
<div><u>Winchester 2.26 12.63 463.982.35 12.72 467.47</u></div>
<div><u>North Gower 2.29 12.66 465.082.39 12.76 468.94</u></div>
<div><u>Huron FOB 2.50 12.87 472.802.65 13.02 478.49</u></div>
<div><u>Kent FOB 2.55 12.92 474.642.50 12.87 472.98</u></div>
<div><u>Lambton FOB 2.60 12.97 476.472.60 12.97 476.66</u></div>
<div><u>Middlesex FOB2.61 2.66 2.66 2.70 12.98 476.842.62 12.99 477.39</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.76 13.13 482.352.82 13.19 484.74</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.85 13.22 485.84</u></div>
<div><u>Prescott 2.40 12.77 469.132.96 13.33 489.89</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 10.11 371.50-0.32 10.05 369.33</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.284 up 0.0004</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>JUL18 HI 5.37 1/4 JUL18 HI 5.37 1/4</u></div>
<div><u> LOW 5.23 1/2 LOW 5.23 1/2</u></div>
<div><u> CLOSE 5.26 1/4 Down 11 3/4 CLOSE 5.26 1/4 Down 11 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>JUL18 HI 6.29 1/2 SEP18 HI 6.35 3/4</u></div>
<div><u> LOW 6.19 3/4 LOW 6.26 1/4</u></div>
<div><u> CLOSE 6.23 Down 7 CLOSE 6.29 Down 7 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 1.39 1.33 1.14 0.36</u></div>
<div><u>CAD $/bu 6.65 6.59 6.40 6.59</u></div>
<div><u>CAD $/tonne 244.51 242.15 235.07 242.03</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 1.00 N/A</u></div>
<div><u>London 1.33 1.39 0.94 N/A 1.38 1.19 1.04 N/A</u></div>
<div><u>Hensall 1.10 N/A 0.85 N/A 1.15 N/A 1.00 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 1.00 0.85 N/A 1.15 1.00 1.00 0.50</u></div>
<div><u>Essex N/A N/A 0.83 N/A N/A N/A 0.98 N/A</u></div>
<div><u>Norwich 1.10 N/A 0.85 N/A 1.15 N/A 1.00 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 1.00 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 1.00 0.90 0.35 N/A 1.05 0.95 0.55</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 1.00 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.64 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.26 1.12 0.17 N/A 1.38 1.31 0.34</u></div>
<div><u>W O Feed 1.54</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 1.62 N/A N/A N/A 1.62 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.36US 6.89CA 5.36US 6.89CA</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 1.30 1.24 0.37</u></div>
<div><u>CAD $/bu 6.63 6.56 6.50 6.66</u></div>
<div><u>CAD $/tonne 243.57 241.21 238.85 244.86</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 568.47</u></div>
<div><u>DDG's FOB Srn & Aylm 255.00</u></div>
<div><br>
</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="LPlnk121062" 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="LPlnk572395" 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">519-674-1530</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;
line-height:115%;font-family:"Courier New";color:#333333"><br>
<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%;
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"> to
unsubscribe from this report.</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
<br>
<p></p>
<p style="margin-top:0;margin-bottom:0"><br>
</p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size: 12pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: Calibri, Arial, Helvetica, sans-serif, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<p></p>
<div><span style="color:rgb(51,51,51); font-family:"Courier New",monospace; font-size:10pt; background-color:rgb(253,253,253)"> </span><br>
</div>
<div><span style="font-family:"Courier New",monospace; font-size:10pt"></span></div>
<br>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>