<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"><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 7</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2849 up 0.0009</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.05 3/4 DEC18 HI 4.20 1/2</u></div>
<div><u> LOW 4.00 1/4 LOW 4.15 1/2</u></div>
<div><u> CLOSE4.00 3/4 Down 5 1/2 CLOSE 4.16 1/2 Down 4 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 4.76 187.29 0.75 4.92 193.49</u></div>
<div><u>CK High 0.80 4.81 189.26 0.80 4.97 195.46</u></div>
<div><u>CK Avg 0.79 -0.27 4.80 188.93 0.76 -0.33 4.92 193.82</u></div>
<div><u>Essex Cty 0.80 4.81 189.26 0.75 4.92 193.49</u></div>
<div><u>Mdsx Low 0.80 4.81 189.26 0.75 4.92 193.49</u></div>
<div><u>Mdsx High 0.80 4.81 189.26 0.75 4.92 193.49</u></div>
<div><u>Mdsx Avg 0.80 -0.27 4.81 189.26 0.75 -0.34 4.92 193.49</u></div>
<div><u>Hensall 0.80 4.81 189.26 0.75 4.92 193.49</u></div>
<div><u>Bruce 0.80 4.81 189.26 0.75 4.92 193.49</u></div>
<div><u>Putnam 0.80 4.81 189.26 0.75 4.92 193.49</u></div>
<div><u>Burford 0.80 4.81 189.26 0.80 4.97 195.46</u></div>
<div><u>Port Perry 0.80 4.81 189.26 0.75 4.92 193.49</u></div>
<div><u>Norfolk 0.80 4.81 189.26 0.80 4.97 195.46</u></div>
<div><u>Palmerston 0.75 4.76 187.29 0.75 4.92 193.49</u></div>
<div><u>Varna 0.80 4.81 189.26 0.75 4.92 193.49</u></div>
<div><u>Trenton 0.85 4.86 191.23 0.85 5.02 197.43</u></div>
<div><u>Winchester 1.00 5.01 197.14 1.05 5.22 205.31</u></div>
<div><u>North Gower 0.96 4.97 195.56 1.02 5.19 204.12</u></div>
<div><u>Huron FOB 1.03 5.04 198.32 0.85 5.02 197.43</u></div>
<div><u>Kent FOB 1.00 5.01 197.14 0.80 4.97 195.46</u></div>
<div><u>Lamb FOB 1.05 5.06 199.10 0.80 4.97 195.46</u></div>
<div><u>Mdsx FOB 0.90 0.95N/A N/A 4.91 193.20 0.80 4.97 195.46</u></div>
<div><u>FOB SW Que 1.29 5.30 208.55N/A</u></div>
<div><u>Track 1.30 5.31 208.95N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.23 0.92 5.09 200.19</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 5.21 205.01 1.00 5.17 203.34</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 5.12 201.37</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 5.24 206.09</u></div>
<div><u>W O Feed 1.43 5.44 214.14</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.54 5.55 218.40</u></div>
<div><u>Toledo El. -0.12 3.89 153.22 -0.26 3.91 153.85</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.94</u></div>
<div><u>HI SD CRN 0.80 4.96 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 1.2849 up 0.0009</u></div>
<div><u>Chicago soybeans closed moderately lower to lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.40 NOV18 HI 10.41 1/4</u></div>
<div><u> LOW 10.10 3/4 LOW 10.16 3/4</u></div>
<div><u> CLOSE10.11 1/2 Down 25 1/4 CLOSE 10.18 Down 19 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 2.34 12.46 457.642.45 12.63 464.07</u></div>
<div><u>CK High 2.40 12.52 459.852.55 12.73 467.75</u></div>
<div><u>CK Average 2.37 -0.4012.48 458.562.48 -0.3212.66 465.30</u></div>
<div><u>Essex Cty 2.40 12.52 459.852.42 12.60 462.97</u></div>
<div><u>Mdsx Low 2.34 12.46 457.642.48 12.66 465.18</u></div>
<div><u>Mdsx High 2.40 12.52 459.852.50 12.68 465.91</u></div>
<div><u>Mdsx Average 2.37 -0.4012.49 458.752.49 -0.3212.67 465.54</u></div>
<div><u>Hensall 2.40 12.52 459.852.50 12.68 465.91</u></div>
<div><u>Bruce 2.40 12.52 459.852.50 12.68 465.91</u></div>
<div><u>Putnam 2.40 12.52 459.852.55 12.73 467.75</u></div>
<div><u>Burford 2.41 12.53 460.212.55 12.73 467.75</u></div>
<div><u>Port Perry 2.31 12.43 456.542.45 12.63 464.07</u></div>
<div><u>Norfolk 2.35 12.47 458.012.52 12.70 466.65</u></div>
<div><u>Palmerston 2.35 12.47 458.012.55 12.73 467.75</u></div>
<div><u>Varna 2.40 12.52 459.852.50 12.68 465.91</u></div>
<div><u>Trenton 2.35 12.47 458.012.50 12.68 465.91</u></div>
<div><u>Winchester 2.35 12.47 458.012.55 12.73 467.75</u></div>
<div><u>North Gower 2.25 12.37 454.342.35 12.53 460.40</u></div>
<div><u>Huron FOB 2.50 12.62 463.522.60 12.78 469.58</u></div>
<div><u>Kent FOB 2.50 12.62 463.522.47 12.65 464.81</u></div>
<div><u>Lambton FOB 2.60 12.72 467.202.60 12.78 469.58</u></div>
<div><u>Middlesex FOB2.57 2.62 2.62 N/A 12.69 466.092.59 12.77 469.22</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.69 12.81 470.502.77 12.95 475.83</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 12.98 476.93</u></div>
<div><u>Prescott 2.40 12.52 459.852.96 13.14 482.81</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.86 362.22-0.32 9.86 362.25</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2849 up 0.0009</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>JUL18 HI 5.24 JUL18 HI 5.24</u></div>
<div><u> LOW 5.10 1/2 LOW 5.10 1/2</u></div>
<div><u> CLOSE 5.11 1/2 Down 14 3/4 CLOSE 5.11 1/2 Down 14 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed lower.</u></div>
<div><u>JUL18 HI 6.22 SEP18 HI 6.27</u></div>
<div><u> LOW 6.08 LOW 6.15</u></div>
<div><u> CLOSE 6.11 Down 12 CLOSE 6.18 1/4 Down 10 3/4</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 1.35 1.29 1.10 0.33</u></div>
<div><u>CAD $/bu 6.47 6.40 6.21 6.44</u></div>
<div><u>CAD $/tonne 237.70 235.34 228.26 236.52</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 1.28 1.35 0.90 N/A 1.34 1.15 0.99 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 0.99 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 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 0.85 N/A N/A N/A 1.05 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 1.20 1.20 1.00 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 1.58 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.23 1.09 0.16 N/A 1.42 1.36 0.32</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 1.59 N/A N/A N/A 1.59 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.22US 6.70CA 5.22US 6.70CA</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 1.33 1.26 1.20 0.35</u></div>
<div><u>CAD $/bu 6.44 6.38 6.32 6.53</u></div>
<div><u>CAD $/tonne 236.76 234.40 232.04 239.95</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 556.13</u></div>
<div><u>DDG's FOB Srn & Aylm 255.00 - 265.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
<p></p>
<p style="margin-top:0;margin-bottom:0"><u></u></p>
<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="LPlnk220270" 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="LPlnk809956" 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;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object" style=""><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" 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);"> to
unsubscribe from this report.</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
<u></u><br>
<p></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;">
<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<u><br>
</u>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>