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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 8</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2947 up 0.0098</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.04 DEC18 HI 4.19 3/4</u></div>
<div><u> LOW 3.99 1/4 LOW 4.15 1/4</u></div>
<div><u> CLOSE4.03 1/4 Up 2 1/2 CLOSE 4.19 1/2 Up 3</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 4.78 188.28 0.75 4.95 194.68</u></div>
<div><u>CK High 0.85 4.88 192.22 0.80 5.00 196.64</u></div>
<div><u>CK Avg 0.83 -0.28 4.86 191.23 0.76 -0.37 4.95 195.00</u></div>
<div><u>Essex Cty 0.85 4.88 192.22 0.75 4.95 194.68</u></div>
<div><u>Mdsx Low 0.85 4.88 192.22 0.75 4.95 194.68</u></div>
<div><u>Mdsx High 0.85 4.88 192.22 0.75 4.95 194.68</u></div>
<div><u>Mdsx Avg 0.85 -0.26 4.88 192.22 0.75 -0.38 4.95 194.68</u></div>
<div><u>Hensall 0.85 4.88 192.22 0.75 4.95 194.68</u></div>
<div><u>Bruce 0.80 4.83 190.25 0.75 4.95 194.68</u></div>
<div><u>Putnam 0.80 4.83 190.25 0.75 4.95 194.68</u></div>
<div><u>Burford 0.85 4.88 192.22 0.80 5.00 196.64</u></div>
<div><u>Port Perry 0.85 4.88 192.22 0.75 4.95 194.68</u></div>
<div><u>Norfolk 0.85 4.88 192.22 0.80 5.00 196.64</u></div>
<div><u>Palmerston 0.75 4.78 188.28 0.75 4.95 194.68</u></div>
<div><u>Varna 0.85 4.88 192.22 0.75 4.95 194.68</u></div>
<div><u>Trenton 0.85 4.88 192.22 0.85 5.05 198.61</u></div>
<div><u>Winchester 1.00 5.03 198.12 1.05 5.25 206.49</u></div>
<div><u>North Gower 0.96 4.99 196.55 1.02 5.22 205.31</u></div>
<div><u>Huron FOB 1.05 5.08 200.09 0.80 5.00 196.64</u></div>
<div><u>Kent FOB 1.05 5.08 200.09 0.80 5.00 196.64</u></div>
<div><u>Lamb FOB 1.10 5.13 202.06 0.80 5.00 196.64</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.93 194.18 0.80 5.00 196.64</u></div>
<div><u>FOB SW Que 1.27 5.30 208.75N/A</u></div>
<div><u>Track 1.30 5.33 209.93N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.23 0.99 5.19 204.12</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 5.23 205.99 1.00 5.20 204.52</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 5.15 202.55</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 5.27 207.27</u></div>
<div><u>W O Feed 1.44 5.47 215.52</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.58 5.61 220.95</u></div>
<div><u>Toledo El. -0.09 3.94 155.18 -0.26 3.94 154.96</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.97</u></div>
<div><u>HI SD CRN 0.80 4.99 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 1.2947 up 0.0098</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.23 1/2 NOV18 HI 10.28 1/4</u></div>
<div><u> LOW 10.11 1/4 LOW 10.18</u></div>
<div><u> CLOSE10.20 1/4 Up 8 3/4 CLOSE 10.25 1/4 Up 7 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 12.55 461.232.50 12.75 468.57</u></div>
<div><u>CK High 2.54 12.74 468.212.57 12.82 471.15</u></div>
<div><u>CK Average 2.48 -0.4112.68 466.062.53 -0.3812.78 469.62</u></div>
<div><u>Essex Cty 2.45 12.65 464.902.50 12.75 468.57</u></div>
<div><u>Mdsx Low 2.50 12.70 466.742.55 12.80 470.41</u></div>
<div><u>Mdsx High 2.54 12.74 468.212.57 12.82 471.15</u></div>
<div><u>Mdsx Average 2.52 -0.3812.72 467.472.56 -0.3612.81 470.78</u></div>
<div><u>Hensall 2.50 12.70 466.742.55 12.80 470.41</u></div>
<div><u>Bruce 2.50 12.70 466.742.50 12.75 468.57</u></div>
<div><u>Putnam 2.50 12.70 466.742.55 12.80 470.41</u></div>
<div><u>Burford 2.61 12.81 470.782.64 12.89 473.72</u></div>
<div><u>Port Perry 2.51 12.71 467.102.54 12.79 470.04</u></div>
<div><u>Norfolk 2.50 12.70 466.742.60 12.85 472.25</u></div>
<div><u>Palmerston 2.35 12.55 461.232.55 12.80 470.41</u></div>
<div><u>Varna 2.50 12.70 466.742.55 12.80 470.41</u></div>
<div><u>Trenton 2.35 12.55 461.232.50 12.75 468.57</u></div>
<div><u>Winchester 2.35 12.55 461.232.52 12.77 469.31</u></div>
<div><u>North Gower 2.25 12.45 457.552.35 12.60 463.06</u></div>
<div><u>Huron FOB 2.60 12.80 470.412.65 12.90 474.09</u></div>
<div><u>Kent FOB 2.65 12.85 472.252.55 12.80 470.41</u></div>
<div><u>Lambton FOB 2.65 12.85 472.252.70 12.95 475.92</u></div>
<div><u>Middlesex FOB2.64 2.69 2.75 N/A 12.84 471.882.67 12.92 474.82</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.82 13.02 478.492.90 13.15 483.27</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.85 13.10 481.43</u></div>
<div><u>Prescott 2.40 12.60 463.062.96 13.21 485.48</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.94 365.36-0.32 9.93 364.82</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2947 up 0.0098</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>JUL18 HI 5.20 1/4 JUL18 HI 5.20 1/4</u></div>
<div><u> LOW 5.06 3/4 LOW 5.06 3/4</u></div>
<div><u> CLOSE 5.14 1/2 Up 3 CLOSE 5.14 1/2 Up 3</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL18 HI 6.17 1/2 SEP18 HI 6.24 1/2</u></div>
<div><u> LOW 6.07 1/2 LOW 6.16</u></div>
<div><u> CLOSE 6.14 Up 3 CLOSE 6.21 Up 2 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 1.41 1.35 1.15 0.39</u></div>
<div><u>CAD $/bu 6.56 6.49 6.30 6.53</u></div>
<div><u>CAD $/tonne 240.96 238.58 231.45 239.77</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 1.32 1.38 0.93 N/A 1.37 1.18 1.02 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 0.84 N/A N/A N/A 1.00 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 1.20 1.10 0.90 N/A 1.25 1.25 1.05 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 1.62 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 1.65 N/A N/A N/A 1.65 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.25US 6.79CA 5.25US 6.79CA</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 1.39 1.32 1.26 0.41</u></div>
<div><u>CAD $/bu 6.53 6.47 6.40 6.62</u></div>
<div><u>CAD $/tonne 240.01 237.63 235.25 243.10</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 578.61</u></div>
<div><u>DDG's FOB Srn & Aylm 255.00 - 265.00</u></div>
<div><u><br>
</u></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="LPlnk39290" 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="LPlnk319231" 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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<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>
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