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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 9</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2834 down 0.0113</u></div>
<div><u>Chicago corn closed slightly lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.04 3/4 DEC18 HI 4.21</u></div>
<div><u> LOW 4.02 LOW 4.18 1/4</u></div>
<div><u> CLOSE4.02 3/4 Down 1/2 CLOSE 4.19 1/2 Unchanged</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 4.78 188.08 0.75 4.95 194.68</u></div>
<div><u>CK High 0.85 4.88 192.02 0.80 5.00 196.64</u></div>
<div><u>CK Avg 0.83 -0.25 4.85 191.03 0.76 -0.34 4.95 195.00</u></div>
<div><u>Essex Cty 0.85 4.88 192.02 0.75 4.95 194.68</u></div>
<div><u>Mdsx Low 0.85 4.88 192.02 0.75 4.95 194.68</u></div>
<div><u>Mdsx High 0.85 4.88 192.02 0.75 4.95 194.68</u></div>
<div><u>Mdsx Avg 0.85 -0.23 4.88 192.02 0.75 -0.34 4.95 194.68</u></div>
<div><u>Hensall 0.85 4.88 192.02 0.75 4.95 194.68</u></div>
<div><u>Bruce 0.80 4.83 190.05 0.75 4.95 194.68</u></div>
<div><u>Putnam 0.80 4.83 190.05 0.75 4.95 194.68</u></div>
<div><u>Burford 0.85 4.88 192.02 0.80 5.00 196.64</u></div>
<div><u>Port Perry 0.85 4.88 192.02 0.75 4.95 194.68</u></div>
<div><u>Norfolk 0.85 4.88 192.02 0.80 5.00 196.64</u></div>
<div><u>Palmerston 0.75 4.78 188.08 0.75 4.95 194.68</u></div>
<div><u>Varna 0.85 4.88 192.02 0.75 4.95 194.68</u></div>
<div><u>Trenton 0.85 4.88 192.02 0.85 5.05 198.61</u></div>
<div><u>Winchester 1.00 5.03 197.92 1.05 5.25 206.49</u></div>
<div><u>North Gower 0.96 4.99 196.35 1.02 5.22 205.31</u></div>
<div><u>Huron FOB 1.03 5.06 199.10 0.80 5.00 196.64</u></div>
<div><u>Kent FOB 1.05 5.08 199.89 0.80 5.00 196.64</u></div>
<div><u>Lamb FOB 1.10 5.13 201.86 0.80 5.00 196.64</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.93 193.99 0.80 5.00 196.64</u></div>
<div><u>FOB SW Que 1.12 5.15 202.65N/A</u></div>
<div><u>Track 1.30 5.33 209.73N/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 5.23 205.80 1.00 5.20 204.52</u></div>
<div><u>Sarn-Eth N/A 1.15 1.20 1.25 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 5.47 215.32</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.58 5.61 220.76</u></div>
<div><u>Toledo El. -0.09 3.94 155.02 -0.26 3.94 155.04</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 1.2834 down 0.0113</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.24 1/4 NOV18 HI 10.29</u></div>
<div><u> LOW 10.11 1/4 LOW 10.18 1/2</u></div>
<div><u> CLOSE10.15 3/4 Down 4 1/2 CLOSE 10.24 1/4 Down 1</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 12.51 459.572.45 12.69 466.37</u></div>
<div><u>CK High 2.50 12.66 465.082.55 12.79 470.04</u></div>
<div><u>CK Average 2.43 -0.3512.59 462.632.48 -0.3312.72 467.47</u></div>
<div><u>Essex Cty 2.35 12.51 459.572.40 12.64 464.53</u></div>
<div><u>Mdsx Low 2.45 12.61 463.252.48 12.72 467.47</u></div>
<div><u>Mdsx High 2.45 12.61 463.252.50 12.74 468.21</u></div>
<div><u>Mdsx Average 2.45 -0.3312.61 463.252.49 -0.3212.73 467.84</u></div>
<div><u>Hensall 2.43 12.58 462.332.50 12.74 468.21</u></div>
<div><u>Bruce 2.50 12.66 465.082.50 12.74 468.21</u></div>
<div><u>Putnam 2.50 12.66 465.082.55 12.79 470.04</u></div>
<div><u>Burford 2.52 12.68 465.822.55 12.79 470.04</u></div>
<div><u>Port Perry 2.42 12.58 462.142.45 12.69 466.37</u></div>
<div><u>Norfolk 2.40 12.56 461.412.50 12.74 468.21</u></div>
<div><u>Palmerston 2.35 12.51 459.572.55 12.79 470.04</u></div>
<div><u>Varna 2.50 12.66 465.082.55 12.79 470.04</u></div>
<div><u>Trenton 2.35 12.51 459.572.45 12.69 466.37</u></div>
<div><u>Winchester 2.35 12.51 459.572.52 12.76 468.94</u></div>
<div><u>North Gower 2.28 12.44 457.002.40 12.64 464.53</u></div>
<div><u>Huron FOB 2.50 12.66 465.082.60 12.84 471.88</u></div>
<div><u>Kent FOB 2.55 12.71 466.922.45 12.69 466.37</u></div>
<div><u>Lambton FOB 2.60 12.76 468.762.65 12.89 473.72</u></div>
<div><u>Middlesex FOB2.56 2.61 2.67 N/A 12.72 467.292.59 12.83 471.51</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.69 12.85 472.062.78 13.02 478.49</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 13.04 479.23</u></div>
<div><u>Prescott 2.40 12.56 461.412.96 13.20 485.11</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.90 363.79-0.32 9.92 364.56</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2834 down 0.0113</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL18 HI 5.15 3/4 JUL18 HI 5.15 3/4</u></div>
<div><u> LOW 5.06 1/4 LOW 5.06 1/4</u></div>
<div><u> CLOSE 5.10 1/2 Down 4 CLOSE 5.10 1/2 Down 4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL18 HI 6.15 1/4 SEP18 HI 6.22 1/4</u></div>
<div><u> LOW 6.07 1/2 LOW 6.13 3/4</u></div>
<div><u> CLOSE 6.11 1/4 Down 2 3/4 CLOSE 6.17 3/4 Down 3 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 1.34 1.28 1.09 0.32</u></div>
<div><u>CAD $/bu 6.45 6.39 6.19 6.43</u></div>
<div><u>CAD $/tonne 236.97 234.61 227.54 236.38</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 1.14 1.33 0.84 N/A 1.20 1.13 0.98 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 1.56 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.25 1.05 0.19 N/A 1.44 1.38 0.36</u></div>
<div><u>W O Feed 1.56</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 1.58 N/A N/A N/A 1.58 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.21US 6.68CA 5.21US 6.68CA</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 1.32 1.25 1.19 0.34</u></div>
<div><u>CAD $/bu 6.42 6.36 6.30 6.52</u></div>
<div><u>CAD $/tonne 236.03 233.67 231.31 239.45</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 578.50</u></div>
<div><u>DDG's FOB Srn & Aylm 255.00 - 265.00</u></div>
<div><br>
</div>
<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="LPlnk421740" 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="LPlnk845824" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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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;
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<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%;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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