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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 11</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2783 up 0.0026</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.01 3/4 DEC18 HI 4.19 1/4</u></div>
<div><u> LOW 3.95 3/4 LOW 4.13 1/2</u></div>
<div><u> CLOSE3.96 1/2 Down 5 1/2 CLOSE 4.14 1/2 Down 5</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 4.72 185.62 0.75 4.90 192.71</u></div>
<div><u>CK High 0.85 4.82 189.56 0.80 4.95 194.68</u></div>
<div><u>CK Avg 0.83 -0.22 4.79 188.57 0.76 -0.31 4.90 193.04</u></div>
<div><u>Essex Cty 0.85 4.82 189.56 0.75 4.90 192.71</u></div>
<div><u>Mdsx Low 0.85 4.82 189.56 0.75 4.90 192.71</u></div>
<div><u>Mdsx High 0.85 4.82 189.56 0.75 4.90 192.71</u></div>
<div><u>Mdsx Avg 0.85 -0.20 4.82 189.56 0.75 -0.32 4.90 192.71</u></div>
<div><u>Hensall 0.85 4.82 189.56 0.75 4.90 192.71</u></div>
<div><u>Bruce 0.85 4.82 189.56 0.75 4.90 192.71</u></div>
<div><u>Putnam 0.85 4.82 189.56 0.75 4.90 192.71</u></div>
<div><u>Burford 0.85 4.82 189.56 0.80 4.95 194.68</u></div>
<div><u>Port Perry 0.85 4.82 189.56 0.75 4.90 192.71</u></div>
<div><u>Norfolk 0.85 4.82 189.56 0.80 4.95 194.68</u></div>
<div><u>Palmerston 0.75 4.72 185.62 0.75 4.90 192.71</u></div>
<div><u>Varna 0.85 4.82 189.56 0.75 4.90 192.71</u></div>
<div><u>Trenton 0.85 4.82 189.56 0.85 5.00 196.64</u></div>
<div><u>Winchester 0.95 4.92 193.49 1.00 5.15 202.55</u></div>
<div><u>North Gower 0.94 4.91 193.10 1.00 5.15 202.55</u></div>
<div><u>Huron FOB 1.03 5.00 196.64 0.80 4.95 194.68</u></div>
<div><u>Kent FOB 1.05 5.02 197.43 0.80 4.95 194.68</u></div>
<div><u>Lamb FOB 1.00 4.97 195.46 0.80 4.95 194.68</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.87 191.53 0.80 4.95 194.68</u></div>
<div><u>FOB SW Que 1.34 5.31 208.85N/A</u></div>
<div><u>Track 1.30 5.27 207.27N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.26 0.98 5.13 201.76</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 5.17 203.34 1.00 5.15 202.55</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 5.10 200.58</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 5.22 205.31</u></div>
<div><u>W O Feed 1.42 5.39 212.16</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.49 5.46 214.75</u></div>
<div><u>Toledo El. -0.09 3.88 152.57 -0.26 3.89 153.12</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.92</u></div>
<div><u>HI SD CRN 0.80 4.94 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 1.2783 up 0.0026</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.22 1/2 NOV18 HI 10.31 3/4</u></div>
<div><u> LOW 10.02 LOW 10.12 3/4</u></div>
<div><u> CLOSE10.03 1/4 Down 18 CLOSE 10.14 1/4 Down 16 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 2.30 12.33 453.142.30 12.44 457.18</u></div>
<div><u>CK High 2.30 12.33 453.142.40 12.54 460.86</u></div>
<div><u>CK Average 2.30 -0.3812.33 453.142.34 -0.3712.49 458.78</u></div>
<div><u>Essex Cty 2.25 12.28 451.302.30 12.44 457.18</u></div>
<div><u>Mdsx Low 2.30 12.33 453.142.35 12.49 459.02</u></div>
<div><u>Mdsx High 2.30 12.33 453.142.36 12.50 459.39</u></div>
<div><u>Mdsx Average 2.30 -0.3812.33 453.142.36 -0.3712.50 459.20</u></div>
<div><u>Hensall 2.30 12.33 453.142.35 12.49 459.02</u></div>
<div><u>Bruce 2.30 12.33 453.142.30 12.44 457.18</u></div>
<div><u>Putnam 2.30 12.33 453.142.35 12.49 459.02</u></div>
<div><u>Burford 2.37 12.40 455.712.43 12.57 461.96</u></div>
<div><u>Port Perry 2.27 12.30 452.042.33 12.47 458.29</u></div>
<div><u>Norfolk 2.30 12.33 453.142.40 12.54 460.86</u></div>
<div><u>Palmerston 2.30 12.33 453.142.40 12.54 460.86</u></div>
<div><u>Varna 2.30 12.33 453.142.35 12.49 459.02</u></div>
<div><u>Trenton 2.25 12.28 451.302.35 12.49 459.02</u></div>
<div><u>Winchester 2.20 12.23 449.472.35 12.49 459.02</u></div>
<div><u>North Gower 2.15 12.18 447.632.28 12.42 456.45</u></div>
<div><u>Huron FOB 2.40 12.43 456.822.45 12.59 462.70</u></div>
<div><u>Kent FOB 2.45 12.48 458.652.35 12.49 459.02</u></div>
<div><u>Lambton FOB 2.50 12.53 460.492.55 12.69 466.37</u></div>
<div><u>Middlesex FOB2.47 2.54 2.54 N/A 12.50 459.392.47 12.61 463.43</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.60 12.63 464.162.70 12.84 471.88</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.65 12.79 470.04</u></div>
<div><u>Prescott 2.24 12.27 450.942.76 12.90 474.09</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.78 359.24-0.32 9.82 360.93</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2783 up 0.0026</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>JUL18 HI 5.05 1/4 JUL18 HI 5.05 1/4</u></div>
<div><u> LOW 4.97 LOW 4.97</u></div>
<div><u> CLOSE 4.98 3/4 Down 7 3/4 CLOSE 4.98 3/4 Down 7 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL18 HI 6.08 1/4 SEP18 HI 6.15</u></div>
<div><u> LOW 6.03 LOW 6.09 1/4</u></div>
<div><u> CLOSE 6.05 Down 4 CLOSE 6.11 3/4 Down 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 1.29 1.22 1.03 0.28</u></div>
<div><u>CAD $/bu 6.27 6.21 6.02 6.33</u></div>
<div><u>CAD $/tonne 230.50 228.15 221.11 232.50</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 1.05 1.24 0.76 N/A 1.12 1.05 0.90 N/A</u></div>
<div><u>Hensall 1.05 N/A 0.80 N/A 1.10 N/A 0.95 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.95 N/A</u></div>
<div><u>Bruce 1.05 1.00 0.80 N/A 1.10 1.00 0.95 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 1.05 N/A 0.80 N/A 1.10 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 1.05 N/A 0.80 N/A 1.10 N/A 0.95 N/A</u></div>
<div><u>Chatham N/A N/A 0.80 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 0.80 N/A N/A N/A 0.95 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 1.05 0.85 N/A 1.20 1.20 1.00 N/A</u></div>
<div><u>Mitchell 1.05 1.05 0.80 N/A 1.10 1.15 0.95 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.40 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.13 0.99 0.08 N/A 1.32 1.26 0.24</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 1.52 N/A N/A N/A 1.52 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.09US 6.50CA 5.09US 6.50CA</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 1.26 1.20 1.13 0.30</u></div>
<div><u>CAD $/bu 6.25 6.18 6.12 6.41</u></div>
<div><u>CAD $/tonne 229.56 227.21 224.86 235.67</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 570.57</u></div>
<div><u>DDG's FOB Srn & Aylm 260.00 - 265.00</u></div>
<div><br>
</div>
<span id="ms-rterangepaste-start"></span>
<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="LPlnk830691" 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="LPlnk446386" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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<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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