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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 14</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2784 up 0.0001</u></div>
<div><u>Chicago corn closed slightly lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 3.97 1/2 DEC18 HI 4.15 1/2</u></div>
<div><u> LOW 3.94 1/4 LOW 4.12 1/4</u></div>
<div><u> CLOSE3.96 1/2 Unchanged CLOSE 4.14 1/4 Down 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 4.72 185.62 0.75 4.89 192.61</u></div>
<div><u>CK High 0.85 4.82 189.56 0.80 4.94 194.58</u></div>
<div><u>CK Avg 0.83 -0.22 4.79 188.57 0.76 -0.31 4.90 192.94</u></div>
<div><u>Essex Cty 0.85 4.82 189.56 0.75 4.89 192.61</u></div>
<div><u>Mdsx Low 0.85 4.82 189.56 0.75 4.89 192.61</u></div>
<div><u>Mdsx High 0.85 4.82 189.56 0.75 4.89 192.61</u></div>
<div><u>Mdsx Avg 0.85 -0.20 4.82 189.56 0.75 -0.32 4.89 192.61</u></div>
<div><u>Hensall 0.85 4.82 189.56 0.75 4.89 192.61</u></div>
<div><u>Bruce 0.85 4.82 189.56 0.75 4.89 192.61</u></div>
<div><u>Putnam 0.85 4.82 189.56 0.75 4.89 192.61</u></div>
<div><u>Burford 0.85 4.82 189.56 0.80 4.94 194.58</u></div>
<div><u>Port Perry 0.85 4.82 189.56 0.75 4.89 192.61</u></div>
<div><u>Norfolk 0.85 4.82 189.56 0.80 4.94 194.58</u></div>
<div><u>Palmerston 0.75 4.72 185.62 0.75 4.89 192.61</u></div>
<div><u>Varna 0.85 4.82 189.56 0.75 4.89 192.61</u></div>
<div><u>Trenton 0.85 4.82 189.56 0.90 5.04 198.51</u></div>
<div><u>Winchester 1.00 4.97 195.46 1.11 5.25 206.78</u></div>
<div><u>North Gower 0.94 4.91 193.10 1.00 5.14 202.45</u></div>
<div><u>Huron FOB 1.03 5.00 196.64 0.80 4.94 194.58</u></div>
<div><u>Kent FOB 1.05 5.02 197.43 0.80 4.94 194.58</u></div>
<div><u>Lamb FOB 1.00 4.97 195.46 0.80 4.94 194.58</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.87 191.53 0.80 4.94 194.58</u></div>
<div><u>FOB SW Que 1.33 5.30 208.45N/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 5.12 201.66</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 5.14 202.45</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 5.09 200.48</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 5.21 205.21</u></div>
<div><u>W O Feed 1.44 5.41 212.86</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 3.89 153.02</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.91 3/4</u></div>
<div><u>HI SD CRN 0.80 4.94 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2784 up 0.0001</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.26 NOV18 HI 10.30</u></div>
<div><u> LOW 10.01 3/4 LOW 10.12 3/4</u></div>
<div><u> CLOSE10.17 3/4 Up 14 1/2 CLOSE 10.23 1/4 Up 9</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 12.48 458.472.35 12.58 462.33</u></div>
<div><u>CK High 2.31 12.49 458.842.40 12.63 464.16</u></div>
<div><u>CK Average 2.30 -0.4212.48 458.532.36 -0.3812.59 462.70</u></div>
<div><u>Essex Cty 2.25 12.43 456.632.30 12.53 460.49</u></div>
<div><u>Mdsx Low 2.30 12.48 458.472.36 12.59 462.70</u></div>
<div><u>Mdsx High 2.31 12.49 458.842.40 12.63 464.16</u></div>
<div><u>Mdsx Average 2.31 -0.4112.48 458.652.38 -0.3712.61 463.43</u></div>
<div><u>Hensall 2.30 12.48 458.472.38 12.61 463.25</u></div>
<div><u>Bruce 2.30 12.48 458.472.35 12.58 462.33</u></div>
<div><u>Putnam 2.30 12.48 458.472.35 12.58 462.33</u></div>
<div><u>Burford 2.38 12.56 461.412.43 12.66 465.27</u></div>
<div><u>Port Perry 2.28 12.46 457.732.33 12.56 461.59</u></div>
<div><u>Norfolk 2.30 12.48 458.472.40 12.63 464.16</u></div>
<div><u>Palmerston 2.30 12.48 458.472.40 12.63 464.16</u></div>
<div><u>Varna 2.30 12.48 458.472.35 12.58 462.33</u></div>
<div><u>Trenton 2.30 12.48 458.472.35 12.58 462.33</u></div>
<div><u>Winchester 2.20 12.38 454.802.39 12.62 463.80</u></div>
<div><u>North Gower 2.15 12.33 452.962.28 12.51 459.76</u></div>
<div><u>Huron FOB 2.40 12.58 462.142.45 12.68 466.00</u></div>
<div><u>Kent FOB 2.45 12.63 463.982.35 12.58 462.33</u></div>
<div><u>Lambton FOB 2.45 12.63 463.982.50 12.73 467.84</u></div>
<div><u>Middlesex FOB2.48 2.54 2.54 N/A 12.66 465.082.47 12.70 466.74</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.65 12.83 471.332.73 12.96 476.29</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.75 12.98 477.03</u></div>
<div><u>Prescott 2.24 12.42 456.272.76 12.99 477.39</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.92 364.56-0.32 9.91 364.24</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2784 up 0.0001</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>JUL18 HI 4.99 JUL18 HI 4.99</u></div>
<div><u> LOW 4.90 1/4 LOW 4.90 1/4</u></div>
<div><u> CLOSE 4.91 1/4 Down 7 1/2 CLOSE 4.91 1/4 Down 7 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL18 HI 6.06 1/4 SEP18 HI 6.11 3/4</u></div>
<div><u> LOW 6.00 1/4 LOW 6.07 1/4</u></div>
<div><u> CLOSE 6.01 1/2 Down 3 1/2 CLOSE 6.08 3/4 Down 3</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 1.27 1.20 1.01 0.27</u></div>
<div><u>CAD $/bu 6.18 6.11 5.92 6.28</u></div>
<div><u>CAD $/tonne 226.99 224.64 217.60 230.87</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 0.93 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 1.05 0.80 N/A 1.10 1.15 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 1.35 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.12 0.98 0.08 N/A 1.32 1.25 0.25</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 1.50 N/A N/A N/A 1.50 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.01US 6.41CA 5.01US 6.41CA</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 1.24 1.18 1.11 0.29</u></div>
<div><u>CAD $/bu 6.15 6.09 6.02 6.38</u></div>
<div><u>CAD $/tonne 226.05 223.70 221.35 234.27</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 580.49</u></div>
<div><u>DDG's FOB Srn & Aylm 260.00 - 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="LPlnk878937" 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="LPlnk617656" 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%;
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<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>
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