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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 15</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2853 up 0.0069</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.02 1/2 DEC18 HI 4.19 1/2</u></div>
<div><u> LOW 3.96 LOW 4.13 3/4</u></div>
<div><u> CLOSE4.02 1/4 Up 5 3/4 CLOSE 4.19 1/4 Up 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 4.77 187.89 0.75 4.94 194.58</u></div>
<div><u>CK High 0.85 4.87 191.82 0.80 4.99 196.55</u></div>
<div><u>CK Avg 0.83 -0.25 4.85 190.84 0.76 -0.34 4.95 194.91</u></div>
<div><u>Essex Cty 0.85 4.87 191.82 0.75 4.94 194.58</u></div>
<div><u>Mdsx Low 0.85 4.87 191.82 0.75 4.94 194.58</u></div>
<div><u>Mdsx High 0.85 4.87 191.82 0.75 4.94 194.58</u></div>
<div><u>Mdsx Avg 0.85 -0.23 4.87 191.82 0.75 -0.35 4.94 194.58</u></div>
<div><u>Hensall 0.85 4.87 191.82 0.75 4.94 194.58</u></div>
<div><u>Bruce 0.85 4.87 191.82 0.75 4.94 194.58</u></div>
<div><u>Putnam 0.85 4.87 191.82 0.75 4.94 194.58</u></div>
<div><u>Burford 0.85 4.87 191.82 0.80 4.99 196.55</u></div>
<div><u>Port Perry 0.85 4.87 191.82 0.75 4.94 194.58</u></div>
<div><u>Norfolk 0.85 4.87 191.82 0.80 4.99 196.55</u></div>
<div><u>Palmerston 0.75 4.77 187.89 0.75 4.94 194.58</u></div>
<div><u>Varna 0.85 4.87 191.82 0.75 4.94 194.58</u></div>
<div><u>Trenton 0.85 4.87 191.82 0.90 5.09 200.48</u></div>
<div><u>Winchester 1.00 5.02 197.73 1.11 5.30 208.75</u></div>
<div><u>North Gower 0.94 4.96 195.36 1.00 5.19 204.42</u></div>
<div><u>Huron FOB 1.05 5.07 199.70 0.80 4.99 196.55</u></div>
<div><u>Kent FOB 1.05 5.07 199.70 0.80 4.99 196.55</u></div>
<div><u>Lamb FOB 1.00 5.02 197.73 0.80 4.99 196.55</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.92 193.79 0.80 4.99 196.55</u></div>
<div><u>FOB SW Que 1.34 5.36 211.11N/A</u></div>
<div><u>Track 1.33 5.35 210.52N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.26 0.98 5.17 203.63</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 5.22 205.60 1.00 5.19 204.42</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 1.25N/A 1.30 0.95 5.14 202.45</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 1.10 5.29 208.36</u></div>
<div><u>W O Feed 1.44 5.46 215.13</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.49 5.51 217.02</u></div>
<div><u>Toledo El. -0.09 3.93 154.82 -0.26 3.94 154.93</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.96 3/4</u></div>
<div><u>HI SD CRN 0.80 4.99 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 1.2853 up 0.0069</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.25 1/4 NOV18 HI 10.31</u></div>
<div><u> LOW 10.05 1/4 LOW 10.13 1/4</u></div>
<div><u> CLOSE10.18 3/4 Up 1 CLOSE 10.24 3/4 Up 1 1/2</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 12.49 458.842.35 12.60 462.88</u></div>
<div><u>CK High 2.47 12.66 465.082.52 12.77 469.13</u></div>
<div><u>CK Average 2.41 -0.3912.60 462.942.45 -0.3712.69 466.37</u></div>
<div><u>Essex Cty 2.35 12.54 460.672.40 12.65 464.72</u></div>
<div><u>Mdsx Low 2.45 12.64 464.352.50 12.75 468.39</u></div>
<div><u>Mdsx High 2.47 12.66 465.082.52 12.77 469.13</u></div>
<div><u>Mdsx Average 2.46 -0.3512.65 464.722.51 -0.3212.76 468.76</u></div>
<div><u>Hensall 2.45 12.64 464.352.50 12.75 468.39</u></div>
<div><u>Bruce 2.45 12.64 464.352.45 12.70 466.55</u></div>
<div><u>Putnam 2.30 12.49 458.842.40 12.65 464.72</u></div>
<div><u>Burford 2.54 12.73 467.662.59 12.84 471.70</u></div>
<div><u>Port Perry 2.44 12.63 463.982.49 12.74 468.02</u></div>
<div><u>Norfolk 2.40 12.59 462.512.50 12.75 468.39</u></div>
<div><u>Palmerston 2.30 12.49 458.842.40 12.65 464.72</u></div>
<div><u>Varna 2.45 12.64 464.352.50 12.75 468.39</u></div>
<div><u>Trenton 2.40 12.59 462.512.45 12.70 466.55</u></div>
<div><u>Winchester 2.30 12.49 458.842.50 12.75 468.39</u></div>
<div><u>North Gower 2.20 12.39 455.162.32 12.57 461.78</u></div>
<div><u>Huron FOB 2.55 12.74 468.022.60 12.85 472.06</u></div>
<div><u>Kent FOB 2.55 12.74 468.022.45 12.70 466.55</u></div>
<div><u>Lambton FOB 2.60 12.79 469.862.50 12.75 468.39</u></div>
<div><u>Middlesex FOB2.64 2.69 2.69 N/A 12.83 471.332.63 12.88 473.17</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.71 12.90 473.902.79 13.04 479.05</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 13.05 479.41</u></div>
<div><u>Prescott 2.24 12.43 456.632.76 13.01 477.94</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.93 364.88-0.32 9.93 364.72</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2853 up 0.0069</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>JUL18 HI 4.96 1/4 JUL18 HI 4.96 1/4</u></div>
<div><u> LOW 4.86 1/4 LOW 4.86 1/4</u></div>
<div><u> CLOSE 4.93 1/2 Up 2 1/4 CLOSE 4.93 1/2 Up 2 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL18 HI 6.08 SEP18 HI 6.14 3/4</u></div>
<div><u> LOW 5.99 1/2 LOW 6.07</u></div>
<div><u> CLOSE 6.06 1/4 Up 4 3/4 CLOSE 6.13 1/4 Up 4 1/2</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 1.31 1.24 1.05 0.32</u></div>
<div><u>CAD $/bu 6.24 6.18 5.98 6.38</u></div>
<div><u>CAD $/tonne 229.29 226.93 219.85 234.37</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 1.10 1.30 0.84 N/A 1.16 1.09 0.96 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 0.74 N/A N/A N/A 0.90 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 1.15 1.15 0.95 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 1.10 0.96 0.07 N/A 1.29 1.22 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 1.54 N/A N/A N/A 1.54 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.04US 6.47CA 5.04US 6.47CA</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 1.28 1.22 1.15 0.34</u></div>
<div><u>CAD $/bu 6.21 6.15 6.09 6.47</u></div>
<div><u>CAD $/tonne 228.35 225.99 223.63 237.68</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 574.64</u></div>
<div><u>DDG's FOB Srn & Aylm 260.00 - 265.00</u></div>
<div><u><br>
</u></div>
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</div>
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<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="LPlnk961175" 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="LPlnk802171" 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;
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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background:#FDFDFD"> to
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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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