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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 17</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2798 up 0.0023</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.02 DEC18 HI 4.19 1/2</u></div>
<div><u> LOW 3.95 LOW 4.13</u></div>
<div><u> CLOSE3.95 1/4 Down 4 CLOSE 4.13 Down 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 4.70 185.13 0.75 4.88 192.12</u></div>
<div><u>CK High 0.85 4.80 189.07 0.80 4.93 194.09</u></div>
<div><u>CK Avg 0.83 -0.22 4.78 188.08 0.76 -0.31 4.89 192.45</u></div>
<div><u>Essex Cty 0.85 4.80 189.07 0.75 4.88 192.12</u></div>
<div><u>Mdsx Low 0.85 4.80 189.07 0.75 4.88 192.12</u></div>
<div><u>Mdsx High 0.85 4.80 189.07 0.75 4.88 192.12</u></div>
<div><u>Mdsx Avg 0.85 -0.20 4.80 189.07 0.75 -0.32 4.88 192.12</u></div>
<div><u>Hensall 0.85 4.80 189.07 0.75 4.88 192.12</u></div>
<div><u>Bruce 0.85 4.80 189.07 0.75 4.88 192.12</u></div>
<div><u>Putnam 0.85 4.80 189.07 0.75 4.88 192.12</u></div>
<div><u>Burford 0.85 4.80 189.07 0.80 4.93 194.09</u></div>
<div><u>Port Perry 0.85 4.80 189.07 0.75 4.88 192.12</u></div>
<div><u>Norfolk 0.85 4.80 189.07 0.75 4.88 192.12</u></div>
<div><u>Palmerston 0.75 4.70 185.13 0.75 4.88 192.12</u></div>
<div><u>Varna 0.85 4.80 189.07 0.75 4.88 192.12</u></div>
<div><u>Trenton 0.85 4.80 189.07 0.90 5.03 198.02</u></div>
<div><u>Winchester 1.00 4.95 194.97 1.05 5.18 203.93</u></div>
<div><u>North Gower 0.94 4.89 192.61 1.00 5.13 201.96</u></div>
<div><u>Huron FOB 1.02 4.97 195.76 0.85 4.98 196.05</u></div>
<div><u>Kent FOB 1.05 5.00 196.94 0.80 4.93 194.09</u></div>
<div><u>Lamb FOB 1.00 4.95 194.97 0.80 4.93 194.09</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.85 191.03 0.80 4.93 194.09</u></div>
<div><u>FOB SW Que 1.32 5.27 207.57N/A</u></div>
<div><u>Track 1.33 5.28 207.77N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.26 0.98 5.11 201.17</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 5.15 202.84 1.00 5.13 201.96</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 5.08 199.99</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 5.23 205.90</u></div>
<div><u>W O Feed 1.42 5.37 211.35</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.49 5.44 214.26</u></div>
<div><u>Toledo El. -0.06 3.89 153.08 -0.26 3.87 152.51</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.90 1/2</u></div>
<div><u>HI SD CRN 0.80 4.93</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2798 up 0.0023</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.07 1/2 NOV18 HI 10.17</u></div>
<div><u> LOW 9.92 1/2 LOW 10.02</u></div>
<div><u> CLOSE9.95 Down 4 3/4 CLOSE 10.04 1/4 Down 4 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 2.25 12.20 448.272.30 12.34 453.51</u></div>
<div><u>CK High 2.40 12.35 453.782.45 12.49 459.02</u></div>
<div><u>CK Average 2.33 -0.3612.28 451.032.35 -0.3612.39 455.16</u></div>
<div><u>Essex Cty 2.20 12.15 446.442.25 12.29 451.67</u></div>
<div><u>Mdsx Low 2.30 12.25 450.112.32 12.36 454.24</u></div>
<div><u>Mdsx High 2.35 12.30 451.952.35 12.39 455.35</u></div>
<div><u>Mdsx Average 2.33 -0.3612.28 451.032.34 -0.3712.38 454.80</u></div>
<div><u>Hensall 2.30 12.25 450.112.33 12.37 454.43</u></div>
<div><u>Bruce 2.30 12.25 450.112.30 12.34 453.51</u></div>
<div><u>Putnam 2.40 12.35 453.782.45 12.49 459.02</u></div>
<div><u>Burford 2.42 12.37 454.522.39 12.43 456.82</u></div>
<div><u>Port Perry 2.32 12.27 450.852.39 12.43 456.82</u></div>
<div><u>Norfolk 2.25 12.20 448.272.35 12.39 455.35</u></div>
<div><u>Palmerston 2.40 12.35 453.782.50 12.54 460.86</u></div>
<div><u>Varna 2.30 12.25 450.112.30 12.34 453.51</u></div>
<div><u>Trenton 2.40 12.35 453.782.45 12.49 459.02</u></div>
<div><u>Winchester 2.10 12.05 442.762.22 12.26 450.57</u></div>
<div><u>North Gower 2.25 12.20 448.272.40 12.44 457.18</u></div>
<div><u>Huron FOB 2.40 12.35 453.782.40 12.44 457.18</u></div>
<div><u>Kent FOB 2.40 12.35 453.782.30 12.34 453.51</u></div>
<div><u>Lambton FOB 2.45 12.40 455.622.42 12.46 457.92</u></div>
<div><u>Middlesex FOB2.52 2.57 2.57 N/A 12.47 458.192.43 12.47 458.29</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.59 12.54 460.772.68 12.72 467.47</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.70 12.74 468.21</u></div>
<div><u>Prescott 2.23 12.18 447.542.75 12.79 470.04</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.69 356.19-0.32 9.72 357.24</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2798 up 0.0023</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>JUL18 HI 5.05 JUL18 HI 5.05</u></div>
<div><u> LOW 4.95 LOW 4.95</u></div>
<div><u> CLOSE 4.97 1/2 Up 3 1/4 CLOSE 4.97 1/2 Up 3 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL18 HI 6.21 SEP18 HI 6.26</u></div>
<div><u> LOW 6.10 1/2 LOW 6.18</u></div>
<div><u> CLOSE 6.14 3/4 Up 3 1/2 CLOSE 6.20 1/2 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 1.29 1.23 1.03 0.31</u></div>
<div><u>CAD $/bu 6.26 6.20 6.01 6.46</u></div>
<div><u>CAD $/tonne 230.19 227.84 220.79 237.36</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 1.07 1.27 0.82 N/A 1.13 1.07 0.94 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 1.31 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.11 0.96 0.09 N/A 1.29 1.23 0.26</u></div>
<div><u>W O Feed 1.50</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. 5.08US 6.50CA 5.08US 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 1.14 0.33</u></div>
<div><u>CAD $/bu 6.24 6.18 6.11 6.53</u></div>
<div><u>CAD $/tonne 229.25 226.90 224.55 240.07</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 568.91</u></div>
<div><u>DDG's FOB Srn & Aylm 260.00 - 265.00</u></div>
<div><u><br>
</u></div>
<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" id="LPlnk414842" class="OWAAutoLink" previewremoved="true" style=""><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" id="LPlnk919451" class="OWAAutoLink" previewremoved="true" style=""><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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