<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 18</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2874 up 0.0076</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.03 1/2 DEC18 HI 4.21</u></div>
<div><u> LOW 3.95 LOW 4.12 3/4</u></div>
<div><u> CLOSE4.02 1/2 Up 7 1/4 CLOSE 4.20 1/4 Up 7 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 4.78 187.98 0.75 4.95 194.97</u></div>
<div><u>CK High 0.85 4.88 191.92 0.80 5.00 196.94</u></div>
<div><u>CK Avg 0.83 -0.26 4.85 190.94 0.76 -0.35 4.96 195.30</u></div>
<div><u>Essex Cty 0.85 4.88 191.92 0.75 4.95 194.97</u></div>
<div><u>Mdsx Low 0.85 4.88 191.92 0.75 4.95 194.97</u></div>
<div><u>Mdsx High 0.85 4.88 191.92 0.75 4.95 194.97</u></div>
<div><u>Mdsx Avg 0.85 -0.24 4.88 191.92 0.75 -0.36 4.95 194.97</u></div>
<div><u>Hensall 0.85 4.88 191.92 0.75 4.95 194.97</u></div>
<div><u>Bruce 0.85 4.88 191.92 0.75 4.95 194.97</u></div>
<div><u>Putnam 0.85 4.88 191.92 0.75 4.95 194.97</u></div>
<div><u>Burford 0.85 4.88 191.92 0.80 5.00 196.94</u></div>
<div><u>Port Perry 0.85 4.88 191.92 0.80 5.00 196.94</u></div>
<div><u>Norfolk 0.85 4.88 191.92 0.75 4.95 194.97</u></div>
<div><u>Palmerston 0.75 4.78 187.98 0.75 4.95 194.97</u></div>
<div><u>Varna 0.85 4.88 191.92 0.75 4.95 194.97</u></div>
<div><u>Trenton 0.85 4.88 191.92 0.90 5.10 200.88</u></div>
<div><u>Winchester 1.05 5.08 199.79 1.10 5.30 208.75</u></div>
<div><u>North Gower 0.94 4.97 195.46 1.00 5.20 204.81</u></div>
<div><u>Huron FOB 1.04 5.07 199.40 0.85 5.05 198.91</u></div>
<div><u>Kent FOB 1.05 5.08 199.79 0.80 5.00 196.94</u></div>
<div><u>Lamb FOB 1.00 5.03 197.83 0.80 5.00 196.94</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.93 193.89 0.80 5.00 196.94</u></div>
<div><u>FOB SW Que 1.34 5.37 211.21N/A</u></div>
<div><u>Track 1.30 5.33 209.64N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.26 0.98 5.18 204.03</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 1.20 1.20 1.25 1.00 5.20 204.81</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 1.00 5.20 204.81</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 5.30 208.75</u></div>
<div><u>W O Feed 1.43 5.45 214.60</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.55 5.58 219.48</u></div>
<div><u>Toledo El. -0.06 3.96 155.92 -0.26 3.95 155.31</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.97 3/4</u></div>
<div><u>HI SD CRN 0.80 5.00 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 1.2874 up 0.0076</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.07 3/4 NOV18 HI 10.15 3/4</u></div>
<div><u> LOW 9.92 3/4 LOW 10.02 3/4</u></div>
<div><u> CLOSE9.98 1/2 Up 3 1/2 CLOSE 10.08 1/4 Up 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 2.35 12.34 453.232.38 12.46 457.92</u></div>
<div><u>CK High 2.40 12.39 455.072.40 12.48 458.65</u></div>
<div><u>CK Average 2.38 -0.3812.37 454.402.40 -0.3912.48 458.53</u></div>
<div><u>Essex Cty 2.30 12.29 451.402.35 12.43 456.82</u></div>
<div><u>Mdsx Low 2.39 12.38 454.702.38 12.46 457.92</u></div>
<div><u>Mdsx High 2.40 12.39 455.072.45 12.53 460.49</u></div>
<div><u>Mdsx Average 2.40 -0.3712.38 454.892.42 -0.3812.50 459.20</u></div>
<div><u>Hensall 2.40 12.39 455.072.45 12.53 460.49</u></div>
<div><u>Bruce 2.40 12.39 455.072.40 12.48 458.65</u></div>
<div><u>Putnam 2.40 12.39 455.072.45 12.53 460.49</u></div>
<div><u>Burford 2.46 12.45 457.282.45 12.53 460.49</u></div>
<div><u>Port Perry 2.36 12.35 453.602.35 12.43 456.82</u></div>
<div><u>Norfolk 2.35 12.34 453.232.45 12.53 460.49</u></div>
<div><u>Palmerston 2.40 12.39 455.072.50 12.58 462.33</u></div>
<div><u>Varna 2.40 12.39 455.072.45 12.53 460.49</u></div>
<div><u>Trenton 2.30 12.29 451.402.35 12.43 456.82</u></div>
<div><u>Winchester 2.17 12.16 446.622.30 12.38 454.98</u></div>
<div><u>North Gower 2.18 12.17 446.992.25 12.33 453.14</u></div>
<div><u>Huron FOB 2.50 12.49 458.752.55 12.63 464.16</u></div>
<div><u>Kent FOB 2.50 12.49 458.752.40 12.48 458.65</u></div>
<div><u>Lambton FOB 2.55 12.54 460.582.55 12.63 464.16</u></div>
<div><u>Middlesex FOB2.56 2.63 2.63 N/A 12.55 460.952.49 12.57 461.96</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.81 12.80 470.142.77 12.85 472.25</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 12.88 473.35</u></div>
<div><u>Prescott 2.23 12.22 448.822.75 12.83 471.51</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.73 357.43-0.32 9.76 358.64</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2874 up 0.0076</u></div>
<div><u>Chicago wheat closed sharply higher.</u></div>
<div><u>JUL18 HI 5.18 3/4 JUL18 HI 5.18 3/4</u></div>
<div><u> LOW 4.95 1/4 LOW 4.95 1/4</u></div>
<div><u> CLOSE 5.18 1/4 Up 20 3/4 CLOSE 5.18 1/4 Up 20 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed higher.</u></div>
<div><u>JUL18 HI 6.30 SEP18 HI 6.34</u></div>
<div><u> LOW 6.14 LOW 6.20 1/2</u></div>
<div><u> CLOSE 6.29 Up 14 1/4 CLOSE 6.33 1/4 Up 12 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 1.39 1.32 1.13 0.39</u></div>
<div><u>CAD $/bu 6.57 6.50 6.31 6.68</u></div>
<div><u>CAD $/tonne 241.37 239.01 231.91 245.51</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 1.13 1.33 0.87 N/A 1.20 1.20 1.00 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 0.85 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 0.85 N/A N/A N/A 1.00 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 1.44 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.03 0.93 0.11 N/A 1.31 1.25 0.28</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 1.68 N/A N/A N/A 1.68 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.28US 6.80CA 5.28US 6.80CA</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 1.36 1.30 1.23 0.40</u></div>
<div><u>CAD $/bu 6.54 6.48 6.41 6.74</u></div>
<div><u>CAD $/tonne 240.42 238.06 235.69 247.52</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 570.24</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="LPlnk983338" 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="LPlnk949228" 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%;
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"> to
unsubscribe from this report.</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<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>
<br>
</div>
<p></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size: 12pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: Calibri, Arial, Helvetica, sans-serif, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<u><br>
</u>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>