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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, April 25</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3476 up 0.0011</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY19 HI 3.51 DEC19 HI 3.79 3/4</u></div>
<div><u> LOW 3.42 1/4 LOW 3.71 3/4</u></div>
<div><u> CLOSE3.47 1/2 Up 3/4 CLOSE 3.77 1/4 Up 1 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 +JUL19+JUL19+SEP19</u></div>
<div><u>CK Low 1.05 4.53 178.14 0.85 4.62 181.98</u></div>
<div><u>CK High 1.05 4.53 178.14 0.90 4.67 183.95</u></div>
<div><u>CK Avg 1.05 -0.12 4.53 178.14 0.87 -0.33 4.64 182.64</u></div>
<div><u>Essex Cty 1.05 4.53 178.14 0.85 4.62 181.98</u></div>
<div><u>Mdsx Low 1.05 4.53 178.14 0.85 4.62 181.98</u></div>
<div><u>Mdsx High 1.05 4.53 178.14 0.90 4.67 183.95</u></div>
<div><u>Mdsx Avg 1.05 -0.12 4.53 178.14 0.88 -0.32 4.65 182.96</u></div>
<div><u>Hensall 1.08 4.55 179.13 0.90 4.67 183.95</u></div>
<div><u>Bruce 1.05 4.53 178.14 0.90 4.67 183.95</u></div>
<div><u>Putnam 1.05 4.53 178.14 0.85 4.62 181.98</u></div>
<div><u>Burford 1.05 4.53 178.14 0.85 4.62 181.98</u></div>
<div><u>Port Perry 1.05 4.53 178.14 0.85 4.62 181.98</u></div>
<div><u>Norfolk 1.05 4.53 178.14 0.85 4.62 181.98</u></div>
<div><u>Palmerston 1.00 4.48 176.17 0.90 4.67 183.95</u></div>
<div><u>Varna 1.10 4.58 180.11 0.90 4.67 183.95</u></div>
<div><u>Trenton 1.05 4.53 178.14 0.90 4.67 183.95</u></div>
<div><u>Winchester 1.20 4.68 184.05 1.17 4.94 194.58</u></div>
<div><u>North Gower 1.10 4.58 180.11 1.18 4.95 194.97</u></div>
<div><u>Huron FOB 1.40 4.88 191.92 0.92 4.69 184.74</u></div>
<div><u>Kent FOB 1.30 4.78 187.98 0.85 4.62 181.98</u></div>
<div><u>Lamb FOB 1.26 4.74 186.41 0.93 4.70 185.13</u></div>
<div><u>Mdsx FOB 1.40 1.45 1.35N/A 4.88 191.92 0.95 4.72 185.92</u></div>
<div><u>FOB SW Que 2.12 5.60 220.27 1.32 5.09 200.48</u></div>
<div><u>Track 1.53 5.00 196.84N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.67 1.06 4.83 190.25</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.38 5.15 202.84</u></div>
<div><u>Aylmer-Eth N/A 1.55 1.55 1.60 1.05 4.82 189.85</u></div>
<div><u>Sarn-Eth N/A 1.45 1.45N/A 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 1.70 1.20 4.97 195.76</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 1.35 5.12 201.66</u></div>
<div><u>W O Feed 1.72 5.20 204.62</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.78 5.26 206.88</u></div>
<div><u>Toledo El. -0.05 3.42 134.68 -0.27 3.50 137.91</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 4.92193 4/5</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.05 4.52 1/2 0.87 1/2 4.64 3/4</u></div>
<div><u>HI SD CRN 1.05 4.52 1/2 0.90 4.67 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 1.3476 up 0.0011</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY19 HI 8.62 3/4 NOV19 HI 8.97</u></div>
<div><u> LOW 8.53 1/2 LOW 8.88</u></div>
<div><u> CLOSE8.59 1/4 Up 4 CLOSE 8.93 1/4 Up 3 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 +MAY1+JUL1+JUL19</u></div>
<div><u>CK Low 2.10 10.69 392.882.10 11.03 405.37</u></div>
<div><u>CK High 2.20 10.79 396.562.20 11.13 409.05</u></div>
<div><u>CK Average 2.13 -0.6410.72 393.982.13 -0.7211.06 406.54</u></div>
<div><u>Essex Cty 2.15 10.74 394.722.15 11.08 407.21</u></div>
<div><u>Mdsx Low 2.10 10.69 392.882.10 11.03 405.37</u></div>
<div><u>Mdsx High 2.11 10.70 393.252.12 11.05 406.11</u></div>
<div><u>Mdsx Average 2.11 -0.6510.70 393.072.11 -0.7411.04 405.74</u></div>
<div><u>Hensall 2.13 10.72 393.802.10 11.03 405.37</u></div>
<div><u>Bruce 2.15 10.74 394.722.10 11.03 405.37</u></div>
<div><u>Putnam 2.10 10.69 392.882.10 11.03 405.37</u></div>
<div><u>Burford 2.11 10.70 393.252.12 11.05 406.11</u></div>
<div><u>Port Perry 2.10 10.69 392.882.11 11.04 405.74</u></div>
<div><u>Norfolk 2.15 10.74 394.722.10 11.03 405.37</u></div>
<div><u>Palmerston 2.10 10.69 392.882.15 11.08 407.21</u></div>
<div><u>Varna 2.15 10.74 394.722.10 11.03 405.37</u></div>
<div><u>Trenton 2.24 10.83 398.032.20 11.13 409.05</u></div>
<div><u>Winchester 2.22 10.81 397.292.25 11.18 410.89</u></div>
<div><u>North Gower 2.05 10.64 391.042.20 11.13 409.05</u></div>
<div><u>Huron FOB 2.30 10.89 400.232.20 11.13 409.05</u></div>
<div><u>Kent FOB 2.30 10.89 400.232.10 11.03 405.37</u></div>
<div><u>Lambton FOB 2.15 10.74 394.722.20 11.13 409.05</u></div>
<div><u>Middlesex FOB2.17 2.30 2.28 2.35 10.76 395.452.17 11.10 407.95</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.58 11.51 423.01</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.60 11.19 411.252.55 11.48 421.91</u></div>
<div><u>Prescott N/A 2.55 11.48 421.91</u></div>
<div><u>Port Colborne N/A 2.58 11.51 423.01</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.51 8.08 296.90-0.74 8.19 300.98</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3476 up 0.0011</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAY19 HI 4.37 1/2 JUL19 HI 4.43 1/2</u></div>
<div><u> LOW 4.28 1/4 LOW 4.34 1/2</u></div>
<div><u> CLOSE 4.34 3/4 Up 2 1/2 CLOSE 4.41 1/2 Up 3</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAY19 HI 5.09 SEP19 HI 5.25 3/4</u></div>
<div><u> LOW 5.02 1/4 LOW 5.20 3/4</u></div>
<div><u> CLOSE 5.05 Up 1 3/4 CLOSE 5.23 Up 2</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.51 1.58 1.38 0.81</u></div>
<div><u>CAD $/bu 5.86 5.93 5.72 5.86</u></div>
<div><u>CAD $/tonne 215.27 217.75 210.32 215.40</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2018 Harvest 2019</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 1.25 N/A N/A N/A 1.20 N/A</u></div>
<div><u>London 1.30 1.71 1.30 N/A 1.38 1.65 1.31 N/A</u></div>
<div><u>Hensall 1.40 N/A 1.25 N/A 1.50 N/A 1.20 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.25 N/A</u></div>
<div><u>Bruce 1.45 1.80 1.25 N/A 1.60 1.70 1.25 1.00</u></div>
<div><u>Essex N/A N/A 1.25 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Norwich 1.40 N/A 1.25 N/A 1.50 N/A 1.20 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A 1.60 1.25 N/A</u></div>
<div><u>Kent Bridge 1.40 N/A 1.25 N/A 1.50 N/A 1.20 N/A</u></div>
<div><u>Chatham N/A N/A 1.25 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Brigden N/A N/A 1.25 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Palmerston N/A 1.75 1.25 1.10 N/A 1.58 1.28 1.00</u></div>
<div><u>Varna 1.50 1.80 1.30 N/A 1.45 1.65 1.25 N/A</u></div>
<div><u>Mitchell 1.40 1.45 1.25 N/A 1.50 1.60 1.20 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.02 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.50 1.25 0.70 N/A 1.93 1.46 0.80</u></div>
<div><u>W O Feed 1.75</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.73 2.00 1.59 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.71 N/A N/A N/A 1.67 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.30US 5.79CA 4.27US 5.75CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.60 1.94 1.47 1.08</u></div>
<div><u>CAD $/bu 6.02 6.35 5.88 6.31</u></div>
<div><u>CAD $/tonne 221.09 233.47 216.14 231.74</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 471.80</u></div>
<div><u>DDG's FOB Srn & Aylm 200.00</u></div>
<div><br>
</div>
<div>--</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="LPlnk546246" 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>
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