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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 1</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3428 up 0.0055</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 3.69 DEC19 HI 3.87</u></div>
<div><u> LOW 3.62 1/2 LOW 3.81 1/4</u></div>
<div><u> CLOSE3.68 1/2 Up 6 CLOSE 3.86 1/4 Up 5 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+SEP19+SEP19</u></div>
<div><u>CK Low 1.00 4.69 184.44 0.85 4.71 185.52</u></div>
<div><u>CK High 1.00 4.69 184.44 0.90 4.76 187.49</u></div>
<div><u>CK Avg 1.00 -0.20 4.69 184.44 0.87 -0.34 4.73 186.18</u></div>
<div><u>Essex Cty 1.00 4.69 184.44 0.85 4.71 185.52</u></div>
<div><u>Mdsx Low 1.00 4.69 184.44 0.85 4.71 185.52</u></div>
<div><u>Mdsx High 1.00 4.69 184.44 0.90 4.76 187.49</u></div>
<div><u>Mdsx Avg 1.00 -0.20 4.69 184.44 0.88 -0.33 4.74 186.51</u></div>
<div><u>Hensall 1.05 4.74 186.41 0.93 4.79 188.48</u></div>
<div><u>Bruce 1.00 4.69 184.44 0.90 4.76 187.49</u></div>
<div><u>Putnam 1.00 4.69 184.44 0.85 4.71 185.52</u></div>
<div><u>Burford 1.00 4.69 184.44 0.85 4.71 185.52</u></div>
<div><u>Port Perry 1.00 4.69 184.44 0.85 4.71 185.52</u></div>
<div><u>Norfolk 1.00 4.69 184.44 0.85 4.71 185.52</u></div>
<div><u>Palmerston 1.00 4.69 184.44 0.90 4.76 187.49</u></div>
<div><u>Varna 1.05 4.74 186.41 0.90 4.76 187.49</u></div>
<div><u>Trenton 0.95 4.64 182.47 0.90 4.76 187.49</u></div>
<div><u>Winchester 1.10 4.79 188.38 1.20 5.06 199.30</u></div>
<div><u>North Gower 1.10 4.79 188.38 1.18 5.04 198.51</u></div>
<div><u>Huron FOB 1.35 5.04 198.22 0.95 4.81 189.46</u></div>
<div><u>Kent FOB 1.32 5.01 197.04 0.85 4.71 185.52</u></div>
<div><u>Lamb FOB 1.45 5.14 202.16 0.93 4.79 188.67</u></div>
<div><u>Mdsx FOB 1.40N/A N/A N/A 5.09 200.19 0.95 4.81 189.46</u></div>
<div><u>FOB SW Que 2.00 5.69 223.81 1.39 5.25 206.78</u></div>
<div><u>Track 1.48 5.16 203.14N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.66 1.69 1.05 4.91 193.40</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.38 5.24 206.39</u></div>
<div><u>Aylmer-Eth 1.60 1.60 1.58 1.65 5.29 208.06 1.05 4.91 193.40</u></div>
<div><u>Sarn-Eth 1.45 1.45N/A N/A 5.14 202.16N/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 1.73 1.20 5.06 199.30</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 5.21 205.21</u></div>
<div><u>W O Feed 1.67 5.36 210.97</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.69 5.38 211.60</u></div>
<div><u>Toledo El. -0.13 3.55 139.79 -0.27 3.59 141.49</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 5.01197 1/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.73 3/4</u></div>
<div><u>HI SD CRN 0.90 4.76 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 1.3428 up 0.0055</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.57 3/4 NOV19 HI 8.78 1/2</u></div>
<div><u> LOW 8.44 1/4 LOW 8.65 3/4</u></div>
<div><u> CLOSE8.51 3/4 Down 2 1/4 CLOSE 8.73 Down 1 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+AUG19</u></div>
<div><u>CK Low 1.93 10.45 383.882.00 10.73 394.26</u></div>
<div><u>CK High 2.00 10.52 386.452.05 10.78 396.10</u></div>
<div><u>CK Average 1.96 -0.7110.48 385.102.01 -0.7310.74 394.69</u></div>
<div><u>Essex Cty 1.95 10.47 384.612.00 10.73 394.26</u></div>
<div><u>Mdsx Low 1.91 10.43 383.152.00 10.73 394.26</u></div>
<div><u>Mdsx High 1.95 10.47 384.612.06 10.79 396.46</u></div>
<div><u>Mdsx Average 1.93 -0.7410.45 383.882.03 -0.7210.76 395.36</u></div>
<div><u>Hensall 1.95 10.47 384.612.00 10.73 394.26</u></div>
<div><u>Bruce 1.95 10.47 384.612.00 10.73 394.26</u></div>
<div><u>Putnam 1.95 10.47 384.612.00 10.73 394.26</u></div>
<div><u>Burford 1.91 10.43 383.152.00 10.73 394.26</u></div>
<div><u>Port Perry 1.90 10.42 382.781.99 10.72 393.89</u></div>
<div><u>Norfolk 1.95 10.47 384.612.00 10.73 394.26</u></div>
<div><u>Palmerston 1.95 10.47 384.612.00 10.73 394.26</u></div>
<div><u>Varna 1.95 10.47 384.612.00 10.73 394.26</u></div>
<div><u>Trenton 2.00 10.52 386.452.10 10.83 397.93</u></div>
<div><u>Winchester 1.88 10.40 382.041.96 10.69 392.79</u></div>
<div><u>North Gower 1.99 10.51 386.082.10 10.83 397.93</u></div>
<div><u>Huron FOB 2.05 10.57 388.292.10 10.83 397.93</u></div>
<div><u>Kent FOB 2.20 10.72 393.802.00 10.73 394.26</u></div>
<div><u>Lambton FOB 1.95 10.47 384.612.15 10.88 399.77</u></div>
<div><u>Middlesex FOB2.03 2.10 2.21 N/A 10.55 387.552.13 10.86 399.04</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.46 10.98 403.352.47 11.20 411.53</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.40 10.92 401.152.45 11.18 410.79</u></div>
<div><u>Prescott N/A 2.40 11.13 408.96</u></div>
<div><u>Port Colborne N/A 2.47 11.20 411.53</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 7.91 290.76-0.74 7.99 293.64</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3428 up 0.0055</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>JUL19 HI 4.37 3/4 JUL19 HI 4.37 3/4</u></div>
<div><u> LOW 4.27 3/4 LOW 4.27 3/4</u></div>
<div><u> CLOSE 4.36 Up 7 1/4 CLOSE 4.36 Up 7 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL19 HI 5.14 1/2 SEP19 HI 5.23 1/4</u></div>
<div><u> LOW 5.06 3/4 LOW 5.16 1/2</u></div>
<div><u> CLOSE 5.12 Up 5 CLOSE 5.21 Up 4 3/4</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 1.49 1.56 1.36 0.82</u></div>
<div><u>CAD $/bu 5.85 5.92 5.72 5.94</u></div>
<div><u>CAD $/tonne 215.12 217.59 210.19 218.08</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 1.20 N/A N/A N/A 1.20 N/A</u></div>
<div><u>London 1.13 1.53 1.13 N/A 1.32 1.59 1.26 N/A</u></div>
<div><u>Hensall 1.29 N/A 1.14 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 1.40 1.75 1.25 N/A 1.50 1.70 1.30 1.00</u></div>
<div><u>Essex N/A N/A 1.20 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Norwich 1.29 N/A 1.14 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 1.29 N/A 1.14 N/A 1.50 N/A 1.20 N/A</u></div>
<div><u>Chatham N/A N/A 1.20 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Brigden N/A N/A 1.20 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 1.72 1.22 1.00</u></div>
<div><u>Varna 1.45 1.75 1.25 N/A 1.50 1.70 1.30 N/A</u></div>
<div><u>Mitchell 1.29 1.34 1.14 N/A 1.50 1.60 1.20 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.78 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.42 1.20 0.70 N/A 1.92 1.45 0.85</u></div>
<div><u>W O Feed 1.76</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.67 1.94 1.54 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.63 N/A N/A N/A 1.63 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.20US 5.64CA 4.21US 5.65CA</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 1.56 1.90 1.43 1.05</u></div>
<div><u>CAD $/bu 5.92 6.26 5.79 6.26</u></div>
<div><u>CAD $/tonne 217.59 229.93 212.66 229.93</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 460.77</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
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<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" style="" id="LPlnk515674" class="OWAAutoLink" previewremoved="true"><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>
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