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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3416 down 0.0034</u></div>
<div><u>Chicago corn closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 3.71 3/4 DEC19 HI 3.88</u></div>
<div><u> LOW 3.66 LOW 3.83</u></div>
<div><u> CLOSE3.70 3/4 Up 1/4 CLOSE 3.87 3/4 Up 3/4</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 4.71 185.33 0.85 4.73 186.11</u></div>
<div><u>CK High 1.00 4.71 185.33 0.90 4.78 188.08</u></div>
<div><u>CK Avg 1.00 -0.20 4.71 185.33 0.87 -0.34 4.74 186.77</u></div>
<div><u>Essex Cty 1.00 4.71 185.33 0.85 4.73 186.11</u></div>
<div><u>Mdsx Low 1.00 4.71 185.33 0.85 4.73 186.11</u></div>
<div><u>Mdsx High 1.00 4.71 185.33 0.90 4.78 188.08</u></div>
<div><u>Mdsx Avg 1.00 -0.20 4.71 185.33 0.88 -0.33 4.75 187.10</u></div>
<div><u>Hensall 1.05 4.76 187.29 0.93 4.80 189.07</u></div>
<div><u>Bruce 1.00 4.71 185.33 0.90 4.78 188.08</u></div>
<div><u>Putnam 1.00 4.71 185.33 0.85 4.73 186.11</u></div>
<div><u>Burford 1.00 4.71 185.33 0.85 4.73 186.11</u></div>
<div><u>Port Perry 1.00 4.71 185.33 0.85 4.73 186.11</u></div>
<div><u>Norfolk 1.00 4.71 185.33 0.85 4.73 186.11</u></div>
<div><u>Palmerston 1.00 4.71 185.33 0.90 4.78 188.08</u></div>
<div><u>Varna 1.05 4.76 187.29 0.90 4.78 188.08</u></div>
<div><u>Trenton 0.95 4.66 183.36 0.90 4.78 188.08</u></div>
<div><u>Winchester 1.10 4.81 189.26 1.20 5.08 199.89</u></div>
<div><u>North Gower 1.10 4.81 189.26 1.18 5.06 199.10</u></div>
<div><u>Huron FOB 1.35 5.06 199.10 0.95 4.83 190.05</u></div>
<div><u>Kent FOB 1.32 5.03 197.92 0.85 4.73 186.11</u></div>
<div><u>Lamb FOB 1.46 5.17 203.44 0.93 4.81 189.26</u></div>
<div><u>Mdsx FOB 1.40N/A N/A N/A 5.11 201.07 0.95 4.83 190.05</u></div>
<div><u>FOB SW Que 1.93 5.64 221.94 1.41 5.29 208.16</u></div>
<div><u>Track 1.50 5.21 205.01N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.68 1.72 1.08 4.96 195.17</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.44 5.32 209.34</u></div>
<div><u>Aylmer-Eth 1.60 1.58 1.65 1.70 5.31 208.95 1.05 4.93 193.99</u></div>
<div><u>Sarn-Eth 1.50 1.50N/A N/A 5.21 205.01N/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 5.08 199.89</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 5.23 205.80</u></div>
<div><u>W O Feed 1.68 5.38 211.94</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.70 5.41 212.88</u></div>
<div><u>Toledo El. -0.11 3.60 141.73 -0.27 3.61 142.09</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 5.03198</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.75 1/4</u></div>
<div><u>HI SD CRN 0.90 4.77 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3416 down 0.0034</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.48 NOV19 HI 8.69 1/4</u></div>
<div><u> LOW 8.40 1/2 LOW 8.62 1/2</u></div>
<div><u> CLOSE8.42 1/4 Down 1 CLOSE 8.64 1/4 Down 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 10.35 380.391.97 10.61 389.94</u></div>
<div><u>CK High 2.00 10.42 382.962.05 10.69 392.88</u></div>
<div><u>CK Average 1.96 -0.6810.39 381.612.01 -0.7010.65 391.47</u></div>
<div><u>Essex Cty 1.95 10.37 381.122.00 10.64 391.04</u></div>
<div><u>Mdsx Low 1.91 10.33 379.651.95 10.59 389.21</u></div>
<div><u>Mdsx High 1.95 10.37 381.122.00 10.64 391.04</u></div>
<div><u>Mdsx Average 1.93 -0.7110.35 380.391.98 -0.7310.62 390.13</u></div>
<div><u>Hensall 1.93 10.35 380.211.98 10.62 390.13</u></div>
<div><u>Bruce 1.90 10.32 379.291.95 10.59 389.21</u></div>
<div><u>Putnam 1.95 10.37 381.122.00 10.64 391.04</u></div>
<div><u>Burford 1.91 10.33 379.651.95 10.59 389.21</u></div>
<div><u>Port Perry 1.90 10.32 379.291.94 10.58 388.84</u></div>
<div><u>Norfolk 1.95 10.37 381.122.00 10.64 391.04</u></div>
<div><u>Palmerston 1.95 10.37 381.121.95 10.59 389.21</u></div>
<div><u>Varna 1.90 10.32 379.291.95 10.59 389.21</u></div>
<div><u>Trenton 1.95 10.37 381.122.00 10.64 391.04</u></div>
<div><u>Winchester 1.90 10.32 379.291.98 10.62 390.31</u></div>
<div><u>North Gower 1.99 10.41 382.592.10 10.74 394.72</u></div>
<div><u>Huron FOB 2.00 10.42 382.962.05 10.69 392.88</u></div>
<div><u>Kent FOB 2.20 10.62 390.312.00 10.64 391.04</u></div>
<div><u>Lambton FOB 1.95 10.37 381.122.15 10.79 396.56</u></div>
<div><u>Middlesex FOB2.03 2.10 2.21 N/A 10.45 384.062.05 10.69 392.88</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.42 10.84 398.392.29 10.93 401.70</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.40 10.82 397.662.45 11.09 407.58</u></div>
<div><u>Prescott N/A 2.35 10.99 403.91</u></div>
<div><u>Port Colborne N/A 2.39 11.03 405.37</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 7.82 287.29-0.74 7.90 290.45</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3416 down 0.0034</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>JUL19 HI 4.48 JUL19 HI 4.48</u></div>
<div><u> LOW 4.36 LOW 4.36</u></div>
<div><u> CLOSE 4.38 Down 6 CLOSE 4.38 Down 6</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>JUL19 HI 5.20 3/4 SEP19 HI 5.29</u></div>
<div><u> LOW 5.14 LOW 5.21 3/4</u></div>
<div><u> CLOSE 5.15 Down 5 3/4 CLOSE 5.23 Down 6 1/4</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 1.50 1.56 1.36 0.82</u></div>
<div><u>CAD $/bu 5.88 5.94 5.74 5.97</u></div>
<div><u>CAD $/tonne 215.91 218.37 210.98 219.36</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 1.30 N/A N/A N/A 1.30 N/A</u></div>
<div><u>London 1.30 1.71 1.24 N/A 1.35 1.62 1.29 N/A</u></div>
<div><u>Hensall 1.60 N/A 1.30 N/A 1.60 N/A 1.30 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 1.60 1.75 1.25 N/A 1.60 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 1.60 N/A 1.30 N/A 1.60 N/A 1.30 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A 1.60 1.30 N/A</u></div>
<div><u>Kent Bridge 1.60 N/A 1.30 N/A 1.60 N/A 1.30 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 1.74 1.24 1.00</u></div>
<div><u>Varna 1.50 1.75 1.30 N/A 1.50 1.70 1.30 N/A</u></div>
<div><u>Mitchell 1.60 1.60 1.30 N/A 1.60 1.60 1.30 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.08 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.42 1.20 0.70 N/A 1.94 1.47 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 1.70 1.97 1.57 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. 4.23US 5.67CA 4.23US 5.67CA</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 5.94 6.28 5.81 6.28</u></div>
<div><u>CAD $/tonne 218.37 230.70 213.44 230.70</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 458.79</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00</u></div>
<div><br>
</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="LPlnk374282" 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="LPlnk915620" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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