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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 7</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3472 up 0.0045</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 3.68 1/4 DEC19 HI 3.85 1/2</u></div>
<div><u> LOW 3.63 LOW 3.81</u></div>
<div><u> CLOSE3.66 1/2 Up 2 1/4 CLOSE 3.83 3/4 Up 1 1/2</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 4.67 183.65 0.85 4.69 184.54</u></div>
<div><u>CK High 1.00 4.67 183.65 0.90 4.74 186.51</u></div>
<div><u>CK Avg 1.00 -0.20 4.67 183.65 0.87 -0.35 4.70 185.19</u></div>
<div><u>Essex Cty 1.00 4.67 183.65 0.85 4.69 184.54</u></div>
<div><u>Mdsx Low 1.00 4.67 183.65 0.85 4.69 184.54</u></div>
<div><u>Mdsx High 1.00 4.67 183.65 0.90 4.74 186.51</u></div>
<div><u>Mdsx Avg 1.00 -0.20 4.67 183.65 0.88 -0.34 4.71 185.52</u></div>
<div><u>Hensall 1.05 4.72 185.62 0.93 4.76 187.49</u></div>
<div><u>Bruce 1.00 4.67 183.65 0.90 4.74 186.51</u></div>
<div><u>Putnam 1.00 4.67 183.65 0.85 4.69 184.54</u></div>
<div><u>Burford 1.00 4.67 183.65 0.85 4.69 184.54</u></div>
<div><u>Port Perry 1.00 4.67 183.65 0.85 4.69 184.54</u></div>
<div><u>Norfolk 1.00 4.67 183.65 0.85 4.69 184.54</u></div>
<div><u>Palmerston 1.00 4.67 183.65 0.90 4.74 186.51</u></div>
<div><u>Varna 1.05 4.72 185.62 0.90 4.74 186.51</u></div>
<div><u>Trenton 0.95 4.62 181.68 0.90 4.74 186.51</u></div>
<div><u>Winchester 1.10 4.77 187.59 1.20 5.04 198.32</u></div>
<div><u>North Gower 1.10 4.77 187.59 1.18 5.02 197.53</u></div>
<div><u>Huron FOB 1.35 5.02 197.43 0.95 4.79 188.48</u></div>
<div><u>Kent FOB 1.32 4.99 196.25 0.85 4.69 184.54</u></div>
<div><u>Lamb FOB 1.46 5.13 201.76 0.95 4.79 188.48</u></div>
<div><u>Mdsx FOB 1.40 1.35 1.45 1.45 5.07 199.40 0.95 4.79 188.48</u></div>
<div><u>FOB SW Que 1.87 5.54 217.90 1.38 5.22 205.40</u></div>
<div><u>Track 1.55 5.22 205.31N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.66 1.70 1.06 4.90 192.81</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 1.60 1.58 1.65 1.70 5.27 207.27 1.05 4.89 192.41</u></div>
<div><u>Sarn-Eth 1.50 1.50N/A N/A 5.17 203.34N/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 5.04 198.32</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 5.19 204.22</u></div>
<div><u>W O Feed 1.70 5.37 211.29</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.70 5.37 211.21</u></div>
<div><u>Toledo El. -0.11 3.56 140.04 -0.27 3.57 140.47</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 4.99196 1/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.71 1/4</u></div>
<div><u>HI SD CRN 0.90 4.73 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 1.3472 up 0.0045</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.36 1/4 NOV19 HI 8.58</u></div>
<div><u> LOW 8.27 LOW 8.50</u></div>
<div><u> CLOSE8.30 3/4 Up 1/2 CLOSE 8.53 Unchanged</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 1.90 10.21 375.061.92 10.45 383.97</u></div>
<div><u>CK High 2.00 10.31 378.742.00 10.53 386.91</u></div>
<div><u>CK Average 1.93 -0.7110.24 376.101.96 -0.7410.49 385.50</u></div>
<div><u>Essex Cty 1.90 10.21 375.061.95 10.48 385.07</u></div>
<div><u>Mdsx Low 1.90 10.21 375.061.90 10.43 383.24</u></div>
<div><u>Mdsx High 1.90 10.21 375.061.95 10.48 385.07</u></div>
<div><u>Mdsx Average 1.90 -0.7310.21 375.061.93 -0.7710.46 384.16</u></div>
<div><u>Hensall 1.90 10.21 375.061.95 10.48 385.07</u></div>
<div><u>Bruce 1.90 10.21 375.061.95 10.48 385.07</u></div>
<div><u>Putnam 1.90 10.21 375.061.95 10.48 385.07</u></div>
<div><u>Burford 1.95 10.26 376.901.95 10.48 385.07</u></div>
<div><u>Port Perry 1.92 10.23 375.801.92 10.45 383.97</u></div>
<div><u>Norfolk 1.90 10.21 375.061.95 10.48 385.07</u></div>
<div><u>Palmerston 1.95 10.26 376.901.95 10.48 385.07</u></div>
<div><u>Varna 1.90 10.21 375.061.95 10.48 385.07</u></div>
<div><u>Trenton 1.95 10.26 376.902.00 10.53 386.91</u></div>
<div><u>Winchester 1.90 10.21 375.062.05 10.58 388.75</u></div>
<div><u>North Gower 1.99 10.30 378.372.10 10.63 390.59</u></div>
<div><u>Huron FOB 2.00 10.31 378.742.05 10.58 388.75</u></div>
<div><u>Kent FOB 2.10 10.41 382.411.95 10.48 385.07</u></div>
<div><u>Lambton FOB 1.95 10.26 376.902.15 10.68 392.42</u></div>
<div><u>Middlesex FOB2.02 2.09 2.19 N/A 10.33 379.471.95 10.48 385.07</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.42 10.73 394.172.30 10.83 397.93</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.35 10.66 391.602.40 10.93 401.61</u></div>
<div><u>Prescott N/A 2.35 10.88 399.77</u></div>
<div><u>Port Colborne N/A 2.30 10.83 397.93</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.61 7.70 282.97-0.74 7.79 286.20</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3472 up 0.0045</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>JUL19 HI 4.42 1/4 JUL19 HI 4.42 1/4</u></div>
<div><u> LOW 4.31 1/4 LOW 4.31 1/4</u></div>
<div><u> CLOSE 4.39 1/2 Up 2 1/4 CLOSE 4.39 1/2 Up 2 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>JUL19 HI 5.22 SEP19 HI 5.30</u></div>
<div><u> LOW 5.10 LOW 5.18 3/4</u></div>
<div><u> CLOSE 5.21 3/4 Up 7 1/2 CLOSE 5.29 1/2 Up 7 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 1.53 1.59 1.39 0.87</u></div>
<div><u>CAD $/bu 5.92 5.99 5.79 6.09</u></div>
<div><u>CAD $/tonne 217.55 220.03 212.60 223.62</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 1.29 1.69 1.22 N/A 1.34 1.67 1.27 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 1.03 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 1.82</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.69 2.02 1.55 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.66 N/A N/A N/A 1.66 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.28US 5.76CA 4.28US 5.76CA</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 1.59 1.93 1.46 1.10</u></div>
<div><u>CAD $/bu 5.99 6.32 5.85 6.39</u></div>
<div><u>CAD $/tonne 220.03 232.40 215.08 234.88</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 453.28</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"><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>
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