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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 8</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3461 down 0.0011</u></div>
<div><u>Chicago corn closed slightly lower.</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 3.61 1/2 LOW 3.79 1/2</u></div>
<div><u> CLOSE3.64 1/4 Down 2 1/4 CLOSE 3.82 1/4 Down 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 4.64 182.77 0.85 4.67 183.95</u></div>
<div><u>CK High 1.05 4.69 184.74 0.90 4.72 185.92</u></div>
<div><u>CK Avg 1.01 -0.19 4.65 183.10 0.87 -0.34 4.69 184.60</u></div>
<div><u>Essex Cty 1.05 4.69 184.74 0.85 4.67 183.95</u></div>
<div><u>Mdsx Low 1.00 4.64 182.77 0.85 4.67 183.95</u></div>
<div><u>Mdsx High 1.00 4.64 182.77 0.90 4.72 185.92</u></div>
<div><u>Mdsx Avg 1.00 -0.19 4.64 182.77 0.88 -0.33 4.70 184.93</u></div>
<div><u>Hensall 1.05 4.69 184.74 0.93 4.75 186.90</u></div>
<div><u>Bruce 1.00 4.64 182.77 0.90 4.72 185.92</u></div>
<div><u>Putnam 1.00 4.64 182.77 0.85 4.67 183.95</u></div>
<div><u>Burford 1.00 4.64 182.77 0.85 4.67 183.95</u></div>
<div><u>Port Perry 1.00 4.64 182.77 0.85 4.67 183.95</u></div>
<div><u>Norfolk 1.05 4.69 184.74 0.85 4.67 183.95</u></div>
<div><u>Palmerston 1.00 4.64 182.77 0.90 4.72 185.92</u></div>
<div><u>Varna 1.05 4.69 184.74 0.90 4.72 185.92</u></div>
<div><u>Trenton 0.95 4.59 180.80 0.90 4.72 185.92</u></div>
<div><u>Winchester 1.10 4.74 186.70 1.20 5.02 197.73</u></div>
<div><u>North Gower 1.10 4.74 186.70 1.18 5.00 196.94</u></div>
<div><u>Huron FOB 1.35 4.99 196.55 0.95 4.77 187.89</u></div>
<div><u>Kent FOB 1.37 5.01 197.33 0.85 4.67 183.95</u></div>
<div><u>Lamb FOB 1.46 5.10 200.88 0.95 4.77 187.89</u></div>
<div><u>Mdsx FOB 1.40 1.35 1.45 1.45 5.04 198.51 0.95 4.77 187.89</u></div>
<div><u>FOB SW Que 1.88 5.52 217.41 1.32 5.14 202.45</u></div>
<div><u>Track 1.55 5.19 204.42N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.66 1.70 1.06 4.88 192.22</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 5.24 206.39 1.05 4.87 191.82</u></div>
<div><u>Sarn-Eth 1.50 1.50N/A N/A 5.14 202.45N/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 5.02 197.73</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 5.17 203.63</u></div>
<div><u>W O Feed 1.72 5.36 210.95</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.84 5.48 215.84</u></div>
<div><u>Toledo El. -0.09 3.55 139.69 -0.27 3.55 139.89</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 4.97195 3/4</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.69 3/4</u></div>
<div><u>HI SD CRN 0.90 4.72 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 1.3461 down 0.0011</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.35 NOV19 HI 8.56 3/4</u></div>
<div><u> LOW 8.24 3/4 LOW 8.47 3/4</u></div>
<div><u> CLOSE8.27 1/4 Down 3 1/2 CLOSE 8.50 1/2 Down 2 1/2</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 1.88 10.15 373.041.91 10.42 382.69</u></div>
<div><u>CK High 1.95 10.22 375.612.00 10.51 385.99</u></div>
<div><u>CK Average 1.91 -0.7110.19 374.271.96 -0.7310.47 384.52</u></div>
<div><u>Essex Cty 1.90 10.17 373.781.95 10.46 384.16</u></div>
<div><u>Mdsx Low 1.86 10.13 372.311.89 10.40 381.95</u></div>
<div><u>Mdsx High 1.90 10.17 373.781.95 10.46 384.16</u></div>
<div><u>Mdsx Average 1.88 -0.7310.15 373.041.92 -0.7610.43 383.05</u></div>
<div><u>Hensall 1.90 10.17 373.781.95 10.46 384.16</u></div>
<div><u>Bruce 1.90 10.17 373.781.95 10.46 384.16</u></div>
<div><u>Putnam 1.90 10.17 373.781.95 10.46 384.16</u></div>
<div><u>Burford 1.91 10.18 374.141.94 10.45 383.79</u></div>
<div><u>Port Perry 1.88 10.15 373.041.91 10.42 382.69</u></div>
<div><u>Norfolk 1.90 10.17 373.781.95 10.46 384.16</u></div>
<div><u>Palmerston 1.95 10.22 375.611.95 10.46 384.16</u></div>
<div><u>Varna 1.90 10.17 373.781.95 10.46 384.16</u></div>
<div><u>Trenton 1.95 10.22 375.612.00 10.51 385.99</u></div>
<div><u>Winchester 1.90 10.17 373.782.05 10.56 387.83</u></div>
<div><u>North Gower 1.99 10.26 377.082.10 10.61 389.67</u></div>
<div><u>Huron FOB 2.00 10.27 377.452.05 10.56 387.83</u></div>
<div><u>Kent FOB 2.10 10.37 381.121.95 10.46 384.16</u></div>
<div><u>Lambton FOB 1.95 10.22 375.612.10 10.61 389.67</u></div>
<div><u>Middlesex FOB2.01 2.08 2.19 N/A 10.28 377.822.06 10.57 388.20</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.40 10.67 392.152.28 10.79 396.28</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.35 10.62 390.312.40 10.91 400.69</u></div>
<div><u>Prescott N/A 2.35 10.86 398.85</u></div>
<div><u>Port Colborne N/A 2.32 10.83 397.75</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.61 7.67 281.71-0.74 7.76 285.30</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3461 down 0.0011</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL19 HI 4.43 1/2 JUL19 HI 4.43 1/2</u></div>
<div><u> LOW 4.34 1/2 LOW 4.34 1/2</u></div>
<div><u> CLOSE 4.39 Down 1/2 CLOSE 4.39 Down 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL19 HI 5.22 3/4 SEP19 HI 5.30 1/4</u></div>
<div><u> LOW 5.16 1/4 LOW 5.25 1/2</u></div>
<div><u> CLOSE 5.20 1/2 Down 1 1/4 CLOSE 5.29 Down 1/2</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 1.52 1.59 1.38 0.86</u></div>
<div><u>CAD $/bu 5.91 5.98 5.77 6.06</u></div>
<div><u>CAD $/tonne 217.13 219.60 212.18 222.82</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 1.36 1.70 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 1.30 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 1.34 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 1.05 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 1.70 2.04 1.57 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.65 N/A N/A N/A 1.65 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.27US 5.75CA 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 1.59 1.92 1.45 1.09</u></div>
<div><u>CAD $/bu 5.98 6.31 5.84 6.38</u></div>
<div><u>CAD $/tonne 219.60 231.97 214.66 234.44</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 452.95</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="LPlnk416306" 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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