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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 9</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3452 down 0.0009</u></div>
<div><u>Chicago corn closed lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 3.63 DEC19 HI 3.81</u></div>
<div><u> LOW 3.52 1/2 LOW 3.71 3/4</u></div>
<div><u> CLOSE3.53 1/4 Down 11 CLOSE 3.72 3/4 Down 9 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 4.53 178.44 0.85 4.58 180.21</u></div>
<div><u>CK High 1.05 4.58 180.41 0.90 4.63 182.18</u></div>
<div><u>CK Avg 1.02 -0.15 4.55 179.09 0.87 -0.31 4.59 180.86</u></div>
<div><u>Essex Cty 1.05 4.58 180.41 0.85 4.58 180.21</u></div>
<div><u>Mdsx Low 1.00 4.53 178.44 0.85 4.58 180.21</u></div>
<div><u>Mdsx High 1.05 4.58 180.41 0.90 4.63 182.18</u></div>
<div><u>Mdsx Avg 1.03 -0.14 4.56 179.42 0.88 -0.31 4.60 181.19</u></div>
<div><u>Hensall 1.05 4.58 180.41 0.93 4.65 183.16</u></div>
<div><u>Bruce 1.00 4.53 178.44 0.90 4.63 182.18</u></div>
<div><u>Putnam 1.00 4.53 178.44 0.85 4.58 180.21</u></div>
<div><u>Burford 1.05 4.58 180.41 0.85 4.58 180.21</u></div>
<div><u>Port Perry 1.05 4.58 180.41 0.85 4.58 180.21</u></div>
<div><u>Norfolk 1.05 4.58 180.41 0.85 4.58 180.21</u></div>
<div><u>Palmerston 1.00 4.53 178.44 0.90 4.63 182.18</u></div>
<div><u>Varna 1.05 4.58 180.41 0.90 4.63 182.18</u></div>
<div><u>Trenton 0.95 4.48 176.47 0.90 4.63 182.18</u></div>
<div><u>Winchester 1.11 4.64 182.77 1.20 4.93 193.99</u></div>
<div><u>North Gower 1.10 4.63 182.37 1.18 4.91 193.20</u></div>
<div><u>Huron FOB 1.35 4.88 192.22 0.95 4.68 184.15</u></div>
<div><u>Kent FOB 1.37 4.90 193.00 0.85 4.58 180.21</u></div>
<div><u>Lamb FOB 1.46 4.99 196.55 0.95 4.68 184.15</u></div>
<div><u>Mdsx FOB 1.40 1.35 1.45 1.45 4.93 194.18 0.95 4.68 184.15</u></div>
<div><u>FOB SW Que 1.91 5.44 214.26 1.33 5.06 199.10</u></div>
<div><u>Track 1.55 5.08 200.09N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.66 1.70 1.06 4.79 188.48</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 5.13 202.06 1.05 4.78 188.08</u></div>
<div><u>Sarn-Eth 1.50 1.50N/A N/A 5.03 198.12N/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 4.93 193.99</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 5.08 199.89</u></div>
<div><u>W O Feed 1.72 5.25 206.62</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.84 5.37 211.51</u></div>
<div><u>Toledo El. -0.09 3.44 135.36 -0.27 3.46 136.15</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 4.88192</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.60 1/4</u></div>
<div><u>HI SD CRN 0.90 4.62 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 1.3452 down 0.0009</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.26 1/2 NOV19 HI 8.49 3/4</u></div>
<div><u> LOW 8.06 1/2 LOW 8.30</u></div>
<div><u> CLOSE8.12 3/4 Down 14 1/2 CLOSE 8.35 3/4 Down 14 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 1.86 9.99 366.981.95 10.31 378.74</u></div>
<div><u>CK High 1.95 10.08 370.282.00 10.36 380.57</u></div>
<div><u>CK Average 1.91 -0.6710.04 368.811.97 -0.6810.33 379.47</u></div>
<div><u>Essex Cty 1.90 10.03 368.451.95 10.31 378.74</u></div>
<div><u>Mdsx Low 1.84 9.97 366.241.95 10.31 378.74</u></div>
<div><u>Mdsx High 1.90 10.03 368.451.95 10.31 378.74</u></div>
<div><u>Mdsx Average 1.87 -0.7010.00 367.351.95 -0.6910.31 378.74</u></div>
<div><u>Hensall 1.90 10.03 368.451.95 10.31 378.74</u></div>
<div><u>Bruce 1.90 10.03 368.451.95 10.31 378.74</u></div>
<div><u>Putnam 1.90 10.03 368.451.95 10.31 378.74</u></div>
<div><u>Burford 1.89 10.02 368.082.00 10.36 380.57</u></div>
<div><u>Port Perry 1.86 9.99 366.981.97 10.33 379.47</u></div>
<div><u>Norfolk 1.90 10.03 368.451.95 10.31 378.74</u></div>
<div><u>Palmerston 1.95 10.08 370.281.95 10.31 378.74</u></div>
<div><u>Varna 1.90 10.03 368.451.95 10.31 378.74</u></div>
<div><u>Trenton 1.90 10.03 368.451.95 10.31 378.74</u></div>
<div><u>Winchester 1.83 9.96 365.881.92 10.28 377.63</u></div>
<div><u>North Gower 1.99 10.12 371.752.10 10.46 384.25</u></div>
<div><u>Huron FOB 2.00 10.13 372.122.05 10.41 382.41</u></div>
<div><u>Kent FOB 2.10 10.23 375.801.95 10.31 378.74</u></div>
<div><u>Lambton FOB 2.00 10.13 372.122.10 10.46 384.25</u></div>
<div><u>Middlesex FOB2.00 2.06 2.20 N/A 10.13 372.122.05 10.41 382.41</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.35 10.48 384.982.22 10.58 388.66</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.35 10.48 384.982.40 10.76 395.27</u></div>
<div><u>Prescott N/A 2.35 10.71 393.43</u></div>
<div><u>Port Colborne N/A 2.30 10.66 391.60</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.61 7.52 276.39-0.74 7.62 279.90</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3452 down 0.0009</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>JUL19 HI 4.38 JUL19 HI 4.38</u></div>
<div><u> LOW 4.28 LOW 4.28</u></div>
<div><u> CLOSE 4.29 1/2 Down 9 1/2 CLOSE 4.29 1/2 Down 9 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</u></div>
<div><u> LOW 5.13 1/2 LOW 5.22</u></div>
<div><u> CLOSE 5.17 1/4 Down 3 1/4 CLOSE 5.25 3/4 Down 3 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 1.48 1.55 1.35 0.84</u></div>
<div><u>CAD $/bu 5.78 5.84 5.64 6.02</u></div>
<div><u>CAD $/tonne 212.29 214.76 207.34 221.06</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 1.70 1.23 N/A 1.35 1.68 1.28 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 0.96 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 1.62 N/A N/A N/A 1.62 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.18US 5.62CA 4.18US 5.62CA</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 1.55 1.89 1.42 1.07</u></div>
<div><u>CAD $/bu 5.84 6.18 5.71 6.33</u></div>
<div><u>CAD $/tonne 214.76 227.12 209.82 232.68</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 453.17</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<u></u>
<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="LPlnk179704" 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>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530" style="" id="LPlnk166016" class="OWAAutoLink" previewremoved="true"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1530</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);"><br>
<br>
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
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