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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 17</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3433 down 0.0023</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 3.84 3/4 DEC19 HI 4.00</u></div>
<div><u> LOW 3.80 LOW 3.97 1/4</u></div>
<div><u> CLOSE3.83 1/4 Up 4 1/4 CLOSE 3.98 1/4 Up 1 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 1.10 4.93 194.18 0.90 4.88 192.22</u></div>
<div><u>CK High 1.10 4.93 194.18 0.90 4.88 192.22</u></div>
<div><u>CK Avg 1.10 -0.16 4.93 194.18 0.90 -0.35 4.88 192.22</u></div>
<div><u>Essex Cty 1.10 4.93 194.18 0.90 4.88 192.22</u></div>
<div><u>Mdsx Low 1.10 4.93 194.18 0.90 4.88 192.22</u></div>
<div><u>Mdsx High 1.10 4.93 194.18 0.90 4.88 192.22</u></div>
<div><u>Mdsx Avg 1.10 -0.16 4.93 194.18 0.90 -0.35 4.88 192.22</u></div>
<div><u>Hensall 1.13 4.96 195.17 0.95 4.93 194.18</u></div>
<div><u>Bruce 1.10 4.93 194.18 0.90 4.88 192.22</u></div>
<div><u>Putnam 1.10 4.93 194.18 0.90 4.88 192.22</u></div>
<div><u>Burford 1.10 4.93 194.18 0.90 4.88 192.22</u></div>
<div><u>Port Perry 1.10 4.93 194.18 0.90 4.88 192.22</u></div>
<div><u>Norfolk 1.10 4.93 194.18 0.90 4.88 192.22</u></div>
<div><u>Palmerston 1.10 4.93 194.18 0.95 4.93 194.18</u></div>
<div><u>Varna 1.05 4.88 192.22 0.90 4.88 192.22</u></div>
<div><u>Trenton 1.05 4.88 192.22 0.90 4.88 192.22</u></div>
<div><u>Winchester 1.11 4.94 194.58 1.20 5.18 204.03</u></div>
<div><u>North Gower 1.10 4.93 194.18 1.18 5.16 203.24</u></div>
<div><u>Huron FOB 1.53 5.36 211.11 0.98 4.96 195.36</u></div>
<div><u>Kent FOB 1.40 5.23 205.99 0.90 4.88 192.22</u></div>
<div><u>Lamb FOB 1.50 5.33 209.93 1.03 5.01 197.33</u></div>
<div><u>Mdsx FOB 1.40 1.35 1.45 1.45 5.23 205.99 0.95 4.93 194.18</u></div>
<div><u>FOB SW Que 1.89 5.72 225.28 1.38 5.36 211.11</u></div>
<div><u>Track 1.55 5.38 211.90N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.75 1.79 1.14 5.12 201.66</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Sarn-Eth 1.50 1.50N/A N/A 5.33 209.93N/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 5.18 204.03</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 5.33 209.93</u></div>
<div><u>W O Feed 1.73 5.56 218.99</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.99 5.82 229.22</u></div>
<div><u>Toledo El. -0.05 3.78 148.76 -0.27 3.71 146.21</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 5.13202</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.90 4.88 1/4</u></div>
<div><u>HI SD CRN 0.90 4.88 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 1.3433 down 0.0023</u></div>
<div><u>Chicago soybeans closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.41 3/4 NOV19 HI 8.66 1/2</u></div>
<div><u> LOW 8.20 1/2 LOW 8.46</u></div>
<div><u> CLOSE8.21 3/4 Down 18 CLOSE 8.47 1/4 Down 17 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 1.97 10.19 374.332.00 10.47 384.80</u></div>
<div><u>CK High 2.05 10.27 377.272.01 10.48 385.17</u></div>
<div><u>CK Average 2.04 -0.5810.25 376.782.00 -0.6810.47 384.86</u></div>
<div><u>Essex Cty 2.05 10.27 377.272.00 10.47 384.80</u></div>
<div><u>Mdsx Low 1.92 10.14 372.491.96 10.43 383.33</u></div>
<div><u>Mdsx High 2.05 10.27 377.272.00 10.47 384.80</u></div>
<div><u>Mdsx Average 1.99 -0.6210.20 374.881.98 -0.6910.45 384.06</u></div>
<div><u>Hensall 2.05 10.27 377.272.00 10.47 384.80</u></div>
<div><u>Bruce 2.05 10.27 377.272.00 10.47 384.80</u></div>
<div><u>Putnam 2.05 10.27 377.272.00 10.47 384.80</u></div>
<div><u>Burford 1.97 10.19 374.332.01 10.48 385.17</u></div>
<div><u>Port Perry 1.94 10.16 373.221.98 10.45 384.06</u></div>
<div><u>Norfolk 2.05 10.27 377.272.00 10.47 384.80</u></div>
<div><u>Palmerston 1.95 10.17 373.591.95 10.42 382.96</u></div>
<div><u>Varna 2.00 10.22 375.431.95 10.42 382.96</u></div>
<div><u>Trenton 2.00 10.22 375.432.00 10.47 384.80</u></div>
<div><u>Winchester N/A 2.00 10.47 384.80</u></div>
<div><u>North Gower 1.99 10.21 375.061.99 10.46 384.43</u></div>
<div><u>Huron FOB 2.15 10.37 380.942.10 10.57 388.47</u></div>
<div><u>Kent FOB 2.25 10.47 384.612.10 10.57 388.47</u></div>
<div><u>Lambton FOB 2.25 10.47 384.612.15 10.62 390.31</u></div>
<div><u>Middlesex FOB2.17 2.24 2.31 N/A 10.39 381.682.01 10.48 385.17</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.35 10.57 388.292.24 10.71 393.62</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.45 10.67 391.962.40 10.87 399.50</u></div>
<div><u>Prescott N/A 2.30 10.77 395.82</u></div>
<div><u>Port Colborne N/A 2.38 10.85 398.76</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 7.61 279.73-0.74 7.73 284.16</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3433 down 0.0023</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL19 HI 4.73 1/4 JUL19 HI 4.73 1/4</u></div>
<div><u> LOW 4.62 1/2 LOW 4.62 1/2</u></div>
<div><u> CLOSE 4.65 Down 2 CLOSE 4.65 Down 2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL19 HI 5.43 3/4 SEP19 HI 5.53</u></div>
<div><u> LOW 5.25 3/4 LOW 5.34 3/4</u></div>
<div><u> CLOSE 5.27 3/4 Up 1 CLOSE 5.36 3/4 Up 1</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 1.60 1.66 1.46 0.87</u></div>
<div><u>CAD $/bu 6.25 6.31 6.11 6.15</u></div>
<div><u>CAD $/tonne 229.51 231.98 224.57 225.93</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 1.44 1.85 1.37 N/A 1.49 1.83 1.42 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 1.25 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 1.25 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Brigden N/A N/A 1.25 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Palmerston N/A 1.85 1.45 1.10 N/A 1.81 1.41 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 1.36 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.42 1.20 0.70 N/A 1.81 1.36 0.85</u></div>
<div><u>W O Feed 1.90</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.84 2.18 1.71 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.60 N/A N/A N/A 1.60 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.53US 6.09CA 4.53US 6.09CA</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 1.66 2.00 1.53 1.10</u></div>
<div><u>CAD $/bu 6.31 6.65 6.18 6.47</u></div>
<div><u>CAD $/tonne 231.98 244.32 227.04 237.78</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 458.90</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="LPlnk979491" 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="LPlnk153681" 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>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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