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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 30</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3453 up 0.0008</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.73 3/4 DEC17 HI 3.92</u></div>
<div><u> LOW 3.66 1/4 LOW 3.84 3/4</u></div>
<div><u> CLOSE3.67 Down 7 1/4 CLOSE 3.85 3/4 Down 6 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 +JUL17+SEP17+SEP17</u></div>
<div><u>CK Low 0.75 4.42 174.01 0.95 4.81 189.26</u></div>
<div><u>CK High 0.80 4.47 175.98 1.00 4.86 191.23</u></div>
<div><u>CK Avg 0.76 -0.38 4.43 174.34 0.96 -0.28 4.82 189.59</u></div>
<div><u>Essex Cty 0.60 4.27 168.10 1.00 4.86 191.23</u></div>
<div><u>Mdsx Low 0.75 4.42 174.01 0.95 4.81 189.26</u></div>
<div><u>Mdsx High 0.75 4.42 174.01 0.95 4.81 189.26</u></div>
<div><u>Mdsx Avg 0.75 -0.38 4.42 174.01 0.95 -0.28 4.81 189.26</u></div>
<div><u>Hensall 0.78 4.45 174.99 0.95 4.81 189.26</u></div>
<div><u>Bruce 0.75 4.42 174.01 1.00 4.86 191.23</u></div>
<div><u>Putnam 0.75 4.42 174.01 0.95 4.81 189.26</u></div>
<div><u>Burford 0.75 4.42 174.01 0.95 4.81 189.26</u></div>
<div><u>Port Perry 1.00 4.67 183.85 0.95 4.81 189.26</u></div>
<div><u>Norfolk 0.85 4.52 177.94 1.05 4.91 193.20</u></div>
<div><u>Palmerston 0.80 4.47 175.98 1.00 4.86 191.23</u></div>
<div><u>Varna 0.80 4.47 175.98 0.95 4.81 189.26</u></div>
<div><u>Trenton 1.10 4.77 187.79 1.00 4.86 191.23</u></div>
<div><u>Winchester 1.20 4.87 191.72 1.20 5.06 199.10</u></div>
<div><u>North Gower 1.15 4.82 189.76 1.16 5.02 197.53</u></div>
<div><u>Huron FOB 1.15 4.82 189.76 1.00 4.86 191.23</u></div>
<div><u>Kent FOB 1.05 4.72 185.82 0.95 4.81 189.26</u></div>
<div><u>Lamb FOB 1.05 4.72 185.82 0.90 4.76 187.29</u></div>
<div><u>Mdsx FOB 1.00 1.00 0.95N/A 4.67 183.85 0.95 4.81 189.26</u></div>
<div><u>FOB SW Que 1.35 5.02 197.63N/A</u></div>
<div><u>Track 1.28 4.95 194.68N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.20 5.06 199.10</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 1.35 1.10 4.96 195.17</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 4.92 193.69N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A 1.35 5.21 205.01</u></div>
<div><u>London-Ing N/A N/A N/A 1.40 1.20 5.06 199.10</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.20 5.06 199.10</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.60 1.36 5.22 205.40</u></div>
<div><u>W O Feed 1.44 5.11 201.25</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.68 5.35 210.62</u></div>
<div><u>Toledo El. -0.09 3.58 140.77 -0.34 3.52 138.62</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.20 4.87 191.72 0.95 4.81189 1/4</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.97 1/2 4.83 1/4</u></div>
<div><u>HI SD CRN 1.00 4.85 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 1.3453 up 0.0008</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.28 1/2 NOV17 HI 9.31 1/2</u></div>
<div><u> LOW 9.10 1/2 LOW 9.18 1/4</u></div>
<div><u> CLOSE9.12 3/4 Down 13 3/4 CLOSE 9.19 3/4 Down 9 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+NOV17</u></div>
<div><u>CK Low 2.61 11.74 431.282.25 11.45 420.62</u></div>
<div><u>CK High 2.65 11.78 432.752.30 11.50 422.46</u></div>
<div><u>CK Average 2.64 -0.3811.77 432.382.29 -0.6611.49 422.15</u></div>
<div><u>Essex Cty 2.65 11.78 432.752.25 11.45 420.62</u></div>
<div><u>Mdsx Low 2.61 11.74 431.282.30 11.50 422.46</u></div>
<div><u>Mdsx High 2.70 11.83 434.592.35 11.55 424.30</u></div>
<div><u>Mdsx Average 2.66 -0.3711.78 432.932.33 -0.6311.52 423.38</u></div>
<div><u>Hensall 2.70 11.83 434.592.35 11.55 424.30</u></div>
<div><u>Bruce 2.70 11.83 434.592.35 11.55 424.30</u></div>
<div><u>Putnam 2.90 12.03 441.932.60 11.80 433.48</u></div>
<div><u>Burford 2.68 11.81 433.852.37 11.57 425.03</u></div>
<div><u>Port Perry 2.61 11.74 431.282.30 11.50 422.46</u></div>
<div><u>Norfolk 2.68 11.81 433.852.35 11.55 424.30</u></div>
<div><u>Palmerston 2.70 11.83 434.592.35 11.55 424.30</u></div>
<div><u>Varna 2.70 11.83 434.592.35 11.55 424.30</u></div>
<div><u>Trenton 2.70 11.83 434.592.40 11.60 426.14</u></div>
<div><u>Winchester 2.50 11.63 427.242.80 12.00 440.83</u></div>
<div><u>North Gower 2.48 11.61 426.502.65 11.85 435.32</u></div>
<div><u>Huron FOB 2.85 11.98 440.102.40 11.60 426.14</u></div>
<div><u>Kent FOB 2.78 11.91 437.532.30 11.50 422.46</u></div>
<div><u>Lambton FOB 2.75 11.88 436.422.50 11.70 429.81</u></div>
<div><u>Middlesex FOB2.91 2.91 N/A N/A 12.04 442.302.57 11.77 432.38</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.09 3.09 3.01 N/A 12.22 448.922.82 12.02 441.57</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.65 11.78 432.752.78 11.98 440.10</u></div>
<div><u>Sarnia 2.42 11.55 424.302.69 11.89 436.79</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 8.82 324.01-0.57 8.63 317.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3453 up 0.0008</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>JUL17 HI 4.39 1/4 JUL17 HI 4.39 1/4</u></div>
<div><u> LOW 4.26 1/4 LOW 4.26 1/4</u></div>
<div><u> CLOSE 4.29 1/2 Down 8 3/4 CLOSE 4.29 1/2 Down 8 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL17 HI 5.68 3/4 SEP17 HI 5.72 1/4</u></div>
<div><u> LOW 5.61 LOW 5.65 3/4</u></div>
<div><u> CLOSE 5.68 Down 3/4 CLOSE 5.72 Down 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.54 0.54 0.54 0.28</u></div>
<div><u>CAD $/bu 4.84 4.84 4.84 5.96</u></div>
<div><u>CAD $/tonne 177.70 177.70 177.70 218.97</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2016 Harvest 2017</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 0.75 N/A N/A N/A 0.90 N/A</u></div>
<div><u>London 0.84 0.78 0.78 N/A 1.05 0.91 0.87 N/A</u></div>
<div><u>Hensall 0.85 N/A 0.75 N/A 1.05 N/A 0.90 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Bruce 0.85 0.75 0.75 0.45 1.05 0.90 0.90 0.65</u></div>
<div><u>Essex N/A N/A 0.54 N/A N/A N/A 0.64 N/A</u></div>
<div><u>Norwich 0.85 N/A 0.75 N/A 1.05 N/A 0.90 N/A</u></div>
<div><u>Port Hope N/A N/A 0.85 N/A N/A 0.90 1.00 N/A</u></div>
<div><u>Kent Bridge 0.85 N/A 0.75 N/A 1.05 N/A 0.90 N/A</u></div>
<div><u>Chatham N/A N/A 0.80 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Brigden N/A N/A 0.80 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Palmerston N/A 0.75 0.75 0.45 N/A 0.90 0.90 0.65</u></div>
<div><u>Varna 0.90 0.85 0.80 N/A 1.15 0.85 0.85 N/A</u></div>
<div><u>Mitchell 0.85 0.75 0.75 N/A 1.05 0.90 0.90 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.07 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.47 0.47 0.08 N/A 1.16 1.16 0.46</u></div>
<div><u>W O Feed 1.46</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.12 N/A 1.10 N/A 1.27 N/A 1.17 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.35N/A N/A N/A 1.42N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.20US 5.64CA 4.20US 5.64CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.08 1.08 1.08 0.56</u></div>
<div><u>CAD $/bu 5.37 5.37 5.37 6.28</u></div>
<div><u>CAD $/tonne 197.47 197.47 197.47 230.84</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 447.11</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00 - 180.00</u></div>
<div><u><br>
</u></div>
<div><u></u>
<p class="MsoNormal"><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"><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"><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"><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"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
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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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