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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 31</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3506 up 0.0053</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.76 1/2 DEC17 HI 3.94 3/4</u></div>
<div><u> LOW 3.69 LOW 3.88</u></div>
<div><u> CLOSE3.72 Up 5 CLOSE 3.91 Up 5 1/4</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 +SEP17+SEP17+DEC17</u></div>
<div><u>CK Low 0.75 4.47 175.98 0.95 4.86 191.33</u></div>
<div><u>CK High 0.80 4.52 177.94 1.00 4.91 193.30</u></div>
<div><u>CK Avg 0.76 -0.40 4.48 176.30 0.96 -0.31 4.87 191.66</u></div>
<div><u>Essex Cty 0.60 4.32 170.07 1.00 4.91 193.30</u></div>
<div><u>Mdsx Low 0.75 4.47 175.98 0.95 4.86 191.33</u></div>
<div><u>Mdsx High 0.75 4.47 175.98 0.95 4.86 191.33</u></div>
<div><u>Mdsx Avg 0.75 -0.41 4.47 175.98 0.95 -0.31 4.86 191.33</u></div>
<div><u>Hensall 0.78 4.50 176.96 0.95 4.86 191.33</u></div>
<div><u>Bruce 0.75 4.47 175.98 1.00 4.91 193.30</u></div>
<div><u>Putnam 0.75 4.47 175.98 0.95 4.86 191.33</u></div>
<div><u>Burford 0.75 4.47 175.98 1.00 4.91 193.30</u></div>
<div><u>Port Perry 1.00 4.72 185.82 1.00 4.91 193.30</u></div>
<div><u>Norfolk 0.85 4.57 179.91 1.05 4.96 195.27</u></div>
<div><u>Palmerston 0.80 4.52 177.94 1.00 4.91 193.30</u></div>
<div><u>Varna 0.80 4.52 177.94 0.95 4.86 191.33</u></div>
<div><u>Trenton 1.10 4.82 189.76 1.00 4.91 193.30</u></div>
<div><u>Winchester 1.20 4.92 193.69 1.20 5.11 201.17</u></div>
<div><u>North Gower 1.18 4.90 192.90 1.17 5.08 199.99</u></div>
<div><u>Huron FOB 1.15 4.87 191.72 1.00 4.91 193.30</u></div>
<div><u>Kent FOB 1.05 4.77 187.79 0.95 4.86 191.33</u></div>
<div><u>Lamb FOB 1.05 4.77 187.79 0.90 4.81 189.36</u></div>
<div><u>Mdsx FOB 1.00 1.00 0.95N/A 4.72 185.82 0.95 4.86 191.33</u></div>
<div><u>FOB SW Que 1.35 5.07 199.60N/A</u></div>
<div><u>Track 1.28 5.00 196.64N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.35 1.15 5.06 199.20</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 1.35 1.40 1.10 5.01 197.23</u></div>
<div><u>Sarn-Eth 1.25 1.25 1.25 1.30 4.97 195.66N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A 1.35 5.26 207.08</u></div>
<div><u>London-Ing N/A N/A 1.40 1.45 1.20 5.11 201.17</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.20 5.11 201.17</u></div>
<div><u>Cardnl-Ing N/A N/A 1.60 1.65 1.36 5.27 207.47</u></div>
<div><u>W O Feed 1.45 5.17 203.38</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.71 5.43 213.77</u></div>
<div><u>Toledo El. -0.07 3.65 143.79 -0.34 3.57 140.64</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.20 4.92 193.69 0.95 4.86191 1/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.97 1/2 4.88 1/2</u></div>
<div><u>HI SD CRN 1.00 4.91</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3506 up 0.0053</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.20 1/2 NOV17 HI 9.25 1/4</u></div>
<div><u> LOW 9.09 1/2 LOW 9.15 1/2</u></div>
<div><u> CLOSE9.16 Up 3 1/4 CLOSE 9.18 1/4 Down 1 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+NOV1+NOV17</u></div>
<div><u>CK Low 2.61 11.77 432.472.25 11.43 420.07</u></div>
<div><u>CK High 2.65 11.81 433.942.30 11.48 421.91</u></div>
<div><u>CK Average 2.64 -0.4211.80 433.582.29 -0.6911.47 421.42</u></div>
<div><u>Essex Cty 2.65 11.81 433.942.25 11.43 420.07</u></div>
<div><u>Mdsx Low 2.61 11.77 432.472.27 11.45 420.81</u></div>
<div><u>Mdsx High 2.70 11.86 435.782.35 11.53 423.75</u></div>
<div><u>Mdsx Average 2.66 -0.4111.82 434.132.31 -0.6711.49 422.28</u></div>
<div><u>Hensall 2.70 11.86 435.782.35 11.53 423.75</u></div>
<div><u>Bruce 2.70 11.86 435.782.35 11.53 423.75</u></div>
<div><u>Putnam 2.90 12.06 443.132.60 11.78 432.93</u></div>
<div><u>Burford 2.68 11.84 435.052.39 11.57 425.22</u></div>
<div><u>Port Perry 2.61 11.77 432.472.27 11.45 420.81</u></div>
<div><u>Norfolk 2.68 11.84 435.052.35 11.53 423.75</u></div>
<div><u>Palmerston 2.70 11.86 435.782.35 11.53 423.75</u></div>
<div><u>Varna 2.70 11.86 435.782.35 11.53 423.75</u></div>
<div><u>Trenton 2.70 11.86 435.782.40 11.58 425.58</u></div>
<div><u>Winchester 2.58 11.74 431.372.80 11.98 440.28</u></div>
<div><u>North Gower 2.48 11.64 427.702.67 11.85 435.50</u></div>
<div><u>Huron FOB 2.85 12.01 441.292.40 11.58 425.58</u></div>
<div><u>Kent FOB 2.78 11.94 438.722.30 11.48 421.91</u></div>
<div><u>Lambton FOB 2.75 11.91 437.622.50 11.68 429.26</u></div>
<div><u>Middlesex FOB2.85 2.85 N/A N/A 12.01 441.292.50 11.68 429.26</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.13 3.05 N/A N/A 12.29 451.582.85 12.03 442.12</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.65 11.81 433.942.78 11.96 439.55</u></div>
<div><u>Sarnia 2.42 11.58 425.492.69 11.87 436.24</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.31 8.85 325.16-0.57 8.62 316.56</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3506 up 0.0053</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL17 HI 4.36 1/4 JUL17 HI 4.36 1/4</u></div>
<div><u> LOW 4.28 1/4 LOW 4.28 1/4</u></div>
<div><u> CLOSE 4.29 1/4 Down 1/4 CLOSE 4.29 1/4 Down 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL17 HI 5.74 SEP17 HI 5.78 1/4</u></div>
<div><u> LOW 5.69 LOW 5.73</u></div>
<div><u> CLOSE 5.72 Up 4 CLOSE 5.76 1/2 Up 4 1/2</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 0.56 0.56 0.56 0.32</u></div>
<div><u>CAD $/bu 4.85 4.85 4.85 6.04</u></div>
<div><u>CAD $/tonne 178.28 178.28 178.28 221.83</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 0.83 0.77 0.77 N/A 1.04 0.90 0.86 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 0.01 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.44 0.44 0.08 N/A 1.13 1.13 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 1.37N/A N/A N/A 1.44N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.19US 5.66CA 4.19US 5.66CA</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 1.10 1.10 1.10 0.60</u></div>
<div><u>CAD $/bu 5.39 5.39 5.39 6.37</u></div>
<div><u>CAD $/tonne 198.14 198.14 198.14 233.99</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 447.66</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00 - 180.00</u></div>
<div><u><br>
</u></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;
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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