<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 2</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3493 down 0.0023</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.74 3/4 DEC17 HI 3.93</u></div>
<div><u> LOW 3.69 1/2 LOW 3.88</u></div>
<div><u> CLOSE3.72 3/4 Up 2 1/4 CLOSE 3.91 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 +SEP17+SEP17+DEC17</u></div>
<div><u>CK Low 0.75 4.48 176.27 0.95 4.86 191.33</u></div>
<div><u>CK High 0.80 4.53 178.24 1.00 4.91 193.30</u></div>
<div><u>CK Avg 0.76 -0.40 4.49 176.60 0.96 -0.30 4.87 191.66</u></div>
<div><u>Essex Cty 0.60 4.33 170.37 1.00 4.91 193.30</u></div>
<div><u>Mdsx Low 0.75 4.48 176.27 0.95 4.86 191.33</u></div>
<div><u>Mdsx High 0.75 4.48 176.27 0.95 4.86 191.33</u></div>
<div><u>Mdsx Avg 0.75 -0.41 4.48 176.27 0.95 -0.31 4.86 191.33</u></div>
<div><u>Hensall 0.78 4.50 177.26 0.95 4.86 191.33</u></div>
<div><u>Bruce 0.75 4.48 176.27 1.00 4.91 193.30</u></div>
<div><u>Putnam 0.75 4.48 176.27 0.95 4.86 191.33</u></div>
<div><u>Burford 0.75 4.48 176.27 1.00 4.91 193.30</u></div>
<div><u>Port Perry 1.00 4.73 186.11 1.00 4.91 193.30</u></div>
<div><u>Norfolk 0.85 4.58 180.21 1.05 4.96 195.27</u></div>
<div><u>Palmerston 0.80 4.53 178.24 1.00 4.91 193.30</u></div>
<div><u>Varna 0.80 4.53 178.24 0.95 4.86 191.33</u></div>
<div><u>Trenton 1.10 4.83 190.05 1.00 4.91 193.30</u></div>
<div><u>Winchester 1.20 4.93 193.99 1.20 5.11 201.17</u></div>
<div><u>North Gower 1.18 4.91 193.20 1.17 5.08 199.99</u></div>
<div><u>Huron FOB 1.10 4.83 190.05 1.00 4.91 193.30</u></div>
<div><u>Kent FOB 1.05 4.78 188.08 0.95 4.86 191.33</u></div>
<div><u>Lamb FOB 1.05 4.78 188.08 0.90 4.81 189.36</u></div>
<div><u>Mdsx FOB 1.05 1.05N/A N/A 4.78 188.08 1.00 4.91 193.30</u></div>
<div><u>FOB SW Que 1.35 5.08 199.89N/A</u></div>
<div><u>Track 1.28 5.00 196.94N/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 1.30N/A N/A 4.98 195.96N/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 5.17 203.67</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.71 5.44 214.06</u></div>
<div><u>Toledo El. -0.07 3.66 144.09 -0.34 3.57 140.65</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A 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 1.3493 down 0.0023</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.24 NOV17 HI 9.27 1/2</u></div>
<div><u> LOW 9.10 3/4 LOW 9.16 1/2</u></div>
<div><u> CLOSE9.21 1/4 Up 9 CLOSE 9.25 Up 7 1/4</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+NOV1+NOV17</u></div>
<div><u>CK Low 2.65 11.86 435.872.25 11.50 422.55</u></div>
<div><u>CK High 2.70 11.91 437.712.35 11.60 426.23</u></div>
<div><u>CK Average 2.67 -0.4011.89 436.732.32 -0.6711.57 425.19</u></div>
<div><u>Essex Cty 2.65 11.86 435.872.25 11.50 422.55</u></div>
<div><u>Mdsx Low 2.66 11.87 436.242.33 11.58 425.49</u></div>
<div><u>Mdsx High 2.75 11.96 439.552.40 11.65 428.06</u></div>
<div><u>Mdsx Average 2.71 -0.3811.92 437.892.37 -0.6411.62 426.78</u></div>
<div><u>Hensall 2.73 11.94 438.632.38 11.63 427.15</u></div>
<div><u>Bruce 2.75 11.96 439.552.40 11.65 428.06</u></div>
<div><u>Putnam 2.75 11.96 439.552.40 11.65 428.06</u></div>
<div><u>Burford 2.73 11.94 438.812.40 11.65 428.06</u></div>
<div><u>Port Perry 2.66 11.87 436.242.33 11.58 425.49</u></div>
<div><u>Norfolk 2.73 11.94 438.812.40 11.65 428.06</u></div>
<div><u>Palmerston 2.70 11.91 437.712.35 11.60 426.23</u></div>
<div><u>Varna 2.70 11.91 437.712.35 11.60 426.23</u></div>
<div><u>Trenton 2.75 11.96 439.552.40 11.65 428.06</u></div>
<div><u>Winchester 2.64 11.85 435.502.70 11.95 439.09</u></div>
<div><u>North Gower 2.52 11.73 431.102.63 11.88 436.52</u></div>
<div><u>Huron FOB 2.82 12.03 442.122.45 11.70 429.90</u></div>
<div><u>Kent FOB 2.83 12.04 442.492.35 11.60 426.23</u></div>
<div><u>Lambton FOB 2.80 12.01 441.382.55 11.80 433.58</u></div>
<div><u>Middlesex FOB2.90 2.90 N/A N/A 12.11 445.062.55 11.80 433.58</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.17 3.10 N/A N/A 12.38 454.982.90 12.15 446.44</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.65 11.86 435.872.79 12.04 442.39</u></div>
<div><u>Sarnia 2.41 11.62 427.052.68 11.93 438.35</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.27 8.94 328.59-0.57 8.68 319.06</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3493 down 0.0023</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>JUL17 HI 4.34 JUL17 HI 4.34</u></div>
<div><u> LOW 4.26 1/2 LOW 4.26 1/2</u></div>
<div><u> CLOSE 4.29 1/2 Up 1/2 CLOSE 4.29 1/2 Up 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL17 HI 5.90 SEP17 HI 5.92 1/4</u></div>
<div><u> LOW 5.77 1/4 LOW 5.81</u></div>
<div><u> CLOSE 5.83 3/4 Up 5 CLOSE 5.87 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 0.35</u></div>
<div><u>CAD $/bu 4.85 4.85 4.85 6.19</u></div>
<div><u>CAD $/tonne 178.23 178.23 178.23 227.43</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 0.80 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 N/A 0.75 0.45 1.05 0.90 0.90 0.65</u></div>
<div><u>Essex N/A N/A 0.56 N/A N/A N/A 0.75 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 -0.09 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.46 0.46 0.15 N/A 1.14 1.14 0.53</u></div>
<div><u>W O Feed 1.46</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.25 N/A 1.15 N/A 1.39 N/A 1.29 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 1.43N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.20US 5.66CA 4.20US 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 0.63</u></div>
<div><u>CAD $/bu 5.39 5.39 5.39 6.50</u></div>
<div><u>CAD $/tonne 198.06 198.06 198.06 238.96</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 448.54</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;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><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);"> to
unsubscribe from this report.</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<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>
<u></u><br>
</div>
<u><br>
</u>
<p></p>
<p><u><br>
</u></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size: 12pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: Calibri, Arial, Helvetica, sans-serif, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<p></p>
<div><u><br>
</u></div>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>