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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 21</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2802 down 0.0072</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.07 1/2 DEC18 HI 4.24 3/4</u></div>
<div><u> LOW 4.01 1/4 LOW 4.19</u></div>
<div><u> CLOSE4.02 3/4 Up 1/4 CLOSE 4.21 Up 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 +JUL18+SEP18+SEP18</u></div>
<div><u>CK Low 0.75 4.78 188.08 0.75 4.96 195.27</u></div>
<div><u>CK High 0.85 4.88 192.02 0.80 5.01 197.23</u></div>
<div><u>CK Avg 0.83 -0.24 4.85 191.03 0.76 -0.33 4.97 195.59</u></div>
<div><u>Essex Cty 0.85 4.88 192.02 0.75 4.96 195.27</u></div>
<div><u>Mdsx Low 0.85 4.88 192.02 0.75 4.96 195.27</u></div>
<div><u>Mdsx High 0.85 4.88 192.02 0.75 4.96 195.27</u></div>
<div><u>Mdsx Avg 0.85 -0.22 4.88 192.02 0.75 -0.34 4.96 195.27</u></div>
<div><u>Hensall 0.85 4.88 192.02 0.75 4.96 195.27</u></div>
<div><u>Bruce 0.85 4.88 192.02 0.75 4.96 195.27</u></div>
<div><u>Putnam 0.85 4.88 192.02 0.75 4.96 195.27</u></div>
<div><u>Burford 0.85 4.88 192.02 0.80 5.01 197.23</u></div>
<div><u>Port Perry 0.85 4.88 192.02 0.80 5.01 197.23</u></div>
<div><u>Norfolk 0.85 4.88 192.02 0.75 4.96 195.27</u></div>
<div><u>Palmerston 0.75 4.78 188.08 0.75 4.96 195.27</u></div>
<div><u>Varna 0.85 4.88 192.02 0.75 4.96 195.27</u></div>
<div><u>Trenton 0.85 4.88 192.02 0.90 5.11 201.17</u></div>
<div><u>Winchester 1.05 5.08 199.89 1.10 5.31 209.05</u></div>
<div><u>North Gower 0.94 4.97 195.56 1.00 5.21 205.11</u></div>
<div><u>Huron FOB 1.04 5.07 199.50 0.85 5.06 199.20</u></div>
<div><u>Kent FOB 1.05 5.08 199.89 0.80 5.01 197.23</u></div>
<div><u>Lamb FOB 1.00 5.03 197.92 0.80 5.01 197.23</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.93 193.99 0.80 5.01 197.23</u></div>
<div><u>FOB SW Que 1.38 5.41 212.88N/A</u></div>
<div><u>Track 1.30 5.33 209.73N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.26 0.98 5.19 204.32</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 1.20 1.20 1.25 1.00 5.21 205.11</u></div>
<div><u>Sarn-Eth N/A 1.15 1.20 1.25 N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A 1.25N/A 1.30 1.00 5.21 205.11</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 1.10 5.31 209.05</u></div>
<div><u>W O Feed 1.43 5.45 214.69</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.55 5.58 219.58</u></div>
<div><u>Toledo El. -0.06 3.96 156.04 -0.26 3.95 155.66</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.98 1/2</u></div>
<div><u>HI SD CRN 0.80 5.01</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2802 down 0.0072</u></div>
<div><u>Chicago soybeans closed moderately higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.27 NOV18 HI 10.34 1/2</u></div>
<div><u> LOW 10.11 1/2 LOW 10.20 3/4</u></div>
<div><u> CLOSE10.25 1/4 Up 26 3/4 CLOSE 10.33 3/4 Up 25 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+SEP18</u></div>
<div><u>CK Low 2.35 12.60 463.062.38 12.72 467.29</u></div>
<div><u>CK High 2.40 12.65 464.902.40 12.74 468.02</u></div>
<div><u>CK Average 2.38 -0.3812.63 464.232.40 -0.3912.73 467.90</u></div>
<div><u>Essex Cty 2.30 12.55 461.232.35 12.69 466.19</u></div>
<div><u>Mdsx Low 2.39 12.64 464.532.38 12.72 467.29</u></div>
<div><u>Mdsx High 2.40 12.65 464.902.45 12.79 469.86</u></div>
<div><u>Mdsx Average 2.40 -0.3712.65 464.722.42 -0.3812.75 468.57</u></div>
<div><u>Hensall 2.40 12.65 464.902.45 12.79 469.86</u></div>
<div><u>Bruce 2.40 12.65 464.902.40 12.74 468.02</u></div>
<div><u>Putnam 2.40 12.65 464.902.45 12.79 469.86</u></div>
<div><u>Burford 2.46 12.71 467.102.45 12.79 469.86</u></div>
<div><u>Port Perry 2.36 12.61 463.432.35 12.69 466.19</u></div>
<div><u>Norfolk 2.35 12.60 463.062.45 12.79 469.86</u></div>
<div><u>Palmerston 2.40 12.65 464.902.50 12.84 471.70</u></div>
<div><u>Varna 2.40 12.65 464.902.45 12.79 469.86</u></div>
<div><u>Trenton 2.30 12.55 461.232.35 12.69 466.19</u></div>
<div><u>Winchester 2.17 12.42 456.452.30 12.64 464.35</u></div>
<div><u>North Gower 2.18 12.43 456.822.25 12.59 462.51</u></div>
<div><u>Huron FOB 2.50 12.75 468.572.55 12.89 473.53</u></div>
<div><u>Kent FOB 2.50 12.75 468.572.40 12.74 468.02</u></div>
<div><u>Lambton FOB 2.55 12.80 470.412.55 12.89 473.53</u></div>
<div><u>Middlesex FOB2.56 2.63 2.63 N/A 12.81 470.782.49 12.83 471.33</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.88 13.13 482.542.84 13.18 484.19</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 13.14 482.72</u></div>
<div><u>Prescott 2.23 12.48 458.652.75 13.09 480.88</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 10.00 367.31-0.32 10.02 368.08</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2802 down 0.0072</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>JUL18 HI 5.25 1/2 JUL18 HI 5.25 1/2</u></div>
<div><u> LOW 5.04 1/4 LOW 5.04 1/4</u></div>
<div><u> CLOSE 5.07 1/4 Down 11 CLOSE 5.07 1/4 Down 11</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>JUL18 HI 6.33 3/4 SEP18 HI 6.38 1/2</u></div>
<div><u> LOW 6.18 1/4 LOW 6.25</u></div>
<div><u> CLOSE 6.21 3/4 Down 7 1/4 CLOSE 6.28 1/2 Down 4 3/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.32 1.26 1.06 0.33</u></div>
<div><u>CAD $/bu 6.39 6.33 6.14 6.55</u></div>
<div><u>CAD $/tonne 234.85 232.50 225.44 240.73</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2017 Harvest 2018</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 0.95 N/A</u></div>
<div><u>London 1.13 1.33 0.87 N/A 1.20 1.20 1.00 N/A</u></div>
<div><u>Hensall 1.05 N/A 0.80 N/A 1.10 N/A 0.95 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.95 N/A</u></div>
<div><u>Bruce 1.05 1.05 0.80 N/A 1.10 1.15 0.95 0.50</u></div>
<div><u>Essex N/A N/A 0.92 N/A N/A N/A 1.03 N/A</u></div>
<div><u>Norwich 1.05 N/A 0.80 N/A 1.10 N/A 0.95 N/A</u></div>
<div><u>Port Hope N/A N/A 0.80 N/A N/A 1.00 1.00 N/A</u></div>
<div><u>Kent Bridge 1.05 N/A 0.80 N/A 1.10 N/A 0.95 N/A</u></div>
<div><u>Chatham N/A N/A 0.85 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 0.85 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A 1.00 0.90 0.35 N/A 1.05 0.95 0.55</u></div>
<div><u>Varna 1.15 1.05 0.85 N/A 1.15 1.15 0.95 N/A</u></div>
<div><u>Mitchell 1.05 1.05 0.80 N/A 1.10 1.15 0.95 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.40 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.03 0.93 0.11 N/A 1.32 1.26 0.28</u></div>
<div><u>W O Feed 1.50</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.61 N/A N/A N/A 1.61 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.17US 6.62CA 5.17US 6.62CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract 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 1.29 1.23 1.17 0.35</u></div>
<div><u>CAD $/bu 6.37 6.30 6.24 6.64</u></div>
<div><u>CAD $/tonne 233.91 231.56 229.21 243.91</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 573.32</u></div>
<div><u>DDG's FOB Srn & Aylm 260.00 - 265.00</u></div>
<div><u><br>
</u></div>
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<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
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