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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 29</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3022 up 0.0019</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 4.10 DEC18 HI 4.28 3/4</u></div>
<div><u> LOW 3.97 1/2 LOW 4.16 1/2</u></div>
<div><u> CLOSE4.00 Down 6 CLOSE 4.19 Down 6</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 0.85 4.85 190.94 0.75 4.94 194.48</u></div>
<div><u>CK High 0.90 4.90 192.90 0.80 4.99 196.45</u></div>
<div><u>CK Avg 0.87 -0.26 4.87 191.59 0.76 -0.39 4.95 194.81</u></div>
<div><u>Essex Cty 0.90 4.90 192.90 0.75 4.94 194.48</u></div>
<div><u>Mdsx Low 0.85 4.85 190.94 0.75 4.94 194.48</u></div>
<div><u>Mdsx High 0.90 4.90 192.90 0.75 4.94 194.48</u></div>
<div><u>Mdsx Avg 0.88 -0.26 4.88 191.92 0.75 -0.40 4.94 194.48</u></div>
<div><u>Hensall 0.85 4.85 190.94 0.75 4.94 194.48</u></div>
<div><u>Bruce 0.85 4.85 190.94 0.75 4.94 194.48</u></div>
<div><u>Putnam 0.90 4.90 192.90 0.75 4.94 194.48</u></div>
<div><u>Burford 0.90 4.90 192.90 0.80 4.99 196.45</u></div>
<div><u>Port Perry 0.90 4.90 192.90 0.85 5.04 198.42</u></div>
<div><u>Norfolk 0.90 4.90 192.90 0.75 4.94 194.48</u></div>
<div><u>Palmerston 0.85 4.85 190.94 0.75 4.94 194.48</u></div>
<div><u>Varna 0.85 4.85 190.94 0.75 4.94 194.48</u></div>
<div><u>Trenton 0.85 4.85 190.94 0.90 5.09 200.38</u></div>
<div><u>Winchester 1.05 5.05 198.81 1.05 5.24 206.29</u></div>
<div><u>North Gower 1.00 5.00 196.84 1.15 5.34 210.23</u></div>
<div><u>Huron FOB 1.05 5.05 198.81 0.80 4.99 196.45</u></div>
<div><u>Kent FOB 1.10 5.10 200.78 0.80 4.99 196.45</u></div>
<div><u>Lamb FOB 1.10 5.10 200.78 0.80 4.99 196.45</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.90 192.90 0.80 4.99 196.45</u></div>
<div><u>FOB SW Que 1.36 5.36 211.01N/A</u></div>
<div><u>Track 1.30 5.30 208.65N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.27 1.13 5.32 209.44</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 1.25 1.00 5.19 204.32</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 N/A N/A 1.30 1.05 5.24 206.29</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 1.20 5.39 212.19</u></div>
<div><u>W O Feed 1.48 5.48 215.82</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.59 5.59 220.07</u></div>
<div><u>Toledo El. -0.07 3.93 154.91 -0.26 3.93 154.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.96 1/2</u></div>
<div><u>HI SD CRN 0.80 4.99</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3022 up 0.0019</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.49 1/2 NOV18 HI 10.60 1/2</u></div>
<div><u> LOW 10.28 LOW 10.39 3/4</u></div>
<div><u> CLOSE10.30 1/2 Down 11 CLOSE 10.42 1/2 Down 11</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 2.55 12.86 472.342.55 12.98 476.75</u></div>
<div><u>CK High 2.64 12.95 475.652.57 13.00 477.48</u></div>
<div><u>CK Average 2.60 -0.4012.90 474.122.55 -0.4612.98 476.87</u></div>
<div><u>Essex Cty 2.60 12.91 474.182.45 12.88 473.08</u></div>
<div><u>Mdsx Low 2.60 12.91 474.182.57 13.00 477.48</u></div>
<div><u>Mdsx High 2.64 12.95 475.652.60 13.03 478.59</u></div>
<div><u>Mdsx Average 2.62 -0.3812.93 474.912.59 -0.4313.01 478.04</u></div>
<div><u>Hensall 2.60 12.91 474.182.58 13.00 477.67</u></div>
<div><u>Bruce 2.60 12.91 474.182.55 12.98 476.75</u></div>
<div><u>Putnam 2.60 12.91 474.182.60 13.03 478.59</u></div>
<div><u>Burford 2.71 13.02 478.222.64 13.07 480.06</u></div>
<div><u>Port Perry 2.61 12.92 474.552.54 12.97 476.38</u></div>
<div><u>Norfolk 2.60 12.91 474.182.55 12.98 476.75</u></div>
<div><u>Palmerston 2.55 12.86 472.342.60 13.03 478.59</u></div>
<div><u>Varna 2.60 12.91 474.182.55 12.98 476.75</u></div>
<div><u>Trenton 2.60 12.91 474.182.55 12.98 476.75</u></div>
<div><u>Winchester 2.40 12.71 466.832.50 12.93 474.91</u></div>
<div><u>North Gower 2.40 12.71 466.832.50 12.93 474.91</u></div>
<div><u>Huron FOB 2.70 13.01 477.852.65 13.08 480.42</u></div>
<div><u>Kent FOB 2.75 13.06 479.692.55 12.98 476.75</u></div>
<div><u>Lambton FOB 2.65 12.96 476.012.70 13.13 482.26</u></div>
<div><u>Middlesex FOB2.81 2.86 2.86 N/A 13.12 481.892.68 13.11 481.53</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.05 13.36 490.712.89 13.32 489.24</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.95 13.38 491.45</u></div>
<div><u>Prescott 2.51 12.82 470.872.92 13.35 490.34</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 10.11 371.47-0.33 10.10 371.09</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3022 up 0.0019</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>JUL18 HI 5.54 JUL18 HI 5.54</u></div>
<div><u> LOW 5.31 1/2 LOW 5.31 1/2</u></div>
<div><u> CLOSE 5.36 1/2 Down 6 1/2 CLOSE 5.36 1/2 Down 6 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed lower.</u></div>
<div><u>JUL18 HI 6.49 1/2 SEP18 HI 6.54 1/2</u></div>
<div><u> LOW 6.23 1/2 LOW 6.31 1/2</u></div>
<div><u> CLOSE 6.28 Down 16 1/4 CLOSE 6.35 3/4 Down 13</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 1.52 1.45 1.26 0.47</u></div>
<div><u>CAD $/bu 6.88 6.82 6.62 6.75</u></div>
<div><u>CAD $/tonne 252.87 250.48 243.30 247.84</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 1.00 N/A N/A N/A 1.05 N/A</u></div>
<div><u>London 1.19 1.52 1.06 N/A 1.18 1.31 1.12 N/A</u></div>
<div><u>Hensall 1.10 N/A 1.00 N/A 1.15 N/A 1.05 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 1.10 1.10 1.00 N/A 1.15 1.15 1.05 0.50</u></div>
<div><u>Essex N/A N/A 0.93 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Norwich 1.10 N/A 1.00 N/A 1.15 N/A 1.05 N/A</u></div>
<div><u>Port Hope N/A N/A 0.90 N/A N/A 1.05 1.05 N/A</u></div>
<div><u>Kent Bridge 1.10 N/A 1.00 N/A 1.15 N/A 1.05 N/A</u></div>
<div><u>Chatham N/A N/A 0.90 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 0.90 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.00 0.90 0.35 N/A 1.10 1.00 0.55</u></div>
<div><u>Varna 1.25 1.15 0.95 N/A 1.30 1.30 1.10 N/A</u></div>
<div><u>Mitchell 1.10 1.10 1.00 N/A 1.15 1.15 1.05 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.80 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.30 1.10 0.30 N/A 1.47 1.47 0.40</u></div>
<div><u>W O Feed 1.64</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 1.82 N/A N/A N/A 1.82 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.47US 7.12CA 5.47US 7.12CA</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 1.49 1.56 1.46 0.49</u></div>
<div><u>CAD $/bu 6.86 6.92 6.83 6.85</u></div>
<div><u>CAD $/tonne 251.91 254.30 250.95 251.55</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 576.74</u></div>
<div><u>DDG's FOB Srn & Aylm 260.00 - 265.00</u></div>
<div><u><br>
</u></div>
<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="LPlnk347059" 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="LPlnk482013" 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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