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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 1</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2964 up 0.0011</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 3.97 DEC18 HI 4.17</u></div>
<div><u> LOW 3.90 3/4 LOW 4.11</u></div>
<div><u> CLOSE3.91 1/2 Down 2 1/2 CLOSE 4.11 3/4 Down 2</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 +SEP18+SEP18+DEC18</u></div>
<div><u>CK Low 0.85 4.77 187.59 0.75 4.87 191.63</u></div>
<div><u>CK High 0.90 4.82 189.56 0.80 4.92 193.59</u></div>
<div><u>CK Avg 0.89 -0.21 4.81 189.23 0.76 -0.36 4.88 191.95</u></div>
<div><u>Essex Cty 0.90 4.82 189.56 0.75 4.87 191.63</u></div>
<div><u>Mdsx Low 0.90 4.82 189.56 0.75 4.87 191.63</u></div>
<div><u>Mdsx High 0.90 4.82 189.56 0.75 4.87 191.63</u></div>
<div><u>Mdsx Avg 0.90 -0.20 4.82 189.56 0.75 -0.36 4.87 191.63</u></div>
<div><u>Hensall 0.90 4.82 189.56 0.75 4.87 191.63</u></div>
<div><u>Bruce 0.90 4.82 189.56 0.75 4.87 191.63</u></div>
<div><u>Putnam 0.90 4.82 189.56 0.75 4.87 191.63</u></div>
<div><u>Burford 0.90 4.82 189.56 0.80 4.92 193.59</u></div>
<div><u>Port Perry 0.90 4.82 189.56 0.85 4.97 195.56</u></div>
<div><u>Norfolk 0.90 4.82 189.56 0.75 4.87 191.63</u></div>
<div><u>Palmerston 0.90 4.82 189.56 0.75 4.87 191.63</u></div>
<div><u>Varna 0.90 4.82 189.56 0.75 4.87 191.63</u></div>
<div><u>Trenton 0.90 4.82 189.56 0.90 5.02 197.53</u></div>
<div><u>Winchester 1.10 5.02 197.43 1.15 5.27 207.37</u></div>
<div><u>North Gower 1.05 4.97 195.46 1.15 5.27 207.37</u></div>
<div><u>Huron FOB 1.03 4.95 194.68 0.80 4.92 193.59</u></div>
<div><u>Kent FOB 1.10 5.02 197.43 0.83 4.95 194.77</u></div>
<div><u>Lamb FOB 1.10 5.02 197.43 0.80 4.92 193.59</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.82 189.56 0.80 4.92 193.59</u></div>
<div><u>FOB SW Que 1.46 5.38 211.60N/A</u></div>
<div><u>Track 1.30 5.22 205.31N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.17 1.30 1.04 5.16 203.04</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.36 1.04 5.16 203.04</u></div>
<div><u>Aylmer-Eth N/A N/A 1.30 1.30 1.00 5.12 201.47</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25N/A 5.07 199.40N/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 1.35 1.30 1.05 5.17 203.44</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 5.32 209.34</u></div>
<div><u>W O Feed 1.48 5.40 212.47</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.59 5.51 216.72</u></div>
<div><u>Toledo El. -0.06 3.85 151.57 -0.26 3.86 151.89</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.89 1/4</u></div>
<div><u>HI SD CRN 0.80 4.91 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 1.2964 up 0.0011</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.26 1/2 NOV18 HI 10.42</u></div>
<div><u> LOW 10.15 LOW 10.31</u></div>
<div><u> CLOSE10.21 1/4 Up 2 3/4 CLOSE 10.37 3/4 Up 3 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+AUG1+NOV18</u></div>
<div><u>CK Low 2.50 12.71 467.102.45 12.83 471.33</u></div>
<div><u>CK High 2.60 12.81 470.782.55 12.93 475.00</u></div>
<div><u>CK Average 2.53 -0.3812.74 468.272.50 -0.4512.87 472.98</u></div>
<div><u>Essex Cty 2.55 12.76 468.942.40 12.78 469.49</u></div>
<div><u>Mdsx Low 2.50 12.71 467.102.47 12.85 472.06</u></div>
<div><u>Mdsx High 2.54 12.75 468.572.50 12.88 473.17</u></div>
<div><u>Mdsx Average 2.52 -0.3912.73 467.842.49 -0.4612.86 472.62</u></div>
<div><u>Hensall 2.53 12.74 468.022.53 12.90 474.09</u></div>
<div><u>Bruce 2.50 12.71 467.102.45 12.83 471.33</u></div>
<div><u>Putnam 2.50 12.71 467.102.50 12.88 473.17</u></div>
<div><u>Burford 2.61 12.82 471.152.54 12.92 474.64</u></div>
<div><u>Port Perry 2.51 12.72 467.472.44 12.82 470.96</u></div>
<div><u>Norfolk 2.55 12.76 468.942.55 12.93 475.00</u></div>
<div><u>Palmerston 2.50 12.71 467.102.55 12.93 475.00</u></div>
<div><u>Varna 2.55 12.76 468.942.55 12.93 475.00</u></div>
<div><u>Trenton 2.50 12.71 467.102.45 12.83 471.33</u></div>
<div><u>Winchester 2.60 12.81 470.782.45 12.83 471.33</u></div>
<div><u>North Gower 2.45 12.66 465.272.43 12.81 470.60</u></div>
<div><u>Huron FOB 2.65 12.86 472.622.65 13.03 478.68</u></div>
<div><u>Kent FOB 2.65 12.86 472.622.55 12.93 475.00</u></div>
<div><u>Lambton FOB 2.75 12.96 476.292.65 13.03 478.68</u></div>
<div><u>Middlesex FOB2.76 2.76 N/A N/A 12.97 476.662.58 12.96 476.11</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.03 13.24 486.582.82 13.20 484.93</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 13.18 484.19</u></div>
<div><u>Prescott 2.45 12.66 465.272.87 13.25 486.76</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.19 10.02 368.10-0.32 10.05 369.40</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2964 up 0.0011</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL18 HI 5.28 JUL18 HI 5.28</u></div>
<div><u> LOW 5.18 1/4 LOW 5.18 1/4</u></div>
<div><u> CLOSE 5.23 1/4 Down 3 CLOSE 5.23 1/4 Down 3</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>JUL18 HI 6.13 1/4 SEP18 HI 6.20 3/4</u></div>
<div><u> LOW 6.03 1/4 LOW 6.11 3/4</u></div>
<div><u> CLOSE 6.04 Down 8 CLOSE 6.12 3/4 Down 7</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 1.45 1.38 1.19 0.36</u></div>
<div><u>CAD $/bu 6.68 6.62 6.42 6.40</u></div>
<div><u>CAD $/tonne 245.44 243.06 235.92 235.32</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 N/A N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.08 1.40 0.95 N/A 1.07 1.20 1.07 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 0.83 N/A N/A N/A 1.06 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 0.95 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 0.95 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.00 1.00 0.35 N/A 1.10 1.05 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 0.66 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.24 0.99 0.18 N/A 1.52 1.38 0.30</u></div>
<div><u>W O Feed 1.65</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 1.75 N/A N/A N/A 1.75 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.33US 6.91CA 5.33US 6.91CA</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 1.42 1.49 1.40 0.39</u></div>
<div><u>CAD $/bu 6.65 6.72 6.63 6.52</u></div>
<div><u>CAD $/tonne 244.49 246.87 243.54 239.49</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 571.23</u></div>
<div><u>DDG's FOB Srn & Aylm 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="LPlnk973628" 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="LPlnk487020" 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;
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<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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