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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, June 4</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.293 down 0.0034</u></div>
<div><u>Chicago corn closed lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 3.89 3/4 DEC18 HI 4.10</u></div>
<div><u> LOW 3.80 1/2 LOW 4.01</u></div>
<div><u> CLOSE3.80 3/4 Down 10 3/4 CLOSE 4.01 1/4 Down 10 1/2</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 4.66 183.36 0.75 4.76 187.49</u></div>
<div><u>CK High 0.90 4.71 185.33 0.80 4.81 189.46</u></div>
<div><u>CK Avg 0.89 -0.17 4.70 185.00 0.76 -0.32 4.77 187.82</u></div>
<div><u>Essex Cty 0.90 4.71 185.33 0.75 4.76 187.49</u></div>
<div><u>Mdsx Low 0.90 4.71 185.33 0.75 4.76 187.49</u></div>
<div><u>Mdsx High 0.90 4.71 185.33 0.75 4.76 187.49</u></div>
<div><u>Mdsx Avg 0.90 -0.17 4.71 185.33 0.75 -0.33 4.76 187.49</u></div>
<div><u>Hensall 0.90 4.71 185.33 0.75 4.76 187.49</u></div>
<div><u>Bruce 0.90 4.71 185.33 0.75 4.76 187.49</u></div>
<div><u>Putnam 0.90 4.71 185.33 0.75 4.76 187.49</u></div>
<div><u>Burford 0.90 4.71 185.33 0.75 4.76 187.49</u></div>
<div><u>Port Perry 0.90 4.71 185.33 0.85 4.86 191.43</u></div>
<div><u>Norfolk 0.90 4.71 185.33 0.75 4.76 187.49</u></div>
<div><u>Palmerston 0.90 4.71 185.33 0.75 4.76 187.49</u></div>
<div><u>Varna 0.90 4.71 185.33 0.75 4.76 187.49</u></div>
<div><u>Trenton 0.90 4.71 185.33 0.90 4.91 193.40</u></div>
<div><u>Winchester 1.10 4.91 193.20 1.15 5.16 203.24</u></div>
<div><u>North Gower 1.05 4.86 191.23 1.15 5.16 203.24</u></div>
<div><u>Huron FOB 1.05 4.86 191.23 0.80 4.81 189.46</u></div>
<div><u>Kent FOB 1.10 4.91 193.20 0.83 4.84 190.64</u></div>
<div><u>Lamb FOB 1.10 4.91 193.20 0.80 4.81 189.46</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.71 185.33 0.85 4.86 191.43</u></div>
<div><u>FOB SW Que 1.46 5.27 207.37N/A</u></div>
<div><u>Track 1.33 5.13 202.06N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.19 1.33 1.06 5.07 199.70</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.39 1.06 5.07 199.70</u></div>
<div><u>Aylmer-Eth N/A N/A 1.30 1.30 1.00 5.01 197.33</u></div>
<div><u>Sarn-Eth 1.20 1.25N/A N/A 5.01 197.14N/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 5.06 199.30</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 5.21 205.21</u></div>
<div><u>W O Feed 1.49 5.29 208.40</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.59 5.40 212.49</u></div>
<div><u>Toledo El. -0.06 3.74 147.35 -0.26 3.75 147.78</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.78 3/4</u></div>
<div><u>HI SD CRN 0.80 4.81 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.293 down 0.0034</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.14 1/2 NOV18 HI 10.31 1/2</u></div>
<div><u> LOW 10.01 1/4 LOW 10.19</u></div>
<div><u> CLOSE10.01 3/4 Down 19 1/2 CLOSE 10.19 1/2 Down 18 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+AUG1+NOV18</u></div>
<div><u>CK Low 2.47 12.49 458.842.38 12.58 462.05</u></div>
<div><u>CK High 2.60 12.62 463.612.55 12.75 468.30</u></div>
<div><u>CK Average 2.51 -0.3312.53 460.372.46 -0.4112.66 465.11</u></div>
<div><u>Essex Cty 2.45 12.47 458.102.30 12.50 459.11</u></div>
<div><u>Mdsx Low 2.47 12.49 458.842.38 12.58 462.05</u></div>
<div><u>Mdsx High 2.50 12.52 459.942.50 12.70 466.46</u></div>
<div><u>Mdsx Average 2.49 -0.3512.50 459.392.44 -0.4212.64 464.26</u></div>
<div><u>Hensall 2.48 12.49 459.022.48 12.67 465.54</u></div>
<div><u>Bruce 2.50 12.52 459.942.45 12.65 464.62</u></div>
<div><u>Putnam 2.60 12.62 463.612.60 12.80 470.14</u></div>
<div><u>Burford 2.54 12.56 461.412.45 12.65 464.62</u></div>
<div><u>Port Perry 2.44 12.46 457.732.35 12.55 460.95</u></div>
<div><u>Norfolk 2.50 12.52 459.942.45 12.65 464.62</u></div>
<div><u>Palmerston 2.50 12.52 459.942.55 12.75 468.30</u></div>
<div><u>Varna 2.45 12.47 458.102.45 12.65 464.62</u></div>
<div><u>Trenton 2.40 12.42 456.272.35 12.55 460.95</u></div>
<div><u>Winchester 2.35 12.37 454.432.35 12.55 460.95</u></div>
<div><u>North Gower 2.45 12.47 458.102.43 12.63 463.89</u></div>
<div><u>Huron FOB 2.55 12.57 461.782.55 12.75 468.30</u></div>
<div><u>Kent FOB 2.55 12.57 461.782.45 12.65 464.62</u></div>
<div><u>Lambton FOB 2.75 12.77 469.132.65 12.85 471.97</u></div>
<div><u>Middlesex FOB2.64 2.66 N/A N/A 12.66 465.082.49 12.69 466.09</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.94 12.96 476.112.73 12.93 474.91</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 13.00 477.48</u></div>
<div><u>Prescott 2.45 12.47 458.102.87 13.07 480.06</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.19 9.82 360.95-0.32 9.87 362.72</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.293 down 0.0034</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>JUL18 HI 5.21 1/4 JUL18 HI 5.21 1/4</u></div>
<div><u> LOW 5.03 1/4 LOW 5.03 1/4</u></div>
<div><u> CLOSE 5.05 1/4 Down 18 CLOSE 5.05 1/4 Down 18</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>JUL18 HI 6.04 1/2 SEP18 HI 6.12 1/4</u></div>
<div><u> LOW 5.91 3/4 LOW 6.01</u></div>
<div><u> CLOSE 5.93 1/4 Down 10 3/4 CLOSE 6.02 1/2 Down 10 1/4</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 1.38 1.31 1.12 0.32</u></div>
<div><u>CAD $/bu 6.43 6.36 6.17 6.25</u></div>
<div><u>CAD $/tonne 236.24 233.86 226.74 229.59</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 1.06 1.38 0.93 N/A 1.04 1.17 1.04 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 0.57 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.23 0.99 0.16 N/A 1.52 1.38 0.28</u></div>
<div><u>W O Feed 1.66</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 1.67 N/A N/A N/A 1.67 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.15US 6.66CA 5.15US 6.66CA</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 1.35 1.42 1.33 0.34</u></div>
<div><u>CAD $/bu 6.40 6.47 6.38 6.37</u></div>
<div><u>CAD $/tonne 235.29 237.67 234.34 233.98</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 565.39</u></div>
<div><u>DDG's FOB Srn & Aylm 265.00</u></div>
<div><u><br>
</u></div>
<p></p>
<p style="margin-top:0;margin-bottom:0"><span id="ms-rterangepaste-start"></span></p>
<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>
<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" id="LPlnk828842" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">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:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530" id="LPlnk885803" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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<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%;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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