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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, June 5</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2971 up 0.0041</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 3.85 1/4 DEC18 HI 4.05 1/2</u></div>
<div><u> LOW 3.80 LOW 4.00 1/4</u></div>
<div><u> CLOSE3.83 3/4 Up 3 CLOSE 4.04 Up 2 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 +SEP18+SEP18+DEC18</u></div>
<div><u>CK Low 0.85 4.69 184.54 0.75 4.79 188.57</u></div>
<div><u>CK High 0.90 4.74 186.51 0.80 4.84 190.54</u></div>
<div><u>CK Avg 0.89 -0.19 4.73 186.18 0.76 -0.34 4.80 188.90</u></div>
<div><u>Essex Cty 0.90 4.74 186.51 0.75 4.79 188.57</u></div>
<div><u>Mdsx Low 0.90 4.74 186.51 0.75 4.79 188.57</u></div>
<div><u>Mdsx High 0.90 4.74 186.51 0.75 4.79 188.57</u></div>
<div><u>Mdsx Avg 0.90 -0.19 4.74 186.51 0.75 -0.35 4.79 188.57</u></div>
<div><u>Hensall 0.90 4.74 186.51 0.75 4.79 188.57</u></div>
<div><u>Bruce 0.90 4.74 186.51 0.75 4.79 188.57</u></div>
<div><u>Putnam 0.90 4.74 186.51 0.75 4.79 188.57</u></div>
<div><u>Burford 0.90 4.74 186.51 0.75 4.79 188.57</u></div>
<div><u>Port Perry 0.90 4.74 186.51 0.85 4.89 192.51</u></div>
<div><u>Norfolk 0.90 4.74 186.51 0.75 4.79 188.57</u></div>
<div><u>Palmerston 0.90 4.74 186.51 0.75 4.79 188.57</u></div>
<div><u>Varna 0.90 4.74 186.51 0.75 4.79 188.57</u></div>
<div><u>Trenton 0.90 4.74 186.51 0.90 4.94 194.48</u></div>
<div><u>Winchester 1.10 4.94 194.38 1.15 5.19 204.32</u></div>
<div><u>North Gower 1.05 4.89 192.41 1.15 5.19 204.32</u></div>
<div><u>Huron FOB 1.05 4.89 192.41 0.80 4.84 190.54</u></div>
<div><u>Kent FOB 1.10 4.94 194.38 0.83 4.87 191.72</u></div>
<div><u>Lamb FOB 1.10 4.94 194.38 0.80 4.84 190.54</u></div>
<div><u>Mdsx FOB 0.95 0.95N/A N/A 4.79 188.48 0.85 4.89 192.51</u></div>
<div><u>FOB SW Que 1.51 5.35 210.52N/A</u></div>
<div><u>Track 1.28 5.11 201.27N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.18 1.31 1.04 5.08 199.99</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.31 1.12 5.16 203.14</u></div>
<div><u>Aylmer-Eth N/A N/A 1.30 1.30 1.00 5.04 198.42</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25N/A 4.99 196.35N/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 5.09 200.38</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 5.24 206.29</u></div>
<div><u>W O Feed 1.46 5.30 208.63</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.53 5.37 211.31</u></div>
<div><u>Toledo El. -0.06 3.77 148.52 -0.26 3.78 148.83</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.81 1/2</u></div>
<div><u>HI SD CRN 0.80 4.84</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2971 up 0.0041</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 10.06 3/4 NOV18 HI 10.25 1/2</u></div>
<div><u> LOW 9.97 1/4 LOW 10.15 1/4</u></div>
<div><u> CLOSE10.01 1/4 Down 1/2 CLOSE 10.20 1/2 Up 1</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 12.51 459.762.45 12.66 464.99</u></div>
<div><u>CK High 2.55 12.56 461.592.50 12.71 466.83</u></div>
<div><u>CK Average 2.53 -0.3412.55 460.982.48 -0.4212.69 466.22</u></div>
<div><u>Essex Cty 2.50 12.51 459.762.35 12.56 461.32</u></div>
<div><u>Mdsx Low 2.55 12.56 461.592.45 12.66 464.99</u></div>
<div><u>Mdsx High 2.55 12.56 461.592.50 12.71 466.83</u></div>
<div><u>Mdsx Average 2.55 -0.3312.56 461.592.48 -0.4312.68 465.91</u></div>
<div><u>Hensall 2.55 12.56 461.592.50 12.71 466.83</u></div>
<div><u>Bruce 2.55 12.56 461.592.50 12.71 466.83</u></div>
<div><u>Putnam 2.60 12.61 463.432.60 12.81 470.50</u></div>
<div><u>Burford 2.62 12.63 464.162.52 12.73 467.56</u></div>
<div><u>Port Perry 2.52 12.53 460.492.42 12.63 463.89</u></div>
<div><u>Norfolk 2.55 12.56 461.592.50 12.71 466.83</u></div>
<div><u>Palmerston 2.50 12.51 459.762.55 12.76 468.67</u></div>
<div><u>Varna 2.55 12.56 461.592.50 12.71 466.83</u></div>
<div><u>Trenton 2.50 12.51 459.762.50 12.71 466.83</u></div>
<div><u>Winchester 2.40 12.41 456.082.42 12.63 463.89</u></div>
<div><u>North Gower 2.45 12.46 457.922.43 12.64 464.26</u></div>
<div><u>Huron FOB 2.65 12.66 465.272.60 12.81 470.50</u></div>
<div><u>Kent FOB 2.60 12.61 463.432.50 12.71 466.83</u></div>
<div><u>Lambton FOB 2.60 12.61 463.432.50 12.71 466.83</u></div>
<div><u>Middlesex FOB2.68 2.72 N/A N/A 12.69 466.372.55 12.76 468.67</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.91 12.92 474.822.77 12.98 476.75</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 13.01 477.85</u></div>
<div><u>Prescott 2.45 12.46 457.922.87 13.08 480.42</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.19 9.82 360.75-0.32 9.88 363.05</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2971 up 0.0041</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>JUL18 HI 5.18 3/4 JUL18 HI 5.18 3/4</u></div>
<div><u> LOW 5.06 LOW 5.06</u></div>
<div><u> CLOSE 5.10 Up 4 3/4 CLOSE 5.10 Up 4 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL18 HI 6.05 SEP18 HI 6.13 1/2</u></div>
<div><u> LOW 5.93 3/4 LOW 6.03</u></div>
<div><u> CLOSE 5.97 Up 3 3/4 CLOSE 6.06 Up 3 1/2</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 1.41 1.35 1.15 0.35</u></div>
<div><u>CAD $/bu 6.51 6.45 6.25 6.32</u></div>
<div><u>CAD $/tonne 239.25 236.87 229.72 232.11</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 1.08 1.40 1.01 N/A 1.06 1.19 1.06 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 0.55</u></div>
<div><u>Essex N/A N/A 0.85 N/A N/A N/A 1.08 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 1.25 1.25 1.05 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 0.60 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.16 0.92 0.12 N/A 1.45 1.31 0.24</u></div>
<div><u>W O Feed 1.61</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 1.77 N/A N/A N/A 1.77 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.20US 6.74CA 5.20US 6.74CA</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 1.39 1.45 1.36 0.37</u></div>
<div><u>CAD $/bu 6.49 6.55 6.46 6.43</u></div>
<div><u>CAD $/tonne 238.30 240.68 237.35 236.40</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 565.83</u></div>
<div><u>DDG's FOB Srn & Aylm 265.00</u></div>
<div><br>
</div>
<div><span id="ms-rterangepaste-start"></span>
<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="LPlnk246191" 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="LPlnk374823" 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">519-674-1530</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:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333"><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%;
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background:#FDFDFD"> to
unsubscribe from this report.</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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