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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, June 7</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2974 up 0.0029</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 3.82 DEC18 HI 4.03 1/2</u></div>
<div><u> LOW 3.74 1/4 LOW 3.95 1/4</u></div>
<div><u> CLOSE3.76 1/4 Down 2 CLOSE 3.96 3/4 Down 3</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 4.61 181.59 0.75 4.72 185.72</u></div>
<div><u>CK High 0.90 4.66 183.55 0.80 4.77 187.69</u></div>
<div><u>CK Avg 0.89 -0.18 4.65 183.23 0.76 -0.33 4.73 186.05</u></div>
<div><u>Essex Cty 0.90 4.66 183.55 0.75 4.72 185.72</u></div>
<div><u>Mdsx Low 0.90 4.66 183.55 0.75 4.72 185.72</u></div>
<div><u>Mdsx High 0.90 4.66 183.55 0.75 4.72 185.72</u></div>
<div><u>Mdsx Avg 0.90 -0.17 4.66 183.55 0.75 -0.33 4.72 185.72</u></div>
<div><u>Hensall 0.90 4.66 183.55 0.75 4.72 185.72</u></div>
<div><u>Bruce 0.90 4.66 183.55 0.75 4.72 185.72</u></div>
<div><u>Putnam 0.90 4.66 183.55 0.75 4.72 185.72</u></div>
<div><u>Burford 0.90 4.66 183.55 0.75 4.72 185.72</u></div>
<div><u>Port Perry 0.90 4.66 183.55 0.85 4.82 189.66</u></div>
<div><u>Norfolk 0.90 4.66 183.55 0.75 4.72 185.72</u></div>
<div><u>Palmerston 0.90 4.66 183.55 0.75 4.72 185.72</u></div>
<div><u>Varna 0.90 4.66 183.55 0.75 4.72 185.72</u></div>
<div><u>Trenton 0.90 4.66 183.55 0.90 4.87 191.63</u></div>
<div><u>Winchester 1.09 4.85 191.03 1.14 5.11 201.07</u></div>
<div><u>North Gower 1.05 4.81 189.46 1.15 5.12 201.47</u></div>
<div><u>Huron FOB 1.05 4.81 189.46 0.80 4.77 187.69</u></div>
<div><u>Kent FOB 1.10 4.86 191.43 0.83 4.80 188.87</u></div>
<div><u>Lamb FOB 1.10 4.86 191.43 0.80 4.77 187.69</u></div>
<div><u>Mdsx FOB 0.95 0.95N/A N/A 4.71 185.52 0.85 4.82 189.66</u></div>
<div><u>FOB SW Que 1.57 5.33 209.93N/A</u></div>
<div><u>Track 1.28 5.04 198.32N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.29 1.24 1.01 4.98 195.96</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.30 1.12 5.09 200.29</u></div>
<div><u>Aylmer-Eth N/A N/A 1.30 1.30 1.00 4.97 195.56</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25N/A 4.91 193.40N/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 1.35 1.10 5.07 199.50</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 5.17 203.44</u></div>
<div><u>W O Feed 1.46 5.22 205.68</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.53 5.29 208.36</u></div>
<div><u>Toledo El. -0.06 3.70 145.57 -0.26 3.71 145.98</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.74 1/4</u></div>
<div><u>HI SD CRN 0.80 4.76 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 1.2974 up 0.0029</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 9.98 1/4 NOV18 HI 10.17 1/4</u></div>
<div><u> LOW 9.73 LOW 9.93</u></div>
<div><u> CLOSE9.74 1/4 Down 20 CLOSE 9.94 3/4 Down 18 3/4</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 2.40 12.14 446.162.35 12.30 451.86</u></div>
<div><u>CK High 2.50 12.24 449.832.50 12.45 457.37</u></div>
<div><u>CK Average 2.48 -0.3312.22 448.922.41 -0.4312.35 453.88</u></div>
<div><u>Essex Cty 2.40 12.14 446.162.30 12.25 450.02</u></div>
<div><u>Mdsx Low 2.50 12.24 449.832.38 12.33 452.96</u></div>
<div><u>Mdsx High 2.50 12.24 449.832.40 12.35 453.69</u></div>
<div><u>Mdsx Average 2.50 -0.3112.24 449.832.39 -0.4412.34 453.33</u></div>
<div><u>Hensall 2.50 12.24 449.832.40 12.35 453.69</u></div>
<div><u>Bruce 2.50 12.24 449.832.40 12.35 453.69</u></div>
<div><u>Putnam 2.55 12.29 451.672.50 12.45 457.37</u></div>
<div><u>Burford 2.57 12.31 452.412.45 12.40 455.53</u></div>
<div><u>Port Perry 2.47 12.21 448.732.35 12.30 451.86</u></div>
<div><u>Norfolk 2.45 12.19 448.002.40 12.35 453.69</u></div>
<div><u>Palmerston 2.45 12.19 448.002.35 12.30 451.86</u></div>
<div><u>Varna 2.50 12.24 449.832.40 12.35 453.69</u></div>
<div><u>Trenton 2.40 12.14 446.162.40 12.35 453.69</u></div>
<div><u>Winchester 2.33 12.07 443.592.37 12.32 452.59</u></div>
<div><u>North Gower 2.38 12.12 445.432.40 12.35 453.69</u></div>
<div><u>Huron FOB 2.60 12.34 453.512.50 12.45 457.37</u></div>
<div><u>Kent FOB 2.50 12.24 449.832.40 12.35 453.69</u></div>
<div><u>Lambton FOB 2.55 12.29 451.672.40 12.35 453.69</u></div>
<div><u>Middlesex FOB2.73 2.73 2.73 N/A 12.47 458.292.49 12.44 457.00</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.84 12.58 462.332.70 12.65 464.72</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.70 12.65 464.72</u></div>
<div><u>Prescott 2.42 12.16 446.902.85 12.80 470.23</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.19 9.55 350.82-0.32 9.62 353.59</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2974 up 0.0029</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>JUL18 HI 5.37 JUL18 HI 5.37</u></div>
<div><u> LOW 5.19 1/4 LOW 5.19 1/4</u></div>
<div><u> CLOSE 5.26 3/4 Up 7 CLOSE 5.26 3/4 Up 7</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower to steady.</u></div>
<div><u>JUL18 HI 6.11 SEP18 HI 6.20</u></div>
<div><u> LOW 5.96 1/2 LOW 6.06 3/4</u></div>
<div><u> CLOSE 5.97 1/2 Down 3/4 CLOSE 6.07 1/2 Unchanged</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 1.46 1.40 1.20 0.35</u></div>
<div><u>CAD $/bu 6.73 6.67 6.47 6.33</u></div>
<div><u>CAD $/tonne 247.30 244.92 237.77 232.40</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 1.10 1.44 1.11 N/A 1.17 1.23 1.11 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 0.81 N/A N/A N/A 1.04 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 1.00 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 1.00 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.00 N/A N/A N/A 1.10 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 0.79 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.21 0.97 0.14 N/A 1.46 1.36 0.27</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 1.83 N/A N/A N/A 1.83 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.37US 6.96CA 5.37US 6.96CA</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 1.44 1.50 1.41 0.38</u></div>
<div><u>CAD $/bu 6.70 6.77 6.68 6.45</u></div>
<div><u>CAD $/tonne 246.35 248.73 245.40 237.17</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 556.02</u></div>
<div><u>DDG's FOB Srn & Aylm 265.00</u></div>
<div><br>
</div>
<div>---</div>
<div>Ontario Grain Market Commentary for June 6, 2018</div>
<div>By Marty Hibbs, Grain Farmers of Ontario</div>
<div><br>
</div>
<div>
<div>Wednesday, June 6, 2018 Closing Prices </div>
<div>COMMODITY<span style="white-space:pre"> </span>PERIOD<span style="white-space:pre">
</span>PRICE<span style="white-space:pre"> </span>WEEKLY MOVEMENT</div>
<div>Corn CBOT<span style="white-space:pre"> </span>July<span style="white-space:pre">
</span>3.78<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
15<span style="white-space:pre"> </span>cents</div>
<div>Soybeans CBOT<span style="white-space:pre"> </span>July<span style="white-space:pre">
</span>9.94<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
29<span style="white-space:pre"> </span>cents</div>
<div>Wheat CBOT<span style="white-space:pre"> </span>July<span style="white-space:pre">
</span>5.20<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
03<span style="white-space:pre"> </span>cents</div>
<div>Wheat Minn.<span style="white-space:pre"> </span>July<span style="white-space:pre">
</span>5.98<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
13<span style="white-space:pre"> </span>cents</div>
<div>Wheat Kansas<span style="white-space:pre"> </span>July<span style="white-space:pre">
</span>5.41<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
01<span style="white-space:pre"> </span>cents</div>
<div>Chicago Oats<span style="white-space:pre"> </span>July<span style="white-space:pre">
</span>2.40<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
01<span style="white-space:pre"> </span>cents </div>
<div><span style="white-space:pre"></span></div>
<div>Canadian $<span style="white-space:pre"> </span>June<span style="white-space:pre">
</span>.7720<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre">
</span>0.41<span style="white-space:pre"> </span>points</div>
<div><br>
</div>
<div>Corn: </div>
<div>The correction continued in the July futures as we pulled back to the $3.80 level this week. The momentum suggests there is still more downside and our price target of $3.65 from our last commentary is looking very possible in the coming weeks. This action
would not reverse the bullish sentiment which we have seen in the past month. The $3.60 price point on the July futures is the re-test of the downtrend line which was negated back on March 2 of this year. </div>
<div>We may have seen the high for the next couple of weeks, as we did hit a significant level of resistance. The next support on the July futures sits between $3.65 and $3.75, and if we manage to get that low, we should see another move back up to challenge
the $4.12 top in the near future. </div>
<div>Our short term indicator has turned bearish while our intermediate trend is still bullish, but the primary trend is still down. A definitive close above $4.50 will confirm the primary trend moving from neutral to bullish mode. </div>
<div>Current overhead resistance is still seen at the $4.10 - $4.15 level on July, while support is seen at the $3.60 - $3.70 level.</div>
<div><br>
</div>
<div>Soybeans: </div>
<div>Soybeans are currently testing the $10 level and there is a better than average chance that this time the $10 will not hold. This is not a cause for concern as the $10 level is really more of a psychological number than a technical line. The real support
for the July futures is closer to the $9.50 level and there is a good chance we will see that level tested in the coming weeks. <span style="font-size: 10pt;">Short term indicators are negative, while the intermediate trend, as indicated on the weekly chart,
is bullish. The primary trend needs to see a close above the $10.80 level on the lead month futures contract to reverse the six-year-old bear market in soybeans. Until we have a convincing close above that level, the primary trend remains down. </span></div>
<div><br>
</div>
<div><span style="font-size: 10pt;">Wheat: </span></div>
<div>Our May 30 commentary suggested that the $5.55 area would result in stiff resistance and that we would pull back to the $5 level before another attempt at the $5.55 level. June 5 saw a drop to the $5.03 price on our July futures and today, June 6 we are
sitting at $5.28 as of this writing. That bounce is a little too fast to be sustained but there is still a good chance we will revisit the $5.50 - $5.75 price on our July futures before the end of June. <span style="font-size: 10pt;">Solid support is seen
at the $4.80 - $5 on the July contract and our resistance is the May 29 high at the $5.55 level. Once we clear that hurdle, we are set to challenge our $5.75 target. </span></div>
<div>Indicators are positive and the main primary trend is bullish.</div>
<div><br>
</div>
<div><br>
</div>
<div>Harvest 2018 Grain prices as of the close, June 6, 2018 are as follows:</div>
<div>SWW @ $242.73/MT ($6.61/bu), HRW @ $245.11/MT ($6.67/bu), </div>
<div> HRS @ $236.54/MT ($6.44/bu), SRW @ $241.78/MT ($6.58/bu). </div>
<div><br>
</div>
<div>-----</div>
<div>
<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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