<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"><u></u></p>
<div><u></u></div>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 20</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3426 down 0.0007</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 3.91 1/2 DEC19 HI 4.05 1/2</u></div>
<div><u> LOW 3.85 3/4 LOW 4.00</u></div>
<div><u> CLOSE3.89 Up 5 3/4 CLOSE 4.04 1/2 Up 6 1/4</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 +JUL19+SEP19+SEP19</u></div>
<div><u>CK Low 1.10 4.99 196.45 0.90 4.95 194.68</u></div>
<div><u>CK High 1.10 4.99 196.45 0.90 4.95 194.68</u></div>
<div><u>CK Avg 1.10 -0.17 4.99 196.45 0.90 -0.36 4.95 194.68</u></div>
<div><u>Essex Cty 1.10 4.99 196.45 0.90 4.95 194.68</u></div>
<div><u>Mdsx Low 1.10 4.99 196.45 0.90 4.95 194.68</u></div>
<div><u>Mdsx High 1.10 4.99 196.45 0.90 4.95 194.68</u></div>
<div><u>Mdsx Avg 1.10 -0.17 4.99 196.45 0.90 -0.36 4.95 194.68</u></div>
<div><u>Hensall 1.13 5.02 197.43 0.95 5.00 196.64</u></div>
<div><u>Bruce 1.10 4.99 196.45 0.95 5.00 196.64</u></div>
<div><u>Putnam 1.10 4.99 196.45 0.90 4.95 194.68</u></div>
<div><u>Burford 1.10 4.99 196.45 0.90 4.95 194.68</u></div>
<div><u>Port Perry 1.10 4.99 196.45 0.90 4.95 194.68</u></div>
<div><u>Norfolk 1.10 4.99 196.45 0.90 4.95 194.68</u></div>
<div><u>Palmerston 1.10 4.99 196.45 0.95 5.00 196.64</u></div>
<div><u>Varna 1.05 4.94 194.48 0.90 4.95 194.68</u></div>
<div><u>Trenton 1.05 4.94 194.48 0.90 4.95 194.68</u></div>
<div><u>Winchester 1.11 5.00 196.84 1.20 5.25 206.49</u></div>
<div><u>North Gower 1.10 4.99 196.45 1.18 5.23 205.70</u></div>
<div><u>Huron FOB 1.53 5.42 213.38 0.98 5.03 197.83</u></div>
<div><u>Kent FOB 1.40 5.29 208.26 0.90 4.95 194.68</u></div>
<div><u>Lamb FOB 1.50 5.39 212.19 1.03 5.08 199.79</u></div>
<div><u>Mdsx FOB 1.40 1.35 1.45 1.45 5.29 208.26 0.95 5.00 196.64</u></div>
<div><u>FOB SW Que 1.83 5.72 225.19 1.38 5.43 213.57</u></div>
<div><u>Track 1.55 5.44 214.16N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.75 1.79 1.14 5.19 204.12</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 N/A N/A</u></div>
<div><u>Sarn-Eth 1.50 1.50N/A N/A 5.39 212.19N/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 1.73 1.20 5.25 206.49</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 1.35 5.40 212.39</u></div>
<div><u>W O Feed 1.73 5.62 221.25</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.99 5.88 231.49</u></div>
<div><u>Toledo El. -0.05 3.84 151.03 -0.27 3.78 148.67</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 5.20204 1/2</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.90 4.94 1/2</u></div>
<div><u>HI SD CRN 0.90 4.94 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3426 down 0.0007</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.38 3/4 NOV19 HI 8.64</u></div>
<div><u> LOW 8.24 3/4 LOW 8.50 1/4</u></div>
<div><u> CLOSE8.31 3/4 Up 10 CLOSE 8.57 3/4 Up 10 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+JUL1+AUG19</u></div>
<div><u>CK Low 1.92 10.24 376.161.95 10.53 386.82</u></div>
<div><u>CK High 2.05 10.37 380.942.00 10.58 388.66</u></div>
<div><u>CK Average 2.03 -0.6110.35 380.141.99 -0.7110.57 388.35</u></div>
<div><u>Essex Cty 2.05 10.37 380.942.00 10.58 388.66</u></div>
<div><u>Mdsx Low 1.87 10.19 374.331.90 10.48 384.98</u></div>
<div><u>Mdsx High 2.05 10.37 380.942.00 10.58 388.66</u></div>
<div><u>Mdsx Average 1.96 -0.6610.28 377.631.95 -0.7410.53 386.82</u></div>
<div><u>Hensall 2.05 10.37 380.942.00 10.58 388.66</u></div>
<div><u>Bruce 2.05 10.37 380.942.00 10.58 388.66</u></div>
<div><u>Putnam 2.05 10.37 380.942.00 10.58 388.66</u></div>
<div><u>Burford 1.92 10.24 376.161.95 10.53 386.82</u></div>
<div><u>Port Perry 1.89 10.21 375.061.92 10.50 385.72</u></div>
<div><u>Norfolk 2.05 10.37 380.942.00 10.58 388.66</u></div>
<div><u>Palmerston 1.95 10.27 377.271.95 10.53 386.82</u></div>
<div><u>Varna 2.00 10.32 379.101.95 10.53 386.82</u></div>
<div><u>Trenton 2.00 10.32 379.102.00 10.58 388.66</u></div>
<div><u>Winchester N/A 2.00 10.58 388.66</u></div>
<div><u>North Gower 1.99 10.31 378.741.99 10.57 388.29</u></div>
<div><u>Huron FOB 2.15 10.47 384.612.10 10.68 392.33</u></div>
<div><u>Kent FOB 2.25 10.57 388.292.10 10.68 392.33</u></div>
<div><u>Lambton FOB 2.25 10.57 388.292.15 10.73 394.17</u></div>
<div><u>Middlesex FOB2.12 2.19 2.26 N/A 10.44 383.511.96 10.54 387.19</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.38 10.70 393.072.27 10.85 398.58</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.55 10.87 399.312.45 11.03 405.19</u></div>
<div><u>Prescott N/A 2.30 10.88 399.68</u></div>
<div><u>Port Colborne N/A 2.33 10.91 400.78</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 7.71 283.42-0.74 7.84 288.04</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3426 down 0.0007</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>JUL19 HI 4.84 JUL19 HI 4.84</u></div>
<div><u> LOW 4.68 LOW 4.68</u></div>
<div><u> CLOSE 4.78 1/4 Up 13 1/4 CLOSE 4.78 1/4 Up 13 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed higher.</u></div>
<div><u>JUL19 HI 5.46 3/4 SEP19 HI 5.56</u></div>
<div><u> LOW 5.29 3/4 LOW 5.39</u></div>
<div><u> CLOSE 5.43 1/2 Up 15 3/4 CLOSE 5.52 1/2 Up 15 3/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.64 1.71 1.50 0.92</u></div>
<div><u>CAD $/bu 6.42 6.49 6.29 6.36</u></div>
<div><u>CAD $/tonne 235.92 238.39 230.99 233.58</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2018 Harvest 2019</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 1.30 N/A N/A N/A 1.30 N/A</u></div>
<div><u>London 1.43 1.83 1.36 N/A 1.48 1.81 1.41 N/A</u></div>
<div><u>Hensall 1.60 N/A 1.30 N/A 1.60 N/A 1.30 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A</u></div>
<div><u>Bruce 1.60 1.75 1.25 N/A 1.60 1.70 1.30 1.00</u></div>
<div><u>Essex N/A N/A 1.25 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Norwich 1.60 N/A 1.30 N/A 1.60 N/A 1.30 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A 1.60 1.30 N/A</u></div>
<div><u>Kent Bridge 1.60 N/A 1.30 N/A 1.60 N/A 1.30 N/A</u></div>
<div><u>Chatham N/A N/A 1.25 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Brigden N/A N/A 1.25 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Palmerston N/A 1.85 1.45 1.10 N/A 1.82 1.42 1.00</u></div>
<div><u>Varna 1.50 1.75 1.30 N/A 1.50 1.70 1.30 N/A</u></div>
<div><u>Mitchell 1.60 1.60 1.30 N/A 1.60 1.60 1.30 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.33 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.42 1.20 0.70 N/A 1.82 1.37 0.85</u></div>
<div><u>W O Feed 1.90</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.83 2.16 1.69 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.64 N/A N/A N/A 1.64 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.66US 6.26CA 4.66US 6.26CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.71 2.04 1.57 1.15</u></div>
<div><u>CAD $/bu 6.49 6.82 6.35 6.68</u></div>
<div><u>CAD $/tonne 238.39 250.72 233.46 245.42</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 462.21</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00</u></div>
<div><u></u></div>
<div><u><br>
</u></div>
<u><br>
</u>
<p></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size: 12pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: Calibri, Arial, Helvetica, sans-serif, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></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="LPlnk110183" 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="LPlnk806968" 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>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object" style=""><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" 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);"> to
unsubscribe from this report.</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<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>
<u></u><br>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>