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<p style="margin-top:0;margin-bottom:0">Editor's note: Markets in the U.S. were closed Monday, May 27, 2019 for the U.S. Memorial Day holiday. A report is being sent today because of a few minor basis changes from Friday.</p>
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<p style="margin-top:0;margin-bottom:0"><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 27</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3435 down 0.0002</u></div>
<div><u>U.S. markets were closed for the Memorial Day holiday.</u></div>
<div><u>On Friday, Chicago corn closed higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 4.04 3/4 DEC19 HI 4.20</u></div>
<div><u> LOW 3.89 3/4 LOW 4.07 1/2</u></div>
<div><u> CLOSE4.04 1/4 Up 14 1/2 CLOSE 4.19 3/4 Up 11 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 +JUL19+SEP19+SEP19</u></div>
<div><u>CK Low 1.10 5.14 202.45 0.95 5.15 202.65</u></div>
<div><u>CK High 1.15 5.19 204.42 0.95 5.15 202.65</u></div>
<div><u>CK Avg 1.14 -0.18 5.18 204.09 0.95 -0.37 5.15 202.65</u></div>
<div><u>Essex Cty 1.15 5.19 204.42 0.95 5.15 202.65</u></div>
<div><u>Mdsx Low 1.10 5.14 202.45 0.95 5.15 202.65</u></div>
<div><u>Mdsx High 1.15 5.19 204.42 1.00 5.20 204.62</u></div>
<div><u>Mdsx Avg 1.13 -0.20 5.17 203.44 0.98 -0.35 5.17 203.63</u></div>
<div><u>Hensall 1.18 5.22 205.40 1.03 5.22 205.60</u></div>
<div><u>Bruce 1.15 5.19 204.42 1.00 5.20 204.62</u></div>
<div><u>Putnam 1.15 5.19 204.42 1.00 5.20 204.62</u></div>
<div><u>Burford 1.10 5.14 202.45 0.95 5.15 202.65</u></div>
<div><u>Port Perry 1.10 5.14 202.45 0.95 5.15 202.65</u></div>
<div><u>Norfolk 1.15 5.19 204.42 0.95 5.15 202.65</u></div>
<div><u>Palmerston 1.15 5.19 204.42 1.00 5.20 204.62</u></div>
<div><u>Varna 1.15 5.19 204.42 1.00 5.20 204.62</u></div>
<div><u>Trenton 1.10 5.14 202.45 0.95 5.15 202.65</u></div>
<div><u>Winchester 1.10 5.14 202.45 1.20 5.40 212.49</u></div>
<div><u>North Gower 1.10 5.14 202.45 1.18 5.38 211.70</u></div>
<div><u>Huron FOB 1.58 5.62 221.35 1.00 5.20 204.62</u></div>
<div><u>Kent FOB 1.45 5.49 216.23 0.95 5.15 202.65</u></div>
<div><u>Lamb FOB 1.55 5.59 220.17 1.00 5.20 204.62</u></div>
<div><u>Mdsx FOB 1.40 1.35 1.45 1.45 5.44 214.26 0.95 5.15 202.65</u></div>
<div><u>FOB SW Que 1.80 5.84 230.01 1.35 5.55 218.40</u></div>
<div><u>Track 1.68 5.72 225.09N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.83 1.21 5.41 212.88</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 N/A N/A 1.50 1.60 N/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 1.80 1.25 5.45 214.46</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 5.55 218.40</u></div>
<div><u>W O Feed 1.82 5.86 230.60</u></div>
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</u></div>
<div><u>US Rep 2.03 6.07 239.06</u></div>
<div><u>Toledo El. -0.05 3.99 157.03 -0.27 3.93 154.67</u></div>
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</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 5.35210 1/2</u></div>
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</u></div>
<div><u>MID SD CRN 0.95 5.14 3/4</u></div>
<div><u>HI SD CRN 0.95 5.14 3/4</u></div>
<div><u>*Wet Bid</u></div>
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</u></div>
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</u></div>
<div><u>Exchange rate was 1.3435 down 0.0002</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
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</u></div>
<div><u> JUL19 HI 8.31 1/2 NOV19 HI 8.58</u></div>
<div><u> LOW 8.20 LOW 8.46 1/2</u></div>
<div><u> CLOSE8.29 3/4 Up 8 1/4 CLOSE 8.56 1/4 Up 8</u></div>
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</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 1.96 10.26 376.901.95 10.51 386.27</u></div>
<div><u>CK High 2.05 10.35 380.212.00 10.56 388.11</u></div>
<div><u>CK Average 2.00 -0.6310.30 378.431.96 -0.7310.52 386.57</u></div>
<div><u>Essex Cty 2.05 10.35 380.211.95 10.51 386.27</u></div>
<div><u>Mdsx Low 1.91 10.21 375.061.90 10.46 384.43</u></div>
<div><u>Mdsx High 2.00 10.30 378.371.95 10.51 386.27</u></div>
<div><u>Mdsx Average 1.96 -0.6710.25 376.711.93 -0.7610.49 385.35</u></div>
<div><u>Hensall 2.00 10.30 378.371.95 10.51 386.27</u></div>
<div><u>Bruce 1.95 10.25 376.531.90 10.46 384.43</u></div>
<div><u>Putnam 2.00 10.30 378.371.95 10.51 386.27</u></div>
<div><u>Burford 1.96 10.26 376.901.95 10.51 386.27</u></div>
<div><u>Port Perry 1.93 10.23 375.801.92 10.48 385.17</u></div>
<div><u>Norfolk 2.00 10.30 378.371.95 10.51 386.27</u></div>
<div><u>Palmerston 1.90 10.20 374.691.90 10.46 384.43</u></div>
<div><u>Varna 2.00 10.30 378.371.95 10.51 386.27</u></div>
<div><u>Trenton 2.00 10.30 378.371.95 10.51 386.27</u></div>
<div><u>Winchester N/A 2.10 10.66 391.78</u></div>
<div><u>North Gower 1.99 10.29 378.001.99 10.55 387.74</u></div>
<div><u>Huron FOB 2.10 10.40 382.042.05 10.61 389.94</u></div>
<div><u>Kent FOB 2.25 10.55 387.551.95 10.51 386.27</u></div>
<div><u>Lambton FOB 2.20 10.50 385.722.10 10.66 391.78</u></div>
<div><u>Middlesex FOB2.10 2.17 2.24 N/A 10.40 382.042.02 10.58 388.84</u></div>
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</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.58 10.88 399.682.27 10.83 398.03</u></div>
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</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.55 10.85 398.582.40 10.96 402.80</u></div>
<div><u>Prescott N/A 2.30 10.86 399.13</u></div>
<div><u>Port Colborne N/A 2.32 10.88 399.86</u></div>
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</u></div>
<div><u>Toledo El. -0.54 7.76 285.13-0.74 7.82 287.47</u></div>
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</u></div>
<div><u>Exchange rate was 1.3435 down 0.0002</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>JUL19 HI 4.90 3/4 JUL19 HI 4.90 3/4</u></div>
<div><u> LOW 4.67 1/4 LOW 4.67 1/4</u></div>
<div><u> CLOSE 4.89 1/2 Up 19 1/4 CLOSE 4.89 1/2 Up 19 1/4</u></div>
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</u></div>
<div><u>Minni wheat closed higher.</u></div>
<div><u>JUL19 HI 5.51 SEP19 HI 5.57</u></div>
<div><u> LOW 5.34 1/4 LOW 5.42</u></div>
<div><u> CLOSE 5.48 Up 13 3/4 CLOSE 5.55 Up 12 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 1.68 1.75 1.55 0.94</u></div>
<div><u>CAD $/bu 6.58 6.64 6.44 6.42</u></div>
<div><u>CAD $/tonne 241.65 244.12 236.71 235.97</u></div>
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</u></div>
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</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 1.40 N/A N/A N/A 1.40 N/A</u></div>
<div><u>London 1.44 1.84 1.37 N/A 1.49 1.83 1.43 N/A</u></div>
<div><u>Hensall 1.60 N/A 1.40 N/A 1.60 N/A 1.35 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 1.80 1.40 N/A 1.60 1.75 1.35 1.10</u></div>
<div><u>Essex N/A N/A 1.40 N/A N/A N/A 1.40 N/A</u></div>
<div><u>Norwich 1.60 N/A 1.40 N/A 1.60 N/A 1.35 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A 1.75 1.40 N/A</u></div>
<div><u>Kent Bridge 1.60 N/A 1.40 N/A 1.60 N/A 1.35 N/A</u></div>
<div><u>Chatham N/A N/A 1.40 N/A N/A N/A 1.40 N/A</u></div>
<div><u>Brigden N/A N/A 1.40 N/A N/A N/A 1.40 N/A</u></div>
<div><u>Palmerston N/A 1.90 1.50 1.10 N/A 1.87 1.47 1.00</u></div>
<div><u>Varna 1.65 1.85 1.45 N/A 1.60 1.80 1.40 N/A</u></div>
<div><u>Mitchell 1.60 1.80 1.40 N/A 1.60 1.75 1.35 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.41 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 1.98</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.84 2.17 1.70 N/A</u></div>
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</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.68 N/A N/A N/A 1.68 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.82US 6.47CA 4.82US 6.47CA</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 1.75 2.08 1.61 1.17</u></div>
<div><u>CAD $/bu 6.64 6.98 6.51 6.72</u></div>
<div><u>CAD $/tonne 244.12 256.46 239.18 246.83</u></div>
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</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>
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</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 472.35</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00</u></div>
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<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="LPlnk207212" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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