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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 28</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3479 up 0.0044</u></div>
<div><u>Chicago corn closed higher to sharply higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 4.21 DEC19 HI 4.37 1/2</u></div>
<div><u> LOW 4.07 1/2 LOW 4.22 1/2</u></div>
<div><u> CLOSE4.20 1/4 Up 16 CLOSE 4.37 Up 17 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 5.30 208.75 0.95 5.32 209.44</u></div>
<div><u>CK High 1.25 5.45 214.66 1.00 5.37 211.41</u></div>
<div><u>CK Avg 1.16 -0.23 5.36 211.05 0.98 -0.40 5.35 210.42</u></div>
<div><u>Essex Cty 1.25 5.45 214.66 1.00 5.37 211.41</u></div>
<div><u>Mdsx Low 1.10 5.30 208.75 1.00 5.37 211.41</u></div>
<div><u>Mdsx High 1.15 5.35 210.72 1.00 5.37 211.41</u></div>
<div><u>Mdsx Avg 1.13 -0.25 5.33 209.73 1.00 -0.39 5.37 211.41</u></div>
<div><u>Hensall 1.18 5.38 211.70 1.03 5.40 212.39</u></div>
<div><u>Bruce 1.15 5.35 210.72 1.00 5.37 211.41</u></div>
<div><u>Putnam 1.15 5.35 210.72 1.00 5.37 211.41</u></div>
<div><u>Burford 1.10 5.30 208.75 1.00 5.37 211.41</u></div>
<div><u>Port Perry 1.10 5.30 208.75 1.00 5.37 211.41</u></div>
<div><u>Norfolk 1.25 5.45 214.66 1.00 5.37 211.41</u></div>
<div><u>Palmerston 1.20 5.40 212.69 1.05 5.42 213.38</u></div>
<div><u>Varna 1.15 5.35 210.72 1.00 5.37 211.41</u></div>
<div><u>Trenton 1.10 5.30 208.75 0.95 5.32 209.44</u></div>
<div><u>Winchester 1.17 5.37 211.51 1.24 5.61 220.86</u></div>
<div><u>North Gower 1.15 5.35 210.72 1.18 5.55 218.49</u></div>
<div><u>Huron FOB 1.58 5.78 227.65 1.00 5.37 211.41</u></div>
<div><u>Kent FOB 1.55 5.75 226.47 1.00 5.37 211.41</u></div>
<div><u>Lamb FOB 1.60 5.80 228.43 1.05 5.42 213.38</u></div>
<div><u>Mdsx FOB 1.40 1.35 1.45 1.45 5.60 220.56 0.95 5.32 209.44</u></div>
<div><u>FOB SW Que 1.74 5.94 233.95 1.34 5.71 224.79</u></div>
<div><u>Track 1.70 5.90 232.37N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.74 1.15 5.52 217.31</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 1.85 1.25 5.62 221.25</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 5.72 225.19</u></div>
<div><u>W O Feed 1.82 6.02 236.90</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.03 6.23 245.36</u></div>
<div><u>Toledo El. -0.05 4.15 163.32 -0.27 4.10 161.43</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.15 5.52217 1/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.97 1/2 5.34 1/2</u></div>
<div><u>HI SD CRN 1.00 5.37</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3479 up 0.0044</u></div>
<div><u>Chicago soybeans closed higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.58 1/4 NOV19 HI 8.84 1/2</u></div>
<div><u> LOW 8.37 1/2 LOW 8.64 1/2</u></div>
<div><u> CLOSE8.56 Up 26 1/4 CLOSE 8.82 1/2 Up 26 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+JUL1+AUG19</u></div>
<div><u>CK Low 2.00 10.56 388.011.95 10.78 395.91</u></div>
<div><u>CK High 2.10 10.66 391.692.01 10.84 398.12</u></div>
<div><u>CK Average 2.06 -0.6810.62 390.161.99 -0.8010.82 397.51</u></div>
<div><u>Essex Cty 2.10 10.66 391.692.00 10.83 397.75</u></div>
<div><u>Mdsx Low 2.00 10.56 388.011.96 10.79 396.28</u></div>
<div><u>Mdsx High 2.10 10.66 391.692.00 10.83 397.75</u></div>
<div><u>Mdsx Average 2.05 -0.6910.61 389.851.98 -0.8110.81 397.02</u></div>
<div><u>Hensall 2.05 10.61 389.851.98 10.80 396.83</u></div>
<div><u>Bruce 2.00 10.56 388.011.95 10.78 395.91</u></div>
<div><u>Putnam 2.10 10.66 391.692.00 10.83 397.75</u></div>
<div><u>Burford 2.05 10.61 389.852.01 10.84 398.12</u></div>
<div><u>Port Perry 2.02 10.58 388.751.98 10.81 397.02</u></div>
<div><u>Norfolk 2.05 10.61 389.852.00 10.83 397.75</u></div>
<div><u>Palmerston 2.00 10.56 388.012.00 10.83 397.75</u></div>
<div><u>Varna 2.00 10.56 388.011.95 10.78 395.91</u></div>
<div><u>Trenton 2.00 10.56 388.011.95 10.78 395.91</u></div>
<div><u>Winchester N/A 2.00 10.83 397.75</u></div>
<div><u>North Gower 1.99 10.55 387.652.10 10.93 401.43</u></div>
<div><u>Huron FOB 2.10 10.66 391.692.05 10.88 399.59</u></div>
<div><u>Kent FOB 2.30 10.86 399.042.00 10.83 397.75</u></div>
<div><u>Lambton FOB 2.30 10.86 399.042.15 10.98 403.26</u></div>
<div><u>Middlesex FOB2.23 2.30 2.36 N/A 10.79 396.462.15 10.98 403.26</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.71 11.27 414.102.40 11.23 412.45</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.60 11.16 410.062.45 11.28 414.29</u></div>
<div><u>Prescott N/A 2.40 11.23 412.45</u></div>
<div><u>Port Colborne N/A 2.49 11.32 415.76</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.54 8.02 294.72-0.74 8.08 297.02</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3479 up 0.0044</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>JUL19 HI 5.09 1/4 JUL19 HI 5.09 1/4</u></div>
<div><u> LOW 4.94 1/2 LOW 4.94 1/2</u></div>
<div><u> CLOSE 5.04 3/4 Up 15 1/4 CLOSE 5.04 3/4 Up 15 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>JUL19 HI 5.61 SEP19 HI 5.68 1/4</u></div>
<div><u> LOW 5.51 LOW 5.57 3/4</u></div>
<div><u> CLOSE 5.57 1/2 Up 9 1/2 CLOSE 5.64 3/4 Up 9 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 1.76 1.82 1.62 1.00</u></div>
<div><u>CAD $/bu 6.80 6.87 6.67 6.57</u></div>
<div><u>CAD $/tonne 249.98 252.46 245.03 241.44</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 1.40 N/A N/A N/A 1.40 N/A</u></div>
<div><u>London 1.54 1.95 1.48 N/A 1.60 1.93 1.53 N/A</u></div>
<div><u>Hensall 1.65 N/A 1.45 N/A 1.65 N/A 1.45 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.35 N/A</u></div>
<div><u>Bruce 1.60 1.80 1.45 N/A 1.60 1.75 1.40 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 1.65 N/A 1.45 N/A 1.65 N/A 1.45 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 1.65 N/A 1.45 N/A 1.65 N/A 1.45 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 1.95 1.55 1.10 N/A 1.97 1.57 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 1.65 1.80 1.45 N/A 1.65 1.80 1.45 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.56 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.60 1.35 0.75 N/A 1.92 1.57 0.99</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 1.95 2.28 1.81 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.82 N/A N/A N/A 1.82 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.97US 6.70CA 4.97US 6.70CA</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 1.82 2.16 1.69 1.22</u></div>
<div><u>CAD $/bu 6.87 7.21 6.74 6.87</u></div>
<div><u>CAD $/tonne 252.46 264.84 247.51 252.46</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 490.32</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
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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>
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