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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 31</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3526 up 0.0020</u></div>
<div><u>Chicago corn closed lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 4.37 1/2 DEC19 HI 4.53 1/4</u></div>
<div><u> LOW 4.23 1/4 LOW 4.40 1/2</u></div>
<div><u> CLOSE4.27 Down 9 1/4 CLOSE 4.43 3/4 Down 8 1/2</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 +SEP19+SEP19+DEC19</u></div>
<div><u>CK Low 1.20 5.47 215.34 1.00 5.44 214.06</u></div>
<div><u>CK High 1.25 5.52 217.31 1.00 5.44 214.06</u></div>
<div><u>CK Avg 1.23 -0.21 5.50 216.33 1.00 -0.42 5.44 214.06</u></div>
<div><u>Essex Cty 1.25 5.52 217.31 1.00 5.44 214.06</u></div>
<div><u>Mdsx Low 1.20 5.47 215.34 1.00 5.44 214.06</u></div>
<div><u>Mdsx High 1.20 5.47 215.34 1.00 5.44 214.06</u></div>
<div><u>Mdsx Avg 1.20 -0.23 5.47 215.34 1.00 -0.42 5.44 214.06</u></div>
<div><u>Hensall 1.25 5.52 217.31 1.05 5.49 216.03</u></div>
<div><u>Bruce 1.25 5.52 217.31 1.00 5.44 214.06</u></div>
<div><u>Putnam 1.20 5.47 215.34 1.00 5.44 214.06</u></div>
<div><u>Burford 1.20 5.47 215.34 1.00 5.44 214.06</u></div>
<div><u>Port Perry 1.15 5.42 213.38 1.00 5.44 214.06</u></div>
<div><u>Norfolk 1.25 5.52 217.31 1.00 5.44 214.06</u></div>
<div><u>Palmerston 1.20 5.47 215.34 1.10 5.54 218.00</u></div>
<div><u>Varna 1.25 5.52 217.31 1.05 5.49 216.03</u></div>
<div><u>Trenton 1.15 5.42 213.38 1.00 5.44 214.06</u></div>
<div><u>Winchester 1.20 5.47 215.34 1.20 5.64 221.94</u></div>
<div><u>North Gower 1.15 5.42 213.38 1.18 5.62 221.15</u></div>
<div><u>Huron FOB 1.62 5.89 231.88 1.15 5.59 219.97</u></div>
<div><u>Kent FOB 1.50 5.77 227.15 1.00 5.44 214.06</u></div>
<div><u>Lamb FOB 1.60 5.87 231.09 1.10 5.54 218.00</u></div>
<div><u>Mdsx FOB 1.50 1.50N/A N/A 5.77 227.15 1.00 5.44 214.06</u></div>
<div><u>FOB SW Que 1.77 6.04 237.78 1.30 5.74 225.88</u></div>
<div><u>Track 1.68 5.95 234.04N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.83 1.36 5.80 228.24</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 1.50 1.60 1.50 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 1.85 1.85 1.25 5.69 223.91</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 5.79 227.84</u></div>
<div><u>W O Feed 1.88 6.15 242.11</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.20 6.47 254.71</u></div>
<div><u>Toledo El. 0.07 4.34 170.77 -0.20 4.23 166.71</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.25 5.69224</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.00 5.43 3/4</u></div>
<div><u>HI SD CRN 1.00 5.43 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 1.3526 up 0.0020</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.90 3/4 NOV19 HI 9.17 1/4</u></div>
<div><u> LOW 8.76 1/2 LOW 9.03 1/2</u></div>
<div><u> CLOSE8.77 3/4 Down 11 1/4 CLOSE 9.04 3/4 Down 10 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+NOV19</u></div>
<div><u>CK Low 2.30 11.08 407.032.20 11.25 413.27</u></div>
<div><u>CK High 2.30 11.08 407.032.25 11.30 415.11</u></div>
<div><u>CK Average 2.30 -0.5911.08 407.032.22 -0.7211.26 413.89</u></div>
<div><u>Essex Cty 2.30 11.08 407.032.20 11.25 413.27</u></div>
<div><u>Mdsx Low 2.25 11.03 405.192.20 11.25 413.27</u></div>
<div><u>Mdsx High 2.30 11.08 407.032.20 11.25 413.27</u></div>
<div><u>Mdsx Average 2.28 -0.6111.05 406.112.20 -0.7311.25 413.27</u></div>
<div><u>Hensall 2.30 11.08 407.032.20 11.25 413.27</u></div>
<div><u>Bruce 2.30 11.08 407.032.20 11.25 413.27</u></div>
<div><u>Putnam 2.30 11.08 407.032.20 11.25 413.27</u></div>
<div><u>Burford 2.30 11.08 407.032.25 11.30 415.11</u></div>
<div><u>Port Perry 2.27 11.05 405.932.22 11.27 414.01</u></div>
<div><u>Norfolk 2.30 11.08 407.032.20 11.25 413.27</u></div>
<div><u>Palmerston 2.20 10.98 403.352.15 11.20 411.44</u></div>
<div><u>Varna 2.30 11.08 407.032.20 11.25 413.27</u></div>
<div><u>Trenton 2.20 10.98 403.352.15 11.20 411.44</u></div>
<div><u>Winchester N/A 2.20 11.25 413.27</u></div>
<div><u>North Gower 1.99 10.77 395.642.18 11.23 412.54</u></div>
<div><u>Huron FOB 2.45 11.23 412.542.30 11.35 416.95</u></div>
<div><u>Kent FOB 2.55 11.33 416.212.20 11.25 413.27</u></div>
<div><u>Lambton FOB 2.55 11.33 416.212.30 11.35 416.95</u></div>
<div><u>Middlesex FOB2.46 2.52 N/A N/A 11.24 412.912.30 11.35 416.95</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.76 11.54 423.932.52 11.57 425.03</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.85 11.63 427.242.65 11.70 429.81</u></div>
<div><u>Prescott N/A 2.55 11.60 426.14</u></div>
<div><u>Port Colborne N/A 2.69 11.74 431.28</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.47 8.30 305.12-0.74 8.30 305.10</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3526 up 0.0020</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>JUL19 HI 5.20 JUL19 HI 5.20</u></div>
<div><u> LOW 5.00 3/4 LOW 5.00 3/4</u></div>
<div><u> CLOSE 5.03 Down 11 1/2 CLOSE 5.03 Down 11 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>JUL19 HI 5.67 1/2 SEP19 HI 5.76 1/4</u></div>
<div><u> LOW 5.50 1/4 LOW 5.59 1/4</u></div>
<div><u> CLOSE 5.52 Down 11 1/2 CLOSE 5.61 Down 11</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 1.77 1.84 1.64 1.00</u></div>
<div><u>CAD $/bu 6.80 6.87 6.67 6.52</u></div>
<div><u>CAD $/tonne 249.99 252.48 245.02 239.56</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 1.50 N/A N/A N/A 1.50 N/A</u></div>
<div><u>London 1.57 1.97 1.50 N/A 1.62 1.96 1.56 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 1.50 N/A</u></div>
<div><u>Bruce 1.60 1.95 1.50 N/A 1.60 1.90 1.50 1.10</u></div>
<div><u>Essex N/A N/A 1.55 N/A N/A N/A 1.55 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 1.80 1.50 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 1.55 N/A N/A N/A 1.55 N/A</u></div>
<div><u>Brigden N/A N/A 1.55 N/A N/A N/A 1.55 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 1.75 1.95 1.55 N/A 1.65 1.90 1.55 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 1.63 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 2.10</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 1.97 2.30 1.83 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.84 N/A N/A N/A 1.84 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.95US 6.70CA 4.95US 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 1.91 2.25 1.77 1.30</u></div>
<div><u>CAD $/bu 6.94 7.28 6.80 6.91</u></div>
<div><u>CAD $/tonne 254.96 267.39 249.99 253.97</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 499.69</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</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="LPlnk292047" 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="LPlnk864507" 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>
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<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>
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