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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, June 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3442 down 0.0084</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 4.30 3/4 DEC19 HI 4.47 1/4</u></div>
<div><u> LOW 4.18 1/4 LOW 4.35 1/2</u></div>
<div><u> CLOSE4.24 1/4 Down 2 3/4 CLOSE 4.41 3/4 Down 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 5.44 214.26 1.00 5.42 213.28</u></div>
<div><u>CK High 1.25 5.49 216.23 1.05 5.47 215.25</u></div>
<div><u>CK Avg 1.24 -0.16 5.48 215.90 1.03 -0.36 5.45 214.59</u></div>
<div><u>Essex Cty 1.25 5.49 216.23 1.05 5.47 215.25</u></div>
<div><u>Mdsx Low 1.25 5.49 216.23 1.05 5.47 215.25</u></div>
<div><u>Mdsx High 1.25 5.49 216.23 1.05 5.47 215.25</u></div>
<div><u>Mdsx Avg 1.25 -0.16 5.49 216.23 1.05 -0.35 5.47 215.25</u></div>
<div><u>Hensall 1.28 5.52 217.21 1.08 5.49 216.23</u></div>
<div><u>Bruce 1.25 5.49 216.23 1.05 5.47 215.25</u></div>
<div><u>Putnam 1.25 5.49 216.23 1.05 5.47 215.25</u></div>
<div><u>Burford 1.25 5.49 216.23 1.05 5.47 215.25</u></div>
<div><u>Port Perry 1.20 5.44 214.26 1.05 5.47 215.25</u></div>
<div><u>Norfolk 1.25 5.49 216.23 1.05 5.47 215.25</u></div>
<div><u>Palmerston 1.20 5.44 214.26 1.10 5.52 217.21</u></div>
<div><u>Varna 1.25 5.49 216.23 1.05 5.47 215.25</u></div>
<div><u>Trenton 1.15 5.39 212.29 1.00 5.42 213.28</u></div>
<div><u>Winchester 1.18 5.42 213.47 1.15 5.57 219.18</u></div>
<div><u>North Gower 1.15 5.39 212.29 1.18 5.60 220.36</u></div>
<div><u>Huron FOB 1.62 5.86 230.80 1.15 5.57 219.18</u></div>
<div><u>Kent FOB 1.50 5.74 226.07 1.05 5.47 215.25</u></div>
<div><u>Lamb FOB 1.60 5.84 230.01 1.10 5.52 217.21</u></div>
<div><u>Mdsx FOB 1.50 1.50N/A N/A 5.74 226.07 1.00 5.42 213.28</u></div>
<div><u>FOB SW Que 1.61 5.85 230.40 1.30 5.72 225.09</u></div>
<div><u>Track 1.65 5.89 231.98N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.82 1.34 5.76 226.66</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 5.67 223.12</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 5.77 227.06</u></div>
<div><u>W O Feed 1.87 6.11 240.54</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.20 6.44 253.63</u></div>
<div><u>Toledo El. 0.07 4.31 169.67 -0.20 4.22 165.97</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.25 5.67223 1/8</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.02 1/2 5.44 1/4</u></div>
<div><u>HI SD CRN 1.05 5.46 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 1.3442 down 0.0084</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.86 1/2 NOV19 HI 9.13</u></div>
<div><u> LOW 8.73 1/2 LOW 9.00 1/2</u></div>
<div><u> CLOSE8.79 Up 1 1/4 CLOSE 9.06 1/4 Up 1 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+AUG1+NOV19</u></div>
<div><u>CK Low 2.25 11.04 405.652.20 11.26 413.83</u></div>
<div><u>CK High 2.30 11.09 407.492.25 11.31 415.66</u></div>
<div><u>CK Average 2.29 -0.5511.08 407.182.21 -0.6711.28 414.32</u></div>
<div><u>Essex Cty 2.30 11.09 407.492.20 11.26 413.83</u></div>
<div><u>Mdsx Low 2.25 11.04 405.652.18 11.24 413.09</u></div>
<div><u>Mdsx High 2.30 11.09 407.492.20 11.26 413.83</u></div>
<div><u>Mdsx Average 2.28 -0.5611.07 406.572.19 -0.6911.25 413.46</u></div>
<div><u>Hensall 2.30 11.09 407.492.20 11.26 413.83</u></div>
<div><u>Bruce 2.30 11.09 407.492.20 11.26 413.83</u></div>
<div><u>Putnam 2.30 11.09 407.492.20 11.26 413.83</u></div>
<div><u>Burford 2.30 11.09 407.492.23 11.29 414.93</u></div>
<div><u>Port Perry 2.27 11.06 406.392.20 11.26 413.83</u></div>
<div><u>Norfolk 2.30 11.09 407.492.20 11.26 413.83</u></div>
<div><u>Palmerston 2.20 10.99 403.812.15 11.21 411.99</u></div>
<div><u>Varna 2.30 11.09 407.492.20 11.26 413.83</u></div>
<div><u>Trenton 2.20 10.99 403.812.15 11.21 411.99</u></div>
<div><u>Winchester N/A 2.16 11.22 412.36</u></div>
<div><u>North Gower 2.06 10.85 398.672.29 11.35 417.13</u></div>
<div><u>Huron FOB 2.45 11.24 413.002.30 11.36 417.50</u></div>
<div><u>Kent FOB 2.55 11.34 416.672.20 11.26 413.83</u></div>
<div><u>Lambton FOB 2.55 11.34 416.672.30 11.36 417.50</u></div>
<div><u>Middlesex FOB2.46 2.53 N/A N/A 11.25 413.372.30 11.36 417.50</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.69 11.48 421.822.45 11.51 423.01</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.85 11.64 427.702.65 11.71 430.36</u></div>
<div><u>Prescott N/A 2.55 11.61 426.69</u></div>
<div><u>Port Colborne N/A 2.65 11.71 430.36</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.47 8.32 305.69-0.74 8.32 305.83</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3442 down 0.0084</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>JUL19 HI 5.22 3/4 JUL19 HI 5.22 3/4</u></div>
<div><u> LOW 5.03 LOW 5.03</u></div>
<div><u> CLOSE 5.19 3/4 Up 16 3/4 CLOSE 5.19 3/4 Up 16 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher to higher.</u></div>
<div><u>JUL19 HI 5.67 1/4 SEP19 HI 5.76 1/2</u></div>
<div><u> LOW 5.52 1/2 LOW 5.62</u></div>
<div><u> CLOSE 5.63 1/2 Up 11 1/2 CLOSE 5.72 3/4 Up 11 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 1.79 1.86 1.65 1.00</u></div>
<div><u>CAD $/bu 6.99 7.05 6.85 6.63</u></div>
<div><u>CAD $/tonne 256.70 259.17 251.77 243.74</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 1.58 1.99 1.51 N/A 1.64 1.98 1.57 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 1.55 N/A 1.60 1.90 1.55 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 1.40 N/A 1.96 1.56 1.20</u></div>
<div><u>Varna N/A N/A N/A 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 1.70 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.70 1.45 0.85 N/A 2.06 1.66 1.15</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 1.98 2.32 1.85 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.99 N/A N/A N/A 1.99 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.12US 6.88CA 5.12US 6.88CA</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 1.92 2.26 1.79 1.30</u></div>
<div><u>CAD $/bu 7.12 7.46 6.99 7.03</u></div>
<div><u>CAD $/tonne 261.64 273.99 256.70 258.19</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 498.80</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00</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" id="LPlnk308345" class="OWAAutoLink" previewremoved="true" style=""><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" id="LPlnk388798" class="OWAAutoLink" previewremoved="true" style=""><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>
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