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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, June 4</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3381 down 0.0061</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 4.36 DEC19 HI 4.53 1/4</u></div>
<div><u> LOW 4.21 1/4 LOW 4.40</u></div>
<div><u> CLOSE4.25 1/4 Up 1 CLOSE 4.44 Up 2 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 +SEP19+SEP19+DEC19</u></div>
<div><u>CK Low 1.25 5.50 216.62 1.05 5.49 216.13</u></div>
<div><u>CK High 1.35 5.60 220.56 1.05 5.49 216.13</u></div>
<div><u>CK Avg 1.32 -0.09 5.57 219.25 1.05 -0.34 5.49 216.13</u></div>
<div><u>Essex Cty 1.35 5.60 220.56 1.05 5.49 216.13</u></div>
<div><u>Mdsx Low 1.25 5.50 216.62 1.05 5.49 216.13</u></div>
<div><u>Mdsx High 1.35 5.60 220.56 1.05 5.49 216.13</u></div>
<div><u>Mdsx Avg 1.30 -0.10 5.55 218.59 1.05 -0.34 5.49 216.13</u></div>
<div><u>Hensall 1.30 5.55 218.59 1.10 5.54 218.10</u></div>
<div><u>Bruce 1.30 5.55 218.59 1.05 5.49 216.13</u></div>
<div><u>Putnam 1.25 5.50 216.62 1.05 5.49 216.13</u></div>
<div><u>Burford 1.35 5.60 220.56 1.05 5.49 216.13</u></div>
<div><u>Port Perry 1.25 5.50 216.62 1.05 5.49 216.13</u></div>
<div><u>Norfolk 1.35 5.60 220.56 1.05 5.49 216.13</u></div>
<div><u>Palmerston 1.25 5.50 216.62 1.05 5.49 216.13</u></div>
<div><u>Varna 1.30 5.55 218.59 1.10 5.54 218.10</u></div>
<div><u>Trenton 1.20 5.45 214.66 1.00 5.44 214.16</u></div>
<div><u>Winchester 1.20 5.45 214.66 1.20 5.64 222.04</u></div>
<div><u>North Gower 1.20 5.45 214.66 1.18 5.62 221.25</u></div>
<div><u>Huron FOB 1.58 5.83 229.62 1.08 5.52 217.31</u></div>
<div><u>Kent FOB 1.60 5.85 230.40 1.05 5.49 216.13</u></div>
<div><u>Lamb FOB 1.60 5.85 230.40 1.10 5.54 218.10</u></div>
<div><u>Mdsx FOB 1.55 1.55N/A N/A 5.80 228.43 1.10 5.54 218.10</u></div>
<div><u>FOB SW Que 1.86 6.11 240.64 1.26 5.70 224.40</u></div>
<div><u>Track 1.70 5.95 234.34N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.98 1.31 5.75 226.37</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 1.60 1.50N/A 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 5.69 224.01</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 5.79 227.94</u></div>
<div><u>W O Feed 1.89 6.14 241.72</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.20 6.45 254.02</u></div>
<div><u>Toledo El. 0.07 4.32 170.05 -0.20 4.24 166.89</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.05 5.49</u></div>
<div><u>HI SD CRN 1.05 5.49</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3381 down 0.0061</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 8.94 1/2 NOV19 HI 9.21 1/4</u></div>
<div><u> LOW 8.78 1/2 LOW 9.06 1/4</u></div>
<div><u> CLOSE8.81 3/4 Up 2 3/4 CLOSE 9.09 1/4 Up 3</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 11.07 406.662.14 11.23 412.72</u></div>
<div><u>CK High 2.30 11.12 408.502.25 11.34 416.77</u></div>
<div><u>CK Average 2.26 -0.5411.08 406.972.17 -0.6711.27 413.95</u></div>
<div><u>Essex Cty 2.25 11.07 406.662.15 11.24 413.09</u></div>
<div><u>Mdsx Low 2.20 11.02 404.822.09 11.18 410.89</u></div>
<div><u>Mdsx High 2.25 11.07 406.662.15 11.24 413.09</u></div>
<div><u>Mdsx Average 2.23 -0.5611.04 405.742.12 -0.7111.21 411.99</u></div>
<div><u>Hensall 2.25 11.07 406.662.15 11.24 413.09</u></div>
<div><u>Bruce 2.25 11.07 406.662.15 11.24 413.09</u></div>
<div><u>Putnam 2.25 11.07 406.662.15 11.24 413.09</u></div>
<div><u>Burford 2.25 11.07 406.662.14 11.23 412.72</u></div>
<div><u>Port Perry 2.22 11.04 405.562.11 11.20 411.62</u></div>
<div><u>Norfolk 2.25 11.07 406.662.15 11.24 413.09</u></div>
<div><u>Palmerston 2.20 11.02 404.822.20 11.29 414.93</u></div>
<div><u>Varna 2.25 11.07 406.662.15 11.24 413.09</u></div>
<div><u>Trenton 2.30 11.12 408.502.20 11.29 414.93</u></div>
<div><u>Winchester N/A 2.12 11.21 411.99</u></div>
<div><u>North Gower 2.12 10.94 401.882.23 11.32 416.03</u></div>
<div><u>Huron FOB 2.40 11.22 412.172.25 11.34 416.77</u></div>
<div><u>Kent FOB 2.45 11.27 414.012.15 11.24 413.09</u></div>
<div><u>Lambton FOB 2.55 11.37 417.682.30 11.39 418.60</u></div>
<div><u>Middlesex FOB2.42 2.49 2.51 N/A 11.24 412.912.28 11.37 417.87</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.65 11.47 421.362.41 11.50 422.64</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.75 11.57 425.032.60 11.69 429.63</u></div>
<div><u>Prescott N/A 2.55 11.64 427.79</u></div>
<div><u>Port Colborne N/A 2.66 11.75 431.83</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.47 8.35 306.78-0.74 8.36 307.05</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3381 down 0.0061</u></div>
<div><u>Chicago wheat closed slightly lower to lower.</u></div>
<div><u>JUL19 HI 5.29 JUL19 HI 5.29</u></div>
<div><u> LOW 5.01 1/4 LOW 5.01 1/4</u></div>
<div><u> CLOSE 5.07 1/4 Down 12 1/2 CLOSE 5.07 1/4 Down 12 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL19 HI 5.67 SEP19 HI 5.75 3/4</u></div>
<div><u> LOW 5.56 LOW 5.64 3/4</u></div>
<div><u> CLOSE 5.60 1/2 Down 3 CLOSE 5.70 Down 2 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 1.71 1.78 1.58 0.96</u></div>
<div><u>CAD $/bu 6.79 6.85 6.65 6.56</u></div>
<div><u>CAD $/tonne 249.39 251.85 244.47 241.16</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 1.55 N/A N/A N/A 1.55 N/A</u></div>
<div><u>London 1.54 1.94 1.47 N/A 1.59 1.93 1.53 N/A</u></div>
<div><u>Hensall 1.65 N/A 1.55 N/A 1.65 N/A 1.55 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.55 N/A</u></div>
<div><u>Bruce 1.60 1.95 1.55 N/A 1.60 1.95 1.55 1.20</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 1.55 N/A 1.65 N/A 1.55 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A 1.90 1.60 N/A</u></div>
<div><u>Kent Bridge 1.65 N/A 1.55 N/A 1.65 N/A 1.55 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 1.98 1.58 1.20</u></div>
<div><u>Varna 1.75 1.95 1.55 N/A 1.65 1.95 1.55 N/A</u></div>
<div><u>Mitchell 1.65 1.90 1.55 N/A 1.65 1.90 1.55 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.57 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.70 1.45 0.85 N/A 2.08 1.68 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 1.94 2.27 1.80 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.92 N/A N/A N/A 1.92 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.99US 6.68CA 4.99US 6.68CA</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 1.85 2.18 1.71 1.26</u></div>
<div><u>CAD $/bu 6.92 7.26 6.79 6.96</u></div>
<div><u>CAD $/tonne 254.31 266.60 249.39 255.66</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 499.36</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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