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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, April 22<br>
</u></span></div>
<div style="font-family:"Courier New",monospace; font-size:10pt; color:rgb(0,0,0)">
<span><u></u></span>
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.4167 down 0.0013<br>
</u></div>
<div><u>Chicago corn closed moderately higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAY20 HI 3.20 1/4 DEC20 HI 3.40 1/4<br>
</u></div>
<div><u> LOW 3.08 1/4 LOW 3.31<br>
</u></div>
<div><u> CLOSE3.17 1/2 Up 8 1/4 CLOSE 3.36 3/4 Up 4 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS<br>
</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +JUL20+JUL20+SEP20<br>
</u></div>
<div><u>CK Low 1.30 4.48 176.17 0.90 4.27 168.00<br>
</u></div>
<div><u>CK High 1.30 4.48 176.17 0.90 4.27 168.00<br>
</u></div>
<div><u>CK Avg 1.30 -0.02 4.48 176.17 0.90 -0.35 4.27 168.00<br>
</u></div>
<div><u>Essex Cty 1.30 4.48 176.17 0.90 4.27 168.00<br>
</u></div>
<div><u>Mdsx Low 1.30 4.48 176.17 0.90 4.27 168.00<br>
</u></div>
<div><u>Mdsx High 1.30 4.48 176.17 0.90 4.27 168.00<br>
</u></div>
<div><u>Mdsx Avg 1.30 -0.02 4.48 176.17 0.90 -0.35 4.27 168.00<br>
</u></div>
<div><u>Hensall 1.33 4.50 177.16 0.93 4.29 168.99<br>
</u></div>
<div><u>Bruce 1.30 4.48 176.17 0.90 4.27 168.00<br>
</u></div>
<div><u>Putnam 1.30 4.48 176.17 0.90 4.27 168.00<br>
</u></div>
<div><u>Burford 1.30 4.48 176.17 0.90 4.27 168.00<br>
</u></div>
<div><u>Port Perry 1.40 4.58 180.11 1.05 4.42 173.91<br>
</u></div>
<div><u>Norfolk 1.30 4.48 176.17 0.90 4.27 168.00<br>
</u></div>
<div><u>Palmerston 1.32 4.50 176.96 0.89 4.26 167.61<br>
</u></div>
<div><u>Varna 1.30 4.48 176.17 0.90 4.27 168.00<br>
</u></div>
<div><u>Trenton 1.40 4.58 180.11 1.15 4.52 177.85<br>
</u></div>
<div><u>Winchester 1.40 4.58 180.11 1.40 4.77 187.69<br>
</u></div>
<div><u>North Gower 1.38 4.56 179.32 1.35 4.72 185.72<br>
</u></div>
<div><u>Vankleek Hil 1.14 4.32 169.87 0.95 4.32 169.97<br>
</u></div>
<div><u>Huron FOB 1.30 4.48 176.17 0.95 4.32 169.97<br>
</u></div>
<div><u>Kent FOB N/A 0.95 4.32 169.97<br>
</u></div>
<div><u>Lamb FOB N/A 1.03 4.40 173.12<br>
</u></div>
<div><u>Mdsx FOB 1.35N/A N/A N/A 4.53 178.14 0.95 4.32 169.97<br>
</u></div>
<div><u>FOB SW Que 2.47 5.65 222.23N/A<br>
</u></div>
<div><u>Track 1.62 4.80 188.77N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.62 4.99 196.35<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.15 4.52 177.85<br>
</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.20 4.57 179.81<br>
</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Cardnl-Ing N/A 1.95N/A 1.95 1.45 4.82 189.66<br>
</u></div>
<div><u>W O Feed 1.82 4.99 196.57<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.75 4.93 193.89<br>
</u></div>
<div><u>Toledo El. -0.14 3.03 119.42 -0.42 2.94 115.86<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.85 5.03 197.83 1.30 4.67183 3/4<br>
</u></div>
<div><u>Prescott 1.99 5.17 203.34N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 4.47 1/2 0.90 4.26 3/4<br>
</u></div>
<div><u>*Wet Bid<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.4167 down 0.0013<br>
</u></div>
<div><u>Chicago soybeans closed mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAY20 HI 8.39 NOV20 HI 8.54 3/4<br>
</u></div>
<div><u> LOW 8.27 LOW 8.43 3/4<br>
</u></div>
<div><u> CLOSE8.34 3/4 Up 4 CLOSE 8.46 1/2 Down 1 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP<br>
</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +MAY2+JUL2+SEP20<br>
</u></div>
<div><u>CK Low 2.90 11.25 413.272.85 11.32 415.76<br>
</u></div>
<div><u>CK High 2.90 11.25 413.272.85 11.32 415.76<br>
</u></div>
<div><u>CK Average 2.90 -0.4111.25 413.272.85 -0.4711.32 415.76<br>
</u></div>
<div><u>Essex Cty 2.90 11.25 413.272.80 11.27 413.92<br>
</u></div>
<div><u>Mdsx Low 2.88 11.23 412.542.83 11.30 415.02<br>
</u></div>
<div><u>Mdsx High 2.90 11.25 413.272.85 11.32 415.76<br>
</u></div>
<div><u>Mdsx Average 2.89 -0.4211.24 412.912.84 -0.4711.31 415.39<br>
</u></div>
<div><u>Hensall 2.90 11.25 413.272.83 11.29 414.84<br>
</u></div>
<div><u>Bruce 2.90 11.25 413.272.80 11.27 413.92<br>
</u></div>
<div><u>Putnam 2.90 11.25 413.272.85 11.32 415.76<br>
</u></div>
<div><u>Burford 2.95 11.30 415.112.90 11.37 417.59<br>
</u></div>
<div><u>Port Perry 2.90 11.25 413.272.85 11.32 415.76<br>
</u></div>
<div><u>Norfolk 2.90 11.25 413.272.85 11.32 415.76<br>
</u></div>
<div><u>Palmerston 2.97 11.32 415.852.80 11.27 413.92<br>
</u></div>
<div><u>Varna 2.90 11.25 413.272.80 11.27 413.92<br>
</u></div>
<div><u>Trenton 2.90 11.25 413.272.85 11.32 415.76<br>
</u></div>
<div><u>Winchester 2.90 11.25 413.272.85 11.32 415.76<br>
</u></div>
<div><u>North Gower 2.85 11.20 411.442.75 11.22 412.08<br>
</u></div>
<div><u>Vankleek Hill N/A 2.74 11.21 411.71<br>
</u></div>
<div><u>Huron FOB 3.05 11.40 418.792.90 11.37 417.59<br>
</u></div>
<div><u>Kent FOB 2.95 11.30 415.112.85 11.32 415.76<br>
</u></div>
<div><u>Lambton FOB 3.05 11.40 418.792.90 11.37 417.59<br>
</u></div>
<div><u>Middlesex FOB3.05 3.12 N/A N/A 11.40 418.792.95 11.42 419.43<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.27 11.62 426.873.03 11.50 422.37<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.30 11.65 427.973.30 11.77 432.29<br>
</u></div>
<div><u>Prescott N/A 3.16 11.63 427.15<br>
</u></div>
<div><u>Port Colborne3.46 11.81 433.853.29 11.76 431.92<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.35 306.72-0.42 8.04 295.44<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.4167 down 0.0013<br>
</u></div>
<div><u>Chicago wheat closed slightly lower.<br>
</u></div>
<div><u>MAY20 HI 5.49 3/4 SEP20 HI 5.51<br>
</u></div>
<div><u> LOW 5.38 LOW 5.40 1/2<br>
</u></div>
<div><u> CLOSE 5.43 Down 3 3/4 CLOSE 5.46 1/2 Down 2 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>MAY20 HI 5.06 1/4 SEP20 HI 5.29 1/4<br>
</u></div>
<div><u> LOW 5.02 1/2 LOW 5.25 1/2<br>
</u></div>
<div><u> CLOSE 5.03 3/4 Down 1 1/4 CLOSE 5.26 3/4 Down 1 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 2.48 2.69 2.48 1.60<br>
</u></div>
<div><u>CAD $/bu 7.91 8.12 7.91 6.64<br>
</u></div>
<div><u>CAD $/tonne 290.47 298.28 290.47 244.01<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2019 Harvest 2020<br>
</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS<br>
</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</u></div>
<div><u>ELEVATORS<br>
</u></div>
<div><u>Brgssvll N/A N/A N/A N/A N/A N/A 1.52 N/A<br>
</u></div>
<div><u>London 2.25 2.53 2.18 N/A 1.87 2.01 1.58 N/A<br>
</u></div>
<div><u>Hensall 2.10 N/A 2.10 N/A 1.72 N/A 1.52 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.57 N/A<br>
</u></div>
<div><u>Bruce 2.00 2.50 2.10 2.28 1.62 1.97 1.57 1.55<br>
</u></div>
<div><u>Essex N/A N/A 2.00 N/A N/A N/A 1.47 N/A<br>
</u></div>
<div><u>Norwich 2.10 N/A 2.10 N/A 1.72 N/A 1.52 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 2.10 N/A N/A N/A 1.57 N/A<br>
</u></div>
<div><u>Kent Bridge 2.10 N/A 2.10 N/A 1.72 N/A 1.52 N/A<br>
</u></div>
<div><u>Chatham N/A N/A N/A N/A N/A N/A 1.52 N/A<br>
</u></div>
<div><u>Brigden N/A N/A N/A N/A N/A N/A 1.52 N/A<br>
</u></div>
<div><u>Palmerston N/A 2.48 2.12 1.89 N/A 1.99 1.52 1.27<br>
</u></div>
<div><u>Varna 2.20 2.50 2.10 N/A 1.67 1.97 1.57 N/A<br>
</u></div>
<div><u>Mitchell 2.10 2.25 2.10 N/A 1.72 1.92 1.52 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 2.73 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 2.25 2.00 1.30 N/A 2.00 1.65 1.20<br>
</u></div>
<div><u>W O Feed 2.73<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.53 N/A N/A N/A 2.00 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.26 N/A N/A N/A 2.22 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.48US 7.76CA 5.44US 7.69CA<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 1.91 2.27 1.91 1.34<br>
</u></div>
<div><u>CAD $/bu 7.38 7.73 7.38 6.60<br>
</u></div>
<div><u>CAD $/tonne 271.11 284.10 271.11 242.64<br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures<br>
</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange<br>
</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS<br>
</u></div>
<div><u>FOB Hm Soymeal 503.65<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm -<br>
</u></div>
<div><u><br>
</u></div>
<div>---</div>
<div><br>
</div>
<div>Ontario Grain Market Commentary for April 22, 2020</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div><br>
</div>
<div>
<div>Wednesday, April 22, 2020<br>
</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT<br>
</div>
<div>Corn CBOT May 3.19¨ù ¡é 10¨ú cents<br>
</div>
<div>Soybeans CBOT May 8.42 ¡é 12¨ö cents<br>
</div>
<div>Wheat CBOT May 5.40¨ù ¡é 8 cents<br>
</div>
<div>Wheat Minn. May 5.14 ¡é 16 cents<br>
</div>
<div>Wheat Kansas May 4.79¨ö ¡è 1¨ö cents<br>
</div>
<div>Oats CBOT May 2.85¨ö ¡è 10 cents<br>
</div>
<div><br>
</div>
<div>Canadian $ Mar 0.7128 ¡è 9 points<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>CORN: <br>
</div>
<div>U.S. corn is 7% planted compared to a five-year average of 9 per cent. The slower planting pace may be attributed to cold, wet weather over much of the corn belt.<br>
</div>
<div>According to the Renewable Fuels Association, U.S. ethanol sales in 2020 could possibly fall by more than $10 billion. Additionally, the industries contribution to GDP may drop by nearly a third. Of the ethanol plants in the U.S., 73 are idle, while another
71 are running at limited capacity.<br>
</div>
<div><br>
</div>
<div>SOYBEANS: <br>
</div>
<div>The USDA has reported that 2% of soybeans have been planted. The five-year average is 5% complete by this time.<br>
</div>
<div>Brazil has exported over 9 million tonnes of soybeans in the first three weeks of April. This is a 28% increase from the previous month. It is estimated that Brazil could export 12 million tonnes through the month of April. The majority of these exports
continues to be to China. Brazil has exported approximately 24 million tonnes this marketing year compared to 20 million tonnes during the same period last year.<br>
</div>
<div><br>
</div>
<div>WHEAT:<br>
</div>
<div>U.S. winter wheat ratings fell by 5% this week to 57% good-to excellent, while poor-to very poor rating was 13%. This may be attributed to the cold snap last week in much of the wheat-producing area in the U.S.<br>
</div>
<div>Turkey, known for its wheat flour exports, is now emerging as a wheat importer. Domestic demand is expected to grow to 19.9 million tonnes this year. While domestic production is roughly 20 million tonnes annually, Turkey is expected to import over 10
million tonnes this year. This represents an increase of 60% from previous years. The majority of this wheat is expected to come from Russia.<br>
</div>
<div><br>
</div>
<div>2019 cash prices for April 22, 2020, at the market close, are as follows:<br>
</div>
<div><br>
</div>
<div>SWW at $290.48/mt ($7.91bu), HRW at $298.30/mt ($8.12 /bu), <br>
</div>
<div>HRS at $ 244.03/mt ($6.64/bu), and SRW at $290.48 /mt ($7.91/bu).<br>
</div>
<div><br>
</div>
<div>We currently offer 2020 and 2021 harvest prices as well, please call <br>
</div>
<div>1-800-265-0550 for more information.<br>
</div>
<div><br>
</div>
<div>---</div>
<div><br>
</div>
<div>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
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