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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 7<br>
</u></span></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.399 down 0.0135<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 3.20 1/2 DEC20 HI 3.36 1/4<br>
</u></div>
<div><u> LOW 3.14 LOW 3.31<br>
</u></div>
<div><u> CLOSE3.18 Up 3 3/4 CLOSE 3.34 Up 2 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+SEP20+SEP20<br>
</u></div>
<div><u>CK Low 1.25 4.43 174.40 0.90 4.24 166.92<br>
</u></div>
<div><u>CK High 1.25 4.43 174.40 0.90 4.24 166.92<br>
</u></div>
<div><u>CK Avg 1.25 -0.01 4.43 174.40 0.90 -0.30 4.24 166.92<br>
</u></div>
<div><u>Essex Cty 1.25 4.43 174.40 0.90 4.24 166.92<br>
</u></div>
<div><u>Mdsx Low 1.25 4.43 174.40 0.90 4.24 166.92<br>
</u></div>
<div><u>Mdsx High 1.25 4.43 174.40 0.90 4.24 166.92<br>
</u></div>
<div><u>Mdsx Avg 1.25 -0.01 4.43 174.40 0.90 -0.30 4.24 166.92<br>
</u></div>
<div><u>Hensall 1.28 4.46 175.39 0.93 4.27 167.91<br>
</u></div>
<div><u>Bruce 1.25 4.43 174.40 0.90 4.24 166.92<br>
</u></div>
<div><u>Putnam 1.25 4.43 174.40 0.90 4.24 166.92<br>
</u></div>
<div><u>Burford 1.25 4.43 174.40 0.90 4.24 166.92<br>
</u></div>
<div><u>Port Perry 1.35 4.53 178.34 1.05 4.39 172.83<br>
</u></div>
<div><u>Norfolk 1.25 4.43 174.40 0.90 4.24 166.92<br>
</u></div>
<div><u>Palmerston 1.23 4.41 173.61 0.91 4.25 167.32<br>
</u></div>
<div><u>Varna 1.25 4.43 174.40 0.90 4.24 166.92<br>
</u></div>
<div><u>Trenton 1.35 4.53 178.34 1.15 4.49 176.76<br>
</u></div>
<div><u>Winchester 1.40 4.58 180.31 1.45 4.79 188.57<br>
</u></div>
<div><u>North Gower 1.30 4.48 176.37 1.35 4.69 184.64<br>
</u></div>
<div><u>Vankleek Hil 1.07 4.25 167.32 0.95 4.29 168.89<br>
</u></div>
<div><u>Huron FOB 1.30 4.48 176.37 0.95 4.29 168.89<br>
</u></div>
<div><u>Kent FOB 1.30 4.48 176.37 0.90 4.24 166.92<br>
</u></div>
<div><u>Lamb FOB N/A 1.00 4.34 170.86<br>
</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 4.48 176.37 0.95 4.29 168.89<br>
</u></div>
<div><u>FOB SW Que 2.23 5.41 212.98N/A<br>
</u></div>
<div><u>Track 1.55 4.73 186.21N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.55 N/A<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.60 1.15 4.49 176.76<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 4.54 178.73<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 N/A 1.95 2.00 1.50 4.84 190.54<br>
</u></div>
<div><u>W O Feed 1.73 4.91 193.46<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.76 4.94 194.48<br>
</u></div>
<div><u>Toledo El. -0.24 2.94 115.83 -0.42 2.92 114.99<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 4.98 196.05 1.30 4.64182 2/3<br>
</u></div>
<div><u>Prescott N/A N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 0.90 4.24<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 1.399 down 0.0135<br>
</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.48 1/2 NOV20 HI 8.53 1/2<br>
</u></div>
<div><u> LOW 8.32 LOW 8.39 1/4<br>
</u></div>
<div><u> CLOSE8.44 1/4 Up 11 3/4 CLOSE 8.48 1/4 Up 9<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 +JUL2+JUL2+SEP20<br>
</u></div>
<div><u>CK Low 2.90 11.34 416.772.70 11.18 410.89<br>
</u></div>
<div><u>CK High 2.95 11.39 418.602.80 11.28 414.56<br>
</u></div>
<div><u>CK Average 2.94 -0.3111.38 418.052.78 -0.4211.26 413.70<br>
</u></div>
<div><u>Essex Cty 2.95 11.39 418.602.75 11.23 412.72<br>
</u></div>
<div><u>Mdsx Low 2.89 11.33 416.402.74 11.22 412.36<br>
</u></div>
<div><u>Mdsx High 2.95 11.39 418.602.80 11.28 414.56<br>
</u></div>
<div><u>Mdsx Average 2.92 -0.3211.36 417.502.77 -0.4311.25 413.46<br>
</u></div>
<div><u>Hensall 2.95 11.39 418.602.80 11.28 414.56<br>
</u></div>
<div><u>Bruce 2.95 11.39 418.602.80 11.28 414.56<br>
</u></div>
<div><u>Putnam 2.95 11.39 418.602.80 11.28 414.56<br>
</u></div>
<div><u>Burford 2.96 11.40 418.972.81 11.29 414.93<br>
</u></div>
<div><u>Port Perry 2.91 11.35 417.132.76 11.24 413.09<br>
</u></div>
<div><u>Norfolk 2.95 11.39 418.602.80 11.28 414.56<br>
</u></div>
<div><u>Palmerston 2.73 11.17 410.522.67 11.15 409.78<br>
</u></div>
<div><u>Varna 2.95 11.39 418.602.80 11.28 414.56<br>
</u></div>
<div><u>Trenton 2.95 11.39 418.602.80 11.28 414.56<br>
</u></div>
<div><u>Winchester 2.90 11.34 416.772.75 11.23 412.72<br>
</u></div>
<div><u>North Gower 2.75 11.19 411.252.75 11.23 412.72<br>
</u></div>
<div><u>Vankleek Hill N/A 2.74 11.22 412.36<br>
</u></div>
<div><u>Huron FOB 3.10 11.54 424.112.90 11.38 418.24<br>
</u></div>
<div><u>Kent FOB 3.10 11.54 424.112.80 11.28 414.56<br>
</u></div>
<div><u>Lambton FOB 3.15 11.59 425.952.85 11.33 416.40<br>
</u></div>
<div><u>Middlesex FOB3.15 3.15 N/A N/A 11.59 425.952.88 11.36 417.50<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.22 11.66 428.522.89 11.37 417.87<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.55 11.99 440.653.25 11.73 431.10<br>
</u></div>
<div><u>Prescott N/A 3.16 11.64 427.79<br>
</u></div>
<div><u>Port Colborne3.49 11.93 438.443.22 11.70 429.99<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.14 8.30 305.07-0.42 8.06 296.28<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.399 down 0.0135<br>
</u></div>
<div><u>Chicago wheat closed slightly higher.<br>
</u></div>
<div><u>JUL20 HI 5.27 SEP20 HI 5.29 1/2<br>
</u></div>
<div><u> LOW 5.16 1/2 LOW 5.20<br>
</u></div>
<div><u> CLOSE 5.22 1/2 Up 5 CLOSE 5.25 1/2 Up 4 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>JUL20 HI 5.15 SEP20 HI 5.25 1/2<br>
</u></div>
<div><u> LOW 5.07 3/4 LOW 5.19 3/4<br>
</u></div>
<div><u> CLOSE 5.11 Up 3 1/4 CLOSE 5.21 3/4 Up 3 1/2<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 2.22 2.43 2.22 1.41<br>
</u></div>
<div><u>CAD $/bu 7.45 7.66 7.45 6.52<br>
</u></div>
<div><u>CAD $/tonne 273.73 281.44 273.73 239.54<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 1.37 N/A<br>
</u></div>
<div><u>London 2.13 2.42 1.92 N/A 1.75 1.89 1.40 N/A<br>
</u></div>
<div><u>Hensall 1.85 N/A 1.85 N/A 1.52 N/A 1.37 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.47 N/A<br>
</u></div>
<div><u>Bruce 1.80 2.30 1.85 1.95 1.42 1.77 1.37 1.35<br>
</u></div>
<div><u>Essex N/A N/A 1.80 N/A N/A N/A 1.32 N/A<br>
</u></div>
<div><u>Norwich 1.85 N/A 1.85 N/A 1.52 N/A 1.37 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.85 N/A N/A N/A 1.42 N/A<br>
</u></div>
<div><u>Kent Bridge 1.85 N/A 1.85 N/A 1.52 N/A 1.37 N/A<br>
</u></div>
<div><u>Chatham N/A N/A N/A N/A N/A N/A 1.37 N/A<br>
</u></div>
<div><u>Brigden N/A N/A N/A N/A N/A N/A 1.37 N/A<br>
</u></div>
<div><u>Palmerston N/A 2.29 1.73 1.82 N/A 1.74 1.32 1.31<br>
</u></div>
<div><u>Varna 2.05 2.25 1.85 N/A 1.57 1.77 1.37 N/A<br>
</u></div>
<div><u>Mitchell 1.85 2.00 1.85 N/A 1.52 1.72 1.37 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 2.06 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 2.20 1.95 1.05 N/A 1.95 1.55 1.10<br>
</u></div>
<div><u>W O Feed 2.44<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.27 N/A N/A N/A 1.74 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.08 N/A N/A N/A 2.04 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.23US 7.31CA 5.23US 7.30CA<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 1.74 2.08 1.74 1.23<br>
</u></div>
<div><u>CAD $/bu 6.99 7.34 6.99 6.45<br>
</u></div>
<div><u>CAD $/tonne 256.86 269.70 256.86 236.98<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 491.75<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm -<br>
</u></div>
<u><span></span><br>
</u></div>
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<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; 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>
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<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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