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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 8<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 1.3933 down 0.0057<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 3.23 DEC20 HI 3.38 1/2<br>
</u></div>
<div><u> LOW 3.17 1/4 LOW 3.33 3/4<br>
</u></div>
<div><u> CLOSE3.19 1/4 Up 1 1/4 CLOSE 3.35 3/4 Up 1 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 4.44 174.89 0.90 4.26 167.61<br>
</u></div>
<div><u>CK High 1.25 4.44 174.89 0.90 4.26 167.61<br>
</u></div>
<div><u>CK Avg 1.25 0.00 4.44 174.89 0.90 -0.30 4.26 167.61<br>
</u></div>
<div><u>Essex Cty 1.25 4.44 174.89 0.90 4.26 167.61<br>
</u></div>
<div><u>Mdsx Low 1.25 4.44 174.89 0.90 4.26 167.61<br>
</u></div>
<div><u>Mdsx High 1.25 4.44 174.89 0.90 4.26 167.61<br>
</u></div>
<div><u>Mdsx Avg 1.25 0.00 4.44 174.89 0.90 -0.30 4.26 167.61<br>
</u></div>
<div><u>Hensall 1.28 4.47 175.88 0.93 4.28 168.59<br>
</u></div>
<div><u>Bruce 1.25 4.44 174.89 0.90 4.26 167.61<br>
</u></div>
<div><u>Putnam 1.25 4.44 174.89 0.90 4.26 167.61<br>
</u></div>
<div><u>Burford 1.25 4.44 174.89 0.90 4.26 167.61<br>
</u></div>
<div><u>Port Perry 1.35 4.54 178.83 1.05 4.41 173.52<br>
</u></div>
<div><u>Norfolk 1.25 4.44 174.89 0.90 4.26 167.61<br>
</u></div>
<div><u>Palmerston 1.21 4.40 173.32 0.90 4.26 167.61<br>
</u></div>
<div><u>Varna 1.25 4.44 174.89 0.90 4.26 167.61<br>
</u></div>
<div><u>Trenton 1.35 4.54 178.83 1.15 4.51 177.45<br>
</u></div>
<div><u>Winchester 1.40 4.59 180.80 1.45 4.81 189.26<br>
</u></div>
<div><u>North Gower 1.30 4.49 176.86 1.35 4.71 185.33<br>
</u></div>
<div><u>Vankleek Hil 1.07 4.26 167.81 0.95 4.31 169.58<br>
</u></div>
<div><u>Huron FOB 1.30 4.49 176.86 0.95 4.31 169.58<br>
</u></div>
<div><u>Kent FOB 1.30 4.49 176.86 0.90 4.26 167.61<br>
</u></div>
<div><u>Lamb FOB N/A 1.00 4.36 171.55<br>
</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 4.49 176.86 0.95 4.31 169.58<br>
</u></div>
<div><u>FOB SW Que 2.24 5.43 213.87N/A<br>
</u></div>
<div><u>Track 1.55 4.74 186.51N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.51 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 4.51 177.45<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 4.56 179.42<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 4.86 191.23<br>
</u></div>
<div><u>W O Feed 1.72 4.91 193.48<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.74 4.93 194.18<br>
</u></div>
<div><u>Toledo El. -0.24 2.96 116.36 -0.42 2.94 115.73<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 4.99 196.55 1.30 4.66183 1/3<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 4.25 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 1.3933 down 0.0057<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.56 1/2 NOV20 HI 8.59 1/2<br>
</u></div>
<div><u> LOW 8.43 1/2 LOW 8.47 1/4<br>
</u></div>
<div><u> CLOSE8.50 1/2 Up 6 1/4 CLOSE 8.55 1/2 Up 7 1/4<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 11.41 419.062.70 11.26 413.55<br>
</u></div>
<div><u>CK High 2.95 11.46 420.902.80 11.36 417.22<br>
</u></div>
<div><u>CK Average 2.93 -0.3011.43 420.102.76 -0.4311.32 415.82<br>
</u></div>
<div><u>Essex Cty 2.90 11.41 419.062.70 11.26 413.55<br>
</u></div>
<div><u>Mdsx Low 2.90 11.41 419.062.70 11.26 413.55<br>
</u></div>
<div><u>Mdsx High 2.95 11.46 420.902.80 11.36 417.22<br>
</u></div>
<div><u>Mdsx Average 2.93 -0.3011.43 419.982.75 -0.4411.31 415.39<br>
</u></div>
<div><u>Hensall 2.93 11.43 419.982.78 11.33 416.31<br>
</u></div>
<div><u>Bruce 2.95 11.46 420.902.80 11.36 417.22<br>
</u></div>
<div><u>Putnam 2.95 11.46 420.902.80 11.36 417.22<br>
</u></div>
<div><u>Burford 2.97 11.48 421.632.77 11.33 416.12<br>
</u></div>
<div><u>Port Perry 2.92 11.43 419.802.72 11.28 414.29<br>
</u></div>
<div><u>Norfolk 2.90 11.41 419.062.75 11.31 415.39<br>
</u></div>
<div><u>Palmerston 2.72 11.23 412.452.67 11.23 412.45<br>
</u></div>
<div><u>Varna 2.95 11.46 420.902.80 11.36 417.22<br>
</u></div>
<div><u>Trenton 2.95 11.46 420.902.80 11.36 417.22<br>
</u></div>
<div><u>Winchester 2.90 11.41 419.062.70 11.26 413.55<br>
</u></div>
<div><u>North Gower 2.75 11.26 413.552.75 11.31 415.39<br>
</u></div>
<div><u>Vankleek Hill N/A 2.74 11.30 415.02<br>
</u></div>
<div><u>Huron FOB 3.05 11.56 424.572.85 11.41 419.06<br>
</u></div>
<div><u>Kent FOB 3.05 11.56 424.572.75 11.31 415.39<br>
</u></div>
<div><u>Lambton FOB 3.15 11.66 428.252.85 11.41 419.06<br>
</u></div>
<div><u>Middlesex FOB3.09 3.09 N/A N/A 11.60 426.042.82 11.38 417.96<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.20 11.71 430.092.87 11.43 419.80<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.50 12.01 441.113.20 11.76 431.92<br>
</u></div>
<div><u>Prescott N/A 3.16 11.72 430.45<br>
</u></div>
<div><u>Port Colborne3.50 12.01 441.113.16 11.72 430.45<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.14 8.37 307.39-0.42 8.14 298.99<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3933 down 0.0057<br>
</u></div>
<div><u>Chicago wheat closed narrowly mixed.<br>
</u></div>
<div><u>JUL20 HI 5.25 SEP20 HI 5.27 1/4<br>
</u></div>
<div><u> LOW 5.17 LOW 5.20<br>
</u></div>
<div><u> CLOSE 5.22 Down 1/2 CLOSE 5.25 1/4 Down 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>JUL20 HI 5.16 3/4 SEP20 HI 5.27<br>
</u></div>
<div><u> LOW 5.08 1/4 LOW 5.19 3/4<br>
</u></div>
<div><u> CLOSE 5.16 Up 5 CLOSE 5.26 1/4 Up 4 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 2.19 2.40 2.19 1.40<br>
</u></div>
<div><u>CAD $/bu 7.41 7.62 7.41 6.56<br>
</u></div>
<div><u>CAD $/tonne 272.37 280.04 272.37 241.14<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 2.07 2.35 1.86 N/A 1.69 1.83 1.34 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 2.26 1.70 1.82 N/A 1.71 1.30 1.30<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 1.93 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 2.41<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.20 N/A N/A N/A 1.68 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.05 N/A N/A N/A 2.02 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.22US 7.27CA 5.22US 7.27CA<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 1.71 2.06 1.71 1.23<br>
</u></div>
<div><u>CAD $/bu 6.97 7.31 6.97 6.49<br>
</u></div>
<div><u>CAD $/tonne 255.99 268.78 255.99 238.59<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 494.73<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm -<br>
</u></div>
<u><span></span><br>
</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<u><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>
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