<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 12<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 1.405 up 0.0025<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 3.24 DEC20 HI 3.37 1/2<br>
</u></div>
<div><u> LOW 3.14 1/2 LOW 3.30 3/4<br>
</u></div>
<div><u> CLOSE3.22 1/4 Up 3 3/4 CLOSE 3.35 3/4 Up 1<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 4.47 176.07 0.90 4.26 167.61<br>
</u></div>
<div><u>CK High 1.25 4.47 176.07 0.90 4.26 167.61<br>
</u></div>
<div><u>CK Avg 1.25 -0.04 4.47 176.07 0.90 -0.32 4.26 167.61<br>
</u></div>
<div><u>Essex Cty 1.25 4.47 176.07 0.90 4.26 167.61<br>
</u></div>
<div><u>Mdsx Low 1.25 4.47 176.07 0.90 4.26 167.61<br>
</u></div>
<div><u>Mdsx High 1.25 4.47 176.07 0.90 4.26 167.61<br>
</u></div>
<div><u>Mdsx Avg 1.25 -0.04 4.47 176.07 0.90 -0.32 4.26 167.61<br>
</u></div>
<div><u>Hensall 1.28 4.50 177.06 0.93 4.28 168.59<br>
</u></div>
<div><u>Bruce 1.25 4.47 176.07 0.95 4.31 169.58<br>
</u></div>
<div><u>Putnam 1.25 4.47 176.07 0.90 4.26 167.61<br>
</u></div>
<div><u>Burford 1.25 4.47 176.07 0.90 4.26 167.61<br>
</u></div>
<div><u>Port Perry 1.35 4.57 180.01 1.05 4.41 173.52<br>
</u></div>
<div><u>Norfolk 1.25 4.47 176.07 0.90 4.26 167.61<br>
</u></div>
<div><u>Palmerston 1.26 4.48 176.47 0.93 4.29 168.79<br>
</u></div>
<div><u>Varna 1.25 4.47 176.07 0.90 4.26 167.61<br>
</u></div>
<div><u>Trenton 1.35 4.57 180.01 1.15 4.51 177.45<br>
</u></div>
<div><u>Winchester 1.40 4.62 181.98 1.45 4.81 189.26<br>
</u></div>
<div><u>North Gower 1.35 4.57 180.01 1.40 4.76 187.29<br>
</u></div>
<div><u>Vankleek Hil 1.07 4.29 168.99 0.95 4.31 169.58<br>
</u></div>
<div><u>Huron FOB 1.40 4.62 181.98 0.95 4.31 169.58<br>
</u></div>
<div><u>Kent FOB 1.30 4.52 178.04 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 4.52 178.04 0.95 4.31 169.58<br>
</u></div>
<div><u>FOB SW Que 2.16 5.38 211.90N/A<br>
</u></div>
<div><u>Track 1.57 4.79 188.67N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.50 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 1.78 5.00 196.94<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.79 5.01 197.33<br>
</u></div>
<div><u>Toledo El. -0.17 3.05 120.23 -0.42 2.94 115.60<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 5.02 197.73 1.35 4.71185 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 1.405 up 0.0025<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.58 NOV20 HI 8.62 3/4<br>
</u></div>
<div><u> LOW 8.49 1/2 LOW 8.53 3/4<br>
</u></div>
<div><u> CLOSE8.52 Down 3 CLOSE 8.57 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 +JUL2+JUL2+SEP20<br>
</u></div>
<div><u>CK Low 2.90 11.42 419.612.70 11.27 414.10<br>
</u></div>
<div><u>CK High 2.99 11.51 422.922.80 11.37 417.78<br>
</u></div>
<div><u>CK Average 2.95 -0.3611.47 421.392.78 -0.4811.35 417.04<br>
</u></div>
<div><u>Essex Cty 2.95 11.47 421.452.75 11.32 415.94<br>
</u></div>
<div><u>Mdsx Low 2.95 11.47 421.452.76 11.33 416.31<br>
</u></div>
<div><u>Mdsx High 2.97 11.49 422.192.80 11.37 417.78<br>
</u></div>
<div><u>Mdsx Average 2.96 -0.3511.48 421.822.78 -0.4811.35 417.04<br>
</u></div>
<div><u>Hensall 2.93 11.45 420.532.78 11.35 416.86<br>
</u></div>
<div><u>Bruce 2.95 11.47 421.452.80 11.37 417.78<br>
</u></div>
<div><u>Putnam 2.95 11.47 421.452.80 11.37 417.78<br>
</u></div>
<div><u>Burford 3.04 11.56 424.762.83 11.40 418.88<br>
</u></div>
<div><u>Port Perry 2.99 11.51 422.922.78 11.35 417.04<br>
</u></div>
<div><u>Norfolk 2.95 11.47 421.452.80 11.37 417.78<br>
</u></div>
<div><u>Palmerston 2.89 11.41 419.252.81 11.38 418.14<br>
</u></div>
<div><u>Varna 2.95 11.47 421.452.80 11.37 417.78<br>
</u></div>
<div><u>Trenton 2.95 11.47 421.452.80 11.37 417.78<br>
</u></div>
<div><u>Winchester 2.90 11.42 419.612.70 11.27 414.10<br>
</u></div>
<div><u>North Gower 2.82 11.34 416.672.75 11.32 415.94<br>
</u></div>
<div><u>Vankleek Hill N/A 2.74 11.31 415.57<br>
</u></div>
<div><u>Huron FOB 3.10 11.62 426.962.90 11.47 421.45<br>
</u></div>
<div><u>Kent FOB 3.15 11.67 428.802.80 11.37 417.78<br>
</u></div>
<div><u>Lambton FOB 3.15 11.67 428.802.80 11.37 417.78<br>
</u></div>
<div><u>Middlesex FOB3.22 3.08 N/A N/A 11.74 431.372.94 11.51 422.92<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.44 11.96 439.45 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.55 12.07 443.503.25 11.82 434.31<br>
</u></div>
<div><u>Prescott N/A 3.16 11.73 431.00<br>
</u></div>
<div><u>Port Colborne3.57 12.09 444.233.22 11.79 433.21<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.14 8.38 307.89-0.42 8.15 299.42<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.405 up 0.0025<br>
</u></div>
<div><u>Chicago wheat closed slightly lower to steady.<br>
</u></div>
<div><u>JUL20 HI 5.18 1/4 SEP20 HI 5.21 3/4<br>
</u></div>
<div><u> LOW 5.07 3/4 LOW 5.11 3/4<br>
</u></div>
<div><u> CLOSE 5.14 1/2 Down 2 3/4 CLOSE 5.17 1/2 Down 3 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>JUL20 HI 5.21 3/4 SEP20 HI 5.31 3/4<br>
</u></div>
<div><u> LOW 5.13 3/4 LOW 5.24 1/4<br>
</u></div>
<div><u> CLOSE 5.21 Up 2 1/4 CLOSE 5.31 1/4 Up 1 3/4<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 2.22 2.43 2.22 1.48<br>
</u></div>
<div><u>CAD $/bu 7.37 7.58 7.37 6.69<br>
</u></div>
<div><u>CAD $/tonne 270.77 278.51 270.77 245.73<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 2.05 2.33 1.84 N/A 1.60 1.81 1.32 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 2.30 1.73 1.89 N/A 1.75 1.32 1.37<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 1.79 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 2.10 1.90 1.05 N/A 1.90 1.50 1.10<br>
</u></div>
<div><u>W O Feed 2.45<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.18 N/A N/A N/A 1.66 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 2.05 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.15US 7.23CA 5.15US 7.22CA<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 2.09 1.74 1.30<br>
</u></div>
<div><u>CAD $/bu 6.91 7.26 6.91 6.61<br>
</u></div>
<div><u>CAD $/tonne 254.00 266.89 254.00 243.04<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 496.16<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>
<div>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size:12pt; color:#000000; background-color:#FFFFFF; font-family:Calibri,Arial,Helvetica,sans-serif">
<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>
<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;">
<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
<br>
<span style="background: rgb(253, 253, 253);">Click on this link:<span><span style="color:#333333"> </span></span></span><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span><span style="color:#333333;background:#FDFDFD"> </span><span style="background: rgb(253, 253, 253);"> to
unsubscribe from this report.</span><br>
<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario</span></span></p>
<br>
<p style="margin-top: 0px; margin-bottom: 0px;"></p>
<p style="margin-top: 0px; margin-bottom: 0px;"><br>
</p>
</div>
</div>
</div>
</body>
</html>