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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 15<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 1.4113 up 0.0033<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 3.33 1/4<br>
</u></div>
<div><u> LOW 3.16 3/4 LOW 3.30 3/4<br>
</u></div>
<div><u> CLOSE3.19 1/4 Up 1 3/4 CLOSE 3.32 Up 1/4<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 4.22 166.13<br>
</u></div>
<div><u>CK High 1.25 4.44 174.89 0.95 4.27 168.10<br>
</u></div>
<div><u>CK Avg 1.25 -0.04 4.44 174.89 0.91 -0.32 4.23 166.46<br>
</u></div>
<div><u>Essex Cty 1.25 4.44 174.89 0.90 4.22 166.13<br>
</u></div>
<div><u>Mdsx Low 1.25 4.44 174.89 0.90 4.22 166.13<br>
</u></div>
<div><u>Mdsx High 1.25 4.44 174.89 0.95 4.27 168.10<br>
</u></div>
<div><u>Mdsx Avg 1.25 -0.04 4.44 174.89 0.93 -0.31 4.25 167.12<br>
</u></div>
<div><u>Hensall 1.28 4.47 175.88 0.98 4.30 169.09<br>
</u></div>
<div><u>Bruce 1.25 4.44 174.89 0.95 4.27 168.10<br>
</u></div>
<div><u>Putnam 1.25 4.44 174.89 0.90 4.22 166.13<br>
</u></div>
<div><u>Burford 1.25 4.44 174.89 0.90 4.22 166.13<br>
</u></div>
<div><u>Port Perry 1.35 4.54 178.83 1.05 4.37 172.04<br>
</u></div>
<div><u>Norfolk 1.25 4.44 174.89 0.90 4.22 166.13<br>
</u></div>
<div><u>Palmerston 1.27 4.46 175.68 0.94 4.26 167.71<br>
</u></div>
<div><u>Varna 1.25 4.44 174.89 0.95 4.27 168.10<br>
</u></div>
<div><u>Trenton 1.35 4.54 178.83 1.15 4.47 175.98<br>
</u></div>
<div><u>Winchester 1.40 4.59 180.80 1.45 4.77 187.79<br>
</u></div>
<div><u>North Gower 1.35 4.54 178.83 1.40 4.72 185.82<br>
</u></div>
<div><u>Vankleek Hil 1.07 4.26 167.81 0.95 4.27 168.10<br>
</u></div>
<div><u>Huron FOB 1.40 4.59 180.80 0.95 4.27 168.10<br>
</u></div>
<div><u>Kent FOB 1.30 4.49 176.86 1.00 4.32 170.07<br>
</u></div>
<div><u>Lamb FOB N/A 1.00 4.32 170.07<br>
</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 4.49 176.86 0.95 4.27 168.10<br>
</u></div>
<div><u>FOB SW Que 2.13 5.32 209.54N/A<br>
</u></div>
<div><u>Track 1.57 4.76 187.29N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.52 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 1.50 1.60 1.20 4.52 177.94<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 4.52 177.94<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 4.82 189.76<br>
</u></div>
<div><u>W O Feed 1.73 4.93 193.95<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.88 5.07 199.70<br>
</u></div>
<div><u>Toledo El. -0.17 3.02 119.02 -0.42 2.90 114.05<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 4.99 196.55 1.35 4.67183 6/7<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 0.95 4.271<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 1.4113 up 0.0033<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.43 NOV20 HI 8.50 1/4<br>
</u></div>
<div><u> LOW 8.36 1/2 LOW 8.43 3/4<br>
</u></div>
<div><u> CLOSE8.38 1/2 Up 1 1/2 CLOSE 8.45 1/2 Up 1 3/4<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 11.29 414.652.70 11.16 409.88<br>
</u></div>
<div><u>CK High 3.00 11.39 418.332.80 11.26 413.55<br>
</u></div>
<div><u>CK Average 2.97 -0.3411.35 417.042.78 -0.4911.24 412.94<br>
</u></div>
<div><u>Essex Cty 3.00 11.39 418.332.75 11.21 411.71<br>
</u></div>
<div><u>Mdsx Low 2.95 11.34 416.492.78 11.24 412.82<br>
</u></div>
<div><u>Mdsx High 2.97 11.36 417.222.80 11.26 413.55<br>
</u></div>
<div><u>Mdsx Average 2.96 -0.3511.35 416.862.79 -0.4811.25 413.18<br>
</u></div>
<div><u>Hensall 2.98 11.36 417.412.80 11.26 413.55<br>
</u></div>
<div><u>Bruce 2.95 11.34 416.492.80 11.26 413.55<br>
</u></div>
<div><u>Putnam 2.95 11.34 416.492.80 11.26 413.55<br>
</u></div>
<div><u>Burford 3.04 11.43 419.802.85 11.31 415.39<br>
</u></div>
<div><u>Port Perry 2.99 11.38 417.962.80 11.26 413.55<br>
</u></div>
<div><u>Norfolk 3.00 11.39 418.332.80 11.26 413.55<br>
</u></div>
<div><u>Palmerston 2.96 11.35 416.862.83 11.29 414.65<br>
</u></div>
<div><u>Varna 2.95 11.34 416.492.80 11.26 413.55<br>
</u></div>
<div><u>Trenton 2.95 11.34 416.492.80 11.26 413.55<br>
</u></div>
<div><u>Winchester 2.90 11.29 414.652.70 11.16 409.88<br>
</u></div>
<div><u>North Gower 2.85 11.24 412.822.71 11.17 410.24<br>
</u></div>
<div><u>Vankleek Hill N/A 2.74 11.20 411.35<br>
</u></div>
<div><u>Huron FOB 3.15 11.54 423.842.90 11.36 417.22<br>
</u></div>
<div><u>Kent FOB 3.20 11.59 425.682.80 11.26 413.55<br>
</u></div>
<div><u>Lambton FOB 3.20 11.59 425.682.80 11.26 413.55<br>
</u></div>
<div><u>Middlesex FOB3.17 3.17 N/A N/A 11.56 424.572.91 11.37 417.59<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.45 11.84 434.863.05 11.51 422.74<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.55 11.94 438.543.25 11.71 430.09<br>
</u></div>
<div><u>Prescott N/A 3.16 11.62 426.78<br>
</u></div>
<div><u>Port Colborne3.57 11.96 439.273.24 11.70 429.72<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.14 8.24 302.91-0.42 8.03 295.12<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.4113 up 0.0033<br>
</u></div>
<div><u>Chicago wheat closed slightly lower.<br>
</u></div>
<div><u>JUL20 HI 5.08 SEP20 HI 5.10 1/4<br>
</u></div>
<div><u> LOW 4.97 1/2 LOW 5.00 1/2<br>
</u></div>
<div><u> CLOSE 5.00 1/4 Down 2 CLOSE 5.03 Down 2 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>JUL20 HI 5.12 1/2 SEP20 HI 5.24<br>
</u></div>
<div><u> LOW 5.06 LOW 5.17 1/2<br>
</u></div>
<div><u> CLOSE 5.06 1/4 Down 1 3/4 CLOSE 5.18 Down 1 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 2.20 2.41 2.20 1.45<br>
</u></div>
<div><u>CAD $/bu 7.20 7.41 7.20 6.51<br>
</u></div>
<div><u>CAD $/tonne 264.60 272.38 264.60 239.19<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 2.06 2.34 1.85 N/A 1.61 1.82 1.33 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 2.27 1.71 1.87 N/A 1.86 1.37 1.36<br>
</u></div>
<div><u>Varna 2.05 2.25 1.85 N/A 1.47 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 1.85 1.50 1.10<br>
</u></div>
<div><u>W O Feed 2.36<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.19 N/A N/A N/A 1.67 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.06 N/A N/A N/A 2.02 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.00US 7.06CA 5.00US 7.05CA<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 1.28<br>
</u></div>
<div><u>CAD $/bu 6.74 7.09 6.74 6.46<br>
</u></div>
<div><u>CAD $/tonne 247.70 260.66 247.70 237.34<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 499.91<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm -<br>
</u></div>
<div><u><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>
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