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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 18<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 1.3957 down 0.0156<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 3.22 DEC20 HI 3.34<br>
</u></div>
<div><u> LOW 3.18 LOW 3.30 3/4<br>
</u></div>
<div><u> CLOSE3.20 3/4 Up 1 1/2 CLOSE 3.32 3/4 Up 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 4.46 175.48 0.90 4.23 166.43<br>
</u></div>
<div><u>CK High 1.25 4.46 175.48 0.95 4.28 168.40<br>
</u></div>
<div><u>CK Avg 1.25 -0.01 4.46 175.48 0.91 -0.29 4.24 166.76<br>
</u></div>
<div><u>Essex Cty 1.25 4.46 175.48 0.90 4.23 166.43<br>
</u></div>
<div><u>Mdsx Low 1.25 4.46 175.48 0.90 4.23 166.43<br>
</u></div>
<div><u>Mdsx High 1.25 4.46 175.48 0.95 4.28 168.40<br>
</u></div>
<div><u>Mdsx Avg 1.25 -0.01 4.46 175.48 0.93 -0.28 4.25 167.41<br>
</u></div>
<div><u>Hensall 1.28 4.48 176.47 0.98 4.30 169.38<br>
</u></div>
<div><u>Bruce 1.25 4.46 175.48 0.95 4.28 168.40<br>
</u></div>
<div><u>Putnam 1.25 4.46 175.48 0.90 4.23 166.43<br>
</u></div>
<div><u>Burford 1.25 4.46 175.48 0.90 4.23 166.43<br>
</u></div>
<div><u>Port Perry 1.35 4.56 179.42 1.05 4.38 172.33<br>
</u></div>
<div><u>Norfolk 1.25 4.46 175.48 0.90 4.23 166.43<br>
</u></div>
<div><u>Palmerston 1.23 4.44 174.70 0.91 4.24 166.82<br>
</u></div>
<div><u>Varna 1.25 4.46 175.48 0.95 4.28 168.40<br>
</u></div>
<div><u>Trenton 1.35 4.56 179.42 1.15 4.48 176.27<br>
</u></div>
<div><u>Winchester 1.40 4.61 181.39 1.45 4.78 188.08<br>
</u></div>
<div><u>North Gower 1.35 4.56 179.42 1.40 4.73 186.11<br>
</u></div>
<div><u>Vankleek Hil 1.07 4.28 168.40 0.95 4.28 168.40<br>
</u></div>
<div><u>Huron FOB 1.40 4.61 181.39 0.95 4.28 168.40<br>
</u></div>
<div><u>Kent FOB 1.30 4.51 177.45 1.00 4.33 170.37<br>
</u></div>
<div><u>Lamb FOB N/A 1.00 4.33 170.37<br>
</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 4.51 177.45 0.95 4.28 168.40<br>
</u></div>
<div><u>FOB SW Que 2.12 5.33 209.73N/A<br>
</u></div>
<div><u>Track 1.55 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 4.53 178.24<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 4.53 178.24<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 4.83 190.05<br>
</u></div>
<div><u>W O Feed 1.71 4.91 193.44<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.83 5.04 198.32<br>
</u></div>
<div><u>Toledo El. -0.17 3.04 119.68 -0.42 2.91 114.51<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 5.01 197.14 1.35 4.68 184.15<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 4.27 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 1.3957 down 0.0156<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.47 3/4 NOV20 HI 8.55<br>
</u></div>
<div><u> LOW 8.38 3/4 LOW 8.45 3/4<br>
</u></div>
<div><u> CLOSE8.45 Up 6 1/2 CLOSE 8.52 3/4 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 11.35 417.042.70 11.23 412.54<br>
</u></div>
<div><u>CK High 3.00 11.45 420.722.80 11.33 416.21<br>
</u></div>
<div><u>CK Average 2.95 -0.2811.40 419.002.78 -0.4311.31 415.42<br>
</u></div>
<div><u>Essex Cty 2.95 11.40 418.882.75 11.28 414.38<br>
</u></div>
<div><u>Mdsx Low 2.95 11.40 418.882.75 11.28 414.38<br>
</u></div>
<div><u>Mdsx High 2.95 11.40 418.882.80 11.33 416.21<br>
</u></div>
<div><u>Mdsx Average 2.95 -0.2811.40 418.882.78 -0.4311.30 415.30<br>
</u></div>
<div><u>Hensall 2.98 11.43 419.802.80 11.33 416.21<br>
</u></div>
<div><u>Bruce 2.95 11.40 418.882.80 11.33 416.21<br>
</u></div>
<div><u>Putnam 2.95 11.40 418.882.80 11.33 416.21<br>
</u></div>
<div><u>Burford 3.02 11.47 421.452.82 11.35 416.95<br>
</u></div>
<div><u>Port Perry 2.97 11.42 419.612.77 11.30 415.11<br>
</u></div>
<div><u>Norfolk 2.95 11.40 418.882.80 11.33 416.21<br>
</u></div>
<div><u>Palmerston 2.85 11.30 415.202.77 11.30 415.11<br>
</u></div>
<div><u>Varna 2.95 11.40 418.882.80 11.33 416.21<br>
</u></div>
<div><u>Trenton 2.95 11.40 418.882.80 11.33 416.21<br>
</u></div>
<div><u>Winchester 2.90 11.35 417.042.70 11.23 412.54<br>
</u></div>
<div><u>North Gower 2.85 11.30 415.202.71 11.24 412.91<br>
</u></div>
<div><u>Vankleek Hill N/A 2.74 11.27 414.01<br>
</u></div>
<div><u>Huron FOB 3.15 11.60 426.232.90 11.43 419.89<br>
</u></div>
<div><u>Kent FOB 3.15 11.60 426.232.80 11.33 416.21<br>
</u></div>
<div><u>Lambton FOB 3.20 11.65 428.062.80 11.33 416.21<br>
</u></div>
<div><u>Middlesex FOB3.14 3.14 N/A N/A 11.59 425.862.87 11.40 418.79<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.34 11.79 433.212.95 11.48 421.73<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.55 12.00 440.923.25 11.78 432.75<br>
</u></div>
<div><u>Prescott N/A 3.16 11.69 429.44<br>
</u></div>
<div><u>Port Colborne3.55 12.00 440.923.21 11.74 431.28<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.14 8.31 305.36-0.42 8.11 297.94<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3957 down 0.0156<br>
</u></div>
<div><u>Chicago wheat closed slightly lower.<br>
</u></div>
<div><u>JUL20 HI 5.02 3/4 SEP20 HI 5.05 1/4<br>
</u></div>
<div><u> LOW 4.93 3/4 LOW 4.97<br>
</u></div>
<div><u> CLOSE 4.97 Down 3 1/4 CLOSE 5.00 Down 3<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>JUL20 HI 5.09 3/4 SEP20 HI 5.21 3/4<br>
</u></div>
<div><u> LOW 5.04 1/4 LOW 5.16<br>
</u></div>
<div><u> CLOSE 5.04 3/4 Down 1 1/2 CLOSE 5.16 1/4 Down 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 2.11 2.32 2.11 1.37<br>
</u></div>
<div><u>CAD $/bu 7.08 7.29 7.08 6.42<br>
</u></div>
<div><u>CAD $/tonne 260.00 267.69 260.00 235.77<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 2.00 2.28 1.79 N/A 1.55 1.76 1.27 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 1.75 N/A N/A N/A 1.27 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 1.32 N/A<br>
</u></div>
<div><u>Brigden N/A N/A N/A N/A N/A N/A 1.32 N/A<br>
</u></div>
<div><u>Palmerston N/A 2.18 1.62 1.79 N/A 1.77 1.29 1.28<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 1.72 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 2.27<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.13 N/A N/A N/A 1.61 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 1.97 N/A N/A N/A 1.94 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.97US 6.94CA 4.97US 6.94CA<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 1.63 1.98 1.63 1.21<br>
</u></div>
<div><u>CAD $/bu 6.63 6.98 6.63 6.37<br>
</u></div>
<div><u>CAD $/tonne 243.64 256.46 243.64 234.02<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 497.26<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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