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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 20<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 1.3895 up 0.0029<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 3.21 1/2 DEC20 HI 3.35<br>
</u></div>
<div><u> LOW 3.17 1/4 LOW 3.31 1/4<br>
</u></div>
<div><u> CLOSE3.19 1/2 Down 1 3/4 CLOSE 3.34 Down 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 4.45 174.99 0.90 4.24 166.92<br>
</u></div>
<div><u>CK High 1.25 4.45 174.99 0.95 4.29 168.89<br>
</u></div>
<div><u>CK Avg 1.25 0.00 4.45 174.99 0.91 -0.28 4.25 167.25<br>
</u></div>
<div><u>Essex Cty 1.25 4.45 174.99 0.90 4.24 166.92<br>
</u></div>
<div><u>Mdsx Low 1.25 4.45 174.99 0.90 4.24 166.92<br>
</u></div>
<div><u>Mdsx High 1.25 4.45 174.99 0.95 4.29 168.89<br>
</u></div>
<div><u>Mdsx Avg 1.25 0.00 4.45 174.99 0.93 -0.27 4.27 167.91<br>
</u></div>
<div><u>Hensall 1.27 4.46 175.65 0.97 4.31 169.55<br>
</u></div>
<div><u>Bruce 1.25 4.45 174.99 0.95 4.29 168.89<br>
</u></div>
<div><u>Putnam 1.25 4.45 174.99 0.90 4.24 166.92<br>
</u></div>
<div><u>Burford 1.25 4.45 174.99 0.90 4.24 166.92<br>
</u></div>
<div><u>Port Perry 1.35 4.55 178.93 1.05 4.39 172.83<br>
</u></div>
<div><u>Norfolk 1.25 4.45 174.99 0.90 4.24 166.92<br>
</u></div>
<div><u>Palmerston 1.21 4.41 173.42 0.89 4.23 166.53<br>
</u></div>
<div><u>Varna 1.25 4.45 174.99 0.95 4.29 168.89<br>
</u></div>
<div><u>Trenton 1.35 4.55 178.93 1.10 4.44 174.80<br>
</u></div>
<div><u>Winchester 1.40 4.60 180.90 1.45 4.79 188.57<br>
</u></div>
<div><u>North Gower 1.35 4.55 178.93 1.40 4.74 186.61<br>
</u></div>
<div><u>Vankleek Hil 1.07 4.27 167.91 0.95 4.29 168.89<br>
</u></div>
<div><u>Huron FOB 1.44 4.64 182.47 1.00 4.34 170.86<br>
</u></div>
<div><u>Kent FOB 1.30 4.50 176.96 1.00 4.34 170.86<br>
</u></div>
<div><u>Lamb FOB N/A 0.95 4.29 168.89<br>
</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 4.50 176.96 0.95 4.29 168.89<br>
</u></div>
<div><u>FOB SW Que 2.12 5.32 209.24N/A<br>
</u></div>
<div><u>Track 1.54 4.74 186.41N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.46 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 4.54 178.73<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 1.68 4.88 192.08<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.00 196.64<br>
</u></div>
<div><u>Toledo El. -0.11 3.08 121.41 -0.42 2.92 115.09<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 5.00 196.64 1.35 4.69 184.64<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 4.29<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 1.3895 up 0.0029<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.49 1/2 NOV20 HI 8.56 3/4<br>
</u></div>
<div><u> LOW 8.42 LOW 8.50<br>
</u></div>
<div><u> CLOSE8.46 3/4 Up 4 1/4 CLOSE 8.54 Up 3 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 2.85 11.32 415.852.66 11.20 411.53<br>
</u></div>
<div><u>CK High 2.90 11.37 417.682.70 11.24 413.00<br>
</u></div>
<div><u>CK Average 2.87 -0.3111.33 416.462.69 -0.4511.23 412.75<br>
</u></div>
<div><u>Essex Cty 2.85 11.32 415.852.65 11.19 411.16<br>
</u></div>
<div><u>Mdsx Low 2.83 11.30 415.112.64 11.18 410.79<br>
</u></div>
<div><u>Mdsx High 2.85 11.32 415.852.70 11.24 413.00<br>
</u></div>
<div><u>Mdsx Average 2.84 -0.3311.31 415.482.67 -0.4711.21 411.90<br>
</u></div>
<div><u>Hensall 2.87 11.33 416.462.72 11.26 413.61<br>
</u></div>
<div><u>Bruce 2.85 11.32 415.852.70 11.24 413.00<br>
</u></div>
<div><u>Putnam 2.85 11.32 415.852.70 11.24 413.00<br>
</u></div>
<div><u>Burford 2.90 11.37 417.682.71 11.25 413.37<br>
</u></div>
<div><u>Port Perry 2.85 11.32 415.852.66 11.20 411.53<br>
</u></div>
<div><u>Norfolk 2.85 11.32 415.852.70 11.24 413.00<br>
</u></div>
<div><u>Palmerston 2.82 11.29 414.742.71 11.25 413.37<br>
</u></div>
<div><u>Varna 2.90 11.37 417.682.75 11.29 414.84<br>
</u></div>
<div><u>Trenton 2.85 11.32 415.852.70 11.24 413.00<br>
</u></div>
<div><u>Winchester 2.90 11.37 417.682.70 11.24 413.00<br>
</u></div>
<div><u>North Gower 2.85 11.32 415.852.71 11.25 413.37<br>
</u></div>
<div><u>Vankleek Hill N/A 2.74 11.28 414.47<br>
</u></div>
<div><u>Huron FOB 3.00 11.47 421.362.80 11.34 416.67<br>
</u></div>
<div><u>Kent FOB 3.05 11.52 423.202.70 11.24 413.00<br>
</u></div>
<div><u>Lambton FOB 3.10 11.57 425.032.70 11.24 413.00<br>
</u></div>
<div><u>Middlesex FOB3.02 3.02 N/A N/A 11.49 422.092.76 11.30 415.20<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.37 11.84 434.952.92 11.46 421.08<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.35 11.82 434.223.10 11.64 427.70<br>
</u></div>
<div><u>Prescott N/A 3.16 11.70 429.90<br>
</u></div>
<div><u>Port Colborne3.43 11.90 437.163.10 11.64 427.70<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.14 8.33 306.02-0.42 8.12 298.48<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3895 up 0.0029<br>
</u></div>
<div><u>Chicago wheat closed moderately higher to higher.<br>
</u></div>
<div><u>JUL20 HI 5.17 3/4 SEP20 HI 5.19 1/4<br>
</u></div>
<div><u> LOW 4.96 LOW 4.99 1/4<br>
</u></div>
<div><u> CLOSE 5.13 3/4 Up 15 CLOSE 5.15 1/4 Up 13 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed higher.<br>
</u></div>
<div><u>JUL20 HI 5.23 3/4 SEP20 HI 5.34 1/4<br>
</u></div>
<div><u> LOW 5.08 1/4 LOW 5.20<br>
</u></div>
<div><u> CLOSE 5.20 1/2 Up 12 1/4 CLOSE 5.31 3/4 Up 12<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 2.14 2.35 2.14 1.40<br>
</u></div>
<div><u>CAD $/bu 7.28 7.49 7.28 6.61<br>
</u></div>
<div><u>CAD $/tonne 267.40 275.05 267.40 242.76<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 1.33 N/A<br>
</u></div>
<div><u>London 1.98 2.26 1.77 N/A 1.54 1.75 1.26 N/A<br>
</u></div>
<div><u>Hensall 1.75 N/A 1.75 N/A 1.48 N/A 1.33 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.43 N/A<br>
</u></div>
<div><u>Bruce 1.65 2.15 1.75 1.80 1.38 1.73 1.33 1.30<br>
</u></div>
<div><u>Essex N/A N/A 1.75 N/A N/A N/A 1.28 N/A<br>
</u></div>
<div><u>Norwich 1.75 N/A 1.75 N/A 1.48 N/A 1.33 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.75 N/A N/A N/A 1.43 N/A<br>
</u></div>
<div><u>Kent Bridge 1.75 N/A 1.75 N/A 1.48 N/A 1.33 N/A<br>
</u></div>
<div><u>Chatham N/A N/A N/A N/A N/A N/A 1.33 N/A<br>
</u></div>
<div><u>Brigden N/A N/A N/A N/A N/A N/A 1.33 N/A<br>
</u></div>
<div><u>Palmerston N/A 2.22 1.66 1.83 N/A 1.81 1.32 1.31<br>
</u></div>
<div><u>Varna 1.95 2.15 1.75 N/A 1.43 1.73 1.33 N/A<br>
</u></div>
<div><u>Mitchell 1.75 1.90 1.75 N/A 1.48 1.68 1.33 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.69 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 1.40 1.10<br>
</u></div>
<div><u>W O Feed 2.29<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.09 N/A N/A N/A 1.60 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.00 N/A N/A N/A 1.98 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.14US 7.14CA 5.13US 7.13CA<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 1.66 2.00 1.66 1.24<br>
</u></div>
<div><u>CAD $/bu 6.81 7.16 6.81 6.55<br>
</u></div>
<div><u>CAD $/tonne 250.21 262.97 250.21 240.76<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 493.29<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm -<br>
</u></div>
<div><br>
</div>
<div><br>
</div>
<div>---</div>
<div>Ontario Grain Market Commentary for May 20,2020</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div><br>
</div>
<div>
<div>Wednesday, May 20, 2020<br>
</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT<br>
</div>
<div>Corn CBOT July 3.19¨ö ¡è 1¨ù cents<br>
</div>
<div>Soybeans CBOT July 8.46¨ú ¡è 7¨ù cents<br>
</div>
<div>Wheat CBOT July 5.13¨ú ¡è 12 cents<br>
</div>
<div>Wheat Minn. July 5.20¨ö ¡è 12¨ù Cents<br>
</div>
<div>Wheat Kansas July 4.53¨ù ¡é 1 Cent<br>
</div>
<div>Oats CBOT July 3.18 ¡è 12¨ö Cents<br>
</div>
<div><br>
</div>
<div>Canadian $ June 0.7197 ¡è 103 Points<br>
</div>
<div><br>
</div>
<div>CORN: <br>
</div>
<div>As of May 18, the U.S. had planted 80% of its expected corn acreage, well above both the five- year average of 71% and last year¡¯s 44% completion rate.<br>
</div>
<div>Brazil¡¯s Safrinha corn crop did finally get some much-needed rain after weeks of dry weather. Updated ratings show the crop as 53% good, a drop of 8% from the last ratings update. The balance of the crop ratings are 36% average and 11% poor.<br>
</div>
<div><br>
</div>
<div>SOYBEANS: <br>
</div>
<div>The U.S. has passed the halfway mark with respect to soybean planting. Planting increased 15 percentage points from a week ago and is well above the five-year average of 38% complete. Last year, U.S. plantings were 16%. As with corn, the soybean planting
pace is moving along well in most states.<br>
</div>
<div>China has been buying U.S. origin soybeans over the past few weeks. It is unsure at this point whether the sales are all current crop or if some of these sales will roll into the new crop year.<br>
</div>
<div><br>
</div>
<div>WHEAT:<br>
</div>
<div>The USDA rated U.S. winter wheat at 52% good-to-excellent, down 1 percentage point from last week. This was within trade estimates of between 51% to 55% good-to-excellent.<br>
</div>
<div>The annual hard red winter wheat tour has become a virtual tour this year as participation is through a series of Zoom meetings. Initial reports indicate that central Kansas average wheat yields estimates are 31.1 bushels per acres and northwest Kansas
wheat yields estimates are averaging 56.7 bushels per acre.<br>
</div>
<div><br>
</div>
<div>2019 cash prices for May 20, 2020, at the market close, are as follows:<br>
</div>
<div><br>
</div>
<div>SWW at $267.54/mt ($7.28bu), HRW at $275.20/mt ($7.49 /bu), <br>
</div>
<div>HRS at $ 242.89/mt ($6.61/bu), and SRW at $267.54 /mt ($7.28/bu).<br>
</div>
<div><br>
</div>
<div>We currently offer 2020 and 2021 harvest prices as well, please call <br>
</div>
<div>1-800-265-0550 for more information.<br>
</div>
<div><br>
</div>
<div>---</div>
<div><br>
</div>
<div>
<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"">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:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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unsubscribe from this report.</span><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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