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<span style="background-color: rgb(253, 253, 253); color: rgb(51, 51, 51); font-family: "Courier New", monospace; font-size: 10pt;"><span style="text-decoration-line: underline;">FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 21<br>
</span>
<div style="text-decoration-line: underline;">(All Bases in CAD)<br>
</div>
<div style="text-decoration-line: underline;">Exchange rate was 1.3947 up 0.0052<br>
</div>
<div style="text-decoration-line: underline;">Chicago corn closed slightly lower.<br>
</div>
<div style="text-decoration-line: underline;"><br>
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<div style="text-decoration-line: underline;"> JUL20 HI 3.20 1/4 DEC20 HI 3.34 1/2<br>
</div>
<div style="text-decoration-line: underline;"> LOW 3.16 1/4 LOW 3.31<br>
</div>
<div style="text-decoration-line: underline;"> CLOSE3.17 3/4 Down 1 3/4 CLOSE 3.33 Down 1<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"> OLD CROP BASIS NEW CROP BASIS<br>
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<div style="text-decoration-line: underline;">Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
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<div style="text-decoration-line: underline;">ELEVATORS +JUL20+SEP20+SEP20<br>
</div>
<div style="text-decoration-line: underline;">CK Low 1.25 4.43 174.30 0.90 4.23 166.53<br>
</div>
<div style="text-decoration-line: underline;">CK High 1.25 4.43 174.30 0.95 4.28 168.50<br>
</div>
<div style="text-decoration-line: underline;">CK Avg 1.25 0.00 4.43 174.30 0.91 -0.29 4.24 166.86<br>
</div>
<div style="text-decoration-line: underline;">Essex Cty 1.25 4.43 174.30 0.90 4.23 166.53<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Low 1.25 4.43 174.30 0.90 4.23 166.53<br>
</div>
<div style="text-decoration-line: underline;">Mdsx High 1.25 4.43 174.30 0.95 4.28 168.50<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Avg 1.25 0.00 4.43 174.30 0.93 -0.28 4.26 167.51<br>
</div>
<div style="text-decoration-line: underline;">Hensall 1.27 4.44 174.96 0.97 4.30 169.15<br>
</div>
<div style="text-decoration-line: underline;">Bruce 1.25 4.43 174.30 0.95 4.28 168.50<br>
</div>
<div style="text-decoration-line: underline;">Putnam 1.25 4.43 174.30 0.90 4.23 166.53<br>
</div>
<div style="text-decoration-line: underline;">Burford 1.25 4.43 174.30 0.90 4.23 166.53<br>
</div>
<div style="text-decoration-line: underline;">Port Perry 1.35 4.53 178.24 1.05 4.38 172.43<br>
</div>
<div style="text-decoration-line: underline;">Norfolk 1.25 4.43 174.30 0.90 4.23 166.53<br>
</div>
<div style="text-decoration-line: underline;">Palmerston 1.21 4.39 172.73 0.90 4.23 166.53<br>
</div>
<div style="text-decoration-line: underline;">Varna 1.25 4.43 174.30 0.95 4.28 168.50<br>
</div>
<div style="text-decoration-line: underline;">Trenton 1.35 4.53 178.24 1.10 4.43 174.40<br>
</div>
<div style="text-decoration-line: underline;">Winchester 1.40 4.58 180.21 1.45 4.78 188.18<br>
</div>
<div style="text-decoration-line: underline;">North Gower 1.35 4.53 178.24 1.40 4.73 186.21<br>
</div>
<div style="text-decoration-line: underline;">Vankleek Hil 1.07 4.25 167.22 0.95 4.28 168.50<br>
</div>
<div style="text-decoration-line: underline;">Huron FOB 1.44 4.62 181.78 1.00 4.33 170.46<br>
</div>
<div style="text-decoration-line: underline;">Kent FOB 1.30 4.48 176.27 1.00 4.33 170.46<br>
</div>
<div style="text-decoration-line: underline;">Lamb FOB N/A 0.95 4.28 168.50<br>
</div>
<div style="text-decoration-line: underline;">Mdsx FOB 1.30N/A N/A N/A 4.48 176.27 0.95 4.28 168.50<br>
</div>
<div style="text-decoration-line: underline;">FOB SW Que 2.16 5.34 210.13N/A<br>
</div>
<div style="text-decoration-line: underline;">Track 1.54 4.72 185.72N/A<br>
</div>
<div style="text-decoration-line: underline;">PROCESSORS<br>
</div>
<div style="text-decoration-line: underline;">Chat-Eth N/A N/A N/A 1.46 N/A<br>
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<div style="text-decoration-line: underline;">Jhnstwn-Eth N/A N/A N/A N/A N/A<br>
</div>
<div style="text-decoration-line: underline;">Aylmer-Eth N/A N/A 1.50 1.60 1.20 4.53 178.34<br>
</div>
<div style="text-decoration-line: underline;">Sarn-Eth N/A N/A N/A N/A N/A<br>
</div>
<div style="text-decoration-line: underline;">London-Ing N/A N/A N/A N/A 1.20 4.53 178.34<br>
</div>
<div style="text-decoration-line: underline;">Pt.Colb-Ing N/A N/A N/A N/A N/A<br>
</div>
<div style="text-decoration-line: underline;">Cardnl-Ing N/A N/A 1.95 2.00 1.50 4.83 190.15<br>
</div>
<div style="text-decoration-line: underline;">W O Feed 1.69 4.87 191.70<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">US Rep 1.81 4.99 196.35<br>
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<div style="text-decoration-line: underline;">Toledo El. -0.11 3.07 120.70 -0.42 2.91 114.62<br>
</div>
<div style="text-decoration-line: underline;"><br>
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<div style="text-decoration-line: underline;">TRANSFER<br>
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<div style="text-decoration-line: underline;">Pt. Colb 1.80 4.98 195.96 1.35 4.68 184.24<br>
</div>
<div style="text-decoration-line: underline;">Prescott N/A N/A<br>
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<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
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<div style="text-decoration-line: underline;">HI SD CRN 0.95 4.28<br>
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<div style="text-decoration-line: underline;">*Wet Bid<br>
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<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Exchange rate was 1.3947 up 0.0052<br>
</div>
<div style="text-decoration-line: underline;">Chicago soybeans closed slightly to moderately lower.<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"> JUL20 HI 8.48 1/2 NOV20 HI 8.56<br>
</div>
<div style="text-decoration-line: underline;"> LOW 8.33 3/4 LOW 8.44<br>
</div>
<div style="text-decoration-line: underline;"> CLOSE8.35 Down 11 3/4 CLOSE 8.45 1/2 Down 8 1/2<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"> OLD CROP NEW CROP<br>
</div>
<div style="text-decoration-line: underline;">Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt<br>
</div>
<div style="text-decoration-line: underline;">ELEVATORS +JUL2+JUL2+SEP20<br>
</div>
<div style="text-decoration-line: underline;">CK Low 2.85 11.20 411.532.65 11.11 408.04<br>
</div>
<div style="text-decoration-line: underline;">CK High 2.90 11.25 413.372.70 11.16 409.88<br>
</div>
<div style="text-decoration-line: underline;">CK Average 2.87 -0.3111.22 412.142.67 -0.4811.13 408.77<br>
</div>
<div style="text-decoration-line: underline;">Essex Cty 2.85 11.20 411.532.65 11.11 408.04<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Low 2.83 11.18 410.792.65 11.11 408.04<br>
</div>
<div style="text-decoration-line: underline;">Mdsx High 2.85 11.20 411.532.65 11.11 408.04<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Average 2.84 -0.3311.19 411.162.65 -0.4911.11 408.04<br>
</div>
<div style="text-decoration-line: underline;">Hensall 2.85 11.20 411.532.68 11.14 409.26<br>
</div>
<div style="text-decoration-line: underline;">Bruce 2.80 11.15 409.692.65 11.11 408.04<br>
</div>
<div style="text-decoration-line: underline;">Putnam 2.85 11.20 411.532.65 11.11 408.04<br>
</div>
<div style="text-decoration-line: underline;">Burford 2.90 11.25 413.372.72 11.18 410.61<br>
</div>
<div style="text-decoration-line: underline;">Port Perry 2.85 11.20 411.532.67 11.13 408.77<br>
</div>
<div style="text-decoration-line: underline;">Norfolk 2.85 11.20 411.532.70 11.16 409.88<br>
</div>
<div style="text-decoration-line: underline;">Palmerston 2.81 11.16 410.062.71 11.17 410.24<br>
</div>
<div style="text-decoration-line: underline;">Varna 2.85 11.20 411.532.70 11.16 409.88<br>
</div>
<div style="text-decoration-line: underline;">Trenton 2.85 11.20 411.532.70 11.16 409.88<br>
</div>
<div style="text-decoration-line: underline;">Winchester 2.90 11.25 413.372.65 11.11 408.04<br>
</div>
<div style="text-decoration-line: underline;">North Gower 2.85 11.20 411.532.71 11.17 410.24<br>
</div>
<div style="text-decoration-line: underline;">Vankleek Hill N/A 2.74 11.20 411.35<br>
</div>
<div style="text-decoration-line: underline;">Huron FOB 3.00 11.35 417.042.80 11.26 413.55<br>
</div>
<div style="text-decoration-line: underline;">Kent FOB 3.05 11.40 418.882.70 11.16 409.88<br>
</div>
<div style="text-decoration-line: underline;">Lambton FOB 3.10 11.45 420.722.70 11.16 409.88<br>
</div>
<div style="text-decoration-line: underline;">Middlesex FOB3.02 3.02 N/A N/A 11.37 417.782.77 11.23 412.45<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">PROCESSORS<br>
</div>
<div style="text-decoration-line: underline;">Windsor 3.35 11.70 429.902.98 11.44 420.16<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">TRANSFER<br>
</div>
<div style="text-decoration-line: underline;">Hamilton 3.45 11.80 433.583.15 11.61 426.41<br>
</div>
<div style="text-decoration-line: underline;">Prescott N/A 3.16 11.62 426.78<br>
</div>
<div style="text-decoration-line: underline;">Port Colborne3.43 11.78 432.843.11 11.57 424.94<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Toledo El. -0.14 8.21 301.69-0.42 8.04 295.29<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Exchange rate was 1.3947 up 0.0052<br>
</div>
<div style="text-decoration-line: underline;">Chicago wheat closed slightly higher.<br>
</div>
<div style="text-decoration-line: underline;">JUL20 HI 5.24 SEP20 HI 5.25<br>
</div>
<div style="text-decoration-line: underline;"> LOW 5.12 LOW 5.14 1/2<br>
</div>
<div style="text-decoration-line: underline;"> CLOSE 5.16 Up 2 1/4 CLOSE 5.18 3/4 Up 3 1/2<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Minni wheat closed slightly lower.<br>
</div>
<div style="text-decoration-line: underline;">JUL20 HI 5.27 3/4 SEP20 HI 5.38<br>
</div>
<div style="text-decoration-line: underline;"> LOW 5.16 1/2 LOW 5.27 1/4<br>
</div>
<div style="text-decoration-line: underline;"> CLOSE 5.18 Down 2 1/2 CLOSE 5.28 3/4 Down 3<br>
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<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">GFO Cash Wheat Prices - DEL Terminal<br>
</div>
<div style="text-decoration-line: underline;">Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</div>
<div style="text-decoration-line: underline;">Basis 2.18 2.39 2.18 1.42<br>
</div>
<div style="text-decoration-line: underline;">CAD $/bu 7.34 7.55 7.34 6.60<br>
</div>
<div style="text-decoration-line: underline;">CAD $/tonne 269.56 277.24 269.56 242.40<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Direct MarkHarvest 2019 Harvest 2020<br>
</div>
<div style="text-decoration-line: underline;"> DELIVERED BASIS DELIVERED BASIS<br>
</div>
<div style="text-decoration-line: underline;">Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</div>
<div style="text-decoration-line: underline;">ELEVATORS<br>
</div>
<div style="text-decoration-line: underline;">Brgssvll N/A N/A N/A N/A N/A N/A 1.32 N/A<br>
</div>
<div style="text-decoration-line: underline;">London 2.03 2.31 1.82 N/A 1.58 1.79 1.31 N/A<br>
</div>
<div style="text-decoration-line: underline;">Hensall 1.75 N/A 1.75 N/A 1.47 N/A 1.32 N/A<br>
</div>
<div style="text-decoration-line: underline;">Trenton N/A N/A N/A N/A N/A N/A 1.42 N/A<br>
</div>
<div style="text-decoration-line: underline;">Bruce 1.65 2.15 1.75 1.80 1.37 1.72 1.32 1.30<br>
</div>
<div style="text-decoration-line: underline;">Essex N/A N/A 1.75 N/A N/A N/A 1.27 N/A<br>
</div>
<div style="text-decoration-line: underline;">Norwich 1.75 N/A 1.75 N/A 1.47 N/A 1.32 N/A<br>
</div>
<div style="text-decoration-line: underline;">Port Hope N/A N/A 1.75 N/A N/A N/A 1.42 N/A<br>
</div>
<div style="text-decoration-line: underline;">Kent Bridge 1.75 N/A 1.75 N/A 1.47 N/A 1.32 N/A<br>
</div>
<div style="text-decoration-line: underline;">Chatham N/A N/A N/A N/A N/A N/A 1.32 N/A<br>
</div>
<div style="text-decoration-line: underline;">Brigden N/A N/A N/A N/A N/A N/A 1.32 N/A<br>
</div>
<div style="text-decoration-line: underline;">Palmerston N/A 2.25 1.70 1.83 N/A 1.85 1.36 1.32<br>
</div>
<div style="text-decoration-line: underline;">Varna 1.95 2.15 1.75 N/A 1.42 1.72 1.32 N/A<br>
</div>
<div style="text-decoration-line: underline;">Mitchell 1.75 1.90 1.75 N/A 1.47 1.67 1.32 N/A<br>
</div>
<div style="text-decoration-line: underline;">Thornton N/A N/A N/A 1.81 N/A N/A N/A N/A<br>
</div>
<div style="text-decoration-line: underline;">North Gower N/A 2.10 1.90 1.05 N/A 1.85 1.40 1.10<br>
</div>
<div style="text-decoration-line: underline;">W O Feed 2.32<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">TERMINAL<br>
</div>
<div style="text-decoration-line: underline;">Port Colbor N/A N/A 2.17 N/A N/A N/A 1.65 N/A<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">PROCESSORS<br>
</div>
<div style="text-decoration-line: underline;">Toledo FM N/A N/A 2.04 N/A N/A N/A 2.01 N/A<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Toledo El. 5.16US 7.20CA 5.16US 7.19CA<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">GFO Contract Wheat Prices - DEL Terminal<br>
</div>
<div style="text-decoration-line: underline;">Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</div>
<div style="text-decoration-line: underline;">Basis 1.70 2.05 1.70 1.25<br>
</div>
<div style="text-decoration-line: underline;">CAD $/bu 6.89 7.24 6.89 6.54<br>
</div>
<div style="text-decoration-line: underline;">CAD $/tonne 253.03 265.84 253.03 240.22<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">(C)-Basis over the Chicago Board of Trade futures<br>
</div>
<div style="text-decoration-line: underline;">(M)-Basis over the Minneapolis Grain Exchange<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">FEED GRAINS<br>
</div>
<div style="text-decoration-line: underline;">FOB Hm Soymeal 489.99<br>
</div>
<div style="text-decoration-line: underline;">DDG's FOB Srn & Aylm -<br>
</div>
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