<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 Fri, May 22<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 1.3993 up 0.0046<br>
</u></div>
<div><u>Chicago corn closed narrowly mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 3.19 DEC20 HI 3.33 3/4<br>
</u></div>
<div><u> LOW 3.16 LOW 3.30 3/4<br>
</u></div>
<div><u> CLOSE3.18 Up 1/4 CLOSE 3.32 3/4 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 4.43 174.40 0.90 4.23 166.43<br>
</u></div>
<div><u>CK High 1.25 4.43 174.40 0.95 4.28 168.40<br>
</u></div>
<div><u>CK Avg 1.25 -0.01 4.43 174.40 0.91 -0.30 4.24 166.76<br>
</u></div>
<div><u>Essex Cty 1.25 4.43 174.40 0.90 4.23 166.43<br>
</u></div>
<div><u>Mdsx Low 1.25 4.43 174.40 0.90 4.23 166.43<br>
</u></div>
<div><u>Mdsx High 1.25 4.43 174.40 0.95 4.28 168.40<br>
</u></div>
<div><u>Mdsx Avg 1.25 -0.01 4.43 174.40 0.93 -0.29 4.25 167.41<br>
</u></div>
<div><u>Hensall 1.28 4.46 175.71 0.97 4.29 169.05<br>
</u></div>
<div><u>Bruce 1.25 4.43 174.40 0.95 4.28 168.40<br>
</u></div>
<div><u>Putnam 1.25 4.43 174.40 0.90 4.23 166.43<br>
</u></div>
<div><u>Burford 1.25 4.43 174.40 0.90 4.23 166.43<br>
</u></div>
<div><u>Port Perry 1.35 4.53 178.34 1.05 4.38 172.33<br>
</u></div>
<div><u>Norfolk 1.25 4.43 174.40 0.90 4.23 166.43<br>
</u></div>
<div><u>Palmerston 1.23 4.41 173.61 0.92 4.25 167.22<br>
</u></div>
<div><u>Varna 1.25 4.43 174.40 0.95 4.28 168.40<br>
</u></div>
<div><u>Trenton 1.35 4.53 178.34 1.10 4.43 174.30<br>
</u></div>
<div><u>Winchester 1.40 4.58 180.31 1.45 4.78 188.08<br>
</u></div>
<div><u>North Gower 1.35 4.53 178.34 1.40 4.73 186.11<br>
</u></div>
<div><u>Vankleek Hil 1.01 4.19 164.95 1.06 4.39 172.73<br>
</u></div>
<div><u>Huron FOB 1.45 4.63 182.28 1.00 4.33 170.37<br>
</u></div>
<div><u>Kent FOB 1.30 4.48 176.37 1.00 4.33 170.37<br>
</u></div>
<div><u>Lamb FOB N/A 0.95 4.28 168.40<br>
</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 4.48 176.37 0.95 4.28 168.40<br>
</u></div>
<div><u>FOB SW Que 2.15 5.33 209.83N/A<br>
</u></div>
<div><u>Track 1.55 4.73 186.21N/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 4.53 178.24<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 1.25 4.58 180.21<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 1.55 4.88 192.02<br>
</u></div>
<div><u>W O Feed 1.71 4.89 192.59<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.83 5.01 197.23<br>
</u></div>
<div><u>Toledo El. -0.11 3.07 120.78 -0.42 2.91 114.48<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 4.98 196.05 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 1.3993 up 0.0046<br>
</u></div>
<div><u>Chicago soybeans closed narrowly mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.39 1/2 NOV20 HI 8.49 1/4<br>
</u></div>
<div><u> LOW 8.28 1/2 LOW 8.40 3/4<br>
</u></div>
<div><u> CLOSE8.33 1/4 Down 1 3/4 CLOSE 8.44 1/2 Down 1<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 11.18 410.892.65 11.10 407.67<br>
</u></div>
<div><u>CK High 2.92 11.25 413.462.75 11.20 411.35<br>
</u></div>
<div><u>CK Average 2.89 -0.3111.22 412.232.70 -0.4811.15 409.51<br>
</u></div>
<div><u>Essex Cty 2.90 11.23 412.722.70 11.15 409.51<br>
</u></div>
<div><u>Mdsx Low 2.85 11.18 410.892.65 11.10 407.67<br>
</u></div>
<div><u>Mdsx High 2.90 11.23 412.722.73 11.18 410.61<br>
</u></div>
<div><u>Mdsx Average 2.88 -0.3211.21 411.812.69 -0.4911.14 409.14<br>
</u></div>
<div><u>Hensall 2.85 11.18 410.892.68 11.13 408.90<br>
</u></div>
<div><u>Bruce 2.85 11.18 410.892.70 11.15 409.51<br>
</u></div>
<div><u>Putnam 2.85 11.18 410.892.65 11.10 407.67<br>
</u></div>
<div><u>Burford 2.97 11.30 415.302.80 11.25 413.18<br>
</u></div>
<div><u>Port Perry 2.92 11.25 413.462.75 11.20 411.35<br>
</u></div>
<div><u>Norfolk 2.90 11.23 412.722.75 11.20 411.35<br>
</u></div>
<div><u>Palmerston 2.85 11.18 410.892.76 11.21 411.71<br>
</u></div>
<div><u>Varna 2.85 11.18 410.892.70 11.15 409.51<br>
</u></div>
<div><u>Trenton 2.85 11.18 410.892.70 11.15 409.51<br>
</u></div>
<div><u>Winchester 2.90 11.23 412.722.65 11.10 407.67<br>
</u></div>
<div><u>North Gower 2.85 11.18 410.892.71 11.16 409.88<br>
</u></div>
<div><u>Vankleek Hill N/A 2.85 11.30 415.02<br>
</u></div>
<div><u>Huron FOB 3.00 11.33 416.402.80 11.25 413.18<br>
</u></div>
<div><u>Kent FOB 3.10 11.43 420.072.75 11.20 411.35<br>
</u></div>
<div><u>Lambton FOB 3.10 11.43 420.072.70 11.15 409.51<br>
</u></div>
<div><u>Middlesex FOB3.09 3.09 N/A N/A 11.42 419.712.85 11.30 415.02<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.39 11.72 430.733.02 11.47 421.27<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.50 11.83 434.773.20 11.65 427.88<br>
</u></div>
<div><u>Prescott N/A 3.14 11.59 425.68<br>
</u></div>
<div><u>Port Colborne3.50 11.83 434.773.19 11.64 427.51<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.14 8.19 301.03-0.42 8.03 294.88<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3993 up 0.0046<br>
</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>JUL20 HI 5.16 1/4 SEP20 HI 5.18 3/4<br>
</u></div>
<div><u> LOW 5.03 1/4 LOW 5.06 3/4<br>
</u></div>
<div><u> CLOSE 5.08 3/4 Down 7 1/4 CLOSE 5.12 3/4 Down 6<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>JUL20 HI 5.17 3/4 SEP20 HI 5.28 1/4<br>
</u></div>
<div><u> LOW 5.11 1/4 LOW 5.22 1/4<br>
</u></div>
<div><u> CLOSE 5.13 Down 5 CLOSE 5.24 1/4 Down 4 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 2.17 2.38 2.17 1.42<br>
</u></div>
<div><u>CAD $/bu 7.26 7.47 7.26 6.55<br>
</u></div>
<div><u>CAD $/tonne 266.72 274.43 266.72 240.62<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 1.31 N/A<br>
</u></div>
<div><u>London 2.05 2.33 1.84 N/A 1.59 1.80 1.31 N/A<br>
</u></div>
<div><u>Hensall 1.75 N/A 1.75 N/A 1.46 N/A 1.31 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.41 N/A<br>
</u></div>
<div><u>Bruce 1.65 2.15 1.75 1.80 1.36 1.71 1.31 1.30<br>
</u></div>
<div><u>Essex N/A N/A 1.80 N/A N/A N/A 1.31 N/A<br>
</u></div>
<div><u>Norwich 1.75 N/A 1.75 N/A 1.46 N/A 1.31 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.75 N/A N/A N/A 1.41 N/A<br>
</u></div>
<div><u>Kent Bridge 1.75 N/A 1.75 N/A 1.46 N/A 1.31 N/A<br>
</u></div>
<div><u>Chatham N/A N/A N/A N/A N/A N/A 1.36 N/A<br>
</u></div>
<div><u>Brigden N/A N/A N/A N/A N/A N/A 1.36 N/A<br>
</u></div>
<div><u>Palmerston N/A 2.18 1.76 1.85 N/A 1.84 1.41 1.33<br>
</u></div>
<div><u>Varna 1.95 2.15 1.75 N/A 1.41 1.71 1.31 N/A<br>
</u></div>
<div><u>Mitchell 1.75 1.90 1.75 N/A 1.46 1.66 1.31 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.81 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 2.32<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 1.65 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.03 N/A N/A N/A 1.99 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.09US 7.12CA 5.09US 7.12CA<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 1.70 2.05 1.70 1.25<br>
</u></div>
<div><u>CAD $/bu 6.82 7.17 6.82 6.49<br>
</u></div>
<div><u>CAD $/tonne 250.72 263.57 250.72 238.64<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 491.75<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 265.00<br>
</u></div>
<u><span></span><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>