<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 Thu, May 28<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 1.3765 down 0.0017<br>
</u></div>
<div><u>Chicago corn closed moderately higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 3.30 3/4 DEC20 HI 3.42 1/2<br>
</u></div>
<div><u> LOW 3.19 1/2 LOW 3.33<br>
</u></div>
<div><u> CLOSE3.27 1/2 Up 7 CLOSE 3.40 1/4 Up 5 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 4.53 178.14 0.90 4.30 169.38<br>
</u></div>
<div><u>CK High 1.25 4.53 178.14 0.95 4.35 171.35<br>
</u></div>
<div><u>CK Avg 1.25 0.01 4.53 178.14 0.91 -0.27 4.31 169.71<br>
</u></div>
<div><u>Essex Cty 1.25 4.53 178.14 0.90 4.30 169.38<br>
</u></div>
<div><u>Mdsx Low 1.25 4.53 178.14 0.90 4.30 169.38<br>
</u></div>
<div><u>Mdsx High 1.25 4.53 178.14 0.95 4.35 171.35<br>
</u></div>
<div><u>Mdsx Avg 1.25 0.01 4.53 178.14 0.93 -0.26 4.33 170.37<br>
</u></div>
<div><u>Hensall 1.30 4.58 180.11 0.97 4.37 172.01<br>
</u></div>
<div><u>Bruce 1.30 4.58 180.11 0.95 4.35 171.35<br>
</u></div>
<div><u>Putnam 1.25 4.53 178.14 0.90 4.30 169.38<br>
</u></div>
<div><u>Burford 1.25 4.53 178.14 0.90 4.30 169.38<br>
</u></div>
<div><u>Port Perry 1.35 4.63 182.08 1.05 4.45 175.29<br>
</u></div>
<div><u>Norfolk 1.25 4.53 178.14 0.90 4.30 169.38<br>
</u></div>
<div><u>Palmerston 1.28 4.56 179.32 0.96 4.36 171.74<br>
</u></div>
<div><u>Varna 1.30 4.58 180.11 0.95 4.35 171.35<br>
</u></div>
<div><u>Trenton 1.35 4.63 182.08 1.10 4.50 177.26<br>
</u></div>
<div><u>Winchester 1.40 4.68 184.05 1.45 4.85 191.03<br>
</u></div>
<div><u>North Gower 1.40 4.68 184.05 1.40 4.80 189.07<br>
</u></div>
<div><u>Vankleek Hil 1.01 4.29 168.69 1.06 4.46 175.68<br>
</u></div>
<div><u>Huron FOB 1.43 4.71 185.23 0.95 4.35 171.35<br>
</u></div>
<div><u>Kent FOB 1.30 4.58 180.11 1.00 4.40 173.32<br>
</u></div>
<div><u>Lamb FOB N/A 0.95 4.35 171.35<br>
</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 4.58 180.11 0.95 4.35 171.35<br>
</u></div>
<div><u>FOB SW Que 2.19 5.47 215.15N/A<br>
</u></div>
<div><u>Track 1.52 4.79 188.57N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.43 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 1.45 1.50 1.58 1.20 4.60 181.19<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 4.65 183.16<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 4.95 194.97<br>
</u></div>
<div><u>W O Feed 1.70 4.97 195.78<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.85 5.13 201.76<br>
</u></div>
<div><u>Toledo El. -0.11 3.16 124.60 -0.41 2.99 117.69<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 5.08 199.79 1.35 4.75 187.10<br>
</u></div>
<div><u>Prescott 1.90 5.18 203.73N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 0.95 4.35 1/4<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 1.3765 down 0.0017<br>
</u></div>
<div><u>Chicago soybeans closed narrowly mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.52 1/4 NOV20 HI 8.58 1/2<br>
</u></div>
<div><u> LOW 8.38 3/4 LOW 8.47 1/4<br>
</u></div>
<div><u> CLOSE8.47 Down 1 1/2 CLOSE 8.56 Up 1/2<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 2.73 11.20 411.532.54 11.10 407.86<br>
</u></div>
<div><u>CK High 2.75 11.22 412.262.60 11.16 410.06<br>
</u></div>
<div><u>CK Average 2.75 -0.3211.22 412.142.58 -0.4711.14 409.39<br>
</u></div>
<div><u>Essex Cty 2.75 11.22 412.262.55 11.11 408.22<br>
</u></div>
<div><u>Mdsx Low 2.71 11.18 410.792.52 11.08 407.12<br>
</u></div>
<div><u>Mdsx High 2.75 11.22 412.262.60 11.16 410.06<br>
</u></div>
<div><u>Mdsx Average 2.73 -0.3311.20 411.532.56 -0.4811.12 408.59<br>
</u></div>
<div><u>Hensall 2.75 11.22 412.262.60 11.16 410.06<br>
</u></div>
<div><u>Bruce 2.75 11.22 412.262.60 11.16 410.06<br>
</u></div>
<div><u>Putnam 2.75 11.22 412.262.60 11.16 410.06<br>
</u></div>
<div><u>Burford 2.78 11.25 413.372.59 11.15 409.69<br>
</u></div>
<div><u>Port Perry 2.73 11.20 411.532.54 11.10 407.86<br>
</u></div>
<div><u>Norfolk 2.75 11.22 412.262.60 11.16 410.06<br>
</u></div>
<div><u>Palmerston 2.78 11.25 413.372.62 11.18 410.79<br>
</u></div>
<div><u>Varna 2.75 11.22 412.262.60 11.16 410.06<br>
</u></div>
<div><u>Trenton 2.75 11.22 412.262.60 11.16 410.06<br>
</u></div>
<div><u>Winchester 2.75 11.22 412.262.60 11.16 410.06<br>
</u></div>
<div><u>North Gower 2.75 11.22 412.262.75 11.31 415.57<br>
</u></div>
<div><u>Vankleek Hill N/A 2.85 11.41 419.25<br>
</u></div>
<div><u>Huron FOB 2.90 11.37 417.782.70 11.26 413.73<br>
</u></div>
<div><u>Kent FOB 2.90 11.37 417.782.60 11.16 410.06<br>
</u></div>
<div><u>Lambton FOB 3.00 11.47 421.452.60 11.16 410.06<br>
</u></div>
<div><u>Middlesex FOB2.90 2.90 N/A N/A 11.37 417.782.64 11.20 411.53<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.26 11.73 431.002.88 11.44 420.35<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.30 11.77 432.473.05 11.61 426.59<br>
</u></div>
<div><u>Prescott N/A 3.14 11.70 429.90<br>
</u></div>
<div><u>Port Colborne3.31 11.78 432.842.99 11.55 424.39<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.14 8.33 306.16-0.41 8.15 299.35<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3765 down 0.0017<br>
</u></div>
<div><u>Chicago wheat closed moderately higher.<br>
</u></div>
<div><u>JUL20 HI 5.18 3/4 SEP20 HI 5.21 1/2<br>
</u></div>
<div><u> LOW 5.03 3/4 LOW 5.07 1/4<br>
</u></div>
<div><u> CLOSE 5.14 1/2 Up 10 CLOSE 5.17 3/4 Up 9 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.<br>
</u></div>
<div><u>JUL20 HI 5.22 1/4 SEP20 HI 5.33 3/4<br>
</u></div>
<div><u> LOW 5.12 1/2 LOW 5.23 3/4<br>
</u></div>
<div><u> CLOSE 5.19 1/4 Up 6 CLOSE 5.30 3/4 Up 6 1/4<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 2.07 2.28 2.07 1.34<br>
</u></div>
<div><u>CAD $/bu 7.22 7.43 7.22 6.53<br>
</u></div>
<div><u>CAD $/tonne 265.27 272.86 265.27 239.86<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 1.27 N/A<br>
</u></div>
<div><u>London 1.90 2.18 1.70 N/A 1.46 1.67 1.18 N/A<br>
</u></div>
<div><u>Hensall 1.65 N/A 1.65 N/A 1.42 N/A 1.27 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.42 N/A<br>
</u></div>
<div><u>Bruce 1.55 2.05 1.65 1.70 1.32 1.67 1.27 1.25<br>
</u></div>
<div><u>Essex N/A N/A 1.70 N/A N/A N/A 1.22 N/A<br>
</u></div>
<div><u>Norwich 1.65 N/A 1.65 N/A 1.42 N/A 1.27 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.65 N/A N/A N/A 1.42 N/A<br>
</u></div>
<div><u>Kent Bridge 1.65 N/A 1.65 N/A 1.42 N/A 1.27 N/A<br>
</u></div>
<div><u>Chatham N/A N/A N/A N/A N/A N/A 1.27 N/A<br>
</u></div>
<div><u>Brigden N/A N/A N/A N/A N/A N/A 1.27 N/A<br>
</u></div>
<div><u>Palmerston N/A 2.07 1.66 1.75 N/A 1.74 1.32 1.24<br>
</u></div>
<div><u>Varna 1.85 2.05 1.65 N/A 1.37 1.67 1.27 N/A<br>
</u></div>
<div><u>Mitchell 1.65 1.80 1.65 N/A 1.42 1.62 1.27 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.65 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 2.00 1.80 1.05 N/A 1.80 1.30 1.05<br>
</u></div>
<div><u>W O Feed 2.19<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.03 N/A N/A N/A 1.52 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 1.94 N/A N/A N/A 1.91 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.15US 7.08CA 5.15US 7.09CA<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 1.61 1.95 1.61 1.31<br>
</u></div>
<div><u>CAD $/bu 6.78 7.13 6.78 6.62<br>
</u></div>
<div><u>CAD $/tonne 249.27 261.91 249.27 243.20<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 487.56<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 265.00<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>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<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>
</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>
<u><br>
</u>
<p style="margin-top: 0px; margin-bottom: 0px;"></p>
<p style="margin-top: 0px; margin-bottom: 0px;"><br>
</p>
</div>
</div>
</div>
</body>
</html>