<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 Tue, June 2<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 1.3517 down 0.0068<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 3.25 1/4 DEC20 HI 3.38 1/4<br>
</u></div>
<div><u> LOW 3.22 LOW 3.35<br>
</u></div>
<div><u> CLOSE3.24 1/4 Up 1 CLOSE 3.38 Up 2 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 +SEP20+SEP20+DEC20<br>
</u></div>
<div><u>CK Low 1.25 4.49 176.86 0.90 4.28 168.50<br>
</u></div>
<div><u>CK High 1.30 4.54 178.83 0.95 4.33 170.46<br>
</u></div>
<div><u>CK Avg 1.27 0.09 4.51 177.52 0.91 -0.21 4.29 168.82<br>
</u></div>
<div><u>Essex Cty 1.30 4.54 178.83 0.90 4.28 168.50<br>
</u></div>
<div><u>Mdsx Low 1.25 4.49 176.86 0.90 4.28 168.50<br>
</u></div>
<div><u>Mdsx High 1.25 4.49 176.86 0.95 4.33 170.46<br>
</u></div>
<div><u>Mdsx Avg 1.25 0.08 4.49 176.86 0.93 -0.20 4.31 169.48<br>
</u></div>
<div><u>Hensall 1.30 4.54 178.83 0.97 4.35 171.12<br>
</u></div>
<div><u>Bruce 1.30 4.54 178.83 0.95 4.33 170.46<br>
</u></div>
<div><u>Putnam 1.25 4.49 176.86 0.90 4.28 168.50<br>
</u></div>
<div><u>Burford 1.25 4.49 176.86 0.90 4.28 168.50<br>
</u></div>
<div><u>Port Perry 1.40 4.64 182.77 1.05 4.43 174.40<br>
</u></div>
<div><u>Norfolk 1.30 4.54 178.83 0.90 4.28 168.50<br>
</u></div>
<div><u>Palmerston 1.18 4.42 174.11 0.87 4.25 167.32<br>
</u></div>
<div><u>Varna 1.30 4.54 178.83 0.95 4.33 170.46<br>
</u></div>
<div><u>Trenton 1.35 4.59 180.80 1.05 4.43 174.40<br>
</u></div>
<div><u>Winchester 1.45 4.69 184.74 1.45 4.83 190.15<br>
</u></div>
<div><u>North Gower 1.35 4.59 180.80 1.35 4.73 186.21<br>
</u></div>
<div><u>Vankleek HilN/A 0.92 4.30 169.28<br>
</u></div>
<div><u>Huron FOB 1.43 4.67 183.95 0.95 4.33 170.46<br>
</u></div>
<div><u>Kent FOB 1.35 4.59 180.80 1.00 4.38 172.43<br>
</u></div>
<div><u>Lamb FOB 1.29 4.53 178.44 0.95 4.33 170.46<br>
</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 4.54 178.83 0.90 4.28 168.50<br>
</u></div>
<div><u>FOB SW Que 1.97 5.21 205.21N/A<br>
</u></div>
<div><u>Track 1.50 4.74 186.51N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A 1.35 1.33 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 1.45 1.53 1.58 1.60 4.69 184.74 1.20 4.58 180.31<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 4.63 182.28<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 1.95 2.00 1.96 1.55 4.93 194.09<br>
</u></div>
<div><u>W O Feed 1.63 4.87 191.90<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 5.05 198.91<br>
</u></div>
<div><u>Toledo El. -0.07 3.17 124.99 -0.41 2.97 117.10<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 5.04 198.51 1.35 4.73 186.21<br>
</u></div>
<div><u>Prescott 1.93 5.17 203.63N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 0.95 4.33<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 1.3517 down 0.0068<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.56 NOV20 HI 8.65<br>
</u></div>
<div><u> LOW 8.38 1/2 LOW 8.50 1/4<br>
</u></div>
<div><u> CLOSE8.50 1/2 Up 10 CLOSE 8.60 1/2 Up 8 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+AUG2+NOV20<br>
</u></div>
<div><u>CK Low 2.55 11.06 406.202.35 10.96 402.53<br>
</u></div>
<div><u>CK High 2.60 11.11 408.042.45 11.06 406.20<br>
</u></div>
<div><u>CK Average 2.58 -0.3111.08 407.122.41 -0.4611.01 404.55<br>
</u></div>
<div><u>Essex Cty 2.60 11.11 408.042.40 11.01 404.36<br>
</u></div>
<div><u>Mdsx Low 2.53 11.04 405.472.36 10.97 402.89<br>
</u></div>
<div><u>Mdsx High 2.55 11.06 406.202.40 11.01 404.36<br>
</u></div>
<div><u>Mdsx Average 2.54 -0.3311.05 405.832.38 -0.4810.99 403.63<br>
</u></div>
<div><u>Hensall 2.58 11.09 407.432.40 11.01 404.36<br>
</u></div>
<div><u>Bruce 2.60 11.11 408.042.40 11.01 404.36<br>
</u></div>
<div><u>Putnam 2.55 11.06 406.202.40 11.01 404.36<br>
</u></div>
<div><u>Burford 2.60 11.11 408.042.43 11.04 405.47<br>
</u></div>
<div><u>Port Perry 2.55 11.06 406.202.38 10.99 403.63<br>
</u></div>
<div><u>Norfolk 2.60 11.11 408.042.45 11.06 406.20<br>
</u></div>
<div><u>Palmerston 2.58 11.09 407.302.43 11.04 405.47<br>
</u></div>
<div><u>Varna 2.60 11.11 408.042.40 11.01 404.36<br>
</u></div>
<div><u>Trenton 2.65 11.16 409.882.45 11.06 406.20<br>
</u></div>
<div><u>Winchester 2.60 11.11 408.042.35 10.96 402.53<br>
</u></div>
<div><u>North Gower 2.65 11.16 409.882.65 11.26 413.55<br>
</u></div>
<div><u>Vankleek Hill N/A 2.47 11.08 406.94<br>
</u></div>
<div><u>Huron FOB 2.75 11.26 413.552.50 11.11 408.04<br>
</u></div>
<div><u>Kent FOB 2.85 11.36 417.222.45 11.06 406.20<br>
</u></div>
<div><u>Lambton FOB 2.80 11.31 415.392.40 11.01 404.36<br>
</u></div>
<div><u>Middlesex FOB2.72 2.79 N/A N/A 11.23 412.452.48 11.09 407.30<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.06 11.57 424.942.69 11.30 415.02<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.20 11.71 430.092.90 11.51 422.74<br>
</u></div>
<div><u>Prescott N/A 2.84 11.45 420.53<br>
</u></div>
<div><u>Port Colborne2.99 11.50 422.372.82 11.43 419.80<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.11 8.40 308.53-0.41 8.20 301.28<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3517 down 0.0068<br>
</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>JUL20 HI 5.17 1/4 SEP20 HI 5.19 3/4<br>
</u></div>
<div><u> LOW 5.06 3/4 LOW 5.11<br>
</u></div>
<div><u> CLOSE 5.08 Down 7 1/4 CLOSE 5.12 1/4 Down 6<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>JUL20 HI 5.22 3/4 SEP20 HI 5.31 1/4<br>
</u></div>
<div><u> LOW 5.15 3/4 LOW 5.26 3/4<br>
</u></div>
<div><u> CLOSE 5.16 1/2 Down 4 3/4 CLOSE 5.27 1/2 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 1.92 2.12 1.92 1.21<br>
</u></div>
<div><u>CAD $/bu 7.00 7.20 7.00 6.37<br>
</u></div>
<div><u>CAD $/tonne 257.28 264.73 257.28 234.18<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 1.16 N/A<br>
</u></div>
<div><u>London 1.82 2.02 1.55 N/A 1.37 1.58 1.17 N/A<br>
</u></div>
<div><u>Hensall 1.55 N/A 1.55 N/A 1.31 N/A 1.16 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 1.50 1.95 1.55 1.60 1.26 1.56 1.16 1.25<br>
</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 1.11 N/A<br>
</u></div>
<div><u>Norwich 1.55 N/A 1.55 N/A 1.31 N/A 1.16 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.55 N/A N/A N/A 1.36 N/A<br>
</u></div>
<div><u>Kent Bridge 1.55 N/A 1.55 N/A 1.31 N/A 1.16 N/A<br>
</u></div>
<div><u>Chatham N/A N/A N/A N/A N/A N/A 1.16 N/A<br>
</u></div>
<div><u>Brigden N/A N/A N/A N/A N/A N/A 1.16 N/A<br>
</u></div>
<div><u>Palmerston N/A 1.92 1.51 1.61 N/A 1.60 1.18 1.11<br>
</u></div>
<div><u>Varna 1.75 1.95 1.55 N/A 1.27 1.56 1.16 N/A<br>
</u></div>
<div><u>Mitchell 1.55 1.70 1.55 N/A 1.31 1.51 1.16 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.54 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.90 1.70 1.00 N/A 1.70 1.20 1.00<br>
</u></div>
<div><u>W O Feed 1.98<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 1.89 N/A N/A N/A 1.51 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 1.79 N/A N/A N/A 1.75 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.08US 6.87CA 5.08US 6.87CA<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 1.46 1.80 1.46 1.18<br>
</u></div>
<div><u>CAD $/bu 6.59 6.92 6.59 6.45<br>
</u></div>
<div><u>CAD $/tonne 242.00 254.42 242.00 237.16<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 480.29<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 260.00<br>
</u></div>
<u><span></span><br>
</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; font-family: "Courier New";"><br>
</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";">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>