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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 10<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 1.3367 down 0.0025<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 3.28 DEC20 HI 3.43 1/4<br>
</u></div>
<div><u> LOW 3.24 1/4 LOW 3.40 1/4<br>
</u></div>
<div><u> CLOSE3.26 1/4 Down 1 1/4 CLOSE 3.41 1/2 Down 1 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 +SEP20+SEP20+DEC20<br>
</u></div>
<div><u>CK Low 1.30 4.56 179.62 0.90 4.32 169.87<br>
</u></div>
<div><u>CK High 1.35 4.61 181.59 0.95 4.37 171.84<br>
</u></div>
<div><u>CK Avg 1.31 0.16 4.57 179.95 0.92 -0.17 4.33 170.53<br>
</u></div>
<div><u>Essex Cty 1.35 4.61 181.59 0.95 4.37 171.84<br>
</u></div>
<div><u>Mdsx Low 1.30 4.56 179.62 0.90 4.32 169.87<br>
</u></div>
<div><u>Mdsx High 1.30 4.56 179.62 0.95 4.37 171.84<br>
</u></div>
<div><u>Mdsx Avg 1.30 0.15 4.56 179.62 0.93 -0.17 4.34 170.86<br>
</u></div>
<div><u>Hensall 1.32 4.58 180.27 0.95 4.37 171.84<br>
</u></div>
<div><u>Bruce 1.35 4.61 181.59 0.95 4.37 171.84<br>
</u></div>
<div><u>Putnam 1.30 4.56 179.62 0.90 4.32 169.87<br>
</u></div>
<div><u>Burford 1.30 4.56 179.62 0.90 4.32 169.87<br>
</u></div>
<div><u>Port Perry 1.40 4.66 183.55 1.05 4.47 175.78<br>
</u></div>
<div><u>Norfolk 1.35 4.61 181.59 0.95 4.37 171.84<br>
</u></div>
<div><u>Palmerston 1.29 4.55 179.22 0.95 4.37 171.84<br>
</u></div>
<div><u>Varna 1.35 4.61 181.59 0.95 4.37 171.84<br>
</u></div>
<div><u>Trenton 1.45 4.71 185.52 1.10 4.52 177.75<br>
</u></div>
<div><u>Winchester 1.45 4.71 185.52 1.45 4.87 191.53<br>
</u></div>
<div><u>North Gower 1.35 4.61 181.59 1.40 4.82 189.56<br>
</u></div>
<div><u>Vankleek HilN/A 0.93 4.35 171.06<br>
</u></div>
<div><u>Huron FOB 1.43 4.69 184.74 0.90 4.32 169.87<br>
</u></div>
<div><u>Kent FOB 1.40 4.66 183.55 1.00 4.42 173.81<br>
</u></div>
<div><u>Lamb FOB 1.37 4.63 182.37 0.90 4.32 169.87<br>
</u></div>
<div><u>Mdsx FOB 1.45N/A N/A N/A 4.71 185.52 0.90 4.32 169.87<br>
</u></div>
<div><u>FOB SW Que 1.82 5.08 200.09N/A<br>
</u></div>
<div><u>Track 1.54 4.80 188.87N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A 1.46 1.49 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 1.53 1.58 1.55 1.10 4.52 177.75<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 1.15 4.57 179.72<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 2.00 1.95 1.50 4.92 193.49<br>
</u></div>
<div><u>W O Feed 1.67 4.94 194.28<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.77 5.03 198.12<br>
</u></div>
<div><u>Toledo El. -0.07 3.20 125.81 -0.40 3.01 118.65<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 5.06 199.30 1.35 4.77 187.59<br>
</u></div>
<div><u>Prescott 1.99 5.25 206.78N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 0.95 4.36 1/2<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 1.3367 down 0.0025<br>
</u></div>
<div><u>Chicago soybeans closed narrowly mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.69 1/4 NOV20 HI 8.80 3/4<br>
</u></div>
<div><u> LOW 8.63 LOW 8.75<br>
</u></div>
<div><u> CLOSE8.65 1/2 Up 2 1/4 CLOSE 8.77 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 Basis U.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +JUL20+AUG20+NOV20<br>
</u></div>
<div><u>CK Low 2.57 11.23 412.45 2.37 11.14 409.32<br>
</u></div>
<div><u>CK High 2.65 11.31 415.39 2.40 11.17 410.43<br>
</u></div>
<div><u>CK Average 2.60 -0.23 11.26 413.67 2.40 -0.42 11.17 410.24<br>
</u></div>
<div><u>Essex Cty 2.60 11.26 413.55 2.35 11.12 408.59<br>
</u></div>
<div><u>Mdsx Low 2.55 11.21 411.71 2.35 11.12 408.59<br>
</u></div>
<div><u>Mdsx High 2.60 11.26 413.55 2.40 11.17 410.43<br>
</u></div>
<div><u>Mdsx Average2.58 -0.25 11.23 412.63 2.38 -0.43 11.15 409.51<br>
</u></div>
<div><u>Hensall 2.63 11.29 414.78 2.43 11.20 411.65<br>
</u></div>
<div><u>Bruce 2.65 11.31 415.39 2.45 11.22 412.26<br>
</u></div>
<div><u>Putnam 2.60 11.26 413.55 2.40 11.17 410.43<br>
</u></div>
<div><u>Burford 2.62 11.28 414.29 2.42 11.19 411.16<br>
</u></div>
<div><u>Port Perry 2.57 11.23 412.45 2.37 11.14 409.32<br>
</u></div>
<div><u>Norfolk 2.60 11.26 413.55 2.40 11.17 410.43<br>
</u></div>
<div><u>Palmerston 2.59 11.25 413.18 2.42 11.19 411.16<br>
</u></div>
<div><u>Varna 2.65 11.31 415.39 2.45 11.22 412.26<br>
</u></div>
<div><u>Trenton 2.60 11.26 413.55 2.40 11.17 410.43<br>
</u></div>
<div><u>Winchester 2.65 11.31 415.39 2.40 11.17 410.43<br>
</u></div>
<div><u>North Gower 2.60 11.26 413.55 2.50 11.27 414.10<br>
</u></div>
<div><u>Vankleek Hil N/A 2.50 11.27 414.10<br>
</u></div>
<div><u>Huron FOB 2.72 11.38 417.96 2.45 11.22 412.26<br>
</u></div>
<div><u>Kent FOB 2.85 11.51 422.74 2.40 11.17 410.43<br>
</u></div>
<div><u>Lambton FOB 2.80 11.46 420.90 2.40 11.17 410.43<br>
</u></div>
<div><u>Mdsx FOB 2.74 2.80 N/A N/A 11.40 418.69 2.50 11.27 414.10<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.02 11.68 428.98 2.66 11.43 419.98<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.15 11.81 433.76 2.85 11.62 426.96<br>
</u></div>
<div><u>Prescott N/A 2.84 11.61 426.59<br>
</u></div>
<div><u>Port Colborn2.94 11.60 426.04 2.78 11.55 424.39<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.11 8.55 314.09 -0.40 8.37 307.51<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3367 down 0.0025<br>
</u></div>
<div><u>Chicago wheat closed narrowly mixed.<br>
</u></div>
<div><u>JUL20 HI 5.09 1/4 SEP20 HI 5.15<br>
</u></div>
<div><u> LOW 5.02 1/2 LOW 5.08 1/2<br>
</u></div>
<div><u> CLOSE 5.06 1/4 Up 1 3/4 CLOSE 5.11 1/2 Up 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>JUL20 HI 5.28 SEP20 HI 5.40 1/4<br>
</u></div>
<div><u> LOW 5.18 3/4 LOW 5.31 1/4<br>
</u></div>
<div><u> CLOSE 5.19 1/2 Down 4 3/4 CLOSE 5.31 3/4 Down 4 3/4<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 1.84 2.04 1.84 1.15<br>
</u></div>
<div><u>CAD $/bu 6.90 7.10 6.90 6.34<br>
</u></div>
<div><u>CAD $/tonne 253.56 260.93 253.56 233.06<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 1.10 N/A<br>
</u></div>
<div><u>London 1.72 1.92 1.45 N/A 1.27 1.47 1.07 N/A<br>
</u></div>
<div><u>Hensall 1.50 N/A 1.50 N/A 1.25 N/A 1.10 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Bruce 1.45 1.90 1.50 1.55 1.20 1.50 1.10 1.20<br>
</u></div>
<div><u>Essex N/A N/A 1.50 N/A N/A N/A 1.05 N/A<br>
</u></div>
<div><u>Norwich 1.50 N/A 1.50 N/A 1.25 N/A 1.10 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.50 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Kent Bridge 1.50 N/A 1.50 N/A 1.25 N/A 1.10 N/A<br>
</u></div>
<div><u>Chatham N/A N/A N/A N/A N/A N/A 1.10 N/A<br>
</u></div>
<div><u>Brigden N/A N/A N/A N/A N/A N/A 1.10 N/A<br>
</u></div>
<div><u>Palmerston N/A 1.83 1.49 1.56 N/A 1.51 1.10 1.06<br>
</u></div>
<div><u>Varna 1.70 1.90 1.50 N/A 1.20 1.50 1.10 N/A<br>
</u></div>
<div><u>Mitchell 1.50 1.65 1.50 N/A 1.25 1.45 1.10 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.39 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.75 1.55 0.90 N/A 1.50 1.25 1.00<br>
</u></div>
<div><u>W O Feed 1.86<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 1.79 N/A N/A N/A 1.40 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 1.70 N/A N/A N/A 1.66 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.06US 6.77CA 5.07US 6.77CA<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 1.39 1.72 1.39 1.12<br>
</u></div>
<div><u>CAD $/bu 6.50 6.84 6.50 6.44<br>
</u></div>
<div><u>CAD $/tonne 238.97 251.25 238.97 236.63<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 483.70<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 225.00<br>
</u></div>
<div><u><br>
</u></div>
<div>---</div>
<div><br>
</div>
<div>Ontario Grain Market Commentary for June 10, 2020</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div><br>
</div>
<div>
<div>Wednesday, June 10, 2020<br>
</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT<br>
</div>
<div>Corn CBOT July 3.26 ¨ù ¡è 2¨ù cents<br>
</div>
<div>Soybeans CBOT July 8.65¨ö ¡è 8 cents<br>
</div>
<div>Wheat CBOT July 5.06¨ù ¡é 5¨ú cents<br>
</div>
<div>Wheat Minn. July 5.19¨ö ¡é 1¨ù Cents<br>
</div>
<div>Wheat Kansas July 4.57¨ö ¡é ¨ù Cent<br>
</div>
<div>Oats CBOT July 3.13¨ö ¡é 18¨ù Cents<br>
</div>
<div><br>
</div>
<div>Canadian $ June 0.7501 ¡è 87 Points<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>CORN: <br>
</div>
<div>The USDA estimates that 97% of the corn crop has been planted. This is ahead of the five-year average of 94%. Of the corn that has been planted, 89% has emerged. The corn crop condition rating is 75% good-to-excellent.<br>
</div>
<div>With a predicted increase in global coarse grain production, the U.S. is expected to face strong global export competition. The U.S is anticipating to have 30% of the global corn trade while Argentina, Brazil, and the Ukraine are expected to have a combined
share of the export market of 58%. <br>
</div>
<div><br>
</div>
<div>SOYBEANS: <br>
</div>
<div>U.S. soybeans are 86% planted, ahead of the five-year average of 79%. Emergence is 67%. The crop condition rating is 72% good-to-excellent.<br>
</div>
<div>According to reports, China has purchased 120,000 tonnes of U.S. soybeans for December shipment. This recent Chinese demand has led to gains in the Chicago soybeans futures.<br>
</div>
<div>Since February, Brazil has exported 47.8 million tonnes of soybeans, up 44% on the year. Brazil¡¯s export pace makes one wonder if it will either slow down exports in the near future or look to import soybeans for domestic use.<br>
</div>
<div><br>
</div>
<div>WHEAT:<br>
</div>
<div>U.S. winter wheat is 7% harvested.<br>
</div>
<div>Recent rains and locally strong wheat prices are being credited for the anticipated increase in wheat planting in Brazil. Brazil is expected to plant 5.4 million acres of wheat this year. This would represent an increase of nearly 7% from last year.<br>
</div>
<div>Australia has recently revised its wheat production by more than 25% after rains broke a multi-year drought along the east coast. Production has been increased from 21.3 million tonnes to 26.7 million tonnes.
<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>2020 harvest prices for June 10, 2020, at the market close, are as follows:<br>
</div>
<div><br>
</div>
<div>SWW at $239.37/mt ($6.51bu), HRW at $251.68/mt ($6.85 /bu) + protein, <br>
</div>
<div>HRS at $ 237.04/mt ($6.45/bu) + protein, and SRW at $239.37 /mt ($6.51/bu).<br>
</div>
<div><br>
</div>
<div>We offer on farm bids for 2020 wheat 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>
<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">
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