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Ontario Grain Market Commentary for April 7, 2021</div>
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By Todd Austin, Grain Farmers of Ontario</div>
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<div>Wednesday, April 7, 2021</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div>Corn CBOT May 5.60 ¨ö ¡è 21 ¨ù Cents</div>
<div>Soybeans CBOT May 14.08 ¨ú ¡è 42 Cents</div>
<div>Wheat CBOT May 6.16 ¨ù ¡è 14 ¨ö Cent</div>
<div>Wheat Minn. May 6.24 ¨ö ¡è 22 ¨ú Cents</div>
<div>Wheat Kansas May 5.63 ¨ù ¡è 4 ¨ú Cents</div>
<div>Oats CBOT May 3.71 ¨ö ¡è 3 Cents</div>
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<div>Canadian $ June .7925 ¡è 9 Points</div>
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<div>CORN: </div>
<div>According to the USDA, the U.S. has planted 2% of the corn crop as of April 4, 2021. This pace is on par with the five-year-average. As for the state-by-state progress, Texas has planted 56% of the estimated corn acreage while most other states have yet
to start planting corn.</div>
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<div>SOYBEANS:</div>
<div>Brazil soybeans are 78% harvested as of last week, versus 83% last year, although this year's percentage matches the five-year-average. The beginning of the soybean harvest was slow due to late planting and excessive rainfall. More recently, the harvest
pace has improved and with local weather forecasts calling for drier weather, the soybean harvest should continue at a rapid pace.</div>
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<div>WHEAT:</div>
<div>Egypt¡¯s GASC has purchased 345,000 tonnes of wheat for an early August shipment. The purchase comprised of 290,000 tonnes of Russian wheat and 55,000 tonnes of Ukrainian wheat.</div>
<div> Saudi Arabia has a tender for 295,000 tonnes of wheat to be shipped between May and June 2021. The tender is to help meet local demand and to maintain strategic stocks.</div>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
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<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span><o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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