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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 5</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2277 down 0.0031</u></div>
<div><u>Chicago corn closed moderately higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 7.12 DEC21 HI 6.06 1/2</u></div>
<div><u> LOW 6.91 1/4 LOW 5.80</u></div>
<div><u> CLOSE7.08 1/2 Up 11 3/4 CLOSE 6.04 3/4 Up 24 1/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +JUL21+SEP21+SEP21</u></div>
<div><u>CK Low 1.70 8.79 345.85 0.95 7.00 275.48</u></div>
<div><u>CK High 1.75 8.84 347.82 1.00 7.05 277.45</u></div>
<div><u>CK Avg 1.73 0.09 8.81 346.83 0.96 -0.34 7.01 275.81</u></div>
<div><u>Essex Cty 1.75 8.84 347.82 0.95 7.00 275.48</u></div>
<div><u>Mdsx Low 1.70 8.79 345.85 0.95 7.00 275.48</u></div>
<div><u>Mdsx High 1.75 8.84 347.82 1.00 7.05 277.45</u></div>
<div><u>Mdsx Avg 1.73 0.09 8.81 346.83 0.98 -0.33 7.02 276.46</u></div>
<div><u>Hensall 1.75 8.84 347.82 0.98 7.03 276.79</u></div>
<div><u>Bruce 1.75 8.84 347.82 0.95 7.00 275.48</u></div>
<div><u>Putnam 1.70 8.79 345.85 0.95 7.00 275.48</u></div>
<div><u>Burford 1.75 8.84 347.82 0.95 7.00 275.48</u></div>
<div><u>Port Perry 1.75 8.84 347.82 1.00 7.05 277.45</u></div>
<div><u>Norfolk 1.75 8.84 347.82 0.95 7.00 275.48</u></div>
<div><u>Palmerston 1.79 8.88 349.39 0.99 7.04 277.05</u></div>
<div><u>Varna 1.75 8.84 347.82 0.95 7.00 275.48</u></div>
<div><u>Trenton 1.75 8.84 347.82 1.00 7.05 277.45</u></div>
<div><u>Winchester 1.80 8.89 349.79 1.40 7.45 293.20</u></div>
<div><u>North Gower 1.70 8.79 345.85 1.35 7.40 291.23</u></div>
<div><u>Vankleek Hil 1.70 8.79 345.85 1.03 7.08 278.63</u></div>
<div><u>Huron FOB 1.93 1.97 2.06 2.12 9.02 354.90 0.95 7.00 275.48</u></div>
<div><u>Kent FOB 1.90 8.99 353.72 1.07 7.12 280.20</u></div>
<div><u>Lamb FOB 1.85 8.94 351.76 1.05 7.10 279.42</u></div>
<div><u>Mdsx FOB 1.85N/A N/A N/A 8.94 351.76 1.05 7.10 279.42</u></div>
<div><u>FOB SW Que 2.80 9.89 389.16N/A</u></div>
<div><u>Track 2.16 9.24 363.76N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 2.28 1.25 7.30 287.29</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.35 7.40 291.23</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 2.65 1.60 7.65 301.07</u></div>
<div><u>W O Feed 2.34 9.43 371.05</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.23 9.32 366.72</u></div>
<div><u>Toledo El. 0.31 7.39 291.01 -0.25 5.80 228.41</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.95 9.04 355.69 1.40 7.45 293.20</u></div>
<div><u>Prescott 2.13 9.22 362.78 1.34 7.39 290.83</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 7.04 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2277 down 0.0031</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 15.54 NOV21 HI 13.84 1/4</u></div>
<div><u> LOW 15.32 1/4 LOW 13.62</u></div>
<div><u> CLOSE15.42 1/4 Up 4 CLOSE 13.82 3/4 Up 19 1/2</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +JUL21+JUL21+AUG21</u></div>
<div><u>CK Low 4.00 19.42 713.65 2.67 16.50 606.18</u></div>
<div><u>CK High 4.05 19.47 715.49 2.75 16.58 609.12</u></div>
<div><u>CK Average 4.02 0.41 19.44 714.33 2.73 -0.34 16.56 608.32</u></div>
<div><u>Essex Cty 4.00 19.42 713.65 2.70 16.53 607.28</u></div>
<div><u>Mdsx Low 3.99 19.41 713.29 2.65 16.48 605.44</u></div>
<div><u>Mdsx High 4.05 19.47 715.49 2.75 16.58 609.12</u></div>
<div><u>Mdsx Average4.02 0.41 19.44 714.39 2.70 -0.37 16.53 607.28</u></div>
<div><u>Hensall 4.02 19.44 714.27 2.75 16.58 609.12</u></div>
<div><u>Bruce 4.05 19.47 715.49 2.75 16.58 609.12</u></div>
<div><u>Putnam 4.05 19.47 715.49 2.75 16.58 609.12</u></div>
<div><u>Burford 4.06 19.48 715.86 2.72 16.55 608.02</u></div>
<div><u>Port Perry 4.01 19.43 714.02 2.67 16.50 606.18</u></div>
<div><u>Norfolk 4.00 19.42 713.65 2.75 16.58 609.12</u></div>
<div><u>Palmerston 4.00 19.42 713.65 2.71 16.54 607.65</u></div>
<div><u>Varna 4.00 19.42 713.65 2.75 16.58 609.12</u></div>
<div><u>Trenton 4.05 19.47 715.49 2.75 16.58 609.12</u></div>
<div><u>Winchester 4.00 19.42 713.65 2.75 16.58 609.12</u></div>
<div><u>North Gower 3.40 18.82 691.61 2.70 16.53 607.28</u></div>
<div><u>Vankleek Hil3.37 18.79 690.51 2.80 16.63 610.96</u></div>
<div><u>Huron FOB 3.98 4.10 4.16 3.79 19.40 712.92 2.80 16.63 610.96</u></div>
<div><u>Kent FOB 4.10 19.52 717.33 2.75 16.58 609.12</u></div>
<div><u>Lambton FOB 4.05 19.47 715.49 2.80 16.63 610.96</u></div>
<div><u>Mdsx FOB 4.18 4.24 N/A N/A 19.60 720.27 2.85 16.68 612.79</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.13 19.55 718.43 3.01 16.84 618.67</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.50 19.92 732.03 3.20 17.03 625.65</u></div>
<div><u>Prescott N/A 2.98 16.81 617.57</u></div>
<div><u>Port Colborn4.04 19.46 715.12 3.31 17.14 629.70</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.31 15.73 577.96 -0.43 13.40 492.28</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2277 down 0.0031</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>JUL21 HI 7.46 JUL21 HI 7.46</u></div>
<div><u> LOW 7.18 1/4 LOW 7.18 1/4</u></div>
<div><u> CLOSE 7.44 1/2 Up 17 3/4 CLOSE 7.44 1/2 Up 17 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>JUL21 HI 7.85 SEP21 HI 7.89</u></div>
<div><u> LOW 7.65 3/4 LOW 7.70 3/4</u></div>
<div><u> CLOSE 7.82 Up 13 3/4 CLOSE 7.87 Up 15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2020 Harvest 2021</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>London 1.52 1.52 1.52 N/A 1.27 1.21 1.02 N/A</u></div>
<div><u>Hensall N/A N/A N/A N/A 1.35 N/A 1.05 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Bruce 1.65 1.65 1.65 1.65 1.25 1.30 1.05 1.40</u></div>
<div><u>Essex N/A N/A 1.70 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Norwich N/A N/A N/A N/A 1.35 N/A 1.05 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Kent Bridge N/A N/A N/A N/A 1.35 N/A 1.05 N/A</u></div>
<div><u>Chatham N/A N/A 1.70 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.70 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Palmerston N/A N/A 1.50 1.66 N/A 1.32 1.07 1.54</u></div>
<div><u>Varna 1.80 1.80 1.80 N/A 1.25 1.25 1.05 N/A</u></div>
<div><u>Mitchell N/A N/A N/A N/A 1.35 1.30 1.05 N/A</u></div>
<div><u>Thornton 1.52 1.52 1.52 1.46 1.27 1.21 1.02 N/A</u></div>
<div><u>North Gower N/A 1.25 1.40 0.90 N/A 0.72 0.95 0.82</u></div>
<div><u>W O Feed 2.52</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.97 N/A N/A N/A 1.41 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.82 N/A N/A N/A 1.82 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.55US 9.26CA 7.55US 9.26CA</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 600.11</u></div>
<span><u>DDG's FOB Srn & Aylm 320.00 - 330.00</u></span><br>
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<span>Ontario Grain Market Commentary for May 5, 2021</span></div>
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<span>By Todd Austin, Grain Farmers of Ontario</span></div>
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<span>
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<div style="">Wednesday, May 5, 2021</div>
<div style="">COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div style="">Corn CBOT July 7.08 ¨ö ¡è 64 ¨ö Cents</div>
<div style="">Soybeans CBOT July 15.42 ¨ù ¡è 28 ¨ö Cents</div>
<div style="">Wheat CBOT July 7.44 ¨ö ¡è 21 ¨ú Cent</div>
<div style="">Wheat Minn. July 7.81 ¨ù ¡è 16 ¨ù Cents</div>
<div style="">Wheat Kansas July 7.17 ¡è 20 ¨ö Cents</div>
<div style="">Oats CBOT July 4.17 ¡è 9 ¨ö Cents</div>
<div style=""></div>
<div style="">Canadian $ June .8146 ¡è 23 Points</div>
<div style=""><br>
</div>
<div style="">CORN: </div>
<div style="">As of last Sunday, the U.S. had planted 46% of the expected corn crop. This is up 29% from the previous week and ahead of the five-year acreage of 36%.</div>
<div style="">Corn futures moved past the $7 per bushel threshold for the first time since 2013 on continued concern over dryness in Brazil and the resulting threat of tightening global corn supplies.</div>
<div style=""><br>
</div>
<div style="">SOYBEANS:</div>
<div style="">The U.S. has planted 24% of their expected soybean acreage. This is up from 8% last week and ahead of the five-year average of 11%.</div>
<div style="">The International Grains Council (IGC) has pegged global soybean production at 383 million tonnes, up 6% from last year. Global trade is estimated to be 173.45 million tonnes, which is up marginally from the previous year. The IGC is also projecting
that China will buy 103.8 million tonnes of soybeans in 2021 -2022, which represents 60% of the global trade.</div>
<div style=""><br>
</div>
<div style="">WHEAT:</div>
<div style="">The European Commission lowered its forecast of soft wheat to 124.87 million tonnes, down 1.9 million tonnes from the previous estimates. Though down, this year¡¯s production is still above that of the previous year. Exports are projected at 27
million tonnes.</div>
<div style="">U.S. Production of whole wheat flour in the January to March timeframe was down 18% from production levels in the first quarter of 2020. Whole wheat flour production has been trending lower over the past few years.<br>
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<p class="MsoNoSpacing" 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<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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
<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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<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
<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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