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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 10</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2098 down 0.0053</u></div>
<div><u>Chicago corn closed lower to sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 7.30 3/4 DEC21 HI 6.31 1/4</u></div>
<div><u> LOW 7.08 1/2 LOW 6.06 3/4</u></div>
<div><u> CLOSE7.11 3/4 Down 20 1/2 CLOSE 6.09 1/4 Down 27 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 1.75 8.87 349.10 0.95 7.04 277.25</u></div>
<div><u>CK High 1.75 8.87 349.10 1.00 7.09 279.22</u></div>
<div><u>CK Avg 1.75 0.21 8.87 349.10 0.96 -0.26 7.05 277.58</u></div>
<div><u>Essex Cty 1.75 8.87 349.10 0.95 7.04 277.25</u></div>
<div><u>Mdsx Low 1.75 8.87 349.10 0.95 7.04 277.25</u></div>
<div><u>Mdsx High 1.75 8.87 349.10 1.00 7.09 279.22</u></div>
<div><u>Mdsx Avg 1.75 0.21 8.87 349.10 0.98 -0.25 7.07 278.24</u></div>
<div><u>Hensall 1.77 8.88 349.75 0.98 7.08 278.56</u></div>
<div><u>Bruce 1.75 8.87 349.10 0.95 7.04 277.25</u></div>
<div><u>Putnam 1.75 8.87 349.10 0.95 7.04 277.25</u></div>
<div><u>Burford 1.75 8.87 349.10 0.95 7.04 277.25</u></div>
<div><u>Port Perry 1.75 8.87 349.10 1.00 7.09 279.22</u></div>
<div><u>Norfolk 1.75 8.87 349.10 0.95 7.04 277.25</u></div>
<div><u>Palmerston 1.66 8.78 345.55 0.90 6.99 275.28</u></div>
<div><u>Varna 1.75 8.87 349.10 0.95 7.04 277.25</u></div>
<div><u>Trenton 1.75 8.87 349.10 1.00 7.09 279.22</u></div>
<div><u>Winchester 1.80 8.92 351.07 1.40 7.49 294.97</u></div>
<div><u>North Gower 1.70 8.82 347.13 1.30 7.39 291.03</u></div>
<div><u>Vankleek Hil 1.65 8.77 345.16 1.01 7.10 279.61</u></div>
<div><u>Huron FOB 1.86 1.93 2.01 2.07 8.98 353.43 1.00 7.09 279.22</u></div>
<div><u>Kent FOB 1.90 9.02 355.00 1.07 7.16 281.98</u></div>
<div><u>Lamb FOB 1.85 8.97 353.03 1.05 7.14 281.19</u></div>
<div><u>Mdsx FOB 1.85 1.85N/A N/A 8.97 353.03 1.05 7.14 281.19</u></div>
<div><u>FOB SW Que 2.61 9.73 382.95N/A</u></div>
<div><u>Track 2.09 9.20 362.29N/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 1.17 7.26 285.91</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 7.44 293.00</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 2.55 1.60 7.69 302.84</u></div>
<div><u>W O Feed 2.21 9.33 367.29</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.08 9.20 362.09</u></div>
<div><u>Toledo El. 0.30 7.42 292.11 -0.24 5.85 230.33</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.95 9.07 356.97 1.40 7.49 294.97</u></div>
<div><u>Prescott 1.71 8.83 347.52 1.31 7.40 291.42</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 7.09 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2098 down 0.0053</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 15.93 3/4 NOV21 HI 14.30 3/4</u></div>
<div><u> LOW 15.75 1/4 LOW 14.07 1/2</u></div>
<div><u> CLOSE15.87 1/2 Down 2 1/4 CLOSE 14.14 1/4 Down 19 1/4</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 3.80 19.68 722.93 2.61 16.75 615.55</u></div>
<div><u>CK High 4.00 19.88 730.28 2.70 16.84 618.86</u></div>
<div><u>CK Average 3.88 0.46 19.76 725.99 2.65 -0.26 16.79 617.08</u></div>
<div><u>Essex Cty 3.80 19.68 722.93 2.60 16.74 615.18</u></div>
<div><u>Mdsx Low 3.78 19.66 722.20 2.59 16.73 614.81</u></div>
<div><u>Mdsx High 3.90 19.78 726.61 2.65 16.79 617.02</u></div>
<div><u>Mdsx Average3.84 0.42 19.72 724.40 2.62 -0.29 16.76 615.92</u></div>
<div><u>Hensall 3.90 19.78 726.61 2.65 16.79 617.02</u></div>
<div><u>Bruce 3.90 19.78 726.61 2.65 16.79 617.02</u></div>
<div><u>Putnam 3.90 19.78 726.61 2.65 16.79 617.02</u></div>
<div><u>Burford 3.85 19.73 724.77 2.66 16.80 617.39</u></div>
<div><u>Port Perry 3.80 19.68 722.93 2.61 16.75 615.55</u></div>
<div><u>Norfolk 3.80 19.68 722.93 2.65 16.79 617.02</u></div>
<div><u>Palmerston 3.78 19.66 722.20 2.63 16.77 616.28</u></div>
<div><u>Varna 4.00 19.88 730.28 2.75 16.89 620.69</u></div>
<div><u>Trenton 3.90 19.78 726.61 2.65 16.79 617.02</u></div>
<div><u>Winchester 4.00 19.88 730.28 2.75 16.89 620.69</u></div>
<div><u>North Gower 3.30 19.18 704.56 2.65 16.79 617.02</u></div>
<div><u>Vankleek Hil3.22 19.10 701.62 2.63 16.77 616.28</u></div>
<div><u>Huron FOB 3.95 4.01 4.01 3.66 19.83 728.44 2.70 16.84 618.86</u></div>
<div><u>Kent FOB 3.90 19.78 726.61 2.65 16.79 617.02</u></div>
<div><u>Lambton FOB 3.80 19.68 722.93 2.60 16.74 615.18</u></div>
<div><u>Mdsx FOB 4.00 4.06 N/A N/A 19.88 730.28 2.75 16.89 620.69</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.98 19.86 729.55 2.82 16.96 623.27</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.30 20.18 741.30 3.10 17.24 633.55</u></div>
<div><u>Prescott N/A 2.88 17.02 625.47</u></div>
<div><u>Port Colborn3.84 19.72 724.40 3.12 17.26 634.29</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.30 16.18 594.42 -0.42 13.72 504.09</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2098 down 0.0053</u></div>
<div><u>Chicago wheat closed lower to sharply lower.</u></div>
<div><u>JUL21 HI 7.60 3/4 JUL21 HI 7.60 3/4</u></div>
<div><u> LOW 7.27 1/4 LOW 7.27 1/4</u></div>
<div><u> CLOSE 7.30 1/2 Down 31 1/4 CLOSE 7.30 1/2 Down 31 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed sharply lower.</u></div>
<div><u>JUL21 HI 7.96 1/2 SEP21 HI 8.01 1/4</u></div>
<div><u> LOW 7.50 3/4 LOW 7.56</u></div>
<div><u> CLOSE 7.53 1/4 Down 44 1/4 CLOSE 7.58 1/4 Down 44 1/2</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 1.00 N/A</u></div>
<div><u>London 1.43 1.43 1.43 N/A 1.19 1.13 0.95 N/A</u></div>
<div><u>Hensall N/A N/A N/A N/A 1.30 N/A 1.00 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 1.70 1.65 1.40 1.25 1.25 1.00 1.40</u></div>
<div><u>Essex N/A N/A 1.65 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Norwich N/A N/A N/A N/A 1.30 N/A 1.00 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 1.30 N/A 1.00 N/A</u></div>
<div><u>Chatham N/A N/A 1.65 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 1.65 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A N/A 1.52 1.45 N/A 1.17 0.99 1.34</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 1.30 1.25 1.00 N/A</u></div>
<div><u>Thornton 1.43 1.43 1.43 1.51 1.19 1.13 0.95 N/A</u></div>
<div><u>North Gower N/A 1.25 1.40 0.90 N/A 0.84 0.94 0.80</u></div>
<div><u>W O Feed 2.46</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.88 N/A N/A N/A 1.33 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.65 N/A N/A N/A 1.65 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.41US 8.96CA 7.41US 8.96CA</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 619.84</u></div>
<u><span>DDG's FOB Srn & Aylm 320.00 - 345.00</span><br>
</u></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"">University of Guelph, Ridgetown Campus<o:p> </o:p></span></p>
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