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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 12</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2105 up 0.0012</u></div>
<div><u>Chicago corn closed moderately lower to lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 7.31 1/4 DEC21 HI 6.18</u></div>
<div><u> LOW 7.03 1/2 LOW 5.85</u></div>
<div><u> CLOSE7.14 3/4 Down 7 1/2 CLOSE 5.93 Down 18 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 8.90 350.28 0.95 6.88 270.85</u></div>
<div><u>CK High 1.75 8.90 350.28 1.00 6.93 272.82</u></div>
<div><u>CK Avg 1.75 0.20 8.90 350.28 0.96 -0.24 6.89 271.18</u></div>
<div><u>Essex Cty 1.75 8.90 350.28 0.95 6.88 270.85</u></div>
<div><u>Mdsx Low 1.75 8.90 350.28 0.95 6.88 270.85</u></div>
<div><u>Mdsx High 1.75 8.90 350.28 1.00 6.93 272.82</u></div>
<div><u>Mdsx Avg 1.75 0.20 8.90 350.28 0.98 -0.23 6.91 271.84</u></div>
<div><u>Hensall 1.77 8.91 350.94 0.98 6.91 272.17</u></div>
<div><u>Bruce 1.75 8.90 350.28 0.95 6.88 270.85</u></div>
<div><u>Putnam 1.75 8.90 350.28 0.95 6.88 270.85</u></div>
<div><u>Burford 1.75 8.90 350.28 0.95 6.88 270.85</u></div>
<div><u>Port Perry 1.75 8.90 350.28 1.00 6.93 272.82</u></div>
<div><u>Norfolk 1.75 8.90 350.28 0.95 6.88 270.85</u></div>
<div><u>Palmerston 1.69 8.84 347.92 0.89 6.82 268.49</u></div>
<div><u>Varna 1.75 8.90 350.28 0.95 6.88 270.85</u></div>
<div><u>Trenton 1.75 8.90 350.28 1.00 6.93 272.82</u></div>
<div><u>Winchester 1.80 8.95 352.25 1.40 7.33 288.57</u></div>
<div><u>North Gower 1.68 8.83 347.52 1.30 7.23 284.63</u></div>
<div><u>Vankleek Hil 1.64 8.79 345.95 0.97 6.90 271.64</u></div>
<div><u>Huron FOB 1.85 1.89 1.97N/A 9.00 354.22 0.95 6.88 270.85</u></div>
<div><u>Kent FOB 1.85 9.00 354.22 1.07 7.00 275.58</u></div>
<div><u>Lamb FOB 1.75 8.90 350.28 1.05 6.98 274.79</u></div>
<div><u>Mdsx FOB 1.85 1.85N/A N/A 9.00 354.22 1.05 6.98 274.79</u></div>
<div><u>FOB SW Que 2.60 9.75 383.74N/A</u></div>
<div><u>Track 2.06 9.20 362.29N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.28 7.21 283.85</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 7.10 279.51</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 7.28 286.60</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 1.70 7.63 300.38</u></div>
<div><u>W O Feed 2.21 9.36 368.47</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.10 9.25 364.06</u></div>
<div><u>Toledo El. 0.30 7.45 293.30 -0.24 5.69 223.92</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.95 9.10 358.15 1.40 7.33 288.57</u></div>
<div><u>Prescott 1.70 8.85 348.31 1.28 7.21 283.85</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 6.93</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2105 up 0.0012</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 16.67 1/2 NOV21 HI 14.61</u></div>
<div><u> LOW 16.15 1/4 LOW 14.26</u></div>
<div><u> CLOSE16.42 1/2 Up 27 3/4 CLOSE 14.43 3/4 Up 12 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 3.85 20.28 744.98 2.59 17.03 625.65</u></div>
<div><u>CK High 3.91 20.34 747.18 2.66 17.10 628.23</u></div>
<div><u>CK Average 3.87 0.34 20.29 745.65 2.63 -0.34 17.06 626.94</u></div>
<div><u>Essex Cty 3.85 20.28 744.98 2.60 17.04 626.02</u></div>
<div><u>Mdsx Low 3.85 20.28 744.98 2.57 17.01 624.92</u></div>
<div><u>Mdsx High 3.89 20.32 746.45 2.60 17.04 626.02</u></div>
<div><u>Mdsx Average3.87 0.34 20.30 745.71 2.59 -0.38 17.02 625.47</u></div>
<div><u>Hensall 3.85 20.28 744.98 2.63 17.07 627.25</u></div>
<div><u>Bruce 3.90 20.33 746.82 2.65 17.09 627.86</u></div>
<div><u>Putnam 3.85 20.28 744.98 2.60 17.04 626.02</u></div>
<div><u>Burford 3.96 20.39 749.02 2.64 17.08 627.49</u></div>
<div><u>Port Perry 3.91 20.34 747.18 2.59 17.03 625.65</u></div>
<div><u>Norfolk 3.85 20.28 744.98 2.65 17.09 627.86</u></div>
<div><u>Palmerston 3.95 20.38 748.65 2.73 17.17 630.80</u></div>
<div><u>Varna 3.85 20.28 744.98 2.65 17.09 627.86</u></div>
<div><u>Trenton 3.85 20.28 744.98 2.65 17.09 627.86</u></div>
<div><u>Winchester 3.90 20.33 746.82 2.70 17.14 629.70</u></div>
<div><u>North Gower 3.30 19.73 724.77 2.65 17.09 627.86</u></div>
<div><u>Vankleek Hil3.31 19.74 725.14 2.65 17.09 627.86</u></div>
<div><u>Huron FOB 3.98 4.10 4.10 N/A 20.41 749.76 2.70 17.14 629.70</u></div>
<div><u>Kent FOB 3.95 20.38 748.65 2.65 17.09 627.86</u></div>
<div><u>Lambton FOB 3.90 20.33 746.82 2.65 17.09 627.86</u></div>
<div><u>Mdsx FOB 4.02 4.14 N/A N/A 20.45 751.23 2.64 17.08 627.49</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.14 20.57 755.63 2.92 17.36 637.78</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.30 20.73 761.51 3.10 17.54 644.39</u></div>
<div><u>Prescott N/A 2.89 17.33 636.68</u></div>
<div><u>Port Colborn3.88 20.31 746.08 3.10 17.54 644.39</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.30 16.73 614.64 -0.42 14.01 514.92</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2105 up 0.0012</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>JUL21 HI 7.51 1/2 JUL21 HI 7.51 1/2</u></div>
<div><u> LOW 7.24 1/4 LOW 7.24 1/4</u></div>
<div><u> CLOSE 7.29 3/4 Down 12 CLOSE 7.29 3/4 Down 12</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL21 HI 7.82 1/4 SEP21 HI 7.86 1/4</u></div>
<div><u> LOW 7.58 1/4 LOW 7.62 3/4</u></div>
<div><u> CLOSE 7.65 1/2 Down 5 CLOSE 7.70 Down 4 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 1.39 1.39 1.39 N/A 1.15 1.09 0.91 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 1.00 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 0.95 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 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 1.65 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Palmerston N/A N/A 1.90 1.79 N/A 1.22 0.98 1.37</u></div>
<div><u>Varna 1.80 1.80 1.80 N/A 1.20 1.20 1.00 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 1.39 1.39 1.39 1.33 1.15 1.09 0.91 N/A</u></div>
<div><u>North Gower N/A 1.25 1.40 0.90 N/A 0.82 0.92 0.80</u></div>
<div><u>W O Feed 2.64</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.83 N/A N/A N/A 1.29 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.72 N/A N/A N/A 1.72 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.40US 8.95CA 7.40US 8.95CA</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 627.01</u></div>
<span><u>DDG's FOB Srn & Aylm 320.00 - 345.00</u></span><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>
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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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<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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