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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 17</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 1.2065 down 0.0049</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 6.56 3/4 DEC21 HI 5.49 1/4</u></div>
<div><u> LOW 6.33 LOW 5.27</u></div>
<div><u> CLOSE6.52 1/2 Up 8 3/4 CLOSE 5.37 1/4 Down 5 1/2</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 8.23 323.80 0.90 6.27 246.94</u></div>
<div><u>CK High 1.75 8.28 325.77 1.00 6.37 250.87</u></div>
<div><u>CK Avg 1.74 0.33 8.27 325.44 0.94 -0.14 6.31 248.58</u></div>
<div><u>Essex Cty 1.70 8.23 323.80 0.90 6.27 246.94</u></div>
<div><u>Mdsx Low 1.75 8.28 325.77 0.90 6.27 246.94</u></div>
<div><u>Mdsx High 1.75 8.28 325.77 1.00 6.37 250.87</u></div>
<div><u>Mdsx Avg 1.75 0.33 8.28 325.77 0.95 -0.13 6.32 248.91</u></div>
<div><u>Hensall 1.73 8.26 325.12 0.95 6.32 248.91</u></div>
<div><u>Bruce 1.75 8.28 325.77 0.95 6.32 248.91</u></div>
<div><u>Putnam 1.75 8.28 325.77 0.95 6.32 248.91</u></div>
<div><u>Burford 1.75 8.28 325.77 0.90 6.27 246.94</u></div>
<div><u>Port Perry 1.75 8.28 325.77 0.95 6.32 248.91</u></div>
<div><u>Norfolk 1.70 8.23 323.80 0.90 6.27 246.94</u></div>
<div><u>Palmerston 1.58 8.11 319.08 0.80 6.17 243.00</u></div>
<div><u>Varna 1.70 8.23 323.80 0.90 6.27 246.94</u></div>
<div><u>Trenton 1.75 8.28 325.77 1.00 6.37 250.87</u></div>
<div><u>Winchester 1.80 8.33 327.74 1.40 6.77 266.62</u></div>
<div><u>North Gower 1.71 8.24 324.20 1.32 6.69 263.47</u></div>
<div><u>Vankleek Hil 1.47 8.00 314.75 0.83 6.20 244.18</u></div>
<div><u>Huron FOB 1.72 1.75N/A N/A 8.25 324.59 0.90 6.27 246.94</u></div>
<div><u>Kent FOB 1.80 8.33 327.74 1.02 6.39 251.66</u></div>
<div><u>Lamb FOB 1.70 8.23 323.80 0.95 6.32 248.91</u></div>
<div><u>Mdsx FOB 1.80 1.85N/A N/A 8.33 327.74 1.00 6.37 250.87</u></div>
<div><u>FOB SW Que 2.81 9.34 367.50N/A</u></div>
<div><u>Track 1.95 8.48 333.65N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.21 6.58 259.14</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 6.54 257.57</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 1.30 6.67 262.68</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 6.97 274.50</u></div>
<div><u>W O Feed 2.10 8.63 339.55</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.94 8.47 333.25</u></div>
<div><u>Toledo El. 0.30 6.83 268.75 -0.24 5.13 202.01</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.00 8.53 335.61 1.30 6.67 262.68</u></div>
<div><u>Prescott 1.53 8.06 317.11 1.28 6.65 261.90</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 6.37 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 1.2065 down 0.0049</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 16.03 1/4 NOV21 HI 14.08 1/2</u></div>
<div><u> LOW 15.75 1/2 LOW 13.85 1/4</u></div>
<div><u> CLOSE15.87 1/2 Up 1 1/4 CLOSE 13.97 Down 3 3/4</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 19.73 724.77 2.59 16.56 608.48</u></div>
<div><u>CK High 3.90 19.78 726.61 2.65 16.62 610.68</u></div>
<div><u>CK Average 3.88 0.50 19.75 725.81 2.62 -0.22 16.59 609.39</u></div>
<div><u>Essex Cty 3.85 19.73 724.77 2.55 16.52 607.01</u></div>
<div><u>Mdsx Low 3.85 19.73 724.77 2.57 16.54 607.74</u></div>
<div><u>Mdsx High 3.90 19.78 726.61 2.60 16.57 608.84</u></div>
<div><u>Mdsx Average3.88 0.49 19.75 725.69 2.59 -0.25 16.56 608.29</u></div>
<div><u>Hensall 3.87 19.74 725.38 2.60 16.57 608.84</u></div>
<div><u>Bruce 3.90 19.78 726.61 2.65 16.62 610.68</u></div>
<div><u>Putnam 3.90 19.78 726.61 2.60 16.57 608.84</u></div>
<div><u>Burford 3.92 19.80 727.34 2.64 16.61 610.31</u></div>
<div><u>Port Perry 3.87 19.75 725.50 2.59 16.56 608.48</u></div>
<div><u>Norfolk 3.85 19.73 724.77 2.60 16.57 608.84</u></div>
<div><u>Palmerston 3.75 19.63 721.10 2.57 16.54 607.74</u></div>
<div><u>Varna 3.85 19.73 724.77 2.60 16.57 608.84</u></div>
<div><u>Trenton 3.85 19.73 724.77 2.65 16.62 610.68</u></div>
<div><u>Winchester 3.85 19.73 724.77 2.65 16.62 610.68</u></div>
<div><u>North Gower 3.40 19.28 708.24 2.65 16.62 610.68</u></div>
<div><u>Vankleek Hil3.20 19.08 700.89 2.56 16.53 607.37</u></div>
<div><u>Huron FOB 3.93 4.05 4.05 N/A 19.81 727.71 2.65 16.62 610.68</u></div>
<div><u>Kent FOB 3.95 19.83 728.44 2.60 16.57 608.84</u></div>
<div><u>Lambton FOB 3.90 19.78 726.61 2.65 16.62 610.68</u></div>
<div><u>Mdsx FOB 3.98 4.10 N/A N/A 19.86 729.55 2.60 16.57 608.84</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.95 19.83 728.44 2.74 16.71 613.99</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.35 20.23 743.14 3.05 17.02 625.38</u></div>
<div><u>Prescott N/A 2.80 16.77 616.19</u></div>
<div><u>Port Colborn3.84 19.72 724.40 3.07 17.04 626.11</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.42 16.30 598.82 -0.42 13.55 497.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2065 down 0.0049</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>JUL21 HI 7.07 1/2 JUL21 HI 7.07 1/2</u></div>
<div><u> LOW 6.92 LOW 6.92</u></div>
<div><u> CLOSE 6.99 3/4 Down 7 1/2 CLOSE 6.99 3/4 Down 7 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed lower.</u></div>
<div><u>JUL21 HI 7.36 1/2 SEP21 HI 7.39 1/2</u></div>
<div><u> LOW 7.03 1/2 LOW 7.09 1/4</u></div>
<div><u> CLOSE 7.15 Down 25 3/4 CLOSE 7.21 Down 25 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 1.58 1.58 1.58 N/A 1.21 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 1.70 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 1.70 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 1.70 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A N/A 1.81 1.66 N/A 1.15 0.90 1.25</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 1.58 1.58 1.58 1.49 1.21 1.09 0.91 N/A</u></div>
<div><u>North Gower N/A 1.25 1.40 0.90 N/A 0.81 0.91 0.80</u></div>
<div><u>W O Feed 2.56</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.96 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 1.63 N/A N/A N/A 1.63 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.10US 8.56CA 7.10US 8.56CA</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 589.64</u></div>
<u><span>DDG's FOB Srn & Aylm 350.00 - 355.00</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"">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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