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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 19</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2119 up 0.0059</u></div>
<div><u>Chicago corn closed slightly lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 6.63 DEC21 HI 5.45 3/4</u></div>
<div><u> LOW 6.37 LOW 5.20 3/4</u></div>
<div><u> CLOSE6.58 1/4 Unchanged CLOSE 5.39 Down 4 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 1.65 8.23 324.10 0.90 6.29 247.63</u></div>
<div><u>CK High 1.75 8.33 328.04 1.00 6.39 251.56</u></div>
<div><u>CK Avg 1.70 0.25 8.28 326.07 0.93 -0.18 6.32 248.61</u></div>
<div><u>Essex Cty 1.70 8.28 326.07 0.90 6.29 247.63</u></div>
<div><u>Mdsx Low 1.65 8.23 324.10 0.90 6.29 247.63</u></div>
<div><u>Mdsx High 1.70 8.28 326.07 0.95 6.34 249.59</u></div>
<div><u>Mdsx Avg 1.68 0.23 8.26 325.08 0.93 -0.18 6.32 248.61</u></div>
<div><u>Hensall 1.70 8.28 326.07 0.93 6.32 248.94</u></div>
<div><u>Bruce 1.75 8.33 328.04 0.90 6.29 247.63</u></div>
<div><u>Putnam 1.65 8.23 324.10 0.90 6.29 247.63</u></div>
<div><u>Burford 1.70 8.28 326.07 0.90 6.29 247.63</u></div>
<div><u>Port Perry 1.70 8.28 326.07 0.95 6.34 249.59</u></div>
<div><u>Norfolk 1.70 8.28 326.07 0.90 6.29 247.63</u></div>
<div><u>Palmerston 1.63 8.21 323.31 0.89 6.28 247.23</u></div>
<div><u>Varna 1.70 8.28 326.07 0.90 6.29 247.63</u></div>
<div><u>Trenton 1.75 8.33 328.04 1.00 6.39 251.56</u></div>
<div><u>Winchester 1.80 8.38 330.00 1.40 6.79 267.31</u></div>
<div><u>North Gower 1.70 8.28 326.07 1.30 6.69 263.37</u></div>
<div><u>Vankleek Hil 1.48 8.06 317.41 0.81 6.20 244.08</u></div>
<div><u>Huron FOB 1.72 1.75N/A N/A 8.30 326.85 0.90 6.29 247.63</u></div>
<div><u>Kent FOB 1.80 8.38 330.00 1.02 6.41 252.35</u></div>
<div><u>Lamb FOB 1.70 8.28 326.07 0.90 6.29 247.63</u></div>
<div><u>Mdsx FOB 1.80 1.80N/A N/A 8.38 330.00 0.95 6.34 249.59</u></div>
<div><u>FOB SW Que 2.75 9.33 367.40N/A</u></div>
<div><u>Track 1.99 8.57 337.29N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.18 6.57 258.65</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 6.56 258.26</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 6.69 263.37</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 2.50 2.55 1.60 6.99 275.18</u></div>
<div><u>W O Feed 2.11 8.69 342.05</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.82 8.40 330.79</u></div>
<div><u>Toledo El. 0.30 6.89 271.07 -0.24 5.15 202.65</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.00 8.58 337.88 1.30 6.69 263.37</u></div>
<div><u>Prescott 1.54 8.12 319.77 1.26 6.65 261.80</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 6.39</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2119 up 0.0059</u></div>
<div><u>Chicago soybeans closed slightly lower to lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 15.76 1/4 NOV21 HI 14.00 3/4</u></div>
<div><u> LOW 15.22 LOW 13.54</u></div>
<div><u> CLOSE15.38 1/4 Down 36 CLOSE 13.69 1/4 Down 30 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 3.75 19.13 703.00 2.55 16.24 596.81</u></div>
<div><u>CK High 3.85 19.23 706.67 2.60 16.29 598.65</u></div>
<div><u>CK Average 3.78 0.43 19.16 703.98 2.56 -0.28 16.25 597.12</u></div>
<div><u>Essex Cty 3.75 19.13 703.00 2.50 16.19 594.97</u></div>
<div><u>Mdsx Low 3.74 19.12 702.63 2.53 16.22 596.07</u></div>
<div><u>Mdsx High 3.75 19.13 703.00 2.55 16.24 596.81</u></div>
<div><u>Mdsx Average3.75 0.40 19.13 702.82 2.54 -0.30 16.23 596.44</u></div>
<div><u>Hensall 3.82 19.20 705.45 2.55 16.24 596.81</u></div>
<div><u>Bruce 3.85 19.23 706.67 2.60 16.29 598.65</u></div>
<div><u>Putnam 3.75 19.13 703.00 2.55 16.24 596.81</u></div>
<div><u>Burford 3.81 19.19 705.20 2.60 16.29 598.65</u></div>
<div><u>Port Perry 3.76 19.14 703.37 2.55 16.24 596.81</u></div>
<div><u>Norfolk 3.75 19.13 703.00 2.55 16.24 596.81</u></div>
<div><u>Palmerston 3.80 19.18 704.84 2.59 16.28 598.28</u></div>
<div><u>Varna 3.85 19.23 706.67 2.55 16.24 596.81</u></div>
<div><u>Trenton 3.85 19.23 706.67 2.55 16.24 596.81</u></div>
<div><u>Winchester 3.27 18.65 685.36 2.45 16.14 593.14</u></div>
<div><u>North Gower 3.40 18.78 690.14 2.60 16.29 598.65</u></div>
<div><u>Vankleek Hil3.12 18.50 679.85 2.52 16.21 595.71</u></div>
<div><u>Huron FOB 3.82 3.94 3.94 N/A 19.20 705.57 2.60 16.29 598.65</u></div>
<div><u>Kent FOB 3.85 19.23 706.67 2.55 16.24 596.81</u></div>
<div><u>Lambton FOB 3.75 19.13 703.00 2.55 16.24 596.81</u></div>
<div><u>Mdsx FOB 3.81 3.81 N/A N/A 19.19 705.20 2.60 16.29 598.65</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.88 19.26 707.78 2.72 16.41 603.06</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.25 19.63 721.37 3.00 16.69 613.34</u></div>
<div><u>Prescott N/A 2.76 16.45 604.53</u></div>
<div><u>Port Colborn3.74 19.12 702.63 3.07 16.76 615.92</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.42 15.81 580.80 -0.42 13.27 487.53</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2119 up 0.0059</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>JUL21 HI 6.99 JUL21 HI 6.99</u></div>
<div><u> LOW 6.71 1/2 LOW 6.71 1/2</u></div>
<div><u> CLOSE 6.79 1/4 Down 18 3/4 CLOSE 6.79 1/4 Down 18 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed lower.</u></div>
<div><u>JUL21 HI 7.14 3/4 SEP21 HI 7.21</u></div>
<div><u> LOW 6.85 3/4 LOW 6.93</u></div>
<div><u> CLOSE 6.97 1/2 Down 16 1/2 CLOSE 7.03 1/2 Down 17 1/4</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 0.90 N/A</u></div>
<div><u>London 1.53 1.53 1.53 N/A 1.17 1.05 0.87 N/A</u></div>
<div><u>Hensall N/A N/A N/A N/A 1.20 N/A 0.90 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 1.60 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Norwich N/A N/A N/A N/A 1.20 N/A 0.90 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 1.00 N/A</u></div>
<div><u>Kent Bridge N/A N/A N/A N/A 1.20 N/A 0.90 N/A</u></div>
<div><u>Chatham N/A N/A 1.60 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Brigden N/A N/A 1.60 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Palmerston N/A N/A 1.81 1.67 N/A 1.17 0.92 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 1.20 1.15 0.90 N/A</u></div>
<div><u>Thornton 1.53 1.53 1.53 1.41 1.17 1.05 0.87 N/A</u></div>
<div><u>North Gower N/A 1.25 1.40 0.90 N/A 0.80 0.90 0.75</u></div>
<div><u>W O Feed 2.60</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.92 N/A N/A N/A 1.25 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.62 N/A N/A N/A 1.62 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.89US 8.35CA 6.89US 8.35CA</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 576.74</u></div>
<span><u>DDG's FOB Srn & Aylm 350.00 - 355.00</u></span><br>
</div>
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<span>
<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<o:p style=""> </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:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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