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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 20</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2066 down 0.0053</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 6.71 1/4 DEC21 HI 5.55 3/4</u></div>
<div><u> LOW 6.56 1/2 LOW 5.40 1/4</u></div>
<div><u> CLOSE6.64 1/2 Up 6 1/4 CLOSE 5.52 Up 13</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 8.30 326.56 0.90 6.42 252.74</u></div>
<div><u>CK High 1.75 8.40 330.50 1.00 6.52 256.68</u></div>
<div><u>CK Avg 1.68 0.26 8.33 327.87 0.92 -0.19 6.44 253.40</u></div>
<div><u>Essex Cty 1.70 8.35 328.53 0.90 6.42 252.74</u></div>
<div><u>Mdsx Low 1.65 8.30 326.56 0.90 6.42 252.74</u></div>
<div><u>Mdsx High 1.70 8.35 328.53 0.95 6.47 254.71</u></div>
<div><u>Mdsx Avg 1.68 0.25 8.32 327.54 0.93 -0.18 6.45 253.73</u></div>
<div><u>Hensall 1.70 8.35 328.53 0.93 6.45 254.06</u></div>
<div><u>Bruce 1.70 8.35 328.53 0.90 6.42 252.74</u></div>
<div><u>Putnam 1.65 8.30 326.56 0.90 6.42 252.74</u></div>
<div><u>Burford 1.70 8.35 328.53 0.90 6.42 252.74</u></div>
<div><u>Port Perry 1.70 8.35 328.53 0.95 6.47 254.71</u></div>
<div><u>Norfolk 1.70 8.35 328.53 0.90 6.42 252.74</u></div>
<div><u>Palmerston 1.61 8.26 324.98 0.90 6.42 252.74</u></div>
<div><u>Varna 1.70 8.35 328.53 0.90 6.42 252.74</u></div>
<div><u>Trenton 1.75 8.40 330.50 1.00 6.52 256.68</u></div>
<div><u>Winchester 1.80 8.45 332.46 1.40 6.92 272.43</u></div>
<div><u>North Gower 1.70 8.35 328.53 1.30 6.82 268.49</u></div>
<div><u>Vankleek Hil 1.51 8.16 321.05 0.84 6.36 250.38</u></div>
<div><u>Huron FOB 1.73 1.77N/A N/A 8.38 329.71 0.90 6.42 252.74</u></div>
<div><u>Kent FOB 1.80 8.45 332.46 1.02 6.54 257.47</u></div>
<div><u>Lamb FOB 1.70 8.35 328.53 0.90 6.42 252.74</u></div>
<div><u>Mdsx FOB 1.80 1.80N/A N/A 8.45 332.46 0.95 6.47 254.71</u></div>
<div><u>FOB SW Que 2.46 9.11 358.45N/A</u></div>
<div><u>Track 1.98 8.62 339.35N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.21 6.73 264.95</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 6.69 263.37</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 6.82 268.49</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 7.12 280.30</u></div>
<div><u>W O Feed 2.09 8.73 343.72</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.79 8.44 332.07</u></div>
<div><u>Toledo El. 0.30 6.95 273.48 -0.24 5.28 207.81</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.00 8.65 340.34 1.30 6.82 268.49</u></div>
<div><u>Prescott 1.57 8.22 323.41 1.29 6.81 268.10</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 6.52</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2066 down 0.0053</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 15.53 3/4 NOV21 HI 13.81 3/4</u></div>
<div><u> LOW 15.23 LOW 13.54 1/2</u></div>
<div><u> CLOSE15.33 1/4 Down 5 CLOSE 13.67 3/4 Down 1 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 3.65 18.98 697.49 2.49 16.17 594.05</u></div>
<div><u>CK High 3.90 19.23 706.67 2.65 16.33 599.93</u></div>
<div><u>CK Average 3.73 0.46 19.06 700.24 2.54 -0.24 16.22 595.89</u></div>
<div><u>Essex Cty 3.70 19.03 699.32 2.50 16.18 594.42</u></div>
<div><u>Mdsx Low 3.65 18.98 697.49 2.47 16.15 593.32</u></div>
<div><u>Mdsx High 3.68 19.01 698.59 2.50 16.18 594.42</u></div>
<div><u>Mdsx Average3.67 0.41 19.00 698.04 2.49 -0.28 16.16 593.87</u></div>
<div><u>Hensall 3.72 19.05 699.94 2.53 16.21 595.65</u></div>
<div><u>Bruce 3.75 19.08 701.16 2.60 16.28 598.10</u></div>
<div><u>Putnam 3.65 18.98 697.49 2.50 16.18 594.42</u></div>
<div><u>Burford 3.75 19.08 701.16 2.54 16.22 595.89</u></div>
<div><u>Port Perry 3.70 19.03 699.32 2.49 16.17 594.05</u></div>
<div><u>Norfolk 3.70 19.03 699.32 2.55 16.23 596.26</u></div>
<div><u>Palmerston 3.71 19.04 699.69 2.52 16.20 595.16</u></div>
<div><u>Varna 3.85 19.18 704.84 2.55 16.23 596.26</u></div>
<div><u>Trenton 3.85 19.18 704.84 2.55 16.23 596.26</u></div>
<div><u>Winchester 3.20 18.53 680.95 2.40 16.08 590.75</u></div>
<div><u>North Gower 3.30 18.63 684.63 2.55 16.23 596.26</u></div>
<div><u>Vankleek Hil3.12 18.45 678.01 2.52 16.20 595.16</u></div>
<div><u>Huron FOB 3.76 3.89 3.89 3.78 19.09 701.53 2.60 16.28 598.10</u></div>
<div><u>Kent FOB 3.75 19.08 701.16 2.55 16.23 596.26</u></div>
<div><u>Lambton FOB 3.75 19.08 701.16 2.55 16.23 596.26</u></div>
<div><u>Mdsx FOB 3.75 3.75 N/A N/A 19.08 701.16 2.54 16.22 595.89</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.84 19.17 704.47 2.70 16.38 601.77</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.10 19.43 714.02 3.00 16.68 612.79</u></div>
<div><u>Prescott N/A 2.76 16.44 603.97</u></div>
<div><u>Port Colborn3.67 19.00 698.22 3.01 16.69 613.16</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.42 15.75 578.89 -0.42 13.26 487.05</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2066 down 0.0053</u></div>
<div><u>Chicago wheat closed mixed.</u></div>
<div><u>JUL21 HI 6.88 JUL21 HI 6.88</u></div>
<div><u> LOW 6.72 1/4 LOW 6.72 1/4</u></div>
<div><u> CLOSE 6.75 1/4 Down 4 CLOSE 6.75 1/4 Down 4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL21 HI 7.08 SEP21 HI 7.14</u></div>
<div><u> LOW 6.89 1/2 LOW 6.95 1/2</u></div>
<div><u> CLOSE 6.95 1/2 Down 2 CLOSE 7.02 Down 1 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 0.90 N/A</u></div>
<div><u>London 1.63 1.63 1.63 N/A 1.20 1.08 0.96 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 1.76 1.62 N/A 1.13 0.89 1.21</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 1.63 1.63 1.63 1.43 1.20 1.08 0.96 N/A</u></div>
<div><u>North Gower N/A 1.20 1.50 0.90 N/A 0.88 1.03 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 1.95 N/A N/A N/A 1.28 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.58 N/A N/A N/A 1.58 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.85US 8.27CA 6.85US 8.27CA</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 574.42</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
<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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