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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 21</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 1.2073 up 0.0007</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 6.66 3/4 DEC21 HI 5.53 1/4</u></div>
<div><u> LOW 6.53 1/2 LOW 5.42 1/4</u></div>
<div><u> CLOSE6.59 1/2 Down 5 CLOSE 5.46 1/2 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 1.65 8.25 324.59 0.85 6.32 248.61</u></div>
<div><u>CK High 1.75 8.35 328.53 1.00 6.47 254.52</u></div>
<div><u>CK Avg 1.68 0.26 8.27 325.58 0.90 -0.19 6.37 250.58</u></div>
<div><u>Essex Cty 1.70 8.30 326.56 0.85 6.32 248.61</u></div>
<div><u>Mdsx Low 1.65 8.25 324.59 0.85 6.32 248.61</u></div>
<div><u>Mdsx High 1.65 8.25 324.59 0.95 6.42 252.55</u></div>
<div><u>Mdsx Avg 1.65 0.23 8.25 324.59 0.90 -0.19 6.37 250.58</u></div>
<div><u>Hensall 1.70 8.30 326.56 0.93 6.40 251.89</u></div>
<div><u>Bruce 1.70 8.30 326.56 0.90 6.37 250.58</u></div>
<div><u>Putnam 1.65 8.25 324.59 0.90 6.37 250.58</u></div>
<div><u>Burford 1.65 8.25 324.59 0.85 6.32 248.61</u></div>
<div><u>Port Perry 1.65 8.25 324.59 0.95 6.42 252.55</u></div>
<div><u>Norfolk 1.70 8.30 326.56 0.85 6.32 248.61</u></div>
<div><u>Palmerston 1.67 8.27 325.38 0.90 6.37 250.58</u></div>
<div><u>Varna 1.65 8.25 324.59 0.90 6.37 250.58</u></div>
<div><u>Trenton 1.75 8.35 328.53 1.00 6.47 254.52</u></div>
<div><u>Winchester 1.80 8.40 330.50 1.40 6.87 270.26</u></div>
<div><u>North Gower 1.70 8.30 326.56 1.30 6.77 266.33</u></div>
<div><u>Vankleek Hil 1.46 8.06 317.11 0.81 6.28 247.04</u></div>
<div><u>Huron FOB 1.72 1.76N/A N/A 8.32 327.35 0.90 6.37 250.58</u></div>
<div><u>Kent FOB 1.80 8.40 330.50 0.97 6.44 253.33</u></div>
<div><u>Lamb FOB 1.70 8.30 326.56 0.90 6.37 250.58</u></div>
<div><u>Mdsx FOB 1.80 1.80N/A N/A 8.40 330.50 0.95 6.42 252.55</u></div>
<div><u>FOB SW Que 2.46 9.06 356.48N/A</u></div>
<div><u>Track 1.98 8.57 337.39N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.18 6.65 261.60</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 2.98 3.06 1.13 6.60 259.63</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 6.77 266.33</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 7.07 278.14</u></div>
<div><u>W O Feed 2.09 8.68 341.76</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.79 8.39 330.10</u></div>
<div><u>Toledo El. 0.30 6.90 271.52 -0.24 5.22 205.64</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.00 8.60 338.37 1.30 6.77 266.33</u></div>
<div><u>Prescott 1.52 8.12 319.47 1.26 6.73 264.75</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 6.46 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2073 up 0.0007</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 15.40 3/4 NOV21 HI 13.70</u></div>
<div><u> LOW 15.12 1/4 LOW 13.51</u></div>
<div><u> CLOSE15.26 1/4 Down 7 CLOSE 13.60 1/2 Down 7 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 3.49 18.75 689.04 2.40 16.01 588.08</u></div>
<div><u>CK High 3.65 18.91 694.92 2.55 16.16 593.59</u></div>
<div><u>CK Average 3.57 0.33 18.83 691.79 2.46 -0.30 16.06 590.10</u></div>
<div><u>Essex Cty 3.55 18.81 691.24 2.40 16.01 588.08</u></div>
<div><u>Mdsx Low 3.47 18.73 688.30 2.40 16.01 588.08</u></div>
<div><u>Mdsx High 3.55 18.81 691.24 2.41 16.02 588.45</u></div>
<div><u>Mdsx Average3.51 0.29 18.77 689.77 2.41 -0.34 16.01 588.27</u></div>
<div><u>Hensall 3.65 18.91 694.92 2.48 16.09 591.15</u></div>
<div><u>Bruce 3.65 18.91 694.92 2.50 16.11 591.76</u></div>
<div><u>Putnam 3.55 18.81 691.24 2.40 16.01 588.08</u></div>
<div><u>Burford 3.54 18.80 690.87 2.48 16.09 591.02</u></div>
<div><u>Port Perry 3.49 18.75 689.04 2.43 16.04 589.19</u></div>
<div><u>Norfolk 3.55 18.81 691.24 2.45 16.06 589.92</u></div>
<div><u>Palmerston 3.60 18.86 693.08 2.52 16.13 592.49</u></div>
<div><u>Varna 3.65 18.91 694.92 2.50 16.11 591.76</u></div>
<div><u>Trenton 3.75 19.01 698.59 2.55 16.16 593.59</u></div>
<div><u>Winchester 3.20 18.46 678.38 2.40 16.01 588.08</u></div>
<div><u>North Gower 3.30 18.56 682.06 2.55 16.16 593.59</u></div>
<div><u>Vankleek Hil3.00 18.26 671.03 2.42 16.03 588.82</u></div>
<div><u>Huron FOB 3.44 3.56 3.68 N/A 18.70 687.20 2.55 16.16 593.59</u></div>
<div><u>Kent FOB 3.50 18.76 689.40 2.45 16.06 589.92</u></div>
<div><u>Lambton FOB 3.75 19.01 698.59 2.55 16.16 593.59</u></div>
<div><u>Mdsx FOB 3.54 3.54 N/A N/A 18.80 690.87 2.48 16.09 591.02</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.62 18.88 693.81 2.73 16.34 600.21</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 19.11 702.26 2.90 16.51 606.45</u></div>
<div><u>Prescott N/A 2.66 16.27 597.64</u></div>
<div><u>Port Colborn3.35 18.61 683.89 2.95 16.56 608.29</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.18 15.44 567.45 -0.42 13.18 484.37</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2073 up 0.0007</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL21 HI 6.77 1/2 JUL21 HI 6.77 1/2</u></div>
<div><u> LOW 6.65 3/4 LOW 6.65 3/4</u></div>
<div><u> CLOSE 6.74 1/4 Down 1 CLOSE 6.74 1/4 Down 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL21 HI 7.01 3/4 SEP21 HI 7.07 3/4</u></div>
<div><u> LOW 6.87 1/2 LOW 6.93 3/4</u></div>
<div><u> CLOSE 7.00 1/2 Up 5 CLOSE 7.05 3/4 Up 3 3/4</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 1.59 1.59 1.59 N/A 1.17 1.05 0.92 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 1.20 1.15 0.90 1.40</u></div>
<div><u>Essex N/A N/A 1.55 N/A N/A N/A 0.85 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 1.55 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Brigden N/A N/A 1.55 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Palmerston N/A N/A 1.77 1.64 N/A 1.14 0.90 1.23</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 1.59 1.59 1.59 1.33 1.17 1.05 0.92 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 2.59</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.91 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 1.58 N/A N/A N/A 1.58 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.84US 8.26CA 6.84US 8.26CA</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 572.00</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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