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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 24</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2046 down 0.0027</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 6.58 1/2 DEC21 HI 5.42 1/2</u></div>
<div><u> LOW 6.45 1/2 LOW 5.29</u></div>
<div><u> CLOSE6.57 1/4 Down 2 1/4 CLOSE 5.40 1/4 Down 6 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 8.22 323.71 0.85 6.25 246.15</u></div>
<div><u>CK High 1.75 8.32 327.64 1.00 6.40 252.06</u></div>
<div><u>CK Avg 1.68 0.27 8.25 324.69 0.90 -0.17 6.30 248.12</u></div>
<div><u>Essex Cty 1.70 8.27 325.67 0.85 6.25 246.15</u></div>
<div><u>Mdsx Low 1.65 8.22 323.71 0.85 6.25 246.15</u></div>
<div><u>Mdsx High 1.65 8.22 323.71 0.95 6.35 250.09</u></div>
<div><u>Mdsx Avg 1.65 0.25 8.22 323.71 0.90 -0.17 6.30 248.12</u></div>
<div><u>Hensall 1.70 8.27 325.67 0.93 6.34 249.43</u></div>
<div><u>Bruce 1.70 8.27 325.67 0.90 6.30 248.12</u></div>
<div><u>Putnam 1.65 8.22 323.71 0.90 6.30 248.12</u></div>
<div><u>Burford 1.65 8.22 323.71 0.85 6.25 246.15</u></div>
<div><u>Port Perry 1.65 8.22 323.71 0.95 6.35 250.09</u></div>
<div><u>Norfolk 1.70 8.27 325.67 0.85 6.25 246.15</u></div>
<div><u>Palmerston 1.65 8.22 323.71 0.87 6.27 246.94</u></div>
<div><u>Varna 1.70 8.27 325.67 0.90 6.30 248.12</u></div>
<div><u>Trenton 1.75 8.32 327.64 1.00 6.40 252.06</u></div>
<div><u>Winchester 1.80 8.37 329.61 1.40 6.80 267.80</u></div>
<div><u>North Gower 1.70 8.27 325.67 1.30 6.70 263.87</u></div>
<div><u>Vankleek Hil 1.46 8.03 316.23 0.81 6.21 244.58</u></div>
<div><u>Huron FOB 1.72 1.76N/A N/A 8.29 326.46 0.90 6.30 248.12</u></div>
<div><u>Kent FOB 1.80 8.37 329.61 0.97 6.37 250.87</u></div>
<div><u>Lamb FOB 1.70 8.27 325.67 0.95 6.35 250.09</u></div>
<div><u>Mdsx FOB 1.80 1.80N/A N/A 8.37 329.61 0.95 6.35 250.09</u></div>
<div><u>FOB SW Que 2.49 9.06 356.77N/A</u></div>
<div><u>Track 1.97 8.54 336.11N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.18 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 2.98 3.06 1.13 6.53 257.17</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 6.70 263.87</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 7.00 275.68</u></div>
<div><u>W O Feed 2.07 8.64 340.08</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.77 8.34 328.43</u></div>
<div><u>Toledo El. 0.30 6.87 270.60 -0.24 5.16 203.20</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.00 8.57 337.48 1.30 6.70 263.87</u></div>
<div><u>Prescott 1.52 8.09 318.59 1.26 6.66 262.29</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 6.40 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 1.2046 down 0.0027</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 15.25 3/4 NOV21 HI 13.63 1/4</u></div>
<div><u> LOW 15.06 1/4 LOW 13.41</u></div>
<div><u> CLOSE15.22 3/4 Down 3 1/2 CLOSE 13.62 1/4 Up 1 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 3.52 18.75 688.85 2.40 16.02 588.73</u></div>
<div><u>CK High 3.65 18.88 693.63 2.50 16.12 592.40</u></div>
<div><u>CK Average 3.57 0.38 18.80 690.69 2.45 -0.28 16.07 590.44</u></div>
<div><u>Essex Cty 3.55 18.78 689.96 2.40 16.02 588.73</u></div>
<div><u>Mdsx Low 3.50 18.73 688.12 2.40 16.02 588.73</u></div>
<div><u>Mdsx High 3.55 18.78 689.96 2.41 16.03 589.09</u></div>
<div><u>Mdsx Average3.53 0.34 18.75 689.04 2.41 -0.32 16.03 588.91</u></div>
<div><u>Hensall 3.62 18.84 692.40 2.47 16.09 591.18</u></div>
<div><u>Bruce 3.65 18.88 693.63 2.50 16.12 592.40</u></div>
<div><u>Putnam 3.55 18.78 689.96 2.40 16.02 588.73</u></div>
<div><u>Burford 3.57 18.80 690.69 2.48 16.10 591.67</u></div>
<div><u>Port Perry 3.52 18.75 688.85 2.43 16.05 589.83</u></div>
<div><u>Norfolk 3.55 18.78 689.96 2.45 16.07 590.56</u></div>
<div><u>Palmerston 3.54 18.77 689.59 2.49 16.11 592.03</u></div>
<div><u>Varna 3.65 18.88 693.63 2.50 16.12 592.40</u></div>
<div><u>Trenton 3.75 18.98 697.30 2.55 16.17 594.24</u></div>
<div><u>Winchester 3.20 18.43 677.09 2.40 16.02 588.73</u></div>
<div><u>North Gower 3.30 18.53 680.77 2.55 16.17 594.24</u></div>
<div><u>Vankleek Hil3.00 18.23 669.75 2.42 16.04 589.46</u></div>
<div><u>Huron FOB 3.44 3.56 3.68 N/A 18.67 685.91 2.55 16.17 594.24</u></div>
<div><u>Kent FOB 3.50 18.73 688.12 2.45 16.07 590.56</u></div>
<div><u>Lambton FOB 3.65 18.88 693.63 2.55 16.17 594.24</u></div>
<div><u>Mdsx FOB 3.57 3.57 N/A N/A 18.80 690.69 2.48 16.10 591.67</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.62 18.85 692.53 2.68 16.30 599.01</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 19.08 700.98 2.90 16.52 607.10</u></div>
<div><u>Prescott N/A 2.66 16.28 598.28</u></div>
<div><u>Port Colborn3.37 18.60 683.34 2.95 16.57 608.94</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.18 15.41 566.15 -0.42 13.20 485.05</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2046 down 0.0027</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>JUL21 HI 6.68 3/4 JUL21 HI 6.68 3/4</u></div>
<div><u> LOW 6.53 1/4 LOW 6.53 1/4</u></div>
<div><u> CLOSE 6.62 1/4 Down 12 CLOSE 6.62 1/4 Down 12</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>JUL21 HI 6.95 1/2 SEP21 HI 7.02</u></div>
<div><u> LOW 6.76 1/4 LOW 6.83 1/4</u></div>
<div><u> CLOSE 6.84 3/4 Down 15 3/4 CLOSE 6.91 1/2 Down 14 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 1.58 1.58 1.58 N/A 1.15 1.03 0.91 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 1.72 1.58 N/A 1.11 0.87 1.17</u></div>
<div><u>Varna 1.80 1.80 1.80 N/A 1.05 1.05 0.85 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 1.58 1.58 1.58 1.36 1.15 1.03 0.91 N/A</u></div>
<div><u>North Gower N/A 1.20 1.50 0.90 N/A 0.89 1.04 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 1.90 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 1.54 N/A N/A N/A 1.54 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.72US 8.10CA 6.72US 8.10CA</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 573.43</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: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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