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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 25</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 1.2052 up 0.0006</u></div>
<div><u>Chicago corn closed lower to sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 6.61 3/4 DEC21 HI 5.43 1/4</u></div>
<div><u> LOW 6.17 1/4 LOW 5.13 3/4</u></div>
<div><u> CLOSE6.20 1/4 Down 37 CLOSE 5.15 3/4 Down 24 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 7.85 309.14 0.85 6.01 236.50</u></div>
<div><u>CK High 1.75 7.95 313.08 1.00 6.16 242.41</u></div>
<div><u>CK Avg 1.68 0.34 7.89 310.45 0.91 -0.12 6.07 238.80</u></div>
<div><u>Essex Cty 1.75 7.95 313.08 0.90 6.06 238.47</u></div>
<div><u>Mdsx Low 1.65 7.85 309.14 0.85 6.01 236.50</u></div>
<div><u>Mdsx High 1.65 7.85 309.14 0.95 6.11 240.44</u></div>
<div><u>Mdsx Avg 1.65 0.31 7.85 309.14 0.90 -0.13 6.06 238.47</u></div>
<div><u>Hensall 1.72 7.92 311.76 0.93 6.09 239.79</u></div>
<div><u>Bruce 1.70 7.90 311.11 0.90 6.06 238.47</u></div>
<div><u>Putnam 1.65 7.85 309.14 0.90 6.06 238.47</u></div>
<div><u>Burford 1.65 7.85 309.14 0.85 6.01 236.50</u></div>
<div><u>Port Perry 1.65 7.85 309.14 0.95 6.11 240.44</u></div>
<div><u>Norfolk 1.75 7.95 313.08 0.90 6.06 238.47</u></div>
<div><u>Palmerston 1.57 7.77 305.99 0.81 5.97 234.93</u></div>
<div><u>Varna 1.70 7.90 311.11 0.90 6.06 238.47</u></div>
<div><u>Trenton 1.75 7.95 313.08 1.00 6.16 242.41</u></div>
<div><u>Winchester 1.80 8.00 315.04 1.40 6.56 258.16</u></div>
<div><u>North Gower 1.70 7.90 311.11 1.30 6.46 254.22</u></div>
<div><u>Vankleek Hil 1.45 7.65 301.27 0.79 5.95 234.14</u></div>
<div><u>Huron FOB 1.73 1.77N/A N/A 7.93 312.29 0.90 6.06 238.47</u></div>
<div><u>Kent FOB 1.85 8.05 317.01 0.97 6.13 241.23</u></div>
<div><u>Lamb FOB 1.60 7.80 307.17 0.85 6.01 236.50</u></div>
<div><u>Mdsx FOB 1.80 1.80N/A N/A 8.00 315.04 0.95 6.11 240.44</u></div>
<div><u>FOB SW Que 2.49 8.69 342.21N/A</u></div>
<div><u>Track 1.95 8.15 320.95N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.16 6.32 248.71</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 6.29 247.53</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 6.46 254.22</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 6.76 266.03</u></div>
<div><u>W O Feed 2.06 8.26 325.20</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.05 8.25 324.89</u></div>
<div><u>Toledo El. 0.30 6.50 256.04 -0.24 4.92 193.55</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.00 8.20 322.92 1.30 6.46 254.22</u></div>
<div><u>Prescott 1.51 7.71 303.63 1.24 6.40 251.86</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 6.15 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2052 up 0.0006</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 15.38 1/4 NOV21 HI 13.71 3/4</u></div>
<div><u> LOW 14.99 LOW 13.38 1/2</u></div>
<div><u> CLOSE15.11 3/4 Down 11 CLOSE 13.47 1/4 Down 15</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 3.53 18.65 685.18 2.44 15.91 584.68</u></div>
<div><u>CK High 3.60 18.72 687.75 2.50 15.97 586.89</u></div>
<div><u>CK Average 3.56 0.38 18.67 686.10 2.46 -0.26 15.93 585.30</u></div>
<div><u>Essex Cty 3.55 18.67 685.91 2.40 15.87 583.21</u></div>
<div><u>Mdsx Low 3.51 18.63 684.44 2.42 15.89 583.95</u></div>
<div><u>Mdsx High 3.55 18.67 685.91 2.45 15.92 585.05</u></div>
<div><u>Mdsx Average3.53 0.36 18.65 685.18 2.44 -0.27 15.91 584.50</u></div>
<div><u>Hensall 3.55 18.67 685.91 2.45 15.92 585.05</u></div>
<div><u>Bruce 3.65 18.77 689.59 2.50 15.97 586.89</u></div>
<div><u>Putnam 3.55 18.67 685.91 2.45 15.92 585.05</u></div>
<div><u>Burford 3.58 18.70 687.02 2.49 15.96 586.52</u></div>
<div><u>Port Perry 3.53 18.65 685.18 2.44 15.91 584.68</u></div>
<div><u>Norfolk 3.55 18.67 685.91 2.45 15.92 585.05</u></div>
<div><u>Palmerston 3.51 18.63 684.44 2.45 15.92 585.05</u></div>
<div><u>Varna 3.55 18.67 685.91 2.45 15.92 585.05</u></div>
<div><u>Trenton 3.57 18.69 686.65 2.49 15.96 586.52</u></div>
<div><u>Winchester 3.57 18.69 686.65 2.47 15.94 585.79</u></div>
<div><u>North Gower 3.25 18.37 674.89 2.50 15.97 586.89</u></div>
<div><u>Vankleek Hil3.00 18.12 665.70 2.42 15.89 583.95</u></div>
<div><u>Huron FOB 3.44 3.56 3.68 N/A 18.56 681.87 2.50 15.97 586.89</u></div>
<div><u>Kent FOB 3.50 18.62 684.08 2.45 15.92 585.05</u></div>
<div><u>Lambton FOB 3.60 18.72 687.75 2.40 15.87 583.21</u></div>
<div><u>Mdsx FOB 3.58 3.58 N/A N/A 18.70 687.02 2.51 15.98 587.26</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.58 18.70 687.02 2.68 16.15 593.50</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.90 19.02 698.77 2.90 16.37 601.59</u></div>
<div><u>Prescott N/A 2.66 16.13 592.77</u></div>
<div><u>Port Colborn3.39 18.51 680.03 2.98 16.45 604.53</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.18 15.30 562.12 -0.42 13.05 479.53</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2052 up 0.0006</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL21 HI 6.67 1/2 JUL21 HI 6.67 1/2</u></div>
<div><u> LOW 6.46 3/4 LOW 6.46 3/4</u></div>
<div><u> CLOSE 6.56 1/2 Down 5 3/4 CLOSE 6.56 1/2 Down 5 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL21 HI 6.96 1/2 SEP21 HI 7.03 1/2</u></div>
<div><u> LOW 6.75 LOW 6.81 1/4</u></div>
<div><u> CLOSE 6.82 3/4 Down 2 CLOSE 6.89 1/2 Down 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 0.85 N/A</u></div>
<div><u>London 1.58 1.58 1.58 N/A 1.16 1.04 0.92 N/A</u></div>
<div><u>Hensall N/A N/A N/A N/A 1.15 N/A 0.85 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.90 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 1.15 N/A 0.85 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 0.90 N/A</u></div>
<div><u>Kent Bridge N/A N/A N/A N/A 1.15 N/A 0.85 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 1.70 1.58 N/A 1.09 0.85 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 1.15 1.10 0.85 N/A</u></div>
<div><u>Thornton 1.58 1.58 1.58 1.32 1.16 1.04 0.92 N/A</u></div>
<div><u>North Gower N/A 1.20 1.50 0.90 N/A 0.84 0.99 0.80</u></div>
<div><u>W O Feed 2.53</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 1.30 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.53 N/A N/A N/A 1.53 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.67US 8.03CA 6.67US 8.03CA</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 536.06</u></div>
<u><span>DDG's FOB Srn & Aylm 350.00 - 355.00</span><br>
</u></div>
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<u><span><br>
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<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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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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