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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 28</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2077 up 0.0008</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 6.72 3/4 DEC21 HI 5.57 3/4</u></div>
<div><u> LOW 6.51 1/4 LOW 5.44</u></div>
<div><u> CLOSE6.56 3/4 Down 7 3/4 CLOSE 5.45 1/2 Down 9 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 8.22 323.51 0.85 6.31 248.22</u></div>
<div><u>CK High 1.75 8.32 327.45 1.00 6.46 254.12</u></div>
<div><u>CK Avg 1.69 0.27 8.26 325.15 0.90 -0.19 6.36 250.19</u></div>
<div><u>Essex Cty 1.75 8.32 327.45 0.90 6.36 250.19</u></div>
<div><u>Mdsx Low 1.65 8.22 323.51 0.90 6.36 250.19</u></div>
<div><u>Mdsx High 1.70 8.27 325.48 0.90 6.36 250.19</u></div>
<div><u>Mdsx Avg 1.68 0.26 8.24 324.49 0.90 -0.19 6.36 250.19</u></div>
<div><u>Hensall 1.70 8.27 325.48 0.92 6.37 250.84</u></div>
<div><u>Bruce 1.70 8.27 325.48 0.90 6.36 250.19</u></div>
<div><u>Putnam 1.65 8.22 323.51 0.85 6.31 248.22</u></div>
<div><u>Burford 1.70 8.27 325.48 0.90 6.36 250.19</u></div>
<div><u>Port Perry 1.75 8.32 327.45 0.95 6.41 252.15</u></div>
<div><u>Norfolk 1.75 8.32 327.45 0.90 6.36 250.19</u></div>
<div><u>Palmerston 1.66 8.23 323.90 0.93 6.39 251.37</u></div>
<div><u>Varna 1.70 8.27 325.48 0.85 6.31 248.22</u></div>
<div><u>Trenton 1.75 8.32 327.45 1.00 6.46 254.12</u></div>
<div><u>Winchester 1.80 8.37 329.41 1.40 6.86 269.87</u></div>
<div><u>North Gower 1.70 8.27 325.48 1.30 6.76 265.93</u></div>
<div><u>Vankleek Hil 1.52 8.09 318.39 1.04 6.50 255.70</u></div>
<div><u>Huron FOB N/A 1.83N/A N/A 0.90 6.36 250.19</u></div>
<div><u>Kent FOB 1.85 8.42 331.38 0.97 6.43 252.94</u></div>
<div><u>Lamb FOB 1.65 8.22 323.51 0.90 6.36 250.19</u></div>
<div><u>Mdsx FOB 1.70 1.70N/A N/A 8.27 325.48 0.95 6.41 252.15</u></div>
<div><u>FOB SW Que 2.65 9.22 362.88N/A</u></div>
<div><u>Track 2.00 8.57 337.29N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A N/A</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 2.89 2.93 1.13 6.59 259.24</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 6.76 265.93</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 3.05 3.10 1.60 7.06 277.74</u></div>
<div><u>W O Feed 2.17 8.74 344.06</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.15 8.72 343.19</u></div>
<div><u>Toledo El. 0.30 6.87 270.44 -0.24 5.21 205.25</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.00 8.57 337.29 1.30 6.76 265.93</u></div>
<div><u>Prescott 1.58 8.15 320.75 1.40 6.86 269.87</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 6.45 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 1.2077 up 0.0008</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL21 HI 15.55 3/4 NOV21 HI 13.92 1/2</u></div>
<div><u> LOW 15.22 3/4 LOW 13.66 1/2</u></div>
<div><u> CLOSE15.30 1/2 Down 6 1/2 CLOSE 13.72 3/4 Down 5 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 3.49 18.80 690.60 2.45 16.18 594.42</u></div>
<div><u>CK High 3.55 18.86 692.80 2.50 16.23 596.26</u></div>
<div><u>CK Average 3.52 0.29 18.83 691.82 2.46 -0.32 16.19 594.79</u></div>
<div><u>Essex Cty 3.50 18.81 690.97 2.40 16.13 592.58</u></div>
<div><u>Mdsx Low 3.47 18.78 689.86 2.44 16.17 594.05</u></div>
<div><u>Mdsx High 3.55 18.86 692.80 2.45 16.18 594.42</u></div>
<div><u>Mdsx Average3.51 0.27 18.82 691.33 2.45 -0.34 16.17 594.24</u></div>
<div><u>Hensall 3.55 18.86 692.80 2.45 16.18 594.42</u></div>
<div><u>Bruce 3.55 18.86 692.80 2.45 16.18 594.42</u></div>
<div><u>Putnam 3.55 18.86 692.80 2.45 16.18 594.42</u></div>
<div><u>Burford 3.54 18.85 692.44 2.51 16.24 596.63</u></div>
<div><u>Port Perry 3.49 18.80 690.60 2.46 16.19 594.79</u></div>
<div><u>Norfolk 3.50 18.81 690.97 2.45 16.18 594.42</u></div>
<div><u>Palmerston 3.42 18.73 688.03 2.49 16.22 595.89</u></div>
<div><u>Varna 3.55 18.86 692.80 2.45 16.18 594.42</u></div>
<div><u>Trenton 3.55 18.86 692.80 2.45 16.18 594.42</u></div>
<div><u>Winchester 3.55 18.86 692.80 2.45 16.18 594.42</u></div>
<div><u>North Gower 3.25 18.56 681.78 2.50 16.23 596.26</u></div>
<div><u>Vankleek Hil3.36 18.67 685.82 2.54 16.27 597.73</u></div>
<div><u>Huron FOB N/A 3.65 3.77 3.84 2.50 16.23 596.26</u></div>
<div><u>Kent FOB 3.40 18.71 687.29 2.45 16.18 594.42</u></div>
<div><u>Lambton FOB 3.25 18.56 681.78 2.55 16.28 598.10</u></div>
<div><u>Mdsx FOB 3.47 3.47 N/A N/A 18.78 689.86 2.59 16.32 599.57</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.71 19.02 698.68 2.74 16.47 605.08</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.80 19.11 701.99 2.90 16.63 610.96</u></div>
<div><u>Prescott N/A 2.79 16.52 606.91</u></div>
<div><u>Port Colborn3.40 18.71 687.29 3.06 16.79 616.84</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.18 15.49 569.02 -0.42 13.30 488.87</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2077 up 0.0008</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>JUL21 HI 6.79 3/4 JUL21 HI 6.79 3/4</u></div>
<div><u> LOW 6.61 1/4 LOW 6.61 1/4</u></div>
<div><u> CLOSE 6.63 1/2 Down 12 3/4 CLOSE 6.63 1/2 Down 12 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>JUL21 HI 7.36 SEP21 HI 7.41 1/2</u></div>
<div><u> LOW 7.10 1/2 LOW 7.17</u></div>
<div><u> CLOSE 7.27 1/2 Up 10 1/4 CLOSE 7.33 1/2 Up 9 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 0.85 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 1.15 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 1.30 1.10 1.10 0.85 1.30</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 1.81 1.68 N/A 1.13 0.89 1.27</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 1.63 1.63 1.63 0.99 1.20 1.08 0.96 N/A</u></div>
<div><u>North Gower N/A 1.20 1.50 0.90 N/A 0.84 0.99 0.80</u></div>
<div><u>W O Feed 2.55</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 1.34 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.56 N/A N/A N/A 1.56 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.74US 8.13CA 6.74US 8.13CA</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 546.20</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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<u><span><br>
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<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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