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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 3</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2863 down 0.0052</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 8.13 3/4 DEC22 HI 7.49</u></div>
<div><u> LOW 7.92 LOW 7.30 3/4</u></div>
<div><u> CLOSE7.93 Down 10 1/2 CLOSE 7.35 1/4 Down 7</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 +JUL22+JUL22+JUL22</u></div>
<div><u>CK Low 1.55 9.48 373.21 1.35 8.70 342.60</u></div>
<div><u>CK High 1.65 9.58 377.15 1.45 8.80 346.54</u></div>
<div><u>CK Avg 1.62 -0.50 9.55 376.02 1.43 -0.53 8.78 345.70</u></div>
<div><u>Essex Cty 1.65 9.58 377.15 1.45 8.80 346.54</u></div>
<div><u>Mdsx Low 1.65 9.58 377.15 1.45 8.80 346.54</u></div>
<div><u>Mdsx High 1.65 9.58 377.15 1.45 8.80 346.54</u></div>
<div><u>Mdsx Avg 1.65 -0.48 9.58 377.15 1.45 -0.51 8.80 346.54</u></div>
<div><u>Hensall 1.65 9.58 377.15 1.47 8.82 347.20</u></div>
<div><u>Bruce 1.60 9.53 375.18 1.45 8.80 346.54</u></div>
<div><u>Putnam 1.60 9.53 375.18 1.45 8.80 346.54</u></div>
<div><u>Burford 1.65 9.58 377.15 1.45 8.80 346.54</u></div>
<div><u>Port Perry 1.50 9.43 371.24 1.25 8.60 338.67</u></div>
<div><u>Norfolk 1.65 9.58 377.15 1.45 8.80 346.54</u></div>
<div><u>Palmerston 1.49 9.42 370.85 1.32 8.67 341.42</u></div>
<div><u>Varna 1.65 9.58 377.15 1.45 8.80 346.54</u></div>
<div><u>Belmore 1.65 9.58 377.15 1.45 8.80 346.54</u></div>
<div><u>Trenton 1.55 9.48 373.21 1.30 8.65 340.63</u></div>
<div><u>Winchester 1.80 9.73 383.05 1.80 9.15 360.32</u></div>
<div><u>North Gower 1.70 9.63 379.12 1.65 9.00 354.41</u></div>
<div><u>Vankleek Hil 2.13 10.06 396.04 1.68 9.03 355.59</u></div>
<div><u>Huron FOB 1.65 1.70 1.85 1.91 9.58 377.15 1.45 8.80 346.54</u></div>
<div><u>Kent FOB 1.75 9.68 381.08 1.60 8.95 352.44</u></div>
<div><u>Lamb FOB 1.95 9.88 388.96 1.65 9.00 354.41</u></div>
<div><u>Mdsx FOB 1.75 1.80 1.90N/A 9.68 381.08 1.55 8.90 350.48</u></div>
<div><u>FOB SW Que 2.99 10.92 429.90N/A</u></div>
<div><u>Track 2.33 10.26 403.72N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.93 9.28 365.44</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.11 9.46 372.52</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</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 1.95 9.30 366.22</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.25 9.60 378.03</u></div>
<div><u>W O Feed 2.33 10.26 404.00</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.47 10.40 409.43</u></div>
<div><u>Toledo El. -0.32 7.61 299.53 -0.32 7.03 276.80</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 8.90 350.48</u></div>
<div><u>Prescott 2.59 10.52 414.15 2.27 9.62 378.82</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 8.80 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 1.2863 down 0.0052</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 16.62 3/4 NOV22 HI 15.03 1/4</u></div>
<div><u> LOW 16.29 LOW 14.76 1/4</u></div>
<div><u> CLOSE16.30 1/2 Down 14 3/4 CLOSE 14.78 1/4 Down 12 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 +JUL22+JUL22+SEP22</u></div>
<div><u>CK Low 4.66 20.97 770.33 3.70 18.48 679.12</u></div>
<div><u>CK High 4.75 21.06 773.64 3.90 18.68 686.46</u></div>
<div><u>CK Average 4.70 0.03 21.01 771.85 3.75 -0.38 18.53 680.85</u></div>
<div><u>Essex Cty 4.70 21.01 771.80 3.70 18.48 679.12</u></div>
<div><u>Mdsx Low 4.64 20.95 769.60 3.70 18.48 679.12</u></div>
<div><u>Mdsx High 4.70 21.01 771.80 3.76 18.54 681.32</u></div>
<div><u>Mdsx Average4.68 0.01 20.99 771.07 3.74 -0.38 18.52 680.46</u></div>
<div><u>Hensall 4.73 21.04 773.03 3.77 18.55 681.57</u></div>
<div><u>Bruce 4.70 21.01 771.80 3.70 18.48 679.12</u></div>
<div><u>Putnam 4.70 21.01 771.80 3.70 18.48 679.12</u></div>
<div><u>Burford 4.70 21.01 771.80 3.82 18.60 683.52</u></div>
<div><u>Port Perry 4.55 20.86 766.29 3.67 18.45 678.01</u></div>
<div><u>Norfolk 4.70 21.01 771.80 3.75 18.53 680.95</u></div>
<div><u>Palmerston 4.65 20.96 769.96 3.71 18.49 679.48</u></div>
<div><u>Varna 4.70 21.01 771.80 3.80 18.58 682.79</u></div>
<div><u>Trenton 4.65 20.96 769.96 3.75 18.53 680.95</u></div>
<div><u>Winchester 4.70 21.01 771.80 3.90 18.68 686.46</u></div>
<div><u>North Gower 4.35 20.66 758.94 3.60 18.38 675.44</u></div>
<div><u>Vankleek Hil4.47 20.78 763.35 3.64 18.42 676.91</u></div>
<div><u>Huron FOB 4.79 4.89 4.89 5.07 21.10 775.11 3.70 18.48 679.12</u></div>
<div><u>Kent FOB 4.90 21.21 779.15 3.70 18.48 679.12</u></div>
<div><u>Lambton FOB 4.82 21.13 776.21 N/A</u></div>
<div><u>Mdsx FOB 4.93 5.00 5.00 N/A 21.24 780.25 3.99 18.77 689.77</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.34 21.65 795.32 4.04 18.82 691.61</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.35 21.66 795.69 4.35 19.13 703.00</u></div>
<div><u>Prescott N/A 4.02 18.80 690.87</u></div>
<div><u>Port Colborn N/A 4.01 18.79 690.51</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.06 16.24 596.74 -0.45 14.33 526.62</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2863 down 0.0052</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL22 HI 10.68 3/4 SEP22 HI 10.71</u></div>
<div><u> LOW 10.44 LOW 10.47 1/2</u></div>
<div><u> CLOSE 10.45 1/2 Down 10 CLOSE 10.49 1/2 Down 8 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>JUL22 HI 11.80 1/2 SEP22 HI 11.70</u></div>
<div><u> LOW 11.54 1/4 LOW 11.47 1/4</u></div>
<div><u> CLOSE 11.55 1/2 Down 12 1/4 CLOSE 11.48 Down 8 1/2</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2021 Harvest 2022</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 2.10 N/A</u></div>
<div><u>London 2.20 2.53 1.95 N/A 2.92 2.40 2.08 N/A</u></div>
<div><u>Hensall 1.80 N/A 1.80 N/A 3.10 N/A 2.10 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 2.10 N/A</u></div>
<div><u>Bruce N/A N/A 1.80 N/A 3.00 2.45 2.10 1.30</u></div>
<div><u>Essex N/A N/A 1.80 N/A N/A N/A 2.10 N/A</u></div>
<div><u>Norwich 1.80 N/A 1.80 N/A 3.10 N/A 2.10 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 2.10 N/A</u></div>
<div><u>Kent Bridge 1.80 N/A 1.80 N/A 3.10 N/A 2.10 N/A</u></div>
<div><u>Chatham N/A N/A 1.80 N/A N/A N/A 2.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.80 N/A N/A N/A 2.10 N/A</u></div>
<div><u>Palmerston N/A 2.22 1.77 2.53 N/A 2.62 2.16 N/A</u></div>
<div><u>Varna 2.05 2.55 1.80 N/A 3.00 2.45 2.10 N/A</u></div>
<div><u>Mitchell 1.80 2.50 1.80 N/A 3.10 2.45 2.10 N/A</u></div>
<div><u>Thornton 2.20 2.53 1.95 1.49 2.92 2.40 2.08 N/A</u></div>
<div><u>North Gower N/A N/A N/A N/A N/A N/A 1.95 N/A</u></div>
<div><u>W O Feed 2.50</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.40 N/A N/A N/A 2.48 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 3.04 N/A N/A N/A 3.00 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 10.04US 12.91CA 10.26US 13.19CA</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 670.11</u></div>
<div><u>DDG's FOB Srn & Aylm 410.00</u></div>
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<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="elementToProof">
<span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><o:p style="color: inherit; font-family: "Courier New"; font-size: 10pt; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"> </o:p><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:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
<o:p> </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"">University of Guelph, Ridgetown Campus<o:p> </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""><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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