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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 12</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3076 up 0.0102</u></div>
<div><u>Chicago corn closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 8.00 3/4 DEC22 HI 7.55 1/2</u></div>
<div><u> LOW 7.82 3/4 LOW 7.34 1/2</u></div>
<div><u> CLOSE7.91 1/2 Up 3 CLOSE 7.53 Up 17 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 +JUL22+JUL22+JUL22</u></div>
<div><u>CK Low 1.55 9.47 372.62 1.45 8.98 353.53</u></div>
<div><u>CK High 1.70 9.62 378.53 1.50 9.03 355.50</u></div>
<div><u>CK Avg 1.66 -0.59 9.58 377.12 1.48 -0.64 9.01 354.65</u></div>
<div><u>Essex Cty 1.70 9.62 378.53 1.50 9.03 355.50</u></div>
<div><u>Mdsx Low 1.65 9.57 376.56 1.45 8.98 353.53</u></div>
<div><u>Mdsx High 1.70 9.62 378.53 1.50 9.03 355.50</u></div>
<div><u>Mdsx Avg 1.67 -0.59 9.58 377.21 1.48 -0.64 9.01 354.51</u></div>
<div><u>Hensall 1.72 9.63 379.18 1.52 9.05 356.15</u></div>
<div><u>Bruce 1.70 9.62 378.53 1.50 9.03 355.50</u></div>
<div><u>Putnam 1.70 9.62 378.53 1.50 9.03 355.50</u></div>
<div><u>Burford 1.65 9.57 376.56 1.45 8.98 353.53</u></div>
<div><u>Port Perry 1.45 9.37 368.68 1.30 8.83 347.62</u></div>
<div><u>Norfolk 1.70 9.62 378.53 1.50 9.03 355.50</u></div>
<div><u>Palmerston 1.64 9.56 376.16 1.59 9.12 359.04</u></div>
<div><u>Varna 1.70 9.62 378.53 1.50 9.03 355.50</u></div>
<div><u>Belmore 1.70 9.62 378.53 1.50 9.03 355.50</u></div>
<div><u>Trenton 1.55 9.47 372.62 1.45 8.98 353.53</u></div>
<div><u>Winchester 1.80 9.72 382.46 1.80 9.33 367.31</u></div>
<div><u>North Gower 1.75 9.67 380.49 1.70 9.23 363.37</u></div>
<div><u>Vankleek Hil 2.16 10.08 396.64 1.77 9.30 366.12</u></div>
<div><u>Huron FOB 1.70 1.75 1.90 1.95 9.62 378.53 1.50 9.03 355.50</u></div>
<div><u>Kent FOB 1.75 9.67 380.49 1.60 9.13 359.43</u></div>
<div><u>Lamb FOB 2.02 9.94 391.12 1.73 9.26 364.55</u></div>
<div><u>Mdsx FOB 1.75 1.80 1.90N/A 9.67 380.49 1.60 9.13 359.43</u></div>
<div><u>FOB SW Que 3.01 10.93 430.10N/A</u></div>
<div><u>Track 2.42 10.33 406.67N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.99 9.52 374.79</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.37 9.90 389.75</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 2.00 9.53 375.18</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.30 9.83 386.99</u></div>
<div><u>W O Feed 2.44 10.35 407.46</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.62 10.54 414.74</u></div>
<div><u>Toledo El. -0.33 7.59 298.73 -0.33 7.20 283.57</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 9.08 357.46</u></div>
<div><u>Prescott 2.62 10.54 414.74 2.35 9.88 388.96</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 9.03</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3076 up 0.0102</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 16.27 1/4 NOV22 HI 14.89</u></div>
<div><u> LOW 15.90 1/4 LOW 14.57 3/4</u></div>
<div><u> CLOSE16.13 3/4 Up 7 CLOSE 14.80 1/2 Up 8 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 4.75 20.89 767.48 3.75 18.56 681.78</u></div>
<div><u>CK High 4.85 20.99 771.16 3.85 18.66 685.45</u></div>
<div><u>CK Average 4.82 -0.11 20.96 770.11 3.81 -0.57 18.61 683.93</u></div>
<div><u>Essex Cty 4.85 20.99 771.16 3.85 18.66 685.45</u></div>
<div><u>Mdsx Low 4.60 20.74 761.97 3.60 18.41 676.27</u></div>
<div><u>Mdsx High 4.85 20.99 771.16 3.85 18.66 685.45</u></div>
<div><u>Mdsx Average4.73 -0.18 20.87 766.87 3.74 -0.63 18.54 681.29</u></div>
<div><u>Hensall 4.78 20.92 768.71 3.78 18.59 683.00</u></div>
<div><u>Bruce 4.75 20.89 767.48 3.75 18.56 681.78</u></div>
<div><u>Putnam 4.85 20.99 771.16 3.85 18.66 685.45</u></div>
<div><u>Burford 4.83 20.97 770.42 3.84 18.65 685.09</u></div>
<div><u>Port Perry 4.68 20.82 764.91 3.69 18.50 679.57</u></div>
<div><u>Norfolk 4.85 20.99 771.16 3.90 18.71 687.29</u></div>
<div><u>Palmerston 4.80 20.94 769.32 3.88 18.69 686.56</u></div>
<div><u>Varna 4.75 20.89 767.48 3.75 18.56 681.78</u></div>
<div><u>Trenton 4.70 20.84 765.65 3.75 18.56 681.78</u></div>
<div><u>Winchester 4.64 20.78 763.44 3.66 18.47 678.47</u></div>
<div><u>North Gower 4.40 20.54 754.62 3.65 18.46 678.11</u></div>
<div><u>Vankleek Hil4.53 20.67 759.40 3.72 18.53 680.68</u></div>
<div><u>Huron FOB 4.68 4.84 4.97 5.18 20.82 764.91 3.88 18.69 686.56</u></div>
<div><u>Kent FOB 5.05 21.19 778.51 3.85 18.66 685.45</u></div>
<div><u>Lambton FOB 4.90 21.04 773.00 N/A</u></div>
<div><u>Mdsx FOB 5.06 5.13 5.13 N/A 21.20 778.87 4.01 18.82 691.33</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.76 21.90 804.60 N/A</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.50 21.64 795.04 4.50 19.31 709.34</u></div>
<div><u>Prescott N/A 4.24 19.05 699.78</u></div>
<div><u>Port Colborn N/A 4.13 18.94 695.74</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.07 16.20 595.35 -0.46 14.35 527.17</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3076 up 0.0102</u></div>
<div><u>Chicago wheat closed sharply higher.</u></div>
<div><u>JUL22 HI 11.83 SEP22 HI 11.87 1/4</u></div>
<div><u> LOW 11.02 3/4 LOW 11.07 1/2</u></div>
<div><u> CLOSE 11.78 3/4 Up 65 3/4 CLOSE 11.81 3/4 Up 64 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed sharply higher to limit up.</u></div>
<div><u>JUL22 HI 13.16 SEP22 HI 13.11 3/4</u></div>
<div><u> LOW 12.49 LOW 12.45</u></div>
<div><u> CLOSE 13.16 Up 60 CLOSE 13.11 3/4 Up 60</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 2.25 N/A</u></div>
<div><u>London 2.48 2.81 2.22 N/A 3.23 2.78 2.39 N/A</u></div>
<div><u>Hensall 2.00 N/A 2.00 N/A 3.25 N/A 2.25 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 2.00 N/A 3.15 2.55 2.25 1.40</u></div>
<div><u>Essex N/A N/A 2.10 N/A N/A N/A 2.30 N/A</u></div>
<div><u>Norwich 2.00 N/A 2.00 N/A 3.25 N/A 2.25 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 2.25 N/A</u></div>
<div><u>Kent Bridge 2.00 N/A 2.00 N/A 3.25 N/A 2.25 N/A</u></div>
<div><u>Chatham N/A N/A 2.10 N/A N/A N/A 2.30 N/A</u></div>
<div><u>Brigden N/A N/A 2.10 N/A N/A N/A 2.30 N/A</u></div>
<div><u>Palmerston N/A 2.80 2.33 3.22 N/A 3.20 2.67 N/A</u></div>
<div><u>Varna 2.35 2.85 2.10 N/A 3.20 2.65 2.30 N/A</u></div>
<div><u>Mitchell 2.00 2.65 2.00 N/A 3.25 2.55 2.25 N/A</u></div>
<div><u>Thornton 2.48 2.81 2.22 1.50 3.23 2.78 2.39 N/A</u></div>
<div><u>North Gower N/A N/A N/A N/A N/A N/A 2.05 N/A</u></div>
<div><u>W O Feed 2.96</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.68 N/A N/A N/A 2.78 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 3.67 N/A N/A N/A 3.64 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 11.45US 14.97CA 11.59US 15.15CA</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 634.94</u></div>
<div><u>DDG's FOB Srn & Aylm 410.00 - 415.00</u></div>
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<u><br>
</u></div>
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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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