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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 16</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2848 down 0.0105</u></div>
<div><u>Chicago corn closed higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 8.10 1/4 DEC22 HI 7.66 1/4</u></div>
<div><u> LOW 7.92 3/4 LOW 7.55 3/4</u></div>
<div><u> CLOSE8.09 1/2 Up 28 1/4 CLOSE 7.65 1/2 Up 16 3/4</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 9.65 379.71 1.45 9.11 358.45</u></div>
<div><u>CK High 1.70 9.80 385.61 1.50 9.16 360.42</u></div>
<div><u>CK Avg 1.67 -0.49 9.77 384.49 1.49 -0.53 9.15 360.14</u></div>
<div><u>Essex Cty 1.70 9.80 385.61 1.50 9.16 360.42</u></div>
<div><u>Mdsx Low 1.65 9.75 383.64 1.50 9.16 360.42</u></div>
<div><u>Mdsx High 1.70 9.80 385.61 1.50 9.16 360.42</u></div>
<div><u>Mdsx Avg 1.68 -0.48 9.78 384.96 1.50 -0.53 9.16 360.42</u></div>
<div><u>Hensall 1.72 9.81 386.27 1.52 9.17 361.07</u></div>
<div><u>Bruce 1.70 9.80 385.61 1.50 9.16 360.42</u></div>
<div><u>Putnam 1.70 9.80 385.61 1.50 9.16 360.42</u></div>
<div><u>Burford 1.65 9.75 383.64 1.50 9.16 360.42</u></div>
<div><u>Port Perry 1.50 9.60 377.74 1.30 8.96 352.54</u></div>
<div><u>Norfolk 1.70 9.80 385.61 1.50 9.16 360.42</u></div>
<div><u>Palmerston 1.60 9.70 381.68 1.48 9.14 359.63</u></div>
<div><u>Varna 1.70 9.80 385.61 1.50 9.16 360.42</u></div>
<div><u>Belmore 1.70 9.80 385.61 1.50 9.16 360.42</u></div>
<div><u>Trenton 1.60 9.70 381.68 1.45 9.11 358.45</u></div>
<div><u>Winchester 2.00 10.10 397.42 1.80 9.46 372.23</u></div>
<div><u>North Gower 1.85 9.95 391.52 1.90 9.56 376.16</u></div>
<div><u>Vankleek Hil 2.08 10.18 400.57 1.72 9.38 369.08</u></div>
<div><u>Huron FOB 1.70 1.75 1.84 1.89 9.80 385.61 1.50 9.16 360.42</u></div>
<div><u>Kent FOB 1.75 9.85 387.58 1.60 9.26 364.35</u></div>
<div><u>Lamb FOB 1.93 10.03 394.67 1.73 9.39 369.47</u></div>
<div><u>Mdsx FOB 1.70 1.75 1.85N/A 9.80 385.61 1.65 9.31 366.32</u></div>
<div><u>FOB SW Que 3.39 11.49 452.14N/A</u></div>
<div><u>Track 2.34 10.43 410.61N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.99 9.65 379.71</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.37 10.03 394.67</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 2.10 9.76 384.04</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.35 10.01 393.88</u></div>
<div><u>W O Feed 2.36 10.45 411.40</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.51 10.61 417.50</u></div>
<div><u>Toledo El. -0.32 7.77 306.04 -0.32 7.33 288.72</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 9.21 362.38</u></div>
<div><u>Prescott 2.53 10.63 418.29 2.30 9.96 391.91</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 9.15 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 1.2848 down 0.0105</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 16.68 NOV22 HI 15.19 1/4</u></div>
<div><u> LOW 16.50 1/4 LOW 15.00 1/4</u></div>
<div><u> CLOSE16.56 1/2 Up 10 CLOSE 15.12 Up 13 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 +JUL22+JUL22+SEP22</u></div>
<div><u>CK Low 4.60 21.17 777.68 3.79 18.91 694.82</u></div>
<div><u>CK High 4.85 21.42 786.87 3.90 19.02 698.87</u></div>
<div><u>CK Average 4.81 0.07 21.38 785.50 3.83 -0.37 18.95 696.45</u></div>
<div><u>Essex Cty 4.85 21.42 786.87 3.85 18.97 697.03</u></div>
<div><u>Mdsx Low 4.80 21.37 785.03 3.80 18.92 695.19</u></div>
<div><u>Mdsx High 4.86 21.43 787.23 3.85 18.97 697.03</u></div>
<div><u>Mdsx Average4.84 0.09 21.40 786.38 3.82 -0.38 18.94 695.93</u></div>
<div><u>Hensall 4.85 21.42 786.87 3.82 18.94 695.80</u></div>
<div><u>Bruce 4.85 21.42 786.87 3.80 18.92 695.19</u></div>
<div><u>Putnam 4.85 21.42 786.87 3.85 18.97 697.03</u></div>
<div><u>Burford 4.92 21.49 789.44 3.87 18.99 697.76</u></div>
<div><u>Port Perry 4.77 21.34 783.93 3.72 18.84 692.25</u></div>
<div><u>Norfolk 4.85 21.42 786.87 3.90 19.02 698.87</u></div>
<div><u>Palmerston 4.73 21.30 782.46 3.68 18.80 690.78</u></div>
<div><u>Varna 4.85 21.42 786.87 3.80 18.92 695.19</u></div>
<div><u>Trenton 4.70 21.27 781.35 3.90 19.02 698.87</u></div>
<div><u>Winchester 4.60 21.17 777.68 3.90 19.02 698.87</u></div>
<div><u>North Gower 4.70 21.27 781.35 3.80 18.92 695.19</u></div>
<div><u>Vankleek Hil4.53 21.10 775.11 3.72 18.84 692.25</u></div>
<div><u>Huron FOB 4.64 4.81 4.93 5.12 21.21 779.15 3.82 18.94 695.93</u></div>
<div><u>Kent FOB 5.05 21.62 794.22 3.85 18.97 697.03</u></div>
<div><u>Lambton FOB 4.90 21.47 788.70 N/A</u></div>
<div><u>Mdsx FOB 5.13 5.13 5.19 N/A 21.70 797.15 4.04 19.16 704.01</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.61 22.18 814.79 4.16 19.28 708.42</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.50 22.07 810.75 4.50 19.62 720.91</u></div>
<div><u>Prescott N/A 4.24 19.36 711.36</u></div>
<div><u>Port Colborn N/A 4.16 19.28 708.42</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.06 16.63 611.02 -0.45 14.67 539.04</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2848 down 0.0105</u></div>
<div><u>Chicago wheat closed moderately higher to limit up.</u></div>
<div><u>JUL22 HI 12.47 1/2 SEP22 HI 12.51</u></div>
<div><u> LOW 12.22 1/4 LOW 12.24 1/4</u></div>
<div><u> CLOSE 12.47 1/2 Up 70 CLOSE 12.51 Up 70</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed limit up.</u></div>
<div><u>JUL22 HI 13.85 SEP22 HI 13.78 3/4</u></div>
<div><u> LOW 13.56 1/4 LOW 13.52</u></div>
<div><u> CLOSE 13.85 Up 60 CLOSE 13.78 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 2.30 N/A</u></div>
<div><u>London 2.75 2.81 2.23 N/A 3.37 2.65 2.27 N/A</u></div>
<div><u>Hensall 2.10 N/A 2.10 N/A 3.30 N/A 2.30 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 2.20 N/A</u></div>
<div><u>Bruce N/A N/A 2.00 N/A 3.25 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 2.10 N/A 2.10 N/A 3.30 N/A 2.30 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 2.10 N/A 2.10 N/A 3.30 N/A 2.30 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 2.78 2.34 3.18 N/A 3.19 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 2.10 2.80 2.10 N/A 3.30 2.65 2.30 N/A</u></div>
<div><u>Thornton 2.75 2.81 2.23 2.03 3.37 2.65 2.27 N/A</u></div>
<div><u>North Gower N/A N/A N/A N/A N/A N/A 2.25 N/A</u></div>
<div><u>W O Feed 2.99</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.69 N/A N/A N/A 2.66 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 3.60 N/A N/A N/A 3.56 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 12.33US 15.83CA 12.32US 15.83CA</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 654.34</u></div>
<div><u>DDG's FOB Srn & Aylm 405.00 - 410.00</u></div>
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<br>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<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"">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>
<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
<o:p> </o:p></span></p>
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