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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 17</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.285 up 0.0002</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 8.09 1/4 DEC22 HI 7.65 3/4</u></div>
<div><u> LOW 7.97 1/4 LOW 7.55 1/2</u></div>
<div><u> CLOSE8.00 3/4 Down 8 3/4 CLOSE 7.60 3/4 Down 4 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 9.56 376.26 1.45 9.06 356.58</u></div>
<div><u>CK High 1.70 9.71 382.17 1.50 9.11 358.55</u></div>
<div><u>CK Avg 1.67 -0.48 9.68 381.04 1.49 -0.53 9.10 358.27</u></div>
<div><u>Essex Cty 1.70 9.71 382.17 1.50 9.11 358.55</u></div>
<div><u>Mdsx Low 1.65 9.66 380.20 1.50 9.11 358.55</u></div>
<div><u>Mdsx High 1.70 9.71 382.17 1.50 9.11 358.55</u></div>
<div><u>Mdsx Avg 1.68 -0.47 9.69 381.51 1.50 -0.52 9.11 358.55</u></div>
<div><u>Hensall 1.72 9.72 382.82 1.52 9.12 359.20</u></div>
<div><u>Bruce 1.70 9.71 382.17 1.50 9.11 358.55</u></div>
<div><u>Putnam 1.70 9.71 382.17 1.50 9.11 358.55</u></div>
<div><u>Burford 1.65 9.66 380.20 1.50 9.11 358.55</u></div>
<div><u>Port Perry 1.45 9.46 372.33 1.30 8.91 350.67</u></div>
<div><u>Norfolk 1.70 9.71 382.17 1.50 9.11 358.55</u></div>
<div><u>Palmerston 1.63 9.64 379.41 1.46 9.07 356.97</u></div>
<div><u>Varna 1.70 9.71 382.17 1.50 9.11 358.55</u></div>
<div><u>Belmore 1.70 9.71 382.17 1.50 9.11 358.55</u></div>
<div><u>Trenton 1.60 9.61 378.23 1.45 9.06 356.58</u></div>
<div><u>Winchester 2.00 10.01 393.98 1.80 9.41 370.36</u></div>
<div><u>North Gower 1.85 9.86 388.07 1.90 9.51 374.29</u></div>
<div><u>Vankleek Hil 1.83 9.84 387.29 1.72 9.33 367.21</u></div>
<div><u>Huron FOB 1.70 1.75 1.81 1.86 9.71 382.17 1.50 9.11 358.55</u></div>
<div><u>Kent FOB 1.80 9.81 386.10 1.65 9.26 364.45</u></div>
<div><u>Lamb FOB 1.93 9.94 391.22 1.74 9.35 367.99</u></div>
<div><u>Mdsx FOB 1.65 1.70 1.80N/A 9.66 380.20 1.60 9.21 362.48</u></div>
<div><u>FOB SW Que 3.27 11.28 443.98N/A</u></div>
<div><u>Track 2.28 10.29 405.00N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.99 9.60 377.84</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.37 9.98 392.80</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 2.05 9.66 380.20</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.30 9.91 390.04</u></div>
<div><u>W O Feed 2.33 10.34 406.87</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.51 10.52 414.06</u></div>
<div><u>Toledo El. -0.32 7.69 302.59 -0.32 7.29 286.85</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 9.16 360.51</u></div>
<div><u>Prescott 2.09 10.10 397.52 2.28 9.89 389.25</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 9.10 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 1.285 up 0.0002</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 16.84 1/4 NOV22 HI 15.30 3/4</u></div>
<div><u> LOW 16.45 1/4 LOW 15.00 1/2</u></div>
<div><u> CLOSE16.78 Up 21 1/2 CLOSE 15.25 1/2 Up 13 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 +JUL22+JUL22+SEP22</u></div>
<div><u>CK Low 4.45 21.23 780.07 3.65 18.91 694.64</u></div>
<div><u>CK High 4.85 21.63 794.77 3.85 19.11 701.99</u></div>
<div><u>CK Average 4.71 -0.06 21.49 789.57 3.73 -0.48 18.99 697.74</u></div>
<div><u>Essex Cty 4.75 21.53 791.09 3.75 19.01 698.31</u></div>
<div><u>Mdsx Low 4.70 21.48 789.25 3.65 18.91 694.64</u></div>
<div><u>Mdsx High 4.78 21.56 792.19 3.75 19.01 698.31</u></div>
<div><u>Mdsx Average4.74 -0.03 21.52 790.85 3.70 -0.50 18.96 696.60</u></div>
<div><u>Hensall 4.70 21.48 789.25 3.67 18.92 695.25</u></div>
<div><u>Bruce 4.70 21.48 789.25 3.65 18.91 694.64</u></div>
<div><u>Putnam 4.70 21.48 789.25 3.70 18.96 696.48</u></div>
<div><u>Burford 4.84 21.62 794.40 3.77 19.03 699.05</u></div>
<div><u>Port Perry 4.69 21.47 788.89 3.62 18.88 693.54</u></div>
<div><u>Norfolk 4.75 21.53 791.09 3.80 19.06 700.15</u></div>
<div><u>Palmerston 4.91 21.69 796.97 3.84 19.10 701.62</u></div>
<div><u>Varna 4.70 21.48 789.25 3.65 18.91 694.64</u></div>
<div><u>Trenton 4.50 21.28 781.91 3.75 19.01 698.31</u></div>
<div><u>Winchester 4.43 21.21 779.33 3.77 19.03 699.05</u></div>
<div><u>North Gower 4.70 21.48 789.25 3.80 19.06 700.15</u></div>
<div><u>Vankleek Hil4.41 21.19 778.60 3.63 18.89 693.90</u></div>
<div><u>Huron FOB 4.58 4.75 4.87 5.06 21.36 784.85 3.77 19.03 699.05</u></div>
<div><u>Kent FOB 4.95 21.73 798.44 3.75 19.01 698.31</u></div>
<div><u>Lambton FOB 4.90 21.68 796.60 N/A</u></div>
<div><u>Mdsx FOB 4.94 5.01 5.07 N/A 21.72 798.07 3.94 19.20 705.30</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.57 22.35 821.22 4.12 19.38 711.91</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.40 22.18 814.98 4.40 19.66 722.20</u></div>
<div><u>Prescott N/A 4.14 19.40 712.64</u></div>
<div><u>Port Colborn N/A 4.06 19.32 709.70</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.06 16.84 618.92 -0.45 14.81 544.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.285 up 0.0002</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>JUL22 HI 12.84 SEP22 HI 12.85</u></div>
<div><u> LOW 12.00 3/4 LOW 12.03 3/4</u></div>
<div><u> CLOSE 12.77 1/2 Up 30 CLOSE 12.78 3/4 Up 27 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL22 HI 14.12 3/4 SEP22 HI 14.06 1/2</u></div>
<div><u> LOW 13.40 LOW 13.32</u></div>
<div><u> CLOSE 13.93 1/2 Up 8 1/2 CLOSE 13.89 1/2 Up 10 3/4</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 2.68 2.74 2.16 N/A 3.31 2.60 2.21 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 2.25 N/A</u></div>
<div><u>Bruce N/A N/A 2.10 N/A 3.25 2.55 2.30 1.40</u></div>
<div><u>Essex N/A N/A 2.35 N/A N/A N/A 2.45 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 2.30 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 2.35 N/A N/A N/A 2.45 N/A</u></div>
<div><u>Brigden N/A N/A 2.35 N/A N/A N/A 2.45 N/A</u></div>
<div><u>Palmerston N/A 2.87 2.41 3.19 N/A 3.26 2.55 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 2.68 2.74 2.16 2.16 3.31 2.60 2.21 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 3.08</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.62 N/A N/A N/A 2.61 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 3.65 N/A N/A N/A 3.64 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 12.63US 16.22CA 12.63US 16.23CA</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 646.85</u></div>
<div><u>DDG's FOB Srn & Aylm 405.00 - 410.00</u></div>
<div><u><br>
</u></div>
<div><br>
</div>
<div><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>
</div>
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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>
<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"">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; line-height: 115%; font-family: "Courier New";">Fax. 519-674-1530<br>
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