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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 18</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2864 up 0.0014</u></div>
<div><u>Chicago corn closed lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 8.02 1/4 DEC22 HI 7.60 1/2</u></div>
<div><u> LOW 7.78 LOW 7.36 1/4</u></div>
<div><u> CLOSE7.81 1/2 Down 19 1/4 CLOSE 7.40 1/4 Down 20 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 +JUL22+JUL22+JUL22</u></div>
<div><u>CK Low 1.65 9.47 372.62 1.50 8.90 350.48</u></div>
<div><u>CK High 1.70 9.52 374.59 1.50 8.90 350.48</u></div>
<div><u>CK Avg 1.69 -0.42 9.51 374.31 1.50 -0.48 8.90 350.48</u></div>
<div><u>Essex Cty 1.70 9.52 374.59 1.50 8.90 350.48</u></div>
<div><u>Mdsx Low 1.65 9.47 372.62 1.50 8.90 350.48</u></div>
<div><u>Mdsx High 1.70 9.52 374.59 1.50 8.90 350.48</u></div>
<div><u>Mdsx Avg 1.68 -0.43 9.50 373.93 1.50 -0.48 8.90 350.48</u></div>
<div><u>Hensall 1.72 9.53 375.25 1.52 8.92 351.13</u></div>
<div><u>Bruce 1.70 9.52 374.59 1.50 8.90 350.48</u></div>
<div><u>Putnam 1.70 9.52 374.59 1.50 8.90 350.48</u></div>
<div><u>Burford 1.65 9.47 372.62 1.50 8.90 350.48</u></div>
<div><u>Port Perry 1.45 9.27 364.75 1.30 8.70 342.60</u></div>
<div><u>Norfolk 1.70 9.52 374.59 1.50 8.90 350.48</u></div>
<div><u>Palmerston 1.58 9.40 369.86 1.40 8.80 346.54</u></div>
<div><u>Varna 1.70 9.52 374.59 1.50 8.90 350.48</u></div>
<div><u>Belmore 1.70 9.52 374.59 1.50 8.90 350.48</u></div>
<div><u>Trenton 1.60 9.42 370.65 1.45 8.85 348.51</u></div>
<div><u>Winchester 2.00 9.82 386.40 1.80 9.20 362.29</u></div>
<div><u>North Gower 1.85 9.67 380.49 1.90 9.30 366.22</u></div>
<div><u>Vankleek Hil 2.22 10.04 395.06 1.66 9.06 356.77</u></div>
<div><u>Huron FOB 1.70 1.70 1.74 1.79 9.52 374.59 1.50 8.90 350.48</u></div>
<div><u>Kent FOB 1.80 9.62 378.53 1.65 9.05 356.38</u></div>
<div><u>Lamb FOB 1.88 9.70 381.68 1.70 9.10 358.35</u></div>
<div><u>Mdsx FOB 1.65 1.70 1.77N/A 9.47 372.62 1.60 9.00 354.41</u></div>
<div><u>FOB SW Que 2.88 10.70 421.04N/A</u></div>
<div><u>Track 2.19 10.01 393.88N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.93 9.33 367.40</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.31 9.71 382.36</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 9.45 372.13</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.30 9.70 381.97</u></div>
<div><u>W O Feed 2.26 10.07 396.54</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.41 10.23 402.54</u></div>
<div><u>Toledo El. -0.32 7.49 295.00 -0.32 7.08 278.76</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 8.95 352.44</u></div>
<div><u>Prescott 2.50 10.32 406.08 2.24 9.64 379.61</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 8.90 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 1.2864 up 0.0014</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 16.86 3/4 NOV22 HI 15.28</u></div>
<div><u> LOW 16.57 LOW 14.96 3/4</u></div>
<div><u> CLOSE16.62 3/4 Down 15 1/4 CLOSE 14.99 1/2 Down 26</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 21.38 785.49 3.68 18.68 686.19</u></div>
<div><u>CK High 4.76 21.39 785.86 3.75 18.75 688.76</u></div>
<div><u>CK Average 4.75 -0.01 21.38 785.54 3.70 -0.46 18.70 687.08</u></div>
<div><u>Essex Cty 4.75 21.38 785.49 3.70 18.70 686.92</u></div>
<div><u>Mdsx Low 4.70 21.33 783.65 3.65 18.65 685.09</u></div>
<div><u>Mdsx High 4.78 21.41 786.59 3.70 18.70 686.92</u></div>
<div><u>Mdsx Average4.74 -0.01 21.37 785.24 3.68 -0.48 18.68 686.31</u></div>
<div><u>Hensall 4.75 21.38 785.49 3.72 18.71 687.54</u></div>
<div><u>Bruce 4.70 21.33 783.65 3.65 18.65 685.09</u></div>
<div><u>Putnam 4.75 21.38 785.49 3.75 18.75 688.76</u></div>
<div><u>Burford 4.84 21.47 788.80 3.76 18.76 689.13</u></div>
<div><u>Port Perry 4.69 21.32 783.28 3.61 18.61 683.62</u></div>
<div><u>Norfolk 4.75 21.38 785.49 3.75 18.75 688.76</u></div>
<div><u>Palmerston 4.73 21.36 784.75 3.75 18.75 688.76</u></div>
<div><u>Varna 4.75 21.38 785.49 3.70 18.70 686.92</u></div>
<div><u>Trenton 4.50 21.13 776.30 3.75 18.75 688.76</u></div>
<div><u>Winchester 4.43 21.06 773.73 3.77 18.77 689.50</u></div>
<div><u>North Gower 4.70 21.33 783.65 3.80 18.80 690.60</u></div>
<div><u>Vankleek Hil5.01 21.64 795.04 3.65 18.65 685.09</u></div>
<div><u>Huron FOB 4.78 4.89 4.96 5.06 21.41 786.59 3.75 18.75 688.76</u></div>
<div><u>Kent FOB 4.95 21.58 792.84 3.70 18.70 686.92</u></div>
<div><u>Lambton FOB 4.90 21.53 791.00 N/A</u></div>
<div><u>Mdsx FOB 4.94 5.01 5.07 N/A 21.57 792.47 3.93 18.93 695.37</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.54 22.17 814.52 4.05 19.05 699.78</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.40 22.03 809.37 4.35 19.35 710.81</u></div>
<div><u>Prescott N/A 4.14 19.14 703.09</u></div>
<div><u>Port Colborn N/A 4.05 19.05 699.78</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.06 16.69 613.32 -0.45 14.54 534.43</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2864 up 0.0014</u></div>
<div><u>Chicago wheat closed moderately to sharply lower.</u></div>
<div><u>JUL22 HI 12.80 SEP22 HI 12.80 1/2</u></div>
<div><u> LOW 12.11 1/2 LOW 12.14 1/2</u></div>
<div><u> CLOSE 12.30 3/4 Down 46 3/4 CLOSE 12.33 Down 45 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed lower.</u></div>
<div><u>JUL22 HI 13.94 3/4 SEP22 HI 13.91</u></div>
<div><u> LOW 13.34 1/4 LOW 13.31 3/4</u></div>
<div><u> CLOSE 13.52 3/4 Down 40 3/4 CLOSE 13.51 1/4 Down 38 1/4</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 2.45 N/A</u></div>
<div><u>London 2.69 2.75 2.17 N/A 3.31 2.60 2.22 N/A</u></div>
<div><u>Hensall 2.45 N/A 2.35 N/A 3.45 N/A 2.45 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 2.25 N/A N/A N/A 2.40 N/A</u></div>
<div><u>Norwich 2.45 N/A 2.35 N/A 3.45 N/A 2.45 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 2.45 N/A</u></div>
<div><u>Kent Bridge 2.45 N/A 2.35 N/A 3.45 N/A 2.45 N/A</u></div>
<div><u>Chatham N/A N/A 2.25 N/A N/A N/A 2.40 N/A</u></div>
<div><u>Brigden N/A N/A 2.25 N/A N/A N/A 2.40 N/A</u></div>
<div><u>Palmerston N/A 2.72 2.27 3.07 N/A 3.11 2.41 N/A</u></div>
<div><u>Varna 2.55 3.05 2.30 N/A 3.35 2.80 2.45 N/A</u></div>
<div><u>Mitchell 2.45 2.90 2.35 N/A 3.45 2.75 2.45 N/A</u></div>
<div><u>Thornton 2.69 2.75 2.17 2.11 3.31 2.60 2.22 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 3.06</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.63 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 3.55 N/A N/A N/A 3.53 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 12.16US 15.64CA 12.16US 15.64CA</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 649.27</u></div>
<div><u>DDG's FOB Srn & Aylm 405.00 - 410.00</u></div>
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<br>
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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>
</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>
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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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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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