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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 19</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2802 down 0.0062</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 7.89 3/4 DEC22 HI 7.43 1/2</u></div>
<div><u> LOW 7.73 1/4 LOW 7.26 3/4</u></div>
<div><u> CLOSE7.83 1/4 Up 1 3/4 CLOSE 7.36 Down 4 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 1.60 9.43 371.34 1.50 8.86 348.80</u></div>
<div><u>CK High 1.70 9.53 375.28 1.50 8.86 348.80</u></div>
<div><u>CK Avg 1.69 -0.40 9.52 374.72 1.50 -0.44 8.86 348.80</u></div>
<div><u>Essex Cty 1.70 9.53 375.28 1.50 8.86 348.80</u></div>
<div><u>Mdsx Low 1.60 9.43 371.34 1.50 8.86 348.80</u></div>
<div><u>Mdsx High 1.70 9.53 375.28 1.50 8.86 348.80</u></div>
<div><u>Mdsx Avg 1.63 -0.44 9.47 372.65 1.50 -0.44 8.86 348.80</u></div>
<div><u>Hensall 1.65 9.48 373.31 1.48 8.84 348.15</u></div>
<div><u>Bruce 1.70 9.53 375.28 1.50 8.86 348.80</u></div>
<div><u>Putnam 1.70 9.53 375.28 1.50 8.86 348.80</u></div>
<div><u>Burford 1.60 9.43 371.34 1.50 8.86 348.80</u></div>
<div><u>Port Perry 1.40 9.23 363.47 1.30 8.66 340.93</u></div>
<div><u>Norfolk 1.70 9.53 375.28 1.50 8.86 348.80</u></div>
<div><u>Palmerston 1.69 9.52 374.88 1.49 8.85 348.41</u></div>
<div><u>Varna 1.60 9.43 371.34 1.45 8.81 346.83</u></div>
<div><u>Belmore 1.60 9.43 371.34 1.45 8.81 346.83</u></div>
<div><u>Trenton 1.60 9.43 371.34 1.45 8.81 346.83</u></div>
<div><u>Winchester 2.00 9.83 387.09 1.80 9.16 360.61</u></div>
<div><u>North Gower 1.90 9.73 383.15 1.85 9.21 362.58</u></div>
<div><u>Vankleek Hil 2.19 10.02 394.57 1.56 8.92 351.16</u></div>
<div><u>Huron FOB 1.60 1.65 1.71 1.76 9.43 371.34 1.45 8.81 346.83</u></div>
<div><u>Kent FOB 1.80 9.63 379.21 1.60 8.96 352.74</u></div>
<div><u>Lamb FOB 1.88 9.71 382.36 1.70 9.06 356.68</u></div>
<div><u>Mdsx FOB 1.50 1.57 1.70N/A 9.33 367.40 1.55 8.91 350.77</u></div>
<div><u>FOB SW Que 2.92 10.75 423.31N/A</u></div>
<div><u>Track 2.16 9.99 393.39N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.96 9.32 366.91</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.33 9.69 381.48</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 9.36 368.49</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.30 9.66 380.30</u></div>
<div><u>W O Feed 2.23 10.06 396.04</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.38 10.21 402.05</u></div>
<div><u>Toledo El. -0.32 7.51 295.75 -0.32 7.04 277.15</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 8.91 350.77</u></div>
<div><u>Prescott 2.44 10.27 404.41 2.20 9.56 376.36</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 8.86</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2802 down 0.0062</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 16.97 NOV22 HI 15.19</u></div>
<div><u> LOW 16.60 3/4 LOW 14.87</u></div>
<div><u> CLOSE16.90 1/2 Up 27 3/4 CLOSE 15.14 1/2 Up 15</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 4.70 21.61 793.85 3.57 18.72 687.66</u></div>
<div><u>CK High 4.75 21.66 795.69 3.70 18.85 692.44</u></div>
<div><u>CK Average 4.72 -0.01 21.63 794.64 3.67 -0.45 18.81 691.23</u></div>
<div><u>Essex Cty 4.70 21.61 793.85 3.65 18.80 690.60</u></div>
<div><u>Mdsx Low 4.70 21.61 793.85 3.59 18.74 688.39</u></div>
<div><u>Mdsx High 4.75 21.66 795.69 3.70 18.85 692.44</u></div>
<div><u>Mdsx Average4.72 -0.01 21.63 794.71 3.65 -0.47 18.79 690.48</u></div>
<div><u>Hensall 4.75 21.66 795.69 3.72 18.86 693.05</u></div>
<div><u>Bruce 4.70 21.61 793.85 3.70 18.85 692.44</u></div>
<div><u>Putnam 4.75 21.66 795.69 3.75 18.90 694.27</u></div>
<div><u>Burford 4.78 21.69 796.79 3.65 18.80 690.60</u></div>
<div><u>Port Perry 4.63 21.54 791.28 3.50 18.65 685.09</u></div>
<div><u>Norfolk 4.70 21.61 793.85 3.70 18.85 692.44</u></div>
<div><u>Palmerston 4.75 21.66 795.69 3.75 18.90 694.27</u></div>
<div><u>Varna 4.75 21.66 795.69 3.70 18.85 692.44</u></div>
<div><u>Trenton 4.50 21.41 786.50 3.70 18.85 692.44</u></div>
<div><u>Winchester 4.43 21.34 783.93 3.77 18.92 695.01</u></div>
<div><u>North Gower 4.80 21.71 797.52 3.75 18.90 694.27</u></div>
<div><u>Vankleek Hil5.00 21.91 804.87 3.48 18.63 684.35</u></div>
<div><u>Huron FOB 4.73 4.84 4.90 4.98 21.64 794.95 3.67 18.82 691.33</u></div>
<div><u>Kent FOB 4.90 21.81 801.20 3.65 18.80 690.60</u></div>
<div><u>Lambton FOB 4.90 21.81 801.20 N/A</u></div>
<div><u>Mdsx FOB 4.89 4.95 5.01 N/A 21.80 800.83 3.82 18.97 696.84</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.60 22.51 826.92 4.07 19.22 706.03</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.35 22.26 817.73 4.30 19.45 714.48</u></div>
<div><u>Prescott N/A 4.10 19.25 707.13</u></div>
<div><u>Port Colborn N/A 3.94 19.09 701.25</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.06 16.97 623.50 -0.45 14.70 540.02</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2802 down 0.0062</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>JUL22 HI 12.47 3/4 SEP22 HI 12.49 1/4</u></div>
<div><u> LOW 11.93 1/2 LOW 11.97 1/4</u></div>
<div><u> CLOSE 12.00 1/2 Down 30 1/4 CLOSE 12.06 Down 27</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>JUL22 HI 13.83 SEP22 HI 13.80</u></div>
<div><u> LOW 13.23 3/4 LOW 13.22 1/2</u></div>
<div><u> CLOSE 13.30 1/2 Down 22 1/4 CLOSE 13.29 Down 22 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 2.52 2.59 2.01 N/A 3.11 2.41 2.28 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 2.35 N/A</u></div>
<div><u>Bruce N/A N/A 2.25 N/A 3.35 2.75 2.40 1.60</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 2.59 2.14 2.95 N/A 2.99 2.29 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 2.52 2.59 2.01 1.86 3.11 2.41 2.28 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 2.93</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.47 N/A N/A N/A 2.67 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 3.43 N/A N/A N/A 3.38 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 11.86US 15.18CA 11.85US 15.17CA</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 661.73</u></div>
<div><u>DDG's FOB Srn & Aylm 405.00 - 410.00</u></div>
<u><br>
</u></div>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
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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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