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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 20</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2855 up 0.0053</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 7.82 DEC22 HI 7.35 1/4</u></div>
<div><u> LOW 7.74 1/2 LOW 7.26 3/4</u></div>
<div><u> CLOSE7.78 3/4 Down 4 1/2 CLOSE 7.32 Down 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 9.39 369.57 1.45 8.77 345.26</u></div>
<div><u>CK High 1.70 9.49 373.51 1.50 8.82 347.23</u></div>
<div><u>CK Avg 1.69 -0.42 9.47 372.94 1.49 -0.47 8.81 346.67</u></div>
<div><u>Essex Cty 1.70 9.49 373.51 1.45 8.77 345.26</u></div>
<div><u>Mdsx Low 1.60 9.39 369.57 1.45 8.77 345.26</u></div>
<div><u>Mdsx High 1.70 9.49 373.51 1.50 8.82 347.23</u></div>
<div><u>Mdsx Avg 1.63 -0.46 9.42 370.88 1.48 -0.48 8.80 346.24</u></div>
<div><u>Hensall 1.65 9.44 371.54 1.48 8.80 346.57</u></div>
<div><u>Bruce 1.70 9.49 373.51 1.50 8.82 347.23</u></div>
<div><u>Putnam 1.70 9.49 373.51 1.50 8.82 347.23</u></div>
<div><u>Burford 1.60 9.39 369.57 1.50 8.82 347.23</u></div>
<div><u>Port Perry 1.40 9.19 361.70 1.30 8.62 339.35</u></div>
<div><u>Norfolk 1.70 9.49 373.51 1.45 8.77 345.26</u></div>
<div><u>Palmerston 1.71 9.50 373.90 1.51 8.83 347.62</u></div>
<div><u>Varna 1.60 9.39 369.57 1.45 8.77 345.26</u></div>
<div><u>Belmore 1.60 9.39 369.57 1.45 8.77 345.26</u></div>
<div><u>Trenton 1.55 9.34 367.60 1.45 8.77 345.26</u></div>
<div><u>Winchester 2.00 9.79 385.32 1.80 9.12 359.04</u></div>
<div><u>North Gower 1.90 9.69 381.38 1.85 9.17 361.01</u></div>
<div><u>Vankleek Hil 2.19 9.98 392.80 1.56 8.88 349.59</u></div>
<div><u>Huron FOB 1.60 1.65 1.75 1.75 9.39 369.57 1.45 8.77 345.26</u></div>
<div><u>Kent FOB 1.80 9.59 377.44 1.55 8.87 349.20</u></div>
<div><u>Lamb FOB 1.83 9.62 378.62 1.63 8.95 352.35</u></div>
<div><u>Mdsx FOB 1.45 1.50 1.60N/A 9.24 363.66 1.55 8.87 349.20</u></div>
<div><u>FOB SW Que 2.91 10.70 421.14N/A</u></div>
<div><u>Track 2.17 9.96 392.01N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.86 9.18 361.40</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.23 9.55 375.97</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 9.32 366.91</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.30 9.62 378.72</u></div>
<div><u>W O Feed 2.26 10.05 395.45</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.42 10.21 401.85</u></div>
<div><u>Toledo El. -0.32 7.47 293.93 -0.32 7.00 275.52</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 8.87 349.20</u></div>
<div><u>Prescott 2.44 10.23 402.64 2.20 9.52 374.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 8.82</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2855 up 0.0053</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 17.10 3/4 NOV22 HI 15.26 3/4</u></div>
<div><u> LOW 16.83 1/4 LOW 15.06</u></div>
<div><u> CLOSE17.05 1/4 Up 14 3/4 CLOSE 15.21 3/4 Up 7 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 4.70 21.75 799.27 3.61 18.83 691.79</u></div>
<div><u>CK High 4.75 21.80 801.10 3.70 18.92 695.10</u></div>
<div><u>CK Average 4.73 -0.11 21.78 800.32 3.67 -0.52 18.89 694.10</u></div>
<div><u>Essex Cty 4.70 21.75 799.27 3.65 18.87 693.26</u></div>
<div><u>Mdsx Low 4.70 21.75 799.27 3.63 18.85 692.53</u></div>
<div><u>Mdsx High 4.77 21.82 801.84 3.70 18.92 695.10</u></div>
<div><u>Mdsx Average4.74 -0.10 21.79 800.74 3.66 -0.53 18.88 693.63</u></div>
<div><u>Hensall 4.75 21.80 801.10 3.72 18.93 695.71</u></div>
<div><u>Bruce 4.70 21.75 799.27 3.70 18.92 695.10</u></div>
<div><u>Putnam 4.75 21.80 801.10 3.75 18.97 696.94</u></div>
<div><u>Burford 4.79 21.84 802.57 3.65 18.87 693.26</u></div>
<div><u>Port Perry 4.68 21.73 798.53 3.54 18.76 689.22</u></div>
<div><u>Norfolk 4.70 21.75 799.27 3.70 18.92 695.10</u></div>
<div><u>Palmerston 4.87 21.92 805.51 3.84 19.06 700.24</u></div>
<div><u>Varna 4.75 21.80 801.10 3.70 18.92 695.10</u></div>
<div><u>Trenton 4.50 21.55 791.92 3.70 18.92 695.10</u></div>
<div><u>Winchester 4.46 21.51 790.45 3.72 18.94 695.83</u></div>
<div><u>North Gower 4.80 21.85 802.94 3.75 18.97 696.94</u></div>
<div><u>Vankleek Hil5.00 22.05 810.29 3.48 18.70 687.02</u></div>
<div><u>Huron FOB 4.80 4.91 4.98 5.08 21.85 802.94 3.72 18.94 695.83</u></div>
<div><u>Kent FOB 4.90 21.95 806.62 3.65 18.87 693.26</u></div>
<div><u>Lambton FOB 4.95 22.00 808.45 N/A</u></div>
<div><u>Mdsx FOB 4.94 5.00 5.06 N/A 21.99 808.09 3.86 19.08 700.98</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.67 22.72 834.91 4.12 19.34 710.53</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.35 22.40 823.15 4.30 19.52 717.15</u></div>
<div><u>Prescott N/A 4.10 19.32 709.80</u></div>
<div><u>Port Colborn N/A 3.99 19.21 705.75</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.06 17.12 628.93 -0.45 14.77 542.62</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2855 up 0.0053</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>JUL22 HI 12.08 SEP22 HI 12.13 3/4</u></div>
<div><u> LOW 11.68 LOW 11.74</u></div>
<div><u> CLOSE 11.68 3/4 Down 31 3/4 CLOSE 11.74 1/2 Down 31 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed sharply lower.</u></div>
<div><u>JUL22 HI 13.30 SEP22 HI 13.30</u></div>
<div><u> LOW 12.76 LOW 12.75 1/2</u></div>
<div><u> CLOSE 12.79 Down 51 1/2 CLOSE 12.78 3/4 Down 50 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 2.35 N/A</u></div>
<div><u>London 2.49 2.55 1.98 N/A 3.07 2.36 2.24 N/A</u></div>
<div><u>Hensall 2.35 N/A 2.25 N/A 3.35 N/A 2.35 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 2.20 N/A 3.25 2.65 2.35 1.60</u></div>
<div><u>Essex N/A N/A 2.15 N/A N/A N/A 2.30 N/A</u></div>
<div><u>Norwich 2.35 N/A 2.25 N/A 3.35 N/A 2.35 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 2.35 N/A 2.25 N/A 3.35 N/A 2.35 N/A</u></div>
<div><u>Chatham N/A N/A 2.15 N/A N/A N/A 2.30 N/A</u></div>
<div><u>Brigden N/A N/A 2.15 N/A N/A N/A 2.30 N/A</u></div>
<div><u>Palmerston N/A 2.58 2.13 2.88 N/A 2.98 2.27 N/A</u></div>
<div><u>Varna 2.45 2.95 2.20 N/A 3.25 2.70 2.35 N/A</u></div>
<div><u>Mitchell 2.35 2.80 2.25 N/A 3.35 2.65 2.35 N/A</u></div>
<div><u>Thornton 2.49 2.55 1.98 2.03 3.07 2.36 2.24 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 2.92</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.43 N/A N/A N/A 2.63 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 3.41 N/A N/A N/A 3.35 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 11.54US 14.83CA 11.54US 14.83CA</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 666.80</u></div>
<div><u>DDG's FOB Srn & Aylm 405.00 - 410.00</u></div>
<div><u><br>
</u></div>
<div><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: 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>
<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>
<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"">Tel. 519-674-1500 x 63577
<o:p> </o:p></span></p>
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<span style="font-size: 10pt; 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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