<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="elementToProof">
<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 23</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="elementToProof">
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.278 down 0.0075</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 7.88 DEC22 HI 7.40</u></div>
<div><u> LOW 7.74 1/2 LOW 7.29</u></div>
<div><u> CLOSE7.86 1/4 Up 7 1/2 CLOSE 7.39 Up 7</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 9.46 372.52 1.50 8.89 349.98</u></div>
<div><u>CK High 1.70 9.56 376.46 1.50 8.89 349.98</u></div>
<div><u>CK Avg 1.69 -0.39 9.55 375.90 1.50 -0.43 8.89 349.98</u></div>
<div><u>Essex Cty 1.70 9.56 376.46 1.50 8.89 349.98</u></div>
<div><u>Mdsx Low 1.60 9.46 372.52 1.50 8.89 349.98</u></div>
<div><u>Mdsx High 1.70 9.56 376.46 1.50 8.89 349.98</u></div>
<div><u>Mdsx Avg 1.63 -0.43 9.50 373.83 1.50 -0.43 8.89 349.98</u></div>
<div><u>Hensall 1.65 9.51 374.49 1.48 8.87 349.33</u></div>
<div><u>Bruce 1.70 9.56 376.46 1.50 8.89 349.98</u></div>
<div><u>Putnam 1.70 9.56 376.46 1.50 8.89 349.98</u></div>
<div><u>Burford 1.60 9.46 372.52 1.50 8.89 349.98</u></div>
<div><u>Port Perry 1.40 9.26 364.65 1.30 8.69 342.11</u></div>
<div><u>Norfolk 1.70 9.56 376.46 1.50 8.89 349.98</u></div>
<div><u>Palmerston 1.67 9.53 375.28 1.48 8.87 349.20</u></div>
<div><u>Varna 1.60 9.46 372.52 1.45 8.84 348.02</u></div>
<div><u>Belmore 1.60 9.46 372.52 1.45 8.84 348.02</u></div>
<div><u>Trenton 1.55 9.41 370.55 1.45 8.84 348.02</u></div>
<div><u>Winchester 2.00 9.86 388.27 1.80 9.19 361.79</u></div>
<div><u>North Gower 1.90 9.76 384.33 1.85 9.24 363.76</u></div>
<div><u>Vankleek Hil 2.16 10.02 394.57 1.54 8.93 351.56</u></div>
<div><u>Huron FOB 1.60 1.65 1.75 1.75 9.46 372.52 1.45 8.84 348.02</u></div>
<div><u>Kent FOB 1.80 9.66 380.40 1.55 8.94 351.95</u></div>
<div><u>Lamb FOB 1.83 9.69 381.58 1.63 9.02 355.10</u></div>
<div><u>Mdsx FOB 1.45 1.50 1.60N/A 9.31 366.62 1.55 8.94 351.95</u></div>
<div><u>FOB SW Que 3.04 10.90 429.21N/A</u></div>
<div><u>Track 2.13 9.99 393.19N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.86 9.25 364.16</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.23 9.62 378.72</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 9.39 369.67</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.30 9.69 381.48</u></div>
<div><u>W O Feed 2.21 10.07 396.54</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.38 10.24 403.23</u></div>
<div><u>Toledo El. -0.32 7.54 296.96 -0.32 7.07 278.35</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 8.94 351.95</u></div>
<div><u>Prescott 2.57 10.43 410.71 2.17 9.56 376.36</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 8.89</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.278 down 0.0075</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 17.20 NOV22 HI 15.34 3/4</u></div>
<div><u> LOW 16.85 LOW 15.12 3/4</u></div>
<div><u> CLOSE16.87 Down 18 1/4 CLOSE 15.18 3/4 Down 3</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 21.57 792.56 3.65 18.84 692.16</u></div>
<div><u>CK High 4.80 21.67 796.24 3.70 18.89 694.00</u></div>
<div><u>CK Average 4.74 0.04 21.61 793.87 3.68 -0.42 18.87 693.26</u></div>
<div><u>Essex Cty 4.70 21.57 792.56 3.65 18.84 692.16</u></div>
<div><u>Mdsx Low 4.70 21.57 792.56 3.65 18.84 692.16</u></div>
<div><u>Mdsx High 4.82 21.69 796.97 3.70 18.89 694.00</u></div>
<div><u>Mdsx Average4.76 0.05 21.63 794.64 3.68 -0.43 18.86 693.14</u></div>
<div><u>Hensall 4.75 21.62 794.40 3.72 18.90 694.61</u></div>
<div><u>Bruce 4.70 21.57 792.56 3.70 18.89 694.00</u></div>
<div><u>Putnam 4.75 21.62 794.40 3.75 18.94 695.83</u></div>
<div><u>Burford 4.88 21.75 799.18 3.74 18.93 695.47</u></div>
<div><u>Port Perry 4.73 21.60 793.66 3.59 18.78 689.96</u></div>
<div><u>Norfolk 4.70 21.57 792.56 3.70 18.89 694.00</u></div>
<div><u>Palmerston 4.69 21.56 792.19 3.72 18.91 694.73</u></div>
<div><u>Varna 4.75 21.62 794.40 3.70 18.89 694.00</u></div>
<div><u>Trenton 4.50 21.37 785.21 3.70 18.89 694.00</u></div>
<div><u>Winchester 4.46 21.33 783.74 3.72 18.91 694.73</u></div>
<div><u>North Gower 4.80 21.67 796.24 3.75 18.94 695.83</u></div>
<div><u>Vankleek Hil4.64 21.51 790.36 3.47 18.66 685.55</u></div>
<div><u>Huron FOB 4.80 4.91 4.98 5.08 21.67 796.24 3.72 18.91 694.73</u></div>
<div><u>Kent FOB 4.90 21.77 799.91 3.65 18.84 692.16</u></div>
<div><u>Lambton FOB 4.95 21.82 801.75 N/A</u></div>
<div><u>Mdsx FOB 4.98 5.05 5.11 N/A 21.85 802.85 3.91 19.10 701.71</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.55 22.42 823.79 4.05 19.24 706.86</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.35 22.22 816.45 4.30 19.49 716.04</u></div>
<div><u>Prescott N/A 4.45 19.64 721.55</u></div>
<div><u>Port Colborn N/A 4.04 19.23 706.49</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.19 17.06 626.91 -0.45 14.74 541.61</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.278 down 0.0075</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>JUL22 HI 11.96 3/4 SEP22 HI 12.02 1/2</u></div>
<div><u> LOW 11.74 3/4 LOW 11.80 3/4</u></div>
<div><u> CLOSE 11.90 Up 21 1/4 CLOSE 11.97 1/2 Up 23</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>JUL22 HI 13.05 SEP22 HI 13.05</u></div>
<div><u> LOW 12.79 1/2 LOW 12.79 1/4</u></div>
<div><u> CLOSE 12.98 1/2 Up 19 1/2 CLOSE 12.97 1/2 Up 18 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 2.35 N/A</u></div>
<div><u>London 2.49 2.55 1.98 N/A 3.06 2.35 2.23 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 2.55 2.10 2.84 N/A 2.95 2.25 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 2.05 3.06 2.35 2.23 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 2.89</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 2.62 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 3.40 N/A N/A N/A 3.33 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 11.75US 15.02CA 11.75US 15.01CA</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 658.64</u></div>
<div><u>DDG's FOB Srn & Aylm 375.00 - 385.00</u></div>
</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="elementToProof">
<u><br>
</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="elementToProof">
<u><br>
</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="elementToProof">
<u><br>
</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="elementToProof">
<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>
<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>
<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>
<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"">Fax. 519-674-1530<br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"><span style="color:#333333"> </span></span></span><span class="object"><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="color:#333333;background:#FDFDFD"> </span></span><span style="background:#FDFDFD"> to
unsubscribe from this report.</span><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario</span></span><o:p> </o:p></p>
<br>
</div>
<div>
<div id="Signature">
<div>
<div id="divtagdefaultwrapper" style="font-size:12pt; color:#000000; background-color:#FFFFFF; font-family:Calibri,Arial,Helvetica,sans-serif">
<p style="margin-top:0px; margin-bottom:0px"></p>
<p style="margin-top:0px; margin-bottom:0px"><br>
</p>
</div>
</div>
</div>
</div>
</body>
</html>