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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 24</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2826 up 0.0046</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 7.87 DEC22 HI 7.37 3/4</u></div>
<div><u> LOW 7.62 LOW 7.14 1/4</u></div>
<div><u> CLOSE7.71 3/4 Down 14 1/2 CLOSE 7.25 1/4 Down 13 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 1.60 9.32 366.81 1.50 8.75 344.57</u></div>
<div><u>CK High 1.70 9.42 370.75 1.50 8.75 344.57</u></div>
<div><u>CK Avg 1.69 -0.39 9.40 370.19 1.50 -0.43 8.75 344.57</u></div>
<div><u>Essex Cty 1.70 9.42 370.75 1.50 8.75 344.57</u></div>
<div><u>Mdsx Low 1.60 9.32 366.81 1.50 8.75 344.57</u></div>
<div><u>Mdsx High 1.70 9.42 370.75 1.50 8.75 344.57</u></div>
<div><u>Mdsx Avg 1.63 -0.43 9.35 368.13 1.50 -0.43 8.75 344.57</u></div>
<div><u>Hensall 1.67 9.38 369.44 1.50 8.75 344.57</u></div>
<div><u>Bruce 1.70 9.42 370.75 1.50 8.75 344.57</u></div>
<div><u>Putnam 1.70 9.42 370.75 1.50 8.75 344.57</u></div>
<div><u>Burford 1.60 9.32 366.81 1.50 8.75 344.57</u></div>
<div><u>Port Perry 1.40 9.12 358.94 1.30 8.55 336.70</u></div>
<div><u>Norfolk 1.70 9.42 370.75 1.50 8.75 344.57</u></div>
<div><u>Palmerston 1.67 9.39 369.57 1.47 8.72 343.39</u></div>
<div><u>Varna 1.65 9.37 368.78 1.50 8.75 344.57</u></div>
<div><u>Belmore 1.65 9.37 368.78 1.50 8.75 344.57</u></div>
<div><u>Trenton 1.55 9.27 364.85 1.45 8.70 342.60</u></div>
<div><u>Winchester 2.00 9.72 382.56 1.80 9.05 356.38</u></div>
<div><u>North Gower 1.90 9.62 378.62 1.85 9.10 358.35</u></div>
<div><u>Vankleek Hil 2.16 9.88 388.86 1.54 8.79 346.15</u></div>
<div><u>Huron FOB 1.65 1.70 1.70 1.75 9.37 368.78 1.50 8.75 344.57</u></div>
<div><u>Kent FOB 1.80 9.52 374.69 1.55 8.80 346.54</u></div>
<div><u>Lamb FOB 1.80 9.52 374.69 1.63 8.88 349.69</u></div>
<div><u>Mdsx FOB 1.45 1.50 1.60N/A 9.17 360.91 1.55 8.80 346.54</u></div>
<div><u>FOB SW Que 2.87 10.59 416.81N/A</u></div>
<div><u>Track 2.11 9.82 386.69N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.86 9.11 358.74</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.23 9.48 373.31</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 9.25 364.25</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.30 9.55 376.07</u></div>
<div><u>W O Feed 2.19 9.91 390.04</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.36 10.08 396.73</u></div>
<div><u>Toledo El. -0.32 7.40 291.20 -0.32 6.93 272.89</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 8.80 346.54</u></div>
<div><u>Prescott 2.57 10.29 405.00 2.17 9.42 370.95</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 8.75 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 1.2826 up 0.0046</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 16.96 3/4 NOV22 HI 15.22 1/2</u></div>
<div><u> LOW 16.73 1/2 LOW 15.07 1/2</u></div>
<div><u> CLOSE16.93 Up 6 CLOSE 15.17 1/2 Down 1 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 21.63 794.77 3.63 18.81 690.97</u></div>
<div><u>CK High 4.75 21.68 796.60 3.75 18.93 695.37</u></div>
<div><u>CK Average 4.73 -0.04 21.66 795.82 3.68 -0.47 18.86 692.91</u></div>
<div><u>Essex Cty 4.70 21.63 794.77 3.65 18.83 691.70</u></div>
<div><u>Mdsx Low 4.70 21.63 794.77 3.65 18.83 691.70</u></div>
<div><u>Mdsx High 4.77 21.70 797.34 3.70 18.88 693.54</u></div>
<div><u>Mdsx Average4.74 -0.03 21.67 796.24 3.67 -0.49 18.84 692.31</u></div>
<div><u>Hensall 4.75 21.68 796.60 3.72 18.89 694.15</u></div>
<div><u>Bruce 4.70 21.63 794.77 3.70 18.88 693.54</u></div>
<div><u>Putnam 4.75 21.68 796.60 3.75 18.93 695.37</u></div>
<div><u>Burford 4.83 21.76 799.54 3.71 18.89 693.90</u></div>
<div><u>Port Perry 4.68 21.61 794.03 3.56 18.74 688.39</u></div>
<div><u>Norfolk 4.70 21.63 794.77 3.70 18.88 693.54</u></div>
<div><u>Palmerston 4.79 21.72 798.07 3.78 18.96 696.48</u></div>
<div><u>Varna 4.75 21.68 796.60 3.70 18.88 693.54</u></div>
<div><u>Trenton 4.50 21.43 787.42 3.75 18.93 695.37</u></div>
<div><u>Winchester 4.48 21.41 786.68 3.76 18.94 695.74</u></div>
<div><u>North Gower 4.80 21.73 798.44 3.75 18.93 695.37</u></div>
<div><u>Vankleek Hil4.64 21.57 792.56 3.47 18.65 685.09</u></div>
<div><u>Huron FOB 4.73 4.85 4.91 5.00 21.66 795.87 3.69 18.87 693.17</u></div>
<div><u>Kent FOB 4.90 21.83 802.12 3.65 18.83 691.70</u></div>
<div><u>Lambton FOB 4.95 21.88 803.95 N/A</u></div>
<div><u>Mdsx FOB 4.94 5.00 5.06 N/A 21.87 803.58 3.88 19.06 700.15</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.63 22.56 828.94 4.10 19.28 708.24</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.35 22.28 818.65 4.30 19.48 715.58</u></div>
<div><u>Prescott N/A 4.45 19.63 721.10</u></div>
<div><u>Port Colborn N/A 4.02 19.20 705.30</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.19 17.12 629.14 -0.45 14.73 541.09</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2826 up 0.0046</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>JUL22 HI 12.08 3/4 SEP22 HI 12.16</u></div>
<div><u> LOW 11.38 LOW 11.46 3/4</u></div>
<div><u> CLOSE 11.54 3/4 Down 35 1/4 CLOSE 11.63 1/4 Down 34 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>JUL22 HI 13.21 3/4 SEP22 HI 13.19 3/4</u></div>
<div><u> LOW 12.53 LOW 12.53</u></div>
<div><u> CLOSE 12.77 1/4 Down 21 1/4 CLOSE 12.77 Down 20 1/2</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 2.53 2.59 2.15 N/A 3.09 2.64 2.26 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 2.20 N/A N/A N/A 2.35 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 2.20 N/A N/A N/A 2.35 N/A</u></div>
<div><u>Brigden N/A N/A 2.20 N/A N/A N/A 2.35 N/A</u></div>
<div><u>Palmerston N/A 2.51 2.06 2.84 N/A 2.92 2.21 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 2.53 2.59 2.15 2.21 3.09 2.64 2.26 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 2.84</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.60 N/A N/A N/A 2.65 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 3.38 N/A N/A N/A 3.29 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 11.40US 14.62CA 11.39US 14.61CA</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 669.22</u></div>
<div><u>DDG's FOB Srn & Aylm 375.00 - 385.00</u></div>
<div><u><br>
</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:10.0pt;font-family:"Courier New"">Blair Andrews<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"">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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