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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 26</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2782 down 0.0037</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 7.72 1/2 DEC22 HI 7.26 3/4</u></div>
<div><u> LOW 7.57 1/2 LOW 7.09 1/4</u></div>
<div><u> CLOSE7.65 Down 7 1/4 CLOSE 7.18 3/4 Down 4 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 1.60 9.25 364.16 1.50 8.69 342.01</u></div>
<div><u>CK High 1.70 9.35 368.09 1.50 8.69 342.01</u></div>
<div><u>CK Avg 1.69 -0.35 9.34 367.53 1.50 -0.39 8.69 342.01</u></div>
<div><u>Essex Cty 1.70 9.35 368.09 1.50 8.69 342.01</u></div>
<div><u>Mdsx Low 1.60 9.25 364.16 1.50 8.69 342.01</u></div>
<div><u>Mdsx High 1.70 9.35 368.09 1.50 8.69 342.01</u></div>
<div><u>Mdsx Avg 1.65 -0.37 9.30 366.12 1.50 -0.39 8.69 342.01</u></div>
<div><u>Hensall 1.68 9.33 367.44 1.52 8.70 342.67</u></div>
<div><u>Bruce 1.70 9.35 368.09 1.50 8.69 342.01</u></div>
<div><u>Putnam 1.70 9.35 368.09 1.50 8.69 342.01</u></div>
<div><u>Burford 1.60 9.25 364.16 1.50 8.69 342.01</u></div>
<div><u>Port Perry 1.50 9.15 360.22 1.30 8.49 334.14</u></div>
<div><u>Norfolk 1.70 9.35 368.09 1.50 8.69 342.01</u></div>
<div><u>Palmerston 1.61 9.26 364.55 1.42 8.61 338.86</u></div>
<div><u>Varna 1.65 9.30 366.12 1.50 8.69 342.01</u></div>
<div><u>Belmore 1.65 9.30 366.12 1.50 8.69 342.01</u></div>
<div><u>Trenton 1.55 9.20 362.19 1.50 8.69 342.01</u></div>
<div><u>Winchester 1.90 9.55 375.97 1.80 8.99 353.82</u></div>
<div><u>North Gower 2.00 9.65 379.90 1.80 8.99 353.82</u></div>
<div><u>Vankleek Hil 2.18 9.83 386.99 1.54 8.73 343.59</u></div>
<div><u>Huron FOB 1.65 1.70 1.69 1.74 9.30 366.12 1.50 8.69 342.01</u></div>
<div><u>Kent FOB 1.80 9.45 372.03 1.55 8.74 343.98</u></div>
<div><u>Lamb FOB 1.80 9.45 372.03 1.61 8.80 346.34</u></div>
<div><u>Mdsx FOB 1.45 1.50 1.60N/A 9.10 358.25 1.55 8.74 343.98</u></div>
<div><u>FOB SW Que 3.06 10.71 421.63N/A</u></div>
<div><u>Track 2.10 9.75 383.64N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.85 9.04 355.79</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.17 9.36 368.39</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 1.95 9.14 359.73</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.25 9.44 371.54</u></div>
<div><u>W O Feed 2.16 9.81 386.10</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.32 9.97 392.50</u></div>
<div><u>Toledo El. -0.32 7.33 288.59 -0.32 6.87 270.38</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 8.74 343.98</u></div>
<div><u>Prescott 2.56 10.21 401.95 2.17 9.36 368.39</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 8.68 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2782 down 0.0037</u></div>
<div><u>Chicago soybeans closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 17.37 NOV22 HI 15.49 3/4</u></div>
<div><u> LOW 16.67 1/4 LOW 15.02 1/4</u></div>
<div><u> CLOSE17.26 1/2 Up 45 1/2 CLOSE 15.44 3/4 Up 32</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 22.02 808.91 3.65 19.10 701.71</u></div>
<div><u>CK High 4.80 22.07 810.75 3.80 19.25 707.22</u></div>
<div><u>CK Average 4.76 -0.03 22.03 809.33 3.69 -0.48 19.13 703.08</u></div>
<div><u>Essex Cty 4.75 22.02 808.91 3.65 19.10 701.71</u></div>
<div><u>Mdsx Low 4.75 22.02 808.91 3.65 19.10 701.71</u></div>
<div><u>Mdsx High 4.80 22.07 810.75 3.70 19.15 703.55</u></div>
<div><u>Mdsx Average4.78 -0.02 22.05 810.14 3.68 -0.49 19.12 702.69</u></div>
<div><u>Hensall 4.82 22.08 811.36 3.73 19.18 704.77</u></div>
<div><u>Bruce 4.70 21.97 807.08 3.70 19.15 703.55</u></div>
<div><u>Putnam 4.75 22.02 808.91 3.70 19.15 703.55</u></div>
<div><u>Burford 4.86 22.13 812.95 3.74 19.19 705.02</u></div>
<div><u>Port Perry 4.71 21.98 807.44 3.59 19.04 699.51</u></div>
<div><u>Norfolk 4.75 22.02 808.91 3.70 19.15 703.55</u></div>
<div><u>Palmerston 4.79 22.06 810.38 3.78 19.23 706.49</u></div>
<div><u>Varna 4.85 22.12 812.59 3.75 19.20 705.39</u></div>
<div><u>Trenton 4.55 21.82 801.56 3.75 19.20 705.39</u></div>
<div><u>Winchester 4.75 22.02 808.91 3.80 19.25 707.22</u></div>
<div><u>North Gower 4.70 21.97 807.08 3.70 19.15 703.55</u></div>
<div><u>Vankleek Hil4.73 22.00 808.18 3.55 19.00 698.04</u></div>
<div><u>Huron FOB 4.92 4.97 5.03 5.03 22.19 815.16 3.73 19.18 704.65</u></div>
<div><u>Kent FOB 4.95 22.22 816.26 3.65 19.10 701.71</u></div>
<div><u>Lambton FOB 4.90 22.17 814.42 N/A</u></div>
<div><u>Mdsx FOB 4.96 5.03 5.09 N/A 22.23 816.63 3.91 19.36 711.27</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.67 22.94 842.72 4.12 19.57 718.98</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.40 22.67 832.80 4.35 19.80 727.43</u></div>
<div><u>Prescott N/A 4.18 19.63 721.19</u></div>
<div><u>Port Colborn N/A 4.04 19.49 716.04</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.32 17.58 646.12 -0.45 15.00 551.16</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2782 down 0.0037</u></div>
<div><u>Chicago wheat closed mixed.</u></div>
<div><u>JUL22 HI 11.60 1/4 SEP22 HI 11.68 3/4</u></div>
<div><u> LOW 11.15 LOW 11.23 1/2</u></div>
<div><u> CLOSE 11.43 1/4 Down 5 CLOSE 11.52 Down 4 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>JUL22 HI 13.00 SEP22 HI 12.98 3/4</u></div>
<div><u> LOW 12.56 1/4 LOW 12.55 3/4</u></div>
<div><u> CLOSE 12.92 1/4 Up 11 3/4 CLOSE 12.91 3/4 Up 11 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 2.37 2.43 1.98 N/A 2.92 2.47 2.08 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 2.10 N/A N/A N/A 2.25 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 2.10 N/A N/A N/A 2.25 N/A</u></div>
<div><u>Brigden N/A N/A 2.10 N/A N/A N/A 2.25 N/A</u></div>
<div><u>Palmerston N/A 2.40 1.96 2.81 N/A 2.94 2.37 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 2.37 2.43 1.98 1.78 2.92 2.47 2.08 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 2.82</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.44 N/A N/A N/A 2.48 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 3.30 N/A N/A N/A 3.20 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 11.28US 14.42CA 11.28US 14.42CA</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 670.44</u></div>
<div><u>DDG's FOB Srn & Aylm 375.00 - 385.00</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: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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