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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 31</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2645 down 0.0015</u></div>
<div><u>Chicago corn closed lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 7.77 1/4 DEC22 HI 7.29 3/4</u></div>
<div><u> LOW 7.47 1/4 LOW 7.07</u></div>
<div><u> CLOSE7.53 1/2 Down 23 3/4 CLOSE 7.11 1/2 Down 18 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 1.55 9.09 357.66 1.45 8.57 337.19</u></div>
<div><u>CK High 1.70 9.24 363.57 1.50 8.62 339.16</u></div>
<div><u>CK Avg 1.64 -0.28 9.17 361.04 1.48 -0.32 8.59 338.31</u></div>
<div><u>Essex Cty 1.65 9.19 361.60 1.45 8.57 337.19</u></div>
<div><u>Mdsx Low 1.60 9.14 359.63 1.45 8.57 337.19</u></div>
<div><u>Mdsx High 1.65 9.19 361.60 1.50 8.62 339.16</u></div>
<div><u>Mdsx Avg 1.62 -0.30 9.15 360.29 1.48 -0.32 8.59 338.17</u></div>
<div><u>Hensall 1.67 9.20 362.25 1.52 8.63 339.81</u></div>
<div><u>Bruce 1.65 9.19 361.60 1.50 8.62 339.16</u></div>
<div><u>Putnam 1.65 9.19 361.60 1.50 8.62 339.16</u></div>
<div><u>Burford 1.60 9.14 359.63 1.45 8.57 337.19</u></div>
<div><u>Port Perry 1.50 9.04 355.69 1.30 8.42 331.28</u></div>
<div><u>Norfolk 1.65 9.19 361.60 1.45 8.57 337.19</u></div>
<div><u>Palmerston 1.49 9.03 355.30 1.30 8.42 331.28</u></div>
<div><u>Varna 1.65 9.19 361.60 1.50 8.62 339.16</u></div>
<div><u>Belmore 1.65 9.19 361.60 1.50 8.62 339.16</u></div>
<div><u>Trenton 1.55 9.09 357.66 1.50 8.62 339.16</u></div>
<div><u>Winchester 1.90 9.44 371.44 1.80 8.92 350.97</u></div>
<div><u>North Gower 2.00 9.54 375.38 1.80 8.92 350.97</u></div>
<div><u>Vankleek Hil 2.17 9.71 382.07 1.56 8.68 341.52</u></div>
<div><u>Huron FOB 1.60 1.60 1.62 1.67 9.14 359.63 1.45 8.57 337.19</u></div>
<div><u>Kent FOB 1.75 9.29 365.53 1.50 8.62 339.16</u></div>
<div><u>Lamb FOB 1.68 9.22 362.78 1.57 8.69 341.91</u></div>
<div><u>Mdsx FOB 1.45 1.55 1.65N/A 8.99 353.72 1.50 8.62 339.16</u></div>
<div><u>FOB SW Que 3.40 10.94 430.49N/A</u></div>
<div><u>Track 1.96 9.50 373.80N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.81 8.93 351.36</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.31 9.43 371.05</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 9.07 356.87</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.25 9.37 368.68</u></div>
<div><u>W O Feed 2.02 9.55 375.97</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.16 9.70 381.68</u></div>
<div><u>Toledo El. -0.19 7.35 289.17 -0.32 6.80 267.66</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 8.67 341.13</u></div>
<div><u>Prescott 2.37 9.91 389.94 2.14 9.26 364.35</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 8.61 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2645 down 0.0015</u></div>
<div><u>Chicago soybeans closed moderately lower to lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 17.49 1/4 NOV22 HI 15.60 1/2</u></div>
<div><u> LOW 16.73 3/4 LOW 15.06 1/2</u></div>
<div><u> CLOSE16.83 1/4 Down 49 CLOSE 15.09 1/2 Down 34 1/2</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 4.40 21.23 780.16 3.40 18.50 679.57</u></div>
<div><u>CK High 4.75 21.58 793.02 3.65 18.75 688.76</u></div>
<div><u>CK Average 4.59 0.11 21.42 787.04 3.49 -0.39 18.59 682.99</u></div>
<div><u>Essex Cty 4.60 21.43 787.51 3.40 18.50 679.57</u></div>
<div><u>Mdsx Low 4.60 21.43 787.51 3.40 18.50 679.57</u></div>
<div><u>Mdsx High 4.75 21.58 793.02 3.70 18.80 690.60</u></div>
<div><u>Mdsx Average4.68 0.18 21.51 790.33 3.56 -0.34 18.65 685.33</u></div>
<div><u>Hensall 4.68 21.52 790.57 3.55 18.65 685.09</u></div>
<div><u>Bruce 4.55 21.38 785.67 3.40 18.50 679.57</u></div>
<div><u>Putnam 4.55 21.38 785.67 3.45 18.55 681.41</u></div>
<div><u>Burford 4.74 21.57 792.65 3.63 18.73 688.03</u></div>
<div><u>Port Perry 4.59 21.42 787.14 3.48 18.58 682.51</u></div>
<div><u>Norfolk 4.60 21.43 787.51 3.45 18.55 681.41</u></div>
<div><u>Palmerston 4.58 21.41 786.77 3.49 18.59 682.88</u></div>
<div><u>Varna 4.75 21.58 793.02 3.60 18.70 686.92</u></div>
<div><u>Trenton 4.40 21.23 780.16 3.65 18.75 688.76</u></div>
<div><u>Winchester 4.39 21.22 779.79 3.64 18.74 688.39</u></div>
<div><u>North Gower 4.70 21.53 791.18 3.70 18.80 690.60</u></div>
<div><u>Vankleek Hil4.39 21.22 779.79 3.37 18.47 678.47</u></div>
<div><u>Huron FOB 4.75 4.75 4.81 4.82 21.58 793.02 3.54 18.64 684.72</u></div>
<div><u>Kent FOB 4.80 21.63 794.86 3.40 18.50 679.57</u></div>
<div><u>Lambton FOB 4.90 21.73 798.53 N/A</u></div>
<div><u>Mdsx FOB 4.84 5.03 5.10 N/A 21.67 796.33 3.84 18.94 695.74</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.27 22.10 812.13 3.81 18.91 694.64</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.25 22.08 811.39 4.05 19.15 703.46</u></div>
<div><u>Prescott N/A 3.89 18.99 697.58</u></div>
<div><u>Port Colborn N/A 3.91 19.01 698.31</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.32 17.15 630.10 -0.44 14.65 538.38</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2645 down 0.0015</u></div>
<div><u>Chicago wheat closed sharply lower to limit down.</u></div>
<div><u>JUL22 HI 11.57 1/4 SEP22 HI 11.65 1/4</u></div>
<div><u> LOW 10.87 1/2 LOW 10.96 1/4</u></div>
<div><u> CLOSE 10.87 1/2 Down 70 CLOSE 10.97 1/2 Down 68 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed sharply lower.</u></div>
<div><u>JUL22 HI 13.10 SEP22 HI 13.10</u></div>
<div><u> LOW 12.45 1/4 LOW 12.45 1/4</u></div>
<div><u> CLOSE 12.47 1/2 Down 57 1/4 CLOSE 12.47 1/2 Down 57 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 2.25 N/A</u></div>
<div><u>London 2.19 2.51 1.94 N/A 2.73 2.54 2.03 N/A</u></div>
<div><u>Hensall 2.10 N/A 2.10 N/A 3.25 N/A 2.25 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 2.00 N/A 3.15 2.65 2.15 1.60</u></div>
<div><u>Essex N/A N/A 1.80 N/A N/A N/A 1.95 N/A</u></div>
<div><u>Norwich 2.10 N/A 2.10 N/A 3.25 N/A 2.25 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 2.25 N/A</u></div>
<div><u>Kent Bridge 2.10 N/A 2.10 N/A 3.25 N/A 2.25 N/A</u></div>
<div><u>Chatham N/A N/A 1.80 N/A N/A N/A 1.95 N/A</u></div>
<div><u>Brigden N/A N/A 1.80 N/A N/A N/A 1.95 N/A</u></div>
<div><u>Palmerston N/A 2.11 1.67 2.54 N/A 2.62 2.11 N/A</u></div>
<div><u>Varna 2.25 2.75 2.00 N/A 3.05 2.50 2.15 N/A</u></div>
<div><u>Mitchell 2.10 2.80 2.10 N/A 3.25 2.60 2.25 N/A</u></div>
<div><u>Thornton 2.19 2.51 1.94 1.48 2.73 2.54 2.03 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 2.52</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.39 N/A N/A N/A 2.42 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 3.00 N/A N/A N/A 2.90 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 10.73US 13.56CA 10.73US 13.56CA</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 657.87</u></div>
<div><u>DDG's FOB Srn & Aylm 375.00 - 380.00</u></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>
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<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
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<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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