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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 1</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 1.263 down 0.0015</u></div>
<div><u>Chicago corn closed lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 7.56 1/4 DEC22 HI 7.16</u></div>
<div><u> LOW 7.20 1/2 LOW 6.82</u></div>
<div><u> CLOSE7.31 1/4 Down 22 1/4 CLOSE 6.91 1/2 Down 20</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+DEC22</u></div>
<div><u>CK Low 1.55 8.86 348.90 1.40 8.32 327.35</u></div>
<div><u>CK High 1.65 8.96 352.84 1.45 8.37 329.32</u></div>
<div><u>CK Avg 1.61 -0.25 8.92 351.15 1.43 -0.31 8.34 328.47</u></div>
<div><u>Essex Cty 1.60 8.91 350.87 1.40 8.32 327.35</u></div>
<div><u>Mdsx Low 1.60 8.91 350.87 1.40 8.32 327.35</u></div>
<div><u>Mdsx High 1.60 8.91 350.87 1.45 8.37 329.32</u></div>
<div><u>Mdsx Avg 1.60 -0.26 8.91 350.87 1.43 -0.31 8.34 328.33</u></div>
<div><u>Hensall 1.65 8.96 352.84 1.47 8.38 329.97</u></div>
<div><u>Bruce 1.65 8.96 352.84 1.45 8.37 329.32</u></div>
<div><u>Putnam 1.65 8.96 352.84 1.45 8.37 329.32</u></div>
<div><u>Burford 1.60 8.91 350.87 1.45 8.37 329.32</u></div>
<div><u>Port Perry 1.50 8.81 346.93 1.30 8.22 323.41</u></div>
<div><u>Norfolk 1.60 8.91 350.87 1.40 8.32 327.35</u></div>
<div><u>Palmerston 1.42 8.73 343.78 1.25 8.17 321.44</u></div>
<div><u>Varna 1.60 8.91 350.87 1.45 8.37 329.32</u></div>
<div><u>Belmore 1.60 8.91 350.87 1.45 8.37 329.32</u></div>
<div><u>Trenton 1.55 8.86 348.90 1.50 8.42 331.28</u></div>
<div><u>Winchester 1.90 9.21 362.68 1.80 8.72 343.09</u></div>
<div><u>North Gower 2.00 9.31 366.62 1.80 8.72 343.09</u></div>
<div><u>Vankleek Hil 2.13 9.44 371.73 1.51 8.43 331.68</u></div>
<div><u>Huron FOB 1.57 1.62 1.62 2.16 8.88 349.69 1.43 8.35 328.53</u></div>
<div><u>Kent FOB 1.70 9.01 354.81 1.45 8.37 329.32</u></div>
<div><u>Lamb FOB 1.56 8.87 349.29 1.49 8.41 330.89</u></div>
<div><u>Mdsx FOB 1.50 1.60N/A N/A 8.81 346.93 1.45 8.37 329.32</u></div>
<div><u>FOB SW Que 3.40 10.71 421.73N/A</u></div>
<div><u>Track 1.91 9.22 363.07N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.71 8.63 339.55</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.21 9.13 359.24</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 2.55 1.85 8.77 345.06</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.20 9.12 358.84</u></div>
<div><u>W O Feed 1.97 9.28 365.24</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.11 9.42 370.95</u></div>
<div><u>Toledo El. -0.19 7.12 280.42 -0.32 6.60 259.80</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 8.47 333.25</u></div>
<div><u>Prescott 2.33 9.64 379.61 2.10 9.02 354.90</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 8.36 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 1.263 down 0.0015</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 17.06 1/2 NOV22 HI 15.34 1/2</u></div>
<div><u> LOW 16.75 1/4 LOW 15.03 1/4</u></div>
<div><u> CLOSE16.90 1/4 Up 7 CLOSE 15.15 1/4 Up 5 3/4</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+SEP22+NOV22</u></div>
<div><u>CK Low 4.20 21.10 775.38 3.39 18.54 681.32</u></div>
<div><u>CK High 4.60 21.50 790.08 3.50 18.65 685.36</u></div>
<div><u>CK Average 4.52 0.06 21.43 787.30 3.41 -0.45 18.57 682.16</u></div>
<div><u>Essex Cty 4.60 21.50 790.08 3.40 18.55 681.69</u></div>
<div><u>Mdsx Low 4.50 21.40 786.41 3.40 18.55 681.69</u></div>
<div><u>Mdsx High 4.60 21.50 790.08 3.41 18.56 682.06</u></div>
<div><u>Mdsx Average4.56 0.09 21.47 788.73 3.40 -0.46 18.56 681.81</u></div>
<div><u>Hensall 4.55 21.45 788.24 3.42 18.57 682.30</u></div>
<div><u>Bruce 4.55 21.45 788.24 3.40 18.55 681.69</u></div>
<div><u>Putnam 4.55 21.45 788.24 3.45 18.60 683.52</u></div>
<div><u>Burford 4.65 21.55 791.92 3.47 18.62 684.26</u></div>
<div><u>Port Perry 4.50 21.40 786.41 3.32 18.47 678.75</u></div>
<div><u>Norfolk 4.60 21.50 790.08 3.45 18.60 683.52</u></div>
<div><u>Palmerston 4.57 21.47 788.98 3.43 18.58 682.79</u></div>
<div><u>Varna 4.55 21.45 788.24 3.40 18.55 681.69</u></div>
<div><u>Trenton N/A 3.55 18.70 687.20</u></div>
<div><u>Winchester 4.25 21.15 777.22 3.50 18.65 685.36</u></div>
<div><u>North Gower 4.70 21.60 793.76 3.70 18.85 692.71</u></div>
<div><u>Vankleek Hil4.42 21.32 783.47 3.40 18.55 681.69</u></div>
<div><u>Huron FOB 4.68 4.70 4.70 3.48 21.58 793.02 3.48 18.63 684.63</u></div>
<div><u>Kent FOB 4.80 21.70 797.43 3.40 18.55 681.69</u></div>
<div><u>Lambton FOB 4.81 21.71 797.80 N/A</u></div>
<div><u>Mdsx FOB 4.82 4.89 N/A N/A 21.72 798.17 3.68 18.83 691.98</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.06 21.96 806.98 3.84 18.99 697.85</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.25 22.15 813.97 4.05 19.20 705.57</u></div>
<div><u>Prescott N/A 3.92 19.07 700.79</u></div>
<div><u>Port Colborn N/A 3.75 18.90 694.55</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.32 17.22 632.66 -0.44 14.71 540.52</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.263 down 0.0015</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>JUL22 HI 10.98 SEP22 HI 11.06 3/4</u></div>
<div><u> LOW 10.27 1/4 LOW 10.37 1/2</u></div>
<div><u> CLOSE 10.41 1/4 Down 46 1/4 CLOSE 10.52 1/4 Down 45 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed sharply lower.</u></div>
<div><u>JUL22 HI 12.60 1/2 SEP22 HI 12.60 1/2</u></div>
<div><u> LOW 11.90 LOW 11.90</u></div>
<div><u> CLOSE 11.97 Down 50 1/2 CLOSE 11.97 1/4 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 2.25 N/A</u></div>
<div><u>London 2.04 2.35 1.79 N/A 2.56 2.37 1.87 N/A</u></div>
<div><u>Hensall 2.00 N/A 2.00 N/A 3.15 N/A 2.15 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 2.20 N/A</u></div>
<div><u>Bruce 1.90 2.40 1.90 N/A 2.95 2.40 2.05 1.40</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 2.00 N/A 2.00 N/A 3.15 N/A 2.15 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 2.15 N/A</u></div>
<div><u>Kent Bridge 2.00 N/A 2.00 N/A 3.15 N/A 2.15 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 1.98 1.54 2.38 N/A 2.50 1.99 N/A</u></div>
<div><u>Varna 2.20 2.70 1.95 N/A 2.95 2.40 2.05 N/A</u></div>
<div><u>Mitchell 2.00 2.70 2.00 N/A 3.15 2.50 2.15 N/A</u></div>
<div><u>Thornton 2.04 2.35 1.79 1.36 2.56 2.37 1.87 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 2.34</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.24 N/A N/A N/A 2.26 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.88 N/A N/A N/A 2.77 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 10.26US 12.96CA 10.26US 12.96CA</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 655.56</u></div>
<div><u>DDG's FOB Srn & Aylm 375.00 - 380.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><o:p style="color: inherit; font-family: "Courier New"; font-size: 10pt; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"> </o:p><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"">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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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