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<span class="elementToProof">Note: Some locations are now using the August future for their old crop soybean bids. Our report displays the July future as most are still using July for their basis values.</span></div>
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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, June 7</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2529 down 0.0051</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 7.65 DEC22 HI 7.20 1/4</u></div>
<div><u> LOW 7.35 LOW 6.96 3/4</u></div>
<div><u> CLOSE7.57 Up 14 1/2 CLOSE 7.14 Up 11 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+DEC22</u></div>
<div><u>CK Low 1.55 9.12 359.04 1.35 8.49 334.24</u></div>
<div><u>CK High 1.60 9.17 361.01 1.45 8.59 338.17</u></div>
<div><u>CK Avg 1.59 -0.26 9.16 360.44 1.41 -0.32 8.55 336.49</u></div>
<div><u>Essex Cty 1.60 9.17 361.01 1.35 8.49 334.24</u></div>
<div><u>Mdsx Low 1.55 9.12 359.04 1.40 8.54 336.20</u></div>
<div><u>Mdsx High 1.60 9.17 361.01 1.40 8.54 336.20</u></div>
<div><u>Mdsx Avg 1.58 -0.26 9.15 360.35 1.40 -0.32 8.54 336.20</u></div>
<div><u>Hensall 1.62 9.19 361.66 1.42 8.56 336.86</u></div>
<div><u>Bruce 1.60 9.17 361.01 1.40 8.54 336.20</u></div>
<div><u>Putnam 1.60 9.17 361.01 1.40 8.54 336.20</u></div>
<div><u>Burford 1.55 9.12 359.04 1.40 8.54 336.20</u></div>
<div><u>Port Perry 1.45 9.02 355.10 1.30 8.44 332.27</u></div>
<div><u>Norfolk 1.60 9.17 361.01 1.40 8.54 336.20</u></div>
<div><u>Palmerston 1.61 9.18 361.40 1.45 8.59 338.17</u></div>
<div><u>Varna 1.60 9.17 361.01 1.40 8.54 336.20</u></div>
<div><u>Belmore 1.60 9.17 361.01 1.35 8.49 334.24</u></div>
<div><u>Trenton 1.55 9.12 359.04 1.50 8.64 340.14</u></div>
<div><u>Winchester 1.90 9.47 372.82 1.80 8.94 351.95</u></div>
<div><u>North Gower 1.90 9.47 372.82 1.80 8.94 351.95</u></div>
<div><u>Vankleek Hil 2.15 9.72 382.66 1.55 8.69 342.11</u></div>
<div><u>Huron FOB 1.55 1.57 1.57 1.98 9.12 359.04 1.37 8.51 335.02</u></div>
<div><u>Kent FOB 1.65 9.22 362.98 1.40 8.54 336.20</u></div>
<div><u>Lamb FOB 1.46 9.03 355.50 1.39 8.53 335.81</u></div>
<div><u>Mdsx FOB 1.45 1.50 1.55N/A 9.02 355.10 1.40 8.54 336.20</u></div>
<div><u>FOB SW Que 3.36 10.93 430.30N/A</u></div>
<div><u>Track 1.95 9.52 374.79N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.65 8.79 346.05</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 2.15 9.29 365.73</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 1.85 8.99 353.92</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.15 9.29 365.73</u></div>
<div><u>W O Feed 2.03 9.60 377.84</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.11 9.68 381.08</u></div>
<div><u>Toledo El. -0.19 7.38 290.62 -0.31 6.83 268.76</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 8.69 342.11</u></div>
<div><u>Prescott 2.45 10.02 394.47 2.14 9.28 365.34</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 8.59</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2529 down 0.0051</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL22 HI 17.32 3/4 NOV22 HI 15.54</u></div>
<div><u> LOW 16.92 1/4 LOW 15.28 1/4</u></div>
<div><u> CLOSE17.28 1/4 Up 29 CLOSE 15.49 3/4 Up 16 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+SEP22+NOV22</u></div>
<div><u>CK Low 3.76 21.04 773.18 3.35 18.85 692.53</u></div>
<div><u>CK High 4.35 21.63 794.86 3.50 19.00 698.04</u></div>
<div><u>CK Average 4.23 -0.11 21.51 790.45 3.38 -0.43 18.87 693.47</u></div>
<div><u>Essex Cty 4.26 21.54 791.55 3.35 18.85 692.53</u></div>
<div><u>Mdsx Low 4.26 21.54 791.55 3.35 18.85 692.53</u></div>
<div><u>Mdsx High 4.30 21.58 793.02 3.40 18.90 694.36</u></div>
<div><u>Mdsx Average4.29 -0.07 21.57 792.53 3.37 -0.44 18.86 693.14</u></div>
<div><u>Hensall 4.35 21.63 794.86 3.40 18.90 694.36</u></div>
<div><u>Bruce 4.30 21.58 793.02 3.30 18.80 690.69</u></div>
<div><u>Putnam 4.35 21.63 794.86 3.40 18.90 694.36</u></div>
<div><u>Burford 4.36 21.64 795.23 3.46 18.96 696.57</u></div>
<div><u>Port Perry 4.21 21.49 789.71 3.31 18.81 691.06</u></div>
<div><u>Norfolk 4.26 21.54 791.55 3.40 18.90 694.36</u></div>
<div><u>Palmerston 4.31 21.59 793.39 3.30 18.80 690.69</u></div>
<div><u>Varna 4.35 21.63 794.86 3.40 18.90 694.36</u></div>
<div><u>Trenton N/A 3.50 19.00 698.04</u></div>
<div><u>Winchester 4.44 21.72 798.17 3.44 18.94 695.83</u></div>
<div><u>North Gower 4.40 21.68 796.70 3.50 19.00 698.04</u></div>
<div><u>Vankleek Hil4.38 21.66 795.96 3.39 18.89 694.00</u></div>
<div><u>Huron FOB 4.30 4.30 4.37 3.41 21.58 793.02 3.41 18.91 694.73</u></div>
<div><u>Kent FOB 4.29 21.57 792.65 3.35 18.85 692.53</u></div>
<div><u>Lambton FOB 4.50 21.78 800.37 N/A</u></div>
<div><u>Mdsx FOB 4.28 4.60 N/A N/A 21.56 792.29 3.75 19.25 707.22</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.84 22.12 812.86 3.75 19.25 707.22</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.76 22.04 809.92 4.05 19.55 718.25</u></div>
<div><u>Prescott N/A 3.90 19.40 712.74</u></div>
<div><u>Port Colborn N/A 4.19 19.69 723.39</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.31 17.60 646.53 -0.44 15.06 553.32</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2529 down 0.0051</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>JUL22 HI 11.01 SEP22 HI 11.12</u></div>
<div><u> LOW 10.58 1/2 LOW 10.71 1/4</u></div>
<div><u> CLOSE 10.71 3/4 Down 21 1/4 CLOSE 10.84 1/2 Down 20</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL22 HI 12.42 1/4 SEP22 HI 12.41 1/2</u></div>
<div><u> LOW 12.15 3/4 LOW 12.15 3/4</u></div>
<div><u> CLOSE 12.27 1/4 Down 3 1/4 CLOSE 12.24 3/4 Down 5 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 1.90 N/A</u></div>
<div><u>London 2.00 2.57 2.00 N/A 2.82 2.12 1.81 N/A</u></div>
<div><u>Hensall 1.75 N/A 1.75 N/A 2.90 N/A 1.90 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 2.15 N/A</u></div>
<div><u>Bruce 1.75 2.25 1.75 N/A 2.80 2.25 1.90 1.30</u></div>
<div><u>Essex N/A N/A 1.75 N/A N/A N/A 1.90 N/A</u></div>
<div><u>Norwich 1.75 N/A 1.75 N/A 2.90 N/A 1.90 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 1.90 N/A</u></div>
<div><u>Kent Bridge 1.75 N/A 1.75 N/A 2.90 N/A 1.90 N/A</u></div>
<div><u>Chatham N/A N/A 1.75 N/A N/A N/A 1.90 N/A</u></div>
<div><u>Brigden N/A N/A 1.75 N/A N/A N/A 1.90 N/A</u></div>
<div><u>Palmerston N/A 2.46 1.89 2.35 N/A 2.49 2.05 N/A</u></div>
<div><u>Varna 2.00 2.50 1.75 N/A 2.80 2.25 1.90 N/A</u></div>
<div><u>Mitchell 1.75 2.45 1.75 N/A 2.90 2.25 1.90 N/A</u></div>
<div><u>Thornton 2.00 2.57 2.00 1.46 2.82 2.12 1.81 N/A</u></div>
<div><u>North Gower N/A N/A N/A N/A N/A N/A 2.05 N/A</u></div>
<div><u>W O Feed 2.36</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.33 N/A N/A N/A 2.20 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.87 N/A N/A N/A 2.74 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 10.57US 13.24CA 10.57US 13.24CA</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 642.00</u></div>
<div><u>DDG's FOB Srn & Aylm 375.00 - 380.00</u></div>
<div><u><br>
</u></div>
<div><br>
</div>
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</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>
<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>
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<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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