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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 30</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3597 up 0.0017</u></div>
<div class="ContentPasted0"><u>Chicago corn closed moderately lower.</u></div>
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<div class="ContentPasted0"><u>      JUL23   HI 6.05                         DEC23    HI 5.36  1/4</u></div>
<div class="ContentPasted0"><u>             LOW 5.91  1/2                            LOW 5.17  1/4</u></div>
<div class="ContentPasted0"><u>            CLOSE5.94   Down 10                     CLOSE 5.25  1/4  Down 9 1/4</u></div>
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<div class="ContentPasted0"><u>            OLD CROP BASIS                          NEW CROP BASIS</u></div>
<div class="ContentPasted0"><u>Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +JUL23+JUL23+JUL23</u></div>
<div class="ContentPasted0"><u>CK Low       1.00                        6.94 273.22  1.05         6.30 248.12</u></div>
<div class="ContentPasted0"><u>CK High      1.00                        6.94 273.22  1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>CK Avg       1.00                  -0.84 6.94 273.22  1.13 -0.56   6.38 251.21</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.00                        6.94 273.22  1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.00                        6.94 273.22  1.10         6.35 250.09</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.00                        6.94 273.22  1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.00                  -0.84 6.94 273.22  1.13 -0.56   6.39 251.40</u></div>
<div class="ContentPasted0"><u>Hensall      1.02                        6.96 273.87  1.17         6.42 252.71</u></div>
<div class="ContentPasted0"><u>Bruce        0.95                        6.89 271.25  1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Putnam       1.00                        6.94 273.22  1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Burford      0.95                        6.89 271.25  1.10         6.35 250.09</u></div>
<div class="ContentPasted0"><u>Port Perry   0.80                        6.74 265.34  0.95         6.20 244.18</u></div>
<div class="ContentPasted0"><u>Norfolk      1.00                        6.94 273.22  1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Palmerston   0.95                        6.89 271.25  1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Varna        1.00                        6.94 273.22  1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Belmore      1.00                        6.94 273.22  1.05         6.30 248.12</u></div>
<div class="ContentPasted0"><u>Trenton      0.90                        6.84 269.28  1.00         6.25 246.15</u></div>
<div class="ContentPasted0"><u>Winchester   0.90                        6.84 269.28  1.20         6.45 254.02</u></div>
<div class="ContentPasted0"><u>North Gower  0.95                        6.89 271.25  1.00         6.25 246.15</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 0.39                        6.33 249.20  1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Huron FOB   N/A    0.97  1.17  1.25                 N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    N/A                                       1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Lamb FOB     0.95                        6.89 271.25N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     0.95  1.00  1.05N/A         6.89 271.25  1.15         6.40 252.06</u></div>
<div class="ContentPasted0"><u>FOB SW Que   0.94                        6.88 270.85N/A</u></div>
<div class="ContentPasted0"><u>Track        1.52                        7.46 293.59N/A</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Chat-Eth    N/A  N/A   N/A   N/A                      N/A</u></div>
<div class="ContentPasted0"><u>Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Aylmer-Eth  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Sarn-Eth    N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>London-Ing  N/A  N/A   N/A   N/A                      1.65         6.90 271.74</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>W O Feed     1.54                        7.48 294.34</u></div>
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<div class="ContentPasted0"><u>US Rep       2.29                        8.23 324.00</u></div>
<div class="ContentPasted0"><u>Toledo El.   0.00                        5.94 233.85 -0.41         4.84 190.72</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.40         6.65 261.90</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.73         6.98 274.89</u></div>
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<div class="ContentPasted0"><u>HI SD CRN                                             1.15         6.40 1/4</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3597 up 0.0017</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed moderately lower to lower.</u></div>
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<div class="ContentPasted0"><u>      AUG23   HI 12.61  1/4              NOV23     HI 11.91  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 12.16  1/2                       LOW 11.51</u></div>
<div class="ContentPasted0"><u>            CLOSE12.19  1/2  Down 41 1/2        CLOSE 11.53  1/4  Down 36 1/4</u></div>
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<div class="ContentPasted0"><u>            OLD CROP                                  NEW CROP</u></div>
<div class="ContentPasted0"><u>Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +AUG23+AUG23+AUG23</u></div>
<div class="ContentPasted0"><u>CK Low      4.79                         16.99 624.09  2.90        14.43 530.30</u></div>
<div class="ContentPasted0"><u>CK High     5.12                         17.32 636.22  3.00        14.53 533.98</u></div>
<div class="ContentPasted0"><u>CK Average  4.88                    0.36 17.08 627.40  2.94 -0.89  14.47 531.83</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.85                         17.05 626.30  2.95        14.48 532.14</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.77                         16.97 623.36  2.85        14.38 528.47</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.85                         17.05 626.30  2.92        14.45 531.04</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.82                    0.32 17.01 625.10  2.89 -0.92  14.43 530.03</u></div>
<div class="ContentPasted0"><u>Hensall     4.82                         17.01 625.07  2.90        14.43 530.30</u></div>
<div class="ContentPasted0"><u>Bruce       4.80                         17.00 624.46  2.90        14.43 530.30</u></div>
<div class="ContentPasted0"><u>Putnam      4.85                         17.05 626.30  2.90        14.43 530.30</u></div>
<div class="ContentPasted0"><u>Burford     4.87                         17.07 627.03  3.02        14.55 534.71</u></div>
<div class="ContentPasted0"><u>Port Perry  4.71                         16.91 621.15  2.86        14.39 528.83</u></div>
<div class="ContentPasted0"><u>Norfolk     4.85                         17.05 626.30  2.95        14.48 532.14</u></div>
<div class="ContentPasted0"><u>Palmerston  4.80                         17.00 624.46  2.90        14.43 530.30</u></div>
<div class="ContentPasted0"><u>Varna       4.80                         17.00 624.46  2.90        14.43 530.30</u></div>
<div class="ContentPasted0"><u>Trenton     4.90                         17.10 628.13  2.90        14.43 530.30</u></div>
<div class="ContentPasted0"><u>Winchester   N/A                                       3.20        14.73 541.33</u></div>
<div class="ContentPasted0"><u>North Gower 4.92                         17.12 628.87  3.20        14.73 541.33</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.92                         17.12 628.87  3.19        14.72 540.96</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.94  5.21  5.21  5.28       17.14 629.60  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    5.05                         17.25 633.65  2.95        14.48 532.14</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.73                         16.93 621.89  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    5.06  5.19  5.33  N/A        17.26 634.01  3.14        14.67 539.12</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.49                         17.69 649.81  3.62        15.15 556.76</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.40                         17.60 646.51  3.60        15.13 556.02</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       3.57        15.10 554.92</u></div>
<div class="ContentPasted0"><u>Port Colborn N/A                                       3.66        15.19 558.23</u></div>
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<div class="ContentPasted0"><u>Toledo El.  1.35                         13.54 497.55 -0.61        10.92 401.26</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3597 up 0.0017</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed moderately lower to lower.</u></div>
<div class="ContentPasted0"><u>JUL23      HI     6.16  3/4            JUL23   HI      6.16  3/4</u></div>
<div class="ContentPasted0"><u>           LOW    5.88  3/4                    LOW     5.88  3/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  5.91   Down 25               CLOSE   5.91   Down 25</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed lower.</u></div>
<div class="ContentPasted0"><u>JUL23      HI        8.21              SEP23   HI      8.19  1/2</u></div>
<div class="ContentPasted0"><u>           LOW    7.88  1/4                    LOW     7.90  1/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.93   Down 25               CLOSE   7.94  1/2  Down 24 3/4</u></div>
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<div class="ContentPasted0"><u>Direct MarkHarvest 2022                Harvest 2023</u></div>
<div class="ContentPasted0"><u>           DELIVERED BASIS             DELIVERED BASIS</u></div>
<div class="ContentPasted0"><u>Location   SWW(C) HRW(C) SRW(C) HRS(M) SWW(C)  HRW(C)  SRW(C) HRS(M)</u></div>
<div class="ContentPasted0"><u>ELEVATORS</u></div>
<div class="ContentPasted0"><u>Brgssvll     N/A    N/A   1.30    N/A    N/A     N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>London      2.09   1.62   1.21    N/A    2.30    1.41   0.87    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     2.60   2.00   1.30   1.60    2.50    1.55   0.85   1.35</u></div>
<div class="ContentPasted0"><u>Trenton      N/A    N/A    N/A    N/A    N/A     N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Bruce       2.30   1.80   1.30   1.25    1.85    1.35   0.85   1.15</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   1.30    N/A    N/A     N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Norwich      N/A    N/A   1.30    N/A    2.65    N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Belmore     2.50   1.65   1.30   1.15    2.00    1.50   0.85   1.15</u></div>
<div class="ContentPasted0"><u>Kent Bridge  N/A    N/A   1.30    N/A    2.65    N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   1.30    N/A    N/A     N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.30    N/A    N/A     N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston  2.30   1.80   1.30   1.25    1.85    1.35   0.85   1.15</u></div>
<div class="ContentPasted0"><u>Varna       2.60   2.00   1.30    N/A    2.50    1.55   0.85    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell     N/A    N/A   1.30    N/A    2.65    1.60   0.85    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    2.09   1.62   1.21   1.53    2.30    1.41   0.87    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   1.00   1.30   1.42    N/A     0.90   1.10   1.17</u></div>
<div class="ContentPasted0"><u>W O Feed                  2.07</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.88    N/A    N/A     N/A    1.41    N/A</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Toledo FM    N/A    N/A    N/A    N/A    N/A     N/A    1.92    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 5.66US        7.70CA         5.66US         7.70CA</u></div>
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<div class="ContentPasted0"><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div class="ContentPasted0"><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
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<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0"><u>FOB Hm Soymeal            642.22</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            335.00</u></div>
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<span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><o:p style="font-family: "Courier New"; font-size: 10pt; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"> </o:p><br>
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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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