FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 22

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 22 Exchange rate was 1.3993 up 0.0046 Chicago soybeans closed narrowly mixed. JUL20 HI 8.39 1/2 NOV20 HI 8.49 1/4 LOW 8.28 1/2 LOW 8.40 3/4 CLOSE8.33 1/4 Down 1 3/4 CLOSE 8.44 1/2 Down 1 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL2+JUL2+SEP20 CK Low 2.85 11.18 410.892.65 11.10 407.67 CK High 2.92 11.25 413.462.75 11.20 411.35 CK Average 2.89 -0.3111.22 412.232.70 -0.4811.15 409.51 Essex Cty 2.90 11.23 412.722.70 11.15 409.51 Mdsx Low 2.85 11.18 410.892.65 11.10 407.67 Mdsx High 2.90 11.23 412.722.73 11.18 410.61 Mdsx Average 2.88 -0.3211.21 411.812.69 -0.4911.14 409.14 Hensall 2.85 11.18 410.892.68 11.13 408.90 Bruce 2.85 11.18 410.892.70 11.15 409.51 Putnam 2.85 11.18 410.892.65 11.10 407.67 Burford 2.97 11.30 415.302.80 11.25 413.18 Port Perry 2.92 11.25 413.462.75 11.20 411.35 Norfolk 2.90 11.23 412.722.75 11.20 411.35 Palmerston 2.85 11.18 410.892.76 11.21 411.71 Varna 2.85 11.18 410.892.70 11.15 409.51 Trenton 2.85 11.18 410.892.70 11.15 409.51 Winchester 2.90 11.23 412.722.65 11.10 407.67 North Gower 2.85 11.18 410.892.71 11.16 409.88 Vankleek Hill N/A 2.85 11.30 415.02 Huron FOB 3.00 11.33 416.402.80 11.25 413.18 Kent FOB 3.10 11.43 420.072.75 11.20 411.35 Lambton FOB 3.10 11.43 420.072.70 11.15 409.51 Middlesex FOB3.09 3.09 N/A N/A 11.42 419.712.85 11.30 415.02 PROCESSORS Windsor 3.39 11.72 430.733.02 11.47 421.27 TRANSFER Hamilton 3.50 11.83 434.773.20 11.65 427.88 Prescott N/A 3.14 11.59 425.68 Port Colborne3.50 11.83 434.773.19 11.64 427.51 Toledo El. -0.14 8.19 301.03-0.42 8.03 294.88 Exchange rate was 1.3993 up 0.0046 Chicago wheat closed slightly to moderately lower. JUL20 HI 5.16 1/4 SEP20 HI 5.18 3/4 LOW 5.03 1/4 LOW 5.06 3/4 CLOSE 5.08 3/4 Down 7 1/4 CLOSE 5.12 3/4 Down 6 Minni wheat closed slightly lower. JUL20 HI 5.17 3/4 SEP20 HI 5.28 1/4 LOW 5.11 1/4 LOW 5.22 1/4 CLOSE 5.13 Down 5 CLOSE 5.24 1/4 Down 4 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.17 2.38 2.17 1.42 CAD $/bu 7.26 7.47 7.26 6.55 CAD $/tonne 266.72 274.43 266.72 240.62 Direct MarkHarvest 2019 Harvest 2020 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A N/A N/A N/A N/A 1.31 N/A London 2.05 2.33 1.84 N/A 1.59 1.80 1.31 N/A Hensall 1.75 N/A 1.75 N/A 1.46 N/A 1.31 N/A Trenton N/A N/A N/A N/A N/A N/A 1.41 N/A Bruce 1.65 2.15 1.75 1.80 1.36 1.71 1.31 1.30 Essex N/A N/A 1.80 N/A N/A N/A 1.31 N/A Norwich 1.75 N/A 1.75 N/A 1.46 N/A 1.31 N/A Port Hope N/A N/A 1.75 N/A N/A N/A 1.41 N/A Kent Bridge 1.75 N/A 1.75 N/A 1.46 N/A 1.31 N/A Chatham N/A N/A N/A N/A N/A N/A 1.36 N/A Brigden N/A N/A N/A N/A N/A N/A 1.36 N/A Palmerston N/A 2.18 1.76 1.85 N/A 1.84 1.41 1.33 Varna 1.95 2.15 1.75 N/A 1.41 1.71 1.31 N/A Mitchell 1.75 1.90 1.75 N/A 1.46 1.66 1.31 N/A Thornton N/A N/A N/A 1.81 N/A N/A N/A N/A North Gower N/A 2.10 1.90 1.05 N/A 1.85 1.40 1.10 W O Feed 2.32 TERMINAL Port Colbor N/A N/A 2.18 N/A N/A N/A 1.65 N/A PROCESSORS Toledo FM N/A N/A 2.03 N/A N/A N/A 1.99 N/A Toledo El. 5.09US 7.12CA 5.09US 7.12CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.70 2.05 1.70 1.25 CAD $/bu 6.82 7.17 6.82 6.49 CAD $/tonne 250.72 263.57 250.72 238.64 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 491.75 DDG's FOB Srn & Aylm 265.00