FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, June 2

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, June 2 Exchange rate was 1.3517 down 0.0068 Chicago soybeans closed slightly higher. JUL20 HI 8.56 NOV20 HI 8.65 LOW 8.38 1/2 LOW 8.50 1/4 CLOSE8.50 1/2 Up 10 CLOSE 8.60 1/2 Up 8 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL2+AUG2+NOV20 CK Low 2.55 11.06 406.202.35 10.96 402.53 CK High 2.60 11.11 408.042.45 11.06 406.20 CK Average 2.58 -0.3111.08 407.122.41 -0.4611.01 404.55 Essex Cty 2.60 11.11 408.042.40 11.01 404.36 Mdsx Low 2.53 11.04 405.472.36 10.97 402.89 Mdsx High 2.55 11.06 406.202.40 11.01 404.36 Mdsx Average 2.54 -0.3311.05 405.832.38 -0.4810.99 403.63 Hensall 2.58 11.09 407.432.40 11.01 404.36 Bruce 2.60 11.11 408.042.40 11.01 404.36 Putnam 2.55 11.06 406.202.40 11.01 404.36 Burford 2.60 11.11 408.042.43 11.04 405.47 Port Perry 2.55 11.06 406.202.38 10.99 403.63 Norfolk 2.60 11.11 408.042.45 11.06 406.20 Palmerston 2.58 11.09 407.302.43 11.04 405.47 Varna 2.60 11.11 408.042.40 11.01 404.36 Trenton 2.65 11.16 409.882.45 11.06 406.20 Winchester 2.60 11.11 408.042.35 10.96 402.53 North Gower 2.65 11.16 409.882.65 11.26 413.55 Vankleek Hill N/A 2.47 11.08 406.94 Huron FOB 2.75 11.26 413.552.50 11.11 408.04 Kent FOB 2.85 11.36 417.222.45 11.06 406.20 Lambton FOB 2.80 11.31 415.392.40 11.01 404.36 Middlesex FOB2.72 2.79 N/A N/A 11.23 412.452.48 11.09 407.30 PROCESSORS Windsor 3.06 11.57 424.942.69 11.30 415.02 TRANSFER Hamilton 3.20 11.71 430.092.90 11.51 422.74 Prescott N/A 2.84 11.45 420.53 Port Colborne2.99 11.50 422.372.82 11.43 419.80 Toledo El. -0.11 8.40 308.53-0.41 8.20 301.28 Exchange rate was 1.3517 down 0.0068 Chicago wheat closed slightly to moderately lower. JUL20 HI 5.17 1/4 SEP20 HI 5.19 3/4 LOW 5.06 3/4 LOW 5.11 CLOSE 5.08 Down 7 1/4 CLOSE 5.12 1/4 Down 6 Minni wheat closed slightly lower. JUL20 HI 5.22 3/4 SEP20 HI 5.31 1/4 LOW 5.15 3/4 LOW 5.26 3/4 CLOSE 5.16 1/2 Down 4 3/4 CLOSE 5.27 1/2 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 1.92 2.12 1.92 1.21 CAD $/bu 7.00 7.20 7.00 6.37 CAD $/tonne 257.28 264.73 257.28 234.18 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 1.16 N/A London 1.82 2.02 1.55 N/A 1.37 1.58 1.17 N/A Hensall 1.55 N/A 1.55 N/A 1.31 N/A 1.16 N/A Trenton N/A N/A N/A N/A N/A N/A 1.41 N/A Bruce 1.50 1.95 1.55 1.60 1.26 1.56 1.16 1.25 Essex N/A N/A N/A N/A N/A N/A 1.11 N/A Norwich 1.55 N/A 1.55 N/A 1.31 N/A 1.16 N/A Port Hope N/A N/A 1.55 N/A N/A N/A 1.36 N/A Kent Bridge 1.55 N/A 1.55 N/A 1.31 N/A 1.16 N/A Chatham N/A N/A N/A N/A N/A N/A 1.16 N/A Brigden N/A N/A N/A N/A N/A N/A 1.16 N/A Palmerston N/A 1.92 1.51 1.61 N/A 1.60 1.18 1.11 Varna 1.75 1.95 1.55 N/A 1.27 1.56 1.16 N/A Mitchell 1.55 1.70 1.55 N/A 1.31 1.51 1.16 N/A Thornton N/A N/A N/A 1.54 N/A N/A N/A N/A North Gower N/A 1.90 1.70 1.00 N/A 1.70 1.20 1.00 W O Feed 1.98 TERMINAL Port Colbor N/A N/A 1.89 N/A N/A N/A 1.51 N/A PROCESSORS Toledo FM N/A N/A 1.79 N/A N/A N/A 1.75 N/A Toledo El. 5.08US 6.87CA 5.08US 6.87CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.46 1.80 1.46 1.18 CAD $/bu 6.59 6.92 6.59 6.45 CAD $/tonne 242.00 254.42 242.00 237.16 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 480.29 DDG's FOB Srn & Aylm 260.00