FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 16

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 16 Exchange rate was 1.2848 down 0.0105 Chicago soybeans closed slightly higher. JUL22 HI 16.68 NOV22 HI 15.19 1/4 LOW 16.50 1/4 LOW 15.00 1/4 CLOSE16.56 1/2 Up 10 CLOSE 15.12 Up 13 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL22+JUL22+SEP22 CK Low 4.60 21.17 777.68 3.79 18.91 694.82 CK High 4.85 21.42 786.87 3.90 19.02 698.87 CK Average 4.81 0.07 21.38 785.50 3.83 -0.37 18.95 696.45 Essex Cty 4.85 21.42 786.87 3.85 18.97 697.03 Mdsx Low 4.80 21.37 785.03 3.80 18.92 695.19 Mdsx High 4.86 21.43 787.23 3.85 18.97 697.03 Mdsx Average4.84 0.09 21.40 786.38 3.82 -0.38 18.94 695.93 Hensall 4.85 21.42 786.87 3.82 18.94 695.80 Bruce 4.85 21.42 786.87 3.80 18.92 695.19 Putnam 4.85 21.42 786.87 3.85 18.97 697.03 Burford 4.92 21.49 789.44 3.87 18.99 697.76 Port Perry 4.77 21.34 783.93 3.72 18.84 692.25 Norfolk 4.85 21.42 786.87 3.90 19.02 698.87 Palmerston 4.73 21.30 782.46 3.68 18.80 690.78 Varna 4.85 21.42 786.87 3.80 18.92 695.19 Trenton 4.70 21.27 781.35 3.90 19.02 698.87 Winchester 4.60 21.17 777.68 3.90 19.02 698.87 North Gower 4.70 21.27 781.35 3.80 18.92 695.19 Vankleek Hil4.53 21.10 775.11 3.72 18.84 692.25 Huron FOB 4.64 4.81 4.93 5.12 21.21 779.15 3.82 18.94 695.93 Kent FOB 5.05 21.62 794.22 3.85 18.97 697.03 Lambton FOB 4.90 21.47 788.70 N/A Mdsx FOB 5.13 5.13 5.19 N/A 21.70 797.15 4.04 19.16 704.01 PROCESSORS Windsor 5.61 22.18 814.79 4.16 19.28 708.42 TRANSFER Hamilton 5.50 22.07 810.75 4.50 19.62 720.91 Prescott N/A 4.24 19.36 711.36 Port Colborn N/A 4.16 19.28 708.42 Toledo El. 0.06 16.63 611.02 -0.45 14.67 539.04 Exchange rate was 1.2848 down 0.0105 Chicago wheat closed moderately higher to limit up. JUL22 HI 12.47 1/2 SEP22 HI 12.51 LOW 12.22 1/4 LOW 12.24 1/4 CLOSE 12.47 1/2 Up 70 CLOSE 12.51 Up 70 Minni wheat closed limit up. JUL22 HI 13.85 SEP22 HI 13.78 3/4 LOW 13.56 1/4 LOW 13.52 CLOSE 13.85 Up 60 CLOSE 13.78 3/4 Up 60 Direct MarkHarvest 2021 Harvest 2022 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 2.30 N/A London 2.75 2.81 2.23 N/A 3.37 2.65 2.27 N/A Hensall 2.10 N/A 2.10 N/A 3.30 N/A 2.30 N/A Trenton N/A N/A N/A N/A N/A N/A 2.20 N/A Bruce N/A N/A 2.00 N/A 3.25 2.55 2.25 1.40 Essex N/A N/A 2.10 N/A N/A N/A 2.30 N/A Norwich 2.10 N/A 2.10 N/A 3.30 N/A 2.30 N/A Port Hope N/A N/A N/A N/A N/A N/A 2.25 N/A Kent Bridge 2.10 N/A 2.10 N/A 3.30 N/A 2.30 N/A Chatham N/A N/A 2.10 N/A N/A N/A 2.30 N/A Brigden N/A N/A 2.10 N/A N/A N/A 2.30 N/A Palmerston N/A 2.78 2.34 3.18 N/A 3.19 2.67 N/A Varna 2.35 2.85 2.10 N/A 3.20 2.65 2.30 N/A Mitchell 2.10 2.80 2.10 N/A 3.30 2.65 2.30 N/A Thornton 2.75 2.81 2.23 2.03 3.37 2.65 2.27 N/A North Gower N/A N/A N/A N/A N/A N/A 2.25 N/A W O Feed 2.99 TERMINAL Port Colbor N/A N/A 2.69 N/A N/A N/A 2.66 N/A PROCESSORS Toledo FM N/A N/A 3.60 N/A N/A N/A 3.56 N/A Toledo El. 12.33US 15.83CA 12.32US 15.83CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 654.34 DDG's FOB Srn & Aylm 405.00 - 410.00