FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 23

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 23 Exchange rate was 1.278 down 0.0075 Chicago soybeans closed slightly to moderately lower. JUL22 HI 17.20 NOV22 HI 15.34 3/4 LOW 16.85 LOW 15.12 3/4 CLOSE16.87 Down 18 1/4 CLOSE 15.18 3/4 Down 3 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL22+JUL22+SEP22 CK Low 4.70 21.57 792.56 3.65 18.84 692.16 CK High 4.80 21.67 796.24 3.70 18.89 694.00 CK Average 4.74 0.04 21.61 793.87 3.68 -0.42 18.87 693.26 Essex Cty 4.70 21.57 792.56 3.65 18.84 692.16 Mdsx Low 4.70 21.57 792.56 3.65 18.84 692.16 Mdsx High 4.82 21.69 796.97 3.70 18.89 694.00 Mdsx Average4.76 0.05 21.63 794.64 3.68 -0.43 18.86 693.14 Hensall 4.75 21.62 794.40 3.72 18.90 694.61 Bruce 4.70 21.57 792.56 3.70 18.89 694.00 Putnam 4.75 21.62 794.40 3.75 18.94 695.83 Burford 4.88 21.75 799.18 3.74 18.93 695.47 Port Perry 4.73 21.60 793.66 3.59 18.78 689.96 Norfolk 4.70 21.57 792.56 3.70 18.89 694.00 Palmerston 4.69 21.56 792.19 3.72 18.91 694.73 Varna 4.75 21.62 794.40 3.70 18.89 694.00 Trenton 4.50 21.37 785.21 3.70 18.89 694.00 Winchester 4.46 21.33 783.74 3.72 18.91 694.73 North Gower 4.80 21.67 796.24 3.75 18.94 695.83 Vankleek Hil4.64 21.51 790.36 3.47 18.66 685.55 Huron FOB 4.80 4.91 4.98 5.08 21.67 796.24 3.72 18.91 694.73 Kent FOB 4.90 21.77 799.91 3.65 18.84 692.16 Lambton FOB 4.95 21.82 801.75 N/A Mdsx FOB 4.98 5.05 5.11 N/A 21.85 802.85 3.91 19.10 701.71 PROCESSORS Windsor 5.55 22.42 823.79 4.05 19.24 706.86 TRANSFER Hamilton 5.35 22.22 816.45 4.30 19.49 716.04 Prescott N/A 4.45 19.64 721.55 Port Colborn N/A 4.04 19.23 706.49 Toledo El. 0.19 17.06 626.91 -0.45 14.74 541.61 Exchange rate was 1.278 down 0.0075 Chicago wheat closed moderately higher to higher. JUL22 HI 11.96 3/4 SEP22 HI 12.02 1/2 LOW 11.74 3/4 LOW 11.80 3/4 CLOSE 11.90 Up 21 1/4 CLOSE 11.97 1/2 Up 23 Minni wheat closed moderately higher. JUL22 HI 13.05 SEP22 HI 13.05 LOW 12.79 1/2 LOW 12.79 1/4 CLOSE 12.98 1/2 Up 19 1/2 CLOSE 12.97 1/2 Up 18 3/4 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 2.35 N/A London 2.49 2.55 1.98 N/A 3.06 2.35 2.23 N/A Hensall 2.35 N/A 2.25 N/A 3.35 N/A 2.35 N/A Trenton N/A N/A N/A N/A N/A N/A 2.35 N/A Bruce N/A N/A 2.20 N/A 3.25 2.65 2.35 1.60 Essex N/A N/A 2.15 N/A N/A N/A 2.30 N/A Norwich 2.35 N/A 2.25 N/A 3.35 N/A 2.35 N/A Port Hope N/A N/A N/A N/A N/A N/A 2.45 N/A Kent Bridge 2.35 N/A 2.25 N/A 3.35 N/A 2.35 N/A Chatham N/A N/A 2.15 N/A N/A N/A 2.30 N/A Brigden N/A N/A 2.15 N/A N/A N/A 2.30 N/A Palmerston N/A 2.55 2.10 2.84 N/A 2.95 2.25 N/A Varna 2.45 2.95 2.20 N/A 3.25 2.70 2.35 N/A Mitchell 2.35 2.80 2.25 N/A 3.35 2.65 2.35 N/A Thornton 2.49 2.55 1.98 2.05 3.06 2.35 2.23 N/A North Gower N/A N/A N/A N/A N/A N/A 2.25 N/A W O Feed 2.89 TERMINAL Port Colbor N/A N/A 2.43 N/A N/A N/A 2.62 N/A PROCESSORS Toledo FM N/A N/A 3.40 N/A N/A N/A 3.33 N/A Toledo El. 11.75US 15.02CA 11.75US 15.01CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 658.64 DDG's FOB Srn & Aylm 375.00 - 385.00