FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 12 Exchange rate was 1.3076 up 0.0102 Chicago soybeans closed slightly higher. JUL22 HI 16.27 1/4 NOV22 HI 14.89 LOW 15.90 1/4 LOW 14.57 3/4 CLOSE16.13 3/4 Up 7 CLOSE 14.80 1/2 Up 8 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL22+JUL22+SEP22 CK Low 4.75 20.89 767.48 3.75 18.56 681.78 CK High 4.85 20.99 771.16 3.85 18.66 685.45 CK Average 4.82 -0.11 20.96 770.11 3.81 -0.57 18.61 683.93 Essex Cty 4.85 20.99 771.16 3.85 18.66 685.45 Mdsx Low 4.60 20.74 761.97 3.60 18.41 676.27 Mdsx High 4.85 20.99 771.16 3.85 18.66 685.45 Mdsx Average4.73 -0.18 20.87 766.87 3.74 -0.63 18.54 681.29 Hensall 4.78 20.92 768.71 3.78 18.59 683.00 Bruce 4.75 20.89 767.48 3.75 18.56 681.78 Putnam 4.85 20.99 771.16 3.85 18.66 685.45 Burford 4.83 20.97 770.42 3.84 18.65 685.09 Port Perry 4.68 20.82 764.91 3.69 18.50 679.57 Norfolk 4.85 20.99 771.16 3.90 18.71 687.29 Palmerston 4.80 20.94 769.32 3.88 18.69 686.56 Varna 4.75 20.89 767.48 3.75 18.56 681.78 Trenton 4.70 20.84 765.65 3.75 18.56 681.78 Winchester 4.64 20.78 763.44 3.66 18.47 678.47 North Gower 4.40 20.54 754.62 3.65 18.46 678.11 Vankleek Hil4.53 20.67 759.40 3.72 18.53 680.68 Huron FOB 4.68 4.84 4.97 5.18 20.82 764.91 3.88 18.69 686.56 Kent FOB 5.05 21.19 778.51 3.85 18.66 685.45 Lambton FOB 4.90 21.04 773.00 N/A Mdsx FOB 5.06 5.13 5.13 N/A 21.20 778.87 4.01 18.82 691.33 PROCESSORS Windsor 5.76 21.90 804.60 N/A TRANSFER Hamilton 5.50 21.64 795.04 4.50 19.31 709.34 Prescott N/A 4.24 19.05 699.78 Port Colborn N/A 4.13 18.94 695.74 Toledo El. 0.07 16.20 595.35 -0.46 14.35 527.17 Exchange rate was 1.3076 up 0.0102 Chicago wheat closed sharply higher. JUL22 HI 11.83 SEP22 HI 11.87 1/4 LOW 11.02 3/4 LOW 11.07 1/2 CLOSE 11.78 3/4 Up 65 3/4 CLOSE 11.81 3/4 Up 64 1/2 Minni wheat closed sharply higher to limit up. JUL22 HI 13.16 SEP22 HI 13.11 3/4 LOW 12.49 LOW 12.45 CLOSE 13.16 Up 60 CLOSE 13.11 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 2.25 N/A London 2.48 2.81 2.22 N/A 3.23 2.78 2.39 N/A Hensall 2.00 N/A 2.00 N/A 3.25 N/A 2.25 N/A Trenton N/A N/A N/A N/A N/A N/A 2.10 N/A Bruce N/A N/A 2.00 N/A 3.15 2.55 2.25 1.40 Essex N/A N/A 2.10 N/A N/A N/A 2.30 N/A Norwich 2.00 N/A 2.00 N/A 3.25 N/A 2.25 N/A Port Hope N/A N/A N/A N/A N/A N/A 2.25 N/A Kent Bridge 2.00 N/A 2.00 N/A 3.25 N/A 2.25 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 2.80 2.33 3.22 N/A 3.20 2.67 N/A Varna 2.35 2.85 2.10 N/A 3.20 2.65 2.30 N/A Mitchell 2.00 2.65 2.00 N/A 3.25 2.55 2.25 N/A Thornton 2.48 2.81 2.22 1.50 3.23 2.78 2.39 N/A North Gower N/A N/A N/A N/A N/A N/A 2.05 N/A W O Feed 2.96 TERMINAL Port Colbor N/A N/A 2.68 N/A N/A N/A 2.78 N/A PROCESSORS Toledo FM N/A N/A 3.67 N/A N/A N/A 3.64 N/A Toledo El. 11.45US 14.97CA 11.59US 15.15CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 634.94 DDG's FOB Srn & Aylm 410.00 - 415.00