FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 19
Exchange rate was 1.2802 down 0.0062
Chicago soybeans closed slightly to moderately higher.

      JUL22   HI 16.97                   NOV22     HI 15.19
             LOW 16.60  3/4                       LOW 14.87
            CLOSE16.90  1/2  Up 27 3/4          CLOSE 15.14  1/2  Up 15

            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                         21.61 793.85  3.57        18.72 687.66
CK High     4.75                         21.66 795.69  3.70        18.85 692.44
CK Average  4.72                   -0.01 21.63 794.64  3.67 -0.45  18.81 691.23
Essex Cty   4.70                         21.61 793.85  3.65        18.80 690.60
Mdsx Low    4.70                         21.61 793.85  3.59        18.74 688.39
Mdsx High   4.75                         21.66 795.69  3.70        18.85 692.44
Mdsx Average4.72                   -0.01 21.63 794.71  3.65 -0.47  18.79 690.48
Hensall     4.75                         21.66 795.69  3.72        18.86 693.05
Bruce       4.70                         21.61 793.85  3.70        18.85 692.44
Putnam      4.75                         21.66 795.69  3.75        18.90 694.27
Burford     4.78                         21.69 796.79  3.65        18.80 690.60
Port Perry  4.63                         21.54 791.28  3.50        18.65 685.09
Norfolk     4.70                         21.61 793.85  3.70        18.85 692.44
Palmerston  4.75                         21.66 795.69  3.75        18.90 694.27
Varna       4.75                         21.66 795.69  3.70        18.85 692.44
Trenton     4.50                         21.41 786.50  3.70        18.85 692.44
Winchester  4.43                         21.34 783.93  3.77        18.92 695.01
North Gower 4.80                         21.71 797.52  3.75        18.90 694.27
Vankleek Hil5.00                         21.91 804.87  3.48        18.63 684.35
Huron FOB   4.73  4.84  4.90  4.98       21.64 794.95  3.67        18.82 691.33
Kent FOB    4.90                         21.81 801.20  3.65        18.80 690.60
Lambton FOB 4.90                         21.81 801.20  N/A
Mdsx FOB    4.89  4.95  5.01  N/A        21.80 800.83  3.82        18.97 696.84

PROCESSORS
Windsor     5.60                         22.51 826.92  4.07        19.22 706.03

TRANSFER
Hamilton    5.35                         22.26 817.73  4.30        19.45 714.48
Prescott     N/A                                       4.10        19.25 707.13
Port Colborn N/A                                       3.94        19.09 701.25

Toledo El.  0.06                         16.97 623.50 -0.45        14.70 540.02


Exchange rate was 1.2802 down 0.0062
Chicago wheat closed moderately lower to lower.
JUL22      HI     12.47  3/4           SEP22   HI      12.49  1/4
           LOW    11.93  1/2                   LOW     11.97  1/4
           CLOSE  12.00  1/2  Down 30 1/4      CLOSE   12.06   Down 27

Minni wheat closed moderately lower.
JUL22      HI       13.83              SEP22   HI        13.80
           LOW    13.23  3/4                   LOW     13.22  1/2
           CLOSE  13.30  1/2  Down 22 1/4      CLOSE   13.29   Down 22 1/4



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    2.45    N/A
London      2.52   2.59   2.01    N/A    3.11    2.41   2.28    N/A
Hensall     2.45    N/A   2.35    N/A    3.45    N/A    2.45    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    2.35    N/A
Bruce        N/A    N/A   2.25    N/A    3.35    2.75   2.40   1.60
Essex        N/A    N/A   2.25    N/A    N/A     N/A    2.40    N/A
Norwich     2.45    N/A   2.35    N/A    3.45    N/A    2.45    N/A
Port Hope    N/A    N/A    N/A    N/A    N/A     N/A    2.45    N/A
Kent Bridge 2.45    N/A   2.35    N/A    3.45    N/A    2.45    N/A
Chatham      N/A    N/A   2.25    N/A    N/A     N/A    2.40    N/A
Brigden      N/A    N/A   2.25    N/A    N/A     N/A    2.40    N/A
Palmerston   N/A   2.59   2.14   2.95    N/A     2.99   2.29    N/A
Varna       2.55   3.05   2.30    N/A    3.35    2.80   2.45    N/A
Mitchell    2.45   2.90   2.35    N/A    3.45    2.75   2.45    N/A
Thornton    2.52   2.59   2.01   1.86    3.11    2.41   2.28    N/A
North Gower  N/A    N/A    N/A    N/A    N/A     N/A    2.25    N/A
W O Feed                  2.93

TERMINAL
Port Colbor  N/A    N/A   2.47    N/A    N/A     N/A    2.67    N/A

PROCESSORS
Toledo FM    N/A    N/A   3.43    N/A    N/A     N/A    3.38    N/A

Toledo El. 11.86US       15.18CA       11.85US         15.17CA


(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange

FEED GRAINS
FOB Hm Soymeal            661.73
DDG's FOB Srn & Aylm     405.00 - 410.00