FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.2844 down 0.0165 Chicago corn closed slightly lower. SEP16 HI 3.68 3/4 DEC16 HI 3.75 LOW 3.58 3/4 LOW 3.65 3/4 CLOSE3.60 Down 5 1/2 CLOSE 3.67 Down 4 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +SEP16+DEC16+DEC16 CK Low 0.78 4.38 172.43 0.70 4.37 172.04 CK High 0.80 4.40 173.22 0.70 4.37 172.04 CK Avg 0.80 -0.18 4.40 173.09 0.70 -0.27 4.37 172.04 Essex Cty 0.78 4.38 172.43 0.70 4.37 172.04 Mdsx Low 0.80 4.40 173.22 0.70 4.37 172.04 Mdsx High 0.80 4.40 173.22 0.70 4.37 172.04 Mdsx Avg 0.80 -0.18 4.40 173.22 0.70 -0.27 4.37 172.04 Hensall 0.80 4.40 173.22 0.73 4.40 173.02 Bruce 0.80 4.40 173.22 0.70 4.37 172.04 Putnam 0.73 4.33 170.46 0.70 4.37 172.04 Burford 0.80 4.40 173.22 0.70 4.37 172.04 Port Perry 0.80 4.40 173.22 0.70 4.37 172.04 Norfolk 0.80 4.40 173.22 0.70 4.37 172.04 Palmerston 0.78 4.38 172.43 0.70 4.37 172.04 Varna 0.73 4.33 170.46 0.75 4.42 174.01 Trenton 0.80 4.40 173.22 0.75 4.42 174.01 Winchester 1.00 4.60 181.09 0.95 4.62 181.88 North Gower 0.85 4.45 175.19 0.85 4.52 177.94 Huron FOB 0.97 4.57 179.91 0.72 4.39 172.83 Kent FOB 0.90 4.50 177.16 0.70 4.37 172.04 Lamb FOB 0.90 4.50 177.16 0.70 4.37 172.04 Mdsx FOB 0.90 0.95N/A N/A 4.50 177.16 0.70 4.37 172.04 FOB SW Que 1.20 4.80 188.97N/A Track 1.20 4.80 188.97N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A N/A 1.10N/A N/A Sarn-Eth 1.10 1.15 0.90N/A 4.70 185.03N/A Kawartha N/A N/A N/A N/A 0.95 4.62 181.88 London-Ing 1.20 1.25 1.28 1.30 4.80 188.97 0.92 4.59 180.70 Pt.Colb-Ing N/A 1.37 1.40N/A N/A Cardnl-Ing N/A N/A N/A 1.43 0.96 4.63 182.28 W O Feed 1.31 4.91 193.14 US Rep 1.52 5.12 201.57 Toledo El. -0.04 3.56 140.21 -0.26 3.41 134.37 MID SD CRN 0.70 4.37 HI SD CRN 0.70 4.37 *Wet Bid Bank of Canada Noon exchange rate was 1.2844 down 0.0165 Chicago soybeans closed slightly to moderately lower. AUG16 HI 11.78 1/2 NOV16 HI 11.57 1/2 LOW 11.63 LOW 11.36 1/4 CLOSE11.64 1/4 Down 10 CLOSE 11.37 1/2 Down 15 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV16 CK Low 2.70 14.34 527.002.50 13.88 509.82 CK High 2.80 14.44 530.672.55 13.93 511.66 CK Average 2.76 -0.4414.40 529.052.53 -0.5413.91 510.92 Essex Cty 2.80 14.44 530.672.55 13.93 511.66 Mdsx Low 2.70 14.34 527.002.50 13.88 509.82 Mdsx High 2.73 14.37 528.102.53 13.91 510.92 Mdsx Average 2.72 -0.4714.36 527.552.52 -0.5613.89 510.37 Hensall 2.73 14.37 527.922.55 13.93 511.66 Bruce 2.75 14.39 528.832.55 13.93 511.66 Putnam 2.80 14.44 530.672.55 13.93 511.66 Burford 2.76 14.40 529.202.56 13.94 512.02 Port Perry 2.73 14.37 528.102.53 13.91 510.92 Norfolk 2.75 14.39 528.832.55 13.93 511.66 Palmerston 2.80 14.44 530.672.55 13.93 511.66 Varna 2.80 14.44 530.672.60 13.98 513.49 Trenton 2.78 14.42 529.942.50 13.88 509.82 Winchester 2.30 13.94 512.302.57 13.95 512.39 North Gower 2.60 14.24 523.322.69 14.07 516.80 Huron FOB 2.85 14.49 532.512.70 14.08 517.17 Kent FOB 2.85 14.49 532.512.65 14.03 515.33 Lambton FOB 2.80 14.44 530.672.70 14.08 517.17 Middlesex FOB2.84 3.10 3.10 N/A 14.48 532.142.67 14.05 516.07 PROCESSORS Hamilton N/A 3.56 N/A 3.15 3.15 14.53 533.70 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 1.90 13.54 497.603.00 14.38 528.19 Toledo El. -0.14 11.50 422.59-0.41 10.96 402.86 Bank of Canada Noon exchange rate was 1.2844 down 0.0165 Chicago wheat closed lower. SEP16 HI 4.46 JUL17 HI 5.02 LOW 4.28 LOW 4.86 CLOSE 4.30 1/4 Down 15 1/4 CLOSE 4.88 1/2 Down 13 1/2 Minni wheat closed slightly to moderately lower. SEP16 HI 5.07 SEP17 HI 5.60 LOW 4.99 1/4 LOW 5.57 CLOSE 5.00 Down 8 1/4 CLOSE 5.58 Down 5 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.46 0.39 0.39 0.66 CAD $/bu 4.76 4.69 4.69 5.66 CAD $/tonne 174.86 172.50 172.50 207.81 Direct MarkHarvest 2016 Harvest 2017 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 0.13 0.25 N/A N/A N/A 0.35 N/A London 0.40 0.14 0.20 N/A 0.50 0.43 0.37 N/A Hensall 0.45 N/A 0.25 N/A 0.50 N/A 0.40 N/A Trenton N/A N/A 0.30 N/A N/A N/A N/A N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.15 N/A N/A N/A 0.17 N/A Norwich 0.45 N/A 0.25 N/A 0.50 N/A 0.40 N/A Port Hope N/A 0.30 0.35 0.40 N/A 0.35 0.40 N/A Kent Bridge 0.45 N/A 0.25 N/A 0.50 N/A 0.30 N/A Chatham N/A 0.12 0.20 N/A N/A N/A 0.30 N/A Brigden N/A N/A 0.20 N/A N/A N/A 0.30 N/A Palmerston N/A 0.31 0.36 1.00 N/A 0.50 0.60 N/A Varna 0.31 0.11 0.11 N/A 0.45 0.40 0.25 N/A Mitchell 0.45 0.10 0.25 N/A 0.60 0.35 0.30 N/A Thornton N/A N/A N/A -0.23 N/A N/A N/A N/A North Gower N/A 0.23 0.38 0.63 N/A N/A N/A N/A TERMINAL Prescott N/A 0.61 0.61 1.25 N/A 0.60 0.65 N/A PROCESSORS Toledo FM 1.48 N/A 1.10 N/A N/A N/A 1.39 N/A Toledo El. 4.18US 5.38CA 4.69US 6.01CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.87 0.81 0.30 CAD $/bu 5.76 5.69 5.18 CAD $/tonne 211.57 209.22 190.35 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 604.30 DDG's FOB Srn & Aylm 230.00 - 235.00