<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:12pt;color:#000000;background-color:#FFFFFF;font-family:Calibri,Arial,Helvetica,sans-serif;">
<p></p>
<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 25</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3235 up 0.0057</div>
<div>Chicago corn closed slightly lower.</div>
<div><br>
</div>
<div> SEP16 HI 3.38 1/4 DEC16 HI 3.45</div>
<div> LOW 3.30 1/4 LOW 3.36 3/4</div>
<div> CLOSE3.34 3/4 Down 1/4 CLOSE 3.41 1/4 Down 1/2</div>
<div><br>
</div>
<div> OLD CROP BASIS NEW CROP BASIS</div>
<div>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</div>
<div>ELEVATORS +SEP16+DEC16+DEC16</div>
<div>CK Low 0.90 4.25 167.22 0.70 4.11 161.90</div>
<div>CK High 1.00 4.35 171.15 0.75 4.16 163.87</div>
<div>CK Avg 0.98 -0.07 4.33 170.50 0.71 -0.29 4.12 162.23</div>
<div>Essex Cty 1.00 4.35 171.15 0.75 4.16 163.87</div>
<div>Mdsx Low 1.00 4.35 171.15 0.70 4.11 161.90</div>
<div>Mdsx High 1.00 4.35 171.15 0.80 4.21 165.84</div>
<div>Mdsx Avg 1.00 -0.06 4.35 171.15 0.75 -0.26 4.16 163.87</div>
<div>Hensall 1.03 4.37 172.14 0.80 4.21 165.84</div>
<div>Bruce 1.00 4.35 171.15 0.80 4.21 165.84</div>
<div>Putnam 1.00 4.35 171.15 0.70 4.11 161.90</div>
<div>Burford 1.00 4.35 171.15 0.70 4.11 161.90</div>
<div>Port Perry 1.00 4.35 171.15 0.80 4.21 165.84</div>
<div>Norfolk 1.00 4.35 171.15 0.70 4.11 161.90</div>
<div>Palmerston 1.00 4.35 171.15 0.75 4.16 163.87</div>
<div>Varna 1.05 4.40 173.12 0.80 4.21 165.84</div>
<div>Trenton 1.10 4.45 175.09 0.80 4.21 165.84</div>
<div>Winchester 1.15 4.50 177.06 1.00 4.41 173.71</div>
<div>North Gower 0.96 4.31 169.58 0.90 4.31 169.78</div>
<div>Huron FOB 1.10 4.45 175.09 0.85 4.26 167.81</div>
<div>Kent FOB 1.15 4.50 177.06 0.70 4.11 161.90</div>
<div>Lamb FOB 1.15 4.50 177.06 0.70 4.11 161.90</div>
<div>Mdsx FOB 0.90 0.90N/A N/A 4.25 167.22 0.70 4.11 161.90</div>
<div>FOB SW Que 1.38 4.73 186.11N/A</div>
<div>Track 1.43 4.77 187.89N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth N/A N/A N/A N/A N/A</div>
<div>Jhnstwn-Eth N/A N/A N/A N/A N/A</div>
<div>Aylmer-Eth N/A N/A 1.30N/A N/A</div>
<div>Sarn-Eth 1.30 1.35 1.35 0.90 4.65 182.96 0.90 4.31 169.78</div>
<div>Kawartha N/A N/A N/A N/A 0.95 4.36 171.74</div>
<div>London-Ing 1.37 1.44 1.46 1.51 4.72 185.72 0.84 4.25 167.41</div>
<div>Pt.Colb-Ing N/A 1.57 1.66 1.68 0.90 4.31 169.78</div>
<div>Cardnl-Ing N/A N/A N/A 1.40 0.90 4.31 169.78</div>
<div>W O Feed 1.49 4.83 190.29</div>
<div><br>
</div>
<div>US Rep 1.72 5.07 199.50</div>
<div>Toledo El. 0.09 3.44 135.43 -0.26 3.15 123.95</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN 0.72 1/2 4.13 3/4</div>
<div>HI SD CRN 0.75 4.16 1/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3235 up 0.0057</div>
<div>Chicago soybeans closed moderately lower to lower.</div>
<div><br>
</div>
<div> AUG16 HI 10.10 1/2 NOV16 HI 9.91 3/4</div>
<div> LOW 9.81 3/4 LOW 9.63</div>
<div> CLOSE9.83 3/4 Down 22 3/4 CLOSE 9.66 1/4 Down 22</div>
<div><br>
</div>
<div> OLD CROP NEW CROP</div>
<div>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</div>
<div>ELEVATORS +AUG1+NOV1+NOV16</div>
<div>CK Low 2.65 12.49 458.842.30 11.96 439.55</div>
<div>CK High 2.82 12.66 465.082.50 12.16 446.90</div>
<div>CK Average 2.74 -0.3212.58 462.082.40 -0.5212.07 443.34</div>
<div>Essex Cty 2.82 12.66 465.082.50 12.16 446.90</div>
<div>Mdsx Low 2.65 12.49 458.842.30 11.96 439.55</div>
<div>Mdsx High 2.79 12.63 463.982.40 12.06 443.22</div>
<div>Mdsx Average 2.72 -0.3412.56 461.412.35 -0.5612.01 441.38</div>
<div>Hensall 2.70 12.54 460.672.38 12.04 442.30</div>
<div>Bruce 2.65 12.49 458.842.30 11.96 439.55</div>
<div>Putnam 2.75 12.59 462.512.40 12.06 443.22</div>
<div>Burford 2.82 12.66 465.082.43 12.09 444.32</div>
<div>Port Perry 2.79 12.63 463.982.40 12.06 443.22</div>
<div>Norfolk 2.80 12.64 464.352.40 12.06 443.22</div>
<div>Palmerston 2.80 12.64 464.352.45 12.11 445.06</div>
<div>Varna 2.75 12.59 462.512.45 12.11 445.06</div>
<div>Trenton 2.68 12.52 459.942.70 12.36 454.24</div>
<div>Winchester N/A 2.50 12.16 446.90</div>
<div>North Gower 2.40 12.24 449.652.58 12.24 449.83</div>
<div>Huron FOB 2.90 12.74 468.022.55 12.21 448.73</div>
<div>Kent FOB 2.95 12.79 469.862.50 12.16 446.90</div>
<div>Lambton FOB 2.65 12.49 458.842.65 12.31 452.41</div>
<div>Middlesex FOB2.70 2.96 2.93 N/A 12.54 460.672.63 12.29 451.67</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.35 3.25 N/A 2.96 13.19 484.562.96 12.62 463.80</div>
<div>Windsor N/A N/A N/A N/A N/A</div>
<div>Winchester N/A N/A</div>
<div><br>
</div>
<div>TRANSFER</div>
<div>Prescott 1.85 11.69 429.443.00 12.66 465.27</div>
<div><br>
</div>
<div>Toledo El. -0.15 9.69 356.12-0.42 9.24 339.51</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3235 up 0.0057</div>
<div>Chicago wheat closed slightly to moderately higher.</div>
<div>SEP16 HI 4.35 1/4 JUL17 HI 5.03</div>
<div> LOW 4.21 LOW 4.92 3/4</div>
<div> CLOSE 4.29 Up 3 3/4 CLOSE 5.02 3/4 Up 8</div>
<div><br>
</div>
<div>Minni wheat closed slightly higher.</div>
<div>SEP16 HI 5.02 1/4 SEP17 HI 5.60</div>
<div> LOW 4.91 LOW 5.54 1/4</div>
<div> CLOSE 4.97 Up 1 3/4 CLOSE 5.57 1/2 Up 1 1/2</div>
<div><br>
</div>
<div>GFO Cash Wheat Prices - DEL Terminal</div>
<div>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</div>
<div>Basis 0.65 0.52 0.65 0.81</div>
<div>CAD $/bu 4.94 4.81 4.94 5.78</div>
<div>CAD $/tonne 181.64 176.79 181.64 212.24</div>
<div><br>
</div>
<div><br>
</div>
<div>Direct MarkHarvest 2016 Harvest 2017</div>
<div> DELIVERED BASIS DELIVERED BASIS</div>
<div>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</div>
<div>ELEVATORS</div>
<div>Brgssvll N/A 0.30 0.45 N/A N/A N/A 0.40 N/A</div>
<div>London 0.58 0.41 0.54 N/A 0.66 0.53 0.53 N/A</div>
<div>Hensall 0.50 N/A 0.45 N/A 0.60 N/A 0.40 N/A</div>
<div>Trenton N/A N/A 0.50 N/A N/A N/A 0.40 N/A</div>
<div>Winchester N/A N/A N/A N/A N/A N/A N/A N/A</div>
<div>Essex N/A N/A 0.40 N/A N/A N/A 0.42 N/A</div>
<div>Norwich 0.50 N/A 0.45 N/A 0.60 N/A 0.40 N/A</div>
<div>Port Hope N/A 0.50 0.45 0.50 N/A 0.35 0.40 N/A</div>
<div>Kent Bridge 0.50 N/A 0.45 N/A 0.60 N/A 0.40 N/A</div>
<div>Chatham N/A 0.30 0.45 N/A N/A N/A 0.35 N/A</div>
<div>Brigden N/A N/A 0.45 N/A N/A N/A 0.35 N/A</div>
<div>Palmerston N/A 0.40 0.45 0.60 N/A 0.40 0.55 0.55</div>
<div>Varna 0.55 0.40 0.45 N/A 0.55 0.45 0.45 N/A</div>
<div>Mitchell 0.50 0.25 0.45 N/A 0.60 0.35 0.40 N/A</div>
<div>Thornton N/A N/A N/A 0.37 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.48 0.62 0.77 N/A N/A N/A N/A</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A 0.75 0.75 0.45 N/A 0.60 0.65 0.45</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM 1.64 N/A 1.38 N/A N/A N/A 1.61 N/A</div>
<div><br>
</div>
<div>Toledo El. 4.22US 5.58CA 4.83US 6.37CA</div>
<div><br>
</div>
<div>GFO Contract Wheat Prices - DEL Terminal</div>
<div>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</div>
<div>Basis 1.08 1.02 0.49</div>
<div>CAD $/bu 6.11 6.04 5.52</div>
<div>CAD $/tonne 224.51 222.08 202.68</div>
<div><br>
</div>
<div>(C)-Basis over the Chicago Board of Trade futures</div>
<div>(M)-Basis over the Minneapolis Grain Exchange</div>
<div><br>
</div>
<div>FEED GRAINS</div>
<div>FOB Hm Soymeal 538.93</div>
<div>DDG's FOB Srn & Aylm 225.00 - 230.00</div>
<div><br>
</div>
_____
<p></p>
<p><br>
</p>
<p><span id="ms-rterangepaste-start"></span></p>
<div>Blair Andrews</div>
<div>Editor, AgriLink and Farm Market News </div>
<div>University of Guelph, Ridgetown Campus </div>
<div>Tel. 519-674-1500 x 63577 </div>
<div>Fax. 519-674-1530 </div>
<div><br>
</div>
<div>Click on this link: farmmarketnews-unsubscribe@list.gfo.ca to unsubscribe from this report.</div>
<div>This Farm Market News product is sponsored by:</div>
<div>Grain Farmers of Ontario</div>
<span id="ms-rterangepaste-end"></span><br>
<p></p>
<p><br>
</p>
<p><br>
</p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size:12pt; color:#000000; background-color:#FFFFFF; font-family:Calibri,Arial,Helvetica,sans-serif">
<p></p>
<div><br>
</div>
</div>
</div>
</div>
</body>
</html>