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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, August 1</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3041 up 0.0000</div>
<div>Chicago corn closed moderately lower.</div>
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</div>
<div> SEP16 HI 3.33 3/4 DEC16 HI 3.42 1/4</div>
<div> LOW 3.25 1/2 LOW 3.34</div>
<div> CLOSE3.25 3/4 Down 8 3/4 CLOSE 3.34 1/4 Down 8 1/2</div>
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</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 +DEC16+DEC16+DEC16</div>
<div>CK Low 0.90 4.16 163.67 0.70 4.04 159.15</div>
<div>CK High 1.00 4.26 167.61 0.75 4.09 161.11</div>
<div>CK Avg 0.98 -0.02 4.24 166.95 0.74 -0.22 4.08 160.79</div>
<div>Essex Cty 1.00 4.26 167.61 0.75 4.09 161.11</div>
<div>Mdsx Low 1.00 4.26 167.61 0.75 4.09 161.11</div>
<div>Mdsx High 1.00 4.26 167.61 0.80 4.14 163.08</div>
<div>Mdsx Avg 1.00 -0.01 4.26 167.61 0.78 -0.20 4.12 162.10</div>
<div>Hensall 1.03 4.28 168.59 0.80 4.14 163.08</div>
<div>Bruce 1.00 4.26 167.61 0.80 4.14 163.08</div>
<div>Putnam 1.00 4.26 167.61 0.75 4.09 161.11</div>
<div>Burford 1.00 4.26 167.61 0.75 4.09 161.11</div>
<div>Port Perry 1.00 4.26 167.61 0.80 4.14 163.08</div>
<div>Norfolk 1.00 4.26 167.61 0.75 4.09 161.11</div>
<div>Palmerston 1.00 4.26 167.61 0.75 4.09 161.11</div>
<div>Varna 1.05 4.31 169.58 0.80 4.14 163.08</div>
<div>Trenton 1.10 4.36 171.55 0.80 4.14 163.08</div>
<div>Winchester 1.15 4.41 173.52 1.00 4.34 170.96</div>
<div>North Gower 0.92 4.18 164.46 0.95 4.29 168.99</div>
<div>Huron FOB 1.15 4.41 173.52 0.85 4.19 165.05</div>
<div>Kent FOB 1.15 4.41 173.52 0.75 4.09 161.11</div>
<div>Lamb FOB 1.20 4.46 175.48 0.70 4.04 159.15</div>
<div>Mdsx FOB 1.10 1.10 1.05N/A 4.36 171.55 0.75 4.09 161.11</div>
<div>FOB SW Que 1.48 4.74 186.51N/A</div>
<div>Track 1.55 4.81 189.26N/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 1.35N/A N/A 0.85 4.19 165.05</div>
<div>Sarn-Eth 1.35 1.35N/A N/A 4.61 181.39 0.95 4.29 168.99</div>
<div>Kawartha N/A N/A N/A N/A 0.95 4.29 168.99</div>
<div>London-Ing 1.44 1.53 1.59 0.85 4.70 184.93 0.85 4.19 165.05</div>
<div>Pt.Colb-Ing 1.57 1.66 1.73N/A 4.83 190.05N/A</div>
<div>Cardnl-Ing N/A N/A 1.73 1.01 1.01 4.35 171.35</div>
<div>W O Feed 1.66 4.92 193.51</div>
<div><br>
</div>
<div>US Rep 1.80 5.06 199.10</div>
<div>Toledo El. 0.09 3.35 131.85 -0.26 3.08 121.29</div>
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</div>
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</div>
<div>MID SD CRN 0.72 1/2 4.06 3/4</div>
<div>HI SD CRN 0.75 4.09 1/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
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</div>
<div>Bank of Canada Noon exchange rate was 1.3041 up 0.0000</div>
<div>Chicago soybeans closed lower.</div>
<div><br>
</div>
<div> NOV16 HI 10.00 NOV16 HI 10.00</div>
<div> LOW 9.58 1/4 LOW 9.58 1/4</div>
<div> CLOSE9.61 1/2 Down 41 1/2 CLOSE 9.61 1/2 Down 41 1/2</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 +NOV1+NOV1+NOV16</div>
<div>CK Low 2.90 12.52 459.852.27 11.89 436.70</div>
<div>CK High 3.10 12.72 467.202.45 12.07 443.31</div>
<div>CK Average 2.98 0.00 12.60 462.792.40 -0.4412.01 441.29</div>
<div>Essex Cty 2.95 12.57 461.682.45 12.07 443.31</div>
<div>Mdsx Low 2.88 12.50 459.112.25 11.87 435.96</div>
<div>Mdsx High 3.05 12.67 465.362.40 12.02 441.48</div>
<div>Mdsx Average 2.97 -0.0112.58 462.242.33 -0.4911.94 438.72</div>
<div>Hensall 2.98 12.59 462.602.38 11.99 440.56</div>
<div>Bruce 3.05 12.67 465.362.40 12.02 441.48</div>
<div>Putnam 3.05 12.67 465.362.40 12.02 441.48</div>
<div>Burford 2.91 12.53 460.212.28 11.90 437.07</div>
<div>Port Perry 2.88 12.50 459.112.25 11.87 435.96</div>
<div>Norfolk 2.90 12.52 459.852.35 11.97 439.64</div>
<div>Palmerston 2.95 12.57 461.682.45 12.07 443.31</div>
<div>Varna 2.90 12.52 459.852.35 11.97 439.64</div>
<div>Trenton 3.05 12.67 465.362.60 12.22 448.82</div>
<div>Winchester N/A 2.50 12.12 445.15</div>
<div>North Gower 2.80 12.42 456.172.55 12.17 446.99</div>
<div>Huron FOB 3.05 12.67 465.362.45 12.07 443.31</div>
<div>Kent FOB 3.05 12.67 465.362.45 12.07 443.31</div>
<div>Lambton FOB 3.25 12.87 472.712.70 12.32 452.50</div>
<div>Middlesex FOB3.11 3.11 N/A N/A 12.73 467.562.55 12.17 446.99</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.45 3.52 3.00 3.06 13.07 480.063.00 12.62 463.52</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 2.10 11.72 430.452.90 12.52 459.85</div>
<div><br>
</div>
<div>Toledo El. 0.16 9.77 359.07-0.42 9.20 337.91</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3041 up 0.0000</div>
<div>Chicago wheat closed slightly lower.</div>
<div>SEP16 HI 4.15 1/2 JUL17 HI 4.86 3/4</div>
<div> LOW 4.04 3/4 LOW 4.78 3/4</div>
<div> CLOSE 4.06 Down 1 3/4 CLOSE 4.79 3/4 Down 3/4</div>
<div><br>
</div>
<div>Minni wheat closed slightly lower.</div>
<div>SEP16 HI 4.91 SEP17 HI 5.44 1/2</div>
<div> LOW 4.83 1/2 LOW 5.44 1/2</div>
<div> CLOSE 4.84 3/4 Down 3 1/2 CLOSE 5.44 1/2 Down 2 3/4</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 0.54 0.41 0.54 0.59</div>
<div>CAD $/bu 4.60 4.47 4.60 5.43</div>
<div>CAD $/tonne 168.95 164.14 168.95 199.64</div>
<div><br>
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<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 0.35 0.40 N/A N/A N/A 0.45 N/A</div>
<div>London 0.47 0.30 0.36 N/A 0.55 0.42 0.42 N/A</div>
<div>Hensall 0.45 N/A 0.40 N/A 0.60 N/A 0.45 N/A</div>
<div>Trenton N/A N/A 0.55 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 0.38 N/A</div>
<div>Norwich 0.45 N/A 0.40 N/A 0.60 N/A 0.45 N/A</div>
<div>Port Hope N/A 0.55 0.50 0.60 N/A 0.35 0.45 N/A</div>
<div>Kent Bridge 0.45 N/A 0.40 N/A 0.60 N/A 0.45 N/A</div>
<div>Chatham N/A 0.30 0.40 N/A N/A N/A 0.45 N/A</div>
<div>Brigden N/A N/A 0.40 N/A N/A N/A 0.45 N/A</div>
<div>Palmerston N/A 0.40 0.45 0.60 N/A 0.40 0.60 0.55</div>
<div>Varna 0.50 0.40 0.45 N/A 0.55 0.45 0.45 N/A</div>
<div>Mitchell 0.45 0.30 0.40 N/A 0.60 0.35 0.45 N/A</div>
<div>Thornton N/A N/A N/A 0.14 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.44 0.57 0.62 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 1.52 N/A 1.26 N/A N/A N/A 1.48 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.99US 5.23CA 4.60US 6.02CA</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 0.83 0.76 0.50</div>
<div>CAD $/bu 5.62 5.56 5.30</div>
<div>CAD $/tonne 206.60 204.20 194.58</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 530.99</div>
<div>DDG's FOB Srn & Aylm 205.00 - 210.00</div>
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<div><span id="ms-rterangepaste-start"></span>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1500</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size:10.0pt;line-height:115%;
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background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
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