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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, August 2</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3089 up 0.0048</div>
<div>Chicago corn closed slightly lower.</div>
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</div>
<div> SEP16 HI 3.27 1/2 DEC16 HI 3.36 1/2</div>
<div> LOW 3.19 1/2 LOW 3.29</div>
<div> CLOSE3.24 1/4 Down 1 1/2 CLOSE 3.34 Down 1/4</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 1.00 4.24 167.02 0.75 4.09 161.02</div>
<div>CK High 1.05 4.29 168.99 0.80 4.14 162.98</div>
<div>CK Avg 1.01 0.01 4.25 167.35 0.76 -0.20 4.10 161.34</div>
<div>Essex Cty 1.00 4.24 167.02 0.75 4.09 161.02</div>
<div>Mdsx Low 1.00 4.24 167.02 0.75 4.09 161.02</div>
<div>Mdsx High 1.00 4.24 167.02 0.80 4.14 162.98</div>
<div>Mdsx Avg 1.00 0.00 4.24 167.02 0.78 -0.19 4.12 162.00</div>
<div>Hensall 1.03 4.27 168.00 0.80 4.14 162.98</div>
<div>Bruce 1.00 4.24 167.02 0.80 4.14 162.98</div>
<div>Putnam 1.00 4.24 167.02 0.75 4.09 161.02</div>
<div>Burford 1.00 4.24 167.02 0.75 4.09 161.02</div>
<div>Port Perry 1.00 4.24 167.02 0.80 4.14 162.98</div>
<div>Norfolk 1.00 4.24 167.02 0.80 4.14 162.98</div>
<div>Palmerston 1.00 4.24 167.02 0.75 4.09 161.02</div>
<div>Varna 1.05 4.29 168.99 0.80 4.14 162.98</div>
<div>Trenton 1.10 4.34 170.96 0.80 4.14 162.98</div>
<div>Winchester 1.18 4.42 174.11 1.23 4.57 179.91</div>
<div>North Gower 0.92 4.16 163.87 0.95 4.29 168.89</div>
<div>Huron FOB 1.10 4.34 170.96 0.82 4.16 163.77</div>
<div>Kent FOB 1.15 4.39 172.93 0.75 4.09 161.02</div>
<div>Lamb FOB 1.20 4.44 174.89 0.70 4.04 159.05</div>
<div>Mdsx FOB 1.10 1.10 1.05N/A 4.34 170.96 0.75 4.09 161.02</div>
<div>FOB SW Que 1.48 4.72 185.92N/A</div>
<div>Track 1.55 4.79 188.67N/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 4.19 164.95</div>
<div>Sarn-Eth 1.35 1.35N/A N/A 4.59 180.80 0.95 4.29 168.89</div>
<div>Kawartha N/A N/A N/A N/A 0.95 4.29 168.89</div>
<div>London-Ing 1.44 1.53 1.59 0.85 4.68 184.34 0.85 4.19 164.95</div>
<div>Pt.Colb-Ing 1.57 1.66 1.73N/A 4.81 189.46N/A</div>
<div>Cardnl-Ing N/A N/A 1.73 1.01 1.01 4.35 171.25</div>
<div>W O Feed 1.68 4.92 193.87</div>
<div><br>
</div>
<div>US Rep 1.79 5.03 198.12</div>
<div>Toledo El. 0.09 3.33 131.26 -0.26 3.08 121.20</div>
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</div>
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</div>
<div>MID SD CRN 0.77 1/2 4.11 1/2</div>
<div>HI SD CRN 0.80 4.141</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3089 up 0.0048</div>
<div>Chicago soybeans closed slightly lower.</div>
<div><br>
</div>
<div> NOV16 HI 9.68 NOV16 HI 9.68</div>
<div> LOW 9.43 LOW 9.43</div>
<div> CLOSE9.53 Down 8 1/2 CLOSE 9.53 Down 8 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 2.70 12.23 449.382.30 11.83 434.68</div>
<div>CK High 2.90 12.43 456.722.35 11.88 436.52</div>
<div>CK Average 2.84 -0.0812.37 454.582.32 -0.4611.85 435.41</div>
<div>Essex Cty 2.90 12.43 456.722.35 11.88 436.52</div>
<div>Mdsx Low 2.80 12.33 453.052.30 11.83 434.68</div>
<div>Mdsx High 2.85 12.38 454.892.30 11.83 434.68</div>
<div>Mdsx Average 2.83 -0.0912.36 453.972.30 -0.4811.83 434.68</div>
<div>Hensall 2.93 12.46 457.642.35 11.88 436.52</div>
<div>Bruce 2.85 12.38 454.892.30 11.83 434.68</div>
<div>Putnam 3.05 12.58 462.242.40 11.93 438.35</div>
<div>Burford 2.83 12.36 454.152.33 11.86 435.78</div>
<div>Port Perry 2.80 12.33 453.052.30 11.83 434.68</div>
<div>Norfolk 2.85 12.38 454.892.30 11.83 434.68</div>
<div>Palmerston 2.95 12.48 458.562.45 11.98 440.19</div>
<div>Varna 3.00 12.53 460.402.40 11.93 438.35</div>
<div>Trenton 3.05 12.58 462.242.55 12.08 443.86</div>
<div>Winchester N/A 2.31 11.84 435.05</div>
<div>North Gower N/A 2.54 12.07 443.50</div>
<div>Huron FOB 3.10 12.63 464.072.50 12.03 442.03</div>
<div>Kent FOB 3.00 12.53 460.402.40 11.93 438.35</div>
<div>Lambton FOB 3.25 12.78 469.582.70 12.23 449.38</div>
<div>Middlesex FOB3.03 N/A N/A N/A 12.56 461.502.47 12.00 440.92</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.38 3.38 2.86 N/A 12.91 474.362.86 12.39 455.25</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 11.63 427.332.90 12.43 456.72</div>
<div><br>
</div>
<div>Toledo El. 0.16 9.69 355.94-0.42 9.11 334.80</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3089 up 0.0048</div>
<div>Chicago wheat closed slightly lower.</div>
<div>SEP16 HI 4.10 1/2 JUL17 HI 4.83</div>
<div> LOW 3.99 1/4 LOW 4.74 3/4</div>
<div> CLOSE 4.01 1/4 Down 4 3/4 CLOSE 4.76 1/4 Down 3 1/2</div>
<div><br>
</div>
<div>Minni wheat closed narrowly mixed.</div>
<div>SEP16 HI 4.87 3/4 SEP17 HI 5.44 1/4</div>
<div> LOW 4.82 1/2 LOW 5.42 1/4</div>
<div> CLOSE 4.86 1/2 Up 1 3/4 CLOSE 5.44 1/4 Down 1/4</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 0.52 0.39 0.52 0.59</div>
<div>CAD $/bu 4.53 4.40 4.53 5.45</div>
<div>CAD $/tonne 166.48 161.67 166.48 200.26</div>
<div><br>
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<div><br>
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<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 0.35 N/A N/A N/A 0.40 N/A</div>
<div>London 0.46 0.29 0.42 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 0.35 N/A N/A N/A 0.30 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 0.25 0.35 N/A N/A N/A 0.40 N/A</div>
<div>Brigden N/A N/A 0.35 N/A N/A N/A 0.40 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 0.07 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.41 0.54 0.59 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 1.50 N/A 1.24 N/A N/A N/A 1.46 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.94US 5.16CA 4.56US 5.96CA</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 0.81 0.74 0.48</div>
<div>CAD $/bu 5.57 5.51 5.25</div>
<div>CAD $/tonne 204.73 202.33 192.72</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 518.43</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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