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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, August 3</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.308 down 0.0009</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div> SEP16 HI 3.28 3/4 DEC16 HI 3.38 1/2</div>
<div> LOW 3.22 1/4 LOW 3.32 1/4</div>
<div> CLOSE3.25 Up 3/4 CLOSE 3.35 Up 1</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 +DEC16+DEC16+DEC16</div>
<div>CK Low 1.00 4.25 167.32 0.75 4.10 161.41</div>
<div>CK High 1.05 4.30 169.28 0.80 4.15 163.38</div>
<div>CK Avg 1.04 0.03 4.29 168.96 0.76 -0.20 4.11 161.74</div>
<div>Essex Cty 1.00 4.25 167.32 0.75 4.10 161.41</div>
<div>Mdsx Low 1.05 4.30 169.28 0.75 4.10 161.41</div>
<div>Mdsx High 1.05 4.30 169.28 0.80 4.15 163.38</div>
<div>Mdsx Avg 1.05 0.04 4.30 169.28 0.78 -0.19 4.13 162.39</div>
<div>Hensall 1.05 4.30 169.28 0.80 4.15 163.38</div>
<div>Bruce 1.05 4.30 169.28 0.80 4.15 163.38</div>
<div>Putnam 1.00 4.25 167.32 0.75 4.10 161.41</div>
<div>Burford 1.05 4.30 169.28 0.75 4.10 161.41</div>
<div>Port Perry 1.05 4.30 169.28 0.80 4.15 163.38</div>
<div>Norfolk 1.05 4.30 169.28 0.80 4.15 163.38</div>
<div>Palmerston 1.00 4.25 167.32 0.75 4.10 161.41</div>
<div>Varna 1.05 4.30 169.28 0.80 4.15 163.38</div>
<div>Trenton 1.10 4.35 171.25 0.80 4.15 163.38</div>
<div>Winchester 1.22 4.47 175.98 0.96 4.31 169.68</div>
<div>North Gower 1.03 4.28 168.50 0.95 4.30 169.28</div>
<div>Huron FOB 1.20 4.45 175.19 0.80 4.15 163.38</div>
<div>Kent FOB 1.20 4.45 175.19 0.75 4.10 161.41</div>
<div>Lamb FOB 1.20 4.45 175.19 0.70 4.05 159.44</div>
<div>Mdsx FOB 1.00N/A N/A N/A 4.25 167.32 0.70 4.05 159.44</div>
<div>FOB SW Que 1.48 4.73 186.21N/A</div>
<div>Track 1.55 4.80 188.97N/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 0.95 4.30 169.28</div>
<div>Sarn-Eth 1.35 1.35N/A N/A 4.60 181.09 0.95 4.30 169.28</div>
<div>Kawartha N/A N/A N/A N/A 0.95 4.30 169.28</div>
<div>London-Ing 1.57 1.59 1.65 0.85 4.82 189.76 0.85 4.20 165.35</div>
<div>Pt.Colb-Ing 1.64 1.73 1.78 1.10 4.89 192.51 1.10 4.45 175.19</div>
<div>Cardnl-Ing N/A N/A 1.73N/A 1.01 4.36 171.65</div>
<div>W O Feed 1.64 4.89 192.59</div>
<div><br>
</div>
<div>US Rep 1.79 5.04 198.42</div>
<div>Toledo El. 0.09 3.34 131.55 -0.26 3.09 121.60</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN 0.77 1/2 4.12 1/2</div>
<div>HI SD CRN 0.80 4.15</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.308 down 0.0009</div>
<div>Chicago soybeans closed slightly higher.</div>
<div><br>
</div>
<div> NOV16 HI 9.66 1/2 NOV16 HI 9.66 1/2</div>
<div> LOW 9.50 LOW 9.50</div>
<div> CLOSE9.55 1/2 Up 2 1/2 CLOSE 9.55 1/2 Up 2 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 2.75 12.31 452.132.30 11.86 435.60</div>
<div>CK High 2.95 12.51 459.482.40 11.96 439.27</div>
<div>CK Average 2.87 -0.0512.42 456.482.35 -0.4411.91 437.50</div>
<div>Essex Cty 2.90 12.46 457.642.35 11.91 437.43</div>
<div>Mdsx Low 2.84 12.40 455.442.34 11.90 437.07</div>
<div>Mdsx High 2.90 12.46 457.642.35 11.91 437.43</div>
<div>Mdsx Average 2.87 -0.0512.43 456.542.35 -0.4411.90 437.25</div>
<div>Hensall 2.93 12.48 458.562.35 11.91 437.43</div>
<div>Bruce 2.90 12.46 457.642.35 11.91 437.43</div>
<div>Putnam 2.90 12.46 457.642.35 11.91 437.43</div>
<div>Burford 2.87 12.43 456.542.37 11.93 438.17</div>
<div>Port Perry 2.84 12.40 455.442.34 11.90 437.07</div>
<div>Norfolk 2.85 12.41 455.812.30 11.86 435.60</div>
<div>Palmerston 2.90 12.46 457.642.35 11.91 437.43</div>
<div>Varna 2.95 12.51 459.482.35 11.91 437.43</div>
<div>Trenton 2.90 12.46 457.642.60 12.16 446.62</div>
<div>Winchester N/A 2.23 11.79 433.02</div>
<div>North Gower N/A 2.43 11.99 440.37</div>
<div>Huron FOB 3.05 12.61 463.152.45 12.01 441.11</div>
<div>Kent FOB 3.05 12.61 463.152.40 11.96 439.27</div>
<div>Lambton FOB 3.05 12.61 463.152.55 12.11 444.78</div>
<div>Middlesex FOB3.05 N/A N/A N/A 12.61 463.152.54 12.10 444.42</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.46 3.46 2.94 3.00 13.02 478.222.94 12.50 459.11</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 11.66 428.252.90 12.46 457.64</div>
<div><br>
</div>
<div>Toledo El. 0.16 9.71 356.85-0.42 9.14 335.73</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.308 down 0.0009</div>
<div>Chicago wheat closed moderately higher.</div>
<div>SEP16 HI 4.15 JUL17 HI 4.87</div>
<div> LOW 4.01 LOW 4.75 3/4</div>
<div> CLOSE 4.10 1/4 Up 9 CLOSE 4.82 1/2 Up 6 1/4</div>
<div><br>
</div>
<div>Minni wheat closed slightly to moderately higher.</div>
<div>SEP16 HI 4.94 1/4 SEP17 HI 5.50</div>
<div> LOW 4.86 LOW 5.46</div>
<div> CLOSE 4.92 1/2 Up 6 CLOSE 5.47 1/2 Up 3 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 0.54 0.41 0.54 0.60</div>
<div>CAD $/bu 4.65 4.51 4.65 5.52</div>
<div>CAD $/tonne 170.67 165.87 170.67 202.98</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 0.35 N/A N/A N/A 0.40 N/A</div>
<div>London 0.46 0.29 0.42 N/A 0.57 0.44 0.44 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 0.60 N/A N/A N/A 0.45 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 0.35 N/A 0.60 N/A 0.45 N/A</div>
<div>Port Hope N/A 0.55 0.50 0.55 N/A 0.35 0.45 N/A</div>
<div>Kent Bridge 0.45 N/A 0.35 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 0.45 0.35 0.40 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 0.08 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.39 0.52 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 1.52 N/A 1.26 N/A N/A N/A 1.48 N/A</div>
<div><br>
</div>
<div>Toledo El. 4.03US 5.27CA 4.63US 6.04CA</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 0.82 0.76 0.50</div>
<div>CAD $/bu 5.65 5.58 5.32</div>
<div>CAD $/tonne 207.56 205.16 195.56</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 519.75</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><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New""><a href="callto:519-674-1500"><span style="color:#336699;text-decoration:none;
text-underline:none">519-674-1500</span></a><span class="apple-converted-space"><span style="color:#333333;background:#FDFDFD"> </span></span><span style="color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="color:#333333"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="color:#336699;text-decoration:none;
text-underline:none">519-674-1530</span></a><span class="apple-converted-space"><span style="color:#333333;background:#FDFDFD"> </span></span><span style="color:#333333"><br>
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></span></p>
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