<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:10pt;color:#000000;background-color:#FFFFFF;font-family:'Courier New',monospace;">
<p></p>
<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, August 23</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.2902 down 0.0040</div>
<div>Chicago corn closed slightly lower.</div>
<div><br>
</div>
<div> SEP16 HI 3.33 DEC16 HI 3.42 1/4</div>
<div> LOW 3.26 1/2 LOW 3.35 1/4</div>
<div> CLOSE3.28 1/2 Down 4 3/4 CLOSE 3.37 1/4 Down 5 1/4</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 1.15 4.44 174.60 0.85 4.22 166.23</div>
<div>CK High 1.15 4.44 174.60 0.85 4.22 166.23</div>
<div>CK Avg 1.15 0.15 4.44 174.60 0.85 -0.10 4.22 166.23</div>
<div>Essex Cty 1.15 4.44 174.60 0.85 4.22 166.23</div>
<div>Mdsx Low 1.15 4.44 174.60 0.85 4.22 166.23</div>
<div>Mdsx High 1.15 4.44 174.60 0.90 4.27 168.20</div>
<div>Mdsx Avg 1.15 0.15 4.44 174.60 0.88 -0.08 4.25 167.22</div>
<div>Hensall 1.15 4.44 174.60 0.90 4.27 168.20</div>
<div>Bruce 1.15 4.44 174.60 0.90 4.27 168.20</div>
<div>Putnam 1.15 4.44 174.60 0.85 4.22 166.23</div>
<div>Burford 1.15 4.44 174.60 0.85 4.22 166.23</div>
<div>Port Perry 1.15 4.44 174.60 0.85 4.22 166.23</div>
<div>Norfolk 1.15 4.44 174.60 0.90 4.27 168.20</div>
<div>Palmerston 1.15 4.44 174.60 0.85 4.22 166.23</div>
<div>Varna 1.15 4.44 174.60 0.90 4.27 168.20</div>
<div>Trenton 1.20 4.49 176.57 0.90 4.27 168.20</div>
<div>Winchester 1.25 4.54 178.54 1.10 4.47 176.07</div>
<div>North Gower 1.27 4.56 179.32 1.07 4.44 174.89</div>
<div>Huron FOB 1.30 4.59 180.50 0.90 4.27 168.20</div>
<div>Kent FOB 1.30 4.59 180.50 0.85 4.22 166.23</div>
<div>Lamb FOB 1.30 4.59 180.50 0.85 4.22 166.23</div>
<div>Mdsx FOB 1.25N/A N/A N/A 4.54 178.54 0.85 4.22 166.23</div>
<div>FOB SW Que 1.70 4.99 196.25N/A</div>
<div>Track 1.50 4.79 188.38N/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 1.45N/A 1.00 1.00 4.37 172.14</div>
<div>Sarn-Eth 1.50 1.50 1.15N/A 4.79 188.38 1.15 4.52 178.04</div>
<div>Kawartha N/A N/A N/A N/A N/A</div>
<div>London-Ing N/A N/A 1.59 0.97 0.97 4.34 170.96</div>
<div>Pt.Colb-Ing N/A N/A N/A N/A N/A</div>
<div>Cardnl-Ing N/A N/A 1.35 1.15 1.15 4.52 178.04</div>
<div>W O Feed 1.73 5.02 197.43</div>
<div><br>
</div>
<div>US Rep 1.77 5.06 199.01</div>
<div>Toledo El. 0.09 3.38 132.88 -0.26 3.11 122.62</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN 0.85 4.22 1/4</div>
<div>HI SD CRN 0.85 4.22 1/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.2902 down 0.0040</div>
<div>Chicago soybeans closed slightly lower.</div>
<div><br>
</div>
<div> NOV16 HI 10.16 3/4 NOV16 HI 10.16 3/4</div>
<div> LOW 10.06 1/2 LOW 10.06 1/2</div>
<div> CLOSE10.13 1/2 Down 2 1/4 CLOSE 10.13 1/2 Down 2 1/4</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 2.80 12.94 475.282.25 12.39 455.14</div>
<div>CK High 2.95 13.09 480.792.52 12.66 464.99</div>
<div>CK Average 2.91 -0.0313.04 479.202.44 -0.3812.57 461.94</div>
<div>Essex Cty 2.95 13.09 480.792.55 12.69 466.09</div>
<div>Mdsx Low 2.90 13.04 478.952.40 12.54 460.58</div>
<div>Mdsx High 2.92 13.06 479.692.50 12.64 464.26</div>
<div>Mdsx Average 2.91 -0.0313.05 479.322.45 -0.3712.59 462.42</div>
<div>Hensall 2.88 13.01 478.042.43 12.56 461.50</div>
<div>Bruce 2.90 13.04 478.952.40 12.54 460.58</div>
<div>Putnam 2.90 13.04 478.952.40 12.54 460.58</div>
<div>Burford 2.95 13.09 480.792.53 12.67 465.36</div>
<div>Port Perry 2.92 13.06 479.692.50 12.64 464.26</div>
<div>Norfolk 2.85 12.99 477.122.55 12.69 466.09</div>
<div>Palmerston 2.95 13.09 480.792.55 12.69 466.09</div>
<div>Varna 2.85 12.99 477.122.40 12.54 460.58</div>
<div>Trenton N/A 2.65 12.79 469.77</div>
<div>Winchester N/A 2.38 12.52 459.85</div>
<div>North Gower N/A 2.60 12.74 467.93</div>
<div>Huron FOB 2.95 13.09 480.792.55 12.69 466.09</div>
<div>Kent FOB 3.00 13.14 482.632.50 12.64 464.26</div>
<div>Lambton FOB 3.10 13.24 486.302.55 12.69 466.09</div>
<div>Middlesex FOB3.07 3.07 N/A N/A 13.21 485.202.67 12.81 470.50</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.40 3.40 2.95 3.00 13.54 497.332.95 13.09 480.79</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 3.00 13.14 482.633.10 13.24 486.30</div>
<div><br>
</div>
<div>Toledo El. 0.06 10.20 374.77-0.41 9.72 357.24</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.2902 down 0.0040</div>
<div>Chicago wheat closed moderately lower.</div>
<div>SEP16 HI 4.15 JUL17 HI 4.79 3/4</div>
<div> LOW 4.06 3/4 LOW 4.72 3/4</div>
<div> CLOSE 4.07 3/4 Down 7 1/2 CLOSE 4.73 1/2 Down 7 1/2</div>
<div><br>
</div>
<div>Minni wheat closed slightly to moderately lower.</div>
<div>DEC16 HI 5.24 1/2 SEP17 HI 5.56 1/4</div>
<div> LOW 5.14 1/2 LOW 5.52 3/4</div>
<div> CLOSE 5.15 3/4 Down 8 3/4 CLOSE 5.52 3/4 Down 5 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 0.48 0.35 0.67 0.15</div>
<div>CAD $/bu 4.55 4.42 4.75 5.30</div>
<div>CAD $/tonne 167.33 162.59 174.44 194.84</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 0.35 0.35 N/A N/A N/A 0.40 N/A</div>
<div>London N/A N/A 0.36 N/A N/A N/A 0.40 N/A</div>
<div>Hensall 0.35 N/A 0.35 N/A 0.55 N/A 0.40 N/A</div>
<div>Trenton N/A N/A 0.50 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 0.30 N/A N/A N/A 0.30 N/A</div>
<div>Norwich 0.35 N/A 0.35 N/A 0.55 N/A 0.40 N/A</div>
<div>Port Hope N/A 0.50 0.40 0.50 N/A 0.35 0.40 N/A</div>
<div>Kent Bridge 0.35 N/A 0.35 N/A 0.55 N/A 0.40 N/A</div>
<div>Chatham N/A 0.30 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 0.50 0.35 0.30 N/A 0.40 0.45 0.50</div>
<div>Varna 0.40 0.30 0.35 N/A 0.50 0.40 0.40 N/A</div>
<div>Mitchell 0.35 0.30 0.35 N/A 0.55 0.35 0.40 N/A</div>
<div>Thornton N/A N/A N/A 0.04 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.58 0.91 0.19 N/A N/A N/A N/A</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A 0.60 0.80 0.35 N/A 0.60 0.65 0.45</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.19 N/A N/A N/A 1.37 N/A</div>
<div><br>
</div>
<div>Toledo El. 4.01US 5.17CA 4.54US 5.84CA</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 0.72 0.66 0.40</div>
<div>CAD $/bu 5.46 5.39 5.14</div>
<div>CAD $/tonne 200.55 198.19 188.71</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 -</div>
<div>DDG's FOB Srn & Aylm 170.00 - 175.00</div>
<div><br>
</div>
<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%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1530</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"><br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><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"> to
unsubscribe from this report.</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<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></p>
<span id="ms-rterangepaste-end"></span><br>
</div>
<div><br>
</div>
<br>
<p></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>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>