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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 23</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3243 up 0.0022</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 3.64 3/4 DEC17 HI 3.82 3/4</u></div>
<div><u> LOW 3.56 1/2 LOW 3.74</u></div>
<div><u> CLOSE3.57 3/4 Down 5 CLOSE 3.75 1/4 Down 5 1/2</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +SEP17+SEP17+DEC17</u></div>
<div><u>CK Low 0.75 4.33 170.37 0.80 4.55 179.22</u></div>
<div><u>CK High 0.90 4.48 176.27 0.95 4.70 185.13</u></div>
<div><u>CK Avg 0.78 -0.29 4.35 171.35 0.86 -0.27 4.61 181.52</u></div>
<div><u>Essex Cty 0.70 4.28 168.40 0.80 4.55 179.22</u></div>
<div><u>Mdsx Low 0.75 4.33 170.37 0.85 4.60 181.19</u></div>
<div><u>Mdsx High 0.75 4.33 170.37 0.85 4.60 181.19</u></div>
<div><u>Mdsx Avg 0.75 -0.31 4.33 170.37 0.85 -0.28 4.60 181.19</u></div>
<div><u>Hensall 0.80 4.38 172.33 0.88 4.63 182.18</u></div>
<div><u>Bruce 0.80 4.38 172.33 1.00 4.75 187.10</u></div>
<div><u>Putnam 0.75 4.33 170.37 0.85 4.60 181.19</u></div>
<div><u>Burford 0.75 4.33 170.37 0.95 4.70 185.13</u></div>
<div><u>Port Perry 1.00 4.58 180.21 0.95 4.70 185.13</u></div>
<div><u>Norfolk 0.85 4.43 174.30 0.95 4.70 185.13</u></div>
<div><u>Palmerston 0.90 4.48 176.27 0.80 4.55 179.22</u></div>
<div><u>Varna 0.85 4.43 174.30 0.90 4.65 183.16</u></div>
<div><u>Trenton 1.20 4.78 188.08 1.00 4.75 187.10</u></div>
<div><u>Winchester 1.20 4.78 188.08 1.20 4.95 194.97</u></div>
<div><u>North Gower 1.11 4.69 184.54 1.13 4.88 192.22</u></div>
<div><u>Huron FOB 1.15 4.73 186.11 0.98 4.73 186.31</u></div>
<div><u>Kent FOB 1.05 4.63 182.18 0.85 4.60 181.19</u></div>
<div><u>Lamb FOB 1.00 4.58 180.21 0.85 4.60 181.19</u></div>
<div><u>Mdsx FOB 1.00 0.95 1.00N/A 4.58 180.21 0.95 4.70 185.13</u></div>
<div><u>FOB SW Que 1.55 5.13 201.86N/A</u></div>
<div><u>Track 1.25 4.83 190.05N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.32 1.10 4.85 191.03</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A 1.25 1.30 1.10 4.85 191.03</u></div>
<div><u>Sarn-Eth 1.20 1.20 1.25 1.25 4.78 188.08N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A 1.35 5.10 200.88</u></div>
<div><u>London-Ing N/A N/A N/A 1.33 1.20 4.95 194.97</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.20 4.95 194.97</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.55 1.30 5.05 198.91</u></div>
<div><u>W O Feed 1.40 4.98 196.11</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.43 5.01 197.14</u></div>
<div><u>Toledo El. -0.05 3.52 138.75 -0.33 3.42 134.70</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 0.78 4.36 171.55 0.95 4.70185 1/8</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.62 3/4</u></div>
<div><u>HI SD CRN 0.95 4.70 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3243 up 0.0022</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL17 HI 9.09 NOV17 HI 9.17 1/2</u></div>
<div><u> LOW 9.00 1/4 LOW 9.07</u></div>
<div><u> CLOSE9.04 1/2 Up 1/2 CLOSE 9.11 Down 2 1/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +JUL1+AUG1+NOV17</u></div>
<div><u>CK Low 2.40 11.45 420.532.00 11.11 408.22</u></div>
<div><u>CK High 2.55 11.60 426.042.20 11.31 415.57</u></div>
<div><u>CK Average 2.47 -0.3511.52 423.172.12 -0.6311.23 412.45</u></div>
<div><u>Essex Cty 2.50 11.55 424.212.10 11.21 411.90</u></div>
<div><u>Mdsx Low 2.45 11.50 422.372.10 11.21 411.90</u></div>
<div><u>Mdsx High 2.46 11.51 422.742.14 11.25 413.37</u></div>
<div><u>Mdsx Average 2.46 -0.3611.50 422.552.12 -0.6311.23 412.63</u></div>
<div><u>Hensall 2.53 11.57 425.122.18 11.29 414.65</u></div>
<div><u>Bruce 2.45 11.50 422.372.10 11.21 411.90</u></div>
<div><u>Putnam 2.55 11.60 426.042.20 11.31 415.57</u></div>
<div><u>Burford 2.55 11.60 426.042.21 11.32 415.94</u></div>
<div><u>Port Perry 2.48 11.53 423.472.14 11.25 413.37</u></div>
<div><u>Norfolk 2.55 11.60 426.042.20 11.31 415.57</u></div>
<div><u>Palmerston 2.50 11.55 424.212.15 11.26 413.73</u></div>
<div><u>Varna 2.60 11.65 427.882.25 11.36 417.41</u></div>
<div><u>Trenton 2.55 11.60 426.042.25 11.36 417.41</u></div>
<div><u>Winchester 2.40 11.45 420.532.70 11.81 433.94</u></div>
<div><u>North Gower 2.36 11.41 419.062.49 11.60 426.23</u></div>
<div><u>Huron FOB 2.75 11.80 433.392.35 11.46 421.08</u></div>
<div><u>Kent FOB 2.65 11.70 429.722.15 11.26 413.73</u></div>
<div><u>Lambton FOB 2.55 11.60 426.042.25 11.36 417.41</u></div>
<div><u>Middlesex FOB2.74 2.70 N/A N/A 11.79 433.022.31 11.42 419.61</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.96 2.90 2.85 N/A 12.01 441.112.65 11.76 432.11</u></div>
<div><u> </u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.50 11.55 424.212.60 11.71 430.27</u></div>
<div><u>Sarnia 2.24 11.29 414.652.63 11.74 431.37</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.17 8.87 326.02-0.64 8.47 311.38</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3243 up 0.0022</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL17 HI 4.67 JUL17 HI 4.67</u></div>
<div><u> LOW 4.59 LOW 4.59</u></div>
<div><u> CLOSE 4.59 3/4 Down 1 1/2 CLOSE 4.59 3/4 Down 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL17 HI 6.73 SEP17 HI 6.78</u></div>
<div><u> LOW 6.52 1/2 LOW 6.56</u></div>
<div><u> CLOSE 6.61 1/4 Up 5 CLOSE 6.66 1/4 Up 5</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.56 0.56 0.56 0.49</u></div>
<div><u>CAD $/bu 5.16 5.16 5.16 7.10</u></div>
<div><u>CAD $/tonne 189.66 189.66 189.66 260.94</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2016 Harvest 2017</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 0.85 N/A N/A N/A 0.90 N/A</u></div>
<div><u>London 0.92 0.79 0.92 N/A 1.19 0.99 0.92 N/A</u></div>
<div><u>Hensall 0.95 N/A 0.85 N/A 1.10 N/A 0.90 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Bruce 0.95 0.75 0.85 N/A 1.10 0.90 0.90 0.40</u></div>
<div><u>Essex N/A N/A 0.87 N/A N/A N/A 0.86 N/A</u></div>
<div><u>Norwich 0.95 N/A 0.85 N/A 1.10 N/A 0.90 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A 0.95 1.00 N/A</u></div>
<div><u>Kent Bridge 0.95 N/A 0.85 N/A 1.10 N/A 0.90 N/A</u></div>
<div><u>Chatham N/A N/A 0.85 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 0.85 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Palmerston N/A 0.75 0.90 0.45 N/A 0.90 0.90 0.60</u></div>
<div><u>Varna 1.00 0.95 0.90 N/A 1.25 0.95 0.95 N/A</u></div>
<div><u>Mitchell 0.95 0.85 0.85 N/A 1.10 0.90 0.90 N/A</u></div>
<div><u>Thornton N/A N/A N/A -0.17 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.46 0.46 0.26 N/A 1.26 1.26 0.64</u></div>
<div><u>W O Feed 1.53</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.52 N/A 1.34 N/A 1.48 N/A 1.39 N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.42N/A N/A N/A 1.42N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.50US 5.96CA 4.50US 5.96CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.29 1.23 1.23 0.77</u></div>
<div><u>CAD $/bu 5.89 5.82 5.82 7.43</u></div>
<div><u>CAD $/tonne 216.42 213.99 213.99 273.11</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 442.70</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00</u></div>
<div><br>
</div>
<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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153); text-decoration-line: 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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153); text-decoration-line: 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;
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<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%;
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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></p>
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