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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 11</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.29 up 0.0032</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP17 HI 4.04 3/4 DEC17 HI 4.17 1/4</u></div>
<div><u> LOW 3.94 1/2 LOW 4.07</u></div>
<div><u> CLOSE4.01 3/4 Down 1/4 CLOSE 4.14 1/4 Down 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+DEC17+DEC17</u></div>
<div><u>CK Low 0.65 4.67 183.75 0.70 4.84 190.64</u></div>
<div><u>CK High 0.75 4.77 187.69 0.85 4.99 196.55</u></div>
<div><u>CK Avg 0.67 -0.39 4.68 184.41 0.76 -0.34 4.90 192.94</u></div>
<div><u>Essex Cty 0.55 4.57 179.81 0.70 4.84 190.64</u></div>
<div><u>Mdsx Low 0.65 4.67 183.75 0.75 4.89 192.61</u></div>
<div><u>Mdsx High 0.65 4.67 183.75 0.75 4.89 192.61</u></div>
<div><u>Mdsx Avg 0.65 -0.40 4.67 183.75 0.75 -0.34 4.89 192.61</u></div>
<div><u>Hensall 0.67 4.68 184.34 0.77 4.91 193.20</u></div>
<div><u>Bruce 0.65 4.67 183.75 0.75 4.89 192.61</u></div>
<div><u>Putnam 0.65 4.67 183.75 0.75 4.89 192.61</u></div>
<div><u>Burford 0.65 4.67 183.75 0.85 4.99 196.55</u></div>
<div><u>Port Perry 0.90 4.92 193.59 0.85 4.99 196.55</u></div>
<div><u>Norfolk 0.75 4.77 187.69 0.85 4.99 196.55</u></div>
<div><u>Palmerston 0.75 4.77 187.69 0.75 4.89 192.61</u></div>
<div><u>Varna 0.70 4.72 185.72 0.80 4.94 194.58</u></div>
<div><u>Trenton 1.10 5.12 201.47 0.95 5.09 200.48</u></div>
<div><u>Winchester 1.15 5.17 203.44 1.20 5.34 210.32</u></div>
<div><u>North Gower 1.10 5.12 201.47 1.10 5.24 206.39</u></div>
<div><u>Huron FOB 0.87 4.89 192.41 0.85 4.99 196.55</u></div>
<div><u>Kent FOB 0.85 4.87 191.63 0.75 4.89 192.61</u></div>
<div><u>Lamb FOB 0.90 4.92 193.59 0.75 4.89 192.61</u></div>
<div><u>Mdsx FOB 0.85 0.85N/A N/A 4.87 191.63 0.80 4.94 194.58</u></div>
<div><u>FOB SW Que 1.30 5.32 209.34N/A</u></div>
<div><u>Track 1.15 5.17 203.44N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A N/A</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 1.10 0.95 0.95 5.09 200.48</u></div>
<div><u>Sarn-Eth 1.00 1.05 1.00N/A 5.02 197.53N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A 1.15 5.29 208.36</u></div>
<div><u>London-Ing N/A N/A 1.15 1.10 1.10 5.24 206.39</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.15 5.29 208.36</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.30 1.30 5.44 214.26</u></div>
<div><u>W O Feed 1.31 5.33 209.66</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.41 5.43 213.67</u></div>
<div><u>Toledo El. -0.10 3.91 154.10 -0.32 3.82 150.41</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A 0.95 5.09200 1/2</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.91 3/4</u></div>
<div><u>HI SD CRN 0.85 4.99 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 1.29 up 0.0032</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG17 HI 10.32 1/2 NOV17 HI 10.47</u></div>
<div><u> LOW 10.08 LOW 10.22 1/4</u></div>
<div><u> CLOSE10.29 1/4 Up 4 1/2 CLOSE 10.43 1/4 Up 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 +AUG1+NOV1+NOV17</u></div>
<div><u>CK Low 2.30 12.59 462.702.10 12.53 460.49</u></div>
<div><u>CK High 2.38 12.67 465.632.15 12.58 462.33</u></div>
<div><u>CK Average 2.32 -0.5112.61 463.492.11 -0.6912.54 460.86</u></div>
<div><u>Essex Cty 2.30 12.59 462.702.00 12.43 456.82</u></div>
<div><u>Mdsx Low 2.35 12.64 464.532.11 12.54 460.86</u></div>
<div><u>Mdsx High 2.38 12.67 465.632.15 12.58 462.33</u></div>
<div><u>Mdsx Average 2.37 -0.4812.66 465.082.13 -0.6812.56 461.59</u></div>
<div><u>Hensall 2.35 12.64 464.532.15 12.58 462.33</u></div>
<div><u>Bruce 2.35 12.64 464.532.15 12.58 462.33</u></div>
<div><u>Putnam 2.35 12.64 464.532.15 12.58 462.33</u></div>
<div><u>Burford 2.45 12.74 468.212.18 12.61 463.43</u></div>
<div><u>Port Perry 2.38 12.67 465.632.11 12.54 460.86</u></div>
<div><u>Norfolk 2.35 12.64 464.532.20 12.63 464.16</u></div>
<div><u>Palmerston 2.35 12.64 464.532.10 12.53 460.49</u></div>
<div><u>Varna 2.35 12.64 464.532.15 12.58 462.33</u></div>
<div><u>Trenton 2.35 12.64 464.532.00 12.43 456.82</u></div>
<div><u>Winchester 2.35 12.64 464.532.35 12.78 469.68</u></div>
<div><u>North Gower 2.24 12.53 460.492.35 12.78 469.68</u></div>
<div><u>Huron FOB 2.45 12.74 468.212.25 12.68 466.00</u></div>
<div><u>Kent FOB 2.45 12.74 468.212.10 12.53 460.49</u></div>
<div><u>Lambton FOB 2.55 12.84 471.882.25 12.68 466.00</u></div>
<div><u>Middlesex FOB2.48 N/A 2.48 N/A 12.77 469.312.34 12.77 469.31</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.88 2.85 N/A 2.88 13.17 484.012.70 13.13 482.54</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.35 12.64 464.532.10 12.53 460.49</u></div>
<div><u>Sarnia 2.62 12.91 474.452.54 12.97 476.66</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.21 10.09 370.60-0.62 9.81 360.62</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.29 up 0.0032</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>SEP17 HI 5.59 1/4 JUL18 HI 6.08 1/2</u></div>
<div><u> LOW 5.40 3/4 LOW 5.93 3/4</u></div>
<div><u> CLOSE 5.53 Up 3 CLOSE 6.05 1/4 Up 3 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>SEP17 HI 8.25 SEP18 HI 6.83 3/4</u></div>
<div><u> LOW 7.80 1/4 LOW 6.68</u></div>
<div><u> CLOSE 7.96 3/4 Down 3/4 CLOSE 6.76 1/2 Up 2</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.22 1.22 1.22 -0.01</u></div>
<div><u>CAD $/bu 6.75 6.75 6.75 7.96</u></div>
<div><u>CAD $/tonne 247.90 247.90 247.90 292.33</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2017 Harvest 2018</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 0.75 N/A N/A N/A 0.80 N/A</u></div>
<div><u>London 1.01 0.75 0.75 N/A 1.02 0.89 0.89 N/A</u></div>
<div><u>Hensall 0.95 N/A 0.75 N/A 1.05 N/A 0.85 N/A</u></div>
<div><u>Trenton N/A N/A 0.90 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Bruce 0.95 0.75 0.75 0.40 1.05 0.90 0.85 0.60</u></div>
<div><u>Essex N/A N/A 0.60 N/A N/A N/A 0.67 N/A</u></div>
<div><u>Norwich 0.95 N/A 0.75 N/A 1.05 N/A 0.85 N/A</u></div>
<div><u>Port Hope N/A 0.85 0.90 N/A N/A 0.80 1.00 N/A</u></div>
<div><u>Kent Bridge 0.95 N/A 0.75 N/A 1.05 N/A 0.85 N/A</u></div>
<div><u>Chatham N/A N/A 0.75 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Brigden N/A N/A 0.75 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Palmerston N/A 0.75 0.75 0.40 N/A 0.93 0.80 0.60</u></div>
<div><u>Varna 1.05 0.75 0.75 N/A 1.05 0.80 0.85 N/A</u></div>
<div><u>Mitchell 0.95 0.75 0.75 N/A 1.05 0.80 0.85 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.14 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.09 1.09 -0.13 N/A N/A N/A N/A</u></div>
<div><u>W O Feed 1.43</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.20 N/A 1.10 N/A N/A N/A N/A 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 N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.33US 6.88CA 5.90US 7.60CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.10 1.03 1.03</u></div>
<div><u>CAD $/bu 7.15 7.09 7.09</u></div>
<div><u>CAD $/tonne 262.74 260.38 260.38</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 485.80</u></div>
<div><u>DDG's FOB Srn & Aylm 165.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
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</u></p>
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<div><u><span style="color:rgb(51,51,51); font-family:"Courier New",monospace; font-size:10pt; background-color:rgb(253,253,253)"><b><br>
<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;
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63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
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