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<p><b><u><i></i></u></b></p>
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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 12</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2723 down 0.0177</u></div>
<div><u>Chicago corn closed lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP17 HI 4.00 3/4 DEC17 HI 4.13 1/2</u></div>
<div><u> LOW 3.84 1/2 LOW 3.97 1/2</u></div>
<div><u> CLOSE3.85 1/2 Down 16 1/4 CLOSE 3.98 3/4 Down 15 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 0.60 4.46 175.39 0.70 4.69 184.54</u></div>
<div><u>CK High 0.75 4.61 181.29 0.85 4.84 190.44</u></div>
<div><u>CK Avg 0.64 -0.32 4.50 177.03 0.73 -0.27 4.72 185.85</u></div>
<div><u>Essex Cty 0.55 4.41 173.42 0.70 4.69 184.54</u></div>
<div><u>Mdsx Low 0.60 4.46 175.39 0.70 4.69 184.54</u></div>
<div><u>Mdsx High 0.60 4.46 175.39 0.70 4.69 184.54</u></div>
<div><u>Mdsx Avg 0.60 -0.35 4.46 175.39 0.70 -0.29 4.69 184.54</u></div>
<div><u>Hensall 0.64 4.50 176.96 0.74 4.73 186.11</u></div>
<div><u>Bruce 0.65 4.51 177.35 0.75 4.74 186.51</u></div>
<div><u>Putnam 0.60 4.46 175.39 0.70 4.69 184.54</u></div>
<div><u>Burford 0.60 4.46 175.39 0.80 4.79 188.48</u></div>
<div><u>Port Perry 0.85 4.71 185.23 0.80 4.79 188.48</u></div>
<div><u>Norfolk 0.70 4.56 179.32 0.80 4.79 188.48</u></div>
<div><u>Palmerston 0.75 4.61 181.29 0.75 4.74 186.51</u></div>
<div><u>Varna 0.70 4.56 179.32 0.80 4.79 188.48</u></div>
<div><u>Trenton 1.05 4.91 193.10 0.90 4.89 192.41</u></div>
<div><u>Winchester 1.15 5.01 197.04 1.20 5.19 204.22</u></div>
<div><u>North Gower 1.06 4.92 193.49 1.08 5.07 199.50</u></div>
<div><u>Huron FOB 0.87 4.73 186.02 0.85 4.84 190.44</u></div>
<div><u>Kent FOB 0.85 4.71 185.23 0.75 4.74 186.51</u></div>
<div><u>Lamb FOB 0.85 4.71 185.23 0.70 4.69 184.54</u></div>
<div><u>Mdsx FOB 0.75 0.80N/A N/A 4.61 181.29 0.75 4.74 186.51</u></div>
<div><u>FOB SW Que 1.30 5.16 202.94N/A</u></div>
<div><u>Track 1.13 4.98 196.05N/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 1.05N/A 0.90 4.89 192.41</u></div>
<div><u>Sarn-Eth 0.95 1.00 0.95N/A 4.81 189.16N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A 1.15 5.14 202.25</u></div>
<div><u>London-Ing N/A N/A N/A 1.20 1.05 5.04 198.32</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.05 5.04 198.32</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.30 1.30 5.29 208.16</u></div>
<div><u>W O Feed 1.31 5.16 203.26</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.41 5.27 207.27</u></div>
<div><u>Toledo El. -0.10 3.75 147.76 -0.32 3.67 144.50</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A 0.95 4.94194 3/8</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.76 1/4</u></div>
<div><u>HI SD CRN 0.85 4.83 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2723 down 0.0177</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> AUG17 HI 10.31 NOV17 HI 10.44 3/4</u></div>
<div><u> LOW 10.10 1/2 LOW 10.23 3/4</u></div>
<div><u> CLOSE10.20 3/4 Down 8 1/2 CLOSE 10.34 Down 9 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 +AUG1+NOV1+NOV17</u></div>
<div><u>CK Low 2.14 12.35 453.691.92 12.26 450.48</u></div>
<div><u>CK High 2.30 12.51 459.572.20 12.54 460.77</u></div>
<div><u>CK Average 2.24 -0.4212.45 457.372.05 -0.5812.39 455.07</u></div>
<div><u>Essex Cty 2.30 12.51 459.572.00 12.34 453.42</u></div>
<div><u>Mdsx Low 2.14 12.35 453.691.92 12.26 450.48</u></div>
<div><u>Mdsx High 2.25 12.46 457.732.05 12.39 455.25</u></div>
<div><u>Mdsx Average 2.20 -0.4612.40 455.711.99 -0.6212.33 452.87</u></div>
<div><u>Hensall 2.30 12.51 459.572.10 12.44 457.09</u></div>
<div><u>Bruce 2.40 12.61 463.252.20 12.54 460.77</u></div>
<div><u>Putnam 2.20 12.41 455.902.05 12.39 455.25</u></div>
<div><u>Burford 2.21 12.42 456.271.99 12.33 453.05</u></div>
<div><u>Port Perry 2.14 12.35 453.691.92 12.26 450.48</u></div>
<div><u>Norfolk 2.30 12.51 459.572.15 12.49 458.93</u></div>
<div><u>Palmerston 2.35 12.56 461.412.10 12.44 457.09</u></div>
<div><u>Varna 2.35 12.56 461.412.15 12.49 458.93</u></div>
<div><u>Trenton 2.20 12.41 455.902.05 12.39 455.25</u></div>
<div><u>Winchester 2.05 12.26 450.392.15 12.49 458.93</u></div>
<div><u>North Gower 2.12 12.33 452.962.14 12.48 458.56</u></div>
<div><u>Huron FOB 2.45 12.66 465.082.25 12.59 462.60</u></div>
<div><u>Kent FOB 2.45 12.66 465.082.10 12.44 457.09</u></div>
<div><u>Lambton FOB 2.40 12.61 463.252.15 12.49 458.93</u></div>
<div><u>Middlesex FOB2.25 2.31 N/A N/A 12.46 457.732.15 12.49 458.93</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.70 2.82 N/A 2.55 12.91 474.272.55 12.89 473.63</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.30 12.51 459.572.44 12.78 469.58</u></div>
<div><u>Sarnia 2.61 12.82 470.962.54 12.88 473.26</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 10.00 367.58-0.61 9.73 357.56</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2723 down 0.0177</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>SEP17 HI 5.52 1/4 JUL18 HI 6.03 1/2</u></div>
<div><u> LOW 5.34 3/4 LOW 5.87 1/2</u></div>
<div><u> CLOSE 5.37 Down 16 CLOSE 5.90 3/4 Down 14 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed mixed.</u></div>
<div><u>SEP17 HI 7.99 1/2 SEP18 HI 6.80</u></div>
<div><u> LOW 7.76 1/2 LOW 6.72</u></div>
<div><u> CLOSE 7.82 3/4 Down 14 CLOSE 6.78 Up 1 1/2</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 1.08 1.08 1.06 -0.16</u></div>
<div><u>CAD $/bu 6.45 6.45 6.43 7.67</u></div>
<div><u>CAD $/tonne 237.03 237.03 236.09 281.79</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 0.85 N/A</u></div>
<div><u>London 0.88 0.63 0.63 N/A 0.89 0.76 0.76 N/A</u></div>
<div><u>Hensall 0.85 N/A 0.65 N/A 0.95 N/A 0.75 N/A</u></div>
<div><u>Trenton N/A N/A 0.85 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 0.79 N/A</u></div>
<div><u>Norwich 0.85 N/A 0.65 N/A 0.95 N/A 0.75 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 0.85 N/A 0.65 N/A 0.95 N/A 0.75 N/A</u></div>
<div><u>Chatham N/A N/A 0.70 N/A N/A N/A 0.80 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.80 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 0.85 0.65 0.65 N/A 0.95 0.70 0.70 N/A</u></div>
<div><u>Thornton N/A N/A N/A -0.05 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.12 1.12 -0.11 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 1.34N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.22US 6.64CA 5.71US 7.24CA</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 0.95 0.89 0.89</u></div>
<div><u>CAD $/bu 6.86 6.79 6.79</u></div>
<div><u>CAD $/tonne 252.00 249.67 249.67</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 482.82</u></div>
<div><u>DDG's FOB Srn & Aylm 165.00</u></div>
<div><u><br>
</u></div>
<u></u>
<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>
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