FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 12 (All Bases in CAD) Exchange rate was 1.2723 down 0.0177 Chicago corn closed lower. SEP17 HI 4.00 3/4 DEC17 HI 4.13 1/2 LOW 3.84 1/2 LOW 3.97 1/2 CLOSE3.85 1/2 Down 16 1/4 CLOSE 3.98 3/4 Down 15 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +SEP17+DEC17+DEC17 CK Low 0.60 4.46 175.39 0.70 4.69 184.54 CK High 0.75 4.61 181.29 0.85 4.84 190.44 CK Avg 0.64 -0.32 4.50 177.03 0.73 -0.27 4.72 185.85 Essex Cty 0.55 4.41 173.42 0.70 4.69 184.54 Mdsx Low 0.60 4.46 175.39 0.70 4.69 184.54 Mdsx High 0.60 4.46 175.39 0.70 4.69 184.54 Mdsx Avg 0.60 -0.35 4.46 175.39 0.70 -0.29 4.69 184.54 Hensall 0.64 4.50 176.96 0.74 4.73 186.11 Bruce 0.65 4.51 177.35 0.75 4.74 186.51 Putnam 0.60 4.46 175.39 0.70 4.69 184.54 Burford 0.60 4.46 175.39 0.80 4.79 188.48 Port Perry 0.85 4.71 185.23 0.80 4.79 188.48 Norfolk 0.70 4.56 179.32 0.80 4.79 188.48 Palmerston 0.75 4.61 181.29 0.75 4.74 186.51 Varna 0.70 4.56 179.32 0.80 4.79 188.48 Trenton 1.05 4.91 193.10 0.90 4.89 192.41 Winchester 1.15 5.01 197.04 1.20 5.19 204.22 North Gower 1.06 4.92 193.49 1.08 5.07 199.50 Huron FOB 0.87 4.73 186.02 0.85 4.84 190.44 Kent FOB 0.85 4.71 185.23 0.75 4.74 186.51 Lamb FOB 0.85 4.71 185.23 0.70 4.69 184.54 Mdsx FOB 0.75 0.80N/A N/A 4.61 181.29 0.75 4.74 186.51 FOB SW Que 1.30 5.16 202.94N/A Track 1.13 4.98 196.05N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A N/A 1.05N/A 0.90 4.89 192.41 Sarn-Eth 0.95 1.00 0.95N/A 4.81 189.16N/A Kawartha N/A N/A N/A N/A 1.15 5.14 202.25 London-Ing N/A N/A N/A 1.20 1.05 5.04 198.32 Pt.Colb-Ing N/A N/A N/A N/A 1.05 5.04 198.32 Cardnl-Ing N/A N/A N/A 1.30 1.30 5.29 208.16 W O Feed 1.31 5.16 203.26 US Rep 1.41 5.27 207.27 Toledo El. -0.10 3.75 147.76 -0.32 3.67 144.50 TRANSFER Sarnia N/A 0.95 4.94194 3/8 MID SD CRN 0.77 1/2 4.76 1/4 HI SD CRN 0.85 4.83 3/4 *Wet Bid Exchange rate was 1.2723 down 0.0177 Chicago soybeans closed mixed. AUG17 HI 10.31 NOV17 HI 10.44 3/4 LOW 10.10 1/2 LOW 10.23 3/4 CLOSE10.20 3/4 Down 8 1/2 CLOSE 10.34 Down 9 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV17 CK Low 2.14 12.35 453.691.92 12.26 450.48 CK High 2.30 12.51 459.572.20 12.54 460.77 CK Average 2.24 -0.4212.45 457.372.05 -0.5812.39 455.07 Essex Cty 2.30 12.51 459.572.00 12.34 453.42 Mdsx Low 2.14 12.35 453.691.92 12.26 450.48 Mdsx High 2.25 12.46 457.732.05 12.39 455.25 Mdsx Average 2.20 -0.4612.40 455.711.99 -0.6212.33 452.87 Hensall 2.30 12.51 459.572.10 12.44 457.09 Bruce 2.40 12.61 463.252.20 12.54 460.77 Putnam 2.20 12.41 455.902.05 12.39 455.25 Burford 2.21 12.42 456.271.99 12.33 453.05 Port Perry 2.14 12.35 453.691.92 12.26 450.48 Norfolk 2.30 12.51 459.572.15 12.49 458.93 Palmerston 2.35 12.56 461.412.10 12.44 457.09 Varna 2.35 12.56 461.412.15 12.49 458.93 Trenton 2.20 12.41 455.902.05 12.39 455.25 Winchester 2.05 12.26 450.392.15 12.49 458.93 North Gower 2.12 12.33 452.962.14 12.48 458.56 Huron FOB 2.45 12.66 465.082.25 12.59 462.60 Kent FOB 2.45 12.66 465.082.10 12.44 457.09 Lambton FOB 2.40 12.61 463.252.15 12.49 458.93 Middlesex FOB2.25 2.31 N/A N/A 12.46 457.732.15 12.49 458.93 PROCESSORS Hamilton 2.70 2.82 N/A 2.55 12.91 474.272.55 12.89 473.63 N/A N/A N/A TRANSFER Prescott 2.30 12.51 459.572.44 12.78 469.58 Sarnia 2.61 12.82 470.962.54 12.88 473.26 Toledo El. -0.20 10.00 367.58-0.61 9.73 357.56 Exchange rate was 1.2723 down 0.0177 Chicago wheat closed lower. SEP17 HI 5.52 1/4 JUL18 HI 6.03 1/2 LOW 5.34 3/4 LOW 5.87 1/2 CLOSE 5.37 Down 16 CLOSE 5.90 3/4 Down 14 1/2 Minni wheat closed mixed. SEP17 HI 7.99 1/2 SEP18 HI 6.80 LOW 7.76 1/2 LOW 6.72 CLOSE 7.82 3/4 Down 14 CLOSE 6.78 Up 1 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.08 1.08 1.06 -0.16 CAD $/bu 6.45 6.45 6.43 7.67 CAD $/tonne 237.03 237.03 236.09 281.79 Direct MarkHarvest 2017 Harvest 2018 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A 0.75 N/A N/A N/A 0.85 N/A London 0.88 0.63 0.63 N/A 0.89 0.76 0.76 N/A Hensall 0.85 N/A 0.65 N/A 0.95 N/A 0.75 N/A Trenton N/A N/A 0.85 N/A N/A N/A 0.90 N/A Bruce 0.95 0.75 0.75 0.40 1.05 0.90 0.85 0.60 Essex N/A N/A 0.60 N/A N/A N/A 0.79 N/A Norwich 0.85 N/A 0.65 N/A 0.95 N/A 0.75 N/A Port Hope N/A 0.85 0.90 N/A N/A 0.80 1.00 N/A Kent Bridge 0.85 N/A 0.65 N/A 0.95 N/A 0.75 N/A Chatham N/A N/A 0.70 N/A N/A N/A 0.80 N/A Brigden N/A N/A 0.70 N/A N/A N/A 0.80 N/A Palmerston N/A 0.75 0.75 0.40 N/A 0.93 0.80 0.60 Varna 1.05 0.75 0.75 N/A 1.05 0.80 0.85 N/A Mitchell 0.85 0.65 0.65 N/A 0.95 0.70 0.70 N/A Thornton N/A N/A N/A -0.05 N/A N/A N/A N/A North Gower N/A 1.12 1.12 -0.11 N/A N/A N/A N/A W O Feed 1.43 TERMINAL Sarnia 1.20 N/A 1.10 N/A N/A N/A N/A N/A Prescott N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 1.34N/A N/A N/A N/A N/A Toledo El. 5.22US 6.64CA 5.71US 7.24CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.95 0.89 0.89 CAD $/bu 6.86 6.79 6.79 CAD $/tonne 252.00 249.67 249.67 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 482.82 DDG's FOB Srn & Aylm 165.00