<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;font-family:'Courier New',monospace;" dir="ltr">
<p></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 14</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2635 down 0.0080</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP17 HI 3.78 1/2 DEC17 HI 3.91 3/4</u></div>
<div><u> LOW 3.70 LOW 3.83</u></div>
<div><u> CLOSE3.76 1/4 Up 6 1/2 CLOSE 3.89 1/2 Up 6 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 4.36 171.74 0.70 4.60 180.90</u></div>
<div><u>CK High 0.65 4.41 173.71 0.75 4.65 182.87</u></div>
<div><u>CK Avg 0.62 -0.30 4.38 172.40 0.71 -0.24 4.60 181.23</u></div>
<div><u>Essex Cty 0.55 4.31 169.78 0.70 4.60 180.90</u></div>
<div><u>Mdsx Low 0.60 4.36 171.74 0.70 4.60 180.90</u></div>
<div><u>Mdsx High 0.60 4.36 171.74 0.70 4.60 180.90</u></div>
<div><u>Mdsx Avg 0.60 -0.31 4.36 171.74 0.70 -0.25 4.60 180.90</u></div>
<div><u>Hensall 0.63 4.39 172.73 0.73 4.62 181.88</u></div>
<div><u>Bruce 0.60 4.36 171.74 0.70 4.60 180.90</u></div>
<div><u>Putnam 0.60 4.36 171.74 0.70 4.60 180.90</u></div>
<div><u>Burford 0.60 4.36 171.74 0.80 4.70 184.83</u></div>
<div><u>Port Perry 0.85 4.61 181.59 0.80 4.70 184.83</u></div>
<div><u>Norfolk 0.70 4.46 175.68 0.80 4.70 184.83</u></div>
<div><u>Palmerston 0.65 4.41 173.71 0.70 4.60 180.90</u></div>
<div><u>Varna 0.65 4.41 173.71 0.75 4.65 182.87</u></div>
<div><u>Trenton 1.05 4.81 189.46 0.85 4.75 186.80</u></div>
<div><u>Winchester 1.06 4.82 189.85 1.06 4.96 195.07</u></div>
<div><u>North Gower 1.02 4.78 188.28 1.05 4.95 194.68</u></div>
<div><u>Huron FOB 0.85 4.61 181.59 0.77 4.67 183.65</u></div>
<div><u>Kent FOB 0.75 4.51 177.65 0.70 4.60 180.90</u></div>
<div><u>Lamb FOB 0.80 4.56 179.62 0.70 4.60 180.90</u></div>
<div><u>Mdsx FOB 0.75 0.80N/A N/A 4.51 177.65 0.75 4.65 182.87</u></div>
<div><u>FOB SW Que 1.33 5.09 200.48N/A</u></div>
<div><u>Track 1.13 4.89 192.41N/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 1.00N/A 0.90 4.80 188.77</u></div>
<div><u>Sarn-Eth 0.95 1.00 0.95N/A 4.71 185.52N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A 1.20 1.05 4.95 194.68</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.05 4.95 194.68</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.20 1.20 5.10 200.58</u></div>
<div><u>W O Feed 1.23 4.99 196.55</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.24 5.00 196.94</u></div>
<div><u>Toledo El. -0.10 3.66 144.14 -0.32 3.58 140.93</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A 0.80 4.70184 5/6</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.72 1/2 4.62</u></div>
<div><u>HI SD CRN 0.75 4.64 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2635 down 0.0080</u></div>
<div><u>Chicago soybeans closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG17 HI 9.92 NOV17 HI 10.04 1/2</u></div>
<div><u> LOW 9.72 1/4 LOW 9.84</u></div>
<div><u> CLOSE9.89 Up 13 1/2 CLOSE 10.01 1/2 Up 14</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 2.04 11.93 438.351.85 11.87 435.96</u></div>
<div><u>CK High 2.15 12.04 442.392.00 12.02 441.48</u></div>
<div><u>CK Average 2.12 -0.3812.01 441.411.91 -0.5511.93 438.23</u></div>
<div><u>Essex Cty 2.20 12.09 444.231.80 11.82 434.13</u></div>
<div><u>Mdsx Low 2.04 11.93 438.351.87 11.89 436.70</u></div>
<div><u>Mdsx High 2.20 12.09 444.232.00 12.02 441.48</u></div>
<div><u>Mdsx Average 2.12 -0.3812.01 441.291.94 -0.5411.95 439.09</u></div>
<div><u>Hensall 2.20 12.09 444.232.00 12.02 441.48</u></div>
<div><u>Bruce 2.20 12.09 444.232.00 12.02 441.48</u></div>
<div><u>Putnam 2.20 12.09 444.232.05 12.07 443.31</u></div>
<div><u>Burford 2.11 12.00 440.921.94 11.96 439.27</u></div>
<div><u>Port Perry 2.04 11.93 438.351.87 11.89 436.70</u></div>
<div><u>Norfolk 2.10 11.99 440.561.95 11.97 439.64</u></div>
<div><u>Palmerston 2.20 12.09 444.231.90 11.92 437.80</u></div>
<div><u>Varna 2.20 12.09 444.232.00 12.02 441.48</u></div>
<div><u>Trenton 2.20 12.09 444.232.05 12.07 443.31</u></div>
<div><u>Winchester 2.08 11.97 439.822.10 12.12 445.15</u></div>
<div><u>North Gower 1.95 11.84 435.052.02 12.04 442.21</u></div>
<div><u>Huron FOB 2.30 12.19 447.912.10 12.12 445.15</u></div>
<div><u>Kent FOB 2.20 12.09 444.231.90 11.92 437.80</u></div>
<div><u>Lambton FOB 2.35 12.24 449.742.10 12.12 445.15</u></div>
<div><u>Middlesex FOB2.15 2.28 N/A N/A 12.04 442.392.04 12.06 442.95</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.53 2.65 N/A 2.42 12.42 456.362.42 12.44 456.91</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.24 12.13 445.702.45 12.47 458.01</u></div>
<div><u>Sarnia N/A 2.26 12.28 451.03</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 9.69 355.97-0.64 9.37 344.36</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2635 down 0.0080</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>SEP17 HI 5.20 1/2 JUL18 HI 5.77</u></div>
<div><u> LOW 5.07 LOW 5.66 1/4</u></div>
<div><u> CLOSE 5.10 3/4 Down 1 CLOSE 5.69 Down 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>SEP17 HI 7.74 SEP18 HI 6.76 3/4</u></div>
<div><u> LOW 7.47 3/4 LOW 6.63 3/4</u></div>
<div><u> CLOSE 7.58 Up 8 1/2 CLOSE 6.68 3/4 Up 1/4</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 0.97 0.97 0.94 0.10</u></div>
<div><u>CAD $/bu 6.07 6.07 6.05 7.68</u></div>
<div><u>CAD $/tonne 223.19 223.19 222.26 282.27</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 0.65 N/A N/A N/A 0.75 N/A</u></div>
<div><u>London 0.84 0.58 0.58 N/A 0.86 0.73 0.73 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 0.85 N/A</u></div>
<div><u>Bruce 0.85 0.70 0.65 0.40 0.95 0.75 0.75 0.60</u></div>
<div><u>Essex N/A N/A 0.46 N/A N/A N/A 0.61 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 0.75 0.80 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 0.65 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Brigden N/A N/A 0.65 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Palmerston N/A 0.70 0.70 0.25 N/A 0.75 0.70 0.60</u></div>
<div><u>Varna 0.95 0.70 0.65 N/A 1.00 0.75 0.75 N/A</u></div>
<div><u>Mitchell 0.85 0.65 0.65 N/A 0.95 0.70 0.75 N/A</u></div>
<div><u>Thornton N/A N/A N/A -0.11 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.91 0.91 -0.35 N/A 0.88 0.88 0.35</u></div>
<div><u>W O Feed 1.34</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.03 N/A 0.93 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 1.22N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.96US 6.26CA 5.49US 6.92CA</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 0.92 0.85 0.85</u></div>
<div><u>CAD $/bu 6.61 6.54 6.54</u></div>
<div><u>CAD $/tonne 242.73 240.42 240.42</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 469.26</u></div>
<div><u>DDG's FOB Srn & Aylm 165.00</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;
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>
<br>
<p></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size: 12pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: Calibri, Arial, Helvetica, sans-serif, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>