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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 17</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2674 up 0.0039</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP17 HI 3.78 3/4 DEC17 HI 3.91 3/4</u></div>
<div><u> LOW 3.70 1/2 LOW 3.83 1/2</u></div>
<div><u> CLOSE3.75 Down 1 1/4 CLOSE 3.88 Down 1 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 4.35 171.25 0.70 4.58 180.31</u></div>
<div><u>CK High 0.65 4.40 173.22 0.75 4.63 182.28</u></div>
<div><u>CK Avg 0.62 -0.30 4.37 171.91 0.71 -0.24 4.59 180.63</u></div>
<div><u>Essex Cty 0.55 4.30 169.28 0.70 4.58 180.31</u></div>
<div><u>Mdsx Low 0.60 4.35 171.25 0.70 4.58 180.31</u></div>
<div><u>Mdsx High 0.60 4.35 171.25 0.70 4.58 180.31</u></div>
<div><u>Mdsx Avg 0.60 -0.32 4.35 171.25 0.70 -0.24 4.58 180.31</u></div>
<div><u>Hensall 0.62 4.37 171.84 0.72 4.60 180.90</u></div>
<div><u>Bruce 0.60 4.35 171.25 0.70 4.58 180.31</u></div>
<div><u>Putnam 0.60 4.35 171.25 0.70 4.58 180.31</u></div>
<div><u>Burford 0.60 4.35 171.25 0.75 4.63 182.28</u></div>
<div><u>Port Perry 0.85 4.60 181.09 0.80 4.68 184.24</u></div>
<div><u>Norfolk 0.70 4.45 175.19 0.80 4.68 184.24</u></div>
<div><u>Palmerston 0.65 4.40 173.22 0.70 4.58 180.31</u></div>
<div><u>Varna 0.65 4.40 173.22 0.75 4.63 182.28</u></div>
<div><u>Trenton 1.00 4.75 187.00 0.85 4.73 186.21</u></div>
<div><u>Winchester 1.10 4.85 190.94 1.15 5.03 198.02</u></div>
<div><u>North Gower 1.02 4.77 187.79 1.03 4.91 193.30</u></div>
<div><u>Huron FOB 0.85 4.60 181.09 0.80 4.68 184.24</u></div>
<div><u>Kent FOB 0.75 4.50 177.16 0.70 4.58 180.31</u></div>
<div><u>Lamb FOB 0.80 4.55 179.13 0.70 4.58 180.31</u></div>
<div><u>Mdsx FOB 0.70 0.70N/A N/A 4.45 175.19 0.75 4.63 182.28</u></div>
<div><u>FOB SW Que 1.37 5.12 201.57N/A</u></div>
<div><u>Track 1.13 4.88 191.92N/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 1.00 0.90 0.90 4.78 188.18</u></div>
<div><u>Sarn-Eth 0.95 1.00 0.95N/A 4.70 185.03N/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 4.93 194.09</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.05 4.93 194.09</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.20 1.20 5.08 199.99</u></div>
<div><u>W O Feed 1.23 4.98 196.21</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.24 4.99 196.45</u></div>
<div><u>Toledo El. -0.10 3.65 143.64 -0.31 3.57 140.35</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A 0.80 4.68184 1/4</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.72 1/2 4.60 1/2</u></div>
<div><u>HI SD CRN 0.75 4.63</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2674 up 0.0039</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> AUG17 HI 9.95 NOV17 HI 10.07 1/2</u></div>
<div><u> LOW 9.81 3/4 LOW 9.93 3/4</u></div>
<div><u> CLOSE9.85 Down 4 CLOSE 9.97 1/2 Down 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 2.01 11.86 435.781.80 11.78 432.66</u></div>
<div><u>CK High 2.15 12.00 440.921.95 11.93 438.17</u></div>
<div><u>CK Average 2.09 -0.4311.94 438.841.86 -0.5811.83 434.74</u></div>
<div><u>Essex Cty 2.20 12.05 442.761.80 11.78 432.66</u></div>
<div><u>Mdsx Low 2.01 11.86 435.781.84 11.82 434.13</u></div>
<div><u>Mdsx High 2.10 11.95 439.091.90 11.88 436.33</u></div>
<div><u>Mdsx Average 2.06 -0.4611.91 437.431.87 -0.5711.85 435.23</u></div>
<div><u>Hensall 2.10 11.95 439.091.90 11.88 436.33</u></div>
<div><u>Bruce 2.00 11.85 435.411.90 11.88 436.33</u></div>
<div><u>Putnam 2.20 12.05 442.762.05 12.03 441.84</u></div>
<div><u>Burford 2.08 11.93 438.351.91 11.89 436.70</u></div>
<div><u>Port Perry 2.01 11.86 435.781.84 11.82 434.13</u></div>
<div><u>Norfolk 2.10 11.95 439.091.90 11.88 436.33</u></div>
<div><u>Palmerston 2.10 11.95 439.091.60 11.58 425.31</u></div>
<div><u>Varna 2.20 12.05 442.762.00 11.98 440.01</u></div>
<div><u>Trenton 2.20 12.05 442.761.90 11.88 436.33</u></div>
<div><u>Winchester 2.01 11.86 435.782.10 12.08 443.68</u></div>
<div><u>North Gower 1.85 11.70 429.902.10 12.08 443.68</u></div>
<div><u>Huron FOB 2.20 12.05 442.762.00 11.98 440.01</u></div>
<div><u>Kent FOB 2.20 12.05 442.761.85 11.83 434.49</u></div>
<div><u>Lambton FOB 2.35 12.20 448.272.10 12.08 443.68</u></div>
<div><u>Middlesex FOB2.12 2.24 N/A N/A 11.97 439.822.01 11.99 440.37</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.50 2.61 N/A 2.50 12.35 453.782.44 12.42 456.17</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.10 11.95 439.092.31 12.29 451.40</u></div>
<div><u>Sarnia N/A 2.15 12.13 445.52</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 9.65 354.47-0.64 9.33 342.92</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2674 up 0.0039</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>SEP17 HI 5.12 JUL18 HI 5.70 1/4</u></div>
<div><u> LOW 5.02 3/4 LOW 5.61 1/2</u></div>
<div><u> CLOSE 5.06 Down 4 3/4 CLOSE 5.65 1/4 Down 3 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>SEP17 HI 7.70 1/2 SEP18 HI 6.71 3/4</u></div>
<div><u> LOW 7.54 1/4 LOW 6.63 1/2</u></div>
<div><u> CLOSE 7.67 1/4 Up 9 1/4 CLOSE 6.71 3/4 Up 3</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 0.95 0.15</u></div>
<div><u>CAD $/bu 6.03 6.03 6.01 7.82</u></div>
<div><u>CAD $/tonne 221.67 221.67 220.74 287.45</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 0.77 0.51 0.58 N/A 0.79 0.66 0.66 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 0.90 N/A N/A N/A 0.80 N/A</u></div>
<div><u>Bruce 0.85 0.70 0.65 0.25 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 0.54 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 0.85 N/A N/A 0.75 0.90 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 0.60 N/A N/A N/A 0.65 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 -0.35 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.87 0.87 -0.35 N/A 0.83 0.83 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 1.08 N/A 0.99 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 1.23N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.91US 6.22CA 5.45US 6.87CA</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 0.90 0.84 0.84</u></div>
<div><u>CAD $/bu 6.55 6.49 6.49</u></div>
<div><u>CAD $/tonne 240.72 238.41 238.41</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 467.17</u></div>
<div><u>DDG's FOB Srn & Aylm 165.00</u></div>
<div><u><br>
</u></div>
<div><u>
<p class="MsoNormal"><b><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></b><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><b><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
</b><span style="background:#FDFDFD"><b>Grain Farmers of Ontario</b><o:p></o:p></span></span></p>
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