FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 17 (All Bases in CAD) Exchange rate was 1.2674 up 0.0039 Chicago corn closed slightly lower. SEP17 HI 3.78 3/4 DEC17 HI 3.91 3/4 LOW 3.70 1/2 LOW 3.83 1/2 CLOSE3.75 Down 1 1/4 CLOSE 3.88 Down 1 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 4.35 171.25 0.70 4.58 180.31 CK High 0.65 4.40 173.22 0.75 4.63 182.28 CK Avg 0.62 -0.30 4.37 171.91 0.71 -0.24 4.59 180.63 Essex Cty 0.55 4.30 169.28 0.70 4.58 180.31 Mdsx Low 0.60 4.35 171.25 0.70 4.58 180.31 Mdsx High 0.60 4.35 171.25 0.70 4.58 180.31 Mdsx Avg 0.60 -0.32 4.35 171.25 0.70 -0.24 4.58 180.31 Hensall 0.62 4.37 171.84 0.72 4.60 180.90 Bruce 0.60 4.35 171.25 0.70 4.58 180.31 Putnam 0.60 4.35 171.25 0.70 4.58 180.31 Burford 0.60 4.35 171.25 0.75 4.63 182.28 Port Perry 0.85 4.60 181.09 0.80 4.68 184.24 Norfolk 0.70 4.45 175.19 0.80 4.68 184.24 Palmerston 0.65 4.40 173.22 0.70 4.58 180.31 Varna 0.65 4.40 173.22 0.75 4.63 182.28 Trenton 1.00 4.75 187.00 0.85 4.73 186.21 Winchester 1.10 4.85 190.94 1.15 5.03 198.02 North Gower 1.02 4.77 187.79 1.03 4.91 193.30 Huron FOB 0.85 4.60 181.09 0.80 4.68 184.24 Kent FOB 0.75 4.50 177.16 0.70 4.58 180.31 Lamb FOB 0.80 4.55 179.13 0.70 4.58 180.31 Mdsx FOB 0.70 0.70N/A N/A 4.45 175.19 0.75 4.63 182.28 FOB SW Que 1.37 5.12 201.57N/A Track 1.13 4.88 191.92N/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 1.00 0.90 0.90 4.78 188.18 Sarn-Eth 0.95 1.00 0.95N/A 4.70 185.03N/A Kawartha N/A N/A N/A N/A N/A London-Ing N/A N/A N/A 1.20 1.05 4.93 194.09 Pt.Colb-Ing N/A N/A N/A N/A 1.05 4.93 194.09 Cardnl-Ing N/A N/A N/A 1.20 1.20 5.08 199.99 W O Feed 1.23 4.98 196.21 US Rep 1.24 4.99 196.45 Toledo El. -0.10 3.65 143.64 -0.31 3.57 140.35 TRANSFER Sarnia N/A 0.80 4.68184 1/4 MID SD CRN 0.72 1/2 4.60 1/2 HI SD CRN 0.75 4.63 *Wet Bid Exchange rate was 1.2674 up 0.0039 Chicago soybeans closed slightly lower. AUG17 HI 9.95 NOV17 HI 10.07 1/2 LOW 9.81 3/4 LOW 9.93 3/4 CLOSE9.85 Down 4 CLOSE 9.97 1/2 Down 4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV17 CK Low 2.01 11.86 435.781.80 11.78 432.66 CK High 2.15 12.00 440.921.95 11.93 438.17 CK Average 2.09 -0.4311.94 438.841.86 -0.5811.83 434.74 Essex Cty 2.20 12.05 442.761.80 11.78 432.66 Mdsx Low 2.01 11.86 435.781.84 11.82 434.13 Mdsx High 2.10 11.95 439.091.90 11.88 436.33 Mdsx Average 2.06 -0.4611.91 437.431.87 -0.5711.85 435.23 Hensall 2.10 11.95 439.091.90 11.88 436.33 Bruce 2.00 11.85 435.411.90 11.88 436.33 Putnam 2.20 12.05 442.762.05 12.03 441.84 Burford 2.08 11.93 438.351.91 11.89 436.70 Port Perry 2.01 11.86 435.781.84 11.82 434.13 Norfolk 2.10 11.95 439.091.90 11.88 436.33 Palmerston 2.10 11.95 439.091.60 11.58 425.31 Varna 2.20 12.05 442.762.00 11.98 440.01 Trenton 2.20 12.05 442.761.90 11.88 436.33 Winchester 2.01 11.86 435.782.10 12.08 443.68 North Gower 1.85 11.70 429.902.10 12.08 443.68 Huron FOB 2.20 12.05 442.762.00 11.98 440.01 Kent FOB 2.20 12.05 442.761.85 11.83 434.49 Lambton FOB 2.35 12.20 448.272.10 12.08 443.68 Middlesex FOB2.12 2.24 N/A N/A 11.97 439.822.01 11.99 440.37 PROCESSORS Hamilton 2.50 2.61 N/A 2.50 12.35 453.782.44 12.42 456.17 N/A N/A N/A TRANSFER Prescott 2.10 11.95 439.092.31 12.29 451.40 Sarnia N/A 2.15 12.13 445.52 Toledo El. -0.20 9.65 354.47-0.64 9.33 342.92 Exchange rate was 1.2674 up 0.0039 Chicago wheat closed slightly lower. SEP17 HI 5.12 JUL18 HI 5.70 1/4 LOW 5.02 3/4 LOW 5.61 1/2 CLOSE 5.06 Down 4 3/4 CLOSE 5.65 1/4 Down 3 3/4 Minni wheat closed slightly to moderately higher. SEP17 HI 7.70 1/2 SEP18 HI 6.71 3/4 LOW 7.54 1/4 LOW 6.63 1/2 CLOSE 7.67 1/4 Up 9 1/4 CLOSE 6.71 3/4 Up 3 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.97 0.97 0.95 0.15 CAD $/bu 6.03 6.03 6.01 7.82 CAD $/tonne 221.67 221.67 220.74 287.45 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 0.65 N/A N/A N/A 0.75 N/A London 0.77 0.51 0.58 N/A 0.79 0.66 0.66 N/A Hensall 0.85 N/A 0.65 N/A 0.95 N/A 0.75 N/A Trenton N/A N/A 0.90 N/A N/A N/A 0.80 N/A Bruce 0.85 0.70 0.65 0.25 0.95 0.75 0.75 0.60 Essex N/A N/A 0.46 N/A N/A N/A 0.54 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 0.85 N/A N/A 0.75 0.90 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 0.60 N/A N/A N/A 0.65 N/A Brigden N/A N/A 0.65 N/A N/A N/A 0.70 N/A Palmerston N/A 0.70 0.70 0.25 N/A 0.75 0.70 0.60 Varna 0.95 0.70 0.65 N/A 1.00 0.75 0.75 N/A Mitchell 0.85 0.65 0.65 N/A 0.95 0.70 0.75 N/A Thornton N/A N/A N/A -0.35 N/A N/A N/A N/A North Gower N/A 0.87 0.87 -0.35 N/A 0.83 0.83 0.35 W O Feed 1.34 TERMINAL Sarnia 1.08 N/A 0.99 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 1.23N/A N/A N/A N/A N/A Toledo El. 4.91US 6.22CA 5.45US 6.87CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.90 0.84 0.84 CAD $/bu 6.55 6.49 6.49 CAD $/tonne 240.72 238.41 238.41 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 467.17 DDG's FOB Srn & Aylm 165.00