<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 Tue, July 18</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2614 down 0.0052</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP17 HI 3.88 3/4 DEC17 HI 4.02</u></div>
<div><u> LOW 3.75 1/4 LOW 3.89</u></div>
<div><u> CLOSE3.77 Up 2 CLOSE 3.90 3/4 Up 2 3/4</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 4.37 172.04 0.70 4.61 181.39</u></div>
<div><u>CK High 0.65 4.42 174.01 0.75 4.66 183.36</u></div>
<div><u>CK Avg 0.61 -0.30 4.38 172.37 0.71 -0.24 4.62 181.72</u></div>
<div><u>Essex Cty 0.50 4.27 168.10 0.70 4.61 181.39</u></div>
<div><u>Mdsx Low 0.60 4.37 172.04 0.70 4.61 181.39</u></div>
<div><u>Mdsx High 0.60 4.37 172.04 0.70 4.61 181.39</u></div>
<div><u>Mdsx Avg 0.60 -0.31 4.37 172.04 0.70 -0.25 4.61 181.39</u></div>
<div><u>Hensall 0.60 4.37 172.04 0.70 4.61 181.39</u></div>
<div><u>Bruce 0.60 4.37 172.04 0.70 4.61 181.39</u></div>
<div><u>Putnam 0.60 4.37 172.04 0.70 4.61 181.39</u></div>
<div><u>Burford 0.60 4.37 172.04 0.75 4.66 183.36</u></div>
<div><u>Port Perry 0.85 4.62 181.88 0.80 4.71 185.33</u></div>
<div><u>Norfolk 0.70 4.47 175.98 0.80 4.71 185.33</u></div>
<div><u>Palmerston 0.60 4.37 172.04 0.70 4.61 181.39</u></div>
<div><u>Varna 0.60 4.37 172.04 0.70 4.61 181.39</u></div>
<div><u>Trenton 1.00 4.77 187.79 0.80 4.71 185.33</u></div>
<div><u>Winchester 1.10 4.87 191.72 1.15 5.06 199.10</u></div>
<div><u>North Gower 1.00 4.77 187.79 1.02 4.93 193.99</u></div>
<div><u>Huron FOB 0.82 4.59 180.70 0.75 4.66 183.36</u></div>
<div><u>Kent FOB 0.75 4.52 177.94 0.70 4.61 181.39</u></div>
<div><u>Lamb FOB 0.80 4.57 179.91 0.70 4.61 181.39</u></div>
<div><u>Mdsx FOB 0.70 0.70N/A N/A 4.47 175.98 0.75 4.66 183.36</u></div>
<div><u>FOB SW Que 1.32 5.09 200.38N/A</u></div>
<div><u>Track 1.13 4.90 192.71N/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 4.81 189.26</u></div>
<div><u>Sarn-Eth 0.95 1.00 0.95N/A 4.72 185.82N/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 4.96 195.17</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.05 4.96 195.17</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.20 1.20 5.11 201.07</u></div>
<div><u>W O Feed 1.23 5.00 197.00</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.24 5.01 197.23</u></div>
<div><u>Toledo El. -0.10 3.67 144.45 -0.31 3.59 141.43</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A 0.80 4.71185 1/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.72 1/2 4.63 1/4</u></div>
<div><u>HI SD CRN 0.75 4.65 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 1.2614 down 0.0052</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> AUG17 HI 10.04 1/4 NOV17 HI 10.16 3/4</u></div>
<div><u> LOW 9.85 3/4 LOW 9.98 1/2</u></div>
<div><u> CLOSE9.89 1/2 Up 4 1/2 CLOSE 10.01 3/4 Up 4 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 2.04 11.94 438.541.71 11.73 430.91</u></div>
<div><u>CK High 2.15 12.05 442.582.00 12.02 441.57</u></div>
<div><u>CK Average 2.07 -0.4111.96 439.451.81 -0.6311.83 434.59</u></div>
<div><u>Essex Cty 2.05 11.95 438.901.75 11.77 432.38</u></div>
<div><u>Mdsx Low 2.04 11.94 438.541.81 11.83 434.59</u></div>
<div><u>Mdsx High 2.05 11.95 438.901.85 11.87 436.06</u></div>
<div><u>Mdsx Average 2.05 -0.4311.94 438.721.83 -0.6111.85 435.32</u></div>
<div><u>Hensall 2.05 11.95 438.901.85 11.87 436.06</u></div>
<div><u>Bruce 2.05 11.95 438.901.80 11.82 434.22</u></div>
<div><u>Putnam 2.10 12.00 440.741.90 11.92 437.89</u></div>
<div><u>Burford 2.11 12.01 441.111.88 11.90 437.16</u></div>
<div><u>Port Perry 2.04 11.94 438.541.81 11.83 434.59</u></div>
<div><u>Norfolk 2.05 11.95 438.901.85 11.87 436.06</u></div>
<div><u>Palmerston 2.10 12.00 440.741.80 11.82 434.22</u></div>
<div><u>Varna 2.05 11.95 438.901.85 11.87 436.06</u></div>
<div><u>Trenton 1.95 11.85 435.231.80 11.82 434.22</u></div>
<div><u>Winchester 2.01 11.91 437.432.10 12.12 445.24</u></div>
<div><u>North Gower 1.81 11.71 430.091.85 11.87 436.06</u></div>
<div><u>Huron FOB 2.20 12.10 444.422.00 12.02 441.57</u></div>
<div><u>Kent FOB 2.15 12.05 442.581.80 11.82 434.22</u></div>
<div><u>Lambton FOB 2.25 12.15 446.251.95 11.97 439.73</u></div>
<div><u>Middlesex FOB2.09 2.21 N/A N/A 11.99 440.371.98 12.00 440.83</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.50 2.60 N/A 2.36 12.40 455.442.45 12.47 458.10</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.08 11.98 440.012.29 12.31 452.22</u></div>
<div><u>Sarnia N/A 2.15 12.17 447.08</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 9.69 356.16-0.64 9.38 344.47</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2614 down 0.0052</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>SEP17 HI 5.17 3/4 JUL18 HI 5.74 1/2</u></div>
<div><u> LOW 5.03 LOW 5.60 3/4</u></div>
<div><u> CLOSE 5.03 3/4 Down 2 1/4 CLOSE 5.61 1/4 Down 4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher to higher.</u></div>
<div><u>SEP17 HI 7.89 3/4 SEP18 HI 6.84 3/4</u></div>
<div><u> LOW 7.72 3/4 LOW 6.71 1/2</u></div>
<div><u> CLOSE 7.80 1/2 Up 13 1/4 CLOSE 6.75 1/4 Up 3 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 0.94 0.94 0.91 0.15</u></div>
<div><u>CAD $/bu 5.98 5.98 5.95 7.95</u></div>
<div><u>CAD $/tonne 219.60 219.60 218.67 292.25</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 0.82 0.70 0.64 N/A 0.77 0.65 0.65 N/A</u></div>
<div><u>Hensall 0.80 N/A 0.60 N/A 0.95 N/A 0.65 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 0.55 N/A</u></div>
<div><u>Norwich 0.80 N/A 0.60 N/A 0.95 N/A 0.70 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 0.80 N/A 0.60 N/A 0.95 N/A 0.65 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 0.60 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Palmerston N/A 0.70 0.60 0.25 N/A 0.75 0.65 0.60</u></div>
<div><u>Varna 0.90 0.70 0.60 N/A 0.95 0.75 0.70 N/A</u></div>
<div><u>Mitchell 0.80 0.60 0.60 N/A 0.95 0.70 0.70 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.20 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.87 0.85 0.05 N/A 0.84 0.84 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 1.19N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.89US 6.17CA 5.41US 6.82CA</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 0.89 0.83 0.83 0.37</u></div>
<div><u>CAD $/bu 6.50 6.44 6.44 7.12</u></div>
<div><u>CAD $/tonne 238.96 236.65 236.65 261.65</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 469.04</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>
<p><br>
</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>
<div><br>
</div>
<div><span style="font-family:"Courier New",monospace; font-size:10pt"></span></div>
<br>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>