<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 Thu, July 20</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2564 down 0.0029</u></div>
<div><u>Chicago corn closed higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP17 HI 3.93 1/4 DEC17 HI 4.06 3/4</u></div>
<div><u> LOW 3.80 1/2 LOW 3.94 1/2</u></div>
<div><u> CLOSE3.91 Up 8 1/2 CLOSE 4.04 3/4 Up 8 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 4.51 177.55 0.70 4.75 186.90</u></div>
<div><u>CK High 0.65 4.56 179.52 0.75 4.80 188.87</u></div>
<div><u>CK Avg 0.61 -0.31 4.52 177.88 0.71 -0.26 4.76 187.23</u></div>
<div><u>Essex Cty 0.50 4.41 173.61 0.70 4.75 186.90</u></div>
<div><u>Mdsx Low 0.60 4.51 177.55 0.70 4.75 186.90</u></div>
<div><u>Mdsx High 0.60 4.51 177.55 0.70 4.75 186.90</u></div>
<div><u>Mdsx Avg 0.60 -0.32 4.51 177.55 0.70 -0.27 4.75 186.90</u></div>
<div><u>Hensall 0.60 4.51 177.55 0.70 4.75 186.90</u></div>
<div><u>Bruce 0.60 4.51 177.55 0.70 4.75 186.90</u></div>
<div><u>Putnam 0.60 4.51 177.55 0.70 4.75 186.90</u></div>
<div><u>Burford 0.60 4.51 177.55 0.75 4.80 188.87</u></div>
<div><u>Port Perry 0.85 4.76 187.39 0.80 4.85 190.84</u></div>
<div><u>Norfolk 0.70 4.61 181.49 0.80 4.85 190.84</u></div>
<div><u>Palmerston 0.60 4.51 177.55 0.70 4.75 186.90</u></div>
<div><u>Varna 0.60 4.51 177.55 0.70 4.75 186.90</u></div>
<div><u>Trenton 1.00 4.91 193.30 0.80 4.85 190.84</u></div>
<div><u>Winchester 1.08 4.99 196.45 1.10 5.15 202.65</u></div>
<div><u>North Gower 0.98 4.89 192.51 1.00 5.05 198.71</u></div>
<div><u>Huron FOB 0.82 4.73 186.21 0.75 4.80 188.87</u></div>
<div><u>Kent FOB 0.75 4.66 183.46 0.70 4.75 186.90</u></div>
<div><u>Lamb FOB 0.80 4.71 185.42 0.70 4.75 186.90</u></div>
<div><u>Mdsx FOB 0.70 0.70N/A N/A 4.61 181.49 0.75 4.80 188.87</u></div>
<div><u>FOB SW Que 1.45 5.36 211.01N/A</u></div>
<div><u>Track 1.03 4.94 194.28N/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 0.95N/A 0.80 4.85 190.84</u></div>
<div><u>Sarn-Eth 0.95 1.00 0.95N/A 4.86 191.33N/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 1.30 1.10 5.15 202.65</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.05 5.10 200.68</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.30 1.15 5.20 204.62</u></div>
<div><u>W O Feed 1.23 5.14 202.51</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.24 5.15 202.75</u></div>
<div><u>Toledo El. -0.10 3.81 149.97 -0.31 3.73 146.98</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A 0.80 4.85190 5/6</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.72 1/2 4.77 1/4</u></div>
<div><u>HI SD CRN 0.75 4.79 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 1.2564 down 0.0029</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG17 HI 10.17 1/4 NOV17 HI 10.31 1/4</u></div>
<div><u> LOW 9.95 LOW 10.08 1/4</u></div>
<div><u> CLOSE10.13 1/4 Up 13 1/2 CLOSE 10.27 Up 14 1/2</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 1.90 12.03 442.121.75 12.02 441.66</u></div>
<div><u>CK High 2.10 12.23 449.471.90 12.17 447.17</u></div>
<div><u>CK Average 2.04 -0.4412.17 447.261.83 -0.6412.10 444.48</u></div>
<div><u>Essex Cty 2.00 12.13 445.791.70 11.97 439.82</u></div>
<div><u>Mdsx Low 2.06 12.19 448.001.83 12.10 444.60</u></div>
<div><u>Mdsx High 2.10 12.23 449.471.90 12.17 447.17</u></div>
<div><u>Mdsx Average 2.08 -0.4112.21 448.731.87 -0.6112.14 445.88</u></div>
<div><u>Hensall 2.10 12.23 449.471.90 12.17 447.17</u></div>
<div><u>Bruce 2.10 12.23 449.471.90 12.17 447.17</u></div>
<div><u>Putnam 2.05 12.18 447.631.85 12.12 445.33</u></div>
<div><u>Burford 2.13 12.26 450.571.90 12.17 447.17</u></div>
<div><u>Port Perry 2.06 12.19 448.001.83 12.10 444.60</u></div>
<div><u>Norfolk 2.08 12.21 448.731.88 12.15 446.44</u></div>
<div><u>Palmerston 2.05 12.18 447.631.75 12.02 441.66</u></div>
<div><u>Varna 2.05 12.18 447.631.85 12.12 445.33</u></div>
<div><u>Trenton 1.95 12.08 443.961.80 12.07 443.50</u></div>
<div><u>Winchester 2.10 12.23 449.472.25 12.52 460.03</u></div>
<div><u>North Gower 1.86 11.99 440.651.94 12.21 448.64</u></div>
<div><u>Huron FOB 2.20 12.33 453.142.00 12.27 450.85</u></div>
<div><u>Kent FOB 2.18 12.31 452.411.83 12.10 444.60</u></div>
<div><u>Lambton FOB 2.30 12.43 456.822.00 12.27 450.85</u></div>
<div><u>Middlesex FOB2.17 2.29 N/A N/A 12.30 452.042.00 12.27 450.85</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.50 2.62 2.53 N/A 12.63 464.162.40 12.67 465.54</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.09 12.22 449.102.30 12.57 461.87</u></div>
<div><u>Sarnia N/A 2.15 12.42 456.36</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 9.93 364.92-0.64 9.63 353.82</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2564 down 0.0029</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>SEP17 HI 5.08 1/4 JUL18 HI 5.64 1/2</u></div>
<div><u> LOW 4.95 LOW 5.54 1/4</u></div>
<div><u> CLOSE 5.05 3/4 Up 2 3/4 CLOSE 5.64 1/4 Up 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>SEP17 HI 7.80 SEP18 HI 6.71 1/4</u></div>
<div><u> LOW 7.60 3/4 LOW 6.60</u></div>
<div><u> CLOSE 7.78 Up 2 1/2 CLOSE 6.71 1/4 Up 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 0.92 0.92 0.89 0.11</u></div>
<div><u>CAD $/bu 5.98 5.98 5.95 7.89</u></div>
<div><u>CAD $/tonne 219.62 219.62 218.70 289.91</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 0.60 N/A N/A N/A 0.65 N/A</u></div>
<div><u>London 0.78 0.66 0.57 N/A 0.74 0.61 0.61 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 0.85 N/A N/A N/A 0.80 N/A</u></div>
<div><u>Bruce 0.80 0.70 0.60 0.25 0.95 0.75 0.65 0.60</u></div>
<div><u>Essex N/A N/A 0.58 N/A N/A N/A 0.66 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 0.70 N/A N/A 0.70 0.75 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 0.35</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 0.65 N/A</u></div>
<div><u>Thornton N/A N/A N/A -0.49 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.82 0.80 0.02 N/A 0.80 0.80 0.23</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 1.17N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.91US 6.17CA 5.44US 6.84CA</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 0.88 0.82 0.82 0.34</u></div>
<div><u>CAD $/bu 6.52 6.46 6.46 7.05</u></div>
<div><u>CAD $/tonne 239.63 237.32 237.32 259.01</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 467.94</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;">
<div><span style="font-family:"Courier New",monospace; font-size:10pt"></span></div>
<br>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>