FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 20 (All Bases in CAD) Exchange rate was 1.2564 down 0.0029 Chicago corn closed higher. SEP17 HI 3.93 1/4 DEC17 HI 4.06 3/4 LOW 3.80 1/2 LOW 3.94 1/2 CLOSE3.91 Up 8 1/2 CLOSE 4.04 3/4 Up 8 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 4.51 177.55 0.70 4.75 186.90 CK High 0.65 4.56 179.52 0.75 4.80 188.87 CK Avg 0.61 -0.31 4.52 177.88 0.71 -0.26 4.76 187.23 Essex Cty 0.50 4.41 173.61 0.70 4.75 186.90 Mdsx Low 0.60 4.51 177.55 0.70 4.75 186.90 Mdsx High 0.60 4.51 177.55 0.70 4.75 186.90 Mdsx Avg 0.60 -0.32 4.51 177.55 0.70 -0.27 4.75 186.90 Hensall 0.60 4.51 177.55 0.70 4.75 186.90 Bruce 0.60 4.51 177.55 0.70 4.75 186.90 Putnam 0.60 4.51 177.55 0.70 4.75 186.90 Burford 0.60 4.51 177.55 0.75 4.80 188.87 Port Perry 0.85 4.76 187.39 0.80 4.85 190.84 Norfolk 0.70 4.61 181.49 0.80 4.85 190.84 Palmerston 0.60 4.51 177.55 0.70 4.75 186.90 Varna 0.60 4.51 177.55 0.70 4.75 186.90 Trenton 1.00 4.91 193.30 0.80 4.85 190.84 Winchester 1.08 4.99 196.45 1.10 5.15 202.65 North Gower 0.98 4.89 192.51 1.00 5.05 198.71 Huron FOB 0.82 4.73 186.21 0.75 4.80 188.87 Kent FOB 0.75 4.66 183.46 0.70 4.75 186.90 Lamb FOB 0.80 4.71 185.42 0.70 4.75 186.90 Mdsx FOB 0.70 0.70N/A N/A 4.61 181.49 0.75 4.80 188.87 FOB SW Que 1.45 5.36 211.01N/A Track 1.03 4.94 194.28N/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 0.95N/A 0.80 4.85 190.84 Sarn-Eth 0.95 1.00 0.95N/A 4.86 191.33N/A Kawartha N/A N/A N/A N/A N/A London-Ing N/A N/A N/A 1.30 1.10 5.15 202.65 Pt.Colb-Ing N/A N/A N/A N/A 1.05 5.10 200.68 Cardnl-Ing N/A N/A N/A 1.30 1.15 5.20 204.62 W O Feed 1.23 5.14 202.51 US Rep 1.24 5.15 202.75 Toledo El. -0.10 3.81 149.97 -0.31 3.73 146.98 TRANSFER Sarnia N/A 0.80 4.85190 5/6 MID SD CRN 0.72 1/2 4.77 1/4 HI SD CRN 0.75 4.79 3/4 *Wet Bid Exchange rate was 1.2564 down 0.0029 Chicago soybeans closed slightly to moderately higher. AUG17 HI 10.17 1/4 NOV17 HI 10.31 1/4 LOW 9.95 LOW 10.08 1/4 CLOSE10.13 1/4 Up 13 1/2 CLOSE 10.27 Up 14 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV17 CK Low 1.90 12.03 442.121.75 12.02 441.66 CK High 2.10 12.23 449.471.90 12.17 447.17 CK Average 2.04 -0.4412.17 447.261.83 -0.6412.10 444.48 Essex Cty 2.00 12.13 445.791.70 11.97 439.82 Mdsx Low 2.06 12.19 448.001.83 12.10 444.60 Mdsx High 2.10 12.23 449.471.90 12.17 447.17 Mdsx Average 2.08 -0.4112.21 448.731.87 -0.6112.14 445.88 Hensall 2.10 12.23 449.471.90 12.17 447.17 Bruce 2.10 12.23 449.471.90 12.17 447.17 Putnam 2.05 12.18 447.631.85 12.12 445.33 Burford 2.13 12.26 450.571.90 12.17 447.17 Port Perry 2.06 12.19 448.001.83 12.10 444.60 Norfolk 2.08 12.21 448.731.88 12.15 446.44 Palmerston 2.05 12.18 447.631.75 12.02 441.66 Varna 2.05 12.18 447.631.85 12.12 445.33 Trenton 1.95 12.08 443.961.80 12.07 443.50 Winchester 2.10 12.23 449.472.25 12.52 460.03 North Gower 1.86 11.99 440.651.94 12.21 448.64 Huron FOB 2.20 12.33 453.142.00 12.27 450.85 Kent FOB 2.18 12.31 452.411.83 12.10 444.60 Lambton FOB 2.30 12.43 456.822.00 12.27 450.85 Middlesex FOB2.17 2.29 N/A N/A 12.30 452.042.00 12.27 450.85 PROCESSORS Hamilton 2.50 2.62 2.53 N/A 12.63 464.162.40 12.67 465.54 N/A N/A N/A TRANSFER Prescott 2.09 12.22 449.102.30 12.57 461.87 Sarnia N/A 2.15 12.42 456.36 Toledo El. -0.20 9.93 364.92-0.64 9.63 353.82 Exchange rate was 1.2564 down 0.0029 Chicago wheat closed slightly higher. SEP17 HI 5.08 1/4 JUL18 HI 5.64 1/2 LOW 4.95 LOW 5.54 1/4 CLOSE 5.05 3/4 Up 2 3/4 CLOSE 5.64 1/4 Up 2 1/2 Minni wheat closed slightly higher. SEP17 HI 7.80 SEP18 HI 6.71 1/4 LOW 7.60 3/4 LOW 6.60 CLOSE 7.78 Up 2 1/2 CLOSE 6.71 1/4 Up 4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.92 0.92 0.89 0.11 CAD $/bu 5.98 5.98 5.95 7.89 CAD $/tonne 219.62 219.62 218.70 289.91 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 0.60 N/A N/A N/A 0.65 N/A London 0.78 0.66 0.57 N/A 0.74 0.61 0.61 N/A Hensall 0.80 N/A 0.60 N/A 0.95 N/A 0.65 N/A Trenton N/A N/A 0.85 N/A N/A N/A 0.80 N/A Bruce 0.80 0.70 0.60 0.25 0.95 0.75 0.65 0.60 Essex N/A N/A 0.58 N/A N/A N/A 0.66 N/A Norwich 0.80 N/A 0.60 N/A 0.95 N/A 0.70 N/A Port Hope N/A 0.85 0.70 N/A N/A 0.70 0.75 N/A Kent Bridge 0.80 N/A 0.60 N/A 0.95 N/A 0.65 N/A Chatham N/A N/A 0.60 N/A N/A N/A 0.65 N/A Brigden N/A N/A 0.60 N/A N/A N/A 0.65 N/A Palmerston N/A 0.70 0.60 0.25 N/A 0.75 0.65 0.35 Varna 0.90 0.70 0.60 N/A 0.95 0.75 0.70 N/A Mitchell 0.80 0.60 0.60 N/A 0.95 0.70 0.65 N/A Thornton N/A N/A N/A -0.49 N/A N/A N/A N/A North Gower N/A 0.82 0.80 0.02 N/A 0.80 0.80 0.23 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 1.17N/A N/A N/A N/A N/A Toledo El. 4.91US 6.17CA 5.44US 6.84CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.88 0.82 0.82 0.34 CAD $/bu 6.52 6.46 6.46 7.05 CAD $/tonne 239.63 237.32 237.32 259.01 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 467.94 DDG's FOB Srn & Aylm 165.00