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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 24</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2502 down 0.0021</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP17 HI 3.77 1/2 DEC17 HI 3.91 1/4</u></div>
<div><u> LOW 3.71 LOW 3.84 3/4</u></div>
<div><u> CLOSE3.77 1/4 Down 2 1/2 CLOSE 3.90 3/4 Down 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 4.37 172.14 0.65 4.56 179.42</u></div>
<div><u>CK High 0.60 4.37 172.14 0.70 4.61 181.39</u></div>
<div><u>CK Avg 0.60 -0.28 4.37 172.14 0.68 -0.23 4.59 180.73</u></div>
<div><u>Essex Cty 0.60 4.37 172.14 0.65 4.56 179.42</u></div>
<div><u>Mdsx Low 0.60 4.37 172.14 0.70 4.61 181.39</u></div>
<div><u>Mdsx High 0.60 4.37 172.14 0.70 4.61 181.39</u></div>
<div><u>Mdsx Avg 0.60 -0.28 4.37 172.14 0.70 -0.22 4.61 181.39</u></div>
<div><u>Hensall 0.60 4.37 172.14 0.70 4.61 181.39</u></div>
<div><u>Bruce 0.60 4.37 172.14 0.70 4.61 181.39</u></div>
<div><u>Putnam 0.60 4.37 172.14 0.70 4.61 181.39</u></div>
<div><u>Burford 0.60 4.37 172.14 0.75 4.66 183.36</u></div>
<div><u>Port Perry 0.85 4.62 181.98 0.80 4.71 185.33</u></div>
<div><u>Norfolk 0.70 4.47 176.07 0.75 4.66 183.36</u></div>
<div><u>Palmerston 0.60 4.37 172.14 0.70 4.61 181.39</u></div>
<div><u>Varna 0.60 4.37 172.14 0.70 4.61 181.39</u></div>
<div><u>Trenton 1.00 4.77 187.89 0.80 4.71 185.33</u></div>
<div><u>Winchester 1.00 4.77 187.89 1.00 4.91 193.20</u></div>
<div><u>North Gower 1.01 4.78 188.28 0.98 4.89 192.41</u></div>
<div><u>Huron FOB 0.82 4.59 180.80 0.75 4.66 183.36</u></div>
<div><u>Kent FOB 0.75 4.52 178.04 0.65 4.56 179.42</u></div>
<div><u>Lamb FOB 0.75 4.52 178.04 0.70 4.61 181.39</u></div>
<div><u>Mdsx FOB 0.70 0.70N/A N/A 4.47 176.07 0.75 4.66 183.36</u></div>
<div><u>FOB SW Que 1.44 5.21 205.21N/A</u></div>
<div><u>Track 1.03 4.80 188.87N/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 4.71 185.33</u></div>
<div><u>Sarn-Eth 0.95 1.00 0.95N/A 4.72 185.92N/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 1.00 4.91 193.20</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 0.95 4.86 191.23</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 1.22 5.00 196.70</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.24 5.01 197.33</u></div>
<div><u>Toledo El. -0.10 3.67 144.58 -0.31 3.60 141.55</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.58 1/4</u></div>
<div><u>HI SD CRN 0.70 4.60 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 1.2502 down 0.0021</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> AUG17 HI 10.00 1/2 NOV17 HI 10.13 1/2</u></div>
<div><u> LOW 9.85 3/4 LOW 9.98 1/4</u></div>
<div><u> CLOSE9.97 1/2 Down 11 1/2 CLOSE 10.10 Down 12 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 1.80 11.78 432.661.65 11.75 431.74</u></div>
<div><u>CK High 2.00 11.98 440.011.75 11.85 435.41</u></div>
<div><u>CK Average 1.95 -0.4411.93 438.231.70 -0.6511.80 433.58</u></div>
<div><u>Essex Cty 2.00 11.98 440.011.70 11.80 433.58</u></div>
<div><u>Mdsx Low 1.94 11.92 437.801.70 11.80 433.58</u></div>
<div><u>Mdsx High 2.00 11.98 440.011.75 11.85 435.41</u></div>
<div><u>Mdsx Average 1.97 -0.4211.95 438.901.73 -0.6311.83 434.49</u></div>
<div><u>Hensall 2.00 11.98 440.011.78 11.88 436.33</u></div>
<div><u>Bruce 2.00 11.98 440.011.75 11.85 435.41</u></div>
<div><u>Putnam 2.00 11.98 440.011.75 11.85 435.41</u></div>
<div><u>Burford 2.01 11.99 440.371.77 11.87 436.15</u></div>
<div><u>Port Perry 1.94 11.92 437.801.70 11.80 433.58</u></div>
<div><u>Norfolk 1.97 11.95 438.901.75 11.85 435.41</u></div>
<div><u>Palmerston 2.05 12.03 441.841.70 11.80 433.58</u></div>
<div><u>Varna 2.00 11.98 440.011.80 11.90 437.25</u></div>
<div><u>Trenton 1.95 11.93 438.171.75 11.85 435.41</u></div>
<div><u>Winchester 1.80 11.78 432.661.90 12.00 440.92</u></div>
<div><u>North Gower 1.75 11.73 430.822.05 12.15 446.44</u></div>
<div><u>Huron FOB 2.10 12.08 443.681.90 12.00 440.92</u></div>
<div><u>Kent FOB 2.07 12.05 442.581.70 11.80 433.58</u></div>
<div><u>Lambton FOB 2.20 12.18 447.351.85 11.95 439.09</u></div>
<div><u>Middlesex FOB2.05 2.23 N/A N/A 12.03 441.841.87 11.97 439.82</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.50 2.50 2.40 2.25 12.48 458.382.25 12.35 453.78</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 1.98 11.96 439.272.19 12.29 451.58</u></div>
<div><u>Sarnia N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.18 9.80 360.09-0.64 9.46 347.72</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2502 down 0.0021</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>SEP17 HI 4.96 1/2 JUL18 HI 5.55 1/2</u></div>
<div><u> LOW 4.83 LOW 5.46 1/4</u></div>
<div><u> CLOSE 4.88 3/4 Down 10 1/2 CLOSE 5.52 1/2 Down 5 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed mixed.</u></div>
<div><u>SEP17 HI 7.64 3/4 SEP18 HI 6.70</u></div>
<div><u> LOW 7.22 1/4 LOW 6.47 1/2</u></div>
<div><u> CLOSE 7.50 1/2 Down 15 1/4 CLOSE 6.69 1/2 Up 2 3/4</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 0.85 0.85 0.79 0.00</u></div>
<div><u>CAD $/bu 5.74 5.74 5.67 7.51</u></div>
<div><u>CAD $/tonne 210.74 210.74 208.44 275.86</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 0.72 0.60 0.51 N/A 0.68 0.56 0.56 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 0.75 N/A</u></div>
<div><u>Bruce 0.80 0.70 0.60 0.25 0.95 0.75 0.65 0.35</u></div>
<div><u>Essex N/A N/A 0.54 N/A N/A N/A 0.57 N/A</u></div>
<div><u>Norwich 0.80 N/A 0.60 N/A 0.95 N/A 0.65 N/A</u></div>
<div><u>Port Hope N/A 0.80 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 0.60 0.55 0.25 N/A 0.65 0.60 0.35</u></div>
<div><u>Varna 0.90 0.65 0.60 N/A 0.90 0.70 0.65 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 -0.46 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.78 0.76 -0.15 N/A 0.78 0.78 0.19</u></div>
<div><u>W O Feed 1.31</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia N/A N/A N/A 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 1.22N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.74US 5.92CA 5.33US 6.65CA</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 0.81 0.75 0.75 0.29</u></div>
<div><u>CAD $/bu 6.34 6.27 6.27 6.98</u></div>
<div><u>CAD $/tonne 232.79 230.49 230.49 256.64</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 462.87</u></div>
<div><u>DDG's FOB Srn & Aylm 165.00</u></div>
<div><u><br>
</u></div>
<u></u>
<p class="MsoNormal"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">Blair Andrews</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><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);">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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">x
63577<span class="apple-converted-space"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><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);">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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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