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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 26</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2473 down 0.0032</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP17 HI 3.73 1/4 DEC17 HI 3.86 1/4</u></div>
<div><u> LOW 3.66 LOW 3.79 1/4</u></div>
<div><u> CLOSE3.72 3/4 Up 4 CLOSE 3.86 Up 3 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 4.33 170.37 0.65 4.51 177.55</u></div>
<div><u>CK High 0.60 4.33 170.37 0.65 4.51 177.55</u></div>
<div><u>CK Avg 0.60 -0.26 4.33 170.37 0.65 -0.25 4.51 177.55</u></div>
<div><u>Essex Cty 0.60 4.33 170.37 0.65 4.51 177.55</u></div>
<div><u>Mdsx Low 0.60 4.33 170.37 0.65 4.51 177.55</u></div>
<div><u>Mdsx High 0.60 4.33 170.37 0.70 4.56 179.52</u></div>
<div><u>Mdsx Avg 0.60 -0.26 4.33 170.37 0.68 -0.23 4.54 178.54</u></div>
<div><u>Hensall 0.60 4.33 170.37 0.70 4.56 179.52</u></div>
<div><u>Bruce 0.60 4.33 170.37 0.70 4.56 179.52</u></div>
<div><u>Putnam 0.60 4.33 170.37 0.70 4.56 179.52</u></div>
<div><u>Burford 0.60 4.33 170.37 0.70 4.56 179.52</u></div>
<div><u>Port Perry 0.85 4.58 180.21 0.75 4.61 181.49</u></div>
<div><u>Norfolk 0.70 4.43 174.30 0.75 4.61 181.49</u></div>
<div><u>Palmerston 0.60 4.33 170.37 0.65 4.51 177.55</u></div>
<div><u>Varna 0.60 4.33 170.37 0.70 4.56 179.52</u></div>
<div><u>Trenton 0.95 4.68 184.15 0.80 4.66 183.46</u></div>
<div><u>Winchester 1.00 4.73 186.11 1.00 4.86 191.33</u></div>
<div><u>North Gower 1.00 4.73 186.11 0.97 4.83 190.15</u></div>
<div><u>Huron FOB 0.82 4.55 179.03 0.75 4.61 181.49</u></div>
<div><u>Kent FOB 0.75 4.48 176.27 0.65 4.51 177.55</u></div>
<div><u>Lamb FOB 0.75 4.48 176.27 0.70 4.56 179.52</u></div>
<div><u>Mdsx FOB 0.75 0.75N/A N/A 4.48 176.27 0.75 4.61 181.49</u></div>
<div><u>FOB SW Que 1.53 5.26 206.98N/A</u></div>
<div><u>Track 1.03 4.75 187.10N/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 4.66 183.46</u></div>
<div><u>Sarn-Eth 0.95 1.00 0.95N/A 4.68 184.15N/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 4.86 191.33</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 0.95 4.81 189.36</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.20 1.20 5.06 199.20</u></div>
<div><u>W O Feed 1.23 4.96 195.25</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.30 5.03 197.92</u></div>
<div><u>Toledo El. -0.10 3.63 142.82 -0.31 3.55 139.66</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A 0.65 4.51177 5/9</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 4.51</u></div>
<div><u>HI SD CRN 0.65 4.51</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2473 down 0.0032</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG17 HI 9.91 NOV17 HI 10.02 1/2</u></div>
<div><u> LOW 9.73 1/4 LOW 9.84 1/2</u></div>
<div><u> CLOSE9.88 3/4 Up 7 1/4 CLOSE 10.00 1/4 Up 7 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 1.80 11.69 429.441.65 11.65 428.16</u></div>
<div><u>CK High 2.00 11.89 436.791.75 11.75 431.83</u></div>
<div><u>CK Average 1.95 -0.4011.84 435.011.69 -0.6511.69 429.50</u></div>
<div><u>Essex Cty 2.00 11.89 436.791.70 11.70 429.99</u></div>
<div><u>Mdsx Low 1.96 11.85 435.321.67 11.67 428.89</u></div>
<div><u>Mdsx High 2.00 11.89 436.791.75 11.75 431.83</u></div>
<div><u>Mdsx Average 1.98 -0.3711.87 436.061.71 -0.6311.71 430.36</u></div>
<div><u>Hensall 2.00 11.89 436.791.78 11.78 432.75</u></div>
<div><u>Bruce 2.00 11.89 436.791.75 11.75 431.83</u></div>
<div><u>Putnam 2.00 11.89 436.791.75 11.75 431.83</u></div>
<div><u>Burford 2.03 11.92 437.891.74 11.74 431.46</u></div>
<div><u>Port Perry 1.96 11.85 435.321.67 11.67 428.89</u></div>
<div><u>Norfolk 1.95 11.84 434.951.70 11.70 429.99</u></div>
<div><u>Palmerston 2.05 11.94 438.631.70 11.70 429.99</u></div>
<div><u>Varna 2.00 11.89 436.791.80 11.80 433.67</u></div>
<div><u>Trenton 1.95 11.84 434.951.75 11.75 431.83</u></div>
<div><u>Winchester 1.80 11.69 429.441.90 11.90 437.34</u></div>
<div><u>North Gower 1.69 11.58 425.401.95 11.95 439.18</u></div>
<div><u>Huron FOB 2.10 11.99 440.471.90 11.90 437.34</u></div>
<div><u>Kent FOB 2.05 11.94 438.631.65 11.65 428.16</u></div>
<div><u>Lambton FOB 2.20 12.09 444.141.85 11.85 435.50</u></div>
<div><u>Middlesex FOB2.01 2.20 N/A N/A 11.90 437.161.84 11.84 435.14</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.48 2.48 2.38 2.25 12.37 454.432.05 12.05 442.85</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.01 11.90 437.162.22 12.22 449.10</u></div>
<div><u>Sarnia 2.22 12.11 444.871.97 11.97 439.91</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.17 9.71 356.89-0.64 9.36 344.10</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2473 down 0.0032</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>SEP17 HI 4.81 JUL18 HI 5.45 3/4</u></div>
<div><u> LOW 4.73 LOW 5.40</u></div>
<div><u> CLOSE 4.77 3/4 Up 3 3/4 CLOSE 5.43 Up 2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher to higher.</u></div>
<div><u>SEP17 HI 7.34 SEP18 HI 6.61</u></div>
<div><u> LOW 7.12 3/4 LOW 6.49 3/4</u></div>
<div><u> CLOSE 7.30 Up 12 1/2 CLOSE 6.54 1/2 Up 5 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 0.81 0.81 0.75 -0.07</u></div>
<div><u>CAD $/bu 5.59 5.59 5.52 7.23</u></div>
<div><u>CAD $/tonne 205.21 205.21 202.92 265.83</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 0.55 N/A N/A N/A 0.60 N/A</u></div>
<div><u>London 0.74 0.68 0.61 N/A 0.72 0.65 0.59 N/A</u></div>
<div><u>Hensall 0.75 N/A 0.55 N/A 0.90 N/A 0.60 N/A</u></div>
<div><u>Trenton N/A N/A 0.85 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Bruce 0.75 0.60 0.55 0.25 0.90 0.65 0.60 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 0.75 N/A 0.55 N/A 0.90 N/A 0.60 N/A</u></div>
<div><u>Port Hope N/A 0.75 0.70 N/A N/A 0.70 0.70 N/A</u></div>
<div><u>Kent Bridge 0.75 N/A 0.55 N/A 0.90 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A N/A 0.55 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.55 N/A N/A N/A 0.60 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 0.75 0.60 0.55 N/A 0.90 0.70 0.60 N/A</u></div>
<div><u>Thornton N/A N/A N/A -0.40 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.71 0.65 -0.18 N/A 0.72 0.72 0.12</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 0.90 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 1.18N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.68US 5.83CA 5.23US 6.54CA</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 0.86 0.80 0.80 0.26</u></div>
<div><u>CAD $/bu 6.29 6.23 6.23 6.81</u></div>
<div><u>CAD $/tonne 231.08 228.79 228.79 250.15</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 456.14</u></div>
<div><u>DDG's FOB Srn & Aylm 155.00 - 165.00</u></div>
<div><br>
</div>
<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;
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<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>
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