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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, August 23</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2545 down 0.0009</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP17 HI 3.48 3/4 DEC17 HI 3.62 3/4</u></div>
<div><u> LOW 3.41 1/2 LOW 3.55 1/2</u></div>
<div><u> CLOSE3.42 Down 4 CLOSE 3.55 3/4 Down 4 1/4</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 +DEC17+DEC17+DEC17</u></div>
<div><u>CK Low 0.60 4.02 158.26 0.65 4.21 165.64</u></div>
<div><u>CK High 0.65 4.07 160.23 0.65 4.21 165.64</u></div>
<div><u>CK Avg 0.63 -0.19 4.05 159.57 0.65 -0.21 4.21 165.64</u></div>
<div><u>Essex Cty 0.60 4.02 158.26 0.65 4.21 165.64</u></div>
<div><u>Mdsx Low 0.65 4.07 160.23 0.65 4.21 165.64</u></div>
<div><u>Mdsx High 0.65 4.07 160.23 0.65 4.21 165.64</u></div>
<div><u>Mdsx Avg 0.65 -0.18 4.07 160.23 0.65 -0.21 4.21 165.64</u></div>
<div><u>Hensall 0.70 4.12 162.20 0.65 4.21 165.64</u></div>
<div><u>Bruce 0.65 4.07 160.23 0.65 4.21 165.64</u></div>
<div><u>Putnam 0.60 4.02 158.26 0.65 4.21 165.64</u></div>
<div><u>Burford 0.70 4.12 162.20 0.75 4.31 169.58</u></div>
<div><u>Port Perry 0.85 4.27 168.10 0.75 4.31 169.58</u></div>
<div><u>Norfolk 0.75 4.17 164.17 0.75 4.31 169.58</u></div>
<div><u>Palmerston 0.60 4.02 158.26 0.65 4.21 165.64</u></div>
<div><u>Varna 0.75 4.17 164.17 0.65 4.21 165.64</u></div>
<div><u>Trenton 1.00 4.42 174.01 0.85 4.41 173.52</u></div>
<div><u>Winchester 1.00 4.42 174.01 1.05 4.61 181.39</u></div>
<div><u>North Gower 1.00 4.42 174.01 1.02 4.58 180.21</u></div>
<div><u>Huron FOB 1.00 4.42 174.01 0.72 4.28 168.40</u></div>
<div><u>Kent FOB 0.85 4.27 168.10 0.70 4.26 167.61</u></div>
<div><u>Lamb FOB 0.80 4.22 166.13 0.65 4.21 165.64</u></div>
<div><u>Mdsx FOB 0.75 0.75N/A N/A 4.17 164.17 0.75 4.31 169.58</u></div>
<div><u>FOB SW Que 1.66 5.08 199.99N/A</u></div>
<div><u>Track 1.15 4.57 179.91N/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 0.95N/A 0.80 0.80 4.36 171.55</u></div>
<div><u>Sarn-Eth 1.00 0.95N/A 0.85 4.42 174.01 0.85 4.41 173.52</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 1.30 1.05 1.05 4.61 181.39</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A 1.00 1.00 4.56 179.42</u></div>
<div><u>Cardnl-Ing N/A N/A 1.46 1.10 1.10 4.66 183.36</u></div>
<div><u>W O Feed 1.40 4.82 189.68</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.36 4.78 188.18</u></div>
<div><u>Toledo El. -0.09 3.33 131.18 -0.28 3.28 129.18</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A 0.65 4.21165 2/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 4.20 3/4</u></div>
<div><u>HI SD CRN 0.65 4.20 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 1.2545 down 0.0009</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV17 HI 9.47 NOV17 HI 9.47</u></div>
<div><u> LOW 9.32 3/4 LOW 9.32 3/4</u></div>
<div><u> CLOSE9.38 Up 1/2 CLOSE 9.38 Up 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 +NOV1+NOV1+NOV17</u></div>
<div><u>CK Low 1.89 11.27 414.101.55 10.93 401.61</u></div>
<div><u>CK High 1.95 11.33 416.311.70 11.08 407.12</u></div>
<div><u>CK Average 1.92 -0.3811.30 415.021.61 -0.6310.99 403.94</u></div>
<div><u>Essex Cty 1.95 11.33 416.311.55 10.93 401.61</u></div>
<div><u>Mdsx Low 1.90 11.28 414.471.65 11.03 405.28</u></div>
<div><u>Mdsx High 1.95 11.33 416.311.69 11.07 406.75</u></div>
<div><u>Mdsx Average 1.93 -0.3711.31 415.391.67 -0.5811.05 406.02</u></div>
<div><u>Hensall 1.91 11.29 414.841.68 11.06 406.20</u></div>
<div><u>Bruce 1.90 11.28 414.471.65 11.03 405.28</u></div>
<div><u>Putnam 2.02 11.40 418.881.80 11.18 410.79</u></div>
<div><u>Burford 2.02 11.40 418.881.76 11.14 409.32</u></div>
<div><u>Port Perry 1.95 11.33 416.311.69 11.07 406.75</u></div>
<div><u>Norfolk 1.95 11.33 416.311.65 11.03 405.28</u></div>
<div><u>Palmerston 1.85 11.23 412.631.65 11.03 405.28</u></div>
<div><u>Varna 1.92 11.30 415.201.70 11.08 407.12</u></div>
<div><u>Trenton 1.95 11.33 416.311.80 11.18 410.79</u></div>
<div><u>Winchester 1.70 11.08 407.121.70 11.08 407.12</u></div>
<div><u>North Gower 1.76 11.14 409.321.90 11.28 414.47</u></div>
<div><u>Huron FOB 2.02 11.40 418.881.80 11.18 410.79</u></div>
<div><u>Kent FOB 2.00 11.38 418.141.60 10.98 403.45</u></div>
<div><u>Lambton FOB 2.05 11.43 419.981.75 11.13 408.96</u></div>
<div><u>Middlesex FOB2.12 2.12 N/A N/A 11.50 422.551.86 11.24 413.00</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.50 2.30 2.16 2.22 11.88 436.522.16 11.54 424.02</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.00 11.38 418.142.11 11.49 422.19</u></div>
<div><u>Sarnia 2.22 11.60 426.232.10 11.48 421.82</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.28 9.10 334.51-0.64 8.74 321.12</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2545 down 0.0009</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>SEP17 HI 4.08 1/2 JUL18 HI 4.86</u></div>
<div><u> LOW 4.01 1/4 LOW 4.80 1/2</u></div>
<div><u> CLOSE 4.03 1/4 Up 1 CLOSE 4.82 Up 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed mixed.</u></div>
<div><u>SEP17 HI 6.45 1/2 SEP18 HI 6.33</u></div>
<div><u> LOW 6.38 1/2 LOW 6.28</u></div>
<div><u> CLOSE 6.39 1/4 Down 1 3/4 CLOSE 6.31 1/4 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 0.65 0.84 0.78 0.18</u></div>
<div><u>CAD $/bu 4.68 4.87 4.81 6.58</u></div>
<div><u>CAD $/tonne 172.06 178.97 176.67 241.66</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 0.59 0.72 0.53 N/A 0.85 0.67 0.60 N/A</u></div>
<div><u>Hensall 0.60 N/A 0.55 N/A 0.85 N/A 0.60 N/A</u></div>
<div><u>Trenton N/A N/A 0.85 N/A N/A N/A 0.85 N/A</u></div>
<div><u>Bruce 0.70 0.60 0.55 0.25 0.90 0.65 0.60 0.35</u></div>
<div><u>Essex N/A N/A 0.49 N/A N/A N/A 0.67 N/A</u></div>
<div><u>Norwich 0.60 N/A 0.55 N/A 0.85 N/A 0.60 N/A</u></div>
<div><u>Port Hope N/A 0.85 0.70 N/A N/A 0.65 0.70 N/A</u></div>
<div><u>Kent Bridge 0.60 N/A 0.55 N/A 0.85 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 0.85 0.65 0.55 N/A 0.85 0.65 0.60 N/A</u></div>
<div><u>Mitchell 0.60 0.60 0.55 N/A 0.85 0.65 0.60 N/A</u></div>
<div><u>Thornton N/A N/A N/A -0.38 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.84 0.78 0.19 N/A 0.87 0.87 0.20</u></div>
<div><u>W O Feed 1.13</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia N/A N/A 0.81 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 1.21N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.03US 5.06CA 4.62US 5.80CA</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 0.73 0.73 0.73 0.23</u></div>
<div><u>CAD $/bu 5.55 5.55 5.55 6.55</u></div>
<div><u>CAD $/tonne 203.95 203.95 203.95 240.52</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 440.16</u></div>
<div><u>DDG's FOB Srn & Aylm 140.00 - 145.00</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;
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>
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