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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, August 25</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2483 down 0.0041</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP17 HI 3.42 3/4 DEC17 HI 3.57</u></div>
<div><u> LOW 3.38 LOW 3.52 1/2</u></div>
<div><u> CLOSE3.38 3/4 Down 3 1/4 CLOSE 3.53 1/2 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 +DEC17+DEC17+DEC17</u></div>
<div><u>CK Low 0.60 3.99 156.98 0.65 4.19 164.76</u></div>
<div><u>CK High 0.75 4.14 162.89 0.75 4.29 168.69</u></div>
<div><u>CK Avg 0.69 -0.12 4.08 160.59 0.67 -0.17 4.20 165.41</u></div>
<div><u>Essex Cty 0.75 4.14 162.89 0.75 4.29 168.69</u></div>
<div><u>Mdsx Low 0.65 4.04 158.95 0.65 4.19 164.76</u></div>
<div><u>Mdsx High 0.70 4.09 160.92 0.65 4.19 164.76</u></div>
<div><u>Mdsx Avg 0.68 -0.13 4.06 159.93 0.65 -0.18 4.19 164.76</u></div>
<div><u>Hensall 0.73 4.11 161.90 0.65 4.19 164.76</u></div>
<div><u>Bruce 0.70 4.09 160.92 0.65 4.19 164.76</u></div>
<div><u>Putnam 0.60 3.99 156.98 0.65 4.19 164.76</u></div>
<div><u>Burford 0.80 4.19 164.85 0.75 4.29 168.69</u></div>
<div><u>Port Perry 0.90 4.29 168.79 0.75 4.29 168.69</u></div>
<div><u>Norfolk 0.80 4.19 164.85 0.75 4.29 168.69</u></div>
<div><u>Palmerston 0.60 3.99 156.98 0.65 4.19 164.76</u></div>
<div><u>Varna 0.75 4.14 162.89 0.65 4.19 164.76</u></div>
<div><u>Trenton 1.05 4.44 174.70 0.85 4.39 172.63</u></div>
<div><u>Winchester 1.00 4.39 172.73 1.05 4.59 180.50</u></div>
<div><u>North Gower 1.00 4.39 172.73 1.02 4.56 179.32</u></div>
<div><u>Huron FOB 1.00 4.39 172.73 0.72 4.26 167.51</u></div>
<div><u>Kent FOB 0.90 4.29 168.79 0.70 4.24 166.72</u></div>
<div><u>Lamb FOB 0.80 4.19 164.85 0.65 4.19 164.76</u></div>
<div><u>Mdsx FOB 0.75 0.75N/A N/A 4.14 162.89 0.75 4.29 168.69</u></div>
<div><u>FOB SW Que 1.67 5.06 199.10N/A</u></div>
<div><u>Track 1.18 4.56 179.62N/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 4.34 170.66</u></div>
<div><u>Sarn-Eth 1.00 0.95N/A 0.85 4.39 172.73 0.85 4.39 172.63</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 4.59 180.50</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A 1.00 1.00 4.54 178.54</u></div>
<div><u>Cardnl-Ing N/A N/A 1.46 1.10 1.10 4.64 182.47</u></div>
<div><u>W O Feed 1.48 4.86 191.47</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.49 4.88 192.02</u></div>
<div><u>Toledo El. -0.09 3.30 129.92 -0.27 3.26 128.36</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A 0.65 4.19164 3/4</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.70 4.23 1/2</u></div>
<div><u>HI SD CRN 0.75 4.28 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2483 down 0.0041</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> NOV17 HI 9.47 NOV17 HI 9.47</u></div>
<div><u> LOW 9.42 1/4 LOW 9.42 1/4</u></div>
<div><u> CLOSE9.44 1/2 Down 2 CLOSE 9.44 1/2 Down 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 11.34 416.491.55 11.00 404.00</u></div>
<div><u>CK High 2.00 11.45 420.531.70 11.15 409.51</u></div>
<div><u>CK Average 1.96 -0.3111.40 418.941.60 -0.5911.05 405.96</u></div>
<div><u>Essex Cty 1.95 11.40 418.691.55 11.00 404.00</u></div>
<div><u>Mdsx Low 1.95 11.40 418.691.63 11.08 406.94</u></div>
<div><u>Mdsx High 2.00 11.45 420.531.65 11.10 407.67</u></div>
<div><u>Mdsx Average 1.98 -0.3011.42 419.611.64 -0.5611.09 407.30</u></div>
<div><u>Hensall 1.95 11.39 418.511.68 11.12 408.59</u></div>
<div><u>Bruce 2.00 11.45 420.531.65 11.10 407.67</u></div>
<div><u>Putnam 1.99 11.44 420.161.80 11.25 413.18</u></div>
<div><u>Burford 1.99 11.44 420.161.67 11.12 408.41</u></div>
<div><u>Port Perry 1.95 11.40 418.691.63 11.08 406.94</u></div>
<div><u>Norfolk 2.00 11.45 420.531.65 11.10 407.67</u></div>
<div><u>Palmerston 1.85 11.30 415.021.65 11.10 407.67</u></div>
<div><u>Varna 1.89 11.34 416.491.70 11.15 409.51</u></div>
<div><u>Trenton 1.90 11.35 416.861.70 11.15 409.51</u></div>
<div><u>Winchester 1.70 11.15 409.511.70 11.15 409.51</u></div>
<div><u>North Gower 1.74 11.19 410.981.90 11.35 416.86</u></div>
<div><u>Huron FOB 1.99 11.44 420.161.80 11.25 413.18</u></div>
<div><u>Kent FOB 2.05 11.50 422.371.60 11.05 405.83</u></div>
<div><u>Lambton FOB 2.05 11.50 422.371.75 11.20 411.35</u></div>
<div><u>Middlesex FOB2.12 2.12 N/A N/A 11.57 424.941.80 11.25 413.18</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.40 2.20 2.08 2.14 11.85 435.232.15 11.60 426.04</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.00 11.45 420.532.11 11.56 424.57</u></div>
<div><u>Sarnia 2.22 11.67 428.622.10 11.55 424.21</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 9.20 337.87-0.60 8.85 325.03</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2483 down 0.0041</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>SEP17 HI 4.12 3/4 JUL18 HI 4.87</u></div>
<div><u> LOW 4.08 1/2 LOW 4.83</u></div>
<div><u> CLOSE 4.09 1/2 Up 1/2 CLOSE 4.85 1/2 Up 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to steady.</u></div>
<div><u>SEP17 HI 6.59 1/2 SEP18 HI 6.37</u></div>
<div><u> LOW 6.47 LOW 6.28 3/4</u></div>
<div><u> CLOSE 6.50 1/2 Unchanged CLOSE 6.31 1/2 Down 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 0.64 0.83 0.77 0.18</u></div>
<div><u>CAD $/bu 4.74 4.92 4.86 6.68</u></div>
<div><u>CAD $/tonne 174.06 180.94 178.65 245.62</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 0.58 0.70 0.52 N/A 0.83 0.64 0.58 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 0.80 N/A</u></div>
<div><u>Bruce 0.60 0.60 0.55 0.25 0.85 0.65 0.60 0.35</u></div>
<div><u>Essex N/A N/A 0.49 N/A N/A N/A 0.66 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 0.75 0.60 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 -0.45 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.84 0.78 0.18 N/A 0.87 0.87 0.23</u></div>
<div><u>W O Feed 1.10</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 1.20N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.10US 5.11CA 4.66US 5.81CA</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 0.70 0.70 0.70 0.19</u></div>
<div><u>CAD $/bu 5.56 5.56 5.56 6.51</u></div>
<div><u>CAD $/tonne 204.29 204.29 204.29 239.14</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 444.68</u></div>
<div><u>DDG's FOB Srn & Aylm 140.00 - 145.00</u></div>
<div><u><br>
</u></div>
<div><u></u>
<p class="MsoNormal" style=""><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" style=""><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" style=""><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" style=""><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" style=""><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>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object" style=""><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" style=""><span style="font-size:10.0pt;line-height:115%;
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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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