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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, September 1</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2392 down 0.0104</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.60 3/4 DEC17 HI 3.60 3/4</u></div>
<div><u> LOW 3.53 1/4 LOW 3.53 1/4</u></div>
<div><u> CLOSE3.55 1/4 Down 2 1/2 CLOSE 3.55 1/4 Down 2 1/2</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+MAR18</u></div>
<div><u>CK Low 0.65 4.20 165.45 0.65 4.20 165.45</u></div>
<div><u>CK High 0.75 4.30 169.38 0.75 4.30 169.38</u></div>
<div><u>CK Avg 0.70 -0.12 4.25 167.41 0.67 -0.13 4.22 166.10</u></div>
<div><u>Essex Cty 0.75 4.30 169.38 0.75 4.30 169.38</u></div>
<div><u>Mdsx Low 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>Mdsx High 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>Mdsx Avg 0.70 -0.12 4.25 167.41 0.65 -0.15 4.20 165.45</u></div>
<div><u>Hensall 0.69 4.24 167.02 0.65 4.20 165.45</u></div>
<div><u>Bruce 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>Putnam 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>Burford 0.80 4.35 171.35 0.75 4.30 169.38</u></div>
<div><u>Port Perry 0.90 4.45 175.29 0.80 4.35 171.35</u></div>
<div><u>Norfolk 0.75 4.30 169.38 0.75 4.30 169.38</u></div>
<div><u>Palmerston 0.75 4.30 169.38 0.75 4.30 169.38</u></div>
<div><u>Varna 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>Trenton 1.00 4.55 179.22 0.75 4.30 169.38</u></div>
<div><u>Winchester N/A 1.10 4.65 183.16</u></div>
<div><u>North Gower 1.05 4.60 181.19 1.10 4.65 183.16</u></div>
<div><u>Huron FOB 1.12 4.67 183.95 0.75 4.30 169.38</u></div>
<div><u>Kent FOB 0.90 4.45 175.29 0.70 4.25 167.41</u></div>
<div><u>Lamb FOB 1.00 4.55 179.22 0.75 4.30 169.38</u></div>
<div><u>Mdsx FOB 0.90N/A N/A N/A 4.45 175.29 0.70 4.25 167.41</u></div>
<div><u>FOB SW Que 1.74 5.29 208.36N/A</u></div>
<div><u>Track 1.20 4.75 187.10N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 0.92 N/A</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 1.15N/A N/A 0.90 4.70 185.13 0.80 4.35 171.35</u></div>
<div><u>Sarn-Eth 0.90N/A 0.95 0.95 4.45 175.29 0.95 4.50 177.26</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A 1.25 0.90 0.95 1.00 4.55 179.22</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A 1.05 1.05 4.60 181.19</u></div>
<div><u>Cardnl-Ing N/A 1.45 1.05 1.15 1.05 4.60 181.19</u></div>
<div><u>W O Feed 1.45 5.01 197.10</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.35 4.90 193.00</u></div>
<div><u>Toledo El. -0.26 3.29 129.61 -0.27 3.28 129.17</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 0.70 4.25 1/4</u></div>
<div><u>HI SD CRN 0.75 4.30 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2392 down 0.0104</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV17 HI 9.52 NOV17 HI 9.52</u></div>
<div><u> LOW 9.43 LOW 9.43</u></div>
<div><u> CLOSE9.49 1/2 Up 4 1/4 CLOSE 9.49 1/2 Up 4 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 +NOV1+NOV1+JAN18</u></div>
<div><u>CK Low 1.60 11.10 407.671.40 10.90 400.32</u></div>
<div><u>CK High 1.95 11.45 420.531.65 11.15 409.51</u></div>
<div><u>CK Average 1.81 -0.3711.30 415.311.51 -0.5811.01 404.36</u></div>
<div><u>Essex Cty 1.95 11.45 420.531.60 11.10 407.67</u></div>
<div><u>Mdsx Low 1.85 11.35 416.861.50 11.00 404.00</u></div>
<div><u>Mdsx High 1.85 11.35 416.861.52 11.02 404.73</u></div>
<div><u>Mdsx Average 1.85 -0.3411.35 416.861.51 -0.5811.01 404.36</u></div>
<div><u>Hensall 1.83 11.32 415.941.53 11.02 404.92</u></div>
<div><u>Bruce 1.85 11.35 416.861.50 11.00 404.00</u></div>
<div><u>Putnam 1.85 11.35 416.861.50 11.00 404.00</u></div>
<div><u>Burford 1.89 11.39 418.331.56 11.06 406.20</u></div>
<div><u>Port Perry 1.85 11.35 416.861.52 11.02 404.73</u></div>
<div><u>Norfolk N/A 1.55 11.05 405.83</u></div>
<div><u>Palmerston N/A 1.55 11.05 405.83</u></div>
<div><u>Varna 1.80 11.30 415.021.55 11.05 405.83</u></div>
<div><u>Trenton 1.70 11.20 411.351.70 11.20 411.35</u></div>
<div><u>Winchester 1.60 11.10 407.671.49 10.99 403.63</u></div>
<div><u>North Gower 1.70 11.20 411.351.80 11.30 415.02</u></div>
<div><u>Huron FOB 1.95 11.45 420.531.65 11.15 409.51</u></div>
<div><u>Kent FOB N/A 1.50 11.00 404.00</u></div>
<div><u>Lambton FOB 1.95 11.45 420.531.60 11.10 407.67</u></div>
<div><u>Middlesex FOB2.02 1.69 1.76 1.76 11.52 423.101.69 11.19 410.98</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.35 2.03 2.08 2.10 11.85 435.232.03 11.53 423.47</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott N/A 2.02 11.52 423.10</u></div>
<div><u>Sarnia N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. N/A -0.59 8.90 327.12</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2392 down 0.0104</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>DEC17 HI 4.40 JUL18 HI 4.87 1/2</u></div>
<div><u> LOW 4.33 1/4 LOW 4.82 1/2</u></div>
<div><u> CLOSE 4.38 3/4 Up 4 1/4 CLOSE 4.85 3/4 Up 2 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>DEC17 HI 6.46 1/2 SEP18 HI 6.30</u></div>
<div><u> LOW 6.31 LOW 6.25</u></div>
<div><u> CLOSE 6.31 3/4 Down 8 3/4 CLOSE 6.25 Down 1</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 0.37 0.55 0.49 -0.15</u></div>
<div><u>CAD $/bu 4.76 4.94 4.88 6.17</u></div>
<div><u>CAD $/tonne 174.73 181.56 179.28 226.63</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 0.35 N/A N/A N/A 0.60 N/A</u></div>
<div><u>London 0.48 0.60 0.36 N/A 0.77 0.59 0.52 N/A</u></div>
<div><u>Hensall 0.40 N/A 0.35 N/A 0.85 N/A 0.60 N/A</u></div>
<div><u>Trenton N/A N/A 0.70 N/A N/A N/A 0.80 N/A</u></div>
<div><u>Bruce 0.40 0.45 0.35 0.05 0.85 0.65 0.60 0.35</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.58 N/A</u></div>
<div><u>Norwich 0.40 N/A 0.35 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 0.40 N/A 0.35 N/A 0.85 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A N/A 0.35 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.35 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Palmerston N/A 0.65 0.30 0.25 N/A 0.65 0.60 0.35</u></div>
<div><u>Varna 0.65 0.45 0.35 N/A 0.85 0.65 0.60 N/A</u></div>
<div><u>Mitchell 0.40 0.40 0.35 N/A 0.85 0.65 0.60 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.04 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.58 0.52 -0.08 N/A 0.86 0.86 0.19</u></div>
<div><u>W O Feed 1.09</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 1.05N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.19US 5.19CA 4.66US 5.75CA</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 0.64 0.64 0.64 0.11</u></div>
<div><u>CAD $/bu 5.50 5.50 5.50 6.36</u></div>
<div><u>CAD $/tonne 202.13 202.13 202.13 233.53</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 451.40</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>
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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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