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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 22</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3263 down 0.0018</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 3.59 3/4 DEC18 HI 3.80 1/2</u></div>
<div><u> LOW 3.55 LOW 3.75 3/4</u></div>
<div><u> CLOSE3.57 1/4 Up 1/4 CLOSE 3.78 Down 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 +SEP18+SEP18+DEC18</u></div>
<div><u>CK Low 0.85 4.42 174.11 0.80 4.58 180.31</u></div>
<div><u>CK High 1.00 4.57 180.01 0.90 4.68 184.24</u></div>
<div><u>CK Avg 0.94 -0.17 4.51 177.71 0.83 -0.31 4.61 181.29</u></div>
<div><u>Essex Cty 0.95 4.52 178.04 0.80 4.58 180.31</u></div>
<div><u>Mdsx Low 0.95 4.52 178.04 0.80 4.58 180.31</u></div>
<div><u>Mdsx High 0.95 4.52 178.04 0.80 4.58 180.31</u></div>
<div><u>Mdsx Avg 0.95 -0.16 4.52 178.04 0.80 -0.33 4.58 180.31</u></div>
<div><u>Hensall 0.95 4.52 178.04 0.80 4.58 180.31</u></div>
<div><u>Bruce 0.90 4.47 176.07 0.80 4.58 180.31</u></div>
<div><u>Putnam 0.90 4.47 176.07 0.75 4.53 178.34</u></div>
<div><u>Burford 0.95 4.52 178.04 0.80 4.58 180.31</u></div>
<div><u>Port Perry 0.95 4.52 178.04 0.85 4.63 182.28</u></div>
<div><u>Norfolk 0.95 4.52 178.04 0.80 4.58 180.31</u></div>
<div><u>Palmerston 1.00 4.57 180.01 0.85 4.63 182.28</u></div>
<div><u>Varna 0.95 4.52 178.04 0.80 4.58 180.31</u></div>
<div><u>Trenton 0.90 4.47 176.07 0.90 4.68 184.24</u></div>
<div><u>Winchester 1.11 4.68 184.34 1.18 4.96 195.27</u></div>
<div><u>North Gower 1.10 4.67 183.95 1.14 4.92 193.69</u></div>
<div><u>Huron FOB 1.10 4.67 183.95 0.85 4.63 182.28</u></div>
<div><u>Kent FOB 1.10 4.67 183.95 0.85 4.63 182.28</u></div>
<div><u>Lamb FOB 1.10 4.67 183.95 0.85 4.63 182.28</u></div>
<div><u>Mdsx FOB 0.95 0.95N/A N/A 4.52 178.04 0.85 4.63 182.28</u></div>
<div><u>FOB SW Que 1.68 5.25 206.78N/A</u></div>
<div><u>Track 1.30 4.87 191.82N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.04 4.82 189.76</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.11 4.89 192.51</u></div>
<div><u>Aylmer-Eth N/A N/A 1.35 1.35 1.05 4.83 190.15</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25N/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 1.35 1.35 1.10 4.88 192.12</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.20 4.98 196.05</u></div>
<div><u>W O Feed 1.49 5.07 199.46</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.54 5.11 201.27</u></div>
<div><u>Toledo El. 0.00 3.57 140.64 -0.27 3.51 138.37</u></div>
<div><u><br>
</u></div>
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</u></div>
<div><u>MID SD CRN 0.85 4.63</u></div>
<div><u>HI SD CRN 0.90 4.68</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3263 down 0.0018</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 8.97 1/2 NOV18 HI 9.19</u></div>
<div><u> LOW 8.78 3/4 LOW 9.00</u></div>
<div><u> CLOSE8.94 1/2 Up 14 CLOSE 9.16 1/4 Up 14 3/4</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 +JUL1+AUG1+NOV18</u></div>
<div><u>CK Low 2.50 11.45 420.532.50 11.66 428.52</u></div>
<div><u>CK High 2.60 11.55 424.212.60 11.76 432.20</u></div>
<div><u>CK Average 2.58 -0.2511.53 423.532.56 -0.3211.72 430.79</u></div>
<div><u>Essex Cty 2.50 11.45 420.532.45 11.61 426.69</u></div>
<div><u>Mdsx Low 2.59 11.54 423.842.57 11.73 431.10</u></div>
<div><u>Mdsx High 2.60 11.55 424.212.70 11.86 435.87</u></div>
<div><u>Mdsx Average 2.60 -0.2411.54 424.022.64 -0.2711.80 433.48</u></div>
<div><u>Hensall 2.60 11.55 424.212.70 11.86 435.87</u></div>
<div><u>Bruce 2.60 11.55 424.212.70 11.86 435.87</u></div>
<div><u>Putnam 2.45 11.40 418.692.40 11.56 424.85</u></div>
<div><u>Burford 2.66 11.61 426.412.64 11.80 433.67</u></div>
<div><u>Port Perry 2.56 11.51 422.742.54 11.70 429.99</u></div>
<div><u>Norfolk 2.60 11.55 424.212.70 11.86 435.87</u></div>
<div><u>Palmerston 2.55 11.50 422.372.55 11.71 430.36</u></div>
<div><u>Varna 2.55 11.50 422.372.70 11.86 435.87</u></div>
<div><u>Trenton 2.55 11.50 422.372.60 11.76 432.20</u></div>
<div><u>Winchester 2.35 11.30 415.022.40 11.56 424.85</u></div>
<div><u>North Gower 2.30 11.25 413.182.35 11.51 423.01</u></div>
<div><u>Huron FOB 2.70 11.65 427.882.80 11.96 439.55</u></div>
<div><u>Kent FOB 2.65 11.60 426.042.60 11.76 432.20</u></div>
<div><u>Lambton FOB 2.65 11.60 426.042.60 11.76 432.20</u></div>
<div><u>Middlesex FOB2.76 2.83 2.77 N/A 11.71 430.092.74 11.90 437.34</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.00 11.95 438.902.74 11.90 437.34</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 3.00 12.16 446.90</u></div>
<div><u>Prescott 2.34 11.29 414.652.93 12.09 444.32</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 8.75 321.36-0.40 8.76 322.04</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3263 down 0.0018</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL18 HI 4.97 1/2 JUL18 HI 4.97 1/2</u></div>
<div><u> LOW 4.87 LOW 4.87</u></div>
<div><u> CLOSE 4.91 1/4 Down 4 CLOSE 4.91 1/4 Down 4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>JUL18 HI 5.55 SEP18 HI 5.67 3/4</u></div>
<div><u> LOW 5.47 3/4 LOW 5.60</u></div>
<div><u> CLOSE 5.49 Down 3 3/4 CLOSE 5.61 Down 3 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 1.50 1.43 1.23 0.33</u></div>
<div><u>CAD $/bu 6.41 6.34 6.14 5.82</u></div>
<div><u>CAD $/tonne 235.50 233.06 225.75 213.93</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 1.10 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 1.16 1.49 1.16 N/A 1.29 1.29 1.16 N/A</u></div>
<div><u>Hensall 1.15 N/A 1.10 N/A 1.20 N/A 1.15 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A</u></div>
<div><u>Bruce 1.15 1.15 1.10 N/A 1.20 1.30 1.15 0.55</u></div>
<div><u>Essex N/A N/A 0.95 N/A N/A N/A 1.11 N/A</u></div>
<div><u>Norwich 1.15 N/A 1.10 N/A 1.20 N/A 1.15 N/A</u></div>
<div><u>Port Hope N/A N/A 1.10 N/A N/A 1.15 1.15 N/A</u></div>
<div><u>Kent Bridge 1.15 N/A 1.10 N/A 1.20 N/A 1.15 N/A</u></div>
<div><u>Chatham N/A N/A 1.05 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.05 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Palmerston N/A 1.00 1.00 0.35 N/A 1.10 1.05 0.55</u></div>
<div><u>Varna 1.35 1.25 1.05 N/A 1.30 1.30 1.10 N/A</u></div>
<div><u>Mitchell 1.15 1.15 1.10 N/A 1.20 1.30 1.15 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.71 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.26 1.06 0.15 N/A 1.54 1.40 0.29</u></div>
<div><u>W O Feed 1.58</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.87 N/A N/A N/A 1.87 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.01US 6.65CA 5.01US 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 1.47 1.54 1.44 0.37</u></div>
<div><u>CAD $/bu 6.38 6.45 6.36 5.98</u></div>
<div><u>CAD $/tonne 234.52 236.96 233.55 219.78</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 519.31</u></div>
<div><u>DDG's FOB Srn & Aylm 250.00</u></div>
<div><u><br>
</u></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="" id="LPlnk970293" class="OWAAutoLink" previewremoved="true"><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="" id="LPlnk149476" class="OWAAutoLink" previewremoved="true"><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;
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