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<div>Please note: For wheat, using September future.</div>
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<div>F<u>ARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, June 25</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3278 up 0.0015</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL18 HI 3.59 1/2 DEC18 HI 3.80 1/4</u></div>
<div><u> LOW 3.49 1/4 LOW 3.70 1/4</u></div>
<div><u> CLOSE3.50 1/2 Down 6 3/4 CLOSE 3.71 1/2 Down 6 1/2</u></div>
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</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 4.36 171.45 0.80 4.52 177.75</u></div>
<div><u>CK High 1.00 4.51 177.35 0.90 4.62 181.68</u></div>
<div><u>CK Avg 0.94 -0.16 4.45 175.06 0.83 -0.30 4.54 178.73</u></div>
<div><u>Essex Cty 0.95 4.46 175.39 0.80 4.52 177.75</u></div>
<div><u>Mdsx Low 0.95 4.46 175.39 0.80 4.52 177.75</u></div>
<div><u>Mdsx High 0.95 4.46 175.39 0.80 4.52 177.75</u></div>
<div><u>Mdsx Avg 0.95 -0.15 4.46 175.39 0.80 -0.31 4.52 177.75</u></div>
<div><u>Hensall 0.95 4.46 175.39 0.80 4.52 177.75</u></div>
<div><u>Bruce 0.95 4.46 175.39 0.80 4.52 177.75</u></div>
<div><u>Putnam 0.90 4.41 173.42 0.75 4.47 175.78</u></div>
<div><u>Burford 0.95 4.46 175.39 0.80 4.52 177.75</u></div>
<div><u>Port Perry 0.95 4.46 175.39 0.85 4.57 179.72</u></div>
<div><u>Norfolk 0.95 4.46 175.39 0.80 4.52 177.75</u></div>
<div><u>Palmerston 1.00 4.51 177.35 0.85 4.57 179.72</u></div>
<div><u>Varna 0.95 4.46 175.39 0.80 4.52 177.75</u></div>
<div><u>Trenton 0.90 4.41 173.42 0.90 4.62 181.68</u></div>
<div><u>Winchester 1.11 4.62 181.68 1.18 4.90 192.71</u></div>
<div><u>North Gower 1.05 4.56 179.32 1.09 4.81 189.16</u></div>
<div><u>Huron FOB 1.10 4.61 181.29 0.85 4.57 179.72</u></div>
<div><u>Kent FOB 1.10 4.61 181.29 0.85 4.57 179.72</u></div>
<div><u>Lamb FOB 1.10 4.61 181.29 0.85 4.57 179.72</u></div>
<div><u>Mdsx FOB 0.95 0.95N/A N/A 4.46 175.39 0.85 4.57 179.72</u></div>
<div><u>FOB SW Que 1.75 5.26 206.88N/A</u></div>
<div><u>Track 1.30 4.81 189.16N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.04 4.76 187.20</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.11 4.83 189.95</u></div>
<div><u>Aylmer-Eth N/A N/A 1.35 1.35 1.05 4.77 187.59</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25N/A 4.66 183.26N/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 4.82 189.56</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 4.92 193.49</u></div>
<div><u>W O Feed 1.52 5.03 197.90</u></div>
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</u></div>
<div><u>US Rep 1.68 5.19 204.12</u></div>
<div><u>Toledo El. 0.00 3.51 137.99 -0.27 3.45 135.80</u></div>
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</u></div>
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</u></div>
<div><u>MID SD CRN 0.85 4.56 1/2</u></div>
<div><u>HI SD CRN 0.90 4.61 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
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</u></div>
<div><u>Exchange rate was 1.3278 up 0.0015</u></div>
<div><u>Chicago soybeans closed moderately lower.</u></div>
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</u></div>
<div><u> JUL18 HI 8.99 NOV18 HI 9.20 1/2</u></div>
<div><u> LOW 8.71 3/4 LOW 8.92 1/2</u></div>
<div><u> CLOSE8.74 1/2 Down 20 CLOSE 8.95 1/2 Down 20 3/4</u></div>
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</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 11.25 413.182.50 11.46 420.90</u></div>
<div><u>CK High 2.60 11.35 416.862.60 11.56 424.57</u></div>
<div><u>CK Average 2.57 -0.2211.32 415.882.56 -0.2911.51 422.92</u></div>
<div><u>Essex Cty 2.50 11.25 413.182.45 11.41 419.06</u></div>
<div><u>Mdsx Low 2.54 11.29 414.652.53 11.49 422.00</u></div>
<div><u>Mdsx High 2.60 11.35 416.862.70 11.66 428.25</u></div>
<div><u>Mdsx Average 2.57 -0.2211.32 415.762.62 -0.2411.57 425.12</u></div>
<div><u>Hensall 2.60 11.35 416.862.70 11.66 428.25</u></div>
<div><u>Bruce 2.60 11.35 416.862.70 11.66 428.25</u></div>
<div><u>Putnam 2.45 11.20 411.352.40 11.36 417.22</u></div>
<div><u>Burford 2.61 11.36 417.222.60 11.56 424.57</u></div>
<div><u>Port Perry 2.51 11.26 413.552.50 11.46 420.90</u></div>
<div><u>Norfolk 2.60 11.35 416.862.70 11.66 428.25</u></div>
<div><u>Palmerston 2.55 11.30 415.022.55 11.51 422.74</u></div>
<div><u>Varna 2.60 11.35 416.862.70 11.66 428.25</u></div>
<div><u>Trenton 2.55 11.30 415.022.60 11.56 424.57</u></div>
<div><u>Winchester 2.35 11.10 407.672.40 11.36 417.22</u></div>
<div><u>North Gower 2.25 11.00 404.002.30 11.26 413.55</u></div>
<div><u>Huron FOB 2.70 11.45 420.532.80 11.76 431.92</u></div>
<div><u>Kent FOB 2.65 11.40 418.692.60 11.56 424.57</u></div>
<div><u>Lambton FOB 2.65 11.40 418.692.60 11.56 424.57</u></div>
<div><u>Middlesex FOB2.71 2.78 2.73 N/A 11.46 420.902.70 11.66 428.25</u></div>
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</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.02 11.77 432.292.69 11.65 427.88</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 3.00 11.96 439.27</u></div>
<div><u>Prescott 2.34 11.09 407.302.93 11.89 436.70</u></div>
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</u></div>
<div><u>Toledo El. -0.20 8.55 314.01-0.40 8.56 314.40</u></div>
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</u></div>
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</u></div>
<div><u>Exchange rate was 1.3278 up 0.0015</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>SEP18 HI 5.03 3/4 SEP18 HI 5.03 3/4</u></div>
<div><u> LOW 4.87 LOW 4.87</u></div>
<div><u> CLOSE 4.90 1/2 Down 13 3/4 CLOSE 4.90 1/2 Down 13 3/4</u></div>
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</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>SEP18 HI 5.62 1/2 SEP18 HI 5.62 1/2</u></div>
<div><u> LOW 5.51 LOW 5.51</u></div>
<div><u> CLOSE 5.51 1/4 Down 9 3/4 CLOSE 5.51 1/4 Down 9 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 1.28 1.34 1.28 0.35</u></div>
<div><u>CAD $/bu 6.18 6.25 6.18 5.86</u></div>
<div><u>CAD $/tonne 227.10 229.54 227.10 215.27</u></div>
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</u></div>
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<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 0.96 N/A N/A N/A 1.01 N/A</u></div>
<div><u>London 0.96 1.29 0.96 N/A 1.09 1.09 0.96 N/A</u></div>
<div><u>Hensall 1.01 N/A 0.96 N/A 1.06 N/A 1.01 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.01 N/A</u></div>
<div><u>Bruce 1.01 1.01 0.96 N/A 1.06 1.16 1.01 0.55</u></div>
<div><u>Essex N/A N/A 0.75 N/A N/A N/A 0.92 N/A</u></div>
<div><u>Norwich 1.01 N/A 0.96 N/A 1.06 N/A 1.01 N/A</u></div>
<div><u>Port Hope N/A N/A 0.96 N/A N/A 1.01 1.01 N/A</u></div>
<div><u>Kent Bridge 1.01 N/A 0.96 N/A 1.06 N/A 1.01 N/A</u></div>
<div><u>Chatham N/A N/A 0.91 N/A N/A N/A 0.96 N/A</u></div>
<div><u>Brigden N/A N/A 0.91 N/A N/A N/A 0.96 N/A</u></div>
<div><u>Palmerston N/A 0.86 0.86 0.23 N/A 0.96 0.91 0.55</u></div>
<div><u>Varna 1.21 1.11 0.91 N/A 1.16 1.16 0.96 N/A</u></div>
<div><u>Mitchell 1.01 1.01 0.96 N/A 1.06 1.16 1.01 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.49 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.04 0.96 0.05 N/A 1.23 1.11 0.27</u></div>
<div><u>W O Feed 1.44</u></div>
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</u></div>
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</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.69 N/A N/A N/A 1.69 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.91US 6.51CA 4.91US 6.51CA</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 1.28 1.34 1.28 0.35</u></div>
<div><u>CAD $/bu 6.18 6.25 6.18 5.86</u></div>
<div><u>CAD $/tonne 227.10 229.54 227.10 215.27</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 512.47</u></div>
<div><u>DDG's FOB Srn & Aylm 240.00 - 250.00</u></div>
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<span id="ms-rterangepaste-start"></span>
<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" id="LPlnk881656" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
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>
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