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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3128 down 0.0060</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.54 1/2 DEC18 HI 3.66 3/4</u></div>
<div><u> LOW 3.48 LOW 3.59 3/4</u></div>
<div><u> CLOSE3.52 Up 5 CLOSE 3.64 1/4 Up 5 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+DEC18+DEC18</u></div>
<div><u>CK Low 0.80 4.32 170.07 0.80 4.44 174.89</u></div>
<div><u>CK High 1.00 4.52 177.94 0.85 4.49 176.86</u></div>
<div><u>CK Avg 0.93 -0.13 4.45 175.32 0.81 -0.24 4.45 175.22</u></div>
<div><u>Essex Cty 0.95 4.47 175.98 0.80 4.44 174.89</u></div>
<div><u>Mdsx Low 0.95 4.47 175.98 0.80 4.44 174.89</u></div>
<div><u>Mdsx High 0.95 4.47 175.98 0.80 4.44 174.89</u></div>
<div><u>Mdsx Avg 0.95 -0.11 4.47 175.98 0.80 -0.25 4.44 174.89</u></div>
<div><u>Hensall 0.95 4.47 175.98 0.80 4.44 174.89</u></div>
<div><u>Bruce 0.95 4.47 175.98 0.80 4.44 174.89</u></div>
<div><u>Putnam 0.95 4.47 175.98 0.80 4.44 174.89</u></div>
<div><u>Burford 0.95 4.47 175.98 0.80 4.44 174.89</u></div>
<div><u>Port Perry 0.95 4.47 175.98 0.85 4.49 176.86</u></div>
<div><u>Norfolk 0.95 4.47 175.98 0.80 4.44 174.89</u></div>
<div><u>Palmerston 1.00 4.52 177.94 0.85 4.49 176.86</u></div>
<div><u>Varna 0.95 4.47 175.98 0.80 4.44 174.89</u></div>
<div><u>Trenton 0.95 4.47 175.98 0.90 4.54 178.83</u></div>
<div><u>Winchester 0.95 4.47 175.98 1.05 4.69 184.74</u></div>
<div><u>North Gower 1.05 4.57 179.91 1.10 4.74 186.70</u></div>
<div><u>Huron FOB 1.10 4.62 181.88 0.85 4.49 176.86</u></div>
<div><u>Kent FOB 1.15 4.67 183.85 0.85 4.49 176.86</u></div>
<div><u>Lamb FOB 1.15 4.67 183.85 0.85 4.49 176.86</u></div>
<div><u>Mdsx FOB 0.95 0.95N/A N/A 4.47 175.98 0.90 4.54 178.83</u></div>
<div><u>FOB SW Que 1.76 5.28 207.86N/A</u></div>
<div><u>Track 1.33 4.85 190.74N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.38 1.05 4.69 184.74</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.39 1.18 4.82 189.85</u></div>
<div><u>Aylmer-Eth N/A 1.35 1.35 1.40 1.05 4.69 184.74</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.25N/A 4.77 187.79N/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 N/A 1.50 1.15 4.79 188.67</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 1.50 1.25 4.89 192.61</u></div>
<div><u>W O Feed 1.49 5.01 197.16</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.52 5.04 198.42</u></div>
<div><u>Toledo El. -0.11 3.41 134.44 -0.26 3.38 133.10</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.82 1/2 4.46 3/4</u></div>
<div><u>HI SD CRN 0.85 4.49 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 1.3128 down 0.0060</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.57 1/2 NOV18 HI 8.73 1/2</u></div>
<div><u> LOW 8.46 3/4 LOW 8.63</u></div>
<div><u> CLOSE8.48 Down 5 1/2 CLOSE 8.64 1/4 Down 5 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 +AUG1+AUG1+NOV18</u></div>
<div><u>CK Low 2.31 10.79 396.462.36 11.00 404.27</u></div>
<div><u>CK High 2.55 11.03 405.282.60 11.24 413.09</u></div>
<div><u>CK Average 2.45 -0.1510.93 401.672.45 -0.1611.09 407.64</u></div>
<div><u>Essex Cty 2.40 10.88 399.772.30 10.94 402.07</u></div>
<div><u>Mdsx Low 2.31 10.79 396.462.36 11.00 404.27</u></div>
<div><u>Mdsx High 2.45 10.93 401.612.45 11.09 407.58</u></div>
<div><u>Mdsx Average 2.38 -0.2110.86 399.042.41 -0.1911.05 405.93</u></div>
<div><u>Hensall 2.45 10.93 401.612.45 11.09 407.58</u></div>
<div><u>Bruce 2.45 10.93 401.612.45 11.09 407.58</u></div>
<div><u>Putnam 2.50 10.98 403.452.55 11.19 411.25</u></div>
<div><u>Burford 2.38 10.86 399.042.43 11.07 406.84</u></div>
<div><u>Port Perry 2.28 10.76 395.362.33 10.97 403.17</u></div>
<div><u>Norfolk 2.45 10.93 401.612.50 11.14 409.42</u></div>
<div><u>Palmerston 2.55 11.03 405.282.65 11.29 414.93</u></div>
<div><u>Varna 2.45 10.93 401.612.45 11.09 407.58</u></div>
<div><u>Trenton 2.50 10.98 403.452.50 11.14 409.42</u></div>
<div><u>Winchester 2.46 10.94 401.982.48 11.12 408.68</u></div>
<div><u>North Gower 2.15 10.63 390.592.35 10.99 403.91</u></div>
<div><u>Huron FOB 2.55 11.03 405.282.55 11.19 411.25</u></div>
<div><u>Kent FOB 2.50 10.98 403.452.45 11.09 407.58</u></div>
<div><u>Lambton FOB 2.50 10.98 403.452.50 11.14 409.42</u></div>
<div><u>Middlesex FOB2.48 2.49 2.49 N/A 10.96 402.712.46 11.10 407.95</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.81 11.29 414.842.59 11.23 412.72</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.75 11.39 418.60</u></div>
<div><u>Prescott 2.06 10.54 387.282.65 11.29 414.93</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.05 8.43 309.66-0.39 8.25 303.14</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3128 down 0.0060</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>SEP18 HI 4.93 JUL19 HI 5.41</u></div>
<div><u> LOW 4.81 LOW 5.30</u></div>
<div><u> CLOSE 4.91 Up 10 3/4 CLOSE 5.37 Up 7 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>SEP18 HI 5.38 3/4 SEP19 HI 5.99 1/2</u></div>
<div><u> LOW 5.27 3/4 LOW 5.98</u></div>
<div><u> CLOSE 5.35 1/4 Up 8 1/4 CLOSE 5.99 1/2 Up 8 1/2</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.21 1.14 1.21 0.23</u></div>
<div><u>CAD $/bu 6.12 6.05 6.12 5.58</u></div>
<div><u>CAD $/tonne 224.78 222.37 224.78 205.12</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2018 Harvest 2019</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 1.00 N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.08 1.21 0.95 N/A 1.28 1.21 0.91 N/A</u></div>
<div><u>Hensall 1.10 N/A 1.00 N/A 1.20 N/A 1.00 N/A</u></div>
<div><u>Trenton N/A N/A 1.00 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Bruce 1.10 1.20 1.00 0.55 1.20 1.20 1.00 0.50</u></div>
<div><u>Essex N/A N/A 0.86 N/A N/A N/A 0.93 N/A</u></div>
<div><u>Norwich 1.10 N/A 1.00 N/A 1.20 N/A 1.00 N/A</u></div>
<div><u>Port Hope N/A 1.05 1.05 N/A N/A 1.05 1.05 N/A</u></div>
<div><u>Kent Bridge 1.10 N/A 1.00 N/A 1.20 N/A 1.00 N/A</u></div>
<div><u>Chatham N/A N/A 0.95 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 0.95 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Palmerston N/A 1.10 1.05 0.55 N/A 0.65 0.95 N/A</u></div>
<div><u>Varna 1.20 1.20 1.00 N/A 1.00 1.10 0.90 N/A</u></div>
<div><u>Mitchell 1.10 1.20 1.00 N/A 1.20 1.20 1.00 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.77 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.02 1.03 0.14 N/A 1.22 1.22 0.13</u></div>
<div><u>W O Feed 1.54</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 1.67 N/A N/A N/A 1.78 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.91US 6.45CA 5.22US 6.83CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.33 1.26 1.26 0.41</u></div>
<div><u>CAD $/bu 6.70 6.63 6.63 6.40</u></div>
<div><u>CAD $/tonne 246.02 243.61 243.61 235.20</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 519.53</u></div>
<div><u>DDG's FOB Srn & Aylm 240.00 - 245.00</u></div>
<div><u><br>
</u></div>
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<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>
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