<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" style="font-size: 10pt; color: rgb(0, 0, 0); font-family: "Courier New", monospace, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" style="font-size: 10pt; color: rgb(0, 0, 0); font-family: "Courier New", monospace, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"><u></u></p>
<div>Note: Markets were closed in the U.S. for the July 4th holiday. A report is being sent today due to a few basis changes in the soybean and wheat reports.</div>
<div><br>
</div>
<div><u><br>
</u></div>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 4</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3116 down 0.0012</u></div>
<div><u>Markets in the U.S. were closed for the July 4th holiday.</u></div>
<div><u>On July 3, 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 -0.12 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 -0.24 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. -0.10 3.42 134.45 -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 1.3116 down 0.0012</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 2.28 10.76 395.362.32 10.96 402.80</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 -0.1510.93 401.492.45 -0.1611.09 407.40</u></div>
<div><u>Essex Cty 2.40 10.88 399.772.30 10.94 402.07</u></div>
<div><u>Mdsx Low 2.28 10.76 395.362.32 10.96 402.80</u></div>
<div><u>Mdsx High 2.45 10.93 401.612.45 11.09 407.58</u></div>
<div><u>Mdsx Average 2.37 -0.2110.85 398.492.39 -0.2111.03 405.19</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 2.35 10.83 397.932.39 11.03 405.37</u></div>
<div><u>Port Perry 2.25 10.73 394.262.29 10.93 401.70</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 FOB2.45 2.47 2.47 N/A 10.93 401.612.42 11.06 406.48</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.81 11.29 414.842.58 11.22 412.36</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 2.07 10.55 387.652.65 11.29 414.93</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.05 8.43 309.66-0.39 8.25 303.15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3116 down 0.0012</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 1.20 1.14 1.20 0.22</u></div>
<div><u>CAD $/bu 6.11 6.05 6.11 5.58</u></div>
<div><u>CAD $/tonne 224.57 222.16 224.57 204.93</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 1.07 1.20 0.94 N/A 1.27 1.20 0.90 N/A</u></div>
<div><u>Hensall 1.10 N/A 1.00 N/A 1.15 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 1.15 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 1.15 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 N/A 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 1.15 1.20 1.00 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.76 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 1.66 N/A N/A N/A 1.78 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.93US 6.47CA 5.22US 6.82CA</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 1.32 1.26 1.26 0.40</u></div>
<div><u>CAD $/bu 6.69 6.63 6.63 6.40</u></div>
<div><u>CAD $/tonne 245.97 243.56 243.56 235.16</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>
<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="LPlnk511246" 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="LPlnk457705" 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;
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%;
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);"> to
unsubscribe from this report.</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<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>
<u></u><br>
<p></p>
<p style="margin-top:0;margin-bottom:0"><u><br>
</u></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size: 12pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: Calibri, Arial, Helvetica, sans-serif, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<p></p>
<div><u><span style="color:rgb(51,51,51); font-family:"Courier New",monospace; font-size:10pt; background-color:rgb(253,253,253)"> </span><br>
</u></div>
<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<u><br>
</u>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
<p></p>
</div>
<p></p>
</div>
</body>
</html>