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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 5</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3133 up 0.0017</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.57 3/4 DEC18 HI 3.70</u></div>
<div><u> LOW 3.50 1/4 LOW 3.62 1/2</u></div>
<div><u> CLOSE3.52 1/4 Up 1/4 CLOSE 3.64 1/2 Up 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 4.32 170.17 0.80 4.45 174.99</u></div>
<div><u>CK High 1.00 4.52 178.04 0.85 4.50 176.96</u></div>
<div><u>CK Avg 0.93 -0.13 4.46 175.42 0.81 -0.23 4.45 175.32</u></div>
<div><u>Essex Cty 0.95 4.47 176.07 0.80 4.45 174.99</u></div>
<div><u>Mdsx Low 0.95 4.47 176.07 0.80 4.45 174.99</u></div>
<div><u>Mdsx High 0.95 4.47 176.07 0.80 4.45 174.99</u></div>
<div><u>Mdsx Avg 0.95 -0.12 4.47 176.07 0.80 -0.24 4.45 174.99</u></div>
<div><u>Hensall 0.95 4.47 176.07 0.80 4.45 174.99</u></div>
<div><u>Bruce 0.95 4.47 176.07 0.80 4.45 174.99</u></div>
<div><u>Putnam 0.95 4.47 176.07 0.80 4.45 174.99</u></div>
<div><u>Burford 0.95 4.47 176.07 0.80 4.45 174.99</u></div>
<div><u>Port Perry 0.95 4.47 176.07 0.85 4.50 176.96</u></div>
<div><u>Norfolk 0.95 4.47 176.07 0.80 4.45 174.99</u></div>
<div><u>Palmerston 1.00 4.52 178.04 0.85 4.50 176.96</u></div>
<div><u>Varna 0.95 4.47 176.07 0.80 4.45 174.99</u></div>
<div><u>Trenton 0.95 4.47 176.07 0.90 4.55 178.93</u></div>
<div><u>Winchester 1.15 4.67 183.95 1.15 4.80 188.77</u></div>
<div><u>North Gower 1.05 4.57 180.01 1.10 4.75 186.80</u></div>
<div><u>Huron FOB 1.10 4.62 181.98 0.85 4.50 176.96</u></div>
<div><u>Kent FOB 1.15 4.67 183.95 0.85 4.50 176.96</u></div>
<div><u>Lamb FOB 1.15 4.67 183.95 0.85 4.50 176.96</u></div>
<div><u>Mdsx FOB 0.95 0.95N/A N/A 4.47 176.07 0.90 4.55 178.93</u></div>
<div><u>FOB SW Que 1.57 5.09 200.48N/A</u></div>
<div><u>Track 1.40 4.92 193.79N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.38 1.05 4.70 184.83</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.39 1.18 4.83 189.95</u></div>
<div><u>Aylmer-Eth N/A 1.35 1.35 1.40 1.05 4.70 184.83</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.25N/A 4.77 187.89N/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 4.80 188.77</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 5.00 196.64</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.50 1.25 4.90 192.71</u></div>
<div><u>W O Feed 1.52 5.04 198.44</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.52 5.04 198.51</u></div>
<div><u>Toledo El. -0.11 3.42 134.54 -0.26 3.38 133.23</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.82 1/2 4.47</u></div>
<div><u>HI SD CRN 0.85 4.49 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3133 up 0.0017</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.50 3/4 NOV18 HI 8.67</u></div>
<div><u> LOW 8.37 3/4 LOW 8.54 1/4</u></div>
<div><u> CLOSE8.39 1/4 Down 8 3/4 CLOSE 8.55 3/4 Down 8 1/2</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 2.30 10.69 392.882.30 10.86 398.94</u></div>
<div><u>CK High 2.55 10.94 402.072.60 11.16 409.97</u></div>
<div><u>CK Average 2.43 -0.1510.82 397.602.41 -0.1510.96 402.86</u></div>
<div><u>Essex Cty 2.40 10.79 396.562.30 10.86 398.94</u></div>
<div><u>Mdsx Low 2.40 10.79 396.562.39 10.95 402.25</u></div>
<div><u>Mdsx High 2.47 10.86 399.132.40 10.96 402.62</u></div>
<div><u>Mdsx Average 2.44 -0.1510.83 397.842.40 -0.1610.95 402.44</u></div>
<div><u>Hensall 2.40 10.79 396.562.40 10.96 402.62</u></div>
<div><u>Bruce 2.40 10.79 396.562.40 10.96 402.62</u></div>
<div><u>Putnam 2.50 10.89 400.232.55 11.11 408.13</u></div>
<div><u>Burford 2.54 10.93 401.702.46 11.02 404.82</u></div>
<div><u>Port Perry 2.44 10.83 398.032.36 10.92 401.15</u></div>
<div><u>Norfolk 2.45 10.84 398.392.45 11.01 404.46</u></div>
<div><u>Palmerston 2.55 10.94 402.072.65 11.21 411.81</u></div>
<div><u>Varna 2.40 10.79 396.562.40 10.96 402.62</u></div>
<div><u>Trenton 2.35 10.74 394.722.40 10.96 402.62</u></div>
<div><u>Winchester 2.27 10.66 391.782.39 10.95 402.25</u></div>
<div><u>North Gower 2.15 10.54 387.372.33 10.89 400.05</u></div>
<div><u>Huron FOB 2.50 10.89 400.232.50 11.06 406.29</u></div>
<div><u>Kent FOB 2.50 10.89 400.232.40 10.96 402.62</u></div>
<div><u>Lambton FOB 2.45 10.84 398.392.45 11.01 404.46</u></div>
<div><u>Middlesex FOB2.64 2.65 2.65 N/A 11.03 405.372.56 11.12 408.50</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.78 11.17 410.522.56 11.12 408.50</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.70 11.26 413.64</u></div>
<div><u>Prescott 2.07 10.46 384.432.65 11.21 411.81</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.05 8.34 306.44-0.39 8.17 300.06</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3133 up 0.0017</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>SEP18 HI 5.08 1/2 JUL19 HI 5.49 3/4</u></div>
<div><u> LOW 4.96 1/2 LOW 5.40 3/4</u></div>
<div><u> CLOSE 5.05 1/2 Up 14 1/2 CLOSE 5.46 1/4 Up 9 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher to higher.</u></div>
<div><u>SEP18 HI 5.55 1/4 SEP19 HI 6.08 1/2</u></div>
<div><u> LOW 5.38 3/4 LOW 6.03 3/4</u></div>
<div><u> CLOSE 5.47 1/2 Up 12 1/4 CLOSE 6.06 1/2 Up 7</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 1.32 1.45 1.39 0.47</u></div>
<div><u>CAD $/bu 6.38 6.51 6.44 5.94</u></div>
<div><u>CAD $/tonne 234.28 239.10 236.69 218.35</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 1.10 1.23 1.03 N/A 1.29 1.22 0.96 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 1.15 1.20 1.00 0.50</u></div>
<div><u>Essex N/A N/A 0.88 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 1.10 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 0.81 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.03 1.02 0.14 N/A 1.21 1.21 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 1.71 N/A N/A N/A 1.79 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.08US 6.66CA 5.31US 6.93CA</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 1.27 1.27 0.41</u></div>
<div><u>CAD $/bu 6.80 6.73 6.73 6.47</u></div>
<div><u>CAD $/tonne 249.76 247.36 247.36 237.90</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 524.05</u></div>
<div><u>DDG's FOB Srn & Aylm 240.00 - 245.00</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="LPlnk779866" 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>
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