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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 11</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3173 up 0.0068</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.47 1/2 DEC18 HI 3.60 1/2</u></div>
<div><u> LOW 3.39 3/4 LOW 3.52 3/4</u></div>
<div><u> CLOSE3.40 Down 7 3/4 CLOSE 3.53 1/4 Down 7 1/2</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 0.95 4.35 171.25 0.85 4.38 172.53</u></div>
<div><u>CK High 1.00 4.40 173.22 0.85 4.38 172.53</u></div>
<div><u>CK Avg 0.98 -0.07 4.38 172.56 0.85 -0.18 4.38 172.53</u></div>
<div><u>Essex Cty 1.00 4.40 173.22 0.85 4.38 172.53</u></div>
<div><u>Mdsx Low 0.95 4.35 171.25 0.85 4.38 172.53</u></div>
<div><u>Mdsx High 1.00 4.40 173.22 0.85 4.38 172.53</u></div>
<div><u>Mdsx Avg 0.98 -0.08 4.38 172.24 0.85 -0.18 4.38 172.53</u></div>
<div><u>Hensall 0.98 4.38 172.24 0.85 4.38 172.53</u></div>
<div><u>Bruce 0.95 4.35 171.25 0.80 4.33 170.56</u></div>
<div><u>Putnam 0.95 4.35 171.25 0.80 4.33 170.56</u></div>
<div><u>Burford 1.00 4.40 173.22 0.85 4.38 172.53</u></div>
<div><u>Port Perry 1.00 4.40 173.22 0.85 4.38 172.53</u></div>
<div><u>Norfolk 1.00 4.40 173.22 0.85 4.38 172.53</u></div>
<div><u>Palmerston 1.00 4.40 173.22 0.85 4.38 172.53</u></div>
<div><u>Varna 1.00 4.40 173.22 0.85 4.38 172.53</u></div>
<div><u>Trenton 1.00 4.40 173.22 0.90 4.43 174.50</u></div>
<div><u>Winchester 1.15 4.55 179.13 1.15 4.68 184.34</u></div>
<div><u>North Gower 1.05 4.45 175.19 1.10 4.63 182.37</u></div>
<div><u>Huron FOB 1.20 4.60 181.09 0.90 4.43 174.50</u></div>
<div><u>Kent FOB 1.15 4.55 179.13 0.88 4.41 173.71</u></div>
<div><u>Lamb FOB 1.15 4.55 179.13 0.85 4.38 172.53</u></div>
<div><u>Mdsx FOB 1.00 1.00N/A N/A 4.40 173.22 0.90 4.43 174.50</u></div>
<div><u>FOB SW Que 1.78 5.18 203.93N/A</u></div>
<div><u>Track 1.38 4.78 187.98N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.01 0.97 4.50 177.26</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.20 1.07 4.60 181.19</u></div>
<div><u>Aylmer-Eth N/A 1.35 1.35 1.40 1.05 4.58 180.41</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.25N/A 4.65 183.06N/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 1.55 1.15 4.68 184.34</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 4.88 192.22</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.48 1.25 4.78 188.28</u></div>
<div><u>W O Feed 1.52 4.92 193.77</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.50 4.90 192.90</u></div>
<div><u>Toledo El. -0.07 3.33 131.26 -0.26 3.27 128.76</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.85 4.38 1/4</u></div>
<div><u>HI SD CRN 0.85 4.38 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 1.3173 up 0.0068</u></div>
<div><u>Chicago soybeans closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.50 1/2 NOV18 HI 8.66 3/4</u></div>
<div><u> LOW 8.31 3/4 LOW 8.47 1/4</u></div>
<div><u> CLOSE8.33 Down 22 3/4 CLOSE 8.48 1/4 Down 23 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 2.40 10.73 394.262.35 10.83 398.03</u></div>
<div><u>CK High 2.50 10.83 397.932.40 10.88 399.86</u></div>
<div><u>CK Average 2.45 -0.1510.78 396.102.38 -0.1910.86 399.01</u></div>
<div><u>Essex Cty 2.60 10.93 401.612.30 10.78 396.19</u></div>
<div><u>Mdsx Low 2.40 10.73 394.262.36 10.84 398.39</u></div>
<div><u>Mdsx High 2.50 10.83 397.932.50 10.98 403.54</u></div>
<div><u>Mdsx Average 2.45 -0.1510.78 396.102.43 -0.1510.91 400.97</u></div>
<div><u>Hensall 2.50 10.83 397.932.50 10.98 403.54</u></div>
<div><u>Bruce 2.50 10.83 397.932.50 10.98 403.54</u></div>
<div><u>Putnam 2.40 10.73 394.262.40 10.88 399.86</u></div>
<div><u>Burford 2.47 10.80 396.832.43 10.91 400.97</u></div>
<div><u>Port Perry 2.37 10.70 393.162.33 10.81 397.29</u></div>
<div><u>Norfolk 2.50 10.83 397.932.50 10.98 403.54</u></div>
<div><u>Palmerston 2.40 10.73 394.262.40 10.88 399.86</u></div>
<div><u>Varna 2.50 10.83 397.932.50 10.98 403.54</u></div>
<div><u>Trenton 2.50 10.83 397.932.40 10.88 399.86</u></div>
<div><u>Winchester 2.26 10.59 389.122.36 10.84 398.39</u></div>
<div><u>North Gower 2.15 10.48 385.072.33 10.81 397.29</u></div>
<div><u>Huron FOB 2.60 10.93 401.612.60 11.08 407.21</u></div>
<div><u>Kent FOB 2.65 10.98 403.452.40 10.88 399.86</u></div>
<div><u>Lambton FOB 2.45 10.78 396.102.50 10.98 403.54</u></div>
<div><u>Middlesex FOB2.51 2.51 2.51 N/A 10.84 398.302.51 10.99 403.91</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.78 11.11 408.222.57 11.05 406.11</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 11.28 414.56</u></div>
<div><u>Prescott 2.04 10.37 381.032.75 11.23 412.72</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.05 8.28 304.14-0.39 8.09 297.25</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3173 up 0.0068</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>SEP18 HI 4.90 1/2 JUL19 HI 5.40 1/4</u></div>
<div><u> LOW 4.71 1/4 LOW 5.27</u></div>
<div><u> CLOSE 4.71 3/4 Down 20 1/4 CLOSE 5.27 3/4 Down 15 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>SEP18 HI 5.37 1/4 SEP19 HI 5.95 3/4</u></div>
<div><u> LOW 5.24 1/2 LOW 5.90 1/4</u></div>
<div><u> CLOSE 5.25 1/2 Down 12 CLOSE 5.91 1/4 Down 7 1/4</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 1.23 1.37 1.30 0.55</u></div>
<div><u>CAD $/bu 5.95 6.08 6.02 5.80</u></div>
<div><u>CAD $/tonne 218.67 223.51 221.09 213.22</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 1.06 1.19 0.99 N/A 1.27 1.20 0.94 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 0.97 N/A N/A N/A 0.94 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 1.00 1.00 N/A N/A 1.00 1.00 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 0.90 N/A</u></div>
<div><u>Brigden N/A N/A 0.95 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Palmerston N/A 1.10 1.00 0.55 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 0.65 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.25 1.25 0.30 N/A 1.29 1.29 0.20</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 1.69 N/A N/A N/A 1.76 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.79US 6.31CA 5.13US 6.71CA</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 1.24 1.30 1.30 0.45</u></div>
<div><u>CAD $/bu 6.52 6.58 6.58 6.37</u></div>
<div><u>CAD $/tonne 239.43 241.84 241.84 233.90</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 528.57</u></div>
<div><u>DDG's FOB Srn & Aylm 210.00 - 230.00</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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