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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 13</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3148 down 0.0009</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.46 1/2 DEC18 HI 3.60</u></div>
<div><u> LOW 3.39 LOW 3.52</u></div>
<div><u> CLOSE3.41 1/4 Down 4 1/2 CLOSE 3.54 3/4 Down 4 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 4.36 171.74 0.85 4.40 173.12</u></div>
<div><u>CK High 1.00 4.41 173.71 0.85 4.40 173.12</u></div>
<div><u>CK Avg 0.98 -0.07 4.40 173.06 0.85 -0.20 4.40 173.12</u></div>
<div><u>Essex Cty 1.00 4.41 173.71 0.85 4.40 173.12</u></div>
<div><u>Mdsx Low 0.95 4.36 171.74 0.85 4.40 173.12</u></div>
<div><u>Mdsx High 1.00 4.41 173.71 0.85 4.40 173.12</u></div>
<div><u>Mdsx Avg 0.98 -0.08 4.39 172.73 0.85 -0.20 4.40 173.12</u></div>
<div><u>Hensall 0.98 4.39 172.73 0.85 4.40 173.12</u></div>
<div><u>Bruce 0.95 4.36 171.74 0.85 4.40 173.12</u></div>
<div><u>Putnam 0.95 4.36 171.74 0.80 4.35 171.15</u></div>
<div><u>Burford 1.00 4.41 173.71 0.85 4.40 173.12</u></div>
<div><u>Port Perry 1.00 4.41 173.71 0.85 4.40 173.12</u></div>
<div><u>Norfolk 1.00 4.41 173.71 0.85 4.40 173.12</u></div>
<div><u>Palmerston 1.00 4.41 173.71 0.85 4.40 173.12</u></div>
<div><u>Varna 1.00 4.41 173.71 0.85 4.40 173.12</u></div>
<div><u>Trenton 1.00 4.41 173.71 0.90 4.45 175.09</u></div>
<div><u>Winchester 1.15 4.56 179.62 1.15 4.70 184.93</u></div>
<div><u>North Gower 1.10 4.51 177.65 1.15 4.70 184.93</u></div>
<div><u>Huron FOB 1.20 4.61 181.59 0.90 4.45 175.09</u></div>
<div><u>Kent FOB 1.20 4.61 181.59 0.88 4.43 174.30</u></div>
<div><u>Lamb FOB 1.15 4.56 179.62 0.85 4.40 173.12</u></div>
<div><u>Mdsx FOB 1.00 1.00N/A N/A 4.41 173.71 0.90 4.45 175.09</u></div>
<div><u>FOB SW Que 1.84 5.25 206.78N/A</u></div>
<div><u>Track 1.38 4.79 188.48N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.01 0.97 4.52 177.85</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.20 1.07 4.62 181.78</u></div>
<div><u>Aylmer-Eth N/A 1.35 1.35 1.40 1.05 4.60 181.00</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.25N/A 4.66 183.55N/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 4.70 184.93</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 4.90 192.81</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.48 1.25 4.80 188.87</u></div>
<div><u>W O Feed 1.53 4.94 194.66</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.55 4.96 195.36</u></div>
<div><u>Toledo El. -0.07 3.35 131.76 -0.26 3.29 129.33</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.85 4.39 3/4</u></div>
<div><u>HI SD CRN 0.85 4.39 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3148 down 0.0009</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.38 NOV18 HI 8.53 1/4</u></div>
<div><u> LOW 8.11 3/4 LOW 8.26 3/4</u></div>
<div><u> CLOSE8.18 3/4 Down 15 CLOSE 8.34 1/4 Down 15</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 10.59 389.022.35 10.69 392.88</u></div>
<div><u>CK High 2.60 10.79 396.372.40 10.74 394.72</u></div>
<div><u>CK Average 2.56 -0.0210.74 394.722.38 -0.1710.72 393.98</u></div>
<div><u>Essex Cty 2.70 10.89 400.052.30 10.64 391.04</u></div>
<div><u>Mdsx Low 2.53 10.72 393.802.38 10.72 393.98</u></div>
<div><u>Mdsx High 2.60 10.79 396.372.50 10.84 398.39</u></div>
<div><u>Mdsx Average 2.57 -0.0110.75 395.092.44 -0.1210.78 396.19</u></div>
<div><u>Hensall 2.60 10.79 396.372.50 10.84 398.39</u></div>
<div><u>Bruce 2.60 10.79 396.372.45 10.79 396.56</u></div>
<div><u>Putnam 2.60 10.79 396.372.45 10.79 396.56</u></div>
<div><u>Burford 2.59 10.78 396.012.44 10.78 396.19</u></div>
<div><u>Port Perry 2.50 10.69 392.702.35 10.69 392.88</u></div>
<div><u>Norfolk 2.60 10.79 396.372.50 10.84 398.39</u></div>
<div><u>Palmerston 2.40 10.59 389.022.40 10.74 394.72</u></div>
<div><u>Varna 2.60 10.79 396.372.50 10.84 398.39</u></div>
<div><u>Trenton 2.55 10.74 394.542.40 10.74 394.72</u></div>
<div><u>Winchester 2.26 10.45 383.882.36 10.70 393.25</u></div>
<div><u>North Gower 2.20 10.39 381.682.35 10.69 392.88</u></div>
<div><u>Huron FOB 2.75 10.94 401.882.60 10.94 402.07</u></div>
<div><u>Kent FOB 2.75 10.94 401.882.50 10.84 398.39</u></div>
<div><u>Lambton FOB 2.55 10.74 394.542.60 10.94 402.07</u></div>
<div><u>Middlesex FOB2.50 2.50 2.50 N/A 10.69 392.702.50 10.84 398.39</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.73 10.92 401.152.51 10.85 398.76</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.75 11.09 407.58</u></div>
<div><u>Prescott 2.04 10.23 375.802.75 11.09 407.58</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.05 8.13 298.91-0.39 7.95 292.07</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3148 down 0.0009</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>SEP18 HI 4.97 3/4 JUL19 HI 5.44 1/2</u></div>
<div><u> LOW 4.81 1/4 LOW 5.30</u></div>
<div><u> CLOSE 4.97 Up 12 1/2 CLOSE 5.42 3/4 Up 7 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>SEP18 HI 5.35 SEP19 HI 5.96</u></div>
<div><u> LOW 5.24 1/2 LOW 5.90 1/4</u></div>
<div><u> CLOSE 5.31 3/4 Up 1 1/4 CLOSE 5.93 1/4 Down 1 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 1.30 1.43 1.37 0.56</u></div>
<div><u>CAD $/bu 6.27 6.40 6.34 5.87</u></div>
<div><u>CAD $/tonne 230.45 235.28 232.86 215.83</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 1.09 1.22 1.02 N/A 1.29 1.23 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 0.97 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 1.00 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 1.00 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 1.00 N/A N/A N/A 0.95 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 1.10 1.20 1.00 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 0.87 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.40 1.33 0.57 N/A 1.42 1.42 0.47</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 1.76 N/A N/A N/A 1.82 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.04US 6.63CA 5.28US 6.92CA</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 1.30 1.36 1.36 0.47</u></div>
<div><u>CAD $/bu 6.73 6.79 6.79 6.41</u></div>
<div><u>CAD $/tonne 247.17 249.58 249.58 235.36</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 523.61</u></div>
<div><u>DDG's FOB Srn & Aylm 200.00 - 215.00</u></div>
<div><u><br>
</u></div>
<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="LPlnk978322" 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="LPlnk442344" 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>
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<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>
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