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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3125 down 0.0023</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.45 3/4 DEC18 HI 3.59 1/4</u></div>
<div><u> LOW 3.38 3/4 LOW 3.52 1/4</u></div>
<div><u> CLOSE3.41 3/4 Up 1/2 CLOSE 3.55 1/4 Up 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 4.37 171.94 0.85 4.40 173.32</u></div>
<div><u>CK High 1.00 4.42 173.91 0.90 4.45 175.29</u></div>
<div><u>CK Avg 0.98 -0.06 4.40 173.25 0.86 -0.19 4.41 173.65</u></div>
<div><u>Essex Cty 1.00 4.42 173.91 0.85 4.40 173.32</u></div>
<div><u>Mdsx Low 0.95 4.37 171.94 0.85 4.40 173.32</u></div>
<div><u>Mdsx High 1.00 4.42 173.91 0.85 4.40 173.32</u></div>
<div><u>Mdsx Avg 0.98 -0.07 4.39 172.93 0.85 -0.19 4.40 173.32</u></div>
<div><u>Hensall 0.98 4.39 172.93 0.85 4.40 173.32</u></div>
<div><u>Bruce 0.95 4.37 171.94 0.85 4.40 173.32</u></div>
<div><u>Putnam 1.00 4.42 173.91 0.85 4.40 173.32</u></div>
<div><u>Burford 1.00 4.42 173.91 0.85 4.40 173.32</u></div>
<div><u>Port Perry 1.00 4.42 173.91 0.85 4.40 173.32</u></div>
<div><u>Norfolk 1.00 4.42 173.91 0.85 4.40 173.32</u></div>
<div><u>Palmerston 1.00 4.42 173.91 0.90 4.45 175.29</u></div>
<div><u>Varna 1.00 4.42 173.91 0.85 4.40 173.32</u></div>
<div><u>Trenton 1.05 4.47 175.88 0.90 4.45 175.29</u></div>
<div><u>Winchester 1.15 4.57 179.81 1.15 4.70 185.13</u></div>
<div><u>North Gower 1.10 4.52 177.85 1.15 4.70 185.13</u></div>
<div><u>Huron FOB 1.12 4.54 178.63 0.95 4.50 177.26</u></div>
<div><u>Kent FOB 1.20 4.62 181.78 0.88 4.43 174.50</u></div>
<div><u>Lamb FOB 1.15 4.57 179.81 0.85 4.40 173.32</u></div>
<div><u>Mdsx FOB 1.00 1.00N/A N/A 4.42 173.91 0.90 4.45 175.29</u></div>
<div><u>FOB SW Que 1.83 5.25 206.58N/A</u></div>
<div><u>Track 1.38 4.79 188.67N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.01 0.97 4.52 178.04</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.20 1.07 4.62 181.98</u></div>
<div><u>Aylmer-Eth N/A 1.35 1.35 1.40 1.05 4.60 181.19</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.25N/A 4.67 183.75N/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 4.70 185.13</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 4.90 193.00</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.48 1.25 4.80 189.07</u></div>
<div><u>W O Feed 1.54 4.96 195.09</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.55 4.97 195.56</u></div>
<div><u>Toledo El. -0.07 3.35 131.96 -0.26 3.29 129.53</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.42 3/4</u></div>
<div><u>HI SD CRN 0.90 4.45 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 1.3125 down 0.0023</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.38 NOV18 HI 8.54 1/2</u></div>
<div><u> LOW 8.10 1/2 LOW 8.26 1/4</u></div>
<div><u> CLOSE8.29 1/2 Up 10 3/4 CLOSE 8.45 3/4 Up 11 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 2.40 10.70 392.972.35 10.81 397.11</u></div>
<div><u>CK High 2.60 10.90 400.322.50 10.96 402.62</u></div>
<div><u>CK Average 2.56 -0.0310.85 398.792.45 -0.1410.91 400.78</u></div>
<div><u>Essex Cty 2.60 10.90 400.322.50 10.96 402.62</u></div>
<div><u>Mdsx Low 2.55 10.85 398.492.45 10.91 400.78</u></div>
<div><u>Mdsx High 2.60 10.90 400.322.50 10.96 402.62</u></div>
<div><u>Mdsx Average 2.58 -0.0110.87 399.402.48 -0.1210.93 401.70</u></div>
<div><u>Hensall 2.60 10.90 400.322.50 10.96 402.62</u></div>
<div><u>Bruce 2.60 10.90 400.322.50 10.96 402.62</u></div>
<div><u>Putnam 2.60 10.90 400.322.50 10.96 402.62</u></div>
<div><u>Burford 2.61 10.91 400.692.51 10.97 402.99</u></div>
<div><u>Port Perry 2.52 10.82 397.382.42 10.88 399.68</u></div>
<div><u>Norfolk 2.60 10.90 400.322.50 10.96 402.62</u></div>
<div><u>Palmerston 2.40 10.70 392.972.40 10.86 398.94</u></div>
<div><u>Varna 2.60 10.90 400.322.50 10.96 402.62</u></div>
<div><u>Trenton 2.55 10.85 398.492.45 10.91 400.78</u></div>
<div><u>Winchester 2.26 10.56 387.832.36 10.82 397.48</u></div>
<div><u>North Gower 2.20 10.50 385.632.35 10.81 397.11</u></div>
<div><u>Huron FOB 2.70 11.00 404.002.60 11.06 406.29</u></div>
<div><u>Kent FOB 2.70 11.00 404.002.50 10.96 402.62</u></div>
<div><u>Lambton FOB 2.55 10.85 398.492.60 11.06 406.29</u></div>
<div><u>Middlesex FOB2.46 2.46 2.46 N/A 10.76 395.182.49 10.95 402.25</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.66 10.96 402.532.53 10.99 403.72</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 11.26 413.64</u></div>
<div><u>Prescott 2.04 10.34 379.752.67 11.13 408.87</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.05 8.24 302.86-0.39 8.06 296.31</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3125 down 0.0023</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>SEP18 HI 4.98 1/2 JUL19 HI 5.43</u></div>
<div><u> LOW 4.86 3/4 LOW 5.33 1/2</u></div>
<div><u> CLOSE 4.88 1/2 Down 8 1/2 CLOSE 5.35 1/4 Down 7 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>SEP18 HI 5.31 1/4 SEP19 HI 5.94</u></div>
<div><u> LOW 5.26 1/2 LOW 5.90 1/4</u></div>
<div><u> CLOSE 5.28 1/4 Down 3 1/2 CLOSE 5.92 1/2 Down 3/4</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 1.26 1.40 1.33 0.54</u></div>
<div><u>CAD $/bu 6.15 6.28 6.21 5.82</u></div>
<div><u>CAD $/tonne 225.94 230.76 228.35 213.76</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 1.01 N/A N/A N/A 0.95 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 0.82 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.30 1.25 0.57 N/A 1.34 1.29 0.47</u></div>
<div><u>W O Feed 1.53</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 1.79 N/A N/A N/A 1.80 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.96US 6.50CA 5.20US 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 1.27 1.34 1.34 0.47</u></div>
<div><u>CAD $/bu 6.62 6.69 6.69 6.39</u></div>
<div><u>CAD $/tonne 243.42 245.83 245.83 234.87</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 527.02</u></div>
<div><u>DDG's FOB Srn & Aylm 200.00 - 215.00</u></div>
<div><u><br>
</u></div>
<u><span id="ms-rterangepaste-start"></span>
<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>
<span style="background:#FDFDFD">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500" id="LPlnk223521" class="OWAAutoLink"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1500</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1530</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333"><br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><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"><span style="font-size:10.0pt;line-height:115%;
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background:#FDFDFD"> to
unsubscribe from this report.</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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