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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 17</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.318 up 0.0055</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.48 3/4 DEC18 HI 3.62 1/4</u></div>
<div><u> LOW 3.44 1/4 LOW 3.57 3/4</u></div>
<div><u> CLOSE3.46 1/4 Up 4 1/2 CLOSE 3.59 3/4 Up 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 1.00 4.46 175.68 0.85 4.45 175.09</u></div>
<div><u>CK High 1.05 4.51 177.65 0.90 4.50 177.06</u></div>
<div><u>CK Avg 1.02 -0.06 4.48 176.34 0.87 -0.21 4.46 175.75</u></div>
<div><u>Essex Cty 1.05 4.51 177.65 0.90 4.50 177.06</u></div>
<div><u>Mdsx Low 1.05 4.51 177.65 0.85 4.45 175.09</u></div>
<div><u>Mdsx High 1.05 4.51 177.65 0.85 4.45 175.09</u></div>
<div><u>Mdsx Avg 1.05 -0.04 4.51 177.65 0.85 -0.22 4.45 175.09</u></div>
<div><u>Hensall 1.08 4.54 178.63 0.90 4.50 177.06</u></div>
<div><u>Bruce 1.05 4.51 177.65 0.85 4.45 175.09</u></div>
<div><u>Putnam 1.05 4.51 177.65 0.85 4.45 175.09</u></div>
<div><u>Burford 1.05 4.51 177.65 0.85 4.45 175.09</u></div>
<div><u>Port Perry 1.05 4.51 177.65 0.85 4.45 175.09</u></div>
<div><u>Norfolk 1.05 4.51 177.65 0.90 4.50 177.06</u></div>
<div><u>Palmerston 1.00 4.46 175.68 0.90 4.50 177.06</u></div>
<div><u>Varna 1.10 4.56 179.62 0.95 4.55 179.03</u></div>
<div><u>Trenton 1.05 4.51 177.65 0.90 4.50 177.06</u></div>
<div><u>Winchester 1.29 4.75 187.10 1.18 4.78 188.08</u></div>
<div><u>North Gower 1.10 4.56 179.62 1.15 4.75 186.90</u></div>
<div><u>Huron FOB 1.30 4.76 187.49 1.00 4.60 181.00</u></div>
<div><u>Kent FOB 1.25 4.71 185.52 0.90 4.50 177.06</u></div>
<div><u>Lamb FOB 1.15 4.61 181.59 0.85 4.45 175.09</u></div>
<div><u>Mdsx FOB 1.00 1.10N/A N/A 4.46 175.68 0.90 4.50 177.06</u></div>
<div><u>FOB SW Que 1.96 5.42 213.47N/A</u></div>
<div><u>Track 1.38 4.84 190.44N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.37 1.04 4.64 182.57</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.37 1.17 4.77 187.69</u></div>
<div><u>Aylmer-Eth N/A 1.35 1.35 1.40 1.05 4.65 182.96</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.25N/A 4.71 185.52N/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 1.20 4.80 188.87</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 4.95 194.77</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.48 1.30 4.90 192.81</u></div>
<div><u>W O Feed 1.53 5.00 196.70</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.55 5.01 197.33</u></div>
<div><u>Toledo El. -0.07 3.40 133.72 -0.26 3.33 131.26</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.47 1/4</u></div>
<div><u>HI SD CRN 0.90 4.49 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 1.318 up 0.0055</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.43 1/2 NOV18 HI 8.59 3/4</u></div>
<div><u> LOW 8.30 LOW 8.46</u></div>
<div><u> CLOSE8.39 1/2 Up 10 CLOSE 8.55 1/4 Up 9 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 2.60 11.00 404.002.45 11.00 404.27</u></div>
<div><u>CK High 2.65 11.05 405.832.55 11.10 407.95</u></div>
<div><u>CK Average 2.61 -0.0511.01 404.362.50 -0.1611.05 406.17</u></div>
<div><u>Essex Cty 2.60 11.00 404.002.50 11.05 406.11</u></div>
<div><u>Mdsx Low 2.60 11.00 404.002.50 11.05 406.11</u></div>
<div><u>Mdsx High 2.61 11.01 404.362.51 11.06 406.48</u></div>
<div><u>Mdsx Average 2.61 -0.0511.00 404.182.51 -0.1511.06 406.29</u></div>
<div><u>Hensall 2.60 11.00 404.002.50 11.05 406.11</u></div>
<div><u>Bruce 2.60 11.00 404.002.50 11.05 406.11</u></div>
<div><u>Putnam 2.60 11.00 404.002.50 11.05 406.11</u></div>
<div><u>Burford 2.67 11.07 406.572.57 11.12 408.68</u></div>
<div><u>Port Perry 2.58 10.98 403.262.48 11.03 405.37</u></div>
<div><u>Norfolk 2.60 11.00 404.002.50 11.05 406.11</u></div>
<div><u>Palmerston 2.60 11.00 404.002.60 11.15 409.78</u></div>
<div><u>Varna 2.60 11.00 404.002.50 11.05 406.11</u></div>
<div><u>Trenton 2.65 11.05 405.832.50 11.05 406.11</u></div>
<div><u>Winchester 2.65 11.05 405.832.52 11.07 406.84</u></div>
<div><u>North Gower 2.20 10.60 389.302.35 10.90 400.60</u></div>
<div><u>Huron FOB 2.70 11.10 407.672.60 11.15 409.78</u></div>
<div><u>Kent FOB 2.70 11.10 407.672.55 11.10 407.95</u></div>
<div><u>Lambton FOB 2.55 10.95 402.162.60 11.15 409.78</u></div>
<div><u>Middlesex FOB2.52 2.52 2.52 N/A 10.92 401.062.68 11.23 412.72</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.82 11.22 412.082.59 11.14 409.42</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.80 11.35 417.13</u></div>
<div><u>Prescott 2.02 10.42 382.692.78 11.33 416.40</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.05 8.34 306.53-0.39 8.16 299.74</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.318 up 0.0055</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>SEP18 HI 5.04 1/4 JUL19 HI 5.46 1/2</u></div>
<div><u> LOW 4.87 3/4 LOW 5.33</u></div>
<div><u> CLOSE 4.97 3/4 Up 9 1/4 CLOSE 5.39 3/4 Up 4 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>SEP18 HI 5.37 1/2 SEP19 HI 5.99</u></div>
<div><u> LOW 5.29 LOW 5.95 1/4</u></div>
<div><u> CLOSE 5.33 1/4 Up 5 CLOSE 5.96 Up 3 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 1.32 1.45 1.39 0.58</u></div>
<div><u>CAD $/bu 6.30 6.43 6.36 5.91</u></div>
<div><u>CAD $/tonne 231.37 236.22 233.79 217.09</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 1.04 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 1.05 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 1.05 N/A N/A N/A 1.00 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 0.88 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.30 1.25 0.50 N/A 1.34 1.29 0.40</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 1.85 N/A N/A N/A 1.84 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.05US 6.65CA 5.25US 6.91CA</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 1.31 1.38 1.38 0.50</u></div>
<div><u>CAD $/bu 6.71 6.78 6.78 6.46</u></div>
<div><u>CAD $/tonne 246.61 249.03 249.03 237.54</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><br>
</u>
<p></p>
<p style="margin-top:0;margin-bottom:0"><u></p>
<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="LPlnk751498" class="OWAAutoLink" previewremoved="true"><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" id="LPlnk486694" class="OWAAutoLink" previewremoved="true"><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
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<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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