<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 18</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3167 down 0.0013</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.49 DEC18 HI 3.62 3/4</u></div>
<div><u> LOW 3.46 LOW 3.59 1/2</u></div>
<div><u> CLOSE3.47 1/4 Up 1 CLOSE 3.61 Up 1 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 1.00 4.47 176.07 0.85 4.46 175.58</u></div>
<div><u>CK High 1.10 4.57 180.01 0.90 4.51 177.55</u></div>
<div><u>CK Avg 1.03 -0.06 4.50 177.06 0.88 -0.21 4.49 176.57</u></div>
<div><u>Essex Cty 1.10 4.57 180.01 0.90 4.51 177.55</u></div>
<div><u>Mdsx Low 1.05 4.52 178.04 0.85 4.46 175.58</u></div>
<div><u>Mdsx High 1.05 4.52 178.04 0.90 4.51 177.55</u></div>
<div><u>Mdsx Avg 1.05 -0.04 4.52 178.04 0.88 -0.21 4.49 176.57</u></div>
<div><u>Hensall 1.08 4.55 179.03 0.90 4.51 177.55</u></div>
<div><u>Bruce 1.15 4.62 181.98 1.00 4.61 181.49</u></div>
<div><u>Putnam 1.05 4.52 178.04 0.85 4.46 175.58</u></div>
<div><u>Burford 1.05 4.52 178.04 0.90 4.51 177.55</u></div>
<div><u>Port Perry 1.05 4.52 178.04 0.90 4.51 177.55</u></div>
<div><u>Norfolk 1.10 4.57 180.01 0.90 4.51 177.55</u></div>
<div><u>Palmerston 1.00 4.47 176.07 0.90 4.51 177.55</u></div>
<div><u>Varna 1.10 4.57 180.01 0.95 4.56 179.52</u></div>
<div><u>Trenton 1.10 4.57 180.01 0.90 4.51 177.55</u></div>
<div><u>Winchester 1.29 4.76 187.49 1.18 4.79 188.57</u></div>
<div><u>North Gower 1.10 4.57 180.01 1.15 4.76 187.39</u></div>
<div><u>Huron FOB 1.30 4.77 187.89 0.95 4.56 179.52</u></div>
<div><u>Kent FOB 1.30 4.77 187.89 0.90 4.51 177.55</u></div>
<div><u>Lamb FOB 1.15 4.62 181.98 0.85 4.46 175.58</u></div>
<div><u>Mdsx FOB 1.00 1.00N/A N/A 4.47 176.07 0.90 4.51 177.55</u></div>
<div><u>FOB SW Que 1.96 5.43 213.87N/A</u></div>
<div><u>Track 1.50 4.97 195.76N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.37 1.04 4.65 183.06</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.37 1.17 4.78 188.18</u></div>
<div><u>Aylmer-Eth N/A 1.35 1.35 1.40 1.05 4.66 183.46</u></div>
<div><u>Sarn-Eth 1.30 1.35 1.30N/A 4.77 187.89 1.10 4.71 185.42</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 4.76 187.39</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 4.96 195.27</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.48 1.25 4.86 191.33</u></div>
<div><u>W O Feed 1.61 5.09 200.25</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.55 5.02 197.73</u></div>
<div><u>Toledo El. -0.07 3.41 134.11 -0.26 3.35 131.75</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.48 1/2</u></div>
<div><u>HI SD CRN 0.90 4.51</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3167 down 0.0013</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.47 1/2 NOV18 HI 8.63 1/2</u></div>
<div><u> LOW 8.34 3/4 LOW 8.50 1/2</u></div>
<div><u> CLOSE8.42 1/4 Up 2 3/4 CLOSE 8.57 3/4 Up 2 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 11.02 405.012.55 11.13 408.87</u></div>
<div><u>CK High 2.70 11.12 408.682.60 11.18 410.70</u></div>
<div><u>CK Average 2.67 0.00 11.10 407.702.58 -0.1111.16 410.03</u></div>
<div><u>Essex Cty 2.70 11.12 408.682.60 11.18 410.70</u></div>
<div><u>Mdsx Low 2.69 11.11 408.312.59 11.17 410.34</u></div>
<div><u>Mdsx High 2.70 11.12 408.682.60 11.18 410.70</u></div>
<div><u>Mdsx Average 2.70 0.02 11.12 408.502.60 -0.1011.17 410.52</u></div>
<div><u>Hensall 2.70 11.12 408.682.60 11.18 410.70</u></div>
<div><u>Bruce 2.70 11.12 408.682.60 11.18 410.70</u></div>
<div><u>Putnam 2.60 11.02 405.012.50 11.08 407.03</u></div>
<div><u>Burford 2.73 11.15 409.782.63 11.21 411.81</u></div>
<div><u>Port Perry 2.66 11.08 407.212.56 11.14 409.23</u></div>
<div><u>Norfolk 2.70 11.12 408.682.60 11.18 410.70</u></div>
<div><u>Palmerston 2.60 11.02 405.012.60 11.18 410.70</u></div>
<div><u>Varna 2.70 11.12 408.682.60 11.18 410.70</u></div>
<div><u>Trenton 2.65 11.07 406.842.60 11.18 410.70</u></div>
<div><u>Winchester 2.65 11.07 406.842.52 11.10 407.76</u></div>
<div><u>North Gower 2.20 10.62 390.312.35 10.93 401.52</u></div>
<div><u>Huron FOB 2.80 11.22 412.362.70 11.28 414.38</u></div>
<div><u>Kent FOB 2.80 11.22 412.362.60 11.18 410.70</u></div>
<div><u>Lambton FOB 2.55 10.97 403.172.65 11.23 412.54</u></div>
<div><u>Middlesex FOB2.59 2.59 2.59 N/A 11.01 404.642.83 11.41 419.15</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.28 11.70 429.992.92 11.50 422.46</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.90 11.48 421.73</u></div>
<div><u>Prescott 2.02 10.44 383.702.78 11.36 417.32</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.05 8.37 307.54-0.40 8.18 300.65</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3167 down 0.0013</u></div>
<div><u>Chicago wheat closed mixed.</u></div>
<div><u>SEP18 HI 5.05 JUL19 HI 5.45</u></div>
<div><u> LOW 4.93 3/4 LOW 5.39 3/4</u></div>
<div><u> CLOSE 4.94 1/2 Down 3 1/4 CLOSE 5.41 1/4 Up 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>SEP18 HI 5.35 3/4 SEP19 HI 5.93 1/2</u></div>
<div><u> LOW 5.27 1/4 LOW 5.91 3/4</u></div>
<div><u> CLOSE 5.28 Down 5 1/4 CLOSE 5.91 3/4 Down 4 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 1.24 1.43 1.37 0.55</u></div>
<div><u>CAD $/bu 6.18 6.38 6.31 5.83</u></div>
<div><u>CAD $/tonne 227.14 234.40 231.98 214.32</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 1.05 N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.15 1.28 1.08 N/A 1.34 1.27 1.01 N/A</u></div>
<div><u>Hensall 1.10 N/A 1.05 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 1.05 0.55 1.15 1.20 1.00 0.50</u></div>
<div><u>Essex N/A N/A 1.07 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Norwich 1.10 N/A 1.05 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 1.05 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 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 1.05 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 1.25 1.20 1.05 N/A 1.10 1.20 1.00 N/A</u></div>
<div><u>Mitchell 1.10 1.20 1.05 N/A 1.15 1.20 1.00 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.95 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 1.83 N/A N/A N/A 1.85 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.02US 6.60CA 5.26US 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 1.32 1.39 1.39 0.50</u></div>
<div><u>CAD $/bu 6.74 6.80 6.80 6.41</u></div>
<div><u>CAD $/tonne 247.52 249.94 249.94 235.65</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 526.03</u></div>
<div><u>DDG's FOB Srn & Aylm 200.00 - 215.00</u></div>
<div><u><br>
</u></div>
<p></p>
<p style="margin-top:0;margin-bottom:0"></p>
<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="LPlnk385960" 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="LPlnk920836" 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>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object" style=""><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" 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);"> to
unsubscribe from this report.</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<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>
<br>
<p></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size: 12pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: Calibri, Arial, Helvetica, sans-serif, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<u><br>
</u>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>