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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 20</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3121 down 0.0116</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.55 3/4 DEC18 HI 3.69 3/4</u></div>
<div><u> LOW 3.49 3/4 LOW 3.63 3/4</u></div>
<div><u> CLOSE3.55 1/4 Up 4 CLOSE 3.69 Up 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 4.55 179.22 0.90 4.59 180.70</u></div>
<div><u>CK High 1.10 4.65 183.16 0.95 4.64 182.67</u></div>
<div><u>CK Avg 1.07 -0.03 4.62 181.85 0.91 -0.17 4.60 181.03</u></div>
<div><u>Essex Cty 1.10 4.65 183.16 0.90 4.59 180.70</u></div>
<div><u>Mdsx Low 1.10 4.65 183.16 0.90 4.59 180.70</u></div>
<div><u>Mdsx High 1.10 4.65 183.16 0.95 4.64 182.67</u></div>
<div><u>Mdsx Avg 1.10 -0.01 4.65 183.16 0.93 -0.15 4.62 181.68</u></div>
<div><u>Hensall 1.10 4.65 183.16 0.95 4.64 182.67</u></div>
<div><u>Bruce 1.15 4.70 185.13 1.00 4.69 184.64</u></div>
<div><u>Putnam 1.05 4.60 181.19 0.85 4.54 178.73</u></div>
<div><u>Burford 1.10 4.65 183.16 0.90 4.59 180.70</u></div>
<div><u>Port Perry 1.10 4.65 183.16 0.90 4.59 180.70</u></div>
<div><u>Norfolk 1.10 4.65 183.16 0.90 4.59 180.70</u></div>
<div><u>Palmerston 1.00 4.55 179.22 0.90 4.59 180.70</u></div>
<div><u>Varna 1.10 4.65 183.16 0.95 4.64 182.67</u></div>
<div><u>Trenton 1.10 4.65 183.16 0.90 4.59 180.70</u></div>
<div><u>Winchester 1.24 4.79 188.67 1.14 4.83 190.15</u></div>
<div><u>North Gower 1.10 4.65 183.16 1.15 4.84 190.54</u></div>
<div><u>Huron FOB 1.30 4.85 191.03 0.95 4.64 182.67</u></div>
<div><u>Kent FOB 1.30 4.85 191.03 0.90 4.59 180.70</u></div>
<div><u>Lamb FOB 1.15 4.70 185.13 0.85 4.54 178.73</u></div>
<div><u>Mdsx FOB 1.00 1.00N/A N/A 4.55 179.22 0.90 4.59 180.70</u></div>
<div><u>FOB SW Que 1.85 5.40 212.69N/A</u></div>
<div><u>Track 1.50 5.05 198.91N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.39 1.06 4.75 187.00</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 1.35 1.35 1.40 1.05 4.74 186.61</u></div>
<div><u>Sarn-Eth 1.30 1.35 1.30N/A 4.85 191.03 1.10 4.79 188.57</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 4.84 190.54</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 5.04 198.42</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.48 1.25 4.94 194.48</u></div>
<div><u>W O Feed 1.63 5.18 204.03</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.55 5.10 200.88</u></div>
<div><u>Toledo El. -0.07 3.49 137.27 -0.26 3.43 134.99</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.92 1/2 4.61 1/2</u></div>
<div><u>HI SD CRN 0.95 4.641</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3121 down 0.0116</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.53 1/4 NOV18 HI 8.68 3/4</u></div>
<div><u> LOW 8.41 1/4 LOW 8.56 1/2</u></div>
<div><u> CLOSE8.49 3/4 Up 3 3/4 CLOSE 8.64 3/4 Up 3 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 2.60 11.10 407.762.50 11.15 409.60</u></div>
<div><u>CK High 2.70 11.20 411.442.60 11.25 413.27</u></div>
<div><u>CK Average 2.66 0.00 11.16 409.912.57 -0.0611.21 412.05</u></div>
<div><u>Essex Cty 2.70 11.20 411.442.60 11.25 413.27</u></div>
<div><u>Mdsx Low 2.63 11.13 408.872.53 11.18 410.70</u></div>
<div><u>Mdsx High 2.70 11.20 411.442.60 11.25 413.27</u></div>
<div><u>Mdsx Average 2.67 0.01 11.16 410.152.57 -0.0611.21 411.99</u></div>
<div><u>Hensall 2.70 11.20 411.442.60 11.25 413.27</u></div>
<div><u>Bruce 2.70 11.20 411.442.60 11.25 413.27</u></div>
<div><u>Putnam 2.70 11.20 411.442.60 11.25 413.27</u></div>
<div><u>Burford 2.67 11.17 410.342.57 11.22 412.17</u></div>
<div><u>Port Perry 2.60 11.10 407.762.50 11.15 409.60</u></div>
<div><u>Norfolk 2.70 11.20 411.442.60 11.25 413.27</u></div>
<div><u>Palmerston 2.60 11.10 407.762.60 11.25 413.27</u></div>
<div><u>Varna 2.70 11.20 411.442.60 11.25 413.27</u></div>
<div><u>Trenton 2.65 11.15 409.602.60 11.25 413.27</u></div>
<div><u>Winchester 2.65 11.15 409.602.52 11.17 410.34</u></div>
<div><u>North Gower 2.30 10.80 396.742.40 11.05 405.93</u></div>
<div><u>Huron FOB 2.80 11.30 415.112.70 11.35 416.95</u></div>
<div><u>Kent FOB 2.80 11.30 415.112.60 11.25 413.27</u></div>
<div><u>Lambton FOB 2.55 11.05 405.932.65 11.30 415.11</u></div>
<div><u>Middlesex FOB2.53 2.53 2.53 N/A 11.03 405.192.67 11.32 415.85</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.25 11.75 431.652.90 11.55 424.30</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.90 11.55 424.30</u></div>
<div><u>Prescott 2.02 10.52 386.452.78 11.43 419.89</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.10 8.60 316.09-0.39 8.26 303.35</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3121 down 0.0116</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>SEP18 HI 5.19 3/4 JUL19 HI 5.63 3/4</u></div>
<div><u> LOW 5.03 LOW 5.49 3/4</u></div>
<div><u> CLOSE 5.16 Up 11 3/4 CLOSE 5.60 1/2 Up 10 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed higher.</u></div>
<div><u>SEP18 HI 5.56 SEP19 HI 6.14</u></div>
<div><u> LOW 5.36 1/4 LOW 6.00</u></div>
<div><u> CLOSE 5.55 Up 18 1/4 CLOSE 6.13 3/4 Up 14</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 1.28 1.48 1.41 0.62</u></div>
<div><u>CAD $/bu 6.44 6.64 6.57 6.17</u></div>
<div><u>CAD $/tonne 236.71 243.95 241.54 226.59</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 1.13 1.26 1.06 N/A 1.24 1.17 0.91 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 1.05 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 1.01 N/A N/A N/A 1.09 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 1.05 1.05 N/A N/A 1.05 1.05 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 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 1.25 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 0.89 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.40 1.35 0.55 N/A 1.38 1.38 0.45</u></div>
<div><u>W O Feed 1.57</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 1.87 N/A N/A N/A 1.84 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.23US 6.86CA 5.46US 7.12CA</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 6.93 6.99 6.99 6.64</u></div>
<div><u>CAD $/tonne 254.47 256.87 256.87 244.04</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 524.60</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00 - 200.00</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="LPlnk890912" 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="LPlnk655933" 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;
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<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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