<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 Mon, July 23</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3164 up 0.0043</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.58 1/2 DEC18 HI 3.72 1/4</u></div>
<div><u> LOW 3.54 1/2 LOW 3.68 1/2</u></div>
<div><u> CLOSE3.57 1/4 Up 2 CLOSE 3.71 1/4 Up 2 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 4.57 180.01 0.90 4.61 181.59</u></div>
<div><u>CK High 1.15 4.72 185.92 0.90 4.61 181.59</u></div>
<div><u>CK Avg 1.10 -0.02 4.67 183.95 0.90 -0.20 4.61 181.59</u></div>
<div><u>Essex Cty 1.15 4.72 185.92 0.90 4.61 181.59</u></div>
<div><u>Mdsx Low 1.10 4.67 183.95 0.90 4.61 181.59</u></div>
<div><u>Mdsx High 1.10 4.67 183.95 0.95 4.66 183.55</u></div>
<div><u>Mdsx Avg 1.10 -0.02 4.67 183.95 0.93 -0.18 4.64 182.57</u></div>
<div><u>Hensall 1.10 4.67 183.95 0.95 4.66 183.55</u></div>
<div><u>Bruce 1.15 4.72 185.92 1.00 4.71 185.52</u></div>
<div><u>Putnam 1.05 4.62 181.98 0.85 4.56 179.62</u></div>
<div><u>Burford 1.10 4.67 183.95 0.90 4.61 181.59</u></div>
<div><u>Port Perry 1.10 4.67 183.95 0.90 4.61 181.59</u></div>
<div><u>Norfolk 1.15 4.72 185.92 0.90 4.61 181.59</u></div>
<div><u>Palmerston 1.00 4.57 180.01 0.90 4.61 181.59</u></div>
<div><u>Varna 1.10 4.67 183.95 0.95 4.66 183.55</u></div>
<div><u>Trenton 1.10 4.67 183.95 0.95 4.66 183.55</u></div>
<div><u>Winchester 1.24 4.81 189.46 1.14 4.85 191.03</u></div>
<div><u>North Gower 1.10 4.67 183.95 1.15 4.86 191.43</u></div>
<div><u>Huron FOB 1.30 4.87 191.82 0.95 4.66 183.55</u></div>
<div><u>Kent FOB 1.35 4.92 193.79 0.90 4.61 181.59</u></div>
<div><u>Lamb FOB 1.15 4.72 185.92 0.85 4.56 179.62</u></div>
<div><u>Mdsx FOB 1.00 1.00N/A N/A 4.57 180.01 0.90 4.61 181.59</u></div>
<div><u>FOB SW Que 1.75 5.32 209.54N/A</u></div>
<div><u>Track 1.50 5.07 199.70N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.39 1.06 4.77 187.89</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 4.76 187.49</u></div>
<div><u>Sarn-Eth 1.30 1.35 1.30N/A 4.87 191.82 1.10 4.81 189.46</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 4.86 191.43</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 5.06 199.30</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.48 1.25 4.96 195.36</u></div>
<div><u>W O Feed 1.63 5.20 204.81</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.55 5.12 201.66</u></div>
<div><u>Toledo El. -0.07 3.51 138.05 -0.26 3.45 135.83</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.90 4.61 1/4</u></div>
<div><u>HI SD CRN 0.90 4.61 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 1.3164 up 0.0043</u></div>
<div><u>Chicago soybeans closed slightly lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.54 3/4 NOV18 HI 8.70</u></div>
<div><u> LOW 8.47 1/4 LOW 8.62 1/4</u></div>
<div><u> CLOSE8.47 3/4 Down 2 CLOSE 8.62 3/4 Down 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 11.08 407.032.51 11.14 409.23</u></div>
<div><u>CK High 2.70 11.18 410.702.60 11.23 412.54</u></div>
<div><u>CK Average 2.68 0.00 11.16 409.972.58 -0.0911.20 411.68</u></div>
<div><u>Essex Cty 2.80 11.28 414.382.60 11.23 412.54</u></div>
<div><u>Mdsx Low 2.70 11.18 410.702.54 11.17 410.34</u></div>
<div><u>Mdsx High 2.71 11.19 411.072.60 11.23 412.54</u></div>
<div><u>Mdsx Average 2.71 0.02 11.18 410.892.57 -0.0911.20 411.44</u></div>
<div><u>Hensall 2.70 11.18 410.702.60 11.23 412.54</u></div>
<div><u>Bruce 2.70 11.18 410.702.60 11.23 412.54</u></div>
<div><u>Putnam 2.70 11.18 410.702.60 11.23 412.54</u></div>
<div><u>Burford 2.75 11.23 412.542.58 11.21 411.81</u></div>
<div><u>Port Perry 2.68 11.16 409.972.51 11.14 409.23</u></div>
<div><u>Norfolk 2.70 11.18 410.702.60 11.23 412.54</u></div>
<div><u>Palmerston 2.70 11.18 410.702.60 11.23 412.54</u></div>
<div><u>Varna 2.70 11.18 410.702.60 11.23 412.54</u></div>
<div><u>Trenton 2.65 11.13 408.872.60 11.23 412.54</u></div>
<div><u>Winchester 2.65 11.13 408.872.52 11.15 409.60</u></div>
<div><u>North Gower 2.45 10.93 401.522.42 11.05 405.93</u></div>
<div><u>Huron FOB 2.80 11.28 414.382.70 11.33 416.21</u></div>
<div><u>Kent FOB 2.90 11.38 418.052.60 11.23 412.54</u></div>
<div><u>Lambton FOB 2.80 11.28 414.382.75 11.38 418.05</u></div>
<div><u>Middlesex FOB2.55 2.55 2.55 N/A 11.03 405.192.78 11.41 419.15</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.28 11.76 432.013.13 11.76 432.01</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.90 11.53 423.56</u></div>
<div><u>Prescott 2.02 10.50 385.722.78 11.41 419.15</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.11 8.58 315.36-0.39 8.23 302.55</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3164 up 0.0043</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>SEP18 HI 5.22 1/2 JUL19 HI 5.66 3/4</u></div>
<div><u> LOW 5.12 LOW 5.57 1/2</u></div>
<div><u> CLOSE 5.13 3/4 Down 2 1/4 CLOSE 5.61 1/4 Up 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>SEP18 HI 5.67 SEP19 HI 6.22 3/4</u></div>
<div><u> LOW 5.54 1/4 LOW 6.14 3/4</u></div>
<div><u> CLOSE 5.62 Up 7 CLOSE 6.17 3/4 Up 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 1.30 1.49 1.43 0.66</u></div>
<div><u>CAD $/bu 6.43 6.63 6.57 6.28</u></div>
<div><u>CAD $/tonne 236.40 243.66 241.24 230.72</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 1.17 1.30 1.10 N/A 1.25 1.18 0.98 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 1.15 N/A N/A N/A 1.10 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 1.10 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 1.25 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 0.82 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.40 1.35 0.60 N/A 1.39 1.39 0.50</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 1.89 N/A N/A N/A 1.88 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.21US 6.86CA 5.46US 7.17CA</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 1.36 1.42 1.42 0.55</u></div>
<div><u>CAD $/bu 6.97 7.04 7.04 6.73</u></div>
<div><u>CAD $/tonne 256.09 258.50 258.50 247.17</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 518.10</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="LPlnk271657" 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="LPlnk44718" 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>
<u></u><br>
</div>
<div><u><br>
</u></div>
<p></p>
</div>
</body>
</html>