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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 24</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3146 down 0.0018</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.56 1/2 DEC18 HI 3.70 1/2</u></div>
<div><u> LOW 3.51 1/2 LOW 3.65 1/4</u></div>
<div><u> CLOSE3.52 Down 5 1/4 CLOSE 3.66 Down 5 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 4.52 177.94 0.90 4.56 179.52</u></div>
<div><u>CK High 1.15 4.67 183.85 0.90 4.56 179.52</u></div>
<div><u>CK Avg 1.10 -0.01 4.62 181.88 0.90 -0.18 4.56 179.52</u></div>
<div><u>Essex Cty 1.15 4.67 183.85 0.90 4.56 179.52</u></div>
<div><u>Mdsx Low 1.10 4.62 181.88 0.90 4.56 179.52</u></div>
<div><u>Mdsx High 1.10 4.62 181.88 0.95 4.61 181.49</u></div>
<div><u>Mdsx Avg 1.10 -0.01 4.62 181.88 0.93 -0.16 4.59 180.50</u></div>
<div><u>Hensall 1.10 4.62 181.88 0.95 4.61 181.49</u></div>
<div><u>Bruce 1.15 4.67 183.85 1.00 4.66 183.46</u></div>
<div><u>Putnam 1.10 4.62 181.88 0.90 4.56 179.52</u></div>
<div><u>Burford 1.10 4.62 181.88 0.90 4.56 179.52</u></div>
<div><u>Port Perry 1.10 4.62 181.88 0.90 4.56 179.52</u></div>
<div><u>Norfolk 1.15 4.67 183.85 0.90 4.56 179.52</u></div>
<div><u>Palmerston 1.00 4.52 177.94 0.90 4.56 179.52</u></div>
<div><u>Varna 1.10 4.62 181.88 0.95 4.61 181.49</u></div>
<div><u>Trenton 1.15 4.67 183.85 0.95 4.61 181.49</u></div>
<div><u>Winchester 1.35 4.87 191.72 1.20 4.86 191.33</u></div>
<div><u>North Gower 1.10 4.62 181.88 1.15 4.81 189.36</u></div>
<div><u>Huron FOB 1.30 4.82 189.76 0.95 4.61 181.49</u></div>
<div><u>Kent FOB 1.35 4.87 191.72 0.90 4.56 179.52</u></div>
<div><u>Lamb FOB 1.30 4.82 189.76 0.90 4.56 179.52</u></div>
<div><u>Mdsx FOB 1.00 1.00N/A N/A 4.52 177.94 0.90 4.56 179.52</u></div>
<div><u>FOB SW Que 1.70 5.22 205.50N/A</u></div>
<div><u>Track 1.50 5.02 197.63N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.41 1.08 4.74 186.61</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 1.50 1.45 1.50 1.10 4.76 187.39</u></div>
<div><u>Sarn-Eth 1.30 1.35 1.30N/A 4.82 189.76 1.10 4.76 187.39</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 4.81 189.36</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 5.01 197.23</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.48 1.25 4.91 193.30</u></div>
<div><u>W O Feed 1.67 5.19 204.24</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.66 5.18 203.93</u></div>
<div><u>Toledo El. -0.07 3.45 135.99 -0.26 3.40 133.77</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.90 4.56</u></div>
<div><u>HI SD CRN 0.90 4.56</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3146 down 0.0018</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.62 3/4 NOV18 HI 8.78</u></div>
<div><u> LOW 8.42 1/2 LOW 8.57</u></div>
<div><u> CLOSE8.58 Up 10 1/4 CLOSE 8.73 1/4 Up 10 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 11.18 410.792.55 11.28 414.56</u></div>
<div><u>CK High 2.70 11.28 414.472.60 11.33 416.40</u></div>
<div><u>CK Average 2.68 -0.0211.26 413.672.59 -0.0911.32 415.97</u></div>
<div><u>Essex Cty 2.80 11.38 418.142.60 11.33 416.40</u></div>
<div><u>Mdsx Low 2.70 11.28 414.472.60 11.33 416.40</u></div>
<div><u>Mdsx High 2.70 11.28 414.472.61 11.34 416.77</u></div>
<div><u>Mdsx Average 2.70 0.00 11.28 414.472.61 -0.0811.34 416.58</u></div>
<div><u>Hensall 2.70 11.28 414.472.60 11.33 416.40</u></div>
<div><u>Bruce 2.70 11.28 414.472.60 11.33 416.40</u></div>
<div><u>Putnam 2.70 11.28 414.472.60 11.33 416.40</u></div>
<div><u>Burford 2.74 11.32 415.942.65 11.38 418.24</u></div>
<div><u>Port Perry 2.67 11.25 413.372.58 11.31 415.66</u></div>
<div><u>Norfolk 2.70 11.28 414.472.60 11.33 416.40</u></div>
<div><u>Palmerston 2.70 11.28 414.472.60 11.33 416.40</u></div>
<div><u>Varna 2.70 11.28 414.472.60 11.33 416.40</u></div>
<div><u>Trenton 2.65 11.23 412.632.60 11.33 416.40</u></div>
<div><u>Winchester 2.66 11.24 413.002.56 11.29 414.93</u></div>
<div><u>North Gower 2.45 11.03 405.282.42 11.15 409.78</u></div>
<div><u>Huron FOB 2.80 11.38 418.142.70 11.43 420.07</u></div>
<div><u>Kent FOB 2.90 11.48 421.822.60 11.33 416.40</u></div>
<div><u>Lambton FOB 2.85 11.43 419.982.75 11.48 421.91</u></div>
<div><u>Middlesex FOB2.61 2.61 2.55 N/A 11.19 411.162.78 11.51 423.01</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.30 11.88 436.523.15 11.88 436.61</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.90 11.63 427.42</u></div>
<div><u>Prescott 2.02 10.60 389.482.78 11.51 423.01</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.11 8.69 319.13-0.39 8.34 306.42</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3146 down 0.0018</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>SEP18 HI 5.16 1/4 JUL19 HI 5.63</u></div>
<div><u> LOW 5.05 1/4 LOW 5.54</u></div>
<div><u> CLOSE 5.10 1/4 Down 3 1/2 CLOSE 5.58 3/4 Down 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>SEP18 HI 5.65 SEP19 HI 6.20</u></div>
<div><u> LOW 5.53 1/2 LOW 6.11</u></div>
<div><u> CLOSE 5.54 3/4 Down 7 1/4 CLOSE 6.12 1/4 Down 5 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 1.28 1.47 1.41 0.63</u></div>
<div><u>CAD $/bu 6.38 6.58 6.51 6.18</u></div>
<div><u>CAD $/tonne 234.39 241.63 239.22 226.90</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 1.27 1.00 N/A 1.35 1.28 1.08 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 1.00 N/A N/A N/A 1.06 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 0.83 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.40 1.35 0.60 N/A 1.38 1.38 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 1.87 N/A N/A N/A 1.86 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.17US 6.80CA 5.44US 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 1.34 1.41 1.41 0.52</u></div>
<div><u>CAD $/bu 6.93 6.99 6.99 6.65</u></div>
<div><u>CAD $/tonne 254.56 256.97 256.97 244.21</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 519.09</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00 - 200.00</u></div>
<div><br>
</div>
<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="LPlnk397713" 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="LPlnk786634" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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<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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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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