FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 26 (All Bases in CAD) Exchange rate was 1.3062 up 0.0025 Chicago corn closed slightly higher. SEP18 HI 3.65 3/4 DEC18 HI 3.79 3/4 LOW 3.60 1/4 LOW 3.74 1/4 CLOSE3.61 1/2 Up 2 1/4 CLOSE 3.75 3/4 Up 2 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +SEP18+DEC18+DEC18 CK Low 1.00 4.62 181.68 0.90 4.66 183.36 CK High 1.15 4.77 187.59 0.90 4.66 183.36 CK Avg 1.12 0.01 4.73 186.28 0.90 -0.18 4.66 183.36 Essex Cty 1.15 4.77 187.59 0.90 4.66 183.36 Mdsx Low 1.10 4.72 185.62 0.90 4.66 183.36 Mdsx High 1.15 4.77 187.59 0.95 4.71 185.33 Mdsx Avg 1.13 0.01 4.74 186.61 0.93 -0.16 4.68 184.34 Hensall 1.15 4.77 187.59 0.95 4.71 185.33 Bruce 1.15 4.77 187.59 1.00 4.76 187.29 Putnam 1.10 4.72 185.62 0.90 4.66 183.36 Burford 1.10 4.72 185.62 0.90 4.66 183.36 Port Perry 1.10 4.72 185.62 0.90 4.66 183.36 Norfolk 1.15 4.77 187.59 0.90 4.66 183.36 Palmerston 1.00 4.62 181.68 0.90 4.66 183.36 Varna 1.10 4.72 185.62 0.95 4.71 185.33 Trenton 1.15 4.77 187.59 0.95 4.71 185.33 Winchester 1.20 4.82 189.56 1.15 4.91 193.20 North Gower 1.10 4.72 185.62 1.15 4.91 193.20 Huron FOB 1.35 4.97 195.46 0.95 4.71 185.33 Kent FOB 1.35 4.97 195.46 0.90 4.66 183.36 Lamb FOB 1.30 4.92 193.49 0.90 4.66 183.36 Mdsx FOB 1.00 1.00N/A N/A 4.62 181.68 0.90 4.66 183.36 FOB SW Que 1.75 5.37 211.21N/A Track 1.48 5.09 200.38N/A PROCESSORS Chat-Eth N/A N/A N/A 1.41 1.08 4.84 190.44 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A N/A 1.50 1.55 1.10 4.86 191.23 Sarn-Eth 1.30 1.35 1.30N/A 4.92 193.49 1.10 4.86 191.23 Kawartha N/A N/A N/A N/A N/A London-Ing N/A N/A N/A 1.55 1.15 4.91 193.20 Pt.Colb-Ing N/A N/A N/A N/A 1.35* 5.11 201.07 Cardnl-Ing N/A N/A N/A 1.48 1.25 5.01 197.14 W O Feed 1.66 5.28 207.67 US Rep 1.66 5.28 207.67 Toledo El. -0.04 3.58 140.77 -0.26 3.50 137.68 MID SD CRN 0.90 4.65 3/4 HI SD CRN 0.90 4.65 3/4 *Wet Bid Exchange rate was 1.3062 up 0.0025 Chicago soybeans closed narrowly mixed. AUG18 HI 8.81 NOV18 HI 8.96 LOW 8.58 1/4 LOW 8.73 1/4 CLOSE8.61 1/4 Up 1/2 CLOSE 8.76 Up 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV18 CK Low 2.60 11.21 411.992.55 11.31 415.57 CK High 2.75 11.36 417.502.65 11.41 419.25 CK Average 2.70 0.05 11.31 415.602.60 -0.0311.36 417.35 Essex Cty 2.85 11.46 421.172.65 11.41 419.25 Mdsx Low 2.70 11.31 415.662.60 11.36 417.41 Mdsx High 2.72 11.33 416.402.62 11.38 418.14 Mdsx Average 2.71 0.06 11.32 416.032.61 -0.0211.37 417.78 Hensall 2.70 11.31 415.662.60 11.36 417.41 Bruce 2.70 11.31 415.662.60 11.36 417.41 Putnam 2.70 11.31 415.662.60 11.36 417.41 Burford 2.76 11.37 417.872.66 11.42 419.61 Port Perry 2.69 11.30 415.302.59 11.35 417.04 Norfolk 2.75 11.36 417.502.65 11.41 419.25 Palmerston 2.60 11.21 411.992.60 11.36 417.41 Varna 2.70 11.31 415.662.60 11.36 417.41 Trenton 2.65 11.26 413.832.60 11.36 417.41 Winchester 2.66 11.27 414.192.56 11.32 415.94 North Gower 2.45 11.06 406.482.42 11.18 410.79 Huron FOB 2.80 11.41 419.342.70 11.46 421.08 Kent FOB 2.95 11.56 424.852.65 11.41 419.25 Lambton FOB 2.85 11.46 421.172.75 11.51 422.92 Middlesex FOB2.63 2.57 2.57 N/A 11.24 413.092.79 11.55 424.39 PROCESSORS Windsor 3.23 11.84 435.143.08 11.84 435.05 TRANSFER Hamilton N/A 2.90 11.66 428.43 Prescott 2.02 10.63 390.682.78 11.54 424.02 Toledo El. 0.10 8.72 320.29-0.39 8.37 307.53 Exchange rate was 1.3062 up 0.0025 Chicago wheat closed moderately lower. SEP18 HI 5.53 3/4 JUL19 HI 5.90 LOW 5.32 LOW 5.74 CLOSE 5.36 1/2 Down 6 1/4 CLOSE 5.76 1/2 Down 7 3/4 Minni wheat closed narrowly mixed. SEP18 HI 6.11 3/4 SEP19 HI 6.45 LOW 5.82 1/2 LOW 6.27 3/4 CLOSE 5.87 3/4 Up 1/2 CLOSE 6.30 1/2 Down 2 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.25 1.45 1.38 0.69 CAD $/bu 6.62 6.81 6.75 6.57 CAD $/tonne 243.09 250.29 247.89 241.29 Direct MarkHarvest 2018 Harvest 2019 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A 1.05 N/A N/A N/A 1.00 N/A London 1.22 1.42 1.09 N/A 1.38 1.32 1.12 N/A Hensall 1.10 N/A 1.05 N/A 1.15 N/A 1.00 N/A Trenton N/A N/A 1.10 N/A N/A N/A 1.10 N/A Bruce 1.10 1.20 1.05 0.55 1.15 1.20 1.00 0.50 Essex N/A N/A 1.09 N/A N/A N/A 1.05 N/A Norwich 1.10 N/A 1.05 N/A 1.15 N/A 1.00 N/A Port Hope N/A 1.05 1.05 N/A N/A 1.05 1.05 N/A Kent Bridge 1.10 N/A 1.05 N/A 1.15 N/A 1.00 N/A Chatham N/A N/A 1.10 N/A N/A N/A 1.05 N/A Brigden N/A N/A 1.10 N/A N/A N/A 1.05 N/A Palmerston N/A 1.10 1.00 0.55 N/A 1.10 0.95 N/A Varna 1.25 1.25 1.05 N/A 1.10 1.20 1.00 N/A Mitchell 1.10 1.20 1.05 N/A 1.15 1.20 1.00 N/A Thornton N/A N/A N/A 0.84 N/A N/A N/A N/A North Gower N/A 1.40 1.35 0.60 N/A 1.36 1.36 0.50 W O Feed 1.60 PROCESSORS Toledo FM N/A N/A 1.90 N/A N/A N/A 1.87 N/A Toledo El. 5.44US 7.10CA 5.62US 7.31CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.28 1.35 1.35 0.53 CAD $/bu 7.05 7.11 7.11 6.84 CAD $/tonne 258.90 261.29 261.29 251.25 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 523.17 DDG's FOB Srn & Aylm 190.00 - 200.00