<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 Fri, July 27</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.305 down 0.0012</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.63 3/4 DEC18 HI 3.78</u></div>
<div><u> LOW 3.59 1/2 LOW 3.73 1/2</u></div>
<div><u> CLOSE3.62 Up 1/2 CLOSE 3.76 1/4 Up 1/2</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 4.62 181.88 0.90 4.66 183.55</u></div>
<div><u>CK High 1.15 4.77 187.79 0.90 4.66 183.55</u></div>
<div><u>CK Avg 1.12 0.01 4.74 186.47 0.90 -0.17 4.66 183.55</u></div>
<div><u>Essex Cty 1.15 4.77 187.79 0.90 4.66 183.55</u></div>
<div><u>Mdsx Low 1.10 4.72 185.82 0.90 4.66 183.55</u></div>
<div><u>Mdsx High 1.15 4.77 187.79 0.95 4.71 185.52</u></div>
<div><u>Mdsx Avg 1.13 0.02 4.75 186.80 0.93 -0.15 4.69 184.54</u></div>
<div><u>Hensall 1.15 4.77 187.79 0.95 4.71 185.52</u></div>
<div><u>Bruce 1.15 4.77 187.79 1.00 4.76 187.49</u></div>
<div><u>Putnam 1.10 4.72 185.82 0.90 4.66 183.55</u></div>
<div><u>Burford 1.10 4.72 185.82 0.90 4.66 183.55</u></div>
<div><u>Port Perry 1.10 4.72 185.82 0.90 4.66 183.55</u></div>
<div><u>Norfolk 1.15 4.77 187.79 0.90 4.66 183.55</u></div>
<div><u>Palmerston 1.00 4.62 181.88 0.90 4.66 183.55</u></div>
<div><u>Varna 1.15 4.77 187.79 0.95 4.71 185.52</u></div>
<div><u>Trenton 1.15 4.77 187.79 0.95 4.71 185.52</u></div>
<div><u>Winchester 1.20 4.82 189.76 1.15 4.91 193.40</u></div>
<div><u>North Gower 1.10 4.72 185.82 1.15 4.91 193.40</u></div>
<div><u>Huron FOB 1.35 4.97 195.66 0.95 4.71 185.52</u></div>
<div><u>Kent FOB N/A N/A</u></div>
<div><u>Lamb FOB 1.30 4.92 193.69 0.90 4.66 183.55</u></div>
<div><u>Mdsx FOB 1.00 1.35 1.30N/A 4.62 181.88 0.90 4.66 183.55</u></div>
<div><u>FOB SW Que 1.75 5.37 211.41N/A</u></div>
<div><u>Track 1.48 5.10 200.58N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.41 1.08 4.84 190.64</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A 1.50 1.55 1.10 4.86 191.43</u></div>
<div><u>Sarn-Eth 1.30 1.35 1.30N/A 4.92 193.69 1.10 4.86 191.43</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 4.91 193.40</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 5.11 201.27</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.48 1.25 5.01 197.33</u></div>
<div><u>W O Feed 1.65 5.27 207.63</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.62 5.24 206.29</u></div>
<div><u>Toledo El. -0.04 3.58 140.97 -0.26 3.50 137.89</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.90 4.66 1/4</u></div>
<div><u>HI SD CRN 0.90 4.66 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 1.305 down 0.0012</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG18 HI 8.74 NOV18 HI 8.89</u></div>
<div><u> LOW 8.58 1/4 LOW 8.73</u></div>
<div><u> CLOSE8.70 1/2 Up 9 1/4 CLOSE 8.85 1/4 Up 9 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 2.65 11.36 417.222.55 11.40 418.97</u></div>
<div><u>CK High 2.80 11.51 422.742.65 11.50 422.64</u></div>
<div><u>CK Average 2.73 0.05 11.43 419.982.61 -0.0311.46 421.11</u></div>
<div><u>Essex Cty 2.85 11.56 424.572.65 11.50 422.64</u></div>
<div><u>Mdsx Low 2.68 11.39 418.332.58 11.43 420.07</u></div>
<div><u>Mdsx High 2.70 11.41 419.062.60 11.45 420.81</u></div>
<div><u>Mdsx Average 2.69 0.03 11.40 418.692.59 -0.0511.44 420.44</u></div>
<div><u>Hensall 2.70 11.41 419.062.60 11.45 420.81</u></div>
<div><u>Bruce 2.70 11.41 419.062.60 11.45 420.81</u></div>
<div><u>Putnam 2.70 11.41 419.062.60 11.45 420.81</u></div>
<div><u>Burford 2.72 11.43 419.802.62 11.47 421.54</u></div>
<div><u>Port Perry 2.65 11.36 417.222.55 11.40 418.97</u></div>
<div><u>Norfolk 2.75 11.46 420.902.65 11.50 422.64</u></div>
<div><u>Palmerston 2.60 11.31 415.392.60 11.45 420.81</u></div>
<div><u>Varna 2.70 11.41 419.062.60 11.45 420.81</u></div>
<div><u>Trenton 2.65 11.36 417.222.60 11.45 420.81</u></div>
<div><u>Winchester 2.66 11.37 417.592.56 11.41 419.34</u></div>
<div><u>North Gower 2.45 11.16 409.882.42 11.27 414.19</u></div>
<div><u>Huron FOB 2.80 11.51 422.742.70 11.55 424.48</u></div>
<div><u>Kent FOB N/A N/A</u></div>
<div><u>Lambton FOB 2.95 11.66 428.252.65 11.50 422.64</u></div>
<div><u>Middlesex FOB2.59 2.53 2.53 N/A 11.30 415.022.66 11.51 423.01</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.24 11.95 438.903.08 11.93 438.44</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.90 11.75 431.83</u></div>
<div><u>Prescott 2.02 10.73 394.082.78 11.63 427.42</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.10 8.81 323.69-0.39 8.46 310.95</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.305 down 0.0012</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>SEP18 HI 5.42 JUL19 HI 5.81 1/4</u></div>
<div><u> LOW 5.25 1/4 LOW 5.68 1/2</u></div>
<div><u> CLOSE 5.30 1/2 Down 6 CLOSE 5.73 1/2 Down 3</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>SEP18 HI 5.95 SEP19 HI 6.39</u></div>
<div><u> LOW 5.81 LOW 6.30</u></div>
<div><u> CLOSE 5.92 1/2 Up 4 3/4 CLOSE 6.34 1/2 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 1.23 1.42 1.36 0.70</u></div>
<div><u>CAD $/bu 6.53 6.73 6.66 6.62</u></div>
<div><u>CAD $/tonne 239.99 247.18 244.78 243.34</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 1.18 1.37 1.05 N/A 1.38 1.32 1.12 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 1.10 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Bruce 1.10 1.25 1.05 0.55 1.15 1.20 1.00 0.50</u></div>
<div><u>Essex N/A N/A 1.09 N/A N/A N/A 0.98 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 N/A N/A N/A N/A N/A N/A</u></div>
<div><u>Brigden N/A N/A 1.05 N/A N/A N/A 1.05 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 0.69 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.40 1.35 0.60 N/A 1.37 1.37 0.50</u></div>
<div><u>W O Feed 1.60</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 1.88 N/A N/A N/A 1.85 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.38US 7.01CA 5.59US 7.26CA</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 1.26 1.33 1.33 0.53</u></div>
<div><u>CAD $/bu 7.00 7.06 7.06 6.88</u></div>
<div><u>CAD $/tonne 257.08 259.47 259.47 252.79</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 523.28</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="LPlnk569595" 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="LPlnk138962" 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>
<u><br>
</u>
<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>