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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 31</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2989 down 0.0024</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP18 HI 3.74 1/4 DEC18 HI 3.88 1/2</u></div>
<div><u> LOW 3.66 1/4 LOW 3.80 1/4</u></div>
<div><u> CLOSE3.72 1/4 Up 5 CLOSE 3.86 1/2 Up 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 +DEC18+DEC18+DEC18</u></div>
<div><u>CK Low 1.15 4.87 191.82 0.90 4.77 187.59</u></div>
<div><u>CK High 1.15 4.87 191.82 0.95 4.82 189.56</u></div>
<div><u>CK Avg 1.15 0.03 4.87 191.82 0.92 -0.18 4.78 188.25</u></div>
<div><u>Essex Cty 1.15 4.87 191.82 0.95 4.82 189.56</u></div>
<div><u>Mdsx Low 1.15 4.87 191.82 0.90 4.77 187.59</u></div>
<div><u>Mdsx High 1.15 4.87 191.82 0.95 4.82 189.56</u></div>
<div><u>Mdsx Avg 1.15 0.03 4.87 191.82 0.93 -0.17 4.79 188.57</u></div>
<div><u>Hensall 1.15 4.87 191.82 0.95 4.82 189.56</u></div>
<div><u>Bruce 1.15 4.87 191.82 1.00 4.87 191.53</u></div>
<div><u>Putnam 1.15 4.87 191.82 0.90 4.77 187.59</u></div>
<div><u>Burford 1.15 4.87 191.82 0.90 4.77 187.59</u></div>
<div><u>Port Perry 1.15 4.87 191.82 0.90 4.77 187.59</u></div>
<div><u>Norfolk 1.15 4.87 191.82 0.95 4.82 189.56</u></div>
<div><u>Palmerston 1.15 4.87 191.82 0.90 4.77 187.59</u></div>
<div><u>Varna 1.15 4.87 191.82 0.95 4.82 189.56</u></div>
<div><u>Trenton 1.15 4.87 191.82 0.95 4.82 189.56</u></div>
<div><u>Winchester 1.15 4.87 191.82 1.15 5.02 197.43</u></div>
<div><u>North Gower 1.15 4.87 191.82 1.15 5.02 197.43</u></div>
<div><u>Huron FOB 1.40 5.12 201.66 1.00 4.87 191.53</u></div>
<div><u>Kent FOB 1.35 5.07 199.70 0.95 4.82 189.56</u></div>
<div><u>Lamb FOB 1.30 5.02 197.73 0.95 4.82 189.56</u></div>
<div><u>Mdsx FOB 1.30 1.35 1.30N/A 5.02 197.73 0.90 4.77 187.59</u></div>
<div><u>FOB SW Que 1.66 5.38 211.90N/A</u></div>
<div><u>Track 1.50 5.22 205.60N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.56 1.10 1.15 5.02 197.43</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 1.55 1.10 1.10 4.97 195.46</u></div>
<div><u>Sarn-Eth 1.35 1.30N/A 1.10 5.07 199.70 1.10 4.97 195.46</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 1.55 1.15 1.15 5.02 197.43</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.35* 5.22 205.31</u></div>
<div><u>Cardnl-Ing N/A N/A 1.48 1.25 1.25 5.12 201.37</u></div>
<div><u>W O Feed 1.66 5.39 212.06</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.62 5.34 210.32</u></div>
<div><u>Toledo El. -0.04 3.68 145.01 -0.26 3.61 141.95</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.92 1/2 4.79</u></div>
<div><u>HI SD CRN 0.95 4.81 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2989 down 0.0024</u></div>
<div><u>Chicago soybeans closed moderately higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV18 HI 9.22 1/4 NOV18 HI 9.22 1/4</u></div>
<div><u> LOW 8.88 3/4 LOW 8.88 3/4</u></div>
<div><u> CLOSE9.19 Up 28 CLOSE 9.19 Up 28</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 +NOV1+NOV1+NOV18</u></div>
<div><u>CK Low 2.50 11.69 429.532.64 11.83 434.68</u></div>
<div><u>CK High 2.65 11.84 435.052.70 11.89 436.88</u></div>
<div><u>CK Average 2.58 -0.1311.77 432.292.68 -0.0411.87 436.21</u></div>
<div><u>Essex Cty 2.60 11.79 433.212.70 11.89 436.88</u></div>
<div><u>Mdsx Low 2.58 11.77 432.472.67 11.86 435.78</u></div>
<div><u>Mdsx High 2.60 11.79 433.212.70 11.89 436.88</u></div>
<div><u>Mdsx Average 2.59 -0.1211.78 432.842.69 -0.0311.88 436.33</u></div>
<div><u>Hensall 2.60 11.79 433.212.70 11.89 436.88</u></div>
<div><u>Bruce 2.60 11.79 433.212.70 11.89 436.88</u></div>
<div><u>Putnam 2.60 11.79 433.212.70 11.89 436.88</u></div>
<div><u>Burford 2.62 11.81 433.942.71 11.90 437.25</u></div>
<div><u>Port Perry 2.55 11.74 431.372.64 11.83 434.68</u></div>
<div><u>Norfolk 2.60 11.79 433.212.70 11.89 436.88</u></div>
<div><u>Palmerston 2.55 11.74 431.372.65 11.84 435.05</u></div>
<div><u>Varna 2.60 11.79 433.212.70 11.89 436.88</u></div>
<div><u>Trenton 2.55 11.74 431.372.55 11.74 431.37</u></div>
<div><u>Winchester 2.57 11.76 432.112.70 11.89 436.88</u></div>
<div><u>North Gower 2.30 11.49 422.192.42 11.61 426.59</u></div>
<div><u>Huron FOB 2.70 11.89 436.882.80 11.99 440.56</u></div>
<div><u>Kent FOB 2.70 11.89 436.882.70 11.89 436.88</u></div>
<div><u>Lambton FOB 2.80 11.99 440.562.75 11.94 438.72</u></div>
<div><u>Middlesex FOB2.62 2.68 2.72 N/A 11.81 433.942.72 11.91 437.62</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.01 12.20 448.273.14 12.33 453.05</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 3.00 12.19 447.91</u></div>
<div><u>Prescott 2.00 11.19 411.162.88 12.07 443.50</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.10 9.09 333.86-0.39 8.80 323.38</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2989 down 0.0024</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>SEP18 HI 5.65 JUL19 HI 6.01 1/2</u></div>
<div><u> LOW 5.40 1/2 LOW 5.81 1/4</u></div>
<div><u> CLOSE 5.53 3/4 Up 7 1/4 CLOSE 5.92 1/4 Up 4 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>SEP18 HI 6.14 1/2 SEP19 HI 6.44</u></div>
<div><u> LOW 5.98 LOW 6.38</u></div>
<div><u> CLOSE 6.06 1/4 Up 5 1/4 CLOSE 6.41 3/4 Up 3 3/4</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 1.27 1.46 1.40 0.71</u></div>
<div><u>CAD $/bu 6.80 7.00 6.93 6.77</u></div>
<div><u>CAD $/tonne 249.96 257.12 254.73 248.77</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 1.05 N/A</u></div>
<div><u>London 1.21 1.41 1.08 N/A 1.31 1.31 1.05 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 1.25 1.05 0.55 1.15 1.20 1.00 0.50</u></div>
<div><u>Essex N/A N/A 1.10 N/A N/A N/A 1.05 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 1.20 1.05 N/A N/A 1.20 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 1.05 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 1.15 1.05 0.55 N/A 1.10 1.05 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 0.56 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.40 1.30 0.60 N/A 1.37 1.32 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 1.91 N/A N/A N/A 1.89 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.61US 7.28CA 5.77US 7.49CA</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 1.31 1.37 1.37 0.54</u></div>
<div><u>CAD $/bu 7.23 7.29 7.29 6.96</u></div>
<div><u>CAD $/tonne 265.57 267.95 267.95 255.80</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 532.65</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00</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="LPlnk833548" 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>
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