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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, June 24</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3164 down 0.0023</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 4.47 3/4 DEC19 HI 4.59 1/2</u></div>
<div><u> LOW 4.40 1/4 LOW 4.52 3/4</u></div>
<div><u> CLOSE4.46 3/4 Up 4 1/2 CLOSE 4.57 1/4 Up 3 3/4</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 +SEP19+SEP19+DEC19</u></div>
<div><u>CK Low 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>CK High 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>CK Avg 1.40 -0.01 5.87 230.99 1.25 -0.15 5.82 229.22</u></div>
<div><u>Essex Cty 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>Mdsx Low 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>Mdsx High 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>Mdsx Avg 1.40 -0.01 5.87 230.99 1.25 -0.15 5.82 229.22</u></div>
<div><u>Hensall 1.43 5.89 231.98 1.28 5.85 230.21</u></div>
<div><u>Bruce 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>Putnam 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>Burford 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>Port Perry 1.35 5.82 229.02 1.20 5.77 227.25</u></div>
<div><u>Norfolk 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>Palmerston 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>Varna 1.40 5.87 230.99 1.25 5.82 229.22</u></div>
<div><u>Trenton 1.35 5.82 229.02 1.25 5.82 229.22</u></div>
<div><u>Winchester N/A 1.19 5.76 226.86</u></div>
<div><u>North Gower 1.25 5.72 225.09 1.20 5.77 227.25</u></div>
<div><u>Huron FOB 1.70 6.17 242.80 1.25 5.82 229.22</u></div>
<div><u>Kent FOB 1.65 6.12 240.84 1.25 5.82 229.22</u></div>
<div><u>Lamb FOB 1.60 6.07 238.87 1.35 5.92 233.16</u></div>
<div><u>Mdsx FOB 1.65 1.65N/A N/A 6.12 240.84 1.30 5.87 231.19</u></div>
<div><u>FOB SW Que 2.29 6.76 266.03 1.36 5.93 233.55</u></div>
<div><u>Track 1.88 6.34 249.69N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.53 6.10 240.24</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.93 N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Sarn-Eth N/A 1.70 1.70N/A N/A</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 1.95 2.00 1.40 5.97 235.13</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.40 5.97 235.13</u></div>
<div><u>Cardnl-Ing N/A N/A 1.80 1.80 1.45 6.02 237.10</u></div>
<div><u>W O Feed 2.02 6.49 255.56</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.15 6.62 260.52</u></div>
<div><u>Toledo El. 0.33 4.80 188.83 0.07 4.64 182.60</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.40 5.97235 1/8</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.25 5.82 1/4</u></div>
<div><u>HI SD CRN 1.25 5.82 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 down 0.0023</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 9.11 1/4 NOV19 HI 9.35 3/4</u></div>
<div><u> LOW 8.99 1/2 LOW 9.24 1/2</u></div>
<div><u> CLOSE9.09 Up 6 1/4 CLOSE 9.32 3/4 Up 5 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 +JUL1+AUG1+NOV19</u></div>
<div><u>CK Low 2.10 11.19 411.161.95 11.28 414.38</u></div>
<div><u>CK High 2.30 11.39 418.512.10 11.43 419.89</u></div>
<div><u>CK Average 2.24 -0.4811.33 416.242.07 -0.6711.40 418.73</u></div>
<div><u>Essex Cty 2.30 11.39 418.512.10 11.43 419.89</u></div>
<div><u>Mdsx Low 2.08 11.17 410.432.01 11.34 416.58</u></div>
<div><u>Mdsx High 2.30 11.39 418.512.10 11.43 419.89</u></div>
<div><u>Mdsx Average 2.19 -0.5211.28 414.472.06 -0.6811.38 418.24</u></div>
<div><u>Hensall 2.28 11.37 417.592.10 11.43 419.89</u></div>
<div><u>Bruce 2.20 11.29 414.842.05 11.38 418.05</u></div>
<div><u>Putnam 2.30 11.39 418.512.10 11.43 419.89</u></div>
<div><u>Burford 2.13 11.22 412.262.06 11.39 418.42</u></div>
<div><u>Port Perry 2.10 11.19 411.162.03 11.36 417.32</u></div>
<div><u>Norfolk 2.30 11.39 418.512.10 11.43 419.89</u></div>
<div><u>Palmerston 2.15 11.24 413.002.05 11.38 418.05</u></div>
<div><u>Varna 2.25 11.34 416.672.10 11.43 419.89</u></div>
<div><u>Trenton 2.20 11.29 414.842.05 11.38 418.05</u></div>
<div><u>Winchester N/A 1.95 11.28 414.38</u></div>
<div><u>North Gower 2.10 11.19 411.162.10 11.43 419.89</u></div>
<div><u>Huron FOB 2.40 11.49 422.192.20 11.53 423.56</u></div>
<div><u>Kent FOB 2.45 11.54 424.022.10 11.43 419.89</u></div>
<div><u>Lambton FOB 2.45 11.54 424.022.15 11.48 421.73</u></div>
<div><u>Middlesex FOB2.35 2.35 2.37 N/A 11.44 420.352.13 11.46 420.99</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.83 11.92 437.992.37 11.70 429.81</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.80 11.89 436.882.55 11.88 436.42</u></div>
<div><u>Prescott N/A 2.45 11.78 432.75</u></div>
<div><u>Port Colborne N/A 2.51 11.84 434.95</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 8.83 324.33-0.66 8.67 318.54</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3164 down 0.0023</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>JUL19 HI 5.40 JUL19 HI 5.40</u></div>
<div><u> LOW 5.22 1/4 LOW 5.22 1/4</u></div>
<div><u> CLOSE 5.38 Up 12 CLOSE 5.38 Up 12</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>JUL19 HI 5.45 SEP19 HI 5.54 1/2</u></div>
<div><u> LOW 5.35 LOW 5.42 1/2</u></div>
<div><u> CLOSE 5.43 1/2 Up 7 1/2 CLOSE 5.53 1/4 Up 9 1/4</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 1.70 1.77 1.57 0.80</u></div>
<div><u>CAD $/bu 7.08 7.15 6.95 6.23</u></div>
<div><u>CAD $/tonne 260.23 262.65 255.39 229.03</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 N/A N/A N/A N/A 1.55 N/A</u></div>
<div><u>London 1.63 2.02 1.56 N/A 1.68 2.01 1.55 N/A</u></div>
<div><u>Hensall 1.65 N/A 1.55 N/A 1.65 N/A 1.55 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.60 N/A</u></div>
<div><u>Bruce 1.60 1.95 1.55 N/A 1.55 1.90 1.50 1.20</u></div>
<div><u>Essex N/A N/A 1.55 N/A N/A N/A 1.50 N/A</u></div>
<div><u>Norwich 1.65 N/A 1.55 N/A 1.65 N/A 1.55 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A 1.90 1.60 N/A</u></div>
<div><u>Kent Bridge 1.65 N/A 1.55 N/A 1.65 N/A 1.55 N/A</u></div>
<div><u>Chatham N/A N/A 1.55 N/A N/A N/A 1.50 N/A</u></div>
<div><u>Brigden N/A N/A 1.55 N/A N/A N/A 1.50 N/A</u></div>
<div><u>Palmerston N/A 1.90 1.50 1.40 N/A 1.90 1.55 1.20</u></div>
<div><u>Varna 1.75 1.95 1.55 N/A 1.60 1.90 1.50 N/A</u></div>
<div><u>Mitchell 1.65 1.90 1.55 N/A 1.65 1.90 1.55 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.98 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A N/A N/A N/A N/A 2.10 1.70 1.10</u></div>
<div><u>W O Feed 2.27</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A N/A N/A 2.02 2.35 1.89 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.90 N/A N/A N/A 1.90 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.63US 7.41CA 5.63US 7.41CA</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 1.97 2.23 1.83 1.22</u></div>
<div><u>CAD $/bu 7.35 7.61 7.21 6.76</u></div>
<div><u>CAD $/tonne 269.90 279.57 265.06 248.26</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 512.47</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00</u></div>
<div><u><br>
</u></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);"><br>
</span></p>
<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="LPlnk902482" 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="LPlnk484227" 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>
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