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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, June 25</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3164 up 0.0000</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 4.53 DEC19 HI 4.63</u></div>
<div><u> LOW 4.46 1/2 LOW 4.56 1/2</u></div>
<div><u> CLOSE4.47 1/2 Up 3/4 CLOSE 4.57 1/2 Up 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 +SEP19+SEP19+DEC19</u></div>
<div><u>CK Low 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>CK High 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>CK Avg 1.40 -0.01 5.88 231.29 1.25 -0.15 5.83 229.32</u></div>
<div><u>Essex Cty 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>Mdsx Low 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>Mdsx High 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>Mdsx Avg 1.40 -0.01 5.88 231.29 1.25 -0.15 5.83 229.32</u></div>
<div><u>Hensall 1.43 5.90 232.27 1.28 5.85 230.30</u></div>
<div><u>Bruce 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>Putnam 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>Burford 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>Port Perry 1.35 5.83 229.32 1.20 5.78 227.35</u></div>
<div><u>Norfolk 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>Palmerston 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>Varna 1.40 5.88 231.29 1.25 5.83 229.32</u></div>
<div><u>Trenton 1.35 5.83 229.32 1.25 5.83 229.32</u></div>
<div><u>Winchester N/A 1.19 5.77 226.96</u></div>
<div><u>North Gower 1.25 5.73 225.38 1.20 5.78 227.35</u></div>
<div><u>Huron FOB 1.70 6.18 243.10 1.25 5.83 229.32</u></div>
<div><u>Kent FOB 1.65 6.13 241.13 1.25 5.83 229.32</u></div>
<div><u>Lamb FOB 1.60 6.08 239.16 1.35 5.93 233.26</u></div>
<div><u>Mdsx FOB 1.65 1.65N/A N/A 6.13 241.13 1.30 5.88 231.29</u></div>
<div><u>FOB SW Que 2.24 6.72 264.36 1.29 5.87 230.89</u></div>
<div><u>Track 1.88 6.35 249.99N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.53 6.11 240.34</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 5.98 235.23</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.40 5.98 235.23</u></div>
<div><u>Cardnl-Ing N/A N/A 1.80 1.80 1.45 6.03 237.19</u></div>
<div><u>W O Feed 2.02 6.50 255.85</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.15 6.63 260.81</u></div>
<div><u>Toledo El. 0.37 4.84 190.68 0.07 4.64 182.70</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.40 5.98235 2/9</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.25 5.82 1/2</u></div>
<div><u>HI SD CRN 1.25 5.82 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 1.3164 up 0.0000</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JUL19 HI 9.17 3/4 NOV19 HI 9.41 1/4</u></div>
<div><u> LOW 9.00 1/2 LOW 9.23 1/4</u></div>
<div><u> CLOSE9.03 1/2 Down 5 1/2 CLOSE 9.26 1/2 Down 6 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 11.14 409.142.00 11.27 413.92</u></div>
<div><u>CK High 2.30 11.34 416.492.20 11.47 421.27</u></div>
<div><u>CK Average 2.27 -0.4511.30 415.272.10 -0.6311.37 417.59</u></div>
<div><u>Essex Cty 2.30 11.34 416.492.10 11.37 417.59</u></div>
<div><u>Mdsx Low 2.25 11.29 414.652.10 11.37 417.59</u></div>
<div><u>Mdsx High 2.30 11.34 416.492.15 11.42 419.43</u></div>
<div><u>Mdsx Average 2.28 -0.4411.31 415.572.13 -0.6111.39 418.51</u></div>
<div><u>Hensall 2.28 11.31 415.572.10 11.37 417.59</u></div>
<div><u>Bruce 2.20 11.24 412.822.05 11.32 415.76</u></div>
<div><u>Putnam 2.30 11.34 416.492.10 11.37 417.59</u></div>
<div><u>Burford 2.30 11.34 416.492.20 11.47 421.27</u></div>
<div><u>Port Perry 2.27 11.31 415.392.17 11.44 420.16</u></div>
<div><u>Norfolk 2.30 11.34 416.492.10 11.37 417.59</u></div>
<div><u>Palmerston 2.15 11.19 410.982.05 11.32 415.76</u></div>
<div><u>Varna 2.25 11.29 414.652.10 11.37 417.59</u></div>
<div><u>Trenton 2.20 11.24 412.822.05 11.32 415.76</u></div>
<div><u>Winchester N/A 1.95 11.22 412.08</u></div>
<div><u>North Gower 2.10 11.14 409.142.10 11.37 417.59</u></div>
<div><u>Huron FOB 2.40 11.44 420.162.20 11.47 421.27</u></div>
<div><u>Kent FOB 2.45 11.49 422.002.10 11.37 417.59</u></div>
<div><u>Lambton FOB 2.45 11.49 422.002.15 11.42 419.43</u></div>
<div><u>Middlesex FOB2.40 2.40 2.38 N/A 11.44 420.162.15 11.42 419.43</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.81 11.85 435.232.36 11.63 427.15</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.80 11.84 434.862.55 11.82 434.13</u></div>
<div><u>Prescott N/A 2.45 11.72 430.45</u></div>
<div><u>Port Colborne N/A 2.47 11.74 431.19</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 8.77 322.31-0.66 8.61 316.25</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3164 up 0.0000</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>JUL19 HI 5.45 1/2 JUL19 HI 5.45 1/2</u></div>
<div><u> LOW 5.34 LOW 5.34</u></div>
<div><u> CLOSE 5.35 3/4 Down 2 1/4 CLOSE 5.35 3/4 Down 2 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>JUL19 HI 5.52 SEP19 HI 5.61 3/4</u></div>
<div><u> LOW 5.43 1/2 LOW 5.53 1/4</u></div>
<div><u> CLOSE 5.48 1/2 Up 5 CLOSE 5.57 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 1.70 1.76 1.56 0.81</u></div>
<div><u>CAD $/bu 7.05 7.12 6.92 6.30</u></div>
<div><u>CAD $/tonne 259.14 261.56 254.30 231.45</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 1.64 2.03 1.57 N/A 1.67 2.00 1.54 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 1.55 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 1.55 N/A</u></div>
<div><u>Brigden N/A N/A 1.55 N/A N/A N/A 1.55 N/A</u></div>
<div><u>Palmerston N/A 1.90 1.50 1.40 N/A 1.89 1.54 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 1.91 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A N/A N/A N/A N/A 2.09 1.69 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 2.03 2.36 1.90 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.89 N/A N/A N/A 1.89 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.61US 7.38CA 5.61US 7.38CA</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 1.96 2.22 1.83 1.24</u></div>
<div><u>CAD $/bu 7.32 7.58 7.18 6.81</u></div>
<div><u>CAD $/tonne 268.81 278.49 263.98 250.07</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 510.38</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
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<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="LPlnk48300" 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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