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<div>Editor's note: The wheat report now quotes 2019 and 2020 crop bids. The coding refers to the July 2020 future as JUL10 and the September 2020 future as SEP10</div>
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<div>Thank you</div>
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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 28</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3066 down 0.0013</u></div>
<div><u>Chicago corn closed sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 4.60 DEC19 HI 4.68</u></div>
<div><u> LOW 4.20 3/4 LOW 4.26</u></div>
<div><u> CLOSE4.24 3/4 Down 21 CLOSE 4.31 1/2 Down 19 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 +SEP19+DEC19+DEC19</u></div>
<div><u>CK Low 1.40 5.65 222.33 1.25 5.57 219.08</u></div>
<div><u>CK High 1.45 5.70 224.30 1.25 5.57 219.08</u></div>
<div><u>CK Avg 1.44 0.11 5.69 223.97 1.25 -0.05 5.57 219.08</u></div>
<div><u>Essex Cty 1.45 5.70 224.30 1.25 5.57 219.08</u></div>
<div><u>Mdsx Low 1.40 5.65 222.33 1.25 5.57 219.08</u></div>
<div><u>Mdsx High 1.45 5.70 224.30 1.25 5.57 219.08</u></div>
<div><u>Mdsx Avg 1.43 0.09 5.67 223.32 1.25 -0.05 5.57 219.08</u></div>
<div><u>Hensall 1.48 5.72 225.28 1.28 5.59 220.07</u></div>
<div><u>Bruce 1.45 5.70 224.30 1.25 5.57 219.08</u></div>
<div><u>Putnam 1.45 5.70 224.30 1.25 5.57 219.08</u></div>
<div><u>Burford 1.45 5.70 224.30 1.25 5.57 219.08</u></div>
<div><u>Port Perry 1.40 5.65 222.33 1.20 5.52 217.12</u></div>
<div><u>Norfolk 1.45 5.70 224.30 1.25 5.57 219.08</u></div>
<div><u>Palmerston 1.35 5.60 220.36 1.25 5.57 219.08</u></div>
<div><u>Varna 1.45 5.70 224.30 1.25 5.57 219.08</u></div>
<div><u>Trenton 1.30 5.55 218.40 1.25 5.57 219.08</u></div>
<div><u>Winchester N/A 1.16 5.48 215.54</u></div>
<div><u>North Gower 1.20 5.45 214.46 1.20 5.52 217.12</u></div>
<div><u>Huron FOB 1.85 6.10 240.05 1.35 5.67 223.02</u></div>
<div><u>Kent FOB 1.70 5.95 234.14 1.25 5.57 219.08</u></div>
<div><u>Lamb FOB 1.85 6.10 240.05 1.35 5.67 223.02</u></div>
<div><u>Mdsx FOB 2.00N/A N/A N/A 6.25 245.95 1.35 5.67 223.02</u></div>
<div><u>FOB SW Que 2.32 6.57 258.55 1.28 5.60 220.27</u></div>
<div><u>Track 1.85 6.10 240.05N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 2.12 1.53 5.85 230.11</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 N/A N/A N/A</u></div>
<div><u>Sarn-Eth N/A 1.70N/A N/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 2.05 2.10 2.05 N/A</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.50 5.82 228.93</u></div>
<div><u>Cardnl-Ing N/A 1.80 1.80 1.85 1.50 5.82 228.93</u></div>
<div><u>W O Feed 2.05 6.30 247.92</u></div>
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</u></div>
<div><u>US Rep 2.15 6.40 251.86</u></div>
<div><u>Toledo El. 0.34 4.59 180.59 0.07 4.38 172.44</u></div>
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</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A 1.40 5.72225</u></div>
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</u></div>
<div><u>MID SD CRN 1.25 5.56 1/2</u></div>
<div><u>HI SD CRN 1.25 5.56 1/2</u></div>
<div><u>*Wet Bid</u></div>
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</u></div>
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</u></div>
<div><u>Exchange rate was 1.3066 down 0.0013</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
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</u></div>
<div><u> AUG19 HI 9.12 NOV19 HI 9.30</u></div>
<div><u> LOW 8.93 LOW 9.11 1/4</u></div>
<div><u> CLOSE9.04 1/2 Up 10 3/4 CLOSE 9.23 Up 10 3/4</u></div>
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</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+NOV1+NOV19</u></div>
<div><u>CK Low 2.02 11.07 406.571.95 11.18 410.79</u></div>
<div><u>CK High 2.10 11.15 409.512.00 11.23 412.63</u></div>
<div><u>CK Average 2.09 -0.5311.13 409.021.97 -0.6511.20 411.65</u></div>
<div><u>Essex Cty 2.10 11.15 409.511.95 11.18 410.79</u></div>
<div><u>Mdsx Low 1.97 11.02 404.731.94 11.17 410.43</u></div>
<div><u>Mdsx High 2.10 11.15 409.511.95 11.18 410.79</u></div>
<div><u>Mdsx Average 2.04 -0.5611.08 407.121.95 -0.6711.18 410.61</u></div>
<div><u>Hensall 2.15 11.20 411.351.98 11.21 411.71</u></div>
<div><u>Bruce 2.05 11.10 407.671.95 11.18 410.79</u></div>
<div><u>Putnam 2.10 11.15 409.511.95 11.18 410.79</u></div>
<div><u>Burford 2.02 11.07 406.571.99 11.22 412.26</u></div>
<div><u>Port Perry 1.99 11.04 405.471.96 11.19 411.16</u></div>
<div><u>Norfolk 2.10 11.15 409.511.95 11.18 410.79</u></div>
<div><u>Palmerston 2.10 11.15 409.512.05 11.28 414.47</u></div>
<div><u>Varna 2.15 11.20 411.351.95 11.18 410.79</u></div>
<div><u>Trenton 2.15 11.20 411.352.05 11.28 414.47</u></div>
<div><u>Winchester N/A 1.90 11.13 408.96</u></div>
<div><u>North Gower 2.05 11.10 407.672.00 11.23 412.63</u></div>
<div><u>Huron FOB 2.30 11.35 416.862.05 11.28 414.47</u></div>
<div><u>Kent FOB 2.25 11.30 415.021.95 11.18 410.79</u></div>
<div><u>Lambton FOB 2.35 11.40 418.692.00 11.23 412.63</u></div>
<div><u>Middlesex FOB2.26 2.37 N/A N/A 11.31 415.392.18 11.41 419.25</u></div>
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</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.59 11.64 427.512.25 11.48 421.82</u></div>
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</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.60 11.65 427.882.40 11.63 427.33</u></div>
<div><u>Prescott N/A 2.45 11.68 429.17</u></div>
<div><u>Port Colborne N/A 2.38 11.61 426.59</u></div>
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</u></div>
<div><u>Toledo El. -0.26 8.78 322.75-0.65 8.58 315.16</u></div>
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</u></div>
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</u></div>
<div><u>Exchange rate was 1.3066 down 0.0013</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>SEP19 HI 5.54 3/4 JUL10 HI 5.66</u></div>
<div><u> LOW 5.22 1/2 LOW 5.43 3/4</u></div>
<div><u> CLOSE 5.27 1/4 Down 19 1/2 CLOSE 5.46 3/4 Down 14</u></div>
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</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>SEP19 HI 5.70 SEP10 HI 6.05</u></div>
<div><u> LOW 5.47 LOW 5.91</u></div>
<div><u> CLOSE 5.54 1/4 Down 7 1/4 CLOSE 5.97 3/4 Down 5 1/2</u></div>
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</u></div>
<div><u>GFO Cash 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 1.88 2.14 1.75 1.18</u></div>
<div><u>CAD $/bu 7.15 7.41 7.02 6.72</u></div>
<div><u>CAD $/tonne 262.73 272.33 257.93 246.89</u></div>
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</u></div>
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</u></div>
<div><u>Direct MarkHarvest 2019 Harvest 2020</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 1.55 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 1.67 2.00 1.54 N/A 0.85 1.37 1.05 N/A</u></div>
<div><u>Hensall 1.65 N/A 1.55 N/A 1.35 N/A 1.15 N/A</u></div>
<div><u>Trenton N/A N/A 1.60 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Bruce 1.60 1.95 1.55 1.20 1.30 1.50 1.10 N/A</u></div>
<div><u>Essex N/A N/A 1.55 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Norwich 1.65 N/A 1.55 N/A 1.35 N/A 1.15 N/A</u></div>
<div><u>Port Hope N/A 1.90 1.60 N/A N/A 1.50 1.15 N/A</u></div>
<div><u>Kent Bridge 1.65 N/A 1.55 N/A 1.35 N/A 1.15 N/A</u></div>
<div><u>Chatham N/A N/A 1.55 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.55 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.85 1.50 1.20 N/A 1.46 1.11 0.90</u></div>
<div><u>Varna 1.65 1.95 1.55 N/A 1.30 1.50 1.10 N/A</u></div>
<div><u>Mitchell 1.65 1.90 1.55 N/A 1.35 1.50 1.15 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.73 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 2.05 1.65 1.10 N/A 1.56 1.26 0.80</u></div>
<div><u>W O Feed 2.21</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor 2.01 2.33 1.87 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.75 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.49US 7.18CA 5.69US 7.43CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.41 1.67 1.34 0.91</u></div>
<div><u>CAD $/bu 6.88 7.14 6.81 6.89</u></div>
<div><u>CAD $/tonne 252.69 262.28 250.29 253.17</u></div>
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</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 508.50</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00 - 200.00</u></div>
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</u></div>
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<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><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>
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