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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 12</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3017 down 0.0040</u></div>
<div><u>Chicago corn closed higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 4.55 3/4 DEC19 HI 4.60 3/4</u></div>
<div><u> LOW 4.41 3/4 LOW 4.45 1/2</u></div>
<div><u> CLOSE4.54 1/4 Up 10 CLOSE 4.59 1/4 Up 11 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+DEC19+DEC19</u></div>
<div><u>CK Low 1.55 6.09 239.85 1.25 5.84 230.01</u></div>
<div><u>CK High 1.60 6.14 241.82 1.25 5.84 230.01</u></div>
<div><u>CK Avg 1.58 0.16 6.13 241.16 1.25 -0.10 5.84 230.01</u></div>
<div><u>Essex Cty 1.60 6.14 241.82 1.25 5.84 230.01</u></div>
<div><u>Mdsx Low 1.55 6.09 239.85 1.25 5.84 230.01</u></div>
<div><u>Mdsx High 1.60 6.14 241.82 1.25 5.84 230.01</u></div>
<div><u>Mdsx Avg 1.58 0.16 6.12 240.84 1.25 -0.10 5.84 230.01</u></div>
<div><u>Hensall 1.58 6.12 240.84 1.28 5.87 230.99</u></div>
<div><u>Bruce 1.60 6.14 241.82 1.25 5.84 230.01</u></div>
<div><u>Putnam 1.55 6.09 239.85 1.25 5.84 230.01</u></div>
<div><u>Burford 1.60 6.14 241.82 1.25 5.84 230.01</u></div>
<div><u>Port Perry 1.50 6.04 237.88 1.20 5.79 228.04</u></div>
<div><u>Norfolk 1.60 6.14 241.82 1.25 5.84 230.01</u></div>
<div><u>Palmerston 1.45 5.99 235.91 1.25 5.84 230.01</u></div>
<div><u>Varna 1.55 6.09 239.85 1.25 5.84 230.01</u></div>
<div><u>Trenton 1.55 6.09 239.85 1.25 5.84 230.01</u></div>
<div><u>Winchester N/A 1.38 5.97 235.13</u></div>
<div><u>North Gower 1.30 5.84 230.01 1.35 5.94 233.95</u></div>
<div><u>Huron FOB 2.05 6.59 259.54 1.40 5.99 235.91</u></div>
<div><u>Kent FOB 1.85 6.39 251.66 1.30 5.89 231.98</u></div>
<div><u>Lamb FOB 1.95 6.49 255.60 1.30 5.89 231.98</u></div>
<div><u>Mdsx FOB 1.95 1.95N/A N/A 6.49 255.60 1.30 5.89 231.98</u></div>
<div><u>FOB SW Que 2.48 7.02 276.46 1.40 5.99 235.91</u></div>
<div><u>Track 2.05 6.59 259.54N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 2.25 2.26 2.13 1.54 6.13 241.43</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.80N/A N/A</u></div>
<div><u>Aylmer-Eth 2.15 2.25 2.25 2.15 6.69 263.47 1.50 6.09 239.85</u></div>
<div><u>Sarn-Eth N/A N/A 2.00 2.00 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 2.30 2.25 N/A</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.50 6.09 239.85</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.55 1.50 6.09 239.85</u></div>
<div><u>W O Feed 2.29 6.84 269.14</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.60 7.14 281.19</u></div>
<div><u>Toledo El. 0.49 5.04 198.30 0.19 4.79 188.47</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Port ColbornN/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.25 5.84 1/4</u></div>
<div><u>HI SD CRN 1.25 5.84 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 1.3017 down 0.0040</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG19 HI 9.13 3/4 NOV19 HI 9.32 1/4</u></div>
<div><u> LOW 8.95 1/2 LOW 9.13 1/4</u></div>
<div><u> CLOSE9.13 1/4 Up 14 1/4 CLOSE 9.31 1/2 Up 14 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+NOV1+NOV19</u></div>
<div><u>CK Low 2.10 11.23 412.721.95 11.27 413.92</u></div>
<div><u>CK High 2.15 11.28 414.562.00 11.32 415.76</u></div>
<div><u>CK Average 2.14 -0.4711.27 414.191.97 -0.6311.28 414.53</u></div>
<div><u>Essex Cty 2.25 11.38 418.241.95 11.27 413.92</u></div>
<div><u>Mdsx Low 2.09 11.22 412.361.90 11.22 412.08</u></div>
<div><u>Mdsx High 2.15 11.28 414.561.95 11.27 413.92</u></div>
<div><u>Mdsx Average 2.12 -0.4911.25 413.461.93 -0.6611.24 413.00</u></div>
<div><u>Hensall 2.15 11.28 414.561.95 11.27 413.92</u></div>
<div><u>Bruce 2.05 11.18 410.891.85 11.17 410.24</u></div>
<div><u>Putnam 2.15 11.28 414.561.95 11.27 413.92</u></div>
<div><u>Burford 2.14 11.27 414.191.95 11.27 413.92</u></div>
<div><u>Port Perry 2.11 11.24 413.091.92 11.24 412.82</u></div>
<div><u>Norfolk 2.15 11.28 414.561.95 11.27 413.92</u></div>
<div><u>Palmerston 2.05 11.18 410.891.90 11.22 412.08</u></div>
<div><u>Varna 2.15 11.28 414.561.95 11.27 413.92</u></div>
<div><u>Trenton 2.10 11.23 412.721.90 11.22 412.08</u></div>
<div><u>Winchester N/A 1.90 11.22 412.08</u></div>
<div><u>North Gower 2.05 11.18 410.892.00 11.32 415.76</u></div>
<div><u>Huron FOB 2.30 11.43 420.072.05 11.37 417.59</u></div>
<div><u>Kent FOB 2.40 11.53 423.751.95 11.27 413.92</u></div>
<div><u>Lambton FOB 2.25 11.38 418.242.00 11.32 415.76</u></div>
<div><u>Middlesex FOB2.31 2.37 2.28 N/A 11.44 420.442.03 11.35 416.86</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.83 11.96 439.552.30 11.62 426.78</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.65 11.78 432.932.40 11.72 430.45</u></div>
<div><u>Prescott N/A 2.45 11.77 432.29</u></div>
<div><u>Port Colborne N/A 2.34 11.66 428.25</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 8.94 328.39-0.52 8.80 323.17</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3017 down 0.0040</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>SEP19 HI 5.25 3/4 JUL10 HI 5.53 3/4</u></div>
<div><u> LOW 5.16 3/4 LOW 5.46</u></div>
<div><u> CLOSE 5.23 Up 1 1/2 CLOSE 5.53 Up 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>SEP19 HI 5.46 1/2 SEP10 HI 5.92</u></div>
<div><u> LOW 5.37 3/4 LOW 5.92</u></div>
<div><u> CLOSE 5.42 3/4 Up 1 1/2 CLOSE 5.92 Up 4</u></div>
<div><u><br>
</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 1.84 2.10 1.77 1.12</u></div>
<div><u>CAD $/bu 7.07 7.33 7.00 6.54</u></div>
<div><u>CAD $/tonne 259.70 269.27 257.31 240.45</u></div>
<div><u><br>
</u></div>
<div><u><br>
</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 1.69 1.95 1.56 N/A 1.32 1.45 1.12 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 1.65 1.95 1.55 1.20 1.35 1.50 1.10 N/A</u></div>
<div><u>Essex N/A N/A 1.50 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 1.95 1.55 1.20 N/A 1.56 1.16 0.90</u></div>
<div><u>Varna 1.65 1.95 1.55 N/A 1.35 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 1.69 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.95 1.55 0.99 N/A 1.56 1.26 0.75</u></div>
<div><u>W O Feed 2.20</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor 2.03 2.29 1.90 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 1.77 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.48US 7.13CA 5.48US 7.12CA</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 1.40 1.66 1.33 0.86</u></div>
<div><u>CAD $/bu 6.93 7.19 6.86 6.78</u></div>
<div><u>CAD $/tonne 254.48 264.02 252.09 249.22</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 499.14</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
<p></p>
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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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