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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3056 up 0.0024</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 4.40 3/4 DEC19 HI 4.47 1/4</u></div>
<div><u> LOW 4.29 LOW 4.35 1/2</u></div>
<div><u> CLOSE4.35 1/4 Down 5 3/4 CLOSE 4.41 1/4 Down 5 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+DEC19+DEC19</u></div>
<div><u>CK Low 1.60 5.95 234.34 1.25 5.66 222.92</u></div>
<div><u>CK High 1.70 6.05 238.28 1.25 5.66 222.92</u></div>
<div><u>CK Avg 1.68 0.27 6.04 237.62 1.25 -0.07 5.66 222.92</u></div>
<div><u>Essex Cty 1.70 6.05 238.28 1.25 5.66 222.92</u></div>
<div><u>Mdsx Low 1.60 5.95 234.34 1.25 5.66 222.92</u></div>
<div><u>Mdsx High 1.70 6.05 238.28 1.25 5.66 222.92</u></div>
<div><u>Mdsx Avg 1.65 0.25 6.00 236.31 1.25 -0.07 5.66 222.92</u></div>
<div><u>Hensall 1.65 6.00 236.31 1.28 5.69 223.91</u></div>
<div><u>Bruce 1.70 6.05 238.28 1.25 5.66 222.92</u></div>
<div><u>Putnam 1.70 6.05 238.28 1.25 5.66 222.92</u></div>
<div><u>Burford 1.60 5.95 234.34 1.25 5.66 222.92</u></div>
<div><u>Port Perry 1.50 5.85 230.40 1.20 5.61 220.95</u></div>
<div><u>Norfolk 1.70 6.05 238.28 1.25 5.66 222.92</u></div>
<div><u>Palmerston 1.60 5.95 234.34 1.25 5.66 222.92</u></div>
<div><u>Varna 1.55 5.90 232.37 1.25 5.66 222.92</u></div>
<div><u>Trenton 1.55 5.90 232.37 1.25 5.66 222.92</u></div>
<div><u>Winchester N/A 1.23 5.64 222.14</u></div>
<div><u>North Gower 1.30 5.65 222.53 1.35 5.76 226.86</u></div>
<div><u>Huron FOB 1.98 6.33 249.30 1.36 5.77 227.25</u></div>
<div><u>Kent FOB 1.95 6.30 248.12 1.30 5.71 224.89</u></div>
<div><u>Lamb FOB 1.95 6.30 248.12 1.30 5.71 224.89</u></div>
<div><u>Mdsx FOB 1.95 1.95N/A N/A 6.30 248.12 1.30 5.71 224.89</u></div>
<div><u>FOB SW Que 2.41 6.76 266.23 1.39 5.80 228.43</u></div>
<div><u>Track 2.05 6.40 252.06N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 2.34 2.36 2.36 1.53 5.94 233.95</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 2.20 2.30 2.30 2.15 6.55 257.96 1.50 5.91 232.76</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 N/A 2.40 N/A</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.50 5.91 232.76</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.55 1.50 5.91 232.76</u></div>
<div><u>W O Feed 2.28 6.63 260.95</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.54 6.89 271.35</u></div>
<div><u>Toledo El. 0.50 4.85 190.88 0.20 4.61 181.42</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 5.66 1/4</u></div>
<div><u>HI SD CRN 1.25 5.66 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 1.3056 up 0.0024</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> AUG19 HI 9.00 NOV19 HI 9.18 1/4</u></div>
<div><u> LOW 8.85 LOW 9.02 1/2</u></div>
<div><u> CLOSE8.87 3/4 Down 14 CLOSE 9.06 Down 14</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 2.13 11.01 404.461.90 10.96 402.71</u></div>
<div><u>CK High 2.20 11.08 407.032.00 11.06 406.39</u></div>
<div><u>CK Average 2.16 -0.4211.04 405.681.95 -0.6211.01 404.67</u></div>
<div><u>Essex Cty 2.25 11.13 408.871.90 10.96 402.71</u></div>
<div><u>Mdsx Low 2.08 10.96 402.621.87 10.93 401.61</u></div>
<div><u>Mdsx High 2.20 11.08 407.031.95 11.01 404.55</u></div>
<div><u>Mdsx Average 2.14 -0.4411.02 404.821.91 -0.6510.97 403.08</u></div>
<div><u>Hensall 2.20 11.08 407.031.95 11.01 404.55</u></div>
<div><u>Bruce 2.15 11.03 405.191.90 10.96 402.71</u></div>
<div><u>Putnam 2.20 11.08 407.031.95 11.01 404.55</u></div>
<div><u>Burford 2.13 11.01 404.461.92 10.98 403.45</u></div>
<div><u>Port Perry 2.10 10.98 403.351.89 10.95 402.34</u></div>
<div><u>Norfolk 2.15 11.03 405.191.90 10.96 402.71</u></div>
<div><u>Palmerston 2.20 11.08 407.031.90 10.96 402.71</u></div>
<div><u>Varna 2.20 11.08 407.031.95 11.01 404.55</u></div>
<div><u>Trenton 2.10 10.98 403.351.90 10.96 402.71</u></div>
<div><u>Winchester N/A 1.87 10.93 401.61</u></div>
<div><u>North Gower 2.05 10.93 401.522.00 11.06 406.39</u></div>
<div><u>Huron FOB 2.30 11.18 410.702.05 11.11 408.22</u></div>
<div><u>Kent FOB 2.35 11.23 412.541.90 10.96 402.71</u></div>
<div><u>Lambton FOB 2.25 11.13 408.872.00 11.06 406.39</u></div>
<div><u>Middlesex FOB2.29 2.36 2.24 N/A 11.17 410.342.00 11.06 406.39</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.80 11.68 429.072.27 11.33 416.31</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.65 11.53 423.562.35 11.41 419.25</u></div>
<div><u>Prescott N/A 2.45 11.51 422.92</u></div>
<div><u>Port Colborne N/A 2.31 11.37 417.78</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.07 8.81 323.79-0.52 8.54 313.72</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3056 up 0.0024</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>SEP19 HI 5.10 JUL10 HI 5.40 1/2</u></div>
<div><u> LOW 5.01 LOW 5.33 1/4</u></div>
<div><u> CLOSE 5.07 1/2 Down 1/4 CLOSE 5.38 1/4 Down 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>SEP19 HI 5.34 1/4 SEP10 HI 5.78 1/2</u></div>
<div><u> LOW 5.29 3/4 LOW 5.78 1/2</u></div>
<div><u> CLOSE 5.30 1/4 Down 2 1/4 CLOSE 5.78 1/2 Down 1 3/4</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 2.01 2.27 1.94 1.23</u></div>
<div><u>CAD $/bu 7.08 7.34 7.02 6.53</u></div>
<div><u>CAD $/tonne 260.24 269.84 257.85 239.98</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 1.65 1.91 1.53 N/A 1.28 1.41 1.08 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 1.10 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 1.65 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 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.55 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Palmerston N/A 1.95 1.55 1.20 N/A 1.57 1.19 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 1.62 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.95 1.55 0.99 N/A 1.57 1.27 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 1.98 2.24 1.85 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 1.81 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.33US 6.95CA 5.33US 6.96CA</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 1.58 1.84 1.51 0.98</u></div>
<div><u>CAD $/bu 6.96 7.22 6.89 6.77</u></div>
<div><u>CAD $/tonne 255.69 265.28 253.29 248.62</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 488.77</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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</u></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>
<span style="background:#FDFDFD">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500" id="LPlnk490810" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
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background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
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