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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 18</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3035 up 0.0001</u></div>
<div><u>Chicago corn closed lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 4.36 DEC19 HI 4.41</u></div>
<div><u> LOW 4.23 1/4 LOW 4.28</u></div>
<div><u> CLOSE4.24 1/2 Down 11 1/2 CLOSE 4.29 3/4 Down 11 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 1.70 5.95 234.04 1.25 5.55 218.40</u></div>
<div><u>CK High 1.95 6.20 243.89 1.25 5.55 218.40</u></div>
<div><u>CK Avg 1.76 0.36 6.00 236.34 1.25 -0.04 5.55 218.40</u></div>
<div><u>Essex Cty 1.95 6.20 243.89 1.25 5.55 218.40</u></div>
<div><u>Mdsx Low 1.70 5.95 234.04 1.25 5.55 218.40</u></div>
<div><u>Mdsx High 1.70 5.95 234.04 1.25 5.55 218.40</u></div>
<div><u>Mdsx Avg 1.70 0.32 5.95 234.04 1.25 -0.04 5.55 218.40</u></div>
<div><u>Hensall 1.75 6.00 236.01 1.28 5.57 219.38</u></div>
<div><u>Bruce 1.75 6.00 236.01 1.25 5.55 218.40</u></div>
<div><u>Putnam 1.70 5.95 234.04 1.25 5.55 218.40</u></div>
<div><u>Burford 1.70 5.95 234.04 1.25 5.55 218.40</u></div>
<div><u>Port Perry 1.60 5.85 230.11 1.20 5.50 216.43</u></div>
<div><u>Norfolk 1.95 6.20 243.89 1.25 5.55 218.40</u></div>
<div><u>Palmerston 1.60 5.85 230.11 1.25 5.55 218.40</u></div>
<div><u>Varna 1.75 6.00 236.01 1.25 5.55 218.40</u></div>
<div><u>Trenton 1.55 5.80 228.14 1.25 5.55 218.40</u></div>
<div><u>Winchester N/A 1.21 5.51 216.82</u></div>
<div><u>North Gower 1.40 5.65 222.23 1.35 5.65 222.33</u></div>
<div><u>Huron FOB 1.98 6.23 245.07 1.38 5.68 223.51</u></div>
<div><u>Kent FOB 2.10 6.35 249.79 1.30 5.60 220.36</u></div>
<div><u>Lamb FOB 2.00 6.25 245.85 1.30 5.60 220.36</u></div>
<div><u>Mdsx FOB 1.95 1.95N/A N/A 6.20 243.89 1.30 5.60 220.36</u></div>
<div><u>FOB SW Que 2.44 6.69 263.18 1.30 5.60 220.36</u></div>
<div><u>Track 2.05 6.30 247.82N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 2.34 2.36 2.36 1.53 5.83 229.42</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 2.30 2.30 2.10 1.50 5.80 228.24</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 1.65 5.95 234.14</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.50 5.80 228.24</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.55 1.50 5.80 228.24</u></div>
<div><u>W O Feed 2.28 6.52 256.72</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.54 6.79 267.11</u></div>
<div><u>Toledo El. 0.50 4.74 186.62 0.20 4.49 176.87</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 5.54 3/4</u></div>
<div><u>HI SD CRN 1.25 5.54 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3035 up 0.0001</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> AUG19 HI 8.85 3/4 NOV19 HI 9.03 1/2</u></div>
<div><u> LOW 8.75 1/2 LOW 8.93</u></div>
<div><u> CLOSE8.81 1/4 Down 1 1/4 CLOSE 8.99 Down 1 1/2</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 10.91 400.971.90 10.89 400.14</u></div>
<div><u>CK High 2.15 10.96 402.802.00 10.99 403.81</u></div>
<div><u>CK Average 2.14 -0.4110.95 402.251.94 -0.6010.93 401.43</u></div>
<div><u>Essex Cty 2.25 11.06 406.481.90 10.89 400.14</u></div>
<div><u>Mdsx Low 2.06 10.87 399.501.86 10.85 398.67</u></div>
<div><u>Mdsx High 2.15 10.96 402.801.90 10.89 400.14</u></div>
<div><u>Mdsx Average 2.11 -0.4410.92 401.151.88 -0.6410.87 399.40</u></div>
<div><u>Hensall 2.15 10.96 402.801.90 10.89 400.14</u></div>
<div><u>Bruce 2.10 10.91 400.971.85 10.84 398.30</u></div>
<div><u>Putnam 2.15 10.96 402.801.90 10.89 400.14</u></div>
<div><u>Burford 2.11 10.92 401.331.91 10.90 400.51</u></div>
<div><u>Port Perry 2.08 10.89 400.231.88 10.87 399.40</u></div>
<div><u>Norfolk 2.15 10.96 402.801.90 10.89 400.14</u></div>
<div><u>Palmerston 2.20 11.01 404.641.95 10.94 401.98</u></div>
<div><u>Varna 2.15 10.96 402.801.90 10.89 400.14</u></div>
<div><u>Trenton 2.10 10.91 400.971.90 10.89 400.14</u></div>
<div><u>Winchester N/A 1.83 10.82 397.57</u></div>
<div><u>North Gower 2.05 10.86 399.132.00 10.99 403.81</u></div>
<div><u>Huron FOB 2.25 11.06 406.482.00 10.99 403.81</u></div>
<div><u>Kent FOB 2.35 11.16 410.151.90 10.89 400.14</u></div>
<div><u>Lambton FOB 2.25 11.06 406.482.00 10.99 403.81</u></div>
<div><u>Middlesex FOB2.27 2.34 2.23 N/A 11.08 407.211.99 10.98 403.45</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.71 11.52 423.382.31 11.30 415.20</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.65 11.46 421.172.35 11.34 416.67</u></div>
<div><u>Prescott N/A 2.45 11.44 420.35</u></div>
<div><u>Port Colborne N/A 2.30 11.29 414.84</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.07 8.75 321.41-0.52 8.47 311.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3035 up 0.0001</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>SEP19 HI 5.05 1/4 JUL10 HI 5.33 1/2</u></div>
<div><u> LOW 4.93 LOW 5.23 1/2</u></div>
<div><u> CLOSE 4.93 1/2 Down 12 CLOSE 5.24 1/4 Down 11</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>SEP19 HI 5.29 1/4 SEP10 HI 5.75 1/2</u></div>
<div><u> LOW 5.25 1/4 LOW 5.75 1/4</u></div>
<div><u> CLOSE 5.25 1/2 Down 2 1/4 CLOSE 5.75 1/2 Down 2 1/2</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 1.95 2.21 1.89 1.20</u></div>
<div><u>CAD $/bu 6.89 7.15 6.82 6.46</u></div>
<div><u>CAD $/tonne 253.13 262.71 250.74 237.33</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 1.60 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 1.64 1.90 1.51 N/A 1.28 1.41 1.08 N/A</u></div>
<div><u>Hensall 1.70 N/A 1.60 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 1.60 1.20 1.35 1.50 1.15 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 1.70 N/A 1.60 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 1.70 N/A 1.60 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 1.17 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 1.70 1.90 1.60 N/A 1.35 1.50 1.15 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.53 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.80 1.70 1.05 N/A 1.47 1.37 N/A</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 1.76 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.19US 6.76CA 5.19US 6.76CA</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 1.52 1.78 1.45 0.96</u></div>
<div><u>CAD $/bu 6.76 7.02 6.70 6.71</u></div>
<div><u>CAD $/tonne 248.41 257.98 246.02 246.62</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 487.23</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"><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="LPlnk257249" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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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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