FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 18 (All Bases in CAD) Exchange rate was 1.3035 up 0.0001 Chicago corn closed lower. SEP19 HI 4.36 DEC19 HI 4.41 LOW 4.23 1/4 LOW 4.28 CLOSE4.24 1/2 Down 11 1/2 CLOSE 4.29 3/4 Down 11 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +SEP19+DEC19+DEC19 CK Low 1.70 5.95 234.04 1.25 5.55 218.40 CK High 1.95 6.20 243.89 1.25 5.55 218.40 CK Avg 1.76 0.36 6.00 236.34 1.25 -0.04 5.55 218.40 Essex Cty 1.95 6.20 243.89 1.25 5.55 218.40 Mdsx Low 1.70 5.95 234.04 1.25 5.55 218.40 Mdsx High 1.70 5.95 234.04 1.25 5.55 218.40 Mdsx Avg 1.70 0.32 5.95 234.04 1.25 -0.04 5.55 218.40 Hensall 1.75 6.00 236.01 1.28 5.57 219.38 Bruce 1.75 6.00 236.01 1.25 5.55 218.40 Putnam 1.70 5.95 234.04 1.25 5.55 218.40 Burford 1.70 5.95 234.04 1.25 5.55 218.40 Port Perry 1.60 5.85 230.11 1.20 5.50 216.43 Norfolk 1.95 6.20 243.89 1.25 5.55 218.40 Palmerston 1.60 5.85 230.11 1.25 5.55 218.40 Varna 1.75 6.00 236.01 1.25 5.55 218.40 Trenton 1.55 5.80 228.14 1.25 5.55 218.40 Winchester N/A 1.21 5.51 216.82 North Gower 1.40 5.65 222.23 1.35 5.65 222.33 Huron FOB 1.98 6.23 245.07 1.38 5.68 223.51 Kent FOB 2.10 6.35 249.79 1.30 5.60 220.36 Lamb FOB 2.00 6.25 245.85 1.30 5.60 220.36 Mdsx FOB 1.95 1.95N/A N/A 6.20 243.89 1.30 5.60 220.36 FOB SW Que 2.44 6.69 263.18 1.30 5.60 220.36 Track 2.05 6.30 247.82N/A PROCESSORS Chat-Eth N/A 2.34 2.36 2.36 1.53 5.83 229.42 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A 2.30 2.30 2.10 1.50 5.80 228.24 Sarn-Eth N/A N/A 2.00 2.00 N/A Kawartha N/A N/A N/A N/A N/A London-Ing N/A N/A N/A 2.40 1.65 5.95 234.14 Pt.Colb-Ing N/A N/A N/A N/A 1.50 5.80 228.24 Cardnl-Ing N/A N/A N/A 1.55 1.50 5.80 228.24 W O Feed 2.28 6.52 256.72 US Rep 2.54 6.79 267.11 Toledo El. 0.50 4.74 186.62 0.20 4.49 176.87 TRANSFER Port ColbornN/A N/A MID SD CRN 1.25 5.54 3/4 HI SD CRN 1.25 5.54 3/4 *Wet Bid Exchange rate was 1.3035 up 0.0001 Chicago soybeans closed narrowly mixed. AUG19 HI 8.85 3/4 NOV19 HI 9.03 1/2 LOW 8.75 1/2 LOW 8.93 CLOSE8.81 1/4 Down 1 1/4 CLOSE 8.99 Down 1 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV19 CK Low 2.10 10.91 400.971.90 10.89 400.14 CK High 2.15 10.96 402.802.00 10.99 403.81 CK Average 2.14 -0.4110.95 402.251.94 -0.6010.93 401.43 Essex Cty 2.25 11.06 406.481.90 10.89 400.14 Mdsx Low 2.06 10.87 399.501.86 10.85 398.67 Mdsx High 2.15 10.96 402.801.90 10.89 400.14 Mdsx Average 2.11 -0.4410.92 401.151.88 -0.6410.87 399.40 Hensall 2.15 10.96 402.801.90 10.89 400.14 Bruce 2.10 10.91 400.971.85 10.84 398.30 Putnam 2.15 10.96 402.801.90 10.89 400.14 Burford 2.11 10.92 401.331.91 10.90 400.51 Port Perry 2.08 10.89 400.231.88 10.87 399.40 Norfolk 2.15 10.96 402.801.90 10.89 400.14 Palmerston 2.20 11.01 404.641.95 10.94 401.98 Varna 2.15 10.96 402.801.90 10.89 400.14 Trenton 2.10 10.91 400.971.90 10.89 400.14 Winchester N/A 1.83 10.82 397.57 North Gower 2.05 10.86 399.132.00 10.99 403.81 Huron FOB 2.25 11.06 406.482.00 10.99 403.81 Kent FOB 2.35 11.16 410.151.90 10.89 400.14 Lambton FOB 2.25 11.06 406.482.00 10.99 403.81 Middlesex FOB2.27 2.34 2.23 N/A 11.08 407.211.99 10.98 403.45 PROCESSORS Windsor 2.71 11.52 423.382.31 11.30 415.20 TRANSFER Hamilton 2.65 11.46 421.172.35 11.34 416.67 Prescott N/A 2.45 11.44 420.35 Port Colborne N/A 2.30 11.29 414.84 Toledo El. -0.07 8.75 321.41-0.52 8.47 311.19 Exchange rate was 1.3035 up 0.0001 Chicago wheat closed moderately lower to lower. SEP19 HI 5.05 1/4 JUL10 HI 5.33 1/2 LOW 4.93 LOW 5.23 1/2 CLOSE 4.93 1/2 Down 12 CLOSE 5.24 1/4 Down 11 Minni wheat closed slightly lower. SEP19 HI 5.29 1/4 SEP10 HI 5.75 1/2 LOW 5.25 1/4 LOW 5.75 1/4 CLOSE 5.25 1/2 Down 2 1/4 CLOSE 5.75 1/2 Down 2 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.95 2.21 1.89 1.20 CAD $/bu 6.89 7.15 6.82 6.46 CAD $/tonne 253.13 262.71 250.74 237.33 Direct MarkHarvest 2019 Harvest 2020 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A 1.60 N/A N/A N/A 1.15 N/A London 1.64 1.90 1.51 N/A 1.28 1.41 1.08 N/A Hensall 1.70 N/A 1.60 N/A 1.35 N/A 1.15 N/A Trenton N/A N/A 1.60 N/A N/A N/A 1.15 N/A Bruce 1.65 1.95 1.60 1.20 1.35 1.50 1.15 N/A Essex N/A N/A 1.50 N/A N/A N/A 1.10 N/A Norwich 1.70 N/A 1.60 N/A 1.35 N/A 1.15 N/A Port Hope N/A 1.90 1.65 N/A N/A 1.50 1.15 N/A Kent Bridge 1.70 N/A 1.60 N/A 1.35 N/A 1.15 N/A Chatham N/A N/A 1.55 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.55 N/A N/A N/A 1.10 N/A Palmerston N/A 1.95 1.55 1.20 N/A 1.57 1.17 0.90 Varna 1.65 1.95 1.55 N/A 1.35 1.50 1.10 N/A Mitchell 1.70 1.90 1.60 N/A 1.35 1.50 1.15 N/A Thornton N/A N/A N/A 1.53 N/A N/A N/A N/A North Gower N/A 1.80 1.70 1.05 N/A 1.47 1.37 N/A W O Feed 2.20 TERMINAL Port Colbor 1.98 2.24 1.85 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 1.76 N/A N/A N/A N/A N/A Toledo El. 5.19US 6.76CA 5.19US 6.76CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.52 1.78 1.45 0.96 CAD $/bu 6.76 7.02 6.70 6.71 CAD $/tonne 248.41 257.98 246.02 246.62 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 487.23 DDG's FOB Srn & Aylm 190.00