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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 22</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3096 up 0.0038</u></div>
<div><u>Chicago corn closed lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 4.32 1/4 DEC19 HI 4.37</u></div>
<div><u> LOW 4.21 LOW 4.25 1/2</u></div>
<div><u> CLOSE4.22 1/4 Down 8 1/2 CLOSE 4.26 3/4 Down 9</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 1.80 6.02 237.10 1.25 5.52 217.21</u></div>
<div><u>CK High 1.95 6.17 243.00 1.25 5.52 217.21</u></div>
<div><u>CK Avg 1.84 0.41 6.06 238.74 1.25 -0.05 5.52 217.21</u></div>
<div><u>Essex Cty 1.95 6.17 243.00 1.25 5.52 217.21</u></div>
<div><u>Mdsx Low 1.80 6.02 237.10 1.25 5.52 217.21</u></div>
<div><u>Mdsx High 1.80 6.02 237.10 1.25 5.52 217.21</u></div>
<div><u>Mdsx Avg 1.80 0.38 6.02 237.10 1.25 -0.05 5.52 217.21</u></div>
<div><u>Hensall 1.80 6.02 237.10 1.28 5.54 218.20</u></div>
<div><u>Bruce 1.75 5.97 235.13 1.25 5.52 217.21</u></div>
<div><u>Putnam 1.80 6.02 237.10 1.25 5.52 217.21</u></div>
<div><u>Burford 1.80 6.02 237.10 1.25 5.52 217.21</u></div>
<div><u>Port Perry 1.80 6.02 237.10 1.20 5.47 215.25</u></div>
<div><u>Norfolk 1.95 6.17 243.00 1.25 5.52 217.21</u></div>
<div><u>Palmerston 1.60 5.82 229.22 1.25 5.52 217.21</u></div>
<div><u>Varna 1.75 5.97 235.13 1.25 5.52 217.21</u></div>
<div><u>Trenton 1.80 6.02 237.10 1.25 5.52 217.21</u></div>
<div><u>Winchester N/A 1.21 5.48 215.64</u></div>
<div><u>North Gower 1.40 5.62 221.35 1.40 5.67 223.12</u></div>
<div><u>Huron FOB 1.98 6.20 244.18 1.38 5.65 222.33</u></div>
<div><u>Kent FOB 2.10 6.32 248.91 1.30 5.57 219.18</u></div>
<div><u>Lamb FOB 2.00 6.22 244.97 1.30 5.57 219.18</u></div>
<div><u>Mdsx FOB 2.05 2.05N/A N/A 6.27 246.94 1.30 5.57 219.18</u></div>
<div><u>FOB SW Que 2.57 6.79 267.41 1.28 5.55 218.40</u></div>
<div><u>Track 2.05 6.27 246.94N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 2.34 2.36 2.36 1.53 5.80 228.24</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 2.30 1.50 5.77 227.06</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 1.60 5.87 230.99</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.55 1.50 5.77 227.06</u></div>
<div><u>W O Feed 2.26 6.49 255.36</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.54 6.76 266.23</u></div>
<div><u>Toledo El. 0.50 4.72 185.82 0.20 4.46 175.72</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 5.51 3/4</u></div>
<div><u>HI SD CRN 1.25 5.51 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 1.3096 up 0.0038</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> AUG19 HI 9.04 1/4 NOV19 HI 9.22</u></div>
<div><u> LOW 8.87 1/2 LOW 9.05</u></div>
<div><u> CLOSE8.88 1/4 Down 13 1/4 CLOSE 9.05 3/4 Down 13 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 2.15 11.03 405.371.90 10.96 402.62</u></div>
<div><u>CK High 2.20 11.08 407.212.00 11.06 406.29</u></div>
<div><u>CK Average 2.18 -0.4311.06 406.541.96 -0.6311.01 404.70</u></div>
<div><u>Essex Cty 2.30 11.18 410.891.95 11.01 404.46</u></div>
<div><u>Mdsx Low 2.14 11.02 405.011.90 10.96 402.62</u></div>
<div><u>Mdsx High 2.15 11.03 405.371.94 11.00 404.09</u></div>
<div><u>Mdsx Average 2.15 -0.4611.03 405.191.92 -0.6610.98 403.35</u></div>
<div><u>Hensall 2.18 11.06 406.291.93 10.98 403.54</u></div>
<div><u>Bruce 2.10 10.98 403.541.85 10.91 400.78</u></div>
<div><u>Putnam 2.15 11.03 405.371.90 10.96 402.62</u></div>
<div><u>Burford 2.19 11.07 406.841.99 11.05 405.93</u></div>
<div><u>Port Perry 2.16 11.04 405.741.96 11.02 404.82</u></div>
<div><u>Norfolk 2.20 11.08 407.211.95 11.01 404.46</u></div>
<div><u>Palmerston 2.20 11.08 407.211.95 11.01 404.46</u></div>
<div><u>Varna 2.20 11.08 407.211.95 11.01 404.46</u></div>
<div><u>Trenton 2.10 10.98 403.541.90 10.96 402.62</u></div>
<div><u>Winchester N/A 1.93 10.99 403.72</u></div>
<div><u>North Gower 2.00 10.88 399.862.05 11.11 408.13</u></div>
<div><u>Huron FOB 2.30 11.18 410.892.05 11.11 408.13</u></div>
<div><u>Kent FOB 2.40 11.28 414.561.95 11.01 404.46</u></div>
<div><u>Lambton FOB 2.30 11.18 410.892.05 11.11 408.13</u></div>
<div><u>Middlesex FOB2.36 2.42 2.32 N/A 11.24 413.092.06 11.12 408.50</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.76 11.64 427.792.36 11.42 419.52</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.70 11.58 425.582.40 11.46 420.99</u></div>
<div><u>Prescott N/A 2.45 11.51 422.83</u></div>
<div><u>Port Colborne N/A 2.38 11.44 420.26</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.07 8.82 323.97-0.52 8.53 313.59</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3096 up 0.0038</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>SEP19 HI 5.05 1/4 JUL10 HI 5.32 1/4</u></div>
<div><u> LOW 4.87 LOW 5.20 1/4</u></div>
<div><u> CLOSE 4.87 1/4 Down 15 1/4 CLOSE 5.20 1/2 Down 10 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>SEP19 HI 5.29 SEP10 HI 5.75 1/2</u></div>
<div><u> LOW 5.20 3/4 LOW 5.75 1/4</u></div>
<div><u> CLOSE 5.21 1/4 Down 8 CLOSE 5.75 1/2 Down 2 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 1.97 2.23 1.90 1.22</u></div>
<div><u>CAD $/bu 6.84 7.10 6.77 6.43</u></div>
<div><u>CAD $/tonne 251.30 260.93 248.90 236.38</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 1.65 1.91 1.52 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 1.60 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.60 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 1.58 1.18 0.90</u></div>
<div><u>Varna 1.70 1.95 1.60 N/A 1.35 1.55 1.15 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 1.52 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.95 1.75 1.05 N/A 1.63 1.43 0.85</u></div>
<div><u>W O Feed 2.16</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor 1.99 2.25 1.86 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. 5.12US 6.71CA 5.16US 6.74CA</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 1.53 1.80 1.47 0.98</u></div>
<div><u>CAD $/bu 6.74 7.00 6.67 6.74</u></div>
<div><u>CAD $/tonne 247.60 257.21 245.20 247.60</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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<p class="MsoNormal" style=""><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">Blair Andrews</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><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" style="" id="LPlnk548407" class="OWAAutoLink" previewremoved="true"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1500</span></a><span class="apple-converted-space" style=""><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">x
63577<span class="apple-converted-space"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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