<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" style="font-size: 10pt; color: rgb(0, 0, 0); font-family: "Courier New", monospace, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" style="font-size: 10pt; color: rgb(0, 0, 0); font-family: "Courier New", monospace, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 25</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3149 up 0.0017</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 4.25 3/4 DEC19 HI 4.32 1/2</u></div>
<div><u> LOW 4.18 LOW 4.26 1/2</u></div>
<div><u> CLOSE4.18 1/2 Down 5 1/2 CLOSE 4.27 1/2 Down 3 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 1.80 5.99 235.62 1.25 5.53 217.51</u></div>
<div><u>CK High 1.95 6.14 241.52 1.25 5.53 217.51</u></div>
<div><u>CK Avg 1.84 0.40 6.03 237.26 1.25 -0.06 5.53 217.51</u></div>
<div><u>Essex Cty 1.95 6.14 241.52 1.25 5.53 217.51</u></div>
<div><u>Mdsx Low 1.80 5.99 235.62 1.25 5.53 217.51</u></div>
<div><u>Mdsx High 1.80 5.99 235.62 1.25 5.53 217.51</u></div>
<div><u>Mdsx Avg 1.80 0.37 5.99 235.62 1.25 -0.06 5.53 217.51</u></div>
<div><u>Hensall 1.83 6.01 236.60 1.28 5.55 218.49</u></div>
<div><u>Bruce 1.80 5.99 235.62 1.25 5.53 217.51</u></div>
<div><u>Putnam 1.80 5.99 235.62 1.25 5.53 217.51</u></div>
<div><u>Burford 1.80 5.99 235.62 1.25 5.53 217.51</u></div>
<div><u>Port Perry 1.80 5.99 235.62 1.20 5.48 215.54</u></div>
<div><u>Norfolk 1.95 6.14 241.52 1.25 5.53 217.51</u></div>
<div><u>Palmerston 1.70 5.89 231.68 1.30 5.58 219.48</u></div>
<div><u>Varna 1.80 5.99 235.62 1.25 5.53 217.51</u></div>
<div><u>Trenton 1.80 5.99 235.62 1.25 5.53 217.51</u></div>
<div><u>Winchester N/A 1.25 5.53 217.51</u></div>
<div><u>North Gower 1.40 5.59 219.87 1.40 5.68 223.41</u></div>
<div><u>Huron FOB 1.98 6.17 242.71 1.37 5.65 222.23</u></div>
<div><u>Kent FOB 2.10 6.29 247.43 1.30 5.58 219.48</u></div>
<div><u>Lamb FOB 2.00 6.19 243.49 1.30 5.58 219.48</u></div>
<div><u>Mdsx FOB 2.05 2.05N/A N/A 6.24 245.46 1.30 5.58 219.48</u></div>
<div><u>FOB SW Que 2.55 6.74 265.15 1.43 5.71 224.60</u></div>
<div><u>Track 2.15 6.34 249.40N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 2.36 2.38 2.37 1.55 5.83 229.32</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 5.78 227.35</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 5.88 231.29</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.55 1.50 5.78 227.35</u></div>
<div><u>W O Feed 2.30 6.49 255.38</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.54 6.73 264.75</u></div>
<div><u>Toledo El. 0.50 4.68 184.43 0.20 4.47 176.04</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 5.52 1/2</u></div>
<div><u>HI SD CRN 1.25 5.52 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3149 up 0.0017</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> AUG19 HI 8.96 NOV19 HI 9.13 1/2</u></div>
<div><u> LOW 8.81 LOW 8.98</u></div>
<div><u> CLOSE8.82 1/2 Down 8 1/2 CLOSE 8.99 3/4 Down 8 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 2.20 11.03 405.102.00 11.00 404.09</u></div>
<div><u>CK High 2.25 11.08 406.942.00 11.00 404.09</u></div>
<div><u>CK Average 2.23 -0.4211.06 406.322.00 -0.6111.00 404.09</u></div>
<div><u>Essex Cty 2.35 11.18 410.612.00 11.00 404.09</u></div>
<div><u>Mdsx Low 2.15 10.98 403.261.95 10.95 402.25</u></div>
<div><u>Mdsx High 2.25 11.08 406.942.00 11.00 404.09</u></div>
<div><u>Mdsx Average 2.20 -0.4411.03 405.101.98 -0.6310.97 403.17</u></div>
<div><u>Hensall 2.25 11.08 406.942.00 11.00 404.09</u></div>
<div><u>Bruce 2.20 11.03 405.101.95 10.95 402.25</u></div>
<div><u>Putnam 2.25 11.08 406.942.00 11.00 404.09</u></div>
<div><u>Burford 2.20 11.03 405.102.00 11.00 404.09</u></div>
<div><u>Port Perry 2.17 11.00 404.001.97 10.97 402.99</u></div>
<div><u>Norfolk 2.25 11.08 406.942.00 11.00 404.09</u></div>
<div><u>Palmerston 2.20 11.03 405.102.05 11.05 405.93</u></div>
<div><u>Varna 2.25 11.08 406.942.00 11.00 404.09</u></div>
<div><u>Trenton 2.10 10.93 401.431.90 10.90 400.41</u></div>
<div><u>Winchester N/A 1.95 10.95 402.25</u></div>
<div><u>North Gower 2.00 10.83 397.752.05 11.05 405.93</u></div>
<div><u>Huron FOB 2.35 11.18 410.612.10 11.10 407.76</u></div>
<div><u>Kent FOB 2.45 11.28 414.292.00 11.00 404.09</u></div>
<div><u>Lambton FOB 2.30 11.13 408.772.10 11.10 407.76</u></div>
<div><u>Middlesex FOB2.45 2.45 2.34 N/A 11.28 414.292.09 11.09 407.40</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.79 11.62 426.782.38 11.38 418.05</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.75 11.58 425.312.45 11.45 420.62</u></div>
<div><u>Prescott N/A 2.45 11.45 420.62</u></div>
<div><u>Port Colborne N/A 2.40 11.40 418.79</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.07 8.76 321.85-0.52 8.47 311.33</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3149 up 0.0017</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>SEP19 HI 5.07 1/2 JUL10 HI 5.31</u></div>
<div><u> LOW 4.92 1/4 LOW 5.19 3/4</u></div>
<div><u> CLOSE 4.99 1/2 Up 1 3/4 CLOSE 5.25 Down 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>SEP19 HI 5.26 1/2 SEP10 HI 5.76</u></div>
<div><u> LOW 5.20 1/2 LOW 5.74</u></div>
<div><u> CLOSE 5.23 Up 3/4 CLOSE 5.76 Up 1 1/4</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 2.03 2.30 1.97 1.25</u></div>
<div><u>CAD $/bu 7.03 7.29 6.96 6.48</u></div>
<div><u>CAD $/tonne 258.24 267.91 255.83 238.19</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 1.66 1.92 1.53 N/A 1.31 1.44 1.11 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 1.70 1.95 1.60 1.20 1.35 1.55 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 1.60 1.20 N/A 1.57 1.22 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 1.64 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.95 1.75 1.05 N/A 1.62 1.42 0.85</u></div>
<div><u>W O Feed 2.19</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor 1.99 2.26 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 1.84 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.20US 6.83CA 5.20US 6.82CA</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 1.57 1.83 1.50 1.01</u></div>
<div><u>CAD $/bu 6.82 7.08 6.75 6.77</u></div>
<div><u>CAD $/tonne 250.58 260.22 248.17 248.65</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 477.20</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
<p></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size: 12pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: Calibri, Arial, Helvetica, sans-serif, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<p></p>
<p></p>
<p class="MsoNoSpacing"><span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family: "Courier New"; font-size: 10pt;">Email:fmnc@uoguelph.ca</span><span style="font-family: "Courier New"; font-size: 10pt;"> </span><br>
</p>
<p class="MsoNoSpacing"><span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"><span style="color:#333333"> </span></span></span><span class="object"><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="color:#333333;background:#FDFDFD"> </span></span><span style="background:#FDFDFD"> to
unsubscribe from this report.</span><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
<br>
<p></p>
</div>
</div>
</div>
<p></p>
</div>
<p></p>
</div>
</body>
</html>