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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 26</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3162 up 0.0013</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 4.19 1/2 DEC19 HI 4.28</u></div>
<div><u> LOW 4.13 LOW 4.23 1/2</u></div>
<div><u> CLOSE4.14 1/2 Down 4 CLOSE 4.24 1/2 Down 3</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 5.95 234.04 1.25 5.50 216.33</u></div>
<div><u>CK High 1.95 6.10 239.95 1.25 5.50 216.33</u></div>
<div><u>CK Avg 1.84 0.40 5.99 235.68 1.25 -0.06 5.50 216.33</u></div>
<div><u>Essex Cty 1.95 6.10 239.95 1.25 5.50 216.33</u></div>
<div><u>Mdsx Low 1.80 5.95 234.04 1.25 5.50 216.33</u></div>
<div><u>Mdsx High 1.80 5.95 234.04 1.25 5.50 216.33</u></div>
<div><u>Mdsx Avg 1.80 0.37 5.95 234.04 1.25 -0.06 5.50 216.33</u></div>
<div><u>Hensall 1.83 5.97 235.03 1.28 5.52 217.31</u></div>
<div><u>Bruce 1.80 5.95 234.04 1.25 5.50 216.33</u></div>
<div><u>Putnam 1.80 5.95 234.04 1.25 5.50 216.33</u></div>
<div><u>Burford 1.80 5.95 234.04 1.25 5.50 216.33</u></div>
<div><u>Port Perry 1.80 5.95 234.04 1.20 5.45 214.36</u></div>
<div><u>Norfolk 1.95 6.10 239.95 1.25 5.50 216.33</u></div>
<div><u>Palmerston 1.70 5.85 230.11 1.30 5.55 218.30</u></div>
<div><u>Varna 1.80 5.95 234.04 1.25 5.50 216.33</u></div>
<div><u>Trenton 1.80 5.95 234.04 1.25 5.50 216.33</u></div>
<div><u>Winchester N/A 1.25 5.50 216.33</u></div>
<div><u>North Gower 1.40 5.55 218.30 1.40 5.65 222.23</u></div>
<div><u>Huron FOB 1.98 6.13 241.13 1.37 5.62 221.05</u></div>
<div><u>Kent FOB 2.10 6.25 245.85 1.30 5.55 218.30</u></div>
<div><u>Lamb FOB 2.00 6.15 241.92 1.30 5.55 218.30</u></div>
<div><u>Mdsx FOB 2.05 2.05N/A N/A 6.20 243.89 1.30 5.55 218.30</u></div>
<div><u>FOB SW Que 2.55 6.70 263.57 1.43 5.68 223.41</u></div>
<div><u>Track 2.15 6.30 247.82N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 2.44 2.46 2.46 1.67 5.92 232.86</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 2.35 2.35 2.35 1.55 5.80 228.14</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 2.45 N/A</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A 1.60 5.85 230.11</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.55 1.50 5.75 226.17</u></div>
<div><u>W O Feed 2.33 6.48 254.99</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.57 6.72 264.36</u></div>
<div><u>Toledo El. 0.50 4.65 182.87 0.20 4.44 174.88</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 5.49 1/2</u></div>
<div><u>HI SD CRN 1.25 5.49 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 1.3162 up 0.0013</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> AUG19 HI 8.90 NOV19 HI 9.07</u></div>
<div><u> LOW 8.81 1/2 LOW 8.98 1/2</u></div>
<div><u> CLOSE8.83 1/4 Up 3/4 CLOSE 9.01 Up 1 1/4</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 11.03 405.372.00 11.01 404.55</u></div>
<div><u>CK High 2.25 11.08 407.212.03 11.04 405.65</u></div>
<div><u>CK Average 2.24 -0.4211.07 406.912.01 -0.6211.02 404.73</u></div>
<div><u>Essex Cty 2.35 11.18 410.892.00 11.01 404.55</u></div>
<div><u>Mdsx Low 2.20 11.03 405.371.98 10.99 403.81</u></div>
<div><u>Mdsx High 2.25 11.08 407.212.00 11.01 404.55</u></div>
<div><u>Mdsx Average 2.23 -0.4311.06 406.291.99 -0.6411.00 404.18</u></div>
<div><u>Hensall 2.25 11.08 407.212.00 11.01 404.55</u></div>
<div><u>Bruce 2.20 11.03 405.371.95 10.96 402.71</u></div>
<div><u>Putnam 2.25 11.08 407.212.00 11.01 404.55</u></div>
<div><u>Burford 2.25 11.08 407.212.03 11.04 405.65</u></div>
<div><u>Port Perry 2.22 11.05 406.112.00 11.01 404.55</u></div>
<div><u>Norfolk 2.25 11.08 407.212.00 11.01 404.55</u></div>
<div><u>Palmerston 2.20 11.03 405.372.05 11.06 406.39</u></div>
<div><u>Varna 2.25 11.08 407.212.00 11.01 404.55</u></div>
<div><u>Trenton 2.15 10.98 403.541.95 10.96 402.71</u></div>
<div><u>Winchester N/A 1.99 11.00 404.18</u></div>
<div><u>North Gower 2.00 10.83 398.032.05 11.06 406.39</u></div>
<div><u>Huron FOB 2.35 11.18 410.892.10 11.11 408.22</u></div>
<div><u>Kent FOB 2.45 11.28 414.562.00 11.01 404.55</u></div>
<div><u>Lambton FOB 2.30 11.13 409.052.10 11.11 408.22</u></div>
<div><u>Middlesex FOB2.47 2.47 2.35 N/A 11.30 415.302.11 11.12 408.59</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.80 11.63 427.422.39 11.40 418.88</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.75 11.58 425.582.45 11.46 421.08</u></div>
<div><u>Prescott N/A 2.45 11.46 421.08</u></div>
<div><u>Port Colborne N/A 2.43 11.44 420.35</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.07 8.77 322.12-0.53 8.48 311.76</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3162 up 0.0013</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>SEP19 HI 5.00 1/4 JUL10 HI 5.25</u></div>
<div><u> LOW 4.93 1/2 LOW 5.19 3/4</u></div>
<div><u> CLOSE 4.96 Down 3 1/2 CLOSE 5.21 1/4 Down 3 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>SEP19 HI 5.25 3/4 SEP10 HI 5.77 1/4</u></div>
<div><u> LOW 5.22 1/2 LOW 5.74 1/2</u></div>
<div><u> CLOSE 5.24 1/2 Up 1 1/2 CLOSE 5.74 1/2 Down 1 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 2.03 2.29 1.96 1.26</u></div>
<div><u>CAD $/bu 6.99 7.25 6.92 6.51</u></div>
<div><u>CAD $/tonne 256.81 266.48 254.39 239.15</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 1.69 1.96 1.63 N/A 1.31 1.45 1.12 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 1.65 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 1.62 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 2.03 2.29 1.90 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 1.83 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.16US 6.79CA 5.16US 6.78CA</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 6.78 7.04 6.72 6.76</u></div>
<div><u>CAD $/tonne 249.17 258.82 246.75 248.32</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 476.32</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00</u></div>
<div><br>
</div>
<div><br>
</div>
<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-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span><o:p></o:p></span></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>
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