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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 31</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3175 up 0.0031</u></div>
<div><u>Chicago corn closed lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 4.13 3/4 DEC19 HI 4.23 1/2</u></div>
<div><u> LOW 4.00 LOW 4.09 1/2</u></div>
<div><u> CLOSE4.00 1/4 Down 11 CLOSE 4.10 Down 11</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 +DEC19+DEC19+DEC19</u></div>
<div><u>CK Low 1.80 5.80 228.43 1.25 5.35 210.62</u></div>
<div><u>CK High 2.00 6.00 236.31 1.25 5.35 210.62</u></div>
<div><u>CK Avg 1.88 0.46 5.89 231.72 1.25 -0.04 5.35 210.62</u></div>
<div><u>Essex Cty 2.00 6.00 236.31 1.25 5.35 210.62</u></div>
<div><u>Mdsx Low 1.80 5.80 228.43 1.25 5.35 210.62</u></div>
<div><u>Mdsx High 1.90 5.90 232.37 1.25 5.35 210.62</u></div>
<div><u>Mdsx Avg 1.85 0.44 5.85 230.40 1.25 -0.04 5.35 210.62</u></div>
<div><u>Hensall 1.83 5.83 229.42 1.28 5.38 211.60</u></div>
<div><u>Bruce 1.80 5.80 228.43 1.25 5.35 210.62</u></div>
<div><u>Putnam 1.80 5.80 228.43 1.25 5.35 210.62</u></div>
<div><u>Burford 1.90 5.90 232.37 1.25 5.35 210.62</u></div>
<div><u>Port Perry 1.90 5.90 232.37 1.25 5.35 210.62</u></div>
<div><u>Norfolk 2.00 6.00 236.31 1.25 5.35 210.62</u></div>
<div><u>Palmerston 1.70 5.70 224.50 1.30 5.40 212.59</u></div>
<div><u>Varna 1.80 5.80 228.43 1.25 5.35 210.62</u></div>
<div><u>Trenton 1.80 5.80 228.43 1.25 5.35 210.62</u></div>
<div><u>Winchester N/A 1.40 5.50 216.53</u></div>
<div><u>North Gower 1.50 5.50 216.62 1.40 5.50 216.53</u></div>
<div><u>Huron FOB 1.97 5.97 235.13 1.31 5.41 212.98</u></div>
<div><u>Kent FOB 2.20 6.20 244.18 1.30 5.40 212.59</u></div>
<div><u>Lamb FOB 2.00 6.00 236.31 1.45 5.55 218.49</u></div>
<div><u>Mdsx FOB 2.05N/A N/A N/A 6.05 238.28 1.30 5.40 212.59</u></div>
<div><u>FOB SW Que 2.63 6.63 261.11 1.43 5.53 217.71</u></div>
<div><u>Track 2.28 6.28 247.13N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 2.40 2.43 2.43 1.51 6.40 252.06 1.51 5.61 220.86</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 2.40 2.40 2.40N/A 6.40 252.06 N/A</u></div>
<div><u>Sarn-Eth 2.00 2.00N/A N/A 6.00 236.31N/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 2.50N/A N/A</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A 1.60 1.60 5.70 224.40</u></div>
<div><u>Cardnl-Ing N/A N/A 1.55 1.50 1.50 5.60 220.46</u></div>
<div><u>W O Feed 2.37 6.37 250.95</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.57 6.57 258.75</u></div>
<div><u>Toledo El. 0.50 4.50 177.28 0.20 4.30 169.18</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 5.35</u></div>
<div><u>HI SD CRN 1.25 5.35</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3175 up 0.0031</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> NOV19 HI 9.00 NOV19 HI 9.00</u></div>
<div><u> LOW 8.80 LOW 8.80</u></div>
<div><u> CLOSE8.81 1/2 Down 15 1/4 CLOSE 8.81 1/2 Down 15 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 +NOV1+NOV1+NOV19</u></div>
<div><u>CK Low 2.05 10.87 399.221.95 10.77 395.55</u></div>
<div><u>CK High 2.12 10.94 401.792.03 10.85 398.49</u></div>
<div><u>CK Average 2.09 -0.5410.90 400.572.00 -0.6010.81 397.26</u></div>
<div><u>Essex Cty 2.15 10.97 402.891.95 10.77 395.55</u></div>
<div><u>Mdsx Low 2.07 10.89 399.961.98 10.80 396.65</u></div>
<div><u>Mdsx High 2.10 10.92 401.062.00 10.82 397.38</u></div>
<div><u>Mdsx Average 2.09 -0.5410.90 400.511.99 -0.6110.81 397.02</u></div>
<div><u>Hensall 2.08 10.89 400.141.98 10.79 396.46</u></div>
<div><u>Bruce 2.05 10.87 399.221.95 10.77 395.55</u></div>
<div><u>Putnam 2.10 10.92 401.062.00 10.82 397.38</u></div>
<div><u>Burford 2.12 10.94 401.792.03 10.85 398.49</u></div>
<div><u>Port Perry 2.09 10.91 400.692.00 10.82 397.38</u></div>
<div><u>Norfolk 2.05 10.87 399.221.95 10.77 395.55</u></div>
<div><u>Palmerston 2.03 10.85 398.492.05 10.87 399.22</u></div>
<div><u>Varna 2.13 10.95 402.162.00 10.82 397.38</u></div>
<div><u>Trenton 2.10 10.92 401.062.00 10.82 397.38</u></div>
<div><u>Winchester N/A 2.08 10.90 400.32</u></div>
<div><u>North Gower 1.87 10.69 392.612.05 10.87 399.22</u></div>
<div><u>Huron FOB 2.15 10.97 402.892.05 10.87 399.22</u></div>
<div><u>Kent FOB 2.25 11.07 406.571.95 10.77 395.55</u></div>
<div><u>Lambton FOB 2.40 11.22 412.082.15 10.97 402.89</u></div>
<div><u>Middlesex FOB2.23 2.30 N/A N/A 11.05 405.832.02 10.84 398.12</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.52 11.34 416.492.32 11.14 409.14</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.60 11.42 419.432.40 11.22 412.08</u></div>
<div><u>Prescott N/A 2.45 11.27 413.92</u></div>
<div><u>Port Colborne N/A 2.43 11.25 413.18</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 8.55 314.21-0.53 8.29 304.55</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3175 up 0.0031</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>SEP19 HI 5.00 1/2 JUL10 HI 5.22 1/4</u></div>
<div><u> LOW 4.84 1/2 LOW 5.10</u></div>
<div><u> CLOSE 4.87 1/4 Down 10 CLOSE 5.14 1/4 Down 6</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>SEP19 HI 5.28 3/4 SEP10 HI 5.75</u></div>
<div><u> LOW 5.18 3/4 LOW 5.73</u></div>
<div><u> CLOSE 5.19 1/2 Down 9 1/4 CLOSE 5.73 1/4 Down 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 2.01 2.27 1.94 1.25</u></div>
<div><u>CAD $/bu 6.88 7.14 6.81 6.45</u></div>
<div><u>CAD $/tonne 252.82 262.51 250.40 236.97</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 1.71 1.97 1.64 N/A 1.32 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 1.05 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 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.55 N/A N/A N/A 1.05 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 1.53 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 2.05 1.85 1.10 N/A 1.57 1.47 0.90</u></div>
<div><u>W O Feed 2.17</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor 2.05 2.31 1.91 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 1.81 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.07US 6.68CA 5.09US 6.70CA</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 1.56 1.82 1.49 1.02</u></div>
<div><u>CAD $/bu 6.70 6.97 6.64 6.76</u></div>
<div><u>CAD $/tonne 246.27 255.94 243.85 248.21</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 473.45</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<u></u>
<p class="MsoNoSpacing" style=""><span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<o:p></o:p></span></p>
<p class="MsoNoSpacing" style=""><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" style=""><span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus<o:p></o:p></span></p>
<p class="MsoNoSpacing" style=""><span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p class="MsoNoSpacing" style=""><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" style=""><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" style=""><span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
<br>
<span style="background: rgb(253, 253, 253);">Click on this link:<span class="apple-converted-space"><span style="color:#333333"> </span></span></span><span class="object" style=""><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space" style=""><span style="color:#333333;background:#FDFDFD"> </span></span><span style="background: rgb(253, 253, 253);"> to
unsubscribe from this report.</span><br>
<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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