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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, August 1</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3221 up 0.0046</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 4.03 DEC19 HI 4.12 1/4</u></div>
<div><u> LOW 3.87 1/4 LOW 3.97 1/4</u></div>
<div><u> CLOSE3.92 3/4 Down 7 1/2 CLOSE 4.02 1/2 Down 7 1/2</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 5.73 225.48 1.25 5.28 207.67</u></div>
<div><u>CK High 2.00 5.93 233.36 1.25 5.28 207.67</u></div>
<div><u>CK Avg 1.87 0.46 5.79 228.11 1.25 -0.01 5.28 207.67</u></div>
<div><u>Essex Cty 2.00 5.93 233.36 1.25 5.28 207.67</u></div>
<div><u>Mdsx Low 1.80 5.73 225.48 1.25 5.28 207.67</u></div>
<div><u>Mdsx High 1.90 5.83 229.42 1.25 5.28 207.67</u></div>
<div><u>Mdsx Avg 1.85 0.44 5.78 227.45 1.25 -0.01 5.28 207.67</u></div>
<div><u>Hensall 1.83 5.75 226.47 1.28 5.30 208.65</u></div>
<div><u>Bruce 1.80 5.73 225.48 1.25 5.28 207.67</u></div>
<div><u>Putnam 1.80 5.73 225.48 1.25 5.28 207.67</u></div>
<div><u>Burford 1.90 5.83 229.42 1.25 5.28 207.67</u></div>
<div><u>Port Perry 1.90 5.83 229.42 1.25 5.28 207.67</u></div>
<div><u>Norfolk 2.00 5.93 233.36 1.25 5.28 207.67</u></div>
<div><u>Palmerston 1.70 5.63 221.54 1.30 5.33 209.64</u></div>
<div><u>Varna 1.80 5.73 225.48 1.25 5.28 207.67</u></div>
<div><u>Trenton 1.80 5.73 225.48 1.25 5.28 207.67</u></div>
<div><u>Winchester N/A 1.40 5.43 213.57</u></div>
<div><u>North Gower 1.50 5.43 213.67 1.40 5.43 213.57</u></div>
<div><u>Huron FOB 2.00 5.93 233.36 1.32 5.35 210.42</u></div>
<div><u>Kent FOB 2.15 6.08 239.26 1.30 5.33 209.64</u></div>
<div><u>Lamb FOB 2.24 6.17 242.80 1.45 5.48 215.54</u></div>
<div><u>Mdsx FOB 2.05N/A N/A N/A 5.98 235.32 1.30 5.33 209.64</u></div>
<div><u>FOB SW Que 2.73 6.66 262.09 1.43 5.46 214.75</u></div>
<div><u>Track 2.28 6.20 244.18N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 2.43 2.42 1.50 1.50 5.53 217.51</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 6.33 249.10 N/A</u></div>
<div><u>Sarn-Eth N/A 2.00N/A N/A 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 2.45N/A N/A</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A 1.55 1.55 5.58 219.48</u></div>
<div><u>Cardnl-Ing N/A N/A 1.55 1.50 1.50 5.53 217.51</u></div>
<div><u>W O Feed 2.37 6.29 247.76</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.58 6.51 256.19</u></div>
<div><u>Toledo El. 0.50 4.43 174.40 0.20 4.22 166.21</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 5.27 1/2</u></div>
<div><u>HI SD CRN 1.25 5.27 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 1.3221 up 0.0046</u></div>
<div><u>Chicago soybeans closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> NOV19 HI 8.82 NOV19 HI 8.82</u></div>
<div><u> LOW 8.60 LOW 8.60</u></div>
<div><u> CLOSE8.65 1/4 Down 16 1/4 CLOSE 8.65 1/4 Down 16 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 10.70 393.252.00 10.65 391.41</u></div>
<div><u>CK High 2.10 10.75 395.092.05 10.70 393.25</u></div>
<div><u>CK Average 2.09 -0.5310.74 394.782.01 -0.5310.66 391.78</u></div>
<div><u>Essex Cty 2.20 10.85 398.762.05 10.70 393.25</u></div>
<div><u>Mdsx Low 2.05 10.70 393.251.96 10.61 389.94</u></div>
<div><u>Mdsx High 2.10 10.75 395.092.00 10.65 391.41</u></div>
<div><u>Mdsx Average 2.08 -0.5410.73 394.171.98 -0.5610.63 390.68</u></div>
<div><u>Hensall 2.08 10.73 394.171.98 10.63 390.49</u></div>
<div><u>Bruce 2.05 10.70 393.251.95 10.60 389.58</u></div>
<div><u>Putnam 2.10 10.75 395.092.00 10.65 391.41</u></div>
<div><u>Burford 2.10 10.75 395.092.01 10.66 391.78</u></div>
<div><u>Port Perry 2.07 10.72 393.981.98 10.63 390.68</u></div>
<div><u>Norfolk 2.10 10.75 395.092.05 10.70 393.25</u></div>
<div><u>Palmerston 2.02 10.67 392.152.05 10.70 393.25</u></div>
<div><u>Varna 2.10 10.75 395.092.00 10.65 391.41</u></div>
<div><u>Trenton 2.10 10.75 395.092.00 10.65 391.41</u></div>
<div><u>Winchester N/A 2.08 10.73 394.35</u></div>
<div><u>North Gower 1.88 10.53 387.002.05 10.70 393.25</u></div>
<div><u>Huron FOB 2.20 10.85 398.762.10 10.75 395.09</u></div>
<div><u>Kent FOB 2.30 10.95 402.442.05 10.70 393.25</u></div>
<div><u>Lambton FOB 2.40 11.05 406.112.15 10.80 396.92</u></div>
<div><u>Middlesex FOB2.30 2.37 N/A N/A 10.95 402.442.09 10.74 394.72</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.53 11.18 410.892.33 10.98 403.54</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.65 11.30 415.302.50 11.15 409.78</u></div>
<div><u>Prescott N/A 2.45 11.10 407.95</u></div>
<div><u>Port Colborne N/A 2.41 11.06 406.48</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 8.39 308.21-0.53 8.13 298.62</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3221 up 0.0046</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>SEP19 HI 4.88 1/2 JUL10 HI 5.15</u></div>
<div><u> LOW 4.71 3/4 LOW 4.97 1/2</u></div>
<div><u> CLOSE 4.75 3/4 Down 11 1/2 CLOSE 5.01 Down 13 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>SEP19 HI 5.21 1/2 SEP10 HI 5.72 3/4</u></div>
<div><u> LOW 5.13 3/4 LOW 5.70 3/4</u></div>
<div><u> CLOSE 5.18 1/2 Down 1 CLOSE 5.72 3/4 Down 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 1.99 2.26 1.93 1.27</u></div>
<div><u>CAD $/bu 6.75 7.02 6.69 6.46</u></div>
<div><u>CAD $/tonne 248.11 257.82 245.68 237.30</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 1.95 1.62 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 1.70 N/A N/A N/A 1.20 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 1.55 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 1.58 1.23 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 1.47 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 2.05 1.85 1.10 N/A 1.58 1.48 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 2.03 2.30 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 1.80 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.96US 6.55CA 4.96US 6.51CA</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 1.50 1.77 1.44 1.01</u></div>
<div><u>CAD $/bu 6.51 6.78 6.45 6.73</u></div>
<div><u>CAD $/tonne 239.38 249.03 236.96 247.46</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 463.09</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
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<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>
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<p class="MsoNoSpacing" style=""><span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
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<p class="MsoNoSpacing" style=""><span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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