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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, August 12</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3232 up 0.0034</u></div>
<div><u>Chicago corn closed limit down.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 4.10 DEC19 HI 4.17 3/4</u></div>
<div><u> LOW 3.85 1/4 LOW 3.92 3/4</u></div>
<div><u> CLOSE3.85 1/4 Down 25 CLOSE 3.92 3/4 Down 25</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt</u></div>
<div><u>ELEVATORS +DEC19+DEC19+DEC19</u></div>
<div><u>CK Low 1.85 5.70 224.50 1.25 5.18 203.83</u></div>
<div><u>CK High 2.00 5.85 230.40 1.25 5.18 203.83</u></div>
<div><u>CK Avg 1.92 0.67 5.77 227.12 1.25 -0.01 5.18 203.83</u></div>
<div><u>Essex Cty 2.00 5.85 230.40 1.25 5.18 203.83</u></div>
<div><u>Mdsx Low 1.90 5.75 226.47 1.25 5.18 203.83</u></div>
<div><u>Mdsx High 1.90 5.75 226.47 1.25 5.18 203.83</u></div>
<div><u>Mdsx Avg 1.90 0.65 5.75 226.47 1.25 -0.01 5.18 203.83</u></div>
<div><u>Hensall 1.88 5.73 225.48 1.28 5.20 204.81</u></div>
<div><u>Bruce 1.85 5.70 224.50 1.30 5.23 205.80</u></div>
<div><u>Putnam 1.90 5.75 226.47 1.25 5.18 203.83</u></div>
<div><u>Burford 1.90 5.75 226.47 1.25 5.18 203.83</u></div>
<div><u>Port Perry 1.90 5.75 226.47 1.25 5.18 203.83</u></div>
<div><u>Norfolk 1.95 5.80 228.43 1.25 5.18 203.83</u></div>
<div><u>Palmerston N/A 1.30 5.23 205.80</u></div>
<div><u>Varna 1.85 5.70 224.50 1.30 5.23 205.80</u></div>
<div><u>Trenton 1.95 5.80 228.43 1.30 5.23 205.80</u></div>
<div><u>Winchester N/A 1.45 5.38 211.70</u></div>
<div><u>North Gower 1.50 5.35 210.72 1.40 5.33 209.73</u></div>
<div><u>Huron FOB 2.15 6.00 236.31 1.40 5.33 209.73</u></div>
<div><u>Kent FOB 2.15 6.00 236.31 1.30 5.23 205.80</u></div>
<div><u>Lamb FOB 2.10 5.95 234.34 1.43 5.36 210.92</u></div>
<div><u>Mdsx FOB 2.10N/A N/A N/A 5.95 234.34 1.45 5.38 211.70</u></div>
<div><u>FOB SW Que N/A N/A</u></div>
<div><u>Track 2.43 6.28 247.13N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 2.47 2.47 1.55 1.55 5.48 215.64</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 2.35 2.40 2.40N/A 6.20 244.18 N/A</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A 1.40 5.33 209.73</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 1.83 1.83 1.83* 5.76 226.66</u></div>
<div><u>Cardnl-Ing N/A N/A 1.55 1.50 1.50 5.43 213.67</u></div>
<div><u>W O Feed 2.57 2.14 6.42 252.84</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.65 2.22 6.50 255.99</u></div>
<div><u>Toledo El. 0.50 4.36 171.46 0.20 4.13 162.41</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A N/A</u></div>
<div><u>Pt. Stanley N/A N/A</u></div>
<div><u>Hamilton N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.25 5.17 3/4</u></div>
<div><u>HI SD CRN 1.25 5.17 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 1.3232 up 0.0034</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> NOV19 HI 8.93 NOV19 HI 8.93</u></div>
<div><u> LOW 8.76 LOW 8.76</u></div>
<div><u> CLOSE8.79 1/4 Down 12 1/2 CLOSE 8.79 1/4 Down 12 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 +NOV1+NOV1+NOV19</u></div>
<div><u>CK Low 2.11 10.90 400.602.03 10.82 397.66</u></div>
<div><u>CK High 2.15 10.94 402.072.05 10.84 398.39</u></div>
<div><u>CK Average 2.14 -0.5310.94 401.822.05 -0.5810.84 398.27</u></div>
<div><u>Essex Cty 2.20 10.99 403.912.05 10.84 398.39</u></div>
<div><u>Mdsx Low 2.06 10.85 398.761.98 10.77 395.82</u></div>
<div><u>Mdsx High 2.15 10.94 402.072.05 10.84 398.39</u></div>
<div><u>Mdsx Average 2.11 -0.5610.90 400.412.02 -0.6110.81 397.11</u></div>
<div><u>Hensall 2.15 10.94 402.072.05 10.84 398.39</u></div>
<div><u>Bruce 2.10 10.89 400.232.00 10.79 396.56</u></div>
<div><u>Putnam 2.15 10.94 402.072.05 10.84 398.39</u></div>
<div><u>Burford 2.11 10.90 400.602.03 10.82 397.66</u></div>
<div><u>Port Perry 2.08 10.87 399.502.00 10.79 396.56</u></div>
<div><u>Norfolk 2.15 10.94 402.072.05 10.84 398.39</u></div>
<div><u>Palmerston N/A 2.05 10.84 398.39</u></div>
<div><u>Varna 2.15 10.94 402.072.05 10.84 398.39</u></div>
<div><u>Trenton 2.10 10.89 400.232.05 10.84 398.39</u></div>
<div><u>Winchester N/A 2.05 10.84 398.39</u></div>
<div><u>North Gower 1.87 10.66 391.782.05 10.84 398.39</u></div>
<div><u>Huron FOB 2.25 11.04 405.742.15 10.94 402.07</u></div>
<div><u>Kent FOB 2.25 11.04 405.742.05 10.84 398.39</u></div>
<div><u>Lambton FOB 2.25 11.04 405.742.25 11.04 405.74</u></div>
<div><u>Middlesex FOB2.51 2.51 N/A N/A 11.30 415.302.10 10.89 400.23</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.58 11.37 417.872.38 11.17 410.52</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.70 11.49 422.282.50 11.29 414.93</u></div>
<div><u>Prescott N/A 2.45 11.24 413.09</u></div>
<div><u>Port Colborne N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 8.53 313.35-0.53 8.26 303.67</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3232 up 0.0034</u></div>
<div><u>Chicago wheat closed lower to sharply lower.</u></div>
<div><u>SEP19 HI 5.02 JUL20 HI 5.19</u></div>
<div><u> LOW 4.66 1/2 LOW 4.90</u></div>
<div><u> CLOSE 4.71 3/4 Down 27 3/4 CLOSE 4.95 Down 23</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>SEP19 HI 5.25 1/2 SEP20 HI 5.83</u></div>
<div><u> LOW 5.06 1/4 LOW 5.65</u></div>
<div><u> CLOSE 5.09 1/4 Down 10 1/2 CLOSE 5.66 1/2 Down 4 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 2.25 1.92 1.25</u></div>
<div><u>CAD $/bu 6.71 6.97 6.64 6.34</u></div>
<div><u>CAD $/tonne 246.38 256.10 243.95 233.01</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 1.65 N/A N/A N/A 1.20 N/A</u></div>
<div><u>London 1.72 1.98 1.65 N/A 1.32 1.45 1.12 N/A</u></div>
<div><u>Hensall 1.80 N/A 1.65 N/A 1.40 N/A 1.20 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 1.75 2.00 1.65 1.30 1.40 1.60 1.20 N/A</u></div>
<div><u>Essex N/A N/A 1.60 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Norwich 1.80 N/A 1.65 N/A 1.40 N/A 1.20 N/A</u></div>
<div><u>Port Hope N/A 1.90 1.70 N/A N/A 1.50 1.20 N/A</u></div>
<div><u>Kent Bridge 1.80 N/A 1.65 N/A 1.40 N/A 1.20 N/A</u></div>
<div><u>Chatham N/A N/A 1.65 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.65 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Palmerston N/A 2.22 1.68 1.20 N/A 1.59 1.24 0.90</u></div>
<div><u>Varna 1.75 2.05 1.65 N/A 1.35 1.55 1.15 N/A</u></div>
<div><u>Mitchell 1.80 2.00 1.65 N/A 1.40 1.60 1.20 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.56 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 2.15 1.90 1.15 N/A 1.74 1.49 0.90</u></div>
<div><u>W O Feed 2.26</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor 2.06 2.33 1.99 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 1.79 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.92US 6.51CA 4.90US 6.47CA</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 1.52 1.78 1.45 1.02</u></div>
<div><u>CAD $/bu 6.47 6.73 6.40 6.69</u></div>
<div><u>CAD $/tonne 237.68 247.38 235.26 245.69</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 453.50</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00 - 195.00</u></div>
<div><u><br>
</u></div>
<br>
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<p class="MsoNoSpacing" style="text-decoration-line: underline;"><span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p></o:p></span></p>
<p class="MsoNoSpacing" style="text-decoration-line: underline;"><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="text-decoration-line: underline;"><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="text-decoration-line: underline;"><span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
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