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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, August 20</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3316 down 0.0008</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 3.70 1/4 DEC19 HI 3.79 3/4</u></div>
<div><u> LOW 3.59 1/4 LOW 3.68 1/4</u></div>
<div><u> CLOSE3.59 1/2 Down 5 1/2 CLOSE 3.68 3/4 Down 5 3/4</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 +DEC19+DEC19+DEC19</u></div>
<div><u>CK Low 1.95 5.55 218.30 1.25 4.94 194.38</u></div>
<div><u>CK High 2.05 5.65 222.23 1.30 4.99 196.35</u></div>
<div><u>CK Avg 1.97 0.58 5.56 218.95 1.29 0.05 4.98 196.02</u></div>
<div><u>Essex Cty 2.05 5.65 222.23 1.30 4.99 196.35</u></div>
<div><u>Mdsx Low 1.95 5.55 218.30 1.30 4.99 196.35</u></div>
<div><u>Mdsx High 1.95 5.55 218.30 1.30 4.99 196.35</u></div>
<div><u>Mdsx Avg 1.95 0.57 5.55 218.30 1.30 0.06 4.99 196.35</u></div>
<div><u>Hensall 1.95 5.55 218.30 1.33 5.01 197.33</u></div>
<div><u>Bruce 1.95 5.55 218.30 1.30 4.99 196.35</u></div>
<div><u>Putnam 1.95 5.55 218.30 1.30 4.99 196.35</u></div>
<div><u>Burford 1.95 5.55 218.30 1.30 4.99 196.35</u></div>
<div><u>Port Perry 1.95 5.55 218.30 1.30 4.99 196.35</u></div>
<div><u>Norfolk 2.05 5.65 222.23 1.30 4.99 196.35</u></div>
<div><u>Palmerston 1.80 5.40 212.39 1.30 4.99 196.35</u></div>
<div><u>Varna 1.90 5.50 216.33 1.30 4.99 196.35</u></div>
<div><u>Trenton 1.95 5.55 218.30 1.30 4.99 196.35</u></div>
<div><u>Winchester N/A 1.40 5.09 200.29</u></div>
<div><u>North Gower 1.55 5.15 202.55 1.40 5.09 200.29</u></div>
<div><u>Huron FOB 2.10 5.70 224.20 1.30 4.99 196.35</u></div>
<div><u>Kent FOB 2.20 5.80 228.14 1.35 5.04 198.32</u></div>
<div><u>Lamb FOB 2.10 5.70 224.20 1.35 5.04 198.32</u></div>
<div><u>Mdsx FOB 2.15N/A N/A N/A 5.75 226.17 1.30 4.99 196.35</u></div>
<div><u>FOB SW Que 2.52 6.12 240.74 1.51 5.20 204.62</u></div>
<div><u>Track 2.35 5.95 234.04N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.42 1.42 1.42 5.11 201.07</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A 2.35N/A N/A</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A 1.40 5.09 200.29</u></div>
<div><u>London-Ing N/A N/A 1.95N/A N/A</u></div>
<div><u>Pt.Colb-Ing N/A N/A 1.80 1.75 1.75* 5.44 214.06</u></div>
<div><u>Cardnl-Ing N/A N/A 1.55 1.50 1.50 5.19 204.22</u></div>
<div><u>W O Feed 2.56 6.15 242.15</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.54 6.14 241.52</u></div>
<div><u>Toledo El. 0.51 4.10 161.45 0.20 3.89 153.03</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.65 5.34 210.13</u></div>
<div><u>Prescott 2.05 5.65 222.23 1.50 5.19204 2/9</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.27 1/2 4.96 1/4</u></div>
<div><u>HI SD CRN 1.30 4.98 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 1.3316 down 0.0008</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV19 HI 8.74 3/4 NOV19 HI 8.74 3/4</u></div>
<div><u> LOW 8.65 3/4 LOW 8.65 3/4</u></div>
<div><u> CLOSE8.68 1/4 Up 1 3/4 CLOSE 8.68 1/4 Up 1 3/4</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 2.20 10.88 399.862.05 10.73 394.35</u></div>
<div><u>CK High 2.30 10.98 403.542.16 10.84 398.39</u></div>
<div><u>CK Average 2.26 -0.4710.94 401.952.10 -0.5810.78 396.25</u></div>
<div><u>Essex Cty 2.25 10.93 401.702.10 10.78 396.19</u></div>
<div><u>Mdsx Low 2.17 10.85 398.762.09 10.77 395.82</u></div>
<div><u>Mdsx High 2.30 10.98 403.542.10 10.78 396.19</u></div>
<div><u>Mdsx Average 2.24 -0.4810.92 401.152.10 -0.5910.78 396.01</u></div>
<div><u>Hensall 2.30 10.98 403.542.10 10.78 396.19</u></div>
<div><u>Bruce 2.25 10.93 401.702.05 10.73 394.35</u></div>
<div><u>Putnam 2.30 10.98 403.542.10 10.78 396.19</u></div>
<div><u>Burford 2.22 10.90 400.602.14 10.82 397.66</u></div>
<div><u>Port Perry 2.19 10.87 399.502.11 10.79 396.56</u></div>
<div><u>Norfolk 2.25 10.93 401.702.10 10.78 396.19</u></div>
<div><u>Palmerston 2.25 10.93 401.702.05 10.73 394.35</u></div>
<div><u>Varna 2.30 10.98 403.542.10 10.78 396.19</u></div>
<div><u>Trenton 2.15 10.83 398.032.15 10.83 398.03</u></div>
<div><u>Winchester N/A 2.20 10.88 399.86</u></div>
<div><u>North Gower 2.01 10.69 392.882.18 10.86 399.13</u></div>
<div><u>Huron FOB 2.40 11.08 407.212.20 10.88 399.86</u></div>
<div><u>Kent FOB 2.30 10.98 403.542.10 10.78 396.19</u></div>
<div><u>Lambton FOB 2.15 10.83 398.032.25 10.93 401.70</u></div>
<div><u>Middlesex FOB2.56 2.56 N/A N/A 11.24 413.092.22 10.90 400.60</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.62 11.30 415.302.42 11.10 407.95</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.80 11.48 421.912.55 11.23 412.72</u></div>
<div><u>Prescott N/A 2.40 11.08 407.21</u></div>
<div><u>Port Colborne N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.33 8.35 306.80-0.49 8.19 300.93</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3316 down 0.0008</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>SEP19 HI 4.68 3/4 JUL20 HI 4.91 3/4</u></div>
<div><u> LOW 4.56 3/4 LOW 4.80 3/4</u></div>
<div><u> CLOSE 4.60 Down 5 1/2 CLOSE 4.84 Down 5 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>SEP19 HI 5.06 SEP20 HI 5.60 1/4</u></div>
<div><u> LOW 5.03 LOW 5.60</u></div>
<div><u> CLOSE 5.04 Down 1 1/2 CLOSE 5.60 Down 3/4</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 1.99 2.26 1.92 1.27</u></div>
<div><u>CAD $/bu 6.59 6.86 6.52 6.31</u></div>
<div><u>CAD $/tonne 242.19 251.97 239.74 231.91</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 1.10 N/A</u></div>
<div><u>London 1.68 1.95 1.62 N/A 1.30 1.43 1.10 N/A</u></div>
<div><u>Hensall 1.70 N/A 1.60 N/A 1.30 N/A 1.10 N/A</u></div>
<div><u>Trenton N/A N/A 1.60 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Bruce 1.70 2.00 1.60 1.30 1.30 1.50 1.10 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 1.30 N/A 1.10 N/A</u></div>
<div><u>Port Hope N/A 1.85 1.65 N/A N/A 1.45 1.20 N/A</u></div>
<div><u>Kent Bridge 1.70 N/A 1.60 N/A 1.30 N/A 1.10 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 2.00 1.60 1.30 N/A 1.59 1.24 0.95</u></div>
<div><u>Varna 1.70 2.00 1.60 N/A 1.30 1.50 1.10 N/A</u></div>
<div><u>Mitchell 1.70 1.90 1.60 N/A 1.30 1.50 1.10 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.45 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 2.15 1.88 1.15 N/A 1.79 1.47 0.90</u></div>
<div><u>W O Feed 2.25</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor 2.02 2.29 1.96 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. 4.80US 6.39CA 4.79US 6.38CA</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 1.54 1.80 1.47 1.06</u></div>
<div><u>CAD $/bu 6.38 6.64 6.31 6.66</u></div>
<div><u>CAD $/tonne 234.29 244.08 231.85 244.57</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 455.26</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00 - 195.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
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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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