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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, August 27</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3281 up 0.0022</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP19 HI 3.60 DEC19 HI 3.69 1/4</u></div>
<div><u> LOW 3.56 3/4 LOW 3.65 3/4</u></div>
<div><u> CLOSE3.57 Down 1 1/2 CLOSE 3.66 1/4 Down 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 1.95 5.52 217.31 1.30 4.96 195.36</u></div>
<div><u>CK High 2.00 5.57 219.28 1.30 4.96 195.36</u></div>
<div><u>CK Avg 1.97 0.60 5.54 217.97 1.30 0.08 4.96 195.36</u></div>
<div><u>Essex Cty 2.00 5.57 219.28 1.30 4.96 195.36</u></div>
<div><u>Mdsx Low 1.95 5.52 217.31 1.30 4.96 195.36</u></div>
<div><u>Mdsx High 1.95 5.52 217.31 1.30 4.96 195.36</u></div>
<div><u>Mdsx Avg 1.95 0.59 5.52 217.31 1.30 0.08 4.96 195.36</u></div>
<div><u>Hensall 1.95 5.52 217.31 1.33 4.99 196.35</u></div>
<div><u>Bruce 1.95 5.52 217.31 1.30 4.96 195.36</u></div>
<div><u>Putnam 1.95 5.52 217.31 1.30 4.96 195.36</u></div>
<div><u>Burford 1.95 5.52 217.31 1.30 4.96 195.36</u></div>
<div><u>Port Perry 1.95 5.52 217.31 1.30 4.96 195.36</u></div>
<div><u>Norfolk 2.00 5.57 219.28 1.30 4.96 195.36</u></div>
<div><u>Palmerston 1.80 5.37 211.41 1.30 4.96 195.36</u></div>
<div><u>Varna 1.95 5.52 217.31 1.30 4.96 195.36</u></div>
<div><u>Trenton 2.00 5.57 219.28 1.30 4.96 195.36</u></div>
<div><u>Winchester N/A 1.37 5.03 198.12</u></div>
<div><u>North Gower 1.60 5.17 203.53 1.40 5.06 199.30</u></div>
<div><u>Huron FOB 2.10 5.67 223.22 1.30 4.96 195.36</u></div>
<div><u>Kent FOB 2.15 5.72 225.19 1.35 5.01 197.33</u></div>
<div><u>Lamb FOB 2.00 5.57 219.28 1.40 5.06 199.30</u></div>
<div><u>Mdsx FOB 2.15N/A N/A N/A 5.72 225.19 1.30 4.96 195.36</u></div>
<div><u>FOB SW Que 2.64 6.21 244.48 1.33 4.99 196.55</u></div>
<div><u>Track 2.33 5.90 232.08N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A N/A</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 2.25N/A N/A</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A 1.40 5.06 199.30</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 N/A N/A N/A*</u></div>
<div><u>Cardnl-Ing N/A N/A 1.55 1.50 1.50 5.16 203.24</u></div>
<div><u>W O Feed 2.60 6.17 242.74</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.49 6.06 238.57</u></div>
<div><u>Toledo El. 0.50 4.07 160.41 0.20 3.86 152.01</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.65 5.31 209.14</u></div>
<div><u>Prescott 2.05 5.62 221.25 1.40 5.06199 1/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.30 4.96 1/4</u></div>
<div><u>HI SD CRN 1.30 4.96 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3281 up 0.0022</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> NOV19 HI 8.66 NOV19 HI 8.66</u></div>
<div><u> LOW 8.56 LOW 8.56</u></div>
<div><u> CLOSE8.59 1/4 Down 8 CLOSE 8.59 1/4 Down 8</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 2.13 10.72 393.981.95 10.54 387.37</u></div>
<div><u>CK High 2.15 10.74 394.722.05 10.64 391.04</u></div>
<div><u>CK Average 2.15 -0.5110.74 394.602.00 -0.6010.59 389.09</u></div>
<div><u>Essex Cty 2.15 10.74 394.722.00 10.59 389.21</u></div>
<div><u>Mdsx Low 2.06 10.65 391.411.95 10.54 387.37</u></div>
<div><u>Mdsx High 2.15 10.74 394.721.96 10.55 387.74</u></div>
<div><u>Mdsx Average 2.11 -0.5410.70 393.071.96 -0.6310.55 387.55</u></div>
<div><u>Hensall 2.20 10.79 396.562.00 10.59 389.21</u></div>
<div><u>Bruce 2.25 10.84 398.392.05 10.64 391.04</u></div>
<div><u>Putnam 2.15 10.74 394.721.95 10.54 387.37</u></div>
<div><u>Burford 2.11 10.70 393.252.01 10.60 389.58</u></div>
<div><u>Port Perry 2.08 10.67 392.151.98 10.57 388.47</u></div>
<div><u>Norfolk 2.15 10.74 394.722.00 10.59 389.21</u></div>
<div><u>Palmerston 2.25 10.84 398.392.05 10.64 391.04</u></div>
<div><u>Varna 2.20 10.79 396.562.00 10.59 389.21</u></div>
<div><u>Trenton 2.15 10.74 394.722.15 10.74 394.72</u></div>
<div><u>Winchester N/A 2.01 10.60 389.58</u></div>
<div><u>North Gower 2.10 10.69 392.882.18 10.77 395.82</u></div>
<div><u>Huron FOB 2.30 10.89 400.232.10 10.69 392.88</u></div>
<div><u>Kent FOB 2.25 10.84 398.392.00 10.59 389.21</u></div>
<div><u>Lambton FOB 2.40 10.99 403.912.15 10.74 394.72</u></div>
<div><u>Middlesex FOB2.43 2.43 N/A N/A 11.02 405.012.08 10.67 392.15</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.56 11.15 409.782.36 10.95 402.44</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.70 11.29 414.932.45 11.04 405.74</u></div>
<div><u>Prescott N/A 2.40 10.99 403.91</u></div>
<div><u>Port Colborne N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.33 8.26 303.52-0.49 8.10 297.71</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3281 up 0.0022</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>SEP19 HI 4.77 1/2 JUL20 HI 4.90 3/4</u></div>
<div><u> LOW 4.70 3/4 LOW 4.86</u></div>
<div><u> CLOSE 4.73 3/4 Up 3/4 CLOSE 4.87 Down 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>SEP19 HI 4.96 1/2 SEP20 HI 5.55</u></div>
<div><u> LOW 4.92 1/4 LOW 5.53</u></div>
<div><u> CLOSE 4.94 1/4 Up 1 1/2 CLOSE 5.53 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 2.02 2.28 1.95 1.22</u></div>
<div><u>CAD $/bu 6.76 7.02 6.69 6.17</u></div>
<div><u>CAD $/tonne 248.27 258.03 245.83 226.55</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 1.65 1.91 1.58 N/A 1.23 1.37 1.04 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 1.65 N/A N/A N/A 1.25 N/A</u></div>
<div><u>Bruce 1.70 2.00 1.60 1.30 1.30 1.50 1.10 0.95</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 1.70 N/A N/A 1.45 1.25 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 1.58 1.23 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 1.66 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 2.15 1.88 1.20 N/A 1.78 1.46 0.90</u></div>
<div><u>W O Feed 2.24</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor 1.99 2.25 1.92 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 1.93 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.94US 6.56CA 4.82US 6.39CA</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 1.00</u></div>
<div><u>CAD $/bu 6.39 6.65 6.32 6.53</u></div>
<div><u>CAD $/tonne 234.65 244.39 232.22 240.01</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 458.13</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<u><o:p></o:p></u></span></p>
<p class="MsoNoSpacing" style=""><span style="font-size: 10pt; 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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