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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, September 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3323 down 0.0006</u></div>
<div><u>Chicago corn closed moderately lower to lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC19 HI 3.70 DEC19 HI 3.70</u></div>
<div><u> LOW 3.60 1/2 LOW 3.60 1/2</u></div>
<div><u> CLOSE3.61 Down 8 3/4 CLOSE 3.61 Down 8 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+MAR20</u></div>
<div><u>CK Low 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>CK High 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>CK Avg 1.90 0.53 5.51 216.92 1.30 0.08 4.91 193.30</u></div>
<div><u>Essex Cty 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>Mdsx Low 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>Mdsx High 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>Mdsx Avg 1.90 0.53 5.51 216.92 1.30 0.08 4.91 193.30</u></div>
<div><u>Hensall 1.90 5.51 216.72 1.33 4.94 194.28</u></div>
<div><u>Bruce 2.00 5.61 220.86 1.30 4.91 193.30</u></div>
<div><u>Putnam 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>Burford 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>Port Perry 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>Norfolk 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>Palmerston 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>Varna 1.90 5.51 216.92 1.30 4.91 193.30</u></div>
<div><u>Trenton 2.00 5.61 220.86 1.30 4.91 193.30</u></div>
<div><u>Winchester N/A 1.40 5.01 197.23</u></div>
<div><u>North Gower 1.55 5.16 203.14 1.40 5.01 197.23</u></div>
<div><u>Huron FOB 2.05 5.66 222.82 1.30 4.91 193.30</u></div>
<div><u>Kent FOB 2.07 5.68 223.61 1.35 4.96 195.27</u></div>
<div><u>Lamb FOB 2.20 5.81 228.73 1.40 5.01 197.23</u></div>
<div><u>Mdsx FOB 2.15N/A N/A N/A 5.76 226.76 1.30 4.91 193.30</u></div>
<div><u>FOB SW Que 2.31 5.92 233.06 1.52 5.13 201.96</u></div>
<div><u>Track 2.23 5.84 229.91N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.47 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 2.25N/A 1.50 N/A</u></div>
<div><u>Sarn-Eth N/A N/A 1.40N/A 1.40 5.01 197.23</u></div>
<div><u>London-Ing N/A 1.95N/A 1.65 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 1.55 1.50 1.60 1.50 5.11 201.17</u></div>
<div><u>W O Feed 2.47 6.08 239.20</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.38 5.99 235.82</u></div>
<div><u>Toledo El. 0.40 4.01 157.85 0.20 3.81 149.97</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.65 5.26 207.08</u></div>
<div><u>Prescott 2.15 5.76 226.76 1.40 5.01197 1/4</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.30 4.91</u></div>
<div><u>HI SD CRN 1.30 4.91</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3323 down 0.0006</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> NOV19 HI 8.69 1/4 NOV19 HI 8.69 1/4</u></div>
<div><u> LOW 8.59 1/4 LOW 8.59 1/4</u></div>
<div><u> CLOSE8.68 1/2 Down 1/2 CLOSE 8.68 1/2 Down 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+JAN20</u></div>
<div><u>CK Low 2.20 10.89 399.962.05 10.74 394.44</u></div>
<div><u>CK High 2.30 10.99 403.632.15 10.84 398.12</u></div>
<div><u>CK Average 2.22 -0.5010.91 400.762.11 -0.5710.79 396.53</u></div>
<div><u>Essex Cty N/A 2.10 10.79 396.28</u></div>
<div><u>Mdsx Low 2.16 10.85 398.492.09 10.78 395.91</u></div>
<div><u>Mdsx High 2.20 10.89 399.962.10 10.79 396.28</u></div>
<div><u>Mdsx Average 2.18 -0.5310.87 399.222.10 -0.5810.78 396.10</u></div>
<div><u>Hensall 2.20 10.89 399.962.05 10.74 394.44</u></div>
<div><u>Bruce 2.15 10.84 398.122.00 10.69 392.61</u></div>
<div><u>Putnam 2.20 10.89 399.962.10 10.79 396.28</u></div>
<div><u>Burford 2.21 10.90 400.322.14 10.83 397.75</u></div>
<div><u>Port Perry 2.18 10.87 399.222.11 10.80 396.65</u></div>
<div><u>Norfolk N/A 2.10 10.79 396.28</u></div>
<div><u>Palmerston 2.20 10.89 399.962.05 10.74 394.44</u></div>
<div><u>Varna 2.20 10.89 399.962.00 10.69 392.61</u></div>
<div><u>Trenton 2.15 10.84 398.122.05 10.74 394.44</u></div>
<div><u>Winchester N/A 2.11 10.80 396.65</u></div>
<div><u>North Gower 2.14 10.83 397.752.18 10.87 399.22</u></div>
<div><u>Huron FOB 2.35 11.04 405.472.00 10.69 392.61</u></div>
<div><u>Kent FOB N/A 2.10 10.79 396.28</u></div>
<div><u>Lambton FOB 2.45 11.14 409.142.30 10.99 403.63</u></div>
<div><u>Middlesex FOB2.35 2.20 N/A N/A 11.04 405.472.20 10.89 399.96</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.95 11.64 427.512.55 11.24 412.82</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.55 11.24 412.82</u></div>
<div><u>Prescott N/A 2.40 11.09 407.30</u></div>
<div><u>Port Colborne N/A 2.61 11.30 415.02</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 8.26 303.45-0.43 8.26 303.49</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3323 down 0.0006</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>DEC19 HI 4.63 JUL20 HI 4.81</u></div>
<div><u> LOW 4.50 1/2 LOW 4.68 1/4</u></div>
<div><u> CLOSE 4.53 1/2 Down 9 CLOSE 4.69 1/2 Down 10</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>DEC19 HI 4.98 3/4 SEP20 HI 5.40 1/4</u></div>
<div><u> LOW 4.86 1/2 LOW 5.31 1/2</u></div>
<div><u> CLOSE 4.87 Down 9 3/4 CLOSE 5.31 1/2 Down 9 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 1.97 2.24 1.91 1.22</u></div>
<div><u>CAD $/bu 6.51 6.77 6.44 6.09</u></div>
<div><u>CAD $/tonne 239.13 248.92 236.69 223.71</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 1.92 1.58 N/A 1.21 1.41 1.08 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 1.20 N/A</u></div>
<div><u>Bruce 1.70 2.00 1.60 1.40 1.30 1.50 1.10 0.95</u></div>
<div><u>Essex N/A N/A 1.60 N/A N/A N/A 1.15 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 N/A 1.70 N/A N/A N/A 1.25 N/A</u></div>
<div><u>Kent Bridge 1.90 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 1.15 N/A</u></div>
<div><u>Brigden N/A N/A 1.60 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 2.00 1.60 1.40 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 1.27 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 2.18 1.90 1.15 N/A 1.79 1.49 0.90</u></div>
<div><u>W O Feed 2.18</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor 1.99 2.26 1.93 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 1.84 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.72US 6.28CA 4.65US 6.18CA</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 1.48 1.75 1.41 0.95</u></div>
<div><u>CAD $/bu 6.18 6.44 6.11 6.27</u></div>
<div><u>CAD $/tonne 226.93 236.70 224.49 230.35</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 456.81</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00 - 195.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div>
<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
<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>
<span style="font-size: 10pt; line-height: 115%; font-family: "Courier New";">Fax. 519-674-1530<br>
<br>
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
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