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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, September 4</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3223 down 0.0100</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC19 HI 3.63 DEC19 HI 3.63</u></div>
<div><u> LOW 3.56 1/2 LOW 3.56 1/2</u></div>
<div><u> CLOSE3.58 1/2 Down 2 1/2 CLOSE 3.58 1/2 Down 2 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+MAR20</u></div>
<div><u>CK Low 1.90 5.49 215.93 1.20 4.79 188.38</u></div>
<div><u>CK High 2.00 5.59 219.87 1.30 4.89 192.31</u></div>
<div><u>CK Avg 1.92 0.58 5.50 216.59 1.27 0.09 4.85 191.00</u></div>
<div><u>Essex Cty 1.90 5.49 215.93 1.30 4.89 192.31</u></div>
<div><u>Mdsx Low 1.90 5.49 215.93 1.20 4.79 188.38</u></div>
<div><u>Mdsx High 1.90 5.49 215.93 1.30 4.89 192.31</u></div>
<div><u>Mdsx Avg 1.90 0.56 5.49 215.93 1.25 0.08 4.84 190.35</u></div>
<div><u>Hensall 1.89 5.48 215.54 1.28 4.86 191.33</u></div>
<div><u>Bruce 2.00 5.59 219.87 1.30 4.89 192.31</u></div>
<div><u>Putnam 1.90 5.49 215.93 1.20 4.79 188.38</u></div>
<div><u>Burford 1.90 5.49 215.93 1.30 4.89 192.31</u></div>
<div><u>Port Perry 1.90 5.49 215.93 1.30 4.89 192.31</u></div>
<div><u>Norfolk 1.90 5.49 215.93 1.30 4.89 192.31</u></div>
<div><u>Palmerston 1.90 5.49 215.93 1.30 4.89 192.31</u></div>
<div><u>Varna 1.90 5.49 215.93 1.30 4.89 192.31</u></div>
<div><u>Trenton 2.00 5.59 219.87 1.30 4.89 192.31</u></div>
<div><u>Winchester N/A 1.39 4.98 195.86</u></div>
<div><u>North Gower 1.55 5.14 202.16 1.40 4.99 196.25</u></div>
<div><u>Huron FOB 2.05 5.64 221.84 1.30 4.89 192.31</u></div>
<div><u>Kent FOB 2.07 5.66 222.63 1.35 4.94 194.28</u></div>
<div><u>Lamb FOB 2.17 5.76 226.56 1.40 4.99 196.25</u></div>
<div><u>Mdsx FOB 2.15N/A N/A N/A 5.74 225.78 1.30 4.89 192.31</u></div>
<div><u>FOB SW Que 2.50 6.09 239.56 1.52 5.11 200.97</u></div>
<div><u>Track 2.36 5.95 234.04N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.44 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 4.99 196.25</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 5.09 200.19</u></div>
<div><u>W O Feed 2.47 6.05 238.22</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.37 5.96 234.44</u></div>
<div><u>Toledo El. 0.40 3.98 156.75 0.20 3.78 148.93</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.40 4.99 196.25</u></div>
<div><u>Prescott 2.15 5.74 225.78 1.40 4.99196 1/4</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.25 4.83 1/2</u></div>
<div><u>HI SD CRN 1.30 4.88 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 1.3223 down 0.0100</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV19 HI 8.79 1/2 NOV19 HI 8.79 1/2</u></div>
<div><u> LOW 8.64 1/4 LOW 8.64 1/4</u></div>
<div><u> CLOSE8.75 1/2 Up 7 CLOSE 8.75 1/2 Up 7</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 2.15 10.91 400.692.00 10.76 395.18</u></div>
<div><u>CK High 2.25 11.01 404.362.15 10.91 400.69</u></div>
<div><u>CK Average 2.20 -0.4710.96 402.602.09 -0.5410.85 398.55</u></div>
<div><u>Essex Cty N/A 2.10 10.86 398.85</u></div>
<div><u>Mdsx Low 2.16 10.92 401.062.05 10.81 397.02</u></div>
<div><u>Mdsx High 2.20 10.96 402.532.10 10.86 398.85</u></div>
<div><u>Mdsx Average 2.18 -0.4910.94 401.792.08 -0.5510.83 397.93</u></div>
<div><u>Hensall 2.20 10.96 402.532.10 10.86 398.85</u></div>
<div><u>Bruce 2.15 10.91 400.692.00 10.76 395.18</u></div>
<div><u>Putnam 2.20 10.96 402.532.10 10.86 398.85</u></div>
<div><u>Burford 2.21 10.97 402.892.10 10.86 398.85</u></div>
<div><u>Port Perry 2.18 10.94 401.792.07 10.83 397.75</u></div>
<div><u>Norfolk N/A 2.10 10.86 398.85</u></div>
<div><u>Palmerston 2.20 10.96 402.532.05 10.81 397.02</u></div>
<div><u>Varna 2.20 10.96 402.532.00 10.76 395.18</u></div>
<div><u>Trenton 2.15 10.91 400.692.05 10.81 397.02</u></div>
<div><u>Winchester N/A 2.05 10.81 397.02</u></div>
<div><u>North Gower 2.14 10.90 400.322.18 10.94 401.79</u></div>
<div><u>Huron FOB 2.35 11.11 408.042.10 10.86 398.85</u></div>
<div><u>Kent FOB N/A 2.10 10.86 398.85</u></div>
<div><u>Lambton FOB 2.45 11.21 411.712.25 11.01 404.36</u></div>
<div><u>Middlesex FOB2.41 2.20 N/A N/A 11.17 410.242.20 10.96 402.53</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.69 11.45 420.532.49 11.25 413.18</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.55 11.31 415.39</u></div>
<div><u>Prescott N/A 2.40 11.16 409.88</u></div>
<div><u>Port Colborne N/A 2.61 11.37 417.59</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.42 8.33 306.14-0.42 8.33 306.17</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3223 down 0.0100</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>DEC19 HI 4.65 JUL20 HI 4.78 1/2</u></div>
<div><u> LOW 4.54 LOW 4.69</u></div>
<div><u> CLOSE 4.60 3/4 Up 7 1/4 CLOSE 4.75 Up 5 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>DEC19 HI 4.96 SEP20 HI 5.38 1/4</u></div>
<div><u> LOW 4.87 LOW 5.34 1/4</u></div>
<div><u> CLOSE 4.94 Up 7 CLOSE 5.38 Up 6 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 1.95 2.21 1.88 1.20</u></div>
<div><u>CAD $/bu 6.56 6.82 6.49 6.14</u></div>
<div><u>CAD $/tonne 240.87 250.59 238.44 225.44</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 1.64 1.90 1.57 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 1.58 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 1.26 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 2.18 1.90 1.15 N/A 1.78 1.48 0.90</u></div>
<div><u>W O Feed 2.14</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor 1.98 2.24 1.91 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 1.82 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.79US 6.33CA 4.70US 6.21CA</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 1.46 1.72 1.39 0.93</u></div>
<div><u>CAD $/bu 6.21 6.47 6.14 6.31</u></div>
<div><u>CAD $/tonne 228.01 237.71 225.59 231.89</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 476.87</u></div>
<div><u>DDG's FOB Srn & Aylm 190.00 - 195.00</u></div>
<div><u><br>
</u></div>
<p></p>
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<p><span id="ms-rterangepaste-start"></span></p>
<p class="MsoNoSpacing"><span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p></o:p></span></p>
<p class="MsoNoSpacing"><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"><span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span><o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
<o:p></o:p></span></p>
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