<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=ks_c_5601-1987">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 2<br>
</u></span></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.3586 down 0.0009<br>
</u></div>
<div><u>Chicago corn closed moderately lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> SEP20 HI 3.53 1/2 DEC20 HI 3.63<br>
</u></div>
<div><u> LOW 3.43 LOW 3.52 3/4<br>
</u></div>
<div><u> CLOSE3.43 1/2 Down 7 CLOSE 3.53 1/2 Down 7<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS<br>
</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +SEP20+DEC20+DEC20<br>
</u></div>
<div><u>CK Low 1.35 4.79 188.38 0.90 4.44 174.60<br>
</u></div>
<div><u>CK High 1.35 4.79 188.38 0.95 4.49 176.57<br>
</u></div>
<div><u>CK Avg 1.35 0.09 4.79 188.38 0.91 -0.27 4.44 174.93<br>
</u></div>
<div><u>Essex Cty 1.35 4.79 188.38 0.90 4.44 174.60<br>
</u></div>
<div><u>Mdsx Low 1.35 4.79 188.38 0.90 4.44 174.60<br>
</u></div>
<div><u>Mdsx High 1.35 4.79 188.38 0.90 4.44 174.60<br>
</u></div>
<div><u>Mdsx Avg 1.35 0.09 4.79 188.38 0.90 -0.28 4.44 174.60<br>
</u></div>
<div><u>Hensall 1.37 4.80 189.03 0.92 4.45 175.25<br>
</u></div>
<div><u>Bruce 1.35 4.79 188.38 0.90 4.44 174.60<br>
</u></div>
<div><u>Putnam 1.35 4.79 188.38 0.90 4.44 174.60<br>
</u></div>
<div><u>Burford 1.35 4.79 188.38 0.90 4.44 174.60<br>
</u></div>
<div><u>Port Perry 1.50 4.94 194.28 1.10 4.64 182.47<br>
</u></div>
<div><u>Norfolk 1.35 4.79 188.38 0.90 4.44 174.60<br>
</u></div>
<div><u>Palmerston 1.41 4.85 190.74 1.00 4.54 178.54<br>
</u></div>
<div><u>Varna N/A 0.90 4.44 174.60<br>
</u></div>
<div><u>Trenton 1.50 4.94 194.28 1.10 4.64 182.47<br>
</u></div>
<div><u>Winchester 1.45 4.89 192.31 1.40 4.94 194.28<br>
</u></div>
<div><u>North Gower 1.40 4.84 190.35 1.40 4.94 194.28<br>
</u></div>
<div><u>Vankleek HilN/A 1.03 4.57 179.72<br>
</u></div>
<div><u>Huron FOB 1.70 5.14 202.16 0.90 4.44 174.60<br>
</u></div>
<div><u>Kent FOB 1.51 4.95 194.68 0.95 4.49 176.57<br>
</u></div>
<div><u>Lamb FOB 1.55 4.99 196.25 1.05 4.59 180.50<br>
</u></div>
<div><u>Mdsx FOB 1.60 1.60N/A N/A 5.04 198.22 1.00 4.54 178.54<br>
</u></div>
<div><u>FOB SW Que 2.10 5.54 217.90N/A<br>
</u></div>
<div><u>Track 1.77 5.21 204.91N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A 1.60 1.64N/A N/A<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Aylmer-Eth 1.70 1.74 1.70 1.50 5.14 202.16 1.15 4.69 184.44<br>
</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A 1.30 1.20 4.74 186.41<br>
</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Cardnl-Ing N/A 2.00N/A 2.00 1.55 5.09 200.19<br>
</u></div>
<div><u>W O Feed 1.86 5.30 208.59<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.98 5.42 213.18<br>
</u></div>
<div><u>Toledo El. -0.07 3.37 132.56 -0.27 3.26 128.46<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.90 5.34 210.03 1.35 4.89 192.31<br>
</u></div>
<div><u>Prescott 2.01 5.45 214.36 1.45 4.99 196.25<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 0.95 4.48 1/2<br>
</u></div>
<div><u>*Wet Bid<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3586 down 0.0009<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> AUG20 HI 8.95 3/4 NOV20 HI 9.03<br>
</u></div>
<div><u> LOW 8.89 LOW 8.95 1/2<br>
</u></div>
<div><u> CLOSE8.91 1/4 Down 1/4 CLOSE 8.96 3/4 Down 2 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP<br>
</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +AUG20+NOV20+NOV20<br>
</u></div>
<div><u>CK Low 2.85 11.76 432.20 2.55 11.52 423.20<br>
</u></div>
<div><u>CK High 2.85 11.76 432.20 2.65 11.62 426.87<br>
</u></div>
<div><u>CK Average 2.85 -0.25 11.76 432.20 2.58 -0.48 11.54 424.11<br>
</u></div>
<div><u>Essex Cty 2.85 11.76 432.20 2.55 11.52 423.20<br>
</u></div>
<div><u>Mdsx Low 2.83 11.74 431.46 2.53 11.50 422.46<br>
</u></div>
<div><u>Mdsx High 2.85 11.76 432.20 2.60 11.57 425.03<br>
</u></div>
<div><u>Mdsx Average2.84 -0.26 11.75 431.83 2.57 -0.49 11.53 423.75<br>
</u></div>
<div><u>Hensall 2.85 11.76 432.20 2.57 11.53 423.81<br>
</u></div>
<div><u>Bruce 2.85 11.76 432.20 2.55 11.52 423.20<br>
</u></div>
<div><u>Putnam 2.85 11.76 432.20 2.60 11.57 425.03<br>
</u></div>
<div><u>Burford 2.90 11.81 434.04 2.60 11.57 425.03<br>
</u></div>
<div><u>Port Perry 2.85 11.76 432.20 2.55 11.52 423.20<br>
</u></div>
<div><u>Norfolk 2.85 11.76 432.20 2.60 11.57 425.03<br>
</u></div>
<div><u>Palmerston 2.85 11.76 432.20 2.61 11.58 425.40<br>
</u></div>
<div><u>Varna 2.85 11.76 432.20 2.55 11.52 423.20<br>
</u></div>
<div><u>Trenton 2.85 11.76 432.20 2.60 11.57 425.03<br>
</u></div>
<div><u>Winchester 2.85 11.76 432.20 2.60 11.57 425.03<br>
</u></div>
<div><u>North Gower 2.80 11.71 430.36 2.65 11.62 426.87<br>
</u></div>
<div><u>Vankleek Hil N/A 2.77 11.74 431.28<br>
</u></div>
<div><u>Huron FOB 3.19 12.10 444.69 2.74 11.71 430.18<br>
</u></div>
<div><u>Kent FOB 2.95 11.86 435.87 2.55 11.52 423.20<br>
</u></div>
<div><u>Lambton FOB 3.00 11.91 437.71 2.70 11.67 428.71<br>
</u></div>
<div><u>Mdsx FOB 2.96 3.03 N/A N/A 11.87 436.24 2.82 11.79 433.12<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.33 12.24 449.83 2.94 11.91 437.53<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.35 12.26 450.57 3.05 12.02 441.57<br>
</u></div>
<div><u>Prescott N/A 3.09 12.06 443.04<br>
</u></div>
<div><u>Port Colborn3.20 12.11 445.06 3.22 12.19 447.81<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.91 327.48 -0.34 8.63 317.00<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3586 down 0.0009<br>
</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>SEP20 HI 4.99 1/4 JUL21 HI 5.18<br>
</u></div>
<div><u> LOW 4.88 1/2 LOW 5.10 3/4<br>
</u></div>
<div><u> CLOSE 4.92 Down 6 3/4 CLOSE 5.13 3/4 Down 4 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>SEP20 HI 5.18 SEP21 HI 5.64<br>
</u></div>
<div><u> LOW 5.10 LOW 5.63 3/4<br>
</u></div>
<div><u> CLOSE 5.10 1/4 Down 7 1/4 CLOSE 5.64 Down 3 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 1.42 1.76 1.42 1.22<br>
</u></div>
<div><u>CAD $/bu 6.34 6.68 6.34 6.32<br>
</u></div>
<div><u>CAD $/tonne 233.13 245.61 233.13 232.25<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2020 Harvest 2021<br>
</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS<br>
</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</u></div>
<div><u>ELEVATORS<br>
</u></div>
<div><u>Brgssvll N/A N/A 1.10 N/A N/A N/A 1.10 N/A<br>
</u></div>
<div><u>London 1.37 1.57 1.16 N/A 1.51 1.58 1.10 N/A<br>
</u></div>
<div><u>Hensall 1.25 N/A 1.10 N/A 1.25 N/A 1.10 N/A<br>
</u></div>
<div><u>Trenton N/A N/A 1.20 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Bruce 1.20 1.50 1.10 1.20 1.20 1.50 1.10 N/A<br>
</u></div>
<div><u>Essex N/A N/A 1.10 N/A N/A N/A 1.05 N/A<br>
</u></div>
<div><u>Norwich 1.25 N/A 1.10 N/A 1.25 N/A 1.10 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.20 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Kent Bridge 1.25 N/A 1.10 N/A 1.25 N/A 1.10 N/A<br>
</u></div>
<div><u>Chatham N/A N/A 1.10 N/A N/A N/A 1.10 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.10 N/A N/A N/A 1.10 N/A<br>
</u></div>
<div><u>Palmerston N/A 1.56 1.14 1.15 N/A 1.62 1.21 0.87<br>
</u></div>
<div><u>Varna 1.20 1.50 1.10 N/A 1.20 1.50 1.10 N/A<br>
</u></div>
<div><u>Mitchell 1.25 1.45 1.10 N/A 1.25 1.45 1.10 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 0.98 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.60 1.35 1.10 N/A 1.68 1.38 1.00<br>
</u></div>
<div><u>W O Feed 1.92<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 1.50 N/A N/A N/A 1.50 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.04 N/A N/A N/A N/A N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.02US 6.82CA 5.09US 6.92CA<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 1.58 1.72 1.44 1.22<br>
</u></div>
<div><u>CAD $/bu 6.72 6.85 6.58 6.86<br>
</u></div>
<div><u>CAD $/tonne 246.82 251.81 241.82 251.94<br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures<br>
</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange<br>
</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS<br>
</u></div>
<div><u>FOB Hm Soymeal 490.76<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 195.00 </u></div>
<div><u><br>
</u></div>
<div>---</div>
<div><u><br>
</u></div>
<div>Ontario Grain Market Commentary for July 1, 2020<br>
</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div><br>
</div>
<div>
<div>Wednesday, July 1, 2020<br>
</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT<br>
</div>
<div>Corn CBOT Sept 3.50¨ö ¡è 26¨ù Cents<br>
</div>
<div>Soybeans CBOT Sept 8.91¨ù ¡è 20¨ö Cent<br>
</div>
<div>Wheat CBOT Sept 4.98¨ö ¡è 17¨ù Cents<br>
</div>
<div>Wheat Minn. Sept 5.17¨ö ¡è 1¨ù Cents<br>
</div>
<div>Wheat Kansas Sept 4.42¨ú ¡è 11¨ö Cent<br>
</div>
<div>Oats CBOT Sept 2.91¨ù ¡é 13¨ö Cents<br>
</div>
<div><br>
</div>
<div>Canadian $ Sept 0.7362 ¡è 12 Points<br>
</div>
<div><br>
</div>
<div>CORN: <br>
</div>
<div>The USDA¡¯s June acreage report puts corn acres at 92 million. The trade was expecting 95 million while the USDA March estimates for corn were 97 million acres. Corn acres are 5 million acres lower that what was reported in the March planting intentions.</div>
<div>Corn futures climbed on news of the USDA report. Corn futures are trading in areas not seen since the end of March and are currently trading over 30 cents higher than the recent lows in the market as of the date of this report.<br>
</div>
<div><br>
</div>
<div>SOYBEANS: <br>
</div>
<div>According to the USDA, U.S. farmers planted 84 million acres of soybeans. This was an increase of 300,000 acres from the March planting intentions report. The trade was expecting a larger increase in planted acres.<br>
</div>
<div>China has booked another 126,000 tonnes of soybeans from the U.S. for delivery in the 2020/2021 crop year. Even with the latest round of Chinese agriculture purchases, they are still well below the US-China Phase 1 trade deal levels.<br>
</div>
<div><br>
</div>
<div>WHEAT:<br>
</div>
<div>U.S. wheat harvest was 41% complete as of Sunday June 27. This pace, while in-line with the five-year average, was slower than what the trade was anticipating. With unfavourable growing conditions in the EU and Britain, wheat production is expected to
drop 10%. There were solid wet periods during fall planting in France and Britain and dry conditions this spring affecting much of Europe.</div>
<div><br>
</div>
<div>2020 harvest prices for July 1, 2020, at the market close, are as follows:<br>
</div>
<div><br>
</div>
<div>SWW at $236.32/mt ($6.43/bu), HRW at $248.80/mt ($6.77/bu) + protein, <br>
</div>
<div>HRS at $ 236.32/mt ($6.42/bu) + protein, and SRW at $236.32 /mt ($6.43/bu).<br>
</div>
<div><br>
</div>
<div>We offer on farm bids for 2020 wheat and 2021 harvest prices as well, please call
<br>
</div>
<div>1-800-265-0550 for more information.<br>
</div>
<div><br>
</div>
<div>---</div>
<div><br>
</div>
<div>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
<br>
<span style="background:#FDFDFD">Click on this link:<span><span style="color:#333333"> </span></span></span><span><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span><span style="color:#333333;background:#FDFDFD"> </span></span><span style="background:#FDFDFD"> to
unsubscribe from this report.</span><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario</span></span></p>
<br>
</div>
<div><br>
</div>
</div>
</div>
</body>
</html>