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Note: U.S. markets were closed for the Independence Day holiday. A report is being sent today due to a couple of changes in Ontario basis values.</div>
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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 3<br>
</u></span>
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u><br>
</u></div>
<div><u>U.S. markets were closed for Independence Day<br>
</u></div>
<div><u>Exchange rate and futures values are from July 2.<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3586 up 0.0000<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 1.40 4.84 190.35 0.95 4.49 176.57<br>
</u></div>
<div><u>CK Avg 1.36 0.09 4.79 188.71 0.92 -0.26 4.45 175.25<br>
</u></div>
<div><u>Essex Cty 1.40 4.84 190.35 0.95 4.49 176.57<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 1.40 4.84 190.35 0.95 4.49 176.57<br>
</u></div>
<div><u>Palmerston 1.40 4.84 190.35 0.99 4.53 178.14<br>
</u></div>
<div><u>Varna 1.35 4.79 188.38 0.90 4.44 174.60<br>
</u></div>
<div><u>Trenton 1.55 4.99 196.25 1.15 4.69 184.44<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 1.56 5.00 196.64 1.05 4.59 180.50<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 2.08 5.52 217.12N/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 up 0.0000<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 2.60 11.57 425.03<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 2.83 11.74 431.46 2.59 11.56 424.67<br>
</u></div>
<div><u>Varna 2.85 11.76 432.20 2.60 11.57 425.03<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 3.31 12.22 449.10 2.92 11.89 436.79<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 up 0.0000<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 1.55 1.13 1.14 N/A 1.62 1.21 0.87<br>
</u></div>
<div><u>Varna 1.25 1.50 1.10 N/A 1.25 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><br>
</div>
<span></span><br>
</div>
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<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
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<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus</span></p>
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