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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 24</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3421 up 0.0020</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP20 HI 3.29 3/4 DEC20 HI 3.37 1/2</u></div>
<div><u> LOW 3.25 1/2 LOW 3.34 1/4</u></div>
<div><u> CLOSE3.26 1/4 Down 1 3/4 CLOSE 3.35 Down 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 +SEP20+DEC20+DEC20</u></div>
<div><u>CK Low 1.50 4.76 187.49 0.95 4.30 169.28</u></div>
<div><u>CK High 1.55 4.81 189.46 1.00 4.35 171.25</u></div>
<div><u>CK Avg 1.54 0.32 4.80 189.13 0.96 -0.14 4.31 169.61</u></div>
<div><u>Essex Cty 1.55 4.81 189.46 0.95 4.30 169.28</u></div>
<div><u>Mdsx Low 1.55 4.81 189.46 0.95 4.30 169.28</u></div>
<div><u>Mdsx High 1.55 4.81 189.46 1.00 4.35 171.25</u></div>
<div><u>Mdsx Avg 1.55 0.32 4.81 189.46 0.98 -0.13 4.33 170.27</u></div>
<div><u>Hensall 1.57 4.83 190.12 1.02 4.37 171.91</u></div>
<div><u>Bruce 1.50 4.76 187.49 1.00 4.35 171.25</u></div>
<div><u>Putnam 1.55 4.81 189.46 0.95 4.30 169.28</u></div>
<div><u>Burford 1.55 4.81 189.46 0.95 4.30 169.28</u></div>
<div><u>Port Perry 1.55 4.81 189.46 1.25 4.60 181.09</u></div>
<div><u>Norfolk 1.55 4.81 189.46 0.95 4.30 169.28</u></div>
<div><u>Palmerston 1.52 4.78 188.28 1.01 4.36 171.65</u></div>
<div><u>Varna 1.55 4.81 189.46 1.00 4.35 171.25</u></div>
<div><u>Trenton 1.55 4.81 189.46 1.25 4.60 181.09</u></div>
<div><u>Winchester 1.50 4.76 187.49 1.40 4.75 187.00</u></div>
<div><u>North Gower 1.45 4.71 185.52 1.45 4.80 188.97</u></div>
<div><u>Vankleek HilN/A 1.08 4.43 174.40</u></div>
<div><u>Huron FOB 1.77 5.03 198.12 1.07 4.42 174.01</u></div>
<div><u>Kent FOB 1.75 5.01 197.33 1.05 4.40 173.22</u></div>
<div><u>Lamb FOB 1.71 4.97 195.76 1.00 4.35 171.25</u></div>
<div><u>Mdsx FOB 1.70 1.80N/A N/A 4.96 195.36 1.10 4.45 175.19</u></div>
<div><u>FOB SW Que 2.10 5.36 211.11N/A</u></div>
<div><u>Track 1.96 5.22 205.40N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.67N/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 1.92 2.00 2.00 1.80 5.18 204.03 1.25 4.60 181.09</u></div>
<div><u>Sarn-Eth N/A N/A 2.00N/A 1.15 4.50 177.16</u></div>
<div><u>London-Ing N/A N/A N/A 1.40 1.30 4.65 183.06</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 N/A 2.05 1.55 4.90 192.90</u></div>
<div><u>W O Feed 1.99 5.25 206.62</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.92 5.18 204.03</u></div>
<div><u>Toledo El. -0.07 3.20 125.80 -0.27 3.08 121.32</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.00 5.26 207.18 1.35 4.70 185.03</u></div>
<div><u>Prescott 1.71 4.97 195.76 1.35 4.70 185.03</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 4.351</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3421 up 0.0020</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> NOV20 HI 9.03 3/4 NOV20 HI 9.03 3/4</u></div>
<div><u> LOW 8.94 3/4 LOW 8.94 3/4</u></div>
<div><u> CLOSE8.99 1/4 Down 3/4 CLOSE 8.99 1/4 Down 3/4</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 Basis U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +NOV20+NOV20+NOV20</u></div>
<div><u>CK Low 2.70 11.69 429.63 2.57 11.56 424.85</u></div>
<div><u>CK High 2.75 11.74 431.46 2.65 11.64 427.79</u></div>
<div><u>CK Average 2.73 -0.26 11.72 430.80 2.60 -0.35 11.60 426.07</u></div>
<div><u>Essex Cty 2.70 11.69 429.63 2.55 11.54 424.11</u></div>
<div><u>Mdsx Low 2.69 11.68 429.26 2.55 11.54 424.11</u></div>
<div><u>Mdsx High 2.75 11.74 431.46 2.60 11.59 425.95</u></div>
<div><u>Mdsx Average2.72 -0.27 11.71 430.36 2.58 -0.37 11.57 425.03</u></div>
<div><u>Hensall 2.70 11.69 429.50 2.60 11.59 425.95</u></div>
<div><u>Bruce 2.64 11.63 427.42 2.60 11.59 425.95</u></div>
<div><u>Putnam 2.75 11.74 431.46 2.60 11.59 425.95</u></div>
<div><u>Burford 2.76 11.75 431.83 2.62 11.61 426.69</u></div>
<div><u>Port Perry 2.71 11.70 429.99 2.57 11.56 424.85</u></div>
<div><u>Norfolk 2.75 11.74 431.46 2.60 11.59 425.95</u></div>
<div><u>Palmerston 2.63 11.62 427.05 2.58 11.57 425.22</u></div>
<div><u>Varna 2.64 11.63 427.42 2.60 11.59 425.95</u></div>
<div><u>Trenton N/A 2.60 11.59 425.95</u></div>
<div><u>Winchester N/A 2.60 11.59 425.95</u></div>
<div><u>North Gower 2.69 11.68 429.26 2.67 11.66 428.52</u></div>
<div><u>Vankleek Hil N/A 2.92 11.91 437.71</u></div>
<div><u>Huron FOB 2.77 11.76 432.20 2.63 11.62 427.05</u></div>
<div><u>Kent FOB 2.80 11.79 433.30 2.60 11.59 425.95</u></div>
<div><u>Lambton FOB 2.69 11.68 429.26 2.70 11.69 429.63</u></div>
<div><u>Mdsx FOB 2.81 2.88 N/A N/A 11.80 433.67 2.67 11.66 428.52</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.01 12.00 441.02 2.81 11.80 433.67</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.20 12.19 448.00 3.05 12.04 442.49</u></div>
<div><u>Prescott N/A 3.06 12.05 442.85</u></div>
<div><u>Port Colborn3.02 12.01 441.38 3.08 12.07 443.59</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.99 330.42 -0.34 8.66 318.09</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3421 up 0.0020</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>SEP20 HI 5.44 JUL21 HI 5.53</u></div>
<div><u> LOW 5.30 LOW 5.41</u></div>
<div><u> CLOSE 5.39 1/2 Up 10 CLOSE 5.50 3/4 Up 11 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>SEP20 HI 5.20 1/4 SEP21 HI 5.69 1/2</u></div>
<div><u> LOW 5.10 LOW 5.65</u></div>
<div><u> CLOSE 5.15 1/4 Up 5 1/4 CLOSE 5.65 Up 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.58 1.85 1.58 1.16</u></div>
<div><u>CAD $/bu 6.97 7.24 6.97 6.31</u></div>
<div><u>CAD $/tonne 256.19 266.05 256.19 231.90</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2020 Harvest 2021</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 1.15 N/A N/A N/A 1.10 N/A</u></div>
<div><u>London 1.29 1.56 1.09 N/A 1.53 1.60 1.13 N/A</u></div>
<div><u>Hensall 1.40 N/A 1.15 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Trenton N/A N/A 1.15 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Bruce 1.25 1.55 1.15 0.95 1.20 1.50 1.10 N/A</u></div>
<div><u>Essex N/A N/A 1.15 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Norwich 1.40 N/A 1.15 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Port Hope N/A N/A 1.15 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Kent Bridge 1.40 N/A 1.15 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Chatham N/A N/A 1.15 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 1.57 1.17 1.09 N/A 1.67 1.20 0.79</u></div>
<div><u>Varna 1.40 1.55 1.15 N/A 1.40 1.55 1.15 N/A</u></div>
<div><u>Mitchell 1.40 1.50 1.15 N/A 1.35 1.45 1.10 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.33 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.55 1.38 1.12 N/A 1.61 1.35 1.00</u></div>
<div><u>W O Feed 1.72</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.56 N/A N/A N/A 1.53 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.98 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.45US 7.31CA 5.46US 7.33CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.62 1.75 1.55 1.13</u></div>
<div><u>CAD $/bu 7.12 7.26 7.06 6.78</u></div>
<div><u>CAD $/tonne 261.77 266.70 259.30 249.07</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 481.17</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 195.00</u></div>
<div><u><br>
</u></div>
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<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<p class="MsoNoSpacing" style=""><span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<o:p style=""> </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<span style="mso-spacerun:yes">
</span><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>
<p class="MsoNoSpacing" style=""><span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
<br>
<span style="background: rgb(253, 253, 253);">Click on this link:<span class="apple-converted-space"><span style="color:#333333"> </span></span></span><span class="object" style=""><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space" style=""><span style="color:#333333;background:#FDFDFD"> </span></span><span style="background: rgb(253, 253, 253);"> to
unsubscribe from this report.</span><br>
<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<o:p style=""> </o:p></span></span></p>
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