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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 31</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3392 down 0.0045</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP20 HI 3.17 1/2 DEC20 HI 3.28 1/4</u></div>
<div><u> LOW 3.14 1/2 LOW 3.25 1/2</u></div>
<div><u> CLOSE3.16 Up 1/4 CLOSE 3.27 Up 1/4</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 +DEC20+DEC20+DEC20</u></div>
<div><u>CK Low 1.55 4.71 185.42 0.95 4.22 166.13</u></div>
<div><u>CK High 1.65 4.81 189.36 1.00 4.27 168.10</u></div>
<div><u>CK Avg 1.57 0.37 4.73 186.08 0.96 -0.12 4.23 166.46</u></div>
<div><u>Essex Cty 1.65 4.81 189.36 0.95 4.22 166.13</u></div>
<div><u>Mdsx Low 1.55 4.71 185.42 0.95 4.22 166.13</u></div>
<div><u>Mdsx High 1.55 4.71 185.42 1.00 4.27 168.10</u></div>
<div><u>Mdsx Avg 1.55 0.36 4.71 185.42 0.98 -0.11 4.25 167.12</u></div>
<div><u>Hensall 1.58 4.74 186.74 1.02 4.29 168.76</u></div>
<div><u>Bruce 1.55 4.71 185.42 1.00 4.27 168.10</u></div>
<div><u>Putnam 1.55 4.71 185.42 0.95 4.22 166.13</u></div>
<div><u>Burford 1.55 4.71 185.42 0.95 4.22 166.13</u></div>
<div><u>Port Perry 1.55 4.71 185.42 1.25 4.52 177.94</u></div>
<div><u>Norfolk 1.65 4.81 189.36 0.95 4.22 166.13</u></div>
<div><u>Palmerston 1.47 4.63 182.28 0.97 4.24 166.92</u></div>
<div><u>Varna 1.55 4.71 185.42 1.00 4.27 168.10</u></div>
<div><u>Trenton 1.55 4.71 185.42 1.25 4.52 177.94</u></div>
<div><u>Winchester 1.55 4.71 185.42 1.40 4.67 183.85</u></div>
<div><u>North Gower 1.50 4.66 183.46 1.45 4.72 185.82</u></div>
<div><u>Vankleek HilN/A 1.17 4.44 174.80</u></div>
<div><u>Huron FOB 1.84 5.00 196.84 1.05 4.32 170.07</u></div>
<div><u>Kent FOB 1.85 5.01 197.23 1.05 4.32 170.07</u></div>
<div><u>Lamb FOB 1.72 4.88 192.12 1.05 4.32 170.07</u></div>
<div><u>Mdsx FOB 1.80 1.80N/A N/A 4.96 195.27 1.10 4.37 172.04</u></div>
<div><u>FOB SW Que 2.25 5.41 212.98N/A</u></div>
<div><u>Track 2.07 5.23 205.70N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.83N/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 1.80N/A 5.08 199.99 1.25 4.52 177.94</u></div>
<div><u>Sarn-Eth N/A 2.00N/A N/A 1.15 4.42 174.01</u></div>
<div><u>London-Ing N/A 2.05 2.10 1.60 1.35 4.62 181.88</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 2.10 1.80 1.55 4.82 189.76</u></div>
<div><u>W O Feed 2.06 5.22 205.40</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.87 5.03 198.02</u></div>
<div><u>Toledo El. -0.07 3.09 121.77 -0.27 3.00 118.16</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.00 5.16 203.14 1.35 4.62 181.88</u></div>
<div><u>Prescott 1.78 4.94 194.48 1.40 4.67 183.85</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 4.271</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3392 down 0.0045</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV20 HI 8.94 3/4 NOV20 HI 8.94 3/4</u></div>
<div><u> LOW 8.88 3/4 LOW 8.88 3/4</u></div>
<div><u> CLOSE8.92 1/2 Up 4 1/4 CLOSE 8.92 1/2 Up 4 1/4</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 2.60 11.53 423.47 2.55 11.48 421.63</u></div>
<div><u>CK High 2.63 11.56 424.57 2.55 11.48 421.63</u></div>
<div><u>CK Average 2.61 -0.32 11.53 423.65 2.55 -0.38 11.48 421.63</u></div>
<div><u>Essex Cty 2.60 11.53 423.47 2.50 11.43 419.80</u></div>
<div><u>Mdsx Low 2.60 11.53 423.47 2.53 11.46 420.90</u></div>
<div><u>Mdsx High 2.61 11.54 423.84 2.55 11.48 421.63</u></div>
<div><u>Mdsx Average2.61 -0.32 11.53 423.65 2.54 -0.39 11.47 421.27</u></div>
<div><u>Hensall 2.60 11.53 423.47 2.53 11.46 421.02</u></div>
<div><u>Bruce 2.60 11.53 423.47 2.50 11.43 419.80</u></div>
<div><u>Putnam 2.60 11.53 423.47 2.55 11.48 421.63</u></div>
<div><u>Burford 2.68 11.61 426.41 2.60 11.53 423.47</u></div>
<div><u>Port Perry 2.63 11.56 424.57 2.55 11.48 421.63</u></div>
<div><u>Norfolk 2.60 11.53 423.47 2.55 11.48 421.63</u></div>
<div><u>Palmerston 2.59 11.52 423.10 2.52 11.45 420.53</u></div>
<div><u>Varna 2.60 11.53 423.47 2.50 11.43 419.80</u></div>
<div><u>Trenton N/A 2.55 11.48 421.63</u></div>
<div><u>Winchester 2.65 11.58 425.31 2.65 11.58 425.31</u></div>
<div><u>North Gower 2.68 11.61 426.41 2.65 11.58 425.31</u></div>
<div><u>Vankleek Hil N/A 2.80 11.73 430.82</u></div>
<div><u>Huron FOB 2.70 11.63 427.15 2.58 11.51 422.74</u></div>
<div><u>Kent FOB 2.65 11.58 425.31 2.55 11.48 421.63</u></div>
<div><u>Lambton FOB 2.60 11.53 423.47 2.70 11.63 427.15</u></div>
<div><u>Mdsx FOB 2.84 2.70 N/A N/A 11.77 432.29 2.70 11.63 427.15</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.95 11.88 436.33 2.79 11.72 430.45</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.15 12.08 443.68 3.00 11.93 438.17</u></div>
<div><u>Prescott N/A 3.00 11.93 438.17</u></div>
<div><u>Port Colborn3.05 11.98 440.01 2.93 11.86 435.60</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.93 327.94 -0.34 8.59 315.60</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3392 down 0.0045</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>SEP20 HI 5.35 1/4 JUL21 HI 5.49 3/4</u></div>
<div><u> LOW 5.28 1/2 LOW 5.46</u></div>
<div><u> CLOSE 5.31 1/4 Up 1 3/4 CLOSE 5.49 Up 4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>SEP20 HI 5.16 3/4 SEP21 HI 5.65</u></div>
<div><u> LOW 5.09 1/4 LOW 5.61</u></div>
<div><u> CLOSE 5.14 Up 1 CLOSE 5.64 3/4 Up 1</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 1.60 1.80 1.53 1.27</u></div>
<div><u>CAD $/bu 6.91 7.11 6.85 6.41</u></div>
<div><u>CAD $/tonne 254.04 261.42 251.58 235.71</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 1.10 N/A N/A N/A 1.10 N/A</u></div>
<div><u>London 1.28 1.52 1.08 N/A 1.54 1.60 1.13 N/A</u></div>
<div><u>Hensall 1.35 N/A 1.10 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Trenton N/A N/A 1.10 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Bruce 1.20 1.45 1.10 0.95 1.20 1.45 1.10 N/A</u></div>
<div><u>Essex N/A N/A 1.10 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Norwich 1.35 N/A 1.10 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Port Hope N/A N/A 1.10 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Kent Bridge 1.35 N/A 1.10 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Chatham N/A N/A 1.10 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Brigden N/A N/A 1.10 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 1.53 1.13 1.07 N/A 1.69 1.22 0.79</u></div>
<div><u>Varna 1.35 1.50 1.10 N/A 1.35 1.50 1.10 N/A</u></div>
<div><u>Mitchell 1.35 1.45 1.10 N/A 1.35 1.45 1.10 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.25 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.65 1.45 1.10 N/A 1.60 1.40 1.05</u></div>
<div><u>W O Feed 1.65</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.55 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 1.94 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.31US 7.11CA 5.44US 7.30CA</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 1.61 1.75 1.55 1.13</u></div>
<div><u>CAD $/bu 7.10 7.24 7.04 6.78</u></div>
<div><u>CAD $/tonne 260.98 265.91 258.51 249.01</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 478.63</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 205.00</u></div>
<u><br>
<br>
</u></div>
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<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<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
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