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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, August 5</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 1.3279 down 0.0075</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP20 HI 3.11 1/4 DEC20 HI 3.23 1/2</u></div>
<div><u> LOW 3.09 LOW 3.20 3/4</u></div>
<div><u> CLOSE3.11 Up 2 3/4 CLOSE 3.23 1/4 Up 3</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 4.66 183.46 0.95 4.18 164.66</u></div>
<div><u>CK High 1.70 4.81 189.36 1.00 4.23 166.63</u></div>
<div><u>CK Avg 1.64 0.47 4.75 187.06 0.96 -0.07 4.19 164.99</u></div>
<div><u>Essex Cty 1.70 4.81 189.36 0.95 4.18 164.66</u></div>
<div><u>Mdsx Low 1.65 4.76 187.39 0.95 4.18 164.66</u></div>
<div><u>Mdsx High 1.65 4.76 187.39 1.00 4.23 166.63</u></div>
<div><u>Mdsx Avg 1.65 0.47 4.76 187.39 0.98 -0.06 4.21 165.64</u></div>
<div><u>Hensall 1.67 4.78 188.05 1.02 4.25 167.28</u></div>
<div><u>Bruce 1.70 4.81 189.36 0.95 4.18 164.66</u></div>
<div><u>Putnam 1.65 4.76 187.39 0.95 4.18 164.66</u></div>
<div><u>Burford 1.65 4.76 187.39 0.95 4.18 164.66</u></div>
<div><u>Port Perry 1.65 4.76 187.39 1.25 4.48 176.47</u></div>
<div><u>Norfolk 1.70 4.81 189.36 0.95 4.18 164.66</u></div>
<div><u>Palmerston 1.55 4.66 183.46 1.06 4.29 168.99</u></div>
<div><u>Varna 1.65 4.76 187.39 1.00 4.23 166.63</u></div>
<div><u>Trenton 1.55 4.66 183.46 1.25 4.48 176.47</u></div>
<div><u>Winchester 1.55 4.66 183.46 1.40 4.63 182.37</u></div>
<div><u>North Gower 1.55 4.66 183.46 1.45 4.68 184.34</u></div>
<div><u>Vankleek HilN/A 1.17 4.40 173.32</u></div>
<div><u>Huron FOB 1.78 4.89 192.51 1.02 4.25 167.41</u></div>
<div><u>Kent FOB 1.90 5.01 197.23 1.05 4.28 168.59</u></div>
<div><u>Lamb FOB 1.83 4.94 194.48 1.05 4.28 168.59</u></div>
<div><u>Mdsx FOB 1.80 1.80N/A N/A 4.91 193.30 1.10 4.33 170.56</u></div>
<div><u>FOB SW Que 2.18 5.29 208.26N/A</u></div>
<div><u>Track 2.22 5.33 209.64N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 2.12N/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 2.08 2.08 1.85N/A 5.19 204.32 1.25 4.48 176.47</u></div>
<div><u>Sarn-Eth N/A 2.00N/A N/A 1.15 4.38 172.53</u></div>
<div><u>London-Ing N/A 2.05 2.10N/A 1.35 4.58 180.41</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 2.10N/A 1.55 4.78 188.28</u></div>
<div><u>W O Feed 2.08 5.19 204.42</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.82 4.93 194.09</u></div>
<div><u>Toledo El. -0.07 3.04 119.82 -0.26 2.97 116.83</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.00 5.11 201.17 1.35 4.58 180.41</u></div>
<div><u>Prescott 1.78 4.89 192.51 1.40 4.63 182.37</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 4.23 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3279 down 0.0075</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> NOV20 HI 8.84 3/4 NOV20 HI 8.84 3/4</u></div>
<div><u> LOW 8.76 1/4 LOW 8.76 1/4</u></div>
<div><u> CLOSE8.78 3/4 Down 3 CLOSE 8.78 3/4 Down 3</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 2.45 11.24 412.91 2.38 11.17 410.34</u></div>
<div><u>CK High 2.60 11.39 418.42 2.55 11.34 416.58</u></div>
<div><u>CK Average 2.48 -0.31 11.26 413.89 2.43 -0.32 11.22 412.17</u></div>
<div><u>Essex Cty 2.45 11.24 412.91 2.35 11.14 409.23</u></div>
<div><u>Mdsx Low 2.44 11.23 412.54 2.36 11.15 409.60</u></div>
<div><u>Mdsx High 2.45 11.24 412.91 2.40 11.19 411.07</u></div>
<div><u>Mdsx Average2.45 -0.33 11.23 412.72 2.38 -0.36 11.17 410.34</u></div>
<div><u>Hensall 2.50 11.29 414.74 2.45 11.24 412.91</u></div>
<div><u>Bruce 2.45 11.24 412.91 2.40 11.19 411.07</u></div>
<div><u>Putnam 2.45 11.24 412.91 2.40 11.19 411.07</u></div>
<div><u>Burford 2.51 11.30 415.11 2.43 11.22 412.17</u></div>
<div><u>Port Perry 2.46 11.25 413.27 2.38 11.17 410.34</u></div>
<div><u>Norfolk 2.45 11.24 412.91 2.40 11.19 411.07</u></div>
<div><u>Palmerston 2.46 11.25 413.27 2.42 11.21 411.81</u></div>
<div><u>Varna 2.45 11.24 412.91 2.40 11.19 411.07</u></div>
<div><u>Trenton N/A 2.55 11.34 416.58</u></div>
<div><u>Winchester 2.65 11.44 420.26 2.65 11.44 420.26</u></div>
<div><u>North Gower 2.65 11.44 420.26 2.65 11.44 420.26</u></div>
<div><u>Vankleek Hil N/A 2.80 11.59 425.77</u></div>
<div><u>Huron FOB 2.49 11.28 414.38 2.37 11.16 409.97</u></div>
<div><u>Kent FOB 2.45 11.24 412.91 2.40 11.19 411.07</u></div>
<div><u>Lambton FOB 2.85 11.64 427.60 2.70 11.49 422.09</u></div>
<div><u>Mdsx FOB 2.67 2.54 N/A N/A 11.46 420.99 2.53 11.32 415.85</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.77 11.56 424.67 2.61 11.40 418.79</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.00 11.79 433.12 2.90 11.69 429.44</u></div>
<div><u>Prescott N/A 3.00 11.79 433.12</u></div>
<div><u>Port Colborn2.88 11.67 428.71 2.76 11.55 424.30</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.79 322.89 -0.33 8.46 310.72</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3279 down 0.0075</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>SEP20 HI 5.12 3/4 JUL21 HI 5.38 1/2</u></div>
<div><u> LOW 5.06 LOW 5.31</u></div>
<div><u> CLOSE 5.10 3/4 Up 2 1/2 CLOSE 5.33 3/4 Down 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>SEP20 HI 5.05 1/4 SEP21 HI 5.57 3/4</u></div>
<div><u> LOW 5.01 LOW 5.55 1/4</u></div>
<div><u> CLOSE 5.01 1/2 Down 1/4 CLOSE 5.57 3/4 Down 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 1.48 1.67 1.41 1.18</u></div>
<div><u>CAD $/bu 6.58 6.78 6.52 6.19</u></div>
<div><u>CAD $/tonne 241.89 249.21 239.45 227.62</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 1.05 N/A N/A N/A 1.10 N/A</u></div>
<div><u>London 1.13 1.36 0.93 N/A 1.41 1.47 1.01 N/A</u></div>
<div><u>Hensall 1.30 N/A 1.05 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 1.15 1.40 1.05 0.95 1.20 1.45 1.10 N/A</u></div>
<div><u>Essex N/A N/A 1.05 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Norwich 1.30 N/A 1.05 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Port Hope N/A N/A 1.05 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Kent Bridge 1.30 N/A 1.05 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Chatham N/A N/A 1.05 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.05 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Palmerston N/A 1.41 1.08 0.98 N/A 1.61 1.15 0.69</u></div>
<div><u>Varna 1.30 1.45 1.05 N/A 1.35 1.50 1.10 N/A</u></div>
<div><u>Mitchell 1.30 1.40 1.05 N/A 1.35 1.45 1.10 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.02 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.60 1.45 1.18 N/A 1.67 1.52 1.05</u></div>
<div><u>W O Feed 1.52</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.39 N/A N/A N/A 1.41 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.81 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.11US 6.78CA 5.29US 7.00CA</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 1.47 1.60 1.40 1.02</u></div>
<div><u>CAD $/bu 6.81 6.94 6.74 6.59</u></div>
<div><u>CAD $/tonne 250.04 254.91 247.61 242.26</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 462.65</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 205.00</u></div>
<div><u><br>
</u></div>
<div>---</div>
<div><br>
</div>
<div>Ontario Grain Market Commentary for August 5, 2020</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div><br>
</div>
<div style="">Wednesday, August 5, 2020</div>
<div style="">COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div style="">Corn CBOT Sept 3.10 ¡é 5¨ö Cents</div>
<div style="">Soybeans CBOT Sept 8.77¨ù ¡é 7¨ù Cents</div>
<div style="">Wheat CBOT Sept 5.10¨ö ¡é 22¨ù Cents</div>
<div style="">Wheat Minn. Sept 5.03¨ö ¡é 7¨ö Cents</div>
<div style="">Wheat Kansas Sept 4.26 ¡é 19¨ú Cents</div>
<div style="">Oats CBOT Sept 2.74 ¡é 8 Cents</div>
<div style=""></div>
<div style="">Canadian $ Sept 0.7555 ¡è 62 Points</div>
<div style=""><br>
</div>
<div style=""><br>
</div>
<div style="">CORN: </div>
<div style="">The most recent USDA Crop Condition Report indicates that the U.S. corn condition remains at 72% good-to-excellent. The same report also notes that 92% of the corn is silking.</div>
<div style=""> According to the National Grains Exporter Association, Brazil will export 6.32 million tonnes of corn in August. This is a 33% increase over the same month last year. Corn exports in July were 5.07 million tonnes.</div>
<div style=""><br>
</div>
<div style="">SOYBEANS: </div>
<div style="">U.S. soybeans are rated 73% good-to-excellent. This is an increase of one percentage point from last week. Currently, 59% of the U.S. soybean crop is setting pods.</div>
<div style=""> Brazil will begin planting soybeans in mid-September. Conab (Companhia Nacional de Abastecimento) has estimated new crop acreage to be 91.2 million acres, while others have estimated between 94-95 million acres to be planted.</div>
<div style=""><br>
</div>
<div style="">WHEAT:</div>
<div style="">Russian wheat harvest is expected to be 79.5 million tonnes, up from a previous estimate of 78 million tonnes. This, along with the recovery of the Australian wheat crop has put pressure on the futures markets recently.</div>
<div style=""> The U.S. winter wheat harvest is 85% complete, just shy of the five-year average of 88%. Ontario winter wheat harvest is in the final stretch in most areas of the province. Quality remains good overall.</div>
<div style=""><br>
</div>
<div style="">2020 harvest prices for August 5, 2020, at the market close, are as follows:</div>
<div style=""><br>
</div>
<div style="">SWW at $240.98/mt ($6.56/bu), HRW at $248.28/mt ($6.76/bu) + protein,
</div>
<div style="">HRS at $ 227.85/mt ($6.20/bu) + protein, and SRW at $238.55/mt ($6.49/bu).</div>
<div style=""><br>
</div>
<div style="">We offer on farm bids for 2020 wheat and 2021 harvest prices as well, please call
</div>
<div style="">1-800-265-0550 for more information.</div>
<div style=""><br>
</div>
<div style="">---</div>
<div style="">
<p class="MsoNoSpacing" 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<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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
<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
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<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="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
<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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