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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, August 12</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 1.3247 down 0.0041</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP20 HI 3.15 DEC20 HI 3.27 3/4</u></div>
<div><u> LOW 3.08 LOW 3.20</u></div>
<div><u> CLOSE3.14 1/2 Up 3 CLOSE 3.27 1/4 Up 3 3/4</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 1.65 4.80 188.77 0.95 4.22 166.23</u></div>
<div><u>CK High 1.75 4.90 192.71 1.00 4.27 168.20</u></div>
<div><u>CK Avg 1.71 0.52 4.85 191.07 0.96 -0.08 4.23 166.56</u></div>
<div><u>Essex Cty 1.75 4.90 192.71 0.95 4.22 166.23</u></div>
<div><u>Mdsx Low 1.70 4.85 190.74 0.95 4.22 166.23</u></div>
<div><u>Mdsx High 1.75 4.90 192.71 1.00 4.27 168.20</u></div>
<div><u>Mdsx Avg 1.73 0.53 4.87 191.72 0.98 -0.06 4.25 167.22</u></div>
<div><u>Hensall 1.68 4.83 190.08 1.02 4.29 168.86</u></div>
<div><u>Bruce 1.70 4.85 190.74 0.95 4.22 166.23</u></div>
<div><u>Putnam 1.70 4.85 190.74 0.95 4.22 166.23</u></div>
<div><u>Burford 1.75 4.90 192.71 0.95 4.22 166.23</u></div>
<div><u>Port Perry 1.70 4.85 190.74 1.25 4.52 178.04</u></div>
<div><u>Norfolk 1.75 4.90 192.71 0.95 4.22 166.23</u></div>
<div><u>Palmerston 1.64 4.79 188.38 0.99 4.26 167.81</u></div>
<div><u>Varna 1.65 4.80 188.77 1.00 4.27 168.20</u></div>
<div><u>Trenton 1.65 4.80 188.77 1.25 4.52 178.04</u></div>
<div><u>Winchester 1.65 4.80 188.77 1.40 4.67 183.95</u></div>
<div><u>North Gower 1.55 4.70 184.83 1.45 4.72 185.92</u></div>
<div><u>Vankleek HilN/A 1.17 4.44 174.89</u></div>
<div><u>Huron FOB 1.90 5.05 198.61 1.11 4.38 172.53</u></div>
<div><u>Kent FOB 1.95 5.10 200.58 1.05 4.32 170.17</u></div>
<div><u>Lamb FOB 1.90 5.05 198.61 1.00 4.27 168.20</u></div>
<div><u>Mdsx FOB 1.90 1.95N/A N/A 5.05 198.61 1.10 4.37 172.14</u></div>
<div><u>FOB SW Que 2.32 5.47 215.15N/A</u></div>
<div><u>Track 2.15 5.30 208.45N/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 N/A 2.10 1.95N/A 1.25 4.52 178.04</u></div>
<div><u>Sarn-Eth N/A 2.00N/A N/A 1.15 4.42 174.11</u></div>
<div><u>London-Ing N/A N/A 2.20N/A 1.35 4.62 181.98</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 2.20N/A 1.55 4.82 189.85</u></div>
<div><u>W O Feed 2.20 5.35 210.58</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.14 5.29 208.06</u></div>
<div><u>Toledo El. -0.07 3.08 121.21 -0.26 3.01 118.41</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.10 5.25 206.49 1.35 4.62 181.98</u></div>
<div><u>Prescott 1.78 4.93 193.89 1.40 4.67 183.95</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.00 4.27 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 1.3247 down 0.0041</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV20 HI 8.83 1/2 NOV20 HI 8.83 1/2</u></div>
<div><u> LOW 8.67 LOW 8.67</u></div>
<div><u> CLOSE8.83 Up 9 1/2 CLOSE 8.83 Up 9 1/2</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 2.44 11.27 414.10 2.39 11.22 412.26</u></div>
<div><u>CK High 2.45 11.28 414.47 2.40 11.23 412.63</u></div>
<div><u>CK Average 2.45 -0.32 11.28 414.41 2.40 -0.35 11.23 412.57</u></div>
<div><u>Essex Cty 2.45 11.28 414.47 2.35 11.18 410.79</u></div>
<div><u>Mdsx Low 2.42 11.25 413.37 2.37 11.20 411.53</u></div>
<div><u>Mdsx High 2.45 11.28 414.47 2.40 11.23 412.63</u></div>
<div><u>Mdsx Average2.44 -0.33 11.27 413.92 2.39 -0.36 11.22 412.08</u></div>
<div><u>Hensall 2.45 11.28 414.47 2.40 11.23 412.63</u></div>
<div><u>Bruce 2.45 11.28 414.47 2.40 11.23 412.63</u></div>
<div><u>Putnam 2.45 11.28 414.47 2.40 11.23 412.63</u></div>
<div><u>Burford 2.49 11.32 415.94 2.44 11.27 414.10</u></div>
<div><u>Port Perry 2.44 11.27 414.10 2.39 11.22 412.26</u></div>
<div><u>Norfolk 2.45 11.28 414.47 2.40 11.23 412.63</u></div>
<div><u>Palmerston 2.44 11.27 414.10 2.40 11.23 412.63</u></div>
<div><u>Varna 2.45 11.28 414.47 2.40 11.23 412.63</u></div>
<div><u>Trenton N/A 2.40 11.23 412.63</u></div>
<div><u>Winchester N/A 2.40 11.23 412.63</u></div>
<div><u>North Gower 2.53 11.36 417.41 2.60 11.43 419.98</u></div>
<div><u>Vankleek Hil N/A 2.80 11.63 427.33</u></div>
<div><u>Huron FOB 2.51 11.34 416.67 2.39 11.22 412.26</u></div>
<div><u>Kent FOB 2.60 11.43 419.98 2.45 11.28 414.47</u></div>
<div><u>Lambton FOB 2.73 11.56 424.76 2.60 11.43 419.98</u></div>
<div><u>Mdsx FOB 2.64 2.51 N/A N/A 11.47 421.45 2.50 11.33 416.31</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.87 11.70 429.90 2.60 11.43 419.98</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.05 11.88 436.52 2.90 11.73 431.00</u></div>
<div><u>Prescott N/A 3.00 11.83 434.68</u></div>
<div><u>Port Colborn2.85 11.68 429.17 2.73 11.56 424.76</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.83 324.45 -0.33 8.50 312.29</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3247 down 0.0041</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>SEP20 HI 4.98 JUL21 HI 5.22 1/2</u></div>
<div><u> LOW 4.88 LOW 5.14</u></div>
<div><u> CLOSE 4.91 1/4 Down 3 3/4 CLOSE 5.17 Down 3</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>SEP20 HI 4.95 SEP21 HI 5.51 1/4</u></div>
<div><u> LOW 4.91 1/4 LOW 5.49 3/4</u></div>
<div><u> CLOSE 4.92 1/4 Down 1/2 CLOSE 5.49 3/4 Down 2 1/4</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 1.46 1.66 1.33 1.13</u></div>
<div><u>CAD $/bu 6.38 6.57 6.24 6.06</u></div>
<div><u>CAD $/tonne 234.24 241.54 229.37 222.56</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 0.95 N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.06 1.30 0.93 N/A 1.35 1.41 0.95 N/A</u></div>
<div><u>Hensall 1.30 N/A 1.00 N/A 1.35 N/A 1.05 N/A</u></div>
<div><u>Trenton N/A N/A 1.05 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Bruce 1.00 1.40 0.95 0.95 1.05 1.45 0.95 N/A</u></div>
<div><u>Essex N/A N/A 0.95 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Norwich 1.30 N/A 1.00 N/A 1.35 N/A 1.05 N/A</u></div>
<div><u>Port Hope N/A N/A 1.05 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Kent Bridge 1.30 N/A 1.00 N/A 1.35 N/A 1.05 N/A</u></div>
<div><u>Chatham N/A N/A 0.95 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 0.95 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A 1.33 1.00 0.94 N/A 1.53 1.06 0.68</u></div>
<div><u>Varna 1.20 1.35 0.95 N/A 1.25 1.40 1.00 N/A</u></div>
<div><u>Mitchell 1.30 1.40 1.00 N/A 1.35 1.45 1.05 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.92 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.65 1.40 1.18 N/A 1.72 1.37 1.00</u></div>
<div><u>W O Feed 1.49</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.33 N/A N/A N/A 1.35 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.59 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.91US 6.51CA 5.12US 6.78CA</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 1.54 1.67 1.34 0.98</u></div>
<div><u>CAD $/bu 6.71 6.84 6.51 6.48</u></div>
<div><u>CAD $/tonne 246.56 251.43 239.27 238.17</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 445.56</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 205.00</u></div>
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<br>
</div>
---</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<br>
Ontario Grain Market Commentary for August 12, 2020</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
By Todd Austin, Grain Farmers of Ontario</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><br>
</div>
<div>Wednesday, August 12, 2020</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div>Corn CBOT Sept 3.14¨ö ¡è 4¨ö Cents</div>
<div>Soybeans CBOT Sept 8.80¨ö ¡è 3¨ù Cents</div>
<div>Wheat CBOT Sept 4.91¨ú ¡é 18¨ú Cents</div>
<div>Wheat Minn. Sept 4.92¨ù ¡é 11¨ù Cents</div>
<div>Wheat Kansas Sept 4.17¨ú ¡é 8¨ù Cents</div>
<div>Oats CBOT Sept 2.65 ¡é 9 Cents</div>
<div></div>
<div>Canadian $ Sept 0.7548 ¡é 7 Points</div>
<div><br>
</div>
<div><br>
</div>
<div>CORN: </div>
<div>The USDA released their August report today. The trade was expecting U.S. corn yields of 180 bushels per acre. This would equate to a 15-billion-bushel corn crop. The July yield estimate was 178.5 bushels per acre. In fact, the USDA has pegged the U.S.
corn crop at 181.3 bushels per acre. This would bring U.S. production to 15.27 billion bushels, up 278 million bushels from July. Demand has increased by 150 million tonnes from what was reported in the July report. The net result of the production less demand
is that the 2020/2021 carryout is expected to be 2.756 billion bushels.</div>
<div><br>
</div>
<div>SOYBEANS: </div>
<div>The trade was anticipating U.S. soybean yield numbers of 51 bushels per acre, which would bring soybean production to 4 billion bushels for the 2020-2021 crop year. The USDA tallied 53.3 bushels per acre, well above trade estimates and the 49.8 bushel
per acre amount estimated in July. </div>
<div>With the new USDA yield estimate, production is expected to reach 4.42 billion bushels, a rise of 290 million bushels from last month¡¯s report. The USDA has increased crush and export demand by a combined total of 95 million bushels. Ending Stocks are
approximated to be 610 million bushels, up 185 million bushels from the USDA report in July.</div>
<div><br>
</div>
<div>WHEAT:</div>
<div>With an estimated 90% of the French wheat harvested, the soft wheat crop looks to be one of the smallest in recent history. The USDA forecasts France¡¯s soft wheat crop to be 29.5 to 29.7 million tonnes. Total wheat production is anticipated to be 31 million
tonnes, down 25% from 2019.</div>
<div><br>
</div>
<div>The latest Egyptian GASC tender saw Russia offer the lowest bid of $205.90 per tonnes on 60,000 tonnes of wheat on a free-on-board basis. Bids ranged from $215.50 to $205.90 per tonnes, mainly from Russia and the Ukraine. The GASC tender is for a shipment
period of September 25 to October 5.</div>
<div><br>
</div>
<div>2020 harvest prices for August 12, 2020, at the market close, are as follows:</div>
<div><br>
</div>
<div>SWW at $234.54/mt ($6.38/bu), HRW at $241.84/mt ($6.58/bu) + protein, </div>
<div>HRS at $ 222.62/mt ($6.06/bu) + protein, and SRW at $229.67/mt ($6.25/bu).</div>
<div><br>
</div>
<div>We offer on farm bids for 2020 wheat and 2021 harvest prices as well, please call
</div>
<div>1-800-265-0550 for more information.</div>
<div><br>
</div>
<div>---</div>
<div>
<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>
<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"">University of Guelph, Ridgetown Campus<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""><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"">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>
<br>
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unsubscribe from this report.</span><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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