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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 15</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 1.2613 up 0.0111</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP21 HI 5.71 1/2 DEC21 HI 5.61 1/2</u></div>
<div><u> LOW 5.61 LOW 5.51</u></div>
<div><u> CLOSE5.64 1/4 Down 4 CLOSE 5.56 1/4 Down 2 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 +SEP21+DEC21+DEC21</u></div>
<div><u>CK Low 2.75 8.39 330.40 1.00 6.56 258.35</u></div>
<div><u>CK High 2.80 8.44 332.37 1.10 6.66 262.29</u></div>
<div><u>CK Avg 2.78 1.03 8.42 331.38 1.03 -0.34 6.59 259.34</u></div>
<div><u>Essex Cty 2.80 8.44 332.37 1.05 6.61 260.32</u></div>
<div><u>Mdsx Low 2.80 8.44 332.37 1.00 6.56 258.35</u></div>
<div><u>Mdsx High 2.80 8.44 332.37 1.05 6.61 260.32</u></div>
<div><u>Mdsx Avg 2.80 1.05 8.44 332.37 1.03 -0.34 6.59 259.34</u></div>
<div><u>Hensall 2.80 8.44 332.37 1.05 6.61 260.32</u></div>
<div><u>Bruce 2.80 8.44 332.37 1.10 6.66 262.29</u></div>
<div><u>Putnam 2.75 8.39 330.40 1.05 6.61 260.32</u></div>
<div><u>Burford 2.80 8.44 332.37 1.00 6.56 258.35</u></div>
<div><u>Port Perry 2.85 8.49 334.33 1.05 6.61 260.32</u></div>
<div><u>Norfolk 2.80 8.44 332.37 1.05 6.61 260.32</u></div>
<div><u>Palmerston 2.73 8.37 329.61 1.07 6.63 261.11</u></div>
<div><u>Varna 2.80 8.44 332.37 1.05 6.61 260.32</u></div>
<div><u>Trenton 2.90 8.54 336.30 1.05 6.61 260.32</u></div>
<div><u>Winchester 2.80 8.44 332.37 1.40 6.96 274.10</u></div>
<div><u>North Gower 2.80 8.44 332.37 1.36 6.92 272.53</u></div>
<div><u>Vankleek Hil 2.69 8.33 328.04 1.35 6.91 272.13</u></div>
<div><u>Huron FOB 2.99 3.05 3.21N/A 8.63 339.85 1.05 6.61 260.32</u></div>
<div><u>Kent FOB 2.95 8.59 338.27 1.15 6.71 264.26</u></div>
<div><u>Lamb FOB 2.90 8.54 336.30 1.15 6.71 264.26</u></div>
<div><u>Mdsx FOB 2.90 3.00N/A N/A 8.54 336.30 1.05 6.61 260.32</u></div>
<div><u>FOB SW Que 3.35 8.99 354.02N/A</u></div>
<div><u>Track 3.29 8.93 351.46N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 2.84 1.86 N/A</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.80 7.36 289.85</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A 2.05 1.35 6.91 272.13</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 2.15 1.65* 7.21 283.94</u></div>
<div><u>W O Feed 3.53 9.17 361.11</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 3.49 9.13 359.53</u></div>
<div><u>Toledo El. 1.32 6.97 274.27 -0.32 5.25 206.57</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 3.30 8.94 352.05 1.45 7.01 276.07</u></div>
<div><u>Prescott 3.06 8.70 342.60 1.60 7.16 281.98</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.10 6.66 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 1.2613 up 0.0111</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> NOV21 HI 13.89 1/2 NOV21 HI 13.89 1/2</u></div>
<div><u> LOW 13.74 1/4 LOW 13.74 1/4</u></div>
<div><u> CLOSE13.80 Down 3 1/4 CLOSE 13.80 Down 3 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 +NOV21+NOV21+NOV21</u></div>
<div><u>CK Low 4.05 17.85 655.88 2.95 16.75 615.46</u></div>
<div><u>CK High 4.15 17.95 659.55 3.05 16.85 619.13</u></div>
<div><u>CK Average 4.10 0.39 17.90 657.65 2.99 -0.49 16.79 616.93</u></div>
<div><u>Essex Cty 4.15 17.95 659.55 3.00 16.80 617.29</u></div>
<div><u>Mdsx Low 4.05 17.85 655.88 2.95 16.75 615.46</u></div>
<div><u>Mdsx High 4.13 17.93 658.81 3.02 16.82 618.03</u></div>
<div><u>Mdsx Average4.09 0.38 17.89 657.34 2.99 -0.49 16.79 616.74</u></div>
<div><u>Hensall 4.05 17.85 655.88 2.95 16.75 615.46</u></div>
<div><u>Bruce 4.05 17.85 655.88 3.00 16.80 617.29</u></div>
<div><u>Putnam 4.05 17.85 655.88 2.95 16.75 615.46</u></div>
<div><u>Burford 4.20 18.00 661.39 3.09 16.89 620.60</u></div>
<div><u>Port Perry 4.15 17.95 659.55 3.04 16.84 618.76</u></div>
<div><u>Norfolk 4.15 17.95 659.55 3.05 16.85 619.13</u></div>
<div><u>Palmerston 4.17 17.97 660.28 3.01 16.81 617.66</u></div>
<div><u>Varna 4.05 17.85 655.88 2.95 16.75 615.46</u></div>
<div><u>Trenton N/A 2.95 16.75 615.46</u></div>
<div><u>Winchester 4.03 17.83 655.14 2.95 16.75 615.46</u></div>
<div><u>North Gower 3.89 17.69 650.00 2.80 16.60 609.95</u></div>
<div><u>Vankleek Hil4.86 18.66 685.64 3.14 16.94 622.44</u></div>
<div><u>Huron FOB 4.23 4.48 N/A N/A 18.03 662.49 3.00 16.80 617.29</u></div>
<div><u>Kent FOB 4.25 18.05 663.22 3.05 16.85 619.13</u></div>
<div><u>Lambton FOB 4.00 17.80 654.04 3.00 16.80 617.29</u></div>
<div><u>Mdsx FOB 4.25 4.50 N/A N/A 18.05 663.22 3.05 16.85 619.13</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 3.32 17.12 629.05</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.55 18.35 674.25 3.50 17.30 635.67</u></div>
<div><u>Prescott N/A 3.38 17.18 631.26</u></div>
<div><u>Port Colborn4.53 18.33 673.51 3.53 17.33 636.77</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.82 14.62 537.19 -0.44 13.36 490.84</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2613 up 0.0111</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>SEP21 HI 6.73 1/2 JUL22 HI 6.83 1/2</u></div>
<div><u> LOW 6.51 1/4 LOW 6.67</u></div>
<div><u> CLOSE 6.72 Up 17 3/4 CLOSE 6.82 3/4 Up 13 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher to higher.</u></div>
<div><u>SEP21 HI 8.95 1/2 SEP22 HI 7.49 3/4</u></div>
<div><u> LOW 8.73 LOW 7.31</u></div>
<div><u> CLOSE 8.94 Up 21 1/4 CLOSE 7.49 3/4 Up 14 3/4</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2021 Harvest 2022</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 1.00 N/A N/A N/A 0.95 N/A</u></div>
<div><u>London 1.48 1.48 1.11 N/A 1.14 1.08 0.99 N/A</u></div>
<div><u>Hensall 1.35 N/A 1.00 N/A 1.25 N/A 0.95 N/A</u></div>
<div><u>Trenton N/A N/A 0.95 N/A N/A N/A 0.90 N/A</u></div>
<div><u>Bruce 1.35 1.20 1.05 1.05 1.25 1.25 0.95 1.05</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 1.35 N/A 1.00 N/A 1.25 N/A 0.95 N/A</u></div>
<div><u>Port Hope N/A N/A 1.00 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Kent Bridge 1.35 N/A 1.00 N/A 1.25 N/A 0.95 N/A</u></div>
<div><u>Chatham N/A N/A 1.05 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 1.05 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A 1.63 1.38 1.94 N/A N/A 1.05 1.45</u></div>
<div><u>Varna 1.25 1.40 1.00 N/A 1.10 1.10 0.90 N/A</u></div>
<div><u>Mitchell 1.35 1.20 1.00 N/A 1.25 1.25 0.95 N/A</u></div>
<div><u>Thornton 1.48 1.48 1.11 0.65 1.14 1.08 0.99 N/A</u></div>
<div><u>North Gower N/A 1.00 1.05 0.84 N/A 0.48 0.88 0.72</u></div>
<div><u>W O Feed 2.02</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 1.40 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. 6.75US 8.51CA 6.78US 8.55CA</u></div>
<div><u><br>
</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 513.36</u></div>
<u><span>DDG's FOB Srn & Aylm 245.00 - 255.00</span><br>
</u></div>
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<p style="margin-top:0px; margin-bottom:0px"><span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><o:p style="color: inherit; font-family: "Courier New"; font-size: 10pt; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"> </o:p><br>
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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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