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<span class="elementToProof">Note: U.S. markets were closed for the Independence Day holiday.</span></div>
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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 4</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2863 down 0.0088</u></div>
<div><u>Markets in the U.S. were closed for the Independence Day holiday</u></div>
<div><u>On Friday, July 1, Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP22 HI 6.36 3/4 DEC22 HI 6.27</u></div>
<div><u> LOW 6.16 1/2 LOW 6.04 1/4</u></div>
<div><u> CLOSE6.19 3/4 Down 9 CLOSE 6.07 1/2 Down 12 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 +SEP22+DEC22+DEC22</u></div>
<div><u>CK Low 2.00 8.20 322.72 1.35 7.43 292.31</u></div>
<div><u>CK High 2.15 8.35 328.63 1.45 7.53 296.25</u></div>
<div><u>CK Avg 2.09 0.25 8.29 326.38 1.40 -0.26 7.48 294.28</u></div>
<div><u>Essex Cty 2.10 8.30 326.66 1.35 7.43 292.31</u></div>
<div><u>Mdsx Low 2.00 8.20 322.72 1.35 7.43 292.31</u></div>
<div><u>Mdsx High 2.10 8.30 326.66 1.40 7.48 294.28</u></div>
<div><u>Mdsx Avg 2.05 0.21 8.25 324.69 1.38 -0.28 7.45 293.29</u></div>
<div><u>Hensall 2.08 8.28 326.00 1.38 7.46 293.62</u></div>
<div><u>Bruce N/A 1.40 7.48 294.28</u></div>
<div><u>Putnam 2.10 8.30 326.66 1.40 7.48 294.28</u></div>
<div><u>Burford 2.00 8.20 322.72 1.35 7.43 292.31</u></div>
<div><u>Port Perry 1.90 8.10 318.78 1.30 7.38 290.34</u></div>
<div><u>Norfolk 2.10 8.30 326.66 1.40 7.48 294.28</u></div>
<div><u>Palmerston 2.09 8.29 326.26 1.35 7.43 292.31</u></div>
<div><u>Varna 2.10 8.30 326.66 1.40 7.48 294.28</u></div>
<div><u>Belmore 2.05 8.25 324.69 1.35 7.43 292.31</u></div>
<div><u>Trenton 2.00 8.20 322.72 1.40 7.48 294.28</u></div>
<div><u>Winchester 1.90 8.10 318.78 2.00 8.08 317.90</u></div>
<div><u>North Gower 2.05 8.25 324.69 1.80 7.88 310.03</u></div>
<div><u>Vankleek Hil 2.11 8.31 327.05 1.54 7.62 299.79</u></div>
<div><u>Huron FOB N/A 2.02 2.12 1.35 1.35 7.43 292.31</u></div>
<div><u>Kent FOB 2.20 8.40 330.59 1.40 7.48 294.28</u></div>
<div><u>Lamb FOB N/A 1.40 7.48 294.28</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.40 7.48 294.28</u></div>
<div><u>FOB SW Que 2.72 8.92 351.07N/A</u></div>
<div><u>Track 2.77 8.96 352.84N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 2.16 1.73 7.81 307.27</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</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 N/A 1.95 8.03 315.93</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 2.25 8.33 327.74</u></div>
<div><u>W O Feed 2.80 8.99 354.08</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.80 9.00 354.22</u></div>
<div><u>Toledo El. 0.84 7.03 276.90 -0.32 5.75 226.50</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.50 7.58 298.21</u></div>
<div><u>Prescott 2.41 8.61 338.86 2.15 8.23 323.80</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 7.52 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2863 down 0.0088</u></div>
<div><u>Chicago soybeans closed lower to sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> AUG22 HI 15.73 1/4 NOV22 HI 14.70 3/4</u></div>
<div><u> LOW 15.05 1/4 LOW 13.91 1/4</u></div>
<div><u> CLOSE15.09 3/4 Down 50 3/4 CLOSE 13.95 1/4 Down 62 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 +AUG22+NOV22+NOV22</u></div>
<div><u>CK Low 4.80 19.90 731.11 3.70 17.65 648.62</u></div>
<div><u>CK High 5.41 20.51 753.52 3.80 17.75 652.29</u></div>
<div><u>CK Average 5.28 0.74 20.38 748.74 3.75 -0.19 17.70 650.46</u></div>
<div><u>Essex Cty 5.30 20.40 749.48 3.70 17.65 648.62</u></div>
<div><u>Mdsx Low 5.30 20.40 749.48 3.75 17.70 650.46</u></div>
<div><u>Mdsx High 5.43 20.53 754.26 3.82 17.77 653.03</u></div>
<div><u>Mdsx Average5.37 0.81 20.46 751.87 3.77 -0.17 17.73 651.31</u></div>
<div><u>Hensall 5.37 20.46 751.93 3.80 17.75 652.29</u></div>
<div><u>Bruce N/A 3.75 17.70 650.46</u></div>
<div><u>Putnam 5.40 20.50 753.15 3.80 17.75 652.29</u></div>
<div><u>Burford 5.49 20.59 756.46 3.88 17.83 655.23</u></div>
<div><u>Port Perry 5.40 20.50 753.15 3.79 17.74 651.93</u></div>
<div><u>Norfolk 5.30 20.40 749.48 3.80 17.75 652.29</u></div>
<div><u>Palmerston 5.10 20.20 742.13 4.11 18.06 663.68</u></div>
<div><u>Varna N/A 3.80 17.75 652.29</u></div>
<div><u>Trenton N/A 3.75 17.70 650.46</u></div>
<div><u>Winchester N/A 3.60 17.55 644.94</u></div>
<div><u>North Gower 4.50 19.60 720.08 3.70 17.65 648.62</u></div>
<div><u>Vankleek Hil3.30 18.40 675.99 3.53 17.48 642.37</u></div>
<div><u>Huron FOB 5.56 5.56 3.95 N/A 20.66 759.03 3.95 17.90 657.80</u></div>
<div><u>Kent FOB 5.35 20.45 751.32 3.75 17.70 650.46</u></div>
<div><u>Lambton FOB 5.25 20.35 747.64 N/A</u></div>
<div><u>Mdsx FOB 5.31 5.50 N/A N/A 20.41 749.85 3.95 17.90 657.80</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 5.81 20.91 768.22 3.92 17.87 656.70</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 5.90 21.00 771.53 4.45 18.40 676.18</u></div>
<div><u>Prescott N/A 4.10 18.05 663.32</u></div>
<div><u>Port Colborn N/A 4.49 18.44 677.65</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 1.09 16.19 594.91 -0.45 13.50 496.12</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2863 down 0.0088</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>SEP22 HI 8.96 1/4 JUL23 HI 9.13 1/4</u></div>
<div><u> LOW 8.40 1/2 LOW 8.68 1/2</u></div>
<div><u> CLOSE 8.46 Down 38 CLOSE 8.75 Down 26 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>SEP22 HI 9.98 1/4 SEP23 HI 9.88</u></div>
<div><u> LOW 9.46 LOW 9.66 1/2</u></div>
<div><u> CLOSE 9.48 Down 42 CLOSE 9.68 1/2 Down 19 1/2</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2022 Harvest 2023</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 2.00 N/A N/A N/A 1.85 N/A</u></div>
<div><u>London 2.81 2.29 1.77 N/A 2.21 2.01 1.63 N/A</u></div>
<div><u>Hensall 3.05 N/A 1.80 N/A 2.55 N/A 1.80 N/A</u></div>
<div><u>Trenton N/A N/A 2.00 N/A N/A N/A 1.85 N/A</u></div>
<div><u>Bruce 2.85 2.40 2.00 1.70 2.20 2.15 1.85 N/A</u></div>
<div><u>Essex N/A N/A 1.75 N/A N/A N/A 1.60 N/A</u></div>
<div><u>Norwich 3.05 N/A 1.80 N/A 2.55 N/A 1.80 N/A</u></div>
<div><u>Port Hope N/A N/A 2.00 N/A N/A N/A 1.85 N/A</u></div>
<div><u>Kent Bridge 3.05 N/A 1.80 N/A 2.55 N/A 1.80 N/A</u></div>
<div><u>Chatham N/A N/A 1.75 N/A N/A N/A 1.65 N/A</u></div>
<div><u>Brigden N/A N/A 1.75 N/A N/A N/A 1.65 N/A</u></div>
<div><u>Palmerston N/A 2.15 1.83 N/A N/A N/A 1.38 N/A</u></div>
<div><u>Varna 3.05 2.55 2.00 N/A 2.40 2.15 1.85 N/A</u></div>
<div><u>Mitchell 3.05 2.40 1.80 N/A 2.55 2.15 1.80 N/A</u></div>
<div><u>Thornton 2.81 2.29 1.77 2.40 2.21 2.01 1.63 N/A</u></div>
<div><u>North Gower N/A 1.40 1.80 1.12 N/A 1.30 1.70 0.82</u></div>
<div><u>W O Feed 2.19</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.23 N/A N/A N/A 2.02 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.42 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 8.16US 10.50CA 8.65US 11.13CA</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 743.74</u></div>
<div><u>DDG's FOB Srn & Aylm 340.00</u></div>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p> </o:p></span></p>
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<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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