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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 22</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2922 up 0.0026</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> SEP22 HI 5.82 3/4 DEC22 HI 5.82</u></div>
<div><u> LOW 5.61 1/2 LOW 5.61 3/4</u></div>
<div><u> CLOSE5.64 1/4 Down 11 1/2 CLOSE 5.64 1/4 Down 9 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 1.70 7.34 289.06 1.30 6.94 273.31</u></div>
<div><u>CK High 2.00 7.64 300.87 1.45 7.09 279.22</u></div>
<div><u>CK Avg 1.74 0.07 7.39 290.75 1.36 -0.22 7.01 275.84</u></div>
<div><u>Essex Cty 1.70 7.34 289.06 1.30 6.94 273.31</u></div>
<div><u>Mdsx Low 1.70 7.34 289.06 1.35 6.99 275.28</u></div>
<div><u>Mdsx High 1.70 7.34 289.06 1.40 7.04 277.25</u></div>
<div><u>Mdsx Avg 1.70 0.04 7.34 289.06 1.38 -0.21 7.02 276.27</u></div>
<div><u>Hensall 1.73 7.38 290.37 1.40 7.04 277.25</u></div>
<div><u>Bruce 1.70 7.34 289.06 1.40 7.04 277.25</u></div>
<div><u>Putnam N/A 1.35 6.99 275.28</u></div>
<div><u>Burford 1.70 7.34 289.06 1.40 7.04 277.25</u></div>
<div><u>Port Perry 1.70 7.34 289.06 1.30 6.94 273.31</u></div>
<div><u>Norfolk 1.70 7.34 289.06 1.35 6.99 275.28</u></div>
<div><u>Palmerston 1.65 7.29 287.09 1.32 6.96 274.10</u></div>
<div><u>Varna 1.70 7.34 289.06 1.40 7.04 277.25</u></div>
<div><u>Belmore 1.70 7.34 289.06 1.35 6.99 275.28</u></div>
<div><u>Trenton 1.80 7.44 293.00 1.30 6.94 273.31</u></div>
<div><u>Winchester N/A 1.80 7.44 293.00</u></div>
<div><u>North Gower 1.70 7.34 289.06 1.70 7.34 289.06</u></div>
<div><u>Vankleek Hil 1.65 7.29 287.09 1.39 7.03 276.86</u></div>
<div><u>Huron FOB N/A 1.70 1.68N/A 1.20 6.84 269.38</u></div>
<div><u>Kent FOB 1.75 7.39 291.03 1.35 6.99 275.28</u></div>
<div><u>Lamb FOB N/A 1.28 6.92 272.53</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.35 6.99 275.28</u></div>
<div><u>FOB SW Que 2.47 8.11 319.38N/A</u></div>
<div><u>Track 2.05 7.69 302.64N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.76 1.46 7.10 279.61</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 2.20 1.65 7.29 287.09</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 2.50 N/A</u></div>
<div><u>W O Feed 2.15 7.79 306.78</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.48 8.12 319.77</u></div>
<div><u>Toledo El. 0.97 6.61 260.29 -0.39 5.25 206.87</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 7.19 283.16</u></div>
<div><u>Prescott 1.90 7.54 296.94 1.93 7.57 298.12</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 7.09 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 1.2922 up 0.0026</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV22 HI 13.33 NOV22 HI 13.33</u></div>
<div><u> LOW 12.88 1/2 LOW 12.88 1/2</u></div>
<div><u> CLOSE13.15 3/4 Up 14 1/4 CLOSE 13.15 3/4 Up 14 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 +NOV22+NOV22+NOV22</u></div>
<div><u>CK Low 5.49 18.65 685.18 3.34 16.50 606.18</u></div>
<div><u>CK High 6.15 19.31 709.43 3.60 16.76 615.73</u></div>
<div><u>CK Average 5.82 1.53 18.98 697.30 3.43 -0.32 16.59 609.64</u></div>
<div><u>Essex Cty 5.60 18.76 689.22 3.35 16.51 606.55</u></div>
<div><u>Mdsx Low 5.51 18.67 685.91 3.36 16.52 606.91</u></div>
<div><u>Mdsx High 6.15 19.31 709.43 3.50 16.66 612.06</u></div>
<div><u>Mdsx Average5.75 1.48 18.91 694.85 3.42 -0.33 16.58 609.12</u></div>
<div><u>Hensall 6.12 19.27 708.20 3.48 16.64 611.45</u></div>
<div><u>Bruce 5.60 18.76 689.22 3.40 16.56 608.38</u></div>
<div><u>Putnam 6.15 19.31 709.43 3.50 16.66 612.06</u></div>
<div><u>Burford 5.57 18.73 688.12 3.42 16.58 609.12</u></div>
<div><u>Port Perry 5.48 18.64 684.81 3.33 16.49 605.81</u></div>
<div><u>Norfolk 5.60 18.76 689.22 3.45 16.61 610.22</u></div>
<div><u>Palmerston 6.34 19.50 716.41 3.58 16.74 615.00</u></div>
<div><u>Varna 6.05 19.21 705.75 3.45 16.61 610.22</u></div>
<div><u>Trenton N/A 3.50 16.66 612.06</u></div>
<div><u>Winchester N/A 3.56 16.72 614.26</u></div>
<div><u>North Gower 5.69 18.85 692.53 3.55 16.71 613.90</u></div>
<div><u>Vankleek Hil3.89 17.05 626.39 3.24 16.40 602.50</u></div>
<div><u>Huron FOB 6.08 5.76 N/A N/A 19.24 706.86 3.48 16.64 611.32</u></div>
<div><u>Kent FOB 5.70 18.86 692.89 3.40 16.56 608.38</u></div>
<div><u>Lambton FOB N/A 3.67 16.83 618.30</u></div>
<div><u>Mdsx FOB 5.74 5.74 N/A N/A 18.90 694.36 3.64 16.80 617.20</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 6.75 19.91 731.48 3.84 17.00 624.55</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 6.05 19.21 705.75 4.10 17.26 634.10</u></div>
<div><u>Prescott N/A 3.78 16.94 622.35</u></div>
<div><u>Port Colborn N/A 4.12 17.28 634.84</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.97 14.13 519.07 -0.45 12.71 466.84</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2922 up 0.0026</u></div>
<div><u>Chicago wheat closed lower to sharply lower.</u></div>
<div><u>SEP22 HI 8.07 1/4 JUL23 HI 8.29 3/4</u></div>
<div><u> LOW 7.54 LOW 7.91 3/4</u></div>
<div><u> CLOSE 7.59 Down 47 1/4 CLOSE 7.96 1/2 Down 33 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>SEP22 HI 9.12 SEP23 HI 8.91 3/4</u></div>
<div><u> LOW 8.69 1/4 LOW 8.83</u></div>
<div><u> CLOSE 8.71 Down 41 1/2 CLOSE 8.91 Down 22 1/4</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 1.50 N/A N/A N/A 1.45 N/A</u></div>
<div><u>London 2.71 2.06 1.36 N/A 2.14 1.76 1.37 N/A</u></div>
<div><u>Hensall 2.90 N/A 1.50 N/A 2.50 N/A 1.45 N/A</u></div>
<div><u>Trenton N/A N/A 1.50 N/A N/A N/A 1.45 N/A</u></div>
<div><u>Bruce 2.70 2.10 1.50 1.60 2.30 1.80 1.45 N/A</u></div>
<div><u>Essex N/A N/A 1.40 N/A N/A N/A 1.45 N/A</u></div>
<div><u>Norwich 2.90 N/A 1.50 N/A 2.50 N/A 1.45 N/A</u></div>
<div><u>Port Hope N/A N/A 1.50 N/A N/A N/A 1.45 N/A</u></div>
<div><u>Kent Bridge 2.90 N/A 1.50 N/A 2.50 N/A 1.45 N/A</u></div>
<div><u>Chatham N/A N/A 1.40 N/A N/A N/A 1.50 N/A</u></div>
<div><u>Brigden N/A N/A 1.40 N/A N/A N/A 1.50 N/A</u></div>
<div><u>Palmerston N/A 2.21 1.57 1.91 N/A N/A 1.22 N/A</u></div>
<div><u>Varna 2.75 2.20 1.45 N/A 2.40 1.90 1.45 N/A</u></div>
<div><u>Mitchell 2.90 2.10 1.50 N/A 2.50 1.80 1.45 N/A</u></div>
<div><u>Thornton 2.71 2.06 1.36 2.01 2.14 1.76 1.37 N/A</u></div>
<div><u>North Gower N/A 1.10 1.50 1.17 N/A 1.05 1.45 0.87</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 2.01 N/A N/A N/A 1.77 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.22 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.34US 9.49CA 7.87US 10.16CA</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 754.54</u></div>
<div><u>DDG's FOB Srn & Aylm 315.00 - 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
<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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