<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div class="elementToProof" style="font-family:"Courier New",monospace; font-size:10pt; color:rgb(0,0,0)">
<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 25</u> </div>
<div class="elementToProof" 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 1.2843 down 0.0079</u></div>
<div><u>Chicago corn closed moderately higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> SEP22 HI 5.80 3/4 DEC22 HI 5.84 1/4</u></div>
<div><u> LOW 5.66 1/4 LOW 5.68 1/2</u></div>
<div><u> CLOSE5.80 Up 15 3/4 CLOSE 5.83 3/4 Up 19 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 +SEP22+DEC22+DEC22</u></div>
<div><u>CK Low 1.60 7.40 291.33 1.25 7.09 279.02</u></div>
<div><u>CK High 1.70 7.50 295.26 1.35 7.19 282.96</u></div>
<div><u>CK Avg 1.68 0.02 7.48 294.42 1.32 -0.26 7.16 281.83</u></div>
<div><u>Essex Cty 1.70 7.50 295.26 1.30 7.14 280.99</u></div>
<div><u>Mdsx Low 1.60 7.40 291.33 1.30 7.14 280.99</u></div>
<div><u>Mdsx High 1.70 7.50 295.26 1.35 7.19 282.96</u></div>
<div><u>Mdsx Avg 1.65 0.00 7.45 293.29 1.33 -0.26 7.16 281.98</u></div>
<div><u>Hensall 1.68 7.48 294.61 1.37 7.20 283.62</u></div>
<div><u>Bruce 1.65 7.45 293.29 1.35 7.19 282.96</u></div>
<div><u>Putnam N/A 1.35 7.19 282.96</u></div>
<div><u>Burford 1.60 7.40 291.33 1.30 7.14 280.99</u></div>
<div><u>Port Perry 1.60 7.40 291.33 1.25 7.09 279.02</u></div>
<div><u>Norfolk 1.70 7.50 295.26 1.35 7.19 282.96</u></div>
<div><u>Palmerston 1.65 7.45 293.29 1.33 7.17 282.17</u></div>
<div><u>Varna 1.65 7.45 293.29 1.35 7.19 282.96</u></div>
<div><u>Belmore 1.65 7.45 293.29 1.35 7.19 282.96</u></div>
<div><u>Trenton 1.80 7.60 299.20 1.30 7.14 280.99</u></div>
<div><u>Winchester N/A 1.70 7.54 296.74</u></div>
<div><u>North Gower 1.70 7.50 295.26 1.70 7.54 296.74</u></div>
<div><u>Vankleek Hil 1.68 7.48 294.47 1.39 7.23 284.53</u></div>
<div><u>Huron FOB N/A 1.65 1.69N/A 1.22 7.06 277.84</u></div>
<div><u>Kent FOB 1.75 7.55 297.23 1.35 7.19 282.96</u></div>
<div><u>Lamb FOB 1.70 7.50 295.26 1.28 7.12 280.20</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.25 7.09 279.02</u></div>
<div><u>FOB SW Que 2.47 8.27 325.58N/A</u></div>
<div><u>Track 2.05 7.85 309.04N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/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 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 1.85 1.65 7.49 294.77</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 7.95 313.11</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.48 8.28 325.97</u></div>
<div><u>Toledo El. 0.96 6.76 266.26 -0.39 5.45 214.64</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.55 7.39 290.83</u></div>
<div><u>Prescott 1.94 7.74 304.71 1.97 7.81 307.37</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.35 7.18 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2843 down 0.0079</u></div>
<div><u>Chicago soybeans closed moderately higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV22 HI 13.49 1/4 NOV22 HI 13.49 1/4</u></div>
<div><u> LOW 13.14 1/2 LOW 13.14 1/2</u></div>
<div><u> CLOSE13.46 Up 30 1/4 CLOSE 13.46 Up 30 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 5.30 18.76 689.31 3.35 16.81 617.66</u></div>
<div><u>CK High 6.05 19.51 716.87 3.50 16.96 623.17</u></div>
<div><u>CK Average 5.70 1.46 19.16 704.17 3.41 -0.33 16.87 619.76</u></div>
<div><u>Essex Cty 5.60 19.06 700.34 3.35 16.81 617.66</u></div>
<div><u>Mdsx Low 5.60 19.06 700.34 3.40 16.86 619.50</u></div>
<div><u>Mdsx High 5.95 19.41 713.20 3.42 16.88 620.23</u></div>
<div><u>Mdsx Average5.72 1.47 19.18 704.62 3.41 -0.33 16.87 619.74</u></div>
<div><u>Hensall 5.98 19.44 714.42 3.42 16.88 620.11</u></div>
<div><u>Bruce 5.60 19.06 700.34 3.40 16.86 619.50</u></div>
<div><u>Putnam 6.05 19.51 716.87 3.45 16.91 621.34</u></div>
<div><u>Burford 5.66 19.12 702.54 3.48 16.94 622.44</u></div>
<div><u>Port Perry 5.57 19.03 699.23 3.39 16.85 619.13</u></div>
<div><u>Norfolk 5.60 19.06 700.34 3.45 16.91 621.34</u></div>
<div><u>Palmerston 5.77 19.23 706.58 3.44 16.90 620.97</u></div>
<div><u>Varna 5.95 19.41 713.20 3.40 16.86 619.50</u></div>
<div><u>Trenton N/A 3.45 16.91 621.34</u></div>
<div><u>Winchester N/A 3.60 17.06 626.85</u></div>
<div><u>North Gower 5.77 19.23 706.58 3.55 17.01 625.01</u></div>
<div><u>Vankleek Hil3.86 17.32 636.40 3.21 16.67 612.52</u></div>
<div><u>Huron FOB 5.88 5.88 N/A N/A 19.34 710.62 3.54 17.00 624.64</u></div>
<div><u>Kent FOB 5.70 19.16 704.01 3.40 16.86 619.50</u></div>
<div><u>Lambton FOB 6.20 19.66 722.38 3.72 17.18 631.26</u></div>
<div><u>Mdsx FOB 5.83 5.83 N/A N/A 19.29 708.79 3.73 17.19 631.62</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 6.79 20.25 744.06 3.88 17.34 637.14</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 6.05 19.51 716.87 4.10 17.56 645.22</u></div>
<div><u>Prescott N/A 3.78 17.24 633.46</u></div>
<div><u>Port Colborn N/A 4.21 17.67 649.26</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.96 14.42 529.96 -0.45 13.01 478.05</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2843 down 0.0079</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>SEP22 HI 7.93 1/2 JUL23 HI 8.27</u></div>
<div><u> LOW 7.60 1/2 LOW 7.96 1/4</u></div>
<div><u> CLOSE 7.70 Up 11 CLOSE 8.04 3/4 Up 8 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>SEP22 HI 8.99 1/2 SEP23 HI 9.00</u></div>
<div><u> LOW 8.74 LOW 8.87</u></div>
<div><u> CLOSE 8.84 Up 13 CLOSE 8.93 3/4 Up 2 3/4</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 2.69 2.04 1.34 N/A 2.14 1.76 1.37 N/A</u></div>
<div><u>Hensall 2.80 N/A 1.40 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 2.60 2.10 1.40 1.60 2.30 1.80 1.45 N/A</u></div>
<div><u>Essex N/A N/A 1.35 N/A N/A N/A 1.45 N/A</u></div>
<div><u>Norwich 2.80 N/A 1.40 N/A 2.50 N/A 1.45 N/A</u></div>
<div><u>Port Hope N/A N/A 1.40 N/A N/A N/A 1.45 N/A</u></div>
<div><u>Kent Bridge 2.80 N/A 1.40 N/A 2.50 N/A 1.45 N/A</u></div>
<div><u>Chatham N/A N/A 1.35 N/A N/A N/A 1.50 N/A</u></div>
<div><u>Brigden N/A N/A 1.35 N/A N/A N/A 1.50 N/A</u></div>
<div><u>Palmerston N/A 2.19 1.54 2.13 N/A N/A 1.18 N/A</u></div>
<div><u>Varna 2.70 2.15 1.40 N/A 2.35 1.85 1.40 N/A</u></div>
<div><u>Mitchell 2.80 2.10 1.40 N/A 2.50 1.80 1.45 N/A</u></div>
<div><u>Thornton 2.69 2.04 1.34 1.98 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 2.01</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.99 N/A N/A N/A 1.76 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.19 N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.45US 9.57CA 7.95US 10.21CA</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 742.42</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 315.00</u></div>
<div><u><br>
</u></div>
<div><br>
</div>
<p class="MsoNoSpacing" style="margin-top: 0px; margin-bottom: 0px;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 </span></p>
<p class="MsoNoSpacing" style="margin-top: 0px; margin-bottom: 0px;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 </span></p>
<p class="MsoNoSpacing" style="margin-top: 0px; margin-bottom: 0px;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 </span></p>
<p class="MsoNoSpacing" style="margin-top: 0px; margin-bottom: 0px;margin:0in 0in 0.0001pt; font-size:11pt; font-family:Calibri,"sans-serif"">
<span style="font-size:10.0pt; font-family:"Courier New""> </span></p>
<p class="MsoNoSpacing" style="margin-top: 0px; margin-bottom: 0px;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="">
</span> </span></p>
<p class="MsoNoSpacing" style="margin-top: 0px; margin-bottom: 0px;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 </span></p>
<p class="MsoNoSpacing" style="margin-top: 0px; margin-bottom: 0px;margin:0in 0in 0.0001pt; font-size:11pt; font-family:Calibri,"sans-serif"">
<span style="font-size:10.0pt; font-family:"Courier New"">Fax. 519-674-1530<br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"><span style="color:#333333"> </span></span></span><span class="object"><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="color:#333333; background:#FDFDFD"> </span></span><span style="background:#FDFDFD"> to
unsubscribe from this report.</span><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario</span></span> </p>
<br>
</div>
</body>
</html>