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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 28</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3215 up 0.0067</u></div>
<div class="ContentPasted0"><u>Chicago corn closed lower.</u></div>
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<div class="ContentPasted0"><u>      SEP23   HI 5.58  1/2                    DEC23    HI 5.62  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 5.29                                 LOW 5.34</u></div>
<div class="ContentPasted0"><u>            CLOSE5.31  1/4  Down 25                 CLOSE 5.36  3/4  Down 24 1/4</u></div>
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<div class="ContentPasted0"><u>            OLD CROP BASIS                          NEW CROP BASIS</u></div>
<div class="ContentPasted0"><u>Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +SEP23+SEP23+DEC23</u></div>
<div class="ContentPasted0"><u>CK Low       1.40                        6.71 264.26  1.00         6.37 250.68</u></div>
<div class="ContentPasted0"><u>CK High      1.44                        6.75 265.83  1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>CK Avg       1.41                  -0.23 6.72 264.48  1.12 -0.46   6.49 255.46</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.40                        6.71 264.26  1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.40                        6.71 264.26  1.10         6.47 254.61</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        6.71 264.26  1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.40                  -0.23 6.71 264.26  1.13 -0.45   6.50 255.93</u></div>
<div class="ContentPasted0"><u>Hensall      1.45                        6.76 266.23  1.17         6.53 257.24</u></div>
<div class="ContentPasted0"><u>Bruce        1.35                        6.66 262.29  1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>Putnam       1.40                        6.71 264.26  1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>Guelph       1.35                        6.66 262.29  1.10         6.47 254.61</u></div>
<div class="ContentPasted0"><u>Burford      1.35                        6.66 262.29  1.10         6.47 254.61</u></div>
<div class="ContentPasted0"><u>Port Perry   0.95                        6.26 246.54  0.90         6.27 246.74</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        6.71 264.26  1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>Palmerston   1.35                        6.66 262.29  1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>Varna        1.45                        6.76 266.23  1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>Belmore      1.35                        6.66 262.29  1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>Trenton      0.95                        6.26 246.54  0.95         6.32 248.71</u></div>
<div class="ContentPasted0"><u>Winchester  N/A                                       1.05         6.42 252.65</u></div>
<div class="ContentPasted0"><u>North Gower  1.19                        6.50 255.99  0.95         6.32 248.71</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 0.78                        6.09 239.85  0.86         6.23 245.17</u></div>
<div class="ContentPasted0"><u>Huron FOB   N/A    1.43  1.49  1.47                   1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.50                        6.81 268.20  1.20         6.57 258.55</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.13                        6.44 253.63N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.30  1.40N/A   N/A         6.61 260.32  1.15         6.52 256.58</u></div>
<div class="ContentPasted0"><u>FOB SW Que   1.64                        6.95 273.71N/A</u></div>
<div class="ContentPasted0"><u>Track        1.94                        7.25 285.32N/A</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Chat-Eth    N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Aylmer-Eth  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Sarn-Eth    N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>London-Ing  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>W O Feed     1.94                        7.25 285.32</u></div>
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<div class="ContentPasted0"><u>US Rep       2.69                        8.00 315.04</u></div>
<div class="ContentPasted0"><u>Toledo El.   0.53                        5.84 229.95 -0.40         4.97 195.70</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.55         6.92 272.33</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.48         6.85 269.57</u></div>
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<div class="ContentPasted0"><u>HI SD CRN                                             1.15         6.51 3/4</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3215 up 0.0067</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed moderately lower.</u></div>
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<div class="ContentPasted0"><u>      AUG23   HI 14.01  1/4              NOV23     HI 12.95  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 13.51  1/4                       LOW 12.56  3/4</u></div>
<div class="ContentPasted0"><u>            CLOSE13.61   Down 34 1/2            CLOSE 12.65   Down 29 1/4</u></div>
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<div class="ContentPasted0"><u>            OLD CROP                                  NEW CROP</u></div>
<div class="ContentPasted0"><u>Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +AUG23+AUG23+NOV23</u></div>
<div class="ContentPasted0"><u>CK Low      4.24                         17.85 655.88  2.80        15.45 567.69</u></div>
<div class="ContentPasted0"><u>CK High     4.60                         18.21 669.10  2.95        15.60 573.20</u></div>
<div class="ContentPasted0"><u>CK Average  4.53                    0.11 18.14 666.37  2.87 -0.91  15.52 570.10</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.60                         18.21 669.10  2.95        15.60 573.20</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.42                         18.03 662.49  2.85        15.50 569.53</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.60                         18.21 669.10  2.89        15.54 571.00</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.54                    0.13 18.15 666.99  2.86 -0.91  15.51 569.89</u></div>
<div class="ContentPasted0"><u>Hensall     4.57                         18.18 667.88  2.85        15.50 569.53</u></div>
<div class="ContentPasted0"><u>Bruce       4.34                         17.95 659.55  2.85        15.50 569.53</u></div>
<div class="ContentPasted0"><u>Putnam      4.60                         18.21 669.10  2.85        15.50 569.53</u></div>
<div class="ContentPasted0"><u>Guelph      4.60                         18.21 669.10  2.81        15.46 568.06</u></div>
<div class="ContentPasted0"><u>Burford     4.52                         18.13 666.16  2.99        15.64 574.67</u></div>
<div class="ContentPasted0"><u>Port Perry  4.36                         17.97 660.28  2.83        15.48 568.79</u></div>
<div class="ContentPasted0"><u>Norfolk     4.60                         18.21 669.10  2.85        15.50 569.53</u></div>
<div class="ContentPasted0"><u>Palmerston  4.55                         18.16 667.27  2.85        15.50 569.53</u></div>
<div class="ContentPasted0"><u>Varna       4.55                         18.16 667.27  2.85        15.50 569.53</u></div>
<div class="ContentPasted0"><u>Trenton     4.75                         18.36 674.61  2.85        15.50 569.53</u></div>
<div class="ContentPasted0"><u>Winchester   N/A                                       2.75        15.40 565.85</u></div>
<div class="ContentPasted0"><u>North Gower 4.45                         18.06 663.59  2.90        15.55 571.36</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.20                         17.81 654.41  3.23        15.88 583.49</u></div>
<div class="ContentPasted0"><u>Huron FOB    N/A  4.51  4.58  2.80                     2.85        15.50 569.53</u></div>
<div class="ContentPasted0"><u>Kent FOB    4.70                         18.31 672.78  2.85        15.50 569.53</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.30                         17.91 658.08  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    4.57  4.70  N/A   N/A        18.18 668.00  3.06        15.71 577.24</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.52                         19.13 702.91  3.62        16.27 597.82</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.00                         18.61 683.80  3.40        16.05 589.74</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       3.62        16.27 597.82</u></div>
<div class="ContentPasted0"><u>Port Colborn N/A                                       3.57        16.22 595.98</u></div>
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<div class="ContentPasted0"><u>Toledo El.  0.26                         13.87 509.79 -0.59        12.06 442.96</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3215 up 0.0067</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed lower.</u></div>
<div class="ContentPasted0"><u>SEP23      HI     7.06  1/4            SEP23   HI      7.06  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    6.67  1/2                    LOW     6.67  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  6.69  3/4  Down 29 1/4       CLOSE   6.69  3/4  Down 29 1/4</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed lower.</u></div>
<div class="ContentPasted0"><u>SEP23      HI        8.46              SEP23   HI         8.46</u></div>
<div class="ContentPasted0"><u>           LOW    8.16  3/4                    LOW     8.16  3/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  8.18  1/4  Down 27           CLOSE   8.18  1/4  Down 27</u></div>
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<div class="ContentPasted0"><u>Direct MarkHarvest 2022                Harvest 2023</u></div>
<div class="ContentPasted0"><u>           DELIVERED BASIS             DELIVERED BASIS</u></div>
<div class="ContentPasted0"><u>Location   SWW(C) HRW(C) SRW(C) HRS(M) SWW(C)  HRW(C)  SRW(C) HRS(M)</u></div>
<div class="ContentPasted0"><u>ELEVATORS</u></div>
<div class="ContentPasted0"><u>Brgssvll     N/A    N/A    N/A    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>London      2.16   1.69   1.17    N/A    2.36    1.50   0.83    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     2.30   1.90   1.20   1.40    2.55    1.60   0.85   1.45</u></div>
<div class="ContentPasted0"><u>Trenton      N/A    N/A    N/A    N/A    N/A     N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Bruce       1.75   1.25   0.75   1.15    1.75    1.25   0.75   1.15</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A    N/A    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Norwich      N/A    N/A   1.20    N/A    2.45    N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Belmore      N/A   1.51    N/A   1.01    1.66    1.16   0.71   1.15</u></div>
<div class="ContentPasted0"><u>Kent Bridge  N/A    N/A   1.20    N/A    2.45    N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   1.10    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A    N/A    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   1.51    N/A   1.01    1.66    1.16   0.71   1.15</u></div>
<div class="ContentPasted0"><u>Varna       2.30   1.90   1.20    N/A    2.55    1.60   0.85    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell     N/A    N/A   1.20    N/A    2.45    1.60   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    2.16   1.69   1.17   1.36    2.36    1.50   0.83    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   0.96   1.26   1.28    N/A     0.90   1.10   1.12</u></div>
<div class="ContentPasted0"><u>W O Feed                  2.07</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.56    N/A    N/A     N/A    1.50    N/A</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Toledo FM    N/A    N/A   1.82    N/A    N/A     N/A    1.82    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 6.36US        8.40CA         6.36US         8.40CA</u></div>
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<div class="ContentPasted0"><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div class="ContentPasted0"><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
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<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0"><u>FOB Hm Soymeal            641.34</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            295.00</u></div>
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<span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><o:p style="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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