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<span class="elementToProof">Please note for the soybean report: Most elevators are now using the November future for the old crop prices.</span></div>
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As a result, there is a wide variation in the basis values, and significant differences from the values shown on the July 3 report for old crop soybeans.</div>
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If you have any questions, please do not reply to this email. Send to fmnc@uoguelph.ca</div>
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Thank you.</div>
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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 4</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3186 down 0.0031</u></div>
<div class="ContentPasted0"><u>Markets in the U.S. were closed for the July 4 holiday</u></div>
<div class="ContentPasted0"><u>Chicago corn closed slightly lower on July 3.</u></div>
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<div class="ContentPasted0"><u> SEP23 HI 4.99 DEC23 HI 5.05</u></div>
<div class="ContentPasted0"><u> LOW 4.83 1/4 LOW 4.88 3/4</u></div>
<div class="ContentPasted0"><u> CLOSE4.88 Down 1/2 CLOSE 4.93 1/2 Down 1 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+DEC23+DEC23</u></div>
<div class="ContentPasted0"><u>CK Low 1.30 6.18 243.30 0.95 5.89 231.68</u></div>
<div class="ContentPasted0"><u>CK High 1.40 6.28 247.23 1.15 6.09 239.56</u></div>
<div class="ContentPasted0"><u>CK Avg 1.39 -0.13 6.27 246.67 1.10 -0.36 6.04 237.59</u></div>
<div class="ContentPasted0"><u>Essex Cty 1.40 6.28 247.23 1.10 6.04 237.59</u></div>
<div class="ContentPasted0"><u>Mdsx Low 1.40 6.28 247.23 1.10 6.04 237.59</u></div>
<div class="ContentPasted0"><u>Mdsx High 1.40 6.28 247.23 1.15 6.09 239.56</u></div>
<div class="ContentPasted0"><u>Mdsx Avg 1.40 -0.12 6.28 247.23 1.12 -0.35 6.05 238.24</u></div>
<div class="ContentPasted0"><u>Hensall 1.42 6.30 247.89 1.17 6.10 240.21</u></div>
<div class="ContentPasted0"><u>Bruce 1.35 6.23 245.26 1.10 6.04 237.59</u></div>
<div class="ContentPasted0"><u>Putnam 1.40 6.28 247.23 1.15 6.09 239.56</u></div>
<div class="ContentPasted0"><u>Guelph 1.35 6.23 245.26 1.10 6.04 237.59</u></div>
<div class="ContentPasted0"><u>Burford 1.35 6.23 245.26 1.10 6.04 237.59</u></div>
<div class="ContentPasted0"><u>Port Perry 0.95 5.83 229.52 0.90 5.84 229.71</u></div>
<div class="ContentPasted0"><u>Norfolk 1.40 6.28 247.23 1.10 6.04 237.59</u></div>
<div class="ContentPasted0"><u>Palmerston 1.35 6.23 245.26 1.15 6.09 239.56</u></div>
<div class="ContentPasted0"><u>Varna 1.40 6.28 247.23 1.15 6.09 239.56</u></div>
<div class="ContentPasted0"><u>Belmore 1.35 6.23 245.26 1.15 6.09 239.56</u></div>
<div class="ContentPasted0"><u>Trenton 0.95 5.83 229.52 0.95 5.89 231.68</u></div>
<div class="ContentPasted0"><u>Winchester N/A 1.15 6.09 239.56</u></div>
<div class="ContentPasted0"><u>North Gower 1.00 5.88 231.49 0.95 5.89 231.68</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 0.67 5.55 218.49 0.69 5.63 221.45</u></div>
<div class="ContentPasted0"><u>Huron FOB N/A 1.35 1.35N/A 1.15 6.09 239.56</u></div>
<div class="ContentPasted0"><u>Kent FOB 1.55 6.43 253.14 1.10 6.04 237.59</u></div>
<div class="ContentPasted0"><u>Lamb FOB 1.30 6.18 243.30N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB 1.40N/A N/A N/A 6.28 247.23 1.15 6.09 239.56</u></div>
<div class="ContentPasted0"><u>FOB SW Que 1.90 6.78 266.92N/A</u></div>
<div class="ContentPasted0"><u>Track 1.87 6.75 265.74N/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 2.10 1.75 6.69 263.18</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 1.87 6.75 265.74</u></div>
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<div class="ContentPasted0"><u>US Rep 2.68 7.56 297.62</u></div>
<div class="ContentPasted0"><u>Toledo El. 0.53 5.41 212.88 -0.40 4.54 178.71</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb N/A 1.55 6.49 255.30</u></div>
<div class="ContentPasted0"><u>Prescott N/A 1.25 6.19 243.49</u></div>
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<div class="ContentPasted0"><u>HI SD CRN 1.15 6.08 1/2</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3186 down 0.0031</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly to moderately higher.</u></div>
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<div class="ContentPasted0"><u> NOV23 HI 13.91 3/4 NOV23 HI 13.91 3/4</u></div>
<div class="ContentPasted0"><u> LOW 13.43 1/4 LOW 13.43 1/4</u></div>
<div class="ContentPasted0"><u> CLOSE13.53 3/4 Up 10 1/2 CLOSE 13.53 3/4 Up 10 1/2</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 +NOV23+NOV23+NOV23</u></div>
<div class="ContentPasted0"><u>CK Low 5.30 18.84 692.16 2.80 16.34 600.30</u></div>
<div class="ContentPasted0"><u>CK High 5.78 19.32 709.80 3.26 16.80 617.20</u></div>
<div class="ContentPasted0"><u>CK Average 5.47 0.88 19.01 698.41 3.10 -0.92 16.64 611.38</u></div>
<div class="ContentPasted0"><u>Essex Cty 5.30 18.84 692.16 3.25 16.79 616.84</u></div>
<div class="ContentPasted0"><u>Mdsx Low 5.30 18.84 692.16 3.15 16.69 613.16</u></div>
<div class="ContentPasted0"><u>Mdsx High 5.76 19.30 709.06 3.25 16.79 616.84</u></div>
<div class="ContentPasted0"><u>Mdsx Average5.51 0.91 19.05 699.97 3.21 -0.84 16.75 615.37</u></div>
<div class="ContentPasted0"><u>Hensall 5.51 19.05 699.88 3.23 16.77 616.22</u></div>
<div class="ContentPasted0"><u>Bruce 5.30 18.84 692.16 3.20 16.74 615.00</u></div>
<div class="ContentPasted0"><u>Putnam 5.35 18.89 694.00 3.20 16.74 615.00</u></div>
<div class="ContentPasted0"><u>Guelph 5.58 19.12 702.45 3.13 16.67 612.43</u></div>
<div class="ContentPasted0"><u>Burford 5.86 19.40 712.74 3.34 16.88 620.14</u></div>
<div class="ContentPasted0"><u>Port Perry 5.70 19.24 706.86 3.18 16.72 614.26</u></div>
<div class="ContentPasted0"><u>Norfolk 5.30 18.84 692.16 3.20 16.74 615.00</u></div>
<div class="ContentPasted0"><u>Palmerston 5.69 19.23 706.49 2.85 16.39 602.14</u></div>
<div class="ContentPasted0"><u>Varna 5.69 19.23 706.49 2.95 16.49 605.81</u></div>
<div class="ContentPasted0"><u>Trenton 5.35 18.89 694.00 2.85 16.39 602.14</u></div>
<div class="ContentPasted0"><u>Winchester N/A 2.85 16.39 602.14</u></div>
<div class="ContentPasted0"><u>North Gower 5.54 19.08 700.98 2.90 16.44 603.97</u></div>
<div class="ContentPasted0"><u>Vankleek Hil5.23 18.77 689.59 3.30 16.84 618.67</u></div>
<div class="ContentPasted0"><u>Huron FOB 5.65 5.78 3.25 3.25 19.19 705.02 3.25 16.79 616.84</u></div>
<div class="ContentPasted0"><u>Kent FOB 5.40 18.94 695.83 3.15 16.69 613.16</u></div>
<div class="ContentPasted0"><u>Lambton FOB 5.78 19.32 709.80 N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB 6.05 N/A N/A N/A 19.59 719.72 3.44 16.98 623.82</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor 6.04 19.58 719.35 3.73 17.27 634.47</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton 5.75 19.29 708.69 3.75 17.29 635.21</u></div>
<div class="ContentPasted0"><u>Prescott N/A 3.63 17.17 630.80</u></div>
<div class="ContentPasted0"><u>Port Colborn N/A 3.95 17.49 642.56</u></div>
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<div class="ContentPasted0"><u>Toledo El. 1.77 15.30 562.34 -0.59 12.94 475.62</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3186 down 0.0031</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>SEP23 HI 6.55 3/4 JUL24 HI 7.04</u></div>
<div class="ContentPasted0"><u> LOW 6.38 LOW 6.87 1/2</u></div>
<div class="ContentPasted0"><u> CLOSE 6.41 3/4 Down 9 1/4 CLOSE 6.91 Down 6 3/4</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>SEP23 HI 8.35 SEP24 HI 7.76</u></div>
<div class="ContentPasted0"><u> LOW 8.07 1/4 LOW 7.76</u></div>
<div class="ContentPasted0"><u> CLOSE 8.09 1/4 Down 7 3/4 CLOSE 7.76 Down 2</u></div>
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<div class="ContentPasted0"><u>Direct MarkHarvest 2023 Harvest 2024</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 0.80 N/A N/A N/A 1.00 N/A</u></div>
<div class="ContentPasted0"><u>London 2.23 1.37 0.71 N/A 2.51 1.26 0.86 N/A</u></div>
<div class="ContentPasted0"><u>Hensall 2.50 1.55 0.80 1.40 1.90 1.45 0.95 N/A</u></div>
<div class="ContentPasted0"><u>Trenton N/A N/A 0.85 N/A N/A N/A N/A N/A</u></div>
<div class="ContentPasted0"><u>Bruce 1.80 1.30 0.80 1.15 1.53 1.25 0.95 N/A</u></div>
<div class="ContentPasted0"><u>Essex N/A N/A 0.65 N/A N/A N/A 0.80 N/A</u></div>
<div class="ContentPasted0"><u>Norwich 2.50 N/A 0.80 N/A 1.95 N/A 0.95 N/A</u></div>
<div class="ContentPasted0"><u>Belmore 1.80 1.25 0.80 1.15 1.90 1.30 0.95 N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 2.50 N/A 0.80 N/A 1.95 N/A 0.95 N/A</u></div>
<div class="ContentPasted0"><u>Chatham N/A N/A 0.65 N/A N/A N/A 0.80 N/A</u></div>
<div class="ContentPasted0"><u>Brigden N/A N/A 0.65 N/A N/A N/A 0.80 N/A</u></div>
<div class="ContentPasted0"><u>Palmerston 1.80 1.25 0.80 1.15 1.90 1.30 0.95 N/A</u></div>
<div class="ContentPasted0"><u>Varna 2.50 1.55 0.80 N/A 1.90 1.45 0.95 N/A</u></div>
<div class="ContentPasted0"><u>Mitchell 2.50 1.55 0.80 N/A 1.95 1.45 0.95 N/A</u></div>
<div class="ContentPasted0"><u>Thornton 2.23 1.37 0.71 1.28 2.25 1.26 0.86 N/A</u></div>
<div class="ContentPasted0"><u>North Gower N/A 0.90 1.10 1.12 N/A 0.68 0.88 0.87</u></div>
<div class="ContentPasted0"><u>W O Feed 1.94</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor N/A N/A 1.37 N/A N/A N/A 1.10 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 1.71 N/A N/A N/A N/A N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 6.09US 8.03CA 6.67US 8.79CA</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 645.52</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm 300.00</u></div>
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<p style="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<o:p> </o:p></span></p>
<p style="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
<o:p> </o:p></span></p>
<p style="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<o:p> </o:p></span></p>
<p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri, "sans-serif"">
<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p style="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="mso-spacerun:yes">
</span><o:p> </o:p></span></p>
<p style="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
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