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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 17</u>
<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.316 down 0.0019</u></div>
<div class="ContentPasted0"><u>Chicago corn closed slightly to moderately lower.</u></div>
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<div class="ContentPasted0"><u>      SEP23   HI 5.19  3/4                    DEC23    HI 5.26  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 4.96  1/4                            LOW 5.03  1/4</u></div>
<div class="ContentPasted0"><u>            CLOSE4.99  1/4  Down 7 1/4              CLOSE 5.06   Down 7 3/4</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       1.20                        6.19 243.79  1.05         6.11 240.54</u></div>
<div class="ContentPasted0"><u>CK High      1.40                        6.39 251.66  1.10         6.16 242.51</u></div>
<div class="ContentPasted0"><u>CK Avg       1.31                  -0.20 6.31 248.29  1.06 -0.41   6.12 241.10</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.40                        6.39 251.66  1.10         6.16 242.51</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.30                        6.29 247.72  1.05         6.11 240.54</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        6.39 251.66  1.10         6.16 242.51</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.33                  -0.19 6.33 249.04  1.07 -0.40   6.13 241.20</u></div>
<div class="ContentPasted0"><u>Hensall      1.32                        6.31 248.38  1.10         6.16 242.51</u></div>
<div class="ContentPasted0"><u>Bruce        1.35                        6.34 249.69  1.10         6.16 242.51</u></div>
<div class="ContentPasted0"><u>Putnam       1.30                        6.29 247.72  1.05         6.11 240.54</u></div>
<div class="ContentPasted0"><u>Guelph       1.35                        6.34 249.69  1.05         6.11 240.54</u></div>
<div class="ContentPasted0"><u>Burford      1.30                        6.29 247.72  1.05         6.11 240.54</u></div>
<div class="ContentPasted0"><u>Port Perry   1.00                        5.99 235.91  0.90         5.96 234.63</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        6.39 251.66  1.10         6.16 242.51</u></div>
<div class="ContentPasted0"><u>Palmerston   1.30                        6.29 247.72  1.10         6.16 242.51</u></div>
<div class="ContentPasted0"><u>Varna        1.30                        6.29 247.72  1.10         6.16 242.51</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        6.29 247.72  1.10         6.16 242.51</u></div>
<div class="ContentPasted0"><u>Trenton      1.20                        6.19 243.79  0.85         5.91 232.67</u></div>
<div class="ContentPasted0"><u>Winchester  N/A                                       1.00         6.06 238.57</u></div>
<div class="ContentPasted0"><u>North Gower  1.00                        5.99 235.91  0.95         6.01 236.60</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.38                        6.37 250.87  0.81         5.87 231.09</u></div>
<div class="ContentPasted0"><u>Huron FOB   N/A    1.45  1.47N/A                      1.10         6.16 242.51</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.45                        6.44 253.63  1.05         6.11 240.54</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.32                        6.31 248.51N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.35N/A   N/A   N/A         6.34 249.69  1.05         6.11 240.54</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.20                        7.19 283.16N/A</u></div>
<div class="ContentPasted0"><u>Track        1.95                        6.94 273.31N/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     1.85                   1.65         6.71 264.16</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     1.95                        6.94 273.31</u></div>
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<div class="ContentPasted0"><u>US Rep       2.42                        7.41 291.82</u></div>
<div class="ContentPasted0"><u>Toledo El.   0.53                        5.52 217.27 -0.39         4.67 183.66</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.45         6.51 256.29</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.23         6.29 247.63</u></div>
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<div class="ContentPasted0"><u>HI SD CRN                                             1.10         6.16</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.316 down 0.0019</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly higher.</u></div>
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<div class="ContentPasted0"><u>      NOV23   HI 13.88  3/4              NOV23     HI 13.88  3/4</u></div>
<div class="ContentPasted0"><u>             LOW 13.69                            LOW 13.69</u></div>
<div class="ContentPasted0"><u>            CLOSE13.78   Up 7 1/4               CLOSE 13.78   Up 7 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        +NOV23+NOV23+NOV23</u></div>
<div class="ContentPasted0"><u>CK Low      4.95                         18.73 688.21  3.00        16.78 616.56</u></div>
<div class="ContentPasted0"><u>CK High     5.04                         18.82 691.52  3.15        16.93 622.07</u></div>
<div class="ContentPasted0"><u>CK Average  4.99                    0.48 18.77 689.68  3.08 -0.97  16.86 619.55</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.95                         18.73 688.21  3.15        16.93 622.07</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.95                         18.73 688.21  3.00        16.78 616.56</u></div>
<div class="ContentPasted0"><u>Mdsx High   5.02                         18.80 690.78  3.10        16.88 620.23</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.98                    0.48 18.76 689.31  3.06 -0.98  16.84 618.86</u></div>
<div class="ContentPasted0"><u>Hensall     4.97                         18.75 688.82  3.07        16.85 619.01</u></div>
<div class="ContentPasted0"><u>Bruce       5.00                         18.78 690.05  3.10        16.88 620.23</u></div>
<div class="ContentPasted0"><u>Putnam      5.00                         18.78 690.05  3.10        16.88 620.23</u></div>
<div class="ContentPasted0"><u>Guelph      5.06                         18.84 692.25  3.14        16.92 621.70</u></div>
<div class="ContentPasted0"><u>Burford     5.12                         18.90 694.46  3.15        16.93 622.07</u></div>
<div class="ContentPasted0"><u>Port Perry  4.96                         18.74 688.58  2.99        16.77 616.19</u></div>
<div class="ContentPasted0"><u>Norfolk     4.95                         18.73 688.21  3.15        16.93 622.07</u></div>
<div class="ContentPasted0"><u>Palmerston  4.95                         18.73 688.21  3.10        16.88 620.23</u></div>
<div class="ContentPasted0"><u>Varna       4.95                         18.73 688.21  3.10        16.88 620.23</u></div>
<div class="ContentPasted0"><u>Trenton      N/A                                       3.00        16.78 616.56</u></div>
<div class="ContentPasted0"><u>Winchester   N/A                                       3.07        16.85 619.13</u></div>
<div class="ContentPasted0"><u>North Gower 5.45                         19.23 706.58  3.00        16.78 616.56</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.61                         18.39 675.72  3.21        16.99 624.28</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.73  5.06  N/A   3.10       18.51 680.13  3.10        16.88 620.23</u></div>
<div class="ContentPasted0"><u>Kent FOB    5.00                         18.78 690.05  3.00        16.78 616.56</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.73                         18.51 680.13  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    5.24  N/A   N/A   N/A        19.02 698.87  3.31        17.09 627.95</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.27                         19.05 699.97  3.77        17.55 644.85</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.30                         19.08 701.07  3.70        17.48 642.28</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       3.54        17.32 636.40</u></div>
<div class="ContentPasted0"><u>Port Colborn N/A                                       3.82        17.60 646.69</u></div>
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<div class="ContentPasted0"><u>Toledo El.  0.53                         14.31 525.67 -0.59        13.19 484.57</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.316 down 0.0019</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>SEP23      HI     6.89  1/4            JUL24   HI      7.31  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    6.51                         LOW        6.97</u></div>
<div class="ContentPasted0"><u>           CLOSE  6.53  3/4  Down 7 3/4        CLOSE   6.99  3/4  Down 8</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed mixed.</u></div>
<div class="ContentPasted0"><u>SEP23      HI        9.00              SEP24   HI      8.10  1/2</u></div>
<div class="ContentPasted0"><u>           LOW    8.69  1/4                    LOW     8.05  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  8.78  1/4  Down 6            CLOSE   8.05  1/2  Up 5 1/2</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   0.65    N/A    N/A     N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>London      2.30   1.44   0.71    N/A    2.01    1.31   0.92    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     2.25   1.35   0.60   1.20    1.75    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Trenton      N/A    N/A   0.65    N/A    N/A     N/A     N/A    N/A</u></div>
<div class="ContentPasted0"><u>Bruce       1.65   1.15   0.65   1.15    1.42    1.15   0.85    N/A</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   0.60    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     2.25    N/A   0.60    N/A    1.85    N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Belmore     1.75   1.25   0.60   1.20    1.90    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 2.25    N/A   0.60    N/A    1.85    N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   0.60    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   0.60    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston  1.75   1.25   0.60   1.20    1.90    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Varna       2.25   1.35   0.60    N/A    1.75    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    2.25   1.35   0.60    N/A    1.85    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    2.30   1.44   0.71   1.41    2.01    1.31   0.92    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   0.90   1.10   1.12    N/A     0.68   0.80   0.87</u></div>
<div class="ContentPasted0"><u>W O Feed                  1.90</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.44    N/A    N/A     N/A    1.18    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   1.74    N/A    N/A     N/A     N/A    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 6.29US        8.27CA         6.76US         8.89CA</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            696.01</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            300.00</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, 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"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes"> 
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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