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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 18</u>
<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3148 down 0.0012</u></div>
<div class="ContentPasted0"><u>Chicago corn closed higher.</u></div>
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<div class="ContentPasted0"><u>      SEP23   HI 5.34  3/4                    DEC23    HI 5.40  3/4</u></div>
<div class="ContentPasted0"><u>             LOW 4.95  1/4                            LOW 5.02</u></div>
<div class="ContentPasted0"><u>            CLOSE5.28  3/4  Up 29 1/2               CLOSE 5.34  1/2  Up 28 1/2</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                        6.49 255.40  1.05         6.40 251.76</u></div>
<div class="ContentPasted0"><u>CK High      1.40                        6.69 263.28  1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>CK Avg       1.31                  -0.27 6.60 259.90  1.07 -0.46   6.42 252.60</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.40                        6.69 263.28  1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.30                        6.59 259.34  1.05         6.40 251.76</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        6.69 263.28  1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.33                  -0.25 6.62 260.65  1.08 -0.46   6.43 253.07</u></div>
<div class="ContentPasted0"><u>Hensall      1.32                        6.60 259.99  1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>Bruce        1.35                        6.64 261.31  1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>Putnam       1.30                        6.59 259.34  1.05         6.40 251.76</u></div>
<div class="ContentPasted0"><u>Guelph       1.35                        6.64 261.31  1.05         6.40 251.76</u></div>
<div class="ContentPasted0"><u>Burford      1.30                        6.59 259.34  1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        6.34 249.50  0.90         6.25 245.85</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        6.69 263.28  1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>Palmerston   1.30                        6.59 259.34  1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>Varna        1.30                        6.59 259.34  1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        6.59 259.34  1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>Trenton      1.20                        6.49 255.40  0.85         6.20 243.89</u></div>
<div class="ContentPasted0"><u>Winchester  N/A                                       1.00         6.35 249.79</u></div>
<div class="ContentPasted0"><u>North Gower  1.00                        6.29 247.53  0.95         6.30 247.82</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.45                        6.74 265.24  0.88         6.23 245.07</u></div>
<div class="ContentPasted0"><u>Huron FOB   N/A    1.48  1.49N/A                      1.10         6.45 253.73</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.45                        6.74 265.24  1.05         6.40 251.76</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.32                        6.61 260.13N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.35N/A   N/A   N/A         6.64 261.31  1.05         6.40 251.76</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.20                        7.49 294.77N/A</u></div>
<div class="ContentPasted0"><u>Track        1.95                        7.24 284.93N/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         7.00 275.38</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                        7.24 284.93</u></div>
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<div class="ContentPasted0"><u>US Rep       2.42                        7.71 303.43</u></div>
<div class="ContentPasted0"><u>Toledo El.   0.53                        5.81 228.86 -0.46         4.88 192.31</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.45         6.80 267.51</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.30         6.65 261.60</u></div>
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<div class="ContentPasted0"><u>HI SD CRN                                             1.10         6.44 1/2</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3148 down 0.0012</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly higher.</u></div>
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<div class="ContentPasted0"><u>      NOV23   HI 14.05                   NOV23     HI 14.05</u></div>
<div class="ContentPasted0"><u>             LOW 13.68  1/4                       LOW 13.68  1/4</u></div>
<div class="ContentPasted0"><u>            CLOSE13.95  1/4  Up 17 1/4          CLOSE 13.95  1/4  Up 17 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                         18.90 694.55  3.05        17.00 624.73</u></div>
<div class="ContentPasted0"><u>CK High     5.00                         18.95 696.39  3.20        17.15 630.25</u></div>
<div class="ContentPasted0"><u>CK Average  4.99                    0.45 18.94 695.96  3.13 -0.96  17.09 627.78</u></div>
<div class="ContentPasted0"><u>Essex Cty   5.00                         18.95 696.39  3.20        17.15 630.25</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.95                         18.90 694.55  3.05        17.00 624.73</u></div>
<div class="ContentPasted0"><u>Mdsx High   5.00                         18.95 696.39  3.15        17.10 628.41</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.98                    0.44 18.93 695.56  3.12 -0.97  17.07 627.12</u></div>
<div class="ContentPasted0"><u>Hensall     4.97                         18.92 695.16  3.12        17.07 627.18</u></div>
<div class="ContentPasted0"><u>Bruce       4.90                         18.85 692.71  3.10        17.05 626.57</u></div>
<div class="ContentPasted0"><u>Putnam      5.00                         18.95 696.39  3.15        17.10 628.41</u></div>
<div class="ContentPasted0"><u>Guelph      4.94                         18.89 694.18  3.10        17.05 626.57</u></div>
<div class="ContentPasted0"><u>Burford     5.06                         19.01 698.59  3.21        17.16 630.61</u></div>
<div class="ContentPasted0"><u>Port Perry  4.90                         18.85 692.71  3.05        17.00 624.73</u></div>
<div class="ContentPasted0"><u>Norfolk     5.00                         18.95 696.39  3.20        17.15 630.25</u></div>
<div class="ContentPasted0"><u>Palmerston  4.95                         18.90 694.55  3.10        17.05 626.57</u></div>
<div class="ContentPasted0"><u>Varna       4.95                         18.90 694.55  3.10        17.05 626.57</u></div>
<div class="ContentPasted0"><u>Trenton      N/A                                       3.10        17.05 626.57</u></div>
<div class="ContentPasted0"><u>Winchester   N/A                                       3.10        17.05 626.57</u></div>
<div class="ContentPasted0"><u>North Gower 5.38                         19.33 710.35  3.00        16.95 622.90</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.69                         18.64 684.99  3.29        17.24 633.55</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.78  5.11  N/A   3.10       18.73 688.30  3.10        17.05 626.57</u></div>
<div class="ContentPasted0"><u>Kent FOB    5.00                         18.95 696.39  3.00        16.95 622.90</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.73                         18.68 686.46  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    5.05  N/A   N/A   N/A        19.00 698.22  3.31        17.26 634.29</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.08                         19.03 699.32  3.58        17.53 644.21</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.35                         19.30 709.25  3.75        17.70 650.46</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       3.62        17.57 645.68</u></div>
<div class="ContentPasted0"><u>Port Colborn N/A                                       3.89        17.84 655.60</u></div>
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<div class="ContentPasted0"><u>Toledo El.  0.53                         14.48 531.99 -0.66        13.30 488.51</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3148 down 0.0012</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed moderately higher.</u></div>
<div class="ContentPasted0"><u>SEP23      HI     6.75                 JUL24   HI      7.19  3/4</u></div>
<div class="ContentPasted0"><u>           LOW    6.42  1/4                    LOW     6.89  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  6.70  3/4  Up 17             CLOSE   7.17  1/4  Up 17 1/2</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed mixed.</u></div>
<div class="ContentPasted0"><u>SEP23      HI     8.82  1/2            SEP24   HI         8.15</u></div>
<div class="ContentPasted0"><u>           LOW       8.66                      LOW        8.08</u></div>
<div class="ContentPasted0"><u>           CLOSE  8.77  1/2  Down  3/4         CLOSE   8.15   Up 9 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   0.60    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>London      2.28   1.42   0.66    N/A    1.97    1.39   0.89    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     2.15   1.45   0.60   1.20    1.65    1.40   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    1.40    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   0.65   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   0.65   1.20    1.90    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Varna       2.15   1.45   0.60    N/A    1.65    1.40   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    2.28   1.42   0.66   1.38    1.97    1.29   0.89    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                  1.90</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.36    N/A    N/A     N/A    1.16    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   1.78    N/A    N/A     N/A     N/A    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 6.46US        8.49CA         6.93US         9.12CA</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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</u></div>
<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0"><u>FOB Hm Soymeal            705.16</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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