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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 19</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3148 up 0.0000</u></div>
<div class="ContentPasted0"><u>Chicago corn closed higher.</u></div>
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<div class="ContentPasted0"><u>      SEP23   HI 5.57  1/2                    DEC23    HI 5.63  3/4</u></div>
<div class="ContentPasted0"><u>             LOW 5.25  3/4                            LOW 5.31  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE5.45  1/2  Up 16 3/4               CLOSE 5.53   Up 18 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                        6.66 262.00  1.05         6.58 259.04</u></div>
<div class="ContentPasted0"><u>CK High      1.40                        6.86 269.87  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>CK Avg       1.31                  -0.31 6.77 266.50  1.07 -0.51   6.60 259.89</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.40                        6.86 269.87  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.30                        6.76 265.93  1.05         6.58 259.04</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        6.86 269.87  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.33                  -0.29 6.79 267.24  1.08 -0.50   6.61 260.36</u></div>
<div class="ContentPasted0"><u>Hensall      1.32                        6.77 266.59  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Bruce        1.35                        6.81 267.90  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Putnam       1.30                        6.76 265.93  1.05         6.58 259.04</u></div>
<div class="ContentPasted0"><u>Guelph       1.35                        6.81 267.90  1.05         6.58 259.04</u></div>
<div class="ContentPasted0"><u>Burford      1.30                        6.76 265.93  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        6.51 256.09  0.90         6.43 253.14</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        6.86 269.87  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Palmerston   1.30                        6.76 265.93  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Varna        1.30                        6.76 265.93  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        6.76 265.93  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Trenton      1.20                        6.66 262.00  0.85         6.38 251.17</u></div>
<div class="ContentPasted0"><u>Winchester  N/A                                       1.00         6.53 257.07</u></div>
<div class="ContentPasted0"><u>North Gower  1.00                        6.46 254.12  0.95         6.48 255.11</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.54                        7.00 275.38  0.97         6.50 255.89</u></div>
<div class="ContentPasted0"><u>Huron FOB   N/A    1.55  1.56N/A                      1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.55                        7.01 275.77  1.10         6.63 261.01</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.51                        6.97 274.20N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.35N/A   N/A   N/A         6.81 267.90  1.05         6.58 259.04</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.22                        7.68 302.15N/A</u></div>
<div class="ContentPasted0"><u>Track        2.05                        7.50 295.26N/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     1.90                   1.70         7.23 284.63</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     2.05                        7.50 295.26</u></div>
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<div class="ContentPasted0"><u>US Rep       2.50                        7.96 313.17</u></div>
<div class="ContentPasted0"><u>Toledo El.   0.53                        5.98 235.46 -0.53         5.00 197.00</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.45         6.98 274.79</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.39         6.92 272.43</u></div>
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<div class="ContentPasted0"><u>HI SD CRN                                             1.10         6.63</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3148 up 0.0000</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly higher.</u></div>
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<div class="ContentPasted0"><u>      NOV23   HI 14.28  3/4              NOV23     HI 14.28  3/4</u></div>
<div class="ContentPasted0"><u>             LOW 13.90                            LOW 13.90</u></div>
<div class="ContentPasted0"><u>            CLOSE14.08  3/4  Up 13 1/2          CLOSE 14.08  3/4  Up 13 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      4.98                         19.07 700.61  3.14        17.23 633.00</u></div>
<div class="ContentPasted0"><u>CK High     5.00                         19.09 701.35  3.20        17.29 635.21</u></div>
<div class="ContentPasted0"><u>CK Average  5.00                    0.43 19.08 701.22  3.16 -0.97  17.24 633.58</u></div>
<div class="ContentPasted0"><u>Essex Cty   5.00                         19.09 701.35  3.20        17.29 635.21</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.95                         19.04 699.51  3.10        17.19 631.53</u></div>
<div class="ContentPasted0"><u>Mdsx High   5.00                         19.09 701.35  3.15        17.24 633.37</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.98                    0.41 19.07 700.52  3.13 -0.99  17.22 632.63</u></div>
<div class="ContentPasted0"><u>Hensall     5.03                         19.12 702.57  3.22        17.30 635.82</u></div>
<div class="ContentPasted0"><u>Bruce       5.00                         19.09 701.35  3.15        17.24 633.37</u></div>
<div class="ContentPasted0"><u>Putnam      5.00                         19.09 701.35  3.15        17.24 633.37</u></div>
<div class="ContentPasted0"><u>Guelph      4.97                         19.06 700.24  3.13        17.22 632.63</u></div>
<div class="ContentPasted0"><u>Burford     5.06                         19.15 703.55  3.22        17.31 635.94</u></div>
<div class="ContentPasted0"><u>Port Perry  4.90                         18.99 697.67  3.06        17.15 630.06</u></div>
<div class="ContentPasted0"><u>Norfolk     5.00                         19.09 701.35  3.20        17.29 635.21</u></div>
<div class="ContentPasted0"><u>Palmerston  5.05                         19.14 703.18  3.25        17.34 637.04</u></div>
<div class="ContentPasted0"><u>Varna       5.05                         19.14 703.18  3.25        17.34 637.04</u></div>
<div class="ContentPasted0"><u>Trenton      N/A                                       3.10        17.19 631.53</u></div>
<div class="ContentPasted0"><u>Winchester   N/A                                       3.10        17.19 631.53</u></div>
<div class="ContentPasted0"><u>North Gower 5.23                         19.32 709.80  3.00        17.09 627.86</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.77                         18.86 692.89  3.37        17.46 641.45</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.77  5.06  N/A   3.25       18.86 692.89  3.25        17.34 637.04</u></div>
<div class="ContentPasted0"><u>Kent FOB    5.00                         19.09 701.35  3.15        17.24 633.37</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.80                         18.89 694.00  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    5.05  N/A   N/A   N/A        19.14 703.18  3.32        17.41 639.62</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.33                         19.42 713.47  3.82        17.91 657.99</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.35                         19.44 714.21  3.75        17.84 655.42</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       3.70        17.79 653.58</u></div>
<div class="ContentPasted0"><u>Port Colborn N/A                                       3.90        17.99 660.93</u></div>
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<div class="ContentPasted0"><u>Toledo El.  0.53                         14.61 536.95 -0.72        13.36 491.06</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3148 up 0.0000</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed sharply higher.</u></div>
<div class="ContentPasted0"><u>SEP23      HI     7.30  3/4            JUL24   HI      7.71  3/4</u></div>
<div class="ContentPasted0"><u>           LOW    6.64                         LOW     7.12  1/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.27  3/4  Up 57             CLOSE   7.62  1/2  Up 45 1/4</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed moderately higher to higher.</u></div>
<div class="ContentPasted0"><u>SEP23      HI     9.18  1/4            SEP24   HI      8.38  1/2</u></div>
<div class="ContentPasted0"><u>           LOW    8.71  1/2                    LOW        8.19</u></div>
<div class="ContentPasted0"><u>           CLOSE  8.97  1/4  Up 19 3/4         CLOSE   8.38  1/2  Up 23 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      2.34   1.48   0.63    N/A    2.07    1.36   0.97    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     2.05   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    1.39    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    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     2.10    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 2.10    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   0.65    N/A    N/A     N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   0.65    N/A    N/A     N/A    0.85    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       2.05   1.45   0.60    N/A    1.65    1.45   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    2.10   1.35   0.60    N/A    1.85    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    2.34   1.48   0.63   1.36    2.07    1.36   0.97    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   0.90   1.10   1.12    N/A     0.64   0.84   0.87</u></div>
<div class="ContentPasted0"><u>W O Feed                  1.57</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.42    N/A    N/A     N/A    1.22    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   1.96    N/A    N/A     N/A     N/A    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 7.03US        9.24CA         7.39US         9.71CA</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            706.37</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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