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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 24</u>
<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3133 down 0.0050</u></div>
<div class="ContentPasted0"><u>Chicago corn closed sharply higher.</u></div>
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<div class="ContentPasted0"><u>      SEP23   HI 5.64  1/2                    DEC23    HI 5.72  1/4</u></div>
<div class="ContentPasted0"><u>             LOW 5.31  1/2                            LOW 5.40  1/4</u></div>
<div class="ContentPasted0"><u>            CLOSE5.60  1/2  Up 33 1/2               CLOSE 5.68  1/4  Up 32</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                        6.91 271.84  1.05         6.73 265.05</u></div>
<div class="ContentPasted0"><u>CK High      1.45                        7.06 277.74  1.15         6.83 268.98</u></div>
<div class="ContentPasted0"><u>CK Avg       1.34                  -0.31 6.95 273.53  1.10 -0.52   6.78 267.02</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.45                        7.06 277.74  1.15         6.83 268.98</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.30                        6.91 271.84  1.05         6.73 265.05</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.45                        7.06 277.74  1.15         6.83 268.98</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.35                  -0.31 6.96 273.81  1.10 -0.52   6.78 267.02</u></div>
<div class="ContentPasted0"><u>Hensall      1.33                        6.94 273.15  1.10         6.78 267.02</u></div>
<div class="ContentPasted0"><u>Bruce        1.40                        7.01 275.77  1.10         6.78 267.02</u></div>
<div class="ContentPasted0"><u>Putnam       1.30                        6.91 271.84  1.05         6.73 265.05</u></div>
<div class="ContentPasted0"><u>Guelph       1.40                        7.01 275.77  1.10         6.78 267.02</u></div>
<div class="ContentPasted0"><u>Burford      1.30                        6.91 271.84  1.10         6.78 267.02</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        6.66 262.00  0.90         6.58 259.14</u></div>
<div class="ContentPasted0"><u>Norfolk      1.45                        7.06 277.74  1.15         6.83 268.98</u></div>
<div class="ContentPasted0"><u>Palmerston   1.30                        6.91 271.84  1.10         6.78 267.02</u></div>
<div class="ContentPasted0"><u>Varna        1.35                        6.96 273.81  1.10         6.78 267.02</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        6.91 271.84  1.10         6.78 267.02</u></div>
<div class="ContentPasted0"><u>Trenton      1.20                        6.81 267.90  0.90         6.58 259.14</u></div>
<div class="ContentPasted0"><u>Winchester  N/A                                       1.10         6.78 267.02</u></div>
<div class="ContentPasted0"><u>North Gower  1.05                        6.66 262.00  0.95         6.63 261.11</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.53                        7.14 280.89  0.97         6.65 261.90</u></div>
<div class="ContentPasted0"><u>Huron FOB   N/A    1.58  1.58N/A                      1.10         6.78 267.02</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.55                        7.16 281.68  1.10         6.78 267.02</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.51                        7.12 280.11N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.35N/A   N/A   N/A         6.96 273.81  1.05         6.73 265.05</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.00                        7.61 299.40N/A</u></div>
<div class="ContentPasted0"><u>Track        2.02                        7.63 300.18N/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         7.38 290.64</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     2.02                        7.63 300.18</u></div>
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<div class="ContentPasted0"><u>US Rep       2.48                        8.09 318.29</u></div>
<div class="ContentPasted0"><u>Toledo El.   0.53                        6.13 241.34 -0.53         5.16 203.03</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.45         7.13 280.79</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.39         7.07 278.43</u></div>
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<div class="ContentPasted0"><u>HI SD CRN                                             1.15         6.83 1/4</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3133 down 0.0050</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed moderately higher.</u></div>
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<div class="ContentPasted0"><u>      NOV23   HI 14.35                   NOV23     HI 14.35</u></div>
<div class="ContentPasted0"><u>             LOW 14.01  1/2                       LOW 14.01  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE14.24  1/2  Up 22 3/4          CLOSE 14.24  1/2  Up 22 3/4</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      5.00                         19.25 707.13  3.15        17.40 639.16</u></div>
<div class="ContentPasted0"><u>CK High     5.00                         19.25 707.13  3.22        17.47 641.73</u></div>
<div class="ContentPasted0"><u>CK Average  5.00                    0.41 19.25 707.13  3.17 -0.99  17.41 639.79</u></div>
<div class="ContentPasted0"><u>Essex Cty   5.00                         19.25 707.13  3.20        17.45 640.99</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.90                         19.15 703.46  3.15        17.40 639.16</u></div>
<div class="ContentPasted0"><u>Mdsx High   5.00                         19.25 707.13  3.20        17.45 640.99</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.97                    0.39 19.22 706.03  3.16 -0.99  17.41 639.62</u></div>
<div class="ContentPasted0"><u>Hensall     4.93                         19.18 704.68  3.18        17.43 640.38</u></div>
<div class="ContentPasted0"><u>Bruce       4.90                         19.15 703.46  3.10        17.35 637.32</u></div>
<div class="ContentPasted0"><u>Putnam      5.00                         19.25 707.13  3.15        17.40 639.16</u></div>
<div class="ContentPasted0"><u>Guelph      4.92                         19.17 704.19  3.21        17.46 641.36</u></div>
<div class="ContentPasted0"><u>Burford     5.08                         19.33 710.07  3.30        17.55 644.67</u></div>
<div class="ContentPasted0"><u>Port Perry  4.92                         19.17 704.19  3.14        17.39 638.79</u></div>
<div class="ContentPasted0"><u>Norfolk     5.00                         19.25 707.13  3.20        17.45 640.99</u></div>
<div class="ContentPasted0"><u>Palmerston  4.90                         19.15 703.46  3.20        17.45 640.99</u></div>
<div class="ContentPasted0"><u>Varna       4.90                         19.15 703.46  3.20        17.45 640.99</u></div>
<div class="ContentPasted0"><u>Trenton      N/A                                       N/A</u></div>
<div class="ContentPasted0"><u>Winchester   N/A                                       3.15        17.40 639.16</u></div>
<div class="ContentPasted0"><u>North Gower 5.29                         19.54 717.79  3.10        17.35 637.32</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.74                         18.99 697.58  3.31        17.56 645.04</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.70  5.04  N/A   3.20       18.95 696.11  3.20        17.45 640.99</u></div>
<div class="ContentPasted0"><u>Kent FOB    5.00                         19.25 707.13  3.15        17.40 639.16</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.80                         19.05 699.78  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    5.07  N/A   N/A   N/A        19.32 709.70  3.33        17.58 645.77</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.39                         19.64 721.46  3.88        18.13 665.98</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.35                         19.60 719.99  3.75        18.00 661.20</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       3.67        17.92 658.26</u></div>
<div class="ContentPasted0"><u>Port Colborn N/A                                       3.91        18.16 667.08</u></div>
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<div class="ContentPasted0"><u>Toledo El.  0.20                         14.44 530.65 -0.79        13.46 494.46</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3133 down 0.0050</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed sharply higher to limit up.</u></div>
<div class="ContentPasted0"><u>SEP23      HI     7.57  1/2            JUL24   HI      7.93  3/4</u></div>
<div class="ContentPasted0"><u>           LOW    6.98  3/4                    LOW     7.44  3/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.57  1/2  Up 60             CLOSE   7.86  3/4  Up 47 3/4</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed higher to sharply higher.</u></div>
<div class="ContentPasted0"><u>SEP23      HI        9.46              SEP24   HI      8.65  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    8.86  1/2                    LOW        8.40</u></div>
<div class="ContentPasted0"><u>           CLOSE  9.36   Up 49                 CLOSE   8.65  1/4  Up 31 3/4</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      1.91   1.45   0.62    N/A    1.82    1.49   0.89    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     2.05   1.45   0.70   1.20    1.65    1.40   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Trenton      N/A    N/A    N/A    N/A    N/A     N/A     N/A    N/A</u></div>
<div class="ContentPasted0"><u>Bruce       1.70   1.20   0.70   1.15    1.35    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     2.05    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   0.75   1.20    1.90    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 2.05    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    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   0.60    N/A    N/A     N/A    0.85    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston  1.75   1.25   0.75   1.20    1.90    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Varna       2.05   1.45   0.70    N/A    1.65    1.40   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    2.05   1.35   0.60    N/A    1.85    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    1.91   1.45   0.62   1.49    1.82    1.49   0.89    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   0.85   1.10   1.17    N/A     0.59   0.85   0.82</u></div>
<div class="ContentPasted0"><u>W O Feed                  1.51</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.45    N/A    N/A     N/A    1.25    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   2.04    N/A    N/A     N/A     N/A    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 7.20US        9.45CA         7.63US         10.02CA</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            710.23</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""><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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