<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="elementToProof ContentPasted0">
<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 28</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="elementToProof ContentPasted0">
<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3221 up 0.0025</u></div>
<div class="ContentPasted0"><u>Chicago corn closed moderately lower.</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>      SEP23   HI 5.38  1/2                    DEC23    HI 5.47  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 5.16  3/4                            LOW 5.25  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE5.21   Down 12 1/4                 CLOSE 5.30  1/4  Down 12</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<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                        6.51 256.29  1.10         6.40 252.06</u></div>
<div class="ContentPasted0"><u>CK High      1.45                        6.66 262.19  1.15         6.45 254.02</u></div>
<div class="ContentPasted0"><u>CK Avg       1.40                  -0.21 6.61 260.22  1.13 -0.43   6.44 253.41</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.45                        6.66 262.19  1.12         6.42 252.84</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.40                        6.61 260.22  1.12         6.42 252.84</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.45                        6.66 262.19  1.15         6.45 254.02</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.42                  -0.20 6.63 260.88  1.14 -0.43   6.44 253.63</u></div>
<div class="ContentPasted0"><u>Hensall      1.42                        6.63 260.88  1.17         6.47 254.68</u></div>
<div class="ContentPasted0"><u>Bruce        1.40                        6.61 260.22  1.10         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Putnam       1.40                        6.61 260.22  1.15         6.45 254.02</u></div>
<div class="ContentPasted0"><u>Guelph       1.40                        6.61 260.22  1.10         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Burford      1.40                        6.61 260.22  1.15         6.45 254.02</u></div>
<div class="ContentPasted0"><u>Port Perry   1.10                        6.31 248.41  0.85         6.15 242.21</u></div>
<div class="ContentPasted0"><u>Norfolk      1.45                        6.66 262.19  1.12         6.42 252.84</u></div>
<div class="ContentPasted0"><u>Palmerston   1.30                        6.51 256.29  1.10         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Varna        1.40                        6.61 260.22  1.15         6.45 254.02</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        6.51 256.29  1.10         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Trenton      1.20                        6.41 252.35  0.90         6.20 244.18</u></div>
<div class="ContentPasted0"><u>Winchester  N/A                                       1.15         6.45 254.02</u></div>
<div class="ContentPasted0"><u>North Gower  1.20                        6.41 252.35  1.10         6.40 252.06</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.31                        6.52 256.68  0.81         6.11 240.64</u></div>
<div class="ContentPasted0"><u>Huron FOB   N/A    1.45  1.55N/A                      1.15         6.45 254.02</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.65                        6.86 270.07  1.20         6.50 255.99</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.59                        6.80 267.70N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.50N/A   N/A   N/A         6.71 264.16  1.20         6.50 255.99</u></div>
<div class="ContentPasted0"><u>FOB SW Que   1.89                        7.10 279.51N/A</u></div>
<div class="ContentPasted0"><u>Track        2.01                        7.22 284.24N/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     1.65                   1.65         6.95 273.71</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     2.01                        7.22 284.24</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>US Rep       2.48                        7.69 302.74</u></div>
<div class="ContentPasted0"><u>Toledo El.   0.53                        5.74 225.93 -0.59         4.71 185.33</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.45         6.75 265.83</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.36         6.66 262.29</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>HI SD CRN                                             1.15         6.45 1/4</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3221 up 0.0025</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>      NOV23   HI 14.01  1/2              NOV23     HI 14.01  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 13.79                            LOW 13.79</u></div>
<div class="ContentPasted0"><u>            CLOSE13.82  1/2  Down 15 1/2        CLOSE 13.82  1/2  Down 15 1/2</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<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      4.93                         18.76 689.13  3.15        16.98 623.72</u></div>
<div class="ContentPasted0"><u>CK High     5.00                         18.83 691.70  3.25        17.08 627.40</u></div>
<div class="ContentPasted0"><u>CK Average  4.97                    0.39 18.80 690.66  3.20 -0.95  17.03 625.56</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.95                         18.78 689.86  3.25        17.08 627.40</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.91                         18.74 688.39  3.13        16.96 622.99</u></div>
<div class="ContentPasted0"><u>Mdsx High   5.00                         18.83 691.70  3.20        17.03 625.56</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.97                    0.39 18.79 690.41  3.18 -0.96  17.01 624.92</u></div>
<div class="ContentPasted0"><u>Hensall     4.97                         18.79 690.48  3.17        16.99 624.34</u></div>
<div class="ContentPasted0"><u>Bruce       4.90                         18.73 688.03  3.15        16.98 623.72</u></div>
<div class="ContentPasted0"><u>Putnam      5.00                         18.83 691.70  3.20        17.03 625.56</u></div>
<div class="ContentPasted0"><u>Guelph      4.85                         18.68 686.19  3.26        17.09 627.77</u></div>
<div class="ContentPasted0"><u>Burford     5.01                         18.84 692.07  3.23        17.06 626.66</u></div>
<div class="ContentPasted0"><u>Port Perry  4.85                         18.68 686.19  3.07        16.90 620.78</u></div>
<div class="ContentPasted0"><u>Norfolk     4.95                         18.78 689.86  3.25        17.08 627.40</u></div>
<div class="ContentPasted0"><u>Palmerston  4.95                         18.78 689.86  3.15        16.98 623.72</u></div>
<div class="ContentPasted0"><u>Varna       4.95                         18.78 689.86  3.15        16.98 623.72</u></div>
<div class="ContentPasted0"><u>Trenton      N/A                                       3.15        16.98 623.72</u></div>
<div class="ContentPasted0"><u>Winchester   N/A                                       3.15        16.98 623.72</u></div>
<div class="ContentPasted0"><u>North Gower 5.15                         18.98 697.21  3.20        17.03 625.56</u></div>
<div class="ContentPasted0"><u>Vankleek Hil3.93                         17.76 652.38  3.30        17.13 629.24</u></div>
<div class="ContentPasted0"><u>Huron FOB    N/A  4.99  N/A   3.15                     3.15        16.98 623.72</u></div>
<div class="ContentPasted0"><u>Kent FOB    5.00                         18.83 691.70  3.20        17.03 625.56</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.87                         18.70 686.92  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    5.00  N/A   N/A   N/A        18.83 691.70  3.26        17.09 627.77</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.37                         19.20 705.30  3.86        17.69 649.81</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.40                         19.23 706.40  3.85        17.68 649.45</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       3.65        17.48 642.10</u></div>
<div class="ContentPasted0"><u>Port Colborn N/A                                       3.84        17.67 649.08</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>Toledo El.  0.20                         14.02 515.27 -0.79        13.03 478.83</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3221 up 0.0025</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>SEP23      HI     7.20  1/4            JUL24   HI      7.66  1/2</u></div>
<div class="ContentPasted0"><u>           LOW    6.89                         LOW     7.39  3/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.04  1/4  Down 8 1/2        CLOSE   7.54  1/2  Down 4 1/4</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>Minni wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>SEP23      HI        9.04              SEP24   HI         8.50</u></div>
<div class="ContentPasted0"><u>           LOW    8.81  3/4                    LOW     8.48  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  8.96   Down 8 1/4            CLOSE   8.48  1/2  Down 4</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<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   0.70    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>London      1.74   1.28   0.49    N/A    1.77    1.38   0.79    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     1.95   1.50   0.70   1.40    1.70    1.50   0.85    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   1.05   0.65   1.15    1.34    1.20   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   0.60    N/A    N/A     N/A    0.90    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     1.95    N/A   0.70    N/A    1.80    N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Belmore     1.75   1.25   0.70   1.20    1.90    1.30   0.85    N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 1.95    N/A   0.60    N/A    1.80    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    0.90    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   0.50    N/A    N/A     N/A    0.90    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston  1.75   1.25   0.70   1.20    1.90    1.30   0.85    N/A</u></div>
<div class="ContentPasted0"><u>Varna       1.95   1.50   0.70    N/A    1.70    1.50   0.85    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    1.95   1.35   0.70    N/A    1.80    1.30   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    1.74   1.28   0.49   1.26    1.77    1.38   0.79    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   0.85   1.10   1.22    N/A     0.59   0.89   0.87</u></div>
<div class="ContentPasted0"><u>W O Feed                  1.43</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.28    N/A    N/A     N/A    1.09    N/A</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Toledo FM    N/A    N/A   1.87    N/A    N/A     N/A     N/A    N/A</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>Toledo El. 6.66US        8.81CA         7.31US         9.66CA</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<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>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0"><u>FOB Hm Soymeal            713.43</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            300.00</u></div>
<br>
<div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><o:p style="font-family: "Courier New"; font-size: 10pt; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"> </o:p><br>
</div>
<div id="Signature">
<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, 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
<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"">Fax. 519-674-1530<br>
<br>
<span style="background: rgb(253, 253, 253);">Click on this link:<span><span style="color: rgb(51, 51, 51);"> </span></span></span><span><span style="color: rgb(51, 102, 153);">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span><span style="background: rgb(253, 253, 253); color: rgb(51, 51, 51);"> </span></span><span style="background: rgb(253, 253, 253);"> to
 unsubscribe from this report.</span><br>
<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario</span></span><o:p> </o:p></p>
</div>
</div>
</div>
</body>
</html>