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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 31</u>
<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3146 down 0.0075</u></div>
<div class="ContentPasted0"><u>Chicago corn closed lower.</u></div>
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<div class="ContentPasted0"><u>      SEP23   HI 5.16  1/4                    DEC23    HI 5.24  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 4.98  1/2                            LOW 5.08</u></div>
<div class="ContentPasted0"><u>            CLOSE5.04   Down 17                     CLOSE 5.13   Down 17 1/4</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        +DEC23+DEC23+DEC23</u></div>
<div class="ContentPasted0"><u>CK Low       1.40                        6.44 253.53  1.10         6.23 245.26</u></div>
<div class="ContentPasted0"><u>CK High      1.40                        6.44 253.53  1.15         6.28 247.23</u></div>
<div class="ContentPasted0"><u>CK Avg       1.40                  -0.14 6.44 253.53  1.14 -0.36   6.27 246.67</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.40                        6.44 253.53  1.10         6.23 245.26</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.40                        6.44 253.53  1.10         6.23 245.26</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        6.44 253.53  1.15         6.28 247.23</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.40                  -0.14 6.44 253.53  1.13 -0.37   6.26 246.58</u></div>
<div class="ContentPasted0"><u>Hensall      1.42                        6.46 254.19  1.17         6.30 247.89</u></div>
<div class="ContentPasted0"><u>Bruce        1.40                        6.44 253.53  1.10         6.23 245.26</u></div>
<div class="ContentPasted0"><u>Putnam       1.40                        6.44 253.53  1.15         6.28 247.23</u></div>
<div class="ContentPasted0"><u>Guelph       1.40                        6.44 253.53  1.10         6.23 245.26</u></div>
<div class="ContentPasted0"><u>Burford      1.40                        6.44 253.53  1.15         6.28 247.23</u></div>
<div class="ContentPasted0"><u>Port Perry   1.10                        6.14 241.72  0.85         5.98 235.42</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        6.44 253.53  1.10         6.23 245.26</u></div>
<div class="ContentPasted0"><u>Palmerston   1.30                        6.34 249.59  1.10         6.23 245.26</u></div>
<div class="ContentPasted0"><u>Varna        1.40                        6.44 253.53  1.15         6.28 247.23</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        6.34 249.59  1.10         6.23 245.26</u></div>
<div class="ContentPasted0"><u>Trenton      1.20                        6.24 245.66  0.90         6.03 237.39</u></div>
<div class="ContentPasted0"><u>Winchester  N/A                                       1.05         6.18 243.30</u></div>
<div class="ContentPasted0"><u>North Gower  1.20                        6.24 245.66  1.10         6.23 245.26</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.20                        6.24 245.66  0.71         5.84 229.91</u></div>
<div class="ContentPasted0"><u>Huron FOB   N/A    1.48  1.15  1.15                   1.15         6.28 247.23</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.60                        6.64 261.41  1.18         6.31 248.41</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.53                        6.57 258.65N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.50N/A   N/A   N/A         6.54 257.47  1.20         6.33 249.20</u></div>
<div class="ContentPasted0"><u>FOB SW Que   1.71                        6.75 265.74N/A</u></div>
<div class="ContentPasted0"><u>Track        2.01                        7.05 277.55N/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         6.78 266.92</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                        7.05 277.55</u></div>
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<div class="ContentPasted0"><u>US Rep       2.48                        7.52 296.05</u></div>
<div class="ContentPasted0"><u>Toledo El.   0.53                        5.57 219.12 -0.59         4.54 178.67</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.45         6.58 259.04</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.26         6.39 251.56</u></div>
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<div class="ContentPasted0"><u>HI SD CRN                                             1.15         6.281</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3146 down 0.0075</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed moderately lower to lower.</u></div>
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<div class="ContentPasted0"><u>      NOV23   HI 13.75  1/2              NOV23     HI 13.75  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 13.22  3/4                       LOW 13.22  3/4</u></div>
<div class="ContentPasted0"><u>            CLOSE13.31  3/4  Down 50 3/4        CLOSE 13.31  3/4  Down 50 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      4.83                         18.15 666.81  3.05        16.37 601.40</u></div>
<div class="ContentPasted0"><u>CK High     4.95                         18.27 671.22  3.20        16.52 606.91</u></div>
<div class="ContentPasted0"><u>CK Average  4.88                    0.53 18.20 668.64  3.11 -0.82  16.43 603.76</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.85                         18.17 667.54  3.15        16.47 605.08</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.81                         18.13 666.07  3.03        16.35 600.67</u></div>
<div class="ContentPasted0"><u>Mdsx High   5.00                         18.32 673.05  3.20        16.52 606.91</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.89                    0.53 18.21 669.01  3.11 -0.82  16.43 603.52</u></div>
<div class="ContentPasted0"><u>Hensall     4.80                         18.12 665.70  3.07        16.38 602.02</u></div>
<div class="ContentPasted0"><u>Bruce       4.90                         18.22 669.38  3.15        16.47 605.08</u></div>
<div class="ContentPasted0"><u>Putnam      4.90                         18.22 669.38  3.10        16.42 603.24</u></div>
<div class="ContentPasted0"><u>Guelph      4.84                         18.16 667.17  3.15        16.47 605.08</u></div>
<div class="ContentPasted0"><u>Burford     4.91                         18.23 669.75  3.13        16.45 604.34</u></div>
<div class="ContentPasted0"><u>Port Perry  4.75                         18.07 663.87  2.97        16.29 598.46</u></div>
<div class="ContentPasted0"><u>Norfolk     4.85                         18.17 667.54  3.15        16.47 605.08</u></div>
<div class="ContentPasted0"><u>Palmerston  4.75                         18.07 663.87  3.05        16.37 601.40</u></div>
<div class="ContentPasted0"><u>Varna       4.75                         18.07 663.87  3.05        16.37 601.40</u></div>
<div class="ContentPasted0"><u>Trenton      N/A                                       3.15        16.47 605.08</u></div>
<div class="ContentPasted0"><u>Winchester   N/A                                       3.10        16.42 603.24</u></div>
<div class="ContentPasted0"><u>North Gower 5.15                         18.47 678.56  3.20        16.52 606.91</u></div>
<div class="ContentPasted0"><u>Vankleek Hil3.95                         17.27 634.47  3.12        16.44 603.97</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.84  N/A   3.05  3.05       18.16 667.17  3.05        16.37 601.40</u></div>
<div class="ContentPasted0"><u>Kent FOB    4.95                         18.27 671.22  3.10        16.42 603.24</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.95                         18.27 671.22  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    4.90  N/A   N/A   N/A        18.22 669.38  3.10        16.42 603.24</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.31                         18.63 684.44  3.59        16.91 621.24</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.25                         18.57 682.24  3.70        17.02 625.29</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       3.47        16.79 616.84</u></div>
<div class="ContentPasted0"><u>Port Colborn N/A                                       3.74        17.06 626.76</u></div>
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<div class="ContentPasted0"><u>Toledo El.  0.20                         13.51 496.58 -0.79        12.53 460.35</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3146 down 0.0075</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed lower.</u></div>
<div class="ContentPasted0"><u>SEP23      HI     7.03                 JUL24   HI      7.52  1/2</u></div>
<div class="ContentPasted0"><u>           LOW    6.60  1/4                    LOW     7.25  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  6.65  3/4  Down 38 1/2       CLOSE   7.27  1/4  Down 27 1/4</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed lower to sharply lower.</u></div>
<div class="ContentPasted0"><u>SEP23      HI     8.95  1/4            SEP24   HI         8.26</u></div>
<div class="ContentPasted0"><u>           LOW       8.51                      LOW        8.24</u></div>
<div class="ContentPasted0"><u>           CLOSE  8.55  3/4  Down 40 1/4       CLOSE   8.24   Down 24 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   0.70    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>London      1.71   1.25   0.45    N/A    1.85    1.38   0.78    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    1.38    1.20   0.80    N/A</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   0.50    N/A    N/A     N/A    0.80    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   0.50    N/A    N/A     N/A    0.80    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   0.40    N/A    N/A     N/A    0.80    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    1.71   1.25   0.59   1.21    1.81    1.38   0.78    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   0.85   1.10   1.22    N/A     0.59   0.90   0.87</u></div>
<div class="ContentPasted0"><u>W O Feed                  1.43</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.25    N/A    N/A     N/A    1.05    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   1.70    N/A    N/A     N/A     N/A    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 6.28US        8.25CA         7.03US         9.24CA</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            709.02</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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