FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9643 up 0.0000 Chicago corn closed lower to sharply lower. SEP11 HI 6.22 3/4 DEC11 HI 6.03 1/4 LOW 6.03 LOW 5.75 1/2 CLOSE6.06 3/4 Down 41 1/4 CLOSE 5.96 3/4 Down 23 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP11+DEC11+DEC11 CK Low 0.45 6.52 256.58 -0.40 5.57 219.18 CK High 0.45 6.52 256.58 -0.40 5.57 219.18 CK Avg 0.45 0.69 6.52 256.58 -0.40 -0.18 5.57 219.18 Essex Cty 0.45 6.52 256.58 -0.40 5.57 219.18 Mdsx Low 0.45 6.52 256.58 -0.40 5.57 219.18 Mdsx High 0.45 6.52 256.58 -0.40 5.57 219.18 Mdsx Avg 0.45 0.69 6.52 256.58 -0.40 -0.18 5.57 219.18 Hensall 0.45 6.52 256.58 -0.40 5.57 219.18 Bruce 0.45 6.52 256.58 -0.40 5.57 219.18 Putnam 0.45 6.52 256.58 -0.40 5.57 219.18 Princeton 0.45 6.52 256.58 -0.40 5.57 219.18 Durham 0.45 6.52 256.58 -0.40 5.57 219.18 Norfolk 0.45 6.52 256.58 -0.40 5.57 219.18 Palmerston 0.45 6.52 256.58 -0.40 5.57 219.18 Trenton 0.40 6.47 254.61 -0.40 5.57 219.18 Winchester 0.60 6.67 262.49 -0.35 5.62 221.15 North Gower 0.45 6.52 256.58 -0.65 5.32 209.34 Huron FOB 0.35 6.42 252.65 -0.40 5.57 219.18 Kent FOB 0.45 6.52 256.58 -0.40 5.57 219.18 Lamb FOB 0.45 6.52 256.58 -0.40 5.57 219.18 Mdsx FOB 0.50 0.60 0.45N/A 6.57 258.55 -0.45 5.52 217.21 FOB SW Que 0.35 6.42 252.65 -0.55 5.42 213.28 Track 0.83 6.89 271.35N/A PROCESSORS Chat-Eth 0.60 0.80 1.30 -1.40 6.67 262.49 -0.40 5.57 219.18 Jhnstwn-Eth N/A N/A 1.25 1.30 -0.35 5.62 221.15 Aylmer-Eth 0.70 0.75 1.05 1.10 6.77 266.42 -0.45 5.52 217.21 Sarn-Eth N/A 0.65 1.05 1.25 -0.40 5.57 219.18 Cllngwd-Eth N/A N/A N/A N/A -0.55* 5.42 213.28 London-Cas 0.60 0.65 1.17 1.22 6.67 262.49 -0.75 5.22 205.40 Pt.Colb-Cas 0.70 0.75 1.25 1.30 6.77 266.42 -0.70 5.27 207.37 Cardnl-Cas 0.70 0.75 1.25 1.30 6.77 266.42 -0.80 5.17 203.44 W O Feed 0.92 0.95 6.99 275.09 US Rep 1.20 1.23 7.27 286.11 Toledo El. 0.61 6.67 262.69 -0.39 5.58 219.76 TRANSFER Sarnia 0.45 6.52 256.58 -0.40 5.57 219.18 Pt. Stanley 0.30 6.37 250.68 -0.47 5.50216 3/7 Hamilton 0.55 6.62 260.52 -0.47 5.50216 3/7 MID SD CRN -0.40 5.56 3/4 HI SD CRN -0.40 5.56 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9643 up 0.0000 Chicago soybeans closed moderately higher. NOV11 HI 13.21 3/4 NOV11 HI 13.21 3/4 LOW 12.93 LOW 12.93 CLOSE13.12 1/2 Up 18 1/2 CLOSE 13.12 1/2 Up 18 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.76 12.37 454.34-1.29 11.84 434.86 CK High -0.66 12.47 458.01-1.25 11.88 436.33 CK Average -0.70 -0.1812.42 456.48-1.26-0.7811.86 435.84 Essex Cty -0.95 12.18 447.35-1.24 11.89 436.70 Mdsx Low -0.82 12.31 452.13-1.25 11.88 436.33 Mdsx High -0.70 12.43 456.54-1.21 11.92 437.80 Mdsx Average -0.74 -0.2212.38 454.95-1.24-0.7511.89 436.82 Hensall -0.68 12.45 457.46-1.25 11.88 436.33 Bruce -0.70 12.43 456.54-1.25 11.88 436.33 Putnam -0.70 12.43 456.54-1.25 11.88 436.33 Princeton -0.63 12.50 459.11-1.23 11.90 437.07 Durham -0.78 12.35 453.60-1.22 11.91 437.43 Norfolk -0.72 12.41 455.81-1.29 11.84 434.86 Palmerston -0.55 12.58 462.05-1.15 11.98 440.01 Trenton -1.10 12.03 441.84-1.25 11.88 436.33 Winchester -0.81 12.32 452.50-1.01 12.12 445.15 North Gower N/A -1.05 12.08 443.68 Huron FOB -0.50 12.63 463.89-1.10 12.03 441.84 Kent FOB -0.66 12.47 458.01-1.29 11.84 434.86 Lambton FOB -0.66 12.47 458.01-1.29 11.84 434.86 Middlesex FOB-0.70-0.64 N/A N/A 12.43 456.54-1.01 12.12 445.15 PROCESSORS Hamilton -0.30-0.40-0.55 N/A 12.83 471.24-0.80 12.33 452.87 Windsor -0.33-0.48 N/A N/A 12.80 470.14-0.95 12.18 447.35 Winchester -0.43 12.70 466.46-0.89 12.24 449.56 TRANSFER Hamilton N/A N/A N/A N/A -0.62 12.51 459.48 Pt. Stanley N/A -1.12 12.01 441.11 Sarnia -0.71 12.42 456.17-0.88 12.25 449.93 Owen Sound N/A N/A Sorel QC -0.47 12.66 464.99-0.45 12.68 465.73 Toledo El. 0.26 13.38 491.79-0.41 12.71 467.04 Bank of Canada Noon exchange rate was 0.9643 up 0.0000 Chicago wheat closed mixed. SEP11 HI 6.23 JUL12 HI 7.41 LOW 5.92 LOW 7.12 CLOSE 6.12 1/4 Down 2 CLOSE 7.37 3/4 Up 10 3/4 Minni wheat closed slightly to moderately higher. SEP11 HI 8.08 1/4 SEP12 HI 7.99 3/4 LOW 7.85 LOW 7.88 CLOSE 8.04 1/2 Up 9 1/2 CLOSE 7.99 1/4 Up 15 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.53 0.14 -0.72 -0.70 CAD $/bu 5.59 6.26 5.40 7.34 CAD $/tonne 205.45 230.16 198.40 269.76 Direct MarkHarvest 2011 Harvest 2012 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A -0.25 -1.10 N/A N/A N/A N/A N/A London -0.41 -0.12 -0.54 N/A -0.40 -0.21 -1.09 N/A Hensall -0.35 N/A -0.95 N/A -0.70 N/A -1.60 N/A Trenton N/A N/A -0.70 N/A N/A N/A N/A N/A Winchester N/A N/A N/A -1.05 N/A N/A N/A N/A Essex N/A N/A -1.19 N/A N/A N/A N/A N/A Norwich -0.35 N/A -1.05 N/A -0.70 N/A -1.60 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.35 N/A -1.05 N/A -0.70 N/A -1.60 N/A Chatham N/A -0.15 -1.05 N/A N/A -0.68 -1.49 N/A Brigden N/A -0.15 -1.05 N/A N/A -0.68 -1.49 N/A Palmerston N/A -0.17 -0.99 -0.79 N/A -0.93 -1.70 -0.63 Mitchell -0.35 0.00 -0.95 N/A -0.70 -0.55 -1.60 N/A Thornton N/A N/A N/A -1.19 N/A N/A N/A N/A North Gower N/A N/A N/A -0.85 N/A N/A N/A N/A TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.59 N/A N/A N/A N/A N/A Pt. Stanley N/A N/A -1.03 N/A N/A N/A N/A N/A PROCESSORS Toledo FM -0.29 0.43 -0.15 N/A N/A N/A N/A N/A Toledo El. 5.99US 5.75CA N/A GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.14 -0.56 -1.33 -1.02 CAD $/bu 6.24 6.82 6.05 6.98 CAD $/tonne 229.23 250.46 222.15 256.30 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 300.00 Bayport Oats 305.00 Bayport Barley 285.00 FOB Hm Soymeal 396.73 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00