FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 5 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9608 up 0.0010 Chicago corn closed higher. SEP11 HI 6.29 1/2 DEC11 HI 6.14 1/2 LOW 6.14 1/4 LOW 6.00 1/4 CLOSE6.25 1/2 Up 18 3/4 CLOSE 6.12 1/2 Up 15 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 6.71 263.96 -0.40 5.73 225.38 CK High 0.50 6.76 265.93 -0.40 5.73 225.38 CK Avg 0.49 0.71 6.75 265.60 -0.40 -0.22 5.73 225.38 Essex Cty 0.45 6.71 263.96 -0.40 5.73 225.38 Mdsx Low 0.45 6.71 263.96 -0.40 5.73 225.38 Mdsx High 0.50 6.76 265.93 -0.40 5.73 225.38 Mdsx Avg 0.48 0.70 6.74 265.28 -0.40 -0.22 5.73 225.38 Hensall 0.50 6.76 265.93 -0.40 5.73 225.38 Bruce 0.50 6.76 265.93 -0.40 5.73 225.38 Putnam 0.50 6.76 265.93 -0.40 5.73 225.38 Princeton 0.45 6.71 263.96 -0.40 5.73 225.38 Durham 0.50 6.76 265.93 -0.40 5.73 225.38 Norfolk 0.50 6.76 265.93 -0.40 5.73 225.38 Palmerston 0.45 6.71 263.96 -0.40 5.73 225.38 Varna 0.50 6.76 265.93 -0.40 5.73 225.38 Trenton 0.40 6.66 262.00 -0.40 5.73 225.38 Winchester N/A -0.35 5.78 227.35 North Gower 0.60 6.86 269.87 -0.65 5.48 215.54 Huron FOB 0.40 6.66 262.00 -0.40 5.73 225.38 Kent FOB 0.50 6.76 265.93 -0.40 5.73 225.38 Lamb FOB 0.50 6.76 265.93 -0.40 5.73 225.38 Mdsx FOB 0.70 0.75N/A N/A 6.96 273.81 -0.45 5.68 223.41 FOB SW Que 0.45 6.71 263.96 -0.30 5.83 229.32 Track 0.85 7.11 279.71N/A PROCESSORS Chat-Eth 0.70 0.85 1.41 1.46 6.96 273.81 -0.30 5.83 229.32 Jhnstwn-Eth N/A N/A 1.25 1.30 -0.35 5.78 227.35 Aylmer-Eth 0.70 0.75 1.05 1.10 6.96 273.81 -0.45 5.68 223.41 Sarn-Eth N/A 0.65 1.05 1.25 -0.40 5.73 225.38 Cllngwd-Eth N/A N/A N/A N/A -0.55* 5.58 219.48 London-Cas 0.60 0.65 1.17 1.22 6.86 269.87 -0.75 5.38 211.60 Pt.Colb-Cas 0.70 0.75 1.25 1.30 6.96 273.81 -0.70 5.43 213.57 Cardnl-Cas 0.70 0.75 1.25 1.30 6.96 273.81 -0.80 5.33 209.64 W O Feed 0.97 1.01 7.23 284.44 US Rep 1.20 1.24 7.46 293.49 Toledo El. 0.79 7.05 277.39 -0.39 5.74 225.85 TRANSFER Sarnia 0.45 6.71 263.96 -0.40 5.73225 3/8 Pt. Stanley 0.42 6.68 262.78 -0.52 5.61220 2/3 Hamilton 0.47 6.73264 3/4 -0.52 5.61220 2/3 MID SD CRN -0.40 5.72 1/2 HI SD CRN -0.40 5.72 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9608 up 0.0010 Chicago soybeans closed slightly higher. NOV11 HI 13.28 1/2 NOV11 HI 13.28 1/2 LOW 13.09 1/4 LOW 13.09 1/4 CLOSE13.18 Up 5 1/2 CLOSE 13.18 Up 5 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.85 12.33 453.05-1.36 11.82 434.31 CK High -0.75 12.43 456.72-1.26 11.92 437.99 CK Average -0.78 -0.3112.40 455.62-1.31-0.9211.87 436.27 Essex Cty -0.66 12.52 460.03-1.28 11.90 437.25 Mdsx Low -0.87 12.31 452.32-1.33 11.85 435.41 Mdsx High -0.75 12.43 456.72-1.24 11.94 438.72 Mdsx Average -0.81 -0.3412.37 454.64-1.29-0.9011.89 436.88 Hensall -0.73 12.45 457.46-1.30 11.88 436.52 Bruce -0.75 12.43 456.72-1.30 11.88 436.52 Putnam -0.75 12.43 456.72-1.30 11.88 436.52 Princeton -0.72 12.46 457.83-1.28 11.90 437.25 Durham -0.83 12.35 453.78-1.30 11.88 436.52 Norfolk -0.72 12.46 457.83-1.29 11.89 436.88 Palmerston -0.70 12.48 458.56-1.25 11.93 438.35 Varna -0.71 12.47 458.19-1.30 11.88 436.52 Trenton -1.10 12.08 443.86-1.25 11.93 438.35 Winchester N/A -1.01 12.17 447.17 North Gower -1.15 12.03 442.03-1.15 12.03 442.03 Huron FOB -0.55 12.63 464.07-1.15 12.03 442.03 Kent FOB -0.77 12.41 455.99-1.34 11.84 435.05 Lambton FOB -0.77 12.41 455.99-1.34 11.84 435.05 Middlesex FOB-0.69-0.72 N/A N/A 12.49 458.93-1.09 12.09 444.23 PROCESSORS Hamilton -0.33-0.43-0.58 N/A 12.85 472.16-0.87 12.31 452.32 Windsor -0.39-0.53 N/A N/A 12.79 469.95-0.95 12.23 449.38 Winchester -0.71 12.47 458.19-0.91 12.27 450.85 TRANSFER Hamilton -0.50 N/A N/A N/A 12.68 465.91-0.75 12.43 456.72 Pt. Stanley -0.95 12.23 449.38-1.20 11.98 440.19 Sarnia -0.75 12.43 456.72-0.91 12.27 450.85 Owen Sound N/A N/A Sorel QC -0.55 12.63 464.07-0.45 12.73 467.75 Toledo El. 0.20 13.38 491.73-0.42 12.76 468.95 Bank of Canada Noon exchange rate was 0.9608 up 0.0010 Chicago wheat closed higher. SEP11 HI 6.41 JUL12 HI 7.69 3/4 LOW 6.18 1/4 LOW 7.44 CLOSE 6.35 1/2 Up 23 1/4 CLOSE 7.63 Up 25 1/4 Minni wheat closed moderately higher to higher. SEP11 HI 8.36 SEP12 HI 8.25 1/4 LOW 8.09 1/2 LOW 8.11 CLOSE 8.28 3/4 Up 24 1/4 CLOSE 8.19 Up 19 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.51 0.16 -0.71 -0.68 CAD $/bu 5.84 6.52 5.65 7.61 CAD $/tonne 214.63 239.44 207.54 279.58 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 -0.20 -0.95 N/A N/A -0.70 -1.60 N/A London -0.44 -0.15 -1.11 N/A N/A -0.92 -1.64 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 -1.50 N/A Winchester N/A N/A N/A -1.05 N/A N/A N/A N/A Essex N/A N/A -1.12 N/A N/A N/A -1.49 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 -1.02 N/A N/A -0.68 -1.46 N/A Brigden N/A -0.15 -1.02 N/A N/A -0.68 -1.46 N/A Palmerston N/A -0.06 -0.93 -0.40 N/A -0.81 -1.68 -0.60 Varna 0.10 0.10 -0.90 N/A -0.60 -0.60 -1.60 N/A Mitchell -0.35 0.00 -0.95 N/A -0.70 -0.55 -1.60 N/A Thornton N/A N/A N/A -1.45 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 -0.13 0.35 -0.66 N/A -0.70 -0.22 -1.19 N/A Hamilton N/A N/A -0.65 N/A N/A N/A -1.15 N/A Pt. Stanley N/A N/A -1.10 N/A N/A N/A -1.60 N/A PROCESSORS Toledo FM -0.27 0.45 -0.13N/A N/A N/A N/A N/A Toledo El. 6.23US 6.01CA N/A GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.10 -0.52 -1.29 -0.97 CAD $/bu 6.53 7.11 6.34 7.22 CAD $/tonne 240.01 261.41 232.88 265.33 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 295.00 - 300.00 Bayport Oats 305.00 Bayport Barley 280.00 FOB Hm Soymeal 397.39 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00