FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 6 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9657 up 0.0049 Chicago corn closed slightly to moderately lower. SEP11 HI 6.29 3/4 DEC11 HI 6.17 LOW 6.18 LOW 6.04 1/4 CLOSE6.18 3/4 Down 6 3/4 CLOSE 6.08 1/2 Down 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 6.64 261.31 -0.40 5.69 223.81 CK High 0.55 6.74 265.24 -0.40 5.69 223.81 CK Avg 0.50 0.70 6.69 263.28 -0.40 -0.21 5.69 223.81 Essex Cty 0.45 6.64 261.31 -0.40 5.69 223.81 Mdsx Low 0.45 6.64 261.31 -0.40 5.69 223.81 Mdsx High 0.50 6.69 263.28 -0.40 5.69 223.81 Mdsx Avg 0.48 0.69 6.67 262.62 -0.40 -0.21 5.69 223.81 Hensall 0.50 6.69 263.28 -0.40 5.69 223.81 Bruce 0.50 6.69 263.28 -0.40 5.69 223.81 Putnam 0.50 6.69 263.28 -0.40 5.69 223.81 Princeton 0.45 6.64 261.31 -0.40 5.69 223.81 Durham 0.50 6.69 263.28 -0.40 5.69 223.81 Norfolk 0.55 6.74 265.24 -0.40 5.69 223.81 Palmerston 0.45 6.64 261.31 -0.40 5.69 223.81 Varna 0.50 6.69 263.28 -0.40 5.69 223.81 Trenton 0.40 6.59 259.34 -0.40 5.69 223.81 Winchester N/A -0.35 5.74 225.78 North Gower 0.60 6.79 267.21 -0.65 5.44 213.97 Huron FOB 0.40 6.59 259.34 -0.40 5.69 223.81 Kent FOB 0.55 6.74 265.24 -0.40 5.69 223.81 Lamb FOB 0.55 6.74 265.24 -0.40 5.69 223.81 Mdsx FOB 0.70 0.75N/A N/A 6.89 271.15 -0.45 5.64 221.84 FOB SW Que 0.45 6.64 261.31 -0.30 5.79 227.75 Track 0.85 7.04 277.05N/A PROCESSORS Chat-Eth 0.70 0.75 1.05 1.10 6.89 271.15 -0.45 5.64 221.84 Jhnstwn-Eth N/A N/A 1.25 1.30 -0.35 5.74 225.78 Aylmer-Eth 0.70 0.75 1.05 1.10 6.89 271.15 -0.45 5.64 221.84 Sarn-Eth N/A 0.65 1.05 1.25 -0.40 5.69 223.81 Cllngwd-Eth N/A N/A N/A N/A -0.55* 5.54 217.90 London-Cas N/A 0.55 1.10 1.20 -0.75 5.34 210.03 Pt.Colb-Cas N/A 0.70 1.25 1.30 -0.70 5.39 212.00 Cardnl-Cas N/A 0.65 1.20 1.30 -0.85 5.24 206.09 W O Feed 0.99 1.02 7.18 282.57 US Rep 1.25 1.28 7.44 292.80 Toledo El. 0.65 6.84 269.10 -0.39 5.70 224.30 TRANSFER Sarnia 0.45 6.64 261.31 -0.40 5.69223 4/5 Pt. Stanley 0.42 6.61 260.13 -0.52 5.57219 Hamilton 0.47 6.66262 -0.52 5.57219 MID SD CRN -0.40 5.68 1/2 HI SD CRN -0.40 5.68 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9657 up 0.0049 Chicago soybeans closed slightly higher. NOV11 HI 13.23 1/2 NOV11 HI 13.23 1/2 LOW 13.05 LOW 13.05 CLOSE13.18 1/2 Up 1/2 CLOSE 13.18 1/2 Up 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.77 12.42 456.17-1.31 11.88 436.33 CK High -0.70 12.49 458.75-1.20 11.99 440.37 CK Average -0.73 -0.2912.46 457.83-1.26-0.8511.92 438.11 Essex Cty -0.66 12.53 460.21-1.28 11.91 437.43 Mdsx Low -0.81 12.38 454.70-1.28 11.91 437.43 Mdsx High -0.70 12.49 458.75-1.24 11.95 438.90 Mdsx Average -0.77 -0.3412.42 456.17-1.26-0.8411.93 438.29 Hensall -0.71 12.48 458.56-1.28 11.91 437.62 Bruce -0.70 12.49 458.75-1.25 11.94 438.54 Putnam -0.75 12.44 456.91-1.30 11.89 436.70 Princeton -0.72 12.47 458.01-1.28 11.91 437.43 Durham -0.77 12.42 456.17-1.28 11.91 437.43 Norfolk -0.65 12.54 460.58-1.23 11.96 439.27 Palmerston -0.70 12.49 458.75-1.25 11.94 438.54 Varna -0.71 12.48 458.38-1.30 11.89 436.70 Trenton -1.10 12.09 444.05-1.25 11.94 438.54 Winchester N/A -1.01 12.18 447.35 North Gower -1.15 12.04 442.21-1.15 12.04 442.21 Huron FOB -0.55 12.64 464.26-1.15 12.04 442.21 Kent FOB -0.70 12.49 458.75-1.28 11.91 437.43 Lambton FOB -0.70 12.49 458.75-1.28 11.91 437.43 Middlesex FOB-0.63-0.66 N/A N/A 12.56 461.32-1.04 12.15 446.25 PROCESSORS Hamilton -0.29-0.41-0.55 N/A 12.90 473.81-0.84 12.35 453.60 Windsor -0.32-0.46 N/A N/A 12.87 472.71-0.89 12.30 451.76 Winchester -0.71 12.48 458.38-0.91 12.28 451.03 TRANSFER Hamilton -0.50 N/A N/A N/A 12.69 466.09-0.75 12.44 456.91 Pt. Stanley -0.95 12.24 449.56-1.20 11.99 440.37 Sarnia -0.75 12.44 456.91-0.91 12.28 451.03 Owen Sound N/A N/A Sorel QC -0.55 12.64 464.26-0.45 12.74 467.93 Toledo El. 0.12 13.30 488.73-0.42 12.77 469.16 Bank of Canada Noon exchange rate was 0.9657 up 0.0049 Chicago wheat closed slightly to moderately lower. SEP11 HI 6.39 1/2 JUL12 HI 7.64 3/4 LOW 6.20 LOW 7.44 CLOSE 6.27 Down 8 1/2 CLOSE 7.50 1/2 Down 12 1/2 Minni wheat closed slightly lower. SEP11 HI 8.37 1/2 SEP12 HI 8.17 1/4 LOW 8.18 LOW 8.05 CLOSE 8.27 1/2 Down 5 1/2 CLOSE 8.13 1/2 Down 5 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.11 0.42 -0.64 -0.32 CAD $/bu 6.16 6.69 5.63 7.95 CAD $/tonne 226.36 245.91 206.82 292.28 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 -0.41 -0.12 -1.09 N/A N/A -0.89 -1.61 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 -1.04 N/A N/A N/A -1.46 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 0.00 -0.92 N/A N/A -0.63 -1.48 N/A Brigden N/A 0.00 -0.92 N/A N/A -0.63 -1.48 N/A Palmerston N/A -0.02 -0.89 -0.35 N/A -0.76 -1.64 -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 -1.50 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 -0.25 0.47 -0.11N/A N/A N/A N/A N/A Toledo El. 6.14US 5.94CA N/A GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.62 0.25 -1.11 -0.74 CAD $/bu 6.88 7.75 6.40 7.39 CAD $/tonne 252.85 284.87 235.05 271.71 (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 397.61 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00