FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9586 down 0.0071 Chicago corn closed moderately higher. SEP11 HI 6.33 1/2 DEC11 HI 6.21 1/2 LOW 6.16 LOW 6.05 3/4 CLOSE6.25 Up 6 1/4 CLOSE 6.15 1/2 Up 7 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP11+DEC11+DEC11 CK Low 0.55 6.80 267.70 -0.40 5.76 226.56 CK High 0.60 6.85 269.67 -0.40 5.76 226.56 CK Avg 0.59 0.84 6.84 269.34 -0.40 -0.20 5.76 226.56 Essex Cty 0.55 6.80 267.70 -0.40 5.76 226.56 Mdsx Low 0.55 6.80 267.70 -0.40 5.76 226.56 Mdsx High 0.60 6.85 269.67 -0.40 5.76 226.56 Mdsx Avg 0.58 0.83 6.83 269.02 -0.40 -0.20 5.76 226.56 Hensall 0.60 6.85 269.67 -0.40 5.76 226.56 Bruce 0.60 6.85 269.67 -0.40 5.76 226.56 Putnam 0.60 6.85 269.67 -0.40 5.76 226.56 Princeton 0.55 6.80 267.70 -0.40 5.76 226.56 Durham 0.60 6.85 269.67 -0.40 5.76 226.56 Norfolk 0.60 6.85 269.67 -0.40 5.76 226.56 Palmerston 0.45 6.70 263.77 -0.40 5.76 226.56 Varna 0.50 6.75 265.74 -0.40 5.76 226.56 Trenton 0.55 6.80 267.70 -0.40 5.76 226.56 Winchester 0.85 7.10 279.51 -0.35 5.81 228.53 North Gower 0.60 6.85 269.67 -0.65 5.51 216.72 Huron FOB 0.70 6.95 273.61 -0.40 5.76 226.56 Kent FOB 0.60 6.85 269.67 -0.40 5.76 226.56 Lamb FOB 0.60 6.85 269.67 -0.40 5.76 226.56 Mdsx FOB 0.75 0.80 0.95N/A 7.00 275.58 -0.45 5.71 224.60 FOB SW Que 0.45 6.70 263.77 -0.34 5.82 228.93 Track 0.98 7.23 284.44N/A PROCESSORS Chat-Eth 0.70 0.85 1.41 1.46 6.95 273.61 -0.30 5.86 230.50 Jhnstwn-Eth N/A N/A 1.25 1.30 -0.35 5.81 228.53 Aylmer-Eth 0.70 0.75 1.05 1.10 6.95 273.61 -0.45 5.71 224.60 Sarn-Eth N/A 0.65 1.05 1.25 -0.40 5.76 226.56 Cllngwd-Eth N/A N/A N/A N/A -0.55* 5.61 220.66 London-Cas N/A 0.55 1.10 1.20 -0.75 5.41 212.79 Pt.Colb-Cas N/A 0.70 1.25 1.30 -0.70 5.46 214.75 Cardnl-Cas N/A 0.65 1.20 1.30 -0.85 5.31 208.85 W O Feed 0.99 1.03 7.24 285.03 US Rep 1.25 1.29 7.50 295.26 Toledo El. 0.55 6.80 267.60 -0.39 5.77 227.08 TRANSFER Sarnia 0.55 6.80 267.70 -0.40 5.76226 4/7 Pt. Stanley 0.42 6.67 262.59 -0.52 5.64221 5/6 Hamilton 0.47 6.72264 5/9 -0.52 5.64221 5/6 MID SD CRN -0.40 5.75 1/2 HI SD CRN -0.40 5.75 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9586 down 0.0071 Chicago soybeans closed moderately higher. NOV11 HI 13.41 1/4 NOV11 HI 13.41 1/4 LOW 13.16 3/4 LOW 13.16 3/4 CLOSE13.37 3/4 Up 19 1/4 CLOSE 13.37 3/4 Up 19 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.86 12.52 459.94-1.37 12.01 441.20 CK High -0.77 12.61 463.25-1.28 12.10 444.51 CK Average -0.84 -0.3112.54 460.74-1.34-0.9012.04 442.42 Essex Cty -0.66 12.72 467.29-1.28 12.10 444.51 Mdsx Low -0.89 12.49 458.84-1.35 12.03 441.93 Mdsx High -0.80 12.58 462.14-1.24 12.14 445.98 Mdsx Average -0.85 -0.3212.53 460.43-1.31-0.8812.06 443.28 Hensall -0.80 12.58 462.14-1.35 12.03 441.93 Bruce -0.85 12.53 460.31-1.35 12.03 441.93 Putnam -0.85 12.53 460.31-1.35 12.03 441.93 Princeton -0.72 12.66 465.08-1.28 12.10 444.51 Durham -0.85 12.53 460.31-1.35 12.03 441.93 Norfolk -0.80 12.58 462.14-1.32 12.06 443.04 Palmerston -0.70 12.68 465.82-1.25 12.13 445.61 Varna -0.70 12.68 465.82-1.30 12.08 443.77 Trenton -1.20 12.18 447.45-1.28 12.10 444.51 Winchester -0.92 12.46 457.73-1.14 12.24 449.65 North Gower -1.15 12.23 449.28-1.15 12.23 449.28 Huron FOB -0.60 12.78 469.49-1.20 12.18 447.45 Kent FOB -0.85 12.53 460.31-1.37 12.01 441.20 Lambton FOB -0.85 12.53 460.31-1.37 12.01 441.20 Middlesex FOB-0.70-0.73-0.73 N/A 12.68 465.82-1.11 12.27 450.75 PROCESSORS Hamilton -0.38-0.52-0.67 N/A 13.00 477.58-0.93 12.45 457.37 Windsor -0.44-0.57 N/A N/A 12.94 475.37-0.99 12.39 455.16 Winchester -0.71 12.67 465.45-0.91 12.47 458.10 TRANSFER Hamilton -0.50 N/A N/A N/A 12.88 473.17-0.75 12.63 463.98 Pt. Stanley -0.95 12.43 456.63-1.20 12.18 447.45 Sarnia -0.75 12.63 463.98-0.91 12.47 458.10 Owen Sound N/A N/A Sorel QC -0.55 12.83 471.33-0.55 12.83 471.33 Toledo El. 0.12 13.49 495.77-0.42 12.96 476.25 Bank of Canada Noon exchange rate was 0.9586 down 0.0071 Chicago wheat closed mixed. SEP11 HI 6.40 3/4 JUL12 HI 7.52 LOW 6.19 LOW 7.35 1/4 CLOSE 6.34 1/2 Up 7 1/2 CLOSE 7.49 1/2 Down 1 Minni wheat closed slightly lower. SEP11 HI 8.28 1/4 SEP12 HI 8.13 1/2 LOW 8.07 3/4 LOW 7.95 1/4 CLOSE 8.24 3/4 Down 2 3/4 CLOSE 8.13 Down 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.16 0.37 -0.68 -0.38 CAD $/bu 6.19 6.72 5.66 7.87 CAD $/tonne 227.42 246.83 208.01 289.26 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 -0.05 -1.06 N/A N/A -0.82 -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 -1.55 N/A Winchester N/A N/A N/A -1.05 N/A N/A N/A N/A Essex N/A N/A -1.08 N/A N/A N/A -1.50 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 -0.04 -0.96 N/A N/A -0.62 -1.53 N/A Brigden N/A -0.04 -0.96 N/A N/A -0.62 -1.53 N/A Palmerston N/A -0.07 -0.99 -0.42 N/A -0.82 -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 -1.43 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 -0.30 0.42 -0.16N/A N/A N/A N/A N/A Toledo El. 6.22US 5.97CA N/A GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.63 0.24 -1.11 -0.75 CAD $/bu 6.86 7.74 6.38 7.38 CAD $/tonne 252.22 284.22 234.45 271.24 (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 398.82 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00