FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9627 up 0.0041 Chicago corn closed higher to sharply higher. SEP11 HI 6.46 1/2 DEC11 HI 6.38 LOW 6.26 LOW 6.15 3/4 CLOSE6.42 1/4 Up 17 1/4 CLOSE 6.37 Up 21 1/2 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 6.97 274.50 -0.40 5.97 235.03 CK High 0.65 7.07 278.43 -0.40 5.97 235.03 CK Avg 0.63 0.87 7.06 277.78 -0.40 -0.18 5.97 235.03 Essex Cty 0.55 6.97 274.50 -0.40 5.97 235.03 Mdsx Low 0.55 6.97 274.50 -0.40 5.97 235.03 Mdsx High 0.65 7.07 278.43 -0.40 5.97 235.03 Mdsx Avg 0.62 0.86 7.04 277.12 -0.40 -0.18 5.97 235.03 Hensall 0.65 7.07 278.43 -0.38 6.00 236.01 Bruce 0.65 7.07 278.43 -0.40 5.97 235.03 Putnam 0.65 7.07 278.43 -0.40 5.97 235.03 Princeton 0.55 6.97 274.50 -0.40 5.97 235.03 Durham 0.65 7.07 278.43 -0.40 5.97 235.03 Norfolk 0.65 7.07 278.43 -0.40 5.97 235.03 Palmerston 0.45 6.87 270.56 -0.40 5.97 235.03 Varna 0.50 6.92 272.53 -0.40 5.97 235.03 Trenton 0.55 6.97 274.50 -0.40 5.97 235.03 Winchester 0.85 7.27 286.31 -0.35 6.02 237.00 North Gower 0.60 7.02 276.46 -0.65 5.72 225.19 Huron FOB 0.75 7.17 282.37 -0.35 6.02 237.00 Kent FOB 0.65 7.07 278.43 -0.40 5.97 235.03 Lamb FOB 0.65 7.07 278.43 -0.40 5.97 235.03 Mdsx FOB 0.80N/A N/A N/A 7.22 284.34 -0.45 5.92 233.06 FOB SW Que 0.45 6.87 270.56 -0.34 6.03 237.39 Track 1.00 7.42 292.21N/A PROCESSORS Chat-Eth 0.50 0.65 1.20 1.20 6.92 272.53 -0.35 6.02 237.00 Jhnstwn-Eth N/A N/A 1.25 1.30 -0.35 6.02 237.00 Aylmer-Eth 0.70 0.75 1.05 1.10 7.12 280.40 -0.45 5.92 233.06 Sarn-Eth N/A 0.65 1.05 1.25 -0.40 5.97 235.03 Cllngwd-Eth N/A N/A N/A N/A -0.55* 5.82 229.12 London-Cas N/A 0.55 1.10 1.20 -0.75 5.62 221.25 Pt.Colb-Cas N/A 0.70 1.25 1.30 -0.70 5.67 223.22 Cardnl-Cas N/A 0.65 1.20 1.30 -0.85 5.52 217.31 W O Feed 1.02 1.06 7.44 293.00 US Rep 1.25 1.29 7.67 302.05 Toledo El. 0.55 6.97 274.44 -0.39 5.98 235.56 TRANSFER Sarnia 0.55 6.97 274.50 -0.40 5.97235 Pt. Stanley 0.49 6.91 272.13 -0.46 5.91232 2/3 Hamilton 0.63 7.05277 2/3 -0.32 6.05238 1/6 MID SD CRN -0.40 5.97 HI SD CRN -0.40 5.97 *Wet Bid Bank of Canada Noon exchange rate was 0.9627 up 0.0041 Chicago soybeans closed slightly higher. NOV11 HI 13.49 1/2 NOV11 HI 13.49 1/2 LOW 13.32 1/2 LOW 13.32 1/2 CLOSE13.46 1/2 Up 8 3/4 CLOSE 13.46 1/2 Up 8 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.90 12.57 461.68-1.37 12.10 444.42 CK High -0.75 12.72 467.20-1.25 12.22 448.82 CK Average -0.84 -0.3412.62 463.83-1.32-0.8612.15 446.37 Essex Cty -0.68 12.79 469.77-1.21 12.26 450.29 Mdsx Low -0.86 12.61 463.15-1.35 12.12 445.15 Mdsx High -0.79 12.68 465.73-1.21 12.26 450.29 Mdsx Average -0.83 -0.3312.63 464.13-1.29-0.8412.17 447.23 Hensall -0.80 12.67 465.36-1.35 12.12 445.15 Bruce -0.85 12.62 463.52-1.35 12.12 445.15 Putnam -0.85 12.62 463.52-1.35 12.12 445.15 Princeton -0.70 12.77 469.03-1.25 12.22 448.82 Durham -0.90 12.57 461.68-1.34 12.13 445.52 Norfolk -0.80 12.67 465.36-1.51 11.96 439.27 Palmerston -0.70 12.77 469.03-1.25 12.22 448.82 Varna -0.75 12.72 467.20-1.30 12.17 446.99 Trenton -1.20 12.27 450.66-1.28 12.19 447.72 Winchester -0.92 12.55 460.95-1.14 12.33 452.87 North Gower -1.15 12.32 452.50-1.15 12.32 452.50 Huron FOB -0.60 12.87 472.71-1.20 12.27 450.66 Kent FOB -0.85 12.62 463.52-1.37 12.10 444.42 Lambton FOB -0.85 12.62 463.52-1.37 12.10 444.42 Middlesex FOB-0.74 N/A N/A N/A 12.73 467.56-1.04 12.43 456.54 PROCESSORS Hamilton -0.38-0.52-0.67 N/A 13.09 480.79-0.93 12.54 460.58 Windsor -0.39-0.50 N/A N/A 13.08 480.42-0.92 12.55 460.95 Winchester -0.82 12.65 464.62-1.04 12.43 456.54 TRANSFER Hamilton -0.50 N/A N/A N/A 12.97 476.38-0.75 12.72 467.20 Pt. Stanley -0.95 12.52 459.85-1.20 12.27 450.66 Sarnia -0.74 12.73 467.56-0.89 12.58 462.05 Owen Sound N/A N/A Sorel QC -0.55 12.92 474.55-0.55 12.92 474.55 Toledo El. 0.12 13.58 499.00-0.42 13.05 479.49 Bank of Canada Noon exchange rate was 0.9627 up 0.0041 Chicago wheat closed slightly to moderately higher. SEP11 HI 6.57 1/2 JUL12 HI 7.62 LOW 6.32 1/2 LOW 7.43 1/2 CLOSE 6.51 1/4 Up 16 3/4 CLOSE 7.57 1/4 Up 7 3/4 Minni wheat closed mixed. SEP11 HI 8.30 SEP12 HI 8.16 1/2 LOW 8.08 LOW 8.07 CLOSE 8.17 Down 7 3/4 CLOSE 8.15 Up 2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.15 0.38 -0.68 -0.35 CAD $/bu 6.36 6.89 5.84 7.82 CAD $/tonne 233.87 253.32 214.42 287.19 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 -0.38 -0.04 -1.01 N/A N/A -0.81 -1.63 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 -1.01 N/A N/A N/A -1.47 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 0.10 -0.82 N/A N/A -0.07 -1.53 N/A Brigden N/A 0.10 -0.82 N/A N/A -0.07 -1.53 N/A Palmerston N/A -0.07 -0.94 -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 -1.11 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 -0.12 0.36 -0.55 N/A -0.73 -0.24 -1.21 N/A Hamilton N/A N/A -0.60 N/A N/A N/A -1.00 N/A Pt. Stanley N/A N/A -1.05 N/A N/A N/A -1.45 N/A PROCESSORS Toledo FM 0.00 0.72 -0.05N/A N/A N/A N/A N/A Toledo El. 6.38US 6.14CA N/A GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.64 0.23 -1.13 -0.76 CAD $/bu 6.93 7.80 6.45 7.39 CAD $/tonne 254.63 286.58 236.88 271.58 (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 402.35 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00