FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 11 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9666 up 0.0039 Chicago corn closed mixed. SEP11 HI 6.45 DEC11 HI 6.39 3/4 LOW 6.31 1/4 LOW 6.25 CLOSE6.43 Up 3/4 CLOSE 6.32 3/4 Down 4 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP11+DEC11+DEC11 CK Low 0.55 6.98 274.79 -0.40 5.93 233.36 CK High 0.65 7.08 278.73 -0.35 5.98 235.32 CK Avg 0.63 0.82 7.06 278.07 -0.38 -0.22 5.95 234.34 Essex Cty 0.55 6.98 274.79 -0.40 5.93 233.36 Mdsx Low 0.55 6.98 274.79 -0.40 5.93 233.36 Mdsx High 0.65 7.08 278.73 -0.35 5.98 235.32 Mdsx Avg 0.62 0.81 7.05 277.42 -0.37 -0.22 5.96 234.67 Hensall 0.65 7.08 278.73 -0.35 5.98 235.32 Bruce 0.65 7.08 278.73 -0.35 5.98 235.32 Putnam 0.65 7.08 278.73 -0.35 5.98 235.32 Princeton 0.55 6.98 274.79 -0.40 5.93 233.36 Durham 0.65 7.08 278.73 -0.40 5.93 233.36 Norfolk 0.65 7.08 278.73 -0.40 5.93 233.36 Palmerston 0.65 7.08 278.73 -0.40 5.93 233.36 Varna 0.65 7.08 278.73 -0.40 5.93 233.36 Trenton 0.85 7.28 286.60 -0.40 5.93 233.36 Winchester 0.85 7.28 286.60 -0.35 5.98 235.32 North Gower 0.65 7.08 278.73 -0.65 5.68 223.51 Huron FOB 0.75 7.18 282.66 -0.35 5.98 235.32 Kent FOB 0.65 7.08 278.73 -0.40 5.93 233.36 Lamb FOB 0.65 7.08 278.73 -0.40 5.93 233.36 Mdsx FOB 0.80 0.85 1.00N/A 7.23 284.63 -0.45 5.88 231.39 FOB SW Que 0.45 6.88 270.85 -0.34 5.99 235.72 Track 1.00 7.43 292.51N/A PROCESSORS Chat-Eth 0.40 0.55 1.10 1.10 6.83 268.89N/A Jhnstwn-Eth N/A N/A 1.25 1.30 -0.35 5.98 235.32 Aylmer-Eth 0.70 0.75 1.05 1.10 7.13 280.70 -0.45 5.88 231.39 Sarn-Eth N/A 0.65 1.05 1.25 -0.40 5.93 233.36 Cllngwd-Eth N/A N/A N/A N/A -0.55* 5.78 227.45 London-Cas N/A 0.55 1.10 1.20 -0.75 5.58 219.58 Pt.Colb-Cas N/A 0.70 1.25 1.30 -0.70 5.63 221.54 Cardnl-Cas N/A 0.65 1.20 1.30 -0.85 5.48 215.64 W O Feed 1.02 1.05 7.45 293.29 US Rep 1.25 1.28 7.68 302.35 Toledo El. 0.60 7.03 276.82 -0.39 5.94 233.73 TRANSFER Sarnia 0.55 6.98 274.79 -0.40 5.93233 1/3 Pt. Stanley 0.49 6.92 272.43 -0.46 5.87231 Hamilton 0.63 7.06278 -0.32 6.01236 1/2 MID SD CRN -0.37 1/2 5.95 1/4 HI SD CRN -0.35 5.97 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9666 up 0.0039 Chicago soybeans closed slightly higher. NOV11 HI 13.56 3/4 NOV11 HI 13.56 3/4 LOW 13.37 3/4 LOW 13.37 3/4 CLOSE13.47 Up 1/2 CLOSE 13.47 Up 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.80 12.67 465.54-1.30 12.17 447.17 CK High -0.74 12.73 467.75-1.15 12.32 452.68 CK Average -0.79 -0.3912.68 466.03-1.25-0.9312.22 448.89 Essex Cty -0.73 12.74 468.11-1.20 12.27 450.85 Mdsx Low -0.81 12.66 465.18-1.30 12.17 447.17 Mdsx High -0.80 12.67 465.54-1.24 12.23 449.38 Mdsx Average -0.81 -0.4112.66 465.30-1.27-0.9512.20 448.27 Hensall -0.78 12.70 466.46-1.33 12.15 446.25 Bruce -0.80 12.67 465.54-1.30 12.17 447.17 Putnam -0.80 12.67 465.54-1.30 12.17 447.17 Princeton -0.75 12.72 467.38-1.23 12.24 449.74 Durham -0.77 12.70 466.65-1.34 12.13 445.70 Norfolk -0.73 12.74 468.11-1.24 12.23 449.38 Palmerston -0.85 12.62 463.71-1.35 12.12 445.33 Varna -0.75 12.72 467.38-1.30 12.17 447.17 Trenton -1.20 12.27 450.85-1.28 12.19 447.91 Winchester -0.92 12.55 461.13-1.14 12.33 453.05 North Gower -1.15 12.32 452.68-1.15 12.32 452.68 Huron FOB -0.60 12.87 472.89-1.20 12.27 450.85 Kent FOB -0.78 12.69 466.28-1.29 12.18 447.54 Lambton FOB -0.78 12.69 466.28-1.29 12.18 447.54 Middlesex FOB-0.65-0.55 N/A N/A 12.82 471.05-0.95 12.52 460.03 PROCESSORS Hamilton -0.56-0.41-0.52 N/A 12.91 474.36-0.81 12.66 465.18 Windsor -0.33-0.43 N/A N/A 13.14 482.81-0.86 12.61 463.34 Winchester -0.82 12.65 464.81-1.04 12.43 456.72 TRANSFER Hamilton -0.50 N/A N/A N/A 12.97 476.57-0.75 12.72 467.38 Pt. Stanley -0.95 12.52 460.03-1.20 12.27 450.85 Sarnia -0.71 12.76 468.85-0.82 12.65 464.81 Owen Sound N/A N/A Sorel QC -0.55 12.92 474.73-0.55 12.92 474.73 Toledo El. 0.12 13.59 499.22-0.42 13.05 479.51 Bank of Canada Noon exchange rate was 0.9666 up 0.0039 Chicago wheat closed moderately lower. SEP11 HI 6.55 1/2 JUL12 HI 7.60 LOW 6.26 1/4 LOW 7.30 3/4 CLOSE 6.39 1/4 Down 12 CLOSE 7.42 1/4 Down 15 Minni wheat closed moderately lower to lower. SEP11 HI 8.21 SEP12 HI 8.05 1/4 LOW 7.91 LOW 7.93 1/2 CLOSE 7.94 1/4 Down 22 3/4 CLOSE 7.99 Down 16 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.09 0.44 -0.63 -0.29 CAD $/bu 6.30 6.83 5.77 7.66 CAD $/tonne 231.45 251.06 211.85 281.36 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 0.10 -0.90 N/A N/A -0.55 -1.55 N/A London -0.34 0.05 -0.92 N/A N/A -0.76 -1.59 N/A Hensall -0.25 N/A -0.90 N/A -0.70 N/A -1.55 N/A Trenton N/A N/A -0.70 N/A N/A N/A -1.35 N/A Winchester N/A N/A N/A -1.05 N/A N/A N/A N/A Essex N/A N/A -0.93 N/A N/A N/A -1.49 N/A Norwich -0.25 N/A -0.90 N/A -0.70 N/A -1.55 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.25 N/A -0.90 N/A -0.70 N/A -1.55 N/A Chatham N/A 0.14 -0.78 N/A N/A -0.64 -1.49 N/A Brigden N/A 0.14 -0.78 N/A N/A -0.64 -1.49 N/A Palmerston N/A -0.02 -0.89 -0.34 N/A -0.76 -1.63 -0.60 Varna 0.10 0.10 -0.90 N/A -0.60 -0.60 -1.60 N/A Mitchell -0.25 0.10 -0.70 N/A -0.70 -0.55 -1.55 N/A Thornton N/A N/A N/A -0.92 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 0.05 0.78 0.00N/A N/A N/A N/A N/A Toledo El. 6.31US 6.12CA N/A GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.57 0.31 -1.05 -0.68 CAD $/bu 6.86 7.73 6.37 7.31 CAD $/tonne 251.91 284.20 233.98 268.68 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 300.00 Bayport Oats 307.00 Bayport Barley 280.00 FOB Hm Soymeal 402.02 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00