FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 26 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9449 up 0.0000 Chicago corn closed higher. SEP11 HI 6.90 1/2 DEC11 HI 6.87 1/4 LOW 6.75 1/2 LOW 6.71 1/2 CLOSE6.89 3/4 Up 11 CLOSE 6.86 3/4 Up 12 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 0.65 7.55 297.13 -0.30 6.57 258.55 CK High 0.75 7.65 301.07 -0.30 6.57 258.55 CK Avg 0.73 1.12 7.63 300.41 -0.30 0.04 6.57 258.55 Essex Cty 0.65 7.55 297.13 -0.30 6.57 258.55 Mdsx Low 0.65 7.55 297.13 -0.30 6.57 258.55 Mdsx High 0.75 7.65 301.07 -0.30 6.57 258.55 Mdsx Avg 0.72 1.10 7.61 299.76 -0.30 0.04 6.57 258.55 Hensall 0.73 7.62 300.08 -0.30 6.57 258.55 Bruce 0.75 7.65 301.07 -0.30 6.57 258.55 Putnam 0.75 7.65 301.07 -0.30 6.57 258.55 Princeton 0.65 7.55 297.13 -0.30 6.57 258.55 Durham 0.75 7.65 301.07 -0.35 6.52 256.58 Norfolk 0.75 7.65 301.07 -0.30 6.57 258.55 Palmerston 0.70 7.60 299.10 -0.30 6.57 258.55 Varna 0.70 7.60 299.10 -0.30 6.57 258.55 Trenton 0.90 7.80 306.97 -0.35 6.52 256.58 Winchester 1.10 8.00 314.85 -0.45 6.42 252.65 North Gower 0.60 7.50 295.16 -0.65 6.22 244.77 Huron FOB 0.50 7.40 291.23 -0.20 6.67 262.49 Kent FOB 0.75 7.65 301.07 -0.30 6.57 258.55 Lamb FOB 0.75 7.65 301.07 -0.30 6.57 258.55 Mdsx FOB 0.80 0.90N/A N/A 7.70 303.04 -0.35 6.52 256.58 FOB SW Que 0.35 7.25 285.32 -0.60 6.27 246.74 Track 1.23 8.12 319.77N/A PROCESSORS Chat-Eth N/A 0.80 1.15 1.25 N/A Jhnstwn-Eth N/A N/A 1.25 1.30 -0.35 6.52 256.58 Aylmer-Eth N/A 0.95 1.05 1.10 -0.30 6.57 258.55 Sarn-Eth N/A 0.85 1.10 1.25 -0.30 6.57 258.55 Cllngwd-Eth N/A N/A N/A N/A -0.55* 6.32 248.71 London-Cas N/A 0.55 1.10 1.20 -0.75 6.12 240.84 Pt.Colb-Cas N/A 0.70 1.25 1.30 -0.70 6.17 242.80 Cardnl-Cas N/A 0.65 1.20 1.30 -0.85 6.02 236.90 W O Feed 1.17 1.23 8.07 317.76 US Rep 1.20 1.25 8.10 318.78 Toledo El. 0.56 7.45 293.48 -0.25 6.62 260.63 TRANSFER Sarnia 0.65 7.55 297.13 -0.30 6.57258 5/9 Pt. Stanley 0.70 7.60 299.10 -0.56 6.31248 1/3 Hamilton N/A -0.52 6.35249 8/9 MID SD CRN -0.30 6.56 3/4 HI SD CRN -0.30 6.56 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9449 up 0.0000 Chicago soybeans closed moderately higher. NOV11 HI 13.90 NOV11 HI 13.90 LOW 13.69 1/4 LOW 13.69 1/4 CLOSE13.88 3/4 Up 16 3/4 CLOSE 13.88 3/4 Up 16 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -1.18 12.71 466.92-1.58 12.31 452.22 CK High -1.10 12.79 469.86-1.49 12.40 455.53 CK Average -1.14 -0.3712.75 468.45-1.54-0.8612.35 453.63 Essex Cty -1.13 12.76 468.76-1.55 12.34 453.33 Mdsx Low -1.22 12.67 465.45-1.55 12.34 453.33 Mdsx High -1.10 12.79 469.86-1.50 12.39 455.16 Mdsx Average -1.17 -0.3912.72 467.41-1.53-0.8512.35 453.94 Hensall -1.10 12.79 469.86-1.55 12.34 453.33 Bruce -1.10 12.79 469.86-1.50 12.39 455.16 Putnam -1.10 12.79 469.86-1.50 12.39 455.16 Princeton -1.14 12.75 468.39-1.55 12.34 453.33 Durham -1.18 12.71 466.92-1.55 12.34 453.33 Norfolk -1.10 12.79 469.86-1.53 12.36 454.06 Palmerston -1.10 12.79 469.86-1.55 12.34 453.33 Varna -1.10 12.79 469.86-1.55 12.34 453.33 Trenton -1.30 12.59 462.51-1.20 12.69 466.19 Winchester -1.11 12.78 469.49-1.28 12.61 463.25 North Gower -1.15 12.74 468.02-1.15 12.74 468.02 Huron FOB -0.95 12.94 475.37-1.45 12.44 457.00 Kent FOB -1.15 12.74 468.02-1.58 12.31 452.22 Lambton FOB -1.15 12.74 468.02-1.58 12.31 452.22 Middlesex FOB-1.04-1.00 N/A N/A 12.85 472.06-1.29 12.60 462.88 PROCESSORS Hamilton -0.68-0.73-0.78 N/A 13.21 485.29-1.17 12.72 467.29 Windsor -0.74-0.74 N/A N/A 13.15 483.09-1.21 12.68 465.82 Winchester -1.08 12.81 470.60-1.18 12.71 466.92 TRANSFER Hamilton -0.80 N/A N/A N/A 13.09 480.88-1.00 12.89 473.53 Pt. Stanley -1.25 12.64 464.35-1.45 12.44 457.00 Sarnia -1.15 12.74 468.02-1.13 12.76 468.76 Owen Sound N/A N/A Sorel QC -0.75 13.14 482.72-0.75 13.14 482.72 Toledo El. 0.02 13.91 510.97-0.41 13.48 495.25 Bank of Canada Noon exchange rate was 0.9449 up 0.0000 Chicago wheat closed slightly higher. SEP11 HI 6.99 JUL12 HI 7.97 1/4 LOW 6.79 1/4 LOW 7.79 1/2 CLOSE 6.94 Up 5 1/2 CLOSE 7.93 1/4 Up 3 3/4 Minni wheat closed slightly higher. SEP11 HI 8.43 SEP12 HI 8.51 LOW 8.24 LOW 8.32 CLOSE 8.39 Up 8 1/4 CLOSE 8.48 3/4 Up 6 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.24 0.32 -0.62 -0.37 CAD $/bu 6.70 7.26 6.32 8.02 CAD $/tonne 246.02 266.84 232.14 294.60 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 0.00 -0.90 N/A N/A -0.75 -1.60 N/A London -0.35 -0.01 -0.91 N/A N/A -0.83 -1.63 N/A Hensall -0.30 N/A -0.90 N/A -0.70 N/A -1.60 N/A Trenton N/A N/A -0.60 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 -0.78 N/A N/A N/A -1.62 N/A Norwich -0.30 N/A -0.90 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 -0.30 N/A -0.90 N/A -0.70 N/A -1.60 N/A Chatham N/A 0.15 -0.84 N/A N/A -0.76 -1.56 N/A Brigden N/A 0.15 -0.84 N/A N/A -0.76 -1.56 N/A Palmerston N/A 0.08 -0.91 -0.33 N/A -0.74 -1.50 -0.40 Varna 0.10 0.10 -0.85 N/A -0.55 -0.55 -1.55 N/A Mitchell -0.30 0.00 -0.75 N/A -0.70 -0.60 -1.60 N/A Thornton N/A N/A N/A -1.04 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 -0.21 0.36 -0.59 N/A -0.84 -0.36 -1.27 N/A Hamilton N/A N/A -0.65 N/A N/A N/A -1.30 N/A Pt. Stanley N/A N/A -1.05 N/A N/A N/A -1.75 N/A PROCESSORS Toledo FM -0.10 0.56 -0.10N/A N/A N/A N/A N/A Toledo El. 6.96US 6.57CA N/A GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.77 -0.20 -1.24 -0.80 CAD $/bu 7.16 7.73 6.69 7.69 CAD $/tonne 263.22 284.18 245.74 282.61 (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 300.00 Bayport Barley 275.00 FOB Hm Soymeal 403.78 - 405.99 DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00