FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 29 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9538 up 0.0054 Chicago corn closed lower. SEP11 HI 6.84 1/2 DEC11 HI 6.89 1/4 LOW 6.62 1/4 LOW 6.65 1/2 CLOSE6.65 1/2 Down 16 3/4 CLOSE 6.68 3/4 Down 17 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +DEC11+DEC11+DEC11 CK Low 0.65 7.31 287.59 -0.35 6.34 249.50 CK High 0.80 7.46 293.49 -0.30 6.39 251.46 CK Avg 0.78 1.06 7.43 292.51 -0.32 -0.06 6.37 250.81 Essex Cty 0.65 7.31 287.59 -0.30 6.39 251.46 Mdsx Low 0.65 7.31 287.59 -0.35 6.34 249.50 Mdsx High 0.80 7.46 293.49 -0.30 6.39 251.46 Mdsx Avg 0.75 1.04 7.41 291.52 -0.32 -0.06 6.37 250.81 Hensall 0.80 7.46 293.49 -0.33 6.36 250.48 Bruce 0.80 7.46 293.49 -0.35 6.34 249.50 Putnam 0.80 7.46 293.49 -0.35 6.34 249.50 Princeton 0.65 7.31 287.59 -0.30 6.39 251.46 Durham 0.80 7.46 293.49 -0.35 6.34 249.50 Norfolk 0.80 7.46 293.49 -0.30 6.39 251.46 Palmerston 0.80 7.46 293.49 -0.30 6.39 251.46 Varna 0.80 7.46 293.49 -0.35 6.34 249.50 Trenton 0.90 7.56 297.43 -0.35 6.34 249.50 Winchester 1.10 7.76 305.30 -0.35 6.34 249.50 North Gower 0.65 7.31 287.59 -0.65 6.04 237.69 Huron FOB 0.80 7.46 293.49 -0.30 6.39 251.46 Kent FOB 0.80 7.46 293.49 -0.30 6.39 251.46 Lamb FOB 0.80 7.46 293.49 -0.30 6.39 251.46 Mdsx FOB 0.80N/A N/A N/A 7.46 293.49 -0.35 6.34 249.50 FOB SW Que 0.40 7.06 277.74 -0.60 6.09 239.65 Track 1.25 7.91 311.21N/A PROCESSORS Chat-Eth 0.80 1.15 1.25N/A 7.46 293.49N/A Jhnstwn-Eth N/A 1.25 1.30N/A -0.35 6.34 249.50 Aylmer-Eth 0.95 1.05 1.10N/A 7.61 299.40 -0.30 6.39 251.46 Sarn-Eth 0.85 1.10 1.25N/A 7.51 295.46 -0.30 6.39 251.46 Cllngwd-Eth N/A N/A N/A N/A -0.55* 6.14 241.62 London-Cas 0.55 1.10 1.20N/A 7.21 283.65 -0.75 5.94 233.75 Pt.Colb-Cas 0.70 1.25 1.30N/A 7.36 289.55 -0.70 5.99 235.72 Cardnl-Cas 0.65 1.20 1.30N/A 7.31 287.59 -0.85 5.84 229.81 W O Feed 1.19 1.23 7.85 308.84 US Rep 1.30 1.34 7.96 313.17 Toledo El. 0.56 7.22 284.21 -0.23 6.46 254.19 TRANSFER Sarnia 0.65 7.31 287.59 -0.30 6.39251 1/2 Pt. Stanley 0.75 7.41 291.52 -0.52 6.17242 4/5 Hamilton N/A -0.38 6.31248 1/3 MID SD CRN -0.32 1/2 6.36 1/4 HI SD CRN -0.30 6.38 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9538 up 0.0054 Chicago soybeans closed moderately lower. NOV11 HI 13.77 3/4 NOV11 HI 13.77 3/4 LOW 13.51 1/2 LOW 13.51 1/2 CLOSE13.57 1/4 Down 14 1/4 CLOSE 13.57 1/4 Down 14 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -1.18 12.39 455.35-1.56 12.01 441.38 CK High -0.95 12.62 463.80-1.32 12.25 450.20 CK Average -1.06 -0.4712.52 459.94-1.46-0.9412.11 445.12 Essex Cty -1.13 12.44 457.18-1.55 12.02 441.75 Mdsx Low -1.18 12.39 455.35-1.55 12.02 441.75 Mdsx High -1.04 12.53 460.49-1.37 12.20 448.37 Mdsx Average -1.11 -0.5212.47 458.04-1.49-0.9712.08 443.96 Hensall -1.10 12.47 458.29-1.55 12.02 441.75 Bruce -1.10 12.47 458.29-1.55 12.02 441.75 Putnam -1.10 12.47 458.29-1.55 12.02 441.75 Princeton -1.14 12.43 456.82-1.55 12.02 441.75 Durham -1.00 12.57 461.96-1.37 12.20 448.37 Norfolk -0.90 12.67 465.63-1.33 12.24 449.83 Palmerston -1.10 12.47 458.29-1.55 12.02 441.75 Varna -1.10 12.47 458.29-1.55 12.02 441.75 Trenton N/A -1.35 12.22 449.10 Winchester -1.29 12.28 451.30-1.29 12.28 451.30 North Gower -1.15 12.42 456.45-1.15 12.42 456.45 Huron FOB -0.95 12.62 463.80-1.40 12.17 447.26 Kent FOB -0.95 12.62 463.80-1.38 12.19 448.00 Lambton FOB -0.95 12.62 463.80-1.38 12.19 448.00 Middlesex FOB-0.80-0.76 N/A N/A 12.77 469.31-1.11 12.46 457.92 PROCESSORS Hamilton -0.49-0.59 N/A N/A 13.08 480.70-1.00 12.57 461.96 Windsor -0.53-0.53 N/A N/A 13.04 479.23-1.02 12.55 461.23 Winchester -1.19 12.38 454.98-1.19 12.38 454.98 TRANSFER Hamilton -0.70 N/A N/A N/A 12.87 472.98-0.90 12.67 465.63 Pt. Stanley -1.15 12.42 456.45-1.35 12.22 449.10 Sarnia -1.15 12.42 456.45-1.13 12.44 457.18 Owen Sound N/A N/A Sorel QC -0.65 12.92 474.82-0.65 12.92 474.82 Toledo El. 0.02 13.59 499.41-0.41 13.16 483.51 Bank of Canada Noon exchange rate was 0.9538 up 0.0054 Chicago wheat closed moderately lower to lower. SEP11 HI 7.00 JUL12 HI 7.99 3/4 LOW 6.69 3/4 LOW 7.71 3/4 CLOSE 6.72 1/2 Down 20 3/4 CLOSE 7.73 Down 19 3/4 Minni wheat closed moderately lower. SEP11 HI 8.51 1/2 SEP12 HI 8.36 LOW 8.26 3/4 LOW 8.29 1/2 CLOSE 8.30 3/4 Down 16 CLOSE 8.29 1/2 Down 17 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.15 0.43 -0.53 -0.27 CAD $/bu 6.58 7.15 6.19 8.04 CAD $/tonne 241.64 262.73 227.58 295.51 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 -0.75 -1.65 N/A London -0.25 0.18 -0.78 N/A N/A -0.68 -1.49 N/A Hensall -0.30 N/A -0.90 N/A -0.70 N/A -1.65 N/A Trenton N/A N/A -0.75 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 -1.57 N/A Norwich -0.30 N/A -0.90 N/A -0.70 N/A -1.65 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 -0.90 N/A -0.70 N/A -1.65 N/A Chatham N/A 0.20 -0.75 N/A N/A -0.71 -1.47 N/A Brigden N/A 0.20 -0.75 N/A N/A -0.71 -1.47 N/A Palmerston N/A 0.18 -0.82 -0.21 N/A -0.63 -1.49 -0.40 Varna -0.30 0.10 -0.90 N/A -0.65 -0.65 -1.65 N/A Mitchell -0.30 0.05 -0.75 N/A -0.70 -0.65 -1.65 N/A Thornton N/A N/A N/A -1.07 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 -0.18 0.39 -0.60 N/A -0.64 -0.26 -1.27 N/A Hamilton N/A N/A -0.70 N/A N/A N/A -1.30 N/A Pt. Stanley N/A N/A -1.10 N/A N/A N/A -1.75 N/A PROCESSORS Toledo FM N/A 0.66 -0.10N/A N/A N/A -0.49N/A Toledo El. 6.75US 6.45CA N/A GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.68 -0.10 -1.16 -0.70 CAD $/bu 7.05 7.63 6.57 7.59 CAD $/tonne 258.97 280.17 241.31 278.93 (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 393.09 DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00