FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, June 21 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0251 up 0.0057 Chicago corn closed lower. JUL12 HI 6.11 1/2 DEC12 HI 5.68 LOW 5.86 1/2 LOW 5.48 1/4 CLOSE5.89 1/2 Down 22 1/4 CLOSE 5.50 Down 16 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP12+SEP12+SEP12 CK Low -0.15 5.75 226.17 -0.70 4.80 188.97 CK High -0.10 5.80 228.14 -0.65 4.85 190.94 CK Avg -0.11 -0.29 5.79 227.81 -0.68 -0.85 4.82 189.62 Essex Cty -0.11 5.79 227.75 -0.65 4.85 190.94 Mdsx Low -0.10 5.80 228.14 -0.70 4.80 188.97 Mdsx High -0.10 5.80 228.14 -0.70 4.80 188.97 Mdsx Avg -0.10 -0.28 5.80 228.14 -0.70 -0.87 4.80 188.97 Hensall -0.06 5.84 229.91 -0.68 4.83 189.95 Bruce -0.10 5.80 228.14 -0.70 4.80 188.97 Putnam -0.10 5.80 228.14 -0.70 4.80 188.97 Burford -0.10 5.80 228.14 -0.70 4.80 188.97 Port Perry -0.10 5.80 228.14 -0.70 4.80 188.97 Norfolk -0.10 5.80 228.14 -0.65 4.85 190.94 Palmerston -0.15 5.75 226.17 -0.65 4.85 190.94 Varna -0.15 5.75 226.17 -0.55 4.95 194.87 Trenton 0.15 6.05 237.98 -0.65 4.85 190.94 Winchester 0.20 6.10 239.95 -0.50 5.00 196.84 North Gower 0.10 6.00 236.01 -0.63 4.87 191.72 Huron FOB -0.01 5.89 231.68 -0.60 4.90 192.90 Kent FOB -0.10 5.80 228.14 -0.65 4.85 190.94 Lamb FOB -0.10 5.80 228.14 -0.65 4.85 190.94 Mdsx FOB -0.10N/A N/A N/A 5.80 228.14 -0.70 4.80 188.97 FOB SW Que 0.20 6.10 239.95 -0.30 5.20 204.71 Track 0.25 6.15 241.92N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A -0.40 5.10 200.78 Aylmer-Eth -0.25 0.30 0.35 0.55 5.65 222.23 -0.60 4.90 192.90 Sarn-Eth N/A N/A 0.75 0.85 N/A Cllngwd-Eth -0.10N/A N/A N/A 5.80 228.14-0.30* 5.20 204.71 London-Cas N/A N/A 0.85 0.95 -0.50 5.00 196.84 Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.45 5.05 198.81 Cardnl-Cas N/A N/A 1.15 1.00 -0.45 5.05 198.81 W O Feed 0.26 0.23 6.16 242.31 US Rep 0.70 0.67 6.60 259.63 Toledo El. 0.34 6.24 245.46 -0.34 5.16 203.14 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.26 6.16242 1/3 -0.45 5.05198 4/5 MID SD CRN -0.67 1/2 4.82 1/2 HI SD CRN -0.65 4.851 *Wet Bid Bank of Canada Noon exchange rate was 1.0251 up 0.0057 Chicago soybeans closed slightly lower to lower. JUL12 HI 14.56 1/2 NOV12 HI 13.93 LOW 14.31 LOW 13.71 CLOSE14.39 Down 7 1/2 CLOSE 13.71 1/4 Down 24 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.70 13.69 503.02-0.45 13.26 487.31 CK High -0.25 14.14 519.56-0.35 13.36 490.99 CK Average -0.41 -0.8513.98 513.62-0.41-0.8213.31 488.97 Essex Cty -0.14 14.25 523.60-0.14 13.57 498.70 Mdsx Low -0.39 14.00 514.41-0.40 13.31 489.15 Mdsx High -0.38 14.01 514.78-0.37 13.34 490.25 Mdsx Average -0.39 -0.8214.01 514.60-0.39-0.8013.33 489.70 Hensall -0.39 14.00 514.41-0.40 13.31 489.15 Bruce -0.39 14.00 514.41-0.40 13.31 489.15 Putnam -0.39 14.00 514.41-0.40 13.31 489.15 Burford -0.38 14.01 514.78-0.37 13.34 490.25 Port Perry -0.41 13.98 513.68-0.40 13.31 489.15 Norfolk -0.33 14.06 516.62-0.33 13.38 491.72 Palmerston -0.44 13.95 512.57-0.40 13.31 489.15 Varna -0.45 13.94 512.21-0.40 13.31 489.15 Trenton -0.35 14.04 515.88-0.40 13.31 489.15 Winchester -0.42 13.97 513.31-0.32 13.39 492.09 North Gower -0.39 14.00 514.41-0.18 13.53 497.23 Huron FOB -0.35 14.04 515.88-0.35 13.36 490.99 Kent FOB -0.37 14.02 515.15-0.38 13.33 489.89 Lambton FOB -0.37 14.02 515.15-0.38 13.33 489.89 Middlesex FOB-0.32-0.18 N/A N/A 14.07 516.98-0.17 13.54 497.60 PROCESSORS Hamilton 0.06 0.21 0.40 0.55 14.45 530.950.20 13.91 511.20 Windsor 0.09 -0.09 N/A N/A 14.48 532.050.09 13.80 507.16 Winchester -0.36 14.03 515.51-0.21 13.50 496.13 TRANSFER Hamilton 0.00 N/A N/A N/A 14.39 528.740.30 14.01 514.87 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.15 14.54 534.250.35 14.06 516.71 Toledo El. -0.15 14.24 523.06-0.29 13.42 493.25 Bank of Canada Noon exchange rate was 1.0251 up 0.0057 Chicago wheat closed slightly lower. JUL12 HI 6.82 JUL12 HI 6.82 LOW 6.55 LOW 6.55 CLOSE 6.60 Down 4 CLOSE 6.60 Down 4 Minni wheat closed slightly to moderately lower. JUL12 HI 8.76 SEP12 HI 7.97 LOW 8.40 LOW 7.66 1/2 CLOSE 8.43 3/4 Down 1/2 CLOSE 7.69 3/4 Down 14 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.01 0.77 0.05 -0.16 CAD $/bu 6.59 7.37 6.65 8.28 CAD $/tonne 242.31 270.70 244.20 304.30 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 N/A N/A N/A N/A 0.30 -0.30 N/A London -0.26 0.20 -0.37 N/A 0.30 0.30 -0.37 N/A Hensall -0.25 N/A -0.25 N/A 0.40 N/A -0.30 N/A Trenton N/A N/A N/A N/A N/A N/A -0.45 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.38 Essex N/A N/A -0.31 N/A N/A N/A -0.31 N/A Norwich -0.25 N/A -0.30 N/A 0.40 N/A -0.30 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 -0.30 N/A 0.40 N/A -0.40 N/A Chatham N/A N/A N/A N/A N/A 0.23 -0.43 N/A Brigden N/A N/A N/A N/A N/A 0.23 -0.43 N/A Palmerston N/A 0.36 -0.25 -0.09 N/A N/A N/A -0.40 Varna -0.25 0.20 -0.30 N/A N/A N/A N/A N/A Mitchell -0.25 0.05 -0.25 N/A 0.40 0.40 -0.30 N/A Thornton N/A N/A N/A -0.81 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.14 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.00 N/A N/A N/A -0.10 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A N/A N/A 0.77 1.42 0.51N/A Toledo El. N/A 6.67US 6.87CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.41 0.82 -0.01 -0.28 CAD $/bu 7.01 7.42 6.59 7.42 CAD $/tonne 257.45 272.60 242.31 272.50 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 325.00 Bayport Oats 320.00 Bayport Barley 325.00 FOB Hm Soymeal 518.65 DDG's FOB Srn, Wndr, Aylm 205.00 - 225.00