FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.026 up 0.0009 Chicago corn closed slightly higher. JUL12 HI 6.00 1/2 DEC12 HI 5.67 1/2 LOW 5.88 LOW 5.53 1/2 CLOSE5.90 1/4 Up 3 3/4 CLOSE 5.54 Up 4 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 5.75 226.47 -0.70 4.84 190.54 CK High 0.00 5.90 232.37 -0.67 4.87 191.72 CK Avg -0.09 -0.25 5.81 228.76 -0.70 -0.84 4.85 190.74 Essex Cty -0.20 5.70 224.50 -0.70 4.84 190.54 Mdsx Low -0.10 5.80 228.43 -0.70 4.84 190.54 Mdsx High -0.10 5.80 228.43 -0.70 4.84 190.54 Mdsx Avg -0.10 -0.26 5.80 228.43 -0.70 -0.85 4.84 190.54 Hensall -0.10 5.80 228.43 -0.70 4.84 190.54 Bruce -0.10 5.80 228.43 -0.70 4.84 190.54 Putnam -0.10 5.80 228.43 -0.70 4.84 190.54 Burford -0.10 5.80 228.43 -0.70 4.84 190.54 Port Perry -0.10 5.80 228.43 -0.70 4.84 190.54 Norfolk 0.00 5.90 232.37 -0.67 4.87 191.72 Palmerston -0.15 5.75 226.47 -0.65 4.89 192.51 Varna -0.15 5.75 226.47 -0.55 4.99 196.45 Trenton 0.15 6.05 238.28 -0.65 4.89 192.51 Winchester 0.20 6.10 240.24 -0.50 5.04 198.42 North Gower 0.14 6.04 237.88 -0.60 4.94 194.48 Huron FOB -0.05 5.85 230.40 -0.65 4.89 192.51 Kent FOB 0.00 5.90 232.37 -0.67 4.87 191.72 Lamb FOB 0.00 5.90 232.37 -0.67 4.87 191.72 Mdsx FOB 0.15 0.15 0.60N/A 6.05 238.28 -0.70 4.84 190.54 FOB SW Que 0.10 6.00 236.31 -0.15 5.39 212.19 Track 0.25 6.15 242.21N/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 5.14 202.35 Aylmer-Eth -0.25 0.30 0.35 0.55 5.65 222.53 -0.60 4.94 194.48 Sarn-Eth N/A N/A N/A 0.75 N/A Cllngwd-Eth -0.10N/A N/A N/A 5.80 228.43-0.30* 5.24 206.29 London-Cas N/A N/A 0.85 0.95 -0.50 5.04 198.42 Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.40 5.14 202.35 Cardnl-Cas N/A N/A 1.05 1.00 -0.40 5.14 202.35 W O Feed 0.26 0.23 6.16 242.61 US Rep 0.70 0.67 6.60 259.93 Toledo El. 0.34 6.24 245.71 -0.34 5.20 204.76 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.25 6.15242 1/5 -0.45 5.09200 3/8 MID SD CRN -0.68 1/2 4.85 1/2 HI SD CRN -0.67 4.87 *Wet Bid Bank of Canada Noon exchange rate was 1.026 up 0.0009 Chicago soybeans closed slightly higher. JUL12 HI 14.64 1/4 NOV12 HI 13.90 LOW 14.35 LOW 13.73 CLOSE14.41 1/2 Up 3 CLOSE 13.75 1/2 Up 4 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.47 13.95 512.39-0.40 13.36 490.71 CK High -0.32 14.10 517.90-0.25 13.51 496.22 CK Average -0.39 -0.7814.03 515.39-0.35-0.7213.41 492.67 Essex Cty -0.17 14.25 523.41-0.16 13.60 499.53 Mdsx Low -0.37 14.05 516.07-0.35 13.41 492.55 Mdsx High -0.32 14.10 517.90-0.27 13.49 495.49 Mdsx Average -0.35 -0.7314.07 516.98-0.31-0.6813.45 494.02 Hensall -0.40 14.02 515.15-0.35 13.41 492.55 Bruce -0.37 14.05 516.07-0.35 13.41 492.55 Putnam -0.37 14.05 516.07-0.35 13.41 492.55 Burford -0.32 14.10 517.90-0.27 13.49 495.49 Port Perry -0.35 14.07 516.80-0.32 13.44 493.65 Norfolk -0.31 14.11 518.27-0.27 13.49 495.49 Palmerston -0.47 13.95 512.39-0.40 13.36 490.71 Varna -0.45 13.97 513.13-0.40 13.36 490.71 Trenton -0.55 13.87 509.45-0.25 13.51 496.22 Winchester -0.57 13.85 508.72-0.15 13.61 499.90 North Gower -0.51 13.91 510.92-0.18 13.58 498.80 Huron FOB -0.32 14.10 517.90-0.25 13.51 496.22 Kent FOB -0.35 14.07 516.80-0.32 13.44 493.65 Lambton FOB -0.35 14.07 516.80-0.32 13.44 493.65 Middlesex FOB-0.32-0.210.17 N/A 14.10 517.90-0.07 13.69 502.84 PROCESSORS Hamilton -0.020.14 0.50 0.65 14.40 528.930.30 14.06 516.43 Windsor 0.06 0.06 0.11 N/A 14.48 531.870.07 13.83 507.98 Winchester -0.32 14.10 517.90-0.22 13.54 497.33 TRANSFER Hamilton 0.00 N/A N/A N/A 14.42 529.660.25 14.01 514.60 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.10 14.52 533.330.32 14.08 517.17 Toledo El. -0.15 14.26 524.00-0.29 13.47 494.84 Bank of Canada Noon exchange rate was 1.026 up 0.0009 Chicago wheat closed moderately higher. JUL12 HI 6.84 3/4 JUL12 HI 6.84 3/4 LOW 6.57 3/4 LOW 6.57 3/4 CLOSE 6.73 1/4 Up 11 1/2 CLOSE 6.73 1/4 Up 11 1/2 Minni wheat closed moderately higher. JUL12 HI 8.86 1/2 SEP12 HI 7.92 1/4 LOW 8.40 LOW 7.66 CLOSE 8.61 Up 17 1/4 CLOSE 7.82 Up 12 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.02 0.75 0.03 -0.18 CAD $/bu 6.71 7.48 6.76 8.43 CAD $/tonne 246.51 274.81 248.40 309.81 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 -0.22 0.24 -0.32 N/A 0.35 0.35 -0.32 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 -0.47 N/A N/A N/A -0.47 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 0.30 -0.37 N/A Brigden N/A N/A N/A N/A N/A 0.30 -0.37 N/A Palmerston N/A 0.42 -0.20 -0.03 N/A 0.61 -0.20 -0.34 Varna -0.25 0.20 -0.30 N/A 0.54 0.54 -0.26 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 -0.63 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 -0.09 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 0.75 1.35 0.49N/A Toledo El. N/A 6.80US 6.99CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.39 0.80 -0.02 -0.30 CAD $/bu 7.12 7.53 6.71 7.52 CAD $/tonne 261.61 276.70 246.51 276.23 (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 515.56 DDG's FOB Srn, Wndr, Aylm 220.00 - 225.00