FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, June 25 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0303 up 0.0043 Chicago corn closed limit up. SEP12 HI 5.91 1/4 DEC12 HI 5.94 LOW 5.65 3/4 LOW 5.89 CLOSE5.91 1/4 Up 40 CLOSE 5.94 Up 40 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP12+SEP12+DEC12 CK Low 0.22 6.13 241.43 -0.70 5.24 206.29 CK High 0.35 6.26 246.54 -0.70 5.24 206.29 CK Avg 0.31 0.13 6.22 244.97 -0.70 -0.88 5.24 206.29 Essex Cty 0.20 6.11 240.64 -0.70 5.24 206.29 Mdsx Low 0.30 6.21 244.58 -0.70 5.24 206.29 Mdsx High 0.32 6.23 245.36 -0.70 5.24 206.29 Mdsx Avg 0.31 0.13 6.22 244.97 -0.70 -0.88 5.24 206.29 Hensall 0.31 6.22 244.97 -0.70 5.24 206.29 Bruce 0.32 6.23 245.36 -0.70 5.24 206.29 Putnam 0.32 6.23 245.36 -0.70 5.24 206.29 Burford 0.30 6.21 244.58 -0.70 5.24 206.29 Port Perry 0.30 6.21 244.58 -0.70 5.24 206.29 Norfolk 0.35 6.26 246.54 -0.70 5.24 206.29 Palmerston 0.22 6.13 241.43 -0.65 5.29 208.26 Varna 0.32 6.23 245.36 -0.65 5.29 208.26 Trenton 0.22 6.13 241.43 -0.65 5.29 208.26 Winchester 0.57 6.48 255.20 -0.50 5.44 214.16 North Gower 0.55 6.46 254.42 -0.60 5.34 210.23 Huron FOB 0.45 6.36 250.48 -0.70 5.24 206.29 Kent FOB 0.35 6.26 246.54 -0.70 5.24 206.29 Lamb FOB 0.35 6.26 246.54 -0.70 5.24 206.29 Mdsx FOB 0.30N/A 0.40N/A 6.21 244.58 -0.70 5.24 206.29 FOB SW Que 0.47 6.38 251.27 -0.15 5.79 227.94 Track 0.46 6.37 250.87N/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 5.54 218.10 Aylmer-Eth 0.12 0.30 0.35 0.35 6.03 237.49 -0.60 5.34 210.23 Sarn-Eth N/A N/A N/A 0.75 N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.64 222.04 London-Cas N/A N/A 0.80 0.95 -0.55 5.39 212.19 Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.50 5.44 214.16 Cardnl-Cas N/A N/A 1.05 1.00 -0.50 5.44 214.16 W O Feed 0.26 0.23 6.17 243.00 US Rep 0.70 0.67 6.61 260.32 Toledo El. 0.31 6.22 244.94 -0.34 5.60 220.45 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.25 6.16242 3/5 -0.45 5.49216 1/8 MID SD CRN -0.70 5.24 HI SD CRN -0.70 5.24 *Wet Bid Bank of Canada Noon exchange rate was 1.0303 up 0.0043 Chicago soybeans closed higher to sharply higher. JUL12 HI 14.91 1/4 NOV12 HI 14.36 LOW 14.58 1/2 LOW 14.17 CLOSE14.82 3/4 Up 40 1/4 CLOSE 14.25 Up 49 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.45 14.38 528.28-0.40 13.85 508.90 CK High -0.30 14.53 533.79-0.25 14.00 514.41 CK Average -0.37 -0.8314.46 531.28-0.37-0.8113.89 510.19 Essex Cty -0.11 14.72 540.78-0.10 14.15 519.92 Mdsx Low -0.35 14.48 531.96-0.45 13.80 507.06 Mdsx High -0.31 14.52 533.43-0.32 13.93 511.84 Mdsx Average -0.33 -0.7914.50 532.69-0.39-0.8313.87 509.45 Hensall -0.38 14.45 531.04-0.40 13.85 508.90 Bruce -0.35 14.48 531.96-0.45 13.80 507.06 Putnam -0.35 14.48 531.96-0.45 13.80 507.06 Burford -0.31 14.52 533.43-0.32 13.93 511.84 Port Perry -0.34 14.49 532.32-0.35 13.90 510.74 Norfolk -0.31 14.52 533.43-0.32 13.93 511.84 Palmerston -0.40 14.43 530.12-0.35 13.90 510.74 Varna -0.40 14.43 530.12-0.45 13.80 507.06 Trenton -0.53 14.30 525.34-0.25 14.00 514.41 Winchester -0.55 14.28 524.61-0.15 14.10 518.09 North Gower -0.29 14.54 534.16-0.18 14.07 516.98 Huron FOB -0.30 14.53 533.79-0.20 14.05 516.25 Kent FOB -0.35 14.48 531.96-0.37 13.88 510.00 Lambton FOB -0.35 14.48 531.96-0.37 13.88 510.00 Middlesex FOB-0.20-0.200.16 N/A 14.63 537.47-0.03 14.22 522.50 PROCESSORS Hamilton 0.00 0.15 0.50 0.65 14.83 544.820.30 14.55 534.62 Windsor 0.12 0.12 0.18 N/A 14.95 549.230.13 14.38 528.37 Winchester -0.47 14.36 527.55-0.05 14.20 521.76 TRANSFER Hamilton 0.30 N/A N/A N/A 15.13 555.840.25 14.50 532.78 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.10 14.93 548.490.32 14.57 535.36 Toledo El. -0.15 14.67 539.13-0.29 13.96 512.99 Bank of Canada Noon exchange rate was 1.0303 up 0.0043 Chicago wheat closed sharply higher. JUL12 HI 7.25 1/4 JUL12 HI 7.25 1/4 LOW 6.82 LOW 6.82 CLOSE 7.24 1/4 Up 51 CLOSE 7.24 1/4 Up 51 Minni wheat closed moderately higher to higher. JUL12 HI 9.03 1/4 SEP12 HI 8.22 LOW 8.60 1/4 LOW 7.81 3/4 CLOSE 8.74 1/2 Up 15 1/2 CLOSE 8.13 1/2 Up 35 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.02 0.79 0.07 -0.14 CAD $/bu 7.26 8.03 7.31 8.60 CAD $/tonne 266.80 295.21 268.69 316.14 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 0.20 -0.30 N/A London -0.21 0.26 -0.31 N/A 0.36 0.36 -0.31 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 -0.44 N/A N/A N/A -0.44 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 0.33 -0.34 N/A Brigden N/A N/A N/A N/A N/A 0.33 -0.34 N/A Palmerston N/A 0.42 -0.20 -0.03 N/A 0.64 -0.18 -0.34 Varna -0.25 0.20 -0.30 N/A 0.57 0.57 -0.23 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 -0.48 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 N/A N/A N/A N/A 0.16 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 0.79 1.42 0.53N/A Toledo El. N/A 7.31US 7.54CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.43 0.84 0.02 -0.26 CAD $/bu 7.67 8.09 7.26 7.87 CAD $/tonne 281.95 297.11 266.80 289.24 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 325.00 - 335.00 Bayport Oats 320.00 Bayport Barley 325.00 FOB Hm Soymeal 526.69 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00