FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, June 26 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0265 down 0.0038 Chicago corn closed sharply higher. SEP12 HI 6.20 DEC12 HI 6.24 LOW 5.92 3/4 LOW 6.06 CLOSE6.19 1/2 Up 28 1/4 CLOSE 6.24 Up 30 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP12+SEP12+DEC12 CK Low 0.19 6.39 251.37 -0.80 5.44 214.16 CK High 0.35 6.55 257.67 -0.70 5.54 218.10 CK Avg 0.27 0.10 6.46 254.32 -0.78 -0.95 5.46 214.95 Essex Cty 0.15 6.35 249.79 -0.75 5.49 216.13 Mdsx Low 0.30 6.50 255.70 -0.80 5.44 214.16 Mdsx High 0.30 6.50 255.70 -0.80 5.44 214.16 Mdsx Avg 0.30 0.14 6.50 255.70 -0.80 -0.97 5.44 214.16 Hensall 0.25 6.45 253.73 -0.78 5.47 215.15 Bruce 0.20 6.40 251.76 -0.80 5.44 214.16 Putnam 0.20 6.40 251.76 -0.80 5.44 214.16 Burford 0.30 6.50 255.70 -0.80 5.44 214.16 Port Perry 0.30 6.50 255.70 -0.80 5.44 214.16 Norfolk 0.35 6.55 257.67 -0.78 5.46 214.95 Palmerston 0.15 6.35 249.79 -0.70 5.54 218.10 Varna 0.30 6.50 255.70 -0.75 5.49 216.13 Trenton 0.40 6.60 259.63 -0.65 5.59 220.07 Winchester 0.60 6.80 267.51 -0.55 5.69 224.01 North Gower 0.49 6.69 263.18 -0.60 5.64 222.04 Huron FOB 0.45 6.65 261.60 -0.70 5.54 218.10 Kent FOB 0.35 6.55 257.67 -0.78 5.46 214.95 Lamb FOB 0.35 6.55 257.67 -0.78 5.46 214.95 Mdsx FOB 0.30N/A N/A N/A 6.50 255.70 -0.80 5.44 214.16 FOB SW Que 0.75 6.95 273.41 -0.14 6.10 240.15 Track 0.43 6.62 260.62N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A -0.35 5.89 231.88 Aylmer-Eth 0.05 0.30 0.35 0.35 6.25 245.85 -0.60 5.64 222.04 Sarn-Eth N/A N/A N/A 0.75 N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.80 0.95 -0.40 5.84 229.91 Pt.Colb-Cas N/A 0.85 0.90 0.10 -0.35 5.89 231.88 Cardnl-Cas N/A N/A 1.05 1.00 -0.35 5.89 231.88 W O Feed 0.26 0.23 6.46 254.12 US Rep 0.70 0.67 6.90 271.44 Toledo El. 0.31 6.50 256.00 -0.34 5.90 232.31 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.60 6.80267 1/2 -0.45 5.79228 MID SD CRN -0.75 5.49 HI SD CRN -0.70 5.54 *Wet Bid Bank of Canada Noon exchange rate was 1.0265 down 0.0038 Chicago soybeans closed slightly to moderately lower. JUL12 HI 14.96 3/4 NOV12 HI 14.36 LOW 14.66 LOW 14.08 CLOSE14.70 1/2 Down 12 CLOSE 14.13 1/4 Down 12 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.46 14.25 523.41-0.40 13.73 504.58 CK High -0.37 14.34 526.72-0.30 13.83 508.26 CK Average -0.40 -0.7814.31 525.68-0.38-0.7613.76 505.50 Essex Cty -0.19 14.52 533.33-0.18 13.95 512.67 Mdsx Low -0.38 14.33 526.35-0.35 13.78 506.42 Mdsx High -0.33 14.38 528.19-0.35 13.78 506.42 Mdsx Average -0.36 -0.7414.35 527.27-0.35-0.7313.78 506.42 Hensall -0.40 14.31 525.80-0.35 13.78 506.42 Bruce -0.37 14.34 526.72-0.35 13.78 506.42 Putnam -0.37 14.34 526.72-0.35 13.78 506.42 Burford -0.33 14.38 528.19-0.35 13.78 506.42 Port Perry -0.36 14.35 527.09-0.38 13.75 505.32 Norfolk -0.34 14.37 527.82-0.35 13.78 506.42 Palmerston -0.42 14.29 524.88-0.35 13.78 506.42 Varna -0.25 14.46 531.13-0.35 13.78 506.42 Trenton -0.57 14.14 519.37-0.40 13.73 504.58 Winchester -0.57 14.14 519.37-0.37 13.76 505.69 North Gower -0.61 14.10 517.90-0.13 14.00 514.50 Huron FOB -0.22 14.49 532.23-0.20 13.93 511.93 Kent FOB -0.38 14.33 526.35-0.40 13.73 504.58 Lambton FOB -0.38 14.33 526.35-0.40 13.73 504.58 Middlesex FOB-0.29-0.27 N/A N/A 14.42 529.66-0.15 13.98 513.77 PROCESSORS Hamilton -0.020.30 0.50 0.65 14.69 539.580.30 14.43 530.30 Windsor -0.13-0.130.09 N/A 14.58 535.540.04 14.17 520.75 Winchester -0.45 14.26 523.78-0.05 14.08 517.44 TRANSFER Hamilton 0.30 N/A N/A N/A 15.01 551.340.25 14.38 528.47 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.05 14.76 542.150.30 14.43 530.30 Toledo El. -0.15 14.55 534.66-0.29 13.84 508.71 Bank of Canada Noon exchange rate was 1.0265 down 0.0038 Chicago wheat closed slightly higher. SEP12 HI 7.55 1/4 JUL13 HI 7.86 1/2 LOW 7.25 1/2 LOW 7.61 3/4 CLOSE 7.47 Up 6 CLOSE 7.83 3/4 Up 7 1/4 Minni wheat closed moderately higher. SEP13 HI 8.29 1/4 SEP13 HI 8.29 1/4 LOW 8.20 LOW 8.20 CLOSE 8.25 1/2 Up 14 3/4 CLOSE 8.25 1/2 Up 14 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.24 0.65 -0.17 -0.40 CAD $/bu 7.71 8.12 7.30 7.85 CAD $/tonne 283.46 298.53 268.38 288.54 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 0.03 -0.48 N/A N/A 0.10 -0.60 N/A London 0.35 0.35 -0.32 N/A -0.14 0.11 -0.71 N/A Hensall 0.22 N/A -0.48 N/A -0.05 N/A -0.60 N/A Trenton N/A N/A -0.63 N/A N/A N/A -0.90 N/A Winchester N/A N/A N/A -0.38 N/A N/A N/A N/A Essex N/A N/A -0.64 N/A N/A N/A -0.67 N/A Norwich 0.22 N/A -0.48 N/A -0.05 N/A -0.60 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 0.22 N/A -0.58 N/A -0.05 N/A -0.70 N/A Chatham N/A 0.17 -0.50 N/A N/A 0.07 -0.70 N/A Brigden N/A 0.17 -0.50 N/A N/A 0.07 -0.70 N/A Palmerston N/A 0.48 -0.34 -0.34 N/A 0.29 -0.54 -0.53 Varna 0.40 0.45 -0.35 N/A N/A 0.30 -0.55 N/A Mitchell 0.22 0.22 -0.48 N/A -0.05 0.25 -0.60 N/A Thornton N/A N/A N/A N/A N/A N/A N/A N/A North Gower N/A N/A N/A -0.14 N/A N/A N/A N/A 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 N/A N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.76 1.22 0.50N/A N/A N/A N/A N/A Toledo El. 7.36US 7.55CA 7.86US 8.07CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.06 0.52 -0.25 CAD $/bu 7.90 8.36 7.59 CAD $/tonne 290.13 307.11 278.80 (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 520.52 DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00