FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 27 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0257 down 0.0008 Chicago corn closed moderately higher. SEP12 HI 6.49 1/4 DEC12 HI 6.49 1/2 LOW 6.12 LOW 6.30 1/4 CLOSE6.27 1/2 Up 8 CLOSE 6.33 Up 9 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP12+SEP12+DEC12 CK Low 0.17 6.45 253.73 -0.85 5.48 215.74 CK High 0.30 6.58 258.85 -0.80 5.53 217.71 CK Avg 0.26 0.08 6.53 257.14 -0.83 -1.02 5.50 216.39 Essex Cty 0.15 6.43 252.94 -0.80 5.53 217.71 Mdsx Low 0.17 6.45 253.73 -0.85 5.48 215.74 Mdsx High 0.30 6.58 258.85 -0.85 5.48 215.74 Mdsx Avg 0.24 0.06 6.51 256.29 -0.85 -1.03 5.48 215.74 Hensall 0.19 6.46 254.32 -0.85 5.48 215.74 Bruce 0.17 6.45 253.73 -0.85 5.48 215.74 Putnam 0.17 6.45 253.73 -0.85 5.48 215.74 Burford 0.30 6.58 258.85 -0.85 5.48 215.74 Port Perry 0.30 6.58 258.85 -0.85 5.48 215.74 Norfolk 0.30 6.58 258.85 -0.85 5.48 215.74 Palmerston 0.30 6.58 258.85 -0.75 5.58 219.67 Varna 0.30 6.58 258.85 -0.75 5.58 219.67 Trenton 0.40 6.68 262.78 -0.70 5.63 221.64 Winchester 0.60 6.88 270.66 -0.55 5.78 227.55 North Gower 0.30 6.58 258.85 -0.50 5.83 229.52 Huron FOB 0.20 6.48 254.91 -0.85 5.48 215.74 Kent FOB 0.30 6.58 258.85 -0.85 5.48 215.74 Lamb FOB 0.30 6.58 258.85 -0.85 5.48 215.74 Mdsx FOB 0.30N/A N/A N/A 6.58 258.85 -0.85 5.48 215.74 FOB SW Que 0.25 6.53 256.88 -0.35 5.98 235.42 Track 0.41 6.69 263.18N/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 5.98 235.42 Aylmer-Eth -0.03 0.30 0.35 0.35 6.25 245.85 -0.60 5.73 225.58 Sarn-Eth N/A N/A N/A 0.55 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 5.93 233.45 Pt.Colb-Cas N/A 0.85 0.90 0.10 -0.35 5.98 235.42 Cardnl-Cas N/A N/A 1.05 1.00 -0.35 5.98 235.42 W O Feed 0.28 0.25 6.56 258.06 US Rep 0.70 0.67 6.98 274.59 Toledo El. 0.53 6.81 268.07 -0.34 5.99 235.83 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.50 6.78266 5/7 -0.50 5.83229 1/2 MID SD CRN -0.82 1/2 5.50 1/2 HI SD CRN -0.80 5.53 *Wet Bid Bank of Canada Noon exchange rate was 1.0257 down 0.0008 Chicago soybeans closed mixed. JUL12 HI 14.97 1/2 NOV12 HI 14.36 LOW 14.67 LOW 14.10 CLOSE14.71 Up 1/2 CLOSE 14.12 Down 1 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.50 14.21 522.13-0.47 13.65 501.55 CK High -0.45 14.26 523.97-0.35 13.77 505.96 CK Average -0.48 -0.8814.24 523.05-0.42-0.8313.70 503.39 Essex Cty -0.13 14.58 535.72-0.15 13.97 513.31 Mdsx Low -0.45 14.26 523.97-0.41 13.71 503.76 Mdsx High -0.40 14.31 525.80-0.40 13.72 504.12 Mdsx Average -0.43 -0.8314.29 524.88-0.41-0.8213.72 503.94 Hensall -0.45 14.26 523.97-0.43 13.70 503.21 Bruce -0.45 14.26 523.97-0.40 13.72 504.12 Putnam -0.45 14.26 523.97-0.40 13.72 504.12 Burford -0.45 14.26 523.97-0.40 13.72 504.12 Port Perry -0.42 14.29 525.07-0.44 13.68 502.65 Norfolk -0.41 14.30 525.44-0.42 13.70 503.39 Palmerston -0.40 14.31 525.80-0.35 13.77 505.96 Varna -0.25 14.46 531.31-0.35 13.77 505.96 Trenton -0.55 14.16 520.29-0.35 13.77 505.96 Winchester -0.55 14.16 520.29-0.37 13.75 505.23 North Gower -0.29 14.42 529.84-0.03 14.09 517.72 Huron FOB -0.35 14.36 527.64-0.30 13.82 507.80 Kent FOB -0.45 14.26 523.97-0.47 13.65 501.55 Lambton FOB -0.45 14.26 523.97-0.47 13.65 501.55 Middlesex FOB-0.51-0.140.07 N/A 14.20 521.76-0.18 13.94 512.21 PROCESSORS Hamilton 0.15 0.15 0.50 0.65 14.86 546.010.25 14.37 528.01 Windsor 0.10 0.10 0.15 N/A 14.81 544.170.08 14.20 521.76 Winchester -0.47 14.24 523.23-0.27 13.85 508.90 TRANSFER Hamilton 0.15 N/A N/A N/A 14.86 546.010.20 14.32 526.17 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.05 14.76 542.340.45 14.57 535.36 Toledo El. -0.15 14.56 534.84-0.29 13.83 508.23 Bank of Canada Noon exchange rate was 1.0257 down 0.0008 Chicago wheat closed slightly higher. SEP12 HI 7.63 1/2 JUL13 HI 7.96 1/4 LOW 7.39 1/2 LOW 7.75 CLOSE 7.51 1/4 Up 4 1/4 CLOSE 7.93 Up 9 1/4 Minni wheat closed slightly higher. SEP12 HI 6.22 3/4 SEP13 HI 8.25 3/4 LOW 8.21 1/4 LOW 8.25 1/2 CLOSE 8.35 1/4 Up 8 3/4 CLOSE 8.25 3/4 Up 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.26 0.67 -0.15 -0.49 CAD $/bu 7.77 8.18 7.36 7.86 CAD $/tonne 285.50 300.60 270.40 288.89 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 -0.05 -0.55 N/A N/A 0.05 -0.70 N/A London 0.32 0.32 -0.35 N/A -0.17 0.08 -0.75 N/A Hensall 0.00 N/A -0.55 N/A -0.05 N/A -0.60 N/A Trenton N/A N/A -0.75 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 -0.55 N/A N/A N/A -0.65 N/A Norwich 0.00 N/A -0.55 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 0.00 N/A -0.55 N/A -0.05 N/A -0.70 N/A Chatham N/A 0.14 -0.55 N/A N/A 0.04 -0.75 N/A Brigden N/A 0.14 -0.55 N/A N/A 0.04 -0.75 N/A Palmerston N/A 0.47 -0.34 -0.34 N/A 0.28 -0.54 -0.53 Varna 0.40 0.45 -0.35 N/A N/A 0.30 -0.55 N/A Mitchell 0.00 0.40 -0.30 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 -0.05 N/A N/A N/A -0.40 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.77 1.23 0.51N/A N/A N/A N/A N/A Toledo El. 7.38US 7.59CA 7.95US 8.18CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.08 0.54 -0.23 CAD $/bu 8.01 8.47 7.70 CAD $/tonne 294.19 311.21 282.85 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 330.00 - 335.00 Bayport Oats 320.00 Bayport Barley 325.00 FOB Hm Soymeal 521.40 DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00