FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, June 28 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0333 up 0.0076 Chicago corn closed slightly lower. SEP12 HI 6.42 3/4 DEC12 HI 6.48 3/4 LOW 6.20 1/4 LOW 6.25 1/2 CLOSE6.26 1/4 Down 1 1/4 CLOSE 6.32 1/4 Down 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP12+SEP12+DEC12 CK Low 0.20 6.46 254.42 -0.85 5.47 215.44 CK High 0.30 6.56 258.35 -0.80 5.52 217.41 CK Avg 0.25 0.02 6.51 256.39 -0.84 -1.08 5.48 215.77 Essex Cty 0.20 6.46 254.42 -0.80 5.52 217.41 Mdsx Low 0.20 6.46 254.42 -0.85 5.47 215.44 Mdsx High 0.25 6.51 256.39 -0.85 5.47 215.44 Mdsx Avg 0.23 0.00 6.49 255.40 -0.85 -1.09 5.47 215.44 Hensall 0.23 6.49 255.40 -0.85 5.47 215.44 Bruce 0.25 6.51 256.39 -0.85 5.47 215.44 Putnam 0.25 6.51 256.39 -0.85 5.47 215.44 Burford 0.20 6.46 254.42 -0.85 5.47 215.44 Port Perry 0.20 6.46 254.42 -0.85 5.47 215.44 Norfolk 0.25 6.51 256.39 0.85 7.17 282.37 Palmerston 0.20 6.46 254.42 -0.85 5.47 215.44 Varna 0.20 6.46 254.42 -0.75 5.57 219.38 Trenton 0.50 6.76 266.23 -0.70 5.62 221.35 Winchester 0.60 6.86 270.16 -0.55 5.77 227.25 North Gower 0.30 6.56 258.35 -0.65 5.67 223.32 Huron FOB 0.20 6.46 254.42 -0.85 5.47 215.44 Kent FOB 0.25 6.51 256.39 -0.85 5.47 215.44 Lamb FOB 0.25 6.51 256.39 -0.85 5.47 215.44 Mdsx FOB 0.20N/A N/A N/A 6.46 254.42 -0.85 5.47 215.44 FOB SW Que 0.35 6.61 260.32 -0.35 5.97 235.13 Track 0.45 6.71 264.26N/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 5.97 235.13 Aylmer-Eth 0.30 0.35 0.35 -0.60 6.56 258.35 -0.60 5.72 225.28 Sarn-Eth N/A N/A 0.55N/A N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A 0.70 0.85 -0.60 -0.50 5.82 229.22 Pt.Colb-Cas 0.85 0.80 0.90 -0.55 7.11 280.01 -0.45 5.87 231.19 Cardnl-Cas N/A 0.95 0.90 -0.55 -0.50 5.82 229.22 W O Feed 0.52 0.49 6.78 267.02 US Rep 0.70 0.67 6.96 274.10 Toledo El. 0.50 6.76 266.13 -0.34 5.98 235.42 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.58 6.84269 3/8 -0.45 5.87231 1/5 MID SD CRN -0.82 1/2 5.49 3/4 HI SD CRN -0.80 5.52 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0333 up 0.0076 Chicago soybeans closed slightly lower. AUG12 HI 14.65 NOV12 HI 14.22 1/2 LOW 14.38 3/4 LOW 13.92 3/4 CLOSE14.46 1/4 Down 9 3/4 CLOSE 14.03 1/2 Down 8 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.35 14.11 518.55-0.45 13.59 499.16 CK High -0.20 14.26 524.06-0.30 13.74 504.67 CK Average -0.27 -0.8014.20 521.61-0.39-0.9213.65 501.37 Essex Cty 0.15 14.61 536.92-0.03 14.01 514.60 Mdsx Low -0.28 14.18 521.12-0.38 13.66 501.74 Mdsx High -0.25 14.21 522.22-0.35 13.69 502.84 Mdsx Average -0.27 -0.7914.20 521.67-0.37-0.9013.67 502.29 Hensall -0.28 14.19 521.30-0.40 13.64 501.00 Bruce -0.25 14.21 522.22-0.35 13.69 502.84 Putnam -0.25 14.21 522.22-0.35 13.69 502.84 Burford -0.28 14.18 521.12-0.38 13.66 501.74 Port Perry -0.31 14.15 520.02-0.41 13.63 500.63 Norfolk -0.33 14.13 519.28-0.34 13.70 503.21 Palmerston -0.30 14.16 520.38-0.40 13.64 501.00 Varna -0.30 14.16 520.38-0.40 13.64 501.00 Trenton -0.40 14.06 516.71-0.40 13.64 501.00 Winchester -0.40 14.06 516.71-0.37 13.67 502.10 North Gower -0.14 14.32 526.26-0.18 13.86 509.08 Huron FOB -0.20 14.26 524.06-0.30 13.74 504.67 Kent FOB -0.20 14.26 524.06-0.39 13.65 501.37 Lambton FOB -0.20 14.26 524.06-0.39 13.65 501.37 Middlesex FOB-0.02-0.13 N/A N/A 14.44 530.67-0.12 13.92 511.29 PROCESSORS Hamilton 0.25 0.60 0.75 0.35 14.71 540.590.35 14.39 528.56 Windsor 0.38 N/A N/A N/A 14.84 545.370.20 14.24 523.05 Winchester -0.45 14.01 514.87-0.27 13.77 505.78 TRANSFER Hamilton 0.35 N/A N/A N/A 14.81 544.270.35 14.39 528.56 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.30 14.76 542.430.50 14.54 534.07 Toledo El. 0.02 14.48 532.17-0.29 13.74 505.02 Bank of Canada Noon exchange rate was 1.0333 up 0.0076 Chicago wheat closed slightly lower. SEP12 HI 7.57 1/2 JUL13 HI 7.95 3/4 LOW 7.42 1/4 LOW 7.81 1/4 CLOSE 7.46 Down 5 1/4 CLOSE 7.88 3/4 Down 4 1/4 Minni wheat closed slightly lower. SEP12 HI 6.32 1/4 SEP13 HI 8.24 1/2 LOW 8.30 1/4 LOW 8.24 1/2 CLOSE 8.34 3/4 Down 1/2 CLOSE 8.24 1/2 Down 1 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.32 0.69 -0.09 -0.42 CAD $/bu 7.78 8.15 7.37 7.93 CAD $/tonne 286.04 299.37 270.81 291.28 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 0.00 -0.45 N/A N/A 0.10 -0.65 N/A London 0.15 0.15 -0.52 N/A -0.14 0.11 -0.71 N/A Hensall 0.20 N/A -0.45 N/A -0.20 N/A -0.55 N/A Trenton N/A N/A -0.55 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 -0.49 N/A N/A N/A -0.69 N/A Norwich 0.10 N/A -0.45 N/A -0.20 N/A -0.55 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 -0.50 N/A -0.20 N/A -0.70 N/A Chatham N/A 0.18 -0.50 N/A N/A 0.08 -0.70 N/A Brigden N/A 0.18 -0.50 N/A N/A 0.08 -0.70 N/A Palmerston N/A 0.48 -0.33 -0.33 N/A 0.29 -0.53 -0.52 Varna 0.40 0.45 -0.35 N/A N/A 0.30 -0.55 N/A Mitchell 0.00 0.25 -0.45 N/A -0.20 0.25 -0.55 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 -0.15 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 0.64 1.31 0.43N/A N/A N/A 0.51N/A Toledo El. 7.38US 7.65CA 7.91US 8.21CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.14 0.56 -0.17 CAD $/bu 8.03 8.45 7.72 CAD $/tonne 295.14 310.39 283.69 (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 519.86 DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00