FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0191 up 0.0000 Chicago corn closed higher. SEP12 HI 6.57 1/2 DEC12 HI 6.64 LOW 6.40 3/4 LOW 6.44 3/4 CLOSE6.52 1/4 Up 23 3/4 CLOSE 6.55 3/4 Up 21 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 6.72 264.65 -0.90 5.66 222.73 CK High 0.30 6.82 268.59 -0.80 5.76 226.66 CK Avg 0.23 0.10 6.75 265.64 -0.88 -1.02 5.67 223.38 Essex Cty 0.15 6.67 262.68 -0.90 5.66 222.73 Mdsx Low 0.20 6.72 264.65 -0.90 5.66 222.73 Mdsx High 0.20 6.72 264.65 -0.90 5.66 222.73 Mdsx Avg 0.20 0.08 6.72 264.65 -0.90 -1.04 5.66 222.73 Hensall 0.20 6.72 264.65 -0.88 5.68 223.71 Bruce 0.20 6.72 264.65 -0.90 5.66 222.73 Putnam 0.20 6.72 264.65 -0.90 5.66 222.73 Burford 0.20 6.72 264.65 -0.90 5.66 222.73 Port Perry 0.20 6.72 264.65 -0.90 5.66 222.73 Norfolk 0.20 6.72 264.65 -0.90 5.66 222.73 Palmerston 0.20 6.72 264.65 -0.85 5.71 224.69 Varna 0.20 6.72 264.65 -0.75 5.81 228.63 Trenton 0.45 6.97 274.50 -0.70 5.86 230.60 Winchester 0.55 7.07 278.43 -0.60 5.96 234.54 North Gower 0.30 6.82 268.59 -0.65 5.91 232.57 Huron FOB 0.20 6.72 264.65 -0.85 5.71 224.69 Kent FOB 0.20 6.72 264.65 -0.90 5.66 222.73 Lamb FOB 0.20 6.72 264.65 -0.90 5.66 222.73 Mdsx FOB 0.20N/A N/A N/A 6.72 264.65 -0.90 5.66 222.73 FOB SW Que 0.30 6.82 268.59 -0.40 6.16 242.41 Track 0.68 7.20 283.35N/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 6.21 244.38 Aylmer-Eth 0.30 0.35 0.35 -0.60 6.82 268.59 -0.60 5.96 234.54 Sarn-Eth N/A N/A 0.55 -0.60 -0.60 5.96 234.54 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.80 0.65 -0.55 6.01 236.50 Pt.Colb-Cas N/A 0.70 0.85 -0.60 -0.50 6.06 238.47 Cardnl-Cas N/A 0.75 0.90 -0.60 -0.50 6.06 238.47 W O Feed 0.71 0.69 7.23 284.73 US Rep 0.70 0.68 7.22 284.34 Toledo El. 0.62 7.14 281.24 -0.23 6.32 248.91 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.35 6.87270 5/9 -0.53 6.03237 2/7 MID SD CRN -0.85 5.70 3/4 HI SD CRN -0.80 5.75 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0191 up 0.0000 Chicago soybeans closed slightly to moderately higher. AUG12 HI 15.09 3/4 NOV12 HI 14.55 3/4 LOW 14.85 LOW 14.30 1/2 CLOSE14.94 1/4 Up 12 1/2 CLOSE 14.38 Up 10 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.50 14.44 530.67-0.55 13.83 508.17 CK High -0.30 14.64 538.02-0.45 13.93 511.84 CK Average -0.39 -0.6614.56 534.90-0.48-0.7913.90 510.62 Essex Cty -0.09 14.85 545.74-0.26 14.12 518.82 Mdsx Low -0.45 14.49 532.51-0.54 13.84 508.53 Mdsx High -0.30 14.64 538.02-0.40 13.98 513.68 Mdsx Average -0.38 -0.6514.57 535.26-0.47-0.7813.91 511.11 Hensall -0.30 14.64 538.02-0.43 13.96 512.76 Bruce -0.30 14.64 538.02-0.40 13.98 513.68 Putnam -0.25 14.69 539.86-0.35 14.03 515.51 Burford -0.45 14.49 532.51-0.54 13.84 508.53 Port Perry -0.48 14.46 531.41-0.57 13.81 507.43 Norfolk -0.30 14.64 538.02-0.50 13.88 510.00 Palmerston -0.30 14.64 538.02-0.40 13.98 513.68 Varna -0.30 14.64 538.02-0.40 13.98 513.68 Trenton -0.50 14.44 530.67-0.50 13.88 510.00 Winchester -0.50 14.44 530.67-0.40 13.98 513.68 North Gower -0.14 14.80 543.90-0.18 14.20 521.76 Huron FOB -0.20 14.74 541.69-0.30 14.08 517.35 Kent FOB -0.34 14.60 536.55-0.55 13.83 508.17 Lambton FOB -0.34 14.60 536.55-0.55 13.83 508.17 Middlesex FOB-0.19-0.04 N/A N/A 14.75 542.06-0.28 14.10 518.09 PROCESSORS Hamilton 0.05 0.40 0.55 N/A 14.99 550.880.15 14.53 533.89 Windsor 0.14 0.04 N/A N/A 15.08 554.19-0.03 14.35 527.27 Winchester -0.30 14.64 538.02-0.27 14.11 518.45 TRANSFER Hamilton 0.21 N/A N/A N/A 15.15 556.760.12 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 15.04 552.720.30 14.68 539.40 Toledo El. 0.17 15.12 555.41-0.29 14.09 517.87 Bank of Canada Noon exchange rate was 1.0191 up 0.0000 Chicago wheat closed slightly to moderately higher. SEP12 HI 7.74 3/4 JUL13 HI 8.10 1/2 LOW 7.56 1/4 LOW 7.91 1/2 CLOSE 7.72 1/2 Up 15 1/4 CLOSE 8.06 Up 8 1/4 Minni wheat closed slightly to moderately higher. SEP12 HI 8.64 SEP13 HI 8.35 3/4 LOW 8.44 3/4 LOW 8.30 1/4 CLOSE 8.62 3/4 Up 18 1/4 CLOSE 8.35 3/4 Up 5 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.19 0.55 -0.21 -0.55 CAD $/bu 7.92 8.28 7.51 8.07 CAD $/tonne 290.98 304.08 276.01 296.69 Direct MarkHarvest 2012 Harvest 2013 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 -0.02 -0.55 N/A N/A 0.05 -0.60 N/A London -0.20 0.06 -0.56 N/A -0.21 0.05 -0.77 N/A Hensall 0.10 N/A -0.55 N/A -0.25 N/A -0.60 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 -0.60 N/A N/A N/A -0.81 N/A Norwich -0.05 N/A -0.55 N/A -0.25 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 -0.05 N/A -0.60 N/A -0.25 N/A -0.75 N/A Chatham N/A 0.13 -0.55 N/A N/A 0.03 -0.75 N/A Brigden N/A 0.13 -0.55 N/A N/A 0.03 -0.75 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 -0.05 0.20 -0.55 N/A -0.25 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 -0.27 N/A N/A N/A -0.47 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.53 1.16 0.30N/A N/A N/A 0.38N/A Toledo El. 7.68US 7.82CA 7.88US 8.05CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.02 0.43 -0.29 CAD $/bu 8.08 8.49 7.77 CAD $/tonne 296.88 311.89 285.62 (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 529.45 - 530.55 DDG's FOB Srn, Wndr, Aylm 215.00 - 220.00