FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0123 down 0.0068 Chicago corn closed higher. SEP12 HI 6.75 1/4 DEC12 HI 6.76 LOW 6.57 1/4 LOW 6.60 3/4 CLOSE6.74 Up 21 3/4 CLOSE 6.74 1/2 Up 18 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 6.94 273.22 -0.90 5.85 230.11 CK High 0.20 6.94 273.22 -0.90 5.85 230.11 CK Avg 0.20 0.10 6.94 273.22 -0.90 -1.00 5.85 230.11 Essex Cty 0.10 6.84 269.28 -0.90 5.85 230.11 Mdsx Low 0.20 6.94 273.22 -0.90 5.85 230.11 Mdsx High 0.20 6.94 273.22 -0.90 5.85 230.11 Mdsx Avg 0.20 0.10 6.94 273.22 -0.90 -1.00 5.85 230.11 Hensall 0.20 6.94 273.22 -0.88 5.87 231.09 Bruce 0.20 6.94 273.22 -0.90 5.85 230.11 Putnam 0.20 6.94 273.22 -0.90 5.85 230.11 Burford 0.20 6.94 273.22 -0.90 5.85 230.11 Port Perry 0.20 6.94 273.22 -0.90 5.85 230.11 Norfolk 0.20 6.94 273.22 -0.90 5.85 230.11 Palmerston 0.20 6.94 273.22 -0.90 5.85 230.11 Varna 0.20 6.94 273.22 -0.85 5.90 232.08 Trenton 0.40 7.14 281.09 -0.80 5.95 234.04 Winchester 0.50 7.24 285.03 -0.65 6.10 239.95 North Gower 0.10 6.84 269.28 -0.90 5.85 230.11 Huron FOB 0.20 6.94 273.22 -0.85 5.90 232.08 Kent FOB 0.20 6.94 273.22 -0.90 5.85 230.11 Lamb FOB 0.20 6.94 273.22 -0.90 5.85 230.11 Mdsx FOB 0.20N/A N/A N/A 6.94 273.22 -0.90 5.85 230.11 FOB SW Que 0.30 7.04 277.15 -0.55 6.20 243.89 Track 0.68 7.42 291.92N/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 6.40 251.76 Aylmer-Eth 0.30 0.35 0.35 -0.60 7.04 277.15 -0.60 6.15 241.92 Sarn-Eth N/A N/A 0.55 -0.60 -0.60 6.15 241.92 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.80 0.65 -0.70 6.05 237.98 Pt.Colb-Cas N/A 0.70 0.85 -0.60 -0.50 6.25 245.85 Cardnl-Cas N/A 0.75 0.90 -0.60 -0.50 6.25 245.85 W O Feed 0.71 0.70 7.45 293.29 US Rep 0.70 0.69 7.44 292.90 Toledo El. 0.32 7.06 278.12 -0.23 6.51 256.34 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.30 7.04277 1/7 -0.60 6.15242 MID SD CRN -0.90 5.84 1/2 HI SD CRN -0.90 5.84 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0123 down 0.0068 Chicago soybeans closed moderately higher to higher. AUG12 HI 15.33 NOV12 HI 14.78 LOW 14.97 1/2 LOW 14.41 1/4 CLOSE15.29 1/2 Up 35 1/4 CLOSE 14.74 3/4 Up 36 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.45 14.85 545.46-0.56 14.19 521.30 CK High -0.30 15.00 550.97-0.45 14.30 525.34 CK Average -0.37 -0.5814.93 548.58-0.51-0.7414.24 523.20 Essex Cty -0.16 15.14 556.12-0.33 14.42 529.75 Mdsx Low -0.45 14.85 545.46-0.80 13.95 512.48 Mdsx High -0.35 14.95 549.13-0.45 14.30 525.34 Mdsx Average -0.40 -0.6214.90 547.30-0.63-0.8514.12 518.91 Hensall -0.35 14.95 549.13-0.50 14.25 523.51 Bruce -0.35 14.95 549.13-0.45 14.30 525.34 Putnam -0.35 14.95 549.13-0.45 14.30 525.34 Burford -0.45 14.85 545.46-0.50 14.25 523.51 Port Perry -0.48 14.82 544.36-0.53 14.22 522.40 Norfolk -0.30 15.00 550.97-0.80 13.95 512.48 Palmerston -0.35 14.95 549.13-0.45 14.30 525.34 Varna -0.35 14.95 549.13-0.55 14.20 521.67 Trenton -0.55 14.75 541.79-0.43 14.32 526.08 Winchester -0.61 14.69 539.58-0.33 14.42 529.75 North Gower -0.29 15.01 551.34-0.32 14.43 530.12 Huron FOB -0.25 15.05 552.81-0.40 14.35 527.18 Kent FOB -0.34 14.96 549.50-0.56 14.19 521.30 Lambton FOB -0.34 14.96 549.50-0.56 14.19 521.30 Middlesex FOB-0.25-0.10 N/A N/A 15.05 552.81-0.29 14.46 531.22 PROCESSORS Hamilton 0.00 0.30 0.45 0.10 15.30 562.000.10 14.85 545.55 Windsor 0.07 -0.03 N/A N/A 15.37 564.57-0.10 14.65 538.20 Winchester -0.40 14.90 547.30-0.30 14.45 530.85 TRANSFER Hamilton 0.10 N/A N/A N/A 15.40 565.670.05 14.80 543.72 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A N/A Toledo El. 0.12 15.42 566.47-0.28 14.46 531.43 Bank of Canada Noon exchange rate was 1.0123 down 0.0068 Chicago wheat closed moderately higher to higher. SEP12 HI 8.00 3/4 JUL13 HI 8.25 LOW 7.74 1/4 LOW 8.02 1/2 CLOSE 7.99 1/4 Up 26 3/4 CLOSE 8.22 Up 16 Minni wheat closed moderately higher to higher. SEP12 HI 8.99 1/2 SEP13 HI 8.50 LOW 8.64 LOW 8.30 CLOSE 8.97 1/2 Up 34 3/4 CLOSE 8.50 Up 14 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.17 0.52 -0.29 -0.58 CAD $/bu 8.16 8.51 7.70 8.39 CAD $/tonne 299.74 312.78 282.97 308.40 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 -0.55 N/A -0.22 0.04 -0.78 N/A Hensall 0.10 N/A -0.55 N/A -0.25 N/A -0.60 N/A Trenton N/A N/A -0.60 N/A N/A N/A -0.95 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 -0.84 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 0.38 -0.48 -0.44 N/A 0.18 -0.63 -0.63 Varna 0.05 0.20 -0.50 N/A N/A 0.05 -0.75 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 -0.16 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 -0.30 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 0.50 1.13 0.27N/A N/A N/A 0.33N/A Toledo El. 7.96US 8.08CA 8.24US 8.37CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.02 0.38 -0.38 CAD $/bu 8.20 8.60 7.84 CAD $/tonne 301.13 316.05 288.07 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 330.00 - 340.00 Bayport Oats 320.00 Bayport Barley 325.00 FOB Hm Soymeal 542.57 - 548.08 DDG's FOB Srn, Wndr, Aylm 215.00 - 220.00