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 1/2 Up 22 1/4 CLOSE 6.73 3/4 Up 18 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 6.95 273.41 -0.90 5.84 229.81 CK High 0.20 6.95 273.41 -0.90 5.84 229.81 CK Avg 0.20 0.10 6.95 273.41 -0.90 -1.01 5.84 229.81 Essex Cty 0.10 6.85 269.48 -0.90 5.84 229.81 Mdsx Low 0.20 6.95 273.41 -0.90 5.84 229.81 Mdsx High 0.20 6.95 273.41 -0.90 5.84 229.81 Mdsx Avg 0.20 0.10 6.95 273.41 -0.90 -1.01 5.84 229.81 Hensall 0.20 6.95 273.41 -0.88 5.86 230.80 Bruce 0.20 6.95 273.41 -0.90 5.84 229.81 Putnam 0.20 6.95 273.41 -0.90 5.84 229.81 Burford 0.20 6.95 273.41 -0.90 5.84 229.81 Port Perry 0.20 6.95 273.41 -0.90 5.84 229.81 Norfolk 0.20 6.95 273.41 -0.90 5.84 229.81 Palmerston 0.20 6.95 273.41 -0.90 5.84 229.81 Varna 0.20 6.95 273.41 -0.85 5.89 231.78 Trenton 0.40 7.15 281.29 -0.80 5.94 233.75 Winchester 0.50 7.25 285.22 -0.65 6.09 239.65 North Gower 0.10 6.85 269.48 -0.90 5.84 229.81 Huron FOB 0.20 6.95 273.41 -0.85 5.89 231.78 Kent FOB 0.20 6.95 273.41 -0.90 5.84 229.81 Lamb FOB 0.20 6.95 273.41 -0.90 5.84 229.81 Mdsx FOB 0.20N/A N/A N/A 6.95 273.41 -0.90 5.84 229.81 FOB SW Que 0.30 7.05 277.35 -0.55 6.19 243.59 Track 0.68 7.42 292.11N/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 6.39 251.46 Aylmer-Eth 0.30 0.35 0.35 -0.60 7.05 277.35 -0.60 6.14 241.62 Sarn-Eth N/A N/A 0.55 -0.60 -0.60 6.14 241.62 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.80 0.65 -0.70 6.04 237.69 Pt.Colb-Cas N/A 0.70 0.85 -0.60 -0.50 6.24 245.56 Cardnl-Cas N/A 0.75 0.90 -0.60 -0.50 6.24 245.56 W O Feed 0.71 0.70 7.46 293.49 US Rep 0.70 0.69 7.45 293.10 Toledo El. 0.32 7.07 278.32 -0.23 6.50 256.04 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.30 7.05277 1/3 -0.60 6.14241 5/8 MID SD CRN -0.90 5.83 3/4 HI SD CRN -0.90 5.83 3/4 *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 CLOSE15.26 Up 31 3/4 CLOSE 14.72 1/4 Up 34 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.45 14.81 544.17-0.56 14.16 520.38 CK High -0.30 14.96 549.69-0.45 14.27 524.42 CK Average -0.37 -0.5814.90 547.30-0.51-0.7514.21 522.28 Essex Cty -0.16 15.10 554.83-0.33 14.39 528.83 Mdsx Low -0.45 14.81 544.17-0.80 13.92 511.56 Mdsx High -0.35 14.91 547.85-0.45 14.27 524.42 Mdsx Average -0.40 -0.6214.86 546.01-0.63-0.8714.10 517.99 Hensall -0.35 14.91 547.85-0.50 14.22 522.59 Bruce -0.35 14.91 547.85-0.45 14.27 524.42 Putnam -0.35 14.91 547.85-0.45 14.27 524.42 Burford -0.45 14.81 544.17-0.50 14.22 522.59 Port Perry -0.48 14.78 543.07-0.53 14.19 521.49 Norfolk -0.30 14.96 549.69-0.80 13.92 511.56 Palmerston -0.35 14.91 547.85-0.45 14.27 524.42 Varna -0.35 14.91 547.85-0.55 14.17 520.75 Trenton -0.55 14.71 540.50-0.43 14.29 525.16 Winchester -0.61 14.65 538.30-0.33 14.39 528.83 North Gower -0.29 14.97 550.05-0.32 14.40 529.20 Huron FOB -0.25 15.01 551.52-0.40 14.32 526.26 Kent FOB -0.34 14.92 548.22-0.56 14.16 520.38 Lambton FOB -0.34 14.92 548.22-0.56 14.16 520.38 Middlesex FOB-0.25-0.10 N/A N/A 15.01 551.52-0.29 14.43 530.30 PROCESSORS Hamilton 0.00 0.30 0.45 0.10 15.26 560.710.10 14.82 544.63 Windsor 0.07 -0.03 N/A N/A 15.33 563.28-0.10 14.62 537.28 Winchester -0.40 14.86 546.01-0.30 14.42 529.94 TRANSFER Hamilton 0.10 N/A N/A N/A 15.36 564.380.05 14.77 542.80 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 15.38 565.18-0.28 14.44 530.50 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 7.98 1/2 Up 26 CLOSE 8.22 3/4 Up 16 3/4 Minni wheat closed moderately higher to higher. SEP12 HI 8.99 1/2 SEP13 HI 8.50 LOW 8.64 LOW 8.30 CLOSE 8.94 Up 31 1/4 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 0.16 0.52 -0.29 -0.58 CAD $/bu 8.15 8.50 7.69 8.36 CAD $/tonne 299.46 312.50 282.69 307.10 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 0.34N/A Toledo El. 7.96US 8.07CA 8.25US 8.38CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.02 0.39 -0.37 CAD $/bu 8.21 8.62 7.86 CAD $/tonne 301.72 316.66 288.64 (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 541.02 - 546.54 DDG's FOB Srn, Wndr, Aylm 215.00 - 220.00