FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 5 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0131 up 0.0003 Chicago corn closed sharply higher. SEP12 HI 7.14 DEC12 HI 7.13 LOW 6.87 LOW 6.85 1/2 CLOSE7.08 3/4 Up 34 3/4 CLOSE 7.08 1/2 Up 34 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP12+SEP12+DEC12 CK Low 0.05 7.14 280.99 -0.95 6.14 241.52 CK High 0.20 7.29 286.90 -0.90 6.19 243.49 CK Avg 0.13 0.02 7.22 284.27 -0.93 -1.05 6.16 242.51 Essex Cty 0.00 7.09 279.02 -0.90 6.19 243.49 Mdsx Low 0.05 7.14 280.99 -0.95 6.14 241.52 Mdsx High 0.15 7.24 284.93 -0.95 6.14 241.52 Mdsx Avg 0.10 -0.01 7.19 282.96 -0.95 -1.07 6.14 241.52 Hensall 0.13 7.21 283.94 -0.93 6.16 242.51 Bruce 0.15 7.24 284.93 -0.95 6.14 241.52 Putnam 0.20 7.29 286.90 -0.95 6.14 241.52 Burford 0.05 7.14 280.99 -0.95 6.14 241.52 Port Perry 0.05 7.14 280.99 -0.95 6.14 241.52 Norfolk 0.10 7.19 282.96 -0.90 6.19 243.49 Palmerston 0.15 7.24 284.93 -0.90 6.19 243.49 Varna 0.20 7.29 286.90 -0.85 6.24 245.46 Trenton 0.40 7.49 294.77 -0.80 6.29 247.43 Winchester 0.50 7.59 298.71 -0.65 6.44 253.33 North Gower 0.10 7.19 282.96 -0.95 6.14 241.52 Huron FOB 0.15 7.24 284.93 -0.90 6.19 243.49 Kent FOB 0.10 7.19 282.96 -0.90 6.19 243.49 Lamb FOB 0.10 7.19 282.96 -0.90 6.19 243.49 Mdsx FOB N/A 0.00N/A N/A -0.95 6.14 241.52 FOB SW Que 0.30 7.39 290.83 -0.45 6.64 261.21 Track 0.65 7.74 304.61N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.95 6.14 241.52 Jhnstwn-Eth N/A N/A N/A N/A -0.75 6.34 249.40 Aylmer-Eth -0.10 -0.10 -0.05 -0.60 6.99 275.09 -0.60 6.49 255.30 Sarn-Eth N/A N/A 0.25 -0.65 -0.65 6.44 253.33 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.80 0.65 -0.70 6.39 251.37 Pt.Colb-Cas N/A 0.70 0.85 -0.60 -0.65 6.44 253.33 Cardnl-Cas N/A 0.75 0.90 -0.60 -0.65 6.44 253.33 W O Feed 0.71 0.70 7.80 306.97 US Rep 0.61 0.60 7.70 303.04 Toledo El. 0.32 7.41 291.81 -0.23 6.85 269.72 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.35 7.44292 4/5 -0.55 6.54257 1/4 MID SD CRN -0.92 1/2 6.16 HI SD CRN -0.90 6.18 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0131 up 0.0003 Chicago soybeans closed moderately to sharply higher. AUG12 HI 15.85 1/2 NOV12 HI 15.29 LOW 15.44 1/2 LOW 14.93 CLOSE15.83 Up 53 1/2 CLOSE 15.26 1/2 Up 51 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.48 15.35 564.02-0.62 14.65 538.11 CK High -0.40 15.43 566.96-0.45 14.82 544.36 CK Average -0.43 -0.6715.41 566.04-0.54-0.7914.73 541.23 Essex Cty -0.14 15.69 576.51-0.31 14.96 549.50 Mdsx Low -0.51 15.32 562.91-0.55 14.72 540.68 Mdsx High -0.40 15.43 566.96-0.55 14.72 540.68 Mdsx Average -0.46 -0.7015.38 564.93-0.55-0.8114.72 540.68 Hensall -0.40 15.43 566.96-0.58 14.69 539.77 Bruce -0.40 15.43 566.96-0.55 14.72 540.68 Putnam -0.40 15.43 566.96-0.55 14.72 540.68 Burford -0.51 15.32 562.91-0.55 14.72 540.68 Port Perry -0.54 15.29 561.81-0.58 14.69 539.58 Norfolk -0.38 15.45 567.69-0.80 14.47 531.50 Palmerston -0.35 15.48 568.79-0.55 14.72 540.68 Varna -0.35 15.48 568.79-0.55 14.72 540.68 Trenton -0.58 15.25 560.34-0.46 14.81 543.99 Winchester -0.75 15.08 554.10-0.36 14.91 547.66 North Gower -0.37 15.46 568.06-0.38 14.89 546.93 Huron FOB -0.30 15.53 570.63-0.50 14.77 542.52 Kent FOB -0.42 15.41 566.22-0.62 14.65 538.11 Lambton FOB -0.42 15.41 566.22-0.62 14.65 538.11 Middlesex FOB-0.21-0.15 N/A N/A 15.62 573.94-0.34 14.93 548.40 PROCESSORS Hamilton 0.00 0.35 0.10 0.10 15.83 581.650.10 15.37 564.57 Windsor 0.09 0.00 N/A N/A 15.92 584.96-0.08 15.19 557.95 Winchester -0.51 15.32 562.91-0.23 15.04 552.44 TRANSFER Hamilton 0.10 N/A N/A N/A 15.93 585.330.10 15.37 564.57 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 15.95 586.13-0.28 14.98 550.43 Bank of Canada Noon exchange rate was 1.0131 up 0.0003 Chicago wheat closed higher. SEP12 HI 8.40 3/4 JUL13 HI 8.46 3/4 LOW 8.09 1/4 LOW 8.22 1/2 CLOSE 8.38 Up 38 3/4 CLOSE 8.44 1/4 Up 22 1/4 Minni wheat closed higher. SEP12 HI 9.31 1/2 SEP13 HI 8.98 LOW 9.05 1/2 LOW 8.55 CLOSE 9.31 1/2 Up 34 CLOSE 8.82 Up 32 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.18 0.54 -0.28 -0.57 CAD $/bu 8.56 8.92 8.10 8.75 CAD $/tonne 314.53 327.59 297.74 321.43 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 0.05 -0.55 N/A N/A -0.05 -0.65 N/A London -0.20 0.05 -0.55 N/A -0.24 0.01 -0.80 N/A Hensall 0.10 N/A -0.55 N/A -0.25 N/A -0.60 N/A Trenton N/A N/A -0.65 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 -0.62 N/A N/A N/A -0.83 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 0.05 -0.61 N/A N/A -0.05 -0.81 N/A Brigden N/A 0.05 -0.61 N/A N/A -0.05 -0.81 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 -0.24 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 -0.50 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 0.53 1.14 0.28N/A N/A N/A 0.35N/A Toledo El. 8.45US 8.58CA 8.46US 8.61CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.01 0.40 -0.37 CAD $/bu 8.43 8.84 8.08 CAD $/tonne 309.87 324.82 296.79 (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 563.07 - 568.58 DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00