FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 6 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0199 up 0.0068 Chicago corn closed lower. SEP12 HI 7.08 DEC12 HI 7.07 3/4 LOW 6.89 1/4 LOW 6.87 3/4 CLOSE6.95 1/4 Down 13 1/2 CLOSE 6.93 Down 15 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP12+SEP12+DEC12 CK Low -0.15 6.80 267.80 -0.95 5.98 235.42 CK High 0.05 7.00 275.68 -0.90 6.03 237.39 CK Avg 0.02 -0.13 6.97 274.36 -0.94 -1.10 5.99 235.75 Essex Cty 0.00 6.95 273.71 -0.90 6.03 237.39 Mdsx Low -0.15 6.80 267.80 -0.95 5.98 235.42 Mdsx High 0.05 7.00 275.68 -0.95 5.98 235.42 Mdsx Avg -0.05 -0.20 6.90 271.74 -0.95 -1.11 5.98 235.42 Hensall 0.05 7.00 275.68 -0.95 5.98 235.42 Bruce 0.05 7.00 275.68 -0.95 5.98 235.42 Putnam 0.05 7.00 275.68 -0.95 5.98 235.42 Burford -0.15 6.80 267.80 -0.95 5.98 235.42 Port Perry -0.15 6.80 267.80 -0.95 5.98 235.42 Norfolk 0.05 7.00 275.68 -0.95 5.98 235.42 Palmerston 0.05 7.00 275.68 -0.95 5.98 235.42 Varna 0.10 7.05 277.64 -0.90 6.03 237.39 Trenton 0.20 7.15 281.58 -0.85 6.08 239.36 Winchester 0.10 7.05 277.64 -0.70 6.23 245.26 North Gower 0.10 7.05 277.64 -0.97 5.96 234.63 Huron FOB 0.10 7.05 277.64 -0.95 5.98 235.42 Kent FOB 0.05 7.00 275.68 -0.95 5.98 235.42 Lamb FOB 0.05 7.00 275.68 -0.95 5.98 235.42 Mdsx FOB -0.15 -0.15N/A N/A 6.80 267.80 -0.95 5.98 235.42 FOB SW Que 0.45 7.40 291.42 -0.45 6.48 255.11 Track 0.60 7.55 297.33N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.95 5.98 235.42 Jhnstwn-Eth N/A N/A N/A N/A -0.75 6.18 243.30 Aylmer-Eth -0.10 -0.10 -0.05 -0.60 6.85 269.77 -0.60 6.33 249.20 Sarn-Eth N/A N/A 0.25 -0.65 -0.65 6.28 247.23 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.75 0.65 -0.70 6.23 245.26 Pt.Colb-Cas N/A 0.65 0.80 -0.60 -0.65 6.28 247.23 Cardnl-Cas N/A 0.70 0.85 -0.60 -0.65 6.28 247.23 W O Feed 0.64 0.62 7.59 298.90 US Rep 0.61 0.59 7.56 297.72 Toledo El. 0.33 7.28 286.58 -0.24 6.69 263.56 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.40 7.35289 1/2 -0.55 6.38251 1/6 MID SD CRN -0.92 1/2 6.00 1/2 HI SD CRN -0.90 6.031 *Wet Bid Bank of Canada Noon exchange rate was 1.0199 up 0.0068 Chicago soybeans closed moderately lower. AUG12 HI 15.83 NOV12 HI 15.26 LOW 15.61 3/4 LOW 15.04 1/2 CLOSE15.67 1/4 Down 15 3/4 CLOSE 15.05 3/4 Down 20 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.44 15.23 559.70-0.56 14.50 532.69 CK High -0.33 15.34 563.74-0.40 14.66 538.57 CK Average -0.40 -0.7315.28 561.35-0.52-0.8714.54 534.28 Essex Cty -0.04 15.63 574.40-0.21 14.85 545.55 Mdsx Low -0.43 15.24 560.07-0.55 14.51 533.06 Mdsx High -0.40 15.27 561.17-0.54 14.52 533.43 Mdsx Average -0.42 -0.7515.26 560.62-0.55-0.9014.51 533.24 Hensall -0.38 15.30 562.09-0.55 14.51 533.06 Bruce -0.40 15.27 561.17-0.55 14.51 533.06 Putnam -0.40 15.27 561.17-0.55 14.51 533.06 Burford -0.43 15.24 560.07-0.54 14.52 533.43 Port Perry -0.46 15.21 558.96-0.57 14.49 532.32 Norfolk -0.29 15.38 565.21-0.49 14.57 535.26 Palmerston -0.45 15.22 559.33-0.65 14.41 529.39 Varna -0.40 15.27 561.17-0.60 14.46 531.22 Trenton -0.57 15.10 554.92-0.50 14.56 534.90 Winchester -0.62 15.05 553.08-0.40 14.66 538.57 North Gower -0.29 15.38 565.21-0.35 14.71 540.41 Huron FOB -0.25 15.42 566.68-0.45 14.61 536.73 Kent FOB -0.33 15.34 563.74-0.54 14.52 533.43 Lambton FOB -0.33 15.34 563.74-0.54 14.52 533.43 Middlesex FOB-0.27-0.12 N/A N/A 15.40 565.94-0.31 14.75 541.88 PROCESSORS Hamilton 0.10 0.45 0.60 0.20 15.77 579.540.20 15.26 560.62 Windsor 0.19 0.10 N/A N/A 15.86 582.850.02 15.08 554.00 Winchester -0.51 15.16 557.13-0.23 14.83 544.82 TRANSFER Hamilton 0.20 N/A N/A N/A 15.87 583.210.15 15.21 558.78 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.05 15.72 577.700.20 15.26 560.62 Toledo El. 0.12 15.80 580.37-0.29 14.77 542.74 Bank of Canada Noon exchange rate was 1.0199 up 0.0068 Chicago wheat closed lower. SEP12 HI 8.37 JUL13 HI 8.40 1/4 LOW 8.04 LOW 8.12 CLOSE 8.06 1/4 Down 31 3/4 CLOSE 8.17 3/4 Down 26 1/2 Minni wheat closed moderately lower to lower. SEP12 HI 9.33 SEP13 HI 8.70 LOW 9.01 1/2 LOW 8.70 CLOSE 9.04 1/2 Down 26 1/4 CLOSE 8.70 Down 12 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.22 0.58 -0.24 -0.52 CAD $/bu 8.29 8.64 7.83 8.52 CAD $/tonne 304.48 317.61 287.59 313.20 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 0.10 -0.55 N/A N/A 0.00 -0.70 N/A London -0.20 0.06 -0.55 N/A -0.22 0.03 -0.78 N/A Hensall 0.05 N/A -0.55 N/A -0.25 N/A -0.70 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 -0.52 N/A N/A N/A -0.63 N/A Norwich -0.05 N/A -0.55 N/A -0.25 N/A -0.70 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 -0.80 N/A Chatham N/A 0.10 -0.57 N/A N/A 0.00 -0.77 N/A Brigden N/A 0.10 -0.57 N/A N/A 0.00 -0.77 N/A Palmerston N/A 0.07 -0.74 -0.59 N/A -0.08 -0.89 -0.64 Varna 0.00 0.15 -0.55 N/A N/A 0.00 -0.80 N/A Mitchell -0.05 0.20 -0.55 N/A -0.25 0.15 -0.70 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 -0.49 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 -0.55 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 0.58 1.19 0.38N/A N/A N/A 0.40N/A Toledo El. 8.13US 8.31CA 8.20US 8.39CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.04 0.45 -0.32 CAD $/bu 8.21 8.62 7.86 CAD $/tonne 301.84 316.88 288.68 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 335.00 - 340.00 Bayport Oats 330.00 Bayport Barley 330.00 FOB Hm Soymeal 558.33 - 563.84 DDG's FOB Srn, Wndr, Aylm 220.00 - 225.00