FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 9 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0212 up 0.0013 Chicago corn closed sharply higher. SEP12 HI 7.35 1/4 DEC12 HI 7.33 LOW 7.09 1/2 LOW 7.07 1/4 CLOSE7.32 Up 36 3/4 CLOSE 7.30 Up 37 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 7.17 282.27 -0.95 6.35 249.99 CK High 0.00 7.32 288.18 -0.90 6.40 251.96 CK Avg -0.08 -0.23 7.24 284.89 -0.94 -1.11 6.36 250.32 Essex Cty -0.15 7.17 282.27 -0.95 6.35 249.99 Mdsx Low -0.15 7.17 282.27 -0.95 6.35 249.99 Mdsx High 0.00 7.32 288.18 -0.95 6.35 249.99 Mdsx Avg -0.08 -0.23 7.25 285.22 -0.95 -1.11 6.35 249.99 Hensall -0.03 7.30 287.19 -0.95 6.35 249.99 Bruce 0.00 7.32 288.18 -0.95 6.35 249.99 Putnam 0.05 7.37 290.14 -0.95 6.35 249.99 Burford -0.15 7.17 282.27 -0.95 6.35 249.99 Port Perry -0.15 7.17 282.27 -0.95 6.35 249.99 Norfolk -0.15 7.17 282.27 -0.95 6.35 249.99 Palmerston -0.15 7.17 282.27 -1.05 6.25 246.05 Varna 0.10 7.42 292.11 -0.90 6.40 251.96 Trenton 0.15 7.47 294.08 -0.85 6.45 253.93 Winchester 0.35 7.67 301.95 -0.70 6.60 259.83 North Gower 0.15 7.47 294.08 -0.95 6.35 249.99 Huron FOB -0.05 7.27 286.21 -0.95 6.35 249.99 Kent FOB -0.15 7.17 282.27 -0.95 6.35 249.99 Lamb FOB -0.15 7.17 282.27 -0.95 6.35 249.99 Mdsx FOB N/A -0.25 -0.20N/A -0.95 6.35 249.99 FOB SW Que 0.35 7.67 301.95 -0.60 6.70 263.77 Track 0.45 7.77 305.89N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.95 6.35 249.99 Jhnstwn-Eth N/A N/A N/A N/A -0.75 6.55 257.86 Aylmer-Eth -0.10 -0.10 -0.05 -0.75 7.22 284.24 -0.75 6.55 257.86 Sarn-Eth N/A N/A 0.00 -0.70 -0.70 6.60 259.83 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.70 -0.75 -0.65 6.65 261.80 Pt.Colb-Cas N/A 0.65 0.75 -0.70 -0.60 6.70 263.77 Cardnl-Cas N/A 0.70 0.75 -0.70 -0.80 6.50 255.89 W O Feed 0.50 0.48 7.82 307.86 US Rep 0.61 0.59 7.93 312.19 Toledo El. 0.33 7.65 301.03 -0.24 7.06 278.13 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.35 7.67302 -0.55 6.75265 3/4 MID SD CRN -0.92 1/2 6.37 1/2 HI SD CRN -0.90 6.40 *Wet Bid Bank of Canada Noon exchange rate was 1.0212 up 0.0013 Chicago soybeans closed moderately higher to higher. AUG12 HI 16.25 1/2 NOV12 HI 15.71 1/4 LOW 15.83 1/2 LOW 15.22 1/2 CLOSE16.06 3/4 Up 39 1/2 CLOSE 15.47 3/4 Up 42 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.40 15.67 575.68-0.57 14.91 547.76 CK High -0.30 15.77 579.36-0.45 15.03 552.17 CK Average -0.37 -0.7015.70 576.97-0.51-0.8614.97 549.90 Essex Cty -0.04 16.03 588.91-0.21 15.27 560.98 Mdsx Low -0.40 15.67 575.68-0.55 14.93 548.49 Mdsx High -0.36 15.71 577.15-0.43 15.05 552.90 Mdsx Average -0.38 -0.7115.69 576.42-0.49-0.8414.99 550.70 Hensall -0.40 15.67 575.68-0.58 14.90 547.57 Bruce -0.40 15.67 575.68-0.55 14.93 548.49 Putnam -0.40 15.67 575.68-0.55 14.93 548.49 Burford -0.36 15.71 577.15-0.43 15.05 552.90 Port Perry -0.39 15.68 576.05-0.46 15.02 551.80 Norfolk -0.32 15.75 578.62-0.52 14.96 549.59 Palmerston -0.50 15.57 572.01-0.70 14.78 542.98 Varna -0.40 15.67 575.68-0.60 14.88 546.65 Trenton -0.55 15.52 570.17-0.43 15.05 552.90 Winchester -0.61 15.46 567.97-0.33 15.15 556.58 North Gower -0.44 15.63 574.21-0.28 15.20 558.41 Huron FOB -0.30 15.77 579.36-0.50 14.98 550.33 Kent FOB -0.36 15.71 577.15-0.57 14.91 547.76 Lambton FOB -0.36 15.71 577.15-0.57 14.91 547.76 Middlesex FOB-0.20-0.15 N/A N/A 15.87 583.03-0.22 15.26 560.62 PROCESSORS Hamilton 0.10 0.30 0.45 0.15 16.17 594.050.15 15.63 574.21 Windsor 0.19 0.10 N/A N/A 16.26 597.360.02 15.50 569.44 Winchester -0.52 15.55 571.27-0.30 15.18 557.68 TRANSFER Hamilton 0.21 N/A N/A N/A 16.28 598.100.17 15.65 574.95 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 16.19 594.88-0.29 15.19 558.18 Bank of Canada Noon exchange rate was 1.0212 up 0.0013 Chicago wheat closed moderately higher to higher. SEP12 HI 8.44 3/4 JUL13 HI 8.40 LOW 8.15 LOW 8.21 1/2 CLOSE 8.28 1/4 Up 22 CLOSE 8.31 Up 13 1/4 Minni wheat closed steady to higher. SEP12 HI 9.36 3/4 SEP13 HI 8.70 LOW 9.12 LOW 8.70 CLOSE 9.26 3/4 Up 21 1/4 CLOSE 8.70 Unchanged 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 8.50 8.86 8.05 8.74 CAD $/tonne 312.48 325.60 295.60 321.29 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 0.15 -0.55 N/A N/A 0.10 -0.70 N/A London -0.20 0.06 -0.56 N/A -0.18 0.08 -0.74 N/A Hensall 0.05 N/A -0.55 N/A -0.25 N/A -0.70 N/A Trenton N/A N/A -0.90 N/A N/A N/A -0.85 N/A Winchester N/A N/A N/A -0.38 N/A N/A N/A N/A Essex N/A N/A -0.53 N/A N/A N/A -0.64 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 0.05 -0.62 N/A N/A -0.05 -0.82 N/A Brigden N/A 0.05 -0.62 N/A N/A -0.05 -0.82 N/A Palmerston N/A 0.14 -0.68 -0.53 N/A -0.02 -0.84 -0.58 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 -0.54 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 -0.65 N/A N/A N/A -0.50 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 0.37N/A N/A N/A 0.39N/A Toledo El. 8.35US 8.52CA 8.33US 8.52CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.03 0.44 -0.33 CAD $/bu 8.34 8.75 7.98 CAD $/tonne 306.54 321.57 293.39 (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 584.23 - 589.75 DDG's FOB Srn, Wndr, Aylm 220.00 - 225.00