FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 10 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0203 down 0.0009 Chicago corn closed moderately lower to lower. SEP12 HI 7.34 DEC12 HI 7.32 LOW 7.13 1/2 LOW 7.12 1/2 CLOSE7.18 1/2 Down 13 1/2 CLOSE 7.17 1/2 Down 12 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 7.04 276.96 -0.95 6.23 245.07 CK High -0.05 7.14 280.89 -0.90 6.28 247.04 CK Avg -0.12 -0.29 7.07 278.27 -0.94 -1.13 6.23 245.40 Essex Cty -0.10 7.09 278.92 -0.90 6.28 247.04 Mdsx Low -0.15 7.04 276.96 -0.95 6.23 245.07 Mdsx High -0.10 7.09 278.92 -0.95 6.23 245.07 Mdsx Avg -0.13 -0.30 7.06 277.94 -0.95 -1.14 6.23 245.07 Hensall -0.10 7.09 278.92 -0.95 6.23 245.07 Bruce -0.10 7.09 278.92 -0.95 6.23 245.07 Putnam -0.10 7.09 278.92 -0.95 6.23 245.07 Burford -0.15 7.04 276.96 -0.95 6.23 245.07 Port Perry 0.00 7.19 282.86 -0.95 6.23 245.07 Norfolk -0.15 7.04 276.96 -0.95 6.23 245.07 Palmerston -0.15 7.04 276.96 -1.05 6.13 241.13 Varna -0.05 7.14 280.89 -0.95 6.23 245.07 Trenton 0.15 7.34 288.77 -0.85 6.33 249.00 Winchester 0.35 7.54 296.64 -0.70 6.48 254.91 North Gower 0.15 7.34 288.77 -0.95 6.23 245.07 Huron FOB -0.10 7.09 278.92 -0.95 6.23 245.07 Kent FOB -0.15 7.04 276.96 -0.95 6.23 245.07 Lamb FOB -0.15 7.04 276.96 -0.95 6.23 245.07 Mdsx FOB N/A -0.25 -0.20N/A -0.95 6.23 245.07 FOB SW Que 0.35 7.54 296.64 -0.45 6.73 264.75 Track 0.40 7.59 298.61N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.85 6.33 249.00 Jhnstwn-Eth N/A N/A N/A N/A -0.65 6.53 256.88 Aylmer-Eth -0.10 -0.10 -0.05 -0.60 7.09 278.92 -1.00 6.18 243.10 Sarn-Eth N/A N/A 0.00 -0.70 -0.70 6.48 254.91 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.60 -0.75 -0.65 6.53 256.88 Pt.Colb-Cas N/A 0.65 0.70 -0.70 -0.60 6.58 258.85 Cardnl-Cas N/A N/A 0.70 -0.70 -0.60 6.58 258.85 W O Feed 0.50 0.48 7.69 302.55 US Rep 0.61 0.59 7.80 306.88 Toledo El. 0.33 7.51 295.76 -0.24 6.94 273.18 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.35 7.54296 2/3 -0.55 6.63260 4/5 MID SD CRN -0.92 1/2 6.25 HI SD CRN -0.90 6.27 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0203 down 0.0009 Chicago soybeans closed slightly to moderately lower. AUG12 HI 16.11 1/4 NOV12 HI 15.55 1/2 LOW 15.86 1/4 LOW 15.31 CLOSE15.90 1/2 Down 16 1/4 CLOSE 15.38 1/2 Down 9 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.40 15.51 569.71-0.60 14.79 543.26 CK High -0.30 15.61 573.39-0.48 14.91 547.66 CK Average -0.37 -0.7515.54 570.94-0.54-0.9414.85 545.46 Essex Cty -0.01 15.90 584.04-0.18 15.21 558.69 Mdsx Low -0.40 15.51 569.71-0.60 14.79 543.26 Mdsx High -0.40 15.51 569.71-0.46 14.93 548.40 Mdsx Average -0.40 -0.7815.51 569.71-0.53-0.9314.86 545.83 Hensall -0.40 15.51 569.71-0.60 14.79 543.26 Bruce -0.40 15.51 569.71-0.55 14.84 545.09 Putnam -0.40 15.51 569.71-0.60 14.79 543.26 Burford -0.40 15.51 569.71-0.46 14.93 548.40 Port Perry -0.43 15.48 568.61-0.49 14.90 547.30 Norfolk -0.30 15.61 573.39-0.51 14.88 546.56 Palmerston -0.50 15.41 566.04-0.70 14.69 539.58 Varna -0.40 15.51 569.71-0.60 14.79 543.26 Trenton -0.55 15.36 564.20-0.50 14.89 546.93 Winchester -0.56 15.35 563.83-0.30 15.09 554.28 North Gower -0.44 15.47 568.24-0.28 15.11 555.01 Huron FOB -0.30 15.61 573.39-0.50 14.89 546.93 Kent FOB -0.34 15.57 571.92-0.56 14.83 544.73 Lambton FOB -0.34 15.57 571.92-0.56 14.83 544.73 Middlesex FOB-0.24-0.19 N/A N/A 15.67 575.59-0.25 15.14 556.12 PROCESSORS Hamilton 0.10 0.30 0.45 0.15 16.01 588.080.15 15.54 570.81 Windsor 0.22 0.13 N/A N/A 16.13 592.490.05 15.44 567.14 Winchester -0.52 15.39 565.30-0.30 15.09 554.28 TRANSFER Hamilton 0.21 N/A N/A N/A 16.12 592.120.17 15.56 571.55 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 15.91 584.410.20 15.59 572.65 Toledo El. 0.02 15.93 585.16-0.29 15.10 554.75 Bank of Canada Noon exchange rate was 1.0203 down 0.0009 Chicago wheat closed slightly lower. SEP12 HI 8.33 1/4 JUL13 HI 8.30 3/4 LOW 8.06 3/4 LOW 8.11 1/4 CLOSE 8.21 1/4 Down 7 CLOSE 8.23 1/4 Down 7 3/4 Minni wheat closed slightly lower to steady. SEP12 HI 9.29 1/2 SEP13 HI 8.70 LOW 9.06 LOW 8.65 CLOSE 9.18 Down 8 3/4 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 0.15 0.51 -0.31 -0.55 CAD $/bu 8.36 8.72 7.90 8.63 CAD $/tonne 307.17 320.34 290.24 317.24 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 0.00 -0.70 N/A London -0.20 0.06 -0.56 N/A -0.19 0.06 -0.75 N/A Hensall -0.10 N/A -0.55 N/A -0.25 N/A -0.70 N/A Trenton N/A N/A -0.75 N/A N/A N/A -1.00 N/A Winchester N/A N/A N/A -0.38 N/A N/A N/A N/A Essex N/A N/A -0.57 N/A N/A N/A -0.78 N/A Norwich -0.10 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 -0.10 N/A -0.60 N/A -0.25 N/A -0.80 N/A Chatham N/A 0.11 -0.60 N/A N/A 0.00 -0.75 N/A Brigden N/A 0.11 -0.60 N/A N/A 0.00 -0.75 N/A Palmerston N/A 0.14 -0.68 -0.53 N/A -0.02 -0.84 -0.58 Varna 0.00 0.05 -0.65 N/A N/A 0.00 -0.80 N/A Mitchell -0.10 0.15 -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 0.61 1.22 0.40N/A N/A N/A 0.42N/A Toledo El. 8.28US 8.48CA 8.25US 8.47CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.04 0.37 -0.40 CAD $/bu 8.19 8.60 7.83 CAD $/tonne 300.95 316.03 287.76 (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 577.95 - 583.46 DDG's FOB Srn, Wndr, Aylm 220.00 - 235.00