FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0124 down 0.0071 Chicago corn closed sharply higher. SEP12 HI 7.38 1/2 DEC12 HI 7.39 LOW 7.04 1/2 LOW 7.05 CLOSE7.31 1/4 Up 27 1/4 CLOSE 7.32 1/4 Up 28 1/4 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 7.11 280.01 -0.95 6.37 250.87 CK High -0.10 7.21 283.94 -0.85 6.47 254.81 CK Avg -0.15 -0.29 7.16 281.98 -0.91 -1.07 6.41 252.51 Essex Cty -0.15 7.16 281.98 -0.90 6.42 252.84 Mdsx Low -0.20 7.11 280.01 -0.95 6.37 250.87 Mdsx High -0.10 7.21 283.94 -0.90 6.42 252.84 Mdsx Avg -0.15 -0.29 7.16 281.98 -0.93 -1.09 6.40 251.86 Hensall -0.13 7.19 282.96 -0.95 6.37 250.87 Bruce -0.10 7.21 283.94 -0.95 6.37 250.87 Putnam -0.10 7.21 283.94 -0.95 6.37 250.87 Burford -0.20 7.11 280.01 -0.90 6.42 252.84 Port Perry 0.00 7.31 287.88 -0.90 6.42 252.84 Norfolk -0.20 7.11 280.01 -0.90 6.42 252.84 Palmerston -0.15 7.16 281.98 -1.05 6.27 246.94 Varna -0.10 7.21 283.94 -0.95 6.37 250.87 Trenton 0.15 7.46 293.79 -0.90 6.42 252.84 Winchester 0.30 7.61 299.69 -0.75 6.57 258.75 North Gower 0.10 7.41 291.82 -0.97 6.35 250.09 Huron FOB -0.10 7.21 283.94 -0.95 6.37 250.87 Kent FOB -0.20 7.11 280.01 -0.90 6.42 252.84 Lamb FOB -0.20 7.11 280.01 -0.90 6.42 252.84 Mdsx FOB N/A 0.00N/A N/A -0.90 6.42 252.84 FOB SW Que 0.35 7.66 301.66 -0.50 6.82 268.59 Track 0.35 7.66 301.66N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.95 6.37 250.87 Jhnstwn-Eth N/A N/A N/A N/A -0.75 6.57 258.75 Aylmer-Eth -0.10 -0.10 -0.05 -0.60 7.21 283.94 -1.00 6.32 248.91 Sarn-Eth N/A N/A 0.00 -0.70 -0.70 6.62 260.72 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.55 -0.75 -0.65 6.67 262.68 Pt.Colb-Cas N/A 0.65 0.70 -0.70 -0.60 6.72 264.65 Cardnl-Cas N/A N/A 0.70 -0.70 -0.60 6.72 264.65 W O Feed 0.47 0.46 7.78 306.38 US Rep 0.61 0.60 7.92 311.90 Toledo El. 0.33 7.64 300.73 -0.24 7.09 279.02 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.35 7.66301 2/3 -0.60 6.72264 2/3 MID SD CRN -0.90 1 6.42 1/4 HI SD CRN -0.85 6.47 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0124 down 0.0071 Chicago soybeans closed slightly higher. AUG12 HI 15.89 NOV12 HI 15.42 1/2 LOW 15.59 1/4 LOW 15.10 1/2 CLOSE15.72 1/2 Up 1 CLOSE 15.29 Up 6 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.40 15.33 563.10-0.60 14.69 539.77 CK High -0.25 15.48 568.61-0.40 14.89 547.11 CK Average -0.32 -0.6315.40 565.91-0.54-0.8814.75 541.91 Essex Cty -0.06 15.67 575.59-0.33 14.96 549.69 Mdsx Low -0.35 15.38 564.93-0.60 14.69 539.77 Mdsx High -0.34 15.39 565.30-0.50 14.79 543.44 Mdsx Average -0.35 -0.6515.38 565.12-0.55-0.8814.74 541.60 Hensall -0.35 15.38 564.93-0.60 14.69 539.77 Bruce -0.35 15.38 564.93-0.60 14.69 539.77 Putnam -0.30 15.43 566.77-0.55 14.74 541.60 Burford -0.34 15.39 565.30-0.50 14.79 543.44 Port Perry -0.37 15.36 564.20-0.53 14.76 542.34 Norfolk -0.25 15.48 568.61-0.50 14.79 543.44 Palmerston -0.50 15.23 559.42-0.70 14.59 536.09 Varna -0.40 15.33 563.10-0.60 14.69 539.77 Trenton -0.50 15.23 559.42-0.50 14.79 543.44 Winchester -0.50 15.23 559.42-0.39 14.90 547.48 North Gower -0.44 15.29 561.63-0.26 15.03 552.26 Huron FOB -0.30 15.43 566.77-0.50 14.79 543.44 Kent FOB -0.29 15.44 567.14-0.55 14.74 541.60 Lambton FOB -0.29 15.44 567.14-0.55 14.74 541.60 Middlesex FOB-0.23-0.16 N/A N/A 15.50 569.34-0.19 15.10 554.83 PROCESSORS Hamilton 0.45 0.80 0.55 0.15 16.18 594.330.15 15.44 567.32 Windsor 0.17 0.07 N/A N/A 15.90 584.04-0.10 15.19 558.14 Winchester -0.44 15.29 561.63-0.31 14.98 550.42 TRANSFER Hamilton 0.15 N/A N/A N/A 15.88 583.310.20 15.49 569.16 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.05 15.68 575.960.20 15.49 569.16 Toledo El. 0.02 15.75 578.54-0.29 15.00 551.30 Bank of Canada Noon exchange rate was 1.0124 down 0.0071 Chicago wheat closed slightly higher to higher. SEP12 HI 8.58 JUL13 HI 8.34 LOW 8.20 1/4 LOW 8.19 1/2 CLOSE 8.46 3/4 Up 20 1/2 CLOSE 8.26 3/4 Up 6 1/2 Minni wheat closed slightly higher to higher. SEP12 HI 9.50 SEP13 HI 8.76 3/4 LOW 9.18 LOW 8.58 CLOSE 9.42 Up 22 CLOSE 8.67 1/2 Up 5 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.06 0.42 -0.39 -0.63 CAD $/bu 8.53 8.89 8.07 8.79 CAD $/tonne 313.50 326.62 296.64 322.96 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 0.11 -0.60 N/A N/A 0.05 -0.60 N/A London -0.20 0.06 -0.66 N/A -0.21 -0.01 -0.77 N/A Hensall -0.10 N/A -0.60 N/A -0.25 N/A -0.60 N/A Trenton N/A N/A -0.80 N/A N/A N/A -1.00 N/A Winchester N/A N/A N/A -0.69 N/A N/A N/A N/A Essex N/A N/A -0.59 N/A N/A N/A -0.80 N/A Norwich -0.10 N/A -0.60 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 -0.10 N/A -0.65 N/A -0.25 N/A -0.70 N/A Chatham N/A 0.10 -0.62 N/A N/A 0.00 -0.72 N/A Brigden N/A 0.10 -0.62 N/A N/A 0.00 -0.72 N/A Palmerston N/A 0.12 -0.69 -0.53 N/A -0.03 -0.85 -0.58 Varna 0.00 0.05 -0.65 N/A N/A 0.00 -0.80 N/A Mitchell -0.10 0.10 -0.60 N/A -0.25 0.20 -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 -0.64 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 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 0.57 1.19 0.37N/A N/A N/A 0.39N/A Toledo El. 8.54US 8.71CA 8.29US 8.47CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.13 0.28 -0.48 CAD $/bu 8.14 8.55 7.78 CAD $/tonne 299.16 314.18 286.02 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 335.00 - 350.00 Bayport Oats 330.00 Bayport Barley 330.00 FOB Hm Soymeal 576.19 - 581.70 DDG's FOB Srn, Wndr, Aylm 230.00 - 240.00