FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 16 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0157 up 0.0006 Chicago corn closed sharply higher. SEP12 HI 7.80 1/4 DEC12 HI 7.78 LOW 7.49 1/4 LOW 7.49 1/4 CLOSE7.76 3/4 Up 36 1/4 CLOSE 7.72 1/2 Up 32 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 7.57 297.92 -1.00 6.73 264.75 CK High -0.10 7.67 301.86 -0.85 6.88 270.66 CK Avg -0.17 -0.29 7.60 299.23 -0.89 -1.03 6.83 269.02 Essex Cty -0.15 7.62 299.89 -0.85 6.88 270.66 Mdsx Low -0.20 7.57 297.92 -0.90 6.83 268.69 Mdsx High -0.15 7.62 299.89 -0.85 6.88 270.66 Mdsx Avg -0.18 -0.30 7.59 298.90 -0.88 -1.01 6.85 269.67 Hensall -0.15 7.62 299.89 -0.93 6.80 267.70 Bruce -0.15 7.62 299.89 -0.90 6.83 268.69 Putnam -0.15 7.62 299.89 -0.90 6.83 268.69 Burford -0.20 7.57 297.92 -0.85 6.88 270.66 Port Perry 0.00 7.77 305.79 -0.85 6.88 270.66 Norfolk -0.20 7.57 297.92 -0.85 6.88 270.66 Palmerston -0.15 7.62 299.89 -1.00 6.73 264.75 Varna -0.15 7.62 299.89 -0.95 6.78 266.72 Trenton 0.10 7.87 309.73 -0.90 6.83 268.69 Winchester 0.30 8.07 317.60 -0.75 6.98 274.59 North Gower 0.10 7.87 309.73 -1.20 6.53 256.88 Huron FOB -0.10 7.67 301.86 -0.95 6.78 266.72 Kent FOB -0.20 7.57 297.92 -0.85 6.88 270.66 Lamb FOB -0.20 7.57 297.92 -0.85 6.88 270.66 Mdsx FOB N/A 0.00N/A N/A -0.85 6.88 270.66 FOB SW Que 0.25 8.02 315.64 -0.60 7.13 280.50 Track 0.35 8.12 319.57N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.95 6.78 266.72 Jhnstwn-Eth N/A N/A N/A N/A -0.75 6.98 274.59 Aylmer-Eth -0.10 -0.10 -0.05 -0.60 7.67 301.86 -1.00 6.73 264.75 Sarn-Eth N/A N/A 0.00 -0.70 -0.70 7.03 276.56 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.45 -0.75 -0.65 7.08 278.53 Pt.Colb-Cas 0.60 0.65 0.70 -0.70 8.37 329.41 -0.60 7.13 280.50 Cardnl-Cas N/A N/A 0.70 -0.70 -0.60 7.13 280.50 W O Feed 0.33 0.31 8.10 318.78 US Rep 0.95 0.93 8.72 343.19 Toledo El. 0.33 8.09 318.59 -0.13 7.59 298.91 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.32 8.09318 2/5 -0.63 7.10279 1/3 MID SD CRN -0.92 1/2 6.80 HI SD CRN -0.85 6.87 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0157 up 0.0006 Chicago soybeans closed moderately higher to higher. AUG12 HI 16.36 NOV12 HI 15.98 1/2 LOW 16.10 LOW 15.68 CLOSE16.33 3/4 Up 39 CLOSE 15.90 1/2 Up 38 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.52 15.82 581.19-0.61 15.30 562.00 CK High -0.27 16.07 590.38-0.50 15.41 566.04 CK Average -0.35 -0.6115.99 587.50-0.55-0.8315.36 564.20 Essex Cty -0.12 16.22 595.89-0.39 15.52 570.08 Mdsx Low -0.46 15.88 583.40-0.57 15.34 563.46 Mdsx High -0.30 16.04 589.28-0.55 15.36 564.20 Mdsx Average -0.38 -0.6415.96 586.34-0.56-0.8415.35 563.83 Hensall -0.33 16.01 588.36-0.58 15.33 563.28 Bruce -0.30 16.04 589.28-0.55 15.36 564.20 Putnam -0.30 16.04 589.28-0.55 15.36 564.20 Burford -0.46 15.88 583.40-0.57 15.34 563.46 Port Perry -0.49 15.85 582.30-0.60 15.31 562.36 Norfolk -0.23 16.11 591.85-0.49 15.42 566.40 Palmerston -0.40 15.94 585.60-0.65 15.26 560.53 Varna -0.40 15.94 585.60-0.60 15.31 562.36 Trenton -0.55 15.79 580.09-0.60 15.31 562.36 Winchester -0.60 15.74 578.25-0.47 15.44 567.14 North Gower -0.34 16.00 587.81-0.38 15.53 570.45 Huron FOB -0.30 16.04 589.28-0.50 15.41 566.04 Kent FOB -0.27 16.07 590.38-0.54 15.37 564.57 Lambton FOB -0.27 16.07 590.38-0.54 15.37 564.57 Middlesex FOB-0.35-0.35 N/A N/A 15.99 587.44-0.31 15.60 573.02 PROCESSORS Hamilton 0.30 0.60 0.45 0.05 16.64 611.320.05 15.96 586.25 Windsor 0.11 0.00 N/A N/A 16.45 604.34-0.16 15.75 578.53 Winchester -0.44 15.90 584.13-0.31 15.60 573.02 TRANSFER Hamilton 0.15 N/A N/A N/A 16.49 605.810.05 15.96 586.25 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 16.24 596.630.10 16.01 588.08 Toledo El. 0.02 16.36 601.05-0.28 15.62 573.94 Bank of Canada Noon exchange rate was 1.0157 up 0.0006 Chicago wheat closed moderately higher to higher. SEP12 HI 8.89 JUL13 HI 8.49 LOW 8.56 1/4 LOW 8.32 3/4 CLOSE 8.84 1/2 Up 36 3/4 CLOSE 8.41 Up 10 3/4 Minni wheat closed slightly higher to higher. SEP12 HI 9.89 1/2 SEP13 HI 8.90 LOW 9.53 1/2 LOW 8.65 CLOSE 9.82 1/4 Up 32 3/4 CLOSE 8.84 Up 8 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.04 0.39 -0.42 -0.66 CAD $/bu 8.88 9.24 8.43 9.17 CAD $/tonne 326.42 339.48 309.62 336.77 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 0.00 -0.60 N/A N/A -0.05 -0.65 N/A London -0.06 0.20 -0.51 N/A -0.27 -0.06 -0.83 N/A Hensall -0.35 N/A -0.60 N/A -0.25 N/A -0.65 N/A Trenton N/A N/A -0.85 N/A N/A N/A -1.05 N/A Winchester N/A N/A N/A -0.69 N/A N/A N/A N/A Essex N/A N/A -0.77 N/A N/A N/A -0.88 N/A Norwich -0.25 N/A -0.60 N/A -0.25 N/A -0.65 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.25 N/A -0.65 N/A -0.25 N/A -0.75 N/A Chatham N/A 0.05 -0.64 N/A N/A 0.05 -0.75 N/A Brigden N/A 0.05 -0.64 N/A N/A 0.05 -0.75 N/A Palmerston N/A 0.13 -0.68 -0.61 N/A -0.07 -0.89 -0.83 Varna 0.00 0.05 -0.65 N/A N/A 0.00 -0.80 N/A Mitchell -0.40 0.15 -0.60 N/A -0.25 0.00 -0.65 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 -0.84 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 -0.70 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 0.50 1.16 0.24N/A N/A N/A 0.25N/A Toledo El. 8.92US 9.06CA 8.43US 8.58CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.16 0.25 -0.51 CAD $/bu 8.25 8.66 7.90 CAD $/tonne 303.30 318.26 290.21 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 350.00 - 360.00 Bayport Oats 330.00 Bayport Barley 335.00 FOB Hm Soymeal 603.31 - 605.51 DDG's FOB Srn, Wndr, Aylm 230.00 - 265.00