FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 17 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0141 down 0.0016 Chicago corn closed mixed. SEP12 HI 7.96 1/2 DEC12 HI 7.89 LOW 7.67 LOW 7.62 1/4 CLOSE7.79 1/2 Up 2 3/4 CLOSE 7.71 1/4 Down 1 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 7.60 299.00 -0.90 6.81 268.20 CK High -0.15 7.65 300.97 -0.80 6.91 272.13 CK Avg -0.17 -0.28 7.62 300.12 -0.82 -0.94 6.90 271.48 Essex Cty -0.20 7.60 299.00 -0.90 6.81 268.20 Mdsx Low -0.20 7.60 299.00 -0.85 6.86 270.16 Mdsx High -0.15 7.65 300.97 -0.80 6.91 272.13 Mdsx Avg -0.18 -0.29 7.62 299.99 -0.83 -0.95 6.89 271.15 Hensall -0.15 7.65 300.97 -0.90 6.81 268.20 Bruce -0.15 7.65 300.97 -0.85 6.86 270.16 Putnam -0.15 7.65 300.97 -0.85 6.86 270.16 Burford -0.20 7.60 299.00 -0.80 6.91 272.13 Port Perry 0.00 7.80 306.88 -0.85 6.86 270.16 Norfolk -0.18 7.62 299.79 -0.80 6.91 272.13 Palmerston -0.15 7.65 300.97 -1.00 6.71 264.26 Varna -0.15 7.65 300.97 -0.95 6.76 266.23 Trenton 0.00 7.80 306.88 -0.90 6.81 268.20 Winchester 0.25 8.05 316.72 -0.70 7.01 276.07 North Gower 0.10 7.90 310.81 -1.02 6.69 263.47 Huron FOB -0.10 7.70 302.94 -0.95 6.76 266.23 Kent FOB -0.18 7.62 299.79 -0.80 6.91 272.13 Lamb FOB -0.18 7.62 299.79 -0.80 6.91 272.13 Mdsx FOB N/A 0.00N/A N/A -0.80 6.91 272.13 FOB SW Que 0.25 8.05 316.72 -0.60 7.11 280.01 Track 0.30 8.10 318.69N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.95 6.76 266.23 Jhnstwn-Eth N/A N/A N/A N/A -0.75 6.96 274.10 Aylmer-Eth -0.10 -0.10 -0.05 -0.60 7.70 302.94 -1.00 6.71 264.26 Sarn-Eth N/A N/A 0.00 -0.55 -0.55 7.16 281.98 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A 0.35 -0.75 -0.65 7.06 278.04 Pt.Colb-Cas 0.60 0.65 0.70 -0.70 8.40 330.50 -0.60 7.11 280.01 Cardnl-Cas N/A N/A 0.70 -0.70 -0.60 7.11 280.01 W O Feed 0.33 0.32 8.13 319.87 US Rep 0.95 0.94 8.75 344.28 Toledo El. 0.32 8.12 319.66 -0.13 7.58 298.43 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.32 8.12319 1/2 -0.63 7.08278 5/6 MID SD CRN -0.85 6.86 1/4 HI SD CRN -0.80 6.91 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0141 down 0.0016 Chicago soybeans closed mixed. AUG12 HI 16.47 3/4 NOV12 HI 16.07 LOW 16.16 3/4 LOW 15.75 1/4 CLOSE16.39 Up 5 1/4 CLOSE 15.90 1/2 Unchanged OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.52 15.87 583.12-0.56 15.35 563.83 CK High -0.27 16.12 592.31-0.45 15.46 567.87 CK Average -0.35 -0.5916.04 589.43-0.53-0.7815.38 565.12 Essex Cty -0.15 16.24 596.72-0.42 15.49 568.98 Mdsx Low -0.46 15.93 585.33-0.57 15.34 563.46 Mdsx High -0.30 16.09 591.21-0.55 15.36 564.20 Mdsx Average -0.38 -0.6216.01 588.27-0.56-0.8215.35 563.83 Hensall -0.33 16.07 590.29-0.58 15.33 563.28 Bruce -0.30 16.09 591.21-0.55 15.36 564.20 Putnam -0.30 16.09 591.21-0.55 15.36 564.20 Burford -0.46 15.93 585.33-0.57 15.34 563.46 Port Perry -0.49 15.90 584.22-0.60 15.31 562.36 Norfolk -0.23 16.16 593.78-0.49 15.42 566.40 Palmerston -0.40 15.99 587.53-0.65 15.26 560.53 Varna -0.40 15.99 587.53-0.60 15.31 562.36 Trenton -0.55 15.84 582.02-0.57 15.34 563.46 Winchester -0.60 15.79 580.18-0.47 15.44 567.14 North Gower -0.25 16.14 593.04-0.38 15.53 570.45 Huron FOB -0.30 16.09 591.21-0.50 15.41 566.04 Kent FOB -0.27 16.12 592.31-0.54 15.37 564.57 Lambton FOB -0.27 16.12 592.31-0.54 15.37 564.57 Middlesex FOB-0.35-0.35 N/A N/A 16.04 589.37-0.31 15.60 573.02 PROCESSORS Hamilton 0.25 0.55 0.40 0.05 16.64 611.420.05 15.96 586.25 Windsor 0.08 -0.02 N/A N/A 16.47 605.17-0.19 15.72 577.43 Winchester -0.50 15.89 583.86-0.37 15.54 570.81 TRANSFER Hamilton 0.15 N/A N/A N/A 16.54 607.740.05 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 16.29 598.560.10 16.01 588.08 Toledo El. 0.02 16.41 602.97-0.28 15.62 573.95 Bank of Canada Noon exchange rate was 1.0141 down 0.0016 Chicago wheat closed narrowly mixed. SEP12 HI 8.98 1/2 JUL13 HI 8.47 LOW 8.66 LOW 8.24 CLOSE 8.85 Up 1/2 CLOSE 8.40 1/2 Down 1/2 Minni wheat closed slightly to moderately higher. SEP12 HI 10.04 1/2 SEP13 HI 8.99 LOW 9.77 LOW 8.90 CLOSE 9.87 Up 4 CLOSE 8.99 Up 15 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.03 0.28 -0.43 -0.67 CAD $/bu 8.88 9.13 8.42 9.20 CAD $/tonne 326.17 335.49 309.40 338.10 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 -0.16 0.09 -0.92 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 -0.79 N/A N/A N/A -0.89 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 0.48 1.14 0.23N/A N/A N/A 0.24N/A Toledo El. 8.92US 9.05CA 8.38US 8.51CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.17 0.24 -0.52 -0.72 CAD $/bu 8.24 8.64 7.88 8.27 CAD $/tonne 302.65 317.59 289.58 303.96 (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 340.00 Bayport Barley 340.00 FOB Hm Soymeal 610.69 - 612.90 DDG's FOB Srn, Wndr, Aylm 245.00 - 265.00