FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 19 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0077 down 0.0035 Chicago corn closed mixed. SEP12 HI 8.16 3/4 DEC12 HI 7.99 LOW 7.90 1/4 LOW 7.76 1/2 CLOSE8.07 3/4 Up 12 3/4 CLOSE 7.78 1/2 Down 5 3/4 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 7.88 310.12 -0.80 6.99 274.99 CK High -0.15 7.93 312.09 -0.75 7.04 276.96 CK Avg -0.19 -0.26 7.89 310.58 -0.79 -0.88 6.99 275.32 Essex Cty -0.20 7.88 310.12 -0.65 7.14 280.89 Mdsx Low -0.20 7.88 310.12 -0.85 6.94 273.02 Mdsx High -0.20 7.88 310.12 -0.80 6.99 274.99 Mdsx Avg -0.20 -0.27 7.88 310.12 -0.83 -0.91 6.96 274.00 Hensall -0.18 7.90 311.11 -0.83 6.96 274.00 Bruce -0.20 7.88 310.12 -0.85 6.94 273.02 Putnam -0.15 7.93 312.09 -0.85 6.94 273.02 Burford -0.20 7.88 310.12 -0.80 6.99 274.99 Port Perry -0.10 7.98 314.06 -0.85 6.94 273.02 Norfolk -0.18 7.90 310.91 -0.80 6.99 274.99 Palmerston -0.15 7.93 312.09 -0.85 6.94 273.02 Varna -0.15 7.93 312.09 -0.80 6.99 274.99 Trenton 0.00 8.08 318.00 -0.95 6.84 269.08 Winchester -0.20 7.88 310.12 -0.70 7.09 278.92 North Gower 0.10 8.18 321.93 -0.98 6.81 267.90 Huron FOB -0.10 7.98 314.06 -0.80 6.99 274.99 Kent FOB -0.18 7.90 310.91 -0.80 6.99 274.99 Lamb FOB -0.18 7.90 310.91 -0.80 6.99 274.99 Mdsx FOB N/A 0.00N/A N/A -0.80 6.99 274.99 FOB SW Que -0.26 7.82 307.76 -0.60 7.19 282.86 Track 0.25 8.33 327.84N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 7.14 280.89 Jhnstwn-Eth N/A N/A N/A N/A -0.65 7.14 280.89 Aylmer-Eth -0.10 -0.10 -0.05 -0.75 7.98 314.06 -0.75 7.04 276.96 Sarn-Eth N/A N/A 0.00 -0.55 -0.55 7.24 284.83 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A N/A -0.75 -0.65 7.14 280.89 Pt.Colb-Cas N/A N/A 0.70 -0.70 -0.60 7.19 282.86 Cardnl-Cas N/A N/A 0.70 -0.70 -0.60 7.19 282.86 W O Feed 0.33 0.32 8.41 330.99 US Rep 0.75 0.74 8.83 347.52 Toledo El. 0.32 8.40 330.71 0.07 7.86 309.27 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton N/A -0.63 7.16281 2/3 MID SD CRN -0.77 1/2 7.01 HI SD CRN -0.75 7.03 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0077 down 0.0035 Chicago soybeans closed mixed. AUG12 HI 17.49 NOV12 HI 16.73 3/4 LOW 16.77 1/2 LOW 16.13 1/2 CLOSE17.33 3/4 Up 50 1/4 CLOSE 16.52 1/4 Up 32 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV12 CK Low -0.45 16.89 620.51-0.69 15.83 581.74 CK High -0.10 17.24 633.37-0.55 15.97 586.89 CK Average -0.36 -0.5216.98 623.88-0.63-0.8115.89 583.89 Essex Cty -0.18 17.16 630.43-0.50 16.02 588.73 Mdsx Low -0.50 16.84 618.67-0.71 15.81 581.01 Mdsx High -0.40 16.94 622.35-0.65 15.87 583.21 Mdsx Average -0.45 -0.6116.89 620.51-0.68-0.8615.84 582.11 Hensall -0.40 16.94 622.35-0.65 15.87 583.21 Bruce -0.40 16.94 622.35-0.65 15.87 583.21 Putnam -0.30 17.04 626.02-0.55 15.97 586.89 Burford -0.50 16.84 618.67-0.71 15.81 581.01 Port Perry -0.51 16.83 618.30-0.72 15.80 580.64 Norfolk -0.36 16.98 623.82-0.61 15.91 584.68 Palmerston -0.40 16.94 622.35-0.65 15.87 583.21 Varna -0.40 16.94 622.35-0.60 15.92 585.05 Trenton -0.40 16.94 622.35-0.61 15.91 584.68 Winchester -0.34 17.00 624.55-0.56 15.96 586.52 North Gower -0.46 16.88 620.14-0.58 15.94 585.79 Huron FOB -0.40 16.94 622.35-0.65 15.87 583.21 Kent FOB -0.40 16.94 622.35-0.66 15.86 582.85 Lambton FOB -0.40 16.94 622.35-0.66 15.86 582.85 Middlesex FOB-0.37-0.47 N/A N/A 16.97 623.45-0.50 16.02 588.73 PROCESSORS Hamilton 0.15 0.80 0.60 -0.05 17.49 642.56-0.05 16.47 605.26 Windsor 0.05 -0.10 N/A N/A 17.39 638.88-0.26 16.26 597.54 Winchester -0.51 16.83 618.30-0.38 16.14 593.14 TRANSFER Hamilton -0.40 N/A N/A N/A 16.94 622.35-0.05 16.47 605.26 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.20 17.14 629.700.00 16.52 607.10 Toledo El. 0.02 17.36 637.79-0.28 16.24 596.70 Bank of Canada Noon exchange rate was 1.0077 down 0.0035 Chicago wheat closed mixed. SEP12 HI 9.38 JUL13 HI 8.53 1/4 LOW 8.96 1/2 LOW 8.07 1/2 CLOSE 9.35 Up 31 3/4 CLOSE 8.16 1/2 Down 20 1/4 Minni wheat closed mixed. SEP12 HI 10.30 1/4 SEP13 HI 9.03 LOW 9.93 LOW 8.78 CLOSE 10.22 Up 24 CLOSE 8.90 Down 10 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.02 0.24 -0.47 -0.71 CAD $/bu 9.33 9.59 8.88 9.51 CAD $/tonne 343.00 352.27 326.31 349.30 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 -0.10 -0.75 N/A N/A -0.20 -0.85 N/A London -0.34 -0.09 -0.74 N/A -0.34 -0.14 -0.90 N/A Hensall -0.35 N/A -0.75 N/A -0.25 N/A -0.70 N/A Trenton N/A N/A -0.95 N/A N/A N/A -1.25 N/A Winchester N/A N/A N/A -0.69 N/A N/A N/A N/A Essex N/A N/A -0.78 N/A N/A N/A -0.93 N/A Norwich -0.20 N/A -0.75 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 -0.25 N/A -0.80 N/A -0.25 N/A -0.80 N/A Chatham N/A -0.07 -0.78 N/A N/A -0.17 -0.89 N/A Brigden N/A -0.07 -0.78 N/A N/A -0.17 -0.89 N/A Palmerston N/A -0.32 -0.92 -0.92 N/A -0.43 -1.03 -1.03 Varna 0.00 0.05 -0.67 N/A N/A 0.00 -0.80 N/A Mitchell -0.40 0.05 -0.75 N/A -0.25 0.00 -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 -0.84 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 -0.75 N/A N/A N/A -0.45 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.44 0.89 0.19N/A N/A N/A 0.19N/A Toledo El. 9.42US 9.51CA 8.14US 8.22CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.21 0.19 -0.57 -0.76 CAD $/bu 7.95 8.36 7.60 8.14 CAD $/tonne 292.14 307.00 279.14 299.02 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 370.00 Bayport Oats 343.00 Bayport Barley 350.00 FOB Hm Soymeal 643.76 - 652.58 DDG's FOB Srn, Wndr, Aylm 245.00 - 265.00