FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 20 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0114 up 0.0037 Chicago corn closed higher. SEP12 HI 8.28 3/4 DEC12 HI 7.97 LOW 7.99 1/2 LOW 7.79 CLOSE8.24 1/2 Up 16 3/4 CLOSE 7.95 3/4 Up 17 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP12+DEC12+DEC12 CK Low -0.20 8.05 316.72 -0.80 7.16 281.78 CK High -0.15 8.10 318.69 -0.70 7.26 285.72 CK Avg -0.19 -0.30 8.05 317.05 -0.76 -0.88 7.20 283.42 Essex Cty -0.25 8.00 314.75 -0.70 7.26 285.72 Mdsx Low -0.20 8.05 316.72 -0.85 7.11 279.81 Mdsx High -0.20 8.05 316.72 -0.70 7.26 285.72 Mdsx Avg -0.20 -0.31 8.05 316.72 -0.78 -0.90 7.18 282.76 Hensall -0.18 8.07 317.70 -0.83 7.13 280.79 Bruce -0.20 8.05 316.72 -0.85 7.11 279.81 Putnam -0.15 8.10 318.69 -0.85 7.11 279.81 Burford -0.20 8.05 316.72 -0.70 7.26 285.72 Port Perry -0.10 8.15 320.65 -0.75 7.21 283.75 Norfolk -0.20 8.05 316.72 -0.75 7.21 283.75 Palmerston -0.15 8.10 318.69 -0.85 7.11 279.81 Varna -0.15 8.10 318.69 -0.80 7.16 281.78 Trenton 0.00 8.25 324.59 -0.95 7.01 275.87 Winchester -0.15 8.10 318.69 -0.70 7.26 285.72 North Gower 0.10 8.35 328.53 -0.97 6.99 275.09 Huron FOB -0.10 8.15 320.65 -0.80 7.16 281.78 Kent FOB -0.20 8.05 316.72 -0.75 7.21 283.75 Lamb FOB -0.20 8.05 316.72 -0.75 7.21 283.75 Mdsx FOB 0.00 0.00N/A N/A 8.25 324.59 -0.70 7.26 285.72 FOB SW Que 0.29 8.54 336.01 -0.60 7.36 289.65 Track 0.25 8.50 334.43N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 7.31 287.68 Jhnstwn-Eth N/A N/A N/A N/A -0.65 7.31 287.68 Aylmer-Eth -0.10 -0.10 -0.05 -0.75 8.15 320.65 -0.75 7.21 283.75 Sarn-Eth N/A N/A 0.00 -0.55 -0.55 7.41 291.62 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A N/A -0.75 -0.65 7.31 287.68 Pt.Colb-Cas N/A N/A 0.70 -0.70 -0.60 7.36 289.65 Cardnl-Cas N/A N/A 0.70 -0.70 -0.60 7.36 289.65 W O Feed 0.31 0.30 8.56 336.80 US Rep 0.75 0.74 9.00 354.12 Toledo El. 0.32 8.57 337.36 0.07 8.03 316.07 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton N/A -0.60 7.36289 2/3 MID SD CRN -0.75 7.20 3/4 HI SD CRN -0.70 7.25 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0114 up 0.0037 Chicago soybeans closed slightly higher to higher. AUG12 HI 17.77 3/4 NOV12 HI 16.91 LOW 17.29 LOW 16.45 CLOSE17.57 1/2 Up 23 3/4 CLOSE 16.86 1/4 Up 34 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV12 CK Low -0.55 17.03 625.56-0.65 16.21 595.71 CK High -0.31 17.27 634.38-0.52 16.34 600.48 CK Average -0.38 -0.6217.20 631.87-0.60-0.8616.26 597.54 Essex Cty -0.10 17.48 642.10-0.52 16.34 600.48 Mdsx Low -0.46 17.12 628.87-0.62 16.24 596.81 Mdsx High -0.35 17.23 632.91-0.60 16.26 597.54 Mdsx Average -0.41 -0.6417.17 630.89-0.61-0.8716.25 597.18 Hensall -0.35 17.23 632.91-0.60 16.26 597.54 Bruce -0.35 17.23 632.91-0.60 16.26 597.54 Putnam -0.30 17.28 634.75-0.55 16.31 599.38 Burford -0.46 17.12 628.87-0.62 16.24 596.81 Port Perry -0.49 17.09 627.77-0.65 16.21 595.71 Norfolk -0.32 17.26 634.01-0.57 16.29 598.65 Palmerston -0.40 17.18 631.07-0.65 16.21 595.71 Varna -1.05 16.53 607.19-0.60 16.26 597.54 Trenton -0.40 17.18 631.07-0.61 16.25 597.18 Winchester N/A -0.53 16.33 600.12 North Gower -1.04 16.54 607.56-0.43 16.43 603.79 Huron FOB -0.25 17.33 636.58-0.50 16.36 601.22 Kent FOB -0.36 17.22 632.54-0.62 16.24 596.81 Lambton FOB -0.36 17.22 632.54-0.62 16.24 596.81 Middlesex FOB-0.45-0.45 N/A N/A 17.13 629.24-0.46 16.40 602.69 PROCESSORS Hamilton -0.550.75 0.60 -0.05 17.03 625.56-0.05 16.81 617.75 Windsor 0.13 -0.02 N/A N/A 17.71 650.55-0.29 16.57 608.94 Winchester -0.24 17.34 636.95-0.46 16.40 602.69 TRANSFER Hamilton -0.30 N/A N/A N/A 17.28 634.750.07 16.93 622.16 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 17.43 640.260.00 16.86 619.59 Toledo El. 0.02 17.60 646.52-0.28 16.58 609.14 Bank of Canada Noon exchange rate was 1.0114 up 0.0037 Chicago wheat closed slightly higher. SEP12 HI 9.44 3/4 JUL13 HI 8.29 LOW 9.16 3/4 LOW 8.10 3/4 CLOSE 9.43 1/4 Up 8 1/4 CLOSE 8.19 1/2 Up 3 Minni wheat closed slightly higher. SEP12 HI 10.35 SEP13 HI 9.00 LOW 10.10 1/4 LOW 8.80 CLOSE 10.31 1/2 Up 9 1/2 CLOSE 8.95 Up 5 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.02 0.23 -0.48 -0.67 CAD $/bu 9.41 9.66 8.95 9.64 CAD $/tonne 345.71 355.02 328.95 354.36 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 -0.80 N/A N/A -0.20 -0.90 N/A London -0.40 -0.15 -0.86 N/A -0.30 -0.15 -0.86 N/A Hensall -0.35 N/A -0.75 N/A -0.35 N/A -0.75 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 -0.73 N/A N/A N/A -0.90 N/A Norwich -0.20 N/A -0.75 N/A -0.35 N/A -0.75 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 -0.35 N/A -0.90 N/A Chatham N/A -0.10 -0.80 N/A N/A -0.17 -0.89 N/A Brigden N/A -0.10 -0.80 N/A N/A -0.17 -0.89 N/A Palmerston N/A -0.17 -0.77 -0.87 N/A -0.39 -1.00 -0.99 Varna 0.00 0.05 -0.70 N/A N/A 0.00 -0.80 N/A Mitchell -0.40 -0.05 -0.75 N/A -0.35 -0.10 -0.75 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 -0.55 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 0.94 0.23N/A N/A N/A 0.23N/A Toledo El. 9.50US 9.63CA 8.17US 8.29CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.18 0.23 -0.53 -0.72 CAD $/bu 8.02 8.42 7.66 8.23 CAD $/tonne 294.60 309.52 281.54 302.25 (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 655.89 - 659.19 DDG's FOB Srn, Wndr, Aylm 245.00 - 270.00