FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 23 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0172 up 0.0058 Chicago corn closed moderately lower. SEP12 HI 8.24 DEC12 HI 8.00 LOW 7.95 1/4 LOW 7.67 1/4 CLOSE8.14 Down 10 1/2 CLOSE 7.85 1/2 Down 10 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 7.94 312.58 -0.80 7.06 277.74 CK High -0.20 7.94 312.58 -0.70 7.16 281.68 CK Avg -0.20 -0.35 7.94 312.58 -0.72 -0.88 7.14 281.02 Essex Cty -0.20 7.94 312.58 -0.65 7.21 283.65 Mdsx Low -0.20 7.94 312.58 -0.80 7.06 277.74 Mdsx High -0.20 7.94 312.58 -0.70 7.16 281.68 Mdsx Avg -0.20 -0.35 7.94 312.58 -0.75 -0.91 7.11 279.71 Hensall -0.20 7.94 312.58 -0.80 7.06 277.74 Bruce -0.20 7.94 312.58 -0.80 7.06 277.74 Putnam -0.20 7.94 312.58 -0.80 7.06 277.74 Burford -0.20 7.94 312.58 -0.70 7.16 281.68 Port Perry -0.10 8.04 316.52 -0.75 7.11 279.71 Norfolk -0.20 7.94 312.58 -0.70 7.16 281.68 Palmerston -0.15 7.99 314.55 -0.85 7.01 275.77 Varna -0.15 7.99 314.55 -0.80 7.06 277.74 Trenton 0.05 8.19 322.43 -0.90 6.96 273.81 Winchester -0.15 7.99 314.55 -0.70 7.16 281.68 North Gower 0.22 8.36 329.12 -0.99 6.87 270.26 Huron FOB -0.10 8.04 316.52 -0.80 7.06 277.74 Kent FOB -0.20 7.94 312.58 -0.70 7.16 281.68 Lamb FOB -0.20 7.94 312.58 -0.70 7.16 281.68 Mdsx FOB 0.00 0.00N/A N/A 8.14 320.46 -0.70 7.16 281.68 FOB SW Que 0.44 8.58 337.78 -0.50 7.36 289.55 Track 0.25 8.39 330.30N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 7.21 283.65 Jhnstwn-Eth N/A N/A N/A N/A -0.65 7.21 283.65 Aylmer-Eth -0.30 -0.30 -0.10 -0.75 7.84 308.65 -0.75 7.11 279.71 Sarn-Eth N/A N/A 0.00 -0.55 -0.55 7.31 287.59 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A N/A -0.75 -0.65 7.21 283.65 Pt.Colb-Cas N/A N/A 0.60 -0.70 -0.60 7.26 285.62 Cardnl-Cas N/A N/A 0.70 -0.70 -0.60 7.26 285.62 W O Feed 0.31 0.29 8.45 332.66 US Rep 0.75 0.73 8.89 349.98 Toledo El. 0.33 8.47 333.28 0.07 7.93 312.05 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton N/A -0.55 7.31287 3/5 MID SD CRN -0.75 7.10 1/2 HI SD CRN -0.70 7.15 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0172 up 0.0058 Chicago soybeans closed lower to sharply lower. AUG12 HI 17.62 3/4 NOV12 HI 16.91 1/2 LOW 16.87 1/2 LOW 16.16 1/4 CLOSE16.98 1/2 Down 59 CLOSE 16.22 1/4 Down 64 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV12 CK Low -0.48 16.51 606.45-0.55 15.67 575.87 CK High -0.25 16.74 614.91-0.43 15.79 580.28 CK Average -0.30 -0.6116.68 613.01-0.49-0.8215.73 578.07 Essex Cty -0.01 16.98 623.72-0.44 15.78 579.91 Mdsx Low -0.35 16.64 611.23-0.50 15.72 577.70 Mdsx High -0.25 16.74 614.91-0.49 15.73 578.07 Mdsx Average -0.30 -0.6116.69 613.07-0.50-0.8315.73 577.89 Hensall -0.25 16.74 614.91-0.50 15.72 577.70 Bruce -0.25 16.74 614.91-0.50 15.72 577.70 Putnam -0.25 16.74 614.91-0.50 15.72 577.70 Burford -0.50 16.49 605.72-0.49 15.73 578.07 Port Perry -0.53 16.46 604.62-0.52 15.70 576.97 Norfolk -0.22 16.77 616.01-0.43 15.79 580.28 Palmerston -0.40 16.59 609.39-0.60 15.62 574.03 Varna -0.58 16.41 602.78-0.60 15.62 574.03 Trenton -0.78 16.21 595.43-0.50 15.72 577.70 Winchester N/A -0.45 15.77 579.54 North Gower -0.14 16.85 618.95-0.38 15.84 582.11 Huron FOB -0.15 16.84 618.58-0.40 15.82 581.38 Kent FOB -0.26 16.73 614.54-0.48 15.74 578.44 Lambton FOB -0.26 16.73 614.54-0.48 15.74 578.44 Middlesex FOB N/A -0.44 N/A N/A -0.33 15.89 583.95 PROCESSORS Hamilton -0.480.80 0.65 0.10 16.51 606.450.10 16.32 599.75 Windsor 0.22 0.07 N/A N/A 17.21 632.18-0.21 16.01 588.36 Winchester -0.30 16.69 613.07-0.43 15.79 580.28 TRANSFER Hamilton -0.56 N/A N/A N/A 16.43 603.520.14 16.36 601.22 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.05 16.94 622.250.15 16.37 601.59 Toledo El. 0.02 17.01 624.84-0.29 15.94 585.58 Bank of Canada Noon exchange rate was 1.0172 up 0.0058 Chicago wheat closed slightly lower to lower. SEP12 HI 9.47 1/4 JUL13 HI 8.24 LOW 9.03 3/4 LOW 8.05 1/2 CLOSE 9.12 3/4 Down 30 1/2 CLOSE 8.10 1/2 Down 9 Minni wheat closed moderately lower to lower. SEP12 HI 10.35 SEP13 HI 9.00 LOW 10.04 LOW 8.75 CLOSE 10.05 1/2 Down 26 CLOSE 8.79 1/2 Down 15 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.04 0.27 -0.45 -0.43 CAD $/bu 9.09 9.39 8.68 9.63 CAD $/tonne 333.97 345.20 319.01 353.71 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 -0.15 -0.75 N/A N/A -0.20 -0.80 N/A London -0.40 -0.15 -0.86 N/A -0.24 -0.08 -0.80 N/A Hensall -0.35 N/A -0.70 N/A -0.35 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 -1.08 N/A N/A N/A N/A Essex N/A N/A -0.69 N/A N/A N/A -0.86 N/A Norwich -0.20 N/A -0.70 N/A -0.35 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 -0.75 N/A -0.35 N/A -0.85 N/A Chatham N/A -0.05 -0.73 N/A N/A -0.12 -0.82 N/A Brigden N/A -0.05 -0.73 N/A N/A -0.12 -0.82 N/A Palmerston N/A -0.18 -0.77 -0.87 N/A -0.39 -1.00 -1.00 Varna 0.00 0.05 -0.70 N/A N/A 0.00 -0.80 N/A Mitchell -0.40 -0.05 -0.70 N/A -0.35 -0.10 -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 -0.65 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 0.52 0.98 0.27N/A N/A N/A 0.27N/A Toledo El. 9.10US 9.26CA 8.08US 8.24CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.14 0.27 -0.50 -0.69 CAD $/bu 7.96 8.37 7.61 8.11 CAD $/tonne 292.64 307.63 279.51 297.89 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 350.00 - 370.00 Bayport Oats 343.00 Bayport Barley 350.00 FOB Hm Soymeal 637.15 - 639.35 DDG's FOB Srn, Wndr, Aylm 245.00 - 270.00