FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 26 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0101 down 0.0080 Chicago corn closed moderately lower. SEP12 HI 7.99 1/2 DEC12 HI 7.93 1/2 LOW 7.76 1/4 LOW 7.71 CLOSE7.81 1/4 Down 13 1/4 CLOSE 7.76 1/4 Down 11 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP12+DEC12+DEC12 CK Low -0.30 7.51 295.75 -0.70 7.06 278.04 CK High -0.15 7.66 301.66 -0.67 7.09 279.22 CK Avg -0.21 -0.29 7.60 299.36 -0.70 -0.79 7.07 278.24 Essex Cty -0.20 7.61 299.69 -0.70 7.06 278.04 Mdsx Low -0.20 7.61 299.69 -0.80 6.96 274.10 Mdsx High -0.20 7.61 299.69 -0.70 7.06 278.04 Mdsx Avg -0.20 -0.28 7.61 299.69 -0.75 -0.85 7.01 276.07 Hensall -0.20 7.61 299.69 -0.78 6.99 275.09 Bruce -0.20 7.61 299.69 -0.80 6.96 274.10 Putnam -0.20 7.61 299.69 -0.80 6.96 274.10 Burford -0.20 7.61 299.69 -0.70 7.06 278.04 Port Perry -0.10 7.71 303.63 -0.90 6.86 270.16 Norfolk -0.15 7.66 301.66 -0.67 7.09 279.22 Palmerston -0.20 7.61 299.69 -0.80 6.96 274.10 Varna -0.20 7.61 299.69 -0.80 6.96 274.10 Trenton 0.10 7.91 311.50 -0.80 6.96 274.10 Winchester -0.15 7.66 301.66 -0.70 7.06 278.04 North Gower 0.25 8.06 317.41 -0.80 6.96 274.10 Huron FOB -0.10 7.71 303.63 -0.75 7.01 276.07 Kent FOB -0.15 7.66 301.66 -0.67 7.09 279.22 Lamb FOB -0.15 7.66 301.66 -0.67 7.09 279.22 Mdsx FOB N/A -0.20 -0.10N/A -0.70 7.06 278.04 FOB SW Que 0.38 8.19 322.52 -0.50 7.26 285.91 Track 0.23 8.04 316.42N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 7.11 280.01 Jhnstwn-Eth N/A N/A N/A N/A -0.65 7.11 280.01 Aylmer-Eth -0.30 -0.30 -0.10 -0.75 7.51 295.75 -0.75 7.01 276.07 Sarn-Eth N/A N/A 0.00 -0.55 -0.55 7.21 283.94 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A N/A -0.55 -0.45 7.31 287.88 Pt.Colb-Cas N/A N/A 0.70 -0.50 -0.40 7.36 289.85 Cardnl-Cas N/A N/A 0.70 -0.50 -0.40 7.36 289.85 W O Feed 0.31 0.30 8.12 319.77 US Rep 0.75 0.74 8.56 337.09 Toledo El. 0.32 8.14 320.30 0.07 7.83 308.39 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton N/A -0.66 7.10279 3/5 MID SD CRN -0.68 1/2 7.07 3/4 HI SD CRN -0.67 7.09 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0101 down 0.0080 Chicago soybeans closed lower to sharply lower. NOV12 HI 16.15 NOV12 HI 16.15 LOW 15.61 1/2 LOW 15.61 1/2 CLOSE15.67 1/2 Down 48 CLOSE 15.67 1/2 Down 48 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV12 CK Low 0.25 15.93 585.14-0.68 15.00 550.97 CK High 0.50 16.18 594.33-0.50 15.18 557.59 CK Average 0.34 0.17 16.02 588.57-0.63-0.8315.05 552.81 Essex Cty 0.68 16.36 600.94-0.61 15.07 553.54 Mdsx Low 0.21 15.89 583.67-0.65 15.03 552.07 Mdsx High 0.30 15.98 586.98-0.65 15.03 552.07 Mdsx Average 0.26 0.09 15.93 585.33-0.65-0.8515.03 552.07 Hensall 0.44 16.11 591.94-0.60 15.08 553.91 Bruce 0.57 16.25 596.90-0.50 15.18 557.59 Putnam 0.30 15.98 586.98-0.65 15.03 552.07 Burford 0.21 15.89 583.67-0.65 15.03 552.07 Port Perry 0.18 15.86 582.57-0.68 15.00 550.97 Norfolk 0.32 16.00 587.72-0.63 15.05 552.81 Palmerston 0.47 16.15 593.23-0.50 15.18 557.59 Varna 0.30 15.98 586.98-0.50 15.18 557.59 Trenton 0.00 15.68 575.96-0.50 15.18 557.59 Winchester N/A -0.45 15.23 559.42 North Gower -0.19 15.49 568.98-0.43 15.25 560.16 Huron FOB 0.67 16.35 600.58-0.45 15.23 559.42 Kent FOB 0.29 15.97 586.61-0.68 15.00 550.97 Lambton FOB 0.29 15.97 586.61-0.68 15.00 550.97 Middlesex FOB N/A 0.27 N/A N/A -0.54 15.14 556.12 PROCESSORS Hamilton 0.15 0.70 0.50 -0.10 15.83 581.47-0.10 15.58 572.28 Windsor 0.91 0.86 N/A N/A 16.59 609.39-0.39 15.29 561.63 Winchester 0.10 15.78 579.63-0.35 15.33 563.10 TRANSFER Hamilton 0.53 N/A N/A N/A 16.21 595.430.02 15.70 576.69 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.72 16.40 602.410.08 15.76 578.90 Toledo El. 0.90 16.57 609.01-0.28 15.39 565.54 Bank of Canada Noon exchange rate was 1.0101 down 0.0080 Chicago wheat closed slightly to moderately lower. SEP12 HI 9.04 1/2 JUL13 HI 8.23 LOW 8.73 3/4 LOW 7.95 1/4 CLOSE 8.84 Down 19 1/4 CLOSE 8.10 3/4 Down 2 Minni wheat closed moderately lower. SEP12 HI 9.92 SEP13 HI 9.02 LOW 9.64 LOW 9.00 CLOSE 9.70 Down 19 CLOSE 9.00 Down 10 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.11 0.20 -0.51 -0.50 CAD $/bu 8.73 9.04 8.33 9.20 CAD $/tonne 320.90 332.04 306.04 337.98 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 -0.25 -0.95 N/A N/A -0.30 -1.00 N/A London -0.40 -0.15 -0.85 N/A -0.39 -0.29 -1.00 N/A Hensall -0.35 N/A -0.90 N/A -0.40 N/A -0.90 N/A Trenton N/A N/A -0.90 N/A N/A N/A N/A N/A Winchester N/A N/A N/A -1.08 N/A N/A N/A N/A Essex N/A N/A -0.91 N/A N/A N/A -1.12 N/A Norwich -0.20 N/A -0.90 N/A -0.40 N/A -0.90 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 -0.95 N/A -0.40 N/A -1.00 N/A Chatham N/A -0.24 -0.94 N/A N/A -0.31 -1.03 N/A Brigden N/A -0.24 -0.94 N/A N/A -0.31 -1.03 N/A Palmerston N/A -0.22 -0.82 -0.92 N/A -0.47 -1.04 -1.03 Varna -0.40 -0.15 -0.80 N/A -0.40 -0.15 -0.80 N/A Mitchell -0.40 -0.25 -0.90 N/A -0.40 -0.15 -0.90 N/A Thornton N/A N/A N/A -0.92 N/A N/A N/A -1.03 North Gower N/A N/A N/A -0.86 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 -0.72 N/A N/A N/A -0.57 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.45 0.90 0.20N/A N/A N/A 0.20N/A Toledo El. 8.81US 8.91CA 8.08US 8.18CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.20 0.20 -0.55 -0.75 CAD $/bu 7.91 8.31 7.55 8.25 CAD $/tonne 290.54 305.42 277.51 303.28 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 355.00 - 360.00 Bayport Oats 340.00 Bayport Barley 330.00 FOB Hm Soymeal 632.52 - 634.72 DDG's FOB Srn, Wndr, Aylm 265.00 - 290.00