FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0392 up 0.0003 Chicago corn closed lower. SEP13 HI 5.60 3/4 DEC13 HI 5.27 LOW 5.43 1/2 LOW 5.07 CLOSE5.45 1/2 Down 15 1/4 CLOSE 5.09 1/4 Down 17 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP13+DEC13+DEC13 CK Low 0.75 6.21 244.28 -0.72 4.37 172.14 CK High 0.85 6.31 248.22 -0.65 4.44 174.89 CK Avg 0.78 0.56 6.24 245.59 -0.70 -0.90 4.40 173.12 Essex Cty 0.90 6.36 250.19 -0.70 4.39 172.93 Mdsx Low 0.75 6.21 244.28 -0.70 4.39 172.93 Mdsx High 0.75 6.21 244.28 -0.70 4.39 172.93 Mdsx Avg 0.75 0.53 6.21 244.28 -0.70 -0.91 4.39 172.93 Hensall 0.75 6.21 244.28 -0.70 4.39 172.93 Bruce 0.70 6.16 242.31 -0.70 4.39 172.93 Putnam N/A -0.70 4.39 172.93 Burford 0.75 6.21 244.28 -0.70 4.39 172.93 Port Perry 0.60 6.06 238.37 -0.75 4.34 170.96 Norfolk 0.80 6.26 246.25 -0.72 4.37 172.14 Palmerston 0.65 6.11 240.34 -0.70 4.39 172.93 Varna 0.70 6.16 242.31 -0.70 4.39 172.93 Trenton 0.65 6.11 240.34 -0.70 4.39 172.93 Winchester 0.70 6.16 242.31 -0.45 4.64 182.77 North Gower 0.26 5.72 224.99 -0.65 4.44 174.89 Huron FOB 0.90 6.36 250.19 -0.70 4.39 172.93 Kent FOB 0.85 6.31 248.22 -0.77 4.32 170.17 Lamb FOB 0.85 6.31 248.22 -0.77 4.32 170.17 Mdsx FOB 0.75 0.85N/A N/A 6.21 244.28 -0.70 4.39 172.93 FOB SW Que 0.44 5.90 232.08 -0.60 4.49 176.86 Track 1.03 6.48 255.11N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth 0.60 0.65 0.75N/A 6.06 238.37 -0.55 4.54 178.83 Sarn-Eth 0.80 0.95 1.25N/A 6.26 246.25N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A 1.25 0.95 -0.45 4.64 182.77 Pt.Colb-Ing N/A N/A 1.30 1.00 -0.40 4.69 184.74 Cardnl-Ing N/A N/A N/A 1.00 -0.40 4.69 184.74 W O Feed 1.09 1.05 6.55 257.67 US Rep 1.55 1.51 7.01 275.77 Toledo El. 1.37 6.83 268.85 -0.31 4.78 188.19 TRANSFER Sarnia N/A N/A Pt. Stanley 0.75 6.21 244.28 -0.75 4.34171 Hamilton N/A -0.51 4.58180 2/5 MID SD CRN -0.68 1/2 4.40 3/4 HI SD CRN -0.65 4.44 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0392 up 0.0003 Chicago soybeans closed lower. AUG13 HI 14.78 NOV13 HI 12.97 LOW 14.27 LOW 12.55 CLOSE14.29 Down 43 CLOSE 12.57 1/4 Down 33 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV13 CK Low 1.35 15.64 574.67-0.35 12.22 449.10 CK High 1.45 15.74 578.35-0.25 12.32 452.77 CK Average 1.39 0.81 15.68 576.26-0.31-0.8212.27 450.75 Essex Cty 1.51 15.80 580.55-0.04 12.53 460.49 Mdsx Low 1.40 15.69 576.51-0.33 12.24 449.83 Mdsx High 1.42 15.71 577.24-0.30 12.27 450.94 Mdsx Average 1.41 0.83 15.70 576.88-0.32-0.8312.26 450.39 Hensall 1.43 15.72 577.43-0.30 12.27 450.94 Bruce 1.40 15.69 576.51-0.30 12.27 450.94 Putnam N/A -0.15 12.42 456.45 Burford 1.48 15.77 579.45-0.27 12.30 452.04 Port Perry 1.42 15.71 577.24-0.33 12.24 449.83 Norfolk 1.42 15.71 577.24-0.30 12.27 450.94 Palmerston 1.60 15.89 583.86-0.25 12.32 452.77 Varna 1.50 15.79 580.18-0.25 12.32 452.77 Trenton 1.40 15.69 576.51-0.25 12.32 452.77 Winchester 1.65 15.94 585.690.10 12.67 465.63 North Gower 1.39 15.68 576.14-0.13 12.44 457.18 Huron FOB 1.57 15.86 582.76-0.30 12.27 450.94 Kent FOB 1.42 15.71 577.24-0.20 12.37 454.61 Lambton FOB 1.42 15.71 577.24-0.20 12.37 454.61 Middlesex FOB1.49 1.62 N/A N/A 15.78 579.82-0.12 12.45 457.55 PROCESSORS Hamilton 1.90 2.05 N/A N/A 16.19 594.880.20 12.77 469.31 Windsor 1.74 1.75 N/A N/A 16.03 589.000.19 12.76 468.94 Winchester N/A N/A TRANSFER Hamilton N/A N/A N/A N/A 0.25 12.82 471.15 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A 0.65 13.22 485.84 Toledo El. 0.80 15.09 554.52-0.40 12.18 447.43 Bank of Canada Noon exchange rate was 1.0392 up 0.0003 Chicago wheat closed slightly lower. SEP13 HI 6.87 3/4 JUL14 HI 7.14 3/4 LOW 6.79 3/4 LOW 7.08 CLOSE 6.81 Down 2 CLOSE 7.09 1/4 Down 3 Minni wheat closed narrowly mixed. SEP13 HI 7.76 1/4 JUL14 HI 8.06 1/4 LOW 7.64 LOW 8.02 1/2 CLOSE 7.66 1/2 Down 3/4 CLOSE 8.06 1/4 Up 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.24 -0.35 -0.71 -0.57 CAD $/bu 6.57 6.46 6.10 7.09 CAD $/tonne 241.34 237.51 224.13 260.65 Direct MarkHarvest 2013 Harvest 2014 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 -0.85 -1.00 N/A N/A N/A -1.10 N/A London -0.60 -0.91 -1.01 N/A -0.44 -0.84 -1.05 N/A Hensall -0.55 N/A -1.00 N/A -0.65 N/A -1.10 N/A Trenton N/A N/A -1.10 N/A N/A N/A -1.20 N/A Winchester N/A N/A N/A -0.69 N/A N/A N/A N/A Essex N/A N/A -0.95 N/A N/A N/A -1.04 N/A Norwich -0.55 N/A -1.00 N/A -0.65 N/A -1.10 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.55 N/A -1.00 N/A -0.65 N/A -1.10 N/A Chatham N/A -0.98 -1.08 N/A N/A N/A -1.17 N/A Brigden N/A -0.98 -1.08 N/A N/A N/A -1.17 N/A Palmerston N/A -0.72 -1.09 -0.68 N/A -0.80 -1.06 N/A Varna -0.70 -1.00 -1.00 N/A -0.60 -0.85 -1.05 N/A Mitchell -0.55 -0.90 -1.00 N/A -0.65 -0.90 -1.10 N/A Thornton N/A N/A N/A -0.83 N/A N/A N/A -0.89 North Gower N/A N/A N/A -0.70 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 -0.66 N/A N/A N/A N/A N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.54N/A 0.28N/A N/A N/A N/A N/A Toledo El. 6.68US 6.95CA 6.86US 7.14CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.44 -0.54 -0.85 CAD $/bu 6.65 6.55 6.24 CAD $/tonne 244.49 240.67 229.19 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 320.00 - 345.00 Bayport Oats 320.00 Bayport Barley 300.00 FOB Hm Soymeal 605.07 - 619.40 DDG's FOB Srn & Aylm 285.00 - 290.00