FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 15 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0413 up 0.0021 Chicago corn closed slightly to moderately lower. SEP13 HI 5.43 3/4 DEC13 HI 5.07 3/4 LOW 5.34 1/2 LOW 4.98 1/4 CLOSE5.36 1/4 Down 9 1/4 CLOSE 5.03 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 +SEP13+DEC13+DEC13 CK Low 0.75 6.11 240.64 -0.70 4.34 170.66 CK High 0.85 6.21 244.58 -0.65 4.39 172.63 CK Avg 0.80 0.57 6.16 242.61 -0.69 -0.91 4.34 170.99 Essex Cty 0.90 6.26 246.54 -0.75 4.29 168.69 Mdsx Low 0.75 6.11 240.64 -0.70 4.34 170.66 Mdsx High 0.75 6.11 240.64 -0.70 4.34 170.66 Mdsx Avg 0.75 0.52 6.11 240.64 -0.70 -0.92 4.34 170.66 Hensall 0.78 6.14 241.62 -0.70 4.34 170.66 Bruce 0.75 6.11 240.64 -0.70 4.34 170.66 Putnam N/A -0.70 4.34 170.66 Burford 0.75 6.11 240.64 -0.70 4.34 170.66 Port Perry 0.60 5.96 234.73 -0.75 4.29 168.69 Norfolk 0.80 6.16 242.61 -0.70 4.34 170.66 Palmerston 0.75 6.11 240.64 -0.70 4.34 170.66 Varna 0.75 6.11 240.64 -0.70 4.34 170.66 Trenton 0.65 6.01 236.70 -0.70 4.34 170.66 Winchester 0.70 6.06 238.67 -0.45 4.59 180.50 North Gower 0.31 5.67 223.32 -0.65 4.39 172.63 Huron FOB 0.90 6.26 246.54 -0.70 4.34 170.66 Kent FOB 0.85 6.21 244.58 -0.75 4.29 168.69 Lamb FOB 0.85 6.21 244.58 -0.75 4.29 168.69 Mdsx FOB 0.85 0.95 1.05N/A 6.21 244.58 -0.70 4.34 170.66 FOB SW Que 0.40 5.76 226.86 -0.44 4.60 180.90 Track 1.08 6.44 253.43N/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 5.96 234.73 -0.55 4.49 176.57 Sarn-Eth 0.80 0.95 1.25N/A 6.16 242.61N/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 4.59 180.50 Pt.Colb-Ing N/A N/A 1.30 1.00 -0.40 4.64 182.47 Cardnl-Ing N/A N/A N/A 1.00 -0.40 4.64 182.47 W O Feed 1.16 1.12 6.52 256.78 US Rep 1.75 1.71 7.11 280.01 Toledo El. 1.38 6.74 265.35 -0.31 4.72 185.89 TRANSFER Sarnia N/A N/A Pt. Stanley 0.80 6.16 242.61 -0.75 4.29168 2/3 Hamilton N/A -0.50 4.54178 1/2 MID SD CRN -0.67 1/2 4.36 HI SD CRN -0.65 4.38 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0413 up 0.0021 Chicago soybeans closed slightly higher to higher. AUG13 HI 14.58 NOV13 HI 12.65 1/2 LOW 14.19 1/2 LOW 12.50 1/4 CLOSE14.53 3/4 Up 24 3/4 CLOSE 12.63 3/4 Up 6 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 15.89 583.77-0.35 12.29 451.49 CK High 1.45 15.99 587.44-0.25 12.39 455.16 CK Average 1.40 0.77 15.94 585.73-0.30-0.8512.34 453.26 Essex Cty 1.56 16.10 591.48-0.01 12.63 463.98 Mdsx Low 1.40 15.94 585.60-0.31 12.33 452.96 Mdsx High 1.44 15.98 587.07-0.30 12.34 453.33 Mdsx Average 1.42 0.78 15.96 586.34-0.31-0.8612.33 453.14 Hensall 1.43 15.96 586.52-0.30 12.34 453.33 Bruce 1.40 15.94 585.60-0.30 12.34 453.33 Putnam N/A -0.15 12.49 458.84 Burford -1.50 13.04 479.05-0.25 12.39 455.16 Port Perry 1.44 15.98 587.07-0.31 12.33 452.96 Norfolk 1.42 15.96 586.34-0.30 12.34 453.33 Palmerston 1.45 15.99 587.44-0.30 12.34 453.33 Varna 1.45 15.99 587.44-0.30 12.34 453.33 Trenton 1.40 15.94 585.60-0.25 12.39 455.16 Winchester 1.47 16.01 588.17-0.06 12.58 462.14 North Gower 1.45 15.99 587.44-0.08 12.56 461.41 Huron FOB 1.57 16.11 591.85-0.30 12.34 453.33 Kent FOB 1.42 15.96 586.34-0.20 12.44 457.00 Lambton FOB 1.42 15.96 586.34-0.20 12.44 457.00 Middlesex FOB1.54 1.67 N/A N/A 16.08 590.75-0.03 12.61 463.25 PROCESSORS Hamilton 1.95 2.05 N/A N/A 16.49 605.810.20 12.84 471.70 Windsor 1.79 1.80 N/A N/A 16.33 599.930.22 12.86 472.43 Winchester N/A N/A TRANSFER Hamilton 1.44 N/A N/A N/A 15.98 587.070.29 12.93 475.00 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A 0.71 13.35 490.44 Toledo El. 0.80 15.34 563.69-0.40 12.24 449.78 Bank of Canada Noon exchange rate was 1.0413 up 0.0021 Chicago wheat closed slightly to moderately lower. SEP13 HI 6.78 3/4 JUL14 HI 7.05 1/2 LOW 6.67 1/4 LOW 6.97 3/4 CLOSE 6.69 1/2 Down 11 1/2 CLOSE 7.00 1/4 Down 9 Minni wheat closed moderately lower. SEP13 HI 7.65 1/2 JUL14 HI 7.99 LOW 7.54 1/2 LOW 7.95 CLOSE 7.55 Down 11 1/2 CLOSE 7.95 1/4 Down 11 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.23 -0.33 -0.70 -0.56 CAD $/bu 6.47 6.36 6.00 6.99 CAD $/tonne 237.58 233.75 220.32 256.95 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 -1.05 N/A N/A N/A -1.10 N/A London -0.58 -0.89 -0.99 N/A -0.42 -0.82 -1.03 N/A Hensall -0.50 N/A -1.05 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 -1.00 N/A N/A N/A -1.03 N/A Norwich -0.50 N/A -1.05 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 -1.05 N/A -0.65 N/A -1.10 N/A Chatham N/A -0.93 -1.02 N/A N/A N/A -1.17 N/A Brigden N/A -0.93 -1.02 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 -1.10 N/A -0.60 -0.85 -1.05 N/A Mitchell -0.50 -0.90 -1.05 N/A -0.65 -0.90 -1.10 N/A Thornton N/A N/A N/A -0.70 N/A N/A N/A -0.85 North Gower N/A N/A N/A -0.85 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 -0.73 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.55N/A 0.29N/A N/A N/A N/A N/A Toledo El. 6.57US 6.85CA 6.77US 7.07CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.42 -0.53 -0.84 CAD $/bu 6.58 6.47 6.16 CAD $/tonne 241.70 237.87 226.36 (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 606.83 - 615.65 DDG's FOB Srn & Aylm 285.00 - 290.00