FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 16 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0388 down 0.0025 Chicago corn closed moderately higher. SEP13 HI 5.49 3/4 DEC13 HI 5.18 1/2 LOW 5.39 LOW 5.06 CLOSE5.45 1/4 Up 9 CLOSE 5.10 3/4 Up 7 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP13+DEC13+DEC13 CK Low 0.80 6.25 246.15 -0.70 4.41 173.52 CK High 0.85 6.30 248.12 -0.65 4.46 175.48 CK Avg 0.83 0.61 6.28 247.13 -0.69 -0.89 4.42 173.84 Essex Cty 0.90 6.35 250.09 -0.75 4.36 171.55 Mdsx Low 0.75 6.20 244.18 -0.70 4.41 173.52 Mdsx High 0.80 6.25 246.15 -0.70 4.41 173.52 Mdsx Avg 0.78 0.56 6.23 245.17 -0.70 -0.90 4.41 173.52 Hensall 0.78 6.23 245.17 -0.70 4.41 173.52 Bruce 0.75 6.20 244.18 -0.70 4.41 173.52 Putnam N/A -0.70 4.41 173.52 Burford 0.75 6.20 244.18 -0.70 4.41 173.52 Port Perry 0.65 6.10 240.24 -0.75 4.36 171.55 Norfolk 0.80 6.25 246.15 -0.70 4.41 173.52 Palmerston 0.75 6.20 244.18 -0.70 4.41 173.52 Varna 0.75 6.20 244.18 -0.70 4.41 173.52 Trenton 0.75 6.20 244.18 -0.70 4.41 173.52 Winchester 0.80 6.25 246.15 -0.45 4.66 183.36 North Gower 0.31 5.76 226.86 -0.63 4.48 176.27 Huron FOB 0.90 6.35 250.09 -0.70 4.41 173.52 Kent FOB 0.85 6.30 248.12 -0.75 4.36 171.55 Lamb FOB 0.85 6.30 248.12 -0.75 4.36 171.55 Mdsx FOB 0.85 0.95 1.30N/A 6.30 248.12 -0.70 4.41 173.52 FOB SW Que N/A -0.60 4.51 177.45 Track 1.08 6.53 256.98N/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 6.05 238.28 -0.55 4.56 179.42 Sarn-Eth 0.80 0.95 1.25N/A 6.25 246.15N/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 4.66 183.36 Pt.Colb-Ing N/A N/A 1.30 1.00 -0.40 4.71 185.33 Cardnl-Ing N/A N/A N/A 1.00 -0.40 4.71 185.33 W O Feed 1.16 1.12 6.61 260.32 US Rep 1.75 1.71 7.20 283.55 Toledo El. 1.37 6.82 268.65 -0.31 4.80 188.80 TRANSFER Sarnia N/A N/A Pt. Stanley N/A -0.75 4.36171 5/9 Hamilton N/A -0.55 4.56179 3/7 MID SD CRN -0.67 1/2 4.43 1/4 HI SD CRN -0.65 4.45 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0388 down 0.0025 Chicago soybeans closed slightly to moderately higher. AUG13 HI 14.88 NOV13 HI 12.97 LOW 14.53 LOW 12.65 1/2 CLOSE14.75 1/4 Up 21 1/2 CLOSE 12.86 1/4 Up 22 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV13 CK Low 1.36 16.11 592.03-0.30 12.56 461.59 CK High 1.46 16.21 595.71-0.25 12.61 463.43 CK Average 1.42 0.84 16.17 594.12-0.28-0.7812.58 462.21 Essex Cty 1.59 16.34 600.48-0.06 12.80 470.41 Mdsx Low 1.40 16.15 593.50-0.36 12.50 459.39 Mdsx High 1.45 16.20 595.34-0.25 12.61 463.43 Mdsx Average 1.43 0.85 16.18 594.42-0.31-0.8112.56 461.41 Hensall 1.43 16.18 594.42-0.28 12.59 462.51 Bruce 1.40 16.15 593.50-0.30 12.56 461.59 Putnam N/A -0.15 12.71 467.10 Burford 1.51 16.26 597.54-0.24 12.62 463.80 Port Perry 1.45 16.20 595.34-0.30 12.56 461.59 Norfolk 1.48 16.23 596.44-0.25 12.61 463.43 Palmerston 1.45 16.20 595.34-0.30 12.56 461.59 Varna 1.45 16.20 595.34-0.30 12.56 461.59 Trenton 1.35 16.10 591.67-0.30 12.56 461.59 Winchester 1.42 16.17 594.24-0.10 12.76 468.94 North Gower 1.50 16.25 597.18-0.08 12.78 469.68 Huron FOB 1.57 16.32 599.75-0.30 12.56 461.59 Kent FOB 1.48 16.23 596.44-0.15 12.71 467.10 Lambton FOB 1.45 16.20 595.34-0.30 12.56 461.59 Middlesex FOB1.55 1.71 N/A N/A 16.30 599.01-0.04 12.82 471.15 PROCESSORS Hamilton 1.95 2.05 N/A N/A 16.70 613.710.20 13.06 479.96 Windsor 1.82 1.83 N/A N/A 16.57 608.940.17 13.03 478.86 Winchester N/A N/A TRANSFER Hamilton N/A N/A N/A N/A 0.18 13.04 479.23 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A 0.65 13.51 496.50 Toledo El. 0.80 15.55 571.46-0.39 12.47 458.11 Bank of Canada Noon exchange rate was 1.0388 down 0.0025 Chicago wheat closed steady to slightly higher. SEP13 HI 6.81 1/2 JUL14 HI 7.09 LOW 6.65 1/2 LOW 6.96 3/4 CLOSE 6.69 1/2 Unchanged CLOSE 7.00 1/2 Up 1/4 Minni wheat closed slightly higher. SEP13 HI 7.64 1/2 JUL14 HI 8.01 LOW 7.55 LOW 7.94 1/2 CLOSE 7.59 Up 3 3/4 CLOSE 7.95 1/2 Up 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.26 -0.36 -0.73 -0.59 CAD $/bu 6.44 6.33 5.97 7.00 CAD $/tonne 236.50 232.68 219.32 257.30 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 -0.42 -0.84 -1.04 N/A N/A N/A N/A 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 -1.02 N/A N/A N/A -1.06 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 -0.74 N/A N/A N/A -0.85 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 0.68 N/A N/A N/A -0.80 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.52N/A 0.26N/A N/A N/A N/A N/A Toledo El. 6.57US 6.82CA 6.78US 7.04CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.45 -0.56 -0.87 CAD $/bu 6.55 6.45 6.14 CAD $/tonne 240.70 236.88 225.43 (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 623.70 - 632.52 DDG's FOB Srn & Aylm 285.00 - 290.00