FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 18 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0396 down 0.0029 Chicago corn closed narrowly mixed. SEP13 HI 5.42 1/2 DEC13 HI 5.01 3/4 LOW 5.32 LOW 4.94 CLOSE5.41 Up 2 1/2 CLOSE 5.00 3/4 Down 1 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 6.21 244.48 -0.70 4.31 169.58 CK High 0.90 6.31 248.41 -0.65 4.36 171.55 CK Avg 0.84 0.62 6.25 246.12 -0.69 -0.89 4.32 169.91 Essex Cty 1.05 6.46 254.32 -0.75 4.26 167.61 Mdsx Low 0.75 6.16 242.51 -0.70 4.31 169.58 Mdsx High 0.80 6.21 244.48 -0.70 4.31 169.58 Mdsx Avg 0.78 0.56 6.19 243.49 -0.70 -0.90 4.31 169.58 Hensall 0.78 6.19 243.49 -0.70 4.31 169.58 Bruce 0.75 6.16 242.51 -0.70 4.31 169.58 Putnam N/A -0.70 4.31 169.58 Burford 0.80 6.21 244.48 -0.70 4.31 169.58 Port Perry 0.65 6.06 238.57 -0.75 4.26 167.61 Norfolk 0.85 6.26 246.45 -0.70 4.31 169.58 Palmerston 0.75 6.16 242.51 -0.70 4.31 169.58 Varna 0.75 6.16 242.51 -0.70 4.31 169.58 Trenton 0.70 6.11 240.54 -0.70 4.31 169.58 Winchester 0.70 6.11 240.54 -0.45 4.56 179.42 North Gower 0.50 5.91 232.67 -0.65 4.36 171.55 Huron FOB 0.95 6.36 250.38 -0.70 4.31 169.58 Kent FOB 0.90 6.31 248.41 -0.75 4.26 167.61 Lamb FOB 0.90 6.31 248.41 -0.75 4.26 167.61 Mdsx FOB 0.85 0.95 1.30N/A 6.26 246.45 -0.70 4.31 169.58 FOB SW Que N/A -0.60 4.41 173.52 Track 1.08 6.49 255.30N/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 6.01 236.60 -0.55 4.46 175.48 Sarn-Eth 0.80 0.95 1.25N/A 6.21 244.48N/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 4.56 179.42 Pt.Colb-Ing N/A N/A 1.30 1.00 -0.40 4.61 181.39 Cardnl-Ing N/A N/A N/A 1.00 -0.40 4.61 181.39 W O Feed 1.16 1.12 6.57 258.65 US Rep 1.75 1.71 7.16 281.88 Toledo El. 1.37 6.78 267.03 -0.31 4.70 184.85 TRANSFER Sarnia N/A N/A Pt. Stanley 0.80 6.21 244.48 -0.75 4.26167 3/5 Hamilton N/A -0.55 4.46175 1/2 MID SD CRN -0.67 1/2 4.33 1/4 HI SD CRN -0.65 4.35 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0396 down 0.0029 Chicago soybeans closed slightly to moderately lower. AUG13 HI 14.77 1/2 NOV13 HI 12.82 1/4 LOW 14.58 1/2 LOW 12.59 CLOSE14.69 1/4 Down 8 1/4 CLOSE 12.65 3/4 Down 17 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV13 CK Low 1.40 16.09 591.30-0.33 12.33 452.96 CK High 1.46 16.15 593.50-0.24 12.42 456.27 CK Average 1.43 0.84 16.13 592.52-0.28-0.7912.38 454.86 Essex Cty 1.61 16.30 599.01-0.06 12.60 462.88 Mdsx Low 1.42 16.11 592.03-0.33 12.33 452.96 Mdsx High 1.45 16.14 593.14-0.25 12.41 455.90 Mdsx Average 1.44 0.85 16.13 592.58-0.29-0.8012.37 454.43 Hensall 1.48 16.17 594.05-0.25 12.41 455.90 Bruce 1.35 16.04 589.46-0.35 12.31 452.22 Putnam N/A -0.15 12.51 459.57 Burford 1.48 16.17 594.24-0.27 12.39 455.16 Port Perry 1.42 16.11 592.03-0.33 12.33 452.96 Norfolk 1.51 16.20 595.34-0.24 12.42 456.27 Palmerston 1.45 16.14 593.14-0.30 12.36 454.06 Varna 1.45 16.14 593.14-0.30 12.36 454.06 Trenton 1.24 15.93 585.42-0.30 12.36 454.06 Winchester 1.27 15.96 586.52-0.06 12.60 462.88 North Gower 1.17 15.86 582.85-0.08 12.58 462.14 Huron FOB 1.62 16.31 599.38-0.30 12.36 454.06 Kent FOB 1.46 16.15 593.50-0.24 12.42 456.27 Lambton FOB 1.46 16.15 593.50-0.24 12.42 456.27 Middlesex FOB1.46 1.62 N/A N/A 16.15 593.50-0.10 12.56 461.41 PROCESSORS Hamilton 1.82 1.99 N/A N/A 16.51 606.730.25 12.91 474.27 Windsor 1.84 1.85 N/A N/A 16.53 607.470.17 12.83 471.33 Winchester N/A N/A TRANSFER Hamilton N/A N/A N/A N/A 0.20 12.86 472.43 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A 0.65 13.31 488.97 Toledo El. 0.80 15.49 569.29-0.40 12.26 450.56 Bank of Canada Noon exchange rate was 1.0396 down 0.0029 Chicago wheat closed slightly lower. SEP13 HI 6.67 1/4 JUL14 HI 6.97 1/2 LOW 6.56 1/2 LOW 6.85 1/4 CLOSE 6.60 1/2 Down 4 1/2 CLOSE 6.88 3/4 Down 6 1/2 Minni wheat closed slightly lower. SEP13 HI 7.58 1/4 JUL14 HI 7.90 3/4 LOW 7.50 LOW 7.88 CLOSE 7.50 1/4 Down 5 CLOSE 7.88 Down 4 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.25 -0.36 -0.72 -0.58 CAD $/bu 6.35 6.25 5.88 6.92 CAD $/tonne 233.33 229.50 216.13 254.25 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 -0.80 -1.05 N/A N/A N/A -1.10 N/A London -0.55 -0.86 -0.96 N/A -0.44 -0.84 -1.05 N/A Hensall -0.60 N/A -1.05 N/A -0.65 N/A -1.15 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 -0.92 N/A N/A N/A -1.06 N/A Norwich -0.60 N/A -1.05 N/A -0.65 N/A -1.15 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 -1.15 N/A Chatham N/A -0.90 -0.92 N/A N/A N/A -1.17 N/A Brigden N/A -0.90 -0.92 N/A N/A N/A -1.17 N/A Palmerston N/A -0.71 -1.09 -0.66 N/A -0.79 -1.05 N/A Varna -0.70 -1.00 -1.10 N/A -0.60 -0.85 -1.05 N/A Mitchell -0.60 -0.95 -1.05 N/A -0.65 -0.90 -1.15 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 -0.48 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 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 0.63N/A 0.37N/A N/A N/A 0.38N/A Toledo El. 6.48US 6.73CA 6.66US 6.92CA 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 6.44 6.33 6.02 CAD $/tonne 236.48 232.66 221.19 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 315.00 - 340.00 Bayport Oats 320.00 Bayport Barley 295.00 FOB Hm Soymeal 623.26 - 636.49 DDG's FOB Srn & Aylm 285.00 - 290.00