FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 26 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0291 up 0.0008 Chicago corn closed slightly lower. SEP13 HI 4.99 3/4 DEC13 HI 4.81 LOW 4.90 3/4 LOW 4.75 CLOSE4.92 Down 4 CLOSE 4.76 Down 2 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 0.80 5.72 225.19 -0.75 4.01 157.87 CK High 0.95 5.87 231.09 -0.65 4.11 161.80 CK Avg 0.86 0.71 5.78 227.48 -0.73 -0.87 4.04 158.85 Essex Cty 1.00 5.92 233.06 -0.75 4.01 157.87 Mdsx Low 0.80 5.72 225.19 -0.75 4.01 157.87 Mdsx High 0.80 5.72 225.19 -0.75 4.01 157.87 Mdsx Avg 0.80 0.65 5.72 225.19 -0.75 -0.89 4.01 157.87 Hensall 0.80 5.72 225.19 -0.73 4.04 158.85 Bruce 0.80 5.72 225.19 -0.75 4.01 157.87 Putnam N/A -0.70 4.06 159.84 Burford 0.75 5.67 223.22 -0.75 4.01 157.87 Port Perry 0.60 5.52 217.31 -0.75 4.01 157.87 Norfolk 0.75 5.67 223.22 -0.75 4.01 157.87 Palmerston 0.80 5.72 225.19 -0.70 4.06 159.84 Varna 0.85 5.77 227.15 -0.70 4.06 159.84 Trenton 0.80 5.72 225.19 -0.70 4.06 159.84 Winchester 0.80 5.72 225.19 -0.45 4.31 169.68 North Gower 0.45 5.37 211.41 -0.55 4.21 165.74 Huron FOB 0.95 5.87 231.09 -0.70 4.06 159.84 Kent FOB 0.80 5.72 225.19 -0.80 3.96 155.90 Lamb FOB 0.80 5.72 225.19 -0.80 3.96 155.90 Mdsx FOB 0.80 0.80N/A N/A 5.72 225.19 -0.75 4.01 157.87 FOB SW Que N/A -0.52 4.24 166.92 Track 1.20 6.12 240.93N/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 1.00N/A 5.52 217.31 -0.55 4.21 165.74 Sarn-Eth N/A 1.10 1.40 1.00 -0.50 4.26 167.71 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A 1.00 0.70 -0.45 4.31 169.68 Pt.Colb-Ing N/A N/A 1.05 0.75 -0.40 4.36 171.65 Cardnl-Ing N/A N/A N/A 0.75 -0.40 4.36 171.65 W O Feed 1.19 1.16 6.11 240.54 US Rep 1.80 1.77 6.72 264.55 Toledo El. 1.41 6.33 249.23 -0.31 4.45 175.23 TRANSFER Sarnia N/A N/A Pt. Stanley N/A -0.75 4.01157 7/8 Hamilton N/A -0.57 4.19165 MID SD CRN -0.70 4.061 HI SD CRN -0.65 4.111 *Wet Bid Bank of Canada Noon exchange rate was 1.0291 up 0.0008 Chicago soybeans closed slightly higher. NOV13 HI 12.31 1/2 NOV13 HI 12.31 1/2 LOW 12.07 1/4 LOW 12.07 1/4 CLOSE12.28 1/2 Up 4 1/2 CLOSE 12.28 1/2 Up 4 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV13 CK Low 1.15 13.44 493.65-0.45 11.84 434.86 CK High 1.55 13.84 508.35-0.31 11.98 440.01 CK Average 1.38 1.02 13.67 502.16-0.40-0.7611.89 436.82 Essex Cty 1.58 13.87 509.45-0.25 12.04 442.21 Mdsx Low 1.15 13.44 493.65-0.40 11.89 436.70 Mdsx High 1.50 13.79 506.51-0.40 11.89 436.70 Mdsx Average 1.33 0.96 13.61 500.08-0.40-0.7611.89 436.70 Hensall 1.33 13.61 500.08-0.40 11.89 436.70 Bruce 1.15 13.44 493.65-0.40 11.89 436.70 Putnam N/A -0.15 12.14 445.88 Burford 1.56 13.85 508.72-0.34 11.95 438.90 Port Perry 1.50 13.79 506.51-0.40 11.89 436.70 Norfolk 1.60 13.89 510.19-0.31 11.98 440.01 Palmerston 1.15 13.44 493.65-0.40 11.89 436.70 Varna 0.90 13.19 484.47-0.45 11.84 434.86 Trenton 1.30 13.59 499.16-0.45 11.84 434.86 Winchester 1.31 13.60 499.53-0.23 12.06 442.95 North Gower 1.17 13.46 494.39-0.27 12.02 441.48 Huron FOB 1.70 13.99 513.86-0.25 12.04 442.21 Kent FOB 1.55 13.84 508.35-0.31 11.98 440.01 Lambton FOB 1.55 13.84 508.35-0.31 11.98 440.01 Middlesex FOB N/A 1.60 N/A N/A -0.25 12.04 442.21 PROCESSORS Hamilton 1.75 1.90 N/A N/A 14.04 515.700.05 12.34 453.23 Windsor 1.81 1.61 N/A N/A 14.10 517.90-0.02 12.27 450.66 Winchester N/A N/A TRANSFER Hamilton N/A N/A N/A N/A 0.10 12.39 455.07 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A 0.62 12.91 474.18 Toledo El. 2.76 15.04 552.79-0.39 11.89 437.02 Bank of Canada Noon exchange rate was 1.0291 up 0.0008 Chicago wheat closed steady to slightly higher. SEP13 HI 6.57 1/2 JUL14 HI 6.80 LOW 6.48 LOW 6.73 CLOSE 6.50 1/4 Up 1 CLOSE 6.74 1/2 Unchanged Minni wheat closed slightly lower. SEP13 HI 7.44 1/4 JUL14 HI 7.75 1/4 LOW 7.35 1/2 LOW 7.73 CLOSE 7.36 1/2 Down 1 1/4 CLOSE 7.73 Down 1 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.37 -0.48 -0.84 -0.66 CAD $/bu 6.13 6.03 5.67 6.71 CAD $/tonne 225.20 221.42 208.18 246.48 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 -0.94 -1.15 N/A N/A N/A -1.29 N/A London -0.83 -0.94 -0.99 N/A -0.52 -0.93 -1.18 N/A Hensall -1.05 N/A -1.15 N/A -0.70 N/A -1.30 N/A Trenton N/A N/A -1.25 N/A N/A N/A -1.25 N/A Winchester N/A N/A N/A -0.69 N/A N/A N/A N/A Essex N/A N/A -0.98 N/A N/A N/A -1.13 N/A Norwich -0.90 N/A -1.15 N/A -0.65 N/A -1.30 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.90 N/A -1.05 N/A -0.70 N/A -1.20 N/A Chatham N/A -0.94 -0.97 N/A N/A N/A -1.21 N/A Brigden N/A -0.94 -0.97 N/A N/A N/A -1.21 N/A Palmerston N/A -0.69 -1.06 -0.61 N/A -0.88 -1.13 N/A Varna -0.90 -1.00 -1.10 N/A -0.70 -0.95 -1.15 N/A Mitchell -0.90 -0.95 -1.10 N/A -0.70 -0.95 -1.30 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 -0.79 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 -0.79 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 0.35N/A N/A N/A 0.41N/A Toledo El. 6.39US 6.58CA 6.52US 6.71CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.52 -0.62 -0.93 CAD $/bu 6.22 6.12 5.81 CAD $/tonne 228.70 224.92 213.57 (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 571.34 - 581.26 DDG's FOB Srn & Aylm 285.00 - 290.00