FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 31 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0287 down 0.0006 Chicago corn closed slightly higher. SEP13 HI 4.99 1/2 DEC13 HI 4.80 1/2 LOW 4.93 LOW 4.73 1/4 CLOSE4.99 Up 3 1/2 CLOSE 4.79 Up 1 1/2 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 5.79 227.94 -0.75 4.04 159.05 CK High 0.85 5.84 229.91 -0.65 4.14 162.98 CK Avg 0.82 0.68 5.81 228.60 -0.73 -0.87 4.06 159.70 Essex Cty 0.90 5.89 231.88 -0.75 4.04 159.05 Mdsx Low 0.75 5.74 225.97 -0.75 4.04 159.05 Mdsx High 0.80 5.79 227.94 -0.75 4.04 159.05 Mdsx Avg 0.78 0.63 5.77 226.96 -0.75 -0.88 4.04 159.05 Hensall 0.75 5.74 225.97 -0.73 4.07 160.03 Bruce 0.75 5.74 225.97 -0.75 4.04 159.05 Putnam N/A -0.70 4.09 161.02 Burford 0.75 5.74 225.97 -0.75 4.04 159.05 Port Perry 0.60 5.59 220.07 -0.75 4.04 159.05 Norfolk 0.80 5.79 227.94 -0.75 4.04 159.05 Palmerston 0.75 5.74 225.97 -0.75 4.04 159.05 Varna 0.75 5.74 225.97 -0.70 4.09 161.02 Trenton 0.80 5.79 227.94 -0.70 4.09 161.02 Winchester 0.80 5.79 227.94 -0.45 4.34 170.86 North Gower 0.45 5.44 214.16 -0.70 4.09 161.02 Huron FOB 0.95 5.94 233.85 -0.70 4.09 161.02 Kent FOB 0.85 5.84 229.91 -0.80 3.99 157.08 Lamb FOB 0.85 5.84 229.91 -0.80 3.99 157.08 Mdsx FOB 0.80 1.00N/A N/A 5.79 227.94 -0.75 4.04 159.05 FOB SW Que N/A -0.70 4.09 161.02 Track 1.15 6.14 241.72N/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 0.70 1.10N/A N/A 5.69 224.01 -0.55 4.24 166.92 Sarn-Eth 1.00 1.30 1.00N/A 5.99 235.82 -0.50 4.29 168.89 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A 1.00 0.70N/A -0.45 4.34 170.86 Pt.Colb-Ing N/A 1.05 0.75N/A -0.40 4.39 172.83 Cardnl-Ing N/A N/A 0.75N/A -0.40 4.39 172.83 W O Feed 1.20 1.17 6.19 243.69 US Rep 1.80 1.77 6.79 267.31 Toledo El. 1.41 6.40 251.90 -0.31 4.48 176.43 TRANSFER Sarnia N/A N/A Pt. Stanley N/A -0.80 3.99157 Hamilton N/A -0.58 4.21165 3/4 MID SD CRN -0.70 4.09 HI SD CRN -0.65 4.141 *Wet Bid Bank of Canada Noon exchange rate was 1.0287 down 0.0006 Chicago soybeans closed slightly higher. NOV13 HI 12.11 1/2 NOV13 HI 12.11 1/2 LOW 11.94 1/4 LOW 11.94 1/4 CLOSE12.06 1/4 Up 3 1/4 CLOSE 12.06 1/4 Up 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV13 CK Low 1.40 13.46 494.66-0.35 11.71 430.36 CK High 1.70 13.76 505.69-0.28 11.78 432.93 CK Average 1.62 1.28 13.69 502.87-0.34-0.6811.73 430.85 Essex Cty 1.90 13.96 513.03-0.23 11.83 434.77 Mdsx Low 1.70 13.76 505.69-0.35 11.71 430.36 Mdsx High 1.72 13.78 506.42-0.30 11.76 432.20 Mdsx Average 1.71 1.37 13.77 506.05-0.33-0.6611.74 431.28 Hensall 1.68 13.74 504.77-0.30 11.76 432.20 Bruce 1.15 13.21 485.48-0.35 11.71 430.36 Putnam N/A -0.15 11.91 437.71 Burford 1.78 13.84 508.62-0.29 11.77 432.57 Port Perry 1.72 13.78 506.42-0.35 11.71 430.36 Norfolk 1.59 13.65 501.64-0.28 11.78 432.93 Palmerston 1.15 13.21 485.48-0.40 11.66 428.52 Varna 1.50 13.56 498.34-0.35 11.71 430.36 Trenton 1.30 13.36 490.99-0.45 11.61 426.69 Winchester 1.81 13.87 509.73-0.20 11.86 435.87 North Gower 1.10 13.16 483.64-0.22 11.84 435.14 Huron FOB 1.75 13.81 507.52-0.20 11.86 435.87 Kent FOB 1.69 13.75 505.32-0.28 11.78 432.93 Lambton FOB 1.69 13.75 505.32-0.28 11.78 432.93 Middlesex FOB1.51 N/A N/A N/A 13.57 498.70-0.20 11.86 435.87 PROCESSORS Hamilton 1.70 1.70 N/A N/A 13.76 505.690.10 12.16 446.90 Windsor 2.13 N/A N/A N/A 14.19 521.490.00 12.06 443.22 Winchester N/A N/A TRANSFER Hamilton N/A N/A N/A N/A 0.08 12.14 446.16 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A 0.60 12.66 465.27 Toledo El. 1.61 13.68 502.53-0.39 11.67 428.87 Bank of Canada Noon exchange rate was 1.0287 down 0.0006 Chicago wheat closed slightly higher. SEP13 HI 6.65 3/4 JUL14 HI 6.91 1/2 LOW 6.53 1/2 LOW 6.79 3/4 CLOSE 6.64 1/4 Up 9 CLOSE 6.89 Up 8 Minni wheat closed slightly higher. SEP13 HI 7.44 JUL14 HI 7.80 1/2 LOW 7.35 LOW 7.71 1/2 CLOSE 7.41 1/4 Up 4 CLOSE 7.77 3/4 Up 2 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.38 -0.48 -0.84 -0.67 CAD $/bu 6.26 6.16 5.80 6.75 CAD $/tonne 230.17 226.39 213.17 247.92 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 -0.92 -1.15 N/A N/A N/A -1.30 N/A London -0.80 -0.91 -0.96 N/A -0.49 -0.90 -1.16 N/A Hensall -1.10 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 -1.30 N/A Winchester N/A N/A N/A -0.69 N/A N/A N/A N/A Essex N/A N/A -0.99 N/A N/A N/A -1.13 N/A Norwich -0.95 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 -0.95 N/A -1.05 N/A -0.70 N/A -1.20 N/A Chatham N/A -0.92 -0.97 N/A N/A N/A -1.21 N/A Brigden N/A -0.92 -0.97 N/A N/A N/A -1.21 N/A Palmerston N/A -0.69 -1.06 -0.76 N/A -0.88 -1.19 N/A Varna -0.95 -1.05 -1.15 N/A -0.75 -1.00 -1.20 N/A Mitchell -0.95 -0.95 -1.10 N/A -0.70 -1.00 -1.30 N/A Thornton N/A N/A N/A -0.75 N/A N/A N/A N/A North Gower N/A N/A N/A -0.56 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 -0.74 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 0.55N/A 0.34N/A N/A N/A 0.40N/A Toledo El. 6.56US 6.75CA 6.66US 6.85CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.53 -0.63 -0.94 CAD $/bu 6.36 6.26 5.95 CAD $/tonne 233.85 230.07 218.74 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 310.00 - 340.00 Bayport Oats 330.00 Bayport Barley 280.00 FOB Hm Soymeal 548.96 - 550.06 DDG's FOB Srn & Aylm 270.00 - 280.00