FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0662 up 0.0023 Chicago corn closed moderately lower. SEP14 HI 4.05 3/4 DEC14 HI 4.10 1/2 LOW 3.97 LOW 4.03 CLOSE4.00 1/2 Down 9 CLOSE 4.06 1/4 Down 9 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP14+DEC14+DEC14 CK Low 0.05 4.06 159.64 -0.15 3.91 154.03 CK High 0.10 4.11 161.61 -0.15 3.91 154.03 CK Avg 0.07 -0.21 4.08 160.49 -0.15 -0.43 3.91 154.03 Essex Cty 0.05 4.06 159.64 -0.20 3.86 152.06 Mdsx Low 0.05 4.06 159.64 -0.15 3.91 154.03 Mdsx High 0.05 4.06 159.64 -0.15 3.91 154.03 Mdsx Avg 0.05 -0.23 4.06 159.64 -0.15 -0.43 3.91 154.03 Hensall 0.07 4.07 160.23 -0.18 3.89 153.04 Bruce 0.05 4.06 159.64 -0.15 3.91 154.03 Putnam N/A -0.20 3.86 152.06 Burford 0.05 4.06 159.64 -0.15 3.91 154.03 Port Perry 0.00 4.01 157.67 -0.15 3.91 154.03 Norfolk 0.08 4.09 160.82 -0.15 3.91 154.03 Palmerston 0.05 4.06 159.64 -0.15 3.91 154.03 Varna 0.05 4.06 159.64 -0.20 3.86 152.06 Trenton 0.10 4.11 161.61 -0.10 3.96 156.00 Winchester 0.25 4.26 167.51 0.15 4.21 165.84 North Gower 0.15 4.16 163.58 0.15 4.21 165.84 Huron FOB 0.38 4.39 172.63 -0.25 3.81 150.09 Kent FOB 0.08 4.09 160.82 -0.15 3.91 154.03 Lamb FOB 0.08 4.09 160.82 -0.15 3.91 154.03 Mdsx FOB 0.30N/A N/A N/A 4.31 169.48 -0.15 3.91 154.03 FOB SW Que 0.70 4.71 185.23 -0.13 3.93 154.82 Track 0.50 4.51 177.35N/A PROCESSORS Chat-Eth 0.20 0.25 0.25N/A 4.21 165.54N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth 0.20 0.25 0.25N/A 4.21 165.54 N/A Sarn-Eth 0.45 0.50 0.45N/A 4.46 175.39 0.00 4.06 159.93 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A 0.45 0.55 0.10 4.16 163.87 Pt.Colb-Ing 0.60 0.65 0.65 0.70 4.61 181.29 0.15 4.21 165.84 Cardnl-Ing N/A N/A 0.60 0.75 0.25 4.31 169.78 W O Feed 0.71 0.64 4.72 185.62 US Rep 0.70 0.63 4.71 185.23 Toledo El. -0.11 3.90 153.46 -0.33 3.73 146.88 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.65 4.66183 1/4 0.02 4.08160 5/7 MID SD CRN -0.15 3.91 1/4 HI SD CRN -0.15 3.91 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0662 up 0.0023 Chicago soybeans closed slightly to moderately lower. AUG14 HI 12.90 NOV14 HI 11.28 1/2 LOW 12.69 1/2 LOW 11.16 CLOSE12.73 1/4 Down 26 1/2 CLOSE 11.25 1/2 Down 8 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV14 CK Low 1.62 14.35 527.360.15 11.41 419.06 CK High 1.75 14.48 532.140.20 11.46 420.90 CK Average 1.72 0.84 14.45 530.980.16 -0.6211.42 419.43 Essex Cty 2.05 14.78 543.160.29 11.55 424.21 Mdsx Low 1.62 14.35 527.360.14 11.40 418.69 Mdsx High 1.75 14.48 532.140.15 11.41 419.06 Mdsx Average 1.69 0.80 14.42 529.750.15 -0.6311.40 418.88 Hensall 1.73 14.46 531.220.15 11.41 419.06 Bruce 1.75 14.48 532.140.15 11.41 419.06 Putnam N/A 0.25 11.51 422.74 Burford 1.65 14.38 528.470.17 11.43 419.80 Port Perry 1.62 14.35 527.360.14 11.40 418.69 Norfolk 1.64 14.37 528.100.10 11.36 417.22 Palmerston 1.70 14.43 530.300.15 11.41 419.06 Varna 1.70 14.43 530.300.15 11.41 419.06 Trenton 1.60 14.33 526.630.10 11.36 417.22 Winchester 1.65 14.38 528.470.40 11.66 428.25 North Gower 1.60 14.33 526.630.45 11.71 430.09 Huron FOB 1.80 14.53 533.980.25 11.51 422.74 Kent FOB 1.69 14.42 529.940.10 11.36 417.22 Lambton FOB 1.69 14.42 529.940.10 11.36 417.22 Middlesex FOB1.92 N/A N/A N/A 14.65 538.390.27 11.53 423.47 PROCESSORS Hamilton 2.23 N/A N/A N/A 14.96 549.780.60 11.86 435.60 Windsor 2.27 2.23 N/A N/A 15.00 551.250.52 11.78 432.66 Winchester N/A N/A TRANSFER Hamilton 2.40 N/A N/A N/A 15.13 556.020.50 11.76 431.92 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 2.10 14.83 545.001.26 12.52 459.85 Toledo El. 0.66 13.40 492.20-0.30 10.96 402.55 Bank of Canada Noon exchange rate was 1.0662 up 0.0023 Chicago wheat closed lower. SEP14 HI 5.77 JUL15 HI 6.45 1/4 LOW 5.56 LOW 6.29 CLOSE 5.56 3/4 Down 22 3/4 CLOSE 6.30 Down 22 3/4 Minni wheat closed slightly to moderately lower. SEP14 HI 6.71 1/2 JUL15 HI 7.03 LOW 6.58 1/4 LOW 6.96 CLOSE 6.61 3/4 Down 10 3/4 CLOSE 6.97 Down 7 GFO Cash Wheat Prices - DEL Terminal Current Crop 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.06 0.17 -0.31 -0.34 CAD $/bu 5.63 5.74 5.26 6.27 CAD $/tonne 206.96 210.89 193.21 230.53 Direct MarkHarvest 2014 Harvest 2015 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 0.02 -0.38 N/A N/A N/A -0.47 N/A London -0.08 0.13 -0.46 N/A -0.29 -0.34 -0.45 N/A Hensall 0.37 N/A -0.23 N/A 0.10 N/A -0.45 N/A Trenton N/A N/A -0.40 N/A N/A N/A N/A N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A -0.40 N/A N/A N/A -0.51 N/A Norwich 0.37 N/A -0.23 N/A 0.10 N/A -0.45 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 0.37 N/A -0.23 N/A 0.10 N/A -0.56 N/A Chatham N/A N/A -0.48 N/A N/A N/A -0.55 N/A Brigden N/A N/A -0.48 N/A N/A N/A -0.55 N/A Palmerston N/A 0.27 -0.37 -0.51 N/A 0.05 -0.58 N/A Varna 0.05 -0.05 -0.50 N/A 0.00 -0.10 -0.50 N/A Mitchell 0.37 0.42 -0.23 N/A 0.10 0.05 -0.45 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 -0.31 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 -0.26 N/A N/A N/A -0.39 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.81N/A 0.55N/A N/A N/A N/A N/A Toledo El. 5.59US 5.97CA 6.07US 6.49CA GFO Contract Wheat Prices - DEL Terminal Harvest 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.21 -0.10 -0.53 -0.48 CAD $/bu 6.09 6.20 5.77 6.49 CAD $/tonne 223.95 227.88 212.16 238.49 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 280.00 - 340.00 Bayport Oats 320.00 Bayport Barley 280.00 FOB Hm Soymeal 582.80 - 593.83 DDG's FOB Srn & Aylm 230.00