FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 11 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.072 up 0.0062 Chicago corn closed moderately lower. SEP14 HI 3.88 1/2 DEC14 HI 3.94 3/4 LOW 3.75 3/4 LOW 3.82 1/2 CLOSE3.78 1/4 Down 8 CLOSE 3.84 3/4 Down 8 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP14+DEC14+DEC14 CK Low 0.10 3.88 152.85 -0.15 3.70 145.56 CK High 0.10 3.88 152.85 -0.15 3.70 145.56 CK Avg 0.10 -0.18 3.88 152.85 -0.15 -0.44 3.70 145.56 Essex Cty 0.07 3.85 151.67 -0.15 3.70 145.56 Mdsx Low 0.10 3.88 152.85 -0.15 3.70 145.56 Mdsx High 0.10 3.88 152.85 -0.15 3.70 145.56 Mdsx Avg 0.10 -0.18 3.88 152.85 -0.15 -0.44 3.70 145.56 Hensall 0.15 3.93 154.82 -0.15 3.70 145.56 Bruce 0.10 3.88 152.85 -0.15 3.70 145.56 Putnam 0.10 3.88 152.85 -0.15 3.70 145.56 Burford 0.10 3.88 152.85 -0.15 3.70 145.56 Port Perry 0.05 3.83 150.88 -0.15 3.70 145.56 Norfolk 0.10 3.88 152.85 -0.15 3.70 145.56 Palmerston 0.20 3.98 156.78 -0.15 3.70 145.56 Varna 0.20 3.98 156.78 -0.15 3.70 145.56 Trenton 0.20 3.98 156.78 -0.10 3.75 147.53 Winchester 0.25 4.03 158.75 0.15 4.00 157.37 North Gower 0.27 4.05 159.54 0.17 4.02 158.16 Huron FOB 0.40 4.18 164.66 -0.15 3.70 145.56 Kent FOB 0.10 3.88 152.85 -0.15 3.70 145.56 Lamb FOB 0.10 3.88 152.85 -0.15 3.70 145.56 Mdsx FOB 0.15N/A N/A N/A 3.93 154.82 -0.15 3.70 145.56 FOB SW Que 0.62 4.40 173.32 -0.12 3.73 146.75 Track 0.65 4.43 174.50N/A PROCESSORS Chat-Eth 0.20 0.25 0.25N/A 3.98 156.78N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth 0.20 0.25 0.25N/A 3.98 156.78 N/A Sarn-Eth 0.45 0.50 0.45N/A 4.23 166.63 0.00 3.85 151.47 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A 0.45 0.55 0.10 3.95 155.41 Pt.Colb-Ing 0.60 0.65 0.65 0.70 4.38 172.53 0.15 4.00 157.37 Cardnl-Ing N/A N/A 0.60 0.75 0.25 4.10 161.31 W O Feed 0.77 0.69 4.55 179.22 US Rep 0.70 0.62 4.48 176.47 Toledo El. -0.12 3.66 144.25 -0.28 3.57 140.47 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.70 4.48176 1/2 0.02 3.87152 1/4 MID SD CRN -0.15 3.69 3/4 HI SD CRN -0.15 3.69 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.072 up 0.0062 Chicago soybeans closed slightly lower to lower. AUG14 HI 12.38 1/4 NOV14 HI 10.96 3/4 LOW 11.59 1/4 LOW 10.65 CLOSE11.95 3/4 Down 37 CLOSE 10.75 Down 18 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV14 CK Low 1.70 13.66 501.830.10 10.85 398.67 CK High 1.85 13.81 507.340.20 10.95 402.34 CK Average 1.75 0.85 13.71 503.660.16 -0.6510.91 400.81 Essex Cty 1.80 13.76 505.500.29 11.04 405.65 Mdsx Low 1.70 13.66 501.830.10 10.85 398.67 Mdsx High 1.75 13.71 503.660.18 10.93 401.61 Mdsx Average 1.73 0.83 13.68 502.750.14 -0.6710.89 400.14 Hensall 1.78 13.73 504.580.13 10.88 399.59 Bruce 1.75 13.71 503.660.10 10.85 398.67 Putnam 1.80 13.76 505.500.15 10.90 400.51 Burford 1.73 13.69 502.930.21 10.96 402.71 Port Perry 1.70 13.66 501.830.18 10.93 401.61 Norfolk 1.75 13.71 503.660.15 10.90 400.51 Palmerston 1.80 13.76 505.500.15 10.90 400.51 Varna 1.80 13.76 505.500.15 10.90 400.51 Trenton 1.70 13.66 501.830.20 10.95 402.34 Winchester 1.85 13.81 507.340.54 11.29 414.84 North Gower 1.70 13.66 501.830.50 11.25 413.37 Huron FOB 1.90 13.86 509.180.25 11.00 404.18 Kent FOB 1.70 13.66 501.830.15 10.90 400.51 Lambton FOB 1.70 13.66 501.830.15 10.90 400.51 Middlesex FOB1.90 N/A N/A N/A 13.86 509.180.31 11.06 406.39 PROCESSORS Hamilton 2.23 N/A N/A N/A 14.19 521.300.60 11.35 417.04 Windsor 2.02 1.98 N/A N/A 13.98 513.590.52 11.27 414.10 Winchester N/A N/A TRANSFER Hamilton 2.37 N/A N/A N/A 14.33 526.450.54 11.29 414.84 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 2.05 14.01 514.691.29 12.04 442.39 Toledo El. 0.72 12.68 465.83-0.30 10.45 383.93 Bank of Canada Noon exchange rate was 1.072 up 0.0062 Chicago wheat closed lower. SEP14 HI 5.49 3/4 JUL15 HI 6.16 1/2 LOW 5.25 LOW 5.96 CLOSE 5.26 Down 22 1/2 CLOSE 5.96 1/2 Down 20 Minni wheat closed slightly to moderately lower. SEP14 HI 6.41 3/4 JUL15 HI 6.83 1/4 LOW 6.26 1/4 LOW 6.73 3/4 CLOSE 6.28 Down 13 CLOSE 6.77 3/4 Down 6 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.13 0.23 -0.25 -0.34 CAD $/bu 5.39 5.49 5.01 5.94 CAD $/tonne 197.90 201.85 184.07 218.44 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 -0.36 N/A N/A N/A -0.45 N/A London 0.02 0.18 -0.46 N/A -0.11 -0.33 -0.44 N/A Hensall 0.14 N/A -0.46 N/A 0.10 N/A -0.45 N/A Trenton N/A N/A -0.35 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 -0.32 N/A N/A N/A -0.54 N/A Norwich 0.14 N/A -0.46 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 0.14 N/A -0.46 N/A 0.10 N/A -0.45 N/A Chatham N/A N/A -0.45 N/A N/A N/A -0.45 N/A Brigden N/A N/A -0.45 N/A N/A N/A -0.45 N/A Palmerston N/A 0.25 -0.39 -0.54 N/A 0.03 -0.61 N/A Varna 0.15 0.25 -0.40 N/A 0.00 0.05 -0.40 N/A Mitchell 0.14 0.19 -0.46 N/A 0.10 0.05 -0.45 N/A Thornton N/A N/A N/A -1.18 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 -0.25 N/A N/A N/A -0.38 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.82N/A 0.61N/A N/A N/A 0.56N/A Toledo El. 5.28US 5.68CA 5.74US 6.17CA GFO Contract Wheat Prices - DEL Terminal Harvest 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.20 -0.09 -0.52 -0.46 CAD $/bu 5.77 5.88 5.45 6.32 CAD $/tonne 211.92 215.87 200.07 232.17 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 340.00 Bayport Oats 320.00 Bayport Barley 280.00 FOB Hm Soymeal 559.76 - 565.27 DDG's FOB Srn & Aylm 230.00