FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 15 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0766 up 0.0044 Chicago corn closed moderately lower. SEP14 HI 3.81 1/4 DEC14 HI 3.88 LOW 3.71 LOW 3.78 1/4 CLOSE3.74 Down 7 1/2 CLOSE 3.81 3/4 Down 6 1/2 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 3.84 151.17 -0.15 3.67 144.38 CK High 0.15 3.89 153.14 -0.15 3.67 144.38 CK Avg 0.11 -0.18 3.85 151.50 -0.15 -0.45 3.67 144.38 Essex Cty 0.00 3.74 147.24 -0.15 3.67 144.38 Mdsx Low 0.10 3.84 151.17 -0.15 3.67 144.38 Mdsx High 0.10 3.84 151.17 -0.15 3.67 144.38 Mdsx Avg 0.10 -0.19 3.84 151.17 -0.15 -0.45 3.67 144.38 Hensall 0.15 3.89 153.14 -0.15 3.67 144.38 Bruce 0.10 3.84 151.17 -0.15 3.67 144.38 Putnam 0.10 3.84 151.17 -0.15 3.67 144.38 Burford 0.10 3.84 151.17 -0.15 3.67 144.38 Port Perry 0.05 3.79 149.21 -0.15 3.67 144.38 Norfolk 0.15 3.89 153.14 -0.15 3.67 144.38 Palmerston 0.20 3.94 155.11 -0.15 3.67 144.38 Varna 0.20 3.94 155.11 -0.15 3.67 144.38 Trenton 0.20 3.94 155.11 -0.10 3.72 146.35 Winchester 0.25 3.99 157.08 0.15 3.97 156.19 North Gower 0.27 4.01 157.87 0.17 3.99 156.98 Huron FOB 0.40 4.14 162.98 -0.15 3.67 144.38 Kent FOB 0.15 3.89 153.14 -0.15 3.67 144.38 Lamb FOB 0.15 3.89 153.14 -0.15 3.67 144.38 Mdsx FOB 0.15N/A N/A N/A 3.89 153.14 -0.15 3.67 144.38 FOB SW Que 0.73 4.47 175.98 -0.10 3.72 146.35 Track 0.65 4.39 172.83N/A PROCESSORS Chat-Eth 0.40 0.45 0.45 0.05 4.14 162.98 0.05 3.87 152.26 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth 0.40 0.45 0.45 0.05 4.14 162.98 0.05 3.87 152.26 Sarn-Eth 0.45 0.50 0.45N/A 4.19 164.95 0.00 3.82 150.29 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A 0.45 0.55 0.10 3.92 154.23 Pt.Colb-Ing 0.60 0.65 0.65 0.70 4.34 170.86 0.15 3.97 156.19 Cardnl-Ing N/A N/A 0.60 0.75 0.25 4.07 160.13 W O Feed 0.86 0.78 4.60 181.09 US Rep 0.70 0.62 4.44 174.80 Toledo El. -0.12 3.62 142.57 -0.28 3.54 139.25 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.70 4.44174 4/5 0.02 3.84151 MID SD CRN -0.15 3.66 3/4 HI SD CRN -0.15 3.66 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0766 up 0.0044 Chicago soybeans closed slightly lower to steady. AUG14 HI 11.95 NOV14 HI 10.88 1/2 LOW 11.53 1/4 LOW 10.70 CLOSE11.80 1/2 Down 16 1/2 CLOSE 10.86 1/4 Unchanged OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV14 CK Low 1.70 13.51 496.220.10 10.96 402.80 CK High 1.85 13.66 501.740.20 11.06 406.48 CK Average 1.75 0.83 13.56 498.180.16 -0.6911.02 404.95 Essex Cty 1.77 13.58 498.800.31 11.17 410.52 Mdsx Low 1.72 13.53 496.960.15 11.01 404.64 Mdsx High 1.75 13.56 498.060.17 11.03 405.37 Mdsx Average 1.74 0.81 13.54 497.510.16 -0.6911.02 405.01 Hensall 1.78 13.58 498.980.15 11.01 404.64 Bruce 1.75 13.56 498.060.15 11.01 404.64 Putnam 1.75 13.56 498.060.10 10.96 402.80 Burford 1.75 13.56 498.060.20 11.06 406.48 Port Perry 1.72 13.53 496.960.17 11.03 405.37 Norfolk 1.75 13.56 498.060.18 11.04 405.74 Palmerston 1.80 13.61 499.900.15 11.01 404.64 Varna 1.80 13.61 499.900.15 11.01 404.64 Trenton 1.75 13.56 498.060.20 11.06 406.48 Winchester 1.85 13.66 501.740.50 11.36 417.50 North Gower 1.70 13.51 496.220.52 11.38 418.24 Huron FOB 1.90 13.71 503.570.25 11.11 408.31 Kent FOB 1.70 13.51 496.220.18 11.04 405.74 Lambton FOB 1.70 13.51 496.220.18 11.04 405.74 Middlesex FOB1.92 N/A N/A N/A 13.73 504.310.33 11.19 411.25 PROCESSORS Hamilton 2.27 N/A N/A N/A 14.08 517.170.66 11.52 423.38 Windsor 2.00 1.95 0.53 N/A 13.81 507.250.54 11.40 418.97 Winchester N/A N/A TRANSFER Hamilton 2.29 N/A N/A N/A 14.10 517.900.57 11.43 420.07 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 2.00 13.81 507.251.33 12.19 448.00 Toledo El. 0.72 12.53 460.30-0.30 10.56 388.04 Bank of Canada Noon exchange rate was 1.0766 up 0.0044 Chicago wheat closed steady. SEP14 HI 5.39 1/2 JUL15 HI 6.10 3/4 LOW 5.30 1/2 LOW 6.02 1/4 CLOSE 5.37 3/4 Unchanged CLOSE 6.08 1/2 Unchanged Minni wheat closed slightly to moderately lower. SEP14 HI 6.40 1/2 JUL15 HI 6.82 LOW 6.30 LOW 6.72 3/4 CLOSE 6.30 1/2 Down 8 3/4 CLOSE 6.73 1/4 Down 10 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.15 0.26 -0.23 -0.32 CAD $/bu 5.53 5.63 5.15 5.99 CAD $/tonne 203.09 207.05 189.22 220.02 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 -0.35 N/A N/A N/A -0.45 N/A London 0.15 0.20 -0.44 N/A 0.01 -0.32 -0.42 N/A Hensall 0.25 N/A -0.35 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 0.05 N/A N/A N/A N/A Essex N/A N/A -0.35 N/A N/A N/A -0.50 N/A Norwich 0.25 N/A -0.35 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 0.25 N/A -0.35 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 0.29 -0.35 -0.49 N/A 0.07 -0.57 N/A Varna 0.15 0.25 -0.40 N/A 0.00 0.05 -0.40 N/A Mitchell 0.25 0.30 -0.35 N/A 0.10 0.05 -0.45 N/A Thornton N/A N/A N/A -1.08 N/A N/A N/A N/A North Gower N/A N/A N/A -0.28 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 -0.18 N/A N/A N/A -0.36 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.85N/A 0.63N/A N/A N/A 0.58N/A Toledo El. 5.40US 5.82CA 5.86US 6.31CA GFO Contract Wheat Prices - DEL Terminal Harvest 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.17 -0.06 -0.50 -0.45 CAD $/bu 5.91 6.02 5.59 6.29 CAD $/tonne 217.25 221.21 205.36 231.01 (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 550.17 - 555.68 DDG's FOB Srn & Aylm 230.00