FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 21 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0737 up 0.0000 Chicago corn closed moderately lower. SEP14 HI 3.69 DEC14 HI 3.76 1/2 LOW 3.63 LOW 3.70 1/2 CLOSE3.64 Down 7 1/4 CLOSE 3.72 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 0.15 3.79 149.21 -0.15 3.57 140.54 CK High 0.20 3.84 151.17 -0.10 3.62 142.51 CK Avg 0.18 -0.10 3.82 150.19 -0.11 -0.39 3.61 142.19 Essex Cty 0.18 3.82 150.39 -0.12 3.60 141.73 Mdsx Low 0.15 3.79 149.21 -0.10 3.62 142.51 Mdsx High 0.15 3.79 149.21 -0.10 3.62 142.51 Mdsx Avg 0.15 -0.12 3.79 149.21 -0.10 -0.38 3.62 142.51 Hensall 0.18 3.82 150.19 -0.10 3.62 142.51 Bruce 0.15 3.79 149.21 -0.10 3.62 142.51 Putnam 0.15 3.79 149.21 -0.10 3.62 142.51 Burford 0.15 3.79 149.21 -0.10 3.62 142.51 Port Perry 0.05 3.69 145.27 -0.15 3.57 140.54 Norfolk 0.20 3.84 151.17 -0.10 3.62 142.51 Palmerston 0.30 3.94 155.11 -0.15 3.57 140.54 Varna 0.20 3.84 151.17 -0.15 3.57 140.54 Trenton 0.20 3.84 151.17 -0.10 3.62 142.51 Winchester 0.25 3.89 153.14 0.15 3.87 152.36 North Gower 0.37 4.01 157.87 0.17 3.89 153.14 Huron FOB 0.40 4.04 159.05 -0.10 3.62 142.51 Kent FOB 0.20 3.84 151.17 -0.15 3.57 140.54 Lamb FOB 0.15 3.79 149.21 -0.15 3.57 140.54 Mdsx FOB 0.15N/A N/A N/A 3.79 149.21 -0.10 3.62 142.51 FOB SW Que 0.71 4.35 171.25 -0.13 3.59 141.33 Track 0.70 4.34 170.86N/A PROCESSORS Chat-Eth 0.40 0.45 0.45 0.05 4.04 159.05 0.05 3.77 148.42 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth 0.40 0.45 0.45 0.05 4.04 159.05 0.05 3.77 148.42 Sarn-Eth 0.45 0.50 0.45 0.00 4.09 161.02 0.00 3.72 146.45 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A 0.55 0.55 0.65 0.20 3.92 154.32 Pt.Colb-Ing 0.65 0.70 0.70 0.75 4.29 168.89 0.30 4.02 158.26 Cardnl-Ing N/A N/A 0.65 0.75 0.35 4.07 160.23 W O Feed 1.01 0.93 4.65 183.06 US Rep 0.80 0.72 4.44 174.80 Toledo El. -0.13 3.51 138.22 -0.30 3.42 134.60 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.80 4.44174 4/5 0.12 3.84151 1/6 MID SD CRN -0.12 1/2 3.59 1/2 HI SD CRN -0.10 3.62 *Wet Bid Bank of Canada Noon exchange rate was 1.0737 up 0.0000 Chicago soybeans closed slightly lower. AUG14 HI 11.85 NOV14 HI 10.80 LOW 11.66 LOW 10.65 1/2 CLOSE11.75 3/4 Down 1 CLOSE 10.71 1/2 Down 13 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV14 CK Low 1.60 13.36 490.800.15 10.87 399.22 CK High 1.75 13.51 496.320.27 10.99 403.63 CK Average 1.65 0.77 13.41 492.640.20 -0.6110.91 400.87 Essex Cty 1.73 13.49 495.580.27 10.99 403.63 Mdsx Low 1.60 13.36 490.800.15 10.87 399.22 Mdsx High 1.65 13.41 492.640.21 10.93 401.43 Mdsx Average 1.63 0.75 13.38 491.720.18 -0.6210.90 400.32 Hensall 1.68 13.43 493.560.15 10.87 399.22 Bruce 1.60 13.36 490.800.15 10.87 399.22 Putnam 1.60 13.36 490.800.15 10.87 399.22 Burford 1.68 13.44 493.740.24 10.96 402.53 Port Perry 1.65 13.41 492.640.21 10.93 401.43 Norfolk 1.70 13.46 494.480.15 10.87 399.22 Palmerston 1.80 13.56 498.150.15 10.87 399.22 Varna 1.75 13.51 496.320.15 10.87 399.22 Trenton 1.70 13.46 494.480.20 10.92 401.06 Winchester 1.75 13.51 496.320.65 11.37 417.59 North Gower 1.71 13.47 494.850.53 11.25 413.18 Huron FOB 1.85 13.61 499.990.25 10.97 402.89 Kent FOB 1.65 13.41 492.640.15 10.87 399.22 Lambton FOB 1.65 13.41 492.640.15 10.87 399.22 Middlesex FOB1.85 N/A N/A N/A 13.61 499.990.35 11.07 406.57 PROCESSORS Hamilton 2.16 N/A N/A N/A 13.92 511.380.66 11.38 417.96 Windsor 1.95 1.91 N/A N/A 13.71 503.660.50 11.22 412.08 Winchester N/A N/A TRANSFER Hamilton 2.15 N/A N/A N/A 13.91 511.010.54 11.26 413.55 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 2.04 13.80 506.971.29 12.01 441.11 Toledo El. 0.72 12.48 458.47-0.30 10.41 382.65 Bank of Canada Noon exchange rate was 1.0737 up 0.0000 Chicago wheat closed narrowly mixed. SEP14 HI 5.31 1/4 JUL15 HI 6.06 1/2 LOW 5.23 3/4 LOW 5.98 CLOSE 5.30 Down 2 1/4 CLOSE 6.05 3/4 Up 3/4 Minni wheat closed slightly lower. SEP14 HI 6.29 1/2 JUL15 HI 6.67 1/4 LOW 6.21 LOW 6.62 1/2 CLOSE 6.23 1/4 Down 7 CLOSE 6.63 1/4 Down 6 GFO Cash Wheat Prices - DEL Terminal Current Crop 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.18 0.29 -0.19 -0.34 CAD $/bu 5.48 5.59 5.11 5.89 CAD $/tonne 201.41 205.36 187.59 216.52 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 0.25 -0.31 N/A N/A N/A -0.49 N/A London 0.20 0.20 -0.29 N/A 0.06 -0.21 -0.43 N/A Hensall 0.40 N/A -0.30 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 -0.31 N/A N/A N/A -0.53 N/A Norwich 0.40 N/A -0.30 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 0.50 N/A -0.30 N/A 0.10 N/A -0.45 N/A Chatham N/A N/A -0.30 N/A N/A N/A -0.45 N/A Brigden N/A N/A -0.30 N/A N/A N/A -0.45 N/A Palmerston N/A 0.29 -0.34 -0.49 N/A 0.08 -0.57 N/A Varna 0.15 0.40 -0.30 N/A 0.25 0.15 -0.35 N/A Mitchell 0.40 0.30 -0.30 N/A 0.10 0.05 -0.45 N/A Thornton N/A N/A N/A -1.07 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 -0.20 N/A N/A N/A -0.37 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 0.67N/A 1.04N/A 0.67N/A Toledo El. 5.32US 5.72CA 5.83US 6.26CA GFO Contract Wheat Prices - DEL Terminal Harvest 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.19 -0.08 -0.51 -0.47 CAD $/bu 5.87 5.97 5.54 6.16 CAD $/tonne 215.53 219.48 203.68 226.39 (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 554.14 - 556.35 DDG's FOB Srn & Aylm 215.00 - 220.00