FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 23 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.303 up 0.0004 Chicago corn closed slightly higher. SEP15 HI 4.05 1/4 DEC15 HI 4.15 1/2 LOW 3.98 1/2 LOW 4.08 1/2 CLOSE4.03 1/4 Up 1/2 CLOSE 4.13 3/4 Up 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP15+DEC15+DEC15 CK Low 0.55 4.58 180.41 0.45 4.59 180.60 CK High 0.55 4.58 180.41 0.50 4.64 182.57 CK Avg 0.55 -0.68 4.58 180.41 0.46 -0.80 4.60 180.93 Essex Cty N/A N/A Mdsx Low 0.55 4.58 180.41 0.45 4.59 180.60 Mdsx High 0.55 4.58 180.41 0.50 4.64 182.57 Mdsx Avg 0.55 -0.68 4.58 180.41 0.48 -0.78 4.61 181.59 Hensall 0.58 4.61 181.39 0.50 4.64 182.57 Bruce 0.55 4.58 180.41 0.45 4.59 180.60 Putnam 0.55 4.58 180.41 0.45 4.59 180.60 Burford 0.55 4.58 180.41 0.45 4.59 180.60 Port Perry 0.65 4.68 184.34 0.50 4.64 182.57 Norfolk 0.55 4.58 180.41 0.45 4.59 180.60 Palmerston 0.60 4.63 182.37 0.55 4.69 184.54 Varna 0.60 4.63 182.37 0.55 4.69 184.54 Trenton 0.90 4.93 194.18 0.65 4.79 188.48 Winchester 1.05 5.08 200.09 1.00 5.14 202.25 North Gower 1.10 5.13 202.06 0.90 5.04 198.32 Huron FOB 0.75 4.78 188.28 0.55 4.69 184.54 Kent FOB 0.55 4.58 180.41 0.45 4.59 180.60 Lamb FOB 0.55 4.58 180.41 0.45 4.59 180.60 Mdsx FOB 0.65 0.65N/A N/A 4.68 184.34 0.45 4.59 180.60 FOB SW Que N/A N/A Track 0.95 4.98 196.15N/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 N/A N/A N/A N/A 0.65 4.79 188.48 Sarn-Eth 0.80 0.80 0.85N/A 4.83 190.25N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A 1.10 1.15 0.75 4.89 192.41 Pt.Colb-Ing N/A N/A N/A N/A N/A Cardnl-Ing N/A N/A 1.30 1.40 0.95 5.09 200.29 W O Feed 1.12 0.72 5.15 202.84 US Rep 1.40 1.00 5.43 213.87 Toledo El. -0.04 3.99 157.21 -0.34 3.80 149.54 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton N/A N/A MID SD CRN 0.47 1/2 4.61 1/4 HI SD CRN 0.50 4.63 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.303 up 0.0004 Chicago soybeans closed slightly to moderately lower. AUG15 HI 10.29 NOV15 HI 10.02 LOW 10.04 1/4 LOW 9.77 CLOSE10.10 Down 10 3/4 CLOSE 9.80 1/2 Down 15 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV15 CK Low 2.00 12.10 444.602.10 11.91 437.43 CK High 2.35 12.45 457.462.20 12.01 441.11 CK Average 2.16 -0.9112.26 450.542.14 -0.8411.95 438.90 Essex Cty N/A N/A Mdsx Low 2.12 12.22 449.012.10 11.91 437.43 Mdsx High 2.30 12.40 455.622.12 11.93 438.17 Mdsx Average 2.21 -0.8612.31 452.322.11 -0.8711.92 437.80 Hensall 2.25 12.35 453.782.13 11.93 438.35 Bruce 2.30 12.40 455.622.10 11.91 437.43 Putnam 2.30 12.40 455.622.10 11.91 437.43 Burford 2.15 12.25 450.112.15 11.96 439.27 Port Perry 2.12 12.22 449.012.12 11.93 438.17 Norfolk 2.05 12.15 446.442.15 11.96 439.27 Palmerston 2.45 12.55 461.132.20 12.01 441.11 Varna 2.35 12.45 457.462.15 11.96 439.27 Trenton 2.25 12.35 453.782.15 11.96 439.27 Winchester 1.90 12.00 440.922.45 12.26 450.29 North Gower 1.91 12.01 441.292.36 12.17 446.99 Huron FOB 2.30 12.40 455.622.25 12.06 442.95 Kent FOB 2.05 12.15 446.442.15 11.96 439.27 Lambton FOB 2.05 12.15 446.442.15 11.96 439.27 Middlesex FOB N/A 2.35 2.57 N/A 2.30 12.11 444.78 PROCESSORS Hamilton N/A 2.68 2.95 2.68 2.68 12.49 458.75 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Hamilton N/A N/A Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A N/A Toledo El. -0.04 10.06 369.67-0.43 9.37 344.46 Bank of Canada Noon exchange rate was 1.303 up 0.0004 Chicago wheat closed slightly higher. SEP15 HI 5.27 JUL16 HI 5.42 LOW 5.16 1/2 LOW 5.36 CLOSE 5.21 1/2 Up 4 3/4 CLOSE 5.40 1/2 Up 1 3/4 Minni wheat closed slightly higher. SEP15 HI 5.55 1/4 SEP16 HI 6.00 1/4 LOW 5.47 1/2 LOW 5.93 1/4 CLOSE 5.52 3/4 Up 4 3/4 CLOSE 6.00 1/4 Up 2 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 3.35 1.91 1.19 1.22 CAD $/bu 8.56 7.13 6.41 6.75 CAD $/tonne 314.58 261.87 235.52 248.10 Direct MarkHarvest 2015 Harvest 2016 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 1.70 1.00 N/A N/A 1.45 0.60 N/A London 3.26 1.51 0.79 N/A 1.69 1.30 0.59 N/A Hensall 3.35 N/A 1.00 N/A 1.80 N/A 0.60 N/A Trenton N/A N/A 1.05 N/A N/A N/A 0.60 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A N/A N/A N/A N/A N/A N/A Norwich 3.60 N/A 1.00 N/A 1.80 N/A 0.60 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 3.60 N/A 0.80 N/A 1.80 N/A 0.60 N/A Chatham N/A 1.65 0.60 N/A N/A 1.45 0.50 N/A Brigden N/A N/A 0.60 N/A N/A N/A 0.50 N/A Palmerston N/A 1.70 1.00 0.65 N/A 1.50 0.60 0.20 Varna 3.35 1.70 1.00 N/A 1.85 1.40 0.65 N/A Mitchell 3.35 1.75 1.00 N/A 1.80 1.45 0.60 N/A Thornton N/A N/A N/A 1.03 N/A N/A N/A N/A North Gower N/A 1.89 1.17 1.21 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 N/A 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 4.85N/A 2.11N/A 5.03N/A 1.90N/A Toledo El. 5.39US 7.02CA 5.23US 6.81CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.64 1.77 0.86 1.30 CAD $/bu 7.05 7.18 6.27 7.31 CAD $/tonne 259.00 263.79 230.25 268.46 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 280.00 - 300.00 Bayport Oats 280.00 Bayport Barley 270.00 FOB Hm Soymeal 555.57 - 561.09 DDG's FOB Srn & Aylm 205.00 - 210.00