FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 24 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.306 up 0.0030 Chicago corn closed lower. SEP15 HI 4.03 1/2 DEC15 HI 4.13 3/4 LOW 3.92 LOW 4.02 CLOSE3.92 1/2 Down 10 3/4 CLOSE 4.02 3/4 Down 11 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 4.48 176.17 0.45 4.48 176.27 CK High 0.60 4.53 178.14 0.50 4.53 178.24 CK Avg 0.56 -0.65 4.48 176.50 0.46 -0.78 4.49 176.60 Essex Cty N/A N/A Mdsx Low 0.55 4.48 176.17 0.45 4.48 176.27 Mdsx High 0.55 4.48 176.17 0.50 4.53 178.24 Mdsx Avg 0.55 -0.66 4.48 176.17 0.48 -0.76 4.50 177.26 Hensall 0.58 4.50 177.16 0.50 4.53 178.24 Bruce 0.55 4.48 176.17 0.45 4.48 176.27 Putnam 0.55 4.48 176.17 0.45 4.48 176.27 Burford 0.55 4.48 176.17 0.45 4.48 176.27 Port Perry 0.65 4.58 180.11 0.50 4.53 178.24 Norfolk 0.55 4.48 176.17 0.45 4.48 176.27 Palmerston 0.60 4.53 178.14 0.55 4.58 180.21 Varna 0.60 4.53 178.14 0.55 4.58 180.21 Trenton 0.90 4.83 189.95 0.65 4.68 184.15 Winchester 1.05 4.98 195.86 1.00 5.03 197.92 North Gower 1.15 5.08 199.79 0.90 4.93 193.99 Huron FOB 0.75 4.68 184.05 0.55 4.58 180.21 Kent FOB 0.55 4.48 176.17 0.45 4.48 176.27 Lamb FOB 0.55 4.48 176.17 0.45 4.48 176.27 Mdsx FOB 0.65 0.65N/A N/A 4.58 180.11 0.45 4.48 176.27 FOB SW Que N/A N/A Track 0.95 4.88 191.92N/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 4.68 184.15 Sarn-Eth 0.80 0.80 0.85N/A 4.73 186.02N/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 4.78 188.08 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 4.98 195.96 W O Feed 1.12 0.72 5.05 198.61 US Rep 1.40 1.00 5.33 209.64 Toledo El. -0.04 3.89 152.98 -0.34 3.69 145.17 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton N/A N/A MID SD CRN 0.47 1/2 4.50 1/4 HI SD CRN 0.50 4.52 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.306 up 0.0030 Chicago soybeans closed slightly to moderately lower. NOV15 HI 9.82 1/4 NOV15 HI 9.82 1/4 LOW 9.63 1/4 LOW 9.63 1/4 CLOSE9.65 Down 15 1/2 CLOSE 9.65 Down 15 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV15 CK Low 2.30 11.95 439.092.15 11.80 433.58 CK High 2.40 12.05 442.762.20 11.85 435.41 CK Average 2.35 -0.6212.00 440.862.16 -0.8011.81 434.00 Essex Cty N/A N/A Mdsx Low 2.34 11.99 440.562.15 11.80 433.58 Mdsx High 2.35 12.00 440.922.15 11.80 433.58 Mdsx Average 2.35 -0.6212.00 440.742.15 -0.8211.80 433.58 Hensall 2.41 12.06 442.952.15 11.80 433.58 Bruce 2.61 12.26 450.482.15 11.80 433.58 Putnam 2.30 11.95 439.092.10 11.75 431.74 Burford 2.37 12.02 441.662.18 11.83 434.68 Port Perry 2.34 11.99 440.562.15 11.80 433.58 Norfolk 2.35 12.00 440.922.15 11.80 433.58 Palmerston 2.45 12.10 444.602.20 11.85 435.41 Varna 2.46 12.11 444.972.15 11.80 433.58 Trenton 2.25 11.90 437.252.15 11.80 433.58 Winchester 2.20 11.85 435.412.45 12.10 444.60 North Gower 2.07 11.72 430.642.36 12.01 441.29 Huron FOB 2.56 12.21 448.642.25 11.90 437.25 Kent FOB 2.35 12.00 440.922.15 11.80 433.58 Lambton FOB 2.35 12.00 440.922.15 11.80 433.58 Middlesex FOB N/A 2.36 2.58 N/A 2.32 11.97 439.82 PROCESSORS Hamilton N/A 2.70 2.95 2.69 2.69 12.34 453.42 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. 0.35 10.00 367.55-0.43 9.22 338.72 Bank of Canada Noon exchange rate was 1.306 up 0.0030 Chicago wheat closed moderately lower. SEP15 HI 5.23 3/4 JUL16 HI 5.42 LOW 5.09 1/2 LOW 5.30 3/4 CLOSE 5.11 3/4 Down 9 3/4 CLOSE 5.32 1/2 Down 8 Minni wheat closed slightly to moderately lower. SEP15 HI 5.52 3/4 SEP16 HI 5.98 LOW 5.44 LOW 5.95 CLOSE 5.45 Down 7 3/4 CLOSE 5.96 1/2 Down 3 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 3.34 1.90 1.18 1.22 CAD $/bu 8.46 7.02 6.30 6.67 CAD $/tonne 310.68 257.84 231.42 244.99 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 0.71 N/A London 3.30 1.53 0.94 N/A 1.72 1.33 0.54 N/A Hensall 3.35 N/A 0.80 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 3.35 N/A 0.80 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 3.35 N/A 0.60 N/A 1.60 N/A 0.60 N/A Chatham N/A 1.65 0.40 N/A N/A 1.45 0.50 N/A Brigden N/A N/A 0.40 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 0.80 N/A 1.80 1.45 0.60 N/A Thornton N/A N/A N/A 1.04 N/A N/A N/A N/A North Gower N/A 1.91 1.19 1.22 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 4.84N/A 2.10N/A 5.04N/A 1.90N/A Toledo El. 5.29US 6.91CA 5.15US 6.73CA 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 0.85 1.31 CAD $/bu 6.96 7.09 6.18 7.28 CAD $/tonne 255.80 260.60 226.98 267.33 (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 550.94 - 556.46 DDG's FOB Srn & Aylm 210.00