FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, July 27 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.3009 down 0.0051 Chicago corn closed sharply lower. SEP15 HI 3.89 1/4 DEC15 HI 3.99 1/4 LOW 3.72 1/2 LOW 3.83 CLOSE3.73 Down 19 1/2 CLOSE 3.83 1/2 Down 19 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 4.28 168.50 0.45 4.29 168.69 CK High 0.60 4.33 170.46 0.50 4.34 170.66 CK Avg 0.56 -0.57 4.29 168.82 0.46 -0.71 4.29 169.02 Essex Cty N/A N/A Mdsx Low 0.55 4.28 168.50 0.45 4.29 168.69 Mdsx High 0.55 4.28 168.50 0.50 4.34 170.66 Mdsx Avg 0.55 -0.58 4.28 168.50 0.48 -0.69 4.31 169.68 Hensall 0.58 4.31 169.48 0.50 4.34 170.66 Bruce 0.55 4.28 168.50 0.45 4.29 168.69 Putnam 0.55 4.28 168.50 0.45 4.29 168.69 Burford 0.55 4.28 168.50 0.45 4.29 168.69 Port Perry 0.65 4.38 172.43 0.50 4.34 170.66 Norfolk 0.55 4.28 168.50 0.45 4.29 168.69 Palmerston 0.60 4.33 170.46 0.55 4.39 172.63 Varna 0.60 4.33 170.46 0.55 4.39 172.63 Trenton 0.95 4.68 184.24 0.65 4.49 176.57 Winchester 1.05 4.78 188.18 1.00 4.84 190.35 North Gower 1.25 4.98 196.05 0.90 4.74 186.41 Huron FOB 0.75 4.48 176.37 0.55 4.39 172.63 Kent FOB 0.55 4.28 168.50 0.45 4.29 168.69 Lamb FOB 0.55 4.28 168.50 0.45 4.29 168.69 Mdsx FOB 0.65 0.65N/A N/A 4.38 172.43 0.45 4.29 168.69 FOB SW Que N/A N/A Track 0.95 4.68 184.24N/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 4.49 176.57 Sarn-Eth 0.80 0.80 0.85N/A 4.53 178.34N/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 4.59 180.50 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 4.79 188.38 W O Feed 1.12 0.73 4.85 190.94 US Rep 1.40 1.01 5.13 201.96 Toledo El. -0.04 3.69 145.30 -0.34 3.50 137.64 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton N/A N/A MID SD CRN 0.47 1/2 4.311 HI SD CRN 0.50 4.33 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.3009 down 0.0051 Chicago soybeans closed moderately lower to lower. NOV15 HI 9.60 NOV15 HI 9.60 LOW 9.31 3/4 LOW 9.31 3/4 CLOSE9.33 1/4 Down 31 3/4 CLOSE 9.33 1/4 Down 31 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV15 CK Low 2.18 11.51 423.012.02 11.35 417.13 CK High 2.40 11.73 431.102.20 11.53 423.75 CK Average 2.29 -0.5411.63 427.182.11 -0.7211.44 420.38 Essex Cty N/A N/A Mdsx Low 2.18 11.51 423.012.00 11.33 416.40 Mdsx High 2.35 11.68 429.262.15 11.48 421.91 Mdsx Average 2.27 -0.5711.60 426.142.08 -0.7611.41 419.15 Hensall 2.30 11.63 427.422.13 11.46 420.99 Bruce 2.63 11.96 439.552.15 11.48 421.91 Putnam 2.30 11.63 427.422.10 11.43 420.07 Burford 2.21 11.54 424.112.03 11.36 417.50 Port Perry 2.18 11.51 423.012.00 11.33 416.40 Norfolk 2.23 11.56 424.852.03 11.36 417.50 Palmerston 2.25 11.58 425.582.05 11.38 418.24 Varna 2.25 11.58 425.582.10 11.43 420.07 Trenton 2.25 11.58 425.582.15 11.48 421.91 Winchester 2.20 11.53 423.752.35 11.68 429.26 North Gower 1.82 11.15 409.782.39 11.72 430.73 Huron FOB 2.61 11.94 438.812.20 11.53 423.75 Kent FOB 2.23 11.56 424.852.03 11.36 417.50 Lambton FOB 2.23 11.56 424.852.03 11.36 417.50 Middlesex FOB N/A 2.30 2.49 N/A 2.12 11.45 420.81 PROCESSORS Hamilton N/A 2.60 2.86 2.53 2.53 11.86 435.87 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 9.68 355.84-0.43 8.90 327.11 Bank of Canada Noon exchange rate was 1.3009 down 0.0051 Chicago wheat closed moderately lower. SEP15 HI 5.11 3/4 JUL16 HI 5.30 1/2 LOW 5.01 1/4 LOW 5.25 CLOSE 5.02 1/2 Down 9 1/4 CLOSE 5.25 1/2 Down 7 Minni wheat closed moderately lower. SEP15 HI 5.45 SEP16 HI 5.94 1/2 LOW 5.35 3/4 LOW 5.90 CLOSE 5.37 Down 8 CLOSE 5.90 1/4 Down 6 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 3.28 1.85 1.13 1.17 CAD $/bu 8.31 6.88 6.16 6.54 CAD $/tonne 305.32 252.64 226.30 240.42 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 3.21 1.46 0.87 N/A 1.66 1.27 0.49 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 3.35 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 0.60 N/A Brigden N/A N/A 0.40 N/A N/A N/A 0.60 N/A Palmerston N/A 1.70 0.95 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 0.94 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 4.78N/A 2.05N/A 4.98N/A 1.86N/A Toledo El. 5.20US 6.77CA 5.08US 6.61CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.59 1.72 0.81 1.27 CAD $/bu 6.85 6.98 6.07 7.17 CAD $/tonne 251.68 256.47 222.94 263.53 (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 539.26 - 544.77 DDG's FOB Srn & Aylm 210.00