FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9854 down 0.0013 Chicago corn closed slightly lower. MAR13 HI 7.31 3/4 DEC13 HI 6.30 LOW 7.19 LOW 6.21 1/2 CLOSE7.25 1/2 Down 2 1/2 CLOSE 6.25 3/4 Down 2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR13+MAR13+MAY13 CK Low -0.65 6.61 260.03 -0.75 5.51 216.82 CK High -0.60 6.66 262.00 -0.70 5.56 218.79 CK Avg -0.63 -0.52 6.63 261.01 -0.71 -0.63 5.55 218.46 Essex Cty -0.65 6.61 260.03 -0.75 5.51 216.82 Mdsx Low -0.65 6.61 260.03 -0.70 5.56 218.79 Mdsx High -0.65 6.61 260.03 -0.70 5.56 218.79 Mdsx Avg -0.65 -0.54 6.61 260.03 -0.70 -0.62 5.56 218.79 Hensall -0.65 6.61 260.03 -0.70 5.56 218.79 Bruce -0.65 6.61 260.03 -0.70 5.56 218.79 Putnam -0.65 6.61 260.03 -0.70 5.56 218.79 Burford -0.65 6.61 260.03 -0.70 5.56 218.79 Port Perry -0.65 6.61 260.03 -0.70 5.56 218.79 Norfolk -0.55 6.71 263.96 -0.75 5.51 216.82 Palmerston -0.65 6.61 260.03 -0.70 5.56 218.79 Varna -0.65 6.61 260.03 -0.70 5.56 218.79 Trenton -0.65 6.61 260.03 -0.70 5.56 218.79 Winchester -0.25 7.01 275.77 -0.65 5.61 220.76 North Gower -0.35 6.91 271.84 -0.83 5.43 213.67 Huron FOB -0.60 6.66 262.00 -0.70 5.56 218.79 Kent FOB -0.60 6.66 262.00 -0.70 5.56 218.79 Lamb FOB -0.60 6.66 262.00 -0.70 5.56 218.79 Mdsx FOB -0.65 -0.60 -0.55N/A 6.61 260.03 -0.70 5.56 218.79 FOB SW Que -0.40 6.86 269.87 -0.50 5.76 226.66 Track -0.28 6.98 274.79N/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 -0.35 N/A Sarn-Eth -0.60 -0.30 -0.30 -0.30 6.66 262.00N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A N/A N/A N/A -0.55 5.71 224.69 Pt.Colb-Cas N/A N/A N/A N/A -0.40 5.86 230.60 Cardnl-Cas N/A N/A N/A 0.15 -0.45 5.81 228.63 W O Feed -0.20 -0.19 7.06 277.74 US Rep 0.50 0.51 7.76 305.30 Toledo El. -0.01 7.25 285.23 -0.28 5.98 235.47 TRANSFER Sarnia N/A N/A Pt. Stanley -0.60 6.66 262.00N/A Hamilton -0.60 6.66262 -0.60 5.66222 5/7 MID SD CRN -0.62 1/2 6.63 HI SD CRN -0.60 6.65 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9854 down 0.0013 Chicago soybeans closed narrowly mixed. JAN13 HI 14.78 3/4 NOV13 HI 13.23 LOW 14.57 1/4 LOW 13.10 CLOSE14.73 1/2 Up 1 1/2 CLOSE 13.18 1/2 Down 3 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR13 CK Low -0.91 13.83 507.98-1.02 12.17 446.99 CK High -0.80 13.94 512.02-0.95 12.24 449.56 CK Average -0.88 -0.6613.86 509.21-1.00-0.8312.19 447.91 Essex Cty -0.68 14.06 516.43-0.96 12.23 449.19 Mdsx Low -0.86 13.88 509.82-0.97 12.22 448.82 Mdsx High -0.85 13.89 510.19-0.95 12.24 449.56 Mdsx Average -0.86 -0.6313.88 510.00-0.96-0.7912.23 449.19 Hensall -0.83 13.91 511.11-0.93 12.26 450.48 Bruce -0.85 13.89 510.19-0.95 12.24 449.56 Putnam -0.90 13.84 508.35-1.00 12.19 447.72 Burford -0.86 13.88 509.82-0.97 12.22 448.82 Port Perry -0.89 13.85 508.72-1.00 12.19 447.72 Norfolk -0.85 13.89 510.19-0.97 12.22 448.82 Palmerston -0.80 13.94 512.02-0.90 12.29 451.40 Varna -0.80 13.94 512.02-0.90 12.29 451.40 Trenton -0.89 13.85 508.72-0.92 12.27 450.66 Winchester -0.75 13.99 513.86-0.80 12.39 455.07 North Gower -0.80 13.94 512.02-1.03 12.16 446.62 Huron FOB -0.65 14.09 517.54-0.85 12.34 453.23 Kent FOB -0.90 13.84 508.35-1.02 12.17 446.99 Lambton FOB -0.90 13.84 508.35-1.02 12.17 446.99 Middlesex FOB-0.54-0.65-0.65 N/A 14.20 521.58-0.83 12.36 453.97 PROCESSORS Hamilton -0.30-0.40-0.40-0.35 14.44 530.40-0.50 12.69 466.09 Windsor -0.45-0.39-0.38-0.37 14.29 524.88-0.73 12.46 457.64 Winchester N/A N/A TRANSFER Hamilton -0.15-0.80 N/A N/A 14.59 535.91-0.46 12.73 467.56 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.15 14.89 546.93-0.35 12.84 471.61 Toledo El. -0.08 14.66 538.52-0.33 12.86 472.50 Bank of Canada Noon exchange rate was 0.9854 down 0.0013 Chicago wheat closed slightly lower. MAR13 HI 8.25 1/2 JUL13 HI 8.45 1/2 LOW 8.09 LOW 8.29 3/4 CLOSE 8.12 Down 9 1/2 CLOSE 8.32 3/4 Down 9 1/2 Minni wheat closed slightly lower. MAR13 HI 9.18 SEP13 HI 9.31 LOW 9.03 LOW 9.20 1/4 CLOSE 9.04 Down 7 CLOSE 9.20 1/2 Down 6 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.71 -0.61 -0.86 -1.07 CAD $/bu 7.41 7.51 7.26 7.97 CAD $/tonne 272.18 275.79 266.75 292.81 Direct MarkHarvest 2012 Harvest 2013 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 N/A -1.23 N/A N/A -1.00 -1.25 N/A London -0.99 -0.99 -1.24 N/A -0.99 -0.99 -1.29 N/A Hensall -0.80 N/A -1.15 N/A -0.75 N/A -1.25 N/A Trenton N/A N/A N/A N/A N/A N/A -1.40 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.05 Essex N/A N/A -1.33 N/A N/A N/A -1.33 N/A Norwich -0.80 N/A -1.15 N/A -0.75 N/A -1.25 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.90 N/A -1.20 N/A -0.80 N/A -1.25 N/A Chatham N/A -0.99 -1.20 N/A N/A -0.98 -1.25 N/A Brigden N/A -0.99 -1.20 N/A N/A -0.98 -1.25 N/A Palmerston N/A -0.80 -1.20 -0.94 N/A -0.90 -1.30 -1.04 Varna -0.80 -0.90 -1.05 N/A -0.75 -1.10 -1.20 N/A Mitchell -0.80 -1.00 -1.15 N/A -0.75 -1.05 -1.25 N/A Thornton N/A N/A N/A -1.93 N/A N/A N/A N/A North Gower N/A N/A N/A -1.06 N/A N/A N/A -1.03 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.90 N/A N/A N/A -0.85 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 -0.22N/A 0.29N/A -0.30N/A Toledo El. 7.78US 7.66CA 8.10US 7.99CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.60 -0.50 -1.04 -1.06 CAD $/bu 7.73 7.83 7.28 8.15 CAD $/tonne 283.92 287.55 267.60 299.43 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 365.00 - 380.00 Bayport Oats 345.00 Bayport Barley 325.00 FOB Hm Soymeal 537.39 - 544.00 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00