FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 21 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9942 up 0.0059 Chicago corn closed slightly higher. MAR13 HI 7.04 3/4 DEC13 HI 6.08 3/4 LOW 6.96 3/4 LOW 6.04 CLOSE7.02 Up 5 1/2 CLOSE 6.06 3/4 Up 3 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 6.37 250.78 -0.75 5.32 209.34 CK High -0.60 6.42 252.74 -0.70 5.37 211.31 CK Avg -0.63 -0.60 6.39 251.43 -0.74 -0.72 5.33 209.67 Essex Cty -0.65 6.37 250.78 -0.75 5.32 209.34 Mdsx Low -0.65 6.37 250.78 -0.75 5.32 209.34 Mdsx High -0.65 6.37 250.78 -0.75 5.32 209.34 Mdsx Avg -0.65 -0.62 6.37 250.78 -0.75 -0.73 5.32 209.34 Hensall -0.65 6.37 250.78 -0.73 5.34 210.32 Bruce -0.65 6.37 250.78 -0.75 5.32 209.34 Putnam -0.65 6.37 250.78 -0.75 5.32 209.34 Burford -0.65 6.37 250.78 -0.75 5.32 209.34 Port Perry -0.65 6.37 250.78 -0.75 5.32 209.34 Norfolk -0.60 6.42 252.74 -0.75 5.32 209.34 Palmerston -0.65 6.37 250.78 -0.70 5.37 211.31 Varna -0.65 6.37 250.78 -0.70 5.37 211.31 Trenton -0.60 6.42 252.74 -0.70 5.37 211.31 Winchester -0.25 6.77 266.52 -0.60 5.47 215.25 North Gower -0.38 6.64 261.41 -0.85 5.22 205.40 Huron FOB -0.60 6.42 252.74 -0.70 5.37 211.31 Kent FOB -0.60 6.42 252.74 -0.75 5.32 209.34 Lamb FOB -0.60 6.42 252.74 -0.75 5.32 209.34 Mdsx FOB -0.65 -0.65 -0.60 -0.60 6.37 250.78 -0.75 5.32 209.34 FOB SW Que -0.35 6.67 262.59 -0.55 5.52 217.21 Track -0.28 6.75 265.54N/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 6.42 252.74N/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 5.52 217.21 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.57 219.18 Cardnl-Cas N/A N/A N/A 0.10 -0.45 5.62 221.15 W O Feed -0.19 -0.18 6.83 268.89 US Rep 0.45 0.46 7.47 294.08 Toledo El. 0.02 7.04 277.15 -0.28 5.79 227.88 TRANSFER Sarnia N/A N/A Pt. Stanley -0.60 6.42 252.74 -0.75 5.32209 1/3 Hamilton -0.54 6.48255 1/9 -0.53 5.54218 MID SD CRN -0.62 1/2 6.39 1/2 HI SD CRN -0.60 6.42 *Wet Bid Bank of Canada Noon exchange rate was 0.9942 up 0.0059 Chicago soybeans closed moderately higher to higher. JAN13 HI 14.38 3/4 NOV13 HI 13.08 1/4 LOW 14.08 1/2 LOW 12.86 CLOSE14.30 3/4 Up 22 CLOSE 13.00 1/2 Up 12 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR13 CK Low -0.90 13.41 492.64-1.00 12.01 441.11 CK High -0.77 13.54 497.42-0.92 12.09 444.05 CK Average -0.82 -0.7613.49 495.70-0.96-0.9212.05 442.58 Essex Cty -0.51 13.80 506.97-0.81 12.20 448.09 Mdsx Low -0.75 13.56 498.15-0.90 12.11 444.78 Mdsx High -0.75 13.56 498.15-0.90 12.11 444.78 Mdsx Average -0.75 -0.6913.56 498.15-0.90-0.8612.11 444.78 Hensall -0.78 13.53 497.23-0.90 12.11 444.78 Bruce -0.75 13.56 498.15-0.90 12.11 444.78 Putnam -0.90 13.41 492.64-1.00 12.01 441.11 Burford -0.75 13.56 498.15-0.90 12.11 444.78 Port Perry -0.78 13.53 497.05-0.93 12.08 443.68 Norfolk -0.72 13.59 499.26-0.89 12.12 445.15 Palmerston -0.80 13.51 496.32-0.90 12.11 444.78 Varna -0.80 13.51 496.32-0.90 12.11 444.78 Trenton -0.90 13.41 492.64-0.90 12.11 444.78 Winchester -0.80 13.51 496.32-0.85 12.16 446.62 North Gower -0.86 13.45 494.11-0.94 12.07 443.31 Huron FOB -0.65 13.66 501.83-0.85 12.16 446.62 Kent FOB -0.77 13.54 497.42-0.94 12.07 443.31 Lambton FOB -0.77 13.54 497.42-0.94 12.07 443.31 Middlesex FOB-0.74-0.74-0.55-0.55 13.57 498.52-0.76 12.25 449.93 PROCESSORS Hamilton -0.35-0.35-0.30-0.20 13.96 512.85-0.45 12.56 461.32 Windsor -0.28-0.22-0.21-0.20 14.03 515.42-0.59 12.42 456.17 Winchester N/A N/A TRANSFER Hamilton -0.33-0.37 N/A N/A 13.98 513.59-0.39 12.62 463.52 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.05 14.26 523.87-0.30 12.71 466.83 Toledo El. -0.03 14.28 524.61-0.33 12.68 465.76 Bank of Canada Noon exchange rate was 0.9942 up 0.0059 Chicago wheat closed slightly higher. MAR13 HI 7.98 3/4 JUL13 HI 8.15 LOW 7.89 3/4 LOW 8.07 CLOSE 7.92 Up 1 1/2 CLOSE 8.08 3/4 Up 1 Minni wheat closed narrowly mixed. MAR13 HI 8.90 1/4 SEP13 HI 9.03 1/2 LOW 8.80 3/4 LOW 8.98 CLOSE 8.81 1/2 Down 2 1/4 CLOSE 9.00 Up 1 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.63 -0.53 -0.78 -0.98 CAD $/bu 7.29 7.39 7.14 7.83 CAD $/tonne 267.81 271.47 262.32 287.75 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 -1.15 N/A N/A -1.00 -1.25 N/A London -0.90 -0.95 -1.15 N/A -0.99 -0.95 -1.20 N/A Hensall -0.80 N/A -1.05 N/A -0.75 N/A -1.20 N/A Trenton N/A N/A N/A N/A N/A N/A -1.25 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.05 Essex N/A N/A -1.25 N/A N/A N/A -1.15 N/A Norwich -0.80 N/A -1.05 N/A -0.75 N/A -1.20 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 -1.05 N/A -0.80 N/A -1.20 N/A Chatham N/A -0.90 -1.05 N/A N/A -0.94 -1.20 N/A Brigden N/A -0.90 -1.05 N/A N/A -0.94 -1.20 N/A Palmerston N/A -0.82 -1.21 -0.96 N/A -0.92 -1.32 -1.10 Varna -0.80 -0.90 -1.05 N/A -0.75 -1.10 -1.20 N/A Mitchell -0.80 -1.00 -1.05 N/A -0.75 -1.00 -1.20 N/A Thornton N/A N/A N/A -1.86 N/A N/A N/A N/A North Gower N/A N/A N/A -1.04 N/A N/A N/A -1.02 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.84 N/A N/A N/A -0.80 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 -0.13N/A 0.37N/A -0.22N/A Toledo El. 7.66US 7.63CA 7.86US 7.83CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.52 -0.42 -0.97 -0.97 CAD $/bu 7.56 7.66 7.12 8.03 CAD $/tonne 277.96 281.62 261.47 294.90 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 370.00 Bayport Oats 345.00 Bayport Barley 330.00 FOB Hm Soymeal 540.25 - 542.46 DDG's FOB Srn, Wndr, Aylm 285.00 - 320.00