FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 27 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9949 up 0.0036 Chicago corn closed slightly lower. MAR13 HI 6.95 1/2 DEC13 HI 6.03 1/4 LOW 6.89 1/4 LOW 5.94 1/4 CLOSE6.91 1/2 Down 1 3/4 CLOSE 5.96 Down 3 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR13+MAR13+MAY13 CK Low -0.70 6.22 244.67 -0.75 5.21 205.11 CK High -0.60 6.32 248.61 -0.70 5.26 207.08 CK Avg -0.65 -0.63 6.27 246.64 -0.74 -0.74 5.22 205.44 Essex Cty -0.65 6.27 246.64 -0.75 5.21 205.11 Mdsx Low -0.70 6.22 244.67 -0.75 5.21 205.11 Mdsx High -0.65 6.27 246.64 -0.75 5.21 205.11 Mdsx Avg -0.68 -0.65 6.24 245.66 -0.75 -0.75 5.21 205.11 Hensall -0.68 6.24 245.66 -0.73 5.24 206.09 Bruce -0.70 6.22 244.67 -0.75 5.21 205.11 Putnam -0.70 6.22 244.67 -0.75 5.21 205.11 Burford -0.65 6.27 246.64 -0.75 5.21 205.11 Port Perry -0.65 6.27 246.64 -0.75 5.21 205.11 Norfolk -0.60 6.32 248.61 -0.75 5.21 205.11 Palmerston -0.65 6.27 246.64 -0.70 5.26 207.08 Varna -0.65 6.27 246.64 -0.70 5.26 207.08 Trenton -0.60 6.32 248.61 -0.70 5.26 207.08 Winchester -0.25 6.67 262.39 -0.60 5.36 211.01 North Gower -0.38 6.54 257.27 -0.85 5.11 201.17 Huron FOB -0.60 6.32 248.61 -0.70 5.26 207.08 Kent FOB -0.60 6.32 248.61 -0.75 5.21 205.11 Lamb FOB -0.60 6.32 248.61 -0.75 5.21 205.11 Mdsx FOB -0.65 -0.65 -0.60 -0.60 6.27 246.64 -0.75 5.21 205.11 FOB SW Que -0.35 6.57 258.45 -0.55 5.41 212.98 Track -0.30 6.62 260.42N/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 6.32 248.61N/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 5.41 212.98 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.46 214.95 Cardnl-Cas N/A N/A N/A 0.10 -0.45 5.51 216.92 W O Feed -0.19 -0.18 6.73 264.75 US Rep 0.45 0.46 7.37 289.95 Toledo El. 0.02 6.93 273.02 -0.28 5.68 223.62 TRANSFER Sarnia N/A N/A Pt. Stanley -0.60 6.32 248.61 -0.75 5.21205 1/9 Hamilton -0.55 6.37250 4/7 -0.55 5.41213 MID SD CRN -0.65 1 6.26 1/2 HI SD CRN -0.60 6.31 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9949 up 0.0036 Chicago soybeans closed mixed. JAN13 HI 14.37 NOV13 HI 13.06 LOW 14.15 3/4 LOW 12.94 1/2 CLOSE14.18 3/4 Down 5 3/4 CLOSE 13.02 1/2 Up 2 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR13 CK Low -0.90 13.29 488.23-1.00 12.03 441.84 CK High -0.77 13.42 493.01-0.92 12.11 444.78 CK Average -0.82 -0.7713.37 491.29-0.96-0.9512.07 443.31 Essex Cty -0.51 13.68 502.56-0.81 12.22 448.82 Mdsx Low -0.75 13.44 493.74-0.90 12.13 445.52 Mdsx High -0.73 13.46 494.48-0.90 12.13 445.52 Mdsx Average -0.74 -0.6913.45 494.11-0.90-0.8912.13 445.52 Hensall -0.78 13.41 492.83-0.90 12.13 445.52 Bruce -0.75 13.44 493.74-0.90 12.13 445.52 Putnam -0.80 13.39 491.91-0.95 12.08 443.68 Burford -0.73 13.46 494.48-0.90 12.13 445.52 Port Perry -0.80 13.39 491.91-0.90 12.13 445.52 Norfolk -0.72 13.47 494.85-0.89 12.14 445.88 Palmerston -0.73 13.46 494.48-0.93 12.10 444.42 Varna -0.80 13.39 491.91-0.90 12.13 445.52 Trenton -0.90 13.29 488.23-0.90 12.13 445.52 Winchester -0.80 13.39 491.91-0.85 12.18 447.35 North Gower -0.86 13.33 489.70-0.94 12.09 444.05 Huron FOB -0.65 13.54 497.42-0.85 12.18 447.35 Kent FOB -0.77 13.42 493.01-0.94 12.09 444.05 Lambton FOB -0.77 13.42 493.01-0.94 12.09 444.05 Middlesex FOB-0.72-0.72-0.55-0.55 13.47 494.85-0.76 12.27 450.66 PROCESSORS Hamilton -0.35-0.35-0.30-0.20 13.84 508.44-0.45 12.58 462.05 Windsor -0.28-0.22-0.21-0.20 13.91 511.01-0.59 12.44 456.91 Winchester N/A N/A TRANSFER Hamilton -0.37 N/A N/A N/A 13.82 507.71-0.43 12.60 462.79 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.05 14.14 519.46-0.30 12.73 467.56 Toledo El. -0.03 14.16 520.20-0.33 12.70 466.47 Bank of Canada Noon exchange rate was 0.9949 up 0.0036 Chicago wheat closed slightly lower. MAR13 HI 7.78 JUL13 HI 7.93 3/4 LOW 7.64 1/2 LOW 7.83 CLOSE 7.72 1/4 Down 2 1/4 CLOSE 7.90 Down 1 1/2 Minni wheat closed slightly lower. MAR13 HI 8.72 SEP13 HI 8.90 LOW 8.57 LOW 8.80 CLOSE 8.64 3/4 Down 4 1/4 CLOSE 8.82 3/4 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 -0.62 -0.52 -0.77 -0.98 CAD $/bu 7.10 7.20 6.95 7.67 CAD $/tonne 260.85 264.51 255.35 281.90 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 -0.85 -0.90 -1.10 N/A -0.90 -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 -1.03 N/A N/A -0.94 -1.18 N/A Brigden N/A -0.90 -1.03 N/A N/A -0.94 -1.18 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 -1.83 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 -0.85 N/A N/A N/A -0.75 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 0.39N/A -0.21N/A Toledo El. 7.46US 7.44CA 7.67US 7.66CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.51 -0.41 -0.96 -0.96 CAD $/bu 7.39 7.49 6.94 7.87 CAD $/tonne 271.69 275.36 255.16 289.22 (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