FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 28 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9952 up 0.0003 Chicago corn closed slightly higher. MAR13 HI 6.96 1/4 DEC13 HI 6.00 LOW 6.88 3/4 LOW 5.95 1/4 CLOSE6.94 Up 2 1/2 CLOSE 5.99 3/4 Up 3 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR13+MAR13+MAY13 CK Low -0.65 6.29 247.63 -0.75 5.25 206.58 CK High -0.60 6.34 249.59 -0.70 5.30 208.55 CK Avg -0.63 -0.61 6.32 248.61 -0.74 -0.74 5.26 206.91 Essex Cty -0.65 6.29 247.63 -0.75 5.25 206.58 Mdsx Low -0.65 6.29 247.63 -0.75 5.25 206.58 Mdsx High -0.65 6.29 247.63 -0.75 5.25 206.58 Mdsx Avg -0.65 -0.63 6.29 247.63 -0.75 -0.75 5.25 206.58 Hensall -0.65 6.29 247.63 -0.73 5.27 207.57 Bruce -0.70 6.24 245.66 -0.75 5.25 206.58 Putnam -0.65 6.29 247.63 -0.75 5.25 206.58 Burford -0.65 6.29 247.63 -0.75 5.25 206.58 Port Perry -0.65 6.29 247.63 -0.75 5.25 206.58 Norfolk -0.60 6.34 249.59 -0.75 5.25 206.58 Palmerston -0.65 6.29 247.63 -0.70 5.30 208.55 Varna -0.65 6.29 247.63 -0.70 5.30 208.55 Trenton -0.60 6.34 249.59 -0.70 5.30 208.55 Winchester -0.25 6.69 263.37 -0.60 5.40 212.49 North Gower -0.38 6.56 258.26 -0.85 5.15 202.65 Huron FOB -0.60 6.34 249.59 -0.70 5.30 208.55 Kent FOB -0.60 6.34 249.59 -0.75 5.25 206.58 Lamb FOB -0.60 6.34 249.59 -0.75 5.25 206.58 Mdsx FOB -0.65 -0.55 -0.50 -0.45 6.29 247.63 -0.75 5.25 206.58 FOB SW Que -0.35 6.59 259.44 -0.45 5.55 218.40 Track -0.30 6.64 261.41N/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 -0.20 6.34 249.59N/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 5.45 214.46 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.50 216.43 Cardnl-Cas N/A N/A N/A 0.10 -0.45 5.55 218.40 W O Feed -0.19 -0.19 6.75 265.74 US Rep 0.45 0.45 7.39 290.93 Toledo El. 0.02 6.96 274.00 -0.28 5.72 225.09 TRANSFER Sarnia N/A N/A Pt. Stanley -0.60 6.34 249.59N/A Hamilton -0.53 6.41252 1/3 -0.53 5.47215 1/4 MID SD CRN -0.62 1/2 6.31 1/2 HI SD CRN -0.60 6.34 *Wet Bid Bank of Canada Noon exchange rate was 0.9952 up 0.0003 Chicago soybeans closed slightly higher. JAN13 HI 14.31 3/4 NOV13 HI 13.11 LOW 14.17 1/2 LOW 13.02 CLOSE14.24 Up 5 1/4 CLOSE 13.10 1/4 Up 7 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR13 CK Low -0.80 13.44 493.84-0.95 12.15 446.53 CK High -0.75 13.49 495.67-0.90 12.20 448.37 CK Average -0.77 -0.7413.47 494.88-0.93-0.9312.17 447.20 Essex Cty -0.55 13.69 503.02-0.78 12.32 452.77 Mdsx Low -0.75 13.49 495.67-0.90 12.20 448.37 Mdsx High -0.71 13.53 497.14-0.88 12.22 449.10 Mdsx Average -0.73 -0.7013.51 496.41-0.89-0.8912.21 448.73 Hensall -0.78 13.47 494.75-0.90 12.20 448.37 Bruce -0.75 13.49 495.67-0.90 12.20 448.37 Putnam -0.80 13.44 493.84-0.95 12.15 446.53 Burford -0.71 13.53 497.14-0.88 12.22 449.10 Port Perry -0.74 13.50 496.04-0.91 12.19 448.00 Norfolk -0.72 13.52 496.77-0.89 12.21 448.73 Palmerston -0.80 13.44 493.84-0.90 12.20 448.37 Varna -0.80 13.44 493.84-0.90 12.20 448.37 Trenton -0.75 13.49 495.67-0.80 12.30 452.04 Winchester -0.60 13.64 501.18-0.70 12.40 455.71 North Gower -0.86 13.38 491.63-0.94 12.16 446.90 Huron FOB -0.65 13.59 499.35-0.85 12.25 450.20 Kent FOB -0.77 13.47 494.94-0.94 12.16 446.90 Lambton FOB -0.77 13.47 494.94-0.94 12.16 446.90 Middlesex FOB-0.70-0.52-0.52 N/A 13.54 497.51-0.74 12.36 454.24 PROCESSORS Hamilton -0.30-0.25-0.20-0.15 13.94 512.21-0.40 12.70 466.74 Windsor -0.29-0.22-0.21 N/A 13.95 512.57-0.55 12.55 461.23 Winchester N/A N/A TRANSFER Hamilton -0.40 N/A N/A N/A 13.84 508.53-0.35 12.75 468.57 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.15 14.39 528.74-0.23 12.87 472.98 Toledo El. -0.03 14.21 522.13-0.33 12.77 469.31 Bank of Canada Noon exchange rate was 0.9952 up 0.0003 Chicago wheat closed slightly higher. MAR13 HI 7.84 1/2 JUL13 HI 8.00 1/2 LOW 7.66 1/2 LOW 7.84 CLOSE 7.78 3/4 Up 6 1/2 CLOSE 7.95 Up 5 Minni wheat closed slightly higher. MAR13 HI 8.73 3/4 SEP13 HI 8.90 3/4 LOW 8.60 1/2 LOW 8.80 3/4 CLOSE 8.67 1/4 Up 2 1/2 CLOSE 8.86 1/4 Up 3 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 -0.97 CAD $/bu 7.17 7.27 7.02 7.70 CAD $/tonne 263.49 267.16 257.99 283.10 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 -1.05 N/A N/A -0.95 -1.20 N/A London -0.84 -0.89 -1.08 N/A -0.89 -0.94 -1.18 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 -1.23 N/A N/A N/A -1.13 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 -0.83 N/A N/A N/A -0.78 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 -0.12N/A 0.40N/A -0.20N/A Toledo El. 7.53US 7.51CA 7.72US 7.72CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.50 -0.40 -0.95 -0.95 CAD $/bu 7.45 7.55 7.00 7.91 CAD $/tonne 273.74 277.42 257.21 290.73 (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