FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9859 down 0.0090 Chicago corn closed moderately lower. MAR13 HI 7.07 1/4 DEC13 HI 6.05 LOW 6.87 3/4 LOW 5.88 3/4 CLOSE6.90 3/4 Down 7 1/2 CLOSE 5.92 1/4 Down 7 1/2 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 6.26 246.35 -0.75 5.17 203.63 CK High -0.60 6.31 248.32 -0.70 5.22 205.60 CK Avg -0.63 -0.54 6.28 247.33 -0.74 -0.68 5.18 203.96 Essex Cty -0.65 6.26 246.35 -0.80 5.12 201.66 Mdsx Low -0.65 6.26 246.35 -0.75 5.17 203.63 Mdsx High -0.65 6.26 246.35 -0.75 5.17 203.63 Mdsx Avg -0.65 -0.56 6.26 246.35 -0.75 -0.69 5.17 203.63 Hensall -0.63 6.28 247.33 -0.73 5.20 204.62 Bruce -0.65 6.26 246.35 -0.75 5.17 203.63 Putnam N/A -0.75 5.17 203.63 Burford -0.65 6.26 246.35 -0.75 5.17 203.63 Port Perry -0.65 6.26 246.35 -0.75 5.17 203.63 Norfolk -0.60 6.31 248.32 -0.75 5.17 203.63 Palmerston -0.65 6.26 246.35 -0.70 5.22 205.60 Varna -0.65 6.26 246.35 -0.70 5.22 205.60 Trenton -0.60 6.31 248.32 -0.70 5.22 205.60 Winchester -0.25 6.66 262.09 -0.60 5.32 209.54 North Gower -0.66 6.25 245.95 -0.84 5.08 200.09 Huron FOB -0.45 6.46 254.22 -0.70 5.22 205.60 Kent FOB -0.60 6.31 248.32 -0.75 5.17 203.63 Lamb FOB -0.60 6.31 248.32 -0.75 5.17 203.63 Mdsx FOB -0.60 -0.55 -0.55N/A 6.31 248.32 -0.70 5.22 205.60 FOB SW Que -0.40 6.51 256.19 -0.50 5.42 213.47 Track -0.23 6.68 263.08N/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 -0.35 -0.30 N/A Sarn-Eth -0.30 -0.30 -0.30 -0.20 6.61 260.13N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas 0.00N/A N/A N/A 6.91 271.94 -0.55 5.37 211.51 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.42 213.47 Cardnl-Cas N/A N/A 0.10 0.15 -0.45 5.47 215.44 W O Feed -0.17 -0.16 6.74 265.24 US Rep 0.45 0.46 7.36 289.65 Toledo El. 0.07 6.98 274.66 -0.28 5.65 222.25 TRANSFER Sarnia N/A N/A Pt. Stanley -0.60 6.31 248.32 -0.75 5.17203 5/8 Hamilton -0.60 6.31248 1/3 -0.60 5.32209 1/2 MID SD CRN -0.62 1/2 6.28 1/4 HI SD CRN -0.60 6.30 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9859 down 0.0090 Chicago soybeans closed slightly to moderately lower. MAR13 HI 14.35 NOV13 HI 13.21 LOW 13.86 1/4 LOW 12.76 3/4 CLOSE13.92 1/4 Down 17 1/4 CLOSE 12.94 Down 8 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+JAN1+MAY13 CK Low -0.90 13.02 478.49-1.02 11.92 437.99 CK High -0.80 13.12 482.17-0.95 11.99 440.56 CK Average -0.87 -0.7013.05 479.54-0.98-0.8511.96 439.33 Essex Cty -0.65 13.27 487.68-0.91 12.03 442.03 Mdsx Low -0.86 13.06 479.96-0.96 11.98 440.19 Mdsx High -0.85 13.07 480.33-0.95 11.99 440.56 Mdsx Average -0.86 -0.6813.07 480.15-0.96-0.8211.99 440.37 Hensall -0.83 13.10 481.25-0.98 11.97 439.64 Bruce -0.70 13.22 485.84-0.90 12.04 442.39 Putnam -0.75 13.17 484.01-0.95 11.99 440.56 Burford -0.86 13.06 479.96-0.96 11.98 440.19 Port Perry -0.89 13.03 478.86-0.99 11.95 439.09 Norfolk -0.83 13.09 481.07-0.97 11.97 439.82 Palmerston -0.70 13.22 485.84-0.90 12.04 442.39 Varna -0.80 13.12 482.17-0.90 12.04 442.39 Trenton -0.60 13.32 489.52-0.70 12.24 449.74 Winchester -0.59 13.33 489.89-0.89 12.05 442.76 North Gower -0.98 12.94 475.56-1.00 11.94 438.72 Huron FOB -0.65 13.27 487.68-0.95 11.99 440.56 Kent FOB -0.88 13.04 479.23-1.02 11.92 437.99 Lambton FOB -0.88 13.04 479.23-1.02 11.92 437.99 Middlesex FOB-0.82-0.66-0.66 N/A 13.10 481.43-0.82 12.12 445.33 PROCESSORS Hamilton -0.45-0.40-0.35-0.30 13.47 495.03-0.55 12.39 455.25 Windsor -0.65-0.60-0.60 N/A 13.27 487.68-0.91 12.03 442.03 Winchester N/A N/A TRANSFER Hamilton -0.35 N/A N/A N/A 13.57 498.70-0.50 12.44 457.09 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.10 14.02 515.24-0.25 12.69 466.28 Toledo El. -0.15 13.77 506.12-0.33 12.61 463.46 Bank of Canada Noon exchange rate was 0.9859 down 0.0090 Chicago wheat closed lower. MAR13 HI 7.88 JUL13 HI 8.02 3/4 LOW 7.52 1/2 LOW 7.69 1/2 CLOSE 7.55 1/4 Down 22 3/4 CLOSE 7.73 Down 20 3/4 Minni wheat closed lower. MAR13 HI 8.71 1/2 SEP13 HI 8.89 1/4 LOW 8.40 3/4 LOW 8.62 1/4 CLOSE 8.42 Down 23 1/2 CLOSE 8.63 Down 23 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.69 -0.59 -0.83 -1.04 CAD $/bu 6.87 6.96 6.72 7.38 CAD $/tonne 252.28 255.91 246.84 271.06 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 -0.88 -0.93 -1.13 N/A -0.93 -0.98 -1.23 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 -1.20 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 -0.95 -1.04 N/A N/A -0.99 -1.19 N/A Brigden N/A -0.95 -1.04 N/A N/A -0.99 -1.19 N/A Palmerston N/A -0.71 -1.11 -0.84 N/A -0.89 -1.29 -1.09 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 -1.89 N/A N/A N/A N/A North Gower N/A N/A N/A -1.01 N/A N/A N/A -0.98 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 -0.96 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 -0.19N/A 0.32N/A -0.28N/A Toledo El. 7.29US 7.20CA 7.50US 7.42CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.57 -0.47 -1.02 -1.03 CAD $/bu 7.16 7.26 6.71 7.60 CAD $/tonne 262.95 266.59 246.58 279.31 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 350.00 - 375.00 Bayport Oats 312.00 Bayport Barley 320.00 FOB Hm Soymeal 466.40 - 476.32 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00