FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9853 down 0.0006 Chicago corn closed slightly lower. MAR13 HI 6.94 3/4 DEC13 HI 5.94 1/4 LOW 6.85 LOW 5.82 1/2 CLOSE6.89 1/4 Down 1 1/2 CLOSE 5.87 1/2 Down 4 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 6.24 245.76 -0.75 5.13 201.76 CK High -0.60 6.29 247.72 -0.70 5.18 203.73 CK Avg -0.63 -0.55 6.27 246.74 -0.74 -0.69 5.13 202.09 Essex Cty -0.65 6.24 245.76 -0.80 5.08 199.79 Mdsx Low -0.65 6.24 245.76 -0.75 5.13 201.76 Mdsx High -0.65 6.24 245.76 -0.75 5.13 201.76 Mdsx Avg -0.65 -0.57 6.24 245.76 -0.75 -0.70 5.13 201.76 Hensall -0.63 6.27 246.74 -0.73 5.15 202.75 Bruce -0.65 6.24 245.76 -0.75 5.13 201.76 Putnam -0.65 6.24 245.76 -0.75 5.13 201.76 Burford -0.65 6.24 245.76 -0.75 5.13 201.76 Port Perry -0.65 6.24 245.76 -0.75 5.13 201.76 Norfolk -0.60 6.29 247.72 -0.75 5.13 201.76 Palmerston -0.65 6.24 245.76 -0.70 5.18 203.73 Varna -0.65 6.24 245.76 -0.70 5.18 203.73 Trenton -0.60 6.29 247.72 -0.70 5.18 203.73 Winchester -0.25 6.64 261.50 -0.60 5.28 207.67 North Gower -0.57 6.32 248.91 -0.83 5.05 198.61 Huron FOB -0.45 6.44 253.63 -0.70 5.18 203.73 Kent FOB -0.60 6.29 247.72 -0.75 5.13 201.76 Lamb FOB -0.60 6.29 247.72 -0.75 5.13 201.76 Mdsx FOB -0.60 -0.55 -0.55N/A 6.29 247.72 -0.70 5.18 203.73 FOB SW Que -0.20 6.69 263.47 -0.40 5.48 215.54 Track -0.23 6.67 262.49N/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 6.59 259.54N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas 0.00N/A N/A N/A 6.89 271.35 -0.55 5.33 209.64 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.38 211.60 Cardnl-Cas N/A N/A 0.10 0.15 -0.45 5.43 213.57 W O Feed -0.18 -0.17 6.71 264.26 US Rep 0.45 0.46 7.34 289.06 Toledo El. 0.07 6.96 274.07 -0.28 5.60 220.37 TRANSFER Sarnia N/A N/A Pt. Stanley -0.50 6.39 251.66 -0.75 5.13201 3/4 Hamilton -0.58 6.31248 1/2 -0.58 5.30208 1/2 MID SD CRN -0.62 1/2 6.26 3/4 HI SD CRN -0.60 6.29 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9853 down 0.0006 Chicago soybeans closed slightly lower. MAR13 HI 13.96 3/4 NOV13 HI 12.94 1/2 LOW 13.72 1/2 LOW 12.75 1/4 CLOSE13.86 1/2 Down 5 3/4 CLOSE 12.91 3/4 Down 2 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+JAN1+MAY13 CK Low -0.90 12.97 476.38-1.02 11.90 437.16 CK High -0.85 13.02 478.22-0.95 11.97 439.73 CK Average -0.89 -0.7312.98 476.81-0.98-0.8711.93 438.51 Essex Cty -0.64 13.23 485.94-0.89 12.03 441.93 Mdsx Low -0.86 13.01 477.85-0.96 11.96 439.36 Mdsx High -0.85 13.02 478.22-0.95 11.97 439.73 Mdsx Average -0.86 -0.7013.01 478.04-0.96-0.8411.96 439.55 Hensall -0.83 13.04 479.14-0.98 11.94 438.81 Bruce -0.85 13.02 478.22-0.95 11.97 439.73 Putnam -0.90 12.97 476.38-1.00 11.92 437.89 Burford -0.86 13.01 477.85-0.96 11.96 439.36 Port Perry -0.89 12.98 476.75-0.99 11.93 438.26 Norfolk -0.83 13.04 478.95-0.97 11.95 439.00 Palmerston -0.80 13.07 480.06-1.00 11.92 437.89 Varna -0.80 13.07 480.06-1.00 11.92 437.89 Trenton -0.70 13.17 483.73-0.90 12.02 441.57 Winchester -0.57 13.30 488.51-0.85 12.07 443.40 North Gower -0.96 12.91 474.18-1.08 11.84 434.95 Huron FOB -0.65 13.22 485.57-0.95 11.97 439.73 Kent FOB -0.88 12.99 477.12-1.02 11.90 437.16 Lambton FOB -0.88 12.99 477.12-1.02 11.90 437.16 Middlesex FOB-0.82-0.66-0.66 N/A 13.05 479.32-0.82 12.10 444.51 PROCESSORS Hamilton -0.45-0.40-0.30-0.30 13.42 492.92-0.50 12.42 456.27 Windsor -0.41-0.31-0.34 N/A 13.46 494.39-0.67 12.25 450.02 Winchester N/A N/A TRANSFER Hamilton -0.50 N/A N/A N/A 13.37 491.08-0.50 12.42 456.27 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 13.87 509.45-0.30 12.62 463.61 Toledo El. 0.06 13.92 511.63-0.33 12.59 462.62 Bank of Canada Noon exchange rate was 0.9853 down 0.0006 Chicago wheat closed narrowly mixed. MAR13 HI 7.61 1/4 JUL13 HI 7.78 1/4 LOW 7.49 3/4 LOW 7.67 1/2 CLOSE 7.55 1/2 Up 1/4 CLOSE 7.71 1/4 Down 1 3/4 Minni wheat closed slightly higher. MAR13 HI 8.52 1/2 SEP13 HI 8.72 LOW 8.42 1/4 LOW 8.60 3/4 CLOSE 8.45 1/4 Up 3 3/4 CLOSE 8.65 Up 2 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.68 -0.58 -0.83 -1.03 CAD $/bu 6.88 6.98 6.73 7.42 CAD $/tonne 252.72 256.36 247.27 272.62 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 -1.30 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.05 Essex N/A N/A -1.22 N/A N/A N/A -1.19 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 -1.91 N/A N/A N/A N/A North Gower N/A N/A N/A -1.04 N/A N/A N/A -1.04 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 -0.95 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 -0.18N/A 0.33N/A -0.27N/A Toledo El. 7.30US 7.21CA 7.48US 7.41CA 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 -1.01 -1.02 CAD $/bu 7.15 7.25 6.70 7.63 CAD $/tonne 262.60 266.24 246.21 280.35 (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 464.74 - 474.66 DDG's FOB Srn, Wndr, Aylm 290.00 - 295.00