FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9856 up 0.0003 Chicago corn closed moderately lower to lower. MAR13 HI 6.92 1/4 DEC13 HI 5.89 LOW 6.79 1/2 LOW 5.71 CLOSE6.80 1/4 Down 9 CLOSE 5.71 3/4 Down 15 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 6.15 242.21 -0.75 4.97 195.56 CK High -0.60 6.20 244.18 -0.70 5.02 197.53 CK Avg -0.61 -0.53 6.19 243.85 -0.74 -0.69 4.98 195.89 Essex Cty -0.65 6.15 242.21 -0.75 4.97 195.56 Mdsx Low -0.65 6.15 242.21 -0.75 4.97 195.56 Mdsx High -0.60 6.20 244.18 -0.75 4.97 195.56 Mdsx Avg -0.63 -0.54 6.18 243.20 -0.75 -0.70 4.97 195.56 Hensall -0.60 6.20 244.18 -0.73 4.99 196.55 Bruce -0.65 6.15 242.21 -0.75 4.97 195.56 Putnam -0.60 6.20 244.18 -0.75 4.97 195.56 Burford -0.65 6.15 242.21 -0.75 4.97 195.56 Port Perry -0.65 6.15 242.21 -0.75 4.97 195.56 Norfolk -0.60 6.20 244.18 -0.75 4.97 195.56 Palmerston -0.65 6.15 242.21 -0.70 5.02 197.53 Varna -0.65 6.15 242.21 -0.70 5.02 197.53 Trenton -0.60 6.20 244.18 -0.70 5.02 197.53 Winchester -0.25 6.55 257.96 -0.60 5.12 201.47 North Gower -0.57 6.23 245.36 -0.82 4.90 192.81 Huron FOB -0.45 6.35 250.09 -0.70 5.02 197.53 Kent FOB -0.60 6.20 244.18 -0.75 4.97 195.56 Lamb FOB -0.60 6.20 244.18 -0.75 4.97 195.56 Mdsx FOB -0.60 -0.55 -0.55N/A 6.20 244.18 -0.70 5.02 197.53 FOB SW Que -0.40 6.40 252.06 -0.45 5.27 207.37 Track -0.20 6.60 259.93N/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 6.50 255.99N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas 0.00N/A N/A N/A 6.80 267.80 -0.55 5.17 203.44 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.22 205.40 Cardnl-Cas N/A N/A 0.10 0.15 -0.45 5.27 207.37 W O Feed -0.18 -0.17 6.62 260.72 US Rep 0.45 0.46 7.25 285.52 Toledo El. 0.07 6.87 270.53 -0.28 5.44 214.17 TRANSFER Sarnia N/A N/A Pt. Stanley -0.60 6.20 244.18N/A Hamilton -0.55 6.25246 1/7 -0.57 5.15202 2/3 MID SD CRN -0.62 1/2 6.17 3/4 HI SD CRN -0.60 6.20 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9856 up 0.0003 Chicago soybeans closed moderately lower. MAR13 HI 13.97 1/4 NOV13 HI 13.00 LOW 13.56 LOW 12.64 1/2 CLOSE13.67 1/4 Down 19 1/4 CLOSE 12.77 Down 14 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 12.77 469.31-1.02 11.75 431.74 CK High -0.80 12.87 472.98-0.95 11.82 434.31 CK Average -0.87 -0.7112.80 470.35-0.98-0.8611.79 433.27 Essex Cty -0.64 13.03 478.86-0.90 11.87 436.15 Mdsx Low -0.86 12.81 470.78-0.96 11.81 433.94 Mdsx High -0.85 12.82 471.15-0.95 11.82 434.31 Mdsx Average -0.86 -0.6912.82 470.96-0.96-0.8311.82 434.13 Hensall -0.83 12.85 472.06-0.98 11.80 433.39 Bruce -0.85 12.82 471.15-0.95 11.82 434.31 Putnam -0.90 12.77 469.31-1.00 11.77 432.47 Burford -0.86 12.81 470.78-0.96 11.81 433.94 Port Perry -0.89 12.78 469.68-0.99 11.78 432.84 Norfolk -0.83 12.84 471.88-0.97 11.80 433.58 Palmerston -0.80 12.87 472.98-1.00 11.77 432.47 Varna -0.80 12.87 472.98-1.00 11.77 432.47 Trenton -0.68 12.99 477.39-0.90 11.87 436.15 Winchester -0.57 13.10 481.43-0.85 11.92 437.99 North Gower -0.97 12.70 466.74-1.00 11.77 432.47 Huron FOB -0.65 13.02 478.49-0.95 11.82 434.31 Kent FOB -0.88 12.79 470.04-1.02 11.75 431.74 Lambton FOB -0.88 12.79 470.04-1.02 11.75 431.74 Middlesex FOB-0.82-0.66-0.66 N/A 12.85 472.25-0.82 11.95 439.09 PROCESSORS Hamilton -0.40-0.35-0.30-0.30 13.27 487.68-0.50 12.27 450.85 Windsor -0.41-0.36-0.35 N/A 13.26 487.31-0.67 12.10 444.60 Winchester N/A N/A TRANSFER Hamilton -0.45 N/A N/A N/A 13.22 485.84-0.45 12.32 452.68 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.01 13.68 502.75-0.19 12.58 462.24 Toledo El. 0.06 13.73 504.56-0.33 12.44 457.21 Bank of Canada Noon exchange rate was 0.9856 up 0.0003 Chicago wheat closed slightly lower. MAR13 HI 7.58 1/4 JUL13 HI 7.73 1/4 LOW 7.39 3/4 LOW 7.55 3/4 CLOSE 7.47 1/4 Down 8 1/4 CLOSE 7.63 1/4 Down 8 Minni wheat closed slightly lower. MAR13 HI 8.51 SEP13 HI 8.68 1/4 LOW 8.36 LOW 8.55 1/2 CLOSE 8.41 Down 5 1/2 CLOSE 8.58 Down 7 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.68 -0.58 -0.83 -1.04 CAD $/bu 6.79 6.89 6.64 7.37 CAD $/tonne 249.53 253.16 244.08 270.86 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 -1.08 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 -1.18 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 -0.70 -1.09 -0.94 N/A -0.88 -1.27 -1.08 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 -1.94 N/A N/A N/A N/A North Gower N/A N/A N/A -1.03 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 -0.90 N/A N/A N/A -0.84 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 -0.27N/A Toledo El. 7.21US 7.13CA 7.40US 7.33CA 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 7.07 7.16 6.62 7.56 CAD $/tonne 259.61 263.25 243.23 277.72 (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 456.59 - 466.51 DDG's FOB Srn, Wndr, Aylm 290.00 - 295.00