FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 11 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9841 down 0.0019 Chicago corn closed mixed. MAR13 HI 7.23 3/4 DEC13 HI 5.92 LOW 6.86 1/4 LOW 5.73 1/4 CLOSE7.08 3/4 Up 10 CLOSE 5.77 Down 7 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 6.44 253.43 -0.75 5.02 197.63 CK High -0.60 6.49 255.40 -0.70 5.07 199.60 CK Avg -0.62 -0.52 6.47 254.75 -0.74 -0.67 5.03 197.96 Essex Cty -0.60 6.49 255.40 -0.75 5.02 197.63 Mdsx Low -0.65 6.44 253.43 -0.75 5.02 197.63 Mdsx High -0.60 6.49 255.40 -0.75 5.02 197.63 Mdsx Avg -0.63 -0.52 6.46 254.42 -0.75 -0.68 5.02 197.63 Hensall -0.63 6.46 254.42 -0.73 5.05 198.61 Bruce -0.65 6.44 253.43 -0.75 5.02 197.63 Putnam -0.65 6.44 253.43 -0.75 5.02 197.63 Burford -0.60 6.49 255.40 -0.75 5.02 197.63 Port Perry -0.60 6.49 255.40 -0.75 5.02 197.63 Norfolk -0.60 6.49 255.40 -0.75 5.02 197.63 Palmerston -0.60 6.49 255.40 -0.70 5.07 199.60 Varna -0.60 6.49 255.40 -0.70 5.07 199.60 Trenton -0.60 6.49 255.40 -0.70 5.07 199.60 Winchester -0.35 6.74 265.24 -0.65 5.12 201.57 North Gower -0.71 6.38 251.07 -0.75 5.02 197.63 Huron FOB -0.45 6.64 261.31 -0.70 5.07 199.60 Kent FOB -0.60 6.49 255.40 -0.75 5.02 197.63 Lamb FOB -0.60 6.49 255.40 -0.75 5.02 197.63 Mdsx FOB -0.60 -0.55 -0.55N/A 6.49 255.40 -0.70 5.07 199.60 FOB SW Que -0.45 6.64 261.31 -0.50 5.27 207.47 Track -0.23 6.86 270.16N/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 6.79 267.21N/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 5.22 205.50 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.27 207.47 Cardnl-Cas N/A N/A N/A N/A -0.45 5.32 209.44 W O Feed -0.18 -0.16 6.91 271.94 US Rep 0.45 0.47 7.54 296.74 Toledo El. 0.11 7.20 283.29 -0.28 5.49 216.27 TRANSFER Sarnia N/A N/A Pt. Stanley -0.58 6.51 256.19 -0.75 5.02197 5/8 Hamilton -0.56 6.53257 -0.59 5.18204 MID SD CRN -0.62 1/2 6.46 1/4 HI SD CRN -0.60 6.48 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9841 down 0.0019 Chicago soybeans closed slightly to moderately lower. MAR13 HI 13.81 3/4 NOV13 HI 12.88 1/2 LOW 13.51 1/2 LOW 12.59 1/4 CLOSE13.73 1/4 Down 6 1/2 CLOSE 12.66 1/4 Down 15 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY13 CK Low -0.84 12.89 473.72-1.00 11.66 428.52 CK High -0.77 12.96 476.29-0.85 11.81 434.04 CK Average -0.80 -0.6112.93 475.13-0.95-0.7911.71 430.36 Essex Cty -0.68 13.05 479.60-0.93 11.73 431.10 Mdsx Low -0.83 12.90 474.09-0.98 11.68 429.26 Mdsx High -0.75 12.98 477.03-0.90 11.76 432.20 Mdsx Average -0.79 -0.5912.94 475.56-0.94-0.7811.72 430.73 Hensall -0.78 12.96 476.11-0.95 11.71 430.36 Bruce -0.75 12.98 477.03-0.90 11.76 432.20 Putnam -0.80 12.93 475.19-1.00 11.66 428.52 Burford -0.87 12.86 472.62-0.98 11.68 429.26 Port Perry -0.86 12.87 472.98-1.01 11.65 428.16 Norfolk -0.73 13.00 477.76-0.95 11.71 430.36 Palmerston -0.80 12.93 475.19-0.90 11.76 432.20 Varna -0.80 12.93 475.19-1.00 11.66 428.52 Trenton -0.70 13.03 478.86-0.95 11.71 430.36 Winchester -0.60 13.13 482.54-0.90 11.76 432.20 North Gower -0.89 12.84 471.88-0.88 11.78 432.93 Huron FOB -0.65 13.08 480.70-0.95 11.71 430.36 Kent FOB -0.77 12.96 476.29-1.00 11.66 428.52 Lambton FOB -0.77 12.96 476.29-1.00 11.66 428.52 Middlesex FOB-0.67-0.57-0.57 N/A 13.06 479.96-0.82 11.84 435.14 PROCESSORS Hamilton -0.35-0.30-0.30-0.25 13.38 491.72-0.55 12.11 445.06 Windsor -0.45-0.39-0.38 N/A 13.28 488.05-0.70 11.96 439.55 Winchester N/A N/A TRANSFER Hamilton -0.43 N/A N/A N/A 13.30 488.78-0.43 12.23 449.47 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 13.73 504.58-0.20 12.46 457.92 Toledo El. 0.06 13.79 506.76-0.33 12.34 453.29 Bank of Canada Noon exchange rate was 0.9841 down 0.0019 Chicago wheat closed slightly to moderately higher. MAR13 HI 7.73 JUL13 HI 7.86 3/4 LOW 7.36 1/4 LOW 7.52 1/4 CLOSE 7.54 3/4 Up 10 1/4 CLOSE 7.67 Up 6 3/4 Minni wheat closed slightly higher. MAR13 HI 8.57 1/2 SEP13 HI 8.78 3/4 LOW 8.30 LOW 8.54 CLOSE 8.45 1/4 Up 6 CLOSE 8.67 1/2 Up 6 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.70 -0.60 -0.85 -1.06 CAD $/bu 6.85 6.95 6.70 7.40 CAD $/tonne 251.63 255.25 246.20 271.73 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 -1.00 -1.20 N/A London -0.89 -0.93 -1.02 N/A -0.94 -0.99 -1.23 N/A Hensall -0.80 N/A -1.05 N/A -0.80 N/A -1.25 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 -1.09 N/A N/A N/A -1.22 N/A Norwich -0.80 N/A -1.05 N/A -0.80 N/A -1.25 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 -0.75 N/A -1.25 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 -0.69 -1.08 -0.82 N/A -0.87 -1.26 -1.07 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 -0.80 -1.05 -1.25 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 -1.06 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 -0.70 N/A N/A N/A -0.87 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 -0.21N/A 0.30N/A -0.29N/A Toledo El. 7.29US 7.18CA 7.44US 7.35CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.59 -0.49 -1.03 -1.04 CAD $/bu 7.08 7.18 6.64 7.63 CAD $/tonne 260.23 263.85 243.89 280.37 (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 320.00 Bayport Barley 320.00 FOB Hm Soymeal 457.58 - 460.88 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00