FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 18 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9937 up 0.0084 Chicago corn closed slightly higher. MAR13 HI 7.29 1/2 DEC13 HI 5.91 1/4 LOW 7.23 LOW 5.85 1/2 CLOSE7.27 1/2 Up 3 CLOSE 5.90 1/2 Up 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 6.63 260.81 -0.75 5.16 202.94 CK High -0.57 6.71 263.96 -0.70 5.21 204.91 CK Avg -0.62 -0.57 6.66 262.00 -0.74 -0.72 5.16 203.27 Essex Cty -0.60 6.68 262.78 -0.75 5.16 202.94 Mdsx Low -0.65 6.63 260.81 -0.75 5.16 202.94 Mdsx High -0.65 6.63 260.81 -0.75 5.16 202.94 Mdsx Avg -0.65 -0.60 6.63 260.81 -0.75 -0.72 5.16 202.94 Hensall -0.65 6.63 260.81 -0.73 5.18 203.93 Bruce -0.65 6.63 260.81 -0.75 5.16 202.94 Putnam -0.65 6.63 260.81 -0.75 5.16 202.94 Burford -0.65 6.63 260.81 -0.75 5.16 202.94 Port Perry -0.65 6.63 260.81 -0.75 5.16 202.94 Norfolk -0.57 6.71 263.96 -0.75 5.16 202.94 Palmerston -0.65 6.63 260.81 -0.70 5.21 204.91 Varna -0.65 6.63 260.81 -0.70 5.21 204.91 Trenton -0.60 6.68 262.78 -0.70 5.21 204.91 Winchester -0.30 6.98 274.59 -0.65 5.26 206.88 North Gower -0.61 6.67 262.39 -0.71 5.20 204.52 Huron FOB -0.50 6.78 266.72 -0.70 5.21 204.91 Kent FOB -0.57 6.71 263.96 -0.75 5.16 202.94 Lamb FOB -0.57 6.71 263.96 -0.75 5.16 202.94 Mdsx FOB -0.60 -0.55 -0.55N/A 6.68 262.78 -0.70 5.21 204.91 FOB SW Que -0.45 6.83 268.69 -0.45 5.46 214.75 Track -0.23 7.05 277.55N/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 -0.40 N/A Sarn-Eth -0.30 -0.30 -0.30 -0.20 6.98 274.59N/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 5.36 210.82 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.41 212.79 Cardnl-Cas N/A N/A N/A N/A -0.45 5.46 214.75 W O Feed -0.24 -0.23 7.04 277.03 US Rep 0.45 0.46 7.73 304.12 Toledo El. 0.11 7.38 290.71 -0.28 5.63 221.49 TRANSFER Sarnia N/A N/A Pt. Stanley -0.55 6.73 264.75 -0.75 5.16203 Hamilton -0.55 6.73264 3/4 -0.55 5.36210 4/5 MID SD CRN -0.61 6.66 1/2 HI SD CRN -0.57 1 6.70 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9937 up 0.0084 Chicago soybeans closed mixed. MAR13 HI 14.38 1/2 NOV13 HI 12.95 LOW 14.21 LOW 12.81 3/4 CLOSE14.29 1/4 Down 1 CLOSE 12.92 1/4 Up 7 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY13 CK Low -0.75 13.54 497.60-0.95 11.97 439.91 CK High -0.62 13.67 502.38-0.90 12.02 441.75 CK Average -0.67 -0.5813.62 500.60-0.91-0.8512.01 441.38 Essex Cty -0.51 13.78 506.42-0.71 12.21 448.73 Mdsx Low -0.66 13.63 500.91-0.87 12.05 442.85 Mdsx High -0.65 13.64 501.28-0.85 12.07 443.59 Mdsx Average -0.66 -0.5613.64 501.09-0.86-0.8012.06 443.22 Hensall -0.65 13.64 501.28-0.88 12.05 442.67 Bruce -0.65 13.64 501.28-0.85 12.07 443.59 Putnam -0.65 13.64 501.28-0.90 12.02 441.75 Burford -0.66 13.63 500.91-0.87 12.05 442.85 Port Perry -0.69 13.60 499.81-0.90 12.02 441.75 Norfolk -0.92 13.37 491.36-0.86 12.06 443.22 Palmerston -0.70 13.59 499.44-0.90 12.02 441.75 Varna -0.70 13.59 499.44-0.95 11.97 439.91 Trenton -0.45 13.84 508.62-0.80 12.12 445.43 Winchester -0.32 13.97 513.40-0.75 12.17 447.26 North Gower -0.76 13.53 497.23-0.83 12.09 444.32 Huron FOB -0.50 13.79 506.79-0.85 12.07 443.59 Kent FOB -0.62 13.67 502.38-0.91 12.01 441.38 Lambton FOB -0.62 13.67 502.38-0.91 12.01 441.38 Middlesex FOB-0.70-0.59-0.59 N/A 13.59 499.44-0.71 12.21 448.73 PROCESSORS Hamilton -0.25-0.20-0.15-0.10 14.04 515.97-0.45 12.47 458.29 Windsor -0.28-0.28-0.28 N/A 14.01 514.87-0.48 12.44 457.18 Winchester N/A N/A TRANSFER Hamilton -0.38 N/A N/A N/A 13.91 511.20-0.32 12.60 463.06 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.10 14.39 528.83-0.12 12.80 470.41 Toledo El. 0.06 14.35 527.35-0.33 12.59 462.75 Bank of Canada Noon exchange rate was 0.9937 up 0.0084 Chicago wheat closed slightly higher. MAR13 HI 7.93 3/4 JUL13 HI 8.06 1/4 LOW 7.78 3/4 LOW 7.92 1/4 CLOSE 7.91 1/4 Up 10 CLOSE 8.04 1/2 Up 9 1/4 Minni wheat closed slightly higher. MAR13 HI 8.82 1/4 SEP13 HI 8.99 1/2 LOW 8.68 LOW 8.86 CLOSE 8.71 1/2 Up 2 1/4 CLOSE 8.92 Up 5 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.65 -0.55 -0.80 -1.00 CAD $/bu 7.27 7.37 7.12 7.72 CAD $/tonne 266.98 270.63 261.50 283.50 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 -1.00 N/A N/A -1.00 -1.15 N/A London -0.83 -0.83 -0.98 N/A -0.88 -0.93 -1.18 N/A Hensall -0.75 N/A -1.00 N/A -0.70 N/A -1.15 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 -1.04 N/A N/A N/A -1.17 N/A Norwich -0.75 N/A -1.00 N/A -0.70 N/A -1.15 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.80 N/A -1.00 N/A -0.75 N/A -1.20 N/A Chatham N/A -0.95 -1.00 N/A N/A -0.99 -1.18 N/A Brigden N/A -0.95 -1.00 N/A N/A -0.99 -1.18 N/A Palmerston N/A -0.80 -0.97 -0.58 N/A -1.05 -1.16 -0.76 Varna -0.75 -0.85 -1.00 N/A -0.70 -1.05 -1.15 N/A Mitchell -0.75 -1.00 -1.00 N/A -0.70 -1.05 -1.15 N/A Thornton N/A N/A N/A -1.81 N/A N/A N/A N/A North Gower N/A N/A N/A -0.98 N/A N/A N/A -0.65 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.68 N/A N/A N/A -0.85 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 -0.15N/A 0.36N/A -0.23N/A Toledo El. 7.65US 7.60CA 7.82US 7.78CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.53 -0.43 -0.98 -0.98 CAD $/bu 7.51 7.61 7.06 7.94 CAD $/tonne 276.04 279.70 259.58 291.59 (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 345.00 Bayport Barley 320.00 FOB Hm Soymeal 467.83 - 477.75 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00