FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9934 up 0.0001 Chicago corn closed narrowly mixed. MAR13 HI 7.34 3/4 DEC13 HI 5.94 1/2 LOW 7.26 1/4 LOW 5.90 CLOSE7.28 1/2 Up 1 CLOSE 5.90 Down 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 6.64 261.21 -0.75 5.15 202.75 CK High -0.55 6.74 265.15 -0.70 5.20 204.71 CK Avg -0.62 -0.57 6.67 262.52 -0.74 -0.72 5.16 203.07 Essex Cty -0.55 6.74 265.15 -0.75 5.15 202.75 Mdsx Low -0.65 6.64 261.21 -0.75 5.15 202.75 Mdsx High -0.65 6.64 261.21 -0.75 5.15 202.75 Mdsx Avg -0.65 -0.61 6.64 261.21 -0.75 -0.73 5.15 202.75 Hensall -0.65 6.64 261.21 -0.73 5.18 203.73 Bruce -0.65 6.64 261.21 -0.75 5.15 202.75 Putnam -0.65 6.64 261.21 -0.75 5.15 202.75 Burford -0.65 6.64 261.21 -0.75 5.15 202.75 Port Perry -0.65 6.64 261.21 -0.75 5.15 202.75 Norfolk -0.55 6.74 265.15 -0.75 5.15 202.75 Palmerston -0.65 6.64 261.21 -0.70 5.20 204.71 Varna -0.65 6.64 261.21 -0.70 5.20 204.71 Trenton -0.60 6.69 263.18 -0.70 5.20 204.71 Winchester -0.30 6.99 274.99 -0.65 5.25 206.68 North Gower -0.65 6.64 261.21 -0.79 5.11 201.17 Huron FOB -0.50 6.79 267.11 -0.70 5.20 204.71 Kent FOB -0.55 6.74 265.15 -0.75 5.15 202.75 Lamb FOB -0.55 6.74 265.15 -0.75 5.15 202.75 Mdsx FOB -0.60 -0.55 -0.55N/A 6.69 263.18 -0.70 5.20 204.71 FOB SW Que -0.45 6.84 269.08 -0.45 5.45 214.56 Track -0.23 7.06 277.94N/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 6.99 274.99N/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 5.35 210.62 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.40 212.59 Cardnl-Cas N/A N/A N/A N/A -0.45 5.45 214.56 W O Feed -0.24 -0.23 7.05 277.43 US Rep 0.45 0.46 7.74 304.51 Toledo El. 0.12 7.40 291.49 -0.28 5.62 221.29 TRANSFER Sarnia N/A N/A Pt. Stanley -0.55 6.74 265.15 -0.75 5.15202 3/4 Hamilton -0.55 6.74265 1/7 -0.55 5.35210 5/8 MID SD CRN -0.60 6.68 1/2 HI SD CRN -0.55 6.73 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9934 up 0.0001 Chicago soybeans closed moderately higher. MAR13 HI 14.60 3/4 NOV13 HI 13.14 3/4 LOW 14.36 LOW 12.95 CLOSE14.51 3/4 Up 22 1/2 CLOSE 13.12 1/2 Up 20 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY13 CK Low -0.65 13.87 509.54-0.90 12.23 449.19 CK High -0.57 13.95 512.48-0.85 12.28 451.03 CK Average -0.61 -0.5213.91 511.01-0.86-0.8112.26 450.54 Essex Cty -0.40 14.12 518.73-0.70 12.43 456.54 Mdsx Low -0.61 13.91 511.01-0.85 12.28 451.03 Mdsx High -0.60 13.92 511.38-0.80 12.33 452.87 Mdsx Average -0.61 -0.5213.91 511.20-0.83-0.7812.30 451.95 Hensall -0.63 13.89 510.46-0.85 12.28 451.03 Bruce -0.65 13.87 509.54-0.85 12.28 451.03 Putnam -0.60 13.92 511.38-0.85 12.28 451.03 Burford -0.61 13.91 511.01-0.85 12.28 451.03 Port Perry -0.64 13.88 509.91-0.88 12.25 449.93 Norfolk -0.57 13.95 512.48-0.81 12.32 452.50 Palmerston -0.60 13.92 511.38-0.90 12.23 449.19 Varna -0.65 13.87 509.54-0.90 12.23 449.19 Trenton -0.65 13.87 509.54-0.85 12.28 451.03 Winchester -0.70 13.82 507.71-0.79 12.34 453.23 North Gower -0.77 13.75 505.13-0.83 12.30 451.76 Huron FOB -0.50 14.02 515.05-0.85 12.28 451.03 Kent FOB -0.57 13.95 512.48-0.86 12.27 450.66 Lambton FOB -0.57 13.95 512.48-0.86 12.27 450.66 Middlesex FOB-0.65-0.55-0.55 N/A 13.87 509.54-0.69 12.44 456.91 PROCESSORS Hamilton -0.20-0.15-0.15-0.05 14.32 526.08-0.40 12.73 467.56 Windsor -0.23-0.22-0.22 N/A 14.29 524.98-0.47 12.66 464.99 Winchester N/A N/A TRANSFER Hamilton -0.35 N/A N/A N/A 14.17 520.57-0.31 12.82 470.87 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.10 14.62 537.10-0.12 13.01 477.85 Toledo El. 0.06 14.58 535.62-0.33 12.80 470.18 Bank of Canada Noon exchange rate was 0.9934 up 0.0001 Chicago wheat closed moderately lower. MAR13 HI 7.99 3/4 JUL13 HI 8.13 1/4 LOW 7.76 LOW 7.90 CLOSE 7.79 1/4 Down 12 CLOSE 7.93 1/4 Down 11 1/4 Minni wheat closed slightly lower. MAR13 HI 8.81 1/2 SEP13 HI 8.98 LOW 8.62 1/4 LOW 8.83 CLOSE 8.64 1/4 Down 9 3/4 CLOSE 8.83 Down 9 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.59 -0.39 -0.74 -0.95 CAD $/bu 7.20 7.40 7.05 7.70 CAD $/tonne 264.56 271.86 259.08 282.82 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 -1.12 N/A London -0.81 -0.81 -0.96 N/A -0.86 -0.91 -1.16 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 -1.01 N/A N/A N/A -1.22 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 -0.90 -0.95 N/A N/A -0.99 -1.13 N/A Brigden N/A -0.90 -0.95 N/A N/A -0.99 -1.13 N/A Palmerston N/A -0.55 -0.95 -0.77 N/A -0.74 -1.14 -1.02 Varna -0.70 -0.80 -0.95 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 -1.59 N/A N/A N/A N/A North Gower N/A N/A N/A -1.00 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 -0.65 N/A N/A N/A -0.82 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 -0.05N/A 0.37N/A -0.23N/A Toledo El. 7.53US 7.49CA 7.70US 7.67CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.48 -0.43 -0.93 -0.93 CAD $/bu 7.45 7.50 7.01 7.90 CAD $/tonne 273.89 275.72 257.42 290.27 (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 479.07 - 485.69 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00