FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 23 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9986 up 0.0052 Chicago corn closed mixed. MAR13 HI 7.30 1/2 DEC13 HI 5.92 1/2 LOW 7.19 1/4 LOW 5.87 1/4 CLOSE7.20 3/4 Down 7 3/4 CLOSE 5.90 1/4 Up 1/4 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 6.56 258.16 -0.75 5.15 202.84 CK High -0.57 6.64 261.31 -0.70 5.20 204.81 CK Avg -0.62 -0.62 6.59 259.34 -0.74 -0.75 5.16 203.17 Essex Cty -0.55 6.66 262.09 -0.75 5.15 202.84 Mdsx Low -0.65 6.56 258.16 -0.75 5.15 202.84 Mdsx High -0.65 6.56 258.16 -0.75 5.15 202.84 Mdsx Avg -0.65 -0.65 6.56 258.16 -0.75 -0.76 5.15 202.84 Hensall -0.65 6.56 258.16 -0.73 5.18 203.83 Bruce -0.65 6.56 258.16 -0.75 5.15 202.84 Putnam -0.65 6.56 258.16 -0.75 5.15 202.84 Burford -0.65 6.56 258.16 -0.75 5.15 202.84 Port Perry -0.65 6.56 258.16 -0.75 5.15 202.84 Norfolk -0.57 6.64 261.31 -0.75 5.15 202.84 Palmerston -0.65 6.56 258.16 -0.70 5.20 204.81 Varna -0.65 6.56 258.16 -0.70 5.20 204.81 Trenton -0.60 6.61 260.13 -0.70 5.20 204.81 Winchester -0.30 6.91 271.94 -0.65 5.25 206.78 North Gower -0.59 6.62 260.52 -0.80 5.10 200.88 Huron FOB -0.50 6.71 264.06 -0.70 5.20 204.81 Kent FOB -0.55 6.66 262.09 -0.75 5.15 202.84 Lamb FOB -0.55 6.66 262.09 -0.75 5.15 202.84 Mdsx FOB -0.65 -0.60 -0.50 -0.45 6.56 258.16 -0.75 5.15 202.84 FOB SW Que -0.45 6.76 266.03 -0.50 5.40 212.69 Track -0.23 6.98 274.89N/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 6.91 271.94N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A N/A -0.55 5.35 210.72 Pt.Colb-Ing N/A N/A N/A N/A -0.50 5.40 212.69 Cardnl-Ing N/A N/A N/A N/A -0.45 5.45 214.66 W O Feed -0.24 -0.24 6.97 274.38 US Rep 0.45 0.45 7.66 301.46 Toledo El. 0.12 7.33 288.47 -0.28 5.62 221.32 TRANSFER Sarnia N/A N/A Pt. Stanley -0.55 6.66 262.09 -0.70 5.20204 4/5 Hamilton -0.50 6.71264 -0.50 5.40212 2/3 MID SD CRN -0.61 6.59 3/4 HI SD CRN -0.57 1 6.63 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9986 up 0.0052 Chicago soybeans closed slightly to moderately lower. MAR13 HI 14.58 NOV13 HI 13.18 1/4 LOW 14.32 LOW 13.00 CLOSE14.37 Down 14 3/4 CLOSE 13.04 1/2 Down 8 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY13 CK Low -0.70 13.67 502.29-0.89 12.16 446.62 CK High -0.59 13.78 506.33-0.85 12.20 448.09 CK Average -0.62 -0.6213.76 505.41-0.86-0.8912.19 447.78 Essex Cty -0.37 14.00 514.41-0.62 12.43 456.54 Mdsx Low -0.60 13.77 505.96-0.83 12.22 448.82 Mdsx High -0.58 13.79 506.70-0.80 12.25 449.93 Mdsx Average -0.59 -0.6013.78 506.33-0.82-0.8412.23 449.38 Hensall -0.63 13.75 505.04-0.85 12.20 448.09 Bruce -0.60 13.77 505.96-0.80 12.25 449.93 Putnam -0.60 13.77 505.96-0.85 12.20 448.09 Burford -0.58 13.79 506.70-0.83 12.22 448.82 Port Perry -0.60 13.77 505.96-0.89 12.16 446.62 Norfolk -0.60 13.77 505.96-0.84 12.21 448.46 Palmerston -0.60 13.77 505.96-0.90 12.15 446.25 Varna -0.65 13.72 504.12-0.90 12.15 446.25 Trenton -0.70 13.67 502.29-0.90 12.15 446.25 Winchester -0.70 13.67 502.29-0.70 12.35 453.60 North Gower -0.72 13.65 501.55-0.78 12.27 450.66 Huron FOB -0.50 13.87 509.64-0.85 12.20 448.09 Kent FOB -0.60 13.77 505.96-0.89 12.16 446.62 Lambton FOB -0.60 13.77 505.96-0.89 12.16 446.62 Middlesex FOB-0.57-0.43-0.43 N/A 13.80 507.06-0.67 12.38 454.70 PROCESSORS Hamilton -0.20-0.15-0.15-0.05 14.17 520.66-0.40 12.65 464.62 Windsor -0.14-0.13-0.13 N/A 14.23 522.86-0.39 12.66 464.99 Winchester N/A N/A TRANSFER Hamilton -0.22 N/A N/A N/A 14.15 519.92-0.24 12.81 470.50 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.45 14.82 544.54-0.10 12.95 475.65 Toledo El. 0.06 14.43 530.21-0.33 12.71 467.17 Bank of Canada Noon exchange rate was 0.9986 up 0.0052 Chicago wheat closed slightly lower. MAR13 HI 7.85 JUL13 HI 7.98 LOW 7.71 LOW 7.85 CLOSE 7.74 3/4 Down 4 1/2 CLOSE 7.88 3/4 Down 4 1/2 Minni wheat closed slightly lower. MAR13 HI 8.71 3/4 SEP13 HI 8.91 3/4 LOW 8.58 LOW 8.80 CLOSE 8.60 1/2 Down 3 3/4 CLOSE 8.82 Down 1 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.55 -0.35 -0.70 -0.90 CAD $/bu 7.20 7.40 7.05 7.71 CAD $/tonne 264.60 271.95 259.08 283.25 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 -0.95 N/A N/A -1.00 -1.13 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 -1.00 N/A N/A N/A -1.18 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 -1.38 N/A N/A N/A N/A North Gower N/A N/A N/A -0.95 N/A N/A N/A -0.93 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.60 N/A N/A N/A -0.80 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 0.00N/A 0.42N/A -0.18N/A Toledo El. 7.49US 7.49CA 7.66US 7.67CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.43 -0.38 -0.88 -0.88 CAD $/bu 7.45 7.50 7.00 7.94 CAD $/tonne 273.88 275.73 257.31 291.65 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 350.00 - 370.00 Bayport Oats 345.00 Bayport Barley 320.00 FOB Hm Soymeal 475.66 - 480.06 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00