FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 25 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0078 up 0.0052 Chicago corn closed slightly lower. MAR13 HI 7.27 1/2 DEC13 HI 5.89 1/4 LOW 7.17 1/2 LOW 5.82 3/4 CLOSE7.20 3/4 Down 3 1/2 CLOSE 5.84 1/4 Down 1 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 -0.60 6.61 260.13 -0.75 5.09 200.48 CK High -0.55 6.66 262.09 -0.70 5.14 202.45 CK Avg -0.58 -0.65 6.62 260.78 -0.74 -0.80 5.10 200.81 Essex Cty -0.50 6.71 264.06 -0.75 5.09 200.48 Mdsx Low -0.60 6.61 260.13 -0.75 5.09 200.48 Mdsx High -0.60 6.61 260.13 -0.75 5.09 200.48 Mdsx Avg -0.60 -0.66 6.61 260.13 -0.75 -0.81 5.09 200.48 Hensall -0.60 6.61 260.13 -0.73 5.12 201.47 Bruce -0.60 6.61 260.13 -0.75 5.09 200.48 Putnam -0.65 6.56 258.16 -0.75 5.09 200.48 Burford -0.60 6.61 260.13 -0.75 5.09 200.48 Port Perry -0.65 6.56 258.16 -0.75 5.09 200.48 Norfolk -0.55 6.66 262.09 -0.75 5.09 200.48 Palmerston -0.65 6.56 258.16 -0.70 5.14 202.45 Varna -0.65 6.56 258.16 -0.70 5.14 202.45 Trenton -0.60 6.61 260.13 -0.70 5.14 202.45 Winchester -0.30 6.91 271.94 -0.65 5.19 204.42 North Gower -0.64 6.57 258.55 -0.71 5.13 202.06 Huron FOB -0.40 6.81 268.00 -0.70 5.14 202.45 Kent FOB -0.55 6.66 262.09 -0.75 5.09 200.48 Lamb FOB -0.55 6.66 262.09 -0.75 5.09 200.48 Mdsx FOB -0.60 -0.55 -0.55N/A 6.61 260.13 -0.70 5.14 202.45 FOB SW Que -0.40 6.81 268.00 -0.45 5.39 212.29 Track -0.20 7.01 275.87N/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 5.29 208.36 Pt.Colb-Ing N/A N/A N/A N/A -0.50 5.34 210.32 Cardnl-Ing N/A N/A N/A N/A -0.45 5.39 212.29 W O Feed -0.24 -0.25 6.97 274.38 US Rep 0.55 0.54 7.76 305.40 Toledo El. 0.13 7.34 288.91 -0.28 5.56 218.87 TRANSFER Sarnia N/A N/A Pt. Stanley -0.55 6.66 262.09 -0.75 5.09200 1/2 Hamilton -0.45 6.76266 -0.47 5.37211 1/2 MID SD CRN -0.57 1/2 6.63 1/4 HI SD CRN -0.55 6.65 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0078 up 0.0052 Chicago soybeans closed mixed. MAR13 HI 14.45 NOV13 HI 13.09 3/4 LOW 14.26 LOW 12.95 CLOSE14.40 3/4 Up 5 1/2 CLOSE 13.02 1/2 Down 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY13 CK Low -0.50 13.91 511.01-0.85 12.18 447.35 CK High -0.42 13.99 513.95-0.70 12.33 452.87 CK Average -0.47 -0.5913.94 512.12-0.75-0.8912.27 450.91 Essex Cty -0.24 14.17 520.57-0.51 12.52 459.85 Mdsx Low -0.45 13.96 512.85-0.70 12.33 452.87 Mdsx High -0.44 13.97 513.22-0.69 12.34 453.23 Mdsx Average -0.45 -0.5713.96 513.03-0.70-0.8312.33 453.05 Hensall -0.45 13.96 512.85-0.70 12.33 452.87 Bruce -0.45 13.96 512.85-0.70 12.33 452.87 Putnam -0.60 13.81 507.34-0.85 12.18 447.35 Burford -0.44 13.97 513.22-0.69 12.34 453.23 Port Perry -0.47 13.94 512.12-0.72 12.31 452.13 Norfolk -0.49 13.92 511.38-0.69 12.34 453.23 Palmerston -0.50 13.91 511.01-0.70 12.33 452.87 Varna -0.50 13.91 511.01-0.75 12.28 451.03 Trenton -0.50 13.91 511.01-0.70 12.33 452.87 Winchester -0.50 13.91 511.01-0.55 12.48 458.38 North Gower -0.56 13.85 508.81-0.60 12.43 456.54 Huron FOB -0.30 14.11 518.36-0.70 12.33 452.87 Kent FOB -0.45 13.96 512.85-0.74 12.29 451.40 Lambton FOB -0.45 13.96 512.85-0.74 12.29 451.40 Middlesex FOB-0.40-0.28-0.28 N/A 14.01 514.69-0.53 12.50 459.11 PROCESSORS Hamilton 0.00 0.05 0.05 0.10 14.41 529.39-0.25 12.78 469.40 Windsor -0.02-0.01-0.01 N/A 14.39 528.65-0.28 12.75 468.30 Winchester N/A N/A TRANSFER Hamilton -0.10 N/A N/A N/A 14.31 525.71-0.23 12.80 470.14 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.25 14.66 538.570.15 13.18 484.10 Toledo El. 0.06 14.47 531.61-0.33 12.69 466.33 Bank of Canada Noon exchange rate was 1.0078 up 0.0052 Chicago wheat closed slightly higher. MAR13 HI 7.81 1/4 JUL13 HI 7.93 LOW 7.64 1/4 LOW 7.77 1/2 CLOSE 7.76 1/2 Up 8 CLOSE 7.88 1/2 Up 6 1/4 Minni wheat closed slightly higher. MAR13 HI 8.71 SEP13 HI 8.92 1/4 LOW 8.52 1/4 LOW 8.75 1/2 CLOSE 8.64 1/4 Up 8 3/4 CLOSE 8.84 3/4 Up 6 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.49 -0.29 -0.64 -0.83 CAD $/bu 7.28 7.48 7.13 7.81 CAD $/tonne 267.41 274.82 261.85 286.96 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 -0.85 N/A N/A -0.95 -1.05 N/A London -0.73 -0.73 -0.88 N/A -0.78 -0.83 -1.08 N/A Hensall -0.70 N/A -0.90 N/A -0.65 N/A -1.10 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 -0.97 N/A N/A N/A -1.15 N/A Norwich -0.70 N/A -0.90 N/A -0.65 N/A -1.10 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.75 N/A -0.90 N/A -0.70 N/A -1.15 N/A Chatham N/A -0.80 -0.85 N/A N/A -0.95 -1.05 N/A Brigden N/A -0.80 -0.85 N/A N/A -0.95 -1.05 N/A Palmerston N/A -0.45 -0.85 -0.66 N/A -0.64 -1.04 -0.91 Varna -0.65 -0.75 -0.90 N/A -0.65 -0.10 -1.10 N/A Mitchell -0.70 -0.85 -0.90 N/A -0.65 -1.05 -1.10 N/A Thornton N/A N/A N/A -1.32 N/A N/A N/A N/A North Gower N/A N/A N/A -0.87 N/A N/A N/A -0.85 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.55 N/A N/A N/A -0.74 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 0.07N/A 0.49N/A -0.12N/A Toledo El. 7.51US 7.57CA 7.66US 7.74CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.37 -0.32 -0.83 -0.82 CAD $/bu 7.51 7.56 7.06 8.03 CAD $/tonne 276.09 277.95 259.38 295.12 (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 475.99 - 480.40 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00