FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 31 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9992 down 0.0041 Chicago corn closed narrowly mixed. MAR13 HI 7.44 1/2 DEC13 HI 5.94 3/4 LOW 7.34 1/4 LOW 5.87 CLOSE7.40 1/2 Up 1/4 CLOSE 5.91 Down 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 -0.60 6.81 267.90 -0.75 5.16 203.14 CK High -0.55 6.86 269.87 -0.70 5.21 205.11 CK Avg -0.58 -0.57 6.82 268.56 -0.74 -0.75 5.17 203.47 Essex Cty -0.55 6.86 269.87 -0.75 5.16 203.14 Mdsx Low -0.60 6.81 267.90 -0.75 5.16 203.14 Mdsx High -0.60 6.81 267.90 -0.75 5.16 203.14 Mdsx Avg -0.60 -0.59 6.81 267.90 -0.75 -0.75 5.16 203.14 Hensall -0.60 6.81 267.90 -0.75 5.16 203.14 Bruce -0.60 6.81 267.90 -0.75 5.16 203.14 Putnam -0.60 6.81 267.90 -0.75 5.16 203.14 Burford -0.60 6.81 267.90 -0.75 5.16 203.14 Port Perry -0.60 6.81 267.90 -0.75 5.16 203.14 Norfolk -0.55 6.86 269.87 -0.75 5.16 203.14 Palmerston -0.60 6.81 267.90 -0.70 5.21 205.11 Varna -0.60 6.81 267.90 -0.70 5.21 205.11 Trenton -0.65 6.76 265.93 -0.70 5.21 205.11 Winchester -0.30 7.11 279.71 -0.60 5.31 209.05 North Gower -0.74 6.67 262.39 -0.69 5.22 205.50 Huron FOB -0.45 6.96 273.81 -0.70 5.21 205.11 Kent FOB -0.55 6.86 269.87 -0.75 5.16 203.14 Lamb FOB -0.55 6.86 269.87 -0.75 5.16 203.14 Mdsx FOB -0.60 -0.55 -0.50N/A 6.81 267.90 -0.70 5.21 205.11 FOB SW Que -0.40 7.01 275.77 -0.40 5.51 216.92 Track -0.20 7.21 283.65N/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 -0.40 -0.25 N/A Sarn-Eth -0.30 -0.30 -0.20 -0.15 7.11 279.71N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A -0.10 -0.55 5.36 211.01 Pt.Colb-Ing N/A N/A N/A N/A -0.50 5.41 212.98 Cardnl-Ing N/A N/A N/A N/A -0.45 5.46 214.95 W O Feed -0.21 -0.21 7.20 283.25 US Rep 0.40 0.40 7.81 307.27 Toledo El. 0.16 7.56 297.81 -0.28 5.63 221.64 TRANSFER Sarnia N/A N/A Pt. Stanley -0.55 6.86 269.87 -0.75 5.16203 1/7 Hamilton -0.52 6.89271 -0.57 5.34210 2/9 MID SD CRN -0.57 1/2 6.83 HI SD CRN -0.55 6.85 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9992 down 0.0041 Chicago soybeans closed slightly lower. MAR13 HI 14.84 1/4 NOV13 HI 13.38 1/2 LOW 14.55 LOW 13.15 1/2 CLOSE14.68 1/2 Down 10 1/4 CLOSE 13.27 3/4 Down 5 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY13 CK Low -0.53 14.16 520.11-0.83 12.45 457.37 CK High -0.41 14.28 524.52-0.70 12.58 462.14 CK Average -0.47 -0.4514.21 522.19-0.78-0.7912.50 459.20 Essex Cty -0.45 14.24 523.05-0.65 12.63 463.98 Mdsx Low -0.49 14.20 521.58-0.79 12.49 458.84 Mdsx High -0.45 14.24 523.05-0.75 12.53 460.31 Mdsx Average -0.47 -0.4514.22 522.31-0.77-0.7812.51 459.57 Hensall -0.45 14.24 523.05-0.73 12.55 461.23 Bruce -0.45 14.24 523.05-0.75 12.53 460.31 Putnam -0.40 14.29 524.88-0.80 12.48 458.47 Burford -0.49 14.20 521.58-0.79 12.49 458.84 Port Perry -0.52 14.17 520.47-0.82 12.46 457.73 Norfolk -0.41 14.28 524.52-0.75 12.53 460.31 Palmerston -0.40 14.29 524.88-0.75 12.53 460.31 Varna -0.40 14.29 524.88-0.65 12.63 463.98 Trenton -0.45 14.24 523.05-0.75 12.53 460.31 Winchester -0.35 14.34 526.72-0.65 12.63 463.98 North Gower -0.56 14.13 519.00-0.73 12.55 461.04 Huron FOB -0.30 14.39 528.56-0.60 12.68 465.82 Kent FOB -0.41 14.28 524.52-0.80 12.48 458.47 Lambton FOB -0.41 14.28 524.52-0.80 12.48 458.47 Middlesex FOB-0.39-0.36 N/A N/A 14.30 525.25-0.68 12.60 462.88 PROCESSORS Hamilton -0.10-0.100.00 0.00 14.59 535.91-0.35 12.93 475.00 Windsor -0.22-0.22-0.22 N/A 14.47 531.50-0.42 12.86 472.43 Winchester N/A N/A TRANSFER Hamilton -0.15 N/A N/A N/A 14.54 534.07-0.30 12.98 476.84 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 14.69 539.580.00 13.28 487.86 Toledo El. 0.06 14.74 541.78-0.38 12.90 473.89 Bank of Canada Noon exchange rate was 0.9992 down 0.0041 Chicago wheat closed slightly lower. MAR13 HI 7.91 JUL13 HI 8.03 1/2 LOW 7.73 3/4 LOW 7.86 3/4 CLOSE 7.79 1/2 Down 7 1/2 CLOSE 7.93 1/4 Down 7 Minni wheat closed slightly lower. MAR13 HI 8.71 SEP13 HI 8.91 3/4 LOW 8.59 1/4 LOW 8.83 3/4 CLOSE 8.65 Down 4 CLOSE 8.88 3/4 Down 1 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.56 -0.36 -0.71 -0.91 CAD $/bu 7.24 7.44 7.09 7.74 CAD $/tonne 265.86 273.20 260.36 284.39 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 -0.75 N/A N/A -1.00 -1.00 N/A London -0.74 -0.79 -0.84 N/A -0.74 -0.89 -1.09 N/A Hensall -0.60 N/A -0.75 N/A -0.55 N/A -1.00 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 -0.90 Essex N/A N/A -0.61 N/A N/A N/A -1.19 N/A Norwich -0.60 N/A -0.75 N/A -0.55 N/A -1.00 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.65 N/A -0.80 N/A -0.60 N/A -1.05 N/A Chatham N/A -0.78 -0.83 N/A N/A -0.98 -1.08 N/A Brigden N/A -0.78 -0.83 N/A N/A -0.98 -1.08 N/A Palmerston N/A -0.45 -0.84 -0.65 N/A -0.64 -1.03 -0.90 Varna -0.55 -0.65 -0.80 N/A -0.55 -0.90 -1.00 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 -1.16 N/A N/A N/A N/A North Gower N/A N/A N/A -0.88 N/A N/A N/A -0.86 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.37 N/A N/A N/A -0.81 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 -0.01N/A 0.41N/A -0.20N/A Toledo El. 7.54US 7.53CA 7.70US 7.71CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.45 -0.40 -0.90 -0.90 CAD $/bu 7.49 7.54 7.04 7.99 CAD $/tonne 275.10 276.94 258.56 293.67 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 360.00 - 370.00 Bayport Oats 345.00 Bayport Barley 330.00 FOB Hm Soymeal 494.28 - 499.80 DDG's FOB Srn, Wndr, Aylm 280.00 - 290.00