FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0224 up 0.0039 Chicago corn closed slightly lower. MAR13 HI 6.97 3/4 DEC13 HI 5.59 LOW 6.90 LOW 5.52 CLOSE6.90 1/4 Down 1/2 CLOSE 5.52 3/4 Down 1 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY13+MAY13+JUL13 CK Low -0.50 6.40 252.06 -0.75 4.78 188.08 CK High -0.50 6.40 252.06 -0.70 4.83 190.05 CK Avg -0.50 -0.65 6.40 252.06 -0.71 -0.84 4.82 189.72 Essex Cty -0.51 6.39 251.66 -0.70 4.83 190.05 Mdsx Low -0.50 6.40 252.06 -0.70 4.83 190.05 Mdsx High -0.50 6.40 252.06 -0.70 4.83 190.05 Mdsx Avg -0.50 -0.65 6.40 252.06 -0.70 -0.83 4.83 190.05 Hensall -0.50 6.40 252.06 -0.70 4.83 190.05 Bruce -0.50 6.40 252.06 -0.70 4.83 190.05 Putnam -0.50 6.40 252.06 -0.75 4.78 188.08 Burford -0.50 6.40 252.06 -0.70 4.83 190.05 Port Perry -0.55 6.35 250.09 -0.75 4.78 188.08 Norfolk -0.50 6.40 252.06 -0.70 4.83 190.05 Palmerston -0.50 6.40 252.06 -0.70 4.83 190.05 Varna -0.50 6.40 252.06 -0.70 4.83 190.05 Trenton -0.60 6.30 248.12 -0.70 4.83 190.05 Winchester -0.40 6.50 255.99 -0.60 4.93 193.99 North Gower -0.67 6.23 245.36 -0.67 4.86 191.23 Huron FOB -0.45 6.45 254.02 -0.70 4.83 190.05 Kent FOB -0.50 6.40 252.06 -0.70 4.83 190.05 Lamb FOB -0.50 6.40 252.06 -0.70 4.83 190.05 Mdsx FOB -0.50 -0.40 -0.35N/A 6.40 252.06 -0.70 4.83 190.05 FOB SW Que -0.20 6.70 263.87 -0.35 5.18 203.83 Track -0.18 6.73 264.85N/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 N/A N/A Sarn-Eth -0.35 -0.35 -0.35 -0.15 6.55 257.96N/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 4.98 195.96 Pt.Colb-Ing N/A N/A N/A N/A -0.50 5.03 197.92 Cardnl-Ing N/A N/A N/A N/A -0.45 5.08 199.89 W O Feed -0.13 -0.15 6.77 266.62 US Rep 0.65 0.63 7.55 297.33 Toledo El. 0.16 7.07 278.18 -0.34 5.19 204.31 TRANSFER Sarnia N/A N/A Pt. Stanley -0.46 6.44 253.63 -0.75 4.78188 Hamilton -0.36 6.54257 4/7 -0.45 5.08199 8/9 MID SD CRN -0.50 6.40 1/4 HI SD CRN -0.50 6.40 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0224 up 0.0039 Chicago soybeans closed moderately lower to lower. MAY13 HI 14.97 NOV13 HI 13.07 LOW 14.42 LOW 12.64 CLOSE14.43 3/4 Down 26 3/4 CLOSE 12.65 Down 12 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL13 CK Low -0.24 14.20 521.67-0.55 12.10 444.60 CK High 0.01 14.45 530.85-0.45 12.20 448.27 CK Average -0.11 -0.4214.33 526.63-0.50-0.8012.15 446.31 Essex Cty -0.01 14.43 530.12-0.24 12.41 455.99 Mdsx Low -0.20 14.24 523.14-0.51 12.14 446.07 Mdsx High -0.10 14.34 526.81-0.45 12.20 448.27 Mdsx Average -0.15 -0.4714.29 524.98-0.48-0.7812.17 447.17 Hensall -0.10 14.34 526.81-0.52 12.14 445.88 Bruce -0.10 14.34 526.81-0.45 12.20 448.27 Putnam -0.14 14.30 525.34-0.65 12.00 440.92 Burford -0.20 14.24 523.14-0.51 12.14 446.07 Port Perry -0.23 14.21 522.04-0.54 12.11 444.97 Norfolk -0.05 14.39 528.65-0.47 12.18 447.54 Palmerston -0.14 14.30 525.34-0.55 12.10 444.60 Varna 0.06 14.50 532.69-0.50 12.15 446.44 Trenton -0.25 14.19 521.30-0.42 12.23 449.38 Winchester -0.29 14.15 519.83-0.37 12.28 451.21 North Gower -0.15 14.29 524.98-0.41 12.24 449.74 Huron FOB 0.00 14.44 530.49-0.40 12.25 450.11 Kent FOB -0.10 14.34 526.81-0.52 12.13 445.70 Lambton FOB -0.10 14.34 526.81-0.52 12.13 445.70 Middlesex FOB-0.10-0.050.00 0.00 14.34 526.81-0.29 12.36 454.15 PROCESSORS Hamilton 0.45 0.45 0.45 0.40 14.89 547.020.00 12.65 464.81 Windsor 0.21 0.22 0.23 0.23 14.65 538.20-0.02 12.63 464.07 Winchester N/A N/A TRANSFER Hamilton 0.38 N/A N/A N/A 14.82 544.450.04 12.69 466.28 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.32 14.76 542.250.34 12.99 477.30 Toledo El. -0.14 14.29 525.23-0.39 12.26 450.52 Bank of Canada Noon exchange rate was 1.0224 up 0.0039 Chicago wheat closed slightly lower. MAR13 HI 7.29 3/4 JUL13 HI 7.35 3/4 LOW 7.13 1/2 LOW 7.22 1/2 CLOSE 7.15 Down 6 1/4 CLOSE 7.23 1/2 Down 4 1/2 Minni wheat closed slightly lower. MAR13 HI 8.18 1/4 SEP13 HI 8.38 LOW 8.01 3/4 LOW 8.20 1/2 CLOSE 8.02 3/4 Down 3 3/4 CLOSE 8.21 1/2 Down 8 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.40 -0.20 -0.56 -0.74 CAD $/bu 6.75 6.95 6.59 7.28 CAD $/tonne 247.84 255.35 242.20 267.65 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 -0.70 N/A N/A -0.85 -1.00 N/A London -0.61 -0.66 -0.71 N/A -0.61 -0.76 -0.97 N/A Hensall -0.55 N/A -0.70 N/A -0.65 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 -0.71 N/A N/A N/A -0.99 N/A Norwich -0.55 N/A -0.70 N/A -0.65 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 -0.60 N/A -0.75 N/A -0.70 N/A -1.00 N/A Chatham N/A -0.65 -0.70 N/A N/A -0.85 -0.95 N/A Brigden N/A -0.65 -0.70 N/A N/A -0.85 -0.95 N/A Palmerston N/A -0.41 -0.67 -0.58 N/A -0.72 -0.97 -0.73 Varna -0.40 -0.50 -0.65 N/A -0.50 -0.85 -0.95 N/A Mitchell -0.55 -0.70 -0.70 N/A -0.65 -0.90 -1.00 N/A Thornton N/A N/A N/A -1.05 N/A N/A N/A N/A North Gower N/A N/A N/A -0.72 N/A N/A N/A -0.81 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.12 N/A N/A N/A -0.64 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 0.26N/A 0.58N/A -0.03N/A Toledo El. 6.92US 7.07CA 7.01US 7.17CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.29 -0.24 -0.75 -0.73 CAD $/bu 6.95 7.00 6.48 7.49 CAD $/tonne 255.20 257.08 238.28 275.14 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 360.00 - 365.00 Bayport Oats 350.00 Bayport Barley 330.00 FOB Hm Soymeal 494.84 - 501.45 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00