FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 25 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0265 up 0.0041 Chicago corn closed mixed. MAR13 HI 6.95 1/2 DEC13 HI 5.54 1/2 LOW 6.87 1/2 LOW 5.50 CLOSE6.93 1/2 Up 3 1/4 CLOSE 5.50 1/4 Down 2 1/2 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 6.44 253.33 -0.75 4.75 187.10 CK High -0.50 6.44 253.33 -0.70 4.80 189.07 CK Avg -0.50 -0.69 6.44 253.33 -0.71 -0.87 4.79 188.74 Essex Cty -0.53 6.41 252.15 -0.70 4.80 189.07 Mdsx Low -0.50 6.44 253.33 -0.70 4.80 189.07 Mdsx High -0.50 6.44 253.33 -0.70 4.80 189.07 Mdsx Avg -0.50 -0.69 6.44 253.33 -0.70 -0.86 4.80 189.07 Hensall -0.50 6.44 253.33 -0.70 4.80 189.07 Bruce -0.50 6.44 253.33 -0.70 4.80 189.07 Putnam -0.50 6.44 253.33 -0.70 4.80 189.07 Burford -0.50 6.44 253.33 -0.70 4.80 189.07 Port Perry -0.55 6.39 251.37 -0.75 4.75 187.10 Norfolk -0.50 6.44 253.33 -0.70 4.80 189.07 Palmerston -0.50 6.44 253.33 -0.70 4.80 189.07 Varna -0.50 6.44 253.33 -0.70 4.80 189.07 Trenton -0.68 6.26 246.25 -0.70 4.80 189.07 Winchester -0.38 6.56 258.06 -0.60 4.90 193.00 North Gower -0.66 6.28 247.04 -0.60 4.90 193.00 Huron FOB -0.45 6.49 255.30 -0.70 4.80 189.07 Kent FOB -0.50 6.44 253.33 -0.70 4.80 189.07 Lamb FOB -0.50 6.44 253.33 -0.70 4.80 189.07 Mdsx FOB -0.50 -0.40 -0.35N/A 6.44 253.33 -0.70 4.80 189.07 FOB SW Que -0.20 6.74 265.15 -0.35 5.15 202.84 Track -0.20 6.74 265.15N/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 6.59 259.24N/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 4.95 194.97 Pt.Colb-Ing N/A N/A N/A N/A -0.50 5.00 196.94 Cardnl-Ing N/A N/A N/A N/A -0.45 5.05 198.91 W O Feed -0.14 -0.17 6.80 267.51 US Rep 0.65 0.62 7.59 298.61 Toledo El. 0.16 7.10 279.49 -0.34 5.16 203.26 TRANSFER Sarnia N/A N/A Pt. Stanley -0.58 6.36 250.19 -0.75 4.75187 Hamilton -0.43 6.51256 -0.45 5.05199 MID SD CRN -0.50 6.43 1/2 HI SD CRN -0.50 6.43 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0265 up 0.0041 Chicago soybeans closed slightly lower. MAY13 HI 14.53 NOV13 HI 12.75 LOW 14.21 1/2 LOW 12.55 1/4 CLOSE14.35 1/4 Down 8 1/2 CLOSE 12.65 1/2 Down 1 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL13 CK Low -0.15 14.20 521.85-0.53 12.13 445.52 CK High -0.10 14.25 523.69-0.42 12.24 449.56 CK Average -0.11 -0.5014.24 523.38-0.49-0.8612.17 446.99 Essex Cty 0.04 14.39 528.83-0.25 12.41 455.81 Mdsx Low -0.12 14.23 522.95-0.45 12.21 448.46 Mdsx High -0.10 14.25 523.69-0.45 12.21 448.46 Mdsx Average -0.11 -0.5014.24 523.32-0.45-0.8212.21 448.46 Hensall -0.08 14.28 524.61-0.45 12.21 448.46 Bruce -0.10 14.25 523.69-0.45 12.21 448.46 Putnam -0.10 14.25 523.69-0.50 12.16 446.62 Burford -0.12 14.23 522.95-0.45 12.21 448.46 Port Perry -0.15 14.20 521.85-0.48 12.18 447.35 Norfolk -0.05 14.30 525.53-0.48 12.18 447.35 Palmerston -0.10 14.25 523.69-0.55 12.11 444.78 Varna -0.05 14.30 525.53-0.45 12.21 448.46 Trenton -0.25 14.10 518.18-0.40 12.26 450.29 Winchester -0.20 14.15 520.02-0.30 12.36 453.97 North Gower -0.12 14.23 522.95-0.39 12.27 450.66 Huron FOB 0.05 14.40 529.20-0.35 12.31 452.13 Kent FOB -0.10 14.25 523.69-0.53 12.13 445.52 Lambton FOB -0.10 14.25 523.69-0.53 12.13 445.52 Middlesex FOB-0.10-0.020.02 0.02 14.25 523.69-0.29 12.37 454.34 PROCESSORS Hamilton 0.45 0.45 0.50 0.50 14.80 543.900.05 12.71 466.83 Windsor 0.27 0.27 0.27 0.27 14.62 537.28-0.02 12.64 464.26 Winchester N/A N/A TRANSFER Hamilton 0.45 N/A N/A N/A 14.80 543.900.13 12.79 469.77 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.32 14.67 539.120.34 13.00 477.48 Toledo El. 0.07 14.42 530.01-0.39 12.26 450.63 Bank of Canada Noon exchange rate was 1.0265 up 0.0041 Chicago wheat closed moderately lower. MAR13 HI 7.17 1/2 JUL13 HI 7.26 3/4 LOW 6.98 LOW 7.08 3/4 CLOSE 6.99 1/4 Down 15 3/4 CLOSE 7.10 Down 13 1/2 Minni wheat closed moderately lower. MAR13 HI 8.05 3/4 SEP13 HI 8.25 LOW 7.85 1/2 LOW 8.08 1/2 CLOSE 7.87 Down 15 3/4 CLOSE 8.09 1/2 Down 12 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.38 -0.17 -0.53 -0.71 CAD $/bu 6.62 6.82 6.46 7.16 CAD $/tonne 243.12 250.66 237.45 263.02 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 -0.58 -0.63 -0.68 N/A -0.57 -0.73 -0.93 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 -0.73 N/A N/A N/A -0.97 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 -0.35 -0.45 -0.60 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 -1.02 N/A N/A N/A N/A North Gower N/A N/A N/A -0.69 N/A N/A N/A -0.74 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.09 N/A N/A N/A -0.62 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 0.29N/A 0.62N/A 0.00N/A Toledo El. 6.76US 6.95CA 6.87US 7.07CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.26 -0.21 -0.72 -0.69 CAD $/bu 6.84 6.89 6.38 7.40 CAD $/tonne 251.41 253.30 234.40 272.01 (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 493.40 - 500.02 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00