FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 27 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.025 down 0.0030 Chicago corn closed narrowly mixed. MAY13 HI 6.98 3/4 DEC13 HI 5.58 1/2 LOW 6.91 1/4 LOW 5.52 CLOSE6.95 1/4 Up 1/2 CLOSE 5.53 3/4 Down 2 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY13+JUL13+JUL13 CK Low -0.45 6.50 255.99 -0.75 4.79 188.48 CK High -0.36 6.59 259.54 -0.70 4.84 190.44 CK Avg -0.41 -0.58 6.54 257.57 -0.71 -0.85 4.83 190.12 Essex Cty -0.40 6.55 257.96 -0.70 4.84 190.44 Mdsx Low -0.45 6.50 255.99 -0.70 4.84 190.44 Mdsx High -0.40 6.55 257.96 -0.70 4.84 190.44 Mdsx Avg -0.43 -0.59 6.53 256.98 -0.70 -0.84 4.84 190.44 Hensall -0.45 6.50 255.99 -0.70 4.84 190.44 Bruce -0.45 6.50 255.99 -0.70 4.84 190.44 Putnam -0.36 6.59 259.54 -0.70 4.84 190.44 Burford -0.40 6.55 257.96 -0.70 4.84 190.44 Port Perry -0.50 6.45 254.02 -0.75 4.79 188.48 Norfolk -0.40 6.55 257.96 -0.70 4.84 190.44 Palmerston -0.45 6.50 255.99 -0.70 4.84 190.44 Varna -0.45 6.50 255.99 -0.70 4.84 190.44 Trenton -0.50 6.45 254.02 -0.70 4.84 190.44 Winchester -0.40 6.55 257.96 -0.65 4.89 192.41 North Gower -0.55 6.40 252.06 -0.58 4.96 195.17 Huron FOB -0.40 6.55 257.96 -0.70 4.84 190.44 Kent FOB -0.40 6.55 257.96 -0.70 4.84 190.44 Lamb FOB -0.40 6.55 257.96 -0.70 4.84 190.44 Mdsx FOB -0.40 -0.40 -0.30 -0.30 6.55 257.96 -0.70 4.84 190.44 FOB SW Que -0.25 6.70 263.87 -0.35 5.19 204.22 Track -0.15 6.80 267.80N/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 -0.35 -0.35 -0.15 -0.15 6.60 259.93N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A -0.10 -0.05 -0.55 4.99 196.35 Pt.Colb-Ing N/A N/A N/A 0.00 -0.50 5.04 198.32 Cardnl-Ing N/A N/A N/A N/A -0.45 5.09 200.29 W O Feed -0.04 -0.07 6.91 272.13 US Rep 0.75 0.72 7.70 303.23 Toledo El. 0.23 7.18 282.58 -0.34 5.20 204.67 TRANSFER Sarnia N/A N/A Pt. Stanley -0.40 6.55 257.96 -0.75 4.79188 1/2 Hamilton -0.45 6.50256 -0.45 5.09200 2/7 MID SD CRN -0.40 1/2 6.54 3/4 HI SD CRN -0.36 6.59 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.025 down 0.0030 Chicago soybeans closed mixed. MAY13 HI 14.48 3/4 NOV13 HI 12.63 1/4 LOW 14.25 LOW 12.48 CLOSE14.39 1/2 Up 7 3/4 CLOSE 12.57 1/4 Down 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL13 CK Low -0.10 14.30 525.25-0.50 12.07 443.59 CK High -0.05 14.35 527.09-0.40 12.17 447.26 CK Average -0.07 -0.4214.32 526.29-0.47-0.7912.11 444.81 Essex Cty 0.00 14.40 528.93-0.28 12.29 451.67 Mdsx Low -0.08 14.32 525.99-0.47 12.10 444.69 Mdsx High -0.05 14.35 527.09-0.45 12.12 445.43 Mdsx Average -0.07 -0.4114.33 526.54-0.46-0.7912.11 445.06 Hensall -0.08 14.32 526.17-0.45 12.12 445.43 Bruce -0.05 14.35 527.09-0.45 12.12 445.43 Putnam -0.10 14.30 525.25-0.50 12.07 443.59 Burford -0.08 14.32 525.99-0.47 12.10 444.69 Port Perry -0.11 14.29 524.88-0.50 12.07 443.59 Norfolk 0.00 14.40 528.93-0.43 12.14 446.16 Palmerston -0.10 14.30 525.25-0.45 12.12 445.43 Varna -0.10 14.30 525.25-0.45 12.12 445.43 Trenton -0.22 14.18 520.84-0.42 12.15 446.53 Winchester -0.25 14.15 519.74-0.30 12.27 450.94 North Gower -0.12 14.28 524.52-0.33 12.24 449.83 Huron FOB 0.00 14.40 528.93-0.35 12.22 449.10 Kent FOB -0.05 14.35 527.09-0.48 12.09 444.32 Lambton FOB -0.05 14.35 527.09-0.48 12.09 444.32 Middlesex FOB0.02 0.06 0.06 N/A 14.42 529.66-0.31 12.26 450.57 PROCESSORS Hamilton 0.45 0.50 0.50 N/A 14.85 545.460.05 12.62 463.80 Windsor 0.23 0.23 0.23 0.23 14.63 537.38-0.05 12.52 460.12 Winchester N/A N/A TRANSFER Hamilton 0.42 N/A N/A N/A 14.82 544.360.12 12.69 466.37 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.35 14.75 541.790.35 12.92 474.82 Toledo El. 0.07 14.47 531.56-0.39 12.18 447.63 Bank of Canada Noon exchange rate was 1.025 down 0.0030 Chicago wheat closed slightly higher. MAY13 HI 7.22 JUL13 HI 7.24 1/2 LOW 7.09 3/4 LOW 7.13 CLOSE 7.12 Up 1 CLOSE 7.15 Up 1 Minni wheat closed slightly lower. MAY13 HI 8.08 1/2 SEP13 HI 8.19 LOW 7.95 1/4 LOW 8.06 CLOSE 7.96 1/2 Down 2 1/4 CLOSE 8.06 Down 3 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.44 -0.24 -0.60 -0.78 CAD $/bu 6.68 6.88 6.52 7.18 CAD $/tonne 245.33 252.86 239.69 263.96 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 -0.70 N/A N/A -0.85 -0.95 N/A London -0.60 -0.66 -0.71 N/A -0.55 -0.71 -0.91 N/A Hensall -0.45 N/A -0.70 N/A -0.50 N/A -0.95 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 -0.74 N/A N/A N/A -0.98 N/A Norwich -0.45 N/A -0.70 N/A -0.50 N/A -0.95 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.55 N/A -0.75 N/A -0.55 N/A -0.95 N/A Chatham N/A -0.60 -0.70 N/A N/A -0.85 -1.15 N/A Brigden N/A -0.60 -0.70 N/A N/A -0.85 -1.15 N/A Palmerston N/A -0.46 -0.72 -0.68 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 -0.45 -0.70 -0.70 N/A -0.50 -0.85 -0.95 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 -0.76 N/A N/A N/A -0.75 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.13 N/A N/A N/A -0.65 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 0.22N/A 0.60N/A -0.02N/A Toledo El. 6.79US 6.95CA 6.92US 7.10CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.28 -0.22 -0.74 -0.71 CAD $/bu 6.87 6.93 6.41 7.35 CAD $/tonne 252.60 254.48 235.63 269.94 (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 503.32 - 512.14 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00