FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0084 up 0.0012 Chicago corn closed slightly lower. JUL13 HI 6.52 3/4 DEC13 HI 5.55 1/2 LOW 6.39 1/2 LOW 5.43 1/4 CLOSE6.46 3/4 Down 3 1/4 CLOSE 5.50 1/2 Down 6 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL13+JUL13+JUL13 CK Low -0.35 6.12 240.84 -0.75 4.76 187.20 CK High -0.30 6.17 242.80 -0.70 4.81 189.16 CK Avg -0.34 -0.40 6.13 241.16 -0.74 -0.79 4.76 187.52 Essex Cty -0.35 6.12 240.84 -0.80 4.71 185.23 Mdsx Low -0.40 6.07 238.87 -0.75 4.76 187.20 Mdsx High -0.35 6.12 240.84 -0.75 4.76 187.20 Mdsx Avg -0.38 -0.44 6.09 239.85 -0.75 -0.80 4.76 187.20 Hensall -0.40 6.07 238.87 -0.73 4.78 188.18 Bruce -0.40 6.07 238.87 -0.75 4.76 187.20 Putnam N/A -0.50 5.01 197.04 Burford -0.40 6.07 238.87 -0.75 4.76 187.20 Port Perry -0.35 6.12 240.84 -0.75 4.76 187.20 Norfolk -0.40 6.07 238.87 -0.75 4.76 187.20 Palmerston -0.40 6.07 238.87 -0.70 4.81 189.16 Varna -0.40 6.07 238.87 -0.70 4.81 189.16 Trenton -0.40 6.07 238.87 -0.65 4.86 191.13 Winchester -0.35 6.12 240.84 -0.50 5.01 197.04 North Gower -0.83 5.64 221.94 -0.45 5.06 199.01 Huron FOB -0.30 6.17 242.80 -0.70 4.81 189.16 Kent FOB -0.35 6.12 240.84 -0.75 4.76 187.20 Lamb FOB -0.35 6.12 240.84 -0.75 4.76 187.20 Mdsx FOB -0.35 -0.30N/A N/A 6.12 240.84 -0.75 4.76 187.20 FOB SW Que -0.31 6.16 242.41 -0.49 5.02 197.43 Track -0.05 6.42 252.65N/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 -0.25 0.50 0.55 -0.55 4.96 195.07 Sarn-Eth N/A -0.30 -0.20N/A N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A 0.80 -0.50 5.01 197.04 Pt.Colb-Ing N/A N/A 0.80 0.85 -0.45 5.06 199.01 Cardnl-Ing N/A N/A N/A 0.85 -0.45 5.06 199.01 W O Feed -0.06 -0.07 6.40 252.09 US Rep 0.42 0.41 6.89 271.15 Toledo El. 0.35 6.82 268.52 -0.33 5.17 203.61 TRANSFER Sarnia N/A N/A Pt. Stanley -0.30 6.17 242.80 -0.75 4.76187 1/5 Hamilton -0.31 6.16242 2/5 -0.55 4.96195 MID SD CRN -0.72 1/2 4.78 HI SD CRN -0.70 4.80 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0084 up 0.0012 Chicago soybeans closed slightly lower to lower. JUL13 HI 13.98 NOV13 HI 12.24 1/4 LOW 13.65 1/2 LOW 12.00 3/4 CLOSE13.73 Down 26 CLOSE 12.09 1/4 Down 14 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+SEP1+JUL13 CK Low 0.57 14.30 525.44-0.67 11.42 419.71 CK High 0.63 14.36 527.64-0.60 11.49 422.28 CK Average 0.60 0.47 14.33 526.66-0.65-0.7611.45 420.62 Essex Cty 0.64 14.37 528.01-0.65 11.44 420.44 Mdsx Low 0.57 14.30 525.44-0.65 11.44 420.44 Mdsx High 0.60 14.33 526.54-0.60 11.49 422.28 Mdsx Average 0.59 0.46 14.32 525.99-0.63-0.7411.47 421.36 Hensall 0.60 14.33 526.54-0.60 11.49 422.28 Bruce 0.75 14.48 532.05-0.60 11.49 422.28 Putnam N/A -0.70 11.39 418.60 Burford 0.57 14.30 525.44-0.65 11.44 420.44 Port Perry 0.56 14.29 525.07-0.66 11.43 420.07 Norfolk 0.58 14.31 525.80-0.60 11.49 422.28 Palmerston 0.70 14.43 530.21-0.60 11.49 422.28 Varna 0.60 14.33 526.54-0.60 11.49 422.28 Trenton 0.40 14.13 519.19-0.65 11.44 420.44 Winchester 0.23 13.96 512.94-0.64 11.45 420.81 North Gower 0.40 14.13 519.19-0.53 11.56 424.85 Huron FOB 0.72 14.45 530.95-0.50 11.59 425.95 Kent FOB 0.62 14.35 527.27-0.65 11.44 420.44 Lambton FOB 0.62 14.35 527.27-0.65 11.44 420.44 Middlesex FOB0.53 0.55 N/A N/A 14.26 523.97-0.57 11.52 423.38 PROCESSORS Hamilton 0.95 0.95 N/A N/A 14.68 539.40-0.20 11.89 436.97 Windsor 0.87 0.85 0.85 N/A 14.60 536.46-0.32 11.77 432.57 Winchester N/A N/A TRANSFER Hamilton 0.85 N/A N/A N/A 14.58 535.72-0.29 11.80 433.67 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 13.73 504.490.12 12.21 448.73 Toledo El. 0.47 14.20 521.92-0.38 11.71 430.23 Bank of Canada Noon exchange rate was 1.0084 up 0.0012 Chicago wheat closed moderately lower. JUL13 HI 7.32 1/4 JUL13 HI 7.32 1/4 LOW 7.13 1/4 LOW 7.13 1/4 CLOSE 7.21 Down 10 CLOSE 7.21 Down 10 Minni wheat closed slightly lower. JUL13 HI 8.24 1/2 SEP13 HI 8.27 1/2 LOW 8.08 LOW 8.11 CLOSE 8.15 3/4 Down 6 1/4 CLOSE 8.19 Down 5 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.69 -0.59 -0.69 -0.89 CAD $/bu 6.52 6.62 6.52 7.27 CAD $/tonne 239.59 243.30 239.59 266.95 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 -1.00 -1.05 N/A London -0.57 -0.67 -0.62 N/A -0.62 -0.80 -1.03 N/A Hensall -0.40 N/A -0.55 N/A -0.50 N/A -1.00 N/A Trenton N/A N/A N/A N/A N/A N/A -1.15 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.59 Essex N/A N/A -0.74 N/A N/A N/A -0.99 N/A Norwich -0.40 N/A -0.55 N/A -0.50 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 -0.45 N/A -0.60 N/A -0.55 N/A -1.10 N/A Chatham N/A -0.65 -0.70 N/A N/A -1.10 -1.15 N/A Brigden N/A -0.65 -0.70 N/A N/A -1.10 -1.15 N/A Palmerston N/A -0.53 -0.70 -0.56 N/A -0.80 -1.05 -0.81 Varna -0.50 -0.60 -0.60 N/A -0.60 -0.90 -1.00 N/A Mitchell -0.40 -0.65 -0.55 N/A -0.50 -0.95 -1.00 N/A Thornton N/A N/A N/A -1.09 N/A N/A N/A N/A North Gower N/A N/A N/A -0.90 N/A N/A N/A -0.84 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.35 N/A N/A N/A -0.75 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 0.02N/A 0.37N/A -0.03N/A Toledo El. 7.08US 7.15CA 6.98US 7.05CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.34 -0.34 -0.79 -0.83 CAD $/bu 6.87 6.87 6.42 7.36 CAD $/tonne 252.57 252.57 235.88 270.38 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 330.00 - 347.00 Bayport Oats 335.00 Bayport Barley 310.00 FOB Hm Soymeal 527.58 - 533.09 DDG's FOB Srn, Wndr, Aylm 255.00 - 275.00