FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 15 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0173 up 0.0025 Chicago corn closed slightly lower. JUL13 HI 6.59 3/4 DEC13 HI 5.38 1/2 LOW 6.45 LOW 5.30 3/4 CLOSE6.50 3/4 Down 1 3/4 CLOSE 5.31 3/4 Down 6 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL13+SEP13+SEP13 CK Low -0.45 6.06 238.47 -0.80 4.52 177.85 CK High -0.30 6.21 244.38 -0.70 4.62 181.78 CK Avg -0.43 -0.54 6.08 239.46 -0.78 -0.88 4.53 178.50 Essex Cty -0.35 6.16 242.41 -0.75 4.57 179.81 Mdsx Low -0.45 6.06 238.47 -0.80 4.52 177.85 Mdsx High -0.45 6.06 238.47 -0.80 4.52 177.85 Mdsx Avg -0.45 -0.57 6.06 238.47 -0.80 -0.90 4.52 177.85 Hensall -0.45 6.06 238.47 -0.78 4.54 178.83 Bruce -0.45 6.06 238.47 -0.80 4.52 177.85 Putnam N/A -0.70 4.62 181.78 Burford -0.50 6.01 236.50 -0.80 4.52 177.85 Port Perry -0.45 6.06 238.47 -0.80 4.52 177.85 Norfolk -0.50 6.01 236.50 -0.80 4.52 177.85 Palmerston -0.45 6.06 238.47 -0.78 4.54 178.63 Varna -0.45 6.06 238.47 -0.75 4.57 179.81 Trenton -0.40 6.11 240.44 -0.70 4.62 181.78 Winchester -0.35 6.16 242.41 -0.50 4.82 189.66 North Gower -0.74 5.77 227.06 -0.45 4.87 191.63 Huron FOB -0.35 6.16 242.41 -0.70 4.62 181.78 Kent FOB -0.45 6.06 238.47 -0.80 4.52 177.85 Lamb FOB -0.45 6.06 238.47 -0.80 4.52 177.85 Mdsx FOB -0.45 -0.45N/A N/A 6.06 238.47 -0.80 4.52 177.85 FOB SW Que -0.05 6.46 254.22 -0.45 4.87 191.63 Track -0.05 6.46 254.22N/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 4.77 187.69 Sarn-Eth N/A -0.30 0.60 0.75 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 4.82 189.66 Pt.Colb-Ing N/A N/A 0.80 0.85 -0.45 4.87 191.63 Cardnl-Ing N/A N/A N/A 0.85 -0.45 4.87 191.63 W O Feed -0.01 -0.03 6.50 255.80 US Rep 0.50 0.48 7.01 275.87 Toledo El. 0.40 6.90 271.82 -0.34 4.98 196.11 TRANSFER Sarnia N/A N/A Pt. Stanley -0.45 6.06 238.47 -0.80 4.52177 5/6 Hamilton -0.19 6.32248 5/7 -0.50 4.82189 2/3 MID SD CRN -0.75 4.56 3/4 HI SD CRN -0.70 4.61 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0173 up 0.0025 Chicago soybeans closed slightly lower. JUL13 HI 14.22 3/4 NOV13 HI 12.21 LOW 14.02 1/4 LOW 12.05 3/4 CLOSE14.12 3/4 Down 2 CLOSE 12.09 3/4 Down 4 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+SEP1+JUL13 CK Low 0.60 14.73 541.14-0.60 11.50 422.46 CK High 0.75 14.88 546.65-0.55 11.55 424.30 CK Average 0.71 0.45 14.83 545.00-0.57-0.8011.52 423.44 Essex Cty 0.85 14.98 550.33-0.43 11.67 428.71 Mdsx Low 0.62 14.75 541.88-0.59 11.51 422.83 Mdsx High 0.75 14.88 546.65-0.50 11.60 426.14 Mdsx Average 0.69 0.43 14.81 544.27-0.55-0.7711.55 424.48 Hensall 0.75 14.88 546.65-0.53 11.57 425.22 Bruce 0.75 14.88 546.65-0.50 11.60 426.14 Putnam N/A -0.50 11.60 426.14 Burford 0.62 14.75 541.88-0.59 11.51 422.83 Port Perry 0.58 14.71 540.41-0.60 11.50 422.46 Norfolk 0.75 14.88 546.65-0.50 11.60 426.14 Palmerston 0.65 14.78 542.98-0.56 11.54 423.93 Varna 0.65 14.78 542.98-0.55 11.55 424.30 Trenton 0.50 14.63 537.47-0.70 11.40 418.79 Winchester 0.47 14.60 536.37-0.47 11.63 427.24 North Gower 0.64 14.77 542.61-0.43 11.67 428.71 Huron FOB 0.87 15.00 551.06-0.45 11.65 427.97 Kent FOB 0.75 14.88 546.65-0.55 11.55 424.30 Lambton FOB 0.75 14.88 546.65-0.55 11.55 424.30 Middlesex FOB0.81 0.85 0.85 N/A 14.94 548.86-0.47 11.63 427.24 PROCESSORS Hamilton 1.15 1.20 N/A N/A 15.28 561.35-0.10 12.00 440.83 Windsor 1.08 1.06 1.06 N/A 15.21 558.78-0.20 11.90 437.16 Winchester N/A N/A TRANSFER Hamilton 1.11 N/A N/A N/A 15.24 559.88-0.11 11.99 440.47 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A 0.34 12.44 457.00 Toledo El. 0.58 14.71 540.42-0.39 11.71 430.29 Bank of Canada Noon exchange rate was 1.0173 up 0.0025 Chicago wheat closed moderately lower. JUL13 HI 7.11 1/4 JUL13 HI 7.11 1/4 LOW 6.92 1/2 LOW 6.92 1/2 CLOSE 6.93 3/4 Down 17 CLOSE 6.93 3/4 Down 17 Minni wheat closed slightly lower. JUL13 HI 8.11 1/4 SEP13 HI 8.07 LOW 8.02 3/4 LOW 7.98 CLOSE 8.03 3/4 Down 7 1/2 CLOSE 7.98 1/2 Down 8 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.64 -0.53 -0.64 -0.83 CAD $/bu 6.30 6.40 6.30 7.21 CAD $/tonne 231.52 235.26 231.52 264.82 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 -0.65 N/A N/A -1.00 -1.10 N/A London -0.59 -0.64 -0.59 N/A -0.64 -0.94 -1.05 N/A Hensall -0.55 N/A -0.65 N/A -0.65 N/A -1.10 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 -0.88 Essex N/A N/A -0.68 N/A N/A N/A -1.03 N/A Norwich -0.55 N/A -0.65 N/A -0.65 N/A -1.10 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 -0.70 N/A -0.65 N/A -1.10 N/A Chatham N/A -0.57 -0.62 N/A N/A -0.99 -1.04 N/A Brigden N/A -0.57 -0.62 N/A N/A -0.99 -1.04 N/A Palmerston N/A -0.48 -0.60 -0.49 N/A -0.74 -1.09 -0.74 Varna -0.50 -0.60 -0.60 N/A -0.65 -0.95 -1.05 N/A Mitchell -0.55 -0.65 -0.65 N/A -0.65 -0.95 -1.10 N/A Thornton N/A N/A N/A -1.21 N/A N/A N/A N/A North Gower N/A N/A N/A -0.83 N/A N/A N/A -0.77 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.14 N/A N/A N/A -0.70 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 0.08N/A 0.43N/A 0.03N/A Toledo El. 6.81US 6.93CA 6.81US 6.93CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.28 -0.28 -0.74 -0.77 CAD $/bu 6.66 6.66 6.20 7.21 CAD $/tonne 244.62 244.62 227.78 265.10 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 347.00 - 350.00 Bayport Oats 335.00 Bayport Barley 310.00 FOB Hm Soymeal 516.44 - 528.57 DDG's FOB Srn, Wndr, Aylm 255.00