FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 20 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0269 up 0.0000 Chicago corn closed mixed. JUL13 HI 6.60 3/4 DEC13 HI 5.23 LOW 6.42 3/4 LOW 5.14 CLOSE6.49 1/2 Down 3 1/4 CLOSE 5.20 1/4 Up 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL13+JUL13+JUL13 CK Low -0.45 6.05 237.98 -0.80 4.40 173.32 CK High -0.30 6.20 243.89 -0.70 4.50 177.26 CK Avg -0.43 -0.58 6.07 238.97 -0.76 -0.88 4.44 174.96 Essex Cty -0.30 6.20 243.89 -0.75 4.45 175.29 Mdsx Low -0.45 6.05 237.98 -0.80 4.40 173.32 Mdsx High -0.40 6.10 239.95 -0.75 4.45 175.29 Mdsx Avg -0.43 -0.58 6.07 238.97 -0.78 -0.90 4.43 174.30 Hensall -0.45 6.05 237.98 -0.78 4.43 174.30 Bruce -0.45 6.05 237.98 -0.80 4.40 173.32 Putnam N/A -0.70 4.50 177.26 Burford -0.45 6.05 237.98 -0.75 4.45 175.29 Port Perry -0.40 6.10 239.95 -0.75 4.45 175.29 Norfolk -0.45 6.05 237.98 -0.75 4.45 175.29 Palmerston -0.45 6.05 237.98 -0.75 4.45 175.29 Varna -0.45 6.05 237.98 -0.75 4.45 175.29 Trenton -0.40 6.10 239.95 -0.70 4.50 177.26 Winchester -0.35 6.15 241.92 -0.50 4.70 185.13 North Gower -0.44 6.06 238.37 -0.45 4.75 187.10 Huron FOB -0.35 6.15 241.92 -0.70 4.50 177.26 Kent FOB -0.40 6.10 239.95 -0.75 4.45 175.29 Lamb FOB -0.40 6.10 239.95 -0.75 4.45 175.29 Mdsx FOB -0.40 -0.40N/A N/A 6.10 239.95 -0.75 4.45 175.29 FOB SW Que 0.03 6.53 256.88 -0.40 4.80 189.07 Track -0.05 6.45 253.73N/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 4.65 183.16 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 4.70 185.13 Pt.Colb-Ing N/A N/A N/A 0.75 -0.45 4.75 187.10 Cardnl-Ing N/A N/A N/A N/A -0.45 4.75 187.10 W O Feed -0.03 -0.06 6.47 254.52 US Rep 0.50 0.47 7.00 275.38 Toledo El. 0.40 6.89 271.41 -0.34 4.86 191.51 TRANSFER Sarnia N/A N/A Pt. Stanley -0.45 6.05 237.98 -0.80 4.40173 1/3 Hamilton -0.13 6.37250 4/7 -0.45 4.75187 MID SD CRN -0.75 4.45 1/4 HI SD CRN -0.70 4.50 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0269 up 0.0000 Chicago soybeans closed mixed. JUL13 HI 14.66 NOV13 HI 12.29 LOW 14.43 1/4 LOW 12.10 3/4 CLOSE14.64 1/2 Up 16 CLOSE 12.25 Down 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+SEP1+JUL13 CK Low 0.80 15.45 567.51-0.50 11.75 431.74 CK High 0.91 15.56 571.55-0.41 11.84 435.05 CK Average 0.88 0.53 15.52 570.32-0.45-0.7411.80 433.51 Essex Cty 1.02 15.67 575.59-0.29 11.96 439.45 Mdsx Low 0.87 15.52 570.08-0.43 11.82 434.31 Mdsx High 0.90 15.55 571.18-0.40 11.85 435.41 Mdsx Average 0.89 0.54 15.53 570.63-0.42-0.7011.84 434.86 Hensall 0.90 15.55 571.18-0.40 11.85 435.41 Bruce 0.75 15.40 565.67-0.50 11.75 431.74 Putnam N/A -0.50 11.75 431.74 Burford 0.87 15.52 570.08-0.43 11.82 434.31 Port Perry 0.86 15.51 569.71-0.41 11.84 435.05 Norfolk 0.91 15.56 571.55-0.40 11.85 435.41 Palmerston 0.75 15.40 565.67-0.55 11.70 429.90 Varna 0.75 15.40 565.67-0.55 11.70 429.90 Trenton 0.70 15.35 563.83-0.55 11.70 429.90 Winchester 0.71 15.36 564.20-0.30 11.95 439.09 North Gower 0.91 15.56 571.55-0.34 11.91 437.62 Huron FOB 1.02 15.67 575.59-0.30 11.95 439.09 Kent FOB 0.91 15.56 571.55-0.45 11.80 433.58 Lambton FOB 0.91 15.56 571.55-0.45 11.80 433.58 Middlesex FOB0.98 1.02 1.02 N/A 15.63 574.12-0.32 11.93 438.35 PROCESSORS Hamilton 1.30 1.35 N/A N/A 15.95 585.880.05 12.30 451.95 Windsor 1.24 1.21 1.22 N/A 15.89 583.67-0.06 12.19 447.91 Winchester N/A N/A TRANSFER Hamilton 1.25 N/A N/A N/A 15.90 584.040.00 12.25 450.11 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A 0.48 12.73 467.75 Toledo El. 0.58 15.23 559.55-0.39 11.86 435.82 Bank of Canada Noon exchange rate was 1.0269 up 0.0000 Chicago wheat closed slightly higher. JUL13 HI 6.88 1/2 JUL13 HI 6.88 1/2 LOW 6.74 1/2 LOW 6.74 1/2 CLOSE 6.85 1/4 Up 2 CLOSE 6.85 1/4 Up 2 Minni wheat closed slightly higher. JUL13 HI 8.13 SEP13 HI 8.00 LOW 8.00 1/4 LOW 7.91 CLOSE 8.11 1/4 Up 7 1/2 CLOSE 7.99 1/4 Up 4 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.61 -0.50 -0.61 -0.79 CAD $/bu 6.25 6.35 6.25 7.32 CAD $/tonne 229.53 233.29 229.53 269.02 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 -0.60 N/A N/A -0.95 -1.10 N/A London -0.48 -0.53 -0.48 N/A -0.53 -0.84 -0.95 N/A Hensall -0.55 N/A -0.50 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 -0.62 N/A N/A N/A -0.97 N/A Norwich -0.55 N/A -0.50 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 -0.55 N/A -0.65 N/A -1.10 N/A Chatham N/A -0.51 -0.56 N/A N/A -0.95 -1.00 N/A Brigden N/A -0.51 -0.56 N/A N/A -0.95 -1.00 N/A Palmerston N/A -0.49 -0.61 -0.50 N/A -0.75 -1.10 -0.75 Varna -0.50 -0.60 -0.60 N/A -0.65 -0.95 -1.05 N/A Mitchell -0.55 -0.60 -0.50 N/A -0.65 -0.95 -1.10 N/A Thornton N/A N/A N/A -1.22 N/A N/A N/A N/A North Gower N/A N/A N/A -0.84 N/A N/A N/A -0.78 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.07 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 0.11N/A 0.47N/A 0.06N/A Toledo El. 6.72US 6.88CA 6.72US 6.88CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.25 -0.25 -0.71 -0.73 CAD $/bu 6.61 6.61 6.14 7.26 CAD $/tonne 242.70 242.70 225.77 266.77 (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 543.78 - 555.91 DDG's FOB Srn, Wndr, Aylm 250.00