FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 21 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0277 up 0.0008 Chicago corn closed moderately lower to steady. JUL13 HI 6.47 DEC13 HI 5.21 1/2 LOW 6.32 1/2 LOW 5.12 CLOSE6.40 Down 9 1/2 CLOSE 5.20 1/4 Unchanged 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 5.95 234.24 -0.80 4.40 173.32 CK High -0.30 6.10 240.15 -0.70 4.50 177.26 CK Avg -0.41 -0.59 5.99 235.88 -0.76 -0.90 4.44 174.96 Essex Cty -0.35 6.05 238.18 -0.75 4.45 175.29 Mdsx Low -0.45 5.95 234.24 -0.80 4.40 173.32 Mdsx High -0.45 5.95 234.24 -0.75 4.45 175.29 Mdsx Avg -0.45 -0.63 5.95 234.24 -0.78 -0.92 4.43 174.30 Hensall -0.45 5.95 234.24 -0.78 4.43 174.30 Bruce -0.45 5.95 234.24 -0.80 4.40 173.32 Putnam N/A -0.70 4.50 177.26 Burford -0.45 5.95 234.24 -0.75 4.45 175.29 Port Perry -0.45 5.95 234.24 -0.80 4.40 173.32 Norfolk -0.50 5.90 232.27 -0.75 4.45 175.29 Palmerston -0.45 5.95 234.24 -0.75 4.45 175.29 Varna -0.45 5.95 234.24 -0.75 4.45 175.29 Trenton -0.35 6.05 238.18 -0.70 4.50 177.26 Winchester -0.35 6.05 238.18 -0.50 4.70 185.13 North Gower -0.46 5.94 233.85 -0.45 4.75 187.10 Huron FOB -0.35 6.05 238.18 -0.70 4.50 177.26 Kent FOB -0.45 5.95 234.24 -0.75 4.45 175.29 Lamb FOB -0.45 5.95 234.24 -0.75 4.45 175.29 Mdsx FOB -0.45 -0.40N/A N/A 5.95 234.24 -0.75 4.45 175.29 FOB SW Que -0.03 6.37 250.78 -0.40 4.80 189.07 Track 0.03 6.43 252.94N/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 -0.02 -0.05 6.38 251.17 US Rep 0.70 0.67 7.10 279.51 Toledo El. 0.40 6.80 267.73 -0.34 4.86 191.46 TRANSFER Sarnia N/A N/A Pt. Stanley -0.40 6.00 236.21 -0.75 4.45175 2/7 Hamilton -0.14 6.26246 4/9 -0.46 4.74186 5/7 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 1.0277 up 0.0008 Chicago soybeans closed mixed. JUL13 HI 14.79 1/4 NOV13 HI 12.28 LOW 14.56 LOW 12.14 1/4 CLOSE14.78 1/4 Up 13 3/4 CLOSE 12.20 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 0.85 15.63 574.40-0.45 11.76 432.01 CK High 0.90 15.68 576.23-0.45 11.76 432.01 CK Average 0.88 0.47 15.66 575.56-0.45-0.7911.76 432.01 Essex Cty 0.95 15.73 578.07-0.31 11.90 437.16 Mdsx Low 0.86 15.64 574.76-0.45 11.76 432.01 Mdsx High 0.90 15.68 576.23-0.40 11.81 433.85 Mdsx Average 0.88 0.47 15.66 575.50-0.43-0.7611.78 432.93 Hensall 0.90 15.68 576.23-0.40 11.81 433.85 Bruce 0.90 15.68 576.23-0.45 11.76 432.01 Putnam N/A -0.50 11.71 430.18 Burford 0.86 15.64 574.76-0.43 11.78 432.75 Port Perry 0.85 15.63 574.40-0.43 11.78 432.75 Norfolk 0.88 15.66 575.50-0.43 11.78 432.75 Palmerston 0.85 15.63 574.40-0.40 11.81 433.85 Varna 0.90 15.68 576.23-0.40 11.81 433.85 Trenton 0.80 15.58 572.56-0.50 11.71 430.18 Winchester 0.75 15.53 570.72-0.24 11.97 439.73 North Gower 0.89 15.67 575.87-0.28 11.93 438.26 Huron FOB 1.02 15.80 580.64-0.30 11.91 437.53 Kent FOB 0.88 15.66 575.50-0.48 11.73 430.91 Lambton FOB 0.88 15.66 575.50-0.48 11.73 430.91 Middlesex FOB0.96 1.00 1.06 N/A 15.74 578.44-0.31 11.90 437.16 PROCESSORS Hamilton 1.30 1.35 N/A N/A 16.08 590.930.05 12.26 450.39 Windsor 1.18 1.15 1.15 N/A 15.96 586.52-0.08 12.13 445.61 Winchester N/A N/A TRANSFER Hamilton 1.26 N/A N/A N/A 16.04 589.460.00 12.21 448.55 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A 0.46 12.67 465.45 Toledo El. 0.59 15.37 564.69-0.39 11.82 434.20 Bank of Canada Noon exchange rate was 1.0277 up 0.0008 Chicago wheat closed slightly lower. JUL13 HI 6.84 1/2 JUL13 HI 6.84 1/2 LOW 6.74 LOW 6.74 CLOSE 6.80 1/2 Down 4 3/4 CLOSE 6.80 1/2 Down 4 3/4 Minni wheat closed narrowly mixed. JUL13 HI 8.18 SEP13 HI 8.01 LOW 8.02 1/2 LOW 7.90 3/4 CLOSE 8.13 1/2 Up 2 1/4 CLOSE 7.97 Down 2 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.58 -0.48 -0.58 -0.76 CAD $/bu 6.22 6.33 6.22 7.37 CAD $/tonne 228.63 232.41 228.63 270.92 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 -0.50 N/A N/A -0.95 -1.10 N/A London -0.50 -0.55 -0.60 N/A -0.55 -0.86 -1.01 N/A Hensall -0.45 N/A -0.50 N/A -0.60 N/A -1.05 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 -0.63 N/A N/A N/A -1.03 N/A Norwich -0.45 N/A -0.50 N/A -0.60 N/A -1.05 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 -1.05 N/A Chatham N/A -0.51 -0.53 N/A N/A -0.95 -0.97 N/A Brigden N/A -0.51 -0.53 N/A N/A -0.95 -0.97 N/A Palmerston N/A -0.43 -0.55 -0.43 N/A -0.70 -1.05 -0.69 Varna -0.45 -0.55 -0.55 N/A -0.60 -0.90 -1.00 N/A Mitchell -0.45 -0.55 -0.50 N/A -0.60 -0.90 -1.05 N/A Thornton N/A N/A N/A -1.34 N/A N/A N/A N/A North Gower N/A N/A N/A -0.76 N/A N/A N/A -0.70 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 0.14N/A 0.50N/A 0.09N/A Toledo El. 6.68US 6.86CA 6.68US 6.86CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.22 -0.22 -0.69 -0.70 CAD $/bu 6.58 6.58 6.12 7.27 CAD $/tonne 241.85 241.85 224.86 266.96 (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 557.45 - 566.27 DDG's FOB Srn, Wndr, Aylm 250.00