FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 23 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.031 down 0.0023 Chicago corn closed slightly higher. JUL13 HI 6.69 3/4 DEC13 HI 5.37 1/2 LOW 6.53 LOW 5.25 1/2 CLOSE6.62 Up 3 1/2 CLOSE 5.34 3/4 Up 4 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL13+JUL13+SEP13 CK Low -0.45 6.17 242.90 -0.75 4.60 181.00 CK High -0.30 6.32 248.81 -0.70 4.65 182.96 CK Avg -0.42 -0.62 6.20 244.21 -0.74 -0.91 4.61 181.32 Essex Cty -0.40 6.22 244.87 -0.75 4.60 181.00 Mdsx Low -0.45 6.17 242.90 -0.75 4.60 181.00 Mdsx High -0.45 6.17 242.90 -0.75 4.60 181.00 Mdsx Avg -0.45 -0.66 6.17 242.90 -0.75 -0.92 4.60 181.00 Hensall -0.45 6.17 242.90 -0.75 4.60 181.00 Bruce -0.45 6.17 242.90 -0.75 4.60 181.00 Putnam N/A -0.70 4.65 182.96 Burford -0.45 6.17 242.90 -0.75 4.60 181.00 Port Perry -0.45 6.17 242.90 -0.80 4.55 179.03 Norfolk -0.50 6.12 240.93 -0.75 4.60 181.00 Palmerston -0.45 6.17 242.90 -0.75 4.60 181.00 Varna -0.45 6.17 242.90 -0.75 4.60 181.00 Trenton -0.35 6.27 246.84 -0.70 4.65 182.96 Winchester -0.35 6.27 246.84 -0.50 4.85 190.84 North Gower -0.47 6.15 242.11 -0.45 4.90 192.81 Huron FOB -0.35 6.27 246.84 -0.70 4.65 182.96 Kent FOB -0.45 6.17 242.90 -0.75 4.60 181.00 Lamb FOB -0.45 6.17 242.90 -0.75 4.60 181.00 Mdsx FOB -0.45 -0.45N/A N/A 6.17 242.90 -0.75 4.60 181.00 FOB SW Que -0.09 6.53 257.07 -0.37 4.98 195.96 Track 0.03 6.65 261.60N/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 4.80 188.87 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 0.90 -0.50 4.85 190.84 Pt.Colb-Ing N/A N/A N/A 0.80 -0.45 4.90 192.81 Cardnl-Ing N/A N/A N/A N/A -0.45 4.90 192.81 W O Feed 0.02 -0.01 6.64 261.41 US Rep 0.70 0.67 7.32 288.18 Toledo El. 0.40 7.02 276.45 -0.34 5.01 197.13 TRANSFER Sarnia N/A N/A Pt. Stanley -0.45 6.17 242.90 -0.75 4.60181 Hamilton -0.10 6.52256 2/3 -0.43 4.92193 3/5 MID SD CRN -0.72 1/2 4.62 1/4 HI SD CRN -0.70 4.64 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.031 down 0.0023 Chicago soybeans closed slightly to moderately higher. JUL13 HI 15.46 3/4 NOV13 HI 12.52 1/4 LOW 14.87 1/2 LOW 12.33 CLOSE14.99 1/2 Up 5 1/4 CLOSE 12.43 Up 4 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG13 CK Low 0.63 15.63 574.12-0.50 11.93 438.35 CK High 0.75 15.75 578.53-0.35 12.08 443.86 CK Average 0.69 0.22 15.68 576.20-0.45-0.8311.98 440.25 Essex Cty 0.59 15.59 572.65-0.26 12.17 447.17 Mdsx Low 0.75 15.75 578.53-0.45 11.98 440.19 Mdsx High 0.75 15.75 578.53-0.45 11.98 440.19 Mdsx Average 0.75 0.28 15.75 578.53-0.45-0.8411.98 440.19 Hensall 0.73 15.72 577.61-0.43 12.01 441.11 Bruce 0.75 15.75 578.53-0.40 12.03 442.03 Putnam N/A -0.50 11.93 438.35 Burford 0.75 15.75 578.53-0.42 12.01 441.29 Port Perry 0.68 15.68 575.96-0.46 11.97 439.82 Norfolk 0.63 15.63 574.12-0.40 12.03 442.03 Palmerston 0.70 15.70 576.69-0.40 12.03 442.03 Varna 0.90 15.90 584.04-0.40 12.03 442.03 Trenton 0.60 15.60 573.02-0.45 11.98 440.19 Winchester 0.53 15.53 570.45-0.25 12.18 447.54 North Gower 0.89 15.89 583.67-0.28 12.15 446.44 Huron FOB 0.82 15.82 581.10-0.30 12.13 445.70 Kent FOB 0.63 15.63 574.12-0.45 11.98 440.19 Lambton FOB 0.63 15.63 574.12-0.45 11.98 440.19 Middlesex FOB0.78 0.85 0.88 N/A 15.78 579.63-0.29 12.14 446.07 PROCESSORS Hamilton 0.98 0.99 N/A N/A 15.98 586.980.07 12.50 459.30 Windsor 0.82 0.77 0.78 N/A 15.82 581.10-0.03 12.40 455.62 Winchester N/A N/A TRANSFER Hamilton 0.80 N/A N/A N/A 15.80 580.370.07 12.50 459.30 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 15.00 550.970.53 12.96 476.20 Toledo El. 0.38 15.38 564.99-0.39 12.04 442.33 Bank of Canada Noon exchange rate was 1.031 down 0.0023 Chicago wheat closed moderately higher. JUL13 HI 7.09 JUL13 HI 7.09 LOW 6.87 LOW 6.87 CLOSE 7.03 1/4 Up 14 3/4 CLOSE 7.03 1/4 Up 14 3/4 Minni wheat closed slightly higher. JUL13 HI 8.22 1/2 SEP13 HI 8.13 LOW 8.07 LOW 7.97 CLOSE 8.13 1/4 Up 5 1/2 CLOSE 8.05 Up 7 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.56 -0.45 -0.56 -0.74 CAD $/bu 6.48 6.58 6.48 7.40 CAD $/tonne 238.01 241.79 238.01 271.72 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 -0.90 -1.05 N/A London -0.47 -0.52 -0.57 N/A -0.52 -0.83 -0.98 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 -1.18 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.88 Essex N/A N/A -0.60 N/A N/A N/A -1.00 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 -0.48 -0.53 N/A N/A -0.93 -0.98 N/A Brigden N/A -0.48 -0.53 N/A N/A -0.93 -0.98 N/A Palmerston N/A -0.38 -0.50 -0.37 N/A -0.64 -0.89 -0.63 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 -1.11 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 0.00 N/A N/A N/A -0.64 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 0.17N/A 0.53N/A 0.12N/A Toledo El. 6.90US 7.12CA 6.90US 7.12CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.19 -0.19 -0.66 -0.68 CAD $/bu 6.84 6.84 6.37 7.37 CAD $/tonne 251.27 251.27 234.22 270.87 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 340.00 - 347.00 Bayport Oats 315.00 Bayport Barley 320.00 FOB Hm Soymeal 555.57 - 564.39 DDG's FOB Srn & Aylm 250.00