FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 24 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0323 up 0.0013 Chicago corn closed mixed. JUL13 HI 6.64 3/4 DEC13 HI 5.36 3/4 LOW 6.55 1/2 LOW 5.27 CLOSE6.57 1/4 Down 4 3/4 CLOSE 5.36 1/2 Up 1 3/4 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 6.12 241.03 -0.75 4.62 181.68 CK High -0.30 6.27 246.94 -0.70 4.67 183.65 CK Avg -0.42 -0.63 6.16 242.34 -0.74 -0.92 4.62 182.01 Essex Cty -0.40 6.17 243.00 -0.75 4.62 181.68 Mdsx Low -0.45 6.12 241.03 -0.75 4.62 181.68 Mdsx High -0.45 6.12 241.03 -0.75 4.62 181.68 Mdsx Avg -0.45 -0.66 6.12 241.03 -0.75 -0.92 4.62 181.68 Hensall -0.45 6.12 241.03 -0.75 4.62 181.68 Bruce -0.45 6.12 241.03 -0.75 4.62 181.68 Putnam N/A -0.70 4.67 183.65 Burford -0.45 6.12 241.03 -0.75 4.62 181.68 Port Perry -0.45 6.12 241.03 -0.80 4.57 179.72 Norfolk -0.50 6.07 239.06 -0.75 4.62 181.68 Palmerston -0.45 6.12 241.03 -0.75 4.62 181.68 Varna -0.45 6.12 241.03 -0.75 4.62 181.68 Trenton -0.35 6.22 244.97 -0.70 4.67 183.65 Winchester -0.35 6.22 244.97 -0.50 4.87 191.53 North Gower -0.51 6.06 238.67 -0.45 4.92 193.49 Huron FOB -0.35 6.22 244.97 -0.70 4.67 183.65 Kent FOB -0.45 6.12 241.03 -0.75 4.62 181.68 Lamb FOB -0.45 6.12 241.03 -0.75 4.62 181.68 Mdsx FOB -0.45 -0.45N/A N/A 6.12 241.03 -0.75 4.62 181.68 FOB SW Que -0.09 6.48 255.20 -0.36 5.01 197.04 Track 0.00 6.57 258.75N/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 4.82 189.56 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 4.87 191.53 Pt.Colb-Ing N/A N/A N/A 0.80 -0.45 4.92 193.49 Cardnl-Ing N/A N/A N/A N/A -0.45 4.92 193.49 W O Feed 0.02 -0.01 6.59 259.54 US Rep 0.70 0.67 7.27 286.31 Toledo El. 0.40 6.98 274.60 -0.34 5.02 197.80 TRANSFER Sarnia N/A N/A Pt. Stanley -0.45 6.12 241.03 -0.75 4.62181 2/3 Hamilton 0.00 6.57258 3/4 -0.42 4.95194 2/3 MID SD CRN -0.72 1/2 4.64 HI SD CRN -0.70 4.66 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0323 up 0.0013 Chicago soybeans closed mixed. JUL13 HI 15.05 3/4 NOV13 HI 12.50 LOW 14.71 1/4 LOW 12.39 1/4 CLOSE14.76 1/4 Down 23 1/4 CLOSE 12.47 3/4 Up 4 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG13 CK Low 0.52 15.28 561.54-0.50 11.98 440.10 CK High 0.65 15.41 566.31-0.35 12.13 445.61 CK Average 0.57 0.09 15.33 563.25-0.45-0.8512.03 441.93 Essex Cty 0.64 15.40 565.94-0.23 12.25 450.02 Mdsx Low 0.54 15.30 562.27-0.45 12.03 441.93 Mdsx High 0.55 15.31 562.64-0.44 12.04 442.30 Mdsx Average 0.55 0.07 15.31 562.45-0.45-0.8512.03 442.12 Hensall 0.58 15.34 563.56-0.43 12.05 442.85 Bruce 0.55 15.31 562.64-0.45 12.03 441.93 Putnam N/A -0.50 11.98 440.10 Burford 0.57 15.33 563.37-0.45 12.03 441.93 Port Perry 0.56 15.32 563.01-0.42 12.06 443.04 Norfolk 0.57 15.33 563.37-0.40 12.08 443.77 Palmerston 0.60 15.36 564.48-0.40 12.08 443.77 Varna 0.60 15.36 564.48-0.40 12.08 443.77 Trenton 0.45 15.21 558.96-0.45 12.03 441.93 Winchester 0.42 15.18 557.86-0.34 12.14 445.98 North Gower 0.46 15.22 559.33-0.28 12.20 448.18 Huron FOB 0.72 15.48 568.88-0.30 12.18 447.45 Kent FOB 0.52 15.28 561.54-0.45 12.03 441.93 Lambton FOB 0.52 15.28 561.54-0.45 12.03 441.93 Middlesex FOB0.63 0.63 0.63 N/A 15.39 565.58-0.30 12.18 447.45 PROCESSORS Hamilton 0.98 0.99 N/A N/A 15.74 578.440.07 12.55 461.04 Windsor 0.87 0.82 0.83 N/A 15.63 574.400.00 12.48 458.47 Winchester N/A N/A TRANSFER Hamilton 0.85 N/A N/A N/A 15.61 573.660.10 12.58 462.14 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 14.76 542.430.55 13.03 478.68 Toledo El. 0.18 14.94 548.88-0.39 12.09 444.05 Bank of Canada Noon exchange rate was 1.0323 up 0.0013 Chicago wheat closed slightly lower. JUL13 HI 7.07 1/2 JUL13 HI 7.07 1/2 LOW 6.96 1/4 LOW 6.96 1/4 CLOSE 6.97 1/2 Down 5 3/4 CLOSE 6.97 1/2 Down 5 3/4 Minni wheat closed slightly lower. JUL13 HI 8.15 3/4 SEP13 HI 8.06 LOW 8.05 LOW 7.98 1/2 CLOSE 8.05 3/4 Down 7 1/2 CLOSE 7.99 1/4 Down 5 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.55 -0.44 -0.55 -0.73 CAD $/bu 6.43 6.53 6.43 7.33 CAD $/tonne 236.14 239.94 236.14 269.24 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 -0.18 -0.53 -0.58 N/A -0.53 -0.84 -1.00 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 -0.59 N/A N/A N/A -0.99 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 -0.51 -0.35 N/A -0.65 -1.11 -0.64 Varna -0.45 -0.50 -0.50 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 -1.06 N/A N/A N/A N/A North Gower N/A N/A N/A -0.74 N/A N/A N/A -0.68 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.15 N/A N/A N/A -0.62 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 0.54N/A 0.12N/A Toledo El. 6.85US 7.07CA 6.85US 7.07CA 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 -0.65 -0.67 CAD $/bu 6.79 6.79 6.32 7.32 CAD $/tonne 249.42 249.42 232.35 269.05 (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 545.87 - 560.20 DDG's FOB Srn & Aylm 250.00