FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 31 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0339 up 0.0030 Chicago corn closed slightly to moderately higher. JUL13 HI 6.65 3/4 DEC13 HI 5.73 LOW 6.52 1/4 LOW 5.57 3/4 CLOSE6.62 Up 7 3/4 CLOSE 5.67 1/4 Up 4 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP13+SEP13+DEC13 CK Low -0.35 6.27 246.84 -0.75 4.92 193.79 CK High -0.30 6.32 248.81 -0.70 4.97 195.76 CK Avg -0.33 -0.57 6.30 247.82 -0.74 -0.95 4.93 194.12 Essex Cty -0.20 6.42 252.74 -0.75 4.92 193.79 Mdsx Low -0.35 6.27 246.84 -0.75 4.92 193.79 Mdsx High -0.30 6.32 248.81 -0.75 4.92 193.79 Mdsx Avg -0.33 -0.57 6.30 247.82 -0.75 -0.96 4.92 193.79 Hensall -0.35 6.27 246.84 -0.75 4.92 193.79 Bruce -0.40 6.22 244.87 -0.75 4.92 193.79 Putnam N/A -0.70 4.97 195.76 Burford -0.40 6.22 244.87 -0.75 4.92 193.79 Port Perry -0.40 6.22 244.87 -0.75 4.92 193.79 Norfolk -0.40 6.22 244.87 -0.75 4.92 193.79 Palmerston -0.40 6.22 244.87 -0.75 4.92 193.79 Varna -0.40 6.22 244.87 -0.75 4.92 193.79 Trenton -0.35 6.27 246.84 -0.75 4.92 193.79 Winchester -0.35 6.27 246.84 -0.50 5.17 203.63 North Gower -0.50 6.12 240.93 -0.59 5.08 200.09 Huron FOB -0.30 6.32 248.81 -0.70 4.97 195.76 Kent FOB -0.35 6.27 246.84 -0.75 4.92 193.79 Lamb FOB -0.35 6.27 246.84 -0.75 4.92 193.79 Mdsx FOB -0.30 -0.30N/A N/A 6.32 248.81 -0.75 4.92 193.79 FOB SW Que -0.20 6.42 252.74 -0.50 5.17 203.63 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 -0.25 0.50 0.55 0.70 6.37 250.78 -0.55 5.12 201.66 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 5.17 203.63 Pt.Colb-Ing N/A N/A N/A 0.80 -0.45 5.22 205.60 Cardnl-Ing N/A N/A N/A N/A -0.45 5.22 205.60 W O Feed 0.07 0.03 6.69 263.37 US Rep 0.62 0.58 7.24 285.03 Toledo El. 0.40 7.02 276.54 -0.34 5.33 209.84 TRANSFER Sarnia N/A N/A Pt. Stanley -0.40 6.22 244.87 -0.75 4.92193 4/5 Hamilton -0.08 6.54257 1/2 -0.50 5.17203 5/8 MID SD CRN -0.72 1/2 4.94 3/4 HI SD CRN -0.70 4.97 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0339 up 0.0030 Chicago soybeans closed slightly to moderately higher. JUL13 HI 15.23 NOV13 HI 13.14 3/4 LOW 14.94 1/4 LOW 12.88 3/4 CLOSE15.10 Up 14 1/4 CLOSE 13.04 1/4 Up 15 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+AUG13 CK Low 0.36 15.46 568.06-0.50 12.54 460.86 CK High 0.55 15.65 575.04-0.30 12.74 468.21 CK Average 0.43 -0.1315.53 570.57-0.41-0.9012.63 464.04 Essex Cty 0.60 15.70 576.88-0.23 12.81 470.78 Mdsx Low 0.40 15.50 569.53-0.46 12.58 462.33 Mdsx High 0.41 15.51 569.89-0.40 12.64 464.53 Mdsx Average 0.41 -0.1615.51 569.71-0.43-0.9212.61 463.43 Hensall 0.48 15.58 572.28-0.38 12.67 465.45 Bruce 0.40 15.50 569.53-0.40 12.64 464.53 Putnam N/A -0.50 12.54 460.86 Burford 0.44 15.54 571.00-0.43 12.61 463.43 Port Perry 0.43 15.53 570.63-0.44 12.60 463.06 Norfolk 0.46 15.56 571.73-0.33 12.71 467.10 Palmerston 0.50 15.60 573.20-0.40 12.64 464.53 Varna 0.55 15.65 575.04-0.35 12.69 466.37 Trenton 0.45 15.55 571.36-0.35 12.69 466.37 Winchester 0.34 15.44 567.32-0.20 12.84 471.88 North Gower 0.53 15.63 574.30-0.18 12.86 472.62 Huron FOB 0.67 15.77 579.45-0.25 12.79 470.04 Kent FOB 0.41 15.51 569.89-0.38 12.66 465.27 Lambton FOB 0.41 15.51 569.89-0.38 12.66 465.27 Middlesex FOB0.46 0.56 N/A N/A 15.56 571.73-0.13 12.91 474.45 PROCESSORS Hamilton 1.05 1.15 N/A N/A 16.15 593.410.15 13.19 484.74 Windsor 0.83 0.68 N/A N/A 15.93 585.33-0.01 13.03 478.86 Winchester N/A N/A TRANSFER Hamilton N/A N/A N/A N/A 0.13 13.17 484.01 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 15.10 554.830.55 13.59 499.44 Toledo El. 0.07 15.17 557.50-0.39 12.65 464.75 Bank of Canada Noon exchange rate was 1.0339 up 0.0030 Chicago wheat closed slightly higher. JUL13 HI 7.07 1/2 JUL13 HI 7.07 1/2 LOW 6.92 1/2 LOW 6.92 1/2 CLOSE 7.05 1/2 Up 6 3/4 CLOSE 7.05 1/2 Up 6 3/4 Minni wheat closed slightly higher. JUL13 HI 8.25 SEP13 HI 8.13 1/4 LOW 8.10 1/4 LOW 8.01 1/4 CLOSE 8.20 Up 4 1/2 CLOSE 8.08 1/4 Up 3 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.52 -0.41 -0.52 -0.69 CAD $/bu 6.54 6.64 6.54 7.51 CAD $/tonne 240.30 244.11 240.30 275.93 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 -0.87 -1.00 N/A London -0.59 -0.49 -0.59 N/A -0.54 -0.85 -1.00 N/A Hensall -0.45 N/A -0.45 N/A -0.60 N/A -1.00 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 -0.36 N/A N/A N/A -0.98 N/A Norwich -0.45 N/A -0.45 N/A -0.60 N/A -1.00 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 -0.50 N/A -0.65 N/A -1.00 N/A Chatham N/A -0.46 -0.51 N/A N/A -0.88 -0.93 N/A Brigden N/A -0.46 -0.51 N/A N/A -0.88 -0.93 N/A Palmerston N/A -0.39 -0.52 -0.39 N/A -0.66 -1.12 -0.65 Varna -0.45 -0.50 -0.50 N/A -0.60 -0.90 -1.00 N/A Mitchell -0.45 -0.50 -0.45 N/A -0.60 -0.90 -1.00 N/A Thornton N/A N/A N/A -1.13 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 -0.22 N/A N/A N/A -0.58 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 0.21N/A 0.57N/A 0.16N/A Toledo El. 6.93US 7.18CA 6.93US 7.18CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.15 -0.26 -0.62 -0.63 CAD $/bu 6.90 6.80 6.44 7.45 CAD $/tonne 253.63 249.82 236.48 273.74 (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 320.00 Bayport Barley 320.00 FOB Hm Soymeal 566.82 - 580.05 DDG's FOB Srn & Aylm 260.00