FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, November 25 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0554 up 0.0019 Chicago corn closed slightly higher. DEC13 HI 4.26 1/2 DEC14 HI 4.60 1/2 LOW 4.22 1/4 LOW 4.57 1/2 CLOSE4.24 3/4 Up 2 1/2 CLOSE 4.59 Up 1 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR14+MAR14+MAR14 CK Low -0.25 4.00 157.37 -0.40 4.19 164.95 CK High -0.23 4.02 158.16 -0.40 4.19 164.95 CK Avg -0.24 -0.48 4.00 157.64 -0.40 -0.66 4.19 164.95 Essex Cty -0.30 3.95 155.41 -0.45 4.14 162.98 Mdsx Low -0.25 4.00 157.37 -0.40 4.19 164.95 Mdsx High -0.20 4.05 159.34 -0.40 4.19 164.95 Mdsx Avg -0.23 -0.46 4.02 158.36 -0.40 -0.66 4.19 164.95 Hensall -0.20 4.05 159.34 -0.43 4.17 163.97 Bruce -0.25 4.00 157.37 -0.40 4.19 164.95 Putnam -0.35 3.90 153.44 -0.65 3.94 155.11 Burford -0.25 4.00 157.37 -0.40 4.19 164.95 Port Perry -0.35 3.90 153.44 -0.40 4.19 164.95 Norfolk -0.30 3.95 155.41 -0.40 4.19 164.95 Palmerston -0.25 4.00 157.37 -0.50 4.09 161.02 Varna -0.20 4.05 159.34 -0.40 4.19 164.95 Trenton -0.25 4.00 157.37 -0.50 4.09 161.02 Winchester N/A N/A North Gower -0.40 3.85 151.47N/A Huron FOB -0.10 4.15 163.28 -0.40 4.19 164.95 Kent FOB -0.30 3.95 155.41 -0.40 4.19 164.95 Lamb FOB -0.30 3.95 155.41 -0.40 4.19 164.95 Mdsx FOB -0.25 -0.20 -0.20N/A 4.00 157.37 -0.40 4.19 164.95 FOB SW Que 0.07 4.32 169.97N/A Track 0.10 4.35 171.15N/A PROCESSORS Chat-Eth -0.55 -0.35 -0.30 -0.25 3.70 145.56N/A Jhnstwn-Eth N/A -0.20 -0.30 -0.25 N/A Aylmer-Eth -0.55 -0.35 -0.30 -0.25 3.70 145.56 N/A Sarn-Eth -0.20 -0.10 -0.10 -0.10 4.05 159.34N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A -0.10 -0.05 N/A Pt.Colb-Ing -0.05 -0.25 -0.05 0.00 4.20 165.25N/A Cardnl-Ing -0.05 0.15 -0.05 0.00 4.20 165.25N/A W O Feed 0.14 0.08 4.39 172.73 US Rep 0.30 0.24 4.55 179.03 Toledo El. -0.07 4.17 164.31 -0.38 4.21 165.73 TRANSFER Sarnia N/A N/A Pt. Stanley -0.23 4.02 158.16N/A Hamilton 0.07 4.32170 N/A MID SD CRN -0.24 4.00 3/4 HI SD CRN -0.23 4.01 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0554 up 0.0019 Chicago soybeans closed mixed. JAN14 HI 13.34 1/2 NOV14 HI 11.67 LOW 13.09 1/4 LOW 11.54 3/4 CLOSE13.29 1/4 Up 9 3/4 CLOSE 11.61 1/4 Down 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR14 CK Low 0.30 13.59 499.44-0.25 11.36 417.50 CK High 0.36 13.65 501.64-0.20 11.41 419.34 CK Average 0.32 -0.4313.61 500.23-0.23-0.8811.38 418.30 Essex Cty 0.53 13.82 507.890.05 11.66 428.52 Mdsx Low 0.29 13.58 499.07-0.20 11.41 419.34 Mdsx High 0.30 13.59 499.44-0.19 11.42 419.71 Mdsx Average 0.30 -0.4513.59 499.26-0.20-0.8511.42 419.52 Hensall 0.33 13.62 500.36-0.20 11.41 419.34 Bruce 0.30 13.59 499.44-0.20 11.41 419.34 Putnam 0.30 13.59 499.44-0.25 11.36 417.50 Burford 0.32 13.61 500.17-0.16 11.45 420.81 Port Perry 0.29 13.58 499.07-0.19 11.42 419.71 Norfolk 0.32 13.61 500.17-0.20 11.41 419.34 Palmerston 0.25 13.54 497.60-0.25 11.36 417.50 Varna 0.30 13.59 499.44-0.20 11.41 419.34 Trenton 0.20 13.49 495.76-0.25 11.36 417.50 Winchester 0.37 13.66 502.01-0.02 11.59 425.95 North Gower 0.48 13.77 506.05 N/A Huron FOB 0.45 13.74 504.95-0.45 11.16 410.15 Kent FOB 0.32 13.61 500.17-0.25 11.36 417.50 Lambton FOB 0.32 13.61 500.17-0.25 11.36 417.50 Middlesex FOB0.64 N/A N/A N/A 13.93 511.93-0.10 11.51 423.01 PROCESSORS Hamilton 0.85 0.90 0.75 N/A 14.14 519.650.26 11.87 436.24 Windsor 0.76 0.77 0.78 0.74 14.05 516.340.28 11.89 436.97 Winchester N/A N/A TRANSFER Hamilton 1.00 N/A N/A N/A 14.29 525.16 N/A Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.05 14.34 527.00 N/A Toledo El. -0.02 13.27 487.64-0.51 11.11 408.05 Bank of Canada Noon exchange rate was 1.0554 up 0.0019 Chicago wheat closed slightly higher. DEC13 HI 6.55 JUL14 HI 6.64 1/2 LOW 6.50 1/4 LOW 6.58 1/4 CLOSE 6.52 1/2 Up 3 CLOSE 6.61 1/2 Up 2 1/2 Minni wheat closed narrowly mixed. DEC13 HI 7.03 3/4 SEP14 HI 7.24 3/4 LOW 6.98 3/4 LOW 7.20 3/4 CLOSE 7.00 3/4 Up 1 1/2 CLOSE 7.21 1/2 Down 1 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.27 -0.16 -0.42 -0.56 CAD $/bu 6.26 6.36 6.10 6.45 CAD $/tonne 229.99 233.87 224.17 237.07 Direct MarkHarvest 2013 Harvest 2014 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 N/A N/A N/A N/A -0.70 N/A London -0.70 -0.07 -0.54 N/A -0.28 -0.28 -0.64 N/A Hensall -0.25 N/A -0.55 N/A -0.20 N/A -0.70 N/A Trenton N/A N/A N/A N/A N/A N/A -0.75 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A -0.57 N/A N/A N/A -0.52 N/A Norwich -0.25 N/A -0.55 N/A -0.20 N/A -0.70 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.25 N/A -0.55 N/A -0.20 N/A -0.70 N/A Chatham N/A -0.70 -0.60 N/A N/A N/A -0.70 N/A Brigden N/A -0.70 -0.60 N/A N/A N/A -0.70 N/A Palmerston N/A 0.08 -0.50 -0.50 N/A -0.23 -0.65 -0.60 Varna -0.25 0.15 -0.50 N/A -0.25 -0.25 -0.65 N/A Mitchell -0.25 0.15 -0.55 N/A -0.20 -0.25 -0.70 N/A Thornton N/A N/A N/A -0.33 N/A N/A N/A N/A North Gower N/A N/A N/A -0.58 N/A N/A N/A N/A 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 -0.32 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 0.32N/A 1.01N/A 0.48N/A Toledo El. 6.37US 6.72CA 6.49US 6.85CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.26 -0.05 -0.47 -0.60 CAD $/bu 6.35 6.57 6.14 6.62 CAD $/tonne 233.48 241.24 225.72 243.19 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 310.00 Bayport Oats 290.00 Bayport Barley 270.00 FOB Hm Soymeal 574.53 - 580.05 DDG's FOB Srn & Aylm 240.00