FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0696 up 0.0034 Chicago corn closed slightly higher. MAR14 HI 4.39 1/2 DEC14 HI 4.68 3/4 LOW 4.26 1/2 LOW 4.56 CLOSE4.36 1/2 Up 5 1/4 CLOSE 4.64 1/4 Up 4 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR14+MAR14+MAY14 CK Low -0.30 4.07 160.03 -0.45 4.19 165.05 CK High -0.25 4.12 162.00 -0.40 4.24 167.02 CK Avg -0.27 -0.58 4.10 161.34 -0.41 -0.74 4.23 166.69 Essex Cty -0.25 4.12 162.00 -0.40 4.24 167.02 Mdsx Low -0.25 4.12 162.00 -0.40 4.24 167.02 Mdsx High -0.25 4.12 162.00 -0.40 4.24 167.02 Mdsx Avg -0.25 -0.56 4.12 162.00 -0.40 -0.73 4.24 167.02 Hensall -0.25 4.12 162.00 -0.40 4.24 167.02 Bruce -0.30 4.07 160.03 -0.40 4.24 167.02 Putnam N/A -0.40 4.24 167.02 Burford -0.25 4.12 162.00 -0.40 4.24 167.02 Port Perry -0.35 4.02 158.06 -0.40 4.24 167.02 Norfolk -0.25 4.12 162.00 -0.40 4.24 167.02 Palmerston -0.25 4.12 162.00 -0.40 4.24 167.02 Varna -0.25 4.12 162.00 -0.40 4.24 167.02 Trenton -0.25 4.12 162.00 -0.45 4.19 165.05 Winchester N/A N/A North Gower -0.28 4.09 160.82 -0.60 4.04 159.15 Huron FOB -0.20 4.17 163.97 -0.35 4.29 168.99 Kent FOB -0.25 4.12 162.00 -0.40 4.24 167.02 Lamb FOB -0.25 4.12 162.00 -0.40 4.24 167.02 Mdsx FOB -0.20 -0.20 -0.20N/A 4.17 163.97 -0.40 4.24 167.02 FOB SW Que 0.26 4.63 182.08N/A Track 0.08 4.44 174.80N/A PROCESSORS Chat-Eth N/A -0.30 -0.25 -0.20 N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.20 -0.15 -0.10 -0.15 4.17 163.97 N/A Sarn-Eth N/A N/A N/A -0.10 N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A -0.10 -0.50 4.14 163.08 Pt.Colb-Ing N/A 0.05 0.00 -0.05 0.10 4.74 186.70 Cardnl-Ing 0.15 0.05 0.00 -0.05 4.52 177.75 0.05 4.69 184.74 W O Feed 0.14 0.07 4.51 177.35 US Rep 0.45 0.38 4.82 189.56 Toledo El. -0.21 4.15 163.41 -0.39 4.26 167.58 TRANSFER Sarnia N/A N/A Pt. Stanley -0.25 4.12 162.00N/A Hamilton 0.09 4.46175 2/5N/A MID SD CRN -0.27 1/2 4.09 HI SD CRN -0.25 4.11 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0696 up 0.0034 Chicago soybeans closed slightly higher. JAN14 HI 13.34 1/2 NOV14 HI 11.64 LOW 13.11 1/2 LOW 11.53 1/4 CLOSE13.29 1/2 Up 9 3/4 CLOSE 11.63 1/2 Up 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR14 CK Low 0.40 13.70 503.21-0.15 11.49 422.00 CK High 0.44 13.74 504.670.00 11.64 427.51 CK Average 0.41 -0.5413.70 503.45-0.10-0.9311.53 423.72 Essex Cty 0.66 13.96 512.760.21 11.85 435.23 Mdsx Low 0.39 13.69 502.84-0.14 11.50 422.37 Mdsx High 0.40 13.70 503.21-0.10 11.54 423.84 Mdsx Average 0.40 -0.5513.69 503.02-0.12-0.9511.52 423.10 Hensall 0.40 13.70 503.21-0.10 11.54 423.84 Bruce 0.40 13.70 503.21-0.10 11.54 423.84 Putnam N/A -0.20 11.44 420.16 Burford 0.42 13.72 503.94-0.11 11.53 423.47 Port Perry 0.39 13.69 502.84-0.14 11.50 422.37 Norfolk 0.45 13.75 505.04-0.10 11.54 423.84 Palmerston 0.40 13.70 503.21-0.15 11.49 422.00 Varna 0.40 13.70 503.21-0.10 11.54 423.84 Trenton 0.30 13.60 499.53-0.15 11.49 422.00 Winchester 0.49 13.79 506.510.07 11.71 430.09 North Gower 0.37 13.67 502.10-0.03 11.61 426.41 Huron FOB 0.40 13.70 503.21-0.05 11.59 425.68 Kent FOB 0.40 13.70 503.21-0.15 11.49 422.00 Lambton FOB 0.40 13.70 503.21-0.15 11.49 422.00 Middlesex FOB0.62 0.69 0.69 N/A 13.92 511.29-0.01 11.63 427.15 PROCESSORS Hamilton 0.95 0.85 N/A N/A 14.25 523.410.35 11.99 440.37 Windsor 0.59 0.90 0.91 N/A 13.89 510.190.44 12.08 443.68 Winchester N/A N/A TRANSFER Hamilton 0.97 N/A N/A N/A 14.27 524.15 N/A Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.02 14.32 525.99 N/A Toledo El. -0.03 13.26 487.33-0.41 11.23 412.55 Bank of Canada Noon exchange rate was 1.0696 up 0.0034 Chicago wheat closed slightly lower. MAR14 HI 6.72 1/4 JUL14 HI 6.72 LOW 6.60 3/4 LOW 6.62 3/4 CLOSE 6.61 3/4 Down 6 1/2 CLOSE 6.63 1/2 Down 4 3/4 Minni wheat closed slightly to moderately lower. MAR14 HI 7.09 1/4 SEP14 HI 7.18 1/2 LOW 6.91 LOW 7.13 CLOSE 6.92 1/2 Down 12 CLOSE 7.13 3/4 Down 6 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.17 0.04 -0.28 -0.52 CAD $/bu 6.45 6.66 6.34 6.40 CAD $/tonne 236.88 244.75 232.95 235.21 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 -0.35 -0.50 N/A London -0.79 -0.15 -0.63 N/A -0.21 -0.21 -0.58 N/A Hensall -0.10 N/A -0.40 N/A 0.00 N/A -0.50 N/A Trenton N/A N/A N/A N/A N/A N/A -0.70 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A -0.50 N/A N/A N/A -0.44 N/A Norwich -0.10 N/A -0.40 N/A 0.00 N/A -0.50 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.10 N/A -0.40 N/A 0.00 N/A -0.50 N/A Chatham N/A -0.70 -0.50 N/A N/A N/A -0.55 N/A Brigden N/A -0.70 -0.50 N/A N/A N/A -0.55 N/A Palmerston N/A 0.08 -0.51 -0.43 N/A -0.15 -0.58 -0.42 Varna -0.10 0.30 -0.40 N/A -0.10 -0.10 -0.50 N/A Mitchell -0.10 0.30 -0.40 N/A 0.00 -0.05 -0.50 N/A Thornton N/A N/A N/A -0.22 N/A N/A N/A N/A North Gower N/A N/A N/A -0.58 N/A N/A N/A -0.88 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.02 N/A N/A N/A -0.25 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM -0.17N/A 0.31N/A 1.12N/A 0.58N/A Toledo El. 6.51US 6.97CA 6.51US 6.97CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.17 0.04 -0.38 -0.51 CAD $/bu 6.47 6.68 6.25 6.63 CAD $/tonne 237.57 245.44 229.70 243.57 (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 310.00 Bayport Barley 270.00 FOB Hm Soymeal 590.08 - 595.59 DDG's FOB Srn & Aylm 240.00 - 250.00