FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 5 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0638 down 0.0058 Chicago corn closed slightly lower. MAR14 HI 4.37 3/4 DEC14 HI 4.65 3/4 LOW 4.31 LOW 4.60 CLOSE4.33 1/2 Down 3 CLOSE 4.62 1/2 Down 1 3/4 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 4.04 158.85 -0.45 4.18 164.36 CK High -0.25 4.09 160.82 -0.35 4.28 168.30 CK Avg -0.28 -0.58 4.05 159.51 -0.40 -0.71 4.23 166.33 Essex Cty -0.25 4.09 160.82 -0.40 4.23 166.33 Mdsx Low -0.30 4.04 158.85 -0.40 4.23 166.33 Mdsx High -0.25 4.09 160.82 -0.40 4.23 166.33 Mdsx Avg -0.28 -0.57 4.06 159.84 -0.40 -0.71 4.23 166.33 Hensall -0.28 4.06 159.84 -0.40 4.23 166.33 Bruce -0.30 4.04 158.85 -0.40 4.23 166.33 Putnam N/A -0.40 4.23 166.33 Burford -0.30 4.04 158.85 -0.40 4.23 166.33 Port Perry -0.35 3.99 156.88 -0.40 4.23 166.33 Norfolk -0.25 4.09 160.82 -0.40 4.23 166.33 Palmerston -0.25 4.09 160.82 -0.40 4.23 166.33 Varna -0.25 4.09 160.82 -0.40 4.23 166.33 Trenton -0.25 4.09 160.82 -0.45 4.18 164.36 Winchester N/A N/A North Gower -0.30 4.04 158.85 -0.60 4.03 158.46 Huron FOB -0.25 4.09 160.82 -0.35 4.28 168.30 Kent FOB -0.25 4.09 160.82 -0.40 4.23 166.33 Lamb FOB -0.25 4.09 160.82 -0.40 4.23 166.33 Mdsx FOB -0.30 -0.25 -0.25N/A 4.04 158.85 -0.40 4.23 166.33 FOB SW Que 0.24 4.58 180.11N/A Track 0.08 4.41 173.61N/A PROCESSORS Chat-Eth -0.20 -0.15 -0.10 -0.15 4.14 162.79N/A Jhnstwn-Eth 0.10 0.05 0.00 -0.05 4.44 174.60 0.05 4.68 184.05 Aylmer-Eth -0.20 -0.15 -0.10 -0.15 4.14 162.79 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 4.13 162.39 Pt.Colb-Ing N/A 0.05 0.00 -0.05 0.10 4.73 186.02 Cardnl-Ing 0.10 0.05 0.00 -0.05 4.44 174.60 0.05 4.68 184.05 W O Feed 0.14 0.07 4.48 176.17 US Rep 0.45 0.38 4.79 188.38 Toledo El. -0.21 4.12 162.25 -0.38 4.24 166.95 TRANSFER Sarnia N/A N/A Pt. Stanley -0.25 4.09 160.82N/A Hamilton 0.07 4.41173 3/7N/A MID SD CRN -0.27 1/2 4.061 HI SD CRN -0.25 4.08 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0638 down 0.0058 Chicago soybeans closed slightly lower. JAN14 HI 13.33 NOV14 HI 11.64 1/4 LOW 13.16 LOW 11.55 CLOSE13.28 Down 1 1/2 CLOSE 11.63 Down 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR14 CK Low 0.40 13.68 502.65-0.15 11.48 421.82 CK High 0.48 13.76 505.590.00 11.63 427.33 CK Average 0.41 -0.4913.69 503.14-0.08-0.8611.55 424.51 Essex Cty 0.61 13.89 510.370.16 11.79 433.21 Mdsx Low 0.40 13.68 502.65-0.09 11.54 424.02 Mdsx High 0.44 13.72 504.12-0.05 11.58 425.49 Mdsx Average 0.42 -0.4813.70 503.39-0.07-0.8611.56 424.76 Hensall 0.40 13.68 502.65-0.15 11.48 421.82 Bruce 0.40 13.68 502.65-0.10 11.53 423.65 Putnam N/A -0.20 11.43 419.98 Burford 0.47 13.75 505.23-0.06 11.57 425.12 Port Perry 0.44 13.72 504.12-0.09 11.54 424.02 Norfolk 0.45 13.73 504.49-0.10 11.53 423.65 Palmerston 0.40 13.68 502.65-0.15 11.48 421.82 Varna 0.40 13.68 502.65-0.10 11.53 423.65 Trenton 0.30 13.58 498.98-0.15 11.48 421.82 Winchester 0.55 13.83 508.170.15 11.78 432.84 North Gower 0.43 13.71 503.76-0.01 11.62 426.96 Huron FOB 0.40 13.68 502.650.00 11.63 427.33 Kent FOB 0.40 13.68 502.65-0.15 11.48 421.82 Lambton FOB 0.40 13.68 502.65-0.15 11.48 421.82 Middlesex FOB0.63 0.69 N/A N/A 13.91 511.11-0.05 11.58 425.49 PROCESSORS Hamilton 0.95 0.85 N/A N/A 14.23 522.860.35 11.98 440.19 Windsor 0.84 0.85 0.86 0.92 14.12 518.820.39 12.02 441.66 Winchester N/A N/A TRANSFER Hamilton 0.91 N/A N/A N/A 14.19 521.39 N/A Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.96 14.24 523.23 N/A Toledo El. -0.03 13.25 486.78-0.41 11.22 412.42 Bank of Canada Noon exchange rate was 1.0638 down 0.0058 Chicago wheat closed slightly lower. MAR14 HI 6.63 JUL14 HI 6.64 1/2 LOW 6.50 3/4 LOW 6.52 1/4 CLOSE 6.52 Down 9 3/4 CLOSE 6.54 Down 9 1/2 Minni wheat closed slightly lower. MAR14 HI 6.95 SEP14 HI 7.15 LOW 6.84 LOW 7.06 1/4 CLOSE 6.84 1/4 Down 8 1/4 CLOSE 7.06 1/2 Down 7 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.20 0.01 -0.31 -0.55 CAD $/bu 6.32 6.53 6.21 6.29 CAD $/tonne 232.25 240.09 228.32 231.17 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 -0.40 0.03 -0.45 N/A -0.18 -0.18 -0.55 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 -0.53 N/A N/A N/A -0.47 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 0.06 -0.52 -0.45 N/A -0.17 -0.60 -0.43 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 -0.29 N/A N/A N/A N/A North Gower N/A N/A N/A -0.30 N/A N/A N/A -0.87 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.05 N/A N/A N/A -0.28 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM -0.20N/A 0.28N/A 1.08N/A 0.55N/A Toledo El. 6.41US 6.84CA 6.41US 6.84CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.20 0.02 -0.41 -0.54 CAD $/bu 6.34 6.56 6.13 6.53 CAD $/tonne 233.03 240.88 225.19 239.90 (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 587.65 - 593.16 DDG's FOB Srn & Aylm 240.00 - 250.00