FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 11 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0607 down 0.0016 Chicago corn closed slightly higher. MAR14 HI 4.39 3/4 DEC14 HI 4.67 1/2 LOW 4.34 1/4 LOW 4.63 CLOSE4.39 1/4 Up 3 1/4 CLOSE 4.67 1/4 Up 2 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 -0.35 4.04 159.15 -0.45 4.22 166.23 CK High -0.30 4.09 161.11 -0.35 4.32 170.17 CK Avg -0.34 -0.61 4.06 159.67 -0.37 -0.66 4.30 169.38 Essex Cty -0.35 4.04 159.15 -0.40 4.27 168.20 Mdsx Low -0.35 4.04 159.15 -0.35 4.32 170.17 Mdsx High -0.35 4.04 159.15 -0.35 4.32 170.17 Mdsx Avg -0.35 -0.62 4.04 159.15 -0.35 -0.64 4.32 170.17 Hensall -0.35 4.04 159.15 -0.35 4.32 170.17 Bruce -0.35 4.04 159.15 -0.35 4.32 170.17 Putnam N/A -0.35 4.32 170.17 Burford -0.35 4.04 159.15 -0.35 4.32 170.17 Port Perry -0.35 4.04 159.15 -0.35 4.32 170.17 Norfolk -0.32 4.07 160.33 -0.37 4.30 169.38 Palmerston -0.30 4.09 161.11 -0.40 4.27 168.20 Varna -0.30 4.09 161.11 -0.40 4.27 168.20 Trenton -0.25 4.14 163.08 -0.40 4.27 168.20 Winchester -0.15 4.24 167.02 -0.30 4.37 172.14 North Gower -0.30 4.09 161.11 -0.60 4.07 160.33 Huron FOB -0.30 4.09 161.11 -0.30 4.37 172.14 Kent FOB -0.32 4.07 160.33 -0.37 4.30 169.38 Lamb FOB -0.32 4.07 160.33 -0.37 4.30 169.38 Mdsx FOB -0.30 -0.30 -0.30 -0.35 4.09 161.11 -0.35 4.32 170.17 FOB SW Que 0.05 4.44 174.89N/A Track 0.08 4.47 175.88N/A PROCESSORS Chat-Eth -0.20 -0.15 -0.10 -0.15 4.19 165.05N/A Jhnstwn-Eth 0.10 0.05 0.00 -0.05 4.49 176.86 0.05 4.72 185.92 Aylmer-Eth N/A N/A N/A N/A N/A Sarn-Eth N/A -0.10 -0.10 -0.10 N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A N/A -0.50 4.17 164.26 Pt.Colb-Ing N/A 0.05 0.00 -0.05 0.10 4.77 187.89 Cardnl-Ing 0.05 0.05 0.00 -0.05 4.44 174.89 0.05 4.72 185.92 W O Feed 0.16 0.10 4.55 179.22 US Rep 0.45 0.39 4.84 190.64 Toledo El. -0.21 4.18 164.56 -0.38 4.29 168.90 TRANSFER Sarnia N/A N/A Pt. Stanley -0.30 4.09 161.11N/A Hamilton 0.00 4.39173 N/A MID SD CRN -0.32 1/2 4.06 3/4 HI SD CRN -0.30 4.09 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0607 down 0.0016 Chicago soybeans closed steady to slightly higher. JAN14 HI 13.45 1/2 NOV14 HI 11.68 3/4 LOW 13.34 1/2 LOW 11.64 CLOSE13.44 Up 5 3/4 CLOSE 11.67 1/4 Unchanged OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR14 CK Low 0.30 13.74 504.86-0.10 11.57 425.22 CK High 0.35 13.79 506.70-0.05 11.62 427.05 CK Average 0.34 -0.5013.78 506.21-0.08-0.8011.60 426.14 Essex Cty 0.44 13.88 510.000.24 11.91 437.71 Mdsx Low 0.30 13.74 504.86-0.12 11.55 424.48 Mdsx High 0.35 13.79 506.70-0.05 11.62 427.05 Mdsx Average 0.33 -0.5113.77 505.78-0.09-0.8111.59 425.77 Hensall 0.35 13.79 506.70-0.08 11.60 426.14 Bruce 0.35 13.79 506.70-0.05 11.62 427.05 Putnam N/A -0.05 11.62 427.05 Burford 0.33 13.77 505.96-0.09 11.58 425.58 Port Perry 0.30 13.74 504.86-0.15 11.52 423.38 Norfolk 0.37 13.81 507.43-0.05 11.62 427.05 Palmerston 0.40 13.84 508.53-0.05 11.62 427.05 Varna 0.40 13.84 508.53-0.05 11.62 427.05 Trenton 0.25 13.69 503.02-0.10 11.57 425.22 Winchester 0.45 13.89 510.370.20 11.87 436.24 North Gower 0.37 13.81 507.43-0.08 11.59 425.95 Huron FOB 0.35 13.79 506.70-0.10 11.57 425.22 Kent FOB 0.32 13.76 505.59-0.10 11.57 425.22 Lambton FOB 0.32 13.76 505.59-0.10 11.57 425.22 Middlesex FOB0.42 0.65 0.65 0.65 13.86 509.270.01 11.68 429.26 PROCESSORS Hamilton 0.85 0.85 1.00 1.05 14.29 525.070.40 12.07 443.59 Windsor 0.67 0.68 0.79 0.79 14.11 518.450.47 12.14 446.16 Winchester N/A N/A TRANSFER Hamilton 0.80 N/A N/A N/A 14.24 523.23 N/A Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.00 14.44 530.58 N/A Toledo El. 0.05 13.49 495.79-0.40 11.27 414.06 Bank of Canada Noon exchange rate was 1.0607 down 0.0016 Chicago wheat closed slightly higher. MAR14 HI 6.43 1/2 JUL14 HI 6.47 1/2 LOW 6.35 1/4 LOW 6.40 1/2 CLOSE 6.40 3/4 Up 2 CLOSE 6.46 1/2 Up 4 1/4 Minni wheat closed slightly higher. MAR14 HI 6.70 1/4 SEP14 HI 6.99 1/2 LOW 6.66 1/4 LOW 6.95 1/4 CLOSE 6.68 1/2 Up 1/2 CLOSE 6.97 1/2 Up 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.24 -0.03 -0.35 -0.59 CAD $/bu 6.17 6.38 6.06 6.09 CAD $/tonne 226.60 234.40 222.70 223.77 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 -0.15 -0.50 N/A London -0.45 0.18 -0.40 N/A -0.25 -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 -0.60 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A -0.25 N/A N/A N/A -0.51 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 0.10 -0.40 N/A N/A N/A -0.50 N/A Brigden N/A 0.10 -0.40 N/A N/A N/A -0.50 N/A Palmerston N/A 0.23 -0.46 -0.32 N/A -0.12 -0.65 -0.49 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 -0.31 N/A N/A N/A N/A North Gower N/A N/A N/A -0.57 N/A N/A N/A -0.91 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.10 N/A N/A N/A -0.29 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 1.03N/A 0.29N/A 1.04N/A 0.51N/A Toledo El. 6.24US 6.62CA 6.34US 6.73CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.24 -0.02 -0.45 -0.58 CAD $/bu 6.23 6.44 6.02 6.40 CAD $/tonne 228.84 236.65 221.04 235.09 (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 578.61 - 591.84 DDG's FOB Srn & Aylm 270.00