FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 16 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0577 down 0.0018 Chicago corn closed slightly lower. MAR14 HI 4.26 1/2 DEC14 HI 4.53 1/4 LOW 4.20 1/2 LOW 4.47 1/4 CLOSE4.23 1/4 Down 2 1/4 CLOSE 4.50 1/4 Down 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 3.88 152.85 -0.45 4.05 159.54 CK High -0.32 3.91 154.03 -0.35 4.15 163.48 CK Avg -0.35 -0.60 3.89 153.04 -0.37 -0.65 4.13 162.69 Essex Cty -0.35 3.88 152.85 -0.40 4.10 161.51 Mdsx Low -0.35 3.88 152.85 -0.35 4.15 163.48 Mdsx High -0.35 3.88 152.85 -0.35 4.15 163.48 Mdsx Avg -0.35 -0.61 3.88 152.85 -0.35 -0.63 4.15 163.48 Hensall -0.35 3.88 152.85 -0.35 4.15 163.48 Bruce -0.35 3.88 152.85 -0.35 4.15 163.48 Putnam N/A -0.35 4.15 163.48 Burford -0.35 3.88 152.85 -0.35 4.15 163.48 Port Perry -0.35 3.88 152.85 -0.35 4.15 163.48 Norfolk -0.32 3.91 154.03 -0.37 4.13 162.69 Palmerston -0.35 3.88 152.85 -0.40 4.10 161.51 Varna -0.35 3.88 152.85 -0.35 4.15 163.48 Trenton -0.30 3.93 154.82 -0.40 4.10 161.51 Winchester -0.20 4.03 158.75 -0.40 4.10 161.51 North Gower -0.30 3.93 154.82 -0.60 3.90 153.63 Huron FOB -0.30 3.93 154.82 -0.30 4.20 165.45 Kent FOB -0.32 3.91 154.03 -0.37 4.13 162.69 Lamb FOB -0.32 3.91 154.03 -0.37 4.13 162.69 Mdsx FOB -0.35 -0.30 -0.30 -0.35 3.88 152.85 -0.35 4.15 163.48 FOB SW Que 0.22 4.45 175.29N/A Track 0.03 4.26 167.61N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A -0.10 -0.05 -0.05 N/A 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 4.00 157.57 Pt.Colb-Ing N/A 0.05 0.00 -0.05 0.10 4.60 181.19 Cardnl-Ing N/A 0.15 0.15 -0.05 0.10 4.60 181.19 W O Feed 0.15 0.09 4.38 172.53 US Rep 0.45 0.39 4.68 184.34 Toledo El. -0.18 4.05 159.52 -0.38 4.12 162.21 TRANSFER Sarnia N/A N/A Pt. Stanley -0.30 3.93 154.82N/A Hamilton -0.06 4.17164 1/4N/A MID SD CRN -0.33 1/2 3.89 3/4 HI SD CRN -0.32 3.91 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0577 down 0.0018 Chicago soybeans closed slightly higher. JAN14 HI 13.43 1/2 NOV14 HI 11.65 LOW 13.19 LOW 11.53 3/4 CLOSE13.37 3/4 Up 10 1/4 CLOSE 11.61 1/2 Up 3 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR14 CK Low 0.29 13.67 502.19-0.10 11.52 423.10 CK High 0.35 13.73 504.40-0.05 11.57 424.94 CK Average 0.31 -0.5113.68 502.81-0.07-0.7811.54 424.14 Essex Cty 0.42 13.80 506.970.23 11.85 435.23 Mdsx Low 0.27 13.65 501.46-0.14 11.48 421.63 Mdsx High 0.30 13.68 502.56-0.05 11.57 424.94 Mdsx Average 0.29 -0.5413.66 502.01-0.10-0.8111.52 423.29 Hensall 0.30 13.68 502.56-0.08 11.54 424.02 Bruce 0.30 13.68 502.56-0.05 11.57 424.94 Putnam N/A -0.05 11.57 424.94 Burford 0.30 13.68 502.56-0.11 11.51 422.74 Port Perry 0.27 13.65 501.46-0.14 11.48 421.63 Norfolk 0.35 13.73 504.40-0.05 11.57 424.94 Palmerston 0.30 13.68 502.56-0.05 11.57 424.94 Varna 0.40 13.78 506.24-0.05 11.57 424.94 Trenton 0.25 13.63 500.72-0.15 11.47 421.27 Winchester 0.44 13.82 507.710.19 11.81 433.76 North Gower 0.27 13.65 501.460.02 11.64 427.51 Huron FOB 0.30 13.68 502.56-0.10 11.52 423.10 Kent FOB 0.30 13.68 502.56-0.10 11.52 423.10 Lambton FOB 0.30 13.68 502.56-0.10 11.52 423.10 Middlesex FOB0.39 0.39 0.67 0.67 13.77 505.870.00 11.62 426.78 PROCESSORS Hamilton 0.80 0.80 0.95 1.00 14.18 520.930.35 11.97 439.64 Windsor 0.65 0.66 0.78 0.78 14.03 515.420.46 12.08 443.68 Winchester N/A N/A TRANSFER Hamilton 0.58 N/A N/A N/A 13.96 512.85 N/A Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.00 14.38 528.28 N/A Toledo El. 0.02 13.40 492.32-0.40 11.21 411.96 Bank of Canada Noon exchange rate was 1.0577 down 0.0018 Chicago wheat closed slightly lower. MAR14 HI 6.28 3/4 JUL14 HI 6.36 3/4 LOW 6.21 LOW 6.28 3/4 CLOSE 6.21 3/4 Down 7 CLOSE 6.29 1/4 Down 7 3/4 Minni wheat closed slightly lower. MAR14 HI 6.60 1/2 SEP14 HI 6.90 1/2 LOW 6.53 3/4 LOW 6.84 1/2 CLOSE 6.54 1/4 Down 6 1/4 CLOSE 6.85 1/4 Down 5 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.10 0.17 -0.26 -0.61 CAD $/bu 6.12 6.39 5.96 5.94 CAD $/tonne 224.92 234.67 219.07 218.10 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 -0.36 0.17 -0.41 N/A -0.14 -0.19 -0.56 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 -0.52 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 0.31 -0.38 -0.23 N/A -0.13 -0.66 -0.50 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 -0.37 N/A N/A N/A N/A North Gower N/A N/A N/A -0.61 N/A N/A N/A -0.94 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 -0.30 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 1.02N/A 0.28N/A 1.02N/A 0.49N/A Toledo El. 6.09US 6.46CA 6.16US 6.54CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.25 0.01 -0.41 -0.53 CAD $/bu 6.04 6.31 5.88 6.32 CAD $/tonne 221.99 231.74 216.15 232.13 (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 578.72 - 583.13 DDG's FOB Srn & Aylm 280.00 - 285.00