FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 31 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0636 down 0.0004 Chicago corn closed slightly lower. MAR14 HI 4.23 1/2 DEC14 HI 4.51 1/2 LOW 4.21 1/4 LOW 4.49 1/4 CLOSE4.22 Down 1 1/2 CLOSE 4.50 1/4 Down 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 3.92 154.32 -0.30 4.20 165.45 CK High -0.30 3.92 154.32 -0.30 4.20 165.45 CK Avg -0.30 -0.57 3.92 154.32 -0.30 -0.59 4.20 165.45 Essex Cty -0.30 3.92 154.32 -0.35 4.15 163.48 Mdsx Low -0.30 3.92 154.32 -0.30 4.20 165.45 Mdsx High -0.30 3.92 154.32 -0.30 4.20 165.45 Mdsx Avg -0.30 -0.57 3.92 154.32 -0.30 -0.59 4.20 165.45 Hensall -0.30 3.92 154.32 -0.30 4.20 165.45 Bruce -0.30 3.92 154.32 -0.30 4.20 165.45 Putnam -0.30 3.92 154.32 -0.30 4.20 165.45 Burford -0.30 3.92 154.32 -0.30 4.20 165.45 Port Perry -0.35 3.87 152.36 -0.35 4.15 163.48 Norfolk -0.30 3.92 154.32 -0.30 4.20 165.45 Palmerston -0.32 3.90 153.54 -0.35 4.15 163.48 Varna -0.30 3.92 154.32 -0.30 4.20 165.45 Trenton -0.30 3.92 154.32 -0.35 4.15 163.48 Winchester -0.20 4.02 158.26 -0.28 4.22 166.23 North Gower -0.29 3.93 154.72 -0.55 3.95 155.60 Huron FOB -0.25 3.97 156.29 -0.25 4.25 167.41 Kent FOB -0.30 3.92 154.32 -0.30 4.20 165.45 Lamb FOB -0.30 3.92 154.32 -0.30 4.20 165.45 Mdsx FOB -0.30 -0.30 -0.30 -0.35 3.92 154.32 -0.30 4.20 165.45 FOB SW Que 0.10 4.32 170.07 -0.20 4.30 169.38 Track 0.05 4.27 168.10N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A N/A N/A N/A N/A Sarn-Eth -0.10 -0.10 -0.10N/A 4.12 162.20N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A -0.05 -0.50 4.00 157.57 Pt.Colb-Ing N/A 0.00 -0.05 0.00 -0.45 4.05 159.54 Cardnl-Ing 0.05 0.15 -0.05 0.00 4.27 168.10 0.10 4.60 181.19 W O Feed 0.15 0.08 4.37 172.04 US Rep 0.48 0.41 4.70 185.03 Toledo El. -0.18 4.04 159.01 -0.38 4.12 162.16 TRANSFER Sarnia N/A N/A Pt. Stanley -0.30 3.92 154.32N/A Hamilton -0.05 4.17164 1/6 -0.30 4.20165 4/9 MID SD CRN -0.30 3.92 HI SD CRN -0.30 3.92 *Wet Bid Bank of Canada Noon exchange rate was 1.0636 down 0.0004 Chicago soybeans closed slightly to moderately lower. MAR14 HI 13.11 NOV14 HI 11.48 1/4 LOW 12.89 1/4 LOW 11.31 CLOSE12.92 1/2 Down 16 1/4 CLOSE 11.35 Down 11 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY14 CK Low 0.40 13.33 489.61-0.06 11.29 414.84 CK High 0.55 13.48 495.120.05 11.40 418.88 CK Average 0.44 -0.3913.37 491.20-0.03-0.7611.33 416.12 Essex Cty 0.67 13.60 499.530.18 11.53 423.65 Mdsx Low 0.45 13.38 491.45-0.03 11.32 415.94 Mdsx High 0.47 13.40 492.180.00 11.35 417.04 Mdsx Average 0.46 -0.3813.39 491.81-0.02-0.7511.34 416.49 Hensall 0.45 13.38 491.450.00 11.35 417.04 Bruce 0.45 13.38 491.450.00 11.35 417.04 Putnam 0.50 13.43 493.280.05 11.40 418.88 Burford 0.50 13.43 493.280.00 11.35 417.04 Port Perry 0.47 13.40 492.18-0.06 11.29 414.84 Norfolk 0.47 13.40 492.18-0.01 11.34 416.67 Palmerston 0.40 13.33 489.610.00 11.35 417.04 Varna 0.45 13.38 491.450.00 11.35 417.04 Trenton 0.40 13.33 489.61-0.05 11.30 415.20 Winchester 0.60 13.53 496.960.35 11.70 429.90 North Gower 0.52 13.45 494.020.12 11.47 421.45 Huron FOB 0.45 13.38 491.450.00 11.35 417.04 Kent FOB 0.42 13.35 490.34-0.06 11.29 414.84 Lambton FOB 0.42 13.35 490.34-0.06 11.29 414.84 Middlesex FOB0.66 0.66 0.06 N/A 13.59 499.160.06 11.41 419.25 PROCESSORS Hamilton 1.00 1.00 0.95 1.00 13.93 511.660.45 11.80 433.58 Windsor 0.90 0.79 0.80 N/A 13.83 507.980.41 11.76 432.11 Winchester N/A N/A TRANSFER Hamilton 0.95 N/A N/A N/A 13.88 509.820.40 11.75 431.74 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.04 13.97 513.130.90 12.25 450.11 Toledo El. 0.18 13.11 481.56-0.40 10.95 402.17 Bank of Canada Noon exchange rate was 1.0636 down 0.0004 Chicago wheat closed slightly higher. MAR14 HI 6.07 1/4 JUL14 HI 6.18 3/4 LOW 5.99 LOW 6.11 1/4 CLOSE 6.05 1/4 Up 4 3/4 CLOSE 6.16 3/4 Up 4 Minni wheat closed slightly higher. MAR14 HI 6.36 1/2 SEP14 HI 6.66 1/4 LOW 6.28 LOW 6.59 CLOSE 6.35 1/4 Up 5 CLOSE 6.66 Up 5 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.09 0.18 -0.25 -0.60 CAD $/bu 5.97 6.23 5.81 5.75 CAD $/tonne 219.21 228.99 213.34 211.38 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 -0.08 -0.45 N/A London -0.35 0.19 -0.29 N/A -0.12 -0.18 -0.50 N/A Hensall 0.05 N/A -0.25 N/A -0.05 N/A -0.45 N/A Trenton N/A N/A N/A N/A N/A N/A -0.55 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 -0.52 N/A Norwich 0.05 N/A -0.25 N/A -0.05 N/A -0.45 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 0.05 N/A -0.25 N/A -0.05 N/A -0.45 N/A Chatham N/A 0.15 -0.30 N/A N/A N/A -0.45 N/A Brigden N/A 0.15 -0.30 N/A N/A N/A -0.45 N/A Palmerston N/A 0.25 -0.45 -0.31 N/A -0.01 -0.52 -0.47 Varna 0.00 0.25 -0.30 N/A -0.05 -0.10 -0.50 N/A Mitchell 0.05 0.25 -0.25 N/A -0.05 -0.05 -0.45 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 -0.55 N/A N/A N/A -0.93 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.06 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 0.98N/A 0.39N/A 0.99N/A 0.51N/A Toledo El. 5.92US 6.31CA 6.04US 6.43CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.24 0.03 -0.40 -0.53 CAD $/bu 5.93 6.19 5.77 6.13 CAD $/tonne 217.84 227.62 211.97 225.37 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 Bayport Oats 310.00 Bayport Barley 270.00 FOB Hm Soymeal 556.68 - 562.19 DDG's FOB Srn & Aylm 285.00