FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0633 down 0.0003 Chicago corn closed slightly lower. MAR14 HI 4.27 1/4 DEC14 HI 4.54 1/2 LOW 4.18 1/2 LOW 4.46 CLOSE4.20 1/2 Down 1 1/2 CLOSE 4.48 1/4 Down 2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR14+MAY14+MAY14 CK Low -0.30 3.91 153.73 -0.30 4.18 164.66 CK High -0.30 3.91 153.73 -0.30 4.18 164.66 CK Avg -0.30 -0.59 3.91 153.73 -0.30 -0.61 4.18 164.66 Essex Cty -0.30 3.91 153.73 -0.35 4.13 162.69 Mdsx Low -0.30 3.91 153.73 -0.30 4.18 164.66 Mdsx High -0.30 3.91 153.73 -0.30 4.18 164.66 Mdsx Avg -0.30 -0.59 3.91 153.73 -0.30 -0.61 4.18 164.66 Hensall -0.30 3.91 153.73 -0.30 4.18 164.66 Bruce -0.30 3.91 153.73 -0.30 4.18 164.66 Putnam N/A -0.30 4.18 164.66 Burford -0.30 3.91 153.73 -0.30 4.18 164.66 Port Perry -0.35 3.86 151.76 -0.35 4.13 162.69 Norfolk -0.30 3.91 153.73 -0.30 4.18 164.66 Palmerston -0.30 3.91 153.73 -0.35 4.13 162.69 Varna -0.30 3.91 153.73 -0.30 4.18 164.66 Trenton -0.35 3.86 151.76 -0.35 4.13 162.69 Winchester -0.20 4.01 157.67 -0.28 4.20 165.45 North Gower -0.29 3.92 154.13 -0.55 3.93 154.82 Huron FOB -0.18 4.03 158.46 -0.30 4.18 164.66 Kent FOB -0.30 3.91 153.73 -0.30 4.18 164.66 Lamb FOB -0.30 3.91 153.73 -0.30 4.18 164.66 Mdsx FOB -0.30 -0.30 -0.30 -0.25 3.91 153.73 -0.30 4.18 164.66 FOB SW Que 0.10 4.31 169.48 -0.20 4.28 168.59 Track 0.08 4.28 168.50N/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 -0.25 N/A Sarn-Eth -0.10 -0.10 -0.10N/A 4.11 161.61N/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 3.98 156.78 Pt.Colb-Ing N/A 0.00 -0.05 0.00 -0.45 4.03 158.75 Cardnl-Ing 0.05 0.15 -0.05 0.00 4.26 167.51 0.10 4.58 180.41 W O Feed 0.15 0.08 4.36 171.45 US Rep 0.48 0.41 4.69 184.44 Toledo El. -0.18 4.02 158.39 -0.38 4.10 161.33 TRANSFER Sarnia N/A N/A Pt. Stanley -0.30 3.91 153.73 -0.35 4.13162 2/3 Hamilton -0.05 4.16163 4/7 -0.30 4.18164 2/3 MID SD CRN -0.30 3.90 1/2 HI SD CRN -0.30 3.90 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0633 down 0.0003 Chicago soybeans closed slightly to moderately lower. MAR14 HI 12.92 3/4 NOV14 HI 11.35 LOW 12.62 1/2 LOW 11.25 CLOSE12.70 Down 22 1/2 CLOSE 11.29 Down 6 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY14 CK Low 0.39 13.09 480.98-0.09 11.20 411.53 CK High 0.45 13.15 483.180.00 11.29 414.84 CK Average 0.41 -0.4513.11 481.83-0.04-0.8111.25 413.43 Essex Cty 0.69 13.39 492.000.20 11.49 422.19 Mdsx Low 0.44 13.14 482.81-0.02 11.27 414.10 Mdsx High 0.45 13.15 483.180.00 11.29 414.84 Mdsx Average 0.45 -0.4213.15 483.00-0.01-0.7811.28 414.47 Hensall 0.45 13.15 483.180.00 11.29 414.84 Bruce 0.45 13.15 483.180.00 11.29 414.84 Putnam N/A 0.05 11.34 416.67 Burford 0.47 13.17 483.910.01 11.30 415.20 Port Perry 0.44 13.14 482.81-0.02 11.27 414.10 Norfolk 0.44 13.14 482.81-0.04 11.25 413.37 Palmerston 0.45 13.15 483.180.00 11.29 414.84 Varna 0.45 13.15 483.180.00 11.29 414.84 Trenton 0.35 13.05 479.51-0.05 11.24 413.00 Winchester 0.45 13.15 483.180.25 11.54 424.02 North Gower 0.60 13.30 488.690.10 11.39 418.51 Huron FOB 0.55 13.25 486.850.05 11.34 416.67 Kent FOB 0.39 13.09 480.98-0.09 11.20 411.53 Lambton FOB 0.39 13.09 480.98-0.09 11.20 411.53 Middlesex FOB0.64 0.66 0.06 N/A 13.34 490.160.06 11.35 417.04 PROCESSORS Hamilton 1.00 0.95 1.00 N/A 13.70 503.390.45 11.74 431.37 Windsor 0.91 0.81 0.82 N/A 13.61 500.080.42 11.71 430.27 Winchester N/A N/A TRANSFER Hamilton 1.00 N/A N/A N/A 13.70 503.390.50 11.79 433.21 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.20 13.90 510.740.90 12.19 447.91 Toledo El. 0.03 12.73 467.82-0.41 10.88 399.92 Bank of Canada Noon exchange rate was 1.0633 down 0.0003 Chicago wheat closed slightly lower. MAR14 HI 6.05 1/4 JUL14 HI 6.16 1/4 LOW 5.95 1/2 LOW 6.06 1/4 CLOSE 5.97 Down 8 1/4 CLOSE 6.08 1/4 Down 8 1/2 Minni wheat closed moderately lower. MAR14 HI 6.33 SEP14 HI 6.63 LOW 6.24 1/2 LOW 6.55 3/4 CLOSE 6.25 1/4 Down 10 CLOSE 6.55 3/4 Down 10 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.07 0.19 -0.23 -0.59 CAD $/bu 5.90 6.16 5.74 5.66 CAD $/tonne 216.65 226.46 210.76 208.11 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 -0.49 N/A N/A N/A -0.51 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 0.24 -0.46 -0.31 N/A 0.00 -0.57 -0.48 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 -0.32 N/A N/A N/A N/A North Gower N/A N/A N/A -0.55 N/A N/A N/A -0.92 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.07 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 0.99N/A 0.41N/A 1.00N/A 0.52N/A Toledo El. 5.84US 6.24CA 5.95US 6.36CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.23 0.04 -0.39 -0.51 CAD $/bu 5.86 6.12 5.70 6.04 CAD $/tonne 215.18 224.99 209.29 222.04 (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 544.88 - 555.91 DDG's FOB Srn & Aylm 285.00