FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0614 down 0.0019 Chicago corn closed slightly higher. MAR14 HI 4.24 DEC14 HI 4.52 1/2 LOW 4.17 LOW 4.45 3/4 CLOSE4.23 1/2 Up 3 CLOSE 4.52 Up 3 3/4 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 3.94 154.91 -0.30 4.22 166.13 CK High -0.30 3.94 154.91 -0.30 4.22 166.13 CK Avg -0.30 -0.57 3.94 154.91 -0.30 -0.59 4.22 166.13 Essex Cty -0.25 3.99 156.88 -0.35 4.17 164.17 Mdsx Low -0.30 3.94 154.91 -0.30 4.22 166.13 Mdsx High -0.30 3.94 154.91 -0.30 4.22 166.13 Mdsx Avg -0.30 -0.57 3.94 154.91 -0.30 -0.59 4.22 166.13 Hensall -0.30 3.94 154.91 -0.30 4.22 166.13 Bruce -0.30 3.94 154.91 -0.30 4.22 166.13 Putnam N/A -0.30 4.22 166.13 Burford -0.30 3.94 154.91 -0.30 4.22 166.13 Port Perry -0.35 3.89 152.95 -0.35 4.17 164.17 Norfolk -0.30 3.94 154.91 -0.30 4.22 166.13 Palmerston -0.30 3.94 154.91 -0.35 4.17 164.17 Varna -0.30 3.94 154.91 -0.30 4.22 166.13 Trenton -0.35 3.89 152.95 -0.35 4.17 164.17 Winchester -0.20 4.04 158.85 -0.28 4.24 166.92 North Gower -0.29 3.95 155.31 -0.55 3.97 156.29 Huron FOB -0.18 4.06 159.64 -0.30 4.22 166.13 Kent FOB -0.30 3.94 154.91 -0.30 4.22 166.13 Lamb FOB -0.30 3.94 154.91 -0.30 4.22 166.13 Mdsx FOB -0.30 -0.30 -0.30 -0.25 3.94 154.91 -0.30 4.22 166.13 FOB SW Que 0.10 4.34 170.66 -0.20 4.32 170.07 Track 0.08 4.31 169.68N/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 4.14 162.79N/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 4.02 158.26 Pt.Colb-Ing N/A 0.00 -0.05 0.00 -0.45 4.07 160.23 Cardnl-Ing 0.05 0.15 -0.05 0.00 4.29 168.69 0.10 4.62 181.88 W O Feed 0.15 0.08 4.39 172.63 US Rep 0.48 0.41 4.72 185.62 Toledo El. -0.18 4.05 159.61 -0.38 4.14 162.87 TRANSFER Sarnia N/A N/A Pt. Stanley -0.30 3.94 154.91 -0.35 4.17164 1/6 Hamilton -0.05 4.19164 3/4 -0.30 4.22166 1/7 MID SD CRN -0.30 3.93 1/2 HI SD CRN -0.30 3.93 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0614 down 0.0019 Chicago soybeans closed slightly higher. MAR14 HI 12.78 1/2 NOV14 HI 11.35 LOW 12.65 LOW 11.26 1/2 CLOSE12.71 1/4 Up 1 1/4 CLOSE 11.29 3/4 Up 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY14 CK Low 0.40 13.11 481.80-0.06 11.24 412.91 CK High 0.42 13.13 482.540.00 11.30 415.11 CK Average 0.41 -0.4013.12 482.05-0.04-0.7611.26 413.76 Essex Cty 0.63 13.34 490.250.15 11.45 420.62 Mdsx Low 0.42 13.13 482.54-0.03 11.27 414.01 Mdsx High 0.45 13.16 483.640.00 11.30 415.11 Mdsx Average 0.44 -0.3713.15 483.09-0.02-0.7311.28 414.56 Hensall 0.45 13.16 483.640.00 11.30 415.11 Bruce 0.45 13.16 483.640.00 11.30 415.11 Putnam N/A 0.05 11.35 416.95 Burford 0.45 13.16 483.640.00 11.30 415.11 Port Perry 0.42 13.13 482.54-0.03 11.27 414.01 Norfolk 0.44 13.15 483.27-0.04 11.26 413.64 Palmerston 0.45 13.16 483.640.00 11.30 415.11 Varna 0.45 13.16 483.640.00 11.30 415.11 Trenton 0.35 13.06 479.96-0.05 11.25 413.27 Winchester 0.45 13.16 483.640.25 11.55 424.30 North Gower 0.60 13.31 489.150.10 11.40 418.79 Huron FOB 0.55 13.26 487.310.05 11.35 416.95 Kent FOB 0.39 13.10 481.43-0.09 11.21 411.81 Lambton FOB 0.39 13.10 481.43-0.09 11.21 411.81 Middlesex FOB0.64 0.66 0.66 N/A 13.35 490.620.06 11.36 417.32 PROCESSORS Hamilton 0.95 0.90 0.95 N/A 13.66 502.010.40 11.70 429.81 Windsor 0.86 0.75 0.76 N/A 13.57 498.700.38 11.68 429.07 Winchester N/A N/A TRANSFER Hamilton 1.00 N/A N/A N/A 13.71 503.850.50 11.80 433.48 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.20 13.91 511.200.90 12.20 448.18 Toledo El. 0.10 12.81 470.62-0.40 10.89 400.26 Bank of Canada Noon exchange rate was 1.0614 down 0.0019 Chicago wheat closed slightly higher. MAR14 HI 6.09 JUL14 HI 6.17 1/4 LOW 5.96 LOW 6.06 3/4 CLOSE 6.05 3/4 Up 8 3/4 CLOSE 6.14 1/2 Up 6 1/4 Minni wheat closed slightly higher. MAR14 HI 6.34 3/4 SEP14 HI 6.64 1/4 LOW 6.24 LOW 6.55 CLOSE 6.30 1/2 Up 5 1/4 CLOSE 6.60 Up 4 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 0.17 -0.25 -0.61 CAD $/bu 5.96 6.23 5.80 5.70 CAD $/tonne 219.15 228.92 213.28 209.28 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 0.18 -0.30 N/A -0.13 -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 -0.51 N/A N/A N/A -0.53 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 0.32 -0.37 -0.22 N/A -0.12 -0.65 -0.49 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 -0.29 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 0.97N/A 0.39N/A 0.98N/A 0.50N/A Toledo El. 5.93US 6.30CA 6.02US 6.40CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.25 0.02 -0.41 -0.54 CAD $/bu 5.90 6.16 5.74 6.06 CAD $/tonne 216.70 226.47 210.84 222.76 (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 545.76 - 556.79 DDG's FOB Srn & Aylm 285.00