FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0804 up 0.0062 Chicago corn closed moderately lower. MAR14 HI 4.27 3/4 DEC14 HI 4.54 3/4 LOW 4.14 3/4 LOW 4.43 1/4 CLOSE4.17 Down 9 CLOSE 4.46 Down 7 1/4 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 3.87 152.36 -0.30 4.16 163.77 CK High -0.22 3.95 155.50 -0.25 4.21 165.74 CK Avg -0.26 -0.61 3.91 153.86 -0.27 -0.64 4.19 165.08 Essex Cty -0.20 3.97 156.29 -0.30 4.16 163.77 Mdsx Low -0.25 3.92 154.32 -0.25 4.21 165.74 Mdsx High -0.25 3.92 154.32 -0.25 4.21 165.74 Mdsx Avg -0.25 -0.59 3.92 154.32 -0.25 -0.62 4.21 165.74 Hensall -0.25 3.92 154.32 -0.25 4.21 165.74 Bruce -0.30 3.87 152.36 -0.30 4.16 163.77 Putnam N/A -0.30 4.16 163.77 Burford -0.25 3.92 154.32 -0.25 4.21 165.74 Port Perry -0.35 3.82 150.39 -0.30 4.16 163.77 Norfolk -0.22 3.95 155.50 -0.25 4.21 165.74 Palmerston -0.30 3.87 152.36 -0.35 4.11 161.80 Varna -0.25 3.92 154.32 -0.25 4.21 165.74 Trenton -0.30 3.87 152.36 -0.25 4.21 165.74 Winchester -0.20 3.97 156.29 -0.28 4.18 164.56 North Gower -0.25 3.92 154.32 -0.15 4.31 169.68 Huron FOB -0.12 4.05 159.44 -0.20 4.26 167.71 Kent FOB -0.22 3.95 155.50 -0.25 4.21 165.74 Lamb FOB -0.22 3.95 155.50 -0.25 4.21 165.74 Mdsx FOB -0.25 -0.25 -0.25N/A 3.92 154.32 -0.25 4.21 165.74 FOB SW Que 0.20 4.37 172.04 -0.10 4.36 171.65 Track 0.10 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 -0.25 N/A Sarn-Eth -0.10 -0.10 -0.10N/A 4.07 160.23N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A 0.00 -0.45 4.01 157.87 Pt.Colb-Ing N/A N/A 0.10 0.10 -0.35 4.11 161.80 Cardnl-Ing N/A N/A 0.20 0.05 -0.35 4.11 161.80 W O Feed 0.17 0.08 4.34 170.86 US Rep 0.45 0.36 4.62 181.88 Toledo El. -0.18 3.99 156.92 -0.39 4.07 160.24 TRANSFER Sarnia N/A N/A Pt. Stanley -0.35 3.82 150.39N/A Hamilton 0.00 4.17164 1/6 -0.15 4.31169 2/3 MID SD CRN -0.26 3.91 HI SD CRN -0.22 3.95 *Wet Bid Bank of Canada Noon exchange rate was 1.0804 up 0.0062 Chicago soybeans closed slightly to moderately lower. MAR14 HI 12.76 NOV14 HI 11.16 LOW 12.66 1/2 LOW 11.03 CLOSE12.69 1/4 Down 6 3/4 CLOSE 11.04 Down 12 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY14 CK Low 0.50 13.19 484.740.05 11.09 407.49 CK High 0.65 13.34 490.250.16 11.20 411.53 CK Average 0.59 -0.4613.28 488.110.11 -0.8011.15 409.63 Essex Cty 0.82 13.51 496.500.29 11.33 416.31 Mdsx Low 0.65 13.34 490.250.15 11.19 411.16 Mdsx High 0.66 13.35 490.620.17 11.21 411.90 Mdsx Average 0.66 -0.3913.35 490.440.16 -0.7511.20 411.53 Hensall 0.60 13.29 488.420.13 11.17 410.24 Bruce 0.45 13.14 482.900.00 11.04 405.65 Putnam N/A 0.05 11.09 407.49 Burford 0.69 13.38 491.720.20 11.24 413.00 Port Perry 0.66 13.35 490.620.17 11.21 411.90 Norfolk 0.65 13.34 490.250.14 11.18 410.79 Palmerston 0.55 13.24 486.580.10 11.14 409.32 Varna 0.55 13.24 486.580.10 11.14 409.32 Trenton 0.50 13.19 484.740.10 11.14 409.32 Winchester 0.61 13.30 488.780.37 11.41 419.25 North Gower 0.60 13.29 488.420.27 11.31 415.57 Huron FOB 0.65 13.34 490.250.15 11.19 411.16 Kent FOB 0.60 13.29 488.420.09 11.13 408.96 Lambton FOB 0.60 13.29 488.420.09 11.13 408.96 Middlesex FOB0.83 0.83 0.82 N/A 13.52 496.870.25 11.29 414.84 PROCESSORS Hamilton 1.15 1.10 1.15 N/A 13.84 508.620.60 11.64 427.70 Windsor 1.04 0.94 0.95 N/A 13.73 504.580.52 11.56 424.76 Winchester N/A N/A TRANSFER Hamilton 1.30 N/A N/A N/A 13.99 514.140.70 11.74 431.37 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.22 13.91 511.201.08 12.12 445.33 Toledo El. 0.10 12.79 469.95-0.41 10.63 390.53 Bank of Canada Noon exchange rate was 1.0804 up 0.0062 Chicago wheat closed moderately lower. MAR14 HI 6.07 1/4 JUL14 HI 6.15 1/4 LOW 5.86 3/4 LOW 5.96 1/2 CLOSE 5.88 3/4 Down 13 3/4 CLOSE 5.98 1/2 Down 13 Minni wheat closed slightly to moderately lower. MAR14 HI 6.39 3/4 SEP14 HI 6.61 LOW 6.25 3/4 LOW 6.43 3/4 CLOSE 6.27 Down 3 3/4 CLOSE 6.45 3/4 Down 10 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.00 0.27 -0.16 -0.51 CAD $/bu 5.89 6.16 5.72 5.76 CAD $/tonne 216.32 226.27 210.35 211.65 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 0.00 -0.40 N/A London -0.24 0.30 -0.19 N/A -0.02 -0.07 -0.40 N/A Hensall 0.10 N/A -0.20 N/A 0.00 N/A -0.35 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 -0.43 N/A N/A N/A -0.45 N/A Norwich 0.10 N/A -0.20 N/A 0.00 N/A -0.40 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 -0.20 N/A 0.00 N/A -0.35 N/A Chatham N/A 0.30 -0.20 N/A N/A N/A -0.37 N/A Brigden N/A 0.30 -0.20 N/A N/A N/A -0.37 N/A Palmerston N/A 0.46 -0.25 -0.09 N/A 0.01 -0.53 -0.37 Varna 0.05 0.30 -0.20 N/A 0.00 0.00 -0.40 N/A Mitchell 0.10 0.30 -0.20 N/A 0.00 0.00 -0.35 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 -0.60 N/A N/A N/A -0.83 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.15 N/A N/A N/A -0.23 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 1.08N/A 0.49N/A 1.09N/A 0.60N/A Toledo El. 5.76US 6.23CA 5.86US 6.34CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.15 0.12 -0.32 -0.44 CAD $/bu 5.83 6.10 5.67 6.02 CAD $/tonne 214.23 224.18 208.26 221.09 (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 556.13 - 567.15 DDG's FOB Srn & Aylm 285.00