FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 21 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.1128 up 0.0024 Chicago corn closed slightly lower. MAR14 HI 4.56 1/2 DEC14 HI 4.69 1/2 LOW 4.50 1/4 LOW 4.62 CLOSE4.53 Down 2 3/4 CLOSE 4.64 1/4 Down 4 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY14+MAY14+JUL14 CK Low -0.20 4.33 170.46 -0.25 4.39 172.93 CK High -0.10 4.43 174.40 -0.20 4.44 174.89 CK Avg -0.17 -0.68 4.36 171.65 -0.24 -0.78 4.40 173.32 Essex Cty -0.10 4.43 174.40 -0.25 4.39 172.93 Mdsx Low -0.20 4.33 170.46 -0.25 4.39 172.93 Mdsx High -0.20 4.33 170.46 -0.25 4.39 172.93 Mdsx Avg -0.20 -0.71 4.33 170.46 -0.25 -0.79 4.39 172.93 Hensall -0.19 4.34 170.86 -0.24 4.41 173.52 Bruce -0.20 4.33 170.46 -0.25 4.39 172.93 Putnam -0.15 4.38 172.43 -0.20 4.44 174.89 Burford -0.20 4.33 170.46 -0.25 4.39 172.93 Port Perry -0.25 4.28 168.50 -0.25 4.39 172.93 Norfolk -0.10 4.43 174.40 -0.24 4.40 173.32 Palmerston -0.18 4.35 171.25 -0.25 4.39 172.93 Varna -0.15 4.38 172.43 -0.20 4.44 174.89 Trenton -0.10 4.43 174.40 -0.25 4.39 172.93 Winchester 0.00 4.53 178.34 -0.10 4.54 178.83 North Gower 0.01 4.54 178.73 -0.10 4.54 178.83 Huron FOB -0.18 4.35 171.25 -0.22 4.42 174.11 Kent FOB -0.10 4.43 174.40 -0.24 4.40 173.32 Lamb FOB -0.10 4.43 174.40 -0.24 4.40 173.32 Mdsx FOB -0.20 -0.20 -0.20N/A 4.33 170.46 -0.25 4.39 172.93 FOB SW Que 0.42 4.95 194.87 0.13 4.77 187.89 Track 0.20 4.73 186.21N/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 -0.10 -0.05 N/A Sarn-Eth -0.10 -0.10N/A N/A 4.43 174.40N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A 0.10 0.15 0.20 -0.45 4.19 165.05 Pt.Colb-Ing N/A N/A 0.20 0.25 -0.40 4.24 167.02 Cardnl-Ing N/A N/A 0.35 0.35 -0.30 4.34 170.96 W O Feed 0.27 0.14 4.80 188.97 US Rep 0.15 0.02 4.68 184.24 Toledo El. -0.14 4.39 172.64 -0.37 4.27 168.27 TRANSFER Sarnia N/A N/A Pt. Stanley -0.10 4.43 174.40N/A Hamilton 0.06 4.59180 5/7 0.05 4.69184 3/4 MID SD CRN -0.15 4.38 HI SD CRN -0.10 4.43 *Wet Bid Bank of Canada Noon exchange rate was 1.1128 up 0.0024 Chicago soybeans closed slightly to moderately higher. MAR14 HI 13.72 1/4 NOV14 HI 11.55 LOW 13.51 1/2 LOW 11.41 CLOSE13.70 3/4 Up 12 1/2 CLOSE 11.53 3/4 Up 8 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY14 CK Low 1.15 14.86 545.920.60 12.14 445.98 CK High 1.30 15.01 551.430.80 12.34 453.33 CK Average 1.24 -0.3114.95 549.350.71 -0.6312.25 449.96 Essex Cty 1.22 14.93 548.490.93 12.47 458.10 Mdsx Low 1.19 14.90 547.390.60 12.14 445.98 Mdsx High 1.30 15.01 551.430.70 12.24 449.65 Mdsx Average 1.25 -0.3114.95 549.410.65 -0.6912.19 447.81 Hensall 1.30 15.01 551.430.70 12.24 449.65 Bruce 1.30 15.01 551.430.70 12.24 449.65 Putnam 1.15 14.86 545.920.55 12.09 444.14 Burford 1.22 14.93 548.490.63 12.17 447.08 Port Perry 1.19 14.90 547.390.60 12.14 445.98 Norfolk 1.20 14.91 547.760.70 12.24 449.65 Palmerston 1.20 14.91 547.760.60 12.14 445.98 Varna 1.20 14.91 547.760.60 12.14 445.98 Trenton 1.15 14.86 545.920.60 12.14 445.98 Winchester 1.42 15.13 555.84 N/A North Gower 0.60 14.31 525.710.60 12.14 445.98 Huron FOB 1.40 15.11 555.110.80 12.34 453.33 Kent FOB 1.15 14.86 545.920.75 12.29 451.49 Lambton FOB 1.15 14.86 545.920.75 12.29 451.49 Middlesex FOB1.42 1.38 N/A N/A 15.13 555.840.79 12.33 452.96 PROCESSORS Hamilton 1.76 1.83 N/A N/A 15.47 568.331.20 12.74 468.02 Windsor 1.55 1.55 1.52 N/A 15.26 560.621.16 12.70 466.55 Winchester N/A N/A TRANSFER Hamilton 1.80 N/A N/A N/A 15.51 569.801.24 12.78 469.49 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.63 15.34 563.561.52 13.06 479.78 Toledo El. 0.17 13.87 509.80-0.37 11.17 410.40 Bank of Canada Noon exchange rate was 1.1128 up 0.0024 Chicago wheat closed slightly lower. MAR14 HI 6.17 1/2 JUL14 HI 6.18 3/4 LOW 6.09 1/4 LOW 6.08 3/4 CLOSE 6.09 3/4 Down 6 1/2 CLOSE 6.09 1/4 Down 8 Minni wheat closed slightly to moderately lower. MAR14 HI 6.84 1/2 SEP14 HI 6.70 1/2 LOW 6.62 1/4 LOW 6.58 1/4 CLOSE 6.64 1/4 Down 17 1/2 CLOSE 6.59 3/4 Down 9 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.41 0.75 0.30 -0.14 CAD $/bu 6.51 6.85 6.40 6.51 CAD $/tonne 239.24 251.51 235.15 239.03 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 0.10 -0.20 N/A London 0.41 0.58 0.19 N/A 0.19 0.13 -0.20 N/A Hensall 0.35 N/A 0.10 N/A 0.15 N/A -0.20 N/A Trenton N/A N/A N/A N/A N/A N/A -0.30 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.21 N/A N/A N/A -0.05 N/A Norwich 0.35 N/A 0.10 N/A 0.15 N/A -0.20 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 0.35 N/A 0.10 N/A 0.15 N/A -0.20 N/A Chatham N/A 0.50 0.15 N/A N/A N/A -0.15 N/A Brigden N/A 0.50 0.15 N/A N/A N/A -0.15 N/A Palmerston N/A 0.77 0.22 0.42 N/A 0.30 -0.12 0.06 Varna 0.35 0.50 0.10 N/A 0.15 0.15 -0.20 N/A Mitchell 0.35 0.50 0.10 N/A 0.15 0.15 -0.20 N/A Thornton N/A N/A N/A -0.35 N/A N/A N/A N/A North Gower N/A N/A N/A -0.35 N/A N/A N/A -0.41 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.57 N/A N/A N/A 0.19 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 1.36N/A 0.86N/A 1.38N/A 0.82N/A Toledo El. 6.01US 6.69CA 6.06US 6.77CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.26 0.48 0.04 -0.02 CAD $/bu 6.35 6.58 6.13 6.58 CAD $/tonne 233.42 241.62 225.21 241.82 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 Bayport Oats 330.00 Bayport Barley 270.00 FOB Hm Soymeal 625.90 DDG's FOB Srn & Aylm 270.00 - 280.00