FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.1132 up 0.0047 Chicago corn closed slightly higher. MAY14 HI 4.89 DEC14 HI 4.86 3/4 LOW 4.76 1/2 LOW 4.75 1/2 CLOSE4.88 1/2 Up 5 1/4 CLOSE 4.86 1/4 Up 5 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY14+JUL14+JUL14 CK Low -0.30 4.59 180.50 -0.30 4.56 179.62 CK High -0.17 4.72 185.62 -0.20 4.66 183.55 CK Avg -0.26 -0.81 4.62 182.01 -0.26 -0.82 4.60 181.26 Essex Cty 0.00 4.89 192.31 -0.25 4.61 181.59 Mdsx Low -0.30 4.59 180.50 -0.30 4.56 179.62 Mdsx High -0.30 4.59 180.50 -0.25 4.61 181.59 Mdsx Avg -0.30 -0.85 4.59 180.50 -0.28 -0.83 4.59 180.60 Hensall -0.29 4.60 180.90 -0.25 4.61 181.59 Bruce -0.30 4.59 180.50 -0.25 4.61 181.59 Putnam -0.20 4.69 184.44 -0.25 4.61 181.59 Burford -0.30 4.59 180.50 -0.30 4.56 179.62 Port Perry -0.35 4.54 178.54 -0.30 4.56 179.62 Norfolk -0.25 4.64 182.47 -0.27 4.59 180.80 Palmerston -0.30 4.59 180.50 -0.25 4.61 181.59 Varna -0.25 4.64 182.47 -0.25 4.61 181.59 Trenton -0.20 4.69 184.44 -0.25 4.61 181.59 Winchester -0.10 4.79 188.38 -0.10 4.76 187.49 North Gower 0.00 4.89 192.31 -0.10 4.76 187.49 Huron FOB -0.15 4.74 186.41 -0.20 4.66 183.55 Kent FOB -0.20 4.69 184.44 -0.55 4.31 169.78 Lamb FOB -0.20 4.69 184.44 -0.25 4.61 181.59 Mdsx FOB -0.30 -0.30 -0.30N/A 4.59 180.50 -0.30 4.56 179.62 FOB SW Que 0.45 5.34 210.03 0.15 5.01 197.33 Track 0.10 4.99 196.25N/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 -0.20 -0.20 -0.20 N/A Sarn-Eth -0.10 0.00 0.00 0.00 4.79 188.38N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing 0.00 0.05 0.10 0.10 4.89 192.31 -0.15 4.71 185.52 Pt.Colb-Ing N/A 0.15 0.20 0.20 -0.10 4.76 187.49 Cardnl-Ing N/A 0.35 0.40 0.35 0.00 4.86 191.43 W O Feed 0.23 0.11 5.12 201.53 US Rep 0.64 0.51 5.53 217.51 Toledo El. -0.24 4.64 182.68 -0.37 4.49 176.95 TRANSFER Sarnia N/A N/A Pt. Stanley -0.28 4.61 181.29N/A Hamilton 0.05 4.94194 2/7 0.05 4.91193 2/5 MID SD CRN -0.23 1/2 4.651 HI SD CRN -0.17 4.71 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.1132 up 0.0047 Chicago soybeans closed moderately lower to lower. MAY14 HI 14.07 1/4 NOV14 HI 11.94 1/2 LOW 13.65 1/2 LOW 11.67 3/4 CLOSE13.87 Down 26 CLOSE 11.76 1/4 Down 13 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+MAY14 CK Low 1.35 15.22 559.240.74 12.50 459.39 CK High 1.48 15.35 564.020.85 12.61 463.43 CK Average 1.42 -0.1415.29 561.750.80 -0.5512.56 461.47 Essex Cty 1.56 15.43 566.960.93 12.69 466.37 Mdsx Low 1.43 15.30 562.180.72 12.48 458.65 Mdsx High 1.50 15.37 564.750.80 12.56 461.59 Mdsx Average 1.47 -0.0915.34 563.460.76 -0.5912.52 460.12 Hensall 1.50 15.37 564.750.80 12.56 461.59 Bruce 1.50 15.37 564.750.80 12.56 461.59 Putnam N/A 0.65 12.41 456.08 Burford 1.46 15.33 563.280.75 12.51 459.76 Port Perry 1.43 15.30 562.180.72 12.48 458.65 Norfolk 1.51 15.38 565.120.49 12.25 450.20 Palmerston 1.50 15.37 564.750.80 12.56 461.59 Varna 1.50 15.37 564.750.80 12.56 461.59 Trenton 1.35 15.22 559.240.75 12.51 459.76 Winchester 1.40 15.27 561.080.95 12.71 467.10 North Gower 1.39 15.26 560.710.98 12.74 468.21 Huron FOB 1.60 15.47 568.430.90 12.66 465.27 Kent FOB 1.48 15.35 564.020.84 12.60 463.06 Lambton FOB 1.48 15.35 564.020.84 12.60 463.06 Middlesex FOB1.55 1.60 1.68 N/A 15.42 566.590.89 12.65 464.90 PROCESSORS Hamilton 1.92 1.98 2.06 N/A 15.79 580.181.24 13.00 477.76 Windsor 1.79 1.74 N/A N/A 15.66 575.411.16 12.92 474.82 Winchester N/A N/A TRANSFER Hamilton 1.93 N/A N/A N/A 15.80 580.551.27 13.03 478.86 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.65 15.52 570.261.60 13.36 490.99 Toledo El. 0.13 14.00 514.54-0.31 11.45 420.73 Bank of Canada Noon exchange rate was 1.1132 up 0.0047 Chicago wheat closed higher. MAY14 HI 6.84 1/2 JUL14 HI 6.89 LOW 6.52 LOW 6.57 1/2 CLOSE 6.83 3/4 Up 24 3/4 CLOSE 6.88 1/4 Up 24 Minni wheat closed moderately higher to higher. MAY14 HI 7.34 1/4 SEP14 HI 7.29 1/2 LOW 7.01 LOW 7.03 CLOSE 7.30 3/4 Up 23 3/4 CLOSE 7.27 Up 17 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.49 0.82 0.38 -0.07 CAD $/bu 7.33 7.66 7.22 7.24 CAD $/tonne 269.21 281.47 265.13 265.94 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 0.20 -0.15 N/A London 0.43 0.59 0.20 N/A 0.21 0.15 -0.18 N/A Hensall 0.45 N/A 0.20 N/A 0.15 N/A -0.20 N/A Trenton N/A N/A N/A N/A N/A N/A -0.10 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.23 N/A N/A N/A -0.08 N/A Norwich 0.45 N/A 0.20 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 0.45 N/A 0.20 N/A 0.15 N/A -0.20 N/A Chatham N/A 0.53 0.23 N/A N/A N/A -0.15 N/A Brigden N/A 0.53 0.23 N/A N/A N/A -0.15 N/A Palmerston N/A 0.78 0.23 0.46 N/A 0.34 -0.07 0.09 Varna 0.45 0.60 0.20 N/A 0.15 0.15 -0.20 N/A Mitchell 0.45 0.70 0.20 N/A 0.15 0.15 -0.20 N/A Thornton N/A N/A N/A -0.18 N/A N/A N/A N/A North Gower N/A N/A N/A -0.20 N/A N/A N/A -0.20 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.65 N/A N/A N/A 0.20 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 1.43N/A 0.93N/A 1.46N/A 0.90N/A Toledo El. 6.76US 7.52CA 6.85US 7.64CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.34 0.57 0.12 0.05 CAD $/bu 7.23 7.45 7.00 7.32 CAD $/tonne 265.48 273.67 257.29 269.07 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 Bayport Oats - Bayport Barley 270.00 FOB Hm Soymeal 599.12 - 615.65 DDG's FOB Srn & Aylm 260.00