FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 26 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.1143 down 0.0033 Chicago corn closed slightly lower. MAY14 HI 4.87 3/4 DEC14 HI 4.86 1/2 LOW 4.82 1/2 LOW 4.82 CLOSE4.84 1/2 Down 2 CLOSE 4.84 Down 2 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY14+JUL14+JUL14 CK Low -0.25 4.60 180.90 -0.25 4.59 180.70 CK High -0.20 4.65 182.87 -0.24 4.60 181.09 CK Avg -0.23 -0.78 4.61 181.55 -0.25 -0.80 4.59 180.77 Essex Cty -0.20 4.65 182.87 -0.25 4.59 180.70 Mdsx Low -0.25 4.60 180.90 -0.25 4.59 180.70 Mdsx High -0.25 4.60 180.90 -0.25 4.59 180.70 Mdsx Avg -0.25 -0.80 4.60 180.90 -0.25 -0.80 4.59 180.70 Hensall -0.25 4.60 180.90 -0.25 4.59 180.70 Bruce -0.25 4.60 180.90 -0.25 4.59 180.70 Putnam -0.25 4.60 180.90 -0.25 4.59 180.70 Burford -0.25 4.60 180.90 -0.25 4.59 180.70 Port Perry -0.30 4.55 178.93 -0.25 4.59 180.70 Norfolk -0.20 4.65 182.87 -0.24 4.60 181.09 Palmerston -0.35 4.50 176.96 -0.35 4.49 176.76 Varna -0.25 4.60 180.90 -0.25 4.59 180.70 Trenton -0.20 4.65 182.87 -0.25 4.59 180.70 Winchester -0.05 4.80 188.77 -0.05 4.79 188.57 North Gower 0.05 4.90 192.71 -0.10 4.74 186.61 Huron FOB -0.10 4.75 186.80 -0.15 4.69 184.64 Kent FOB -0.20 4.65 182.87 -0.24 4.60 181.09 Lamb FOB -0.20 4.65 182.87 -0.24 4.60 181.09 Mdsx FOB -0.20 -0.20 -0.20 -0.20 4.65 182.87 -0.25 4.59 180.70 FOB SW Que N/A 0.15 4.99 196.45 Track 0.13 4.97 195.66N/A PROCESSORS Chat-Eth N/A -0.20 -0.20 -0.20 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 N/A 0.05 0.00 0.00 N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing 0.00 0.05 0.10 0.10 4.85 190.74 -0.15 4.69 184.64 Pt.Colb-Ing N/A 0.15 0.20 0.20 -0.10 4.74 186.61 Cardnl-Ing N/A 0.25 0.40 0.35 0.00 4.84 190.54 W O Feed 0.19 0.06 5.04 198.22 US Rep 0.72 0.59 5.57 219.08 Toledo El. -0.24 4.60 181.10 -0.37 4.47 176.08 TRANSFER Sarnia N/A N/A Pt. Stanley -0.20 4.65 182.87N/A Hamilton 0.20 5.05198 3/5 0.07 4.91193 2/7 MID SD CRN -0.22 1/2 4.62 HI SD CRN -0.20 4.64 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.1143 down 0.0033 Chicago soybeans closed slightly to moderately higher. MAY14 HI 14.41 3/4 NOV14 HI 11.94 LOW 14.20 3/4 LOW 11.84 1/2 CLOSE14.40 Up 12 CLOSE 11.93 1/4 Up 4 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+MAY14 CK Low 1.59 15.99 587.530.94 12.87 472.98 CK High 1.70 16.10 591.571.10 13.03 478.86 CK Average 1.65 0.01 16.05 589.680.98 -0.3712.91 474.51 Essex Cty 1.71 16.11 591.941.06 12.99 477.39 Mdsx Low 1.59 15.99 587.530.90 12.83 471.51 Mdsx High 1.70 16.10 591.570.95 12.88 473.35 Mdsx Average 1.65 0.01 16.05 589.550.93 -0.4312.86 472.43 Hensall 1.68 16.08 590.660.95 12.88 473.35 Bruce 1.70 16.10 591.570.95 12.88 473.35 Putnam 1.70 16.10 591.570.95 12.88 473.35 Burford 1.62 16.02 588.630.93 12.86 472.62 Port Perry 1.59 15.99 587.530.90 12.83 471.51 Norfolk 1.70 16.10 591.570.94 12.87 472.98 Palmerston 1.70 16.10 591.570.95 12.88 473.35 Varna 1.70 16.10 591.570.95 12.88 473.35 Trenton 1.50 15.90 584.220.85 12.78 469.68 Winchester 1.47 15.87 583.121.02 12.95 475.92 North Gower 1.46 15.86 582.761.02 12.95 475.92 Huron FOB 1.95 16.35 600.761.05 12.98 477.03 Kent FOB 1.65 16.05 589.740.94 12.87 472.98 Lambton FOB 1.65 16.05 589.740.94 12.87 472.98 Middlesex FOB1.72 1.68 1.70 N/A 16.12 592.310.96 12.89 473.72 PROCESSORS Hamilton 2.05 2.15 2.20 N/A 16.45 604.431.40 13.33 489.89 Windsor 1.94 1.80 1.72 N/A 16.34 600.391.29 13.22 485.84 Winchester N/A N/A TRANSFER Hamilton 2.13 N/A N/A N/A 16.53 607.371.36 13.29 488.42 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 2.12 16.52 607.011.75 13.68 502.75 Toledo El. 0.13 14.53 534.02-0.31 11.62 426.99 Bank of Canada Noon exchange rate was 1.1143 down 0.0033 Chicago wheat closed moderately lower. MAY14 HI 7.11 3/4 JUL14 HI 7.15 1/4 LOW 6.94 3/4 LOW 6.99 1/4 CLOSE 6.96 3/4 Down 11 1/2 CLOSE 7.01 1/4 Down 10 1/2 Minni wheat closed moderately lower. MAY14 HI 7.65 SEP14 HI 7.63 LOW 7.45 LOW 7.47 1/4 CLOSE 7.46 3/4 Down 16 1/4 CLOSE 7.49 1/4 Down 11 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.51 0.85 0.40 -0.04 CAD $/bu 7.48 7.81 7.37 7.42 CAD $/tonne 274.83 287.10 270.74 272.79 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 -0.10 N/A London 0.50 0.67 0.22 N/A 0.33 0.22 -0.11 N/A Hensall 0.45 N/A 0.20 N/A 0.40 N/A -0.10 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 0.20 N/A N/A N/A -0.05 N/A Norwich 0.45 N/A 0.20 N/A 0.40 N/A -0.10 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 0.40 N/A -0.10 N/A Chatham N/A 0.51 0.22 N/A N/A N/A -0.10 N/A Brigden N/A 0.51 0.22 N/A N/A N/A -0.10 N/A Palmerston N/A 0.70 0.15 0.30 N/A 0.14 -0.27 -0.02 Varna 0.50 0.70 0.25 N/A 0.35 0.30 -0.05 N/A Mitchell 0.45 0.75 0.20 N/A 0.40 0.25 -0.10 N/A Thornton N/A N/A N/A -0.12 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 N/A N/A N/A N/A 0.10 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 1.51N/A 1.01N/A 1.52N/A 0.91N/A Toledo El. 6.89US 7.67CA 6.98US 7.77CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.35 0.57 0.13 0.13 CAD $/bu 7.36 7.59 7.14 7.62 CAD $/tonne 270.54 278.72 262.35 279.95 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 295.00 Bayport Oats 325.00 Bayport Barley 275.00 FOB Hm Soymeal 642.77 - 651.59 DDG's FOB Srn & Aylm 270.00