FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, April 25 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.1042 up 0.0015 Chicago corn closed slightly higher. MAY14 HI 5.10 3/4 DEC14 HI 5.10 LOW 5.00 3/4 LOW 5.02 3/4 CLOSE5.07 Up 5 3/4 CLOSE 5.06 1/4 Up 3 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL14+JUL14+SEP14 CK Low -0.30 4.77 187.79 -0.30 4.76 187.49 CK High -0.20 4.87 191.72 -0.25 4.81 189.46 CK Avg -0.27 -0.80 4.80 189.10 -0.29 -0.82 4.77 187.95 Essex Cty -0.20 4.87 191.72 -0.30 4.76 187.49 Mdsx Low -0.30 4.77 187.79 -0.30 4.76 187.49 Mdsx High -0.30 4.77 187.79 -0.30 4.76 187.49 Mdsx Avg -0.30 -0.83 4.77 187.79 -0.30 -0.83 4.76 187.49 Hensall -0.29 4.78 188.18 -0.29 4.77 187.89 Bruce -0.30 4.77 187.79 -0.30 4.76 187.49 Putnam -0.30 4.77 187.79 -0.30 4.76 187.49 Burford -0.30 4.77 187.79 -0.30 4.76 187.49 Port Perry -0.35 4.72 185.82 -0.30 4.76 187.49 Norfolk -0.20 4.87 191.72 -0.28 4.78 188.28 Palmerston -0.30 4.77 187.79 -0.30 4.76 187.49 Varna -0.30 4.77 187.79 -0.30 4.76 187.49 Trenton -0.15 4.92 193.69 -0.30 4.76 187.49 Winchester 0.00 5.07 199.60 -0.05 5.01 197.33 North Gower 0.01 5.08 199.99 -0.02 5.04 198.51 Huron FOB -0.15 4.92 193.69 -0.23 4.83 190.25 Kent FOB -0.20 4.87 191.72 -0.28 4.78 188.28 Lamb FOB -0.20 4.87 191.72 -0.28 4.78 188.28 Mdsx FOB -0.20 -0.20 -0.20N/A 4.87 191.72 -0.20 4.86 191.43 FOB SW Que 0.43 5.50 216.53 0.13 5.19 204.42 Track 0.13 5.20 204.52N/A PROCESSORS Chat-Eth -0.20 -0.20 -0.20 -0.10 4.87 191.72N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.20 -0.20 -0.20 -0.10 4.87 191.72 N/A Sarn-Eth N/A 0.00 0.00 0.10 N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A N/A -0.05 5.01 197.33 Pt.Colb-Ing N/A N/A N/A 0.35 0.00 5.06 199.30 Cardnl-Ing N/A N/A N/A 0.35 0.10 5.16 203.24 W O Feed 0.22 0.10 5.29 208.10 US Rep 0.65 0.53 5.72 225.19 Toledo El. -0.22 4.85 190.89 -0.36 4.70 184.94 TRANSFER Sarnia N/A N/A Pt. Stanley -0.20 4.87 191.72N/A Hamilton 0.25 5.32209 4/9 0.05 5.11201 1/4 MID SD CRN -0.25 4.82 -0.27 1/2 4.78 3/4 HI SD CRN -0.20 4.87 -0.25 4.81 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.1042 up 0.0015 Chicago soybeans closed slightly higher to higher. MAY14 HI 15.00 NOV14 HI 12.40 3/4 LOW 14.72 LOW 12.27 CLOSE14.98 Up 26 CLOSE 12.39 3/4 Up 8 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+AUG1+AUG14 CK Low 1.35 16.33 600.020.65 13.05 479.41 CK High 1.41 16.39 602.230.75 13.15 483.09 CK Average 1.38 -0.2016.36 600.940.70 -0.6113.10 481.25 Essex Cty 1.46 16.44 604.071.02 13.42 493.01 Mdsx Low 1.40 16.38 601.860.65 13.05 479.41 Mdsx High 1.41 16.39 602.230.65 13.05 479.41 Mdsx Average 1.41 -0.1716.39 602.050.65 -0.6613.05 479.41 Hensall 1.43 16.41 602.780.70 13.10 481.25 Bruce 1.40 16.38 601.860.65 13.05 479.41 Putnam 1.45 16.43 603.700.75 13.15 483.09 Burford 1.44 16.42 603.330.68 13.08 480.52 Port Perry 1.41 16.39 602.230.65 13.05 479.41 Norfolk 1.41 16.39 602.230.65 13.05 479.41 Palmerston 1.45 16.43 603.700.75 13.15 483.09 Varna 1.25 16.23 596.350.75 13.15 483.09 Trenton 1.33 16.31 599.290.70 13.10 481.25 Winchester 1.38 16.36 601.130.95 13.35 490.44 North Gower 1.46 16.44 604.070.84 13.24 486.39 Huron FOB 1.55 16.53 607.370.75 13.15 483.09 Kent FOB 1.36 16.34 600.390.65 13.05 479.41 Lambton FOB 1.36 16.34 600.390.65 13.05 479.41 Middlesex FOB1.45 1.50 N/A N/A 16.43 603.700.78 13.18 484.19 PROCESSORS Hamilton 1.85 1.85 N/A N/A 16.83 618.401.16 13.56 498.15 Windsor 1.69 1.64 1.64 N/A 16.67 612.521.24 13.64 501.09 Winchester N/A N/A TRANSFER Hamilton 1.92 N/A N/A N/A 16.90 620.971.13 13.53 497.05 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 2.00 16.98 623.911.69 14.09 517.63 Toledo El. 0.19 15.17 557.33-0.31 12.09 444.16 Bank of Canada Noon exchange rate was 1.1042 up 0.0015 Chicago wheat closed moderately higher. MAY14 HI 7.01 3/4 JUL14 HI 7.09 3/4 LOW 6.88 LOW 6.94 3/4 CLOSE 7.00 1/4 Up 11 1/4 CLOSE 7.08 1/4 Up 11 3/4 Minni wheat closed slightly to moderately higher. MAY14 HI 7.49 3/4 SEP14 HI 7.58 LOW 7.35 1/2 LOW 7.50 CLOSE 7.47 1/2 Up 11 1/4 CLOSE 7.55 3/4 Up 9 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.46 0.79 0.35 -0.10 CAD $/bu 7.46 7.80 7.35 7.38 CAD $/tonne 274.25 286.43 270.19 271.10 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 -0.20 N/A London 0.36 0.64 0.14 N/A 0.20 0.15 -0.18 N/A Hensall 0.40 N/A 0.00 N/A 0.30 N/A -0.20 N/A Trenton N/A N/A N/A N/A N/A N/A -0.25 N/A Winchester N/A N/A N/A N/A N/A N/A N/A 0.10 Essex N/A N/A -0.13 N/A N/A N/A -0.16 N/A Norwich 0.40 N/A 0.00 N/A 0.30 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 0.40 N/A 0.00 N/A 0.30 N/A -0.20 N/A Chatham N/A N/A 0.10 N/A N/A N/A -0.20 N/A Brigden N/A N/A 0.10 N/A N/A N/A -0.20 N/A Palmerston N/A 0.68 0.06 0.19 N/A 0.32 -0.18 -0.16 Varna 0.40 0.65 0.00 N/A 0.30 0.20 -0.20 N/A Mitchell 0.40 0.65 0.00 N/A 0.30 0.20 -0.20 N/A Thornton N/A N/A N/A -0.17 N/A N/A N/A N/A North Gower N/A N/A N/A 0.20 N/A N/A N/A 0.10 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 0.05 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 0.96N/A 1.19N/A 0.91N/A Toledo El. 6.96US 7.70CA 7.10US 7.85CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.41 0.52 0.08 0.08 CAD $/bu 7.50 7.61 7.17 7.64 CAD $/tonne 275.47 279.53 263.28 280.54 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 320.00 Bayport Oats 335.00 Bayport Barley 275.00 FOB Hm Soymeal 648.83 - 657.65 DDG's FOB Srn & Aylm 295.00