FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 15 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0887 up 0.0000 Chicago corn closed moderately lower. JUL14 HI 4.97 1/4 DEC14 HI 4.90 3/4 LOW 4.81 3/4 LOW 4.78 1/4 CLOSE4.84 1/4 Down 11 1/4 CLOSE 4.80 1/2 Down 8 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL14+SEP14+SEP14 CK Low -0.30 4.54 178.83 -0.35 4.46 175.39 CK High -0.25 4.59 180.80 -0.30 4.51 177.35 CK Avg -0.29 -0.72 4.55 179.16 -0.31 -0.75 4.49 176.83 Essex Cty -0.20 4.64 182.77 -0.35 4.46 175.39 Mdsx Low -0.30 4.54 178.83 -0.30 4.51 177.35 Mdsx High -0.30 4.54 178.83 -0.30 4.51 177.35 Mdsx Avg -0.30 -0.73 4.54 178.83 -0.30 -0.74 4.51 177.35 Hensall -0.29 4.55 179.22 -0.30 4.51 177.35 Bruce -0.30 4.54 178.83 -0.30 4.51 177.35 Putnam -0.30 4.54 178.83 -0.30 4.51 177.35 Burford -0.30 4.54 178.83 -0.30 4.51 177.35 Port Perry -0.35 4.49 176.86 -0.30 4.51 177.35 Norfolk -0.30 4.54 178.83 -0.33 4.48 176.17 Palmerston -0.28 4.56 179.62 -0.25 4.56 179.32 Varna -0.30 4.54 178.83 -0.30 4.51 177.35 Trenton -0.15 4.69 184.74 -0.30 4.51 177.35 Winchester N/A N/A North Gower 0.05 4.89 192.61 0.02 4.83 189.95 Huron FOB -0.15 4.69 184.74 -0.30 4.51 177.35 Kent FOB -0.30 4.54 178.83 -0.33 4.48 176.17 Lamb FOB -0.30 4.54 178.83 -0.33 4.48 176.17 Mdsx FOB -0.25 -0.25 -0.20N/A 4.59 180.80 -0.30 4.51 177.35 FOB SW Que 0.40 5.24 206.39 0.00 4.81 189.16 Track 0.13 4.97 195.56N/A PROCESSORS Chat-Eth -0.20 -0.20 -0.10 -0.05 4.64 182.77N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.20 -0.20 -0.10 -0.05 4.64 182.77 N/A Sarn-Eth N/A 0.00 0.10 0.15 N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A N/A 0.10 4.91 193.10 Pt.Colb-Ing 0.20 0.30 0.40 0.45 5.04 198.51 0.05 4.86 191.13 Cardnl-Ing N/A N/A N/A 0.45 0.15 4.96 195.07 W O Feed 0.22 0.12 5.06 199.30 US Rep 0.55 0.45 5.39 212.29 Toledo El. -0.24 4.60 181.21 -0.36 4.45 174.99 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.21 5.05199 0.05 4.86191 1/8 MID SD CRN -0.32 1/2 4.481 HI SD CRN -0.30 4.50 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0887 up 0.0000 Chicago soybeans closed slightly lower. JUL14 HI 14.93 1/2 NOV14 HI 12.29 3/4 LOW 14.62 1/2 LOW 12.14 CLOSE14.70 1/4 Down 16 1/2 CLOSE 12.17 3/4 Down 4 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+AUG14 CK Low 1.23 15.93 585.420.35 12.53 460.31 CK High 1.28 15.98 587.260.45 12.63 463.98 CK Average 1.25 -0.0515.95 586.220.41 -0.7012.59 462.45 Essex Cty 1.58 16.28 598.280.65 12.83 471.33 Mdsx Low 1.23 15.93 585.420.35 12.53 460.31 Mdsx High 1.30 16.00 587.990.40 12.58 462.14 Mdsx Average 1.27 -0.0415.97 586.710.38 -0.7312.55 461.23 Hensall 1.33 16.03 588.910.38 12.55 461.23 Bruce 1.30 16.00 587.990.35 12.53 460.31 Putnam 1.15 15.85 582.480.35 12.53 460.31 Burford 1.26 15.96 586.520.43 12.61 463.25 Port Perry 1.23 15.93 585.420.40 12.58 462.14 Norfolk 1.28 15.98 587.260.40 12.58 462.14 Palmerston 1.35 16.05 589.830.40 12.58 462.14 Varna 1.35 16.05 589.830.40 12.58 462.14 Trenton 1.20 15.90 584.320.35 12.53 460.31 Winchester N/A N/A North Gower 1.46 16.16 593.870.74 12.92 474.64 Huron FOB 1.45 16.15 593.500.50 12.68 465.82 Kent FOB 1.28 15.98 587.260.40 12.58 462.14 Lambton FOB 1.28 15.98 587.260.40 12.58 462.14 Middlesex FOB1.62 N/A N/A N/A 16.32 599.750.59 12.77 469.13 PROCESSORS Hamilton 1.89 1.74 1.80 N/A 16.59 609.670.95 13.13 482.35 Windsor 1.80 1.72 1.66 N/A 16.50 606.360.88 13.06 479.78 Winchester N/A N/A TRANSFER Hamilton 1.83 N/A N/A N/A 16.53 607.470.90 13.08 480.52 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.72 16.42 603.421.45 13.63 500.72 Toledo El. 0.29 15.00 551.02-0.31 11.87 436.22 Bank of Canada Noon exchange rate was 1.0887 up 0.0000 Chicago wheat closed moderately lower. JUL14 HI 6.91 JUL14 HI 6.91 LOW 6.76 3/4 LOW 6.76 3/4 CLOSE 6.78 1/4 Down 12 CLOSE 6.78 1/4 Down 12 Minni wheat closed lower. JUL14 HI 7.80 SEP14 HI 7.83 3/4 LOW 7.51 1/4 LOW 7.58 CLOSE 7.55 Down 23 1/4 CLOSE 7.62 3/4 Down 20 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.24 0.57 0.13 -0.34 CAD $/bu 7.02 7.35 6.91 7.21 CAD $/tonne 258.07 270.07 254.07 264.77 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 0.15 -0.30 N/A London 0.28 0.50 -0.15 N/A 0.19 0.14 -0.30 N/A Hensall 0.25 N/A -0.25 N/A 0.25 N/A -0.30 N/A Trenton N/A N/A N/A N/A N/A N/A -0.15 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A -0.14 N/A N/A N/A -0.28 N/A Norwich 0.25 N/A -0.25 N/A 0.25 N/A -0.30 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 0.25 N/A -0.25 N/A 0.25 N/A -0.30 N/A Chatham N/A N/A -0.10 N/A N/A N/A -0.30 N/A Brigden N/A N/A -0.10 N/A N/A N/A -0.30 N/A Palmerston N/A 0.45 -0.21 0.12 N/A 0.36 -0.29 -0.24 Varna 0.20 0.50 -0.20 N/A 0.20 0.10 -0.35 N/A Mitchell 0.25 0.50 -0.25 N/A 0.25 0.15 -0.30 N/A Thornton N/A N/A N/A -0.54 N/A N/A N/A N/A North Gower N/A N/A N/A -0.35 N/A N/A N/A 0.03 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 0.00 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 0.76N/A 1.05N/A 0.78N/A Toledo El. 6.67US 7.26CA 6.80US 7.42CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.29 0.40 -0.04 -0.02 CAD $/bu 7.07 7.18 6.74 7.61 CAD $/tonne 259.81 263.81 247.78 279.65 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 335.00 Bayport Oats 350.00 Bayport Barley 270.00 FOB Hm Soymeal 638.69 - 646.41 DDG's FOB Srn & Aylm 305.00