FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0898 down 0.0035 Chicago corn closed slightly higher. JUL14 HI 4.82 1/2 DEC14 HI 4.79 1/4 LOW 4.72 1/2 LOW 4.68 3/4 CLOSE4.76 3/4 Up 2 1/4 CLOSE 4.73 1/2 Up 1 3/4 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 4.47 175.88 -0.30 4.44 174.60 CK High -0.25 4.52 177.85 -0.30 4.44 174.60 CK Avg -0.29 -0.72 4.48 176.40 -0.30 -0.74 4.44 174.60 Essex Cty -0.10 4.67 183.75 -0.35 4.39 172.63 Mdsx Low -0.30 4.47 175.88 -0.30 4.44 174.60 Mdsx High -0.30 4.47 175.88 -0.30 4.44 174.60 Mdsx Avg -0.30 -0.73 4.47 175.88 -0.30 -0.74 4.44 174.60 Hensall -0.28 4.49 176.86 -0.28 4.46 175.58 Bruce -0.30 4.47 175.88 -0.30 4.44 174.60 Putnam -0.30 4.47 175.88 -0.30 4.44 174.60 Burford -0.30 4.47 175.88 -0.30 4.44 174.60 Port Perry -0.35 4.42 173.91 -0.30 4.44 174.60 Norfolk -0.27 4.50 177.06 -0.30 4.44 174.60 Palmerston -0.28 4.49 176.67 -0.25 4.49 176.57 Varna -0.30 4.47 175.88 -0.30 4.44 174.60 Trenton -0.10 4.67 183.75 -0.30 4.44 174.60 Winchester N/A N/A North Gower 0.05 4.82 189.66 0.02 4.76 187.20 Huron FOB -0.05 4.72 185.72 -0.28 4.46 175.39 Kent FOB -0.27 4.50 177.06 -0.30 4.44 174.60 Lamb FOB -0.27 4.50 177.06 -0.30 4.44 174.60 Mdsx FOB -0.25N/A N/A N/A 4.52 177.85 -0.25 4.49 176.57 FOB SW Que 0.45 5.22 205.40 0.03 4.77 187.59 Track 0.15 4.92 193.59N/A PROCESSORS Chat-Eth -0.20 -0.20 -0.10 -0.05 4.57 179.81N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.20 -0.20 -0.10 -0.05 4.57 179.81 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 0.00 4.74 186.41 Pt.Colb-Ing 0.20 0.30 0.40 0.45 4.97 195.56 0.05 4.79 188.38 Cardnl-Ing N/A N/A N/A 0.45 0.15 4.89 192.31 W O Feed 0.22 0.12 4.99 196.35 US Rep 0.45 0.35 5.22 205.40 Toledo El. -0.22 4.55 179.10 -0.36 4.37 172.21 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.20 4.97195 5/9 -0.05 4.69184 4/9 MID SD CRN -0.30 4.43 1/2 HI SD CRN -0.30 4.43 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0898 down 0.0035 Chicago soybeans closed slightly to moderately higher. JUL14 HI 15.36 3/4 NOV14 HI 12.79 LOW 15.03 LOW 12.52 CLOSE15.18 3/4 Up 13 1/2 CLOSE 12.70 3/4 Up 17 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+AUG14 CK Low 1.35 16.54 607.650.45 13.16 483.46 CK High 1.44 16.63 610.960.50 13.21 485.29 CK Average 1.38 0.01 16.57 608.750.48 -0.7013.19 484.50 Essex Cty 1.63 16.82 617.940.72 13.43 493.38 Mdsx Low 1.40 16.59 609.490.45 13.16 483.46 Mdsx High 1.44 16.63 610.960.47 13.18 484.19 Mdsx Average 1.42 0.05 16.61 610.220.46 -0.7213.17 483.82 Hensall 1.40 16.59 609.490.45 13.16 483.46 Bruce 1.40 16.59 609.490.45 13.16 483.46 Putnam 1.40 16.59 609.490.45 13.16 483.46 Burford 1.47 16.66 612.060.50 13.21 485.29 Port Perry 1.44 16.63 610.960.47 13.18 484.19 Norfolk 1.39 16.58 609.120.50 13.21 485.29 Palmerston 1.40 16.59 609.490.45 13.16 483.46 Varna 1.40 16.59 609.490.45 13.16 483.46 Trenton 1.30 16.49 605.810.45 13.16 483.46 Winchester N/A N/A North Gower 1.46 16.65 611.690.82 13.53 497.05 Huron FOB 1.50 16.69 613.160.55 13.26 487.13 Kent FOB 1.39 16.58 609.120.50 13.21 485.29 Lambton FOB 1.39 16.58 609.120.50 13.21 485.29 Middlesex FOB1.68 N/A N/A N/A 16.87 619.770.69 13.40 492.27 PROCESSORS Hamilton 1.94 1.73 1.80 N/A 17.13 629.330.95 13.66 501.83 Windsor 1.86 N/A N/A N/A 17.05 626.390.95 13.66 501.83 Winchester N/A N/A TRANSFER Hamilton 1.90 N/A N/A N/A 17.09 627.860.92 13.63 500.72 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.79 16.98 623.821.52 14.23 522.77 Toledo El. 0.29 15.48 568.86-0.31 12.40 455.68 Bank of Canada Noon exchange rate was 1.0898 down 0.0035 Chicago wheat closed slightly lower. JUL14 HI 6.69 3/4 JUL14 HI 6.69 3/4 LOW 6.54 LOW 6.54 CLOSE 6.59 1/4 Down 5 CLOSE 6.59 1/4 Down 5 Minni wheat closed slightly lower. JUL14 HI 7.42 3/4 SEP14 HI 7.50 LOW 7.27 3/4 LOW 7.34 3/4 CLOSE 7.31 Down 7 3/4 CLOSE 7.37 3/4 Down 8 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.24 0.56 0.13 -0.35 CAD $/bu 6.83 7.16 6.72 6.96 CAD $/tonne 250.91 262.93 246.90 255.62 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 -0.31 N/A London 0.25 0.46 -0.25 N/A 0.18 0.12 -0.32 N/A Hensall 0.25 N/A -0.25 N/A 0.20 N/A -0.35 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 -0.16 N/A N/A N/A -0.30 N/A Norwich 0.25 N/A -0.25 N/A 0.20 N/A -0.35 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 0.20 N/A -0.35 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 0.46 -0.21 0.11 N/A 0.37 -0.29 -0.24 Varna 0.25 0.50 -0.25 N/A 0.25 0.15 -0.30 N/A Mitchell 0.25 0.50 -0.25 N/A 0.20 0.10 -0.35 N/A Thornton N/A N/A N/A -0.53 N/A N/A N/A N/A North Gower N/A N/A N/A -0.35 N/A N/A N/A 0.01 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 0.01 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 0.77N/A Toledo El. 6.48US 7.07CA 6.61US 7.22CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.28 0.39 -0.05 -0.03 CAD $/bu 6.87 6.98 6.55 7.35 CAD $/tonne 252.61 256.62 240.56 270.07 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 335.00 - 340.00 Bayport Oats 350.00 Bayport Barley 280.00 FOB Hm Soymeal 655.34 - 663.05 DDG's FOB Srn & Aylm 305.00 - 310.00