FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 28 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.2451 up 0.0047 Chicago corn closed moderately lower. MAR15 HI 3.81 1/2 DEC15 HI 4.11 3/4 LOW 3.73 LOW 4.04 CLOSE3.73 1/4 Down 8 CLOSE 4.04 1/4 Down 7 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR15+MAY15+MAY15 CK Low 0.70 4.43 174.50 0.30 4.34 170.96 CK High 0.75 4.48 176.47 0.35 4.39 172.93 CK Avg 0.71 -0.23 4.44 174.83 0.31 -0.71 4.35 171.28 Essex Cty 0.70 4.43 174.50 0.30 4.34 170.96 Mdsx Low 0.70 4.43 174.50 0.30 4.34 170.96 Mdsx High 0.70 4.43 174.50 0.30 4.34 170.96 Mdsx Avg 0.70 -0.24 4.43 174.50 0.30 -0.72 4.34 170.96 Hensall 0.70 4.43 174.50 0.30 4.34 170.96 Bruce 0.70 4.43 174.50 0.30 4.34 170.96 Putnam 0.70 4.43 174.50 0.25 4.29 168.99 Burford 0.70 4.43 174.50 0.30 4.34 170.96 Port Perry 0.65 4.38 172.53 0.30 4.34 170.96 Norfolk 0.70 4.43 174.50 0.30 4.34 170.96 Palmerston 0.70 4.43 174.50 0.30 4.34 170.96 Varna 0.70 4.43 174.50 0.30 4.34 170.96 Trenton 0.85 4.58 180.41 0.45 4.49 176.86 Winchester 0.95 4.68 184.34 0.75 4.79 188.67 North Gower 0.95 4.68 184.34 0.65 4.69 184.74 Huron FOB 0.80 4.53 178.44 0.35 4.39 172.93 Kent FOB 0.70 4.43 174.50 0.30 4.34 170.96 Lamb FOB 0.70 4.43 174.50 0.30 4.34 170.96 Mdsx FOB 0.70 0.70 0.65 0.75 4.43 174.50 0.30 4.34 170.96 FOB SW Que N/A 0.73 4.77 187.89 Track 1.03 4.76 187.29N/A PROCESSORS Chat-Eth N/A N/A N/A N/A 0.75 4.79 188.67 Jhnstwn-Eth N/A N/A N/A N/A 0.90 4.94 194.58 Aylmer-Eth N/A N/A N/A 0.85 N/A Sarn-Eth N/A 1.00 1.00 1.00 N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A 1.05 0.70 4.74 186.70 Pt.Colb-Ing N/A N/A N/A N/A 0.75 4.79 188.67 Cardnl-Ing N/A N/A N/A N/A 0.85 4.89 192.61 W O Feed 1.09 0.78 4.82 189.70 US Rep 1.25 0.94 4.98 196.15 Toledo El. -0.19 3.54 139.55 -0.54 3.50 137.96 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.65 4.38172 1/2 0.65 4.69184 3/4 MID SD CRN 0.72 1/2 4.45 3/4 HI SD CRN 0.75 4.48 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.2451 up 0.0047 Chicago soybeans closed slightly lower. MAR15 HI 9.77 3/4 NOV15 HI 9.66 LOW 9.66 1/4 LOW 9.56 1/4 CLOSE9.70 1/4 Down 3 1/2 CLOSE 9.58 1/4 Down 4 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY15 CK Low 1.64 11.34 416.771.45 11.03 405.37 CK High 1.80 11.50 422.641.55 11.13 409.05 CK Average 1.72 -0.7311.42 419.521.50 -0.9111.09 407.33 Essex Cty 2.12 11.82 434.401.73 11.31 415.66 Mdsx Low 1.62 11.32 416.031.45 11.03 405.37 Mdsx High 1.70 11.40 418.971.50 11.08 407.21 Mdsx Average 1.66 -0.7911.36 417.501.48 -0.9311.06 406.29 Hensall 1.70 11.40 418.971.50 11.08 407.21 Bruce 1.70 11.40 418.971.50 11.08 407.21 Putnam 1.70 11.40 418.971.50 11.08 407.21 Burford 1.65 11.35 417.131.48 11.06 406.48 Port Perry 1.62 11.32 416.031.45 11.03 405.37 Norfolk 1.70 11.40 418.971.50 11.08 407.21 Palmerston 1.70 11.40 418.971.50 11.08 407.21 Varna 1.70 11.40 418.971.50 11.08 407.21 Trenton 1.65 11.35 417.131.45 11.03 405.37 Winchester 2.25 11.95 439.181.85 11.43 420.07 North Gower 2.16 11.86 435.871.81 11.39 418.60 Huron FOB 1.90 11.60 426.321.55 11.13 409.05 Kent FOB 1.70 11.40 418.971.50 11.08 407.21 Lambton FOB 1.70 11.40 418.971.50 11.08 407.21 Middlesex FOB1.92 1.92 2.02 N/A 11.62 427.051.68 11.26 413.83 PROCESSORS Hamilton 2.37 2.38 2.44 N/A 12.07 443.592.07 11.65 428.16 Windsor 2.33 2.23 2.23 2.18 12.03 442.121.94 11.52 423.38 Winchester N/A N/A TRANSFER Hamilton 2.40 N/A N/A N/A 12.10 444.691.87 11.45 420.81 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A N/A Toledo El. -0.20 9.50 349.14-0.48 9.11 334.62 Bank of Canada Noon exchange rate was 1.2451 up 0.0047 Chicago wheat closed lower. MAR15 HI 5.20 1/2 JUL15 HI 5.30 LOW 5.03 LOW 5.14 CLOSE 5.05 1/4 Down 13 3/4 CLOSE 5.16 Down 12 3/4 Minni wheat closed moderately lower. MAR15 HI 5.66 1/2 SEP15 HI 5.90 LOW 5.54 LOW 5.79 1/2 CLOSE 5.55 Down 11 1/2 CLOSE 5.79 3/4 Down 11 GFO Cash Wheat Prices - DEL Terminal Current Crop 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.03 1.59 1.21 0.78 CAD $/bu 7.08 6.64 6.27 6.33 CAD $/tonne 260.14 244.03 230.22 232.41 Direct MarkHarvest 2014 Harvest 2015 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 1.25 0.66 N/A London 2.10 1.35 1.10 N/A 1.15 1.28 0.53 N/A Hensall 2.15 N/A 1.15 N/A 1.25 N/A 0.55 N/A Trenton N/A N/A N/A N/A N/A N/A 0.55 N/A Winchester N/A N/A N/A N/A N/A N/A N/A 0.25 Essex N/A N/A 1.19 N/A N/A N/A 0.61 N/A Norwich 2.15 N/A 1.15 N/A 1.35 N/A 0.65 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 2.15 N/A 1.15 N/A 1.35 N/A 0.55 N/A Chatham N/A 1.70 1.10 N/A N/A 1.25 0.60 N/A Brigden N/A N/A 1.10 N/A N/A N/A 0.60 N/A Palmerston N/A 1.80 1.10 0.60 N/A 1.35 0.60 0.30 Varna 2.15 1.75 1.15 N/A 1.25 1.25 0.55 N/A Mitchell 2.15 1.75 1.15 N/A 1.25 1.25 0.55 N/A Thornton N/A N/A N/A 0.31 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 0.98 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 1.18 N/A N/A N/A 1.00 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 3.28N/A 1.59N/A N/A N/A 1.55N/A Toledo El. 5.17US 6.48CA 5.23US 6.54CA GFO Contract Wheat Prices - DEL Terminal Harvest 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.30 1.80 0.86 1.02 CAD $/bu 6.46 6.96 6.02 6.82 CAD $/tonne 237.26 255.66 221.17 250.48 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 Bayport Oats 300.00 Bayport Barley 275.00 FOB Hm Soymeal 526.25 - 537.28 DDG's FOB Srn & Aylm 250.00