FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.2288 up 0.0087 Chicago corn closed moderately lower. JUL15 HI 3.67 3/4 DEC15 HI 3.84 3/4 LOW 3.59 3/4 LOW 3.77 CLOSE3.60 Down 5 CLOSE 3.77 3/4 Down 4 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL15+JUL15+SEP15 CK Low 0.50 4.10 161.41 0.20 3.98 156.59 CK High 0.58 4.18 164.56 0.25 4.03 158.56 CK Avg 0.55 -0.28 4.15 163.25 0.21 -0.66 3.99 157.05 Essex Cty 0.61 4.21 165.74 0.23 4.01 157.77 Mdsx Low 0.55 4.15 163.38 0.20 3.98 156.59 Mdsx High 0.55 4.15 163.38 0.20 3.98 156.59 Mdsx Avg 0.55 -0.28 4.15 163.38 0.20 -0.67 3.98 156.59 Hensall 0.57 4.17 163.97 0.24 4.02 158.16 Bruce 0.55 4.15 163.38 0.20 3.98 156.59 Putnam 0.50 4.10 161.41 0.15 3.93 154.62 Burford 0.55 4.15 163.38 0.20 3.98 156.59 Port Perry 0.55 4.15 163.38 0.20 3.98 156.59 Norfolk 0.58 4.18 164.56 0.22 4.00 157.37 Palmerston 0.55 4.15 163.38 0.20 3.98 156.59 Varna 0.53 4.13 162.59 0.20 3.98 156.59 Trenton 0.80 4.40 173.22 0.30 4.08 160.52 Winchester 0.90 4.50 177.16 0.85 4.63 182.18 North Gower 1.00 4.60 181.09 0.75 4.53 178.24 Huron FOB 0.60 4.20 165.35 0.28 4.06 159.74 Kent FOB 0.58 4.18 164.56 0.22 4.00 157.37 Lamb FOB 0.58 4.18 164.56 0.22 4.00 157.37 Mdsx FOB 0.55 0.55N/A N/A 4.15 163.38 0.20 3.98 156.59 FOB SW Que N/A N/A Track 1.08 4.68 184.05N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A N/A N/A N/A 0.40 4.18 164.46 Sarn-Eth N/A 0.75 0.80 0.85 N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A 0.95 1.00 0.55 4.33 170.37 Pt.Colb-Ing N/A N/A N/A 0.95 0.55 4.33 170.37 Cardnl-Ing N/A N/A N/A 1.00 0.80 4.58 180.21 W O Feed 1.06 0.78 4.66 183.46 US Rep 1.18 0.90 4.78 188.18 Toledo El. -0.05 3.55 139.79 -0.37 3.41 134.18 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton N/A N/A MID SD CRN 0.22 1/2 4.00 1/4 HI SD CRN 0.25 4.02 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.2288 up 0.0087 Chicago soybeans closed slightly to moderately lower. JUL15 HI 9.42 1/2 NOV15 HI 9.23 1/4 LOW 9.22 3/4 LOW 9.06 CLOSE9.24 1/4 Down 14 1/4 CLOSE 9.07 Down 11 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG15 CK Low 1.60 10.84 398.391.25 10.32 379.20 CK High 1.70 10.94 402.071.35 10.42 382.87 CK Average 1.64 -0.4910.88 399.921.30 -0.7910.37 381.09 Essex Cty 1.94 11.18 410.891.48 10.55 387.65 Mdsx Low 1.60 10.84 398.391.25 10.32 379.20 Mdsx High 1.65 10.89 400.231.27 10.34 379.93 Mdsx Average 1.63 -0.5110.87 399.311.26 -0.8310.33 379.56 Hensall 1.60 10.84 398.391.25 10.32 379.20 Bruce 1.60 10.84 398.391.25 10.32 379.20 Putnam 1.40 10.64 391.041.10 10.17 373.68 Burford 1.68 10.92 401.331.30 10.37 381.03 Port Perry 1.65 10.89 400.231.27 10.34 379.93 Norfolk 1.65 10.89 400.231.32 10.39 381.77 Palmerston 1.65 10.89 400.231.30 10.37 381.03 Varna 1.60 10.84 398.391.25 10.32 379.20 Trenton 1.60 10.84 398.391.25 10.32 379.20 Winchester 1.70 10.94 402.071.51 10.58 388.75 North Gower 1.27 10.51 386.271.49 10.56 388.01 Huron FOB 1.70 10.94 402.071.35 10.42 382.87 Kent FOB 1.65 10.89 400.231.32 10.39 381.77 Lambton FOB 1.65 10.89 400.231.32 10.39 381.77 Middlesex FOB1.82 1.82 1.82 N/A 11.06 406.481.38 10.45 383.97 PROCESSORS Hamilton 2.19 2.19 N/A N/A 11.43 420.071.80 10.87 399.40 Windsor 2.15 2.09 2.03 1.85 11.39 418.601.69 10.76 395.36 Winchester N/A N/A TRANSFER Hamilton N/A N/A 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. -0.04 9.21 338.25-0.41 8.66 318.34 Bank of Canada Noon exchange rate was 1.2288 up 0.0087 Chicago wheat closed moderately lower. JUL15 HI 5.29 JUL15 HI 5.29 LOW 5.11 LOW 5.11 CLOSE 5.15 1/4 Down 6 3/4 CLOSE 5.15 1/4 Down 6 3/4 Minni wheat closed moderately lower. JUL1515 HI 5.83 SEP15 HI 5.94 LOW 5.67 1/2 LOW 5.78 1/2 CLOSE 5.68 3/4 Down 9 1/2 CLOSE 5.80 Down 9 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.73 1.74 0.94 0.88 CAD $/bu 7.88 6.90 6.10 6.57 CAD $/tonne 289.54 253.36 223.97 241.38 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 0.50 N/A N/A 1.30 0.70 N/A London 2.78 1.43 0.76 N/A 2.50 1.45 0.77 N/A Hensall 2.50 N/A 0.50 N/A 2.50 N/A 0.50 N/A Trenton N/A N/A N/A N/A N/A N/A 0.60 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.56 N/A N/A N/A 0.76 N/A Norwich 2.50 N/A 0.50 N/A 2.50 N/A 0.50 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 2.50 N/A 0.50 N/A 2.50 N/A 0.50 N/A Chatham N/A N/A N/A N/A N/A 1.35 0.70 N/A Brigden N/A N/A N/A N/A N/A N/A 0.70 N/A Palmerston N/A 1.30 0.50 0.40 N/A 1.30 0.60 0.50 Varna 2.50 1.30 0.60 N/A 2.50 1.30 0.60 N/A Mitchell 2.50 1.75 0.50 N/A 2.50 1.25 0.50 N/A Thornton N/A N/A N/A 0.04 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 1.12 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 N/A N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 3.96N/A 1.44N/A N/A N/A 1.44N/A Toledo El. 5.17US 6.37CA 5.22US 6.43CA GFO Contract Wheat Prices - DEL Terminal Harvest 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.79 1.74 1.09 1.15 CAD $/bu 7.94 6.90 6.24 6.95 CAD $/tonne 291.80 253.36 229.39 255.51 (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 484.14 - 489.65 DDG's FOB Srn & Aylm 210.00 - 215.00