FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 16 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0231 up 0.0166 Chicago corn closed sharply lower. DEC10 HI 5.56 1/4 DEC11 HI 5.18 LOW 5.25 1/2 LOW 4.89 CLOSE5.26 1/2 Down 29 CLOSE 4.92 Down 27 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR11+MAR11+MAR11 CK Low -0.90 4.37 171.84 -0.85 4.07 160.23 CK High -0.82 4.45 174.99 -0.80 4.12 162.20 CK Avg -0.87 -0.99 4.40 173.02 -0.84 -0.97 4.08 160.56 Essex Cty -0.85 4.42 173.81 -0.85 4.07 160.23 Mdsx Low -0.90 4.37 171.84 -0.85 4.07 160.23 Mdsx High -0.85 4.42 173.81 -0.85 4.07 160.23 Mdsx Avg -0.88 -1.01 4.38 172.50 -0.85 -0.98 4.07 160.23 Hensall -0.88 4.39 172.83 -0.83 4.10 161.21 Bruce -0.85 4.42 173.81 -0.80 4.12 162.20 Putnam -0.85 4.42 173.81 -0.80 4.12 162.20 Princeton -0.85 4.42 173.81 -0.85 4.07 160.23 Durham -1.20 4.07 160.03 -0.85 4.07 160.23 Norfolk -0.82 4.45 174.99 -0.80 4.12 162.20 Trenton -0.95 4.32 169.87 -0.90 4.02 158.26 Winchester -0.85 4.42 173.81 -0.85 4.07 160.23 North Gower N/A N/A Huron FOB -0.85 4.42 173.81 -0.80 4.12 162.20 Kent FOB -0.82 4.45 174.99 -0.80 4.12 162.20 Lamb FOB -0.82 4.45 174.99 -0.80 4.12 162.20 Mdsx FOB -0.90 -0.90 -0.85N/A 4.37 171.84 -0.85 4.07 160.23 FOB SW Que -0.60 4.67 183.65 -0.60 4.32 170.07 Track -0.53 4.74 186.61N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.27 168.10 Jhnstwn-Eth N/A N/A N/A N/A -0.50 4.42 174.01 Aylmer-Eth N/A -0.95 -0.85 -0.85 N/A Sarn-Eth N/A N/A -0.70 -0.55 N/A Cllngwd-Eth -0.60N/A N/A N/A 4.67 183.65N/A London-Cas N/A -0.85 -0.75 -0.75 -0.55 4.37 172.04 Pt.Colb-Cas N/A N/A -0.60 -0.50 -0.50 4.42 174.01 Cardnl-Cas N/A N/A N/A N/A -0.35 4.57 179.91 W O Feed -0.47 -0.49 4.80 188.77 US Rep 0.10 0.08 5.37 211.21 Toledo El. -0.09 5.17 203.65 -0.48 4.44 174.70 TRANSFER Sarnia -0.85 4.42 173.81 -0.85 4.07 160.23 Pt. Stanley -0.90 4.37 171.84 -0.86 4.06 159.84 Hamilton -0.85 4.42 173.81 -0.51 4.41173 3/5 MID SD CRN -0.86 4.40 1/2 HI SD CRN -0.82 4.44 1/2 Bank of Canada Noon exchange rate was 1.0231 up 0.0166 Chicago soybeans closed sharply lower. JAN11 HI 12.89 3/4 NOV11 HI 12.01 LOW 12.16 1/2 LOW 11.29 1/4 CLOSE12.19 3/4 Down 66 3/4 CLOSE 11.36 1/4 Down 57 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -1.57 10.63 390.49-1.17 10.19 374.51 CK High -1.12 11.08 407.03-1.09 10.27 377.45 CK Average -1.33 -1.6110.87 399.39-1.11-1.4110.25 376.64 Essex Cty -1.43 10.77 395.64-1.16 10.20 374.88 Mdsx Low -1.61 10.59 389.02-1.21 10.15 373.04 Mdsx High -1.05 11.15 409.60-1.04 10.32 379.29 Mdsx Average -1.35 -1.6410.84 398.45-1.13-1.4310.23 375.86 Hensall -1.38 10.82 397.66-1.10 10.26 377.08 Bruce -1.40 10.80 396.74-1.15 10.21 375.25 Putnam -1.45 10.75 394.90-1.15 10.21 375.25 Princeton -1.41 10.79 396.37-1.12 10.24 376.35 Durham -1.07 11.13 408.87-1.09 10.27 377.45 Norfolk -1.22 10.98 403.35-1.04 10.32 379.29 Trenton -1.20 11.00 404.09-1.10 10.26 377.08 Winchester -1.03 11.17 410.34-0.86 10.50 385.90 North Gower N/A N/A Huron FOB -1.20 11.00 404.09-1.00 10.36 380.76 Kent FOB -1.27 10.93 401.52-1.04 10.32 379.29 Lambton FOB -1.27 10.93 401.52-1.04 10.32 379.29 Middlesex FOB-0.68-0.57-0.73 N/A 11.52 423.20-0.95 10.41 382.59 PROCESSORS Hamilton -0.59-0.44-0.37-0.37 11.61 426.50-0.60 10.76 395.45 Windsor -0.76-0.50-0.45-0.44 11.44 420.26-0.71 10.65 391.41 Winchester -1.16 11.04 405.56-0.86 10.50 385.90 TRANSFER Hamilton -0.75-0.65 N/A N/A 11.45 420.62-0.70 10.66 391.78 Pt. Stanley -1.20 11.00 404.09-1.30 10.06 369.73 Sarnia -1.11 11.09 407.40-0.79 10.57 388.47 Owen Sound N/A N/A Sorel QC 0.00 12.20 448.18-0.15 11.21 411.99 Toledo El. -0.34 11.86 435.78-0.54 10.82 397.51 Bank of Canada Noon exchange rate was 1.0231 up 0.0166 Chicago wheat closed sharply lower. DEC10 HI 6.74 JUL11 HI 7.48 LOW 6.24 1/4 LOW 6.98 CLOSE 6.26 1/4 Down 46 1/2 CLOSE 7.00 1/4 Down 48 1/4 Minni wheat closed sharply lower. DEC10 HI 7.46 1/2 SEP11 HI 7.81 1/2 LOW 7.02 1/4 LOW 7.39 CLOSE 7.05 1/2 Down 40 1/2 CLOSE 7.39 Down 43 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.62 -0.37 -0.62 -0.66 CAD $/bu 5.64 5.90 5.64 6.40 CAD $/tonne 207.23 216.63 207.23 235.15 Direct MarkHarvest 2010 Harvest 2011 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 -0.90 -1.55 N/A N/A -1.10 -2.05 N/A London -0.78 -0.73 -1.49 N/A -1.07 -1.02 -1.99 N/A Hensall -0.80 N/A -1.35 N/A -1.25 N/A -2.05 N/A Trenton N/A N/A -1.75 N/A N/A N/A -2.05 N/A Winchester N/A N/A N/A -0.87 N/A N/A N/A -1.09 Essex N/A N/A -1.22 N/A N/A N/A -2.02 N/A Norwich -0.80 N/A -1.45 N/A -1.25 N/A -2.05 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.80 N/A -1.45 N/A -1.25 N/A -2.05 N/A Chatham N/A -0.65 -1.30 N/A N/A -1.00 -1.95 N/A Brigden N/A -0.65 -1.30 N/A N/A -1.00 -1.95 N/A Palmerston N/A -0.75 -1.07 -0.56 N/A -1.02 -1.66 -0.80 Mitchell -0.80 -0.70 -1.45 N/A -1.25 -1.10 -2.05 N/A Thornton N/A N/A N/A -0.96 N/A N/A N/A -1.26 North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia N/A N/A N/A N/A -1.06 -0.76 -1.72 N/A Hamilton N/A N/A -0.35 N/A N/A N/A -1.60 N/A Pt. Stanley N/A N/A -0.70 N/A N/A N/A -2.05 N/A PROCESSORS Toledo FM N/A 0.76 -0.26 N/A 0.44 -0.12 -0.64 N/A Toledo El. 5.71US 5.84CA 5.97US 6.13CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.15 -0.79 -1.56 -0.88 CAD $/bu 5.85 6.21 5.44 6.51 CAD $/tonne 215.08 228.28 199.99 239.12 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 250.00 - 260.00 Bayport Oats 305.00 Bayport Barley 235.00 FOB Hm Soymeal 380.08 - 386.70 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00