FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, November 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0187 down 0.0021 Chicago corn closed moderately lower. DEC10 HI 5.32 1/4 DEC11 HI 5.00 LOW 5.11 3/4 LOW 4.82 CLOSE5.15 1/4 Down 5 1/2 CLOSE 4.83 1/4 Down 7 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR11+MAR11+MAR11 CK Low -0.80 4.35 171.35 -0.80 4.03 158.75 CK High -0.75 4.40 173.32 -0.80 4.03 158.75 CK Avg -0.76 -0.86 4.39 172.99 -0.80 -0.92 4.03 158.75 Essex Cty -0.80 4.35 171.35 -0.80 4.03 158.75 Mdsx Low -0.80 4.35 171.35 -0.80 4.03 158.75 Mdsx High -0.75 4.40 173.32 -0.80 4.03 158.75 Mdsx Avg -0.77 -0.87 4.39 172.66 -0.80 -0.92 4.03 158.75 Hensall -0.75 4.40 173.32 -0.78 4.06 159.74 Bruce -0.75 4.40 173.32 -0.80 4.03 158.75 Putnam -0.75 4.40 173.32 -0.80 4.03 158.75 Princeton -0.80 4.35 171.35 -0.80 4.03 158.75 Durham -1.05 4.10 161.51 -0.80 4.03 158.75 Norfolk -0.75 4.40 173.32 -0.80 4.03 158.75 Trenton -0.85 4.30 169.38 -0.85 3.98 156.78 Winchester -0.80 4.35 171.35 -0.80 4.03 158.75 North Gower N/A N/A Huron FOB -0.75 4.40 173.32 -0.75 4.08 160.72 Kent FOB -0.75 4.40 173.32 -0.80 4.03 158.75 Lamb FOB -0.75 4.40 173.32 -0.80 4.03 158.75 Mdsx FOB -0.75 -0.75 -0.70N/A 4.40 173.32 -0.80 4.03 158.75 FOB SW Que -0.50 4.65 183.16 -0.55 4.28 168.59 Track -0.35 4.80 189.07N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.18 164.66 Jhnstwn-Eth N/A N/A N/A N/A -0.50 4.33 170.56 Aylmer-Eth N/A -0.95 -0.85 -0.85 N/A Sarn-Eth N/A N/A -0.60 -0.45 N/A Cllngwd-Eth -0.55N/A N/A N/A 4.60 181.19N/A London-Cas N/A -0.85 -0.75 -0.75 -0.55 4.28 168.59 Pt.Colb-Cas N/A N/A -0.60 -0.50 -0.50 4.33 170.56 Cardnl-Cas N/A N/A N/A N/A -0.35 4.48 176.47 W O Feed -0.38 -0.40 4.77 187.89 US Rep 0.25 0.23 5.40 212.69 Toledo El. -0.06 5.09 200.44 -0.48 4.35 171.29 TRANSFER Sarnia -0.80 4.35 171.35 -0.80 4.03 158.75 Pt. Stanley -0.86 4.29 168.99 -0.83 4.00 157.57 Hamilton -0.64 4.51 177.65 -0.47 4.36171 3/4 MID SD CRN -0.77 1/2 4.37 3/4 HI SD CRN -0.75 4.40 1/4 Bank of Canada Noon exchange rate was 1.0187 down 0.0021 Chicago soybeans closed slightly to moderately higher. JAN11 HI 12.23 NOV11 HI 11.44 1/2 LOW 11.9 LOW 11.14 CLOSE12.21 1/2 Up 20 CLOSE 11.35 Up 9 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -1.32 10.90 400.32-1.09 10.26 376.99 CK High -0.90 11.32 415.76-1.01 10.34 379.93 CK Average -1.05 -1.2811.17 410.32-1.05-1.3310.30 378.46 Essex Cty -1.24 10.98 403.26-1.03 10.32 379.20 Mdsx Low -1.27 10.95 402.16-1.10 10.25 376.62 Mdsx High -0.95 11.27 413.92-1.00 10.35 380.30 Mdsx Average -1.07 -1.3111.14 409.39-1.04-1.3210.31 378.83 Hensall -1.00 11.22 412.08-1.08 10.28 377.54 Bruce -1.00 11.22 412.08-1.05 10.30 378.46 Putnam -1.00 11.22 412.08-1.05 10.30 378.46 Princeton -1.24 10.98 403.26-1.01 10.34 379.93 Durham -0.97 11.25 413.18-1.04 10.31 378.83 Norfolk -0.97 11.25 413.18-1.09 10.26 376.99 Trenton -1.00 11.22 412.08-1.10 10.25 376.62 Winchester -0.84 11.38 417.96-0.86 10.49 385.44 North Gower N/A N/A Huron FOB -0.90 11.32 415.76-0.95 10.40 382.13 Kent FOB -1.02 11.20 411.35-1.09 10.26 376.99 Lambton FOB -1.02 11.20 411.35-1.09 10.26 376.99 Middlesex FOB-0.73-0.53-0.68 N/A 11.49 422.00-0.95 10.40 382.13 PROCESSORS Hamilton -0.53-0.32-0.23-0.23 11.69 429.35-0.42 10.93 401.61 Windsor -0.46-0.51-0.51-0.50 11.76 431.92-0.76 10.59 389.12 Winchester -0.70 11.52 423.10-0.72 10.63 390.59 TRANSFER Hamilton -0.40-0.30 N/A N/A 11.82 434.13-0.60 10.75 394.99 Pt. Stanley -0.85 11.37 417.59-1.05 10.30 378.46 Sarnia -0.99 11.23 412.45-0.58 10.77 395.73 Owen Sound N/A N/A Sorel QC -0.05 12.17 446.99-0.15 11.20 411.53 Toledo El. -0.29 11.93 438.34-0.54 10.81 397.09 Bank of Canada Noon exchange rate was 1.0187 down 0.0021 Chicago wheat closed steady to slightly higher. DEC10 HI 6.53 JUL11 HI 7.28 3/4 LOW 6.39 LOW 7.15 1/2 CLOSE 6.45 1/2 Up 1 CLOSE 7.20 1/4 Unchanged Minni wheat closed slightly higher. DEC10 HI 7.34 3/4 SEP11 HI 7.68 1/4 LOW 7.22 LOW 7.60 3/4 CLOSE 7.30 Up 4 1/4 CLOSE 7.61 Up 2 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.54 -0.28 -0.54 -0.67 CAD $/bu 5.92 6.17 5.92 6.63 CAD $/tonne 217.43 226.79 217.43 243.46 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 -0.70 -1.10 N/A N/A -0.90 -1.90 N/A London -0.70 -0.65 -1.11 N/A -1.10 -1.05 -1.96 N/A Hensall -0.70 N/A -1.00 N/A -1.05 N/A -1.85 N/A Trenton N/A N/A N/A N/A N/A N/A -1.90 N/A Winchester N/A N/A N/A -0.72 N/A N/A N/A -1.04 Essex N/A N/A -1.08 N/A N/A N/A -2.01 N/A Norwich -0.70 N/A -1.10 N/A -1.05 N/A -1.95 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.70 N/A -1.10 N/A -1.05 N/A -1.95 N/A Chatham N/A -0.65 -1.10 N/A N/A -1.00 -1.95 N/A Brigden N/A -0.65 -1.10 N/A N/A -1.00 -1.95 N/A Palmerston N/A -0.50 -1.03 -0.41 N/A -0.90 -1.62 -0.75 Mitchell -0.70 -0.60 -1.10 N/A -1.05 -0.90 -1.95 N/A Thornton N/A N/A N/A -0.95 N/A N/A N/A -1.31 North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia -0.04 0.16 -0.20 N/A -0.92 -0.61 -1.59 N/A Hamilton N/A N/A -0.20 N/A N/A N/A -1.55 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 0.74 -0.28 N/A 0.43 -0.13 -0.64 N/A Toledo El. 6.01US 6.12CA 6.17US 6.32CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.15 -0.80 -1.46 -0.89 CAD $/bu 6.05 6.41 5.74 6.72 CAD $/tonne 222.21 235.39 210.92 246.97 (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 245.00 FOB Hm Soymeal 389.78 - 391.99 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00