FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 23 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0245 up 0.0058 Chicago corn closed higher. DEC10 HI 5.31 1/2 DEC11 HI 4.96 1/2 LOW 5.06 1/4 LOW 4.76 CLOSE5.28 1/2 Up 13 1/4 CLOSE 4.94 3/4 Up 11 1/2 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 4.49 176.57 -0.80 4.15 163.28 CK High -0.70 4.59 180.50 -0.80 4.15 163.28 CK Avg -0.73 -0.86 4.55 179.19 -0.80 -0.94 4.15 163.28 Essex Cty -0.80 4.49 176.57 -0.80 4.15 163.28 Mdsx Low -0.80 4.49 176.57 -0.80 4.15 163.28 Mdsx High -0.70 4.59 180.50 -0.80 4.15 163.28 Mdsx Avg -0.73 -0.86 4.55 179.19 -0.80 -0.94 4.15 163.28 Hensall -0.70 4.59 180.50 -0.75 4.20 165.25 Bruce -0.70 4.59 180.50 -0.80 4.15 163.28 Putnam -0.70 4.59 180.50 -0.80 4.15 163.28 Princeton -0.80 4.49 176.57 -0.80 4.15 163.28 Durham -1.00 4.29 168.69 -0.80 4.15 163.28 Norfolk -0.75 4.54 178.54 -0.80 4.15 163.28 Trenton -0.85 4.44 174.60 -0.85 4.10 161.31 Winchester -0.80 4.49 176.57 -0.75 4.20 165.25 North Gower N/A N/A Huron FOB -0.70 4.59 180.50 -0.70 4.25 167.22 Kent FOB -0.75 4.54 178.54 -0.80 4.15 163.28 Lamb FOB -0.75 4.54 178.54 -0.80 4.15 163.28 Mdsx FOB -0.70 -0.70 -0.65N/A 4.59 180.50 -0.80 4.15 163.28 FOB SW Que -0.30 4.99 196.25 -0.45 4.50 177.06 Track -0.33 4.96 195.27N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.30 169.19 Jhnstwn-Eth N/A N/A N/A N/A -0.50 4.45 175.09 Aylmer-Eth N/A -0.95 -0.85 -0.85 N/A Sarn-Eth N/A N/A -0.60 -0.35 N/A Cllngwd-Eth -0.55N/A N/A N/A 4.74 186.41N/A London-Cas N/A N/A -0.80 -0.75 -0.55 4.40 173.12 Pt.Colb-Cas N/A N/A N/A -0.55 -0.50 4.45 175.09 Cardnl-Cas N/A N/A N/A N/A -0.45 4.50 177.06 W O Feed -0.38 -0.41 4.91 193.10 US Rep 0.25 0.22 5.54 217.90 Toledo El. -0.06 5.22 205.64 -0.48 4.46 175.74 TRANSFER Sarnia -0.80 4.49 176.57 -0.80 4.15 163.28 Pt. Stanley -0.86 4.43 174.20 -0.83 4.12 162.10 Hamilton -0.64 4.65 182.87 -0.47 4.48176 1/4 MID SD CRN -0.75 4.53 1/2 HI SD CRN -0.70 4.58 1/2 Bank of Canada Noon exchange rate was 1.0245 up 0.0058 Chicago soybeans closed moderately higher. JAN11 HI 12.46 1/2 NOV11 HI 11.55 LOW 12.01 1/2 LOW 11.15 CLOSE12.39 Up 17 1/2 CLOSE 11.49 Up 14 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -1.32 11.07 406.75-1.05 10.44 383.60 CK High -0.80 11.59 425.86-1.00 10.49 385.44 CK Average -0.95 -1.2511.44 420.35-1.02-1.3510.47 384.63 Essex Cty -1.24 11.15 409.69-1.03 10.46 384.34 Mdsx Low -1.27 11.12 408.59-1.05 10.44 383.60 Mdsx High -0.80 11.59 425.86-0.98 10.51 386.18 Mdsx Average -0.98 -1.2711.41 419.37-1.01-1.3410.48 385.07 Hensall -0.80 11.59 425.86-1.03 10.47 384.52 Bruce -0.80 11.59 425.86-1.00 10.49 385.44 Putnam -0.80 11.59 425.86-1.00 10.49 385.44 Princeton -1.24 11.15 409.69-1.01 10.48 385.07 Durham -0.88 11.51 422.92-1.00 10.49 385.44 Norfolk -0.93 11.46 421.08-1.03 10.46 384.34 Trenton -1.00 11.39 418.51-1.10 10.39 381.77 Winchester -0.85 11.54 424.02-0.90 10.59 389.12 North Gower N/A N/A Huron FOB -0.70 11.69 429.53-0.90 10.59 389.12 Kent FOB -0.98 11.41 419.25-1.03 10.46 384.34 Lambton FOB -0.98 11.41 419.25-1.03 10.46 384.34 Middlesex FOB-0.69-0.48-0.64 N/A 11.70 429.90-0.91 10.58 388.75 PROCESSORS Hamilton -0.42-0.27-0.19-0.19 11.97 439.82-0.43 11.06 406.39 Windsor -0.28-0.43-43.0-0.42 12.11 444.97-0.69 10.80 396.83 Winchester -0.74 11.65 428.06-0.76 10.73 394.26 TRANSFER Hamilton -0.40-0.30 N/A N/A 11.99 440.56-0.60 10.89 400.14 Pt. Stanley -0.85 11.54 424.02-1.05 10.44 383.60 Sarnia -0.99 11.40 418.88-0.58 10.91 400.87 Owen Sound N/A N/A Sorel QC 0.00 12.39 455.250.00 11.49 422.19 Toledo El. -0.29 12.10 444.72-0.55 10.94 402.15 Bank of Canada Noon exchange rate was 1.0245 up 0.0058 Chicago wheat closed slightly lower. DEC10 HI 6.52 1/4 JUL11 HI 7.26 3/4 LOW 6.34 1/2 LOW 7.10 1/2 CLOSE 6.42 Down 3 1/2 CLOSE 7.17 3/4 Down 2 1/2 Minni wheat closed narrowly mixed. DEC10 HI 7.36 SEP11 HI 7.66 LOW 7.20 LOW 7.52 1/2 CLOSE 7.29 Down 1 CLOSE 7.61 1/4 Up 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.51 -0.26 -0.51 -0.65 CAD $/bu 5.91 6.16 5.91 6.64 CAD $/tonne 217.07 226.47 217.07 244.16 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 -0.68 -0.63 -1.04 N/A -1.07 -1.02 -1.94 N/A Hensall -0.60 N/A -0.90 N/A -1.05 N/A -1.85 N/A Trenton N/A N/A N/A N/A N/A N/A -1.85 N/A Winchester N/A N/A N/A -0.72 N/A N/A N/A -1.04 Essex N/A N/A -1.05 N/A N/A N/A -1.97 N/A Norwich -0.60 N/A -1.00 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 -0.60 N/A -1.00 N/A -1.05 N/A -1.95 N/A Chatham N/A -0.50 -0.98 N/A N/A -0.90 -1.94 N/A Brigden N/A -0.50 -0.98 N/A N/A -0.90 -1.94 N/A Palmerston N/A -0.50 -1.03 -0.41 N/A -0.90 -1.62 -0.75 Mitchell -0.60 -0.50 -1.00 N/A -1.05 -0.90 -1.95 N/A Thornton N/A N/A N/A -0.94 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 0.97 -0.05 N/A 0.46 0.21 -0.41 N/A Toledo El. 5.97US 6.11CA 6.15US 6.32CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.13 -0.77 -1.44 -0.86 CAD $/bu 6.05 6.41 5.74 6.75 CAD $/tonne 222.16 235.39 210.82 248.05 (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 397.61 - 399.82 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00