FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.016 down 0.0104 Chicago corn closed sharply higher. MAR11 HI 5.67 1/2 DEC11 HI 5.29 LOW 5.42 1/2 LOW 5.02 1/4 CLOSE5.66 1/4 Up 22 1/4 CLOSE 5.28 3/4 Up 25 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR11+MAR11+MAY11 CK Low -0.80 4.86 191.43 -0.75 4.54 178.63 CK High -0.75 4.91 193.40 -0.70 4.59 180.60 CK Avg -0.76 -0.86 4.90 193.07 -0.72 -0.82 4.57 179.95 Essex Cty -0.80 4.86 191.43 -0.75 4.54 178.63 Mdsx Low -0.80 4.86 191.43 -0.75 4.54 178.63 Mdsx High -0.75 4.91 193.40 -0.70 4.59 180.60 Mdsx Avg -0.77 -0.87 4.90 192.74 -0.72 -0.82 4.57 179.95 Hensall -0.75 4.91 193.40 -0.65 4.64 182.57 Bruce -0.75 4.91 193.40 -0.70 4.59 180.60 Putnam -0.75 4.91 193.40 -0.70 4.59 180.60 Princeton -0.80 4.86 191.43 -0.75 4.54 178.63 Durham -1.05 4.61 181.59 -0.70 4.59 180.60 Norfolk -0.75 4.91 193.40 -0.70 4.59 180.60 Trenton -0.85 4.81 189.46 -0.80 4.49 176.67 Winchester -0.85 4.81 189.46 -0.70 4.59 180.60 North Gower N/A N/A Huron FOB -0.70 4.96 195.36 -0.70 4.59 180.60 Kent FOB -0.75 4.91 193.40 -0.70 4.59 180.60 Lamb FOB -0.75 4.91 193.40 -0.70 4.59 180.60 Mdsx FOB -0.75 -0.65 -0.60 -0.65 4.91 193.40 -0.70 4.59 180.60 FOB SW Que -0.50 5.16 203.24 -0.50 4.79 188.48 Track -0.40 5.26 207.18N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 4.74 186.51 Jhnstwn-Eth N/A N/A N/A N/A -0.55 4.74 186.51 Aylmer-Eth -0.95 -0.85 -0.85 -0.90 4.71 185.52N/A Sarn-Eth N/A -0.60 -0.35 -0.35 N/A Cllngwd-Eth N/A N/A N/A N/A N/A London-Cas N/A -0.80 -0.75 -1.00 -0.55 4.74 186.51 Pt.Colb-Cas N/A N/A -0.55 -0.50 -0.50 4.79 188.48 Cardnl-Cas N/A N/A N/A N/A -0.45 4.84 190.44 W O Feed -0.41 -0.43 5.25 206.78 US Rep 0.25 0.23 5.91 232.76 Toledo El. -0.18 5.48 215.71 -0.48 4.81 189.29 TRANSFER Sarnia -0.80 4.86 191.43 -0.75 4.54 178.63 Pt. Stanley -0.67 4.99 196.55 -0.70 4.59 180.60 Hamilton -0.47 5.19 204.42 -0.44 4.85190 5/6 MID SD CRN -0.77 1/2 4.88 3/4 HI SD CRN -0.75 4.91 1/4 Bank of Canada Noon exchange rate was 1.016 down 0.0104 Chicago soybeans closed higher. JAN11 HI 12.84 NOV11 HI 12.01 LOW 12.40 1/4 LOW 11.61 CLOSE12.83 Up 40 CLOSE 12.01 Up 39 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -0.70 12.13 445.70-0.97 11.04 405.65 CK High -0.55 12.28 451.21-0.75 11.26 413.73 CK Average -0.64 -0.8812.19 447.83-0.87-1.1111.14 409.32 Essex Cty -0.55 12.28 451.21-0.96 11.05 406.02 Mdsx Low -0.65 12.18 447.54-0.95 11.06 406.39 Mdsx High -0.60 12.23 449.38-0.87 11.14 409.32 Mdsx Average -0.63 -0.8612.20 448.40-0.91-1.1411.10 407.98 Hensall -0.63 12.21 448.46-0.88 11.14 409.14 Bruce -0.65 12.18 447.54-0.90 11.11 408.22 Putnam -0.65 12.18 447.54-0.90 11.11 408.22 Princeton -0.56 12.27 450.85-0.90 11.11 408.22 Durham -0.65 12.18 447.54-0.97 11.04 405.65 Norfolk -0.63 12.20 448.27-0.90 11.11 408.22 Trenton -0.70 12.13 445.70-1.00 11.01 404.55 Winchester -0.50 12.33 453.05-0.77 11.24 413.00 North Gower N/A N/A Huron FOB -0.50 12.33 453.05-0.80 11.21 411.90 Kent FOB -0.68 12.15 446.44-0.90 11.11 408.22 Lambton FOB -0.68 12.15 446.44-0.90 11.11 408.22 Middlesex FOB-0.46-0.49-0.49-0.41 12.37 454.52-0.83 11.18 410.79 PROCESSORS Hamilton -0.24-0.19-0.19-0.10 12.59 462.60-0.40 11.61 426.59 Windsor -0.18-0.23-0.22-0.16 12.65 464.81-0.52 11.49 422.19 Winchester -0.60 12.23 449.38-0.80 11.21 411.90 TRANSFER Hamilton -0.10 N/A N/A N/A 12.73 467.75-0.45 11.56 424.76 Pt. Stanley -0.55 12.28 451.21-0.90 11.11 408.22 Sarnia -0.19 12.64 464.44-0.45 11.56 424.76 Owen Sound N/A N/A Sorel QC 0.10 12.93 475.100.00 12.01 441.29 Toledo El. -0.18 12.65 464.69-0.54 11.47 421.43 Bank of Canada Noon exchange rate was 1.016 down 0.0104 Chicago wheat closed sharply higher. MAR11 HI 7.45 JUL11 HI 7.80 1/2 LOW 6.91 LOW 7.30 1/2 CLOSE 7.40 Up 49 1/2 CLOSE 7.74 1/4 Up 46 Minni wheat closed sharply higher. MAR11 HI 8.18 1/4 SEP11 HI 8.30 1/4 LOW 7.60 1/2 LOW 7.77 1/4 CLOSE 8.05 1/2 Up 45 1/4 CLOSE 8.21 3/4 Up 44 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.83 -0.58 -0.93 -0.77 CAD $/bu 6.57 6.82 6.47 7.29 CAD $/tonne 241.39 250.75 237.65 267.77 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 -1.15 N/A N/A -0.90 -1.80 N/A London -1.02 -0.97 -1.38 N/A -1.04 -0.93 -1.90 N/A Hensall -0.80 N/A -1.05 N/A -1.00 N/A -1.75 N/A Trenton N/A N/A N/A N/A N/A N/A -1.80 N/A Winchester N/A N/A N/A -0.87 N/A N/A N/A -1.02 Essex N/A N/A -1.04 N/A N/A N/A -1.87 N/A Norwich -0.80 N/A -1.05 N/A -1.00 N/A -1.85 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 -1.05 N/A -1.00 N/A -1.85 N/A Chatham N/A N/A -1.00 N/A N/A -0.90 -1.90 N/A Brigden N/A N/A -1.00 N/A N/A -0.90 -1.90 N/A Palmerston N/A -0.72 -0.87 -0.53 N/A -0.87 -1.68 -0.71 Mitchell -0.80 -0.65 -1.05 N/A -1.00 -0.80 -1.85 N/A Thornton N/A N/A N/A -1.01 N/A N/A N/A -1.36 North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia -0.49 -0.18 -0.60 N/A -0.89 -0.58 -1.56 N/A Hamilton N/A N/A -0.50 N/A N/A N/A -1.50 N/A Pt. Stanley N/A N/A -0.95 N/A N/A N/A -2.00 N/A PROCESSORS Toledo FM N/A 0.65 -0.37 N/A 0.41 0.15 -0.46 N/A Toledo El. 6.92US 7.05CA 6.71US 6.84CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.07 -0.71 -1.48 -0.91 CAD $/bu 6.67 7.03 6.26 7.31 CAD $/tonne 245.13 258.24 230.14 268.54 (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 406.21 - 407.31 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00