FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0046 down 0.0114 Chicago corn closed moderately lower to lower. MAR11 HI 5.68 DEC11 HI 5.33 1/2 LOW 5.55 LOW 5.21 1/2 CLOSE5.55 1/2 Down 10 3/4 CLOSE 5.23 Down 5 3/4 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 4.76 187.20 -0.75 4.48 176.37 CK High -0.75 4.81 189.16 -0.70 4.53 178.34 CK Avg -0.77 -0.80 4.79 188.51 -0.73 -0.77 4.51 177.35 Essex Cty -0.80 4.76 187.20 -0.75 4.48 176.37 Mdsx Low -0.80 4.76 187.20 -0.75 4.48 176.37 Mdsx High -0.75 4.81 189.16 -0.70 4.53 178.34 Mdsx Avg -0.77 -0.80 4.79 188.51 -0.72 -0.76 4.51 177.68 Hensall -0.75 4.81 189.16 -0.65 4.58 180.31 Bruce -0.75 4.81 189.16 -0.70 4.53 178.34 Putnam -0.75 4.81 189.16 -0.70 4.53 178.34 Princeton -0.80 4.76 187.20 -0.75 4.48 176.37 Durham -1.05 4.51 177.35 -0.70 4.53 178.34 Norfolk -0.80 4.76 187.20 -0.75 4.48 176.37 Trenton -0.85 4.71 185.23 -0.80 4.43 174.40 Winchester -0.85 4.71 185.23 -0.70 4.53 178.34 North Gower N/A N/A Huron FOB -0.70 4.86 191.13 -0.70 4.53 178.34 Kent FOB -0.80 4.76 187.20 -0.75 4.48 176.37 Lamb FOB -0.80 4.76 187.20 -0.75 4.48 176.37 Mdsx FOB -0.75 -0.65 -0.60 -0.65 4.81 189.16 -0.70 4.53 178.34 FOB SW Que -0.50 5.06 199.01 -0.50 4.73 186.21 Track -0.40 5.16 202.94N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 4.68 184.24 Jhnstwn-Eth N/A N/A N/A N/A -0.55 4.68 184.24 Aylmer-Eth -0.95 -0.85 -0.85 -0.90 4.61 181.29N/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 N/A -0.75 -0.90 -0.55 4.68 184.24 Pt.Colb-Cas N/A N/A -0.70 -0.45 -0.45 4.78 188.18 Cardnl-Cas N/A N/A N/A N/A -0.40 4.83 190.15 W O Feed -0.36 -0.36 5.20 204.52 US Rep 0.25 0.25 5.81 228.53 Toledo El. -0.14 5.41 213.14 -0.47 4.76 187.23 TRANSFER Sarnia -0.80 4.76 187.20 -0.75 4.48 176.37 Pt. Stanley -0.67 4.89 192.31 -0.70 4.53 178.34 Hamilton -0.47 5.09 200.19 -0.44 4.79188 4/7 MID SD CRN -0.77 1/2 4.781 HI SD CRN -0.75 4.80 1/2 Bank of Canada Noon exchange rate was 1.0046 down 0.0114 Chicago soybeans closed slightly lower. JAN11 HI 12.87 NOV11 HI 12.04 LOW 12.73 3/4 LOW 11.93 CLOSE12.79 3/4 Down 3 1/4 CLOSE 11.97 Down 4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -0.79 12.01 441.20-1.08 10.89 400.14 CK High -0.65 12.15 446.34-0.95 11.02 404.92 CK Average -0.74 -0.8212.06 442.96-1.00-1.1010.97 403.15 Essex Cty -0.68 12.12 445.24-1.05 10.92 401.24 Mdsx Low -0.76 12.04 442.30-1.02 10.95 402.34 Mdsx High -0.73 12.07 443.40-1.00 10.97 403.08 Mdsx Average -0.75 -0.8312.05 442.79-1.01-1.1110.96 402.83 Hensall -0.73 12.07 443.59-0.98 11.00 404.00 Bruce -0.75 12.05 442.67-1.00 10.97 403.08 Putnam -0.75 12.05 442.67-1.00 10.97 403.08 Princeton -0.69 12.11 444.87-1.09 10.88 399.77 Durham -0.78 12.02 441.57-1.04 10.93 401.61 Norfolk -0.70 12.10 444.51-1.00 10.97 403.08 Trenton -0.80 12.00 440.83-1.00 10.97 403.08 Winchester -0.67 12.13 445.61-0.92 11.05 406.02 North Gower N/A N/A Huron FOB -0.60 12.20 448.18-0.90 11.07 406.75 Kent FOB -0.75 12.05 442.67-1.00 10.97 403.08 Lambton FOB -0.75 12.05 442.67-1.00 10.97 403.08 Middlesex FOB-0.59-0.59-0.59-0.54 12.21 448.55-0.95 11.02 404.92 PROCESSORS Hamilton -0.24-0.19-0.19-0.10 12.56 461.41-0.40 11.57 425.12 Windsor -0.28-0.38-0.37-0.31 12.52 459.94-0.66 11.31 415.57 Winchester -0.40 12.40 455.53-0.67 11.30 415.20 TRANSFER Hamilton -0.10 N/A N/A N/A 12.70 466.55-0.45 11.52 423.29 Pt. Stanley -0.55 12.25 450.02-0.90 11.07 406.75 Sarnia -0.33 12.47 458.10-0.58 11.39 418.51 Owen Sound N/A N/A Sorel QC 0.10 12.90 473.900.00 11.97 439.82 Toledo El. -0.18 12.62 463.57-0.53 11.44 420.18 Bank of Canada Noon exchange rate was 1.0046 down 0.0114 Chicago wheat closed slightly higher. MAR11 HI 7.67 1/2 JUL11 HI 7.99 1/2 LOW 7.32 1/2 LOW 7.67 1/2 CLOSE 7.48 1/2 Up 8 1/2 CLOSE 7.75 Up 3/4 Minni wheat closed slightly higher. MAR11 HI 8.32 1/4 SEP11 HI 8.49 1/4 LOW 7.97 3/4 LOW 8.21 CLOSE 8.13 1/4 Up 7 3/4 CLOSE 8.23 Up 1 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.91 -0.66 -1.01 -0.85 CAD $/bu 6.58 6.83 6.48 7.28 CAD $/tonne 241.67 250.91 237.97 267.46 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 -1.15 N/A N/A -0.90 -1.80 N/A London -0.86 -0.81 -1.11 N/A -1.10 -1.01 -1.96 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 -0.93 N/A N/A N/A -1.11 Essex N/A N/A -1.12 N/A N/A N/A -1.94 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 -0.70 -1.10 N/A N/A -1.00 -1.95 N/A Brigden N/A -0.70 -1.10 N/A N/A -1.00 -1.95 N/A Palmerston N/A -0.80 -0.97 -0.62 N/A -0.96 -1.77 -0.82 Mitchell -0.80 -0.65 -1.05 N/A -1.00 -0.80 -1.85 N/A Thornton N/A N/A N/A -0.65 N/A N/A N/A -1.44 North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia -0.54 -0.23 -0.64 N/A -0.90 -0.60 -1.66 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 0.55 -0.46 N/A 0.32 0.07 -0.54 N/A Toledo El. 7.06US 7.10CA 6.72US 6.78CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.14 -0.79 -1.55 -0.99 CAD $/bu 6.61 6.96 6.20 7.24 CAD $/tonne 242.81 255.78 227.98 266.16 (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 403.12 - 404.22 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00