FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.006 up 0.0014 Chicago corn closed higher. MAR11 HI 5.74 DEC11 HI 5.39 3/4 LOW 5.55 1/2 LOW 5.23 CLOSE5.73 1/2 Up 18 CLOSE 5.34 1/2 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+MAY11 CK Low -0.80 4.94 194.28 -0.75 4.60 180.90 CK High -0.75 4.99 196.25 -0.70 4.65 182.87 CK Avg -0.76 -0.80 4.98 195.92 -0.73 -0.77 4.62 181.88 Essex Cty -0.80 4.94 194.28 -0.75 4.60 180.90 Mdsx Low -0.80 4.94 194.28 -0.75 4.60 180.90 Mdsx High -0.75 4.99 196.25 -0.70 4.65 182.87 Mdsx Avg -0.77 -0.81 4.97 195.59 -0.72 -0.77 4.63 182.21 Hensall -0.75 4.99 196.25 -0.65 4.70 184.83 Bruce -0.75 4.99 196.25 -0.70 4.65 182.87 Putnam -0.75 4.99 196.25 -0.70 4.65 182.87 Princeton -0.80 4.94 194.28 -0.75 4.60 180.90 Durham -1.00 4.74 186.41 -0.70 4.65 182.87 Norfolk -0.75 4.99 196.25 -0.70 4.65 182.87 Trenton -0.85 4.89 192.31 -0.80 4.55 178.93 Winchester -0.85 4.89 192.31 -0.70 4.65 182.87 North Gower N/A N/A Huron FOB -0.70 5.04 198.22 -0.70 4.65 182.87 Kent FOB -0.75 4.99 196.25 -0.70 4.65 182.87 Lamb FOB -0.75 4.99 196.25 -0.70 4.65 182.87 Mdsx FOB -0.75 -0.65 -0.60 -0.65 4.99 196.25 -0.70 4.65 182.87 FOB SW Que -0.50 5.24 206.09 -0.50 4.85 190.74 Track -0.40 5.34 210.03N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 4.80 188.77 Jhnstwn-Eth N/A N/A N/A N/A -0.55 4.80 188.77 Aylmer-Eth -0.80 -0.75 -0.70 -0.75 4.94 194.28N/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 4.80 188.77 Pt.Colb-Cas N/A N/A -0.70 -0.45 -0.45 4.90 192.71 Cardnl-Cas N/A N/A N/A N/A -0.40 4.95 194.68 W O Feed -0.36 -0.37 5.38 211.60 US Rep 0.25 0.24 5.99 235.62 Toledo El. -0.12 5.61 221.02 -0.47 4.87 191.75 TRANSFER Sarnia -0.80 4.94 194.28 -0.75 4.60 180.90 Pt. Stanley -0.68 5.06 199.01 -0.76 4.59 180.50 Hamilton -0.63 5.11 200.97 -0.34 5.01197 MID SD CRN -0.77 1/2 4.96 HI SD CRN -0.75 4.98 1/2 Bank of Canada Noon exchange rate was 1.006 up 0.0014 Chicago soybeans closed slightly to moderately higher. JAN11 HI 13.01 1/2 NOV11 HI 12.11 1/4 LOW 12.74 LOW 11.91 1/4 CLOSE13.00 1/4 Up 20 1/2 CLOSE 12.08 1/4 Up 11 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -0.80 12.20 448.37-1.07 11.01 404.64 CK High -0.65 12.35 453.88-0.95 11.13 409.05 CK Average -0.74 -0.8412.26 450.42-1.00-1.1111.08 407.14 Essex Cty -0.70 12.30 452.04-1.12 10.96 402.80 Mdsx Low -0.79 12.21 448.73-1.03 11.05 406.11 Mdsx High -0.75 12.25 450.20-0.98 11.10 407.95 Mdsx Average -0.76 -0.8612.24 449.71-1.00-1.1111.08 407.09 Hensall -0.75 12.25 450.20-1.00 11.08 407.21 Bruce -0.75 12.25 450.20-1.00 11.08 407.21 Putnam -0.75 12.25 450.20-1.00 11.08 407.21 Princeton -0.74 12.26 450.57-1.08 11.00 404.27 Durham -0.81 12.19 448.00-1.00 11.08 407.21 Norfolk -0.69 12.31 452.41-1.06 11.02 405.01 Trenton -0.80 12.20 448.37-1.00 11.08 407.21 Winchester -0.70 12.30 452.04-0.85 11.23 412.72 North Gower N/A N/A Huron FOB -0.65 12.35 453.88-0.95 11.13 409.05 Kent FOB -0.74 12.26 450.57-1.00 11.08 407.21 Lambton FOB -0.74 12.26 450.57-1.00 11.08 407.21 Middlesex FOB-0.59-0.58-0.58-0.53 12.41 456.08-0.80 11.28 414.56 PROCESSORS Hamilton -0.24-0.19-0.19-0.10 12.76 468.94-0.40 11.68 429.26 Windsor -0.26-0.36-0.35-0.29 12.74 468.21-0.63 11.45 420.81 Winchester -0.57 12.43 456.82-0.82 11.26 413.83 TRANSFER Hamilton -0.25 N/A N/A N/A 12.75 468.57-0.60 11.48 421.91 Pt. Stanley -0.70 12.30 452.04-1.00 11.08 407.21 Sarnia -0.34 12.66 465.27-0.61 11.47 421.54 Owen Sound N/A N/A Sorel QC 0.10 13.10 481.430.00 12.08 443.96 Toledo El. -0.18 12.82 471.10-0.53 11.55 424.30 Bank of Canada Noon exchange rate was 1.006 up 0.0014 Chicago wheat closed moderately higher to higher. MAR11 HI 7.82 JUL11 HI 8.00 LOW 7.47 1/4 LOW 7.73 1/4 CLOSE 7.79 Up 30 1/2 CLOSE 7.86 3/4 Up 11 3/4 Minni wheat closed moderately higher to higher. MAR11 HI 8.41 SEP11 HI 8.44 LOW 8.10 LOW 8.20 3/4 CLOSE 8.38 Up 24 3/4 CLOSE 8.36 Up 13 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.90 -0.65 -0.85 -0.84 CAD $/bu 6.89 7.14 6.94 7.54 CAD $/tonne 253.25 262.51 255.10 276.95 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 -0.85 -0.80 -1.10 N/A -1.08 -0.98 -1.94 N/A Hensall -0.80 N/A -1.05 N/A -1.00 N/A -1.80 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 -1.11 N/A N/A N/A -1.93 N/A Norwich -0.80 N/A -1.05 N/A -1.00 N/A -1.90 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 -1.90 N/A Chatham N/A -0.70 -1.05 N/A N/A -1.00 -1.92 N/A Brigden N/A -0.70 -1.05 N/A N/A -1.00 -1.92 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 -1.90 N/A Thornton N/A N/A N/A -0.55 N/A N/A N/A -1.41 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 -0.40 N/A N/A N/A -1.65 N/A Pt. Stanley N/A N/A -0.95 N/A N/A N/A -2.10 N/A PROCESSORS Toledo FM N/A 0.56 -0.44 N/A 0.32 0.07 -0.53 N/A Toledo El. 7.16US 7.21CA 6.84US 6.90CA 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 -1.54 -0.98 CAD $/bu 6.73 7.08 6.33 7.38 CAD $/tonne 247.24 260.22 232.41 271.06 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 260.00 Bayport Oats 305.00 Bayport Barley 245.00 FOB Hm Soymeal 409.63 - 410.73 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00