FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0093 up 0.0035 Chicago corn closed moderately lower. MAR11 HI 5.75 3/4 DEC11 HI 5.35 1/2 LOW 5.56 3/4 LOW 5.22 1/4 CLOSE5.61 3/4 Down 6 1/4 CLOSE 5.24 1/4 Down 5 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR11+MAR11+MAY11 CK Low -0.75 4.87 191.63 -0.75 4.49 176.86 CK High -0.75 4.87 191.63 -0.70 4.54 178.83 CK Avg -0.75 -0.82 4.87 191.63 -0.71 -0.78 4.53 178.50 Essex Cty -0.75 4.87 191.63 -0.75 4.49 176.86 Mdsx Low -0.75 4.87 191.63 -0.75 4.49 176.86 Mdsx High -0.75 4.87 191.63 -0.70 4.54 178.83 Mdsx Avg -0.75 -0.82 4.87 191.63 -0.72 -0.79 4.53 178.17 Hensall -0.75 4.87 191.63 -0.70 4.54 178.83 Bruce -0.75 4.87 191.63 -0.70 4.54 178.83 Putnam -0.75 4.87 191.63 -0.70 4.54 178.83 Princeton -0.75 4.87 191.63 -0.75 4.49 176.86 Durham -1.00 4.62 181.78 -0.70 4.54 178.83 Norfolk -0.75 4.87 191.63 -0.70 4.54 178.83 Trenton -0.85 4.77 187.69 -0.80 4.44 174.89 Winchester -0.85 4.77 187.69 -0.70 4.54 178.83 North Gower N/A N/A Huron FOB -0.70 4.92 193.59 -0.70 4.54 178.83 Kent FOB -0.75 4.87 191.63 -0.70 4.54 178.83 Lamb FOB -0.75 4.87 191.63 -0.70 4.54 178.83 Mdsx FOB -0.75N/A N/A N/A 4.87 191.63 -0.70 4.54 178.83 FOB SW Que -0.55 5.07 199.50 -0.50 4.74 186.70 Track -0.35 5.27 207.37N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 4.69 184.74 Jhnstwn-Eth N/A N/A N/A N/A -0.55 4.69 184.74 Aylmer-Eth -0.80 -0.75 -0.70 -0.75 4.82 189.66N/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 4.69 184.74 Pt.Colb-Cas N/A N/A -0.70 -0.45 -0.45 4.79 188.67 Cardnl-Cas N/A N/A N/A N/A -0.40 4.84 190.64 W O Feed -0.36 -0.37 5.26 206.98 US Rep 0.25 0.24 5.87 230.99 Toledo El. -0.12 5.50 216.37 -0.48 4.77 187.62 TRANSFER Sarnia -0.75 4.87 191.63 -0.75 4.49 176.86 Pt. Stanley -0.65 4.97 195.56 -0.75 4.49 176.86 Hamilton -0.60 5.02 197.53 -0.52 4.72186 MID SD CRN -0.75 4.86 3/4 HI SD CRN -0.75 4.86 3/4 Bank of Canada Noon exchange rate was 1.0093 up 0.0035 Chicago soybeans closed narrowly mixed. JAN11 HI 13.03 1/4 NOV11 HI 12.14 LOW 12.82 1/4 LOW 11.94 3/4 CLOSE12.85 1/2 Down 3 CLOSE 12.00 Up 1 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -0.76 12.10 444.42-1.05 10.95 402.34 CK High -0.70 12.16 446.62-0.94 11.06 406.39 CK Average -0.74 -0.8912.12 445.15-0.99-1.1611.01 404.62 Essex Cty -0.66 12.20 448.09-1.07 10.93 401.61 Mdsx Low -0.77 12.09 444.05-1.00 11.00 404.18 Mdsx High -0.69 12.17 446.99-0.97 11.03 405.28 Mdsx Average -0.74 -0.8912.12 445.27-0.98-1.1511.02 404.79 Hensall -0.75 12.11 444.78-1.00 11.00 404.18 Bruce -0.75 12.11 444.78-1.00 11.00 404.18 Putnam -0.70 12.16 446.62-1.00 11.00 404.18 Princeton -0.70 12.16 446.62-1.03 10.97 403.08 Durham -0.77 12.09 444.05-0.99 11.01 404.55 Norfolk -0.72 12.14 445.88-1.03 10.97 403.08 Trenton -0.85 12.01 441.11-1.05 10.95 402.34 Winchester -0.66 12.20 448.09-0.92 11.08 407.12 North Gower N/A N/A Huron FOB -0.65 12.21 448.46-0.95 11.05 406.02 Kent FOB -0.77 12.09 444.05-1.03 10.97 403.08 Lambton FOB -0.77 12.09 444.05-1.03 10.97 403.08 Middlesex FOB-0.69-0.59-0.54 N/A 12.17 446.99-0.90 11.10 407.86 PROCESSORS Hamilton N/A N/A N/A N/A N/A Windsor -0.21-0.31-0.30-0.24 12.65 464.62-0.58 11.42 419.61 Winchester -0.60 12.26 450.29-0.75 11.25 413.37 TRANSFER Hamilton -0.18 N/A N/A N/A 12.68 465.73-0.55 11.45 420.72 Pt. Stanley -0.63 12.23 449.19-1.00 11.00 404.18 Sarnia -0.30 12.56 461.32-0.56 11.44 420.35 Owen Sound N/A N/A Sorel QC -0.15 12.71 466.83-0.20 11.80 433.58 Toledo El. -0.18 12.67 465.65-0.54 11.46 421.17 Bank of Canada Noon exchange rate was 1.0093 up 0.0035 Chicago wheat closed slightly lower. MAR11 HI 8.11 JUL11 HI 8.18 1/4 LOW 7.77 LOW 7.96 CLOSE 7.84 3/4 Down 8 1/4 CLOSE 8.03 1/4 Down 4 1/2 Minni wheat closed slightly higher. MAR11 HI 8.68 1/4 SEP11 HI 8.60 LOW 8.45 1/4 LOW 8.45 1/4 CLOSE 8.55 Up 4 3/4 CLOSE 8.53 Up 4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.77 -0.51 -0.82 -0.81 CAD $/bu 7.08 7.33 7.03 7.74 CAD $/tonne 260.21 269.51 258.35 284.47 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 -0.83 -0.78 -1.09 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 -1.75 N/A Winchester N/A N/A N/A -0.93 N/A N/A N/A -1.11 Essex N/A N/A -1.08 N/A N/A N/A -1.90 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 -0.75 -0.10 N/A N/A -1.05 -1.93 N/A Brigden N/A -0.75 -1.03 N/A N/A -1.05 -1.93 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 -0.90 -1.90 N/A Thornton N/A N/A N/A -0.68 N/A N/A N/A -1.43 North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia N/A N/A N/A N/A -0.90 -0.60 -0.96 N/A Hamilton N/A N/A -0.35 N/A N/A N/A -1.31 N/A Pt. Stanley N/A N/A -0.90 N/A N/A N/A -1.76 N/A PROCESSORS Toledo FM N/A 0.60 -0.41 N/A 0.37 0.11 -0.60 N/A Toledo El. 7.22US 7.30CA 7.00US 7.10CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.00 -0.65 -1.51 -0.94 CAD $/bu 7.03 7.39 6.52 7.59 CAD $/tonne 258.34 271.39 239.71 278.75 (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 392.76 - 399.37 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00