FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0099 up 0.0006 Chicago corn closed moderately higher to higher. MAR11 HI 5.75 DEC11 HI 5.34 1/2 LOW 5.52 1/4 LOW 5.17 1/4 CLOSE5.74 1/2 Up 12 3/4 CLOSE 5.33 3/4 Up 9 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 -0.75 5.00 196.64 -0.75 4.59 180.60 CK High -0.75 5.00 196.64 -0.70 4.64 182.57 CK Avg -0.75 -0.83 5.00 196.64 -0.71 -0.79 4.63 182.24 Essex Cty -0.75 5.00 196.64 -0.75 4.59 180.60 Mdsx Low -0.75 5.00 196.64 -0.75 4.59 180.60 Mdsx High -0.75 5.00 196.64 -0.70 4.64 182.57 Mdsx Avg -0.75 -0.83 5.00 196.64 -0.72 -0.79 4.62 181.91 Hensall -0.75 5.00 196.64 -0.65 4.69 184.54 Bruce -0.75 5.00 196.64 -0.70 4.64 182.57 Putnam -0.75 5.00 196.64 -0.70 4.64 182.57 Princeton -0.75 5.00 196.64 -0.75 4.59 180.60 Durham -1.00 4.75 186.80 -0.70 4.64 182.57 Norfolk -0.75 5.00 196.64 -0.70 4.64 182.57 Trenton -0.85 4.90 192.71 -0.80 4.54 178.63 Winchester -0.85 4.90 192.71 -0.70 4.64 182.57 North Gower N/A N/A Huron FOB -0.70 5.05 198.61 -0.70 4.64 182.57 Kent FOB -0.75 5.00 196.64 -0.70 4.64 182.57 Lamb FOB -0.75 5.00 196.64 -0.70 4.64 182.57 Mdsx FOB -0.75 -0.65 -0.60N/A 5.00 196.64 -0.70 4.64 182.57 FOB SW Que -0.75 5.00 196.64 -0.60 4.74 186.51 Track -0.35 5.40 212.39N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 4.79 188.48 Jhnstwn-Eth N/A N/A N/A N/A -0.55 4.79 188.48 Aylmer-Eth -0.80 -0.75 -0.70 -0.75 4.95 194.68N/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 4.79 188.48 Pt.Colb-Cas N/A N/A -0.70 -0.45 -0.45 4.89 192.41 Cardnl-Cas N/A N/A N/A N/A -0.40 4.94 194.38 W O Feed -0.36 -0.37 5.39 212.00 US Rep 0.25 0.24 6.00 236.01 Toledo El. -0.12 5.62 221.38 -0.48 4.86 191.36 TRANSFER Sarnia -0.75 5.00 196.64 -0.75 4.59 180.60 Pt. Stanley -0.80 4.95 194.68 -0.80 4.54 178.63 Hamilton -0.50 5.25 206.49 -0.50 4.84190 4/9 MID SD CRN -0.75 4.99 1/2 HI SD CRN -0.75 4.99 1/2 Bank of Canada Noon exchange rate was 1.0099 up 0.0006 Chicago soybeans closed slightly to moderately higher. JAN11 HI 12.96 1/2 NOV11 HI 12.12 1/2 LOW 12.66 1/2 LOW 11.82 3/4 CLOSE12.96 Up 10 1/2 CLOSE 12.12 1/2 Up 12 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -0.76 12.20 448.27-1.05 11.08 406.94 CK High -0.70 12.26 450.48-0.94 11.19 410.98 CK Average -0.74 -0.9212.22 449.01-0.99-1.1611.14 409.21 Essex Cty -0.66 12.30 451.95-1.07 11.06 406.20 Mdsx Low -0.75 12.21 448.64-1.00 11.13 408.77 Mdsx High -0.69 12.27 450.85-0.98 11.15 409.51 Mdsx Average -0.72 -0.9012.24 449.74-0.99-1.1611.14 409.26 Hensall -0.75 12.21 448.64-1.00 11.13 408.77 Bruce -0.75 12.21 448.64-1.00 11.13 408.77 Putnam -0.75 12.21 448.64-1.00 11.13 408.77 Princeton -0.70 12.26 450.48-1.03 11.10 407.67 Durham -0.74 12.22 449.01-1.00 11.13 408.77 Norfolk -0.66 12.30 451.95-0.97 11.16 409.88 Trenton -0.85 12.11 444.97-1.05 11.08 406.94 Winchester -0.66 12.30 451.95-0.92 11.21 411.71 North Gower N/A N/A Huron FOB -0.55 12.41 455.99-0.90 11.23 412.45 Kent FOB -0.71 12.25 450.11-0.97 11.16 409.88 Lambton FOB -0.71 12.25 450.11-0.97 11.16 409.88 Middlesex FOB-0.65-0.55-0.50-0.50 12.31 452.32-0.86 11.27 413.92 PROCESSORS Hamilton -0.31-0.24-0.18-0.13 12.65 464.81-0.49 11.64 427.51 Windsor -0.18-0.28-0.27-0.21 12.78 469.58-0.56 11.57 424.94 Winchester -0.60 12.36 454.15-0.75 11.38 417.96 TRANSFER Hamilton -0.20 N/A N/A N/A 12.76 468.85-0.50 11.63 427.15 Pt. Stanley -0.60 12.36 454.15-1.00 11.13 408.77 Sarnia -0.30 12.66 465.18-0.56 11.57 424.94 Owen Sound N/A N/A Sorel QC -0.10 12.86 472.52-0.17 11.96 439.27 Toledo El. -0.18 12.78 469.49-0.54 11.59 425.76 Bank of Canada Noon exchange rate was 1.0099 up 0.0006 Chicago wheat closed narrowly mixed. MAR11 HI 7.92 1/2 JUL11 HI 8.12 LOW 7.66 1/4 LOW 7.86 1/2 CLOSE 7.84 Down 3/4 CLOSE 8.06 1/4 Up 3 Minni wheat closed slightly higher. MAR11 HI 8.67 SEP11 HI 8.61 LOW 8.42 LOW 8.41 1/4 CLOSE 8.62 3/4 Up 7 3/4 CLOSE 8.53 3/4 Up 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.75 -0.50 -0.80 -0.79 CAD $/bu 7.09 7.34 7.04 7.83 CAD $/tonne 260.41 269.72 258.54 287.88 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 -0.50 -1.05 N/A N/A -0.90 -1.75 N/A London -0.83 -0.78 -1.03 N/A -1.03 -0.98 -1.89 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 -1.06 N/A N/A N/A -1.88 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 -0.72 -1.00 N/A N/A -1.02 -1.90 N/A Brigden N/A -0.72 -1.00 N/A N/A -1.02 -1.90 N/A Palmerston N/A -0.47 -0.97 -0.62 N/A -0.97 -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 -0.76 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 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 -1.30 N/A Pt. Stanley N/A N/A -0.90 N/A N/A N/A -1.75 N/A PROCESSORS Toledo FM N/A 0.62 -0.40 N/A 0.37 0.12 -0.59 N/A Toledo El. 7.31US 7.41CA 7.53US 7.64CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.00 -0.64 -1.51 -0.94 CAD $/bu 7.06 7.42 6.56 7.60 CAD $/tonne 259.51 272.56 240.88 279.08 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 260.00 - 275.00 Bayport Oats 305.00 Bayport Barley 240.00 FOB Hm Soymeal 395.85 - 402.46 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00