FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 9 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0098 down 0.0001 Chicago corn closed slightly lower to steady. MAR11 HI 5.78 3/4 DEC11 HI 5.36 LOW 5.69 1/4 LOW 5.28 1/2 CLOSE5.74 1/4 Down 1/4 CLOSE 5.29 3/4 Down 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 -0.75 4.99 196.55 -0.75 4.55 179.03 CK High -0.75 4.99 196.55 -0.70 4.60 181.00 CK Avg -0.75 -0.82 4.99 196.55 -0.71 -0.78 4.59 180.67 Essex Cty -0.75 4.99 196.55 -0.75 4.55 179.03 Mdsx Low -0.75 4.99 196.55 -0.75 4.55 179.03 Mdsx High -0.75 4.99 196.55 -0.70 4.60 181.00 Mdsx Avg -0.75 -0.82 4.99 196.55 -0.72 -0.79 4.58 180.34 Hensall -0.75 4.99 196.55 -0.65 4.65 182.96 Bruce -0.75 4.99 196.55 -0.70 4.60 181.00 Putnam -0.75 4.99 196.55 -0.70 4.60 181.00 Princeton -0.75 4.99 196.55 -0.75 4.55 179.03 Durham -1.00 4.74 186.70 -0.70 4.60 181.00 Norfolk -0.75 4.99 196.55 -0.70 4.60 181.00 Trenton -0.85 4.89 192.61 -0.80 4.50 177.06 Winchester -0.85 4.89 192.61 -0.75 4.55 179.03 North Gower N/A N/A Huron FOB -0.70 5.04 198.51 -0.70 4.60 181.00 Kent FOB -0.75 4.99 196.55 -0.70 4.60 181.00 Lamb FOB -0.75 4.99 196.55 -0.70 4.60 181.00 Mdsx FOB -0.75 -0.70 -0.65 -0.65 4.99 196.55 -0.70 4.60 181.00 FOB SW Que -0.55 5.19 204.42 -0.55 4.75 186.90 Track -0.35 5.39 212.29N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 4.75 186.90 Jhnstwn-Eth N/A N/A N/A N/A -0.55 4.75 186.90 Aylmer-Eth -0.70 -0.70 -0.65 -0.70 5.04 198.51N/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 N/A N/A N/A Pt.Colb-Cas N/A N/A N/A N/A -0.45 4.85 190.84 Cardnl-Cas N/A N/A N/A N/A -0.40 4.90 192.81 W O Feed -0.32 -0.33 5.42 213.47 US Rep 0.25 0.24 5.99 235.91 Toledo El. -0.12 5.62 221.29 -0.48 4.82 189.78 TRANSFER Sarnia -0.75 4.99 196.55 -0.75 4.55 179.03 Pt. Stanley -0.80 4.94 194.58 -0.80 4.50 177.06 Hamilton -0.50 5.24 206.39 -0.50 4.80188 7/8 MID SD CRN -0.75 4.99 1/4 HI SD CRN -0.75 4.99 1/4 Bank of Canada Noon exchange rate was 1.0098 down 0.0001 Chicago soybeans closed moderately lower. JAN11 HI 12.99 NOV11 HI 12.13 1/2 LOW 12.78 1/4 LOW 11.96 1/2 CLOSE12.81 1/2 Down 14 1/2 CLOSE 11.98 3/4 Down 13 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -0.75 12.07 443.31-1.05 10.94 401.88 CK High -0.70 12.12 445.15-0.91 11.08 407.03 CK Average -0.73 -0.8912.08 443.97-0.98-1.1511.01 404.38 Essex Cty -0.62 12.20 448.09-1.04 10.95 402.25 Mdsx Low -0.75 12.07 443.31-1.00 10.99 403.72 Mdsx High -0.65 12.17 446.99-0.95 11.04 405.56 Mdsx Average -0.72 -0.8812.10 444.54-0.97-1.1511.01 404.70 Hensall -0.75 12.07 443.31-1.00 10.99 403.72 Bruce -0.75 12.07 443.31-1.00 10.99 403.72 Putnam -0.75 12.07 443.31-1.00 10.99 403.72 Princeton -0.66 12.16 446.62-1.00 10.99 403.72 Durham -0.75 12.07 443.31-1.01 10.98 403.35 Norfolk -0.66 12.16 446.62-0.97 11.02 404.82 Trenton -0.85 11.97 439.64-1.15 10.84 398.21 Winchester -0.70 12.12 445.15-1.00 10.99 403.72 North Gower N/A N/A Huron FOB -0.55 12.27 450.66-0.90 11.09 407.40 Kent FOB -0.71 12.11 444.78-0.97 11.02 404.82 Lambton FOB -0.71 12.11 444.78-0.97 11.02 404.82 Middlesex FOB-0.66-0.56-0.50-0.50 12.16 446.62-0.87 11.12 408.50 PROCESSORS Hamilton -0.32-0.24-0.19-0.14 12.50 459.11-0.45 11.54 423.93 Windsor -0.21-0.31-0.29-0.23 12.61 463.15-0.58 11.41 419.15 Winchester -0.56 12.26 450.29-0.82 11.17 410.34 TRANSFER Hamilton -0.20 N/A N/A N/A 12.62 463.52-0.50 11.49 422.09 Pt. Stanley -0.60 12.22 448.82-1.00 10.99 403.72 Sarnia -0.26 12.56 461.32-0.53 11.46 420.99 Owen Sound N/A N/A Sorel QC -0.10 12.72 467.20-0.05 11.94 438.63 Toledo El. -0.18 12.63 464.17-0.54 11.45 420.71 Bank of Canada Noon exchange rate was 1.0098 down 0.0001 Chicago wheat closed slightly higher. MAR11 HI 7.90 JUL11 HI 8.15 LOW 7.79 3/4 LOW 8.04 1/2 CLOSE 7.88 1/2 Up 4 1/2 CLOSE 8.14 Up 7 3/4 Minni wheat closed moderately higher. MAR11 HI 8.76 3/4 SEP11 HI 8.66 3/4 LOW 8.60 3/4 LOW 8.50 1/4 CLOSE 8.74 Up 11 1/4 CLOSE 8.64 Up 10 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.76 -0.51 -0.81 -0.80 CAD $/bu 7.12 7.38 7.07 7.94 CAD $/tonne 261.74 271.04 259.88 291.69 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 -0.73 -1.04 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 -1.08 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 -0.72 -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 -0.84 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 -0.55 -0.10 -0.65 N/A -0.89 -0.58 -1.55 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 0.61 -0.41 N/A 0.37 0.12 -0.59 N/A Toledo El. 7.36US 7.45CA 7.31US 7.42CA 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 7.14 7.50 6.63 7.70 CAD $/tonne 262.40 275.45 243.77 282.90 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 275.00 Bayport Oats 305.00 Bayport Barley 240.00 FOB Hm Soymeal 386.59 - 388.79 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00