FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 14 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0041 down 0.0005 Chicago corn closed slightly to moderately lower. MAR11 HI 5.89 DEC11 HI 5.39 3/4 LOW 5.83 1/2 LOW 5.33 1/2 CLOSE5.87 1/4 Down 1 1/4 CLOSE 5.34 1/4 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 -0.75 5.12 201.66 -0.75 4.59 180.80 CK High -0.75 5.12 201.66 -0.70 4.64 182.77 CK Avg -0.75 -0.80 5.12 201.66 -0.71 -0.75 4.63 182.44 Essex Cty -0.75 5.12 201.66 -0.75 4.59 180.80 Mdsx Low -0.75 5.12 201.66 -0.75 4.59 180.80 Mdsx High -0.75 5.12 201.66 -0.70 4.64 182.77 Mdsx Avg -0.75 -0.80 5.12 201.66 -0.72 -0.76 4.63 182.11 Hensall -0.75 5.12 201.66 -0.65 4.69 184.74 Bruce -0.75 5.12 201.66 -0.70 4.64 182.77 Putnam -0.70 5.17 203.63 -0.70 4.64 182.77 Princeton -0.75 5.12 201.66 -0.75 4.59 180.80 Durham -0.95 4.92 193.79 -0.70 4.64 182.77 Norfolk -0.75 5.12 201.66 -0.70 4.64 182.77 Trenton -0.85 5.02 197.73 -0.80 4.54 178.83 Winchester -0.85 5.02 197.73 -0.75 4.59 180.80 North Gower N/A N/A Huron FOB -0.70 5.17 203.63 -0.70 4.64 182.77 Kent FOB -0.75 5.12 201.66 -0.70 4.64 182.77 Lamb FOB -0.75 5.12 201.66 -0.70 4.64 182.77 Mdsx FOB -0.75 -0.70 -0.65 -0.65 5.12 201.66 -0.70 4.64 182.77 FOB SW Que -0.60 5.27 207.57 -0.50 4.84 190.64 Track -0.33 5.55 218.40N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 4.79 188.67 Jhnstwn-Eth N/A N/A N/A N/A -0.55 4.79 188.67 Aylmer-Eth -0.70 -0.70 -0.65 -0.70 5.17 203.63N/A Sarn-Eth N/A -0.60 -0.35 -0.35 N/A Cllngwd-Eth -0.55N/A N/A N/A 5.32 209.54N/A London-Cas N/A -0.75 -0.75 -0.75 -0.55 4.79 188.67 Pt.Colb-Cas N/A N/A N/A N/A -0.45 4.89 192.61 Cardnl-Cas N/A N/A N/A N/A -0.40 4.94 194.58 W O Feed -0.31 -0.31 5.56 218.99 US Rep 0.10 0.10 5.97 235.13 Toledo El. -0.12 5.75 226.42 -0.47 4.87 191.67 TRANSFER Sarnia -0.75 5.12 201.66 -0.75 4.59 180.80 Pt. Stanley -0.67 5.20 204.81 -0.75 4.59 180.80 Hamilton -0.47 5.40 212.69 -0.53 4.81189 1/2 MID SD CRN -0.75 5.12 1/4 HI SD CRN -0.75 5.12 1/4 Bank of Canada Noon exchange rate was 1.0041 down 0.0005 Chicago soybeans closed slightly lower. JAN11 HI 13.11 1/4 NOV11 HI 12.30 1/4 LOW 12.92 1/2 LOW 12.11 CLOSE12.96 Down 6 1/2 CLOSE 12.14 Down 8 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -0.75 12.21 448.64-1.00 11.14 409.32 CK High -0.70 12.26 450.48-0.91 11.23 412.63 CK Average -0.72 -0.8412.24 449.74-0.95-1.0511.19 411.16 Essex Cty -0.62 12.34 453.42-1.04 11.10 407.86 Mdsx Low -0.71 12.25 450.11-0.95 11.19 411.16 Mdsx High -0.65 12.31 452.32-0.87 11.27 414.10 Mdsx Average -0.69 -0.8012.27 450.97-0.92-1.0211.22 412.14 Hensall -0.73 12.24 449.56-0.98 11.17 410.24 Bruce -0.70 12.26 450.48-0.95 11.19 411.16 Putnam -0.75 12.21 448.64-0.95 11.19 411.16 Princeton -0.66 12.30 451.95-1.00 11.14 409.32 Durham -0.73 12.23 449.38-0.89 11.25 413.37 Norfolk -0.68 12.28 451.21-0.94 11.20 411.53 Trenton -0.85 12.11 444.97-1.15 10.99 403.81 Winchester -0.65 12.31 452.32-1.00 11.14 409.32 North Gower N/A N/A Huron FOB -0.55 12.41 455.99-0.90 11.24 413.00 Kent FOB -0.73 12.23 449.38-0.94 11.20 411.53 Lambton FOB -0.73 12.23 449.38-0.94 11.20 411.53 Middlesex FOB-0.64-0.54-0.47-0.47 12.32 452.68-0.75 11.39 418.51 PROCESSORS Hamilton -0.32-0.29-0.24-0.19 12.64 464.44-0.54 11.60 426.23 Windsor -0.30-0.35-0.33-0.27 12.66 465.18-0.69 11.45 420.64 Winchester -0.70 12.26 450.48-1.00 11.14 409.32 TRANSFER Hamilton -0.25 N/A N/A N/A 12.71 467.01-0.60 11.54 424.02 Pt. Stanley -0.65 12.31 452.32-1.05 11.09 407.49 Sarnia -0.26 12.70 466.65-0.53 11.61 426.59 Owen Sound N/A N/A Sorel QC -0.15 12.81 470.69-0.10 12.04 442.39 Toledo El. -0.18 12.78 469.53-0.53 11.61 426.44 Bank of Canada Noon exchange rate was 1.0041 down 0.0005 Chicago wheat closed moderately lower. MAR11 HI 7.81 3/4 JUL11 HI 8.15 3/4 LOW 7.54 1/2 LOW 7.91 1/2 CLOSE 7.63 1/4 Down 17 CLOSE 7.95 3/4 Down 19 Minni wheat closed lower. MAR11 HI 8.71 SEP11 HI 8.70 LOW 8.40 LOW 8.44 1/4 CLOSE 8.43 1/2 Down 27 1/2 CLOSE 8.46 Down 22 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.69 -0.13 -0.64 -0.78 CAD $/bu 6.94 7.50 6.99 7.65 CAD $/tonne 255.13 275.52 256.99 281.18 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 -0.60 -1.05 N/A N/A -0.95 -1.85 N/A London -0.83 -0.73 -1.03 N/A -1.00 -0.95 -1.86 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 -0.89 N/A N/A N/A -1.07 Essex N/A N/A -1.10 N/A N/A N/A -1.92 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 -0.43 -0.93 -0.62 N/A -0.93 -1.74 -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 -0.77 N/A N/A N/A -1.40 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 -1.60 N/A PROCESSORS Toledo FM N/A 0.57 -0.44 N/A 0.32 0.06 -0.64 N/A Toledo El. 7.10US 7.17CA 7.13US 7.18CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.04 -0.69 -1.50 -0.99 CAD $/bu 6.91 7.27 6.46 7.47 CAD $/tonne 254.00 266.97 237.33 274.47 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 270.00 - 275.00 Bayport Oats 320.00 Bayport Barley 240.00 FOB Hm Soymeal 386.04 - 388.24 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00