<HTML><HEAD><TITLE>Farm Market News</TITLE></HEAD><BODY><H3>
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 16
</H3><h4>(All BAses in CAD)</h4><PRE>
Bank of Canada Noon exchange rate was 1.0056 up 0.0021
Chicago soybeans closed mixed.
JAN11 HI 13.03 3/4 NOV11 HI 12.22
LOW 12.85 LOW 12.06
CLOSE12.89 Down 7 1/2 CLOSE 12.13 Up 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 12.14 446.07-1.00 11.13 408.96
CK High -0.73 12.16 446.80-0.95 11.18 410.79
CK Average -0.74 -0.8412.15 446.36-0.97-1.0911.16 410.13
Essex Cty -0.70 12.19 447.91-0.94 11.19 411.16
Mdsx Low -0.75 12.14 446.07-0.95 11.18 410.79
Mdsx High -0.68 12.21 448.64-0.92 11.21 411.90
Mdsx Average -0.71 -0.8112.18 447.42-0.94-1.0611.19 411.16
Hensall -0.75 12.14 446.07-0.98 11.16 409.88
Bruce -0.75 12.14 446.07-0.95 11.18 410.79
Putnam -0.75 12.14 446.07-0.95 11.18 410.79
Princeton -0.66 12.23 449.38-1.06 11.07 406.75
Durham -0.73 12.16 446.80-0.94 11.19 411.16
Norfolk -0.74 12.15 446.44-1.00 11.13 408.96
Trenton -0.85 12.04 442.39-1.15 10.98 403.45
Winchester -0.75 12.14 446.07-1.00 11.13 408.96
North Gower N/A N/A
Huron FOB -0.75 12.14 446.07-0.90 11.23 412.63
Kent FOB -0.74 12.15 446.44-1.00 11.13 408.96
Lambton FOB -0.74 12.15 446.44-1.00 11.13 408.96
Middlesex FOB-0.69-0.59-0.52-0.52 12.20 448.27-0.80 11.33 416.31
PROCESSORS
Hamilton -0.30-0.25-0.25-0.19 12.59 462.60-0.52 11.61 426.59
Windsor -0.29-0.34-0.33-0.27 12.60 462.97-0.61 11.52 423.29
Winchester -0.65 12.24 449.74-0.90 11.23 412.63
TRANSFER
Hamilton -0.25 N/A N/A N/A 12.64 464.44-0.60 11.53 423.65
Pt. Stanley -0.70 12.19 447.91-1.10 11.03 405.28
Sarnia -0.34 12.55 461.13-0.58 11.55 424.39
Owen Sound N/A N/A
Sorel QC -0.09 12.80 470.320.00 12.13 445.70
Toledo El. -0.18 12.71 466.96-0.54 11.59 426.03
Bank of Canada Noon exchange rate was 1.0056 up 0.0021
Chicago corn closed slightly higher.
MAR11 HI 5.90 DEC11 HI 5.33 1/2
LOW 5.81 1/2 LOW 5.26 3/4
CLOSE5.87 1/2 Up 3 1/4 CLOSE 5.32 1/2 Up 4 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 5.13 201.76 -0.70 4.63 182.08
CK High -0.75 5.13 201.76 -0.70 4.63 182.08
CK Avg -0.75 -0.80 5.13 201.76 -0.70 -0.75 4.63 182.08
Essex Cty -0.75 5.13 201.76 -0.70 4.63 182.08
Mdsx Low -0.75 5.13 201.76 -0.70 4.63 182.08
Mdsx High -0.75 5.13 201.76 -0.70 4.63 182.08
Mdsx Avg -0.75 -0.80 5.13 201.76 -0.70 -0.75 4.63 182.08
Hensall -0.75 5.13 201.76 -0.70 4.63 182.08
Bruce -0.75 5.13 201.76 -0.70 4.63 182.08
Putnam -0.75 5.13 201.76 -0.70 4.63 182.08
Princeton -0.75 5.13 201.76 -0.70 4.63 182.08
Durham -0.90 4.98 195.86 -0.80 4.53 178.14
Norfolk -0.75 5.13 201.76 -0.70 4.63 182.08
Trenton -0.80 5.08 199.79 -0.80 4.53 178.14
Winchester -0.75 5.13 201.76 -0.70 4.63 182.08
North Gower N/A N/A
Huron FOB -0.75 5.13 201.76 -0.70 4.63 182.08
Kent FOB -0.75 5.13 201.76 -0.70 4.63 182.08
Lamb FOB -0.75 5.13 201.76 -0.70 4.63 182.08
Mdsx FOB -0.75 -0.70 -0.65 -0.65 5.13 201.76 -0.70 4.63 182.08
FOB SW Que -0.65 5.23 205.70 -0.49 4.84 190.35
Track -0.33 5.55 218.49N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A -0.55 4.78 187.98
Jhnstwn-Eth N/A N/A N/A N/A -0.50 4.83 189.95
Aylmer-Eth -0.60 -0.60 -0.60 -0.65 5.28 207.67N/A
Sarn-Eth N/A -0.70 -0.45 -0.50 N/A
Cllngwd-Eth -0.55N/A N/A N/A 5.33 209.64N/A
London-Cas N/A -0.75 -0.75 -0.75 -0.55 4.78 187.98
Pt.Colb-Cas N/A N/A N/A -0.40 -0.45 4.88 191.92
Cardnl-Cas N/A N/A N/A N/A -0.40 4.93 193.89
W O Feed -0.34 -0.35 5.54 217.90
US Rep 0.20 0.19 6.08 239.16
Toledo El. -0.12 5.75 226.53 -0.47 4.85 190.94
TRANSFER
Sarnia -0.75 5.13 201.76 -0.70 4.63 182.08
Pt. Stanley -0.73 5.15 202.55 -0.77 4.56 179.32
Hamilton -0.48 5.40 212.39 -0.50 4.83190
MID SD CRN -0.75 5.12 1/2
HI SD CRN -0.75 5.12 1/2
Bank of Canada Noon exchange rate was 1.0056 up 0.0021
Chicago wheat closed moderately lower.
MAR11 HI 7.66 3/4 JUL11 HI 8.02
LOW 7.46 LOW 7.83 1/2
CLOSE 7.49 3/4 Down 15 CLOSE 7.87 1/2 Down 11 1/4
Minni wheat closed slightly lower.
MAR11 HI 8.47 1/4 SEP11 HI 8.47
LOW 8.30 3/4 LOW 8.33
CLOSE 8.35 1/4 Down 7 1/2 CLOSE 8.36 1/2 Down 6 1/2
GFO Cash Wheat Prices - DEL Terminal
Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.70 -0.14 -0.65 -0.79
CAD $/bu 6.80 7.35 6.85 7.56
CAD $/tonne 249.85 270.22 251.70 277.81
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 -0.86 -0.76 -1.06 N/A -1.03 -0.98 -1.89 N/A
Hensall -0.80 N/A -1.00 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 -1.00 N/A N/A N/A -1.92 N/A
Norwich -0.80 N/A -1.00 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 -1.00 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 -1.00 N/A -1.00 -0.90 -1.90 N/A
Thornton N/A N/A N/A -0.87 N/A N/A N/A -1.42
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 -0.40 N/A N/A N/A -1.34 N/A
Pt. Stanley N/A N/A -0.90 N/A N/A N/A -1.79 N/A
PROCESSORS
Toledo FM N/A 0.56 -0.45 N/A 0.33 0.08 -0.63 N/A
Toledo El. 6.97US 7.02CA 7.05US 7.12CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -1.03 -0.68 -1.49 -0.98
CAD $/bu 6.84 7.20 6.39 7.39
CAD $/tonne 251.48 264.47 234.78 271.52
(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 387.80 - 390.00
DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00
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