FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 23 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0095 down 0.0053 Chicago corn closed slightly higher. MAR11 HI 6.14 3/4 DEC11 HI 5.51 1/4 LOW 6.06 1/2 LOW 5.47 1/4 CLOSE6.14 Up 5 CLOSE 5.51 1/4 Up 1 1/4 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 5.39 212.19 -0.70 4.81 189.46 CK High -0.70 5.44 214.16 -0.70 4.81 189.46 CK Avg -0.73 -0.80 5.41 212.85 -0.70 -0.78 4.81 189.46 Essex Cty -0.75 5.39 212.19 -0.70 4.81 189.46 Mdsx Low -0.75 5.39 212.19 -0.70 4.81 189.46 Mdsx High -0.70 5.44 214.16 -0.70 4.81 189.46 Mdsx Avg -0.73 -0.80 5.41 212.85 -0.70 -0.78 4.81 189.46 Hensall -0.75 5.39 212.19 -0.70 4.81 189.46 Bruce -0.75 5.39 212.19 -0.70 4.81 189.46 Putnam -0.75 5.39 212.19 -0.70 4.81 189.46 Princeton -0.75 5.39 212.19 -0.70 4.81 189.46 Durham -0.85 5.29 208.26 -0.80 4.71 185.52 Norfolk -0.70 5.44 214.16 -0.70 4.81 189.46 Trenton -0.80 5.34 210.23 -0.80 4.71 185.52 Winchester -0.75 5.39 212.19 -0.75 4.76 187.49 North Gower N/A N/A Huron FOB -0.75 5.39 212.19 -0.70 4.81 189.46 Kent FOB -0.70 5.44 214.16 -0.70 4.81 189.46 Lamb FOB -0.70 5.44 214.16 -0.70 4.81 189.46 Mdsx FOB -0.75 -0.70 -0.65 -0.65 5.39 212.19 -0.70 4.81 189.46 FOB SW Que -0.70 5.44 214.16 -0.50 5.01 197.33 Track -0.33 5.82 228.93N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.91 193.40 Jhnstwn-Eth N/A N/A N/A N/A -0.50 5.01 197.33 Aylmer-Eth N/A -0.60 -0.60 -0.65 N/A Sarn-Eth N/A -0.70 -0.45 -0.50 N/A Cllngwd-Eth -0.55N/A N/A N/A 5.59 220.07N/A London-Cas N/A -0.65 -0.65 -0.65 -0.45 5.06 199.30 Pt.Colb-Cas N/A N/A N/A -0.30 -0.35 5.16 203.24 Cardnl-Cas N/A N/A N/A N/A -0.35 5.16 203.24 W O Feed -0.34 -0.35 5.80 228.34 US Rep 0.20 0.19 6.34 249.59 Toledo El. -0.12 6.02 236.94 -0.48 5.04 198.24 TRANSFER Sarnia -0.75 5.39 212.19 -0.70 4.81 189.46 Pt. Stanley -0.72 5.42 213.38 -0.75 4.76 187.49 Hamilton -0.50 5.64 222.04 -0.50 5.01197 1/3 MID SD CRN -0.72 1/2 5.41 1/2 HI SD CRN -0.70 5.44 Bank of Canada Noon exchange rate was 1.0095 down 0.0053 Chicago soybeans closed moderately higher. JAN11 HI 13.55 NOV11 HI 12.71 1/4 LOW 13.28 LOW 12.46 1/4 CLOSE13.49 1/2 Up 20 3/4 CLOSE 12.66 Up 17 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -0.66 12.84 471.61-0.88 11.78 432.84 CK High -0.63 12.87 472.71-0.85 11.81 433.94 CK Average -0.65 -0.8012.85 472.05-0.86-1.0511.80 433.65 Essex Cty -0.55 12.95 475.65-0.79 11.87 436.15 Mdsx Low -0.65 12.85 471.97-0.91 11.75 431.74 Mdsx High -0.58 12.92 474.55-0.85 11.81 433.94 Mdsx Average -0.62 -0.7812.87 472.95-0.87-1.0611.79 433.21 Hensall -0.63 12.87 472.89-0.85 11.81 433.94 Bruce -0.65 12.85 471.97-0.85 11.81 433.94 Putnam -0.60 12.90 473.81-0.80 11.86 435.78 Princeton -0.53 12.97 476.38-0.87 11.79 433.21 Durham -0.66 12.84 471.61-0.93 11.73 431.00 Norfolk -0.60 12.90 473.81-0.71 11.95 439.09 Trenton -0.55 12.95 475.65-0.85 11.81 433.94 Winchester -0.65 12.85 471.97-0.85 11.81 433.94 North Gower N/A N/A Huron FOB -0.50 13.00 477.48-0.80 11.86 435.78 Kent FOB -0.65 12.85 471.97-0.77 11.89 436.88 Lambton FOB -0.65 12.85 471.97-0.77 11.89 436.88 Middlesex FOB-0.52-0.42-0.42 N/A 12.98 476.75-0.74 11.92 437.99 PROCESSORS Hamilton -0.25-0.20-0.20 N/A 13.25 486.67-0.55 12.11 444.97 Windsor -0.24-0.24-0.36-0.33 13.26 487.04-0.58 12.08 443.86 Winchester -0.45 13.05 479.32-0.75 11.91 437.62 TRANSFER Hamilton -0.40 N/A N/A N/A 13.10 481.16-0.45 12.21 448.64 Pt. Stanley -0.84 12.66 464.99-0.92 11.74 431.37 Sarnia -0.22 13.28 487.77-0.48 12.18 447.54 Owen Sound N/A N/A Sorel QC 0.15 13.65 501.370.10 12.76 468.85 Toledo El. -0.18 13.31 489.17-0.54 12.12 445.41 Bank of Canada Noon exchange rate was 1.0095 down 0.0053 Chicago wheat closed narrowly mixed. MAR11 HI 7.88 1/4 JUL11 HI 8.27 LOW 7.76 LOW 8.16 CLOSE 7.83 Down 1/2 CLOSE 8.23 Up 1/2 Minni wheat closed slightly lower. MAR11 HI 8.75 3/4 SEP11 HI 8.77 LOW 8.63 1/4 LOW 8.67 1/4 CLOSE 8.68 1/4 Down 1 1/2 CLOSE 8.69 1/4 Down 2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.67 -0.11 -0.52 -0.71 CAD $/bu 7.16 7.72 7.31 7.97 CAD $/tonne 263.17 283.62 268.75 293.00 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 -1.00 N/A N/A -1.00 -1.80 N/A London -0.79 -0.69 -0.95 N/A -0.99 -0.99 -1.85 N/A Hensall -0.70 N/A -0.90 N/A -0.90 N/A -1.75 N/A Trenton N/A N/A N/A N/A N/A N/A -1.80 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.10 Essex N/A N/A -0.97 N/A N/A N/A -1.89 N/A Norwich -0.70 N/A -0.90 N/A -0.90 N/A -1.80 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.70 N/A -0.90 N/A -0.90 N/A -1.80 N/A Chatham N/A -0.60 -0.90 N/A N/A -0.90 -1.86 N/A Brigden N/A -0.60 -0.90 N/A N/A -0.90 -1.86 N/A Palmerston N/A -0.37 -0.88 -0.52 N/A -0.87 -1.69 -0.72 Mitchell -0.70 -0.65 -0.90 N/A -0.90 -0.90 -1.80 N/A Thornton N/A N/A N/A -0.78 N/A N/A N/A -1.35 North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia -0.53 -0.12 -0.53 N/A -0.81 -0.50 -1.48 N/A Hamilton N/A N/A -0.35 N/A N/A N/A -1.23 N/A Pt. Stanley N/A N/A -0.80 N/A N/A N/A -1.71 N/A PROCESSORS Toledo FM N/A 0.60 -0.41 N/A 0.38 0.12 -0.59 N/A Toledo El. 7.40US 7.49CA 7.40US 7.51CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.99 -0.64 -1.45 -0.94 CAD $/bu 7.24 7.59 6.78 7.76 CAD $/tonne 265.86 278.92 249.08 284.97 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 275.00 Bayport Oats 320.00 Bayport Barley 260.00 FOB Hm Soymeal 410.07 - 414.48 DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00