FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 29 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0003 down 0.0061 Chicago corn closed narrowly mixed. MAR11 HI 6.26 1/2 DEC11 HI 5.59 LOW 6.19 LOW 5.52 1/4 CLOSE6.24 Up 3/4 CLOSE 5.56 Down 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 5.49 216.13 -0.70 4.86 191.33 CK High -0.70 5.54 218.10 -0.70 4.86 191.33 CK Avg -0.73 -0.74 5.51 216.79 -0.70 -0.72 4.86 191.33 Essex Cty -0.75 5.49 216.13 -0.70 4.86 191.33 Mdsx Low -0.75 5.49 216.13 -0.70 4.86 191.33 Mdsx High -0.70 5.54 218.10 -0.70 4.86 191.33 Mdsx Avg -0.73 -0.74 5.51 216.79 -0.70 -0.72 4.86 191.33 Hensall -0.75 5.49 216.13 -0.70 4.86 191.33 Bruce -0.75 5.49 216.13 -0.70 4.86 191.33 Putnam -0.75 5.49 216.13 -0.70 4.86 191.33 Princeton -0.75 5.49 216.13 -0.70 4.86 191.33 Durham -0.85 5.39 212.19 -0.80 4.76 187.39 Norfolk -0.75 5.49 216.13 -0.70 4.86 191.33 Trenton -0.80 5.44 214.16 -0.80 4.76 187.39 Winchester -0.70 5.54 218.10 -0.65 4.91 193.30 North Gower N/A N/A Huron FOB -0.75 5.49 216.13 -0.70 4.86 191.33 Kent FOB -0.75 5.49 216.13 -0.70 4.86 191.33 Lamb FOB -0.75 5.49 216.13 -0.70 4.86 191.33 Mdsx FOB -0.75 -0.75 -0.70 -0.70 5.49 216.13 -0.70 4.86 191.33 FOB SW Que -0.55 5.69 224.01 -0.45 5.11 201.17 Track -0.25 5.99 235.82N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.96 195.27 Jhnstwn-Eth N/A N/A N/A N/A -0.50 5.06 199.20 Aylmer-Eth N/A -0.50 -0.50 -0.55 N/A Sarn-Eth N/A -0.70 -0.45 -0.50 N/A Cllngwd-Eth N/A N/A N/A N/A -0.70 4.86 191.33 London-Cas N/A -0.65 -0.65 -0.65 -0.45 5.11 201.17 Pt.Colb-Cas N/A N/A N/A -0.30 -0.35 5.21 205.11 Cardnl-Cas N/A N/A N/A N/A -0.35 5.21 205.11 W O Feed -0.34 -0.34 5.90 232.27 US Rep 0.20 0.20 6.44 253.53 Toledo El. -0.12 6.12 240.93 -0.47 5.09 200.31 TRANSFER Sarnia -0.75 5.49 216.13 -0.70 4.86 191.33 Pt. Stanley -0.75 5.49 216.13 -0.67 4.89 192.51 Hamilton -0.50 5.74 225.97 -0.52 5.04198 2/5 MID SD CRN -0.72 1/2 5.51 1/2 HI SD CRN -0.70 5.54 Bank of Canada Noon exchange rate was 1.0003 down 0.0061 Chicago soybeans closed slightly lower. JAN11 HI 13.77 1/2 NOV11 HI 12.83 3/4 LOW 13.63 1/2 LOW 12.70 CLOSE13.66 Down 9 3/4 CLOSE 12.77 1/4 Down 1 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR11 CK Low -0.90 12.76 468.85-1.05 11.72 430.73 CK High -0.84 12.82 471.05-0.97 11.80 433.67 CK Average -0.87 -0.8912.79 470.04-1.01-1.0611.76 432.12 Essex Cty -0.76 12.90 473.99-0.91 11.86 435.87 Mdsx Low -0.89 12.77 469.22-1.13 11.64 427.79 Mdsx High -0.84 12.82 471.05-1.00 11.77 432.57 Mdsx Average -0.87 -0.8912.79 469.95-1.05-1.1011.73 430.85 Hensall -0.84 12.82 471.05-1.00 11.77 432.57 Bruce -0.84 12.82 471.05-0.85 11.92 438.08 Putnam -0.80 12.86 472.52-1.00 11.77 432.57 Princeton -0.85 12.81 470.69-0.95 11.82 434.40 Durham -0.90 12.76 468.85-1.15 11.62 427.05 Norfolk -0.79 12.87 472.89-0.89 11.88 436.61 Trenton -0.70 12.96 476.20-0.95 11.82 434.40 Winchester -0.65 13.01 478.04-0.90 11.87 436.24 North Gower N/A N/A Huron FOB -0.79 12.87 472.89-0.95 11.82 434.40 Kent FOB -0.84 12.82 471.05-0.95 11.82 434.40 Lambton FOB -0.84 12.82 471.05-0.95 11.82 434.40 Middlesex FOB-0.71-0.71-0.66-0.61 12.95 475.83-0.90 11.87 436.24 PROCESSORS Hamilton -0.45-0.45-0.40-0.35 13.21 485.38-0.65 12.12 445.43 Windsor -0.36-0.36-0.48-0.45 13.30 488.69-0.70 12.07 443.59 Winchester -0.50 13.16 483.55-0.65 12.12 445.43 TRANSFER Hamilton -0.39 N/A N/A N/A 13.27 487.59-0.60 12.17 447.26 Pt. Stanley -0.84 12.82 471.05-1.05 11.72 430.73 Sarnia -0.47 13.19 484.65-0.67 12.10 444.69 Owen Sound N/A N/A Sorel QC -0.11 13.55 497.88-0.10 12.67 465.63 Toledo El. -0.18 13.48 495.29-0.53 12.24 449.76 Bank of Canada Noon exchange rate was 1.0003 down 0.0061 Chicago wheat closed slightly higher. MAR11 HI 8.06 1/4 JUL11 HI 8.41 1/4 LOW 7.82 1/4 LOW 8.20 1/2 CLOSE 7.99 1/4 Up 1 CLOSE 8.36 1/4 Up 1 Minni wheat closed slightly lower. MAR11 HI 8.89 1/4 SEP11 HI 8.88 LOW 8.74 LOW 8.76 1/4 CLOSE 8.83 1/4 Down 1 CLOSE 8.82 Down 2 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.74 -0.19 -0.59 -0.79 CAD $/bu 7.25 7.80 7.40 8.05 CAD $/tonne 266.54 286.78 272.06 295.62 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 -1.05 N/A N/A -0.95 -1.85 N/A London -0.89 -0.79 -1.04 N/A -1.09 -1.09 -1.94 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 N/A Essex N/A N/A -1.04 N/A N/A N/A -1.95 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 -0.70 -1.00 N/A N/A -1.00 -1.95 N/A Brigden N/A -0.70 -1.00 N/A N/A -1.00 -1.95 N/A Palmerston N/A -0.49 -0.99 -0.65 N/A -0.99 -1.79 -0.85 Mitchell -0.70 -0.65 -0.90 N/A -0.90 -0.90 -1.80 N/A Thornton N/A N/A N/A -0.88 N/A N/A N/A -1.45 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 -0.40 N/A N/A N/A -1.32 N/A Pt. Stanley N/A N/A -0.85 N/A N/A N/A -1.95 N/A PROCESSORS Toledo FM N/A 0.61 -0.29 N/A 0.28 0.03 -0.67 N/A Toledo El. 7.56US 7.57CA 7.53US 7.56CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.07 -0.72 -1.52 -1.02 CAD $/bu 7.29 7.64 6.84 7.80 CAD $/tonne 267.92 280.83 251.32 286.65 (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 414.15 - 416.35 DDG's FOB Srn, Wndr, Aylm 175.00 - 200.00