FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9946 up 0.0000 Chicago corn closed moderately lower. MAR11 HI 6.34 DEC11 HI 5.64 1/2 LOW 6.20 LOW 5.51 3/4 CLOSE6.20 1/2 Down 8 1/2 CLOSE 5.52 1/2 Down 9 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR11+MAR11+MAY11 CK Low -0.80 5.41 212.79 -0.80 4.73 186.02 CK High -0.80 5.41 212.79 -0.75 4.78 187.98 CK Avg -0.80 -0.76 5.41 212.79 -0.79 -0.77 4.73 186.34 Essex Cty -0.80 5.41 212.79 -0.80 4.73 186.02 Mdsx Low -0.80 5.41 212.79 -0.80 4.73 186.02 Mdsx High -0.80 5.41 212.79 -0.80 4.73 186.02 Mdsx Avg -0.80 -0.76 5.41 212.79 -0.80 -0.78 4.73 186.02 Hensall N/A -0.78 4.75 187.00 Bruce -0.75 5.46 214.75 -0.80 4.73 186.02 Putnam -0.75 5.46 214.75 -0.80 4.73 186.02 Princeton -0.80 5.41 212.79 -0.80 4.73 186.02 Durham -0.90 5.31 208.85 -0.85 4.68 184.05 Norfolk -0.80 5.41 212.79 -0.75 4.78 187.98 Trenton -0.80 5.41 212.79 -0.80 4.73 186.02 Winchester -0.70 5.51 216.72 -0.65 4.88 191.92 North Gower N/A N/A Huron FOB N/A N/A Kent FOB -0.80 5.41 212.79 -0.75 4.78 187.98 Lamb FOB -0.80 5.41 212.79 -0.75 4.78 187.98 Mdsx FOB -0.75 -0.75 -0.70 -0.70 5.46 214.75 -0.70 4.83 189.95 FOB SW Que -0.70 5.51 216.72 -0.50 5.03 197.83 Track -0.55 5.66 222.63N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.88 191.92 Jhnstwn-Eth N/A N/A N/A N/A -0.50 5.03 197.83 Aylmer-Eth -0.60 -0.60 -0.65 -0.60 5.61 220.66N/A Sarn-Eth N/A -0.50 -0.55 -0.45 N/A Cllngwd-Eth -0.70N/A N/A N/A 5.51 216.72N/A London-Cas -0.70 -0.70 -0.70 -0.70 5.51 216.72 -0.50 5.03 197.83 Pt.Colb-Cas N/A N/A N/A N/A -0.40 5.13 201.76 Cardnl-Cas N/A N/A N/A N/A -0.40 5.13 201.76 W O Feed -0.34 -0.33 5.87 230.89 US Rep 0.20 0.21 6.41 252.15 Toledo El. -0.12 6.09 239.58 -0.47 5.06 199.07 TRANSFER Sarnia -0.80 5.41 212.79 -0.80 4.73 186.02 Pt. Stanley -0.75 5.46 214.75 -0.67 4.86 191.13 Hamilton -0.50 5.71 224.60 -0.52 5.01197 MID SD CRN -0.80 5.40 1/2 HI SD CRN -0.80 5.40 1/2 Bank of Canada Noon exchange rate was 0.9946 up 0.0000 Chicago soybeans closed moderately lower to lower. MAR11 HI 14.09 NOV11 HI 13.10 LOW 13.75 LOW 12.91 CLOSE13.79 Down 24 CLOSE 12.94 1/4 Down 14 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY11 CK Low -1.06 12.73 467.75-1.10 11.84 435.14 CK High -1.05 12.74 468.11-1.05 11.89 436.97 CK Average -1.05 -0.9712.74 467.99-1.07-1.0311.87 436.17 Essex Cty -0.96 12.83 471.42-1.02 11.92 438.08 Mdsx Low -1.00 12.79 469.95-1.10 11.84 435.14 Mdsx High -1.00 12.79 469.95-1.08 11.86 435.87 Mdsx Average -1.00 -0.9212.79 469.95-1.09-1.0511.85 435.38 Hensall N/A -1.08 11.87 436.06 Bruce -0.95 12.84 471.79-1.05 11.89 436.97 Putnam -0.80 12.99 477.30-1.05 11.89 436.97 Princeton -0.96 12.83 471.42-1.01 11.93 438.44 Durham -1.02 12.77 469.22-1.10 11.84 435.14 Norfolk -1.00 12.79 469.95-1.09 11.85 435.50 Trenton -0.70 13.09 480.98-0.95 11.99 440.65 Winchester -0.65 13.14 482.81-0.90 12.04 442.49 North Gower N/A N/A Huron FOB N/A N/A Kent FOB -1.05 12.74 468.11-1.15 11.79 433.30 Lambton FOB -1.05 12.74 468.11-1.15 11.79 433.30 Middlesex FOB-0.83-0.78-0.73 N/A 12.96 476.20-1.01 11.93 438.44 PROCESSORS Hamilton -0.53-0.53-0.45-0.33 13.26 487.22-0.66 12.28 451.30 Windsor -0.57-0.57-0.56 N/A 13.22 485.75-0.80 12.14 446.16 Winchester -0.55 13.24 486.49-0.80 12.14 446.16 TRANSFER Hamilton -0.40 N/A N/A N/A 13.39 492.00-0.60 12.34 453.51 Pt. Stanley -0.85 12.94 475.46-1.05 11.89 436.97 Sarnia -0.71 13.08 480.61-0.75 12.19 448.00 Owen Sound N/A N/A Sorel QC -0.10 13.69 503.02-0.05 12.89 473.72 Toledo El. -0.28 13.51 496.47-0.53 12.41 456.15 Bank of Canada Noon exchange rate was 0.9946 up 0.0000 Chicago wheat closed slightly to moderately higher. MAR11 HI 8.25 JUL11 HI 8.58 1/2 LOW 7.92 3/4 LOW 8.29 3/4 CLOSE 8.05 1/2 Up 11 1/4 CLOSE 8.40 1/4 Up 8 1/4 Minni wheat closed slightly higher. MAR11 HI 9.08 SEP11 HI 9.04 LOW 8.80 1/2 LOW 8.80 CLOSE 8.89 Up 7 1/2 CLOSE 8.88 3/4 Up 8 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.79 -0.25 -0.64 -0.85 CAD $/bu 7.26 7.81 7.41 8.04 CAD $/tonne 266.81 286.90 272.29 295.48 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 -0.65 -1.10 N/A N/A -1.10 -2.05 N/A London -0.96 -0.86 -1.11 N/A -1.12 -1.12 -1.95 N/A Hensall -0.70 N/A -1.05 N/A -1.00 N/A -1.95 N/A Trenton N/A N/A N/A N/A N/A N/A -1.85 N/A Winchester N/A N/A N/A -1.04 N/A N/A N/A -1.21 Essex N/A N/A -1.00 N/A N/A N/A -2.01 N/A Norwich -0.70 N/A -1.05 N/A -1.00 N/A -2.00 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 -1.05 N/A -1.00 N/A -2.00 N/A Chatham N/A -0.70 -1.10 N/A N/A -1.10 -2.05 N/A Brigden N/A -0.70 -1.10 N/A N/A -1.10 -2.05 N/A Palmerston N/A -0.56 -1.08 -0.73 N/A -1.05 -1.85 -0.93 Mitchell -0.70 -0.65 -1.05 N/A -1.00 -1.05 -2.00 N/A Thornton N/A N/A N/A -0.95 N/A N/A N/A -1.51 North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia N/A N/A N/A N/A -0.85 -0.54 -1.51 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 -1.82 N/A PROCESSORS Toledo FM N/A 0.55 -0.35 N/A 0.22 -0.03 -0.73 N/A Toledo El. 7.63US 7.58CA 7.57US 7.55CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.13 -0.78 -1.57 -1.08 CAD $/bu 7.28 7.63 6.83 7.81 CAD $/tonne 267.36 280.17 250.88 286.95 (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 414.48 - 417.78 DDG's FOB Srn, Wndr, Aylm 175.00 - 200.00