FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 5 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9947 down 0.0039 Chicago corn closed higher. MAR11 HI 6.19 3/4 DEC11 HI 5.59 1/2 LOW 6.00 1/4 LOW 5.38 CLOSE6.19 1/4 Up 10 3/4 CLOSE 5.58 1/4 Up 14 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 -0.80 5.39 212.29 -0.80 4.78 188.28 CK High -0.75 5.44 214.26 -0.80 4.78 188.28 CK Avg -0.79 -0.78 5.40 212.62 -0.80 -0.80 4.78 188.28 Essex Cty -0.80 5.39 212.29 -0.80 4.78 188.28 Mdsx Low -0.80 5.39 212.29 -0.80 4.78 188.28 Mdsx High -0.80 5.39 212.29 -0.80 4.78 188.28 Mdsx Avg -0.80 -0.78 5.39 212.29 -0.80 -0.80 4.78 188.28 Hensall -0.80 5.39 212.29 -0.80 4.78 188.28 Bruce -0.80 5.39 212.29 -0.80 4.78 188.28 Putnam -0.80 5.39 212.29 -0.80 4.78 188.28 Princeton -0.80 5.39 212.29 -0.80 4.78 188.28 Durham -0.90 5.29 208.36 -0.85 4.73 186.31 Norfolk -0.75 5.44 214.26 -0.80 4.78 188.28 Trenton -0.85 5.34 210.32 -0.80 4.78 188.28 Winchester -0.75 5.44 214.26 -0.75 4.83 190.25 North Gower N/A N/A Huron FOB -0.80 5.39 212.29 -0.80 4.78 188.28 Kent FOB -0.75 5.44 214.26 -0.80 4.78 188.28 Lamb FOB -0.75 5.44 214.26 -0.80 4.78 188.28 Mdsx FOB -0.80 -0.75 -0.75N/A 5.39 212.29 -0.80 4.78 188.28 FOB SW Que -0.75 5.44 214.26 -0.60 4.98 196.15 Track -0.43 5.77 227.06N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.93 194.18 Jhnstwn-Eth N/A N/A N/A N/A -0.50 5.08 200.09 Aylmer-Eth -0.60 -0.60 -0.65 -0.60 5.59 220.17N/A Sarn-Eth N/A -0.50 -0.55 -0.45 N/A Cllngwd-Eth -0.60N/A N/A N/A 5.59 220.17N/A London-Cas -0.65 -0.65 -0.65 -0.65 5.54 218.20 -0.45 5.13 202.06 Pt.Colb-Cas N/A N/A N/A N/A -0.40 5.18 204.03 Cardnl-Cas N/A N/A N/A N/A -0.40 5.18 204.03 W O Feed -0.37 -0.36 5.82 229.22 US Rep 0.20 0.21 6.39 251.66 Toledo El. -0.12 6.07 239.08 -0.47 5.11 201.27 TRANSFER Sarnia -0.80 5.39 212.29 -0.80 4.78 188.28 Pt. Stanley -0.80 5.39 212.29 -0.75 4.83 190.25 Hamilton -0.65 5.54 218.20 -0.55 5.03198 1/8 MID SD CRN -0.77 1/2 5.41 3/4 HI SD CRN -0.75 5.44 1/4 Bank of Canada Noon exchange rate was 0.9947 down 0.0039 Chicago soybeans closed moderately higher to higher. MAR11 HI 13.95 NOV11 HI 12.98 1/4 LOW 13.62 LOW 12.69 CLOSE13.93 1/2 Up 24 CLOSE 12.95 1/2 Up 18 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY11 CK Low -1.05 12.89 473.44-1.15 11.81 433.76 CK High -0.98 12.96 476.01-1.04 11.92 437.80 CK Average -1.03 -0.9912.91 474.32-1.09-1.0911.87 436.04 Essex Cty -0.88 13.06 479.69-0.99 11.97 439.64 Mdsx Low -1.05 12.89 473.44-1.15 11.81 433.76 Mdsx High -0.94 13.00 477.48-1.04 11.92 437.80 Mdsx Average -0.99 -0.9612.94 475.52-1.09-1.0911.87 435.96 Hensall -1.05 12.89 473.44-1.15 11.81 433.76 Bruce -1.05 12.89 473.44-1.15 11.81 433.76 Putnam -1.05 12.89 473.44-1.15 11.81 433.76 Princeton -0.95 12.99 477.12-0.98 11.98 440.01 Durham -0.96 12.98 476.75-1.06 11.90 437.07 Norfolk -0.91 13.03 478.59-0.99 11.97 439.64 Trenton -0.90 13.04 478.95-1.00 11.96 439.27 Winchester -0.87 13.07 480.06-0.92 12.04 442.21 North Gower N/A N/A Huron FOB -0.85 13.09 480.79-1.05 11.91 437.43 Kent FOB -0.96 12.98 476.75-1.05 11.91 437.43 Lambton FOB -0.96 12.98 476.75-1.05 11.91 437.43 Middlesex FOB-0.77-0.72-0.67 N/A 13.17 483.73-0.97 11.99 440.37 PROCESSORS Hamilton -0.55-0.45-0.40-0.35 13.39 491.81-0.70 12.26 450.29 Windsor -0.52-0.52-0.51-0.56 13.42 492.92-0.75 12.21 448.46 Winchester -0.75 13.19 484.47-0.80 12.16 446.62 TRANSFER Hamilton -0.70 N/A N/A N/A 13.24 486.30-0.65 12.31 452.13 Pt. Stanley -1.15 12.79 469.77-1.10 11.86 435.60 Sarnia -0.62 13.32 489.24-0.71 12.25 449.93 Owen Sound N/A N/A Sorel QC -0.10 13.84 508.35-0.15 12.81 470.50 Toledo El. -0.28 13.66 501.76-0.53 12.43 456.54 Bank of Canada Noon exchange rate was 0.9947 down 0.0039 Chicago wheat closed moderately higher. MAR11 HI 8.10 1/4 JUL11 HI 8.48 1/2 LOW 7.76 LOW 8.15 1/2 CLOSE 8.08 1/4 Up 19 CLOSE 8.46 1/4 Up 19 Minni wheat closed higher. MAR11 HI 9.00 3/4 SEP11 HI 9.00 LOW 8.66 LOW 8.70 CLOSE 8.99 Up 22 3/4 CLOSE 8.99 3/4 Up 22 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.77 -0.22 -0.62 -0.52 CAD $/bu 7.31 7.86 7.46 8.47 CAD $/tonne 268.72 288.88 274.22 311.15 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 -0.75 -1.05 N/A N/A -1.05 -1.95 N/A London -0.83 -0.73 -1.03 N/A -0.95 -1.00 -1.95 N/A Hensall -0.70 N/A -1.05 N/A -1.10 N/A -2.00 N/A Trenton N/A N/A N/A N/A N/A N/A -1.95 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.60 Essex N/A N/A -0.97 N/A N/A N/A -1.98 N/A Norwich -0.70 N/A -1.05 N/A -1.10 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 -1.10 N/A -2.00 N/A Chatham N/A -0.70 -1.05 N/A N/A -1.10 -2.00 N/A Brigden N/A -0.70 -1.05 N/A N/A -1.10 -2.00 N/A Palmerston N/A -0.52 -1.02 -0.78 N/A -1.02 -1.82 -0.88 Mitchell -0.70 -0.60 -1.05 N/A -1.10 -1.05 -2.00 N/A Thornton N/A N/A N/A -0.99 N/A N/A N/A -1.54 North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia -0.75 -0.40 -0.80 N/A -1.04 -0.74 -1.63 N/A Hamilton N/A N/A -0.55 N/A N/A N/A -1.50 N/A Pt. Stanley N/A N/A -1.00 N/A N/A N/A -1.95 N/A PROCESSORS Toledo FM N/A 0.58 -0.32 N/A 0.25 0.00 -0.70 N/A Toledo El. 7.65US 7.63CA 7.63US 7.63CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.10 -0.75 -1.55 -1.00 CAD $/bu 7.36 7.71 6.91 8.00 CAD $/tonne 270.50 283.36 253.97 293.83 (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 250.00 FOB Hm Soymeal 418.89 DDG's FOB Srn, Wndr, Aylm 180.00 - 200.00