FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 6 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9954 up 0.0007 Chicago corn closed moderately lower to lower. MAR11 HI 6.21 1/2 DEC11 HI 5.60 1/4 LOW 6.00 1/4 LOW 5.49 1/4 CLOSE6.02 Down 17 1/4 CLOSE 5.50 Down 8 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 -0.80 5.22 205.50 -0.80 4.70 185.03 CK High -0.78 5.24 206.29 -0.80 4.70 185.03 CK Avg -0.80 -0.79 5.22 205.63 -0.80 -0.80 4.70 185.03 Essex Cty -0.80 5.22 205.50 -0.80 4.70 185.03 Mdsx Low -0.80 5.22 205.50 -0.80 4.70 185.03 Mdsx High -0.80 5.22 205.50 -0.80 4.70 185.03 Mdsx Avg -0.80 -0.79 5.22 205.50 -0.80 -0.80 4.70 185.03 Hensall -0.80 5.22 205.50 -0.80 4.70 185.03 Bruce -0.80 5.22 205.50 -0.80 4.70 185.03 Putnam -0.80 5.22 205.50 -0.80 4.70 185.03 Princeton -0.80 5.22 205.50 -0.80 4.70 185.03 Durham -0.90 5.12 201.57 -0.85 4.65 183.06 Norfolk -0.78 5.24 206.29 -0.80 4.70 185.03 Trenton -0.85 5.17 203.53 -0.80 4.70 185.03 Winchester -0.75 5.27 207.47 -0.75 4.75 187.00 North Gower -0.80 5.22 205.50 -0.80 4.70 185.03 Huron FOB -0.80 5.22 205.50 -0.80 4.70 185.03 Kent FOB -0.78 5.24 206.29 -0.80 4.70 185.03 Lamb FOB -0.78 5.24 206.29 -0.80 4.70 185.03 Mdsx FOB -0.80 -0.75 -0.75N/A 5.22 205.50 -0.80 4.70 185.03 FOB SW Que -0.75 5.27 207.47 -0.60 4.90 192.90 Track -0.35 5.67 223.22N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.85 190.94 Jhnstwn-Eth N/A N/A N/A N/A -0.50 5.00 196.84 Aylmer-Eth -0.60 -0.60 -0.65 -0.60 5.42 213.38N/A Sarn-Eth N/A -0.50 -0.55 -0.45 N/A Cllngwd-Eth -0.60N/A N/A N/A 5.42 213.38-0.7* 4.80 188.97 London-Cas -0.65 -0.55 -0.65 -0.65 5.37 211.41 -0.50 5.00 196.84 Pt.Colb-Cas N/A N/A -0.45 -0.40 -0.40 5.10 200.78 Cardnl-Cas N/A N/A N/A -0.35 -0.40 5.10 200.78 W O Feed -0.37 -0.37 5.65 222.43 US Rep 0.20 0.20 6.22 244.87 Toledo El. -0.12 5.90 232.28 -0.47 5.03 198.02 TRANSFER Sarnia -0.80 5.22 205.50 -0.80 4.70 185.03 Pt. Stanley -0.80 5.22 205.50 -0.75 4.75 187.00 Hamilton -0.65 5.37 211.41 -0.55 4.95194 7/8 MID SD CRN -0.79 5.23 HI SD CRN -0.78 5.241 *Wet Bid Bank of Canada Noon exchange rate was 0.9954 up 0.0007 Chicago soybeans closed slightly to moderately lower. MAR11 HI 13.98 3/4 NOV11 HI 13.00 3/4 LOW 13.76 LOW 12.84 CLOSE13.78 Down 15 1/2 CLOSE 12.86 Down 9 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY11 CK Low -1.05 12.73 467.75-1.15 11.71 430.27 CK High -1.00 12.78 469.58-1.04 11.82 434.31 CK Average -1.03 -1.0012.75 468.48-1.10-1.1011.76 432.18 Essex Cty -0.88 12.90 473.99-0.99 11.87 436.15 Mdsx Low -1.05 12.73 467.75-1.15 11.71 430.27 Mdsx High -0.94 12.84 471.79-1.04 11.82 434.31 Mdsx Average -0.99 -0.9712.79 469.83-1.09-1.0911.77 432.47 Hensall -1.05 12.73 467.75-1.15 11.71 430.27 Bruce -1.05 12.73 467.75-1.15 11.71 430.27 Putnam -1.05 12.73 467.75-1.15 11.71 430.27 Princeton -0.95 12.83 471.42-0.98 11.88 436.52 Durham -0.96 12.82 471.05-1.06 11.80 433.58 Norfolk -0.95 12.83 471.42-1.02 11.84 435.05 Trenton -0.90 12.88 473.26-1.00 11.86 435.78 Winchester -0.90 12.88 473.26-0.95 11.91 437.62 North Gower -0.90 12.88 473.26-0.90 11.96 439.45 Huron FOB -0.85 12.93 475.10-1.05 11.81 433.94 Kent FOB -1.00 12.78 469.58-1.08 11.78 432.84 Lambton FOB -1.00 12.78 469.58-1.08 11.78 432.84 Middlesex FOB-0.77-0.72-0.67 N/A 13.01 478.04-0.97 11.89 436.88 PROCESSORS Hamilton -0.53-0.43-0.38-0.30 13.25 486.85-0.65 12.21 448.64 Windsor -0.50-0.50-0.49-0.54 13.28 487.96-0.79 12.07 443.50 Winchester -0.77 13.01 478.04-0.82 12.04 442.39 TRANSFER Hamilton -0.70 N/A N/A N/A 13.08 480.61-0.65 12.21 448.64 Pt. Stanley -1.15 12.63 464.07-1.10 11.76 432.11 Sarnia -0.62 13.16 483.55-0.71 12.15 446.44 Owen Sound N/A N/A Sorel QC -0.10 13.68 502.65-0.15 12.71 467.01 Toledo El. -0.28 13.50 496.06-0.53 12.33 453.05 Bank of Canada Noon exchange rate was 0.9954 up 0.0007 Chicago wheat closed moderately lower. MAR11 HI 8.09 3/4 JUL11 HI 8.47 LOW 7.87 3/4 LOW 8.27 1/4 CLOSE 7.89 Down 19 1/4 CLOSE 8.28 1/4 Down 18 Minni wheat closed moderately lower. MAR11 HI 9.00 1/2 SEP11 HI 8.99 LOW 8.81 3/4 LOW 8.85 1/4 CLOSE 8.83 3/4 Down 15 1/4 CLOSE 8.87 3/4 Down 12 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.76 -0.21 -0.61 -0.52 CAD $/bu 7.13 7.68 7.28 8.32 CAD $/tonne 261.85 282.02 267.35 305.77 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 -0.96 N/A N/A N/A -1.97 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 -1.08 N/A N/A -1.10 -2.03 N/A Brigden N/A -0.70 -1.08 N/A N/A -1.10 -2.03 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 -1.03 N/A N/A N/A -1.60 North Gower N/A N/A N/A N/A N/A N/A N/A -2.00 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 -0.31 N/A 0.25 0.00 -0.70 N/A Toledo El. 7.46US 7.45CA 7.45US 7.45CA 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 7.18 7.53 6.73 7.88 CAD $/tonne 263.91 276.77 247.38 289.45 (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 414.59 - 416.79 DDG's FOB Srn, Wndr, Aylm 180.00 - 200.00