FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9934 down 0.0020 Chicago corn closed moderately lower. MAR11 HI 6.04 1/2 DEC11 HI 5.55 1/2 LOW 5.95 LOW 5.42 CLOSE5.95 Down 7 CLOSE 5.42 Down 8 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 5.15 202.75 -0.80 4.62 181.88 CK High -0.80 5.15 202.75 -0.80 4.62 181.88 CK Avg -0.80 -0.76 5.15 202.75 -0.80 -0.78 4.62 181.88 Essex Cty -0.80 5.15 202.75 -0.80 4.62 181.88 Mdsx Low -0.80 5.15 202.75 -0.80 4.62 181.88 Mdsx High -0.80 5.15 202.75 -0.80 4.62 181.88 Mdsx Avg -0.80 -0.76 5.15 202.75 -0.80 -0.78 4.62 181.88 Hensall -0.80 5.15 202.75 -0.80 4.62 181.88 Bruce -0.80 5.15 202.75 -0.80 4.62 181.88 Putnam -0.80 5.15 202.75 -0.80 4.62 181.88 Princeton -0.80 5.15 202.75 -0.80 4.62 181.88 Durham -0.90 5.05 198.81 -0.85 4.57 179.91 Norfolk -0.80 5.15 202.75 -0.80 4.62 181.88 Trenton -0.85 5.10 200.78 -0.80 4.62 181.88 Winchester -0.75 5.20 204.71 -0.75 4.67 183.85 North Gower -0.80 5.15 202.75 -0.80 4.62 181.88 Huron FOB -0.80 5.15 202.75 -0.80 4.62 181.88 Kent FOB -0.80 5.15 202.75 -0.80 4.62 181.88 Lamb FOB -0.80 5.15 202.75 -0.80 4.62 181.88 Mdsx FOB -0.80 -0.75 -0.75N/A 5.15 202.75 -0.80 4.62 181.88 FOB SW Que -0.75 5.20 204.71 -0.60 4.82 189.76 Track -0.35 5.60 220.46N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.77 187.79 Jhnstwn-Eth N/A N/A N/A N/A -0.60 4.82 189.76 Aylmer-Eth -0.60 -0.60 -0.65 -0.60 5.35 210.62N/A Sarn-Eth N/A -0.50 -0.55 -0.45 N/A Cllngwd-Eth -0.60N/A N/A N/A 5.35 210.62-0.70* 4.72 185.82 London-Cas -0.65 -0.55 -0.65 -0.65 5.30 208.65 -0.45 4.97 195.66 Pt.Colb-Cas N/A N/A -0.45 -0.40 -0.40 5.02 197.63 Cardnl-Cas N/A N/A N/A -0.35 -0.40 5.02 197.63 W O Feed -0.37 -0.36 5.58 219.67 US Rep 0.20 0.21 6.15 242.11 Toledo El. -0.12 5.83 229.55 -0.47 4.95 194.94 TRANSFER Sarnia -0.80 5.15 202.75 -0.80 4.62 181.88 Pt. Stanley -0.79 5.16 203.14 -0.80 4.62 181.88 Hamilton -0.64 5.31 209.05 -0.55 4.87191 5/7 MID SD CRN -0.80 5.15 HI SD CRN -0.80 5.15 *Wet Bid Bank of Canada Noon exchange rate was 0.9934 down 0.0020 Chicago soybeans closed slightly to moderately lower. MAR11 HI 13.82 1/2 NOV11 HI 12.90 LOW 13.60 1/4 LOW 12.75 CLOSE13.65 Down 13 CLOSE 12.81 3/4 Down 4 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 12.59 462.60-1.15 11.67 428.71 CK High -1.05 12.60 462.97-1.04 11.78 432.75 CK Average -1.05 -0.9712.60 462.90-1.11-1.0611.71 430.25 Essex Cty -0.88 12.77 469.22-0.99 11.83 434.59 Mdsx Low -1.05 12.60 462.97-1.15 11.67 428.71 Mdsx High -0.99 12.66 465.18-1.08 11.74 431.28 Mdsx Average -1.01 -0.9312.64 464.32-1.12-1.0711.70 429.93 Hensall -1.05 12.60 462.97-1.15 11.67 428.71 Bruce -1.05 12.60 462.97-1.15 11.67 428.71 Putnam -1.05 12.60 462.97-1.15 11.67 428.71 Princeton -0.95 12.70 466.65-0.98 11.84 434.95 Durham -1.02 12.63 464.07-1.14 11.68 429.07 Norfolk -1.00 12.65 464.81-1.09 11.73 430.91 Trenton -0.95 12.70 466.65-1.05 11.77 432.38 Winchester -0.95 12.70 466.65-0.99 11.83 434.59 North Gower -0.90 12.75 468.48-0.90 11.92 437.89 Huron FOB -0.85 12.80 470.32-1.05 11.77 432.38 Kent FOB -1.05 12.60 462.97-1.15 11.67 428.71 Lambton FOB -1.05 12.60 462.97-1.15 11.67 428.71 Middlesex FOB-0.91-0.80-0.75 N/A 12.74 468.11-1.02 11.80 433.48 PROCESSORS Hamilton -0.60-0.50-0.45-0.30 13.05 479.51-0.70 12.12 445.24 Windsor -0.56-0.56-0.55-0.60 13.09 480.98-0.84 11.98 440.10 Winchester -0.77 12.88 473.26-0.82 12.00 440.83 TRANSFER Hamilton -0.75 N/A N/A N/A 12.90 473.99-0.70 12.12 445.24 Pt. Stanley -1.20 12.45 457.46-1.15 11.67 428.71 Sarnia -0.62 13.03 478.77-0.71 12.11 444.87 Owen Sound N/A N/A Sorel QC -0.10 13.55 497.88-0.15 12.67 465.45 Toledo El. -0.28 13.37 491.33-0.53 12.29 451.56 Bank of Canada Noon exchange rate was 0.9934 down 0.0020 Chicago wheat closed slightly to moderately lower. MAR11 HI 7.94 JUL11 HI 8.32 1/2 LOW 7.72 LOW 8.17 CLOSE 7.74 Down 15 CLOSE 8.21 Down 7 1/4 Minni wheat closed moderately lower. MAR11 HI 8.89 1/4 SEP11 HI 8.89 LOW 8.69 LOW 8.76 1/2 CLOSE 8.70 3/4 Down 13 CLOSE 8.77 3/4 Down 10 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 -0.55 CAD $/bu 6.95 7.49 7.10 8.16 CAD $/tonne 255.26 275.34 260.73 299.72 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 -0.86 -0.81 -1.11 N/A -1.03 -1.03 -2.03 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 -0.99 N/A N/A N/A -2.00 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 -0.75 -1.10 N/A N/A -1.15 -2.05 N/A Brigden N/A -0.75 -1.10 N/A N/A -1.15 -2.05 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 -1.09 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 -1.35 N/A Pt. Stanley N/A N/A -1.00 N/A N/A N/A -1.85 N/A PROCESSORS Toledo FM N/A 0.55 -0.35 N/A 0.22 -0.03 -0.73 N/A Toledo El. 7.31US 7.26CA 7.38US 7.35CA 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 -1.58 -1.03 CAD $/bu 7.08 7.43 6.63 7.75 CAD $/tonne 260.23 273.04 243.76 284.66 (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 407.53 - 409.74 DDG's FOB Srn, Wndr, Aylm 180.00 - 200.00