FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9964 up 0.0061 Chicago corn closed higher to sharply higher. MAR11 HI 6.37 DEC11 HI 5.71 1/4 LOW 6.05 1/2 LOW 5.47 1/4 CLOSE6.31 Up 24 CLOSE 5.60 Up 12 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR11+MAR11+MAY11 CK Low -0.85 5.46 214.95 -0.90 4.70 185.03 CK High -0.85 5.46 214.95 -0.85 4.75 187.00 CK Avg -0.85 -0.78 5.46 214.95 -0.88 -0.83 4.73 186.02 Essex Cty -0.85 5.46 214.95 -0.85 4.75 187.00 Mdsx Low -0.85 5.46 214.95 -0.90 4.70 185.03 Mdsx High -0.85 5.46 214.95 -0.85 4.75 187.00 Mdsx Avg -0.85 -0.78 5.46 214.95 -0.88 -0.84 4.72 185.69 Hensall -0.86 5.45 214.56 -0.89 4.72 185.62 Bruce -0.85 5.46 214.95 -0.90 4.70 185.03 Putnam -0.85 5.46 214.95 -0.90 4.70 185.03 Princeton -0.85 5.46 214.95 -0.85 4.75 187.00 Durham -0.90 5.41 212.98 -0.90 4.70 185.03 Norfolk -0.85 5.46 214.95 -0.85 4.75 187.00 Trenton -0.90 5.41 212.98 -0.90 4.70 185.03 Winchester -0.80 5.51 216.92 -0.75 4.85 190.94 North Gower -0.80 5.51 216.92 -0.80 4.80 188.97 Huron FOB -0.85 5.46 214.95 -0.85 4.75 187.00 Kent FOB -0.85 5.46 214.95 -0.85 4.75 187.00 Lamb FOB -0.85 5.46 214.95 -0.85 4.75 187.00 Mdsx FOB -0.80 -0.75 -0.80 -0.75 5.51 216.92 -0.85 4.75 187.00 FOB SW Que -0.81 5.50 216.53 -0.57 5.03 198.02 Track -0.38 5.94 233.65N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.70 4.90 192.90 Jhnstwn-Eth N/A N/A N/A N/A -0.65 4.95 194.87 Aylmer-Eth -0.60 -0.60 -0.65 -0.60 5.71 224.79N/A Sarn-Eth N/A -0.50 -0.55 -0.45 N/A Cllngwd-Eth -0.70N/A N/A N/A 5.61 220.86-0.80* 4.80 188.97 London-Cas N/A N/A N/A -0.65 5.30 208.65 -0.45 5.15 202.75 Pt.Colb-Cas N/A N/A N/A N/A -0.40 5.20 204.71 Cardnl-Cas N/A N/A N/A -0.35 -0.40 5.20 204.71 W O Feed -0.40 -0.40 5.91 232.67 US Rep 0.20 0.20 6.51 256.29 Toledo El. -0.14 6.17 242.96 -0.47 5.13 202.12 TRANSFER Sarnia -0.85 5.46 214.95 -0.85 4.75 187.00 Pt. Stanley -0.89 5.42 213.38 -0.83 4.77 187.79 Hamilton -0.72 5.59 220.07 -0.67 4.93194 MID SD CRN -0.85 5.46 HI SD CRN -0.85 5.46 *Wet Bid Bank of Canada Noon exchange rate was 0.9964 up 0.0061 Chicago soybeans closed higher to sharply higher. MAR11 HI 14.27 NOV11 HI 13.21 1/2 LOW 13.59 LOW 12.73 1/2 CLOSE14.15 Up 58 CLOSE 13.08 Up 35 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY11 CK Low -1.15 13.00 477.67-1.22 11.86 435.78 CK High -1.10 13.05 479.51-1.14 11.94 438.72 CK Average -1.13 -0.9713.02 478.55-1.19-1.0811.89 436.88 Essex Cty -1.03 13.12 482.08-1.12 11.96 439.45 Mdsx Low -1.17 12.98 476.93-1.25 11.83 434.68 Mdsx High -1.15 13.00 477.67-1.19 11.89 436.88 Mdsx Average -1.16 -1.0112.99 477.42-1.21-1.1011.87 436.03 Hensall -1.15 13.00 477.67-1.23 11.86 435.60 Bruce -1.15 13.00 477.67-1.20 11.88 436.52 Putnam -1.15 13.00 477.67-1.20 11.88 436.52 Princeton -1.08 13.07 480.24-1.11 11.97 439.82 Durham -1.19 12.96 476.20-1.27 11.81 433.94 Norfolk -1.07 13.08 480.61-1.15 11.93 438.35 Trenton -1.30 12.85 472.16-1.10 11.98 440.19 Winchester -1.04 13.11 481.71-1.03 12.05 442.76 North Gower -0.90 13.25 486.85-0.90 12.18 447.54 Huron FOB -1.00 13.15 483.18-1.20 11.88 436.52 Kent FOB -1.12 13.03 478.77-1.20 11.88 436.52 Lambton FOB -1.12 13.03 478.77-1.20 11.88 436.52 Middlesex FOB-1.24-1.20-1.20 N/A 12.91 474.36-1.25 11.83 434.68 PROCESSORS Hamilton -0.75-0.70-0.65 N/A 13.40 492.37-0.65 12.43 456.72 Windsor -0.72-0.72-0.72-0.66 13.43 493.47-0.89 12.19 447.91 Winchester -0.84 13.31 489.06-0.88 12.20 448.27 TRANSFER Hamilton -0.90 N/A N/A N/A 13.25 486.85-0.85 12.23 449.38 Pt. Stanley -1.35 12.80 470.32-1.30 11.78 432.84 Sarnia -0.82 13.33 489.79-0.87 12.21 448.64 Owen Sound N/A N/A Sorel QC -0.36 13.79 506.70-0.26 12.82 471.05 Toledo El. -0.28 13.87 509.75-0.53 12.55 461.30 Bank of Canada Noon exchange rate was 0.9964 up 0.0061 Chicago wheat closed moderately higher. MAR11 HI 7.90 1/2 JUL11 HI 8.37 1/2 LOW 7.60 LOW 8.08 1/2 CLOSE 7.70 1/2 Up 11 CLOSE 8.23 Up 14 3/4 Minni wheat closed moderately higher. MAR11 HI 8.92 3/4 SEP11 HI 9.01 LOW 8.64 1/2 LOW 8.73 CLOSE 8.77 1/2 Up 12 1/4 CLOSE 8.91 Up 17 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.82 -0.28 -0.68 -0.59 CAD $/bu 6.88 7.42 7.03 8.19 CAD $/tonne 252.82 272.82 258.27 300.81 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 -0.95 -1.95 N/A London -0.80 -0.80 -1.14 N/A -1.10 -1.10 -2.09 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 -1.30 Essex N/A N/A -1.02 N/A N/A N/A -2.03 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 -0.80 -1.15 N/A N/A -1.20 -2.18 N/A Brigden N/A -0.80 -1.15 N/A N/A -1.20 -2.18 N/A Palmerston N/A -0.59 -1.09 -0.37 N/A -1.09 -1.88 -0.96 Mitchell -0.70 -0.60 -1.05 N/A -1.10 -1.05 -2.00 N/A Thornton N/A N/A N/A -1.23 N/A N/A N/A -1.79 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 -0.60 N/A N/A N/A -1.35 N/A Pt. Stanley N/A N/A -1.00 N/A N/A N/A -1.80 N/A PROCESSORS Toledo FM N/A 0.51 -0.38 N/A 0.18 -0.07 -0.76 N/A Toledo El. 7.33US 7.25CA 7.50US 7.44CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.16 -0.81 -1.61 -1.07 CAD $/bu 7.07 7.42 6.62 7.84 CAD $/tonne 259.75 272.50 243.36 288.16 (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 424.95 - 426.05 DDG's FOB Srn, Wndr, Aylm 180.00 - 200.00