FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 13 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9868 down 0.0096 Chicago corn closed higher. MAR11 HI 6.49 1/2 DEC11 HI 5.72 3/4 LOW 6.33 1/4 LOW 5.62 CLOSE6.42 1/2 Up 11 1/2 CLOSE 5.70 1/2 Up 10 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 -0.85 5.58 219.48 -0.90 4.81 189.16 CK High -0.85 5.58 219.48 -0.85 4.86 191.13 CK Avg -0.85 -0.80 5.58 219.48 -0.89 -0.85 4.81 189.49 Essex Cty -0.85 5.58 219.48 -0.85 4.86 191.13 Mdsx Low -0.85 5.58 219.48 -0.90 4.81 189.16 Mdsx High -0.85 5.58 219.48 -0.85 4.86 191.13 Mdsx Avg -0.85 -0.80 5.58 219.48 -0.88 -0.84 4.82 189.82 Hensall -0.87 5.56 218.89 -0.89 4.82 189.56 Bruce -0.85 5.58 219.48 -0.90 4.81 189.16 Putnam -0.85 5.58 219.48 -0.90 4.81 189.16 Princeton -0.85 5.58 219.48 -0.85 4.86 191.13 Durham -0.90 5.53 217.51 -0.95 4.76 187.20 Norfolk -0.85 5.58 219.48 -0.90 4.81 189.16 Trenton -0.90 5.53 217.51 -0.95 4.76 187.20 Winchester -0.80 5.63 221.45 -0.75 4.96 195.07 North Gower -1.00 5.43 213.57 -0.90 4.81 189.16 Huron FOB -0.85 5.58 219.48 -0.85 4.86 191.13 Kent FOB -0.85 5.58 219.48 -0.90 4.81 189.16 Lamb FOB -0.85 5.58 219.48 -0.90 4.81 189.16 Mdsx FOB -0.85 -0.80 -0.85 -0.80 5.58 219.48 -0.90 4.81 189.16 FOB SW Que -0.81 5.62 221.05 -0.57 5.14 202.16 Track -0.38 6.05 238.18N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.70 5.01 197.04 Jhnstwn-Eth N/A N/A N/A N/A -0.65 5.06 199.01 Aylmer-Eth -0.60 -0.60 -0.65 -0.60 5.83 229.32N/A Sarn-Eth N/A -0.50 -0.55 -0.45 N/A Cllngwd-Eth -0.70N/A N/A N/A 5.73 225.38-0.80* 4.91 193.10 London-Cas N/A N/A N/A -0.65 5.30 208.65 -0.45 5.26 206.88 Pt.Colb-Cas N/A N/A N/A N/A -0.40 5.31 208.85 Cardnl-Cas N/A N/A N/A -0.35 -0.40 5.31 208.85 W O Feed -0.42 -0.41 6.01 236.41 US Rep 0.10 0.11 6.53 256.88 Toledo El. -0.16 6.27 246.70 -0.47 5.24 206.23 TRANSFER Sarnia -0.85 5.58 219.48 -0.85 4.86 191.13 Pt. Stanley -0.89 5.54 217.90 -0.83 4.88 191.92 Hamilton -0.72 5.71 224.60 -0.67 5.04198 2/9 MID SD CRN -0.85 5.57 1/2 HI SD CRN -0.85 5.57 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9868 down 0.0096 Chicago soybeans closed slightly higher. MAR11 HI 14.32 1/2 NOV11 HI 13.27 1/4 LOW 14.13 LOW 13.08 CLOSE14.16 Up 1 CLOSE 13.12 1/2 Up 4 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY11 CK Low -1.25 12.91 474.36-1.30 11.83 434.49 CK High -1.18 12.98 476.93-1.11 12.02 441.48 CK Average -1.22 -1.1012.94 475.39-1.23-1.1311.89 436.99 Essex Cty -1.08 13.08 480.61-1.14 11.99 440.37 Mdsx Low -1.25 12.91 474.36-1.30 11.83 434.49 Mdsx High -1.21 12.95 475.83-1.16 11.97 439.64 Mdsx Average -1.23 -1.1112.93 474.97-1.24-1.1411.89 436.70 Hensall -1.25 12.91 474.36-1.30 11.83 434.49 Bruce -1.25 12.91 474.36-1.30 11.83 434.49 Putnam -1.25 12.91 474.36-1.30 11.83 434.49 Princeton -1.14 13.02 478.40-1.18 11.95 438.90 Durham -1.29 12.87 472.89-1.28 11.85 435.23 Norfolk -1.15 13.01 478.04-1.19 11.94 438.54 Trenton -1.30 12.86 472.52-1.10 12.03 441.84 Winchester -1.05 13.11 481.71-1.00 12.13 445.52 North Gower -1.00 13.16 483.55-1.00 12.13 445.52 Huron FOB -1.05 13.11 481.71-1.25 11.88 436.33 Kent FOB -1.20 12.96 476.20-1.25 11.88 436.33 Lambton FOB -1.20 12.96 476.20-1.25 11.88 436.33 Middlesex FOB-1.20-1.15-1.15 N/A 12.96 476.20-1.14 11.99 440.37 PROCESSORS Hamilton -0.85-0.85-0.80-0.70 13.31 489.06-0.80 12.33 452.87 Windsor -0.74-0.74-0.73-0.79 13.42 493.10-0.91 12.22 448.82 Winchester -0.94 13.22 485.75-0.93 12.20 448.09 TRANSFER Hamilton -0.90 N/A N/A N/A 13.26 487.22-0.85 12.28 451.03 Pt. Stanley -1.35 12.81 470.69-1.30 11.83 434.49 Sarnia -0.92 13.24 486.49-0.84 12.29 451.40 Owen Sound N/A N/A Sorel QC -0.36 13.80 507.06-0.26 12.87 472.71 Toledo El. -0.28 13.88 510.09-0.53 12.60 462.93 Bank of Canada Noon exchange rate was 0.9868 down 0.0096 Chicago wheat closed moderately higher. MAR11 HI 7.87 1/2 JUL11 HI 8.39 1/2 LOW 7.69 1/4 LOW 8.22 CLOSE 7.83 1/2 Up 13 CLOSE 8.37 1/2 Up 14 1/2 Minni wheat closed moderately higher. MAR11 HI 8.97 1/4 SEP11 HI 9.09 1/4 LOW 8.80 LOW 8.91 CLOSE 8.93 3/4 Up 16 1/4 CLOSE 9.08 Up 17 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.81 -0.26 -0.66 -0.57 CAD $/bu 7.03 7.57 7.17 8.37 CAD $/tonne 258.14 278.17 263.60 307.41 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 -1.10 N/A N/A -1.15 -2.05 N/A London -0.77 -0.77 -1.12 N/A -1.09 -1.09 -2.04 N/A Hensall -0.70 N/A -1.05 N/A -1.20 N/A -2.10 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 -1.03 N/A N/A N/A -2.09 N/A Norwich -0.70 N/A -1.05 N/A -1.20 N/A -2.10 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 -1.20 N/A -2.10 N/A Chatham N/A -0.80 -1.12 N/A N/A -1.20 -2.08 N/A Brigden N/A -0.80 -1.12 N/A N/A -1.20 -2.08 N/A Palmerston N/A -0.59 -1.09 -0.37 N/A -1.09 -1.86 -0.96 Mitchell -0.70 -0.60 -1.05 N/A -1.20 -1.15 -2.10 N/A Thornton N/A N/A N/A -1.19 N/A N/A N/A -1.70 North Gower N/A N/A N/A N/A N/A N/A N/A -2.00 TERMINAL Sarnia -0.85 -0.36 -0.80 N/A -1.14 -0.85 -1.79 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 0.53 -0.36 N/A 0.19 -0.06 -0.76 N/A Toledo El. 7.46US 7.39CA 7.65US 7.59CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.15 -0.81 -1.60 -1.06 CAD $/bu 7.22 7.57 6.77 8.02 CAD $/tonne 265.32 278.09 248.91 294.68 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 275.00 - 280.00 Bayport Oats 320.00 Bayport Barley 260.00 FOB Hm Soymeal 422.85 - 428.37 DDG's FOB Srn, Wndr, Aylm 180.00 - 215.00