FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 17 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9862 down 0.0042 Chicago corn closed steady. MAR11 HI 6.49 3/4 DEC11 HI 5.72 LOW 6.36 1/4 LOW 5.65 CLOSE6.48 3/4 Unchanged CLOSE 5.71 1/4 Unchanged OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR11+MAR11+MAY11 CK Low -0.90 5.59 219.97 -0.90 4.81 189.46 CK High -0.85 5.64 221.94 -0.90 4.81 189.46 CK Avg -0.89 -0.81 5.60 220.30 -0.90 -0.84 4.81 189.46 Essex Cty -0.90 5.59 219.97 -0.90 4.81 189.46 Mdsx Low -0.90 5.59 219.97 -0.90 4.81 189.46 Mdsx High -0.80 5.69 223.91 -0.90 4.81 189.46 Mdsx Avg -0.87 -0.79 5.62 221.28 -0.90 -0.84 4.81 189.46 Hensall -0.89 5.60 220.36 -0.89 4.82 189.85 Bruce -0.90 5.59 219.97 -0.90 4.81 189.46 Putnam -0.90 5.59 219.97 -0.90 4.81 189.46 Princeton -0.90 5.59 219.97 -0.90 4.81 189.46 Durham -0.95 5.54 218.00 -0.95 4.76 187.49 Norfolk -0.85 5.64 221.94 -0.90 4.81 189.46 Trenton -0.90 5.59 219.97 -0.95 4.76 187.49 Winchester -0.80 5.69 223.91 -0.75 4.96 195.36 North Gower -1.00 5.49 216.03 -0.90 4.81 189.46 Huron FOB -0.85 5.64 221.94 -0.85 4.86 191.43 Kent FOB -0.85 5.64 221.94 -0.90 4.81 189.46 Lamb FOB -0.85 5.64 221.94 -0.90 4.81 189.46 Mdsx FOB -0.85 -0.80 -0.85 -0.80 5.64 221.94 -0.90 4.81 189.46 FOB SW Que -0.81 5.68 223.51 -0.57 5.14 202.45 Track -0.40 6.09 239.65N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A 4.77 187.79 Jhnstwn-Eth N/A N/A N/A N/A N/A 4.82 189.76 Aylmer-Eth -0.60 -0.60 -0.65 -0.60 5.89 231.78N/A Sarn-Eth N/A -0.60 -0.70 -0.55 N/A Cllngwd-Eth -0.70N/A N/A N/A 5.79 227.84-0.80* 4.91 193.40 London-Cas N/A N/A N/A -0.70 5.30 208.65 -0.50 5.21 205.21 Pt.Colb-Cas N/A N/A N/A N/A -0.45 5.26 207.18 Cardnl-Cas N/A N/A N/A -0.40 -0.45 5.26 207.18 W O Feed -0.42 -0.41 6.07 238.87 US Rep 0.10 0.11 6.59 259.34 Toledo El. -0.16 6.33 249.18 -0.47 5.25 206.58 TRANSFER Sarnia -0.90 5.59 219.97 -0.90 4.81 189.46 Pt. Stanley -0.89 5.60 220.36 -0.83 4.88 192.22 Hamilton -0.72 5.77 227.06 -0.67 5.04198 1/2 MID SD CRN -0.87 1/2 5.61 1/4 HI SD CRN -0.85 5.63 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9862 down 0.0042 Chicago soybeans closed steady. MAR11 HI 14.24 NOV11 HI 13.24 3/4 LOW 14.05 LOW 13.06 1/4 CLOSE14.22 1/2 Unchanged CLOSE 13.23 1/4 Unchanged OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY11 CK Low -1.25 12.98 476.75-1.27 11.96 439.55 CK High -1.18 13.05 479.32-1.11 12.12 445.43 CK Average -1.21 -1.0413.02 478.37-1.22-1.0812.02 441.53 Essex Cty -1.08 13.15 483.00-1.14 12.09 444.32 Mdsx Low -1.29 12.94 475.28-1.25 11.98 440.28 Mdsx High -1.20 13.03 478.59-1.16 12.07 443.59 Mdsx Average -1.23 -1.0612.99 477.36-1.22-1.0912.01 441.38 Hensall -1.23 13.00 477.67-1.28 11.96 439.36 Bruce -1.20 13.03 478.59-1.25 11.98 440.28 Putnam -1.20 13.03 478.59-1.25 11.98 440.28 Princeton -1.14 13.09 480.79-1.18 12.05 442.85 Durham -1.31 12.92 474.55-1.27 11.96 439.55 Norfolk -1.13 13.10 481.16-1.12 12.11 445.06 Trenton -1.30 12.93 474.91-1.10 12.13 445.79 Winchester -1.00 13.23 485.94-1.00 12.23 449.47 North Gower -1.00 13.23 485.94-1.00 12.23 449.47 Huron FOB -1.05 13.18 484.10-1.25 11.98 440.28 Kent FOB -1.18 13.05 479.32-1.18 12.05 442.85 Lambton FOB -1.18 13.05 479.32-1.18 12.05 442.85 Middlesex FOB-1.22-1.17-1.17 N/A 13.01 477.85-1.18 12.05 442.85 PROCESSORS Hamilton -0.80-0.80-0.75 N/A 13.43 493.28-0.75 12.48 458.65 Windsor -0.75-0.75-0.73 N/A 13.48 495.12-0.87 12.36 454.24 Winchester -0.95 13.28 487.77-0.90 12.33 453.14 TRANSFER Hamilton -0.90 N/A N/A N/A 13.33 489.61-0.85 12.38 454.98 Pt. Stanley -1.35 12.88 473.08-1.30 11.93 438.44 Sarnia -0.92 13.31 488.88-0.84 12.39 455.35 Owen Sound N/A N/A Sorel QC -0.36 13.87 509.45-0.26 12.97 476.66 Toledo El. -0.28 13.95 512.51-0.52 12.71 466.94 Bank of Canada Noon exchange rate was 0.9862 down 0.0042 Chicago wheat closed steady. MAR11 HI 7.84 3/4 JUL11 HI 8.37 1/2 LOW 7.63 LOW 8.19 CLOSE 7.73 1/4 Unchanged CLOSE 8.27 3/4 Unchanged Minni wheat closed steady. MAR11 HI 8.94 1/4 SEP11 HI 9.07 LOW 8.78 3/4 LOW 8.93 3/4 CLOSE 8.90 1/4 Unchanged CLOSE 9.01 Unchanged GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.83 -0.29 -0.68 -0.60 CAD $/bu 6.90 7.44 7.05 8.30 CAD $/tonne 253.52 273.49 258.97 305.08 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 -0.78 -0.78 -1.13 N/A -1.09 -1.09 -2.03 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 -2.05 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.30 Essex N/A N/A -1.00 N/A N/A N/A -2.07 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 -1.09 N/A N/A -1.20 -2.05 N/A Brigden N/A -0.80 -1.09 N/A N/A -1.20 -2.05 N/A Palmerston N/A -0.58 -1.19 -0.26 N/A -1.08 -2.07 -0.90 Mitchell -0.70 -0.60 -1.05 N/A -1.20 -1.15 -2.10 N/A Thornton N/A N/A N/A -1.25 N/A N/A N/A -0.72 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 0.50 -0.39 N/A 0.16 -0.08 -0.78 N/A Toledo El. 7.35US 7.27CA 7.55US 7.47CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.17 -0.83 -1.62 -1.08 CAD $/bu 7.10 7.45 6.66 7.93 CAD $/tonne 261.04 273.77 244.67 291.32 (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 427.81 - 433.33 DDG's FOB Srn, Wndr, Aylm 180.00 - 215.00