FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 25 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9986 up 0.0052 Chicago corn closed moderately lower to lower. MAR11 HI 6.55 DEC11 HI 5.88 LOW 6.39 1/4 LOW 5.75 1/4 CLOSE6.44 Down 11 1/4 CLOSE 5.79 Down 8 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR11+MAY11+MAY11 CK Low -0.90 5.54 218.10 -0.90 4.89 192.51 CK High -0.86 5.58 219.67 -0.90 4.89 192.51 CK Avg -0.89 -0.89 5.55 218.36 -0.90 -0.92 4.89 192.51 Essex Cty -0.90 5.54 218.10 -0.90 4.89 192.51 Mdsx Low -0.90 5.54 218.10 -0.90 4.89 192.51 Mdsx High -0.90 5.54 218.10 -0.90 4.89 192.51 Mdsx Avg -0.90 -0.90 5.54 218.10 -0.90 -0.92 4.89 192.51 Hensall -0.89 5.55 218.49 -0.89 4.90 192.90 Bruce -0.90 5.54 218.10 -0.90 4.89 192.51 Putnam -0.90 5.54 218.10 -0.90 4.89 192.51 Princeton -0.90 5.54 218.10 -0.90 4.89 192.51 Durham -0.95 5.49 216.13 -0.95 4.84 190.54 Norfolk -0.86 5.58 219.67 -0.90 4.89 192.51 Trenton -0.90 5.54 218.10 -0.95 4.84 190.54 Winchester -0.80 5.64 222.04 -0.75 5.04 198.42 North Gower -0.90 5.54 218.10 -0.90 4.89 192.51 Huron FOB -0.90 5.54 218.10 -0.88 4.91 193.30 Kent FOB -0.86 5.58 219.67 -0.90 4.89 192.51 Lamb FOB -0.86 5.58 219.67 -0.90 4.89 192.51 Mdsx FOB -0.90 -0.85 -0.85 -0.80 5.54 218.10 -0.90 4.89 192.51 FOB SW Que -1.00 5.44 214.16 -0.65 5.14 202.35 Track -0.53 5.92 232.86N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.04 198.42 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.04 198.42 Aylmer-Eth N/A N/A -0.85 -0.75 5.35 210.62N/A Sarn-Eth N/A -0.60 -0.70 -0.55 N/A Cllngwd-Eth -0.70N/A N/A N/A 5.74 225.97-0.80* 4.99 196.45 London-Cas N/A N/A N/A -0.65 5.30 208.65 -0.50 5.29 208.26 Pt.Colb-Cas N/A N/A N/A N/A -0.45 5.34 210.23 Cardnl-Cas N/A N/A N/A N/A -0.45 5.34 210.23 W O Feed -0.48 -0.48 5.96 234.63 US Rep 0.05 0.05 6.49 255.50 Toledo El. -0.16 6.28 247.24 -0.47 5.32 209.39 TRANSFER Sarnia -0.90 5.54 218.10 -0.90 4.89 192.51 Pt. Stanley -1.00 5.44 214.16 -1.00 4.79 188.57 Hamilton -0.80 5.64 222.04 -0.77 5.02197 5/8 MID SD CRN -0.88 5.56 HI SD CRN -0.86 5.58 *Wet Bid Bank of Canada Noon exchange rate was 0.9986 up 0.0052 Chicago soybeans closed lower. MAR11 HI 14.08 NOV11 HI 13.41 3/4 LOW 13.70 1/4 LOW 13.08 1/4 CLOSE13.74 1/2 Down 30 CLOSE 13.12 3/4 Down 24 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY11 CK Low -1.21 12.54 460.58-1.30 11.83 434.59 CK High -1.10 12.65 464.62-1.20 11.93 438.26 CK Average -1.17 -1.1712.57 461.98-1.26-1.2911.87 436.06 Essex Cty -1.14 12.61 463.15-1.20 11.93 438.26 Mdsx Low -1.25 12.50 459.11-1.30 11.83 434.59 Mdsx High -1.10 12.65 464.62-1.24 11.89 436.79 Mdsx Average -1.18 -1.1812.56 461.56-1.27-1.3011.86 435.69 Hensall -1.20 12.55 460.95-1.30 11.83 434.59 Bruce -1.20 12.55 460.95-1.30 11.83 434.59 Putnam -1.20 12.55 460.95-1.30 11.83 434.59 Princeton -1.16 12.59 462.42-1.23 11.90 437.16 Durham -1.21 12.54 460.58-1.26 11.87 436.06 Norfolk -1.05 12.70 466.46-1.19 11.94 438.63 Trenton -1.25 12.50 459.11-1.05 12.08 443.77 Winchester -0.90 12.85 471.97-0.90 12.23 449.28 North Gower -0.95 12.80 470.14-0.95 12.18 447.45 Huron FOB -1.05 12.70 466.46-1.20 11.93 438.26 Kent FOB -1.10 12.65 464.62-1.25 11.88 436.42 Lambton FOB -1.10 12.65 464.62-1.25 11.88 436.42 Middlesex FOB-1.15-1.12-1.07 N/A 12.60 462.79-1.07 12.06 443.04 PROCESSORS Hamilton -0.80-0.80-0.75-0.70 12.95 475.65-0.70 12.43 456.63 Windsor -0.58-0.58-0.58-0.78 13.17 483.73-0.77 12.36 454.06 Winchester -0.83 12.92 474.55-0.82 12.31 452.22 TRANSFER Hamilton -0.80 N/A N/A N/A 12.95 475.65-0.60 12.53 460.31 Pt. Stanley -1.25 12.50 459.11-1.10 12.03 441.93 Sarnia -0.98 12.77 469.03-0.85 12.28 451.12 Owen Sound N/A N/A Sorel QC -0.30 13.45 494.02-0.25 12.88 473.17 Toledo El. -0.28 13.47 494.76-0.53 12.60 462.83 Bank of Canada Noon exchange rate was 0.9986 up 0.0052 Chicago wheat closed slightly higher. MAR11 HI 8.39 JUL11 HI 8.83 1/4 LOW 8.20 3/4 LOW 8.66 1/4 CLOSE 8.38 1/4 Up 3 CLOSE 8.82 1/2 Up 3 3/4 Minni wheat closed slightly higher. MAR11 HI 9.57 1/4 SEP11 HI 9.60 1/2 LOW 9.37 LOW 9.37 1/4 CLOSE 9.56 Up 5 3/4 CLOSE 9.59 3/4 Up 9 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.75 -0.20 -0.60 -0.50 CAD $/bu 7.63 8.18 7.78 9.06 CAD $/tonne 280.33 300.54 285.84 332.76 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 -2.10 N/A London -0.70 -0.70 -1.05 N/A -1.15 -1.15 -2.05 N/A Hensall -0.70 N/A -1.05 N/A -1.20 N/A -2.05 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 N/A 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 -2.05 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 -2.05 N/A Chatham N/A -0.70 -1.00 N/A N/A -1.10 -2.00 N/A Brigden N/A -0.70 -1.00 N/A N/A -1.10 -2.00 N/A Palmerston N/A -0.60 -1.22 -0.27 N/A -1.10 -2.10 -0.91 Mitchell -0.70 -0.60 -1.05 N/A -1.20 -1.15 -2.05 N/A Thornton N/A N/A N/A -0.98 N/A N/A N/A -1.53 North Gower N/A N/A N/A N/A N/A N/A N/A -1.20 TERMINAL Sarnia -0.82 -0.32 -0.72 N/A -1.10 -1.10 -1.75 N/A Hamilton N/A N/A -0.50 N/A N/A N/A -1.35 N/A Pt. Stanley N/A N/A -0.95 N/A N/A N/A -1.80 N/A PROCESSORS Toledo FM N/A 0.70 -0.20 N/A 0.27 0.02 -0.68 N/A Toledo El. 8.05US 8.05CA 8.10US 8.12CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.08 -0.73 -1.53 -0.98 CAD $/bu 7.75 8.10 7.29 8.62 CAD $/tonne 284.59 297.48 268.01 316.73 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 280.00 - 290.00 Bayport Oats 320.00 Bayport Barley 260.00 FOB Hm Soymeal 404.11 - 410.73 DDG's FOB Srn, Wndr, Aylm 195.00 - 220.00