FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 27 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9941 down 0.0012 Chicago corn closed moderately lower. MAR11 HI 6.61 3/4 DEC11 HI 5.93 LOW 6.47 1/2 LOW 5.81 CLOSE6.50 3/4 Down 7 CLOSE 5.82 3/4 Down 8 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 5.61 220.76 -0.90 4.93 193.99 CK High -0.85 5.66 222.73 -0.90 4.93 193.99 CK Avg -0.89 -0.85 5.62 221.35 -0.90 -0.88 4.93 193.99 Essex Cty -0.90 5.61 220.76 -0.90 4.93 193.99 Mdsx Low -0.90 5.61 220.76 -0.90 4.93 193.99 Mdsx High -0.90 5.61 220.76 -0.90 4.93 193.99 Mdsx Avg -0.90 -0.87 5.61 220.76 -0.90 -0.88 4.93 193.99 Hensall -0.90 5.61 220.76 -0.90 4.93 193.99 Bruce -0.90 5.61 220.76 -0.90 4.93 193.99 Putnam -0.90 5.61 220.76 -0.90 4.93 193.99 Princeton -0.90 5.61 220.76 -0.90 4.93 193.99 Durham -0.95 5.56 218.79 -0.95 4.88 192.02 Norfolk -0.86 5.65 222.33 -0.90 4.93 193.99 Trenton -0.90 5.61 220.76 -0.95 4.88 192.02 Winchester -0.80 5.71 224.69 -0.75 5.08 199.89 North Gower -0.90 5.61 220.76 -0.90 4.93 193.99 Huron FOB -0.90 5.61 220.76 -0.88 4.95 194.77 Kent FOB -0.86 5.65 222.33 -0.90 4.93 193.99 Lamb FOB -0.86 5.65 222.33 -0.90 4.93 193.99 Mdsx FOB -0.90 -0.85 -0.85 -0.80 5.61 220.76 -0.90 4.93 193.99 FOB SW Que -1.00 5.51 216.82 -0.65 5.18 203.83 Track -0.53 5.98 235.52N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.08 199.89 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.08 199.89 Aylmer-Eth N/A N/A -0.85 -0.75 N/A Sarn-Eth N/A -0.60 -0.70 -0.55 N/A Cllngwd-Eth -0.70N/A N/A N/A 5.81 228.63-0.80* 5.03 197.92 Kwrth-Eth N/A -0.75N/A N/A N/A London-Cas N/A N/A N/A -0.65 -0.50 5.33 209.73 Pt.Colb-Cas N/A N/A N/A N/A -0.45 5.38 211.70 Cardnl-Cas N/A N/A N/A N/A -0.45 5.38 211.70 W O Feed -0.50 -0.49 6.01 236.50 US Rep 0.05 0.06 6.56 258.16 Toledo El. -0.14 6.37 250.71 -0.47 5.36 210.97 TRANSFER Sarnia -0.90 5.61 220.76 -0.90 4.93 193.99 Pt. Stanley -1.00 5.51 216.82 -1.00 4.83190 Hamilton -0.80 5.71 224.69 -0.80 5.03198 MID SD CRN -0.87 1/2 5.63 1/4 HI SD CRN -0.85 5.65 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9941 down 0.0012 Chicago soybeans closed slightly to moderately higher. MAR11 HI 14.00 NOV11 HI 13.31 3/4 LOW 13.78 LOW 13.17 1/2 CLOSE13.99 1/2 Up 14 CLOSE 13.25 1/2 Up 1 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY11 CK Low -1.14 12.86 472.34-1.25 12.01 441.11 CK High -1.10 12.90 473.81-1.10 12.16 446.62 CK Average -1.11 -1.0412.88 473.30-1.21-1.1712.05 442.58 Essex Cty -0.98 13.02 478.22-1.20 12.06 442.95 Mdsx Low -1.14 12.86 472.34-1.25 12.01 441.11 Mdsx High -1.10 12.90 473.81-1.18 12.08 443.68 Mdsx Average -1.12 -1.0512.87 472.95-1.21-1.1712.05 442.58 Hensall -1.15 12.85 471.97-1.28 11.98 440.19 Bruce -1.10 12.90 473.81-1.25 12.01 441.11 Putnam -1.10 12.90 473.81-1.20 12.06 442.95 Princeton -1.08 12.92 474.55-1.20 12.06 442.95 Durham -1.24 12.76 468.67-1.24 12.02 441.48 Norfolk -1.05 12.95 475.65-1.24 12.02 441.48 Trenton -1.30 12.70 466.46-1.10 12.16 446.62 Winchester -0.95 13.05 479.32-0.95 12.31 452.13 North Gower -0.95 13.05 479.32-0.95 12.31 452.13 Huron FOB -1.05 12.95 475.65-1.20 12.06 442.95 Kent FOB -1.10 12.90 473.81-1.30 11.96 439.27 Lambton FOB -1.10 12.90 473.81-1.30 11.96 439.27 Middlesex FOB-1.01-0.99-0.96-0.99 12.99 477.12-0.96 12.30 451.76 PROCESSORS Hamilton -0.70-0.70-0.67-0.60 13.30 488.51-0.63 12.63 463.89 Windsor -0.60-0.60-0.60-0.70 13.40 492.18-0.78 12.48 458.38 Winchester -0.85 13.15 483.00-0.85 12.41 455.81 TRANSFER Hamilton -0.90 N/A N/A N/A 13.10 481.16-0.60 12.66 464.99 Pt. Stanley -1.35 12.65 464.62-1.05 12.21 448.46 Sarnia -0.85 13.15 483.00-0.70 12.56 461.32 Owen Sound N/A N/A Sorel QC -0.30 13.70 503.21-0.25 13.01 477.85 Toledo El. -0.25 13.75 505.09-0.53 12.73 467.63 Bank of Canada Noon exchange rate was 0.9941 down 0.0012 Chicago wheat closed slightly to moderately lower. MAR11 HI 8.63 1/2 JUL11 HI 9.09 LOW 8.45 1/2 LOW 8.93 1/4 CLOSE 8.46 1/4 Down 10 1/4 CLOSE 8.94 1/2 Down 6 3/4 Minni wheat closed slightly lower. MAR11 HI 9.86 SEP11 HI 9.87 1/4 LOW 9.72 LOW 9.74 1/2 CLOSE 9.76 Down 1 CLOSE 9.78 Down 1 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.64 -0.24 -0.64 -0.55 CAD $/bu 7.82 8.22 7.82 9.21 CAD $/tonne 287.37 301.99 287.37 338.45 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 -0.72 -0.72 -1.07 N/A -1.17 -1.17 -2.07 N/A Hensall -0.70 N/A -1.05 N/A -1.20 N/A -2.00 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 -1.05 N/A N/A N/A -2.11 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 -0.73 -1.03 N/A N/A -1.13 -2.03 N/A Brigden N/A -0.73 -1.03 N/A N/A -1.13 -2.03 N/A Palmerston N/A -0.78 -1.48 -0.56 N/A -1.28 -2.28 -1.19 Mitchell -0.70 -0.60 -1.05 N/A -1.20 -1.15 -2.00 N/A Thornton N/A N/A N/A -1.12 N/A N/A N/A -1.62 North Gower N/A N/A N/A N/A N/A N/A N/A -1.20 TERMINAL Sarnia -0.77 -0.27 -0.62 N/A -1.06 -0.80 -1.71 N/A Hamilton N/A N/A -0.55 N/A N/A N/A -1.25 N/A Pt. Stanley N/A N/A -1.00 N/A N/A N/A -1.70 N/A PROCESSORS Toledo FM N/A 0.65 -0.24 N/A 0.22 -0.03 -0.73 N/A Toledo El. 8.13US 8.09CA 8.22US 8.19CA 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 -1.67 -1.03 CAD $/bu 7.82 8.17 7.27 8.75 CAD $/tonne 287.33 300.15 267.19 321.58 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 285.00 - 290.00 Bayport Oats 320.00 Bayport Barley 260.00 FOB Hm Soymeal 406.10 - 416.02 DDG's FOB Srn, Wndr, Aylm 195.00 - 220.00