FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 28 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.999 up 0.0049 Chicago corn closed moderately lower. MAR11 HI 6.57 3/4 DEC11 HI 5.90 LOW 6.42 1/2 LOW 5.76 1/4 CLOSE6.44 Down 6 3/4 CLOSE 5.76 1/2 Down 6 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 4.87 191.53 CK High -0.85 5.59 220.07 -0.90 4.87 191.53 CK Avg -0.89 -0.89 5.56 218.69 -0.90 -0.92 4.87 191.53 Essex Cty -0.90 5.54 218.10 -0.90 4.87 191.53 Mdsx Low -0.90 5.54 218.10 -0.90 4.87 191.53 Mdsx High -0.90 5.54 218.10 -0.90 4.87 191.53 Mdsx Avg -0.90 -0.90 5.54 218.10 -0.90 -0.92 4.87 191.53 Hensall -0.90 5.54 218.10 -0.90 4.87 191.53 Bruce -0.90 5.54 218.10 -0.90 4.87 191.53 Putnam -0.90 5.54 218.10 -0.90 4.87 191.53 Princeton -0.90 5.54 218.10 -0.90 4.87 191.53 Durham -0.95 5.49 216.13 -0.95 4.82 189.56 Norfolk -0.86 5.58 219.67 -0.90 4.87 191.53 Trenton -0.90 5.54 218.10 -0.95 4.82 189.56 Winchester -0.80 5.64 222.04 -0.75 5.02 197.43 North Gower -0.90 5.54 218.10 -0.90 4.87 191.53 Huron FOB -0.90 5.54 218.10 -0.88 4.89 192.31 Kent FOB -0.86 5.58 219.67 -0.90 4.87 191.53 Lamb FOB -0.86 5.58 219.67 -0.90 4.87 191.53 Mdsx FOB -0.90 -0.85 -0.85 -0.80 5.54 218.10 -0.90 4.87 191.53 FOB SW Que -0.85 5.59 220.07 -0.65 5.12 201.37 Track -0.53 5.92 232.86N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.02 197.43 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.02 197.43 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 5.74 225.97-0.80* 4.97 195.46 Kwrth-Eth N/A -0.75N/A N/A N/A London-Cas N/A N/A N/A -0.65 -0.50 5.27 207.27 Pt.Colb-Cas N/A N/A N/A N/A -0.45 5.32 209.24 Cardnl-Cas N/A N/A N/A N/A -0.45 5.32 209.24 W O Feed -0.50 -0.50 5.94 233.85 US Rep 0.05 0.05 6.49 255.50 Toledo El. -0.14 6.30 248.02 -0.47 5.29 208.40 TRANSFER Sarnia -0.90 5.54 218.10 -0.90 4.87 191.53 Pt. Stanley -0.95 5.49 216.13 -0.95 4.82189 5/9 Hamilton -0.90 5.54 218.10 -0.80 4.97195 1/2 MID SD CRN -0.87 1/2 5.56 1/2 HI SD CRN -0.85 5.59 *Wet Bid Bank of Canada Noon exchange rate was 0.999 up 0.0049 Chicago soybeans closed slightly lower. MAR11 HI 14.23 1/4 NOV11 HI 13.43 3/4 LOW 13.92 1/2 LOW 13.17 CLOSE13.98 Down 1 1/2 CLOSE 13.23 Down 2 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY11 CK Low -1.15 12.83 471.42-1.30 11.93 438.35 CK High -1.10 12.88 473.26-1.10 12.13 445.70 CK Average -1.12 -1.1312.86 472.67-1.24-1.2811.99 440.48 Essex Cty -1.01 12.97 476.57-1.23 12.00 440.92 Mdsx Low -1.12 12.86 472.52-1.30 11.93 438.35 Mdsx High -1.10 12.88 473.26-1.19 12.04 442.39 Mdsx Average -1.11 -1.1212.87 473.01-1.26-1.3011.97 439.94 Hensall -1.15 12.83 471.42-1.30 11.93 438.35 Bruce -1.10 12.88 473.26-1.30 11.93 438.35 Putnam -1.10 12.88 473.26-1.30 11.93 438.35 Princeton -1.08 12.90 473.99-1.20 12.03 442.03 Durham -1.21 12.77 469.22-1.21 12.02 441.66 Norfolk -1.05 12.93 475.10-1.24 11.99 440.56 Trenton -1.30 12.68 465.91-1.10 12.13 445.70 Winchester -0.95 13.03 478.77-0.95 12.28 451.21 North Gower -0.95 13.03 478.77-0.95 12.28 451.21 Huron FOB -1.05 12.93 475.10-1.20 12.03 442.03 Kent FOB -1.10 12.88 473.26-1.30 11.93 438.35 Lambton FOB -1.10 12.88 473.26-1.30 11.93 438.35 Middlesex FOB-1.02-1.00-0.97-0.97 12.96 476.20-0.97 12.26 450.48 PROCESSORS Hamilton -0.65-0.65-0.60-0.50 13.33 489.79-0.55 12.68 465.91 Windsor -0.52-0.52-0.52-0.62 13.46 494.57-0.71 12.52 460.03 Winchester -0.85 13.13 482.44-0.85 12.38 454.89 TRANSFER Hamilton -0.90 N/A N/A N/A 13.08 480.61-0.52 12.71 467.01 Pt. Stanley -1.24 12.74 468.11-0.97 12.26 450.48 Sarnia -0.80 13.18 484.28-0.67 12.56 461.50 Owen Sound N/A N/A Sorel QC -0.25 13.73 504.49-0.20 13.03 478.77 Toledo El. -0.25 13.73 504.48-0.53 12.70 466.59 Bank of Canada Noon exchange rate was 0.999 up 0.0049 Chicago wheat closed moderately lower to lower. MAR11 HI 8.49 3/4 JUL11 HI 8.97 1/2 LOW 8.24 1/2 LOW 8.73 3/4 CLOSE 8.25 3/4 Down 20 1/2 CLOSE 8.74 3/4 Down 19 3/4 Minni wheat closed moderately lower. MAR11 HI 9.79 SEP11 HI 9.81 LOW 9.59 1/4 LOW 9.62 CLOSE 9.61 1/2 Down 14 1/2 CLOSE 9.63 1/2 Down 14 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.59 -0.19 -0.59 -0.49 CAD $/bu 7.66 8.06 7.66 9.12 CAD $/tonne 281.56 296.27 281.56 335.15 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 -0.73 -0.73 -1.08 N/A -1.18 -1.18 -2.08 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 -1.00 N/A N/A N/A -2.07 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 -1.19 N/A N/A N/A -1.67 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 -0.50 N/A N/A N/A -1.40 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 0.71 -0.19 N/A 0.28 0.03 -0.68 N/A Toledo El. 7.98US 7.98CA 8.02US 8.04CA 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 -1.63 -0.97 CAD $/bu 7.67 8.02 7.12 8.66 CAD $/tonne 281.81 294.71 261.55 318.20 (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 406.76 - 416.68 DDG's FOB Srn, Wndr, Aylm 195.00 - 220.00