FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 31 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0022 up 0.0032 Chicago corn closed higher. MAR11 HI 6.59 1/2 DEC11 HI 5.91 LOW 6.42 1/4 LOW 5.73 1/4 CLOSE6.57 1/4 Up 13 1/4 CLOSE 5.89 Up 12 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY11+MAY11+JUL11 CK Low -0.90 5.67 223.32 -0.90 4.99 196.45 CK High -0.85 5.72 225.28 -0.90 4.99 196.45 CK Avg -0.88 -0.90 5.69 223.97 -0.90 -0.93 4.99 196.45 Essex Cty -0.90 5.67 223.32 -0.90 4.99 196.45 Mdsx Low -0.90 5.67 223.32 -0.90 4.99 196.45 Mdsx High -0.90 5.67 223.32 -0.90 4.99 196.45 Mdsx Avg -0.90 -0.92 5.67 223.32 -0.90 -0.93 4.99 196.45 Hensall -0.90 5.67 223.32 -0.90 4.99 196.45 Bruce -0.90 5.67 223.32 -0.90 4.99 196.45 Putnam -0.90 5.67 223.32 -0.90 4.99 196.45 Princeton -0.90 5.67 223.32 -0.90 4.99 196.45 Durham -0.95 5.62 221.35 -0.95 4.94 194.48 Norfolk -0.85 5.72 225.28 -0.90 4.99 196.45 Trenton -0.90 5.67 223.32 -0.95 4.94 194.48 Winchester -0.80 5.77 227.25 -0.75 5.14 202.35 North Gower -0.90 5.67 223.32 -0.90 4.99 196.45 Huron FOB -0.90 5.67 223.32 -0.88 5.01 197.23 Kent FOB -0.85 5.72 225.28 -0.90 4.99 196.45 Lamb FOB -0.85 5.72 225.28 -0.90 4.99 196.45 Mdsx FOB -0.90 -0.85 -0.85 -0.80 5.67 223.32 -0.90 4.99 196.45 FOB SW Que -0.85 5.72 225.28 -0.65 5.24 206.29 Track -0.53 6.05 238.08N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.70 5.19 204.32 Jhnstwn-Eth N/A N/A N/A N/A -0.55 5.34 210.23 Aylmer-Eth N/A -0.85 -0.75N/A N/A Sarn-Eth N/A -0.60 -0.60 -0.45 N/A Cllngwd-Eth -0.70N/A N/A N/A 5.87 231.19-0.80* 5.09 200.38 Kwrth-Eth -0.75N/A N/A N/A 5.82 229.22N/A London-Cas N/A N/A -0.65 -0.65 -0.50 5.39 212.19 Pt.Colb-Cas N/A N/A N/A N/A -0.45 5.44 214.16 Cardnl-Cas N/A N/A N/A N/A -0.45 5.44 214.16 W O Feed -0.50 -0.50 6.07 239.06 US Rep 0.05 0.05 6.62 260.72 Toledo El. -0.14 6.43 253.22 -0.47 5.42 213.29 TRANSFER Sarnia -0.90 5.67 223.32 -0.90 4.99 196.45 Pt. Stanley -0.94 5.63 221.74 -0.96 4.93194 Hamilton N/A -0.69 5.20204 5/7 MID SD CRN -0.87 1/2 5.69 3/4 HI SD CRN -0.85 5.72 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0022 up 0.0032 Chicago soybeans closed moderately higher. MAR11 HI 14.13 1/4 NOV11 HI 13.42 LOW 13.94 1/2 LOW 13.20 CLOSE14.13 Up 15 CLOSE 13.41 Up 18 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.13 13.00 477.67-1.26 12.15 446.44 CK High -1.05 13.08 480.61-1.10 12.31 452.32 CK Average -1.09 -1.1313.04 479.06-1.22-1.2812.19 448.05 Essex Cty -1.01 13.12 482.08-1.23 12.18 447.54 Mdsx Low -1.12 13.01 478.04-1.28 12.13 445.70 Mdsx High -1.05 13.08 480.61-1.20 12.21 448.64 Mdsx Average -1.08 -1.1213.05 479.38-1.24-1.3112.17 447.05 Hensall -1.05 13.08 480.61-1.25 12.16 446.80 Bruce -1.05 13.08 480.61-1.25 12.16 446.80 Putnam -1.05 13.08 480.61-1.25 12.16 446.80 Princeton -1.08 13.05 479.51-1.20 12.21 448.64 Durham -1.17 12.96 476.20-1.22 12.19 447.91 Norfolk -1.05 13.08 480.61-1.19 12.22 449.01 Trenton -1.25 12.88 473.26-1.10 12.31 452.32 Winchester -0.97 13.16 483.55-0.92 12.49 458.93 North Gower -0.95 13.18 484.28-0.95 12.46 457.83 Huron FOB -0.90 13.23 486.12-1.15 12.26 450.48 Kent FOB -1.10 13.03 478.77-1.25 12.16 446.80 Lambton FOB -1.10 13.03 478.77-1.25 12.16 446.80 Middlesex FOB-0.88-0.93-0.90 N/A 13.25 486.85-0.90 12.51 459.66 PROCESSORS Hamilton -0.60-0.55-0.50-0.45 13.53 497.14-0.55 12.86 472.52 Windsor -0.49-0.49-0.58 N/A 13.64 501.18-0.58 12.83 471.42 Winchester -0.85 13.28 487.96-0.85 12.56 461.50 TRANSFER Hamilton -0.80 N/A N/A N/A 13.33 489.79-0.55 12.86 472.52 Pt. Stanley -1.25 12.88 473.26-1.00 12.41 455.99 Sarnia -0.80 13.33 489.79-0.67 12.74 468.11 Owen Sound N/A N/A Sorel QC -0.25 13.88 510.00-0.20 13.21 485.38 Toledo El. -0.25 13.88 509.98-0.53 12.88 473.17 Bank of Canada Noon exchange rate was 1.0022 up 0.0032 Chicago wheat closed moderately higher. MAR11 HI 8.47 3/4 JUL11 HI 8.95 3/4 LOW 8.23 LOW 8.72 1/4 CLOSE 8.40 3/4 Up 15 CLOSE 8.89 1/2 Up 14 3/4 Minni wheat closed moderately higher. MAR11 HI 9.82 1/2 SEP11 HI 9.84 LOW 9.59 1/4 LOW 9.63 CLOSE 9.79 3/4 Up 18 1/4 CLOSE 9.81 1/2 Up 18 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.58 -0.18 -0.58 -0.48 CAD $/bu 7.83 8.23 7.83 9.32 CAD $/tonne 287.62 302.36 287.62 342.52 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 -0.72 -0.72 -1.06 N/A -1.17 -1.17 -2.06 N/A Hensall -0.70 N/A -1.10 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 -0.98 N/A N/A N/A -2.05 N/A Norwich -0.70 N/A -1.10 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 -1.10 N/A -1.10 N/A -2.05 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 -1.10 N/A -1.20 -1.15 -2.05 N/A Thornton N/A N/A N/A -1.21 N/A N/A N/A -1.69 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 -1.25 N/A Pt. Stanley N/A N/A -0.95 N/A N/A N/A -1.70 N/A PROCESSORS Toledo FM N/A 0.82 -0.18 N/A 0.29 0.24 -0.56 N/A Toledo El. 8.13US 8.15CA 8.17US 8.20CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.06 -0.71 -1.62 -0.96 CAD $/bu 7.83 8.18 7.28 8.86 CAD $/tonne 287.77 300.69 267.47 325.43 (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 410.40 - 420.32 DDG's FOB Srn, Wndr, Aylm 195.00 - 215.00