FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9922 down 0.0100 Chicago corn closed slightly to moderately higher. MAR11 HI 6.66 3/4 DEC11 HI 5.97 1/2 LOW 6.55 3/4 LOW 5.86 1/4 CLOSE6.66 Up 6 1/2 CLOSE 5.96 Up 4 3/4 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 5.76 226.76 -0.90 5.06 199.20 CK High -0.85 5.81 228.73 -0.90 5.06 199.20 CK Avg -0.87 -0.82 5.79 228.07 -0.90 -0.87 5.06 199.20 Essex Cty -0.90 5.76 226.76 -0.90 5.06 199.20 Mdsx Low -0.90 5.76 226.76 -0.90 5.06 199.20 Mdsx High -0.85 5.81 228.73 -0.90 5.06 199.20 Mdsx Avg -0.88 -0.84 5.78 227.42 -0.90 -0.87 5.06 199.20 Hensall -0.88 5.79 227.75 -0.90 5.06 199.20 Bruce -0.85 5.81 228.73 -0.90 5.06 199.20 Putnam -0.85 5.81 228.73 -0.90 5.06 199.20 Princeton -0.90 5.76 226.76 -0.90 5.06 199.20 Durham -0.95 5.71 224.79 -0.95 5.01 197.23 Norfolk -0.85 5.81 228.73 -0.90 5.06 199.20 Trenton -0.90 5.76 226.76 -0.95 5.01 197.23 Winchester -0.80 5.86 230.70 -0.75 5.21 205.11 North Gower -0.90 5.76 226.76 -0.90 5.06 199.20 Huron FOB -0.90 5.76 226.76 -0.88 5.08 199.99 Kent FOB -0.85 5.81 228.73 -0.90 5.06 199.20 Lamb FOB -0.85 5.81 228.73 -0.90 5.06 199.20 Mdsx FOB -0.90 -0.90 -0.85N/A 5.76 226.76 -0.90 5.06 199.20 FOB SW Que -0.75 5.91 232.67 -0.70 5.26 207.08 Track -0.50 6.16 242.51N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.70 5.26 207.08 Jhnstwn-Eth N/A N/A N/A N/A -0.55 5.41 212.98 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 5.96 234.63-0.80* 5.16 203.14 Kwrth-Eth -0.75N/A N/A N/A 5.91 232.67N/A London-Cas N/A N/A -0.65 -0.65 -0.50 5.46 214.95 Pt.Colb-Cas N/A N/A N/A N/A -0.45 5.51 216.92 Cardnl-Cas N/A N/A N/A N/A -0.45 5.51 216.92 W O Feed -0.54 -0.53 6.12 240.93 US Rep 0.15 0.16 6.81 268.10 Toledo El. -0.12 6.54 257.50 -0.47 5.49 216.22 TRANSFER Sarnia -0.90 5.76 226.76 -0.90 5.06 199.20 Pt. Stanley -1.00 5.66 222.82 -1.00 4.96195 1/4 Hamilton N/A -0.74 5.22205 1/2 MID SD CRN -0.87 1/2 5.78 1/2 HI SD CRN -0.85 5.81 *Wet Bid Bank of Canada Noon exchange rate was 0.9922 down 0.0100 Chicago soybeans closed higher. MAR11 HI 14.40 1/2 NOV11 HI 13.70 LOW 14.08 1/4 LOW 13.36 CLOSE14.38 Up 25 CLOSE 13.68 Up 27 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.20 13.18 484.28-1.29 12.39 455.25 CK High -1.05 13.33 489.79-1.20 12.48 458.56 CK Average -1.11 -1.0113.27 487.44-1.25-1.1812.43 456.87 Essex Cty -1.06 13.32 489.43-1.19 12.49 458.93 Mdsx Low -1.15 13.23 486.12-1.25 12.43 456.72 Mdsx High -1.05 13.33 489.79-1.18 12.50 459.30 Mdsx Average -1.09 -0.9813.29 488.45-1.22-1.1612.46 457.70 Hensall -1.05 13.33 489.79-1.25 12.43 456.72 Bruce -1.05 13.33 489.79-1.25 12.43 456.72 Putnam -1.05 13.33 489.79-1.25 12.43 456.72 Princeton -1.12 13.26 487.22-1.12 12.56 461.50 Durham -1.23 13.15 483.18-1.20 12.48 458.56 Norfolk -1.05 13.33 489.79-1.19 12.49 458.93 Trenton -1.30 13.08 480.61-1.15 12.53 460.40 Winchester -1.05 13.33 489.79-1.25 12.43 456.72 North Gower -0.95 13.43 493.47-0.95 12.73 467.75 Huron FOB -0.90 13.48 495.31-1.15 12.53 460.40 Kent FOB -1.10 13.28 487.96-1.25 12.43 456.72 Lambton FOB -1.10 13.28 487.96-1.25 12.43 456.72 Middlesex FOB-1.06-1.01-0.97 N/A 13.32 489.43-1.01 12.67 465.54 PROCESSORS Hamilton -0.75-0.70-0.65-0.60 13.63 500.82-0.65 13.03 478.77 Windsor -0.63-0.63-0.72 N/A 13.75 505.23-0.72 12.96 476.20 Winchester -0.87 13.51 496.41-0.82 12.86 472.52 TRANSFER Hamilton -0.85 N/A N/A N/A 13.53 497.14-0.65 13.03 478.77 Pt. Stanley -1.30 13.08 480.61-1.10 12.58 462.24 Sarnia -0.90 13.48 495.31-0.70 12.98 476.93 Owen Sound N/A N/A Sorel QC -0.35 14.03 515.51-0.25 13.43 493.47 Toledo El. -0.23 14.15 519.98-0.53 13.15 483.28 Bank of Canada Noon exchange rate was 0.9922 down 0.0100 Chicago wheat closed slightly lower. MAR11 HI 8.45 JUL11 HI 8.93 LOW 8.31 1/2 LOW 8.81 1/4 CLOSE 8.35 3/4 Down 5 CLOSE 8.86 Down 3 1/2 Minni wheat closed slightly higher. MAR11 HI 9.83 1/2 SEP11 HI 9.86 LOW 9.72 3/4 LOW 9.76 3/4 CLOSE 9.81 Up 1 1/4 CLOSE 9.81 3/4 Up 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.66 -0.26 -0.66 -0.57 CAD $/bu 7.70 8.10 7.70 9.24 CAD $/tonne 282.97 297.56 282.97 339.60 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 -1.07 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 -1.95 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.30 Essex N/A N/A -1.06 N/A N/A N/A -2.08 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 N/A -1.03 N/A N/A -1.13 -2.03 N/A Brigden N/A N/A -1.03 N/A N/A -1.13 -2.03 N/A Palmerston N/A -0.70 -1.31 -0.42 N/A -1.20 -2.14 -0.85 Mitchell -0.70 -0.60 -1.10 N/A -1.20 -1.15 -2.05 N/A Thornton N/A N/A N/A -1.28 N/A N/A N/A -1.74 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 -1.30 N/A Pt. Stanley N/A N/A -1.00 N/A N/A N/A -1.75 N/A PROCESSORS Toledo FM N/A 0.73 -0.26 N/A 0.20 0.15 -0.64 N/A Toledo El. 8.08US 8.02CA 8.13US 8.09CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.14 -0.79 -1.69 -1.04 CAD $/bu 7.72 8.07 7.17 8.77 CAD $/tonne 283.71 296.51 263.60 322.38 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 288.00 - 290.00 Bayport Oats 320.00 Bayport Barley 260.00 FOB Hm Soymeal 421.09 - 426.60 DDG's FOB Srn, Wndr, Aylm 195.00 - 220.00