FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9883 down 0.0039 Chicago corn closed slightly higher. MAR11 HI 6.74 1/2 DEC11 HI 6.03 LOW 6.63 1/4 LOW 5.92 3/4 CLOSE6.69 1/4 Up 3 1/4 CLOSE 5.97 3/4 Up 1 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 5.79 228.04 -0.90 5.08 199.89 CK High -0.85 5.84 230.01 -0.90 5.08 199.89 CK Avg -0.87 -0.80 5.82 229.16 -0.90 -0.85 5.08 199.89 Essex Cty -0.90 5.79 228.04 -0.90 5.08 199.89 Mdsx Low -0.90 5.79 228.04 -0.90 5.08 199.89 Mdsx High -0.85 5.84 230.01 -0.90 5.08 199.89 Mdsx Avg -0.88 -0.82 5.81 228.70 -0.90 -0.85 5.08 199.89 Hensall -0.88 5.82 229.02 -0.90 5.08 199.89 Bruce -0.85 5.84 230.01 -0.90 5.08 199.89 Putnam -0.85 5.84 230.01 -0.90 5.08 199.89 Princeton -0.90 5.79 228.04 -0.90 5.08 199.89 Durham -0.95 5.74 226.07 -0.95 5.03 197.92 Norfolk -0.88 5.81 228.83 -0.90 5.08 199.89 Trenton -0.90 5.79 228.04 -0.95 5.03 197.92 Winchester -0.80 5.89 231.98 -0.75 5.23 205.80 North Gower -0.90 5.79 228.04 -0.90 5.08 199.89 Huron FOB -0.90 5.79 228.04 -0.88 5.10 200.68 Kent FOB -0.88 5.81 228.83 -0.90 5.08 199.89 Lamb FOB -0.88 5.81 228.83 -0.90 5.08 199.89 Mdsx FOB -0.90 -0.90 -0.85N/A 5.79 228.04 -0.90 5.08 199.89 FOB SW Que -0.75 5.94 233.95 -0.70 5.28 207.77 Track -0.50 6.19 243.79N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.70 5.28 207.77 Jhnstwn-Eth N/A N/A N/A N/A -0.55 5.43 213.67 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 5.99 235.91-0.80* 5.18 203.83 Kwrth-Eth -0.75N/A N/A N/A 5.94 233.95N/A London-Cas N/A N/A -0.65 -0.65 -0.50 5.48 215.64 Pt.Colb-Cas N/A N/A N/A N/A -0.45 5.53 217.61 Cardnl-Cas N/A N/A N/A N/A -0.45 5.53 217.61 W O Feed -0.54 -0.53 6.15 242.21 US Rep 0.15 0.16 6.84 269.38 Toledo El. -0.12 6.57 258.80 -0.47 5.51 216.96 TRANSFER Sarnia -0.90 5.79 228.04 -0.90 5.08 199.89 Pt. Stanley -1.00 5.69 224.10 -1.00 4.98196 Hamilton N/A -0.74 5.24206 1/5 MID SD CRN -0.87 1/2 5.81 3/4 HI SD CRN -0.85 5.84 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9883 down 0.0039 Chicago soybeans closed slightly higher. MAR11 HI 14.52 NOV11 HI 13.79 LOW 14.33 1/2 LOW 13.62 CLOSE14.44 Up 6 CLOSE 13.75 Up 7 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.25 13.19 484.65-1.35 12.40 455.62 CK High -1.14 13.30 488.69-1.20 12.55 461.13 CK Average -1.18 -1.0313.26 487.30-1.29-1.1812.46 457.97 Essex Cty -1.06 13.38 491.63-1.19 12.56 461.50 Mdsx Low -1.20 13.24 486.49-1.35 12.40 455.62 Mdsx High -1.06 13.38 491.63-1.23 12.52 460.03 Mdsx Average -1.14 -0.9913.30 488.81-1.27-1.1712.48 458.44 Hensall -1.15 13.29 488.32-1.35 12.40 455.62 Bruce -1.15 13.29 488.32-1.35 12.40 455.62 Putnam -1.15 13.29 488.32-1.35 12.40 455.62 Princeton -1.12 13.32 489.43-1.12 12.63 464.07 Durham -1.29 13.15 483.18-1.25 12.50 459.30 Norfolk -1.17 13.27 487.59-1.34 12.41 455.99 Trenton -1.30 13.14 482.81-1.15 12.60 462.97 Winchester -1.05 13.39 492.00-1.25 12.50 459.30 North Gower -0.95 13.49 495.67-0.95 12.80 470.32 Huron FOB -1.00 13.44 493.84-1.25 12.50 459.30 Kent FOB -1.22 13.22 485.75-1.40 12.35 453.78 Lambton FOB -1.22 13.22 485.75-1.40 12.35 453.78 Middlesex FOB-1.11-1.06-0.93 N/A 13.33 489.79-1.06 12.69 466.28 PROCESSORS Hamilton -0.80-0.75-0.65-0.60 13.64 501.18-0.70 13.05 479.51 Windsor -0.69-0.69-0.78 N/A 13.75 505.23-0.75 13.00 477.67 Winchester -0.87 13.57 498.61-0.82 12.93 475.10 TRANSFER Hamilton -0.85 N/A N/A N/A 13.59 499.35-0.65 13.10 481.34 Pt. Stanley -1.30 13.14 482.81-1.10 12.65 464.81 Sarnia -0.90 13.54 497.51-0.70 13.05 479.51 Owen Sound N/A N/A Sorel QC -0.35 14.09 517.72-0.25 13.50 496.04 Toledo El. -0.23 14.21 522.21-0.53 13.22 485.90 Bank of Canada Noon exchange rate was 0.9883 down 0.0039 Chicago wheat closed higher. MAR11 HI 8.64 1/2 JUL11 HI 9.15 3/4 LOW 8.35 1/2 LOW 8.85 1/2 CLOSE 8.63 Up 27 1/4 CLOSE 9.14 3/4 Up 28 3/4 Minni wheat closed higher. MAR11 HI 10.14 1/2 SEP11 HI 10.15 1/2 LOW 9.80 1/4 LOW 9.81 3/4 CLOSE 10.10 1/4 Up 29 1/4 CLOSE 10.13 1/4 Up 31 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.68 -0.29 -0.68 -0.60 CAD $/bu 7.95 8.34 7.95 9.51 CAD $/tonne 292.07 306.62 292.07 349.27 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 -0.84 -0.84 -1.18 N/A -1.29 -1.29 -2.18 N/A Hensall -0.70 N/A -1.10 N/A -1.20 N/A -2.15 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 -1.08 N/A N/A N/A -2.09 N/A Norwich -0.70 N/A -1.10 N/A -1.10 N/A -2.15 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 -2.15 N/A Chatham N/A -0.85 -1.10 N/A N/A -1.21 -2.10 N/A Brigden N/A -0.85 -1.10 N/A N/A -1.21 -2.10 N/A Palmerston N/A -0.73 -1.34 -0.72 N/A -1.23 -2.17 -0.90 Mitchell -0.70 -0.60 -1.10 N/A -1.20 -1.15 -2.15 N/A Thornton N/A N/A N/A -1.37 N/A N/A N/A -1.83 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 0.70 -0.29 N/A 0.18 0.13 -0.66 N/A Toledo El. 8.35US 8.27CA 8.42US 8.35CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.16 -0.81 -1.71 -1.07 CAD $/bu 7.99 8.33 7.44 9.06 CAD $/tonne 293.46 306.23 273.41 333.03 (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 418.78 - 424.29 DDG's FOB Srn, Wndr, Aylm 200.00 - 220.00