FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9901 up 0.0018 Chicago corn closed moderately lower. MAR11 HI 6.73 3/4 DEC11 HI 6.00 1/2 LOW 6.58 1/2 LOW 5.86 CLOSE6.62 1/2 Down 6 3/4 CLOSE 5.88 1/2 Down 9 1/4 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 5.73 225.38 -0.90 4.99 196.25 CK High -0.85 5.78 227.35 -0.90 4.99 196.25 CK Avg -0.87 -0.81 5.75 226.50 -0.90 -0.86 4.99 196.25 Essex Cty -0.90 5.73 225.38 -0.90 4.99 196.25 Mdsx Low -0.90 5.73 225.38 -0.90 4.99 196.25 Mdsx High -0.85 5.78 227.35 -0.90 4.99 196.25 Mdsx Avg -0.88 -0.82 5.74 226.04 -0.90 -0.86 4.99 196.25 Hensall -0.88 5.75 226.37 -0.90 4.99 196.25 Bruce -0.85 5.78 227.35 -0.90 4.99 196.25 Putnam -0.85 5.78 227.35 -0.90 4.99 196.25 Princeton -0.90 5.73 225.38 -0.90 4.99 196.25 Durham -0.95 5.68 223.41 -0.95 4.94 194.28 Norfolk -0.88 5.75 226.17 -0.90 4.99 196.25 Trenton -0.90 5.73 225.38 -0.95 4.94 194.28 Winchester -0.80 5.83 229.32 -0.75 5.14 202.16 North Gower -0.90 5.73 225.38 -0.90 4.99 196.25 Huron FOB -0.90 5.73 225.38 -0.87 5.02 197.43 Kent FOB -0.88 5.75 226.17 -0.90 4.99 196.25 Lamb FOB -0.88 5.75 226.17 -0.90 4.99 196.25 Mdsx FOB -0.90 -0.90 -0.85N/A 5.73 225.38 -0.90 4.99 196.25 FOB SW Que -0.45 6.18 243.10 -0.50 5.39 212.00 Track -0.50 6.13 241.13N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.70 5.19 204.12 Jhnstwn-Eth N/A N/A N/A N/A -0.55 5.34 210.03 Aylmer-Eth N/A -0.85 -0.75N/A N/A Sarn-Eth -0.60 -0.60 -0.60 -0.45 6.03 237.19N/A Cllngwd-Eth -0.70N/A N/A N/A 5.93 233.26-0.80* 5.09 200.19 Kwrth-Eth -0.80N/A N/A N/A 5.83 229.32N/A London-Cas N/A N/A -0.55 -0.55 -0.40 5.49 215.93 Pt.Colb-Cas N/A N/A N/A N/A -0.35 5.54 217.90 Cardnl-Cas N/A N/A N/A N/A -0.40 5.49 215.93 W O Feed -0.54 -0.53 6.09 239.56 US Rep 0.15 0.16 6.78 266.72 Toledo El. -0.12 6.51 256.13 -0.47 5.42 213.29 TRANSFER Sarnia -0.90 5.73 225.38 -0.90 4.99 196.25 Pt. Stanley -0.90 5.73 225.38 -0.92 4.97195 1/2 Hamilton N/A -0.82 5.07199 2/5 MID SD CRN -0.87 1/2 5.75 HI SD CRN -0.85 5.77 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9901 up 0.0018 Chicago soybeans closed slightly lower. MAR11 HI 14.52 1/2 NOV11 HI 13.79 LOW 14.34 LOW 13.62 1/2 CLOSE14.35 1/2 Down 8 1/2 CLOSE 13.65 1/2 Down 9 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.20 13.16 483.36-1.35 12.31 452.13 CK High -1.15 13.21 485.20-1.20 12.46 457.64 CK Average -1.17 -1.0313.19 484.47-1.30-1.2212.35 453.82 Essex Cty -1.06 13.30 488.51-1.27 12.39 455.07 Mdsx Low -1.20 13.16 483.36-1.35 12.31 452.13 Mdsx High -1.11 13.25 486.67-1.26 12.40 455.44 Mdsx Average -1.15 -1.0213.20 485.08-1.30-1.2212.35 453.85 Hensall -1.15 13.21 485.20-1.35 12.31 452.13 Bruce -1.15 13.21 485.20-1.35 12.31 452.13 Putnam -1.15 13.21 485.20-1.35 12.31 452.13 Princeton -1.17 13.19 484.47-1.20 12.46 457.64 Durham -1.29 13.07 480.06-1.28 12.38 454.70 Norfolk -1.08 13.28 487.77-1.31 12.35 453.60 Trenton -1.35 13.01 477.85-1.20 12.46 457.64 Winchester -1.10 13.26 487.04-1.03 12.63 463.89 North Gower -0.95 13.41 492.55-0.95 12.71 466.83 Huron FOB -1.00 13.36 490.71-1.25 12.41 455.81 Kent FOB -1.13 13.23 485.94-1.37 12.29 451.40 Lambton FOB -1.13 13.23 485.94-1.37 12.29 451.40 Middlesex FOB-1.12-1.07 N/A N/A 13.24 486.30-1.06 12.60 462.79 PROCESSORS Hamilton -0.80-0.75-0.65-0.60 13.56 498.06-0.70 12.96 476.01 Windsor -0.62-0.62-0.71 N/A 13.74 504.67-0.73 12.93 474.91 Winchester -0.95 13.41 492.55-1.15 12.51 459.48 TRANSFER Hamilton -0.90 N/A N/A N/A 13.46 494.39-0.65 13.01 477.85 Pt. Stanley -1.35 13.01 477.85-1.10 12.56 461.32 Sarnia -0.92 13.44 493.65-0.73 12.93 474.91 Owen Sound N/A N/A Sorel QC -0.35 14.01 514.60-0.25 13.41 492.55 Toledo El. -0.23 14.13 519.08-0.53 13.13 482.38 Bank of Canada Noon exchange rate was 0.9901 up 0.0018 Chicago wheat closed slightly lower. MAR11 HI 8.72 3/4 JUL11 HI 9.23 1/2 LOW 8.46 LOW 8.97 CLOSE 8.59 Down 4 CLOSE 9.12 Down 2 3/4 Minni wheat closed slightly to moderately lower. MAR11 HI 10.16 1/4 SEP11 HI 10.17 1/4 LOW 9.90 1/2 LOW 9.97 CLOSE 9.98 1/2 Down 11 3/4 CLOSE 10.06 3/4 Down 6 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 -0.28 -0.68 -0.59 CAD $/bu 7.91 8.31 7.91 9.40 CAD $/tonne 290.82 305.38 290.82 345.23 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 -0.85 -1.15 N/A N/A -1.30 -2.15 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 N/A Essex N/A N/A -1.07 N/A N/A N/A -2.08 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 -1.07 N/A N/A -1.25 -2.12 N/A Brigden N/A -0.85 -1.07 N/A N/A -1.25 -2.12 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 -1.30 N/A N/A N/A -1.79 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 -1.35 N/A Pt. Stanley N/A N/A -1.00 N/A N/A N/A -1.80 N/A PROCESSORS Toledo FM N/A 0.71 -0.28 N/A 0.19 0.14 -0.65 N/A Toledo El. 8.31US 8.23CA 8.39US 8.34CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.15 -0.80 -1.70 -1.06 CAD $/bu 7.97 8.32 7.42 9.01 CAD $/tonne 292.87 305.65 272.78 331.12 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 285.00 - 288.00 Bayport Oats 320.00 Bayport Barley 250.00 FOB Hm Soymeal 417.12 - 422.63 DDG's FOB Srn, Wndr, Aylm 200.00 - 220.00