FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9901 up 0.0000 Chicago corn closed higher. MAR11 HI 6.79 1/2 DEC11 HI 6.02 3/4 LOW 6.59 1/2 LOW 5.88 CLOSE6.78 1/2 Up 16 CLOSE 6.01 3/4 Up 13 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 5.89 231.68 -0.90 5.12 201.47 CK High -0.85 5.94 233.65 -0.90 5.12 201.47 CK Avg -0.88 -0.80 5.91 232.67 -0.90 -0.85 5.12 201.47 Essex Cty -0.90 5.89 231.68 -0.90 5.12 201.47 Mdsx Low -0.90 5.89 231.68 -0.90 5.12 201.47 Mdsx High -0.85 5.94 233.65 -0.90 5.12 201.47 Mdsx Avg -0.88 -0.81 5.90 232.34 -0.90 -0.85 5.12 201.47 Hensall -0.88 5.91 232.67 -0.90 5.12 201.47 Bruce -0.85 5.94 233.65 -0.90 5.12 201.47 Putnam -0.85 5.94 233.65 -0.90 5.12 201.47 Princeton -0.90 5.89 231.68 -0.90 5.12 201.47 Durham -0.95 5.84 229.71 -0.95 5.07 199.50 Norfolk -0.85 5.94 233.65 -0.90 5.12 201.47 Trenton -0.95 5.84 229.71 -0.95 5.07 199.50 Winchester -0.80 5.99 235.62 -0.75 5.27 207.37 North Gower -0.96 5.83 229.32 -1.01 5.01 197.14 Huron FOB -0.90 5.89 231.68 -0.87 5.15 202.65 Kent FOB -0.85 5.94 233.65 -0.90 5.12 201.47 Lamb FOB -0.85 5.94 233.65 -0.90 5.12 201.47 Mdsx FOB -0.90 -0.90 -0.85N/A 5.89 231.68 -0.90 5.12 201.47 FOB SW Que -0.50 6.29 247.43 -0.50 5.52 217.21 Track -0.50 6.29 247.43N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.70 5.32 209.34 Jhnstwn-Eth N/A N/A N/A N/A -0.55 5.47 215.25 Aylmer-Eth N/A -0.85 -0.75N/A N/A Sarn-Eth -0.60 -0.60 -0.60 -0.45 6.19 243.49N/A Cllngwd-Eth -0.70N/A N/A N/A 6.09 239.56-0.80* 5.22 205.40 Kwrth-Eth -0.80N/A N/A N/A 5.99 235.62N/A London-Cas N/A N/A -0.60 -0.60 -0.40 5.62 221.15 Pt.Colb-Cas N/A N/A N/A N/A -0.35 5.67 223.12 Cardnl-Cas N/A N/A N/A N/A -0.40 5.62 221.15 W O Feed -0.54 -0.53 6.25 245.85 US Rep 0.15 0.16 6.94 273.02 Toledo El. -0.12 6.67 262.44 -0.47 5.55 218.55 TRANSFER Sarnia -0.90 5.89 231.68 -0.90 5.12 201.47 Pt. Stanley -0.90 5.89 231.68 -0.92 5.10200 2/3 Hamilton N/A -0.82 5.20204 5/8 MID SD CRN -0.87 1/2 5.91 HI SD CRN -0.85 5.93 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9901 up 0.0000 Chicago soybeans closed narrowly mixed. MAR11 HI 14.42 3/4 NOV11 HI 13.71 3/4 LOW 14.22 1/4 LOW 13.52 1/4 CLOSE14.33 1/2 Down 2 CLOSE 13.69 Up 3 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.25 13.09 480.79-1.40 12.29 451.58 CK High -1.15 13.19 484.47-1.27 12.42 456.36 CK Average -1.19 -1.0213.15 483.14-1.35-1.2312.34 453.42 Essex Cty -1.11 13.23 485.94-1.33 12.36 454.15 Mdsx Low -1.19 13.15 483.00-1.40 12.29 451.58 Mdsx High -1.15 13.19 484.47-1.26 12.43 456.72 Mdsx Average -1.18 -1.0113.16 483.49-1.34-1.2212.35 453.91 Hensall -1.18 13.16 483.55-1.40 12.29 451.58 Bruce -1.15 13.19 484.47-1.40 12.29 451.58 Putnam -1.15 13.19 484.47-1.40 12.29 451.58 Princeton -1.19 13.15 483.00-1.32 12.37 454.52 Durham -1.28 13.06 479.69-1.28 12.41 455.99 Norfolk -1.13 13.21 485.20-1.36 12.33 453.05 Trenton -1.40 12.94 475.28-1.25 12.44 457.09 Winchester -1.13 13.21 485.20-1.06 12.63 464.07 North Gower -0.70 13.64 501.00-0.70 12.99 477.30 Huron FOB -1.05 13.29 488.14-1.30 12.39 455.25 Kent FOB -1.18 13.16 483.36-1.42 12.27 450.85 Lambton FOB -1.18 13.16 483.36-1.42 12.27 450.85 Middlesex FOB-1.11-1.06-1.01 N/A 13.23 485.94-0.97 12.72 467.38 PROCESSORS Hamilton -0.75-0.70-0.65-0.60 13.59 499.16-0.65 13.04 479.14 Windsor -0.65-0.65 N/A N/A 13.69 502.84-0.76 12.93 475.10 Winchester -1.00 13.34 489.98-0.93 12.76 468.85 TRANSFER Hamilton -0.90 N/A N/A N/A 13.44 493.65-0.65 13.04 479.14 Pt. Stanley -1.35 12.99 477.12-1.10 12.59 462.60 Sarnia -0.97 13.37 491.08-0.77 12.92 474.73 Owen Sound N/A N/A Sorel QC -0.35 13.99 513.86-0.30 13.39 492.00 Toledo El. -0.23 14.11 518.37-0.53 13.16 483.71 Bank of Canada Noon exchange rate was 0.9901 up 0.0000 Chicago wheat closed slightly lower. MAR11 HI 8.64 3/4 JUL11 HI 9.16 1/2 LOW 8.42 1/2 LOW 8.96 1/2 CLOSE 8.53 3/4 Down 5 1/4 CLOSE 9.08 1/4 Down 3 3/4 Minni wheat closed slightly to moderately lower. MAR11 HI 10.04 1/4 SEP11 HI 10.10 LOW 9.74 LOW 9.88 1/2 CLOSE 9.88 1/2 Down 10 CLOSE 10.03 1/4 Down 3 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.69 -0.29 -0.69 -0.61 CAD $/bu 7.85 8.24 7.85 9.28 CAD $/tonne 288.34 302.87 288.34 340.92 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 -0.83 -0.83 -1.18 N/A -1.26 -1.26 -2.16 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 -2.00 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.30 Essex N/A N/A -1.09 N/A N/A N/A -2.10 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 -0.90 -1.10 N/A N/A -1.30 -2.15 N/A Brigden N/A -0.90 -1.10 N/A N/A -1.30 -2.15 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 -1.25 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 -0.80 -0.29 -0.65 N/A -1.13 -0.88 -1.77 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 0.69 -0.29 N/A 0.17 0.12 -0.67 N/A Toledo El. 8.26US 8.16CA 8.35US 8.28CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.17 -0.82 -1.71 -1.08 CAD $/bu 7.91 8.26 7.37 8.96 CAD $/tonne 290.81 303.56 270.77 329.06 (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 409.18 - 413.59 DDG's FOB Srn, Wndr, Aylm 200.00 - 220.00