FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9886 down 0.0015 Chicago corn closed mixed. MAR11 HI 6.82 1/2 DEC11 HI 6.04 3/4 LOW 6.69 1/2 LOW 5.97 CLOSE6.74 3/4 Down 3 3/4 CLOSE 6.02 Up 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 5.85 230.21 -0.90 5.12 201.57 CK High -0.85 5.90 232.17 -0.90 5.12 201.57 CK Avg -0.88 -0.81 5.87 231.19 -0.90 -0.85 5.12 201.57 Essex Cty -0.90 5.85 230.21 -0.90 5.12 201.57 Mdsx Low -0.90 5.85 230.21 -0.90 5.12 201.57 Mdsx High -0.85 5.90 232.17 -0.90 5.12 201.57 Mdsx Avg -0.88 -0.82 5.86 230.86 -0.90 -0.85 5.12 201.57 Hensall -0.88 5.87 231.19 -0.90 5.12 201.57 Bruce -0.85 5.90 232.17 -0.90 5.12 201.57 Putnam -0.85 5.90 232.17 -0.90 5.12 201.57 Princeton -0.90 5.85 230.21 -0.90 5.12 201.57 Durham -0.95 5.80 228.24 -0.95 5.07 199.60 Norfolk -0.85 5.90 232.17 -0.90 5.12 201.57 Trenton -0.95 5.80 228.24 -0.95 5.07 199.60 Winchester -0.80 5.95 234.14 -0.75 5.27 207.47 North Gower -0.96 5.79 227.84 -1.01 5.01 197.23 Huron FOB -0.90 5.85 230.21 -0.87 5.15 202.75 Kent FOB -0.85 5.90 232.17 -0.90 5.12 201.57 Lamb FOB -0.85 5.90 232.17 -0.90 5.12 201.57 Mdsx FOB -0.90 -0.90 -0.90N/A 5.85 230.21 -0.90 5.12 201.57 FOB SW Que -0.76 5.99 235.72 -0.68 5.34 210.23 Track -0.50 6.25 245.95N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.70 5.32 209.44 Jhnstwn-Eth N/A N/A N/A N/A -0.55 5.47 215.34 Aylmer-Eth N/A -0.85 -0.75N/A N/A Sarn-Eth -0.60 -0.60 -0.60 -0.45 6.15 242.02N/A Cllngwd-Eth -0.70N/A N/A N/A 6.05 238.08-0.80* 5.22 205.50 Kwrth-Eth N/A N/A N/A N/A N/A London-Cas N/A N/A -0.65 -0.60 -0.40 5.62 221.25 Pt.Colb-Cas N/A N/A N/A N/A -0.35 5.67 223.22 Cardnl-Cas N/A N/A N/A N/A -0.40 5.62 221.25 W O Feed -0.54 -0.53 6.21 244.38 US Rep 0.15 0.16 6.90 271.54 Toledo El. -0.12 6.63 260.96 -0.47 5.55 218.64 TRANSFER Sarnia -0.90 5.85 230.21 -0.90 5.12 201.57 Pt. Stanley -0.90 5.85 230.21 -0.92 5.10200 7/9 Hamilton N/A -0.82 5.20204 5/7 MID SD CRN -0.87 1/2 5.87 1/4 HI SD CRN -0.85 5.89 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9886 down 0.0015 Chicago soybeans closed slightly lower. MAR11 HI 14.43 3/4 NOV11 HI 13.83 LOW 14.21 1/4 LOW 13.60 CLOSE14.24 1/2 Down 9 CLOSE 13.66 Down 3 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.25 13.00 477.48-1.40 12.26 450.48 CK High -1.15 13.10 481.16-1.29 12.37 454.52 CK Average -1.19 -1.0513.06 479.69-1.35-1.2512.31 452.17 Essex Cty -1.11 13.14 482.63-1.33 12.33 453.05 Mdsx Low -1.20 13.05 479.32-1.40 12.26 450.48 Mdsx High -1.15 13.10 481.16-1.29 12.37 454.52 Mdsx Average -1.18 -1.0413.07 480.06-1.35-1.2412.31 452.44 Hensall -1.18 13.07 480.24-1.40 12.26 450.48 Bruce -1.15 13.10 481.16-1.40 12.26 450.48 Putnam -1.15 13.10 481.16-1.40 12.26 450.48 Princeton -1.19 13.06 479.69-1.32 12.34 453.42 Durham -1.24 13.01 477.85-1.32 12.34 453.42 Norfolk -1.16 13.09 480.79-1.40 12.26 450.48 Trenton -1.40 12.85 471.97-1.25 12.41 455.99 Winchester -1.14 13.11 481.53-1.11 12.55 461.13 North Gower -0.70 13.55 497.69-0.70 12.96 476.20 Huron FOB -1.05 13.20 484.83-1.30 12.36 454.15 Kent FOB -1.16 13.09 480.79-1.40 12.26 450.48 Lambton FOB -1.16 13.09 480.79-1.40 12.26 450.48 Middlesex FOB-1.09-1.05-1.23 N/A 13.16 483.36-1.01 12.65 464.81 PROCESSORS Hamilton -0.80-0.75-0.70-0.65 13.45 494.02-0.70 12.96 476.20 Windsor -0.62-0.62 N/A N/A 13.63 500.63-0.78 12.88 473.26 Winchester -1.03 13.22 485.57-0.96 12.70 466.65 TRANSFER Hamilton -0.90 N/A N/A N/A 13.35 490.34-0.65 13.01 478.04 Pt. Stanley -1.35 12.90 473.81-1.10 12.56 461.50 Sarnia -0.97 13.28 487.77-0.77 12.89 473.63 Owen Sound N/A N/A Sorel QC -0.35 13.90 510.55-0.30 13.36 490.90 Toledo El. -0.23 14.02 515.04-0.53 13.13 482.60 Bank of Canada Noon exchange rate was 0.9886 down 0.0015 Chicago wheat closed slightly higher. MAR11 HI 8.69 1/2 JUL11 HI 9.23 LOW 8.51 1/2 LOW 9.08 1/2 CLOSE 8.58 3/4 Up 5 CLOSE 9.16 3/4 Up 8 1/2 Minni wheat closed slightly higher. MAR11 HI 10.04 SEP11 HI 10.17 3/4 LOW 9.85 1/4 LOW 10.03 1/4 CLOSE 9.91 1/4 Up 2 3/4 CLOSE 10.09 Up 5 3/4 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 9.32 CAD $/tonne 290.70 305.26 290.70 342.56 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 -1.20 -2.10 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 -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 -1.22 N/A N/A N/A -2.23 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 -1.23 N/A N/A N/A -1.76 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 0.71 -0.28 N/A 0.18 0.13 -0.67 N/A Toledo El. 8.31US 8.23CA 8.44US 8.37CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.16 -0.82 -1.71 -1.07 CAD $/bu 8.01 8.35 7.46 9.02 CAD $/tonne 294.14 306.90 274.08 331.42 (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 410.51 - 412.71 DDG's FOB Srn, Wndr, Aylm 200.00 - 220.00