FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9906 up 0.0020 Chicago corn closed narrowly mixed. MAR11 HI 6.75 DEC11 HI 6.04 1/2 LOW 6.66 1/4 LOW 5.95 1/4 CLOSE6.73 3/4 Down 1 CLOSE 6.04 1/2 Up 2 1/2 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 5.84 229.81 -0.90 5.15 202.55 CK High -0.85 5.89 231.78 -0.90 5.15 202.55 CK Avg -0.88 -0.85 5.86 230.80 -0.90 -0.89 5.15 202.55 Essex Cty -0.90 5.84 229.81 -0.90 5.15 202.55 Mdsx Low -0.90 5.84 229.81 -0.90 5.15 202.55 Mdsx High -0.85 5.89 231.78 -0.90 5.15 202.55 Mdsx Avg -0.88 -0.86 5.85 230.47 -0.90 -0.89 5.15 202.55 Hensall -0.88 5.86 230.80 -0.90 5.15 202.55 Bruce -0.85 5.89 231.78 -0.90 5.15 202.55 Putnam -0.85 5.89 231.78 -0.90 5.15 202.55 Princeton -0.90 5.84 229.81 -0.90 5.15 202.55 Durham -0.95 5.79 227.84 -0.95 5.10 200.58 Norfolk -0.85 5.89 231.78 -0.90 5.15 202.55 Trenton -0.95 5.79 227.84 -0.95 5.10 200.58 Winchester -0.80 5.94 233.75 -0.75 5.30 208.45 North Gower -0.96 5.78 227.45 -1.01 5.04 198.22 Huron FOB -0.90 5.84 229.81 -0.87 5.18 203.73 Kent FOB -0.85 5.89 231.78 -0.90 5.15 202.55 Lamb FOB -0.85 5.89 231.78 -0.90 5.15 202.55 Mdsx FOB -0.90 -0.90 -0.90N/A 5.84 229.81 -0.90 5.15 202.55 FOB SW Que -0.76 5.98 235.32 -0.68 5.37 211.21 Track -0.50 6.24 245.56N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.70 5.35 210.42 Jhnstwn-Eth N/A N/A N/A N/A -0.55 5.50 216.33 Aylmer-Eth N/A -0.85 -0.75N/A N/A Sarn-Eth -0.60 -0.60 -0.60 -0.45 6.14 241.62N/A Cllngwd-Eth -0.70N/A N/A N/A 6.04 237.69-0.80* 5.25 206.49 Kwrth-Eth N/A N/A N/A N/A N/A London-Cas N/A -0.65 -0.60 -0.60 -0.50 5.55 218.30 Pt.Colb-Cas N/A N/A N/A N/A -0.35 5.70 224.20 Cardnl-Cas N/A N/A N/A N/A -0.40 5.65 222.23 W O Feed -0.54 -0.53 6.20 243.98 US Rep 0.15 0.16 6.89 271.15 Toledo El. -0.12 6.62 260.53 -0.47 5.58 219.51 TRANSFER Sarnia -0.90 5.84 229.81 -0.90 5.15 202.55 Pt. Stanley -0.90 5.84 229.81 -0.92 5.13201 3/4 Hamilton N/A -0.82 5.23205 2/3 MID SD CRN -0.87 1/2 5.86 1/4 HI SD CRN -0.85 5.88 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9906 up 0.0020 Chicago soybeans closed slightly higher. MAR11 HI 14.35 1/2 NOV11 HI 13.78 LOW 14.14 LOW 13.57 CLOSE14.34 1/4 Up 9 3/4 CLOSE 13.77 1/2 Up 11 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 13.09 481.07-1.38 12.40 455.44 CK High -1.10 13.24 486.58-1.27 12.51 459.48 CK Average -1.17 -1.1213.18 484.15-1.33-1.3112.45 457.28 Essex Cty -1.11 13.23 486.21-1.33 12.45 457.28 Mdsx Low -1.19 13.15 483.27-1.35 12.43 456.54 Mdsx High -1.10 13.24 486.58-1.29 12.49 458.75 Mdsx Average -1.16 -1.1213.18 484.37-1.33-1.3112.45 457.28 Hensall -1.15 13.19 484.74-1.38 12.40 455.62 Bruce -1.10 13.24 486.58-1.35 12.43 456.54 Putnam -1.10 13.24 486.58-1.40 12.38 454.70 Princeton -1.19 13.15 483.27-1.32 12.46 457.64 Durham -1.22 13.12 482.17-1.31 12.47 458.01 Norfolk -1.06 13.28 488.05-1.30 12.48 458.38 Trenton -1.30 13.04 479.23-1.20 12.58 462.05 Winchester -1.14 13.20 485.11-1.11 12.67 465.36 North Gower -0.70 13.64 501.28-0.70 13.08 480.42 Huron FOB -1.05 13.29 488.42-1.30 12.48 458.38 Kent FOB -1.11 13.23 486.21-1.36 12.42 456.17 Lambton FOB -1.11 13.23 486.21-1.36 12.42 456.17 Middlesex FOB-1.05-1.00-0.96 N/A 13.29 488.42-1.00 12.78 469.40 PROCESSORS Hamilton -0.70-0.65-0.55-0.50 13.64 501.28-0.60 13.18 484.10 Windsor -0.55-0.55-0.64 N/A 13.79 506.79-0.71 13.07 480.06 Winchester -1.04 13.30 488.78-1.01 12.77 469.03 TRANSFER Hamilton -0.90 N/A N/A N/A 13.44 493.93-0.65 13.13 482.26 Pt. Stanley -1.35 12.99 477.39-1.10 12.68 465.73 Sarnia -0.97 13.37 491.36-0.77 13.01 477.85 Owen Sound N/A N/A Sorel QC -0.35 13.99 514.14-0.30 13.48 495.12 Toledo El. -0.23 14.11 518.57-0.53 13.25 486.70 Bank of Canada Noon exchange rate was 0.9906 up 0.0020 Chicago wheat closed moderately higher. MAR11 HI 8.80 3/4 JUL11 HI 9.37 3/4 LOW 8.44 LOW 9.04 CLOSE 8.74 1/4 Up 15 1/2 CLOSE 9.32 1/2 Up 15 3/4 Minni wheat closed moderately higher. MAR11 HI 10.14 SEP11 HI 10.31 LOW 9.84 LOW 10.05 CLOSE 10.09 1/2 Up 18 1/4 CLOSE 10.27 1/2 Up 18 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.63 -0.23 -0.63 -0.53 CAD $/bu 8.12 8.52 8.12 9.57 CAD $/tonne 298.26 312.91 298.26 351.47 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 -0.83 -0.83 -1.18 N/A -1.28 -1.28 -2.17 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 -1.18 N/A N/A N/A -2.19 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 -0.86 -1.06 N/A N/A -1.26 -2.11 N/A Brigden N/A -0.86 -1.06 N/A N/A -1.26 -2.11 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 -1.24 N/A N/A N/A -1.78 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 0.77 -0.23 N/A 0.23 0.18 -0.61 N/A Toledo El. 8.51US 8.49CA 8.60US 8.58CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.11 -0.76 -1.66 -1.01 CAD $/bu 8.21 8.56 7.66 9.26 CAD $/tonne 301.73 314.57 281.56 340.25 (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 414.15 - 416.35 DDG's FOB Srn, Wndr, Aylm 185.00 - 220.00