FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 11 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9903 down 0.0052 Chicago corn closed slightly to moderately higher. MAR11 HI 7.06 3/4 DEC11 HI 6.19 LOW 6.95 LOW 6.10 1/4 CLOSE7.06 1/2 Up 8 CLOSE 6.18 1/4 Up 3 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 -0.95 6.12 240.74 -0.95 5.23 205.99 CK High -0.85 6.22 244.67 -0.95 5.23 205.99 CK Avg -0.91 -0.82 6.16 242.38 -0.95 -0.89 5.23 205.99 Essex Cty -0.90 6.17 242.71 -0.95 5.23 205.99 Mdsx Low -0.95 6.12 240.74 -0.95 5.23 205.99 Mdsx High -0.90 6.17 242.71 -0.95 5.23 205.99 Mdsx Avg -0.92 -0.83 6.15 242.05 -0.95 -0.89 5.23 205.99 Hensall -0.90 6.17 242.71 -0.95 5.23 205.99 Bruce -0.90 6.17 242.71 -0.95 5.23 205.99 Putnam -0.90 6.17 242.71 -0.95 5.23 205.99 Princeton -0.90 6.17 242.71 -0.95 5.23 205.99 Durham -1.00 6.07 238.77 -1.00 5.18 204.03 Norfolk -0.85 6.22 244.67 -0.95 5.23 205.99 Trenton -0.95 6.12 240.74 -0.95 5.23 205.99 Winchester -0.80 6.27 246.64 -0.75 5.43 213.87 North Gower -0.96 6.11 240.34 -1.01 5.17 203.63 Huron FOB -0.90 6.17 242.71 -0.93 5.25 206.78 Kent FOB -0.85 6.22 244.67 -0.95 5.23 205.99 Lamb FOB -0.85 6.22 244.67 -0.95 5.23 205.99 Mdsx FOB -0.95 -0.90 -0.95N/A 6.12 240.74 -0.95 5.23 205.99 FOB SW Que -0.70 6.37 250.58 -0.65 5.53 217.80 Track -0.53 6.54 257.47N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.70 5.48 215.84 Jhnstwn-Eth N/A N/A N/A N/A -0.35 5.83 229.62 Aylmer-Eth N/A -0.95 -0.85N/A N/A Sarn-Eth -0.70 -0.70 -0.70 -0.55 6.37 250.58N/A Cllngwd-Eth -0.70N/A N/A N/A 6.37 250.58-0.80* 5.38 211.90 Kwrth-Eth N/A -0.95N/A N/A N/A London-Cas N/A -0.65 -0.65N/A -0.55 5.63 221.74 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.68 223.71 Cardnl-Cas N/A N/A N/A N/A -0.45 5.73 225.68 W O Feed -0.54 -0.53 6.53 256.88 US Rep 0.00 0.01 7.07 278.14 Toledo El. -0.12 6.95 273.47 -0.47 5.72 225.09 TRANSFER Sarnia -0.90 6.17 242.71 -0.95 5.23 205.99 Pt. Stanley -1.02 6.05 237.98 -1.08 5.10200 7/8 Hamilton N/A -0.88 5.30208 3/4 MID SD CRN -0.90 1 6.16 1/2 HI SD CRN -0.85 6.21 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9903 down 0.0052 Chicago soybeans closed slightly to moderately lower. MAR11 HI 14.42 1/4 NOV11 HI 13.98 1/2 LOW 14.10 1/4 LOW 13.74 CLOSE14.16 Down 17 CLOSE 13.79 1/2 Down 6 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.07 13.09 480.98-1.30 12.50 459.11 CK High -1.05 13.11 481.71-1.22 12.58 462.05 CK Average -1.06 -0.8813.10 481.42-1.27-1.1212.53 460.29 Essex Cty -0.98 13.18 484.28-1.17 12.63 463.89 Mdsx Low -1.08 13.08 480.61-1.35 12.45 457.28 Mdsx High -1.02 13.14 482.81-1.27 12.53 460.21 Mdsx Average -1.05 -0.8713.11 481.71-1.31-1.1712.49 458.75 Hensall -1.10 13.06 479.87-1.38 12.42 456.36 Bruce -1.05 13.11 481.71-1.35 12.45 457.28 Putnam -1.05 13.11 481.71-1.40 12.40 455.44 Princeton -1.01 13.15 483.18-1.17 12.63 463.89 Durham -1.13 13.03 478.77-1.29 12.51 459.48 Norfolk -1.03 13.13 482.44-1.21 12.59 462.42 Trenton -1.30 12.86 472.52-1.20 12.60 462.79 Winchester -1.11 13.05 479.51-1.09 12.71 466.83 North Gower -0.70 13.46 494.57-0.70 13.10 481.16 Huron FOB -1.00 13.16 483.55-1.30 12.50 459.11 Kent FOB -1.08 13.08 480.61-1.28 12.52 459.85 Lambton FOB -1.08 13.08 480.61-1.28 12.52 459.85 Middlesex FOB-0.97-0.94-0.89 N/A 13.19 484.65-0.90 12.90 473.81 PROCESSORS Hamilton -0.80-0.75-0.65-0.60 13.36 490.90-0.60 13.20 484.83 Windsor -0.61-0.61-0.70-0.69 13.55 497.88-0.82 12.98 476.75 Winchester -0.97 13.19 484.65-0.96 12.84 471.61 TRANSFER Hamilton -0.70 N/A N/A N/A 13.46 494.57-0.70 13.10 481.16 Pt. Stanley -1.35 12.81 470.69-1.15 12.65 464.62 Sarnia -0.73 13.43 493.47-0.66 13.14 482.63 Owen Sound N/A N/A Sorel QC -0.21 13.95 512.57-0.25 13.55 497.69 Toledo El. -0.23 13.93 511.95-0.52 13.27 487.61 Bank of Canada Noon exchange rate was 0.9903 down 0.0052 Chicago wheat closed slightly higher. MAR11 HI 8.71 1/4 JUL11 HI 9.29 LOW 8.55 1/2 LOW 9.12 3/4 CLOSE 8.67 Up 4 1/4 CLOSE 9.25 1/2 Up 4 1/2 Minni wheat closed slightly higher. MAR11 HI 10.23 1/2 SEP11 HI 10.35 1/4 LOW 10.09 LOW 10.25 CLOSE 10.17 3/4 Up 3 CLOSE 10.34 Up 4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.70 -0.31 -0.70 -0.62 CAD $/bu 7.97 8.36 7.97 9.56 CAD $/tonne 292.83 307.35 292.83 351.16 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 -0.79 -0.79 -1.09 N/A -1.22 -1.22 -2.11 N/A Hensall -0.70 N/A -1.05 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 -1.19 N/A N/A N/A -2.31 N/A Norwich -0.70 N/A -1.05 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 -1.05 N/A -1.10 N/A -2.15 N/A Chatham N/A -0.70 -1.05 N/A N/A -1.25 -2.14 N/A Brigden N/A -0.70 -1.05 N/A N/A -1.25 -2.14 N/A Palmerston N/A -0.79 -1.40 -0.81 N/A -1.29 -2.34 -0.99 Mitchell -0.70 -0.60 -1.05 N/A -1.20 -1.25 -2.15 N/A Thornton N/A N/A N/A -1.36 N/A N/A N/A -1.86 North Gower N/A N/A N/A N/A N/A N/A N/A -1.20 TERMINAL Sarnia -0.80 -0.25 -0.62 N/A -1.10 -0.85 -1.75 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 0.68 -0.31 N/A 0.15 0.10 -0.69 N/A Toledo El. 8.44US 8.33CA 8.53US 8.44CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.19 -0.84 -1.73 -1.10 CAD $/bu 8.07 8.42 7.53 9.24 CAD $/tonne 296.50 309.23 276.50 339.59 (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 255.00 FOB Hm Soymeal 406.87 - 412.38 DDG's FOB Srn, Wndr, Aylm 190.00 - 215.00