FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 15 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9887 up 0.0002 Chicago corn closed moderately lower to lower. MAR11 HI 6.99 3/4 DEC11 HI 6.12 3/4 LOW 6.80 1/4 LOW 5.86 1/4 CLOSE6.90 1/2 Down 5 1/4 CLOSE 5.91 1/2 Down 16 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 6.01 236.41 -0.95 4.97 195.46 CK High -0.90 6.01 236.41 -0.95 4.97 195.46 CK Avg -0.90 -0.83 6.01 236.41 -0.95 -0.91 4.97 195.46 Essex Cty -0.90 6.01 236.41 -0.95 4.97 195.46 Mdsx Low -0.90 6.01 236.41 -0.95 4.97 195.46 Mdsx High -0.90 6.01 236.41 -0.95 4.97 195.46 Mdsx Avg -0.90 -0.83 6.01 236.41 -0.95 -0.91 4.97 195.46 Hensall -0.90 6.01 236.41 -0.95 4.97 195.46 Bruce -0.90 6.01 236.41 -0.95 4.97 195.46 Putnam -0.90 6.01 236.41 -0.95 4.97 195.46 Princeton -0.90 6.01 236.41 -0.95 4.97 195.46 Durham -0.95 5.96 234.44 -1.00 4.92 193.49 Norfolk -0.90 6.01 236.41 -0.95 4.97 195.46 Trenton -0.95 5.96 234.44 -0.95 4.97 195.46 Winchester -0.85 6.06 238.37 -0.85 5.07 199.40 North Gower -0.96 5.95 234.04 -1.01 4.91 193.10 Huron FOB -0.90 6.01 236.41 -0.93 4.99 196.25 Kent FOB -0.90 6.01 236.41 -0.95 4.97 195.46 Lamb FOB -0.90 6.01 236.41 -0.95 4.97 195.46 Mdsx FOB -0.90 -0.90 -0.85N/A 6.01 236.41 -0.90 5.02 197.43 FOB SW Que -0.68 6.23 245.07 -0.72 5.20 204.52 Track -0.53 6.38 251.17N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.17 203.34 Jhnstwn-Eth N/A N/A N/A N/A -0.35 5.57 219.08 Aylmer-Eth N/A -0.95 -0.85N/A N/A Sarn-Eth -0.70 -0.70 -0.70 -0.55 6.21 244.28N/A Cllngwd-Eth -0.80N/A N/A N/A 6.11 240.34-0.70* 5.22 205.31 Kwrth-Eth N/A -0.90N/A N/A N/A London-Cas N/A -0.65 -0.65N/A -0.55 5.37 211.21 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.42 213.18 Cardnl-Cas N/A N/A N/A N/A -0.45 5.47 215.15 W O Feed -0.56 -0.55 6.35 249.79 US Rep 0.00 0.01 6.91 271.84 Toledo El. -0.12 6.79 267.16 -0.47 5.45 214.50 TRANSFER Sarnia -0.90 6.01 236.41 -0.95 4.97 195.46 Pt. Stanley -1.02 5.89 231.68 -1.08 4.84190 1/3 Hamilton N/A -0.88 5.04198 2/9 MID SD CRN -0.90 6.00 1/2 HI SD CRN -0.90 6.00 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9887 up 0.0002 Chicago soybeans closed lower. MAR11 HI 14.09 1/4 NOV11 HI 13.74 3/4 LOW 13.64 3/4 LOW 13.26 CLOSE13.68 Down 34 3/4 CLOSE 13.32 3/4 Down 32 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.16 12.52 460.03-1.33 12.00 440.83 CK High -1.12 12.56 461.50-1.25 12.08 443.77 CK Average -1.14 -1.0112.54 460.77-1.29-1.1912.04 442.30 Essex Cty -1.10 12.58 462.24-1.27 12.06 443.04 Mdsx Low -1.15 12.53 460.40-1.35 11.98 440.10 Mdsx High -1.12 12.56 461.50-1.27 12.06 443.04 Mdsx Average -1.13 -1.0012.55 461.01-1.31-1.2112.01 441.45 Hensall -1.15 12.53 460.40-1.35 11.98 440.10 Bruce -1.15 12.53 460.40-1.35 11.98 440.10 Putnam -1.15 12.53 460.40-1.40 11.93 438.26 Princeton -1.06 12.62 463.71-1.27 12.06 443.04 Durham -1.18 12.50 459.30-1.35 11.98 440.10 Norfolk -1.11 12.57 461.87-1.29 12.04 442.30 Trenton -1.35 12.33 453.05-1.25 12.08 443.77 Winchester -1.17 12.51 459.66-1.15 12.18 447.45 North Gower -1.00 12.68 465.91-1.00 12.33 452.96 Huron FOB -1.00 12.68 465.91-1.25 12.08 443.77 Kent FOB -1.16 12.52 460.03-1.35 11.98 440.10 Lambton FOB -1.16 12.52 460.03-1.35 11.98 440.10 Middlesex FOB-0.99-0.94-0.89 N/A 12.69 466.28-0.97 12.36 454.06 PROCESSORS Hamilton -0.70-0.65-0.60-0.60 12.98 476.93-0.60 12.73 467.66 Windsor -0.59-0.59-0.68-0.67 13.09 480.98-0.79 12.54 460.67 Winchester -1.06 12.62 463.71-1.03 12.30 451.86 TRANSFER Hamilton -0.70 N/A N/A N/A 12.98 476.93-0.70 12.63 463.98 Pt. Stanley -1.35 12.33 453.05-1.15 12.18 447.45 Sarnia -0.85 12.83 471.42-0.76 12.57 461.78 Owen Sound N/A N/A Sorel QC -0.40 13.28 487.96-0.35 12.98 476.84 Toledo El. -0.23 13.45 494.28-0.53 12.80 470.37 Bank of Canada Noon exchange rate was 0.9887 up 0.0002 Chicago wheat closed lower. MAR11 HI 8.74 JUL11 HI 9.32 LOW 8.30 1/2 LOW 8.90 1/4 CLOSE 8.40 1/4 Down 31 3/4 CLOSE 9.00 Down 31 Minni wheat closed lower. MAR11 HI 10.16 1/2 SEP11 HI 10.26 3/4 LOW 9.70 1/4 LOW 9.87 1/2 CLOSE 9.75 1/2 Down 37 1/2 CLOSE 9.94 Down 32 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.67 -0.28 -0.67 -0.59 CAD $/bu 7.73 8.12 7.73 9.17 CAD $/tonne 283.94 298.49 283.94 336.80 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 -0.80 -1.15 N/A N/A -1.30 -2.15 N/A London -0.85 -0.85 -1.15 N/A -1.27 -1.27 -2.15 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 -1.18 N/A N/A N/A -2.29 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 -0.80 -1.09 N/A N/A -1.35 -2.19 N/A Brigden N/A -0.80 -1.09 N/A N/A -1.35 -2.19 N/A Palmerston N/A -0.84 -1.44 -0.56 N/A -1.34 -2.37 -1.04 Mitchell -0.70 -0.60 -1.05 N/A -1.20 -1.25 -2.15 N/A Thornton N/A N/A N/A -1.26 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 -0.83 -0.29 -0.69 N/A -1.16 -0.92 -1.81 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 -0.66 N/A Toledo El. 8.17US 8.09CA 8.27US 8.21CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.16 -0.81 -1.70 -1.07 CAD $/bu 7.84 8.19 7.30 8.87 CAD $/tonne 288.11 300.88 268.06 326.04 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 288.00 - 295.00 Bayport Oats 320.00 Bayport Barley 257.00 FOB Hm Soymeal 393.09 - 398.60 DDG's FOB Srn, Wndr, Aylm 190.00 - 215.00