FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 17 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9839 down 0.0016 Chicago corn closed sharply higher. MAR11 HI 7.12 3/4 DEC11 HI 6.15 1/4 LOW 6.92 LOW 5.91 CLOSE7.12 3/4 Up 22 1/4 CLOSE 6.15 1/4 Up 23 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 6.23 245.17 -0.95 5.20 204.81 CK High -0.87 6.26 246.35 -0.95 5.20 204.81 CK Avg -0.90 -0.79 6.23 245.36 -0.95 -0.87 5.20 204.81 Essex Cty -0.90 6.23 245.17 -0.95 5.20 204.81 Mdsx Low -0.90 6.23 245.17 -0.95 5.20 204.81 Mdsx High -0.90 6.23 245.17 -0.95 5.20 204.81 Mdsx Avg -0.90 -0.79 6.23 245.17 -0.95 -0.87 5.20 204.81 Hensall -0.90 6.23 245.17 -0.95 5.20 204.81 Bruce -0.90 6.23 245.17 -0.95 5.20 204.81 Putnam -0.90 6.23 245.17 -0.95 5.20 204.81 Princeton -0.90 6.23 245.17 -0.95 5.20 204.81 Durham -0.95 6.18 243.20 -1.00 5.15 202.84 Norfolk -0.87 6.26 246.35 -0.95 5.20 204.81 Trenton -0.95 6.18 243.20 -0.95 5.20 204.81 Winchester -0.90 6.23 245.17 -0.90 5.25 206.78 North Gower -0.96 6.17 242.80 -1.01 5.14 202.45 Huron FOB -0.90 6.23 245.17 -0.93 5.22 205.60 Kent FOB -0.87 6.26 246.35 -0.95 5.20 204.81 Lamb FOB -0.87 6.26 246.35 -0.95 5.20 204.81 Mdsx FOB -0.90 -0.90 -0.85N/A 6.23 245.17 -0.90 5.25 206.78 FOB SW Que -0.50 6.63 260.91 -0.70 5.45 214.66 Track -0.53 6.60 259.93N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.40 212.69 Jhnstwn-Eth N/A N/A N/A N/A -0.65 5.50 216.62 Aylmer-Eth N/A -0.95 -0.85N/A N/A Sarn-Eth -0.70 -0.70 -0.70 -0.55 6.43 253.04N/A Cllngwd-Eth -0.70N/A N/A N/A 6.43 253.04-0.70* 5.45 214.66 Kwrth-Eth N/A -0.90N/A N/A N/A London-Cas N/A N/A -0.65 -0.65 -0.65 5.50 216.62 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.65 222.53 Cardnl-Cas N/A N/A N/A N/A -0.50 5.65 222.53 W O Feed -0.56 -0.54 6.57 258.55 US Rep 0.10 0.12 7.23 284.53 Toledo El. -0.12 7.01 275.94 -0.46 5.69 223.95 TRANSFER Sarnia -0.90 6.23 245.17 -0.95 5.20 204.81 Pt. Stanley -0.94 6.19 243.59 -1.09 5.06199 1/3 Hamilton -0.60 6.53 256.98 -0.65 5.50216 5/8 MID SD CRN -0.88 1/2 6.24 1/4 HI SD CRN -0.87 6.25 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9839 down 0.0016 Chicago soybeans closed higher. MAR11 HI 14.06 3/4 NOV11 HI 13.73 3/4 LOW 13.66 LOW 13.29 CLOSE14.04 1/2 Up 38 1/2 CLOSE 13.73 1/2 Up 44 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.20 12.85 471.97-1.35 12.39 455.07 CK High -1.12 12.93 474.91-1.27 12.47 458.01 CK Average -1.15 -0.9412.89 473.66-1.32-1.1512.42 456.17 Essex Cty -1.10 12.95 475.65-1.27 12.47 458.01 Mdsx Low -1.16 12.89 473.44-1.40 12.34 453.23 Mdsx High -1.13 12.92 474.55-1.27 12.47 458.01 Mdsx Average -1.15 -0.9412.90 473.93-1.33-1.1612.41 455.81 Hensall -1.15 12.90 473.81-1.38 12.36 454.15 Bruce -1.15 12.90 473.81-1.40 12.34 453.23 Putnam -1.15 12.90 473.81-1.40 12.34 453.23 Princeton -1.06 12.99 477.12-1.27 12.47 458.01 Durham -1.22 12.83 471.24-1.29 12.45 457.28 Norfolk -1.10 12.95 475.65-1.33 12.41 455.81 Trenton -1.35 12.70 466.46-1.25 12.49 458.75 Winchester -1.17 12.88 473.08-1.14 12.60 462.79 North Gower -1.00 13.05 479.32-1.00 12.74 467.93 Huron FOB -1.00 13.05 479.32-1.25 12.49 458.75 Kent FOB -1.15 12.90 473.81-1.39 12.35 453.60 Lambton FOB -1.15 12.90 473.81-1.39 12.35 453.60 Middlesex FOB-1.03-0.98-0.93 N/A 13.02 478.22-1.00 12.74 467.93 PROCESSORS Hamilton -0.75-0.70-0.65-0.65 13.30 488.51-0.65 13.09 480.79 Windsor -0.65-0.65-0.74-0.73 13.40 492.18-0.86 12.88 473.08 Winchester -1.07 12.98 476.75-1.04 12.70 466.46 TRANSFER Hamilton -0.95 N/A N/A N/A 13.10 481.16-0.70 13.04 478.95 Pt. Stanley -1.40 12.65 464.62-1.15 12.59 462.42 Sarnia -0.85 13.20 484.83-0.76 12.98 476.75 Owen Sound N/A N/A Sorel QC -0.45 13.60 499.53-0.40 13.34 489.98 Toledo El. -0.23 13.82 507.74-0.47 13.26 487.26 Bank of Canada Noon exchange rate was 0.9839 down 0.0016 Chicago wheat closed moderately higher. MAR11 HI 8.53 1/2 JUL11 HI 9.14 1/2 LOW 8.37 3/4 LOW 8.99 CLOSE 8.50 3/4 Up 13 3/4 CLOSE 9.13 3/4 Up 16 Minni wheat closed higher. MAR11 HI 9.83 SEP11 HI 10.05 1/2 LOW 9.55 1/2 LOW 9.78 1/2 CLOSE 9.81 Up 23 1/2 CLOSE 10.02 3/4 Up 24 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.72 -0.32 -0.72 -0.64 CAD $/bu 7.79 8.18 7.79 9.17 CAD $/tonne 286.20 300.68 286.20 336.96 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 -0.87 -0.87 -1.17 N/A -1.33 -1.33 -2.17 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 -1.16 N/A N/A N/A -2.33 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 -1.10 N/A N/A -1.35 -2.20 N/A Brigden N/A -0.80 -1.10 N/A N/A -1.35 -2.20 N/A Palmerston N/A -0.62 -1.17 -0.56 N/A -1.22 -2.20 -0.85 Mitchell -0.70 -0.60 -1.05 N/A -1.20 -1.25 -2.15 N/A Thornton N/A N/A N/A -1.22 N/A N/A N/A -1.59 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 0.66 -0.32 N/A 0.13 0.08 -0.71 N/A Toledo El. 8.28US 8.15CA 8.41US 8.30CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.20 -0.86 -1.75 -0.97 CAD $/bu 7.94 8.28 7.39 9.06 CAD $/tonne 291.57 304.26 271.61 332.92 (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 275.00 FOB Hm Soymeal 399.82 - 405.33 DDG's FOB Srn, Wndr, Aylm 195.00 - 215.00