FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9859 up 0.0029 Chicago corn closed limit down. MAR11 HI 7.24 1/4 DEC11 HI 6.23 LOW 6.79 3/4 LOW 5.82 1/2 CLOSE6.79 3/4 Down 30 CLOSE 5.82 1/2 Down 30 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 5.90 232.17 -0.95 4.88 191.92 CK High -0.85 5.95 234.14 -0.95 4.88 191.92 CK Avg -0.89 -0.84 5.91 232.50 -0.95 -0.92 4.88 191.92 Essex Cty -0.90 5.90 232.17 -0.95 4.88 191.92 Mdsx Low -0.90 5.90 232.17 -0.95 4.88 191.92 Mdsx High -0.90 5.90 232.17 -0.95 4.88 191.92 Mdsx Avg -0.90 -0.84 5.90 232.17 -0.95 -0.92 4.88 191.92 Hensall -0.90 5.90 232.17 -0.95 4.88 191.92 Bruce -0.90 5.90 232.17 -0.95 4.88 191.92 Putnam -0.90 5.90 232.17 -0.95 4.88 191.92 Princeton -0.90 5.90 232.17 -0.95 4.88 191.92 Durham -0.95 5.85 230.21 -1.00 4.83 189.95 Norfolk -0.85 5.95 234.14 -0.95 4.88 191.92 Trenton -0.95 5.85 230.21 -0.95 4.88 191.92 Winchester -0.90 5.90 232.17 -0.90 4.93 193.89 North Gower -0.93 5.87 230.99 -0.95 4.88 191.92 Huron FOB -0.90 5.90 232.17 -0.93 4.90 192.71 Kent FOB -0.85 5.95 234.14 -0.95 4.88 191.92 Lamb FOB -0.85 5.95 234.14 -0.95 4.88 191.92 Mdsx FOB -0.90 -0.90 -0.85N/A 5.90 232.17 -0.90 4.93 193.89 FOB SW Que -0.48 6.32 248.71 -0.70 5.13 201.76 Track -0.53 6.27 246.94N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.08 199.79 Jhnstwn-Eth N/A N/A N/A N/A -0.65 5.18 203.73 Aylmer-Eth N/A -0.95 -0.85N/A N/A Sarn-Eth -0.70 -0.70 -0.70 -0.60 6.10 240.05N/A Cllngwd-Eth -0.70N/A N/A N/A 6.10 240.05-0.70* 5.13 201.76 Kwrth-Eth N/A -0.90N/A N/A N/A London-Cas N/A N/A -0.65 -0.65 -0.65 5.18 203.73 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.33 209.64 Cardnl-Cas N/A N/A N/A N/A -0.50 5.33 209.64 W O Feed -0.51 -0.50 6.28 247.37 US Rep 0.10 0.11 6.90 271.54 Toledo El. -0.12 6.68 262.92 -0.47 5.36 210.93 TRANSFER Sarnia -0.90 5.90 232.17 -0.95 4.88 191.92 Pt. Stanley -0.91 5.89 231.78 -1.07 4.76187 1/5 Hamilton -0.83 5.97 234.93 -0.62 5.21205 MID SD CRN -0.87 1/2 5.92 1/4 HI SD CRN -0.85 5.94 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9859 up 0.0029 Chicago soybeans closed sharply lower to limit down. MAR11 HI 13.85 3/4 NOV11 HI 13.59 1/4 LOW 12.98 LOW 12.72 CLOSE12.98 Down 70 CLOSE 12.74 Down 68 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAY1+JUL11 CK Low -1.17 11.81 433.94-1.35 11.39 418.51 CK High -1.12 11.86 435.78-1.25 11.49 422.19 CK Average -1.15 -1.0411.83 434.75-1.32-1.2511.42 419.61 Essex Cty -1.10 11.88 436.52-1.27 11.47 421.45 Mdsx Low -1.15 11.83 434.68-1.40 11.34 416.67 Mdsx High -1.13 11.85 435.41-1.30 11.44 420.35 Mdsx Average -1.14 -1.0311.84 435.17-1.34-1.2711.40 418.88 Hensall -1.15 11.83 434.68-1.38 11.37 417.59 Bruce -1.15 11.83 434.68-1.40 11.34 416.67 Putnam -1.15 11.83 434.68-1.40 11.34 416.67 Princeton -1.06 11.92 437.99-1.27 11.47 421.45 Durham -1.22 11.76 432.11-1.32 11.42 419.61 Norfolk -1.09 11.89 436.88-1.32 11.42 419.61 Trenton -1.35 11.63 427.33-1.30 11.44 420.35 Winchester -1.18 11.80 433.58-1.15 11.59 425.86 North Gower -1.00 11.98 440.19-1.10 11.64 427.70 Huron FOB -1.00 11.98 440.19-1.25 11.49 422.19 Kent FOB -1.14 11.84 435.05-1.38 11.36 417.41 Lambton FOB -1.14 11.84 435.05-1.38 11.36 417.41 Middlesex FOB-1.00-0.95-0.90 N/A 11.98 440.19-1.00 11.74 431.37 PROCESSORS Hamilton -0.65-0.65-0.60-0.60 12.33 453.05-0.55 12.19 447.91 Windsor -0.56-0.56-0.65-0.64 12.42 456.36-0.77 11.97 439.82 Winchester -1.07 11.91 437.62-1.10 11.64 427.70 TRANSFER Hamilton -0.90 N/A N/A N/A 12.08 443.86-0.60 12.14 446.07 Pt. Stanley -1.30 11.68 429.17-1.05 11.69 429.53 Sarnia -0.85 12.13 445.70-0.76 11.98 440.19 Owen Sound N/A N/A Sorel QC -0.38 12.60 462.97-0.35 12.39 455.25 Toledo El. -0.23 12.75 468.55-0.48 12.26 450.58 Bank of Canada Noon exchange rate was 0.9859 up 0.0029 Chicago wheat closed limit down. MAR11 HI 8.35 1/2 JUL11 HI 8.98 LOW 7.62 1/4 LOW 8.26 CLOSE 7.62 1/4 Down 60 CLOSE 8.26 Down 60 Minni wheat closed sharply lower. MAR11 HI 9.65 1/2 SEP11 HI 9.86 LOW 8.99 LOW 9.20 CLOSE 9.04 3/4 Down 50 3/4 CLOSE 9.26 Down 49 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.66 -0.26 -0.66 -0.57 CAD $/bu 6.96 7.36 6.96 8.48 CAD $/tonne 255.91 270.49 255.91 311.48 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 -0.80 -1.10 N/A -1.28 -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 -1.11 N/A N/A N/A -2.28 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 -0.82 -1.10 N/A N/A -1.37 -2.20 N/A Brigden N/A -0.82 -1.10 N/A N/A -1.37 -2.20 N/A Palmerston N/A -0.60 -1.15 -0.54 N/A -1.20 -2.18 -0.83 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 -1.69 North Gower N/A N/A N/A N/A N/A N/A N/A -1.10 TERMINAL Sarnia -0.83 -0.29 -0.69 N/A -1.16 -0.92 -1.81 N/A Hamilton N/A N/A -0.50 N/A N/A N/A -1.30 N/A Pt. Stanley N/A N/A -0.95 N/A N/A N/A -1.75 N/A PROCESSORS Toledo FM N/A 0.73 -0.16 N/A 0.20 0.15 -0.64 N/A Toledo El. 7.39US 7.33CA 7.53US 7.49CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.09 -0.74 -1.69 -0.90 CAD $/bu 7.17 7.52 6.57 8.36 CAD $/tonne 263.37 276.15 241.45 307.20 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 295.00 Bayport Oats 320.00 Bayport Barley 255.00 FOB Hm Soymeal 369.83 - 375.34 DDG's FOB Srn, Wndr, Aylm 195.00 - 215.00