FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 24 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9842 down 0.0082 Chicago corn closed moderately lower. MAY11 HI 7.08 1/2 DEC11 HI 5.95 1/2 LOW 6.90 1/2 LOW 5.81 1/4 CLOSE6.96 1/2 Down 5 3/4 CLOSE 5.83 Down 8 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY11+JUL11+JUL11 CK Low -1.00 5.97 234.83 -0.95 4.88 192.12 CK High -0.95 6.02 236.80 -0.95 4.88 192.12 CK Avg -0.97 -0.85 6.00 236.14 -0.95 -0.87 4.88 192.12 Essex Cty -1.00 5.97 234.83 -0.95 4.88 192.12 Mdsx Low -1.00 5.97 234.83 -0.95 4.88 192.12 Mdsx High -0.95 6.02 236.80 -0.95 4.88 192.12 Mdsx Avg -0.97 -0.85 6.00 236.14 -0.95 -0.87 4.88 192.12 Hensall -0.95 6.02 236.80 -0.95 4.88 192.12 Bruce -0.95 6.02 236.80 -0.95 4.88 192.12 Putnam -0.95 6.02 236.80 -0.95 4.88 192.12 Princeton -1.00 5.97 234.83 -0.95 4.88 192.12 Durham -0.95 6.02 236.80 -1.00 4.83 190.15 Norfolk -0.95 6.02 236.80 -0.95 4.88 192.12 Trenton -1.05 5.92 232.86 -0.95 4.88 192.12 Winchester -1.00 5.97 234.83 -0.90 4.93 194.09 North Gower -1.03 5.94 233.65 -0.95 4.88 192.12 Huron FOB -0.90 6.07 238.77 -0.95 4.88 192.12 Kent FOB -0.95 6.02 236.80 -0.95 4.88 192.12 Lamb FOB -0.95 6.02 236.80 -0.95 4.88 192.12 Mdsx FOB -0.95 -0.90 -0.95N/A 6.02 236.80 -0.95 4.88 192.12 FOB SW Que -0.55 6.42 252.55 -0.70 5.13 201.96 Track -0.60 6.37 250.58N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.08 199.99 Jhnstwn-Eth N/A N/A N/A N/A -0.65 5.18 203.93 Aylmer-Eth N/A N/A -0.70 -0.70 N/A Sarn-Eth -0.80 -0.70 -0.70 -0.60 6.17 242.71N/A Cllngwd-Eth -0.80N/A N/A N/A 6.17 242.71-0.70* 5.13 201.96 Kwrth-Eth N/A -0.75N/A N/A N/A London-Cas N/A N/A -0.65 -0.65 -0.65 5.18 203.93 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.33 209.83 Cardnl-Cas N/A N/A N/A N/A -0.50 5.33 209.83 W O Feed -0.59 -0.58 6.37 250.82 US Rep -0.20 -0.18 6.77 266.33 Toledo El. -0.22 6.75 265.68 -0.46 5.37 211.28 TRANSFER Sarnia -1.00 5.97 234.83 -0.95 4.88 192.12 Pt. Stanley -1.05 5.92 232.86 -1.00 4.83190 1/7 Hamilton -0.60 6.37 250.58 -0.65 5.18204 MID SD CRN -0.97 1/2 5.99 HI SD CRN -0.95 6.01 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9842 down 0.0082 Chicago soybeans closed slightly lower. MAY11 HI 13.36 3/4 NOV11 HI 13.02 1/2 LOW 13.10 1/4 LOW 12.72 CLOSE13.29 1/4 Down 2 1/4 CLOSE 12.86 1/4 Down 9 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.26 12.03 442.12-1.35 11.51 423.01 CK High -1.20 12.09 444.32-1.30 11.56 424.85 CK Average -1.23 -1.0112.06 443.22-1.34-1.1511.53 423.53 Essex Cty -1.16 12.13 445.79-1.34 11.52 423.38 Mdsx Low -1.27 12.02 441.75-1.36 11.50 422.64 Mdsx High -1.20 12.09 444.32-1.28 11.58 425.58 Mdsx Average -1.24 -1.0112.06 442.98-1.33-1.1511.53 423.75 Hensall -1.20 12.09 444.32-1.35 11.51 423.01 Bruce -1.20 12.09 444.32-1.35 11.51 423.01 Putnam -1.20 12.09 444.32-1.35 11.51 423.01 Princeton -1.19 12.10 444.69-1.29 11.57 425.22 Durham -1.23 12.06 443.22-1.30 11.56 424.85 Norfolk -1.15 12.14 446.16-1.34 11.52 423.38 Trenton -1.40 11.89 436.97-1.30 11.56 424.85 Winchester -1.30 11.99 440.65-1.19 11.67 428.89 North Gower -1.10 12.19 448.00-1.10 11.76 432.20 Huron FOB -1.10 12.19 448.00-1.25 11.61 426.69 Kent FOB -1.20 12.09 444.32-1.40 11.46 421.17 Lambton FOB -1.20 12.09 444.32-1.40 11.46 421.17 Middlesex FOB-1.04-0.99-0.94 N/A 12.25 450.20-1.02 11.84 435.14 PROCESSORS Hamilton -0.70-0.70-0.65-0.65 12.59 462.70-0.65 12.21 448.73 Windsor -0.68-0.60-0.69-0.69 12.61 463.43-0.86 12.00 441.02 Winchester -1.08 12.21 448.73-1.00 11.86 435.87 TRANSFER Hamilton -0.74 N/A N/A N/A 12.55 461.23-0.68 12.18 447.63 Pt. Stanley -1.47 11.82 434.40-1.13 11.73 431.10 Sarnia -0.88 12.41 456.08-0.79 12.07 443.59 Owen Sound N/A N/A Sorel QC -0.55 12.74 468.21-0.40 12.46 457.92 Toledo El. -0.30 12.99 477.22-0.47 12.39 455.23 Bank of Canada Noon exchange rate was 0.9842 down 0.0082 Chicago wheat closed moderately lower. MAR11 HI 7.69 1/2 JUL11 HI 8.37 1/4 LOW 7.41 LOW 8.09 CLOSE 7.47 1/4 Down 15 3/4 CLOSE 8.14 1/4 Down 17 Minni wheat closed moderately lower. MAR11 HI 9.12 SEP11 HI 9.32 1/4 LOW 8.88 3/4 LOW 9.12 1/2 CLOSE 8.93 3/4 Down 13 CLOSE 9.15 3/4 Down 13 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.72 -0.32 -0.72 -0.64 CAD $/bu 6.76 7.15 6.76 8.30 CAD $/tonne 248.28 262.73 248.28 304.81 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 -0.60 -1.05 N/A N/A -1.25 -2.15 N/A London -0.87 -0.82 -1.12 N/A -1.29 -1.34 -2.18 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 -1.15 N/A N/A N/A -2.32 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 -0.84 -1.12 N/A N/A -1.34 -2.17 N/A Brigden N/A -0.84 -1.12 N/A N/A -1.34 -2.17 N/A Palmerston N/A -0.55 -1.10 -0.49 N/A -1.15 -2.13 -0.77 Mitchell -0.70 -0.60 -1.05 N/A -1.20 -1.25 -2.15 N/A Thornton N/A N/A N/A -1.41 N/A N/A N/A -1.72 North Gower N/A N/A N/A N/A N/A N/A N/A -1.10 TERMINAL Sarnia -0.86 -0.22 -0.71 N/A -1.18 -0.88 -1.82 N/A Hamilton N/A N/A -0.22 N/A N/A N/A -1.30 N/A Pt. Stanley N/A N/A -1.00 N/A N/A N/A -1.70 N/A PROCESSORS Toledo FM N/A 0.66 -0.22 N/A 0.13 0.08 -0.71 N/A Toledo El. 7.29US 7.17CA 7.41US 7.31CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.15 -0.81 -1.74 -0.97 CAD $/bu 6.99 7.34 6.40 8.19 CAD $/tonne 256.88 269.56 235.15 300.89 (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 375.23 - 383.50 DDG's FOB Srn, Wndr, Aylm 190.00 - 215.00