FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 28 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9739 down 0.0070 Chicago corn closed slightly to moderately higher. MAY11 HI 7.31 3/4 DEC11 HI 6.07 LOW 7.16 1/4 LOW 5.97 1/2 CLOSE7.31 Up 9 CLOSE 6.06 3/4 Up 5 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY11+JUL11+JUL11 CK Low -0.95 6.36 250.38 -0.95 5.12 201.47 CK High -0.95 6.36 250.38 -0.95 5.12 201.47 CK Avg -0.95 -0.74 6.36 250.38 -0.95 -0.79 5.12 201.47 Essex Cty -0.95 6.36 250.38 -0.95 5.12 201.47 Mdsx Low -0.95 6.36 250.38 -0.95 5.12 201.47 Mdsx High -0.95 6.36 250.38 -0.95 5.12 201.47 Mdsx Avg -0.95 -0.74 6.36 250.38 -0.95 -0.79 5.12 201.47 Hensall -0.95 6.36 250.38 -0.95 5.12 201.47 Bruce -0.95 6.36 250.38 -0.95 5.12 201.47 Putnam -0.95 6.36 250.38 -0.95 5.12 201.47 Princeton -0.95 6.36 250.38 -0.95 5.12 201.47 Durham -1.00 6.31 248.41 -1.00 5.07 199.50 Norfolk -0.95 6.36 250.38 -0.95 5.12 201.47 Trenton -1.00 6.31 248.41 -0.95 5.12 201.47 Winchester -0.90 6.41 252.35 -0.90 5.17 203.44 North Gower -0.95 6.36 250.38 -0.85 5.22 205.40 Huron FOB -0.90 6.41 252.35 -0.95 5.12 201.47 Kent FOB -0.95 6.36 250.38 -0.95 5.12 201.47 Lamb FOB -0.95 6.36 250.38 -0.95 5.12 201.47 Mdsx FOB -0.90 -0.85 -0.90N/A 6.41 252.35 -0.95 5.12 201.47 FOB SW Que -0.55 6.76 266.13 -0.70 5.37 211.31 Track -0.60 6.71 264.16N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.32 209.34 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.32 209.34 Aylmer-Eth N/A -0.75 -0.75 -0.75 N/A Sarn-Eth -0.70 -0.70 -0.60 -0.60 6.61 260.22N/A Cllngwd-Eth -0.75N/A N/A N/A 6.56 258.26-0.70* 5.37 211.31 Kwrth-Eth -0.75N/A N/A N/A 6.56 258.26N/A London-Cas N/A -0.65 -0.65 -0.65 -0.65 5.42 213.28 Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.57 219.18 Cardnl-Cas N/A N/A N/A N/A -0.50 5.57 219.18 W O Feed -0.58 -0.55 6.73 264.95 US Rep -0.20 -0.17 7.11 279.91 Toledo El. -0.20 7.11 279.75 -0.46 5.61 220.85 TRANSFER Sarnia -0.95 6.36 250.38 -0.95 5.12 201.47 Pt. Stanley -0.91 6.40 251.96 -1.15 4.92193 3/5 Hamilton -0.57 6.74 265.34 -0.71 5.36211 MID SD CRN -0.95 6.36 HI SD CRN -0.95 6.36 *Wet Bid Bank of Canada Noon exchange rate was 0.9739 down 0.0070 Chicago soybeans closed slightly lower. MAY11 HI 13.80 1/4 NOV11 HI 13.36 1/4 LOW 13.57 3/4 LOW 13.15 1/2 CLOSE13.64 3/4 Down 10 1/4 CLOSE 13.24 3/4 Down 4 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.38 12.27 450.75-1.47 11.78 432.75 CK High -1.25 12.40 455.53-1.37 11.88 436.42 CK Average -1.28 -0.9012.36 454.28-1.41-1.0611.84 435.03 Essex Cty -1.16 12.49 458.84-1.31 11.94 438.63 Mdsx Low -1.36 12.29 451.49-1.41 11.84 434.95 Mdsx High -1.24 12.41 455.90-1.32 11.93 438.26 Mdsx Average -1.28 -0.9012.36 454.31-1.38-1.0311.87 436.18 Hensall -1.23 12.42 456.45-1.38 11.87 436.24 Bruce -1.25 12.40 455.53-1.40 11.85 435.32 Putnam -1.25 12.40 455.53-1.40 11.85 435.32 Princeton -1.21 12.44 457.00-1.34 11.91 437.53 Durham -1.35 12.30 451.86-1.43 11.82 434.22 Norfolk -1.14 12.51 459.57-1.42 11.83 434.59 Trenton -1.45 12.20 448.18-1.40 11.85 435.32 Winchester -1.40 12.25 450.02-1.29 11.96 439.36 North Gower -1.40 12.25 450.02-1.30 11.95 439.00 Huron FOB -1.10 12.55 461.04-1.25 12.00 440.83 Kent FOB -1.19 12.46 457.73-1.47 11.78 432.75 Lambton FOB -1.19 12.46 457.73-1.47 11.78 432.75 Middlesex FOB-1.11-1.16 N/A N/A 12.54 460.67-1.16 12.09 444.14 PROCESSORS Hamilton -0.90-0.85-0.85-0.80 12.75 468.39-0.80 12.45 457.37 Windsor -0.76-0.75-0.74-0.78 12.89 473.53-1.00 12.25 450.02 Winchester -1.08 12.57 461.78-1.00 12.25 450.02 TRANSFER Hamilton -0.85 N/A N/A N/A 12.80 470.23-0.80 12.45 457.37 Pt. Stanley -1.30 12.35 453.69-1.25 12.00 440.83 Sarnia -0.90 12.75 468.39-0.85 12.40 455.53 Owen Sound N/A N/A Sorel QC -0.55 13.10 481.25-0.40 12.85 472.06 Toledo El. -0.42 13.23 486.11-0.47 12.78 469.59 Bank of Canada Noon exchange rate was 0.9739 down 0.0070 Chicago wheat closed slightly higher. MAY11 HI 8.23 JUL11 HI 8.51 LOW 7.98 3/4 LOW 8.28 3/4 CLOSE 8.17 Up 5 3/4 CLOSE 8.48 1/4 Up 7 1/4 Minni wheat closed moderately higher. MAY11 HI 9.43 1/4 SEP11 HI 9.53 1/4 LOW 9.20 LOW 9.30 3/4 CLOSE 9.41 Up 12 1/2 CLOSE 9.50 1/2 Up 11 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.06 -0.57 -1.06 -0.68 CAD $/bu 7.11 7.60 7.11 8.73 CAD $/tonne 261.38 279.24 261.38 320.66 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 -1.20 -2.15 N/A London -1.28 -1.24 -1.53 N/A -1.37 -1.41 -2.25 N/A Hensall -0.85 N/A -1.20 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 -1.39 N/A N/A N/A -2.25 N/A Norwich -0.85 N/A -1.20 N/A -1.10 N/A -1.25 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.85 N/A -1.20 N/A -1.10 N/A -2.15 N/A Chatham N/A -0.50 -1.28 N/A N/A -1.39 -2.22 N/A Brigden N/A -0.50 -1.28 N/A N/A -1.39 -2.22 N/A Palmerston N/A -0.53 -1.29 -0.09 N/A -1.00 -2.14 -0.89 Mitchell -0.85 -0.75 -1.20 N/A -1.20 -1.25 -2.15 N/A Thornton N/A N/A N/A -1.55 N/A N/A N/A -0.73 North Gower N/A N/A N/A N/A N/A N/A N/A -1.34 TERMINAL Sarnia -1.16 -0.61 -0.96 N/A -1.16 -0.87 -1.81 N/A Hamilton N/A N/A -0.60 N/A N/A N/A -1.35 N/A Pt. Stanley N/A N/A -1.05 N/A N/A N/A -1.80 N/A PROCESSORS Toledo FM N/A 0.22 -0.67 N/A 0.02 -0.03 -0.81 N/A Toledo El. 7.64US 7.42CA 7.75US 7.55CA 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 -1.73 -0.98 CAD $/bu 7.34 7.68 6.75 8.53 CAD $/tonne 269.52 282.05 248.05 313.26 (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 387.91 - 391.22 DDG's FOB Srn, Wndr, Aylm 190.00 - 205.00