FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9734 down 0.0009 Chicago corn closed mixed. MAY11 HI 7.40 3/4 DEC11 HI 6.11 1/2 LOW 7.07 LOW 5.95 1/2 CLOSE7.21 1/2 Down 14 CLOSE 6.05 1/2 Up 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 -0.95 6.27 246.64 -1.00 5.06 199.01 CK High -0.93 6.29 247.43 -0.95 5.11 200.97 CK Avg -0.94 -0.74 6.28 247.04 -0.99 -0.83 5.07 199.47 Essex Cty -0.95 6.27 246.64 -0.95 5.11 200.97 Mdsx Low -0.95 6.27 246.64 -1.00 5.06 199.01 Mdsx High -0.93 6.29 247.43 -0.95 5.11 200.97 Mdsx Avg -0.94 -0.75 6.27 246.90 -0.98 -0.83 5.07 199.66 Hensall -0.94 6.28 247.04 -1.00 5.06 199.01 Bruce -0.93 6.29 247.43 -1.00 5.06 199.01 Putnam -0.93 6.29 247.43 -1.00 5.06 199.01 Princeton -0.95 6.27 246.64 -0.95 5.11 200.97 Durham -1.00 6.22 244.67 -1.05 5.01 197.04 Norfolk -0.93 6.29 247.43 -0.98 5.08 199.79 Trenton -1.00 6.22 244.67 -0.95 5.11 200.97 Winchester -0.90 6.32 248.61 -0.90 5.16 202.94 North Gower -0.95 6.27 246.64 -0.85 5.21 204.91 Huron FOB -0.90 6.32 248.61 -1.00 5.06 199.01 Kent FOB -0.93 6.29 247.43 -0.98 5.08 199.79 Lamb FOB -0.93 6.29 247.43 -0.98 5.08 199.79 Mdsx FOB -0.90 -0.85 -0.90N/A 6.32 248.61 -1.00 5.06 199.01 FOB SW Que -0.65 6.57 258.45 -0.75 5.31 208.85 Track -0.59 6.63 260.81N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.31 208.85 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.31 208.85 Aylmer-Eth N/A -0.75 -0.75 -0.75 N/A Sarn-Eth -0.70 -0.70 -0.60 -0.60 6.52 256.48N/A Cllngwd-Eth -0.75N/A N/A N/A 6.47 254.52-0.70* 5.36 210.82 Kwrth-Eth -0.75N/A N/A N/A 6.47 254.52N/A London-Cas N/A -0.65 -0.65 -0.65 -0.65 5.41 212.79 Pt.Colb-Cas N/A N/A N/A N/A -0.55 5.51 216.72 Cardnl-Cas N/A N/A N/A N/A -0.50 5.56 218.69 W O Feed -0.58 -0.55 6.64 261.21 US Rep -0.20 -0.17 7.02 276.17 Toledo El. -0.18 7.04 277.15 -0.46 5.60 220.34 TRANSFER Sarnia -0.95 6.27 246.64 -0.95 5.11 200.97 Pt. Stanley -0.93 6.29 247.43 -0.97 5.09200 1/5 Hamilton -0.59 6.63 260.81 -0.73 5.33209 5/8 MID SD CRN -0.94 6.27 1/2 HI SD CRN -0.93 6.28 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9734 down 0.0009 Chicago soybeans closed moderately higher. MAY11 HI 13.99 NOV11 HI 13.49 1/2 LOW 13.72 LOW 13.25 1/2 CLOSE13.94 1/4 Up 19 CLOSE 13.45 3/4 Up 17 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.31 12.63 464.16-1.50 11.96 439.36 CK High -1.20 12.74 468.21-1.45 12.01 441.20 CK Average -1.25 -0.8712.69 466.30-1.48-1.1311.98 440.24 Essex Cty -1.15 12.79 470.04-1.36 12.10 444.51 Mdsx Low -1.27 12.67 465.63-1.50 11.96 439.36 Mdsx High -1.20 12.74 468.21-1.42 12.04 442.30 Mdsx Average -1.22 -0.8412.72 467.35-1.45-1.1112.01 441.32 Hensall -1.23 12.72 467.29-1.50 11.96 439.36 Bruce -1.20 12.74 468.21-1.50 11.96 439.36 Putnam -1.20 12.74 468.21-1.50 11.96 439.36 Princeton -1.20 12.74 468.21-1.41 12.05 442.67 Durham -1.33 12.61 463.43-1.44 12.02 441.57 Norfolk -1.17 12.77 469.31-1.45 12.01 441.20 Trenton -1.45 12.49 459.02-1.40 12.06 443.04 Winchester -1.40 12.54 460.86-1.29 12.17 447.08 North Gower -1.40 12.54 460.86-1.30 12.16 446.71 Huron FOB -1.15 12.79 470.04-1.40 12.06 443.04 Kent FOB -1.22 12.72 467.47-1.50 11.96 439.36 Lambton FOB -1.22 12.72 467.47-1.50 11.96 439.36 Middlesex FOB-1.10-1.09-1.04 N/A 12.84 471.73-1.16 12.30 451.86 PROCESSORS Hamilton -0.85-0.80-0.80-0.75 13.09 481.07-0.80 12.66 465.08 Windsor -0.77-0.77-0.77-0.79 13.17 484.01-1.01 12.45 457.37 Winchester -1.30 12.64 464.53-1.19 12.27 450.75 TRANSFER Hamilton -0.90 N/A N/A N/A 13.04 479.23-0.80 12.66 465.08 Pt. Stanley -1.35 12.59 462.70-1.25 12.21 448.55 Sarnia -0.95 12.99 477.39-0.91 12.55 461.04 Owen Sound N/A N/A Sorel QC -0.50 13.44 493.93-0.45 13.01 477.94 Toledo El. -0.24 13.70 503.36-0.47 12.99 477.29 Bank of Canada Noon exchange rate was 0.9734 down 0.0009 Chicago wheat closed narrowly mixed. MAY11 HI 8.31 3/4 JUL11 HI 8.58 1/4 LOW 7.96 1/4 LOW 8.25 CLOSE 8.11 1/4 Up 1 CLOSE 8.39 3/4 Down 1 Minni wheat closed slightly higher. MAY11 HI 9.61 1/2 SEP11 HI 9.63 1/4 LOW 9.27 1/4 LOW 9.33 1/2 CLOSE 9.40 1/2 Up 1 CLOSE 9.47 Up 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.05 -0.56 -1.05 -0.68 CAD $/bu 7.06 7.55 7.06 8.73 CAD $/tonne 259.56 277.43 259.56 320.76 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 -0.96 -0.71 -1.25 N/A -1.37 -1.41 -2.20 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 -1.30 N/A N/A N/A -2.20 N/A Norwich -0.85 N/A -1.20 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 -0.85 N/A -1.20 N/A -1.10 N/A -2.15 N/A Chatham N/A -0.50 -1.26 N/A N/A -1.39 -2.19 N/A Brigden N/A -0.50 -1.26 N/A N/A -1.39 -2.19 N/A Palmerston N/A -0.59 -1.34 -0.17 N/A -1.07 -2.18 -0.96 Mitchell -0.85 -0.75 -1.20 N/A -1.20 -1.25 -2.15 N/A Thornton N/A N/A N/A -1.53 N/A N/A N/A -1.70 North Gower N/A N/A N/A N/A N/A N/A N/A -1.34 TERMINAL Sarnia -1.21 -0.53 -1.02 N/A -1.25 -0.90 -1.79 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 0.23 -0.66 N/A 0.03 -0.02 -0.80 N/A Toledo El. 7.58US 7.38CA 7.67US 7.47CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.14 -0.80 -1.72 -0.97 CAD $/bu 7.26 7.60 6.67 8.50 CAD $/tonne 266.71 279.25 245.23 312.29 (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 390.67 - 393.97 DDG's FOB Srn, Wndr, Aylm 190.00 - 205.00