FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, March 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9747 up 0.0013 Chicago corn closed higher. MAY11 HI 7.36 3/4 DEC11 HI 6.15 3/4 LOW 7.18 LOW 6.02 CLOSE7.36 3/4 Up 15 1/4 CLOSE 6.15 3/4 Up 10 1/4 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 6.42 252.65 -1.00 5.16 203.04 CK High -0.93 6.44 253.43 -0.98 5.18 203.83 CK Avg -0.94 -0.74 6.43 253.04 -1.00 -0.84 5.16 203.17 Essex Cty -0.95 6.42 252.65 -1.00 5.16 203.04 Mdsx Low -0.95 6.42 252.65 -1.00 5.16 203.04 Mdsx High -0.93 6.44 253.43 -1.00 5.16 203.04 Mdsx Avg -0.94 -0.74 6.42 252.91 -1.00 -0.84 5.16 203.04 Hensall -0.94 6.43 253.04 -1.00 5.16 203.04 Bruce -0.93 6.44 253.43 -1.00 5.16 203.04 Putnam -0.93 6.44 253.43 -1.00 5.16 203.04 Princeton -0.95 6.42 252.65 -1.00 5.16 203.04 Durham -1.00 6.37 250.68 -1.05 5.11 201.07 Norfolk -0.93 6.44 253.43 -0.98 5.18 203.83 Trenton -1.00 6.37 250.68 -0.95 5.21 205.01 Winchester -0.90 6.47 254.61 -0.90 5.26 206.98 North Gower -0.95 6.42 252.65 -0.85 5.31 208.95 Huron FOB -0.90 6.47 254.61 -1.00 5.16 203.04 Kent FOB -0.93 6.44 253.43 -0.98 5.18 203.83 Lamb FOB -0.93 6.44 253.43 -0.98 5.18 203.83 Mdsx FOB -0.90 -0.85 -0.90N/A 6.47 254.61 -1.00 5.16 203.04 FOB SW Que -0.62 6.75 265.64 -0.71 5.45 214.46 Track -0.52 6.85 269.77N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.41 212.88 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.41 212.88 Aylmer-Eth N/A -0.75 -0.75 -0.75 N/A Sarn-Eth -0.70 -0.70 -0.60 -0.60 6.67 262.49N/A Cllngwd-Eth -0.75N/A N/A N/A 6.62 260.52-0.70* 5.46 214.85 Kwrth-Eth -0.75N/A N/A N/A 6.62 260.52N/A London-Cas N/A -0.65 -0.65 -0.65 -0.65 5.51 216.82 Pt.Colb-Cas N/A N/A N/A N/A -0.55 5.61 220.76 Cardnl-Cas N/A N/A N/A N/A -0.50 5.66 222.73 W O Feed -0.56 -0.54 6.81 268.00 US Rep -0.15 -0.13 7.22 284.14 Toledo El. -0.18 7.19 283.16 -0.46 5.70 224.38 TRANSFER Sarnia -0.95 6.42 252.65 -1.00 5.16 203.04 Pt. Stanley -0.93 6.44 253.43 -0.97 5.19204 2/9 Hamilton -0.59 6.78 266.82 -0.73 5.43213 2/3 MID SD CRN -0.94 6.42 3/4 HI SD CRN -0.93 6.43 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9747 up 0.0013 Chicago soybeans closed moderately higher. MAY11 HI 14.14 1/2 NOV11 HI 13.65 LOW 13.84 1/2 LOW 13.35 3/4 CLOSE14.12 Up 17 3/4 CLOSE 13.62 1/2 Up 16 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.26 12.86 472.52-1.50 12.13 445.52 CK High -1.20 12.92 474.73-1.40 12.23 449.19 CK Average -1.23 -0.8412.89 473.55-1.46-1.1112.16 446.84 Essex Cty -1.18 12.94 475.46-1.38 12.25 449.93 Mdsx Low -1.27 12.85 472.16-1.50 12.13 445.52 Mdsx High -1.20 12.92 474.73-1.38 12.25 449.93 Mdsx Average -1.22 -0.8312.90 473.87-1.43-1.0812.19 447.97 Hensall -1.23 12.90 473.81-1.50 12.13 445.52 Bruce -1.20 12.92 474.73-1.50 12.13 445.52 Putnam -1.20 12.92 474.73-1.50 12.13 445.52 Princeton -1.15 12.97 476.57-1.40 12.23 449.19 Durham -1.33 12.79 469.95-1.40 12.23 449.19 Norfolk -1.15 12.97 476.57-1.43 12.20 448.09 Trenton -1.45 12.67 465.54-1.40 12.23 449.19 Winchester -1.40 12.72 467.38-1.29 12.34 453.23 North Gower -1.40 12.72 467.38-1.30 12.33 452.87 Huron FOB -1.15 12.97 476.57-1.40 12.23 449.19 Kent FOB -1.20 12.92 474.73-1.48 12.15 446.25 Lambton FOB -1.20 12.92 474.73-1.48 12.15 446.25 Middlesex FOB-1.14-1.09 N/A N/A 12.98 476.93-1.16 12.47 458.01 PROCESSORS Hamilton -0.85-0.80-0.80-0.75 13.27 487.59-0.75 12.88 473.08 Windsor -0.75-0.75-0.75-0.79 13.37 491.26-1.02 12.61 463.15 Winchester -1.30 12.82 471.05-1.19 12.44 456.91 TRANSFER Hamilton -0.90 N/A N/A N/A 13.22 485.75-0.80 12.83 471.24 Pt. Stanley -1.35 12.77 469.22-1.25 12.38 454.70 Sarnia -0.98 13.14 482.81-0.90 12.73 467.56 Owen Sound N/A N/A Sorel QC -0.50 13.62 500.45-0.43 13.20 484.83 Toledo El. -0.24 13.88 509.89-0.47 13.16 483.45 Bank of Canada Noon exchange rate was 0.9747 up 0.0013 Chicago wheat closed moderately higher. MAY11 HI 8.26 1/2 JUL11 HI 8.55 1/4 LOW 8.04 1/2 LOW 8.33 CLOSE 8.23 1/2 Up 12 1/4 CLOSE 8.53 Up 13 1/4 Minni wheat closed slightly to moderately higher. MAY11 HI 9.56 SEP11 HI 9.60 1/2 LOW 9.36 LOW 9.46 1/2 CLOSE 9.51 1/2 Up 11 CLOSE 9.56 1/4 Up 9 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.05 -0.57 -1.05 -0.68 CAD $/bu 7.18 7.67 7.18 8.83 CAD $/tonne 263.83 281.70 263.83 324.57 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 -0.65 -1.25 N/A N/A -1.25 -2.15 N/A London -0.96 -0.71 -1.20 N/A -1.37 -1.41 -2.15 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 -1.29 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 -1.24 N/A N/A -1.39 -2.12 N/A Brigden N/A -0.50 -1.24 N/A N/A -1.39 -2.12 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 -1.50 N/A N/A N/A -1.66 North Gower N/A N/A N/A N/A N/A N/A N/A -1.34 TERMINAL Sarnia -1.21 -0.53 -1.97 N/A -1.10 -0.91 -1.74 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 -0.80 N/A Toledo El. 7.73US 7.51CA 7.80US 7.60CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.15 -0.80 -1.73 -0.98 CAD $/bu 7.38 7.73 6.80 8.58 CAD $/tonne 271.33 283.86 249.85 315.44 (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 399.59 - 401.80 DDG's FOB Srn, Wndr, Aylm 190.00 - 205.00