FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9714 down 0.0033 Chicago corn closed moderately lower. MAY11 HI 7.42 DEC11 HI 6.16 1/2 LOW 7.23 1/4 LOW 6.04 CLOSE7.28 Down 8 3/4 CLOSE 6.09 1/2 Down 6 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 6.33 249.20 -1.00 5.10 200.58 CK High -0.93 6.35 249.99 -0.98 5.12 201.37 CK Avg -0.94 -0.74 6.34 249.59 -1.00 -0.84 5.10 200.71 Essex Cty -0.95 6.33 249.20 -1.00 5.10 200.58 Mdsx Low -0.95 6.33 249.20 -1.00 5.10 200.58 Mdsx High -0.93 6.35 249.99 -1.00 5.10 200.58 Mdsx Avg -0.94 -0.75 6.34 249.46 -1.00 -0.85 5.10 200.58 Hensall -0.94 6.34 249.59 -1.00 5.10 200.58 Bruce -0.93 6.35 249.99 -1.00 5.10 200.58 Putnam -0.93 6.35 249.99 -1.00 5.10 200.58 Princeton -0.95 6.33 249.20 -1.00 5.10 200.58 Durham -1.00 6.28 247.23 -1.05 5.05 198.61 Norfolk -0.93 6.35 249.99 -0.98 5.12 201.37 Trenton -1.00 6.28 247.23 -0.95 5.15 202.55 Winchester -0.90 6.38 251.17 -0.95 5.15 202.55 North Gower -0.95 6.33 249.20 -0.85 5.25 206.49 Huron FOB -0.90 6.38 251.17 -1.00 5.10 200.58 Kent FOB -0.93 6.35 249.99 -0.98 5.12 201.37 Lamb FOB -0.93 6.35 249.99 -0.98 5.12 201.37 Mdsx FOB -0.90 -0.85 -0.90N/A 6.38 251.17 -1.00 5.10 200.58 FOB SW Que -0.65 6.63 261.01 -0.70 5.40 212.39 Track -0.52 6.77 266.33N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.75 5.35 210.42 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.35 210.42 Aylmer-Eth N/A -0.75 -0.75 -0.75 N/A Sarn-Eth -0.70 -0.70 -0.60 -0.60 6.58 259.04N/A Cllngwd-Eth -0.75N/A N/A N/A 6.53 257.07-0.70* 5.40 212.39 Kwrth-Eth -0.75N/A N/A N/A 6.53 257.07N/A London-Cas N/A -0.65 -0.65 -0.65 -0.65 5.45 214.36 Pt.Colb-Cas N/A N/A N/A N/A -0.55 5.55 218.30 Cardnl-Cas N/A N/A N/A N/A -0.50 5.60 220.27 W O Feed -0.56 -0.53 6.72 264.55 US Rep -0.15 -0.12 7.13 280.70 Toledo El. -0.18 7.10 279.71 -0.46 5.64 221.92 TRANSFER Sarnia -0.95 6.33 249.20 -1.00 5.10 200.58 Pt. Stanley -0.93 6.35 249.99 -0.97 5.13201 3/4 Hamilton -0.59 6.69 263.37 -0.73 5.37211 1/5 MID SD CRN -0.94 6.34 HI SD CRN -0.93 6.35 *Wet Bid Bank of Canada Noon exchange rate was 0.9714 down 0.0033 Chicago soybeans closed narrowly mixed. MAY11 HI 14.24 1/4 NOV11 HI 13.70 LOW 13.95 3/4 LOW 13.45 1/4 CLOSE14.14 Up 2 CLOSE 13.61 Down 1 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.30 12.84 471.79-1.50 12.11 444.97 CK High -1.20 12.94 475.46-1.40 12.21 448.64 CK Average -1.24 -0.8612.90 473.85-1.47-1.1212.14 446.22 Essex Cty -1.18 12.96 476.20-1.38 12.23 449.38 Mdsx Low -1.28 12.86 472.52-1.50 12.11 444.97 Mdsx High -1.20 12.94 475.46-1.38 12.23 449.38 Mdsx Average -1.23 -0.8412.91 474.48-1.43-1.0912.18 447.42 Hensall -1.23 12.92 474.55-1.50 12.11 444.97 Bruce -1.20 12.94 475.46-1.50 12.11 444.97 Putnam -1.20 12.94 475.46-1.50 12.11 444.97 Princeton -1.15 12.99 477.30-1.40 12.21 448.64 Durham -1.29 12.85 472.16-1.40 12.21 448.64 Norfolk -1.16 12.98 476.93-1.44 12.17 447.17 Trenton -1.45 12.69 466.28-1.40 12.21 448.64 Winchester -1.40 12.74 468.11-1.33 12.28 451.21 North Gower -1.40 12.74 468.11-1.30 12.31 452.32 Huron FOB -1.15 12.99 477.30-1.40 12.21 448.64 Kent FOB -1.21 12.93 475.10-1.49 12.12 445.33 Lambton FOB -1.21 12.93 475.10-1.49 12.12 445.33 Middlesex FOB-1.14-1.10-1.05 N/A 13.00 477.67-1.07 12.54 460.77 PROCESSORS Hamilton -0.90-0.85-0.85-0.80 13.24 486.49-0.80 12.81 470.69 Windsor -0.75-0.75-0.75-0.79 13.39 492.00-1.01 12.60 462.97 Winchester -1.30 12.84 471.79-1.19 12.42 456.36 TRANSFER Hamilton -0.90 N/A N/A N/A 13.24 486.49-0.80 12.81 470.69 Pt. Stanley -1.35 12.79 469.95-1.25 12.36 454.15 Sarnia -0.98 13.16 483.55-0.90 12.71 467.01 Owen Sound N/A N/A Sorel QC -0.55 13.59 499.35-0.45 13.16 483.55 Toledo El. -0.24 13.90 510.62-0.47 13.14 482.89 Bank of Canada Noon exchange rate was 0.9714 down 0.0033 Chicago wheat closed slightly higher. MAY11 HI 8.37 1/2 JUL11 HI 8.64 1/2 LOW 8.13 3/4 LOW 8.42 1/2 CLOSE 8.32 1/4 Up 8 3/4 CLOSE 8.60 Up 7 Minni wheat closed slightly to moderately higher. MAY11 HI 9.70 SEP11 HI 9.69 LOW 9.47 3/4 LOW 9.52 3/4 CLOSE 9.65 1/4 Up 13 3/4 CLOSE 9.65 3/4 Up 9 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 -0.57 -1.05 -0.68 CAD $/bu 7.27 7.76 7.27 8.97 CAD $/tonne 267.09 284.96 267.09 329.64 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 -0.70 -1.25 N/A N/A -1.25 -2.15 N/A London -0.96 -0.72 -1.16 N/A -1.37 -1.42 -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 -2.15 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 -1.25 N/A N/A -1.40 -2.13 N/A Brigden N/A -0.50 -1.25 N/A N/A -1.40 -2.13 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 -1.54 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 -1.97 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 -0.66 N/A 0.03 -0.02 -0.80 N/A Toledo El. 7.81US 7.60CA 7.87US 7.67CA 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 -1.73 -0.98 CAD $/bu 7.46 7.80 6.87 8.68 CAD $/tonne 273.97 286.50 252.48 319.00 (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 396.51 DDG's FOB Srn, Wndr, Aylm 190.00 - 205.00