FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 16 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9918 up 0.0088 Chicago corn closed mixed. MAY11 HI 6.47 3/4 DEC11 HI 5.72 1/2 LOW 6.08 LOW 5.44 3/4 CLOSE6.16 1/2 Down 19 1/2 CLOSE 5.49 1/4 Up 1 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 5.22 205.31 -1.00 4.49 176.86 CK High -0.85 5.32 209.24 -1.00 4.49 176.86 CK Avg -0.90 -0.85 5.27 207.47 -1.00 -0.96 4.49 176.86 Essex Cty -0.95 5.22 205.31 -1.00 4.49 176.86 Mdsx Low -0.95 5.22 205.31 -1.00 4.49 176.86 Mdsx High -0.85 5.32 209.24 -1.00 4.49 176.86 Mdsx Avg -0.92 -0.87 5.25 206.62 -1.00 -0.96 4.49 176.86 Hensall -0.85 5.32 209.24 -1.00 4.49 176.86 Bruce -0.85 5.32 209.24 -1.00 4.49 176.86 Putnam -0.85 5.32 209.24 -1.00 4.49 176.86 Princeton -0.95 5.22 205.31 -1.00 4.49 176.86 Durham -1.00 5.17 203.34 -1.05 4.44 174.89 Norfolk -0.87 5.30 208.45 -1.00 4.49 176.86 Trenton -0.85 5.32 209.24 -1.00 4.49 176.86 Winchester -0.75 5.42 213.18 -0.95 4.54 178.83 North Gower -0.95 5.22 205.31 -0.85 4.64 182.77 Huron FOB -0.80 5.37 211.21 -1.00 4.49 176.86 Kent FOB -0.87 5.30 208.45 -1.00 4.49 176.86 Lamb FOB -0.87 5.30 208.45 -1.00 4.49 176.86 Mdsx FOB -0.90 -0.90 -0.90 -0.85 5.27 207.27 -1.00 4.49 176.86 FOB SW Que -0.30 5.87 230.89 -0.50 4.99 196.55 Track -0.53 5.64 222.04N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.80 4.69 184.74 Jhnstwn-Eth N/A N/A N/A N/A -0.75 4.74 186.70 Aylmer-Eth N/A -0.60 -0.60 -0.60 N/A Sarn-Eth -0.60 -0.50 -0.40 -0.40 5.57 219.08N/A Cllngwd-Eth -0.65N/A N/A N/A 5.52 217.12-0.70* 4.79 188.67 Kwrth-Eth N/A -0.45N/A N/A N/A London-Cas N/A N/A -0.70 -0.70 -0.70 4.79 188.67 Pt.Colb-Cas N/A N/A N/A N/A -0.65 4.84 190.64 Cardnl-Cas N/A N/A N/A N/A -0.50 4.99 196.55 W O Feed -0.48 -0.47 5.69 223.81 US Rep -0.15 -0.14 6.02 236.80 Toledo El. -0.20 5.97 234.89 -0.47 5.03 197.85 TRANSFER Sarnia -0.95 5.22 205.31 -1.00 4.49 176.86 Pt. Stanley -0.85 5.32 209.24 -0.90 4.59180 4/5 Hamilton -0.41 5.76 226.56 -0.66 4.83190 1/4 MID SD CRN -0.90 1 5.26 1/2 HI SD CRN -0.85 5.31 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9918 up 0.0088 Chicago soybeans closed moderately higher. MAY11 HI 13.08 NOV11 HI 12.79 LOW 12.73 1/2 LOW 12.42 3/4 CLOSE12.87 Up 17 CLOSE 12.50 3/4 Up 12 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.07 11.80 433.58-1.21 11.30 415.11 CK High -0.98 11.89 436.88-1.19 11.32 415.85 CK Average -1.02 -0.9311.85 435.41-1.20-1.1111.31 415.48 Essex Cty -0.97 11.90 437.25-1.13 11.38 418.05 Mdsx Low -1.01 11.86 435.78-1.20 11.31 415.48 Mdsx High -0.99 11.88 436.52-1.12 11.39 418.42 Mdsx Average -1.00 -0.9111.87 436.15-1.17-1.0811.34 416.70 Hensall -0.98 11.90 437.07-1.20 11.31 415.48 Bruce -0.95 11.92 437.99-1.20 11.31 415.48 Putnam -1.00 11.87 436.15-1.20 11.31 415.48 Princeton -1.02 11.85 435.41-1.17 11.34 416.58 Durham -1.00 11.87 436.15-1.20 11.31 415.48 Norfolk -0.90 11.97 439.82-1.14 11.37 417.68 Trenton -1.05 11.82 434.31-1.15 11.36 417.32 Winchester -1.02 11.85 435.41-1.06 11.45 420.62 North Gower -1.35 11.52 423.29-1.25 11.26 413.64 Huron FOB -0.85 12.02 441.66-1.10 11.41 419.15 Kent FOB -0.95 11.92 437.99-1.19 11.32 415.85 Lambton FOB -0.95 11.92 437.99-1.19 11.32 415.85 Middlesex FOB-0.79-0.79-0.76 N/A 12.08 443.86-0.87 11.64 427.60 PROCESSORS Hamilton -0.40-0.40-0.35-0.35 12.47 458.19-0.55 11.96 439.36 Windsor -0.35-0.35-0.35-0.40 12.52 460.03-0.64 11.87 436.06 Winchester -1.11 11.76 432.11-1.15 11.36 417.32 TRANSFER Hamilton -0.50 N/A N/A N/A 12.37 454.52-0.60 11.91 437.53 Pt. Stanley -0.95 11.92 437.99-1.10 11.41 419.15 Sarnia -0.67 12.20 448.27-0.63 11.88 436.42 Owen Sound N/A N/A Sorel QC -0.10 12.77 469.22-0.15 12.36 454.06 Toledo El. -0.25 12.62 463.77-0.48 12.03 442.06 Bank of Canada Noon exchange rate was 0.9918 up 0.0088 Chicago wheat closed slightly lower. MAY11 HI 6.97 1/2 JUL11 HI 7.30 LOW 6.56 LOW 6.91 CLOSE 6.62 Down 5 3/4 CLOSE 6.96 Down 4 1/2 Minni wheat closed slightly lower. MAY11 HI 8.28 3/4 SEP11 HI 8.42 1/4 LOW 7.97 1/4 LOW 8.10 1/2 CLOSE 8.06 Down 1 1/2 CLOSE 8.19 1/4 Down 1 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.89 -0.29 -0.74 -0.48 CAD $/bu 5.73 6.33 5.88 7.58 CAD $/tonne 210.56 232.45 216.03 278.43 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 -0.55 -1.10 N/A N/A -1.10 -1.90 N/A London -0.84 -0.45 -1.09 N/A -1.27 -1.27 -1.96 N/A Hensall -0.85 N/A -1.20 N/A -1.20 N/A -2.05 N/A Trenton N/A N/A N/A N/A N/A N/A -1.65 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.30 Essex N/A N/A -1.08 N/A N/A N/A -1.90 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 -1.12 N/A N/A -1.36 -1.91 N/A Brigden N/A -0.50 -1.12 N/A N/A -1.36 -1.91 N/A Palmerston N/A -0.45 -1.03 -0.03 N/A -0.88 -1.92 -0.73 Mitchell -0.85 -0.75 -1.20 N/A -1.20 -1.25 -2.05 N/A Thornton N/A N/A N/A -1.10 N/A N/A N/A -1.71 North Gower N/A N/A N/A N/A N/A N/A N/A -0.70 TERMINAL Sarnia -0.77 -0.27 -0.72 N/A -0.90 -0.75 -1.59 N/A Hamilton N/A N/A -0.35 N/A N/A N/A -1.00 N/A Pt. Stanley N/A N/A -0.80 N/A N/A N/A -1.45 N/A PROCESSORS Toledo FM N/A 0.41 -0.49 N/A 0.20 0.15 -0.64 N/A Toledo El. 6.21US 6.17CA 6.33US 6.29CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.79 -0.54 -1.49 -0.75 CAD $/bu 6.17 6.42 5.47 7.44 CAD $/tonne 226.61 235.74 201.07 273.42 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 295.00 - 300.00 Bayport Oats 300.00 Bayport Barley 255.00 FOB Hm Soymeal 377.55 - 384.16 DDG's FOB Srn, Wndr, Aylm 190.00 - 205.00