FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, March 17 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9885 down 0.0033 Chicago corn closed limit up. MAY11 HI 6.46 1/2 DEC11 HI 5.79 1/4 LOW 6.16 LOW 5.50 CLOSE6.46 1/2 Up 30 CLOSE 5.79 1/4 Up 30 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 5.52 217.12 -1.00 4.79 188.67 CK High -0.80 5.67 223.02 -0.95 4.84 190.64 CK Avg -0.86 -0.78 5.61 220.72 -0.99 -0.92 4.80 189.00 Essex Cty -0.95 5.52 217.12 -1.00 4.79 188.67 Mdsx Low -0.95 5.52 217.12 -1.00 4.79 188.67 Mdsx High -0.80 5.67 223.02 -1.00 4.79 188.67 Mdsx Avg -0.88 -0.80 5.58 219.74 -1.00 -0.93 4.79 188.67 Hensall -0.80 5.67 223.02 -1.00 4.79 188.67 Bruce -0.80 5.67 223.02 -1.00 4.79 188.67 Putnam -0.80 5.67 223.02 -1.00 4.79 188.67 Princeton -0.95 5.52 217.12 -1.00 4.79 188.67 Durham -0.95 5.52 217.12 -1.05 4.74 186.70 Norfolk -0.85 5.62 221.05 -0.95 4.84 190.64 Trenton -0.85 5.62 221.05 -1.05 4.74 186.70 Winchester -0.70 5.77 226.96 -0.90 4.89 192.61 North Gower -0.80 5.67 223.02 -0.85 4.94 194.58 Huron FOB -0.75 5.72 224.99 -1.00 4.79 188.67 Kent FOB -0.85 5.62 221.05 -0.95 4.84 190.64 Lamb FOB -0.85 5.62 221.05 -0.95 4.84 190.64 Mdsx FOB -0.75 -0.70 -0.75 -0.70 5.72 224.99 -1.00 4.79 188.67 FOB SW Que -0.35 6.12 240.74 -0.60 5.19 204.42 Track -0.53 5.94 233.85N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.80 4.99 196.55 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.04 198.51 Aylmer-Eth N/A -0.45 -0.45 -0.45 N/A Sarn-Eth -0.60 -0.50 -0.40 -0.40 5.87 230.89N/A Cllngwd-Eth -0.65N/A N/A N/A 5.82 228.93-0.70* 5.09 200.48 Kwrth-Eth -0.40N/A N/A N/A 6.07 238.77N/A London-Cas N/A N/A -0.70 -0.70 -0.70 5.09 200.48 Pt.Colb-Cas N/A N/A N/A N/A -0.65 5.14 202.45 Cardnl-Cas N/A N/A N/A N/A -0.50 5.29 208.36 W O Feed -0.48 -0.47 5.99 235.62 US Rep -0.15 -0.14 6.32 248.61 Toledo El. -0.20 6.27 246.74 -0.46 5.33 209.76 TRANSFER Sarnia -0.95 5.52 217.12 -1.00 4.79 188.67 Pt. Stanley -0.82 5.65 222.23 -0.89 4.90193 Hamilton -0.39 6.08 239.16 -0.65 5.14202 4/9 MID SD CRN -0.87 1/2 5.59 HI SD CRN -0.80 5.66 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9885 down 0.0033 Chicago soybeans closed sharply higher. MAY11 HI 13.46 3/4 NOV11 HI 13.11 3/4 LOW 12.85 1/4 LOW 12.50 1/4 CLOSE13.35 1/4 Up 48 1/4 CLOSE 13.02 1/4 Up 51 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL11 CK Low -1.07 12.28 451.30-1.21 11.81 434.04 CK High -0.95 12.40 455.71-1.16 11.86 435.87 CK Average -1.00 -0.8412.35 453.73-1.19-1.0311.83 434.62 Essex Cty -0.97 12.38 454.98-1.13 11.89 436.97 Mdsx Low -1.01 12.34 453.51-1.20 11.82 434.40 Mdsx High -0.96 12.39 455.35-1.12 11.90 437.34 Mdsx Average -0.99 -0.8312.36 454.24-1.16-1.0011.86 435.87 Hensall -0.98 12.38 454.80-1.20 11.82 434.40 Bruce -1.00 12.35 453.88-1.20 11.82 434.40 Putnam -0.95 12.40 455.71-1.20 11.82 434.40 Princeton -1.02 12.33 453.14-1.17 11.85 435.50 Durham -0.97 12.38 454.98-1.18 11.84 435.14 Norfolk -0.90 12.45 457.55-1.14 11.88 436.61 Trenton -1.05 12.30 452.04-1.15 11.87 436.24 Winchester -1.02 12.33 453.14-1.06 11.96 439.55 North Gower -1.00 12.35 453.88-1.05 11.97 439.91 Huron FOB -0.85 12.50 459.39-1.10 11.92 438.08 Kent FOB -0.95 12.40 455.71-1.19 11.83 434.77 Lambton FOB -0.95 12.40 455.71-1.19 11.83 434.77 Middlesex FOB-0.71-0.71-0.73 N/A 12.64 464.53-0.84 12.18 447.63 PROCESSORS Hamilton -0.50-0.50-0.45-0.55 12.85 472.25-0.65 12.37 454.61 Windsor -0.43-0.43-0.41-0.48 12.92 474.82-0.71 12.31 452.41 Winchester -0.92 12.43 456.82-0.96 12.06 443.22 TRANSFER Hamilton -0.40 N/A N/A N/A 12.95 475.92-0.55 12.47 458.29 Pt. Stanley -0.85 12.50 459.39-1.05 11.97 439.91 Sarnia -0.67 12.68 466.00-0.63 12.39 455.35 Owen Sound N/A N/A Sorel QC -0.20 13.15 483.27-0.25 12.77 469.31 Toledo El. -0.25 13.11 481.55-0.47 12.55 461.07 Bank of Canada Noon exchange rate was 0.9885 down 0.0033 Chicago wheat closed sharply higher. MAY11 HI 7.18 3/4 JUL11 HI 7.53 LOW 6.63 LOW 6.96 1/2 CLOSE 7.10 1/4 Up 48 1/4 CLOSE 7.45 1/4 Up 49 1/4 Minni wheat closed sharply higher. MAY11 HI 8.60 SEP11 HI 8.73 1/4 LOW 8.06 LOW 8.20 1/2 CLOSE 8.54 3/4 Up 48 3/4 CLOSE 8.69 1/2 Up 50 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.93 -0.33 -0.78 -0.53 CAD $/bu 6.18 6.77 6.32 8.02 CAD $/tonne 226.93 248.70 232.37 294.61 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 -0.50 -1.00 N/A N/A -1.10 -1.95 N/A London -0.83 -0.43 -1.80 N/A -1.26 -1.26 -1.95 N/A Hensall -0.60 N/A -0.95 N/A -0.95 N/A -1.90 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 -1.12 N/A N/A N/A -1.89 N/A Norwich -0.60 N/A -0.95 N/A -0.95 N/A -1.90 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.60 N/A -0.95 N/A -0.95 N/A -1.90 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 -0.60 -0.50 -0.95 N/A -0.95 -0.95 -1.90 N/A Thornton N/A N/A N/A -1.09 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 0.37 -0.53 N/A 0.16 0.11 -0.68 N/A Toledo El. 6.74US 6.66CA 6.82US 6.74CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.83 -0.59 -1.52 -0.80 CAD $/bu 6.62 6.87 5.93 7.90 CAD $/tonne 243.26 252.33 217.85 290.17 (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 393.09 - 396.40 DDG's FOB Srn, Wndr, Aylm 190.00 - 195.00