FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, October 20 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0218 up 0.0082 Chicago corn closed moderately higher. DEC11 HI 6.51 DEC11 HI 6.51 LOW 6.32 LOW 6.32 CLOSE6.49 1/2 Up 11 CLOSE 6.49 1/2 Up 11 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +DEC11+MAR12+MAR12 CK Low -0.35 6.15 241.92 -0.35 6.15 241.92 CK High -0.35 6.15 241.92 -0.35 6.15 241.92 CK Avg -0.35 -0.45 6.15 241.92 -0.35 -0.47 6.15 241.92 Essex Cty N/A N/A Mdsx Low -0.35 6.15 241.92 -0.35 6.15 241.92 Mdsx High -0.35 6.15 241.92 -0.35 6.15 241.92 Mdsx Avg -0.35 -0.45 6.15 241.92 -0.35 -0.47 6.15 241.92 Hensall -0.35 6.15 241.92 -0.35 6.15 241.92 Bruce -0.35 6.15 241.92 -0.35 6.15 241.92 Putnam -0.35 6.15 241.92 -0.35 6.15 241.92 Princeton N/A N/A Durham -0.40 6.10 239.95 -0.40 6.10 239.95 Norfolk -0.35 6.15 241.92 -0.35 6.15 241.92 Palmerston -0.35 6.15 241.92 -0.35 6.15 241.92 Varna -0.35 6.15 241.92 -0.35 6.15 241.92 Trenton 0.35 6.85 269.48 -0.35 6.15 241.92 Winchester -0.35 6.15 241.92 -0.35 6.15 241.92 North Gower N/A N/A Huron FOB N/A -0.35 6.15 241.92 Kent FOB -0.35 6.15 241.92 -0.35 6.15 241.92 Lamb FOB -0.35 6.15 241.92 -0.35 6.15 241.92 Mdsx FOB N/A -0.35 -0.35 -0.30 -0.35 6.15 241.92 FOB SW Que -0.38 6.12 240.74 -0.38 6.12 240.74 Track 0.53 7.02 276.37N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A -0.25 -0.10 N/A Aylmer-Eth N/A -0.25 -0.25 -0.25 -0.25 6.25 245.85 Sarn-Eth 0.00 -0.30 -0.10 0.00 6.50 255.70 0.00 6.50 255.70 Cllngwd-Eth N/A N/A N/A N/A 0.50* 7.00 275.38 London-Cas N/A N/A -0.30 -0.10 N/A Pt.Colb-Cas 0.10 0.00 -0.25 0.05 6.60 259.63 0.10 6.60 259.63 Cardnl-Cas N/A N/A -0.70 -0.05 N/A W O Feed 0.59 0.57 7.09 278.92 US Rep 0.60 0.58 7.10 279.32 Toledo El. -0.03 6.46 254.50 -0.03 6.46 254.49 TRANSFER Sarnia N/A N/A Pt. Stanley N/A -0.34 6.16242 1/3 Hamilton N/A -0.34 6.16242 1/3 MID SD CRN -0.35 6.14 1/2 HI SD CRN -0.35 6.14 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0218 up 0.0082 Chicago soybeans closed slightly lower to steady. NOV11 HI 12.26 1/4 NOV12 HI 12.13 3/4 LOW 12.01 1/2 LOW 11.92 CLOSE12.25 Unchanged CLOSE 12.12 1/4 Down 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.85 11.40 418.88-0.90 11.22 412.36 CK High -0.75 11.50 422.55-0.85 11.27 414.19 CK Average -0.81 -1.0111.44 420.35-0.88-1.1111.24 412.94 Essex Cty N/A N/A Mdsx Low -0.84 11.41 419.25-0.90 11.22 412.36 Mdsx High -0.75 11.50 422.55-0.80 11.32 416.03 Mdsx Average -0.80 -0.9911.46 420.90-0.85-1.0711.27 414.19 Hensall -0.83 11.43 419.80-0.85 11.27 414.19 Bruce -0.85 11.40 418.88-0.90 11.22 412.36 Putnam -0.75 11.50 422.55-0.80 11.32 416.03 Princeton N/A N/A Durham -0.87 11.38 418.14-0.93 11.19 411.25 Norfolk -0.72 11.53 423.65-0.82 11.30 415.30 Palmerston -0.90 11.35 417.04-0.90 11.22 412.36 Varna -0.90 11.35 417.04-0.90 11.22 412.36 Trenton -0.90 11.35 417.04-1.00 11.12 408.68 Winchester -0.80 11.45 420.72-0.90 11.22 412.36 North Gower N/A N/A Huron FOB -0.80 11.45 420.72-0.80 11.32 416.03 Kent FOB -0.77 11.48 421.82-0.88 11.24 413.09 Lambton FOB -0.77 11.48 421.82-0.88 11.24 413.09 Middlesex FOB-0.68-71.0-0.53-0.53 11.57 425.12-0.69 11.43 420.07 PROCESSORS Hamilton -0.40-0.40-0.35-0.20 11.85 435.41-0.45 11.67 428.89 Windsor -0.37-0.27-0.27-0.22 11.88 436.52-0.58 11.54 424.11 Winchester -1.02 11.23 412.63 N/A TRANSFER Hamilton -0.45 N/A N/A N/A 11.80 433.58-0.35 11.77 432.57 Pt. Stanley -0.90 11.35 417.04-0.80 11.32 416.03 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.25 12.00 440.92-0.05 12.07 443.59 Toledo El. -0.39 11.86 435.92-0.59 11.53 423.72 Bank of Canada Noon exchange rate was 1.0218 up 0.0082 Chicago wheat closed slightly to moderately higher. DEC11 HI 6.32 1/4 JUL12 HI 7.02 3/4 LOW 6.13 1/2 LOW 6.83 1/2 CLOSE 6.30 3/4 Up 11 1/4 CLOSE 7.00 3/4 Up 9 1/4 Minni wheat closed slightly higher. MAR12 HI 8.64 SEP12 HI 8.08 3/4 LOW 8.33 1/2 LOW 7.85 1/4 CLOSE 8.49 3/4 Up 1/4 CLOSE 8.00 1/4 Up 2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.36 0.41 -0.36 0.34 CAD $/bu 5.95 6.71 5.95 8.84 CAD $/tonne 218.70 246.71 218.70 324.74 Direct MarkHarvest 2011 Harvest 2012 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 0.10 -0.60 N/A N/A -0.35 -0.75 N/A London -0.59 0.28 -0.54 N/A N/A -0.09 -0.73 N/A Hensall -0.50 N/A -0.50 N/A -0.25 N/A -0.75 N/A Trenton N/A N/A -0.50 N/A N/A N/A -0.70 N/A Winchester N/A N/A N/A -1.00 N/A N/A N/A -0.30 Essex N/A N/A -0.77 N/A N/A N/A -0.84 N/A Norwich -0.50 N/A -0.60 N/A -0.25 N/A -0.65 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.50 N/A -0.60 N/A -0.15 N/A -0.65 N/A Chatham N/A 0.40 -0.30 N/A N/A 0.20 -0.62 N/A Brigden N/A 0.40 -0.30 N/A N/A 0.20 -0.62 N/A Palmerston N/A 0.26 -0.55 0.25 N/A 0.08 -0.83 0.10 Varna -0.55 0.35 -0.55 N/A -0.40 0.25 -0.85 N/A Mitchell -0.50 0.35 -0.45 N/A -0.25 0.15 -0.70 N/A Thornton N/A N/A N/A -1.02 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.25 N/A N/A N/A -0.55 N/A Pt. Stanley N/A N/A -0.75 N/A N/A N/A -0.90 N/A PROCESSORS Toledo FM N/A 0.81 0.20N/A 0.23 1.04 0.33N/A Toledo El. 6.13US 6.23CA 6.88US 7.00CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.28 0.54 -0.48 0.04 CAD $/bu 6.73 7.54 6.52 8.05 CAD $/tonne 247.23 277.17 239.75 295.69 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 295.00 - 305.00 Bayport Oats 295.00 Bayport Barley 285.00 FOB Hm Soymeal 381.74 DDG's FOB Srn, Wndr, Aylm 218.00 - 270.00