FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, October 24 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0039 down 0.0052 Chicago corn closed slightly higher. DEC11 HI 6.61 3/4 DEC12 HI 6.13 LOW 6.46 1/2 LOW 6.01 1/2 CLOSE6.51 Up 1 3/4 CLOSE 6.05 1/2 Up 2 1/4 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 6.16 242.51 -0.50 5.56 218.69 CK High -0.35 6.16 242.51 -0.50 5.56 218.69 CK Avg -0.35 -0.39 6.16 242.51 -0.50 -0.56 5.56 218.69 Essex Cty N/A N/A Mdsx Low -0.35 6.16 242.51 -0.50 5.56 218.69 Mdsx High -0.35 6.16 242.51 -0.50 5.56 218.69 Mdsx Avg -0.35 -0.39 6.16 242.51 -0.50 -0.56 5.56 218.69 Hensall -0.35 6.16 242.51 -0.50 5.56 218.69 Bruce -0.35 6.16 242.51 -0.50 5.56 218.69 Putnam -0.35 6.16 242.51 -0.50 5.56 218.69 Princeton N/A N/A Durham -0.40 6.11 240.54 -0.50 5.56 218.69 Norfolk -0.35 6.16 242.51 -0.50 5.56 218.69 Palmerston -0.35 6.16 242.51 -0.50 5.56 218.69 Varna -0.35 6.16 242.51 -0.50 5.56 218.69 Trenton -0.40 6.11 240.54 -0.55 5.51 216.72 Winchester -0.35 6.16 242.51 -0.50 5.56 218.69 North Gower N/A N/A Huron FOB -0.35 6.16 242.51 -0.45 5.61 220.66 Kent FOB -0.35 6.16 242.51 -0.50 5.56 218.69 Lamb FOB -0.35 6.16 242.51 -0.50 5.56 218.69 Mdsx FOB -0.35 -0.35 -0.35 -0.30 6.16 242.51 -0.50 5.56 218.69 FOB SW Que -0.40 6.11 240.54 -0.30 5.76 226.56 Track 0.35 6.86 270.07N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.40 5.66 222.63 Jhnstwn-Eth N/A N/A -0.30 -1.00 -0.25 5.81 228.53 Aylmer-Eth -0.25 -0.25 -0.25 -0.25 6.26 246.45 N/A Sarn-Eth 0.00 -0.30 -0.10 0.05 6.51 256.29N/A Cllngwd-Eth -0.25N/A N/A N/A 6.26 246.45-0.35* 5.71 224.60 London-Cas N/A N/A -0.30 -0.10 -0.25 5.81 228.53 Pt.Colb-Cas 0.10 0.00 -0.25 0.05 6.61 260.22 -0.20 5.86 230.50 Cardnl-Cas N/A N/A -0.70 -0.05 -0.20 5.86 230.50 W O Feed 0.58 0.58 7.09 279.12 US Rep 0.60 0.60 7.11 279.91 Toledo El. -0.03 6.48 255.10 -0.54 5.52 217.29 TRANSFER Sarnia N/A N/A Pt. Stanley -0.34 6.17 242.90N/A Hamilton -0.34 6.17243 N/A MID SD CRN -0.35 6.16 HI SD CRN -0.35 6.16 *Wet Bid Bank of Canada Noon exchange rate was 1.0039 down 0.0052 Chicago soybeans closed moderately higher. NOV11 HI 12.39 3/4 NOV12 HI 12.37 1/2 LOW 12.09 1/2 LOW 12.08 CLOSE12.26 3/4 Up 14 1/2 CLOSE 12.29 3/4 Up 21 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.95 11.32 415.85-1.01 11.29 414.74 CK High -0.89 11.38 418.05-0.99 11.31 415.48 CK Average -0.92 -1.0011.35 416.95-1.00-1.1311.30 415.11 Essex Cty N/A N/A Mdsx Low -0.92 11.35 416.95-1.03 11.27 414.01 Mdsx High -0.85 11.42 419.52-0.90 11.40 418.79 Mdsx Average -0.89 -0.9711.38 418.24-0.97-1.1011.33 416.40 Hensall -0.88 11.39 418.60-0.90 11.40 418.79 Bruce -0.95 11.32 415.85-1.00 11.30 415.11 Putnam -0.85 11.42 419.52-0.90 11.40 418.79 Princeton N/A N/A Durham -0.95 11.32 415.85-1.06 11.24 412.91 Norfolk -0.84 11.43 419.89-0.93 11.37 417.68 Palmerston -0.90 11.37 417.68-0.90 11.40 418.79 Varna -0.90 11.37 417.68-0.90 11.40 418.79 Trenton -1.00 11.27 414.01-1.10 11.20 411.44 Winchester -0.91 11.36 417.32-1.01 11.29 414.74 North Gower N/A N/A Huron FOB -0.80 11.47 421.36-0.80 11.50 422.46 Kent FOB -0.89 11.38 418.05-0.99 11.31 415.48 Lambton FOB -0.89 11.38 418.05-0.99 11.31 415.48 Middlesex FOB-0.79-0.85-0.66-0.66 11.48 421.73-0.82 11.48 421.73 PROCESSORS Hamilton -0.55-0.55-0.50-0.35 11.72 430.54-0.60 11.70 429.81 Windsor -0.47-0.37-0.37-0.32 11.80 433.48-0.68 11.62 426.87 Winchester -0.79 11.48 421.73-0.89 11.41 419.15 TRANSFER Hamilton -0.45 N/A N/A N/A 11.82 434.22-0.35 11.95 439.00 Pt. Stanley -0.90 11.37 417.68-0.80 11.50 422.46 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.30 11.97 439.73-0.05 12.25 450.02 Toledo El. -0.33 11.94 438.55-0.59 11.71 430.32 Bank of Canada Noon exchange rate was 1.0039 down 0.0052 Chicago wheat closed slightly to moderately higher. DEC11 HI 6.46 3/4 JUL12 HI 7.10 3/4 LOW 6.30 1/2 LOW 6.97 1/2 CLOSE 6.42 1/2 Up 10 1/2 CLOSE 7.07 1/2 Up 10 Minni wheat closed narrowly mixed. MAR12 HI 8.74 3/4 SEP12 HI 8.20 LOW 8.51 3/4 LOW 8.00 CLOSE 8.54 1/4 Down 3/4 CLOSE 8.01 3/4 Up 1 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.41 0.34 -0.41 0.26 CAD $/bu 6.01 6.77 6.01 8.80 CAD $/tonne 221.00 248.74 221.00 323.37 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 0.35 -0.30 N/A N/A 0.05 -0.70 N/A London -0.55 0.02 -0.45 N/A N/A 0.06 -0.60 N/A Hensall -0.30 N/A -0.30 N/A -0.20 N/A -0.65 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 -0.82 N/A N/A N/A -0.74 N/A Norwich -0.30 N/A -0.30 N/A -0.20 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 -0.30 N/A -0.30 N/A -0.10 N/A -0.55 N/A Chatham N/A 0.36 -0.34 N/A N/A 0.08 -0.69 N/A Brigden N/A 0.36 -0.34 N/A N/A 0.08 -0.69 N/A Palmerston N/A 0.33 -0.47 0.20 N/A 0.24 -0.66 0.05 Varna -0.55 0.35 -0.55 N/A -0.40 0.25 -0.85 N/A Mitchell -0.30 0.35 -0.30 N/A -0.20 0.15 -0.60 N/A Thornton N/A N/A N/A -1.43 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 0.75 0.14N/A 0.18 0.98 0.28N/A Toledo El. 6.25US 6.29CA 7.05US 7.12CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.33 0.48 -0.53 -0.02 CAD $/bu 6.75 7.55 6.54 8.00 CAD $/tonne 247.87 277.57 240.44 294.01 (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 305.00 Bayport Barley 285.00 FOB Hm Soymeal 380.86 DDG's FOB Srn, Wndr, Aylm 218.00 - 270.00