FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, October 25 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0144 up 0.0105 Chicago corn closed mixed. DEC11 HI 6.58 1/2 DEC12 HI 6.13 LOW 6.47 LOW 6.02 1/2 CLOSE6.50 3/4 Down 1/4 CLOSE 6.08 1/2 Up 3 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 6.16 242.41 -0.50 5.59 219.87 CK High -0.35 6.16 242.41 -0.50 5.59 219.87 CK Avg -0.35 -0.45 6.16 242.41 -0.50 -0.62 5.59 219.87 Essex Cty -0.35 6.16 242.41 -0.50 5.59 219.87 Mdsx Low -0.35 6.16 242.41 -0.50 5.59 219.87 Mdsx High -0.35 6.16 242.41 -0.50 5.59 219.87 Mdsx Avg -0.35 -0.45 6.16 242.41 -0.50 -0.62 5.59 219.87 Hensall -0.33 6.18 243.39 -0.48 5.61 220.86 Bruce -0.35 6.16 242.41 -0.50 5.59 219.87 Putnam -0.35 6.16 242.41 -0.50 5.59 219.87 Princeton -0.35 6.16 242.41 -0.50 5.59 219.87 Durham -0.40 6.11 240.44 -0.50 5.59 219.87 Norfolk -0.35 6.16 242.41 -0.50 5.59 219.87 Palmerston -0.35 6.16 242.41 -0.50 5.59 219.87 Varna -0.35 6.16 242.41 -0.50 5.59 219.87 Trenton -0.40 6.11 240.44 -0.55 5.54 217.90 Winchester -0.35 6.16 242.41 -0.50 5.59 219.87 North Gower N/A N/A Huron FOB -0.30 6.21 244.38 -0.45 5.64 221.84 Kent FOB -0.35 6.16 242.41 -0.50 5.59 219.87 Lamb FOB -0.35 6.16 242.41 -0.50 5.59 219.87 Mdsx FOB -0.35 -0.35 -0.35 -0.30 6.16 242.41 -0.50 5.59 219.87 FOB SW Que -0.35 6.16 242.41 -0.30 5.79 227.75 Track 0.00 6.51 256.19N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.40 5.69 223.81 Jhnstwn-Eth N/A N/A -0.25 -0.10 -0.25 5.84 229.71 Aylmer-Eth -0.25 -0.25 -0.25 -0.25 6.26 246.35 N/A Sarn-Eth 0.00 -0.30 -0.10 0.05 6.51 256.19N/A Cllngwd-Eth -0.10N/A N/A N/A 6.41 252.25-0.35* 5.74 225.78 London-Cas N/A N/A -0.30 -0.10 -0.25 5.84 229.71 Pt.Colb-Cas 0.10 0.00 -0.05 0.05 6.61 260.13 -0.10 5.99 235.62 Cardnl-Cas N/A N/A -0.70 -0.05 -0.20 5.89 231.68 W O Feed 0.38 0.37 6.89 271.15 US Rep 0.30 0.29 6.81 268.00 Toledo El. -0.03 6.48 254.99 -0.54 5.54 218.28 TRANSFER Sarnia N/A N/A Pt. Stanley -0.33 6.18 243.20 -0.33 5.76226 4/7 Hamilton -0.33 6.18243 1/5 -0.29 5.80228 1/7 MID SD CRN -0.35 6.15 3/4 HI SD CRN -0.35 6.15 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0144 up 0.0105 Chicago soybeans closed narrowly mixed. NOV11 HI 12.36 NOV12 HI 12.40 LOW 12.17 1/2 LOW 12.24 1/2 CLOSE12.25 1/2 Down 1 1/4 CLOSE 12.31 1/2 Up 1 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.90 11.36 417.22-0.99 11.33 416.12 CK High -0.77 11.49 422.00-0.85 11.47 421.27 CK Average -0.83 -1.0211.43 419.92-0.91-1.1611.40 419.00 Essex Cty -0.59 11.67 428.62-0.77 11.55 424.21 Mdsx Low -0.93 11.33 416.12-1.00 11.32 415.76 Mdsx High -0.70 11.56 424.57-0.75 11.57 424.94 Mdsx Average -0.84 -1.0411.41 419.31-0.83-1.0811.48 421.88 Hensall -0.73 11.53 423.65-0.75 11.57 424.94 Bruce -0.80 11.46 420.90-0.85 11.47 421.27 Putnam -0.70 11.56 424.57-0.75 11.57 424.94 Princeton -0.84 11.42 419.43-0.94 11.38 417.96 Durham -0.93 11.33 416.12-1.03 11.29 414.65 Norfolk -0.72 11.54 423.84-0.81 11.51 422.74 Palmerston -0.90 11.36 417.22-0.90 11.42 419.43 Varna -0.75 11.51 422.74-0.75 11.57 424.94 Trenton -0.90 11.36 417.22-1.00 11.32 415.76 Winchester -0.92 11.34 416.49-1.02 11.30 415.02 North Gower N/A N/A Huron FOB -0.65 11.61 426.41-0.70 11.62 426.78 Kent FOB -0.77 11.49 422.00-0.87 11.45 420.53 Lambton FOB -0.77 11.49 422.00-0.87 11.45 420.53 Middlesex FOB-0.69-0.82-0.64-0.64 11.57 424.94-0.79 11.53 423.47 PROCESSORS Hamilton -0.55-0.55-0.50-0.35 11.71 430.09-0.60 11.72 430.45 Windsor -0.36-0.26-0.25-0.19 11.90 437.07-0.54 11.78 432.66 Winchester -0.89 11.37 417.59-0.91 11.41 419.06 TRANSFER Hamilton -0.35 N/A N/A N/A 11.91 437.43-0.35 11.97 439.64 Pt. Stanley -0.80 11.46 420.90-0.80 11.52 423.10 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.25 12.01 441.110.00 12.32 452.50 Toledo El. -0.34 11.92 437.98-0.59 11.72 430.76 Bank of Canada Noon exchange rate was 1.0144 up 0.0105 Chicago wheat closed mixed. DEC11 HI 6.47 JUL12 HI 7.11 1/4 LOW 6.34 LOW 6.98 1/2 CLOSE 6.36 1/4 Down 6 1/4 CLOSE 7.08 1/4 Up 3/4 Minni wheat closed slightly higher. MAR12 HI 8.66 1/2 SEP12 HI 8.10 3/4 LOW 8.53 LOW 7.99 3/4 CLOSE 8.55 Up 3/4 CLOSE 8.02 3/4 Up 1 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 6.01 6.77 6.01 8.89 CAD $/tonne 220.71 248.71 220.71 326.64 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 -0.34 N/A N/A 0.08 -0.65 N/A London -0.44 0.37 -0.34 N/A N/A 0.07 -0.58 N/A Hensall -0.30 N/A -0.30 N/A -0.15 N/A -0.60 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 -0.76 N/A N/A N/A -0.61 N/A Norwich -0.30 N/A -0.30 N/A -0.15 N/A -0.60 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 -0.05 N/A -0.50 N/A Chatham N/A 0.42 -0.28 N/A N/A 0.14 -0.57 N/A Brigden N/A 0.42 -0.28 N/A N/A 0.14 -0.57 N/A Palmerston N/A 0.33 -0.47 0.20 N/A 0.24 -0.66 0.05 Varna -0.35 0.45 -0.35 N/A -0.20 0.40 -0.65 N/A Mitchell -0.30 0.35 -0.30 N/A -0.15 0.15 -0.55 N/A Thornton N/A N/A N/A -0.71 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 -0.70 N/A N/A N/A -1.00 N/A PROCESSORS Toledo FM N/A 0.81 0.20N/A 0.24 1.06 0.34N/A Toledo El. 6.18US 6.28CA 7.05US 7.19CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.27 0.55 -0.47 0.06 CAD $/bu 6.82 7.63 6.61 8.09 CAD $/tonne 250.42 280.40 242.93 297.08 (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 380.52 - 381.63 DDG's FOB Srn, Wndr, Aylm 218.00 - 270.00