FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, October 26 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0101 down 0.0043 Chicago corn closed moderately lower to lower. DEC11 HI 6.55 1/2 DEC12 HI 6.11 1/2 LOW 6.33 LOW 5.95 3/4 CLOSE6.37 1/4 Down 13 1/2 CLOSE 6.00 1/2 Down 8 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 6.02 237.10 -0.50 5.51 216.72 CK High -0.35 6.02 237.10 -0.50 5.51 216.72 CK Avg -0.35 -0.39 6.02 237.10 -0.50 -0.59 5.51 216.72 Essex Cty -0.40 5.97 235.13 -0.55 5.46 214.75 Mdsx Low -0.35 6.02 237.10 -0.50 5.51 216.72 Mdsx High -0.35 6.02 237.10 -0.50 5.51 216.72 Mdsx Avg -0.35 -0.39 6.02 237.10 -0.50 -0.59 5.51 216.72 Hensall -0.33 6.05 238.08 -0.48 5.53 217.71 Bruce -0.35 6.02 237.10 -0.50 5.51 216.72 Putnam -0.35 6.02 237.10 -0.50 5.51 216.72 Princeton -0.35 6.02 237.10 -0.50 5.51 216.72 Durham -0.40 5.97 235.13 -0.50 5.51 216.72 Norfolk -0.35 6.02 237.10 -0.50 5.51 216.72 Palmerston -0.30 6.07 239.06 -0.50 5.51 216.72 Varna -0.30 6.07 239.06 -0.45 5.56 218.69 Trenton -0.40 5.97 235.13 -0.55 5.46 214.75 Winchester -0.35 6.02 237.10 -0.50 5.51 216.72 North Gower N/A N/A Huron FOB -0.30 6.07 239.06 -0.45 5.56 218.69 Kent FOB -0.35 6.02 237.10 -0.50 5.51 216.72 Lamb FOB -0.35 6.02 237.10 -0.50 5.51 216.72 Mdsx FOB -0.35 -0.35 -0.35 -0.30 6.02 237.10 -0.50 5.51 216.72 FOB SW Que -0.35 6.02 237.10 -0.30 5.71 224.60 Track 0.00 6.37 250.87N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.40 5.61 220.66 Jhnstwn-Eth N/A N/A -0.25 -0.10 -0.25 5.76 226.56 Aylmer-Eth -0.25 -0.25 -0.25 -0.25 6.12 241.03 N/A Sarn-Eth 0.00 -0.30 -0.10 0.05 6.37 250.87N/A Cllngwd-Eth -0.10N/A N/A N/A 6.27 246.94-0.35* 5.66 222.63 London-Cas N/A N/A -0.30 -0.10 -0.15 5.86 230.50 Pt.Colb-Cas 0.10 0.00 -0.25 -0.05 6.47 254.81 -0.20 5.81 228.53 Cardnl-Cas N/A N/A -0.70 -0.05 -0.10 5.91 232.47 W O Feed 0.21 0.20 6.58 259.14 US Rep 0.30 0.29 6.67 262.68 Toledo El. -0.03 6.34 249.68 -0.54 5.47 215.23 TRANSFER Sarnia N/A N/A Pt. Stanley -0.33 6.04 237.88 -0.33 5.68223 2/5 Hamilton -0.33 6.04237 8/9 -0.29 5.72225 MID SD CRN -0.35 6.02 1/4 HI SD CRN -0.35 6.02 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0101 down 0.0043 Chicago soybeans closed slightly to moderately lower. NOV11 HI 12.33 1/2 NOV12 HI 12.39 1/2 LOW 12.1 LOW 12.18 1/4 CLOSE12.10 1/2 Down 15 CLOSE 12.20 3/4 Down 10 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 11.21 411.71-0.99 11.22 412.17 CK High -0.78 11.33 416.12-0.95 11.26 413.64 CK Average -0.87 -0.9511.24 412.88-0.97-1.1511.24 413.03 Essex Cty -0.70 11.41 419.06-0.88 11.33 416.21 Mdsx Low -0.93 11.18 410.61-1.03 11.18 410.70 Mdsx High -0.80 11.31 415.39-0.85 11.36 417.32 Mdsx Average -0.88 -0.9611.23 412.57-0.96-1.1411.25 413.27 Hensall -0.80 11.31 415.39-0.83 11.38 418.24 Bruce -0.90 11.21 411.71-0.95 11.26 413.64 Putnam -0.80 11.31 415.39-0.85 11.36 417.32 Princeton -0.84 11.27 413.92-0.94 11.27 414.01 Durham -0.93 11.18 410.61-1.03 11.18 410.70 Norfolk -0.84 11.27 413.92-0.93 11.28 414.38 Palmerston -0.75 11.36 417.22-0.75 11.46 420.99 Varna -0.75 11.36 417.22-0.75 11.46 420.99 Trenton -0.95 11.16 409.88-0.95 11.26 413.64 Winchester -0.87 11.24 412.82-0.97 11.24 412.91 North Gower N/A N/A Huron FOB -0.70 11.41 419.06-0.75 11.46 420.99 Kent FOB -0.89 11.22 412.08-0.99 11.22 412.17 Lambton FOB -0.89 11.22 412.08-0.99 11.22 412.17 Middlesex FOB-0.69-0.71-0.64-0.64 11.42 419.43-0.79 11.42 419.52 PROCESSORS Hamilton -0.55-0.55-0.50-0.35 11.56 424.57-0.60 11.61 426.50 Windsor -0.47-0.37-0.36-0.31 11.64 427.51-0.66 11.55 424.30 Winchester -0.82 11.29 414.65-0.92 11.29 414.74 TRANSFER Hamilton -0.35 N/A N/A N/A 11.76 431.92-0.35 11.86 435.69 Pt. Stanley -0.80 11.31 415.39-0.80 11.41 419.15 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.25 11.86 435.600.00 12.21 448.55 Toledo El. -0.26 11.84 435.16-0.59 11.62 426.92 Bank of Canada Noon exchange rate was 1.0101 down 0.0043 Chicago wheat closed moderately lower. DEC11 HI 6.43 1/4 JUL12 HI 7.13 1/2 LOW 6.16 1/2 LOW 6.90 CLOSE 6.19 1/2 Down 16 3/4 CLOSE 6.94 1/4 Down 14 Minni wheat closed slightly lower. MAR12 HI 8.64 SEP12 HI 8.02 1/4 LOW 8.42 3/4 LOW 7.91 1/2 CLOSE 8.45 1/2 Down 9 1/2 CLOSE 7.96 3/4 Down 6 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.26 0.65 -0.26 0.26 CAD $/bu 5.94 6.84 5.94 8.72 CAD $/tonne 218.11 251.41 218.11 320.23 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 0.40 -0.30 N/A N/A 0.10 -0.60 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 N/A 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 -0.63 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 0.30 -0.34 N/A N/A 0.02 -0.64 N/A Brigden N/A 0.30 -0.34 N/A N/A 0.02 -0.64 N/A Palmerston N/A 0.39 -0.42 0.28 N/A 0.31 -0.61 0.10 Varna -0.35 0.45 -0.35 N/A -0.20 0.40 -0.65 N/A Mitchell -0.30 0.40 -0.30 N/A -0.15 0.15 -0.55 N/A Thornton N/A N/A N/A -0.78 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 0.75 0.14N/A 0.20 1.02 0.31N/A Toledo El. 6.02US 6.06CA 6.91US 7.01CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.30 0.51 -0.51 0.02 CAD $/bu 6.64 7.45 6.44 7.98 CAD $/tonne 243.93 273.76 236.48 293.33 (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 374.79 - 375.89 DDG's FOB Srn, Wndr, Aylm 223.00 - 270.00