FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, October 31 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9935 down 0.0022 Chicago corn closed moderately lower. DEC11 HI 6.55 3/4 DEC12 HI 6.17 1/4 LOW 6.38 LOW 6.00 CLOSE6.47 Down 8 CLOSE 6.07 1/2 Down 8 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +DEC11+MAR12+MAR12 CK Low -0.40 6.07 238.97 -0.60 5.48 215.54 CK High -0.40 6.07 238.97 -0.55 5.53 217.51 CK Avg -0.40 -0.39 6.07 238.97 -0.58 -0.58 5.50 216.53 Essex Cty -0.40 6.07 238.97 -0.60 5.48 215.54 Mdsx Low -0.40 6.07 238.97 -0.60 5.48 215.54 Mdsx High -0.40 6.07 238.97 -0.55 5.53 217.51 Mdsx Avg -0.40 -0.39 6.07 238.97 -0.58 -0.59 5.49 216.20 Hensall -0.38 6.10 239.95 -0.53 5.55 218.49 Bruce -0.40 6.07 238.97 -0.55 5.53 217.51 Putnam -0.40 6.07 238.97 -0.55 5.53 217.51 Princeton -0.40 6.07 238.97 -0.60 5.48 215.54 Durham -0.45 6.02 237.00 -0.65 5.43 213.57 Norfolk -0.40 6.07 238.97 -0.60 5.48 215.54 Palmerston -0.35 6.12 240.93 -0.50 5.58 219.48 Varna -0.35 6.12 240.93 -0.50 5.58 219.48 Trenton -0.40 6.07 238.97 -0.60 5.48 215.54 Winchester -0.35 6.12 240.93 -0.50 5.58 219.48 North Gower -0.24 6.23 245.26N/A Huron FOB -0.35 6.12 240.93 -0.50 5.58 219.48 Kent FOB -0.40 6.07 238.97 -0.60 5.48 215.54 Lamb FOB -0.40 6.07 238.97 -0.60 5.48 215.54 Mdsx FOB -0.40 -0.30 -0.25 -0.20 6.07 238.97 -0.60 5.48 215.54 FOB SW Que -0.50 5.97 235.03 -0.40 5.68 223.41 Track -0.03 6.45 253.73N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.58 219.48 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.83 229.32 Aylmer-Eth -0.25 -0.25 -0.25 -0.20 6.22 244.87 N/A Sarn-Eth -0.30 -0.10 0.00 0.05 6.17 242.90N/A Cllngwd-Eth -0.15N/A N/A N/A 6.32 248.81-0.40* 5.68 223.41 London-Cas N/A -0.20 -0.05 0.00 -0.30 5.78 227.35 Pt.Colb-Cas 0.10 -0.15 0.00 0.05 6.57 258.65 -0.20 5.88 231.29 Cardnl-Cas N/A -0.60 0.00 0.05 -0.25 5.83 229.32 W O Feed 0.20 0.21 6.67 262.59 US Rep 0.30 0.31 6.77 266.52 Toledo El. -0.03 6.44 253.53 -0.53 5.54 218.28 TRANSFER Sarnia N/A N/A Pt. Stanley -0.46 6.01 236.60 -0.46 5.62221 Hamilton -0.46 6.01236 3/5 -0.40 5.68223 2/5 MID SD CRN -0.40 6.071 HI SD CRN -0.40 6.071 *Wet Bid Bank of Canada Noon exchange rate was 0.9935 down 0.0022 Chicago soybeans closed slightly lower. JAN12 HI 12.29 NOV12 HI 12.38 1/2 LOW 12.03 1/2 LOW 12.15 1/4 CLOSE12.17 1/4 Down 8 3/4 CLOSE 12.25 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 -1.05 11.12 408.68-1.10 11.16 409.97 CK High -1.00 11.17 410.52-1.05 11.21 411.81 CK Average -1.03 -1.0011.15 409.60-1.09-1.1011.17 410.27 Essex Cty -0.98 11.19 411.25-1.02 11.23 412.76 Mdsx Low -1.12 11.05 406.11-1.15 11.11 408.13 Mdsx High -0.95 11.22 412.36-1.00 11.26 413.64 Mdsx Average -1.05 -1.0311.12 408.56-1.09-1.1011.17 410.34 Hensall -1.00 11.17 410.52-1.00 11.26 413.64 Bruce -1.05 11.12 408.68-1.10 11.16 409.97 Putnam -1.05 11.12 408.68-1.05 11.21 411.81 Princeton -1.03 11.14 409.42-1.06 11.20 411.44 Durham -1.12 11.05 406.11-1.15 11.11 408.13 Norfolk -1.00 11.17 410.52-1.04 11.22 412.17 Palmerston -1.05 11.12 408.68-1.00 11.26 413.64 Varna -1.05 11.12 408.68-1.00 11.26 413.64 Trenton -1.10 11.07 406.84-1.20 11.06 406.29 Winchester -1.02 11.15 409.78-1.12 11.14 409.23 North Gower 0.08 12.25 450.20 N/A Huron FOB -0.90 11.27 414.19-0.90 11.36 417.32 Kent FOB -1.05 11.12 408.68-1.10 11.16 409.97 Lambton FOB -1.05 11.12 408.68-1.10 11.16 409.97 Middlesex FOB-0.87 N/A N/A N/A 11.30 415.30-0.90 11.36 417.32 PROCESSORS Hamilton -0.65-0.60-0.45-0.40 11.52 423.38-0.70 11.56 424.67 Windsor -0.75-0.50-0.44-0.44 11.42 419.71-0.79 11.47 421.36 Winchester -1.04 11.13 409.05-1.09 11.17 410.34 TRANSFER Hamilton -0.70 N/A N/A N/A 11.47 421.54-0.55 11.71 430.18 Pt. Stanley -1.15 11.02 405.01-1.00 11.26 413.64 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.50 11.67 428.89-0.25 12.01 441.20 Toledo El. -0.36 11.81 434.06-0.58 11.68 429.05 Bank of Canada Noon exchange rate was 0.9935 down 0.0022 Chicago wheat closed moderately lower. DEC11 HI 6.48 JUL12 HI 7.20 1/4 LOW 6.19 1/4 LOW 6.93 1/2 CLOSE 6.28 1/4 Down 16 1/4 CLOSE 7.04 1/4 Down 14 3/4 Minni wheat closed slightly to moderately lower. MAR12 HI 8.69 SEP12 HI 8.20 1/4 LOW 8.52 1/2 LOW 8.02 3/4 CLOSE 8.60 Down 3 1/4 CLOSE 8.08 1/2 Down 10 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.31 0.59 -0.31 0.18 CAD $/bu 5.97 6.87 5.97 8.78 CAD $/tonne 219.40 252.41 219.40 322.73 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 0.20 -0.35 N/A N/A -0.10 -0.60 N/A London -0.50 0.30 -0.40 N/A N/A 0.00 -0.65 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 -0.88 N/A N/A N/A -0.75 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 0.27 -0.40 N/A N/A -0.03 -0.65 N/A Brigden N/A 0.27 -0.40 N/A N/A -0.03 -0.65 N/A Palmerston N/A 0.56 -0.24 0.10 N/A 0.50 -0.54 -0.05 Varna -0.25 0.55 -0.25 N/A -0.10 0.50 -0.55 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 -0.05 N/A N/A N/A -0.65 N/A Pt. Stanley N/A N/A -0.50 N/A N/A N/A -1.10 N/A PROCESSORS Toledo FM N/A 0.69 0.09N/A 0.11 0.91 0.21N/A Toledo El. 6.15US 6.14CA 7.01US 7.02CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.39 0.41 -0.59 -0.09 CAD $/bu 6.65 7.45 6.45 7.99 CAD $/tonne 244.31 273.74 236.96 293.69 (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 300.00 Bayport Barley 285.00 FOB Hm Soymeal 370.49 - 374.90 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00