FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0198 up 0.0263 Chicago corn closed mixed. DEC11 HI 6.60 1/4 DEC12 HI 6.10 3/4 LOW 6.31 1/2 LOW 5.95 CLOSE6.54 1/4 Up 7 1/4 CLOSE 6.07 Down 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 6.14 241.82 -0.55 5.52 217.31 CK High -0.30 6.24 245.76 -0.50 5.57 219.28 CK Avg -0.35 -0.46 6.19 243.79 -0.53 -0.66 5.55 218.30 Essex Cty N/A N/A Mdsx Low -0.40 6.14 241.82 -0.55 5.52 217.31 Mdsx High -0.30 6.24 245.76 -0.50 5.57 219.28 Mdsx Avg -0.35 -0.46 6.19 243.79 -0.53 -0.66 5.55 218.30 Hensall -0.38 6.17 242.80 -0.53 5.55 218.30 Bruce -0.40 6.14 241.82 -0.55 5.52 217.31 Putnam -0.40 6.14 241.82 -0.55 5.52 217.31 Princeton N/A N/A Durham -0.35 6.19 243.79 -0.55 5.52 217.31 Norfolk -0.30 6.24 245.76 -0.50 5.57 219.28 Palmerston N/A -0.50 5.57 219.28 Varna -0.35 6.19 243.79 -0.50 5.57 219.28 Trenton -0.40 6.14 241.82 -0.60 5.47 215.34 Winchester -0.35 6.19 243.79 -0.60 5.47 215.34 North Gower -0.24 6.30 248.12N/A Huron FOB -0.35 6.19 243.79 -0.50 5.57 219.28 Kent FOB -0.30 6.24 245.76 -0.50 5.57 219.28 Lamb FOB -0.30 6.24 245.76 -0.50 5.57 219.28 Mdsx FOB -0.30 -0.20 -0.15 -0.10 6.24 245.76 -0.50 5.57 219.28 FOB SW Que -0.35 6.19 243.79 -0.15 5.92 233.06 Track -0.03 6.52 256.58N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.57 219.28 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.82 229.12 Aylmer-Eth -0.25 -0.25 -0.25 -0.20 6.29 247.72 N/A Sarn-Eth -0.30 -0.10 0.00 0.05 6.24 245.76N/A Cllngwd-Eth -0.15N/A N/A N/A 6.39 251.66-0.30* 5.77 227.15 London-Cas N/A -0.20 -0.05 0.00 -0.30 5.77 227.15 Pt.Colb-Cas 0.05 -0.15 0.00 0.05 6.59 259.54 -0.15 5.92 233.06 Cardnl-Cas N/A -0.60 0.00 0.05 -0.25 5.82 229.12 W O Feed 0.20 0.18 6.74 265.44 US Rep 0.40 0.38 6.94 273.31 Toledo El. -0.03 6.51 256.37 -0.54 5.53 217.63 TRANSFER Sarnia N/A N/A Pt. Stanley -0.46 6.08 239.46 -0.46 5.61220 6/7 Hamilton -0.46 6.08239 1/2 -0.40 5.67223 2/9 MID SD CRN -0.35 6.19 1/4 HI SD CRN -0.30 6.24 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0198 up 0.0263 Chicago soybeans closed moderately lower. JAN12 HI 12.23 NOV12 HI 12.31 LOW 11.9 LOW 12.00 1/4 CLOSE12.02 1/2 Down 14 3/4 CLOSE 12.08 3/4 Down 17 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.95 11.08 406.94-0.95 11.14 409.23 CK High -0.80 11.23 412.45-0.90 11.19 411.07 CK Average -0.86 -1.0611.17 410.43-0.92-1.1911.17 410.27 Essex Cty N/A N/A Mdsx Low -0.85 11.18 410.61-0.92 11.17 410.34 Mdsx High -0.84 11.19 410.98-0.85 11.24 412.91 Mdsx Average -0.85 -1.0511.18 410.79-0.89-1.1611.20 411.62 Hensall -0.85 11.18 410.61-0.88 11.21 411.99 Bruce -0.95 11.08 406.94-0.95 11.14 409.23 Putnam -0.85 11.18 410.61-0.85 11.24 412.91 Princeton -0.78 11.25 413.18-0.86 11.23 412.54 Durham -0.87 11.16 409.88-0.95 11.14 409.23 Norfolk -0.78 11.25 413.18-0.87 11.22 412.17 Palmerston -0.95 11.08 406.94-0.95 11.14 409.23 Varna -0.85 11.18 410.61-0.90 11.19 411.07 Trenton -1.10 10.93 401.43-1.20 10.89 400.05 Winchester -0.80 11.23 412.45-0.90 11.19 411.07 North Gower 0.08 12.11 444.78 N/A Huron FOB -0.70 11.33 416.12-0.80 11.29 414.74 Kent FOB -0.83 11.20 411.35-0.93 11.16 409.97 Lambton FOB -0.83 11.20 411.35-0.93 11.16 409.97 Middlesex FOB-0.65-0.55-0.65 N/A 11.38 417.96-0.70 11.39 418.42 PROCESSORS Hamilton -0.30-0.35-0.25-0.20 11.73 430.82-0.30 11.79 433.12 Windsor -0.50-0.24-0.18-0.23 11.53 423.47-0.54 11.55 424.30 Winchester -0.92 11.11 408.04-1.02 11.07 406.66 TRANSFER Hamilton -0.70 N/A N/A N/A 11.33 416.12-0.55 11.54 423.93 Pt. Stanley -1.15 10.88 399.59-1.00 11.09 407.40 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 11.93 438.170.00 12.09 444.14 Toledo El. -0.37 11.66 428.39-0.59 11.49 422.35 Bank of Canada Noon exchange rate was 1.0198 up 0.0263 Chicago wheat closed slightly higher. DEC11 HI 6.34 JUL12 HI 7.06 1/2 LOW 6.12 LOW 6.87 1/4 CLOSE 6.30 Up 1 3/4 CLOSE 7.05 1/4 Up 1 Minni wheat closed slightly higher. MAR12 HI 8.70 SEP12 HI 8.19 LOW 8.53 1/2 LOW 8.01 1/4 CLOSE 8.62 3/4 Up 2 3/4 CLOSE 8.13 3/4 Up 5 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.20 0.72 -0.20 0.35 CAD $/bu 6.10 7.02 6.10 8.98 CAD $/tonne 224.25 257.89 224.25 329.93 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 -0.05 -0.60 N/A London -0.29 0.43 -0.19 N/A N/A 0.13 -0.43 N/A Hensall -0.25 N/A -0.25 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 -0.81 N/A N/A N/A -0.71 N/A Norwich -0.25 N/A -0.25 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 -0.25 N/A -0.25 N/A -0.05 N/A -0.50 N/A Chatham N/A 0.39 -0.11 N/A N/A 0.15 -0.40 N/A Brigden N/A 0.39 -0.11 N/A N/A 0.15 -0.40 N/A Palmerston N/A -0.70 -0.11 0.27 N/A -0.66 -0.41 0.11 Varna -0.15 0.65 -0.15 N/A 0.00 0.60 -0.45 N/A Mitchell -0.25 0.40 -0.25 N/A -0.15 0.30 -0.55 N/A Thornton N/A N/A N/A -0.79 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 0.82 0.21N/A 0.26 1.08 0.36N/A Toledo El. 6.17US 6.28CA 7.02US 7.18CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.25 0.57 -0.45 0.08 CAD $/bu 6.80 7.62 6.60 8.22 CAD $/tonne 249.94 279.99 242.42 301.97 (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 310.00 Bayport Barley 285.00 FOB Hm Soymeal 368.95 - 375.56 DDG's FOB Srn, Wndr, Aylm 223.00 - 245.00