FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0126 down 0.0072 Chicago corn closed slightly to moderately lower. DEC11 HI 6.59 1/2 DEC12 HI 6.09 3/4 LOW 6.40 1/2 LOW 6.00 1/2 CLOSE6.45 Down 9 1/4 CLOSE 6.05 1/2 Down 1 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 6.05 238.18 -0.55 5.51 216.72 CK High -0.30 6.15 242.11 -0.50 5.56 218.69 CK Avg -0.33 -0.43 6.12 240.80 -0.51 -0.60 5.55 218.36 Essex Cty -0.30 6.15 242.11 -0.55 5.51 216.72 Mdsx Low -0.35 6.10 240.15 -0.50 5.56 218.69 Mdsx High -0.30 6.15 242.11 -0.50 5.56 218.69 Mdsx Avg -0.33 -0.42 6.13 241.13 -0.50 -0.59 5.56 218.69 Hensall -0.35 6.10 240.15 -0.50 5.56 218.69 Bruce -0.40 6.05 238.18 -0.55 5.51 216.72 Putnam -0.35 6.10 240.15 -0.50 5.56 218.69 Princeton -0.30 6.15 242.11 -0.50 5.56 218.69 Durham -0.35 6.10 240.15 -0.55 5.51 216.72 Norfolk -0.30 6.15 242.11 -0.50 5.56 218.69 Palmerston -0.35 6.10 240.15 -0.50 5.56 218.69 Varna -0.35 6.10 240.15 -0.50 5.56 218.69 Trenton -0.40 6.05 238.18 -0.60 5.46 214.75 Winchester -0.35 6.10 240.15 -0.60 5.46 214.75 North Gower -0.24 6.21 244.48N/A Huron FOB -0.35 6.10 240.15 -0.50 5.56 218.69 Kent FOB -0.30 6.15 242.11 -0.50 5.56 218.69 Lamb FOB -0.30 6.15 242.11 -0.50 5.56 218.69 Mdsx FOB -0.30 -0.30 -0.20 -0.15 6.15 242.11 -0.50 5.56 218.69 FOB SW Que -0.35 6.10 240.15 -0.15 5.91 232.47 Track 0.03 6.48 254.91N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.56 218.69 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.81 228.53 Aylmer-Eth -0.25 -0.25 -0.25 -0.20 6.20 244.08 N/A Sarn-Eth -0.30 -0.10 0.00 0.05 6.15 242.11N/A Cllngwd-Eth -0.15N/A N/A N/A 6.30 248.02-0.30* 5.76 226.56 London-Cas N/A -0.20 -0.05 0.00 -0.30 5.76 226.56 Pt.Colb-Cas 0.05 -0.15 0.00 0.05 6.50 255.89 -0.20 5.86 230.50 Cardnl-Cas N/A -0.60 0.00 0.05 -0.25 5.81 228.53 W O Feed 0.19 0.18 6.64 261.41 US Rep 0.40 0.39 6.85 269.67 Toledo El. 0.05 6.50 255.92 -0.54 5.52 217.19 TRANSFER Sarnia N/A N/A Pt. Stanley -0.30 6.15 242.11N/A Hamilton -0.25 6.20244 -0.25 5.81228 1/2 MID SD CRN -0.35 6.10 HI SD CRN -0.30 6.15 *Wet Bid Bank of Canada Noon exchange rate was 1.0126 down 0.0072 Chicago soybeans closed slightly higher. JAN12 HI 12.18 1/2 NOV12 HI 12.23 3/4 LOW 11.96 1/2 LOW 12.03 1/2 CLOSE12.02 3/4 Up 1/4 CLOSE 12.14 Up 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.85 11.18 410.70-0.95 11.19 411.16 CK High -0.80 11.23 412.54-0.90 11.24 413.00 CK Average -0.83 -1.0111.20 411.50-0.93-1.1211.21 411.96 Essex Cty -0.78 11.25 413.27-0.82 11.32 415.94 Mdsx Low -0.89 11.14 409.23-0.96 11.18 410.79 Mdsx High -0.75 11.28 414.38-0.85 11.29 414.84 Mdsx Average -0.82 -1.0011.21 411.81-0.91-1.0911.24 412.82 Hensall -0.75 11.28 414.38-0.85 11.29 414.84 Bruce -0.95 11.08 407.03-0.95 11.19 411.16 Putnam -0.75 11.28 414.38-0.85 11.29 414.84 Princeton -0.83 11.20 411.44-0.90 11.24 413.00 Durham -0.92 11.11 408.13-0.99 11.15 409.69 Norfolk -0.78 11.25 413.27-0.81 11.33 416.31 Palmerston -0.95 11.08 407.03-0.95 11.19 411.16 Varna -0.85 11.18 410.70-0.90 11.24 413.00 Trenton -0.90 11.13 408.87-1.00 11.14 409.32 Winchester -0.80 11.23 412.54-0.90 11.24 413.00 North Gower 0.08 12.11 444.87 N/A Huron FOB -0.65 11.38 418.05-0.75 11.39 418.51 Kent FOB -0.83 11.20 411.44-0.93 11.21 411.90 Lambton FOB -0.83 11.20 411.44-0.93 11.21 411.90 Middlesex FOB-0.74-0.59-0.59 N/A 11.29 414.74-0.75 11.39 418.51 PROCESSORS Hamilton -0.30-0.35-0.25-0.20 11.73 430.91-0.30 11.84 435.05 Windsor -0.55-0.29-0.23-0.28 11.48 421.73-0.59 11.55 424.39 Winchester -0.70 11.33 416.21-0.80 11.34 416.67 TRANSFER Hamilton -0.33 N/A N/A N/A 11.70 429.81-0.31 11.83 434.68 Pt. Stanley -0.83 11.20 411.44 N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 11.93 438.260.00 12.14 446.07 Toledo El. -0.33 11.69 429.63-0.59 11.55 424.43 Bank of Canada Noon exchange rate was 1.0126 down 0.0072 Chicago wheat closed slightly lower. DEC11 HI 6.38 1/2 JUL12 HI 7.12 LOW 6.20 1/4 LOW 6.92 3/4 CLOSE 6.23 1/2 Down 6 1/2 CLOSE 6.98 Down 7 1/4 Minni wheat closed narrowly mixed. MAR12 HI 8.74 3/4 SEP12 HI 8.19 1/4 LOW 8.58 1/4 LOW 8.10 1/4 CLOSE 8.64 1/2 Up 1 3/4 CLOSE 8.13 1/2 Down 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.21 0.70 -0.21 0.33 CAD $/bu 6.02 6.94 6.02 8.98 CAD $/tonne 221.37 254.94 221.37 329.91 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 0.25 -0.20 N/A N/A 0.10 -0.40 N/A London -0.31 0.40 -0.21 N/A N/A 0.10 -0.46 N/A Hensall -0.20 N/A -0.25 N/A -0.15 N/A -0.55 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 -0.43 N/A N/A N/A -0.48 N/A Norwich -0.20 N/A -0.25 N/A -0.15 N/A -0.55 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.20 N/A -0.25 N/A -0.05 N/A -0.45 N/A Chatham N/A 0.60 0.00 N/A N/A 0.50 -0.40 N/A Brigden N/A 0.60 0.00 N/A N/A 0.50 -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 -0.20 0.40 -0.25 N/A -0.15 0.40 -0.50 N/A Thornton N/A N/A N/A -0.94 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 0.30 N/A N/A N/A -0.22 N/A Pt. Stanley N/A N/A -0.16 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A 0.80 0.20N/A 0.21 1.02 0.31N/A Toledo El. 6.11US 6.20CA 6.95US 7.06CA 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 -0.50 0.02 CAD $/bu 6.68 7.49 6.48 8.16 CAD $/tonne 245.53 275.38 238.07 299.82 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 295.00 - 298.00 Bayport Oats 310.00 Bayport Barley 285.00 FOB Hm Soymeal 375.34 - 376.45 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00