FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.018 up 0.0053 Chicago corn closed slightly higher. DEC11 HI 6.57 1/2 DEC12 HI 6.14 1/4 LOW 6.44 1/2 LOW 6.02 CLOSE6.55 3/4 Up 2 1/4 CLOSE 6.12 3/4 Up 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 -0.35 6.21 244.38 -0.58 5.55 218.40 CK High -0.28 6.28 247.13 -0.48 5.65 222.33 CK Avg -0.31 -0.43 6.24 245.82 -0.52 -0.65 5.61 220.82 Essex Cty -0.30 6.26 246.35 -0.60 5.53 217.61 Mdsx Low -0.35 6.21 244.38 -0.50 5.63 221.54 Mdsx High -0.30 6.26 246.35 -0.50 5.63 221.54 Mdsx Avg -0.33 -0.45 6.23 245.36 -0.50 -0.63 5.63 221.54 Hensall -0.35 6.21 244.38 -0.50 5.63 221.54 Bruce -0.35 6.21 244.38 -0.50 5.63 221.54 Putnam -0.35 6.21 244.38 -0.50 5.63 221.54 Princeton -0.40 6.16 242.41 -0.55 5.58 219.58 Durham -0.40 6.16 242.41 -0.55 5.58 219.58 Norfolk -0.28 6.28 247.13 -0.48 5.65 222.33 Palmerston -0.35 6.21 244.38 -0.50 5.63 221.54 Varna -0.35 6.21 244.38 -0.50 5.63 221.54 Trenton -0.40 6.16 242.41 -0.55 5.58 219.58 Winchester -0.35 6.21 244.38 -0.50 5.63 221.54 North Gower -0.33 6.23 245.17N/A Huron FOB -0.35 6.21 244.38 -0.50 5.63 221.54 Kent FOB -0.28 6.28 247.13 -0.48 5.65 222.33 Lamb FOB -0.28 6.28 247.13 -0.48 5.65 222.33 Mdsx FOB -0.30 -0.30 -0.20 -0.15 6.26 246.35 -0.50 5.63 221.54 FOB SW Que -0.35 6.21 244.38 -0.25 5.88 231.39 Track 0.03 6.58 259.14N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.63 221.54 Jhnstwn-Eth N/A -0.25 -0.25 -0.20 -0.25 5.88 231.39 Aylmer-Eth -0.25 -0.25 -0.25 -0.20 6.31 248.32 N/A Sarn-Eth 0.00 0.00 0.05 0.10 6.56 258.16N/A Cllngwd-Eth -0.15N/A N/A N/A 6.41 252.25-0.30* 5.83 229.42 London-Cas N/A -0.20 -0.05 0.00 -0.30 5.83 229.42 Pt.Colb-Cas 0.05 -0.15 0.00 0.05 6.61 260.13 -0.15 5.98 235.32 Cardnl-Cas N/A -0.60 0.00 0.05 -0.25 5.88 231.39 W O Feed 0.18 0.16 6.74 265.24 US Rep 0.40 0.38 6.96 273.90 Toledo El. 0.00 6.56 258.16 -0.54 5.59 219.93 TRANSFER Sarnia N/A N/A Pt. Stanley -0.32 6.24 245.56N/A Hamilton -0.05 6.51256 1/5 -0.22 5.91232 4/7 MID SD CRN -0.31 1/2 6.24 1/4 HI SD CRN -0.28 6.27 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.018 up 0.0053 Chicago soybeans closed slightly lower. JAN12 HI 12.31 NOV12 HI 12.38 LOW 12.18 3/4 LOW 12.26 1/4 CLOSE12.21 Down 6 1/4 CLOSE 12.30 Down 6 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.82 11.39 418.51-0.91 11.39 418.51 CK High -0.75 11.46 421.08-0.85 11.45 420.72 CK Average -0.78 -1.0011.44 420.16-0.86-1.1211.44 420.23 Essex Cty -0.72 11.49 422.19-0.76 11.54 424.02 Mdsx Low -0.82 11.39 418.51-0.92 11.38 418.14 Mdsx High -0.65 11.56 424.76-0.75 11.55 424.39 Mdsx Average -0.74 -0.9611.48 421.63-0.84-1.0911.47 421.27 Hensall -0.68 11.54 423.84-0.78 11.53 423.47 Bruce -0.75 11.46 421.08-0.85 11.45 420.72 Putnam -0.65 11.56 424.76-0.75 11.55 424.39 Princeton -0.85 11.36 417.41-0.95 11.35 417.04 Durham -0.85 11.36 417.41-0.95 11.35 417.04 Norfolk -0.72 11.49 422.19-0.81 11.49 422.19 Palmerston -0.70 11.51 422.92-0.85 11.45 420.72 Varna -0.70 11.51 422.92-0.80 11.50 422.55 Trenton -0.85 11.36 417.41-0.95 11.35 417.04 Winchester -0.70 11.51 422.92-0.80 11.50 422.55 North Gower -0.31 11.90 437.25 N/A Huron FOB -0.60 11.61 426.59-0.70 11.60 426.23 Kent FOB -0.77 11.44 420.35-0.87 11.43 419.98 Lambton FOB -0.77 11.44 420.35-0.87 11.43 419.98 Middlesex FOB-0.70-0.56-0.56 N/A 11.51 422.92-0.71 11.59 425.86 PROCESSORS Hamilton -0.25-0.30-0.20-0.15 11.96 439.45-0.25 12.05 442.76 Windsor -0.50-0.23-0.18-0.22 11.71 430.27-0.54 11.76 432.11 Winchester -0.63 11.58 425.49-0.73 11.57 425.12 TRANSFER Hamilton -0.15 N/A N/A N/A 12.06 443.13-0.29 12.01 441.29 Pt. Stanley -0.56 11.65 428.06 N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.25 11.96 439.45-0.10 12.20 448.27 Toledo El. -0.25 11.96 439.29-0.59 11.71 430.19 Bank of Canada Noon exchange rate was 1.018 up 0.0053 Chicago wheat closed mixed. DEC11 HI 6.40 JUL12 HI 7.06 LOW 6.23 1/4 LOW 6.90 1/2 CLOSE 6.36 3/4 Up 3/4 CLOSE 7.01 Down 3 1/2 Minni wheat closed mixed. MAR12 HI 8.76 1/2 SEP12 HI 8.14 LOW 8.63 LOW 8.03 1/2 CLOSE 8.71 1/2 Up 3 1/2 CLOSE 8.11 3/4 Down 1 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.14 0.78 -0.14 0.41 CAD $/bu 6.23 7.15 6.23 9.13 CAD $/tonne 228.90 262.58 228.90 335.45 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 0.65 -0.05 N/A N/A 0.50 -0.40 N/A London -0.19 0.52 -0.09 N/A N/A 0.33 -0.43 N/A Hensall -0.05 N/A 0.00 N/A 0.00 N/A -0.40 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 N/A N/A N/A N/A -0.30 Essex N/A N/A -0.04 N/A N/A N/A -0.40 N/A Norwich -0.05 N/A 0.00 N/A 0.00 N/A -0.40 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.05 N/A 0.00 N/A 0.00 N/A -0.40 N/A Chatham N/A 0.63 0.03 N/A N/A 0.53 -0.37 N/A Brigden N/A 0.63 0.03 N/A N/A 0.53 -0.37 N/A Palmerston N/A 0.70 -0.11 0.27 N/A 0.66 -0.41 0.11 Varna -0.05 0.75 -0.05 N/A 0.10 0.70 -0.35 N/A Mitchell -0.05 0.60 0.00 N/A 0.00 0.50 -0.40 N/A Thornton N/A N/A N/A -0.72 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 0.31 N/A N/A N/A -0.31 N/A Pt. Stanley N/A N/A -0.15 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A 0.83 0.22N/A 0.25 1.06 0.35N/A Toledo El. 6.24US 6.35CA 6.98US 7.12CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.16 0.66 -0.37 0.17 CAD $/bu 6.85 7.67 6.64 8.29 CAD $/tonne 251.66 281.66 244.16 304.45 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 298.00 Bayport Oats 310.00 Bayport Barley 285.00 FOB Hm Soymeal 380.74 - 381.85 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00