FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.014 down 0.0032 Chicago corn closed slightly to moderately higher. DEC11 HI 6.64 DEC12 HI 6.17 LOW 6.52 LOW 6.10 1/2 CLOSE6.60 1/2 Up 7 1/4 CLOSE 6.14 1/4 Up 2 1/4 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 6.26 246.25 -0.55 5.59 220.17 CK High -0.30 6.31 248.22 -0.50 5.64 222.14 CK Avg -0.32 -0.39 6.29 247.56 -0.51 -0.62 5.63 221.81 Essex Cty -0.30 6.31 248.22 -0.50 5.64 222.14 Mdsx Low -0.35 6.26 246.25 -0.50 5.64 222.14 Mdsx High -0.30 6.31 248.22 -0.50 5.64 222.14 Mdsx Avg -0.33 -0.39 6.28 247.23 -0.50 -0.61 5.64 222.14 Hensall -0.35 6.26 246.25 -0.50 5.64 222.14 Bruce -0.35 6.26 246.25 -0.50 5.64 222.14 Putnam -0.35 6.26 246.25 -0.50 5.64 222.14 Princeton -0.30 6.31 248.22 -0.50 5.64 222.14 Durham -0.40 6.21 244.28 -0.55 5.59 220.17 Norfolk -0.30 6.31 248.22 -0.50 5.64 222.14 Palmerston -0.35 6.26 246.25 -0.50 5.64 222.14 Varna -0.35 6.26 246.25 -0.50 5.64 222.14 Trenton -0.40 6.21 244.28 -0.55 5.59 220.17 Winchester -0.35 6.26 246.25 -0.60 5.54 218.20 North Gower -0.33 6.28 247.04N/A Huron FOB -0.35 6.26 246.25 -0.50 5.64 222.14 Kent FOB -0.30 6.31 248.22 -0.50 5.64 222.14 Lamb FOB -0.30 6.31 248.22 -0.50 5.64 222.14 Mdsx FOB -0.30 -0.30 -0.20 -0.15 6.31 248.22 -0.50 5.64 222.14 FOB SW Que -0.32 6.29 247.43 -0.25 5.89 231.98 Track 0.03 6.63 261.01N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.64 222.14 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.89 231.98 Aylmer-Eth -0.25 -0.25 -0.25 -0.20 6.36 250.19 N/A Sarn-Eth 0.00 0.00 0.05 0.10 6.61 260.03N/A Cllngwd-Eth -0.15N/A N/A N/A 6.46 254.12-0.30* 5.84 230.01 London-Cas N/A -0.20 -0.05 0.00 -0.30 5.84 230.01 Pt.Colb-Cas 0.10 -0.15 0.00 0.05 6.71 263.96 -0.15 5.99 235.91 Cardnl-Cas N/A -0.60 0.00 0.05 -0.25 5.89 231.98 W O Feed 0.18 0.17 6.79 267.11 US Rep 0.40 0.39 7.01 275.77 Toledo El. 0.00 6.61 260.03 -0.54 5.60 220.58 TRANSFER Sarnia N/A N/A Pt. Stanley -0.33 6.28 247.04N/A Hamilton -0.05 6.56258 -0.25 5.89232 MID SD CRN -0.32 1/2 6.28 HI SD CRN -0.30 6.30 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.014 down 0.0032 Chicago soybeans closed slightly higher. JAN12 HI 12.17 1/4 NOV12 HI 12.32 1/4 LOW 11.99 3/4 LOW 12.17 1/4 CLOSE12.05 Up 3 1/4 CLOSE 12.23 1/2 Up 5 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.90 11.15 409.69-0.93 11.31 415.39 CK High -0.80 11.25 413.37-0.85 11.39 418.33 CK Average -0.83 -0.9511.22 412.39-0.89-1.1111.34 416.73 Essex Cty -0.86 11.19 411.16-0.85 11.39 418.33 Mdsx Low -0.79 11.26 413.73-0.94 11.30 415.02 Mdsx High -0.75 11.30 415.20-0.85 11.39 418.33 Mdsx Average -0.77 -0.9011.28 414.47-0.90-1.1111.34 416.67 Hensall -0.73 11.33 416.12-0.83 11.41 419.25 Bruce -0.75 11.30 415.20-0.80 11.44 420.16 Putnam -0.70 11.35 417.04-0.85 11.39 418.33 Princeton -0.73 11.32 415.94-0.88 11.36 417.22 Durham -0.82 11.23 412.63-0.97 11.27 413.92 Norfolk -0.78 11.27 414.10-0.87 11.37 417.59 Palmerston -0.70 11.35 417.04-0.85 11.39 418.33 Varna -0.70 11.35 417.04-0.80 11.44 420.16 Trenton -0.90 11.15 409.69-1.00 11.24 412.82 Winchester -0.72 11.33 416.31-0.82 11.42 419.43 North Gower -0.31 11.74 431.37 N/A Huron FOB -0.60 11.45 420.72-0.70 11.54 423.84 Kent FOB -0.83 11.22 412.26-0.93 11.31 415.39 Lambton FOB -0.83 11.22 412.26-0.93 11.31 415.39 Middlesex FOB-0.63-0.58-0.58 N/A 11.42 419.61-0.73 11.51 422.74 PROCESSORS Hamilton -0.25-0.25-0.20-0.25 11.80 433.58-0.35 11.89 436.70 Windsor -0.53-0.32-0.26-0.31 11.52 423.29-0.62 11.62 426.78 Winchester -0.60 11.45 420.72-0.70 11.54 423.84 TRANSFER Hamilton -0.30 N/A N/A N/A 11.75 431.74-0.35 11.89 436.70 Pt. Stanley -0.70 11.35 417.04-0.80 11.44 420.16 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 11.90 437.25-0.05 12.19 447.72 Toledo El. -0.25 11.80 433.48-0.59 11.64 427.87 Bank of Canada Noon exchange rate was 1.014 down 0.0032 Chicago wheat closed moderately higher. DEC11 HI 6.59 1/4 JUL12 HI 7.17 3/4 LOW 6.36 3/4 LOW 6.99 1/4 CLOSE 6.57 Up 18 1/4 CLOSE 7.15 1/4 Up 11 1/4 Minni wheat closed moderately higher to higher. MAR12 HI 8.85 1/2 SEP12 HI 8.41 1/4 LOW 8.61 1/4 LOW 8.10 3/4 CLOSE 8.80 1/2 Up 16 3/4 CLOSE 8.36 Up 24 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.13 0.78 -0.13 0.50 CAD $/bu 6.44 7.35 6.44 9.30 CAD $/tonne 236.52 269.93 236.52 341.78 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 0.00 N/A N/A 0.50 -0.40 N/A London -0.10 0.61 -0.08 N/A N/A 0.41 -0.45 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 -0.08 N/A N/A N/A -0.45 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 0.60 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 0.80 -0.02 0.62 N/A 0.65 -0.41 0.11 Varna -0.05 0.75 -0.05 N/A 0.10 0.70 -0.35 N/A Mitchell -0.05 0.70 0.00 N/A 0.00 0.70 -0.40 N/A Thornton N/A N/A N/A -0.63 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 0.40 N/A N/A N/A -0.10 N/A Pt. Stanley N/A N/A -0.05 N/A N/A N/A -0.41 N/A PROCESSORS Toledo FM N/A 0.78 0.17N/A 0.23 1.04 0.33N/A Toledo El. 6.44US 6.51CA 7.12US 7.25CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.08 0.74 -0.28 0.15 CAD $/bu 7.08 7.89 6.87 8.51 CAD $/tonne 260.01 289.93 252.53 312.65 (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 372.15 - 373.25 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00