FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 9 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0173 up 0.0033 Chicago corn closed slightly lower to lower. DEC11 HI 6.66 DEC12 HI 6.18 1/4 LOW 6.46 3/4 LOW 5.94 CLOSE6.56 Down 4 1/2 CLOSE 5.96 1/2 Down 17 3/4 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 6.21 244.48 -0.55 5.42 213.18 CK High -0.30 6.26 246.45 -0.50 5.47 215.15 CK Avg -0.34 -0.49 6.22 244.94 -0.51 -0.66 5.46 214.82 Essex Cty -0.35 6.21 244.48 -0.50 5.47 215.15 Mdsx Low -0.35 6.21 244.48 -0.50 5.47 215.15 Mdsx High -0.35 6.21 244.48 -0.50 5.47 215.15 Mdsx Avg -0.35 -0.50 6.21 244.48 -0.50 -0.65 5.47 215.15 Hensall -0.35 6.21 244.48 -0.50 5.47 215.15 Bruce -0.35 6.21 244.48 -0.50 5.47 215.15 Putnam -0.35 6.21 244.48 -0.50 5.47 215.15 Princeton -0.35 6.21 244.48 -0.50 5.47 215.15 Durham -0.40 6.16 242.51 -0.55 5.42 213.18 Norfolk -0.33 6.23 245.26 -0.50 5.47 215.15 Palmerston -0.35 6.21 244.48 -0.50 5.47 215.15 Varna -0.35 6.21 244.48 -0.50 5.47 215.15 Trenton -0.40 6.16 242.51 -0.55 5.42 213.18 Winchester -0.35 6.21 244.48 -0.60 5.37 211.21 North Gower -0.33 6.23 245.26N/A Huron FOB -0.35 6.21 244.48 -0.50 5.47 215.15 Kent FOB -0.33 6.23 245.26 -0.50 5.47 215.15 Lamb FOB -0.33 6.23 245.26 -0.50 5.47 215.15 Mdsx FOB -0.35 -0.20 -0.15 -0.10 6.21 244.48 -0.50 5.47 215.15 FOB SW Que -0.32 6.24 245.66 -0.25 5.72 224.99 Track 0.00 6.56 258.26N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.47 215.15 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.72 224.99 Aylmer-Eth -0.25 -0.25 -0.25 -0.20 6.31 248.41 N/A Sarn-Eth 0.00 0.00 0.05 0.10 6.56 258.26N/A Cllngwd-Eth -0.15N/A N/A N/A 6.41 252.35-0.20* 5.77 226.96 London-Cas N/A -0.20 -0.05 0.00 -0.30 5.67 223.02 Pt.Colb-Cas 0.10 -0.15 0.00 0.05 6.66 262.19 -0.15 5.82 228.93 Cardnl-Cas N/A -0.60 0.00 0.05 -0.25 5.72 224.99 W O Feed 0.18 0.16 6.74 265.34 US Rep 0.40 0.38 6.96 274.00 Toledo El. 0.00 6.56 258.26 -0.54 5.42 213.44 TRANSFER Sarnia N/A N/A Pt. Stanley -0.35 6.21 244.48N/A Hamilton -0.05 6.51256 2/7 -0.20 5.77227 MID SD CRN -0.32 1/2 6.23 1/2 HI SD CRN -0.30 6.26 *Wet Bid Bank of Canada Noon exchange rate was 1.0173 up 0.0033 Chicago soybeans closed moderately lower. JAN12 HI 12.12 NOV12 HI 12.27 3/4 LOW 11.83 1/2 LOW 12.03 CLOSE11.85 1/2 Down 19 1/2 CLOSE 12.04 1/2 Down 19 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.80 11.06 406.20-0.87 11.18 410.61 CK High -0.72 11.14 409.14-0.80 11.25 413.18 CK Average -0.76 -1.0311.10 407.73-0.85-1.1511.20 411.41 Essex Cty -0.75 11.11 408.04-0.72 11.33 416.12 Mdsx Low -0.73 11.13 408.77-0.88 11.17 410.24 Mdsx High -0.70 11.16 409.88-0.85 11.20 411.35 Mdsx Average -0.72 -0.9811.14 409.32-0.87-1.1711.18 410.79 Hensall -0.68 11.18 410.79-0.80 11.25 413.18 Bruce -0.70 11.16 409.88-0.85 11.20 411.35 Putnam -0.75 11.11 408.04-0.85 11.20 411.35 Princeton -0.67 11.19 410.98-0.82 11.23 412.45 Durham -0.76 11.10 407.67-0.91 11.14 409.14 Norfolk -0.67 11.19 410.98-0.81 11.24 412.82 Palmerston -0.65 11.21 411.71-0.75 11.30 415.02 Varna -0.65 11.21 411.71-0.75 11.30 415.02 Trenton -0.80 11.06 406.20-0.90 11.15 409.51 Winchester -0.65 11.21 411.71-0.75 11.30 415.02 North Gower -0.15 11.71 430.09 N/A Huron FOB -0.55 11.31 415.39-0.65 11.40 418.69 Kent FOB -0.72 11.14 409.14-0.87 11.18 410.61 Lambton FOB -0.72 11.14 409.14-0.87 11.18 410.61 Middlesex FOB-0.53-0.52-0.52 N/A 11.33 416.12-0.67 11.38 417.96 PROCESSORS Hamilton -0.17-0.17-0.10-0.15 11.69 429.35-0.25 11.80 433.39 Windsor -0.50-0.19-0.13-0.18 11.36 417.22-0.49 11.56 424.57 Winchester -0.62 11.24 412.82-0.72 11.33 416.12 TRANSFER Hamilton -0.21 N/A N/A N/A 11.65 427.88-0.26 11.79 433.02 Pt. Stanley -0.62 11.24 412.82 N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 11.71 430.09-0.05 12.00 440.74 Toledo El. -0.26 11.60 426.20-0.59 11.45 420.73 Bank of Canada Noon exchange rate was 1.0173 up 0.0033 Chicago wheat closed moderately lower to lower. DEC11 HI 6.57 3/4 JUL12 HI 7.14 1/4 LOW 6.33 LOW 6.89 CLOSE 6.43 Down 14 CLOSE 6.95 Down 20 1/4 Minni wheat closed slightly lower to lower. MAR12 HI 8.93 SEP12 HI 8.33 3/4 LOW 8.65 1/4 LOW 8.07 CLOSE 8.76 Down 4 1/2 CLOSE 8.09 3/4 Down 26 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.15 1.01 0.15 0.71 CAD $/bu 6.58 7.44 6.58 9.47 CAD $/tonne 241.60 273.54 241.60 347.94 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 -0.07 0.64 -0.02 N/A N/A 0.45 -0.41 N/A Hensall -0.05 N/A 0.00 N/A 0.00 N/A -0.30 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 -0.01 N/A N/A N/A -0.37 N/A Norwich -0.05 N/A 0.00 N/A 0.00 N/A -0.30 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 -0.30 N/A Chatham N/A 0.63 0.08 N/A N/A 0.53 -0.30 N/A Brigden N/A 0.63 0.08 N/A N/A 0.53 -0.30 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 0.75 0.00 N/A 0.00 0.70 -0.30 N/A Thornton N/A N/A N/A -0.66 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 0.44 N/A N/A N/A -0.24 N/A Pt. Stanley N/A N/A -0.02 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A 0.86 0.25N/A 0.28 1.10 0.38N/A Toledo El. 6.30US 6.44CA 6.92US 7.09CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.07 0.89 -0.13 0.25 CAD $/bu 7.02 7.84 6.82 8.35 CAD $/tonne 258.02 288.15 250.48 306.89 (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 367.19 - 369.39 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00