FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 11 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.019 up 0.0000 Chicago corn closed moderately lower. DEC11 HI 6.50 1/2 DEC12 HI 5.85 LOW 6.36 1/2 LOW 5.69 1/4 CLOSE6.38 1/2 Down 7 CLOSE 5.74 Down 8 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 5.99 235.62 -0.55 5.19 204.32 CK High -0.30 6.09 239.56 -0.50 5.24 206.29 CK Avg -0.36 -0.45 6.03 237.26 -0.51 -0.60 5.23 205.96 Essex Cty -0.45 5.94 233.65 -0.55 5.19 204.32 Mdsx Low -0.40 5.99 235.62 -0.50 5.24 206.29 Mdsx High -0.35 6.04 237.59 -0.50 5.24 206.29 Mdsx Avg -0.38 -0.47 6.01 236.60 -0.50 -0.59 5.24 206.29 Hensall -0.38 6.01 236.60 -0.50 5.24 206.29 Bruce -0.40 5.99 235.62 -0.50 5.24 206.29 Putnam -0.40 5.99 235.62 -0.50 5.24 206.29 Princeton -0.35 6.04 237.59 -0.50 5.24 206.29 Durham -0.40 5.99 235.62 -0.55 5.19 204.32 Norfolk -0.35 6.04 237.59 -0.50 5.24 206.29 Palmerston -0.35 6.04 237.59 -0.50 5.24 206.29 Varna -0.35 6.04 237.59 -0.50 5.24 206.29 Trenton -0.40 5.99 235.62 -0.55 5.19 204.32 Winchester -0.35 6.04 237.59 -0.60 5.14 202.35 North Gower -0.29 6.10 239.95N/A Huron FOB -0.35 6.04 237.59 -0.50 5.24 206.29 Kent FOB -0.35 6.04 237.59 -0.50 5.24 206.29 Lamb FOB -0.35 6.04 237.59 -0.50 5.24 206.29 Mdsx FOB -0.35 -0.20 -0.15 -0.10 6.04 237.59 -0.50 5.24 206.29 FOB SW Que -0.35 6.04 237.59 -0.30 5.44 214.16 Track 0.00 6.39 251.37N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.24 206.29 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.49 216.13 Aylmer-Eth -0.25 -0.25 -0.25 -0.20 6.14 241.52 N/A Sarn-Eth N/A 0.00 0.05 0.10 N/A Cllngwd-Eth -0.15N/A N/A N/A 6.24 245.46-0.20* 5.54 218.10 London-Cas N/A -0.20 -0.05 0.00 -0.30 5.44 214.16 Pt.Colb-Cas 0.05 -0.15 0.00 0.05 6.44 253.33 -0.25 5.49 216.13 Cardnl-Cas N/A -0.60 0.00 0.05 -0.25 5.49 216.13 W O Feed 0.16 0.14 6.55 257.67 US Rep 0.40 0.38 6.79 267.11 Toledo El. 0.00 6.39 251.37 -0.54 5.20 204.79 TRANSFER Sarnia N/A N/A Pt. Stanley -0.35 6.04 237.59N/A Hamilton -0.05 6.34249 2/5 -0.20 5.54218 1/9 MID SD CRN -0.35 6.03 1/2 HI SD CRN -0.30 6.08 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.019 up 0.0000 Chicago soybeans closed slightly higher. JAN12 HI 11.81 NOV12 HI 11.97 LOW 11.68 LOW 11.85 CLOSE11.75 1/2 Up 8 CLOSE 11.92 1/2 Up 6 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.83 10.93 401.43-0.95 10.98 403.26 CK High -0.72 11.04 405.47-0.80 11.13 408.77 CK Average -0.77 -0.9310.99 403.75-0.85-1.0311.08 407.12 Essex Cty -0.84 10.92 401.06-0.83 11.10 407.67 Mdsx Low -0.79 10.97 402.89-0.80 11.13 408.77 Mdsx High -0.70 11.06 406.20-0.74 11.19 410.98 Mdsx Average -0.75 -0.9111.01 404.55-0.77-0.9511.16 409.88 Hensall -0.68 11.08 407.12-0.78 11.15 409.69 Bruce -0.70 11.06 406.20-0.80 11.13 408.77 Putnam -0.75 11.01 404.36-0.85 11.08 406.94 Princeton -0.73 11.03 405.10-0.88 11.05 405.83 Durham -0.82 10.94 401.79-0.97 10.96 402.53 Norfolk -0.67 11.09 407.30-0.81 11.12 408.41 Palmerston -0.65 11.11 408.04-0.75 11.18 410.61 Varna -0.65 11.11 408.04-0.75 11.18 410.61 Trenton -0.90 10.86 398.85-1.00 10.93 401.43 Winchester -0.72 11.04 405.47-0.82 11.11 408.04 North Gower -0.31 11.45 420.53 N/A Huron FOB -0.55 11.21 411.71-0.65 11.28 414.29 Kent FOB -0.72 11.04 405.47-0.87 11.06 406.20 Lambton FOB -0.72 11.04 405.47-0.87 11.06 406.20 Middlesex FOB-0.65-0.58-0.58 N/A 11.11 408.04-0.73 11.20 411.35 PROCESSORS Hamilton -0.25-0.25-0.20-0.25 11.51 422.74-0.30 11.63 427.15 Windsor -0.61-0.30-0.24-0.28 11.15 409.51-0.60 11.33 416.12 Winchester -0.56 11.20 411.35-0.66 11.27 413.92 TRANSFER Hamilton -0.21 N/A N/A N/A 11.55 424.21-0.26 11.67 428.62 Pt. Stanley -0.62 11.14 409.14 N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 11.66 428.250.00 11.93 438.17 Toledo El. -0.28 11.47 421.49-0.59 11.34 416.53 Bank of Canada Noon exchange rate was 1.019 up 0.0000 Chicago wheat closed mixed. DEC11 HI 6.25 3/4 JUL12 HI 6.85 LOW 6.09 1/2 LOW 6.70 1/4 CLOSE 6.16 3/4 Down 3 1/4 CLOSE 6.81 Up 3/4 Minni wheat closed slightly to moderately higher. MAR12 HI 8.83 SEP12 HI 8.19 1/4 LOW 8.71 LOW 8.04 CLOSE 8.80 Up 8 3/4 CLOSE 8.16 1/4 Up 12 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.09 0.95 0.09 0.63 CAD $/bu 6.25 7.12 6.25 9.43 CAD $/tonne 229.81 261.48 229.81 346.53 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 -0.30 N/A London -0.10 0.61 -0.05 N/A N/A 0.42 -0.39 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 -0.07 N/A N/A N/A -0.39 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 0.79 -0.02 1.00 N/A 0.50 -0.33 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 -1.03 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 0.90 0.44N/A 0.21 1.02 0.31N/A Toledo El. 6.04US 6.12CA 6.78US 6.88CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.00 0.81 -0.20 0.18 CAD $/bu 6.81 7.62 6.61 8.34 CAD $/tonne 250.30 280.15 242.84 306.35 (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 363.22 - 365.42 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00