FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 15 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0235 up 0.0057 Chicago corn closed moderately higher. DEC11 HI 6.45 3/4 DEC12 HI 5.83 3/4 LOW 6.31 1/4 LOW 5.73 CLOSE6.45 1/2 Up 12 CLOSE 5.83 1/2 Up 10 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR12+MAR12+MAR12 CK Low -0.40 6.06 238.37 -0.55 5.29 208.06 CK High -0.30 6.16 242.31 -0.50 5.34 210.03 CK Avg -0.36 -0.49 6.10 240.02 -0.51 -0.65 5.33 209.70 Essex Cty -0.45 6.01 236.41 -0.50 5.34 210.03 Mdsx Low -0.40 6.06 238.37 -0.50 5.34 210.03 Mdsx High -0.35 6.11 240.34 -0.50 5.34 210.03 Mdsx Avg -0.38 -0.51 6.08 239.36 -0.50 -0.64 5.34 210.03 Hensall -0.40 6.06 238.37 -0.50 5.34 210.03 Bruce -0.40 6.06 238.37 -0.50 5.34 210.03 Putnam -0.40 6.06 238.37 -0.50 5.34 210.03 Princeton -0.35 6.11 240.34 -0.50 5.34 210.03 Durham -0.40 6.06 238.37 -0.55 5.29 208.06 Norfolk -0.35 6.11 240.34 -0.50 5.34 210.03 Palmerston -0.35 6.11 240.34 -0.50 5.34 210.03 Varna -0.35 6.11 240.34 -0.50 5.34 210.03 Trenton -0.40 6.06 238.37 -0.55 5.29 208.06 Winchester -0.35 6.11 240.34 -0.60 5.24 206.09 North Gower -0.34 6.12 240.74N/A Huron FOB -0.40 6.06 238.37 -0.50 5.34 210.03 Kent FOB -0.35 6.11 240.34 -0.50 5.34 210.03 Lamb FOB -0.35 6.11 240.34 -0.50 5.34 210.03 Mdsx FOB -0.35 -0.20 -0.15 -0.10 6.11 240.34 -0.50 5.34 210.03 FOB SW Que -0.15 6.31 248.22 -0.25 5.59 219.87 Track 0.00 6.46 254.12N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.34 210.03 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.59 219.87 Aylmer-Eth -0.25 -0.25 -0.25 -0.20 6.21 244.28 N/A Sarn-Eth N/A 0.00 0.05 0.10 N/A Cllngwd-Eth -0.15N/A N/A N/A 6.31 248.22-0.20* 5.64 221.84 London-Cas 0.10 -0.10 -0.05 0.00 6.56 258.06 -0.30 5.54 217.90 Pt.Colb-Cas 0.15 -0.15 0.00 0.05 6.61 260.03 -0.25 5.59 219.87 Cardnl-Cas N/A -0.40 0.00 0.05 -0.25 5.59 219.87 W O Feed 0.13 0.11 6.59 259.24 US Rep 0.45 0.43 6.91 271.84 Toledo El. 0.05 6.51 256.13 -0.54 5.29 208.36 TRANSFER Sarnia N/A N/A Pt. Stanley -0.35 6.11 240.34N/A Hamilton -0.05 6.41252 1/7 -0.24 5.60220 1/4 MID SD CRN -0.35 6.10 1/2 HI SD CRN -0.30 6.15 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0235 up 0.0057 Chicago soybeans closed moderately higher. JAN12 HI 12.06 1/4 NOV12 HI 12.16 LOW 11.78 1/4 LOW 11.93 CLOSE12.00 1/4 Up 22 CLOSE 12.11 1/4 Up 18 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.73 11.27 414.19-0.88 11.23 412.72 CK High -0.70 11.30 415.30-0.75 11.36 417.50 CK Average -0.71 -0.9511.29 414.99-0.82-1.1011.30 415.05 Essex Cty -0.69 11.31 415.66-0.73 11.38 418.24 Mdsx Low -0.69 11.31 415.66-0.89 11.22 412.36 Mdsx High -0.65 11.35 417.13-0.80 11.31 415.66 Mdsx Average -0.67 -0.9111.33 416.40-0.85-1.1311.27 414.01 Hensall -0.65 11.35 417.13-0.80 11.31 415.66 Bruce -0.65 11.35 417.13-0.80 11.31 415.66 Putnam -0.75 11.25 413.46-0.85 11.26 413.83 Princeton -0.63 11.37 417.87-0.83 11.28 414.56 Durham -0.72 11.28 414.56-0.92 11.19 411.25 Norfolk -0.67 11.33 416.40-0.81 11.30 415.30 Palmerston -0.65 11.35 417.13-0.75 11.36 417.50 Varna -0.65 11.35 417.13-0.75 11.36 417.50 Trenton -0.80 11.20 411.62-0.90 11.21 411.99 Winchester -0.64 11.36 417.50-0.74 11.37 417.87 North Gower -0.39 11.61 426.69 N/A Huron FOB -0.55 11.45 420.81-0.70 11.41 419.34 Kent FOB -0.73 11.27 414.19-0.87 11.24 413.09 Lambton FOB -0.73 11.27 414.19-0.87 11.24 413.09 Middlesex FOB-0.53-0.50 N/A N/A 11.47 421.54-0.68 11.43 420.07 PROCESSORS Hamilton -0.15-0.15-0.05-0.10 11.85 435.50-0.20 11.91 437.71 Windsor -0.46-0.20-0.14-0.19 11.54 424.11-0.50 11.61 426.69 Winchester -0.59 11.41 419.34-0.69 11.42 419.71 TRANSFER Hamilton -0.25 N/A N/A N/A 11.75 431.83-0.30 11.81 434.04 Pt. Stanley -0.69 11.31 415.66-0.75 11.36 417.50 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 11.90 437.340.00 12.11 445.06 Toledo El. -0.29 11.72 430.52-0.59 11.52 423.24 Bank of Canada Noon exchange rate was 1.0235 up 0.0057 Chicago wheat closed slightly to moderately higher. DEC11 HI 6.34 1/4 JUL12 HI 6.81 3/4 LOW 6.12 1/4 LOW 6.68 CLOSE 6.32 3/4 Up 17 CLOSE 6.78 1/2 Up 6 Minni wheat closed slightly higher. MAR12 HI 8.85 SEP12 HI 8.19 LOW 8.74 LOW 8.11 1/4 CLOSE 8.82 1/4 Up 7 CLOSE 8.14 1/2 Up 3 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.13 1.00 0.13 0.69 CAD $/bu 6.46 7.32 6.46 9.51 CAD $/tonne 237.22 269.08 237.22 349.50 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 -0.30 N/A London -0.02 0.64 0.03 N/A N/A 0.50 -0.32 N/A Hensall 0.00 N/A 0.10 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 0.08 N/A N/A N/A -0.29 N/A Norwich 0.00 N/A 0.10 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 0.00 N/A 0.10 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 0.86 0.04 0.83 N/A 0.56 -0.26 0.19 Varna -0.05 0.75 -0.05 N/A 0.10 0.70 -0.35 N/A Mitchell 0.00 0.75 0.10 N/A 0.00 0.70 -0.30 N/A Thornton N/A N/A N/A -0.74 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 -0.20 N/A Pt. Stanley N/A N/A -0.05 N/A N/A N/A -0.65 N/A PROCESSORS Toledo FM N/A 0.94 0.49N/A 0.26 1.08 0.37N/A Toledo El. 6.25US 6.37CA 6.76US 6.91CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.06 0.88 -0.15 0.24 CAD $/bu 6.84 7.66 6.64 8.39 CAD $/tonne 251.44 281.53 243.92 308.23 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 295.00 Bayport Oats 310.00 Bayport Barley 285.00 FOB Hm Soymeal 367.52 - 368.62 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00