FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 16 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0206 down 0.0029 Chicago corn closed slightly lower. DEC11 HI 6.48 DEC12 HI 5.83 LOW 6.36 3/4 LOW 5.75 1/2 CLOSE6.42 3/4 Down 2 3/4 CLOSE 5.81 1/4 Down 2 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR12+MAR12+MAR12 CK Low -0.35 6.08 239.26 -0.55 5.26 207.18 CK High -0.30 6.13 241.23 -0.50 5.31 209.14 CK Avg -0.34 -0.47 6.09 239.59 -0.51 -0.64 5.30 208.82 Essex Cty -0.40 6.03 237.29 -0.60 5.21 205.21 Mdsx Low -0.35 6.08 239.26 -0.50 5.31 209.14 Mdsx High -0.35 6.08 239.26 -0.50 5.31 209.14 Mdsx Avg -0.35 -0.48 6.08 239.26 -0.50 -0.63 5.31 209.14 Hensall -0.35 6.08 239.26 -0.50 5.31 209.14 Bruce -0.35 6.08 239.26 -0.50 5.31 209.14 Putnam -0.40 6.03 237.29 -0.50 5.31 209.14 Princeton -0.35 6.08 239.26 -0.50 5.31 209.14 Durham -0.40 6.03 237.29 -0.55 5.26 207.18 Norfolk -0.30 6.13 241.23 -0.50 5.31 209.14 Palmerston -0.40 6.03 237.29 -0.50 5.31 209.14 Varna -0.35 6.08 239.26 -0.50 5.31 209.14 Trenton -0.40 6.03 237.29 -0.55 5.26 207.18 Winchester -0.35 6.08 239.26 -0.60 5.21 205.21 North Gower -0.33 6.10 240.05N/A Huron FOB -0.35 6.08 239.26 -0.50 5.31 209.14 Kent FOB -0.30 6.13 241.23 -0.50 5.31 209.14 Lamb FOB -0.30 6.13 241.23 -0.50 5.31 209.14 Mdsx FOB -0.35 -0.20 -0.15 -0.10 6.08 239.26 -0.50 5.31 209.14 FOB SW Que -0.30 6.13 241.23 -0.25 5.56 218.99 Track 0.03 6.45 254.02N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.31 209.14 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.56 218.99 Aylmer-Eth -0.25 -0.25 -0.25 -0.20 6.18 243.20 N/A Sarn-Eth N/A 0.00 0.05 0.10 N/A Cllngwd-Eth -0.15N/A N/A N/A 6.28 247.13-0.20* 5.61 220.95 London-Cas 0.05 -0.05 0.00 0.00 6.48 255.01 -0.30 5.51 217.02 Pt.Colb-Cas 0.15 -0.15 0.00 0.05 6.58 258.94 -0.25 5.56 218.99 Cardnl-Cas N/A -0.40 0.00 0.05 -0.25 5.56 218.99 W O Feed 0.13 0.11 6.56 258.16 US Rep 0.45 0.43 6.88 270.76 Toledo El. 0.05 6.48 255.05 -0.54 5.27 207.48 TRANSFER Sarnia N/A N/A Pt. Stanley -0.35 6.08 239.26N/A Hamilton -0.05 6.38251 -0.24 5.57219 3/8 MID SD CRN -0.32 1/2 6.10 1/4 HI SD CRN -0.30 6.12 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0206 down 0.0029 Chicago soybeans closed slightly to moderately lower. JAN12 HI 12.03 NOV12 HI 12.12 LOW 11.82 3/4 LOW 11.95 CLOSE11.87 3/4 Down 12 1/2 CLOSE 12.01 3/4 Down 9 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.70 11.18 410.70-0.84 11.18 410.70 CK High -0.67 11.21 411.81-0.75 11.27 414.01 CK Average -0.69 -0.9411.18 410.95-0.79-1.0711.22 412.42 Essex Cty -0.82 11.06 406.29-0.86 11.16 409.97 Mdsx Low -0.65 11.23 412.54-0.85 11.17 410.34 Mdsx High -0.65 11.23 412.54-0.80 11.22 412.17 Mdsx Average -0.65 -0.8911.23 412.54-0.83-1.1011.19 411.25 Hensall -0.63 11.25 413.46-0.78 11.24 413.09 Bruce -0.65 11.23 412.54-0.80 11.22 412.17 Putnam -0.75 11.13 408.87-0.85 11.17 410.34 Princeton -0.59 11.29 414.74-0.79 11.23 412.54 Durham -0.68 11.20 411.44-0.88 11.14 409.23 Norfolk -0.62 11.26 413.64-0.76 11.26 413.64 Palmerston -0.65 11.23 412.54-0.75 11.27 414.01 Varna -0.65 11.23 412.54-0.75 11.27 414.01 Trenton -0.80 11.08 407.03-0.90 11.12 408.50 Winchester -0.64 11.24 412.91-0.74 11.28 414.38 North Gower -0.26 11.62 426.87 N/A Huron FOB -0.50 11.38 418.05-0.65 11.37 417.68 Kent FOB -0.67 11.21 411.81-0.82 11.20 411.44 Lambton FOB -0.67 11.21 411.81-0.82 11.20 411.44 Middlesex FOB-0.49-0.46 N/A N/A 11.39 418.42-0.64 11.38 418.05 PROCESSORS Hamilton -0.10-0.10-0.05-0.10 11.78 432.75-0.20 11.82 434.22 Windsor -0.59-0.33-0.27-0.32 11.29 414.74-0.60 11.42 419.52 Winchester -0.54 11.34 416.58-0.64 11.38 418.05 TRANSFER Hamilton -0.25 N/A N/A N/A 11.63 427.24-0.30 11.72 430.54 Pt. Stanley -0.69 11.19 411.07-0.75 11.27 414.01 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 11.88 436.420.05 12.07 443.40 Toledo El. -0.29 11.59 425.92-0.59 11.42 419.76 Bank of Canada Noon exchange rate was 1.0206 down 0.0029 Chicago wheat closed slightly to moderately lower. DEC11 HI 6.39 3/4 JUL12 HI 6.83 LOW 6.15 LOW 6.67 1/4 CLOSE 6.16 3/4 Down 16 CLOSE 6.72 1/4 Down 6 1/4 Minni wheat closed mixed. MAR12 HI 8.91 3/4 SEP12 HI 8.16 1/4 LOW 8.79 LOW 8.06 CLOSE 8.90 Up 7 3/4 CLOSE 8.11 3/4 Down 2 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.13 0.99 0.13 0.69 CAD $/bu 6.29 7.16 6.29 9.59 CAD $/tonne 231.29 263.16 231.29 352.51 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 0.71 0.11 N/A N/A 0.56 -0.27 N/A London 0.00 0.67 0.05 N/A N/A 0.53 -0.29 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 0.01 N/A N/A N/A -0.41 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 0.66 0.11 N/A N/A 0.56 -0.27 N/A Brigden N/A 0.66 0.11 N/A N/A 0.56 -0.27 N/A Palmerston N/A 0.88 0.06 0.86 N/A 0.59 -0.24 0.21 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 -0.94 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 0.48N/A 0.26 1.08 0.36N/A Toledo El. 6.09US 6.21CA 6.69US 6.85CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.05 0.87 -0.15 0.24 CAD $/bu 6.78 7.59 6.57 8.36 CAD $/tonne 248.96 279.04 241.44 307.04 (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 362.01 - 363.11 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00