FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, November 17 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0226 up 0.0020 Chicago corn closed lower to sharply lower. DEC11 HI 6.41 3/4 DEC12 HI 5.80 3/4 LOW 6.10 1/4 LOW 5.58 CLOSE6.14 1/2 Down 28 1/4 CLOSE 5.60 1/4 Down 21 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 5.80 228.14 -0.55 5.05 198.91 CK High -0.30 5.85 230.11 -0.50 5.10 200.88 CK Avg -0.34 -0.52 5.80 228.47 -0.51 -0.67 5.09 200.55 Essex Cty -0.30 5.85 230.11 -0.50 5.10 200.88 Mdsx Low -0.35 5.80 228.14 -0.50 5.10 200.88 Mdsx High -0.35 5.80 228.14 -0.50 5.10 200.88 Mdsx Avg -0.35 -0.53 5.80 228.14 -0.50 -0.67 5.10 200.88 Hensall -0.35 5.80 228.14 -0.50 5.10 200.88 Bruce -0.35 5.80 228.14 -0.50 5.10 200.88 Putnam -0.40 5.75 226.17 -0.50 5.10 200.88 Princeton -0.35 5.80 228.14 -0.50 5.10 200.88 Durham -0.40 5.75 226.17 -0.55 5.05 198.91 Norfolk -0.30 5.85 230.11 -0.50 5.10 200.88 Palmerston -0.35 5.80 228.14 -0.50 5.10 200.88 Varna -0.35 5.80 228.14 -0.50 5.10 200.88 Trenton -0.40 5.75 226.17 -0.55 5.05 198.91 Winchester -0.35 5.80 228.14 -0.60 5.00 196.94 North Gower -0.06 6.09 239.56N/A Huron FOB -0.35 5.80 228.14 -0.50 5.10 200.88 Kent FOB -0.30 5.85 230.11 -0.50 5.10 200.88 Lamb FOB -0.30 5.85 230.11 -0.50 5.10 200.88 Mdsx FOB -0.35 -0.20 -0.15 -0.10 5.80 228.14 -0.50 5.10 200.88 FOB SW Que -0.30 5.85 230.11 -0.25 5.35 210.72 Track 0.03 6.17 242.90N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.10 200.88 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.35 210.72 Aylmer-Eth -0.25 -0.25 -0.25 -0.20 5.90 232.08 N/A Sarn-Eth N/A 0.00 0.05 0.10 N/A Cllngwd-Eth -0.15N/A N/A N/A 6.00 236.01-0.20* 5.40 212.69 London-Cas N/A 0.00 -0.05 0.00 -0.30 5.30 208.75 Pt.Colb-Cas 0.15 -0.15 0.00 0.05 6.30 247.82 -0.25 5.35 210.72 Cardnl-Cas N/A -0.40 0.00 0.05 -0.25 5.35 210.72 W O Feed 0.13 0.11 6.28 247.04 US Rep 0.45 0.43 6.60 259.63 Toledo El. 0.05 6.20 243.94 -0.55 5.06 199.08 TRANSFER Sarnia N/A N/A Pt. Stanley -0.35 5.80 228.14N/A Hamilton -0.05 6.10240 -0.24 5.36211 1/9 MID SD CRN -0.32 1/2 5.821 HI SD CRN -0.30 5.84 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0226 up 0.0020 Chicago soybeans closed moderately lower. JAN12 HI 11.92 NOV12 HI 12.08 LOW 11.62 LOW 11.77 CLOSE11.68 1/4 Down 19 1/2 CLOSE 11.79 1/2 Down 22 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.70 10.98 403.54-0.84 10.96 402.53 CK High -0.60 11.08 407.21-0.70 11.10 407.67 CK Average -0.68 -1.0111.01 404.40-0.79-1.1311.01 404.55 Essex Cty -0.62 11.06 406.48-0.66 11.14 409.14 Mdsx Low -0.65 11.03 405.37-0.85 10.95 402.16 Mdsx High -0.64 11.04 405.74-0.80 11.00 404.00 Mdsx Average -0.65 -0.9811.04 405.56-0.83-1.1710.97 403.08 Hensall -0.65 11.03 405.37-0.80 11.00 404.00 Bruce -0.65 11.03 405.37-0.80 11.00 404.00 Putnam -0.75 10.93 401.70-0.85 10.95 402.16 Princeton -0.58 11.10 407.95-0.79 11.01 404.36 Durham -0.67 11.01 404.64-0.88 10.92 401.06 Norfolk -0.62 11.06 406.48-0.76 11.04 405.47 Palmerston -0.60 11.08 407.21-0.75 11.05 405.83 Varna -0.65 11.03 405.37-0.75 11.05 405.83 Trenton -0.80 10.88 399.86-0.90 10.90 400.32 Winchester -0.63 11.05 406.11-0.73 11.07 406.57 North Gower -0.07 11.61 426.69 N/A Huron FOB -0.55 11.13 409.05-0.70 11.10 407.67 Kent FOB -0.67 11.01 404.64-0.82 10.98 403.26 Lambton FOB -0.67 11.01 404.64-0.82 10.98 403.26 Middlesex FOB-0.48-0.33-0.38 N/A 11.20 411.62-0.63 11.17 410.24 PROCESSORS Hamilton -0.15-0.15-0.05-0.10 11.53 423.75-0.20 11.60 426.04 Windsor -0.39-0.13-0.07-0.12 11.29 414.93-0.43 11.37 417.59 Winchester -0.54 11.14 409.42-0.64 11.16 409.88 TRANSFER Hamilton -0.25 N/A N/A N/A 11.43 420.07-0.30 11.50 422.37 Pt. Stanley -0.69 10.99 403.91-0.75 11.05 405.83 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 11.68 429.260.05 11.85 435.23 Toledo El. -0.29 11.39 418.67-0.60 11.20 411.45 Bank of Canada Noon exchange rate was 1.0226 up 0.0020 Chicago wheat closed lower. DEC11 HI 6.17 1/2 JUL12 HI 6.71 1/4 LOW 5.90 1/4 LOW 6.44 CLOSE 5.92 1/2 Down 24 1/4 CLOSE 6.45 3/4 Down 26 1/2 Minni wheat closed slightly lower. MAR12 HI 8.89 SEP12 HI 8.10 LOW 8.75 LOW 7.98 1/2 CLOSE 8.81 1/2 Down 8 1/2 CLOSE 8.02 1/4 Down 9 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.17 1.05 0.17 0.77 CAD $/bu 6.10 6.97 6.10 9.58 CAD $/tonne 224.00 256.14 224.00 352.16 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 0.66 0.05 N/A N/A 0.52 -0.30 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 0.11 N/A N/A N/A -0.30 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 0.99 0.53N/A 0.29 1.12 0.40N/A Toledo El. 5.85US 6.01CA 6.43US 6.62CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.09 0.91 -0.12 0.29 CAD $/bu 6.55 7.37 6.34 8.31 CAD $/tonne 240.53 270.79 232.96 305.41 (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 295.00 Bayport Barley 288.00 FOB Hm Soymeal 359.91 - 362.12 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00