FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 18 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0262 up 0.0036 Chicago corn closed slightly lower. DEC11 HI 6.17 1/4 DEC12 HI 5.62 3/4 LOW 6.01 1/2 LOW 5.53 1/2 CLOSE6.10 1/4 Down 4 1/4 CLOSE 5.59 Down 1 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 5.75 226.47 -0.55 5.04 198.42 CK High -0.30 5.80 228.43 -0.50 5.09 200.38 CK Avg -0.33 -0.50 5.77 227.12 -0.51 -0.67 5.08 200.06 Essex Cty -0.40 5.70 224.50 -0.50 5.09 200.38 Mdsx Low -0.35 5.75 226.47 -0.50 5.09 200.38 Mdsx High -0.35 5.75 226.47 -0.50 5.09 200.38 Mdsx Avg -0.35 -0.52 5.75 226.47 -0.50 -0.66 5.09 200.38 Hensall -0.35 5.75 226.47 -0.50 5.09 200.38 Bruce -0.35 5.75 226.47 -0.50 5.09 200.38 Putnam -0.35 5.75 226.47 -0.50 5.09 200.38 Princeton -0.35 5.75 226.47 -0.50 5.09 200.38 Durham -0.40 5.70 224.50 -0.55 5.04 198.42 Norfolk -0.30 5.80 228.43 -0.50 5.09 200.38 Palmerston -0.35 5.75 226.47 -0.50 5.09 200.38 Varna -0.35 5.75 226.47 -0.50 5.09 200.38 Trenton -0.40 5.70 224.50 -0.55 5.04 198.42 Winchester -0.35 5.75 226.47 -0.60 4.99 196.45 North Gower -0.39 5.71 224.89N/A Huron FOB -0.35 5.75 226.47 -0.50 5.09 200.38 Kent FOB -0.30 5.80 228.43 -0.50 5.09 200.38 Lamb FOB -0.30 5.80 228.43 -0.50 5.09 200.38 Mdsx FOB -0.35 -0.20 -0.15 -0.10 5.75 226.47 -0.50 5.09 200.38 FOB SW Que -0.10 6.00 236.31 -0.20 5.39 212.19 Track 0.03 6.13 241.23N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.09 200.38 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.34 210.23 Aylmer-Eth -0.25 -0.25 0.05 0.10 5.85 230.40 N/A Sarn-Eth N/A 0.00 0.05 0.10 N/A Cllngwd-Eth -0.15N/A N/A N/A 5.95 234.34-0.30* 5.29 208.26 London-Cas N/A 0.00 -0.05 0.00 -0.30 5.29 208.26 Pt.Colb-Cas 0.15 -0.15 0.00 0.05 6.25 246.15 -0.25 5.34 210.23 Cardnl-Cas N/A -0.40 0.00 0.05 -0.25 5.34 210.23 W O Feed 0.13 0.10 6.23 245.36 US Rep 0.45 0.42 6.55 257.96 Toledo El. 0.05 6.15 242.27 -0.55 5.04 198.60 TRANSFER Sarnia N/A N/A Pt. Stanley -0.35 5.75 226.47N/A Hamilton -0.05 6.05238 2/7 -0.24 5.35210 5/8 MID SD CRN -0.32 1/2 5.77 3/4 HI SD CRN -0.30 5.80 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0262 up 0.0036 Chicago soybeans closed narrowly mixed. JAN12 HI 11.77 1/2 NOV12 HI 11.90 1/4 LOW 11.52 3/4 LOW 11.68 3/4 CLOSE11.68 1/4 Unchanged CLOSE 11.81 1/2 Up 2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.69 10.99 403.91-0.84 10.98 403.26 CK High -0.60 11.08 407.21-0.70 11.12 408.41 CK Average -0.65 -0.9711.03 405.44-0.78-1.1211.03 405.41 Essex Cty -0.58 11.10 407.95-0.67 11.15 409.51 Mdsx Low -0.65 11.03 405.37-0.85 10.97 402.89 Mdsx High -0.64 11.04 405.74-0.80 11.02 404.73 Mdsx Average -0.65 -0.9611.04 405.56-0.83-1.1610.99 403.81 Hensall -0.65 11.03 405.37-0.80 11.02 404.73 Bruce -0.65 11.03 405.37-0.80 11.02 404.73 Putnam -0.65 11.03 405.37-0.80 11.02 404.73 Princeton -0.58 11.10 407.95-0.79 11.03 405.10 Durham -0.67 11.01 404.64-0.88 10.94 401.79 Norfolk -0.60 11.08 407.21-0.74 11.08 406.94 Palmerston -0.60 11.08 407.21-0.75 11.07 406.57 Varna -0.65 11.03 405.37-0.75 11.07 406.57 Trenton -0.80 10.88 399.86-0.90 10.92 401.06 Winchester -0.63 11.05 406.11-0.73 11.09 407.30 North Gower -0.29 11.39 418.60 N/A Huron FOB -0.55 11.13 409.05-0.70 11.12 408.41 Kent FOB -0.65 11.03 405.37-0.80 11.02 404.73 Lambton FOB -0.65 11.03 405.37-0.80 11.02 404.73 Middlesex FOB-0.48-0.33-0.38 N/A 11.20 411.62-0.63 11.19 410.98 PROCESSORS Hamilton -0.15-0.15-0.05-0.10 11.53 423.75-0.20 11.62 426.78 Windsor -0.35-0.14-0.08-0.12 11.33 416.40-0.44 11.38 417.96 Winchester -0.53 11.15 409.78-0.63 11.19 410.98 TRANSFER Hamilton -0.25 N/A N/A N/A 11.43 420.07-0.30 11.52 423.10 Pt. Stanley -0.69 10.99 403.91-0.75 11.07 406.57 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.15 11.83 434.770.10 11.92 437.80 Toledo El. -0.29 11.39 418.69-0.60 11.22 412.20 Bank of Canada Noon exchange rate was 1.0262 up 0.0036 Chicago wheat closed slightly higher. DEC11 HI 6.02 1/2 JUL12 HI 6.50 1/4 LOW 5.86 1/2 LOW 6.35 3/4 CLOSE 5.98 1/4 Up 5 3/4 CLOSE 6.46 Up 1/4 Minni wheat closed slightly lower. MAR12 HI 8.86 SEP12 HI 8.10 LOW 8.73 1/4 LOW 7.98 1/2 CLOSE 8.75 1/4 Down 6 1/4 CLOSE 7.98 3/4 Down 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 0.16 1.04 0.16 0.75 CAD $/bu 6.15 7.02 6.15 9.50 CAD $/tonne 225.80 257.89 225.80 349.23 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 -0.31 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 0.85 0.03 0.82 N/A 0.56 -0.27 0.18 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 -0.90 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 0.98 0.52N/A 0.29 1.11 0.39N/A Toledo El. 5.90US 6.06CA 6.43US 6.61CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.08 0.91 -0.12 0.28 CAD $/bu 6.54 7.37 6.34 8.27 CAD $/tonne 240.40 270.64 232.84 303.80 (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 364.21 - 366.41 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00