FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, November 21 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0385 up 0.0123 Chicago corn closed moderately lower. DEC11 HI 6.11 1/4 DEC12 HI 5.60 1/4 LOW 5.93 1/4 LOW 5.47 1/4 CLOSE5.97 3/4 Down 12 1/2 CLOSE 5.50 Down 9 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 5.63 221.54 -0.55 4.95 194.87 CK High -0.30 5.68 223.51 -0.50 5.00 196.84 CK Avg -0.34 -0.57 5.64 221.87 -0.51 -0.74 4.99 196.51 Essex Cty -0.35 5.63 221.54 -0.50 5.00 196.84 Mdsx Low -0.35 5.63 221.54 -0.50 5.00 196.84 Mdsx High -0.35 5.63 221.54 -0.50 5.00 196.84 Mdsx Avg -0.35 -0.57 5.63 221.54 -0.50 -0.73 5.00 196.84 Hensall -0.35 5.63 221.54 -0.50 5.00 196.84 Bruce -0.35 5.63 221.54 -0.50 5.00 196.84 Putnam -0.35 5.63 221.54 -0.50 5.00 196.84 Princeton -0.35 5.63 221.54 -0.50 5.00 196.84 Durham -0.40 5.58 219.58 -0.55 4.95 194.87 Norfolk -0.35 5.63 221.54 -0.50 5.00 196.84 Palmerston -0.35 5.63 221.54 -0.50 5.00 196.84 Varna -0.35 5.63 221.54 -0.50 5.00 196.84 Trenton -0.40 5.58 219.58 -0.55 4.95 194.87 Winchester -0.35 5.63 221.54 -0.50 5.00 196.84 North Gower -0.27 5.71 224.69N/A Huron FOB -0.08 5.90 232.17 -0.50 5.00 196.84 Kent FOB -0.35 5.63 221.54 -0.50 5.00 196.84 Lamb FOB -0.35 5.63 221.54 -0.50 5.00 196.84 Mdsx FOB -0.35 -0.15 -0.10 -0.10 5.63 221.54 -0.50 5.00 196.84 FOB SW Que -0.23 5.75 226.27 -0.18 5.32 209.44 Track -0.03 5.95 234.34N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.00 196.84 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.25 206.68 Aylmer-Eth -0.25 -0.25 0.05 0.10 5.73 225.48 N/A Sarn-Eth N/A 0.00 0.05 0.10 N/A Cllngwd-Eth -0.15N/A N/A N/A 5.83 229.42-0.30* 5.20 204.71 London-Cas N/A 0.00 -0.05 0.00 -0.30 5.20 204.71 Pt.Colb-Cas 0.15 -0.15 0.00 0.05 6.13 241.23 -0.25 5.25 206.68 Cardnl-Cas N/A -0.40 0.00 0.05 -0.25 5.25 206.68 W O Feed 0.13 0.09 6.11 240.44 US Rep 0.45 0.41 6.43 253.04 Toledo El. 0.02 6.00 236.14 -0.55 4.95 194.79 TRANSFER Sarnia N/A N/A Pt. Stanley -0.37 5.61 220.76N/A Hamilton -0.37 5.61220 3/4 -0.18 5.32209 4/9 MID SD CRN -0.32 1/2 5.65 1/4 HI SD CRN -0.30 5.67 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0385 up 0.0123 Chicago soybeans closed moderately lower. JAN12 HI 11.74 1/4 NOV12 HI 11.86 1/2 LOW 11.45 LOW 11.62 CLOSE11.48 Down 20 1/4 CLOSE 11.64 1/4 Down 17 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.56 10.92 401.24-0.80 10.84 398.39 CK High -0.55 10.93 401.61-0.60 11.04 405.74 CK Average -0.55 -0.9810.93 401.49-0.68-1.1610.97 402.93 Essex Cty -0.46 11.02 404.92-0.55 11.09 407.58 Mdsx Low -0.55 10.93 401.61-0.76 10.88 399.86 Mdsx High -0.51 10.97 403.08-0.65 10.99 403.91 Mdsx Average -0.53 -0.9610.95 402.34-0.71-1.1910.94 401.88 Hensall -0.55 10.93 401.61-0.68 10.97 402.99 Bruce -0.65 10.83 397.93-0.80 10.84 398.39 Putnam -0.55 10.93 401.61-0.65 10.99 403.91 Princeton -0.45 11.03 405.28-0.70 10.94 402.07 Durham -0.54 10.94 401.98-0.79 10.85 398.76 Norfolk -0.51 10.97 403.08-0.65 10.99 403.91 Palmerston -0.55 10.93 401.61-0.70 10.94 402.07 Varna -0.65 10.83 397.93-0.75 10.89 400.23 Trenton -0.65 10.83 397.93-0.75 10.89 400.23 Winchester -0.49 10.99 403.81-0.59 11.05 406.11 North Gower -0.04 11.44 420.35 N/A Huron FOB -0.40 11.08 407.12-0.60 11.04 405.74 Kent FOB -0.56 10.92 401.24-0.71 10.93 401.70 Lambton FOB -0.56 10.92 401.24-0.71 10.93 401.70 Middlesex FOB-0.32-0.19-0.25 N/A 11.16 410.06-0.60 11.04 405.74 PROCESSORS Hamilton 0.00 0.00 0.10 0.05 11.48 421.82-0.05 11.59 425.95 Windsor -0.23-0.02-0.040.00 11.25 413.37-0.32 11.32 416.03 Winchester -0.53 10.95 402.34-0.63 11.01 404.64 TRANSFER Hamilton 0.15 N/A N/A N/A 11.63 427.33-0.05 11.59 425.95 Pt. Stanley -0.35 11.13 408.96-0.55 11.09 407.58 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.30 11.78 432.840.25 11.89 436.97 Toledo El. -0.29 11.19 411.14-0.60 11.04 405.59 Bank of Canada Noon exchange rate was 1.0385 up 0.0123 Chicago wheat closed slightly lower. DEC11 HI 6.02 JUL12 HI 6.48 3/4 LOW 5.84 1/2 LOW 6.32 CLOSE 5.91 1/2 Down 6 3/4 CLOSE 6.41 1/2 Down 4 1/2 Minni wheat closed slightly to moderately lower. MAR12 HI 8.75 1/2 SEP12 HI 7.98 1/2 LOW 8.59 LOW 7.90 CLOSE 8.62 1/2 Down 12 3/4 CLOSE 7.93 1/2 Down 5 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.22 1.10 0.22 0.69 CAD $/bu 6.14 7.02 6.14 9.31 CAD $/tonne 225.50 257.91 225.50 342.16 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 0.75 0.15 N/A N/A 0.60 -0.25 N/A London 0.07 0.74 0.12 N/A N/A 0.54 -0.28 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 0.18 N/A N/A N/A -0.24 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 0.71 0.16 N/A N/A 0.61 -0.21 N/A Brigden N/A 0.71 0.16 N/A N/A 0.61 -0.21 N/A Palmerston N/A 0.93 0.10 0.94 N/A 0.64 -0.20 0.28 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 -0.70 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 0.55 N/A N/A N/A -0.05 N/A Pt. Stanley N/A N/A 0.10 N/A N/A N/A -0.40 N/A PROCESSORS Toledo FM N/A 1.05 0.59N/A 0.37 1.20 0.47N/A Toledo El. 5.84US 6.05CA 6.39US 6.65CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.16 1.00 -0.05 0.38 CAD $/bu 6.58 7.41 6.37 8.32 CAD $/tonne 241.68 272.30 234.03 305.59 (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 354.51 - 361.12 DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00