FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 23 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.048 up 0.0112 Chicago corn closed moderately lower. DEC11 HI 6.01 1/4 DEC12 HI 5.51 1/2 LOW 5.84 1/4 LOW 5.37 3/4 CLOSE5.88 3/4 Down 10 1/4 CLOSE 5.42 1/4 Down 6 3/4 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 5.54 218.00 -0.55 4.87 191.82 CK High -0.29 5.60 220.36 -0.50 4.92 193.79 CK Avg -0.33 -0.61 5.56 218.72 -0.51 -0.78 4.91 193.46 Essex Cty -0.35 5.54 218.00 -0.50 4.92 193.79 Mdsx Low -0.35 5.54 218.00 -0.50 4.92 193.79 Mdsx High -0.35 5.54 218.00 -0.50 4.92 193.79 Mdsx Avg -0.35 -0.63 5.54 218.00 -0.50 -0.78 4.92 193.79 Hensall -0.35 5.54 218.00 -0.50 4.92 193.79 Bruce -0.35 5.54 218.00 -0.50 4.92 193.79 Putnam -0.35 5.54 218.00 -0.50 4.92 193.79 Princeton -0.35 5.54 218.00 -0.50 4.92 193.79 Durham -0.40 5.49 216.03 -0.55 4.87 191.82 Norfolk -0.29 5.60 220.36 -0.50 4.92 193.79 Palmerston -0.35 5.54 218.00 -0.50 4.92 193.79 Varna -0.35 5.54 218.00 -0.50 4.92 193.79 Trenton -0.40 5.49 216.03 -0.55 4.87 191.82 Winchester -0.35 5.54 218.00 -0.50 4.92 193.79 North Gower -0.18 5.71 224.69N/A Huron FOB -0.03 5.86 230.60 -0.50 4.92 193.79 Kent FOB -0.29 5.60 220.36 -0.50 4.92 193.79 Lamb FOB -0.29 5.60 220.36 -0.50 4.92 193.79 Mdsx FOB -0.35 -0.15 -0.10 -0.10 5.54 218.00 -0.50 4.92 193.79 FOB SW Que -0.20 5.69 223.91 -0.15 5.27 207.57 Track 0.08 5.96 234.73N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 4.92 193.79 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.17 203.63 Aylmer-Eth -0.25 -0.25 0.05 0.10 5.64 221.94 N/A Sarn-Eth N/A 0.00 0.05 0.10 N/A Cllngwd-Eth -0.15N/A N/A N/A 5.74 225.88-0.30* 5.12 201.66 London-Cas N/A 0.00 0.05 0.10 -0.30 5.12 201.66 Pt.Colb-Cas 0.00 0.00 0.10 0.15 5.89 231.78 -0.25 5.17 203.63 Cardnl-Cas N/A -0.35 0.10 0.15 -0.25 5.17 203.63 W O Feed 0.20 0.15 6.09 239.65 US Rep 0.65 0.60 6.54 257.37 Toledo El. 0.02 5.91 232.61 -0.56 4.87 191.55 TRANSFER Sarnia N/A N/A Pt. Stanley -0.38 5.51 216.82N/A Hamilton -0.39 5.50216 3/7 -0.20 5.22205 3/5 MID SD CRN -0.32 1 5.56 3/4 HI SD CRN -0.29 1 5.59 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.048 up 0.0112 Chicago soybeans closed lower. JAN12 HI 11.58 1/2 NOV12 HI 11.73 LOW 11.21 LOW 11.36 1/2 CLOSE11.22 1/2 Down 30 1/2 CLOSE 11.38 1/2 Down 30 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.50 10.73 394.08-0.64 10.75 394.81 CK High -0.40 10.83 397.75-0.50 10.89 399.96 CK Average -0.48 -1.0210.75 394.87-0.60-1.1810.79 396.46 Essex Cty -0.36 10.87 399.22-0.45 10.94 401.79 Mdsx Low -0.50 10.73 394.08-0.60 10.79 396.28 Mdsx High -0.44 10.79 396.28-0.58 10.81 397.02 Mdsx Average -0.47 -1.0110.76 395.18-0.59-1.1710.80 396.65 Hensall -0.50 10.73 394.08-0.63 10.76 395.36 Bruce -0.50 10.73 394.08-0.60 10.79 396.28 Putnam -0.45 10.78 395.91-0.60 10.79 396.28 Princeton -0.44 10.79 396.28-0.58 10.81 397.02 Durham -0.47 10.76 395.18-0.61 10.78 395.91 Norfolk -0.43 10.80 396.65-0.57 10.82 397.38 Palmerston -0.55 10.68 392.24-0.70 10.69 392.61 Varna -0.55 10.68 392.24-0.70 10.69 392.61 Trenton -0.60 10.63 390.40-0.70 10.69 392.61 Winchester -0.41 10.82 397.38-0.51 10.88 399.59 North Gower -0.20 11.03 405.10 N/A Huron FOB -0.30 10.93 401.43-0.55 10.84 398.12 Kent FOB -0.48 10.75 394.81-0.63 10.76 395.18 Lambton FOB -0.48 10.75 394.81-0.63 10.76 395.18 Middlesex FOB-0.23-0.17-0.23 N/A 11.00 404.00-0.42 10.97 402.89 PROCESSORS Hamilton 0.10 0.10 0.15 0.10 11.33 416.120.00 11.39 418.33 Windsor -0.130.09 0.14 0.10 11.10 407.67-0.22 11.17 410.24 Winchester -0.41 10.82 397.38-0.51 10.88 399.59 TRANSFER Hamilton 0.10 N/A N/A N/A 11.33 416.12-0.10 11.29 414.65 Pt. Stanley -0.35 10.88 399.59-0.60 10.79 396.28 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.55 11.78 432.660.45 11.84 434.86 Toledo El. -0.29 10.93 401.67-0.61 10.78 395.93 Bank of Canada Noon exchange rate was 1.048 up 0.0112 Chicago wheat closed moderately lower. DEC11 HI 5.95 1/2 JUL12 HI 6.36 LOW 5.77 1/4 LOW 6.19 1/2 CLOSE 5.79 1/4 Down 14 3/4 CLOSE 6.25 1/4 Down 10 Minni wheat closed slightly lower to lower. MAR12 HI 8.40 1/4 SEP12 HI 7.87 1/2 LOW 8.13 1/2 LOW 7.70 CLOSE 8.16 1/2 Down 20 3/4 CLOSE 7.71 1/4 Down 8 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.28 1.17 0.28 0.76 CAD $/bu 6.07 6.96 6.07 8.92 CAD $/tonne 223.05 255.79 223.05 327.89 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 -0.30 N/A London 0.06 0.79 0.16 N/A N/A 0.66 -0.18 N/A Hensall 0.00 N/A 0.15 N/A 0.00 N/A -0.15 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 0.24 N/A N/A N/A -0.18 N/A Norwich 0.00 N/A 0.15 N/A 0.00 N/A -0.15 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 0.15 N/A 0.00 N/A -0.15 N/A Chatham N/A 0.76 0.21 N/A N/A 0.66 -0.17 N/A Brigden N/A 0.76 0.21 N/A N/A 0.66 -0.17 N/A Palmerston N/A 0.93 0.10 0.94 N/A 0.64 -0.20 0.28 Varna 0.10 0.90 0.10 N/A 0.20 0.85 -0.20 N/A Mitchell 0.00 0.85 0.15 N/A 0.00 0.75 -0.15 N/A Thornton N/A N/A N/A -0.26 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 0.50 N/A N/A N/A 0.00 N/A Pt. Stanley N/A N/A 0.05 N/A N/A N/A -0.45 N/A PROCESSORS Toledo FM N/A 1.12 0.64N/A 0.42 1.26 0.53N/A Toledo El. 5.71US 5.99CA 6.22US 6.54CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.21 1.05 0.00 0.45 CAD $/bu 6.47 7.31 6.26 8.16 CAD $/tonne 237.59 268.48 229.87 299.76 (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 349.99 - 353.30 DDG's FOB Srn, Wndr, Aylm 213.00 - 235.00