FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, November 28 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0327 down 0.0160 Chicago corn closed moderately higher. DEC11 HI 5.96 1/4 DEC12 HI 5.48 3/4 LOW 5.86 LOW 5.38 1/4 CLOSE5.91 3/4 Up 9 1/4 CLOSE 5.45 1/2 Up 10 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 5.57 219.18 -0.55 4.91 193.10 CK High -0.23 5.69 223.91 -0.50 4.96 195.07 CK Avg -0.30 -0.52 5.62 221.28 -0.51 -0.71 4.95 194.74 Essex Cty -0.40 5.52 217.21 -0.55 4.91 193.10 Mdsx Low -0.35 5.57 219.18 -0.50 4.96 195.07 Mdsx High -0.25 5.67 223.12 -0.50 4.96 195.07 Mdsx Avg -0.30 -0.52 5.62 221.15 -0.50 -0.70 4.96 195.07 Hensall -0.35 5.57 219.18 -0.50 4.96 195.07 Bruce -0.35 5.57 219.18 -0.50 4.96 195.07 Putnam -0.35 5.57 219.18 -0.50 4.96 195.07 Princeton -0.25 5.67 223.12 -0.50 4.96 195.07 Durham -0.30 5.62 221.15 -0.55 4.91 193.10 Norfolk -0.23 5.69 223.91 -0.50 4.96 195.07 Palmerston -0.35 5.57 219.18 -0.50 4.96 195.07 Varna -0.35 5.57 219.18 -0.50 4.96 195.07 Trenton -0.30 5.62 221.15 -0.55 4.91 193.10 Winchester -0.35 5.57 219.18 -0.50 4.96 195.07 North Gower -0.32 5.60 220.36 -0.37 5.09 200.19 Huron FOB -0.03 5.89 231.78 -0.50 4.96 195.07 Kent FOB -0.23 5.69 223.91 -0.50 4.96 195.07 Lamb FOB -0.23 5.69 223.91 -0.50 4.96 195.07 Mdsx FOB -0.25 -0.10 -0.05N/A 5.67 223.12 -0.50 4.96 195.07 FOB SW Que 0.09 6.01 236.50 -0.05 5.41 212.79 Track 0.13 6.04 237.88N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 4.96 195.07 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.21 204.91 Aylmer-Eth N/A -0.05 0.05 0.10 N/A Sarn-Eth N/A 0.00 0.05 0.10 N/A Cllngwd-Eth 0.10N/A N/A N/A 6.02 236.90-0.30* 5.16 202.94 London-Cas N/A 0.00 0.05 0.10 -0.30 5.16 202.94 Pt.Colb-Cas 0.00 0.00 0.10 0.15 5.92 232.96 -0.25 5.21 204.91 Cardnl-Cas N/A -0.35 0.10 0.15 -0.25 5.21 204.91 W O Feed 0.26 0.22 6.17 243.04 US Rep 0.70 0.67 6.62 260.52 Toledo El. 0.02 5.94 233.78 -0.55 4.91 193.12 TRANSFER Sarnia N/A N/A Pt. Stanley -0.38 5.54 218.00N/A Hamilton -0.39 5.53217 3/5 -0.20 5.26206 7/8 MID SD CRN -0.29 1 5.62 3/4 HI SD CRN -0.23 5.68 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0327 down 0.0160 Chicago soybeans closed moderately higher. JAN12 HI 11.27 1/4 NOV12 HI 11.41 LOW 11.14 LOW 11.23 1/2 CLOSE11.21 Up 14 1/2 CLOSE 11.36 Up 16 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.57 10.64 390.95-0.77 10.59 389.12 CK High -0.40 10.81 397.20-0.50 10.86 399.04 CK Average -0.53 -0.9510.68 392.36-0.67-1.0810.70 392.97 Essex Cty -0.51 10.70 393.16-0.60 10.76 395.36 Mdsx Low -0.55 10.66 391.69-0.70 10.66 391.69 Mdsx High -0.52 10.69 392.79-0.67 10.69 392.79 Mdsx Average -0.54 -0.9610.68 392.24-0.69-1.1010.68 392.24 Hensall -0.58 10.64 390.77-0.73 10.64 390.77 Bruce -0.55 10.66 391.69-0.70 10.66 391.69 Putnam -0.50 10.71 393.53-0.70 10.66 391.69 Princeton -0.52 10.69 392.79-0.67 10.69 392.79 Durham -0.55 10.66 391.69-0.70 10.66 391.69 Norfolk -0.52 10.69 392.79-0.71 10.65 391.32 Palmerston -0.65 10.56 388.01-0.80 10.56 388.01 Varna -0.60 10.61 389.85-0.75 10.61 389.85 Trenton -0.65 10.56 388.01-0.75 10.61 389.85 Winchester -0.52 10.69 392.79-0.67 10.69 392.79 North Gower 0.12 11.33 416.31 N/A Huron FOB -0.30 10.91 400.87-0.70 10.66 391.69 Kent FOB -0.57 10.64 390.95-0.77 10.59 389.12 Lambton FOB -0.57 10.64 390.95-0.77 10.59 389.12 Middlesex FOB-0.31-0.31-0.36 N/A 10.90 400.51-0.36 11.00 404.18 PROCESSORS Hamilton -0.05-0.050.00 -0.05 11.16 410.06-0.10 11.26 413.73 Windsor -0.28-0.06-0.01-0.05 10.93 401.61-0.37 10.99 403.81 Winchester -0.33 10.88 399.77-0.42 10.94 401.98 TRANSFER Hamilton 0.10 N/A N/A N/A 11.31 415.57-0.10 11.26 413.73 Pt. Stanley -0.35 10.86 399.04-0.60 10.76 395.36 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.50 11.71 430.270.25 11.61 426.59 Toledo El. -0.29 10.92 401.22-0.60 10.76 395.31 Bank of Canada Noon exchange rate was 1.0327 down 0.0160 Chicago wheat closed slightly higher. DEC11 HI 5.85 3/4 JUL12 HI 6.31 1/4 LOW 5.73 1/2 LOW 6.21 1/2 CLOSE 5.74 3/4 Up 1/4 CLOSE 6.22 1/4 Up 4 1/2 Minni wheat closed slightly higher. MAR12 HI 8.19 SEP12 HI 7.79 LOW 8.03 3/4 LOW 7.65 3/4 CLOSE 8.15 1/2 Up 8 CLOSE 7.70 1/2 Up 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 0.22 1.10 0.42 0.46 CAD $/bu 5.96 6.85 6.17 8.62 CAD $/tonne 219.14 251.55 226.76 316.65 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 0.65 -0.15 N/A London -0.01 0.71 0.09 N/A N/A 0.57 -0.25 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 -0.05 N/A N/A N/A -0.32 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 0.68 0.13 N/A N/A 0.58 -0.24 N/A Brigden N/A 0.68 0.13 N/A N/A 0.58 -0.24 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 -0.45 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 1.05 0.58N/A 0.33 1.16 0.44N/A Toledo El. 5.72US 5.93CA 6.19US 6.42CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.13 0.95 -0.08 0.34 CAD $/bu 6.35 7.18 6.14 8.04 CAD $/tonne 233.24 263.72 225.62 295.44 (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 350.32 - 358.04 DDG's FOB Srn, Wndr, Aylm 200.00 - 213.00