FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0174 down 0.0023 Chicago corn closed mixed. MAR12 HI 6.12 1/2 DEC12 HI 5.57 LOW 5.97 1/2 LOW 5.48 3/4 CLOSE6.01 1/2 Down 6 1/2 CLOSE 5.54 1/4 Up 2 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR12+MAR12+MAY12 CK Low -0.40 5.62 221.05 -0.55 4.99 196.55 CK High -0.35 5.67 223.02 -0.50 5.04 198.51 CK Avg -0.37 -0.47 5.65 222.37 -0.51 -0.61 5.03 198.19 Essex Cty -0.40 5.62 221.05 -0.50 5.04 198.51 Mdsx Low -0.40 5.62 221.05 -0.50 5.04 198.51 Mdsx High -0.35 5.67 223.02 -0.50 5.04 198.51 Mdsx Avg -0.38 -0.47 5.64 222.04 -0.50 -0.60 5.04 198.51 Hensall -0.40 5.62 221.05 -0.50 5.04 198.51 Bruce -0.40 5.62 221.05 -0.50 5.04 198.51 Putnam -0.40 5.62 221.05 -0.50 5.04 198.51 Princeton -0.35 5.67 223.02 -0.50 5.04 198.51 Durham -0.40 5.62 221.05 -0.55 4.99 196.55 Norfolk -0.35 5.67 223.02 -0.50 5.04 198.51 Palmerston -0.40 5.62 221.05 -0.50 5.04 198.51 Varna -0.40 5.62 221.05 -0.50 5.04 198.51 Trenton -0.30 5.72 224.99 -0.55 4.99 196.55 Winchester -0.35 5.67 223.02 -0.50 5.04 198.51 North Gower -0.30 5.72 224.99 -0.21 5.33 209.93 Huron FOB -0.15 5.87 230.89 -0.45 5.09 200.48 Kent FOB -0.35 5.67 223.02 -0.50 5.04 198.51 Lamb FOB -0.35 5.67 223.02 -0.50 5.04 198.51 Mdsx FOB -0.35 -0.25 -0.20N/A 5.67 223.02 -0.50 5.04 198.51 FOB SW Que 0.00 6.02 236.80 -0.05 5.49 216.23 Track 0.23 6.24 245.66N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.04 198.51 Jhnstwn-Eth -0.25 -0.10 -0.05 -0.05 5.77 226.96 -0.25 5.29 208.36 Aylmer-Eth -0.05 0.05 0.10 0.05 5.97 234.83 N/A Sarn-Eth 0.00 0.05 0.10 0.05 6.02 236.80N/A Cllngwd-Eth 0.10N/A N/A N/A 6.12 240.74-0.30* 5.24 206.39 London-Cas -0.05 0.05 0.10 0.10 5.97 234.83 -0.30 5.24 206.39 Pt.Colb-Cas -0.05 0.10 0.15 0.15 5.97 234.83 -0.25 5.29 208.36 Cardnl-Cas -0.35 0.10 0.15 0.15 5.67 223.02 -0.25 5.29 208.36 W O Feed 0.20 0.18 6.22 244.67 US Rep 0.70 0.68 6.72 264.36 Toledo El. -0.02 5.99 236.00 -0.54 5.00 196.96 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.08 5.94233 2/3 -0.27 5.27207 4/7 MID SD CRN -0.37 1/2 5.64 HI SD CRN -0.35 5.66 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0174 down 0.0023 Chicago soybeans closed narrowly mixed. JAN12 HI 11.43 3/4 NOV12 HI 11.58 1/2 LOW 11.16 1/4 LOW 11.37 CLOSE11.28 Down 3 1/4 CLOSE 11.49 Up 2 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.69 10.59 389.12-0.85 10.64 390.95 CK High -0.55 10.73 394.26-0.70 10.79 396.46 CK Average -0.63 -0.8210.65 391.20-0.80-1.0010.69 392.79 Essex Cty -0.50 10.78 396.10-0.80 10.69 392.79 Mdsx Low -0.70 10.58 388.75-0.85 10.64 390.95 Mdsx High -0.60 10.68 392.42-0.85 10.64 390.95 Mdsx Average -0.65 -0.8410.63 390.59-0.85-1.0510.64 390.95 Hensall -0.65 10.63 390.59-0.85 10.64 390.95 Bruce -0.60 10.68 392.42-0.70 10.79 396.46 Putnam -0.60 10.68 392.42-0.85 10.64 390.95 Princeton -0.70 10.58 388.75-0.85 10.64 390.95 Durham -0.73 10.55 387.65-0.88 10.61 389.85 Norfolk -0.56 10.72 393.89-0.75 10.74 394.63 Palmerston -0.70 10.58 388.75-0.85 10.64 390.95 Varna -0.75 10.53 386.91-0.85 10.64 390.95 Trenton -0.65 10.63 390.59-0.85 10.64 390.95 Winchester -0.62 10.66 391.69-0.68 10.81 397.20 North Gower -0.13 11.15 409.69 N/A Huron FOB -0.55 10.73 394.26-0.75 10.74 394.63 Kent FOB -0.61 10.67 392.06-0.81 10.68 392.42 Lambton FOB -0.61 10.67 392.06-0.81 10.68 392.42 Middlesex FOB-0.39-0.41-0.54 N/A 10.89 400.14-0.74 10.75 394.99 PROCESSORS Hamilton -0.05-0.15-0.20-0.20 11.23 412.63-0.30 11.19 411.16 Windsor -0.27-0.22-0.26-0.20 11.01 404.55-0.58 10.91 400.87 Winchester -0.53 10.75 394.99-0.73 10.76 395.36 TRANSFER Hamilton 0.10 N/A N/A N/A 11.38 418.14-0.25 11.24 413.00 Pt. Stanley -0.35 10.93 401.61-0.75 10.74 394.63 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.50 11.78 432.840.10 11.59 425.86 Toledo El. -0.28 11.00 404.01-0.59 10.90 400.49 Bank of Canada Noon exchange rate was 1.0174 down 0.0023 Chicago wheat closed slightly higher. MAR12 HI 6.25 JUL12 HI 6.50 3/4 LOW 6.05 3/4 LOW 6.32 1/4 CLOSE 6.14 1/4 Up 1/4 CLOSE 6.45 1/2 Up 3 1/2 Minni wheat closed slightly higher. MAR12 HI 8.33 3/4 SEP12 HI 7.90 LOW 8.20 LOW 7.77 CLOSE 8.32 1/4 Up 8 3/4 CLOSE 7.88 1/2 Up 8 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.10 0.76 0.15 0.29 CAD $/bu 6.04 6.91 6.30 8.61 CAD $/tonne 221.97 253.72 231.31 316.47 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 0.40 -0.10 N/A N/A 0.45 -0.25 N/A London -0.21 0.60 -0.11 N/A N/A 0.46 -0.31 N/A Hensall -0.10 N/A -0.15 N/A 0.00 N/A -0.25 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 -0.15 N/A N/A N/A -0.33 N/A Norwich -0.10 N/A -0.15 N/A 0.00 N/A -0.25 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.10 N/A -0.10 N/A 0.00 N/A -0.25 N/A Chatham N/A 0.39 -0.09 N/A N/A 0.49 -0.32 N/A Brigden N/A 0.39 -0.09 N/A N/A 0.49 -0.32 N/A Palmerston N/A 0.64 -0.18 0.25 N/A 0.54 -0.29 0.15 Varna -0.15 0.70 -0.15 N/A 0.20 0.80 -0.25 N/A Mitchell -0.10 0.60 -0.15 N/A 0.00 0.70 -0.25 N/A Thornton N/A N/A N/A -0.36 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 0.15 N/A N/A N/A -0.10 N/A Pt. Stanley N/A N/A -0.30 N/A N/A N/A -0.55 N/A PROCESSORS Toledo FM N/A 0.71 0.25N/A 0.22 1.03 0.32N/A Toledo El. 5.96US 6.06CA 6.43US 6.54CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.01 0.83 -0.19 0.19 CAD $/bu 6.47 7.28 6.26 8.08 CAD $/tonne 237.67 267.58 230.19 296.75 (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 315.00 Bayport Barley 285.00 FOB Hm Soymeal 348.34 - 352.75 DDG's FOB Srn, Wndr, Aylm 170.00 - 210.00