FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0165 down 0.0009 Chicago corn closed slightly lower. MAR12 HI 6.05 3/4 DEC12 HI 5.61 LOW 5.93 3/4 LOW 5.52 1/4 CLOSE5.95 1/4 Down 6 1/4 CLOSE 5.53 1/4 Down 1 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 5.55 218.59 -0.55 4.98 196.15 CK High -0.35 5.60 220.56 -0.50 5.03 198.12 CK Avg -0.38 -0.49 5.58 219.58 -0.51 -0.63 5.02 197.79 Essex Cty -0.40 5.55 218.59 -0.50 5.03 198.12 Mdsx Low -0.40 5.55 218.59 -0.50 5.03 198.12 Mdsx High -0.40 5.55 218.59 -0.50 5.03 198.12 Mdsx Avg -0.40 -0.52 5.55 218.59 -0.50 -0.62 5.03 198.12 Hensall -0.40 5.55 218.59 -0.50 5.03 198.12 Bruce -0.40 5.55 218.59 -0.50 5.03 198.12 Putnam -0.40 5.55 218.59 -0.50 5.03 198.12 Princeton -0.40 5.55 218.59 -0.50 5.03 198.12 Durham -0.45 5.50 216.62 -0.55 4.98 196.15 Norfolk -0.35 5.60 220.56 -0.50 5.03 198.12 Palmerston -0.40 5.55 218.59 -0.50 5.03 198.12 Varna -0.40 5.55 218.59 -0.50 5.03 198.12 Trenton -0.30 5.65 222.53 -0.55 4.98 196.15 Winchester -0.35 5.60 220.56 -0.50 5.03 198.12 North Gower -0.24 5.71 224.89 -0.21 5.32 209.54 Huron FOB -0.15 5.80 228.43 -0.45 5.08 200.09 Kent FOB -0.35 5.60 220.56 -0.50 5.03 198.12 Lamb FOB -0.35 5.60 220.56 -0.50 5.03 198.12 Mdsx FOB -0.40 -0.35 -0.30N/A 5.55 218.59 -0.50 5.03 198.12 FOB SW Que 0.00 5.95 234.34 -0.05 5.48 215.84 Track 0.23 6.18 243.20N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.03 198.12 Jhnstwn-Eth -0.25 -0.10 -0.05 -0.05 5.70 224.50 -0.25 5.28 207.96 Aylmer-Eth -0.05 0.05 0.10 0.05 5.90 232.37 N/A Sarn-Eth 0.00 0.05 0.10 0.05 5.95 234.34N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.23 205.99 London-Cas -0.05 0.05 0.10 0.10 5.90 232.37 -0.30 5.23 205.99 Pt.Colb-Cas -0.05 0.10 0.15 0.15 5.90 232.37 -0.25 5.28 207.96 Cardnl-Cas -0.35 0.10 0.15 0.15 5.60 220.56 -0.25 5.28 207.96 W O Feed 0.20 0.18 6.15 242.21 US Rep 0.70 0.68 6.65 261.90 Toledo El. -0.03 5.92 233.13 -0.54 4.99 196.48 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.08 5.87231 1/5 -0.27 5.26207 1/6 MID SD CRN -0.37 1/2 5.57 3/4 HI SD CRN -0.35 5.60 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0165 down 0.0009 Chicago soybeans closed slightly higher. JAN12 HI 11.44 1/2 NOV12 HI 11.65 1/2 LOW 11.28 1/4 LOW 11.51 3/4 CLOSE11.35 3/4 Up 7 3/4 CLOSE 11.55 1/2 Up 6 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.65 10.71 393.43-0.85 10.71 393.34 CK High -0.55 10.81 397.11-0.70 10.86 398.85 CK Average -0.63 -0.8510.73 394.29-0.80-1.0610.75 395.12 Essex Cty -0.47 10.89 400.05-0.77 10.79 396.28 Mdsx Low -0.62 10.74 394.54-0.85 10.71 393.34 Mdsx High -0.60 10.76 395.27-0.79 10.77 395.55 Mdsx Average -0.61 -0.8410.75 394.90-0.82-1.0710.74 394.44 Hensall -0.65 10.71 393.43-0.85 10.71 393.34 Bruce -0.65 10.71 393.43-0.85 10.71 393.34 Putnam -0.60 10.76 395.27-0.85 10.71 393.34 Princeton -0.52 10.84 398.21-0.79 10.77 395.55 Durham -0.65 10.71 393.43-0.82 10.74 394.44 Norfolk -0.58 10.78 396.01-0.77 10.79 396.28 Palmerston -0.70 10.66 391.60-0.85 10.71 393.34 Varna -0.70 10.66 391.60-0.85 10.71 393.34 Trenton -0.65 10.71 393.43-0.85 10.71 393.34 Winchester -0.62 10.74 394.54-0.68 10.88 399.59 North Gower -0.03 11.33 416.21 N/A Huron FOB -0.55 10.81 397.11-0.75 10.81 397.02 Kent FOB -0.63 10.73 394.17-0.83 10.73 394.08 Lambton FOB -0.63 10.73 394.17-0.83 10.73 394.08 Middlesex FOB-0.38-0.38-0.43 N/A 10.98 403.35-0.73 10.83 397.75 PROCESSORS Hamilton -0.10-0.20-0.25-0.25 11.26 413.64-0.35 11.21 411.71 Windsor -0.24-0.18-0.23-0.17 11.12 408.50-0.54 11.02 404.73 Winchester -0.53 10.83 397.84-0.73 10.83 397.75 TRANSFER Hamilton 0.10 N/A N/A N/A 11.46 420.99-0.25 11.31 415.39 Pt. Stanley -0.35 11.01 404.46-0.75 10.81 397.02 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.50 11.86 435.690.10 11.66 428.25 Toledo El. -0.25 11.10 407.95-0.59 10.96 402.79 Bank of Canada Noon exchange rate was 1.0165 down 0.0009 Chicago wheat closed slightly to moderately higher. MAR12 HI 6.32 JUL12 HI 6.61 1/2 LOW 6.11 1/2 LOW 6.42 1/2 CLOSE 6.25 1/2 Up 11 1/4 CLOSE 6.54 Up 8 1/2 Minni wheat closed slightly to moderately higher. MAR12 HI 8.49 SEP12 HI 8.07 LOW 8.30 1/2 LOW 7.89 3/4 CLOSE 8.44 1/2 Up 12 1/4 CLOSE 7.97 1/2 Up 9 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.08 0.79 0.18 -0.09 CAD $/bu 6.18 7.04 6.43 8.36 CAD $/tonne 226.93 258.79 236.30 307.13 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 -0.20 0.61 -0.10 N/A N/A 0.46 -0.30 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 0.00 Essex N/A N/A -0.13 N/A N/A N/A -0.30 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 -0.10 N/A N/A 0.49 -0.33 N/A Brigden N/A 0.39 -0.10 N/A N/A 0.49 -0.33 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 -0.39 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 0.74 0.28N/A 0.25 1.06 0.35N/A Toledo El. 6.08US 6.20CA 6.51US 6.65CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.04 0.86 -0.16 0.23 CAD $/bu 6.58 7.40 6.38 8.20 CAD $/tonne 241.83 271.87 234.32 301.35 (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 347.56 - 351.97 DDG's FOB Srn, Wndr, Aylm 170.00 - 210.00