FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 5 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0141 down 0.0024 Chicago corn closed mixed. MAR12 HI 6.02 3/4 DEC12 HI 5.62 LOW 5.89 1/2 LOW 5.51 CLOSE5.91 Down 4 1/4 CLOSE 5.53 3/4 Up 1/2 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 5.51 216.92 -0.55 4.99 196.35 CK High -0.35 5.56 218.89 -0.50 5.04 198.32 CK Avg -0.36 -0.48 5.55 218.56 -0.51 -0.63 5.03 197.99 Essex Cty -0.40 5.51 216.92 -0.50 5.04 198.32 Mdsx Low -0.40 5.51 216.92 -0.50 5.04 198.32 Mdsx High -0.35 5.56 218.89 -0.50 5.04 198.32 Mdsx Avg -0.38 -0.49 5.54 217.90 -0.50 -0.62 5.04 198.32 Hensall -0.35 5.56 218.89 -0.50 5.04 198.32 Bruce -0.40 5.51 216.92 -0.50 5.04 198.32 Putnam -0.35 5.56 218.89 -0.50 5.04 198.32 Princeton -0.40 5.51 216.92 -0.50 5.04 198.32 Durham -0.45 5.46 214.95 -0.55 4.99 196.35 Norfolk -0.35 5.56 218.89 -0.50 5.04 198.32 Palmerston -0.40 5.51 216.92 -0.50 5.04 198.32 Varna -0.40 5.51 216.92 -0.50 5.04 198.32 Trenton -0.30 5.61 220.86 -0.55 4.99 196.35 Winchester -0.35 5.56 218.89 -0.50 5.04 198.32 North Gower -0.19 5.72 225.19 -0.20 5.34 210.13 Huron FOB -0.15 5.76 226.76 -0.45 5.09 200.29 Kent FOB -0.35 5.56 218.89 -0.50 5.04 198.32 Lamb FOB -0.35 5.56 218.89 -0.50 5.04 198.32 Mdsx FOB -0.40 -0.35 -0.30N/A 5.51 216.92 -0.50 5.04 198.32 FOB SW Que 0.00 5.91 232.67 -0.10 5.44 214.06 Track 0.15 6.06 238.57N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.04 198.32 Jhnstwn-Eth -0.25 -0.10 -0.05 -0.05 5.66 222.82 -0.25 5.29 208.16 Aylmer-Eth -0.05 0.05 0.10 0.05 5.86 230.70 N/A Sarn-Eth 0.00 0.05 0.10 0.05 5.91 232.67N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.24 206.19 London-Cas -0.05 0.05 0.10 0.10 5.86 230.70 -0.30 5.24 206.19 Pt.Colb-Cas -0.05 0.10 0.15 0.15 5.86 230.70 -0.25 5.29 208.16 Cardnl-Cas -0.40 0.10 0.15 0.15 5.51 216.92 -0.25 5.29 208.16 W O Feed 0.18 0.17 6.09 239.75 US Rep 0.70 0.69 6.61 260.22 Toledo El. -0.03 5.88 231.46 -0.44 5.10 200.71 TRANSFER Sarnia N/A N/A Pt. Stanley -0.35 5.56 218.89N/A Hamilton -0.15 5.76226 3/4 -0.30 5.24206 1/5 MID SD CRN -0.37 1/2 5.53 1/2 HI SD CRN -0.35 5.56 *Wet Bid Bank of Canada Noon exchange rate was 1.0141 down 0.0024 Chicago soybeans closed slightly lower. JAN12 HI 11.48 1/2 NOV12 HI 11.68 1/2 LOW 11.22 LOW 11.45 1/4 CLOSE11.26 1/4 Down 9 1/2 CLOSE 11.49 1/2 Down 6 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.68 10.58 388.84-0.87 10.63 390.40 CK High -0.55 10.71 393.62-0.70 10.80 396.65 CK Average -0.64 -0.8710.62 390.25-0.81-1.0610.68 392.55 Essex Cty -0.45 10.81 397.29-0.78 10.72 393.71 Mdsx Low -0.66 10.60 389.58-0.85 10.65 391.14 Mdsx High -0.65 10.61 389.94-0.83 10.67 391.87 Mdsx Average -0.66 -0.8810.61 389.76-0.84-1.0910.66 391.50 Hensall -0.68 10.59 389.02-0.85 10.65 391.14 Bruce -0.65 10.61 389.94-0.85 10.65 391.14 Putnam -0.65 10.61 389.94-0.85 10.65 391.14 Princeton -0.66 10.60 389.58-0.83 10.67 391.87 Durham -0.69 10.57 388.47-0.86 10.64 390.77 Norfolk -0.60 10.66 391.78-0.79 10.71 393.34 Palmerston -0.60 10.66 391.78-0.85 10.65 391.14 Varna -0.70 10.56 388.11-0.85 10.65 391.14 Trenton -0.65 10.61 389.94-0.85 10.65 391.14 Winchester -0.62 10.64 391.04-0.68 10.82 397.38 North Gower 0.06 11.32 416.03 N/A Huron FOB -0.55 10.71 393.62-0.75 10.75 394.81 Kent FOB -0.65 10.61 389.94-0.85 10.65 391.14 Lambton FOB -0.65 10.61 389.94-0.85 10.65 391.14 Middlesex FOB-0.32-0.42-0.47 N/A 10.94 402.07-0.77 10.73 394.08 PROCESSORS Hamilton -0.10-0.15-0.20-0.20 11.16 410.15-0.30 11.20 411.35 Windsor -0.25-0.20-0.24-0.18 11.01 404.64-0.56 10.94 401.79 Winchester -0.53 10.73 394.35-0.73 10.77 395.55 TRANSFER Hamilton 0.15 N/A N/A N/A 11.41 419.34-0.35 11.15 409.51 Pt. Stanley -0.30 10.96 402.80 N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.50 11.76 432.200.05 11.55 424.21 Toledo El. -0.26 11.01 404.46-0.59 10.90 400.60 Bank of Canada Noon exchange rate was 1.0141 down 0.0024 Chicago wheat closed moderately lower. MAR12 HI 6.31 3/4 JUL12 HI 6.59 LOW 6.07 1/2 LOW 6.34 CLOSE 6.11 1/2 Down 14 CLOSE 6.42 1/4 Down 11 3/4 Minni wheat closed moderately lower. MAR12 HI 8.51 1/2 SEP12 HI 8.04 LOW 8.23 LOW 7.79 3/4 CLOSE 8.30 3/4 Down 13 3/4 CLOSE 7.86 1/4 Down 11 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.08 0.79 0.17 -0.09 CAD $/bu 6.03 6.90 6.29 8.22 CAD $/tonne 221.71 253.57 231.08 302.01 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 -0.22 0.44 -0.12 N/A 0.59 N/A -0.32 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 -0.14 N/A N/A N/A -0.31 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 -0.11 N/A N/A 0.49 -0.34 N/A Brigden N/A 0.39 -0.11 N/A N/A 0.49 -0.34 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 0.25 N/A N/A N/A -0.30 N/A Pt. Stanley N/A N/A -0.22 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A 0.84 0.33N/A 0.24 1.06 0.34N/A Toledo El. 5.94US 6.05CA 6.39US 6.53CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.04 0.85 -0.17 0.22 CAD $/bu 6.46 7.28 6.25 8.08 CAD $/tonne 237.30 267.32 229.79 296.97 (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 339.52 - 341.72 DDG's FOB Srn, Wndr, Aylm 170.00 - 210.00