FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0105 down 0.0012 Chicago corn closed slightly lower. MAR12 HI 6.00 DEC12 HI 5.58 3/4 LOW 5.88 1/4 LOW 5.45 1/2 CLOSE5.92 3/4 Down 3 3/4 CLOSE 5.51 Down 5 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 5.53 217.61 -0.55 4.96 195.27 CK High -0.35 5.58 219.58 -0.50 5.01 197.23 CK Avg -0.36 -0.44 5.57 219.25 -0.51 -0.59 5.00 196.91 Essex Cty -0.40 5.53 217.61 -0.55 4.96 195.27 Mdsx Low -0.40 5.53 217.61 -0.50 5.01 197.23 Mdsx High -0.35 5.58 219.58 -0.50 5.01 197.23 Mdsx Avg -0.38 -0.45 5.55 218.59 -0.50 -0.58 5.01 197.23 Hensall -0.35 5.58 219.58 -0.50 5.01 197.23 Bruce -0.35 5.58 219.58 -0.50 5.01 197.23 Putnam -0.35 5.58 219.58 -0.50 5.01 197.23 Princeton -0.40 5.53 217.61 -0.50 5.01 197.23 Durham -0.45 5.48 215.64 -0.55 4.96 195.27 Norfolk -0.35 5.58 219.58 -0.50 5.01 197.23 Palmerston -0.40 5.53 217.61 -0.50 5.01 197.23 Varna -0.35 5.58 219.58 -0.50 5.01 197.23 Trenton -0.30 5.63 221.54 -0.55 4.96 195.27 Winchester -0.35 5.58 219.58 -0.50 5.01 197.23 North Gower -0.36 5.57 219.18 -0.15 5.36 211.01 Huron FOB -0.15 5.78 227.45 -0.45 5.06 199.20 Kent FOB -0.35 5.58 219.58 -0.50 5.01 197.23 Lamb FOB -0.35 5.58 219.58 -0.50 5.01 197.23 Mdsx FOB -0.40 -0.35 -0.30N/A 5.53 217.61 -0.50 5.01 197.23 FOB SW Que 0.00 5.93 233.36 -0.10 5.41 212.98 Track 0.15 6.08 239.26N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.01 197.23 Jhnstwn-Eth -0.25 0.25 0.30 0.35 5.68 223.51 -0.25 5.26 207.08 Aylmer-Eth -0.05 0.05 0.10 0.05 5.88 231.39 N/A Sarn-Eth 0.00 0.05 0.10 0.05 5.93 233.36N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.21 205.11 London-Cas -0.05 -0.05 0.00 0.00 5.88 231.39 -0.30 5.21 205.11 Pt.Colb-Cas -0.05 0.10 0.15 0.15 5.88 231.39 -0.25 5.26 207.08 Cardnl-Cas -0.40 0.10 0.15 0.15 5.53 217.61 -0.25 5.26 207.08 W O Feed 0.18 0.17 6.11 240.44 US Rep 0.70 0.69 6.63 260.91 Toledo El. -0.06 5.87 230.96 -0.44 5.07 199.74 TRANSFER Sarnia N/A N/A Pt. Stanley -0.40 5.53 217.61N/A Hamilton -0.15 5.78227 4/9 -0.30 5.21205 1/9 MID SD CRN -0.37 1/2 5.55 1/4 HI SD CRN -0.35 5.57 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0105 down 0.0012 Chicago soybeans closed slightly higher. JAN12 HI 11.37 NOV12 HI 11.61 1/2 LOW 11.23 3/4 LOW 11.49 1/2 CLOSE11.31 Up 1 1/2 CLOSE 11.56 Up 1 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.68 10.63 390.59-0.87 10.69 392.79 CK High -0.60 10.71 393.53-0.75 10.81 397.20 CK Average -0.65 -0.8010.66 391.69-0.83-1.0010.73 394.32 Essex Cty -0.55 10.76 395.36-0.85 10.71 393.53 Mdsx Low -0.69 10.62 390.22-0.85 10.71 393.53 Mdsx High -0.65 10.66 391.69-0.84 10.72 393.89 Mdsx Average -0.67 -0.8210.64 390.95-0.85-1.0210.72 393.71 Hensall -0.68 10.64 390.77-0.85 10.71 393.53 Bruce -0.65 10.66 391.69-0.85 10.71 393.53 Putnam -0.65 10.66 391.69-0.85 10.71 393.53 Princeton -0.68 10.63 390.59-0.84 10.72 393.89 Durham -0.72 10.59 389.12-0.87 10.69 392.79 Norfolk -0.60 10.71 393.53-0.77 10.79 396.46 Palmerston -0.70 10.61 389.85-0.85 10.71 393.53 Varna -0.70 10.61 389.85-0.85 10.71 393.53 Trenton -0.70 10.61 389.85-0.90 10.66 391.69 Winchester -0.67 10.64 390.95-0.86 10.70 393.16 North Gower -0.28 11.03 405.28 N/A Huron FOB -0.55 10.76 395.36-0.75 10.81 397.20 Kent FOB -0.65 10.66 391.69-0.83 10.73 394.26 Lambton FOB -0.65 10.66 391.69-0.83 10.73 394.26 Middlesex FOB-0.32-0.42-0.47-0.42 10.99 403.81-0.77 10.79 396.46 PROCESSORS Hamilton 0.05 -0.20-0.25-0.25 11.36 417.41-0.35 11.21 411.90 Windsor -0.32-0.20-0.25-0.25 10.99 403.81-0.35 11.21 411.90 Winchester -0.55 10.76 395.36-0.65 10.91 400.87 TRANSFER Hamilton 0.20 N/A N/A N/A 11.51 422.92-0.35 11.21 411.90 Pt. Stanley -0.35 10.96 402.71 N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.50 11.81 433.940.05 11.61 426.59 Toledo El. -0.18 11.13 408.87-0.59 10.97 403.13 Bank of Canada Noon exchange rate was 1.0105 down 0.0012 Chicago wheat closed moderately lower. MAR12 HI 6.15 3/4 JUL12 HI 6.49 3/4 LOW 5.98 3/4 LOW 6.34 3/4 CLOSE 6.00 1/2 Down 12 1/2 CLOSE 6.37 1/4 Down 10 Minni wheat closed slightly lower. MAR12 HI 8.32 SEP12 HI 7.83 1/4 LOW 8.18 1/2 LOW 7.75 CLOSE 8.23 1/4 Down 8 3/4 CLOSE 7.78 1/2 Down 8 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.12 0.74 0.13 -0.14 CAD $/bu 5.88 6.74 6.14 8.09 CAD $/tonne 216.17 247.83 225.48 297.26 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 0.44 -0.15 N/A N/A 0.49 -0.25 N/A London -0.23 0.58 -0.13 N/A N/A 0.43 -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 -0.17 N/A N/A N/A -0.35 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 0.44 -0.08 N/A N/A 0.49 -0.32 N/A Brigden N/A 0.44 -0.08 N/A N/A 0.49 -0.32 N/A Palmerston N/A 0.60 -0.21 -0.29 N/A 0.50 -0.32 -0.19 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 -0.40 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 0.20 N/A N/A N/A -0.50 N/A Pt. Stanley N/A N/A -0.25 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A 0.79 0.28N/A 0.20 1.01 0.30N/A Toledo El. 5.83US 5.90CA 6.34US 6.44CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.01 0.80 -0.21 0.17 CAD $/bu 6.36 7.18 6.16 7.95 CAD $/tonne 233.87 263.69 226.41 292.12 (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 341.94 - 344.15 DDG's FOB Srn, Wndr, Aylm 170.00 - 185.00