FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0193 up 0.0088 Chicago corn closed moderately higher. MAR12 HI 6.02 DEC12 HI 5.61 1/2 LOW 5.85 LOW 5.46 1/2 CLOSE6.00 1/4 Up 7 1/2 CLOSE 5.61 Up 10 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 5.60 220.56 -0.55 5.06 199.20 CK High -0.35 5.65 222.53 -0.50 5.11 201.17 CK Avg -0.37 -0.51 5.64 221.87 -0.51 -0.66 5.10 200.84 Essex Cty -0.30 5.70 224.50 -0.45 5.16 203.14 Mdsx Low -0.40 5.60 220.56 -0.50 5.11 201.17 Mdsx High -0.35 5.65 222.53 -0.50 5.11 201.17 Mdsx Avg -0.38 -0.51 5.63 221.54 -0.50 -0.65 5.11 201.17 Hensall -0.38 5.63 221.54 -0.50 5.11 201.17 Bruce -0.40 5.60 220.56 -0.50 5.11 201.17 Putnam -0.40 5.60 220.56 -0.50 5.11 201.17 Princeton -0.35 5.65 222.53 -0.50 5.11 201.17 Durham -0.40 5.60 220.56 -0.55 5.06 199.20 Norfolk -0.35 5.65 222.53 -0.50 5.11 201.17 Palmerston -0.35 5.65 222.53 -0.50 5.11 201.17 Varna -0.35 5.65 222.53 -0.50 5.11 201.17 Trenton -0.30 5.70 224.50 -0.55 5.06 199.20 Winchester -0.35 5.65 222.53 -0.50 5.11 201.17 North Gower -0.46 5.54 218.20 -0.26 5.35 210.62 Huron FOB -0.15 5.85 230.40 -0.45 5.16 203.14 Kent FOB -0.35 5.65 222.53 -0.50 5.11 201.17 Lamb FOB -0.35 5.65 222.53 -0.50 5.11 201.17 Mdsx FOB -0.35 -0.35 -0.30N/A 5.65 222.53 -0.50 5.11 201.17 FOB SW Que 0.05 6.05 238.28 -0.10 5.51 216.92 Track 0.13 6.13 241.23N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.11 201.17 Jhnstwn-Eth -0.25 0.25 0.30 0.35 5.75 226.47 -0.25 5.36 211.01 Aylmer-Eth -0.05 0.05 0.10 0.05 5.95 234.34 N/A Sarn-Eth 0.00 0.05 0.10 0.05 6.00 236.31N/A Cllngwd-Eth -0.10N/A N/A N/A 5.90 232.37-0.30* 5.31 209.05 London-Cas -0.05 -0.05 0.00 0.00 5.95 234.34 -0.30 5.31 209.05 Pt.Colb-Cas -0.05 0.10 0.15 0.15 5.95 234.34 -0.25 5.36 211.01 Cardnl-Cas -0.40 0.10 0.15 0.15 5.60 220.56 -0.25 5.36 211.01 W O Feed 0.18 0.16 6.18 243.39 US Rep 0.57 0.55 6.57 258.75 Toledo El. -0.06 5.94 233.89 -0.44 5.17 203.47 TRANSFER Sarnia N/A N/A Pt. Stanley -0.40 5.60 220.56N/A Hamilton -0.15 5.85230 2/5 -0.30 5.31209 MID SD CRN -0.37 1/2 5.62 3/4 HI SD CRN -0.35 5.65 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0193 up 0.0088 Chicago soybeans closed slightly higher. JAN12 HI 11.36 1/2 NOV12 HI 11.61 1/2 LOW 11.21 1/4 LOW 11.46 CLOSE11.32 1/2 Up 1 1/2 CLOSE 11.57 Up 1 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.65 10.68 392.24-0.85 10.72 393.89 CK High -0.60 10.73 394.08-0.70 10.87 399.40 CK Average -0.62 -0.8810.71 393.46-0.80-1.1110.77 395.73 Essex Cty -0.43 10.90 400.32-0.58 10.99 403.81 Mdsx Low -0.65 10.68 392.24-0.80 10.77 395.73 Mdsx High -0.60 10.73 394.08-0.78 10.79 396.46 Mdsx Average -0.63 -0.8910.70 393.16-0.79-1.1010.78 396.10 Hensall -0.63 10.70 393.16-0.80 10.77 395.73 Bruce -0.65 10.68 392.24-0.85 10.72 393.89 Putnam -0.60 10.73 394.08-0.80 10.77 395.73 Princeton -0.63 10.70 392.97-0.78 10.79 396.46 Durham -0.66 10.67 391.87-0.81 10.76 395.36 Norfolk -0.60 10.73 394.08-0.77 10.80 396.83 Palmerston -0.70 10.63 390.40-0.85 10.72 393.89 Varna -0.70 10.63 390.40-0.85 10.72 393.89 Trenton -0.80 10.53 386.73-0.75 10.82 397.57 Winchester -0.67 10.66 391.50-0.51 11.06 406.39 North Gower -0.30 11.03 405.10 N/A Huron FOB -0.45 10.88 399.59-0.70 10.87 399.40 Kent FOB -0.65 10.68 392.24-0.83 10.74 394.63 Lambton FOB -0.65 10.68 392.24-0.83 10.74 394.63 Middlesex FOB-0.41-0.37-0.42-0.37 10.92 401.06-0.56 11.01 404.55 PROCESSORS Hamilton 0.05 -0.20-0.25-0.25 11.38 417.96-0.35 11.22 412.26 Windsor -0.20-0.15-0.19-0.13 11.13 408.77-0.35 11.22 412.26 Winchester -0.57 10.76 395.18-0.76 10.81 397.20 TRANSFER Hamilton 0.20 N/A N/A N/A 11.53 423.47-0.35 11.22 412.26 Pt. Stanley -0.35 10.98 403.26 N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.55 11.88 436.330.15 11.72 430.64 Toledo El. -0.18 11.14 409.36-0.60 10.97 403.24 Bank of Canada Noon exchange rate was 1.0193 up 0.0088 Chicago wheat closed slightly lower. MAR12 HI 6.03 JUL12 HI 6.40 3/4 LOW 5.90 3/4 LOW 6.28 1/2 CLOSE 5.97 Down 3 1/2 CLOSE 6.35 1/4 Down 2 Minni wheat closed slightly to moderately lower. MAR12 HI 8.28 SEP12 HI 7.79 1/2 LOW 8.16 3/4 LOW 7.65 CLOSE 8.21 1/4 Down 2 CLOSE 7.67 1/4 Down 10 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.07 0.80 0.19 -0.07 CAD $/bu 5.90 6.77 6.16 8.15 CAD $/tonne 216.91 248.87 226.31 299.34 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 0.45 -0.10 N/A N/A 0.45 -0.25 N/A London -0.20 0.62 -0.09 N/A N/A 0.47 -0.29 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 -0.11 N/A N/A N/A -0.24 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 0.41 -0.11 N/A N/A 0.48 -0.31 N/A Brigden N/A 0.41 -0.11 N/A N/A 0.48 -0.31 N/A Palmerston N/A 0.58 -0.23 -0.31 N/A 0.49 -0.33 -0.20 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 -0.41 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 0.85 0.34N/A 0.27 1.10 0.38N/A Toledo El. 5.79US 5.92CA 6.32US 6.49CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.07 0.89 -0.14 0.26 CAD $/bu 6.42 7.24 6.22 7.93 CAD $/tonne 235.95 266.13 228.40 291.42 (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 340.95 - 345.36 DDG's FOB Srn, Wndr, Aylm 170.00 - 185.00