FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 9 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0201 up 0.0008 Chicago corn closed slightly to moderately lower. MAR12 HI 6.03 1/4 DEC12 HI 5.60 1/2 LOW 5.85 1/4 LOW 5.48 1/4 CLOSE5.94 1/4 Down 6 CLOSE 5.51 3/4 Down 9 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 -0.35 5.59 220.17 -0.55 4.97 195.56 CK High -0.35 5.59 220.17 -0.50 5.02 197.53 CK Avg -0.35 -0.48 5.59 220.17 -0.51 -0.63 5.01 197.20 Essex Cty -0.40 5.54 218.20 -0.45 5.07 199.50 Mdsx Low -0.35 5.59 220.17 -0.50 5.02 197.53 Mdsx High -0.35 5.59 220.17 -0.50 5.02 197.53 Mdsx Avg -0.35 -0.48 5.59 220.17 -0.50 -0.62 5.02 197.53 Hensall -0.35 5.59 220.17 -0.50 5.02 197.53 Bruce -0.35 5.59 220.17 -0.50 5.02 197.53 Putnam -0.35 5.59 220.17 -0.50 5.02 197.53 Princeton -0.35 5.59 220.17 -0.50 5.02 197.53 Durham -0.40 5.54 218.20 -0.55 4.97 195.56 Norfolk -0.35 5.59 220.17 -0.50 5.02 197.53 Palmerston -0.35 5.59 220.17 -0.50 5.02 197.53 Varna -0.35 5.59 220.17 -0.50 5.02 197.53 Trenton -0.30 5.64 222.14 -0.55 4.97 195.56 Winchester -0.35 5.59 220.17 -0.50 5.02 197.53 North Gower -0.61 5.33 209.93 -0.43 5.09 200.29 Huron FOB -0.15 5.79 228.04 -0.45 5.07 199.50 Kent FOB -0.35 5.59 220.17 -0.50 5.02 197.53 Lamb FOB -0.35 5.59 220.17 -0.50 5.02 197.53 Mdsx FOB -0.35 -0.25 -0.20N/A 5.59 220.17 -0.50 5.02 197.53 FOB SW Que 0.05 5.99 235.91 -0.10 5.42 213.28 Track 0.15 6.09 239.85N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.02 197.53 Jhnstwn-Eth -0.25 0.25 0.30 0.35 5.69 224.10 -0.25 5.27 207.37 Aylmer-Eth -0.05 0.05 0.10 0.05 5.89 231.98 N/A Sarn-Eth 0.00 0.05 0.10 0.05 5.94 233.95N/A Cllngwd-Eth -0.10N/A N/A N/A 5.84 230.01-0.30* 5.22 205.40 London-Cas -0.05 -0.05 0.00 0.00 5.89 231.98 -0.30 5.22 205.40 Pt.Colb-Cas -0.05 0.10 0.15 0.15 5.89 231.98 -0.25 5.27 207.37 Cardnl-Cas -0.40 0.10 0.15 0.15 5.54 218.20 -0.25 5.27 207.37 W O Feed 0.18 0.16 6.12 241.03 US Rep 0.57 0.55 6.51 256.39 Toledo El. -0.06 5.88 231.53 -0.44 5.08 199.92 TRANSFER Sarnia N/A N/A Pt. Stanley -0.40 5.54 218.20N/A Hamilton -0.15 5.79228 -0.30 5.22205 2/5 MID SD CRN -0.35 5.59 1/4 HI SD CRN -0.35 5.59 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0201 up 0.0008 Chicago soybeans closed moderately lower to lower. JAN12 HI 11.33 1/2 NOV12 HI 11.56 LOW 11.00 1/4 LOW 11.30 1/4 CLOSE11.07 Down 25 1/2 CLOSE 11.35 1/4 Down 21 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.62 10.45 383.97-0.80 10.55 387.74 CK High -0.51 10.56 388.01-0.70 10.65 391.41 CK Average -0.59 -0.8210.48 385.14-0.75-1.0010.60 389.45 Essex Cty -0.40 10.67 392.06-0.60 10.75 395.09 Mdsx Low -0.60 10.47 384.71-0.80 10.55 387.74 Mdsx High -0.57 10.50 385.81-0.72 10.63 390.68 Mdsx Average -0.59 -0.8210.49 385.26-0.76-1.0110.59 389.21 Hensall -0.63 10.45 383.79-0.80 10.55 387.74 Bruce -0.60 10.47 384.71-0.80 10.55 387.74 Putnam -0.65 10.42 382.87-0.85 10.50 385.90 Princeton -0.57 10.50 385.81-0.72 10.63 390.68 Durham -0.60 10.47 384.71-0.75 10.60 389.58 Norfolk -0.46 10.61 389.85-0.70 10.65 391.41 Palmerston -0.65 10.42 382.87-0.80 10.55 387.74 Varna -0.65 10.42 382.87-0.80 10.55 387.74 Trenton -0.80 10.27 377.36-0.75 10.60 389.58 Winchester -0.67 10.40 382.13-0.51 10.84 398.39 North Gower -0.33 10.74 394.63 N/A Huron FOB -0.45 10.62 390.22-0.70 10.65 391.41 Kent FOB -0.51 10.56 388.01-0.76 10.59 389.21 Lambton FOB -0.51 10.56 388.01-0.76 10.59 389.21 Middlesex FOB-0.16-0.31-0.36-0.31 10.91 400.87-0.61 10.74 394.72 PROCESSORS Hamilton 0.15 -0.10-0.15-0.15 11.22 412.26-0.25 11.10 407.95 Windsor -0.17-0.11-0.05-0.10 10.90 400.51-0.37 10.98 403.54 Winchester -0.57 10.50 385.81-0.76 10.59 389.21 TRANSFER Hamilton 0.20 N/A N/A N/A 11.27 414.10-0.35 11.00 404.27 Pt. Stanley -0.35 10.72 393.89 N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.55 11.62 426.960.10 11.45 420.81 Toledo El. -0.18 10.89 400.00-0.59 10.76 395.36 Bank of Canada Noon exchange rate was 1.0201 up 0.0008 Chicago wheat closed slightly lower. MAR12 HI 5.99 1/2 JUL12 HI 6.37 LOW 5.84 LOW 6.22 CLOSE 5.96 Down 1 CLOSE 6.33 1/4 Down 2 Minni wheat closed slightly higher. MAR12 HI 8.32 1/4 SEP12 HI 7.76 3/4 LOW 8.14 3/4 LOW 7.62 1/2 CLOSE 8.27 1/4 Up 6 CLOSE 7.72 1/4 Up 5 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 -0.23 CAD $/bu 5.88 6.75 6.14 8.04 CAD $/tonne 216.16 248.06 225.54 295.44 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 -0.15 N/A N/A 0.45 -0.25 N/A London -0.16 0.65 -0.06 N/A N/A 0.51 -0.26 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 -0.12 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 0.45 -0.07 N/A N/A 0.52 -0.27 N/A Brigden N/A 0.45 -0.07 N/A N/A 0.52 -0.27 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 -0.44 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 0.84 0.33N/A 0.24 1.06 0.34N/A Toledo El. 5.81US 5.93CA 6.30US 6.44CA 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 6.37 7.19 6.16 7.94 CAD $/tonne 234.01 264.05 226.50 291.84 (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 332.79 - 337.20 DDG's FOB Srn, Wndr, Aylm 170.00 - 185.00