FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0275 up 0.0074 Chicago corn closed slightly lower. MAR12 HI 5.97 1/4 DEC12 HI 5.53 1/4 LOW 5.85 LOW 5.45 CLOSE5.94 Down 1/4 CLOSE 5.48 Down 3 3/4 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 5.59 220.07 -0.55 4.93 194.09 CK High -0.32 5.62 221.25 -0.50 4.98 196.05 CK Avg -0.35 -0.51 5.60 220.27 -0.51 -0.67 4.97 195.73 Essex Cty -0.40 5.54 218.10 -0.45 5.03 198.02 Mdsx Low -0.35 5.59 220.07 -0.50 4.98 196.05 Mdsx High -0.35 5.59 220.07 -0.50 4.98 196.05 Mdsx Avg -0.35 -0.52 5.59 220.07 -0.50 -0.66 4.98 196.05 Hensall -0.33 5.62 221.05 -0.50 4.98 196.05 Bruce -0.35 5.59 220.07 -0.50 4.98 196.05 Putnam -0.35 5.59 220.07 -0.50 4.98 196.05 Princeton -0.35 5.59 220.07 -0.50 4.98 196.05 Durham -0.40 5.54 218.10 -0.55 4.93 194.09 Norfolk -0.32 5.62 221.25 -0.50 4.98 196.05 Palmerston -0.35 5.59 220.07 -0.50 4.98 196.05 Varna -0.30 5.64 222.04 -0.50 4.98 196.05 Trenton -0.30 5.64 222.04 -0.55 4.93 194.09 Winchester -0.35 5.59 220.07 -0.50 4.98 196.05 North Gower -0.60 5.34 210.23 -0.40 5.08 199.99 Huron FOB -0.15 5.79 227.94 -0.45 5.03 198.02 Kent FOB -0.32 5.62 221.25 -0.50 4.98 196.05 Lamb FOB -0.32 5.62 221.25 -0.50 4.98 196.05 Mdsx FOB -0.35 -0.25 -0.20N/A 5.59 220.07 -0.50 4.98 196.05 FOB SW Que 0.05 5.99 235.82 -0.10 5.38 211.80 Track 0.15 6.09 239.75N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 4.98 196.05 Jhnstwn-Eth -0.25 0.25 0.30 0.35 5.69 224.01 -0.25 5.23 205.90 Aylmer-Eth -0.05 0.05 0.10 0.05 5.89 231.88 N/A Sarn-Eth 0.00 0.05 0.10 0.05 5.94 233.85N/A Cllngwd-Eth -0.10N/A N/A N/A 5.84 229.91-0.30* 5.18 203.93 London-Cas -0.05 -0.05 0.00 0.00 5.89 231.88 -0.30 5.18 203.93 Pt.Colb-Cas -0.05 0.10 0.15 0.15 5.89 231.88 -0.25 5.23 205.90 Cardnl-Cas -0.40 0.10 0.15 0.15 5.54 218.10 -0.25 5.23 205.90 W O Feed 0.18 0.15 6.12 240.93 US Rep 0.57 0.54 6.51 256.29 Toledo El. -0.06 5.88 231.42 -0.44 5.04 198.30 TRANSFER Sarnia N/A N/A Pt. Stanley -0.35 5.59 220.07N/A Hamilton -0.05 5.89231 7/8 -0.25 5.23205 8/9 MID SD CRN -0.33 1/2 5.60 1/2 HI SD CRN -0.32 5.62 *Wet Bid Bank of Canada Noon exchange rate was 1.0275 up 0.0074 Chicago soybeans closed slightly higher. JAN12 HI 11.15 NOV12 HI 11.41 LOW 10.95 LOW 11.24 1/4 CLOSE11.12 Up 5 CLOSE 11.37 Up 1 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.58 10.54 387.28-0.73 10.64 390.95 CK High -0.45 10.67 392.06-0.70 10.67 392.06 CK Average -0.50 -0.8210.62 390.22-0.71-1.0510.66 391.81 Essex Cty -0.32 10.80 396.83-0.52 10.85 398.67 Mdsx Low -0.54 10.58 388.75-0.70 10.67 392.06 Mdsx High -0.45 10.67 392.06-0.69 10.68 392.42 Mdsx Average -0.50 -0.8110.63 390.40-0.70-1.0410.68 392.24 Hensall -0.48 10.65 391.14-0.70 10.67 392.06 Bruce -0.45 10.67 392.06-0.70 10.67 392.06 Putnam -0.45 10.67 392.06-0.70 10.67 392.06 Princeton -0.54 10.58 388.75-0.69 10.68 392.42 Durham -0.57 10.55 387.65-0.72 10.65 391.32 Norfolk -0.42 10.70 393.16-0.65 10.72 393.89 Palmerston -0.60 10.52 386.54-0.80 10.57 388.38 Varna -0.50 10.62 390.22-0.65 10.72 393.89 Trenton -0.70 10.42 382.87-0.65 10.72 393.89 Winchester -0.57 10.55 387.65-0.52 10.85 398.67 North Gower -0.36 10.76 395.36 N/A Huron FOB -0.35 10.77 395.73-0.60 10.77 395.73 Kent FOB -0.47 10.65 391.32-0.71 10.66 391.69 Lambton FOB -0.47 10.65 391.32-0.71 10.66 391.69 Middlesex FOB-0.12-0.28-0.33-0.27 11.00 404.18-0.58 10.79 396.46 PROCESSORS Hamilton 0.15 -0.10-0.15-0.15 11.27 414.10-0.25 11.12 408.59 Windsor -0.10-0.09-0.24-0.29 11.02 404.92-0.30 11.07 406.75 Winchester -0.57 10.55 387.65-0.41 10.96 402.71 TRANSFER Hamilton 0.30 N/A N/A N/A 11.42 419.61-0.20 11.17 410.43 Pt. Stanley -0.20 10.92 401.24-0.70 10.67 392.06 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.55 11.67 428.800.10 11.47 421.45 Toledo El. -0.19 10.93 401.79-0.60 10.77 395.83 Bank of Canada Noon exchange rate was 1.0275 up 0.0074 Chicago wheat closed slightly lower. MAR12 HI 6.01 3/4 JUL12 HI 6.34 1/2 LOW 5.87 1/4 LOW 6.23 CLOSE 5.94 1/4 Down 1 3/4 CLOSE 6.27 Down 6 1/4 Minni wheat closed mixed. MAR12 HI 8.28 SEP12 HI 7.87 LOW 8.21 LOW 7.71 1/4 CLOSE 8.23 1/2 Down 3 3/4 CLOSE 7.74 3/4 Up 2 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.04 0.84 0.22 -0.18 CAD $/bu 5.91 6.78 6.16 8.06 CAD $/tonne 217.03 249.16 226.48 296.12 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 -0.30 N/A London -0.15 0.68 -0.04 N/A N/A 0.53 -0.24 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 -0.30 Essex N/A N/A -0.08 N/A N/A N/A -0.21 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 0.48 -0.04 N/A N/A 0.55 -0.24 N/A Brigden N/A 0.48 -0.04 N/A N/A 0.55 -0.24 N/A Palmerston N/A 0.68 -0.14 -0.19 N/A 0.59 -0.25 -0.09 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 0.30 N/A N/A N/A -0.10 N/A Pt. Stanley N/A N/A -0.15 N/A N/A N/A -0.55 N/A PROCESSORS Toledo FM N/A 0.89 0.38N/A 0.29 1.11 0.39N/A Toledo El. 5.79US 5.96CA 6.24US 6.43CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.08 0.91 -0.12 0.28 CAD $/bu 6.35 7.18 6.15 8.03 CAD $/tonne 233.50 263.78 225.93 295.10 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 285.00 - 295.00 Bayport Oats 315.00 Bayport Barley 285.00 FOB Hm Soymeal 335.66 - 340.07 DDG's FOB Srn, Wndr, Aylm 170.00 - 185.00