FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 14 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0406 up 0.0122 Chicago corn closed lower. MAR12 HI 5.98 DEC12 HI 5.54 LOW 5.80 1/4 LOW 5.39 CLOSE5.80 3/4 Down 13 3/4 CLOSE 5.40 1/2 Down 14 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 5.46 214.85 -0.55 4.86 191.13 CK High -0.30 5.51 216.82 -0.50 4.91 193.10 CK Avg -0.33 -0.57 5.48 215.71 -0.51 -0.73 4.90 192.77 Essex Cty -0.40 5.41 212.88 -0.50 4.91 193.10 Mdsx Low -0.35 5.46 214.85 -0.50 4.91 193.10 Mdsx High -0.30 5.51 216.82 -0.50 4.91 193.10 Mdsx Avg -0.33 -0.57 5.48 215.84 -0.50 -0.73 4.91 193.10 Hensall -0.28 5.53 217.80 -0.48 4.93 194.09 Bruce -0.30 5.51 216.82 -0.50 4.91 193.10 Putnam -0.30 5.51 216.82 -0.50 4.91 193.10 Burford -0.35 5.46 214.85 -0.50 4.91 193.10 Port Perry -0.40 5.41 212.88 -0.55 4.86 191.13 Norfolk -0.32 5.49 216.03 -0.50 4.91 193.10 Palmerston -0.30 5.51 216.82 -0.50 4.91 193.10 Varna -0.30 5.51 216.82 -0.50 4.91 193.10 Trenton -0.25 5.56 218.79 -0.55 4.86 191.13 Winchester -0.35 5.46 214.85 -0.50 4.91 193.10 North Gower -0.19 5.62 221.15 -0.29 5.12 201.37 Huron FOB N/A N/A Kent FOB -0.32 5.49 216.03 -0.50 4.91 193.10 Lamb FOB -0.32 5.49 216.03 -0.50 4.91 193.10 Mdsx FOB -0.35 -0.25 -0.20N/A 5.46 214.85 -0.50 4.91 193.10 FOB SW Que 0.05 5.86 230.60 -0.10 5.31 208.85 Track 0.18 5.98 235.52N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 4.91 193.10 Jhnstwn-Eth -0.25 0.25 0.30 0.35 5.56 218.79 -0.25 5.16 202.94 Aylmer-Eth -0.05 0.05 0.10 0.05 5.76 226.66 N/A Sarn-Eth 0.00 0.05 0.10 0.05 5.81 228.63N/A Cllngwd-Eth -0.10N/A N/A N/A 5.71 224.69-0.30* 5.11 200.97 London-Cas -0.05 -0.05 0.00 0.00 5.76 226.66 -0.30 5.11 200.97 Pt.Colb-Cas -0.05 0.10 0.15 0.15 5.76 226.66 -0.25 5.16 202.94 Cardnl-Cas -0.40 0.10 0.15 0.15 5.41 212.88 -0.25 5.16 202.94 W O Feed 0.19 0.15 6.00 236.11 US Rep 0.75 0.71 6.56 258.16 Toledo El. -0.06 5.74 226.17 -0.45 4.96 195.15 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.00 5.81228 5/8 -0.20 5.21205 MID SD CRN -0.32 1/2 5.48 1/4 HI SD CRN -0.30 5.50 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0406 up 0.0122 Chicago soybeans closed moderately lower. JAN12 HI 11.19 1/4 NOV12 HI 11.42 1/2 LOW 10.94 1/4 LOW 11.15 3/4 CLOSE11.00 Down 18 1/2 CLOSE 11.21 1/2 Down 20 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.40 10.60 389.48-0.65 10.57 388.20 CK High -0.33 10.67 392.06-0.50 10.72 393.71 CK Average -0.37 -0.8310.63 390.59-0.59-1.0510.63 390.52 Essex Cty -0.18 10.82 397.57-0.39 10.83 397.75 Mdsx Low -0.39 10.61 389.85-0.60 10.62 390.03 Mdsx High -0.35 10.65 391.32-0.54 10.68 392.24 Mdsx Average -0.37 -0.8310.63 390.59-0.57-1.0410.65 391.14 Hensall -0.35 10.65 391.32-0.60 10.62 390.03 Bruce -0.35 10.65 391.32-0.60 10.62 390.03 Putnam -0.35 10.65 391.32-0.60 10.62 390.03 Burford -0.39 10.61 389.85-0.54 10.68 392.24 Port Perry -0.42 10.58 388.75-0.57 10.65 391.14 Norfolk -0.28 10.72 393.89-0.52 10.70 392.97 Palmerston -0.35 10.65 391.32-0.60 10.62 390.03 Varna -0.50 10.50 385.81-0.65 10.57 388.20 Trenton -0.45 10.55 387.65-0.55 10.67 391.87 Winchester -0.32 10.68 392.42-0.31 10.91 400.69 North Gower -0.24 10.76 395.36 N/A Huron FOB N/A N/A Kent FOB -0.33 10.67 392.06-0.58 10.64 390.77 Lambton FOB -0.33 10.67 392.06-0.58 10.64 390.77 Middlesex FOB0.08 -0.18-0.18-0.20 11.08 407.12-0.43 10.79 396.28 PROCESSORS Hamilton 0.30 0.05 0.00 0.00 11.30 415.20-0.10 11.12 408.41 Windsor 0.04 0.04 -0.10-0.15 11.04 405.65-0.16 11.06 406.20 Winchester -0.32 10.68 392.42-0.29 10.93 401.43 TRANSFER Hamilton 0.50 N/A N/A N/A 11.50 422.55-0.10 11.12 408.41 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.60 11.60 426.230.25 11.47 421.27 Toledo El. -0.19 10.81 397.29-0.60 10.61 389.88 Bank of Canada Noon exchange rate was 1.0406 up 0.0122 Chicago wheat closed moderately lower. MAR12 HI 6.02 3/4 JUL12 HI 6.35 LOW 5.79 LOW 6.13 1/4 CLOSE 5.80 3/4 Down 19 3/4 CLOSE 6.15 Down 18 1/4 Minni wheat closed moderately lower. MAR12 HI 8.31 SEP12 HI 7.70 LOW 8.13 1/2 LOW 7.60 CLOSE 8.15 3/4 Down 14 1/4 CLOSE 7.61 1/2 Down 15 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.03 0.92 0.29 -0.08 CAD $/bu 5.84 6.73 6.10 8.08 CAD $/tonne 214.63 247.16 224.19 296.92 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 0.50 -0.10 N/A N/A 0.50 -0.25 N/A London -0.07 0.66 0.04 N/A N/A 0.62 -0.16 N/A Hensall -0.10 N/A 0.00 N/A 0.00 N/A -0.20 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 -0.06 N/A N/A N/A -0.23 N/A Norwich -0.10 N/A 0.00 N/A 0.00 N/A -0.20 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 0.00 N/A 0.00 N/A -0.20 N/A Chatham N/A 0.56 0.04 N/A N/A 0.63 -0.16 N/A Brigden N/A 0.56 0.04 N/A N/A 0.63 -0.16 N/A Palmerston N/A 0.80 -0.02 -0.20 N/A 0.58 -0.25 -0.10 Varna -0.15 0.70 -0.15 N/A 0.20 0.80 -0.25 N/A Mitchell -0.10 0.60 0.00 N/A 0.00 0.70 -0.20 N/A Thornton N/A N/A N/A -0.53 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 0.38 N/A N/A N/A -0.55 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A 0.97 0.45N/A 0.36 1.19 0.46N/A Toledo El. 5.66US 5.89CA 6.12US 6.38CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.15 0.99 -0.06 0.37 CAD $/bu 6.30 7.14 6.09 7.98 CAD $/tonne 231.56 262.18 223.91 293.38 (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 310.00 Bayport Barley 280.00 FOB Hm Soymeal 338.64 - 346.35 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00