FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 20 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0285 down 0.0079 Chicago corn closed slightly higher. MAR12 HI 6.08 1/2 DEC12 HI 5.65 LOW 5.96 1/4 LOW 5.56 CLOSE6.07 Up 6 CLOSE 5.63 1/2 Up 4 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR12+MAR12+MAY12 CK Low -0.30 5.77 227.15 -0.50 5.14 202.16 CK High -0.23 5.84 229.91 -0.45 5.19 204.12 CK Avg -0.26 -0.46 5.82 228.93 -0.46 -0.65 5.18 203.80 Essex Cty -0.30 5.77 227.15 -0.45 5.19 204.12 Mdsx Low -0.25 5.82 229.12 -0.45 5.19 204.12 Mdsx High -0.25 5.82 229.12 -0.45 5.19 204.12 Mdsx Avg -0.25 -0.45 5.82 229.12 -0.45 -0.64 5.19 204.12 Hensall -0.25 5.82 229.12 -0.45 5.19 204.12 Bruce -0.25 5.82 229.12 -0.45 5.19 204.12 Putnam -0.25 5.82 229.12 -0.45 5.19 204.12 Burford -0.25 5.82 229.12 -0.45 5.19 204.12 Port Perry -0.30 5.77 227.15 -0.50 5.14 202.16 Norfolk -0.23 5.84 229.91 -0.45 5.19 204.12 Palmerston -0.25 5.82 229.12 -0.45 5.19 204.12 Varna -0.25 5.82 229.12 -0.45 5.19 204.12 Trenton -0.20 5.87 231.09 -0.50 5.14 202.16 Winchester -0.20 5.87 231.09 -0.40 5.24 206.09 North Gower -0.33 5.74 225.97 -0.30 5.34 210.03 Huron FOB -0.10 5.97 235.03 -0.40 5.24 206.09 Kent FOB -0.23 5.84 229.91 -0.45 5.19 204.12 Lamb FOB -0.23 5.84 229.91 -0.45 5.19 204.12 Mdsx FOB -0.35 -0.20 -0.15 -0.15 5.72 225.19 -0.45 5.19 204.12 FOB SW Que -0.05 6.02 237.00 0.00 5.64 221.84 Track 0.20 6.27 246.84N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.14 202.16 Jhnstwn-Eth N/A 0.25 0.30 0.30 -0.35 5.29 208.06 Aylmer-Eth -0.05 0.05 0.10 0.05 6.02 237.00 N/A Sarn-Eth 0.00 0.05 0.10 0.05 6.07 238.97N/A Cllngwd-Eth 0.15N/A N/A N/A 6.22 244.87-0.30* 5.34 210.03 London-Cas 0.00 0.00 0.05 0.00 6.07 238.97 -0.30 5.34 210.03 Pt.Colb-Cas 0.00 0.20 0.20 0.15 6.07 238.97 -0.25 5.39 212.00 Cardnl-Cas 0.00 0.20 0.20 0.15 6.07 238.97 -0.25 5.39 212.00 W O Feed 0.21 0.18 6.28 247.23 US Rep 0.75 0.72 6.82 268.49 Toledo El. -0.06 6.01 236.53 -0.44 5.19 204.34 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.00 6.07239 -0.20 5.44214 MID SD CRN -0.26 1/2 5.80 1/2 HI SD CRN -0.23 5.84 *Wet Bid Bank of Canada Noon exchange rate was 1.0285 down 0.0079 Chicago soybeans closed slightly higher. JAN12 HI 11.49 3/4 NOV12 HI 11.70 LOW 11.35 1/2 LOW 11.56 1/2 CLOSE11.44 1/2 Up 7 1/2 CLOSE 11.66 1/2 Up 8 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.50 10.95 402.16-0.70 10.97 402.89 CK High -0.42 11.03 405.10-0.55 11.12 408.41 CK Average -0.46 -0.8410.98 403.57-0.66-1.0511.01 404.49 Essex Cty -0.27 11.18 410.61-0.47 11.20 411.35 Mdsx Low -0.45 11.00 404.00-0.65 11.02 404.73 Mdsx High -0.40 11.05 405.83-0.65 11.02 404.73 Mdsx Average -0.43 -0.8011.02 404.92-0.65-1.0511.02 404.73 Hensall -0.43 11.02 404.92-0.65 11.02 404.73 Bruce -0.45 11.00 404.00-0.65 11.02 404.73 Putnam -0.45 11.00 404.00-0.65 11.02 404.73 Burford -0.40 11.05 405.83-0.65 11.02 404.73 Port Perry -0.43 11.02 404.73-0.68 10.99 403.63 Norfolk -0.40 11.05 405.83-0.64 11.03 405.10 Palmerston -0.40 11.05 405.83-0.65 11.02 404.73 Varna -0.40 11.05 405.83-0.60 11.07 406.57 Trenton -0.45 11.00 404.00-0.50 11.17 410.24 Winchester -0.45 11.00 404.00-0.55 11.12 408.41 North Gower -0.34 11.11 408.04-0.59 11.08 406.94 Huron FOB -0.25 11.20 411.35-0.50 11.17 410.24 Kent FOB -0.45 11.00 404.00-0.70 10.97 402.89 Lambton FOB -0.45 11.00 404.00-0.70 10.97 402.89 Middlesex FOB-0.16-0.34-0.29 N/A 11.29 414.65-0.49 11.18 410.61 PROCESSORS Hamilton 0.20 0.00 -0.05-0.05 11.65 427.88-0.15 11.52 423.10 Windsor -0.040.06 -0.08-0.02 11.41 419.06-0.24 11.43 419.80 Winchester -0.27 11.18 410.61-0.26 11.41 419.06 TRANSFER Hamilton 0.50 N/A N/A N/A 11.95 438.90-0.10 11.57 424.94 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 11.45 420.530.25 11.92 437.80 Toledo El. -0.19 11.26 413.70-0.60 11.07 406.58 Bank of Canada Noon exchange rate was 1.0285 down 0.0079 Chicago wheat closed slightly higher. MAR12 HI 6.08 3/4 JUL12 HI 6.44 3/4 LOW 5.95 1/2 LOW 6.31 1/4 CLOSE 6.07 3/4 Up 8 CLOSE 6.43 3/4 Up 7 3/4 Minni wheat closed moderately higher. MAR12 HI 8.43 SEP12 HI 7.85 1/2 LOW 8.24 LOW 7.66 3/4 CLOSE 8.39 1/4 Up 12 CLOSE 7.81 1/4 Up 14 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.01 0.87 0.25 -0.14 CAD $/bu 6.07 6.95 6.33 8.26 CAD $/tonne 223.10 255.36 232.59 303.38 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 0.55 0.00 N/A N/A 0.60 -0.20 N/A London -0.13 0.59 -0.03 N/A N/A 0.55 -0.22 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 -0.40 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.20 Essex N/A N/A -0.10 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 0.50 -0.04 N/A N/A 0.64 -0.23 N/A Brigden N/A 0.50 -0.04 N/A N/A 0.64 -0.23 N/A Palmerston N/A 0.86 0.03 -0.14 N/A 0.63 -0.21 -0.05 Varna 0.00 0.70 0.00 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 -0.60 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 0.00 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 0.92 0.51N/A 0.32 1.25 0.53N/A Toledo El. 6.00US 6.20CA 6.41US 6.63CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.12 0.94 -0.09 0.32 CAD $/bu 6.55 7.38 6.35 8.13 CAD $/tonne 240.79 271.18 233.19 298.73 (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 360.68 - 368.40 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00