FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 29 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.021 down 0.0024 Chicago corn closed slightly lower. MAR12 HI 6.45 3/4 DEC12 HI 5.85 LOW 6.35 1/4 LOW 5.77 1/2 CLOSE6.38 Down 4 1/2 CLOSE 5.82 Down 1 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 6.08 239.36 -0.50 5.32 209.44 CK High -0.22 6.16 242.51 -0.50 5.32 209.44 CK Avg -0.27 -0.42 6.11 240.54 -0.50 -0.64 5.32 209.44 Essex Cty -0.30 6.08 239.36 -0.50 5.32 209.44 Mdsx Low -0.30 6.08 239.36 -0.50 5.32 209.44 Mdsx High -0.25 6.13 241.33 -0.50 5.32 209.44 Mdsx Avg -0.28 -0.42 6.11 240.34 -0.50 -0.64 5.32 209.44 Hensall -0.25 6.13 241.33 -0.48 5.35 210.42 Bruce -0.25 6.13 241.33 -0.50 5.32 209.44 Putnam -0.30 6.08 239.36 -0.50 5.32 209.44 Burford -0.30 6.08 239.36 -0.50 5.32 209.44 Port Perry -0.35 6.03 237.39 -0.55 5.27 207.47 Norfolk -0.22 6.16 242.51 -0.50 5.32 209.44 Palmerston -0.25 6.13 241.33 -0.45 5.37 211.41 Varna -0.25 6.13 241.33 -0.45 5.37 211.41 Trenton -0.15 6.23 245.26 -0.50 5.32 209.44 Winchester -0.10 6.28 247.23 -0.45 5.37 211.41 North Gower -0.18 6.20 244.08 0.02 5.84 229.91 Huron FOB -0.05 6.33 249.20 -0.45 5.37 211.41 Kent FOB -0.22 6.16 242.51 -0.50 5.32 209.44 Lamb FOB -0.22 6.16 242.51 -0.50 5.32 209.44 Mdsx FOB -0.20 -0.20 -0.15 -0.15 6.18 243.30 -0.50 5.32 209.44 FOB SW Que 0.15 6.53 257.07 -0.10 5.72 225.19 Track 0.18 6.56 258.06N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.00 0.40 0.40 0.40 6.38 251.17 0.10 5.92 233.06 Aylmer-Eth N/A -0.05 0.00 0.00 N/A Sarn-Eth 0.00 0.05 0.10 0.05 6.38 251.17N/A Cllngwd-Eth 0.20N/A N/A N/A 6.58 259.04-0.30* 5.52 217.31 London-Cas 0.00 0.10 0.10 0.10 6.38 251.17 -0.30 5.52 217.31 Pt.Colb-Cas 0.00 0.25 0.25 0.25 6.38 251.17 -0.25 5.57 219.28 Cardnl-Cas 0.00 0.25 0.30 0.25 6.38 251.17 -0.25 5.57 219.28 W O Feed 0.23 0.21 6.61 260.22 US Rep 0.65 0.63 7.03 276.76 Toledo El. -0.06 6.32 248.75 -0.44 5.38 211.78 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton N/A N/A MID SD CRN -0.26 6.12 HI SD CRN -0.22 6.16 *Wet Bid Bank of Canada Noon exchange rate was 1.021 down 0.0024 Chicago soybeans closed slightly lower. MAR12 HI 12.11 1/2 NOV12 HI 12.09 3/4 LOW 11.93 LOW 11.91 1/2 CLOSE11.97 Down 11 CLOSE 12.00 1/2 Down 4 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.65 11.32 415.94-0.77 11.24 412.82 CK High -0.56 11.41 419.25-0.65 11.36 417.22 CK Average -0.63 -0.9011.35 416.86-0.74-1.0311.27 414.10 Essex Cty -0.41 11.56 424.76-0.57 11.44 420.16 Mdsx Low -0.70 11.27 414.10-0.75 11.26 413.55 Mdsx High -0.60 11.37 417.78-0.70 11.31 415.39 Mdsx Average -0.65 -0.9311.32 415.94-0.73-1.0211.28 414.47 Hensall -0.65 11.32 415.94-0.73 11.28 414.47 Bruce -0.70 11.27 414.10-0.75 11.26 413.55 Putnam -0.70 11.27 414.10-0.75 11.26 413.55 Burford -0.60 11.37 417.78-0.70 11.31 415.39 Port Perry -0.63 11.34 416.67-0.73 11.28 414.29 Norfolk -0.51 11.46 421.08-0.71 11.30 415.02 Palmerston -0.60 11.37 417.78-0.70 11.31 415.39 Varna -0.70 11.27 414.10-0.75 11.26 413.55 Trenton -0.65 11.32 415.94-0.60 11.41 419.06 Winchester -0.55 11.42 419.61-0.45 11.56 424.57 North Gower -0.54 11.43 419.98-0.85 11.16 409.88 Huron FOB -0.45 11.52 423.29-0.65 11.36 417.22 Kent FOB -0.56 11.41 419.25-0.77 11.24 412.82 Lambton FOB -0.56 11.41 419.25-0.77 11.24 412.82 Middlesex FOB-0.39-0.44-0.44-0.35 11.58 425.49-0.54 11.47 421.27 PROCESSORS Hamilton 0.00 0.00 -0.10-0.10 11.97 439.82-0.20 11.81 433.76 Windsor -0.19-0.09-0.13-0.12 11.78 432.84-0.34 11.67 428.62 Winchester -0.67 11.30 415.20-0.47 11.54 423.84 TRANSFER Hamilton N/A N/A N/A N/A N/A Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.05 11.92 437.990.15 12.16 446.62 Toledo El. -0.24 11.73 431.17-0.59 11.41 419.28 Bank of Canada Noon exchange rate was 1.021 down 0.0024 Chicago wheat closed slightly lower. MAR12 HI 6.54 1/2 JUL12 HI 6.86 1/4 LOW 6.41 3/4 LOW 6.75 1/4 CLOSE 6.45 1/4 Down 6 CLOSE 6.79 3/4 Down 3 Minni wheat closed slightly lower. MAR12 HI 8.67 SEP12 HI 7.96 LOW 8.53 1/4 LOW 7.85 CLOSE 8.55 1/4 Down 7 3/4 CLOSE 7.87 3/4 Down 6 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.05 0.81 0.20 -0.21 CAD $/bu 6.40 7.27 6.65 8.34 CAD $/tonne 235.08 267.03 244.48 306.51 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 -0.15 0.57 -0.05 N/A N/A 0.52 -0.24 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 -0.45 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.20 Essex N/A N/A -0.15 N/A N/A N/A -0.28 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 0.00 N/A N/A 0.64 -0.27 N/A Brigden N/A 0.50 0.00 N/A N/A 0.64 -0.27 N/A Palmerston N/A 0.76 -0.06 -0.26 N/A 0.53 -0.30 -0.16 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 -0.41 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 0.07 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A N/A N/A N/A N/A N/A 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 0.87 0.46N/A 0.27 1.19 0.47N/A Toledo El. 6.42US 6.57CA 6.77US 6.93CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.06 0.88 -0.14 0.24 CAD $/bu 6.86 7.68 6.66 8.12 CAD $/tonne 252.12 282.23 244.59 298.42 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 280.00 - 295.00 Bayport Oats 310.00 Bayport Barley 280.00 FOB Hm Soymeal 370.16 - 372.37 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00