FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.009 down 0.0080 Chicago corn closed slightly to moderately higher. MAR12 HI 6.64 1/4 DEC12 HI 5.97 LOW 6.53 LOW 5.85 3/4 CLOSE6.58 1/2 Up 12 CLOSE 5.90 Up 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 -0.30 6.29 247.43 -0.57 5.33 209.83 CK High -0.30 6.29 247.43 -0.50 5.40 212.59 CK Avg -0.30 -0.38 6.29 247.43 -0.52 -0.60 5.38 211.80 Essex Cty -0.30 6.29 247.43 -0.55 5.35 210.62 Mdsx Low -0.30 6.29 247.43 -0.55 5.35 210.62 Mdsx High -0.30 6.29 247.43 -0.50 5.40 212.59 Mdsx Avg -0.30 -0.38 6.29 247.43 -0.53 -0.61 5.38 211.60 Hensall -0.30 6.29 247.43 -0.50 5.40 212.59 Bruce -0.30 6.29 247.43 -0.50 5.40 212.59 Putnam -0.30 6.29 247.43 -0.50 5.40 212.59 Burford -0.30 6.29 247.43 -0.55 5.35 210.62 Port Perry -0.35 6.24 245.46 -0.60 5.30 208.65 Norfolk -0.30 6.29 247.43 -0.57 5.33 209.83 Palmerston -0.25 6.34 249.40 -0.45 5.45 214.56 Varna -0.25 6.34 249.40 -0.45 5.45 214.56 Trenton -0.05 6.54 257.27 -0.50 5.40 212.59 Winchester 0.00 6.59 259.24 -0.45 5.45 214.56 North Gower 0.02 6.61 260.03 -0.41 5.49 216.13 Huron FOB -0.15 6.44 253.33 -0.40 5.50 216.53 Kent FOB -0.30 6.29 247.43 -0.57 5.33 209.83 Lamb FOB -0.30 6.29 247.43 -0.57 5.33 209.83 Mdsx FOB -0.20 -0.10 -0.10 -0.05 6.39 251.37 -0.55 5.35 210.62 FOB SW Que 0.15 6.74 265.15 -0.10 5.80 228.34 Track 0.15 6.74 265.15N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 5.40 212.59 Jhnstwn-Eth 0.40 0.40 0.40 0.45 6.99 274.99 -0.25 5.65 222.43 Aylmer-Eth -0.10 0.00 0.00 0.05 6.49 255.30 N/A Sarn-Eth 0.05 0.10 0.05N/A 6.64 261.21N/A Cllngwd-Eth 0.20N/A N/A N/A 6.79 267.11-0.30* 5.60 220.46 London-Cas 0.05 0.05 0.05 0.15 6.64 261.21 -0.35 5.55 218.49 Pt.Colb-Cas 0.25 0.30 0.25 0.30 6.84 269.08 -0.30 5.60 220.46 Cardnl-Cas 0.20 0.25 0.25 0.30 6.79 267.11 -0.30 5.60 220.46 W O Feed 0.23 0.22 6.82 268.29 US Rep 0.65 0.64 7.24 284.83 Toledo El. -0.06 6.52 256.85 -0.44 5.46 215.11 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.00 6.59259 1/4 -0.30 5.60220 1/2 MID SD CRN -0.30 6.28 1/2 HI SD CRN -0.30 6.28 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.009 down 0.0080 Chicago soybeans closed moderately higher. MAR12 HI 12.44 3/4 NOV12 HI 12.31 LOW 12.23 1/4 LOW 12.15 CLOSE12.27 1/2 Up 19 3/4 CLOSE 12.19 Up 14 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.76 11.52 423.10-0.87 11.32 415.94 CK High -0.60 11.68 428.98-0.70 11.49 422.19 CK Average -0.65 -0.8011.62 427.08-0.80-0.9611.40 418.69 Essex Cty -0.53 11.75 431.55-0.69 11.50 422.55 Mdsx Low -0.73 11.55 424.21-0.83 11.36 417.41 Mdsx High -0.65 11.63 427.15-0.80 11.39 418.51 Mdsx Average -0.69 -0.8411.59 425.68-0.82-0.9811.38 417.96 Hensall -0.68 11.60 426.23-0.80 11.39 418.51 Bruce -0.60 11.68 428.98-0.70 11.49 422.19 Putnam -0.65 11.63 427.15-0.80 11.39 418.51 Burford -0.73 11.55 424.21-0.83 11.36 417.41 Port Perry -0.76 11.52 423.10-0.86 11.33 416.31 Norfolk -0.55 11.73 430.82-0.80 11.39 418.51 Palmerston -0.65 11.63 427.15-0.75 11.44 420.35 Varna -0.70 11.58 425.31-0.75 11.44 420.35 Trenton -0.80 11.48 421.63-0.85 11.34 416.67 Winchester -0.89 11.39 418.33-0.74 11.45 420.72 North Gower -0.48 11.80 433.39-0.74 11.45 420.72 Huron FOB -0.55 11.73 430.82-0.70 11.49 422.19 Kent FOB -0.60 11.68 428.98-0.85 11.34 416.67 Lambton FOB -0.60 11.68 428.98-0.85 11.34 416.67 Middlesex FOB-0.47-0.47 N/A N/A 11.81 433.76-0.67 11.52 423.29 PROCESSORS Hamilton -0.10-0.25-0.25-0.25 12.18 447.35-0.35 11.84 435.05 Windsor -0.30-0.25-0.24-0.33 11.98 440.01-0.46 11.73 431.00 Winchester -0.45 11.83 434.49-0.35 11.84 435.05 TRANSFER Hamilton -0.55 N/A N/A N/A 11.73 430.82-0.30 11.89 436.88 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.05 12.23 449.190.10 12.29 451.58 Toledo El. -0.08 12.19 448.05-0.59 11.60 426.30 Bank of Canada Noon exchange rate was 1.009 down 0.0080 Chicago wheat closed slightly higher. MAR12 HI 6.70 3/4 JUL12 HI 7.02 3/4 LOW 6.53 3/4 LOW 6.88 1/4 CLOSE 6.57 Up 4 1/4 CLOSE 6.91 3/4 Up 5 1/2 Minni wheat closed mixed. MAR12 HI 8.70 3/4 SEP12 HI 8.10 1/4 LOW 8.43 LOW 7.92 3/4 CLOSE 8.44 1/4 Down 5 1/4 CLOSE 7.98 3/4 Up 8 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.12 0.74 0.13 -0.30 CAD $/bu 6.45 7.31 6.70 8.14 CAD $/tonne 236.90 268.51 246.20 299.10 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 -0.22 0.49 -0.12 N/A N/A 0.44 -0.32 N/A Hensall -0.10 N/A -0.05 N/A 0.05 N/A -0.25 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 -0.22 N/A N/A N/A -0.34 N/A Norwich -0.10 N/A -0.05 N/A 0.05 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 -0.05 N/A 0.05 N/A -0.25 N/A Chatham N/A 0.55 -0.07 N/A N/A 0.59 -0.62 N/A Brigden N/A 0.55 -0.07 N/A N/A 0.59 -0.62 N/A Palmerston N/A 0.73 -0.08 -0.26 N/A 0.50 -0.32 -0.20 Varna 0.00 0.70 0.00 N/A 0.20 0.80 -0.25 N/A Mitchell -0.10 0.70 -0.05 N/A 0.05 0.75 -0.25 N/A Thornton N/A N/A N/A -0.37 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 0.18 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 -0.45 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 0.79 0.38N/A 0.20 1.11 0.40N/A Toledo El. 6.59US 6.67CA 6.89US 6.98CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.01 0.81 -0.21 0.16 CAD $/bu 6.91 7.72 6.71 8.15 CAD $/tonne 253.95 283.75 246.50 299.40 (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 302.00 Bayport Barley 285.00 FOB Hm Soymeal 379.42 - 381.63 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00