FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0135 up 0.0045 Chicago corn closed slightly lower to steady. MAR12 HI 6.61 3/4 DEC12 HI 5.90 1/2 LOW 6.53 1/2 LOW 5.84 3/4 CLOSE6.58 1/2 Unchanged CLOSE 5.89 3/4 Down 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 -0.30 6.29 247.43 -0.55 5.35 210.52 CK High -0.30 6.29 247.43 -0.50 5.40 212.49 CK Avg -0.30 -0.40 6.29 247.43 -0.52 -0.61 5.38 211.83 Essex Cty -0.30 6.29 247.43 -0.55 5.35 210.52 Mdsx Low -0.30 6.29 247.43 -0.55 5.35 210.52 Mdsx High -0.30 6.29 247.43 -0.50 5.40 212.49 Mdsx Avg -0.30 -0.40 6.29 247.43 -0.53 -0.62 5.37 211.51 Hensall -0.30 6.29 247.43 -0.50 5.40 212.49 Bruce -0.30 6.29 247.43 -0.50 5.40 212.49 Putnam -0.30 6.29 247.43 -0.50 5.40 212.49 Burford -0.30 6.29 247.43 -0.55 5.35 210.52 Port Perry -0.35 6.24 245.46 -0.60 5.30 208.55 Norfolk -0.30 6.29 247.43 -0.55 5.35 210.52 Palmerston -0.25 6.34 249.40 -0.45 5.45 214.46 Varna -0.30 6.29 247.43 -0.45 5.45 214.46 Trenton -0.05 6.54 257.27 -0.45 5.45 214.46 Winchester -0.05 6.54 257.27 -0.45 5.45 214.46 North Gower 0.02 6.61 260.03 -0.11 5.79 227.84 Huron FOB -0.15 6.44 253.33 -0.40 5.50 216.43 Kent FOB -0.30 6.29 247.43 -0.55 5.35 210.52 Lamb FOB -0.30 6.29 247.43 -0.55 5.35 210.52 Mdsx FOB -0.30 -0.25 -0.25 -0.20 6.29 247.43 -0.55 5.35 210.52 FOB SW Que 0.15 6.74 265.15 -0.15 5.75 226.27 Track 0.15 6.74 265.15N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.45 5.45 214.46 Jhnstwn-Eth 0.35 0.35 0.35 0.40 6.94 273.02 -0.30 5.60 220.36 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* 5.60 220.36 London-Cas 0.05 0.05 0.05 0.15 6.64 261.21 -0.35 5.55 218.40 Pt.Colb-Cas 0.20 0.25 0.25 0.30 6.79 267.11 -0.30 5.60 220.36 Cardnl-Cas 0.25 0.30 0.25 0.30 6.84 269.08 -0.30 5.60 220.36 W O Feed 0.23 0.22 6.82 268.45 US Rep 0.55 0.54 7.14 280.89 Toledo El. -0.06 6.52 256.84 -0.44 5.46 214.97 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.00 6.59259 1/4 -0.30 5.60220 3/8 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 1.0135 up 0.0045 Chicago soybeans closed slightly higher. MAR12 HI 12.35 3/4 NOV12 HI 12.24 1/2 LOW 12.20 1/2 LOW 12.12 1/2 CLOSE12.30 Up 2 1/2 CLOSE 12.19 1/4 Up 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.65 11.65 428.06-0.85 11.34 416.77 CK High -0.60 11.70 429.90-0.75 11.44 420.44 CK Average -0.63 -0.8111.67 428.80-0.81-1.0011.39 418.42 Essex Cty -0.51 11.79 433.21-0.66 11.53 423.75 Mdsx Low -0.60 11.70 429.90-0.80 11.39 418.60 Mdsx High -0.59 11.71 430.27-0.79 11.40 418.97 Mdsx Average -0.60 -0.7711.71 430.09-0.80-0.9911.40 418.79 Hensall -0.58 11.73 430.82-0.80 11.39 418.60 Bruce -0.65 11.65 428.06-0.80 11.39 418.60 Putnam -0.60 11.70 429.90-0.80 11.39 418.60 Burford -0.59 11.71 430.27-0.79 11.40 418.97 Port Perry -0.62 11.68 429.17-0.82 11.37 417.87 Norfolk -0.65 11.65 428.06-0.80 11.39 418.60 Palmerston -0.65 11.65 428.06-0.75 11.44 420.44 Varna -0.70 11.60 426.23-0.75 11.44 420.44 Trenton -0.75 11.55 424.39-0.75 11.44 420.44 Winchester -0.84 11.46 421.08-0.69 11.50 422.64 North Gower -0.51 11.79 433.21-0.65 11.54 424.11 Huron FOB -0.40 11.90 437.25-0.70 11.49 422.28 Kent FOB -0.60 11.70 429.90-0.85 11.34 416.77 Lambton FOB -0.60 11.70 429.90-0.65 11.54 424.11 Middlesex FOB-0.40-0.38-0.36-0.34 11.90 437.25-0.63 11.56 424.85 PROCESSORS Hamilton -0.05-0.20-0.20-0.30 12.25 450.11-0.30 11.89 436.97 Windsor -0.28-0.22-0.22-0.31 12.02 441.66-0.44 11.75 431.83 Winchester -0.79 11.51 422.92-0.64 11.55 424.48 TRANSFER Hamilton -0.55 N/A N/A N/A 11.75 431.74-0.30 11.89 436.97 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 12.15 446.440.05 12.24 449.83 Toledo El. -0.27 12.03 441.88-0.59 11.60 426.34 Bank of Canada Noon exchange rate was 1.0135 up 0.0045 Chicago wheat closed slightly lower. MAR12 HI 6.63 JUL12 HI 6.98 LOW 6.45 1/4 LOW 6.79 1/4 CLOSE 6.50 Down 7 CLOSE 6.84 Down 7 3/4 Minni wheat closed slightly lower. MAR12 HI 8.47 SEP12 HI 8.07 1/4 LOW 8.34 1/4 LOW 7.96 1/2 CLOSE 8.39 Down 5 1/4 CLOSE 7.98 1/2 Down 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.11 0.75 0.15 -0.28 CAD $/bu 6.39 7.25 6.65 8.11 CAD $/tonne 234.87 266.56 244.19 297.87 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 -0.10 N/A N/A 0.60 -0.35 N/A London -0.20 0.51 -0.10 N/A N/A 0.46 -0.30 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 -0.15 N/A N/A N/A -0.33 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 -0.31 N/A Brigden N/A 0.55 -0.07 N/A N/A 0.59 -0.31 N/A Palmerston N/A 0.73 -0.08 -0.26 N/A 0.50 -0.32 -0.20 Varna 0.00 0.65 0.00 N/A 0.10 0.65 -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 0.81 0.40N/A 0.21 1.13 0.41N/A Toledo El. 6.52US 6.62CA 6.81US 6.92CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.01 0.82 -0.20 0.18 CAD $/bu 6.85 7.66 6.64 8.16 CAD $/tonne 251.63 281.50 244.16 299.98 (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 380.97 - 383.17 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00