FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 5 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0197 up 0.0062 Chicago corn closed moderately lower to lower. MAR12 HI 6.59 3/4 DEC12 HI 5.89 3/4 LOW 6.39 1/2 LOW 5.76 3/4 CLOSE6.43 1/2 Down 15 CLOSE 5.79 1/2 Down 10 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 6.09 239.56 -0.55 5.25 206.49 CK High -0.27 6.17 242.71 -0.50 5.30 208.45 CK Avg -0.32 -0.45 6.12 240.74 -0.53 -0.66 5.26 207.14 Essex Cty -0.30 6.14 241.52 -0.55 5.25 206.49 Mdsx Low -0.30 6.14 241.52 -0.55 5.25 206.49 Mdsx High -0.30 6.14 241.52 -0.50 5.30 208.45 Mdsx Avg -0.30 -0.43 6.14 241.52 -0.53 -0.65 5.27 207.47 Hensall -0.30 6.14 241.52 -0.50 5.30 208.45 Bruce -0.30 6.14 241.52 -0.50 5.30 208.45 Putnam -0.35 6.09 239.56 -0.55 5.25 206.49 Burford -0.30 6.14 241.52 -0.55 5.25 206.49 Port Perry -0.35 6.09 239.56 -0.60 5.20 204.52 Norfolk -0.27 6.17 242.71 -0.50 5.30 208.45 Palmerston -0.30 6.14 241.52 -0.50 5.30 208.45 Varna -0.30 6.14 241.52 -0.45 5.35 210.42 Trenton -0.05 6.39 251.37 -0.45 5.35 210.42 Winchester -0.05 6.39 251.37 -0.45 5.35 210.42 North Gower -0.06 6.38 250.97 -0.44 5.36 210.82 Huron FOB -0.15 6.29 247.43 -0.40 5.40 212.39 Kent FOB -0.27 6.17 242.71 -0.50 5.30 208.45 Lamb FOB -0.27 6.17 242.71 -0.50 5.30 208.45 Mdsx FOB -0.30 -0.25 -0.25 -0.20 6.14 241.52 -0.55 5.25 206.49 FOB SW Que 0.15 6.59 259.24 -0.15 5.65 222.23 Track 0.08 6.51 256.29N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.25 206.49 Jhnstwn-Eth 0.35 0.35 0.35 0.40 6.79 267.11 -0.40 5.40 212.39 Aylmer-Eth -0.10 0.00 0.00 0.05 6.34 249.40 N/A Sarn-Eth 0.05 0.10 0.05N/A 6.49 255.30N/A Cllngwd-Eth 0.20N/A N/A N/A 6.64 261.21-0.30* 5.50 216.33 London-Cas 0.05 0.05 0.05 0.15 6.49 255.30 -0.35 5.45 214.36 Pt.Colb-Cas 0.20 0.25 0.25 0.30 6.64 261.21 -0.30 5.50 216.33 Cardnl-Cas 0.25 0.30 0.25 0.30 6.69 263.18 -0.30 5.50 216.33 W O Feed 0.22 0.20 6.66 262.15 US Rep 0.55 0.53 6.99 274.99 Toledo El. -0.06 6.37 250.92 -0.44 5.36 210.84 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.05 6.49255 1/3 -0.25 5.55218 2/7 MID SD CRN -0.31 6.12 1/2 HI SD CRN -0.27 6.16 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0197 up 0.0062 Chicago soybeans closed moderately lower. MAR12 HI 12.33 3/4 NOV12 HI 12.22 LOW 12.06 3/4 LOW 12.01 1/4 CLOSE12.09 Down 21 CLOSE 12.04 Down 15 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.60 11.49 422.19-0.81 11.23 412.63 CK High -0.52 11.57 425.12-0.70 11.34 416.67 CK Average -0.56 -0.8111.53 423.78-0.76-1.0211.29 414.65 Essex Cty -0.39 11.70 429.90-0.60 11.44 420.35 Mdsx Low -0.58 11.51 422.92-0.77 11.27 414.10 Mdsx High -0.50 11.59 425.86-0.70 11.34 416.67 Mdsx Average -0.54 -0.7911.55 424.39-0.74-1.0011.31 415.39 Hensall -0.53 11.57 424.94-0.73 11.32 415.76 Bruce -0.55 11.54 424.02-0.75 11.29 414.84 Putnam -0.50 11.59 425.86-0.70 11.34 416.67 Burford -0.58 11.51 422.92-0.77 11.27 414.10 Port Perry -0.61 11.48 421.82-0.80 11.24 413.00 Norfolk -0.47 11.62 426.96-0.72 11.32 415.94 Palmerston -0.65 11.44 420.35-0.75 11.29 414.84 Varna -0.70 11.39 418.51-0.75 11.29 414.84 Trenton -0.66 11.43 419.98-0.70 11.34 416.67 Winchester -0.76 11.33 416.31-0.61 11.43 419.98 North Gower -0.69 11.40 418.88-0.68 11.36 417.41 Huron FOB -0.40 11.69 429.53-0.65 11.39 418.51 Kent FOB -0.52 11.57 425.12-0.77 11.27 414.10 Lambton FOB -0.52 11.57 425.12-0.77 11.27 414.10 Middlesex FOB-0.39-0.35 N/A N/A 11.70 429.90-0.61 11.43 419.98 PROCESSORS Hamilton 0.00 -0.15-0.15-0.10 12.09 444.23-0.25 11.79 433.21 Windsor -0.16-0.15-0.15-0.24 11.93 438.35-0.37 11.67 428.80 Winchester -0.74 11.35 417.04-0.59 11.45 420.72 TRANSFER Hamilton -0.40 N/A N/A N/A 11.69 429.53-0.15 11.89 436.88 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 11.94 438.720.05 12.09 444.23 Toledo El. -0.28 11.81 434.10-0.59 11.45 420.61 Bank of Canada Noon exchange rate was 1.0197 up 0.0062 Chicago wheat closed moderately lower to lower. MAR12 HI 6.50 1/4 JUL12 HI 6.84 LOW 6.26 1/2 LOW 6.62 CLOSE 6.29 1/4 Down 20 3/4 CLOSE 6.64 3/4 Down 19 1/4 Minni wheat closed lower. MAR12 HI 8.38 SEP12 HI 7.99 3/4 LOW 8.11 1/2 LOW 7.72 3/4 CLOSE 8.18 1/2 Down 20 1/2 CLOSE 7.76 3/4 Down 21 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.07 0.79 0.18 -0.24 CAD $/bu 6.22 7.09 6.47 7.95 CAD $/tonne 228.52 260.41 237.90 292.01 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 -0.19 0.52 -0.09 N/A N/A 0.48 -0.28 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 -0.07 N/A N/A N/A -0.25 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 0.59 -0.02 N/A N/A 0.63 -0.26 N/A Brigden N/A 0.59 -0.02 N/A N/A 0.63 -0.26 N/A Palmerston N/A 0.79 -0.02 -0.24 N/A 0.51 -0.31 -0.18 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 -0.35 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 0.36 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.40 N/A N/A N/A -0.40 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 0.85 0.44N/A 0.25 1.17 0.45N/A Toledo El. 6.36US 6.49CA 6.62US 6.76CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.04 0.86 -0.16 0.22 CAD $/bu 6.69 7.51 6.49 7.99 CAD $/tonne 245.87 275.91 238.36 293.56 (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 297.00 Bayport Barley 285.00 FOB Hm Soymeal 373.91 - 375.01 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00