FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 6 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0232 up 0.0035 Chicago corn closed slightly lower to steady. MAR12 HI 6.49 1/2 DEC12 HI 5.83 LOW 6.40 1/4 LOW 5.75 CLOSE6.43 1/2 Unchanged CLOSE 5.75 1/4 Down 4 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 6.14 241.52 -0.55 5.20 204.81 CK High -0.25 6.19 243.49 -0.45 5.30 208.75 CK Avg -0.29 -0.47 6.14 241.85 -0.53 -0.70 5.23 205.80 Essex Cty -0.30 6.14 241.52 -0.60 5.15 202.84 Mdsx Low -0.30 6.14 241.52 -0.55 5.20 204.81 Mdsx High -0.30 6.14 241.52 -0.50 5.25 206.78 Mdsx Avg -0.30 -0.48 6.14 241.52 -0.53 -0.70 5.23 205.80 Hensall -0.30 6.14 241.52 -0.50 5.25 206.78 Bruce -0.30 6.14 241.52 -0.50 5.25 206.78 Putnam -0.30 6.14 241.52 -0.55 5.20 204.81 Burford -0.30 6.14 241.52 -0.55 5.20 204.81 Port Perry -0.35 6.09 239.56 -0.60 5.15 202.84 Norfolk -0.25 6.19 243.49 -0.50 5.25 206.78 Palmerston -0.30 6.14 241.52 -0.50 5.25 206.78 Varna -0.30 6.14 241.52 -0.45 5.30 208.75 Trenton -0.05 6.39 251.37 -0.45 5.30 208.75 Winchester -0.05 6.39 251.37 -0.45 5.30 208.75 North Gower -0.06 6.38 250.97 -0.42 5.33 209.93 Huron FOB -0.15 6.29 247.43 -0.40 5.35 210.72 Kent FOB -0.25 6.19 243.49 -0.50 5.25 206.78 Lamb FOB -0.25 6.19 243.49 -0.50 5.25 206.78 Mdsx FOB -0.30 -0.25 -0.25 -0.20 6.14 241.52 -0.55 5.20 204.81 FOB SW Que 0.05 6.49 255.30 -0.15 5.60 220.56 Track 0.10 6.54 257.27N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.20 204.81 Jhnstwn-Eth 0.35 0.35 0.35 0.40 6.79 267.11 -0.40 5.35 210.72 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* 5.45 214.66 London-Cas 0.05 0.05 0.05 0.15 6.49 255.30 -0.35 5.40 212.69 Pt.Colb-Cas 0.20 0.25 0.25 0.30 6.64 261.21 -0.30 5.45 214.66 Cardnl-Cas 0.25 0.30 0.25 0.30 6.69 263.18 -0.30 5.45 214.66 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 6.37 250.91 -0.44 5.31 209.03 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.05 6.49255 1/3 -0.25 5.50216 5/8 MID SD CRN -0.27 1/2 6.161 HI SD CRN -0.25 6.18 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0232 up 0.0035 Chicago soybeans closed moderately lower. MAR12 HI 12.19 3/4 NOV12 HI 12.13 LOW 11.93 1/2 LOW 11.88 1/2 CLOSE11.96 1/2 Down 12 1/2 CLOSE 11.91 1/4 Down 12 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.55 11.42 419.43-0.75 11.16 410.15 CK High -0.46 11.51 422.74-0.67 11.24 413.09 CK Average -0.52 -0.8611.45 420.65-0.72-1.0811.19 411.25 Essex Cty -0.31 11.66 428.25-0.53 11.38 418.24 Mdsx Low -0.53 11.44 420.16-0.71 11.20 411.62 Mdsx High -0.50 11.47 421.27-0.70 11.21 411.99 Mdsx Average -0.52 -0.8611.45 420.72-0.71-1.0611.21 411.81 Hensall -0.53 11.44 420.35-0.73 11.19 411.07 Bruce -0.55 11.42 419.43-0.75 11.16 410.15 Putnam -0.50 11.47 421.27-0.70 11.21 411.99 Burford -0.53 11.44 420.16-0.71 11.20 411.62 Port Perry -0.56 11.41 419.06-0.74 11.17 410.52 Norfolk -0.41 11.56 424.57-0.65 11.26 413.83 Palmerston -0.65 11.32 415.76-0.75 11.16 410.15 Varna -0.70 11.27 413.92-0.75 11.16 410.15 Trenton -0.61 11.36 417.22-0.70 11.21 411.99 Winchester -0.71 11.26 413.55-0.56 11.35 417.13 North Gower -0.56 11.41 419.06-0.55 11.36 417.50 Huron FOB -0.40 11.57 424.94-0.65 11.26 413.83 Kent FOB -0.46 11.51 422.74-0.70 11.21 411.99 Lambton FOB -0.46 11.51 422.74-0.70 11.21 411.99 Middlesex FOB-0.33-0.31 N/A N/A 11.64 427.51-0.55 11.36 417.50 PROCESSORS Hamilton 0.05 -0.10-0.10-0.05 12.02 441.48-0.20 11.71 430.36 Windsor -0.09-0.08-0.07-0.17 11.88 436.33-0.30 11.61 426.69 Winchester -0.74 11.23 412.45-0.59 11.32 416.03 TRANSFER Hamilton -0.40 N/A N/A N/A 11.57 424.94-0.15 11.76 432.20 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 11.97 439.640.20 12.11 445.06 Toledo El. -0.28 11.69 429.44-0.60 11.31 415.75 Bank of Canada Noon exchange rate was 1.0232 up 0.0035 Chicago wheat closed slightly lower. MAR12 HI 6.36 3/4 JUL12 HI 6.71 3/4 LOW 6.24 1/2 LOW 6.59 1/4 CLOSE 6.24 3/4 Down 4 1/2 CLOSE 6.60 1/4 Down 4 1/2 Minni wheat closed slightly to moderately lower. MAR12 HI 8.18 1/2 SEP12 HI 7.79 1/4 LOW 7.98 LOW 7.65 CLOSE 8.01 Down 17 1/2 CLOSE 7.74 Down 2 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.03 0.85 0.28 -0.18 CAD $/bu 6.22 7.09 6.53 7.83 CAD $/tonne 228.54 260.66 239.88 287.59 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 0.60 0.00 N/A N/A 0.60 -0.25 N/A London -0.16 0.56 -0.06 N/A N/A 0.51 -0.25 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 -0.03 N/A N/A N/A -0.21 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 0.61 0.00 N/A N/A 0.65 -0.24 N/A Brigden N/A 0.61 0.00 N/A N/A 0.65 -0.24 N/A Palmerston N/A 0.86 0.04 -0.16 N/A 0.58 -0.25 -0.11 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 -0.18 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 0.42 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 0.90 0.49N/A 0.30 1.23 0.51N/A Toledo El. 6.32US 6.50CA 6.62US 6.82CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.10 0.92 -0.11 0.29 CAD $/bu 6.70 7.52 6.49 8.03 CAD $/tonne 246.14 276.42 238.57 294.87 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 Bayport Oats 297.00 Bayport Barley 285.00 FOB Hm Soymeal 373.03 - 374.13 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00