FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 9 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0272 up 0.0040 Chicago corn closed moderately higher. MAR12 HI 6.63 DEC12 HI 5.89 LOW 6.42 3/4 LOW 5.75 CLOSE6.52 Up 8 1/2 CLOSE 5.83 1/2 Up 8 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 6.17 242.90 -0.55 5.29 208.06 CK High -0.27 6.25 246.05 -0.50 5.34 210.03 CK Avg -0.30 -0.47 6.22 244.74 -0.53 -0.69 5.31 209.05 Essex Cty -0.30 6.22 244.87 -0.60 5.24 206.09 Mdsx Low -0.30 6.22 244.87 -0.55 5.29 208.06 Mdsx High -0.30 6.22 244.87 -0.50 5.34 210.03 Mdsx Avg -0.30 -0.47 6.22 244.87 -0.53 -0.69 5.31 209.05 Hensall -0.30 6.22 244.87 -0.50 5.34 210.03 Bruce -0.30 6.22 244.87 -0.50 5.34 210.03 Putnam -0.30 6.22 244.87 -0.55 5.29 208.06 Burford -0.30 6.22 244.87 -0.55 5.29 208.06 Port Perry -0.30 6.22 244.87 -0.55 5.29 208.06 Norfolk -0.27 6.25 246.05 -0.50 5.34 210.03 Palmerston -0.30 6.22 244.87 -0.50 5.34 210.03 Varna -0.30 6.22 244.87 -0.45 5.39 212.00 Trenton 0.00 6.52 256.68 -0.45 5.39 212.00 Winchester -0.05 6.47 254.71 -0.45 5.39 212.00 North Gower -0.19 6.33 249.20 -0.14 5.70 224.20 Huron FOB -0.15 6.37 250.78 -0.40 5.44 213.97 Kent FOB -0.27 6.25 246.05 -0.50 5.34 210.03 Lamb FOB -0.27 6.25 246.05 -0.50 5.34 210.03 Mdsx FOB -0.30 -0.25 -0.25 -0.20 6.22 244.87 -0.55 5.29 208.06 FOB SW Que 0.22 6.74 265.34 -0.12 5.72 224.99 Track 0.10 6.62 260.62N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.29 208.06 Jhnstwn-Eth 0.35 0.35 0.35 0.40 6.87 270.46 -0.40 5.44 213.97 Aylmer-Eth -0.10 0.00 0.00 0.05 6.42 252.74 N/A Sarn-Eth 0.00 0.05 0.00 0.05 6.52 256.68N/A Cllngwd-Eth 0.20N/A N/A N/A 6.72 264.55-0.30* 5.54 217.90 London-Cas 0.05 0.05 0.05 0.15 6.57 258.65 -0.35 5.49 215.93 Pt.Colb-Cas 0.25 0.30 0.25 0.30 6.77 266.52 -0.30 5.54 217.90 Cardnl-Cas 0.25 0.30 0.25 0.30 6.77 266.52 -0.30 5.54 217.90 W O Feed 0.23 0.20 6.75 265.74 US Rep 0.55 0.52 7.07 278.33 Toledo El. -0.06 6.46 254.26 -0.44 5.39 212.30 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.13 6.65261 4/5 -0.21 5.63221 4/9 MID SD CRN -0.31 6.21 HI SD CRN -0.27 6.25 *Wet Bid Bank of Canada Noon exchange rate was 1.0272 up 0.0040 Chicago soybeans closed higher. MAR12 HI 12.35 NOV12 HI 12.23 1/4 LOW 11.94 1/2 LOW 11.89 3/4 CLOSE12.33 Up 36 1/2 CLOSE 12.21 3/4 Up 30 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.50 11.83 434.68-0.71 11.51 422.83 CK High -0.42 11.91 437.62-0.62 11.60 426.14 CK Average -0.46 -0.7811.87 436.09-0.67-1.0211.55 424.36 Essex Cty -0.32 12.01 441.29-0.53 11.69 429.44 Mdsx Low -0.49 11.84 435.05-0.66 11.56 424.67 Mdsx High -0.40 11.93 438.35-0.60 11.62 426.87 Mdsx Average -0.45 -0.7611.89 436.70-0.63-0.9811.59 425.77 Hensall -0.48 11.86 435.60-0.68 11.54 424.11 Bruce -0.45 11.88 436.52-0.65 11.57 425.03 Putnam -0.40 11.93 438.35-0.60 11.62 426.87 Burford -0.49 11.84 435.05-0.66 11.56 424.67 Port Perry -0.52 11.81 433.94-0.69 11.53 423.56 Norfolk -0.37 11.96 439.45-0.63 11.59 425.77 Palmerston -0.55 11.78 432.84-0.75 11.47 421.36 Varna -0.70 11.63 427.33-0.75 11.47 421.36 Trenton -0.55 11.78 432.84-0.70 11.52 423.20 Winchester -0.58 11.75 431.74-0.53 11.69 429.44 North Gower 0.09 12.42 456.36-0.55 11.67 428.71 Huron FOB -0.40 11.93 438.35-0.65 11.57 425.03 Kent FOB -0.42 11.91 437.62-0.68 11.54 423.93 Lambton FOB -0.42 11.91 437.62-0.68 11.54 423.93 Middlesex FOB-0.29-0.27 N/A N/A 12.04 442.39-0.50 11.72 430.54 PROCESSORS Hamilton 0.10 -0.10-0.10-0.05 12.43 456.72-0.15 12.07 443.40 Windsor -0.09-0.08-0.08-0.17 12.24 449.74-0.30 11.92 437.89 Winchester -0.61 11.72 430.64-0.46 11.76 432.01 TRANSFER Hamilton 0.00 N/A N/A N/A 12.33 453.05-0.05 12.17 447.08 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.00 12.33 453.050.22 12.44 457.00 Toledo El. -0.28 12.05 442.87-0.60 11.62 427.00 Bank of Canada Noon exchange rate was 1.0272 up 0.0040 Chicago wheat closed moderately higher. MAR12 HI 6.45 JUL12 HI 6.78 1/2 LOW 6.25 LOW 6.61 1/2 CLOSE 6.41 3/4 Up 17 CLOSE 6.76 3/4 Up 16 1/2 Minni wheat closed slightly to moderately higher. MAR12 HI 8.12 SEP12 HI 7.88 1/4 LOW 7.92 1/2 LOW 7.68 CLOSE 8.09 3/4 Up 8 3/4 CLOSE 7.87 Up 13 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.04 0.83 0.27 -0.20 CAD $/bu 6.38 7.25 6.69 7.90 CAD $/tonne 234.36 266.40 245.67 290.15 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 0.65 0.00 N/A N/A 0.65 -0.25 N/A London -0.13 0.59 -0.03 N/A N/A 0.54 -0.23 N/A Hensall -0.10 N/A 0.00 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 0.00 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 0.00 N/A 0.05 N/A -0.25 N/A Chatham N/A 0.63 0.02 N/A N/A 0.67 -0.22 N/A Brigden N/A 0.63 0.02 N/A N/A 0.67 -0.22 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 0.00 N/A 0.05 0.75 -0.25 N/A Thornton N/A N/A N/A -0.04 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 0.33 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.70 N/A N/A N/A 0.00 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 N/A 0.58N/A 0.30 1.22 0.60N/A Toledo El. 6.49US 6.66CA 6.79US 6.98CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.09 0.91 -0.12 0.28 CAD $/bu 6.86 7.68 6.65 8.15 CAD $/tonne 251.99 282.23 244.44 299.33 (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 386.37 - 391.88 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00