FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 10 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0164 down 0.0108 Chicago corn closed mixed. MAR12 HI 6.57 1/2 DEC12 HI 5.88 1/4 LOW 6.48 LOW 5.80 1/2 CLOSE6.52 Unchanged CLOSE 5.86 1/2 Up 3 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR12+MAY12+MAY12 CK Low -0.35 6.17 242.90 -0.55 5.32 209.24 CK High -0.30 6.22 244.87 -0.55 5.32 209.24 CK Avg -0.33 -0.44 6.20 243.89 -0.55 -0.66 5.32 209.24 Essex Cty -0.35 6.17 242.90 -0.60 5.27 207.27 Mdsx Low -0.35 6.17 242.90 -0.55 5.32 209.24 Mdsx High -0.30 6.22 244.87 -0.50 5.37 211.21 Mdsx Avg -0.33 -0.44 6.20 243.89 -0.53 -0.64 5.34 210.23 Hensall -0.33 6.20 243.89 -0.50 5.37 211.21 Bruce -0.35 6.17 242.90 -0.50 5.37 211.21 Putnam -0.35 6.17 242.90 -0.55 5.32 209.24 Burford -0.30 6.22 244.87 -0.55 5.32 209.24 Port Perry -0.30 6.22 244.87 -0.55 5.32 209.24 Norfolk -0.30 6.22 244.87 -0.55 5.32 209.24 Palmerston -0.30 6.22 244.87 -0.50 5.37 211.21 Varna -0.30 6.22 244.87 -0.50 5.37 211.21 Trenton 0.00 6.52 256.68 -0.45 5.42 213.18 Winchester -0.05 6.47 254.71 -0.45 5.42 213.18 North Gower -0.43 6.09 239.75 -0.28 5.59 219.87 Huron FOB -0.20 6.32 248.81 -0.50 5.37 211.21 Kent FOB -0.30 6.22 244.87 -0.50 5.37 211.21 Lamb FOB -0.30 6.22 244.87 -0.50 5.37 211.21 Mdsx FOB -0.30 -0.25 -0.25 -0.20 6.22 244.87 -0.55 5.32 209.24 FOB SW Que 0.15 6.67 262.59 -0.25 5.62 221.05 Track 0.05 6.57 258.65N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.32 209.24 Jhnstwn-Eth 0.35 0.35 0.35 0.40 6.87 270.46 -0.40 5.47 215.15 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* 5.57 219.08 London-Cas 0.05 0.05 0.05 0.15 6.57 258.65 -0.35 5.52 217.12 Pt.Colb-Cas 0.20 0.25 0.25 0.30 6.72 264.55 -0.30 5.57 219.08 Cardnl-Cas 0.25 0.30 0.25 0.30 6.77 266.52 -0.30 5.57 219.08 W O Feed 0.23 0.21 6.75 265.74 US Rep 0.60 0.58 7.12 280.30 Toledo El. -0.06 6.46 254.28 -0.44 5.43 213.64 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.13 6.65261 4/5 -0.21 5.66222 5/8 MID SD CRN -0.32 1/2 6.19 1/2 HI SD CRN -0.30 6.22 *Wet Bid Bank of Canada Noon exchange rate was 1.0164 down 0.0108 Chicago soybeans closed narrowly mixed. MAR12 HI 12.37 NOV12 HI 12.24 LOW 12.20 1/2 LOW 12.10 CLOSE12.32 Down 1 CLOSE 12.22 1/2 Up 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 11.77 432.47-0.80 11.43 419.80 CK High -0.50 11.82 434.31-0.70 11.53 423.47 CK Average -0.54 -0.7611.78 432.96-0.75-0.9811.48 421.63 Essex Cty -0.42 11.90 437.25-0.62 11.61 426.41 Mdsx Low -0.53 11.79 433.21-0.76 11.47 421.27 Mdsx High -0.50 11.82 434.31-0.70 11.53 423.47 Mdsx Average -0.52 -0.7411.81 433.76-0.73-0.9611.50 422.37 Hensall -0.55 11.77 432.47-0.75 11.48 421.63 Bruce -0.55 11.77 432.47-0.75 11.48 421.63 Putnam -0.50 11.82 434.31-0.70 11.53 423.47 Burford -0.53 11.79 433.21-0.76 11.47 421.27 Port Perry -0.56 11.76 432.11-0.79 11.44 420.16 Norfolk -0.48 11.84 435.05-0.73 11.50 422.37 Palmerston -0.55 11.77 432.47-0.75 11.48 421.63 Varna -0.55 11.77 432.47-0.75 11.48 421.63 Trenton -0.70 11.62 426.96-0.80 11.43 419.80 Winchester -0.69 11.63 427.33-0.64 11.59 425.68 North Gower -0.34 11.98 440.19-0.51 11.72 430.45 Huron FOB -0.45 11.87 436.15-0.75 11.48 421.63 Kent FOB -0.53 11.79 433.21-0.78 11.45 420.53 Lambton FOB -0.53 11.79 433.21-0.78 11.45 420.53 Middlesex FOB-0.40-0.37 N/A N/A 11.92 437.99-0.60 11.63 427.15 PROCESSORS Hamilton 0.00 -0.20-0.20-0.15 12.32 452.68-0.20 12.03 441.84 Windsor -0.19-0.19-0.19-0.27 12.13 445.70-0.40 11.83 434.49 Winchester -0.48 11.84 435.05-0.43 11.80 433.39 TRANSFER Hamilton 0.00 N/A N/A N/A 12.32 452.68-0.05 12.18 447.35 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 12.22 449.010.10 12.33 452.87 Toledo El. -0.27 12.05 442.58-0.59 11.63 427.47 Bank of Canada Noon exchange rate was 1.0164 down 0.0108 Chicago wheat closed slightly lower. MAR12 HI 6.44 3/4 JUL12 HI 6.79 1/2 LOW 6.34 1/4 LOW 6.68 3/4 CLOSE 6.39 3/4 Down 2 CLOSE 6.75 1/2 Down 1 1/4 Minni wheat closed slightly higher. MAR12 HI 8.17 SEP12 HI 7.90 LOW 8.05 3/4 LOW 7.81 1/4 CLOSE 8.12 1/4 Up 2 1/2 CLOSE 7.88 1/2 Up 1 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.09 0.78 0.22 -0.26 CAD $/bu 6.31 7.18 6.62 7.86 CAD $/tonne 231.89 263.70 243.12 288.95 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 0.05 N/A N/A 0.65 -0.25 N/A London -0.19 0.52 -0.09 N/A N/A 0.48 -0.28 N/A Hensall -0.10 N/A 0.00 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 -0.08 N/A N/A N/A -0.26 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 0.58 -0.03 N/A N/A 0.62 -0.28 N/A Brigden N/A 0.58 -0.03 N/A N/A 0.62 -0.28 N/A Palmerston N/A 0.89 0.07 -0.13 N/A 0.61 -0.22 -0.08 Varna 0.05 0.70 0.05 N/A 0.15 0.70 -0.20 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 -0.20 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 0.28 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 0.52N/A 0.23 1.15 0.54N/A Toledo El. 6.47US 6.59CA 6.78US 6.90CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.03 0.84 -0.18 0.20 CAD $/bu 6.78 7.60 6.58 8.09 CAD $/tonne 249.21 279.17 241.73 297.15 (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 385.26 - 388.57 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00