FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 11 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0192 up 0.0028 Chicago corn closed slightly lower. MAR12 HI 6.55 1/2 DEC12 HI 5.88 3/4 LOW 6.46 LOW 5.80 1/4 CLOSE6.51 1/2 Down 1/2 CLOSE 5.82 1/2 Down 4 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 6.17 242.71 -0.55 5.28 207.67 CK High -0.30 6.22 244.67 -0.54 5.29 208.06 CK Avg -0.33 -0.46 6.19 243.69 -0.55 -0.68 5.28 207.73 Essex Cty -0.35 6.17 242.71 -0.60 5.23 205.70 Mdsx Low -0.35 6.17 242.71 -0.55 5.28 207.67 Mdsx High -0.30 6.22 244.67 -0.50 5.33 209.64 Mdsx Avg -0.33 -0.46 6.19 243.69 -0.53 -0.66 5.30 208.65 Hensall -0.33 6.19 243.69 -0.50 5.33 209.64 Bruce -0.35 6.17 242.71 -0.50 5.33 209.64 Putnam -0.35 6.17 242.71 -0.55 5.28 207.67 Burford -0.30 6.22 244.67 -0.55 5.28 207.67 Port Perry -0.30 6.22 244.67 -0.55 5.28 207.67 Norfolk -0.30 6.22 244.67 -0.54 5.29 208.06 Palmerston -0.30 6.22 244.67 -0.50 5.33 209.64 Varna -0.30 6.22 244.67 -0.50 5.33 209.64 Trenton 0.00 6.52 256.48 -0.45 5.38 211.60 Winchester -0.05 6.47 254.52 -0.45 5.38 211.60 North Gower -0.43 6.09 239.56 -0.24 5.59 219.87 Huron FOB -0.20 6.32 248.61 -0.50 5.33 209.64 Kent FOB -0.30 6.22 244.67 -0.54 5.29 208.06 Lamb FOB -0.30 6.22 244.67 -0.54 5.29 208.06 Mdsx FOB -0.30 -0.25 -0.25 -0.20 6.22 244.67 -0.55 5.28 207.67 FOB SW Que 0.15 6.67 262.39 -0.25 5.58 219.48 Track 0.05 6.57 258.45N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.28 207.67 Jhnstwn-Eth 0.35 0.35 0.35 0.40 6.87 270.26 -0.40 5.43 213.57 Aylmer-Eth N/A -0.10 -0.10 0.00 N/A Sarn-Eth 0.00 0.05 0.00 0.05 6.52 256.48N/A Cllngwd-Eth 0.10N/A N/A N/A 6.62 260.42-0.30* 5.53 217.51 London-Cas 0.05 0.05 0.05 0.15 6.57 258.45 -0.35 5.48 215.54 Pt.Colb-Cas 0.15 0.20 0.25 0.30 6.67 262.39 -0.30 5.53 217.51 Cardnl-Cas 0.25 0.30 0.25 0.30 6.77 266.33 -0.30 5.53 217.51 W O Feed 0.21 0.19 6.73 264.75 US Rep 0.60 0.58 7.12 280.11 Toledo El. -0.06 6.45 254.07 -0.44 5.39 212.00 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.08 6.60259 5/8 -0.25 5.58219 1/2 MID SD CRN -0.32 1/2 6.19 HI SD CRN -0.30 6.21 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0192 up 0.0028 Chicago soybeans closed moderately lower to lower. MAR12 HI 12.32 NOV12 HI 12.22 LOW 12.00 1/2 LOW 12.01 3/4 CLOSE12.03 Down 29 CLOSE 12.04 1/2 Down 18 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.55 11.48 421.82-0.77 11.28 414.29 CK High -0.50 11.53 423.65-0.75 11.30 415.02 CK Average -0.53 -0.7811.50 422.49-0.76-1.0311.29 414.84 Essex Cty -0.41 11.62 426.96-0.58 11.47 421.27 Mdsx Low -0.50 11.53 423.65-0.75 11.30 415.02 Mdsx High -0.49 11.54 424.02-0.73 11.32 415.76 Mdsx Average -0.50 -0.7411.54 423.84-0.74-1.0211.31 415.39 Hensall -0.53 11.51 422.74-0.73 11.32 415.94 Bruce -0.55 11.48 421.82-0.75 11.30 415.02 Putnam -0.50 11.53 423.65-0.70 11.35 416.86 Burford -0.49 11.54 424.02-0.73 11.32 415.76 Port Perry -0.52 11.51 422.92-0.76 11.29 414.65 Norfolk -0.45 11.58 425.49-0.70 11.35 416.86 Palmerston -0.55 11.48 421.82-0.75 11.30 415.02 Varna -0.60 11.43 419.98-0.80 11.25 413.18 Trenton -0.66 11.37 417.78-0.80 11.25 413.18 Winchester -0.66 11.37 417.78-0.61 11.44 420.16 North Gower -0.08 11.95 439.09-0.33 11.72 430.45 Huron FOB -0.40 11.63 427.33-0.70 11.35 416.86 Kent FOB -0.50 11.53 423.65-0.75 11.30 415.02 Lambton FOB -0.50 11.53 423.65-0.75 11.30 415.02 Middlesex FOB-0.35-0.35 N/A N/A 11.68 429.17-0.57 11.48 421.63 PROCESSORS Hamilton 0.00 -0.05-0.05-0.10 12.03 442.03-0.20 11.85 435.23 Windsor -0.18-0.14-0.14-0.23 11.85 435.41-0.36 11.69 429.35 Winchester -0.59 11.44 420.35-0.54 11.51 422.74 TRANSFER Hamilton -0.10 N/A N/A N/A 11.93 438.35-0.15 11.90 437.07 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 11.93 438.350.10 12.15 446.25 Toledo El. -0.28 11.75 431.90-0.59 11.45 420.78 Bank of Canada Noon exchange rate was 1.0192 up 0.0028 Chicago wheat closed slightly higher. MAR12 HI 6.44 JUL12 HI 6.81 LOW 6.32 1/4 LOW 6.68 1/2 CLOSE 6.41 Up 1 1/4 CLOSE 6.78 Up 2 1/2 Minni wheat closed mixed. MAR12 HI 8.29 3/4 SEP12 HI 7.94 1/2 LOW 8.10 LOW 7.83 1/4 CLOSE 8.16 1/2 Up 4 1/4 CLOSE 7.84 3/4 Down 3 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 0.80 0.23 -0.24 CAD $/bu 6.34 7.21 6.64 7.93 CAD $/tonne 232.88 264.76 244.13 291.20 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 0.63 0.00 N/A N/A 0.62 -0.25 N/A London -0.17 0.54 -0.07 N/A N/A 0.55 -0.27 N/A Hensall -0.10 N/A 0.05 N/A 0.05 N/A -0.20 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 -0.01 N/A N/A N/A -0.24 N/A Norwich -0.10 N/A 0.05 N/A 0.05 N/A -0.20 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 -0.20 N/A Chatham N/A 0.58 0.07 N/A N/A 0.62 -0.20 N/A Brigden N/A 0.58 0.07 N/A N/A 0.62 -0.20 N/A Palmerston N/A 0.89 0.07 -0.41 N/A 0.61 -0.22 -0.45 Varna 0.05 0.70 0.05 N/A 0.15 0.70 -0.20 N/A Mitchell -0.10 0.70 0.05 N/A 0.05 0.75 -0.20 N/A Thornton N/A N/A N/A -0.23 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 0.31 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 -0.25 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 0.54N/A 0.26 1.18 0.57N/A Toledo El. 6.48US 6.61CA 6.80US 6.96CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.05 0.87 -0.15 0.23 CAD $/bu 6.83 7.65 6.63 8.08 CAD $/tonne 251.10 281.17 243.58 296.86 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 302.00 Bayport Oats 297.00 Bayport Barley 285.00 FOB Hm Soymeal 372.37 - 376.78 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00