FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0198 up 0.0006 Chicago corn closed lower to limit down. MAR12 HI 6.59 1/2 DEC12 HI 5.88 LOW 6.11 1/2 LOW 5.53 CLOSE6.11 1/2 Down 40 CLOSE 5.61 Down 21 1/2 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 5.77 226.96 -0.55 5.06 199.20 CK High -0.30 5.82 228.93 -0.54 5.07 199.60 CK Avg -0.33 -0.45 5.79 227.94 -0.55 -0.68 5.06 199.27 Essex Cty -0.30 5.82 228.93 -0.60 5.01 197.23 Mdsx Low -0.30 5.82 228.93 -0.55 5.06 199.20 Mdsx High -0.30 5.82 228.93 -0.50 5.11 201.17 Mdsx Avg -0.30 -0.43 5.82 228.93 -0.53 -0.65 5.09 200.19 Hensall -0.30 5.82 228.93 -0.50 5.11 201.17 Bruce -0.30 5.82 228.93 -0.50 5.11 201.17 Putnam -0.35 5.77 226.96 -0.55 5.06 199.20 Burford -0.30 5.82 228.93 -0.55 5.06 199.20 Port Perry -0.30 5.82 228.93 -0.55 5.06 199.20 Norfolk -0.30 5.82 228.93 -0.54 5.07 199.60 Palmerston -0.30 5.82 228.93 -0.50 5.11 201.17 Varna -0.30 5.82 228.93 -0.50 5.11 201.17 Trenton 0.00 6.12 240.74 -0.45 5.16 203.14 Winchester -0.05 6.07 238.77 -0.45 5.16 203.14 North Gower -0.02 6.10 239.95 -0.02 5.59 220.07 Huron FOB -0.20 5.92 232.86 -0.50 5.11 201.17 Kent FOB -0.30 5.82 228.93 -0.54 5.07 199.60 Lamb FOB -0.30 5.82 228.93 -0.54 5.07 199.60 Mdsx FOB -0.30 -0.25 -0.25 -0.20 5.82 228.93 -0.55 5.06 199.20 FOB SW Que 0.15 6.27 246.64 -0.25 5.36 211.01 Track 0.05 6.17 242.71N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.06 199.20 Jhnstwn-Eth 0.20 0.20 0.20 0.25 6.32 248.61 -0.40 5.21 205.11 Aylmer-Eth N/A -0.10 -0.10 0.00 N/A Sarn-Eth 0.00 0.05 0.00 0.05 6.12 240.74N/A Cllngwd-Eth 0.10N/A N/A N/A 6.22 244.67-0.30* 5.31 209.05 London-Cas 0.05 0.05 0.05 0.15 6.17 242.71 -0.35 5.26 207.08 Pt.Colb-Cas 0.15 0.20 0.25 0.30 6.27 246.64 -0.30 5.31 209.05 Cardnl-Cas 0.25 0.30 0.25 0.30 6.37 250.58 -0.30 5.31 209.05 W O Feed 0.21 0.19 6.33 249.00 US Rep 0.60 0.58 6.72 264.36 Toledo El. -0.06 6.05 238.33 -0.44 5.17 203.54 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.08 6.20243 8/9 -0.25 5.36211 MID SD CRN -0.32 1/2 5.79 HI SD CRN -0.30 5.81 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0198 up 0.0006 Chicago soybeans closed moderately lower. MAR12 HI 12.13 1/2 NOV12 HI 12.12 3/4 LOW 11.5 LOW 11.63 1/2 CLOSE11.82 1/2 Down 20 1/2 CLOSE 11.88 1/2 Down 16 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.55 11.28 414.29-0.80 11.09 407.30 CK High -0.45 11.38 417.96-0.72 11.17 410.24 CK Average -0.52 -0.7711.30 415.33-0.75-1.0311.13 409.02 Essex Cty -0.43 11.40 418.69-0.61 11.28 414.29 Mdsx Low -0.52 11.31 415.39-0.76 11.13 408.77 Mdsx High -0.50 11.33 416.12-0.75 11.14 409.14 Mdsx Average -0.51 -0.7611.32 415.76-0.76-1.0311.13 408.96 Hensall -0.53 11.30 415.20-0.73 11.16 410.06 Bruce -0.55 11.28 414.29-0.75 11.14 409.14 Putnam -0.50 11.33 416.12-0.70 11.19 410.98 Burford -0.52 11.31 415.39-0.76 11.13 408.77 Port Perry -0.55 11.28 414.29-0.79 11.10 407.67 Norfolk -0.45 11.38 417.96-0.70 11.19 410.98 Palmerston -0.55 11.28 414.29-0.75 11.14 409.14 Varna -0.60 11.23 412.45-0.80 11.09 407.30 Trenton -0.66 11.17 410.24-0.80 11.09 407.30 Winchester -0.67 11.16 409.88-0.62 11.27 413.92 North Gower 0.15 11.98 440.01-0.20 11.69 429.35 Huron FOB -0.40 11.43 419.80-0.70 11.19 410.98 Kent FOB -0.50 11.33 416.12-0.75 11.14 409.14 Lambton FOB -0.50 11.33 416.12-0.75 11.14 409.14 Middlesex FOB-0.37-0.37 N/A N/A 11.46 420.90-0.58 11.31 415.39 PROCESSORS Hamilton 0.00 -0.05-0.05-0.10 11.83 434.49-0.20 11.69 429.35 Windsor -0.20-0.16-0.16-0.25 11.63 427.15-0.38 11.51 422.74 Winchester -0.56 11.27 413.92-0.51 11.38 417.96 TRANSFER Hamilton -0.10 N/A N/A N/A 11.73 430.82-0.15 11.74 431.19 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 11.73 430.820.10 11.99 440.37 Toledo El. -0.28 11.55 424.37-0.59 11.29 414.90 Bank of Canada Noon exchange rate was 1.0198 up 0.0006 Chicago wheat closed lower. MAR12 HI 6.48 3/4 JUL12 HI 6.85 LOW 5.92 LOW 6.32 1/4 CLOSE 6.05 Down 36 CLOSE 6.48 Down 30 Minni wheat closed slightly to moderately lower. MAR12 HI 8.22 SEP12 HI 7.89 LOW 7.94 1/4 LOW 7.58 1/2 CLOSE 8.07 1/2 Down 9 CLOSE 7.67 Down 17 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.08 0.79 0.23 -0.24 CAD $/bu 5.97 6.84 6.28 7.83 CAD $/tonne 219.43 251.31 230.68 287.88 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 0.10 N/A N/A 0.65 -0.25 N/A London -0.19 0.52 -0.04 N/A N/A 0.53 -0.24 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 -0.03 N/A N/A N/A -0.25 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 0.81 0.01 -0.43 N/A 0.53 -0.19 -0.47 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 -0.74 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A 0.50 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 0.53N/A 0.25 1.17 0.56N/A Toledo El. 6.12US 6.25CA 6.50US 6.65CA 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 -0.16 0.23 CAD $/bu 6.53 7.35 6.32 7.90 CAD $/tonne 239.82 269.89 232.30 290.19 (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 295.00 Bayport Barley 285.00 FOB Hm Soymeal 366.08 - 370.49 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00