FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 13 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0245 up 0.0047 Chicago corn closed slightly to moderately lower. MAR12 HI 6.14 3/4 DEC12 HI 5.66 1/2 LOW 5.98 1/2 LOW 5.53 1/2 CLOSE5.99 1/2 Down 12 CLOSE 5.55 1/4 Down 5 3/4 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 5.65 222.23 -0.55 5.00 196.94 CK High -0.25 5.75 226.17 -0.52 5.03 198.12 CK Avg -0.30 -0.44 5.70 224.20 -0.55 -0.70 5.01 197.14 Essex Cty -0.30 5.70 224.20 -0.55 5.00 196.94 Mdsx Low -0.30 5.70 224.20 -0.55 5.00 196.94 Mdsx High -0.25 5.75 226.17 -0.50 5.05 198.91 Mdsx Avg -0.28 -0.42 5.72 225.19 -0.53 -0.68 5.03 197.92 Hensall -0.28 5.72 225.19 -0.50 5.05 198.91 Bruce -0.25 5.75 226.17 -0.50 5.05 198.91 Putnam -0.30 5.70 224.20 -0.55 5.00 196.94 Burford -0.30 5.70 224.20 -0.55 5.00 196.94 Port Perry -0.30 5.70 224.20 -0.55 5.00 196.94 Norfolk -0.25 5.75 226.17 -0.52 5.03 198.12 Palmerston -0.30 5.70 224.20 -0.50 5.05 198.91 Varna -0.30 5.70 224.20 -0.50 5.05 198.91 Trenton 0.00 6.00 236.01 -0.45 5.10 200.88 Winchester -0.05 5.95 234.04 -0.45 5.10 200.88 North Gower 0.00 6.00 236.01 -0.45 5.10 200.88 Huron FOB -0.20 5.80 228.14 -0.40 5.15 202.84 Kent FOB -0.25 5.75 226.17 -0.52 5.03 198.12 Lamb FOB -0.25 5.75 226.17 -0.52 5.03 198.12 Mdsx FOB -0.30 -0.25 -0.25 -0.20 5.70 224.20 -0.55 5.00 196.94 FOB SW Que 0.20 6.20 243.89 -0.25 5.30 208.75 Track 0.15 6.15 241.92N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.00 196.94 Jhnstwn-Eth 0.20 0.20 0.20 0.25 6.20 243.89 -0.40 5.15 202.84 Aylmer-Eth N/A -0.10 -0.10 0.00 N/A Sarn-Eth 0.00 0.05 0.00 0.05 6.00 236.01N/A Cllngwd-Eth 0.10N/A N/A N/A 6.10 239.95-0.30* 5.25 206.78 London-Cas 0.05 0.05 0.05 0.15 6.05 237.98 -0.35 5.20 204.81 Pt.Colb-Cas 0.15 0.20 0.25 0.30 6.15 241.92 -0.30 5.25 206.78 Cardnl-Cas 0.25 0.30 0.25 0.30 6.25 245.85 -0.30 5.25 206.78 W O Feed 0.22 0.19 6.22 244.67 US Rep 0.60 0.57 6.60 259.63 Toledo El. -0.06 5.93 233.59 -0.44 5.11 201.19 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.08 6.08239 1/6 -0.25 5.30208 3/4 MID SD CRN -0.30 5.69 1/2 HI SD CRN -0.25 5.74 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0245 up 0.0047 Chicago soybeans closed moderately lower to lower. MAR12 HI 11.94 1/2 NOV12 HI 11.99 1/2 LOW 11.57 1/2 LOW 11.68 1/2 CLOSE11.58 1/4 Down 24 1/4 CLOSE 11.70 Down 18 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 11.08 407.21-0.72 10.98 403.45 CK High -0.40 11.18 410.89-0.58 11.12 408.59 CK Average -0.45 -0.7311.13 408.93-0.65-0.9711.05 406.02 Essex Cty -0.36 11.22 412.36-0.53 11.17 410.43 Mdsx Low -0.40 11.18 410.89-0.62 11.08 407.12 Mdsx High -0.37 11.21 411.99-0.60 11.10 407.86 Mdsx Average -0.39 -0.6611.20 411.44-0.61-0.9311.09 407.49 Hensall -0.43 11.16 409.97-0.63 11.08 406.94 Bruce -0.45 11.13 409.05-0.65 11.05 406.02 Putnam -0.40 11.18 410.89-0.60 11.10 407.86 Burford -0.37 11.21 411.99-0.62 11.08 407.12 Port Perry -0.46 11.12 408.68-0.71 10.99 403.81 Norfolk -0.35 11.23 412.72-0.53 11.17 410.43 Palmerston -0.55 11.03 405.37-0.75 10.95 402.34 Varna -0.60 10.98 403.54-0.80 10.90 400.51 Trenton -0.60 10.98 403.54-0.70 11.00 404.18 Winchester -0.60 10.98 403.54-0.54 11.16 410.06 North Gower -0.60 10.98 403.54-0.60 11.10 407.86 Huron FOB -0.30 11.28 414.56-0.55 11.15 409.69 Kent FOB -0.40 11.18 410.89-0.58 11.12 408.59 Lambton FOB -0.40 11.18 410.89-0.58 11.12 408.59 Middlesex FOB-0.28-0.28 N/A N/A 11.30 415.30-0.50 11.20 411.53 PROCESSORS Hamilton 0.05 0.00 0.00 -0.05 11.63 427.42-0.15 11.55 424.39 Windsor -0.13-0.09-0.09-0.18 11.45 420.81-0.31 11.39 418.51 Winchester -0.57 11.01 404.64-0.52 11.18 410.79 TRANSFER Hamilton -0.10 N/A N/A N/A 11.48 421.91-0.15 11.55 424.39 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.05 11.53 423.750.15 11.85 435.41 Toledo El. -0.28 11.31 415.42-0.60 11.10 408.00 Bank of Canada Noon exchange rate was 1.0245 up 0.0047 Chicago wheat closed slightly lower. MAR12 HI 6.10 JUL12 HI 6.53 1/2 LOW 5.99 LOW 6.42 CLOSE 6.02 1/4 Down 2 3/4 CLOSE 6.45 3/4 Down 2 1/4 Minni wheat closed slightly lower. MAR12 HI 8.13 1/4 SEP12 HI 7.72 LOW 7.98 LOW 7.62 1/2 CLOSE 8.01 1/4 Down 6 1/4 CLOSE 7.64 1/2 Down 2 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.06 0.81 0.25 -0.22 CAD $/bu 5.96 6.83 6.27 7.80 CAD $/tonne 219.11 251.10 230.40 286.47 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 0.05 N/A N/A 0.60 -0.20 N/A London -0.15 0.57 0.06 N/A N/A 0.58 -0.19 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 0.02 N/A N/A N/A -0.21 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 0.02 -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 -0.61 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.16 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 0.56N/A 0.28 1.21 0.59N/A Toledo El. 6.14US 6.29CA 6.48US 6.66CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.08 0.90 -0.13 0.26 CAD $/bu 6.53 7.36 6.33 7.91 CAD $/tonne 240.08 270.29 232.53 290.59 (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 359.91 - 367.63 DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00