FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 17 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0132 down 0.0038 Chicago corn closed slightly higher. MAR12 HI 6.11 3/4 DEC12 HI 5.64 LOW 6.01 1/4 LOW 5.55 1/4 CLOSE6.04 Up 4 1/2 CLOSE 5.57 1/2 Up 2 1/4 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 5.69 224.01 -0.55 5.03 197.83 CK High -0.25 5.79 227.94 -0.52 5.06 199.01 CK Avg -0.30 -0.41 5.74 225.97 -0.55 -0.65 5.03 198.02 Essex Cty -0.30 5.74 225.97 -0.60 4.98 195.86 Mdsx Low -0.30 5.74 225.97 -0.55 5.03 197.83 Mdsx High -0.30 5.74 225.97 -0.55 5.03 197.83 Mdsx Avg -0.30 -0.41 5.74 225.97 -0.55 -0.66 5.03 197.83 Hensall -0.30 5.74 225.97 -0.53 5.05 198.81 Bruce -0.30 5.74 225.97 -0.55 5.03 197.83 Putnam -0.30 5.74 225.97 -0.55 5.03 197.83 Burford -0.30 5.74 225.97 -0.55 5.03 197.83 Port Perry -0.30 5.74 225.97 -0.55 5.03 197.83 Norfolk -0.25 5.79 227.94 -0.52 5.06 199.01 Palmerston -0.30 5.74 225.97 -0.50 5.08 199.79 Varna -0.30 5.74 225.97 -0.50 5.08 199.79 Trenton 0.00 6.04 237.78 -0.45 5.13 201.76 Winchester -0.05 5.99 235.82 -0.45 5.13 201.76 North Gower 0.00 6.04 237.78 -0.40 5.18 203.73 Huron FOB -0.15 5.89 231.88 -0.45 5.13 201.76 Kent FOB -0.25 5.79 227.94 -0.52 5.06 199.01 Lamb FOB -0.25 5.79 227.94 -0.52 5.06 199.01 Mdsx FOB -0.30 -0.25 -0.25 -0.20 5.74 225.97 -0.55 5.03 197.83 FOB SW Que 0.15 6.19 243.69 -0.25 5.33 209.64 Track 0.13 6.17 242.71N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.03 197.83 Jhnstwn-Eth 0.20 0.20 0.20 0.25 6.24 245.66 -0.40 5.18 203.73 Aylmer-Eth N/A -0.10 -0.10 0.00 N/A Sarn-Eth 0.00 0.05 0.00 0.05 6.04 237.78N/A Cllngwd-Eth 0.10N/A N/A N/A 6.14 241.72-0.30* 5.28 207.67 London-Cas 0.00 0.00 0.00 0.10 6.04 237.78 -0.35 5.23 205.70 Pt.Colb-Cas 0.15 0.20 0.25 0.30 6.19 243.69 -0.30 5.28 207.67 Cardnl-Cas 0.25 0.30 0.25 0.30 6.29 247.63 -0.30 5.28 207.67 W O Feed 0.18 0.17 6.22 244.87 US Rep 0.70 0.69 6.74 265.34 Toledo El. -0.06 5.98 235.38 -0.44 5.14 202.23 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.07 5.97235 -0.30 5.28207 2/3 MID SD CRN -0.30 5.74 HI SD CRN -0.25 5.79 *Wet Bid Bank of Canada Noon exchange rate was 1.0132 down 0.0038 Chicago soybeans closed moderately higher to higher. MAR12 HI 11.87 NOV12 HI 11.97 3/4 LOW 11.62 3/4 LOW 11.74 3/4 CLOSE11.83 1/2 Up 25 1/4 CLOSE 11.89 Up 19 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.57 11.27 413.92-0.78 11.11 408.22 CK High -0.52 11.32 415.76-0.70 11.19 411.16 CK Average -0.54 -0.7511.29 414.90-0.75-0.9811.14 409.32 Essex Cty -0.46 11.38 417.96-0.64 11.25 413.37 Mdsx Low -0.50 11.34 416.49-0.74 11.15 409.69 Mdsx High -0.48 11.36 417.22-0.70 11.19 411.16 Mdsx Average -0.49 -0.7011.35 416.86-0.72-0.9511.17 410.43 Hensall -0.53 11.31 415.57-0.73 11.17 410.24 Bruce -0.55 11.29 414.65-0.75 11.14 409.32 Putnam -0.50 11.34 416.49-0.70 11.19 411.16 Burford -0.42 11.42 419.43-0.68 11.21 411.90 Port Perry -0.51 11.33 416.12-0.77 11.12 408.59 Norfolk -0.47 11.37 417.59-0.72 11.17 410.43 Palmerston -0.55 11.29 414.65-0.75 11.14 409.32 Varna -0.60 11.24 412.82-0.80 11.09 407.49 Trenton -0.73 11.11 408.04-0.83 11.06 406.39 Winchester -0.73 11.11 408.04-0.67 11.22 412.26 North Gower -0.68 11.16 409.88-0.62 11.27 414.10 Huron FOB -0.40 11.44 420.16-0.70 11.19 411.16 Kent FOB -0.52 11.32 415.76-0.77 11.12 408.59 Lambton FOB -0.52 11.32 415.76-0.77 11.12 408.59 Middlesex FOB-0.32-0.32-0.32 N/A 11.52 423.10-0.60 11.29 414.84 PROCESSORS Hamilton -0.05-0.10-0.10-0.20 11.79 433.02-0.30 11.59 425.86 Windsor -0.24-0.20-0.19-0.29 11.60 426.04-0.41 11.48 421.82 Winchester -0.50 11.34 416.49-0.44 11.45 420.72 TRANSFER Hamilton -0.20 N/A N/A N/A 11.64 427.51-0.25 11.64 427.70 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 11.69 429.350.05 11.94 438.72 Toledo El. -0.27 11.56 424.77-0.59 11.30 415.17 Bank of Canada Noon exchange rate was 1.0132 down 0.0038 Chicago wheat closed slightly higher. MAR12 HI 6.11 3/4 JUL12 HI 6.54 LOW 6.01 1/2 LOW 6.45 CLOSE 6.04 3/4 Up 2 1/2 CLOSE 6.48 1/4 Up 2 1/2 Minni wheat closed slightly higher. MAR12 HI 8.13 1/4 SEP12 HI 7.73 LOW 7.99 1/2 LOW 7.66 CLOSE 8.08 1/2 Up 7 1/4 CLOSE 7.67 1/4 Up 2 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.10 0.77 0.21 -0.27 CAD $/bu 5.95 6.81 6.25 7.82 CAD $/tonne 218.60 250.37 229.81 287.29 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 -0.20 0.51 0.00 N/A N/A 0.51 -0.25 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 -0.04 N/A N/A N/A -0.27 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 N/A N/A N/A N/A 0.57 -0.25 N/A Brigden N/A N/A N/A N/A N/A 0.57 -0.25 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 -0.74 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.15 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 0.10 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 0.51N/A 0.22 1.14 0.53N/A Toledo El. 6.17US 6.27CA 6.50US 6.63CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.02 0.84 -0.18 0.20 CAD $/bu 6.50 7.32 6.30 7.87 CAD $/tonne 238.96 268.91 231.47 289.13 (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 369.83 - 374.24 DDG's FOB Srn, Wndr, Aylm 165.00 - 178.00