FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 18 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.014 up 0.0008 Chicago corn closed moderately lower. MAR12 HI 6.06 1/2 DEC12 HI 5.60 1/2 LOW 5.92 1/2 LOW 5.48 1/4 CLOSE5.93 1/2 Down 10 1/2 CLOSE 5.48 3/4 Down 8 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 5.59 219.87 -0.55 4.94 194.38 CK High -0.25 5.69 223.81 -0.52 4.97 195.56 CK Avg -0.30 -0.38 5.64 221.84 -0.55 -0.63 4.94 194.58 Essex Cty -0.30 5.64 221.84 -0.60 4.89 192.41 Mdsx Low -0.30 5.64 221.84 -0.55 4.94 194.38 Mdsx High -0.30 5.64 221.84 -0.55 4.94 194.38 Mdsx Avg -0.30 -0.38 5.64 221.84 -0.55 -0.64 4.94 194.38 Hensall -0.30 5.64 221.84 -0.55 4.94 194.38 Bruce -0.30 5.64 221.84 -0.55 4.94 194.38 Putnam -0.30 5.64 221.84 -0.55 4.94 194.38 Burford -0.30 5.64 221.84 -0.55 4.94 194.38 Port Perry -0.30 5.64 221.84 -0.55 4.94 194.38 Norfolk -0.25 5.69 223.81 -0.52 4.97 195.56 Palmerston -0.30 5.64 221.84 -0.50 4.99 196.35 Varna -0.30 5.64 221.84 -0.50 4.99 196.35 Trenton -0.10 5.84 229.71 -0.45 5.04 198.32 Winchester -0.05 5.89 231.68 -0.45 5.04 198.32 North Gower 0.00 5.94 233.65 -0.40 5.09 200.29 Huron FOB -0.15 5.79 227.75 -0.50 4.99 196.35 Kent FOB -0.25 5.69 223.81 -0.52 4.97 195.56 Lamb FOB -0.25 5.69 223.81 -0.52 4.97 195.56 Mdsx FOB -0.30 -0.25 -0.25 -0.20 5.64 221.84 -0.55 4.94 194.38 FOB SW Que 0.15 6.09 239.56 -0.25 5.24 206.19 Track 0.13 6.06 238.57N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.20 0.20 0.20 0.25 6.14 241.52 -0.40 5.09 200.29 Aylmer-Eth N/A -0.10 -0.10 0.00 N/A Sarn-Eth 0.00 0.05 0.00 0.05 5.94 233.65N/A Cllngwd-Eth 0.10N/A N/A N/A 6.04 237.59-0.30* 5.19 204.22 London-Cas 0.00 0.00 0.00 0.10 5.94 233.65 -0.35 5.14 202.25 Pt.Colb-Cas 0.15 0.20 0.25 0.30 6.09 239.56 -0.30 5.19 204.22 Cardnl-Cas 0.25 0.30 0.25 0.30 6.19 243.49 -0.30 5.19 204.22 W O Feed 0.18 0.17 6.12 240.74 US Rep 0.70 0.69 6.64 261.21 Toledo El. -0.06 5.87 231.26 -0.44 5.05 198.83 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.07 5.87230 8/9 -0.30 5.19204 2/9 MID SD CRN -0.30 5.63 1/2 HI SD CRN -0.25 5.68 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.014 up 0.0008 Chicago soybeans closed slightly lower to steady. MAR12 HI 11.87 1/4 NOV12 HI 11.92 3/4 LOW 11.72 1/4 LOW 11.78 3/4 CLOSE11.83 1/2 Unchanged CLOSE 11.86 Down 3 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.60 11.24 412.82-0.80 11.06 406.39 CK High -0.52 11.32 415.76-0.75 11.11 408.22 CK Average -0.55 -0.7211.28 414.53-0.76-0.9511.10 407.73 Essex Cty -0.48 11.36 417.22-0.66 11.20 411.53 Mdsx Low -0.52 11.32 415.76-0.72 11.14 409.32 Mdsx High -0.50 11.34 416.49-0.70 11.16 410.06 Mdsx Average -0.51 -0.6711.33 416.12-0.71-0.9011.15 409.69 Hensall -0.53 11.31 415.57-0.73 11.14 409.14 Bruce -0.55 11.29 414.65-0.75 11.11 408.22 Putnam -0.50 11.34 416.49-0.70 11.16 410.06 Burford -0.46 11.38 417.96-0.66 11.20 411.53 Port Perry -0.55 11.29 414.65-0.75 11.11 408.22 Norfolk -0.47 11.37 417.59-0.72 11.14 409.32 Palmerston -0.55 11.29 414.65-0.75 11.11 408.22 Varna -0.60 11.24 412.82-0.80 11.06 406.39 Trenton -0.70 11.14 409.14-0.85 11.01 404.55 Winchester -0.73 11.11 408.04-0.67 11.19 411.16 North Gower -0.68 11.16 409.88-0.62 11.24 413.00 Huron FOB -0.40 11.44 420.16-0.70 11.16 410.06 Kent FOB -0.52 11.32 415.76-0.77 11.09 407.49 Lambton FOB -0.52 11.32 415.76-0.77 11.09 407.49 Middlesex FOB-0.38-0.38 N/A N/A 11.46 420.90-0.58 11.28 414.47 PROCESSORS Hamilton -0.05-0.10-0.10-0.15 11.79 433.02-0.25 11.61 426.59 Windsor -0.25-0.21-0.21-0.30 11.59 425.68-0.43 11.43 419.98 Winchester -0.50 11.34 416.49-0.44 11.42 419.61 TRANSFER Hamilton -0.20 N/A N/A N/A 11.64 427.51-0.25 11.61 426.59 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 11.91 437.62 Toledo El. -0.27 11.56 424.81-0.59 11.27 414.13 Bank of Canada Noon exchange rate was 1.014 up 0.0008 Chicago wheat closed moderately lower. MAR12 HI 6.06 1/2 JUL12 HI 6.49 LOW 5.90 LOW 6.31 1/4 CLOSE 5.92 1/4 Down 12 1/2 CLOSE 6.33 1/4 Down 15 Minni wheat closed slightly to moderately lower. MAR12 HI 8.13 1/2 SEP12 HI 7.70 LOW 7.98 LOW 7.54 1/2 CLOSE 8.00 3/4 Down 7 3/4 CLOSE 7.56 Down 11 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.12 0.74 0.18 -0.30 CAD $/bu 5.80 6.66 6.10 7.71 CAD $/tonne 213.14 244.80 224.32 283.35 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 0.55 0.05 N/A N/A 0.55 -0.20 N/A London -0.20 0.51 0.01 N/A N/A 0.52 -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 -0.05 N/A N/A N/A -0.28 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 0.60 -0.25 N/A Brigden N/A N/A N/A N/A N/A 0.60 -0.25 N/A Palmerston N/A 0.81 0.02 -0.43 N/A 0.53 -0.19 -0.47 Varna 0.00 0.75 0.00 N/A 0.10 0.75 -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 -0.77 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 0.49N/A 0.20 1.12 0.51N/A Toledo El. 6.04US 6.13CA 6.35US 6.45CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.00 0.81 -0.20 0.17 CAD $/bu 6.33 7.14 6.13 7.73 CAD $/tonne 232.66 262.52 225.19 284.08 (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 371.49 - 375.89 DDG's FOB Srn, Wndr, Aylm 165.00 - 178.00