FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 20 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0143 up 0.0048 Chicago corn closed mixed. MAR12 HI 6.13 3/4 DEC12 HI 5.58 1/4 LOW 6.01 1/4 LOW 5.47 CLOSE6.11 1/2 Up 5 1/2 CLOSE 5.51 3/4 Down 5 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 5.77 226.96 -0.60 4.92 193.59 CK High -0.25 5.87 230.89 -0.55 4.97 195.56 CK Avg -0.30 -0.39 5.82 228.93 -0.57 -0.66 4.95 194.91 Essex Cty -0.30 5.82 228.93 -0.60 4.92 193.59 Mdsx Low -0.30 5.82 228.93 -0.60 4.92 193.59 Mdsx High -0.30 5.82 228.93 -0.55 4.97 195.56 Mdsx Avg -0.30 -0.39 5.82 228.93 -0.58 -0.67 4.94 194.58 Hensall -0.30 5.82 228.93 -0.58 4.94 194.58 Bruce -0.30 5.82 228.93 -0.60 4.92 193.59 Putnam -0.30 5.82 228.93 -0.60 4.92 193.59 Burford -0.30 5.82 228.93 -0.55 4.97 195.56 Port Perry -0.30 5.82 228.93 -0.55 4.97 195.56 Norfolk -0.25 5.87 230.89 -0.55 4.97 195.56 Palmerston -0.30 5.82 228.93 -0.60 4.92 193.59 Varna -0.30 5.82 228.93 -0.50 5.02 197.53 Trenton -0.05 6.07 238.77 -0.45 5.07 199.50 Winchester -0.05 6.07 238.77 -0.45 5.07 199.50 North Gower -0.27 5.85 230.11 -0.44 5.08 199.89 Huron FOB -0.20 5.92 232.86 -0.50 5.02 197.53 Kent FOB -0.25 5.87 230.89 -0.55 4.97 195.56 Lamb FOB -0.25 5.87 230.89 -0.55 4.97 195.56 Mdsx FOB -0.30 -0.25 -0.25 -0.20 5.82 228.93 -0.55 4.97 195.56 FOB SW Que 0.10 6.22 244.67 -0.30 5.22 205.40 Track 0.13 6.24 245.66N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.20 0.20 0.20 0.25 6.32 248.61 -0.40 5.12 201.47 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* 5.22 205.40 London-Cas 0.00 0.00 0.00 0.10 6.12 240.74 -0.35 5.17 203.44 Pt.Colb-Cas 0.25 0.30 0.35 0.40 6.37 250.58 -0.30 5.22 205.40 Cardnl-Cas 0.25 0.30 0.25 0.30 6.37 250.58 -0.30 5.22 205.40 W O Feed 0.19 0.18 6.31 248.22 US Rep 0.70 0.69 6.82 268.29 Toledo El. -0.03 6.08 239.54 -0.44 5.08 199.99 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.07 6.05238 -0.30 5.22205 2/5 MID SD CRN -0.30 5.81 1/2 HI SD CRN -0.25 5.86 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0143 up 0.0048 Chicago soybeans closed slightly lower. MAR12 HI 12.04 NOV12 HI 12.00 LOW 11.83 LOW 11.79 1/2 CLOSE11.87 Down 10 CLOSE 11.83 3/4 Down 10 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.60 11.27 414.10-0.80 11.04 405.56 CK High -0.52 11.35 417.04-0.75 11.09 407.40 CK Average -0.58 -0.7511.29 414.90-0.79-1.0011.05 405.99 Essex Cty -0.45 11.42 419.61-0.66 11.18 410.70 Mdsx Low -0.55 11.32 415.94-0.75 11.09 407.40 Mdsx High -0.55 11.32 415.94-0.75 11.09 407.40 Mdsx Average -0.55 -0.7211.32 415.94-0.75-0.9611.09 407.40 Hensall -0.58 11.30 415.02-0.78 11.06 406.48 Bruce -0.60 11.27 414.10-0.80 11.04 405.56 Putnam -0.60 11.27 414.10-0.80 11.04 405.56 Burford -0.49 11.38 418.14-0.69 11.15 409.60 Port Perry -0.58 11.29 414.84-0.78 11.06 406.29 Norfolk -0.54 11.33 416.31-0.79 11.05 405.93 Palmerston -0.65 11.22 412.26-0.85 10.99 403.72 Varna -0.60 11.27 414.10-0.80 11.04 405.56 Trenton -0.70 11.17 410.43-0.80 11.04 405.56 Winchester -0.70 11.17 410.43-0.65 11.19 411.07 North Gower -0.44 11.43 419.98-0.68 11.16 409.97 Huron FOB -0.45 11.42 419.61-0.70 11.14 409.23 Kent FOB -0.52 11.35 417.04-0.77 11.07 406.66 Lambton FOB -0.52 11.35 417.04-0.77 11.07 406.66 Middlesex FOB-0.41-0.41-0.39-0.39 11.46 421.08-0.62 11.22 412.17 PROCESSORS Hamilton -0.05-0.10-0.10-0.20 11.82 434.31-0.30 11.54 423.93 Windsor -0.22-0.17-0.17-0.27 11.65 428.06-0.43 11.41 419.15 Winchester -0.68 11.19 411.16-0.63 11.21 411.81 TRANSFER Hamilton -0.20 N/A N/A N/A 11.67 428.80-0.24 11.60 426.14 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 11.72 430.640.05 11.89 436.79 Toledo El. -0.25 11.62 426.83-0.59 11.25 413.27 Bank of Canada Noon exchange rate was 1.0143 up 0.0048 Chicago wheat closed slightly higher. MAR12 HI 6.12 JUL12 HI 6.45 1/4 LOW 5.97 LOW 6.28 1/2 CLOSE 6.10 1/2 Up 4 3/4 CLOSE 6.43 3/4 Up 4 3/4 Minni wheat closed slightly lower. MAR12 HI 8.02 SEP12 HI 7.58 LOW 7.94 3/4 LOW 7.51 CLOSE 7.98 3/4 Down 1/4 CLOSE 7.55 1/4 Down 1 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.11 0.75 0.19 -0.29 CAD $/bu 5.99 6.85 6.30 7.70 CAD $/tonne 220.16 251.86 231.35 282.89 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 -0.21 0.50 -0.01 N/A N/A 0.55 -0.26 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 -0.07 N/A N/A N/A -0.29 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 0.58 -0.27 N/A Brigden N/A N/A N/A N/A N/A 0.58 -0.27 N/A Palmerston N/A 0.75 -0.04 -0.49 N/A 0.47 -0.25 -0.53 Varna 0.00 0.75 0.00 N/A 0.10 0.75 -0.25 N/A Mitchell -0.10 0.60 -0.05 N/A 0.05 0.65 -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 -0.15 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.38 N/A N/A N/A -0.20 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 0.50N/A 0.22 1.13 0.52N/A Toledo El. 6.23US 6.32CA 6.46US 6.57CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.01 0.83 -0.19 0.18 CAD $/bu 6.45 7.26 6.25 7.74 CAD $/tonne 236.96 266.88 229.48 284.26 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 295.00 Bayport Oats 295.00 Bayport Barley 285.00 FOB Hm Soymeal 364.76 - 365.86 DDG's FOB Srn, Wndr, Aylm 165.00 - 178.00