FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9971 down 0.0081 Chicago corn closed slightly to moderately higher. MAR12 HI 6.50 DEC12 HI 5.76 3/4 LOW 6.38 LOW 5.69 CLOSE6.42 Up 3 CLOSE 5.76 3/4 Up 7 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY12+MAY12+JUL12 CK Low -0.35 6.07 238.97 -0.65 5.12 201.47 CK High -0.30 6.12 240.93 -0.55 5.22 205.40 CK Avg -0.34 -0.34 6.08 239.42 -0.63 -0.64 5.14 202.32 Essex Cty -0.35 6.07 238.97 -0.65 5.12 201.47 Mdsx Low -0.35 6.07 238.97 -0.65 5.12 201.47 Mdsx High -0.35 6.07 238.97 -0.65 5.12 201.47 Mdsx Avg -0.35 -0.35 6.07 238.97 -0.65 -0.66 5.12 201.47 Hensall -0.33 6.10 239.95 -0.63 5.14 202.45 Bruce -0.35 6.07 238.97 -0.65 5.12 201.47 Putnam -0.35 6.07 238.97 -0.65 5.12 201.47 Burford -0.35 6.07 238.97 -0.65 5.12 201.47 Port Perry -0.35 6.07 238.97 -0.65 5.12 201.47 Norfolk -0.33 6.09 239.75 -0.62 5.15 202.65 Palmerston -0.30 6.12 240.93 -0.60 5.17 203.44 Varna N/A -0.55 5.22 205.40 Trenton -0.05 6.37 250.78 -0.50 5.27 207.37 Winchester -0.05 6.37 250.78 -0.50 5.27 207.37 North Gower 0.00 6.42 252.74 -0.45 5.32 209.34 Huron FOB -0.20 6.22 244.87 -0.60 5.17 203.44 Kent FOB -0.33 6.09 239.75 -0.62 5.15 202.65 Lamb FOB -0.33 6.09 239.75 -0.62 5.15 202.65 Mdsx FOB -0.35 -0.35 -0.25 -0.30 6.07 238.97 -0.65 5.12 201.47 FOB SW Que 0.30 6.72 264.55 -0.25 5.52 217.21 Track 0.13 6.55 257.67N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.22 205.40 Jhnstwn-Eth 0.30 0.30 0.35 0.25 6.72 264.55 -0.40 5.37 211.31 Aylmer-Eth -0.10 -0.10 0.00 0.00 6.32 248.81 -0.50 5.27 207.37 Sarn-Eth 0.05 0.00 0.05 0.05 6.47 254.71N/A Cllngwd-Eth 0.10N/A N/A N/A 6.52 256.68-0.30* 5.47 215.25 London-Cas -0.05 -0.05 0.10 0.15 6.37 250.78 -0.35 5.42 213.28 Pt.Colb-Cas 0.10 0.10 0.40 0.30 6.52 256.68 -0.30 5.47 215.25 Cardnl-Cas 0.30 0.30 0.40 0.30 6.72 264.55 -0.30 5.47 215.25 W O Feed 0.21 0.21 6.63 261.01 US Rep 0.60 0.60 7.02 276.37 Toledo El. 0.06 6.48 255.11 -0.43 5.34 210.10 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.15 6.27246 5/6 -0.37 5.40212 1/2 MID SD CRN -0.32 1/2 6.09 1/2 HI SD CRN -0.30 6.12 *Wet Bid Bank of Canada Noon exchange rate was 0.9971 down 0.0081 Chicago soybeans closed moderately higher. MAR12 HI 12.19 NOV12 HI 12.20 LOW 12.02 LOW 12.03 1/4 CLOSE12.15 1/4 Up 16 1/4 CLOSE 12.18 1/4 Up 16 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.75 11.40 418.97-0.90 11.28 414.56 CK High -0.70 11.45 420.81-0.88 11.30 415.30 CK Average -0.71 -0.7111.44 420.50-0.90-0.9211.29 414.68 Essex Cty -0.48 11.67 428.89-0.84 11.34 416.77 Mdsx Low -0.72 11.43 420.07-0.87 11.31 415.66 Mdsx High -0.65 11.50 422.64-0.85 11.33 416.40 Mdsx Average -0.69 -0.6811.47 421.36-0.86-0.8811.32 416.03 Hensall -0.65 11.50 422.64-0.85 11.33 416.40 Bruce -0.70 11.45 420.81-0.90 11.28 414.56 Putnam -0.65 11.50 422.64-0.85 11.33 416.40 Burford -0.69 11.46 421.17-0.84 11.34 416.77 Port Perry -0.75 11.40 418.97-0.90 11.28 414.56 Norfolk -0.66 11.49 422.28-0.85 11.33 416.40 Palmerston -0.55 11.60 426.32-0.75 11.43 420.07 Varna -0.70 11.45 420.81-0.90 11.28 414.56 Trenton -0.87 11.28 414.56-1.02 11.16 410.15 Winchester -0.92 11.23 412.72-0.87 11.31 415.66 North Gower -0.87 11.28 414.56-0.82 11.36 417.50 Huron FOB -0.50 11.65 428.16-0.75 11.43 420.07 Kent FOB -0.70 11.45 420.81-0.90 11.28 414.56 Lambton FOB -0.70 11.45 420.81-0.90 11.28 414.56 Middlesex FOB-0.56-0.56 N/A N/A 11.59 425.95-0.74 11.44 420.44 PROCESSORS Hamilton -0.25-0.25-0.30-0.30 11.90 437.34-0.40 11.78 432.93 Windsor -0.26-0.36-0.45-0.39 11.89 436.97-0.61 11.57 425.22 Winchester -0.78 11.37 417.87-0.73 11.45 420.81 TRANSFER Hamilton -0.25 N/A N/A N/A 11.90 437.34-0.25 11.93 438.44 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 12.05 442.85-0.05 12.13 445.79 Toledo El. -0.21 11.94 438.81-0.58 11.60 426.28 Bank of Canada Noon exchange rate was 0.9971 down 0.0081 Chicago wheat closed slightly higher. MAR12 HI 6.83 3/4 JUL12 HI 7.04 LOW 6.66 1/4 LOW 6.91 1/4 CLOSE 6.74 1/4 Up 8 1/4 CLOSE 6.97 1/4 Up 6 1/4 Minni wheat closed slightly higher. MAR12 HI 8.44 1/2 SEP12 HI 7.96 1/2 LOW 8.27 LOW 7.84 3/4 CLOSE 8.36 3/4 Up 9 CLOSE 7.90 1/2 Up 9 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.10 0.75 0.10 -0.45 CAD $/bu 6.64 7.49 6.84 7.92 CAD $/tonne 244.05 275.27 251.39 290.89 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 0.50 -0.05 N/A N/A 0.50 -0.25 N/A London -0.15 0.40 -0.10 N/A N/A 0.45 -0.35 N/A Hensall N/A N/A N/A N/A 0.05 N/A -0.25 N/A Trenton N/A N/A N/A N/A N/A N/A -0.50 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.20 Essex N/A N/A -0.21 N/A N/A N/A -0.39 N/A Norwich N/A N/A N/A N/A 0.05 N/A -0.25 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge N/A N/A N/A N/A 0.05 N/A -0.25 N/A Chatham N/A N/A N/A N/A N/A 0.50 -0.35 N/A Brigden N/A N/A N/A N/A N/A 0.50 -0.35 N/A Palmerston N/A 0.58 -0.05 -0.57 N/A 0.40 -0.25 -0.60 Varna N/A N/A N/A N/A 0.10 0.75 -0.25 N/A Mitchell N/A N/A N/A N/A 0.05 0.70 -0.25 N/A Thornton N/A N/A N/A -0.43 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 0.10 N/A N/A N/A -0.04 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 0.40N/A 0.11 1.01 0.41N/A Toledo El. 6.92US 6.92CA 6.99US 7.01CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.06 0.81 -0.14 -0.04 CAD $/bu 7.04 7.79 6.83 7.87 CAD $/tonne 258.50 286.11 251.14 289.14 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 297.00 - 300.00 Bayport Oats 297.00 Bayport Barley 295.00 FOB Hm Soymeal 371.82 - 375.12 DDG's FOB Srn, Wndr, Aylm 160.00 - 178.00