FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9985 up 0.0014 Chicago corn closed slightly higher. MAR12 HI 6.47 DEC12 HI 5.79 1/2 LOW 6.34 1/4 LOW 5.70 1/4 CLOSE6.43 Up 1 CLOSE 5.79 Up 2 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 6.08 239.36 -0.65 5.14 202.35 CK High -0.30 6.13 241.33 -0.55 5.24 206.29 CK Avg -0.34 -0.34 6.09 239.82 -0.63 -0.64 5.16 203.21 Essex Cty -0.35 6.08 239.36 -0.65 5.14 202.35 Mdsx Low -0.35 6.08 239.36 -0.65 5.14 202.35 Mdsx High -0.35 6.08 239.36 -0.65 5.14 202.35 Mdsx Avg -0.35 -0.35 6.08 239.36 -0.65 -0.66 5.14 202.35 Hensall -0.35 6.08 239.36 -0.63 5.17 203.34 Bruce -0.35 6.08 239.36 -0.65 5.14 202.35 Putnam -0.35 6.08 239.36 -0.65 5.14 202.35 Burford -0.35 6.08 239.36 -0.65 5.14 202.35 Port Perry -0.35 6.08 239.36 -0.65 5.14 202.35 Norfolk -0.33 6.10 240.15 -0.62 5.17 203.53 Palmerston -0.30 6.13 241.33 -0.60 5.19 204.32 Varna -0.30 6.13 241.33 -0.55 5.24 206.29 Trenton -0.05 6.38 251.17 -0.50 5.29 208.26 Winchester -0.05 6.38 251.17 -0.50 5.29 208.26 North Gower 0.00 6.43 253.14 -0.45 5.34 210.23 Huron FOB -0.20 6.23 245.26 -0.55 5.24 206.29 Kent FOB -0.33 6.10 240.15 -0.62 5.17 203.53 Lamb FOB -0.33 6.10 240.15 -0.62 5.17 203.53 Mdsx FOB -0.35 -0.35 -0.25 -0.30 6.08 239.36 -0.65 5.14 202.35 FOB SW Que 0.25 6.68 262.98 -0.20 5.59 220.07 Track 0.10 6.53 257.07N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.24 206.29 Jhnstwn-Eth 0.30 0.30 0.35 0.25 6.73 264.95 -0.40 5.39 212.19 Aylmer-Eth -0.10 -0.10 0.00 0.00 6.33 249.20 -0.50 5.29 208.26 Sarn-Eth 0.05 0.00 0.05 0.05 6.48 255.11N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.49 216.13 London-Cas -0.05 -0.05 0.10 0.15 6.38 251.17 -0.35 5.44 214.16 Pt.Colb-Cas 0.10 0.10 0.40 0.30 6.53 257.07 -0.30 5.49 216.13 Cardnl-Cas 0.30 0.30 0.40 0.30 6.73 264.95 -0.30 5.49 216.13 W O Feed 0.21 0.21 6.64 261.41 US Rep 0.60 0.60 7.03 276.76 Toledo El. 0.08 6.51 256.29 -0.43 5.36 210.97 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.10 6.33249 1/5 -0.36 5.43213 7/9 MID SD CRN -0.32 1/2 6.10 1/2 HI SD CRN -0.30 6.13 *Wet Bid Bank of Canada Noon exchange rate was 0.9985 up 0.0014 Chicago soybeans closed slightly higher. MAR12 HI 12.24 3/4 NOV12 HI 12.25 1/4 LOW 12.06 1/4 LOW 12.10 1/2 CLOSE12.17 Up 1 3/4 CLOSE 12.23 3/4 Up 5 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.75 11.42 419.61-0.90 11.34 416.58 CK High -0.70 11.47 421.45-0.88 11.36 417.32 CK Average -0.71 -0.7111.46 421.14-0.90-0.9211.34 416.70 Essex Cty -0.47 11.70 429.90-0.82 11.42 419.52 Mdsx Low -0.72 11.45 420.72-0.87 11.37 417.68 Mdsx High -0.65 11.52 423.29-0.85 11.39 418.42 Mdsx Average -0.69 -0.6911.49 422.00-0.86-0.8911.38 418.05 Hensall -0.65 11.52 423.29-0.85 11.39 418.42 Bruce -0.70 11.47 421.45-0.90 11.34 416.58 Putnam -0.65 11.52 423.29-0.85 11.39 418.42 Burford -0.69 11.48 421.82-0.84 11.40 418.79 Port Perry -0.75 11.42 419.61-0.90 11.34 416.58 Norfolk -0.66 11.51 422.92-0.85 11.39 418.42 Palmerston -0.70 11.47 421.45-0.90 11.34 416.58 Varna -0.70 11.47 421.45-0.90 11.34 416.58 Trenton -0.85 11.32 415.94-1.00 11.24 412.91 Winchester -0.90 11.27 414.10-0.85 11.39 418.42 North Gower -0.85 11.32 415.94-0.80 11.44 420.26 Huron FOB -0.50 11.67 428.80-0.75 11.49 422.09 Kent FOB -0.70 11.47 421.45-0.90 11.34 416.58 Lambton FOB -0.70 11.47 421.45-0.90 11.34 416.58 Middlesex FOB-0.56-0.56 N/A N/A 11.61 426.59-0.74 11.50 422.46 PROCESSORS Hamilton -0.25-0.25-0.25-0.28 11.92 437.99-0.40 11.84 434.95 Windsor -0.24-0.34-0.43-0.38 11.93 438.35-0.60 11.64 427.60 Winchester -0.87 11.30 415.20-0.77 11.47 421.36 TRANSFER Hamilton -0.25 N/A N/A N/A 11.92 437.99-0.25 11.99 440.47 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 12.07 443.500.00 12.24 449.65 Toledo El. -0.18 11.99 440.55-0.58 11.66 428.29 Bank of Canada Noon exchange rate was 0.9985 up 0.0014 Chicago wheat closed slightly to moderately lower. MAR12 HI 6.74 1/4 JUL12 HI 6.97 1/2 LOW 6.57 LOW 6.86 CLOSE 6.62 3/4 Down 11 1/2 CLOSE 6.91 3/4 Down 5 1/2 Minni wheat closed slightly lower. MAR12 HI 8.43 1/2 SEP12 HI 7.94 1/4 LOW 8.31 3/4 LOW 7.84 CLOSE 8.36 Down 3/4 CLOSE 7.85 1/4 Down 5 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.10 0.75 0.10 -0.45 CAD $/bu 6.53 7.38 6.73 7.91 CAD $/tonne 239.94 271.19 247.29 290.76 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 0.45 -0.25 N/A London -0.15 0.40 -0.10 N/A -0.10 0.45 -0.35 N/A Hensall -0.10 N/A -0.05 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 -0.80 Essex N/A N/A -0.20 N/A N/A N/A -0.38 N/A Norwich -0.10 N/A -0.05 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 -0.10 N/A -0.05 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 0.68 -0.05 -0.57 N/A 0.40 -0.25 -0.60 Varna -0.05 0.75 -0.05 N/A 0.10 0.75 -0.25 N/A Mitchell -0.10 0.60 -0.05 N/A 0.05 0.65 -0.25 N/A Thornton N/A N/A N/A -0.53 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.75 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 0.00 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 0.12 1.02 0.42N/A Toledo El. 6.81US 6.81CA 6.94US 6.95CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.07 0.82 -0.13 -0.03 CAD $/bu 6.98 7.74 6.78 7.82 CAD $/tonne 256.60 284.22 249.24 287.35 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 300.00 Bayport Oats 297.00 Bayport Barley 295.00 FOB Hm Soymeal 370.82 - 376.34 DDG's FOB Srn, Wndr, Aylm 160.00 - 178.00