FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9945 down 0.0040 Chicago corn closed slightly higher. MAR12 HI 6.46 1/2 DEC12 HI 5.81 3/4 LOW 6.38 LOW 5.73 3/4 CLOSE6.44 1/2 Up 1 1/2 CLOSE 5.81 1/2 Up 2 1/2 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 6.10 239.95 -0.65 5.17 203.34 CK High -0.30 6.15 241.92 -0.55 5.27 207.27 CK Avg -0.34 -0.30 6.11 240.41 -0.63 -0.61 5.19 204.12 Essex Cty -0.45 6.00 236.01 -0.70 5.12 201.37 Mdsx Low -0.35 6.10 239.95 -0.65 5.17 203.34 Mdsx High -0.35 6.10 239.95 -0.65 5.17 203.34 Mdsx Avg -0.35 -0.32 6.10 239.95 -0.65 -0.63 5.17 203.34 Hensall -0.35 6.10 239.95 -0.63 5.19 204.32 Bruce -0.35 6.10 239.95 -0.65 5.17 203.34 Putnam -0.35 6.10 239.95 -0.65 5.17 203.34 Burford -0.35 6.10 239.95 -0.65 5.17 203.34 Port Perry -0.35 6.10 239.95 -0.65 5.17 203.34 Norfolk -0.33 6.12 240.74 -0.62 5.20 204.52 Palmerston -0.35 6.10 239.95 -0.60 5.22 205.31 Varna -0.35 6.10 239.95 -0.60 5.22 205.31 Trenton -0.05 6.40 251.76 -0.50 5.32 209.24 Winchester -0.05 6.40 251.76 -0.50 5.32 209.24 North Gower 0.00 6.45 253.73 -0.45 5.37 211.21 Huron FOB -0.20 6.25 245.85 -0.55 5.27 207.27 Kent FOB -0.33 6.12 240.74 -0.62 5.20 204.52 Lamb FOB -0.33 6.12 240.74 -0.62 5.20 204.52 Mdsx FOB -0.35 -0.35 -0.25 -0.30 6.10 239.95 -0.65 5.17 203.34 FOB SW Que 0.20 6.65 261.60 -0.25 5.57 219.08 Track 0.10 6.55 257.67N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.27 207.27 Jhnstwn-Eth 0.30 0.30 0.35 0.25 6.75 265.54 -0.40 5.42 213.18 Aylmer-Eth -0.10 -0.10 0.00 0.00 6.35 249.79 -0.50 5.32 209.24 Sarn-Eth 0.05 0.00 0.05 0.05 6.50 255.70N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.52 217.12 London-Cas -0.05 -0.05 0.10 0.15 6.40 251.76 -0.35 5.47 215.15 Pt.Colb-Cas 0.05 0.05 0.30 0.30 6.50 255.70 -0.30 5.52 217.12 Cardnl-Cas 0.30 0.30 0.40 0.30 6.75 265.54 -0.30 5.52 217.12 W O Feed 0.21 0.22 6.66 262.00 US Rep 0.60 0.61 7.05 277.35 Toledo El. 0.08 6.52 256.86 -0.43 5.39 212.06 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.14 6.31248 2/9 -0.40 5.42213 1/6 MID SD CRN -0.32 1/2 6.12 HI SD CRN -0.30 6.14 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9945 down 0.0040 Chicago soybeans closed moderately higher. MAR12 HI 12.36 1/2 NOV12 HI 12.39 LOW 12.14 LOW 12.20 CLOSE12.32 1/2 Up 15 1/2 CLOSE 12.37 1/4 Up 13 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.70 11.63 427.15-0.90 11.47 421.54 CK High -0.65 11.68 428.98-0.88 11.49 422.28 CK Average -0.69 -0.6311.64 427.51-0.90-0.8511.48 421.69 Essex Cty -0.49 11.84 434.86-0.89 11.48 421.91 Mdsx Low -0.72 11.61 426.41-0.87 11.50 422.64 Mdsx High -0.65 11.68 428.98-0.85 11.52 423.38 Mdsx Average -0.69 -0.6211.64 427.70-0.86-0.8211.51 423.01 Hensall -0.65 11.68 428.98-0.85 11.52 423.38 Bruce -0.70 11.63 427.15-0.90 11.47 421.54 Putnam -0.65 11.68 428.98-0.85 11.52 423.38 Burford -0.69 11.64 427.51-0.84 11.53 423.75 Port Perry -0.75 11.58 425.31-0.90 11.47 421.54 Norfolk -0.66 11.67 428.62-0.85 11.52 423.38 Palmerston -0.65 11.68 428.98-0.85 11.52 423.38 Varna -0.70 11.63 427.15-0.90 11.47 421.54 Trenton -0.85 11.48 421.63-1.00 11.37 417.87 Winchester -0.90 11.43 419.80-0.85 11.52 423.38 North Gower -0.85 11.48 421.63-0.80 11.57 425.22 Huron FOB -0.50 11.83 434.49-0.75 11.62 427.05 Kent FOB -0.60 11.73 430.82-0.90 11.47 421.54 Lambton FOB -0.60 11.73 430.82-0.90 11.47 421.54 Middlesex FOB-0.56-0.66 N/A N/A 11.77 432.29-0.66 11.71 430.36 PROCESSORS Hamilton -0.25-0.25-0.25-0.25 12.08 443.68-0.40 11.97 439.91 Windsor -0.26-0.27-0.31-0.30 12.07 443.31-0.67 11.70 429.99 Winchester -0.87 11.46 420.90-0.77 11.60 426.32 TRANSFER Hamilton -0.30 N/A N/A N/A 12.03 441.84-0.30 12.07 443.59 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 12.18 447.35-0.05 12.32 452.77 Toledo El. -0.18 12.15 446.29-0.58 11.79 433.38 Bank of Canada Noon exchange rate was 0.9945 down 0.0040 Chicago wheat closed slightly lower. MAR12 HI 6.71 JUL12 HI 6.97 1/2 LOW 6.53 1/4 LOW 6.82 3/4 CLOSE 6.60 3/4 Down 2 CLOSE 6.89 Down 2 3/4 Minni wheat closed slightly higher. MAR12 HI 8.44 1/4 SEP12 HI 7.90 3/4 LOW 8.29 1/4 LOW 7.76 1/2 CLOSE 8.38 1/2 Up 2 1/2 CLOSE 7.86 1/4 Up 1 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.13 0.71 0.06 -0.49 CAD $/bu 6.47 7.32 6.67 7.89 CAD $/tonne 237.85 268.92 245.16 290.02 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 0.45 -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 -0.30 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 -0.24 N/A N/A N/A -0.42 N/A Norwich -0.10 N/A -0.05 N/A 0.05 N/A -0.30 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 -0.30 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 -0.51 N/A 0.40 -0.25 -0.64 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 -0.30 N/A Thornton N/A N/A N/A -0.55 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 0.20 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 0.36N/A N/A 0.97 0.37N/A Toledo El. 6.79US 6.75CA 6.91US 6.89CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.03 0.77 -0.17 -0.08 CAD $/bu 6.92 7.66 6.72 7.78 CAD $/tonne 254.09 281.55 246.76 286.03 (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 376.56 - 382.07 DDG's FOB Srn, Wndr, Aylm 160.00 - 178.00