FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9948 down 0.0006 Chicago corn closed slightly lower. MAR12 HI 6.45 DEC12 HI 5.81 1/2 LOW 6.39 1/4 LOW 5.73 CLOSE6.42 1/4 Down 2 CLOSE 5.75 1/4 Down 6 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 6.07 239.06 -0.65 5.10 200.88 CK High -0.30 6.12 241.03 -0.55 5.20 204.81 CK Avg -0.34 -0.32 6.08 239.39 -0.63 -0.62 5.12 201.53 Essex Cty -0.40 6.02 237.10 -0.65 5.10 200.88 Mdsx Low -0.35 6.07 239.06 -0.65 5.10 200.88 Mdsx High -0.35 6.07 239.06 -0.65 5.10 200.88 Mdsx Avg -0.35 -0.33 6.07 239.06 -0.65 -0.64 5.10 200.88 Hensall -0.35 6.07 239.06 -0.63 5.13 201.86 Bruce -0.35 6.07 239.06 -0.65 5.10 200.88 Putnam -0.35 6.07 239.06 -0.65 5.10 200.88 Burford -0.35 6.07 239.06 -0.65 5.10 200.88 Port Perry -0.35 6.07 239.06 -0.65 5.10 200.88 Norfolk -0.35 6.07 239.06 -0.65 5.10 200.88 Palmerston -0.35 6.07 239.06 -0.65 5.10 200.88 Varna -0.35 6.07 239.06 -0.60 5.15 202.84 Trenton -0.05 6.37 250.87 -0.50 5.25 206.78 Winchester -0.05 6.37 250.87 -0.50 5.25 206.78 North Gower 0.00 6.42 252.84 -0.45 5.30 208.75 Huron FOB -0.20 6.22 244.97 -0.55 5.20 204.81 Kent FOB -0.35 6.07 239.06 -0.65 5.10 200.88 Lamb FOB -0.35 6.07 239.06 -0.65 5.10 200.88 Mdsx FOB -0.35 -0.35 -0.30 -0.25 6.07 239.06 -0.65 5.10 200.88 FOB SW Que 0.20 6.62 260.72 -0.25 5.50 216.62 Track 0.10 6.52 256.78N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 5.15 202.84 Jhnstwn-Eth 0.30 0.30 0.35 0.25 6.72 264.65 -0.40 5.35 210.72 Aylmer-Eth -0.20 -0.20 -0.20 -0.10 6.22 244.97 -0.50 5.25 206.78 Sarn-Eth 0.05 0.00 0.05 0.05 6.47 254.81N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.45 214.66 London-Cas N/A N/A 0.10 0.15 -0.35 5.40 212.69 Pt.Colb-Cas N/A N/A N/A 0.30 -0.30 5.45 214.66 Cardnl-Cas 0.25 0.30 0.40 0.30 6.67 262.68 -0.30 5.45 214.66 W O Feed 0.20 0.21 6.62 260.72 US Rep 0.70 0.71 7.12 280.40 Toledo El. 0.08 6.50 255.98 -0.43 5.32 209.57 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.12 6.30248 1/8 -0.38 5.37211 1/2 MID SD CRN -0.32 1/2 6.09 3/4 HI SD CRN -0.30 6.12 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9948 down 0.0006 Chicago soybeans closed narrowly mixed. MAR12 HI 12.39 1/2 NOV12 HI 12.43 LOW 12.27 LOW 12.32 CLOSE12.32 Down 1 CLOSE 12.41 1/4 Up 2 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.70 11.62 426.96-0.90 11.51 423.01 CK High -0.60 11.72 430.64-0.85 11.56 424.85 CK Average -0.63 -0.5911.69 429.41-0.88-0.8611.53 423.62 Essex Cty -0.45 11.87 436.15-0.70 11.71 430.36 Mdsx Low -0.59 11.73 431.00-0.85 11.56 424.85 Mdsx High -0.55 11.77 432.47-0.84 11.57 425.22 Mdsx Average -0.57 -0.5211.75 431.74-0.85-0.8211.57 425.03 Hensall -0.60 11.72 430.64-0.85 11.56 424.85 Bruce -0.60 11.72 430.64-0.90 11.51 423.01 Putnam -0.55 11.77 432.47-0.85 11.56 424.85 Burford -0.56 11.76 432.11-0.81 11.60 426.32 Port Perry -0.62 11.70 429.90-0.87 11.54 424.11 Norfolk -0.59 11.73 431.00-0.83 11.58 425.58 Palmerston -0.60 11.72 430.64-0.90 11.51 423.01 Varna -0.65 11.67 428.80-0.85 11.56 424.85 Trenton -0.88 11.44 420.35-1.03 11.38 418.24 Winchester -0.93 11.39 418.51-0.88 11.53 423.75 North Gower -0.88 11.44 420.35-0.83 11.58 425.58 Huron FOB -0.50 11.82 434.31-0.75 11.66 428.52 Kent FOB -0.62 11.70 429.90-0.87 11.54 424.11 Lambton FOB -0.62 11.70 429.90-0.87 11.54 424.11 Middlesex FOB-0.56-0.56 N/A N/A 11.76 432.11-0.58 11.83 434.77 PROCESSORS Hamilton -0.25-0.25-0.25-0.25 12.07 443.50-0.15 12.26 450.57 Windsor -0.22-0.22-0.26-0.26 12.10 444.60-0.47 11.94 438.81 Winchester -0.83 11.49 422.19-0.78 11.63 427.42 TRANSFER Hamilton -0.29 N/A N/A N/A 12.03 442.03-0.27 12.14 446.16 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 12.17 447.17-0.05 12.36 454.24 Toledo El. -0.18 12.14 446.09-0.58 11.83 434.81 Bank of Canada Noon exchange rate was 0.9948 down 0.0006 Chicago wheat closed slightly lower. MAR12 HI 6.72 JUL12 HI 6.95 LOW 6.55 1/4 LOW 6.81 1/4 CLOSE 6.62 1/4 Down 6 1/4 CLOSE 6.84 3/4 Down 7 1/4 Minni wheat closed slightly lower. MAR12 HI 8.46 3/4 SEP12 HI 7.93 LOW 8.36 1/4 LOW 7.82 1/2 CLOSE 8.38 1/2 Down 2 1/2 CLOSE 7.83 3/4 Down 4 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.13 0.72 0.07 -0.48 CAD $/bu 6.50 7.34 6.70 7.90 CAD $/tonne 238.73 269.84 246.05 290.43 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 -0.30 N/A London -0.16 0.39 -0.11 N/A -0.06 0.44 -0.36 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 -0.17 N/A N/A N/A -0.35 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 0.43 -0.34 N/A Brigden N/A N/A N/A N/A N/A 0.43 -0.34 N/A Palmerston N/A 0.68 -0.05 -0.48 N/A 0.40 -0.26 -0.61 Varna -0.05 0.60 -0.05 N/A 0.10 0.65 -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 -0.57 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 0.08 N/A N/A N/A -0.03 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 0.37N/A N/A 0.99 0.39N/A Toledo El. 6.82US 6.80CA 6.87US 6.86CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.04 0.79 -0.16 -0.06 CAD $/bu 6.89 7.63 6.69 7.77 CAD $/tonne 253.01 280.52 245.67 285.66 (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 373.03 - 378.54 DDG's FOB Srn, Wndr, Aylm 160.00 - 178.00