FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.997 up 0.0022 Chicago corn closed narrowly mixed. MAR12 HI 6.48 3/4 DEC12 HI 5.78 LOW 6.32 LOW 5.63 3/4 CLOSE6.42 1/2 Up 1/4 CLOSE 5.73 1/2 Down 1 3/4 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 6.08 239.16 -0.65 5.09 200.19 CK High -0.30 6.13 241.13 -0.55 5.19 204.12 CK Avg -0.34 -0.32 6.08 239.49 -0.63 -0.62 5.10 200.84 Essex Cty -0.40 6.03 237.19 -0.65 5.09 200.19 Mdsx Low -0.35 6.08 239.16 -0.65 5.09 200.19 Mdsx High -0.35 6.08 239.16 -0.65 5.09 200.19 Mdsx Avg -0.35 -0.33 6.08 239.16 -0.65 -0.64 5.09 200.19 Hensall -0.38 6.05 238.18 -0.65 5.09 200.19 Bruce -0.35 6.08 239.16 -0.65 5.09 200.19 Putnam -0.35 6.08 239.16 -0.65 5.09 200.19 Burford -0.35 6.08 239.16 -0.65 5.09 200.19 Port Perry -0.35 6.08 239.16 -0.65 5.09 200.19 Norfolk -0.35 6.08 239.16 -0.65 5.09 200.19 Palmerston -0.35 6.08 239.16 -0.65 5.09 200.19 Varna -0.35 6.08 239.16 -0.60 5.14 202.16 Trenton -0.05 6.38 250.97 -0.55 5.19 204.12 Winchester -0.05 6.38 250.97 -0.50 5.24 206.09 North Gower 0.00 6.43 252.94 -0.45 5.29 208.06 Huron FOB -0.25 6.18 243.10 -0.60 5.14 202.16 Kent FOB -0.35 6.08 239.16 -0.65 5.09 200.19 Lamb FOB -0.35 6.08 239.16 -0.65 5.09 200.19 Mdsx FOB -0.35 -0.35 -0.30 -0.30 6.08 239.16 -0.65 5.09 200.19 FOB SW Que 0.20 6.63 260.81 -0.25 5.49 215.93 Track 0.10 6.53 256.88N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 5.14 202.16 Jhnstwn-Eth 0.30 0.30 0.35 0.25 6.73 264.75 -0.40 5.34 210.03 Aylmer-Eth -0.20 -0.20 -0.10 -0.10 6.23 245.07 -0.50 5.24 206.09 Sarn-Eth 0.05 0.00 0.05 0.05 6.48 254.91N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.44 213.97 London-Cas N/A N/A 0.10 0.10 -0.35 5.39 212.00 Pt.Colb-Cas N/A N/A N/A 0.20 -0.30 5.44 213.97 Cardnl-Cas 0.25 0.30 0.40 0.20 6.68 262.78 -0.30 5.44 213.97 W O Feed 0.20 0.20 6.63 260.81 US Rep 0.70 0.70 7.13 280.50 Toledo El. 0.08 6.50 256.08 -0.43 5.31 208.88 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.12 6.31248 2/9 -0.38 5.36210 4/5 MID SD CRN -0.32 1/2 6.10 HI SD CRN -0.30 6.12 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.997 up 0.0022 Chicago soybeans closed slightly lower. MAR12 HI 12.44 3/4 NOV12 HI 12.50 LOW 12.22 3/4 LOW 12.30 3/4 CLOSE12.31 1/2 Down 1/2 CLOSE 12.40 Down 1 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 11.62 426.78-0.90 11.50 422.55 CK High -0.60 11.72 430.45-0.85 11.55 424.39 CK Average -0.63 -0.5911.68 429.29-0.87-0.8511.53 423.72 Essex Cty -0.48 11.84 434.86-0.73 11.67 428.80 Mdsx Low -0.63 11.69 429.35-0.88 11.52 423.29 Mdsx High -0.55 11.77 432.29-0.80 11.60 426.23 Mdsx Average -0.59 -0.5511.73 430.82-0.84-0.8211.56 424.76 Hensall -0.60 11.72 430.45-0.83 11.58 425.31 Bruce -0.60 11.72 430.45-0.85 11.55 424.39 Putnam -0.55 11.77 432.29-0.80 11.60 426.23 Burford -0.60 11.72 430.45-0.85 11.55 424.39 Port Perry -0.66 11.66 428.25-0.91 11.49 422.19 Norfolk -0.57 11.75 431.55-0.81 11.59 425.86 Palmerston -0.60 11.72 430.45-0.90 11.50 422.55 Varna -0.65 11.67 428.62-0.85 11.55 424.39 Trenton -0.91 11.41 419.06-0.96 11.44 420.35 Winchester -0.96 11.36 417.22-0.81 11.59 425.86 North Gower -0.91 11.41 419.06-0.76 11.64 427.70 Huron FOB -0.50 11.82 434.13-0.75 11.65 428.06 Kent FOB -0.61 11.71 430.09-0.86 11.54 424.02 Lambton FOB -0.61 11.71 430.09-0.86 11.54 424.02 Middlesex FOB-0.60-0.60 N/A N/A 11.72 430.45-0.62 11.78 432.84 PROCESSORS Hamilton -0.25-0.25-0.30-0.30 12.07 443.31-0.15 12.25 450.11 Windsor -0.25-0.25-0.30-0.29 12.07 443.31-0.51 11.89 436.88 Winchester -0.83 11.49 422.00-0.78 11.62 426.96 TRANSFER Hamilton -0.25 N/A N/A N/A 12.07 443.31-0.20 12.20 448.27 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 12.17 446.99-0.05 12.35 453.78 Toledo El. -0.18 12.14 445.91-0.58 11.82 434.34 Bank of Canada Noon exchange rate was 0.997 up 0.0022 Chicago wheat closed slightly lower. MAR12 HI 6.70 JUL12 HI 6.90 1/2 LOW 6.53 LOW 6.73 CLOSE 6.60 3/4 Down 1 1/2 CLOSE 6.79 Down 5 3/4 Minni wheat closed slightly higher. MAR12 HI 8.44 1/4 SEP12 HI 7.91 1/2 LOW 8.33 LOW 7.81 CLOSE 8.41 1/2 Up 3 CLOSE 7.86 1/4 Up 2 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.12 0.73 0.08 -0.48 CAD $/bu 6.49 7.33 6.69 7.94 CAD $/tonne 238.32 269.45 245.65 291.70 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 -0.04 N/A N/A 0.45 -0.30 N/A London -0.18 0.36 -0.13 N/A -0.08 0.41 -0.38 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 -0.19 N/A N/A N/A -0.37 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 0.40 -0.36 N/A Brigden N/A N/A N/A N/A N/A 0.40 -0.36 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 0.50 -0.05 N/A 0.05 0.65 -0.30 N/A Thornton N/A N/A N/A -0.62 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 -0.05 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 0.38N/A N/A 0.99 0.39N/A Toledo El. 6.83US 6.81CA 6.81US 6.80CA 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 6.83 7.58 6.63 7.80 CAD $/tonne 250.93 278.44 243.59 286.60 (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 368.95 - 374.46 DDG's FOB Srn, Wndr, Aylm 160.00 - 178.00