FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 9 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9941 down 0.0029 Chicago corn closed slightly lower. MAR12 HI 6.52 DEC12 HI 5.77 1/4 LOW 6.32 3/4 LOW 5.64 CLOSE6.37 Down 5 1/2 CLOSE 5.68 Down 5 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 6.02 237.00 -0.65 5.03 198.02 CK High -0.30 6.07 238.97 -0.55 5.13 201.96 CK Avg -0.34 -0.31 6.03 237.32 -0.63 -0.62 5.05 198.68 Essex Cty -0.40 5.97 235.03 -0.70 4.98 196.05 Mdsx Low -0.35 6.02 237.00 -0.65 5.03 198.02 Mdsx High -0.35 6.02 237.00 -0.65 5.03 198.02 Mdsx Avg -0.35 -0.32 6.02 237.00 -0.65 -0.64 5.03 198.02 Hensall -0.38 6.00 236.01 -0.65 5.03 198.02 Bruce -0.35 6.02 237.00 -0.65 5.03 198.02 Putnam -0.35 6.02 237.00 -0.65 5.03 198.02 Burford -0.35 6.02 237.00 -0.65 5.03 198.02 Port Perry -0.35 6.02 237.00 -0.65 5.03 198.02 Norfolk -0.35 6.02 237.00 -0.65 5.03 198.02 Palmerston -0.35 6.02 237.00 -0.65 5.03 198.02 Varna -0.40 5.97 235.03 -0.60 5.08 199.99 Trenton -0.05 6.32 248.81 -0.55 5.13 201.96 Winchester -0.05 6.32 248.81 -0.50 5.18 203.93 North Gower 0.00 6.37 250.78 -0.45 5.23 205.90 Huron FOB -0.25 6.12 240.93 -0.60 5.08 199.99 Kent FOB -0.35 6.02 237.00 -0.65 5.03 198.02 Lamb FOB -0.35 6.02 237.00 -0.65 5.03 198.02 Mdsx FOB -0.35 -0.35 -0.30 -0.25 6.02 237.00 -0.65 5.03 198.02 FOB SW Que 0.20 6.57 258.65 -0.25 5.43 213.77 Track 0.08 6.45 253.73N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 5.03 198.02 Jhnstwn-Eth 0.20 0.25 0.35 0.25 6.57 258.65 -0.55 5.13 201.96 Aylmer-Eth -0.20 -0.20 -0.10 -0.10 6.17 242.90 -0.50 5.18 203.93 Sarn-Eth 0.05 0.00 0.05 0.05 6.42 252.74N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.38 211.80 London-Cas N/A N/A 0.10 0.10 -0.40 5.28 207.86 Pt.Colb-Cas N/A N/A N/A 0.20 -0.35 5.33 209.83 Cardnl-Cas 0.25 0.30 0.40 0.20 6.62 260.62 -0.35 5.33 209.83 W O Feed 0.16 0.17 6.53 257.23 US Rep 0.10 0.11 6.47 254.71 Toledo El. 0.08 6.45 253.91 -0.43 5.25 206.72 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.12 6.25246 -0.38 5.30208 2/3 MID SD CRN -0.32 1/2 6.04 1/2 HI SD CRN -0.30 6.07 *Wet Bid Bank of Canada Noon exchange rate was 0.9941 down 0.0029 Chicago soybeans closed slightly lower. MAR12 HI 12.47 1/2 NOV12 HI 12.53 1/2 LOW 12.22 3/4 LOW 12.32 1/2 CLOSE12.27 1/2 Down 4 CLOSE 12.38 1/2 Down 1 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 11.58 425.31-0.90 11.49 422.00 CK High -0.60 11.68 428.98-0.80 11.59 425.68 CK Average -0.62 -0.5711.65 428.13-0.85-0.8211.53 423.78 Essex Cty -0.48 11.80 433.39-0.73 11.66 428.25 Mdsx Low -0.64 11.64 427.51-0.89 11.50 422.37 Mdsx High -0.55 11.73 430.82-0.80 11.59 425.68 Mdsx Average -0.60 -0.5411.68 429.17-0.85-0.8211.54 424.02 Hensall -0.60 11.68 428.98-0.83 11.56 424.76 Bruce -0.60 11.68 428.98-0.85 11.54 423.84 Putnam -0.55 11.73 430.82-0.80 11.59 425.68 Burford -0.61 11.67 428.62-0.86 11.53 423.47 Port Perry -0.67 11.61 426.41-0.92 11.47 421.27 Norfolk -0.57 11.71 430.09-0.81 11.58 425.31 Palmerston -0.60 11.68 428.98-0.90 11.49 422.00 Varna -0.68 11.60 426.04-0.85 11.54 423.84 Trenton -0.80 11.48 421.63-0.90 11.49 422.00 Winchester -0.96 11.32 415.76-0.81 11.58 425.31 North Gower -0.91 11.37 417.59-0.76 11.63 427.15 Huron FOB -0.50 11.78 432.66-0.75 11.64 427.51 Kent FOB -0.61 11.67 428.62-0.86 11.53 423.47 Lambton FOB -0.61 11.67 428.62-0.86 11.53 423.47 Middlesex FOB-0.61-0.61-0.61 N/A 11.67 428.62-0.63 11.76 431.92 PROCESSORS Hamilton -0.25-0.25-0.30-0.30 12.03 441.84-0.23 12.16 446.62 Windsor -0.25-0.25-0.30-0.29 12.03 441.84-0.51 11.88 436.33 Winchester -0.86 11.42 419.43-0.71 11.68 428.98 TRANSFER Hamilton -0.25 N/A N/A N/A 12.03 441.84-0.20 12.19 447.72 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.18 12.10 444.42-0.05 12.34 453.23 Toledo El. -0.18 12.10 444.44-0.48 11.91 437.47 Bank of Canada Noon exchange rate was 0.9941 down 0.0029 Chicago wheat closed moderately lower. MAR12 HI 6.64 3/4 JUL12 HI 6.83 1/2 LOW 6.41 3/4 LOW 6.61 CLOSE 6.46 Down 14 3/4 CLOSE 6.68 Down 11 Minni wheat closed slightly lower. MAR12 HI 8.45 1/2 SEP12 HI 7.94 1/2 LOW 8.30 LOW 7.79 1/4 CLOSE 8.31 3/4 Down 9 3/4 CLOSE 7.80 1/2 Down 5 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 6.33 7.18 6.53 7.83 CAD $/tonne 232.67 263.76 239.98 287.81 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 -0.19 0.36 -0.14 N/A -0.09 0.41 -0.39 N/A Hensall -0.10 N/A -0.10 N/A 0.05 N/A -0.35 N/A Trenton N/A N/A N/A N/A N/A N/A -0.25 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.80 Essex N/A N/A -0.18 N/A N/A N/A -0.37 N/A Norwich -0.10 N/A -0.10 N/A 0.05 N/A -0.35 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 -0.10 N/A 0.05 N/A -0.35 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 0.40 -0.10 N/A 0.05 0.40 -0.35 N/A Thornton N/A N/A N/A -0.69 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 0.37N/A N/A 0.98 0.38N/A Toledo El. 6.68US 6.65CA 6.70US 6.68CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.03 0.78 -0.16 -0.07 CAD $/bu 6.71 7.46 6.52 7.74 CAD $/tonne 246.72 274.21 239.39 284.29 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 300.00 - 302.00 Bayport Oats 297.00 Bayport Barley 285.00 FOB Hm Soymeal 367.08 - 373.69 DDG's FOB Srn, Wndr, Aylm 160.00 - 178.00