FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 13 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9996 down 0.0020 Chicago corn closed moderately higher. MAR12 HI 6.43 1/2 DEC12 HI 5.68 1/2 LOW 6.32 3/4 LOW 5.60 1/4 CLOSE6.39 1/2 Up 7 3/4 CLOSE 5.67 Up 7 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 6.05 237.98 -0.65 5.02 197.63 CK High -0.30 6.10 239.95 -0.55 5.12 201.57 CK Avg -0.34 -0.34 6.05 238.31 -0.63 -0.64 5.04 198.28 Essex Cty -0.40 6.00 236.01 -0.70 4.97 195.66 Mdsx Low -0.35 6.05 237.98 -0.65 5.02 197.63 Mdsx High -0.35 6.05 237.98 -0.65 5.02 197.63 Mdsx Avg -0.35 -0.35 6.05 237.98 -0.65 -0.66 5.02 197.63 Hensall -0.38 6.02 237.00 -0.65 5.02 197.63 Bruce -0.35 6.05 237.98 -0.65 5.02 197.63 Putnam -0.35 6.05 237.98 -0.65 5.02 197.63 Burford -0.35 6.05 237.98 -0.65 5.02 197.63 Port Perry -0.35 6.05 237.98 -0.65 5.02 197.63 Norfolk -0.35 6.05 237.98 -0.65 5.02 197.63 Palmerston -0.35 6.05 237.98 -0.65 5.02 197.63 Varna -0.40 6.00 236.01 -0.65 5.02 197.63 Trenton -0.05 6.35 249.79 -0.55 5.12 201.57 Winchester -0.05 6.35 249.79 -0.50 5.17 203.53 North Gower -0.09 6.31 248.22 0.06 5.73 225.58 Huron FOB -0.25 6.15 241.92 -0.60 5.07 199.60 Kent FOB -0.35 6.05 237.98 -0.65 5.02 197.63 Lamb FOB -0.35 6.05 237.98 -0.65 5.02 197.63 Mdsx FOB -0.35 -0.35 -0.25 -0.25 6.05 237.98 -0.65 5.02 197.63 FOB SW Que 0.15 6.55 257.67 -0.30 5.37 211.41 Track 0.05 6.45 253.73N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 5.02 197.63 Jhnstwn-Eth 0.20 0.25 0.35 0.25 6.60 259.63 -0.55 5.12 201.57 Aylmer-Eth N/A -0.25 -0.20 -0.20 -0.50 5.17 203.53 Sarn-Eth 0.00 -0.05 0.00 0.05 6.40 251.76N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.37 211.41 London-Cas N/A N/A 0.10 0.10 -0.40 5.27 207.47 Pt.Colb-Cas N/A N/A N/A 0.20 -0.35 5.32 209.44 Cardnl-Cas 0.25 0.30 0.40 0.20 6.65 261.60 -0.35 5.32 209.44 W O Feed 0.16 0.16 6.56 258.22 US Rep 0.10 0.10 6.50 255.70 Toledo El. 0.08 6.47 254.91 -0.38 5.29 208.24 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.16 6.24245 1/2 -0.38 5.29208 1/4 MID SD CRN -0.32 1/2 6.071 HI SD CRN -0.30 6.09 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9996 down 0.0020 Chicago soybeans closed moderately higher. MAR12 HI 12.54 NOV12 HI 12.59 3/4 LOW 12.32 LOW 12.42 1/2 CLOSE12.52 Up 23 CLOSE 12.59 Up 19 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.60 11.92 437.99-0.85 11.74 431.37 CK High -0.51 12.01 441.29-0.69 11.90 437.25 CK Average -0.55 -0.5511.97 439.76-0.78-0.8011.81 433.82 Essex Cty -0.37 12.15 446.44-0.67 11.92 437.99 Mdsx Low -0.58 11.94 438.72-0.83 11.76 432.11 Mdsx High -0.50 12.02 441.66-0.75 11.84 435.05 Mdsx Average -0.54 -0.5411.98 440.19-0.79-0.8111.80 433.58 Hensall -0.55 11.97 439.82-0.78 11.82 434.13 Bruce -0.55 11.97 439.82-0.80 11.79 433.21 Putnam -0.50 12.02 441.66-0.75 11.84 435.05 Burford -0.55 11.97 439.82-0.80 11.79 433.21 Port Perry -0.61 11.91 437.62-0.86 11.73 431.00 Norfolk -0.47 12.05 442.76-0.76 11.83 434.68 Palmerston -0.60 11.92 437.99-0.80 11.79 433.21 Varna -0.65 11.87 436.15-0.85 11.74 431.37 Trenton -0.75 11.77 432.47-0.85 11.74 431.37 Winchester -0.90 11.62 426.96-0.75 11.84 435.05 North Gower -0.40 12.12 445.33-0.72 11.87 436.15 Huron FOB -0.45 12.07 443.50-0.70 11.89 436.88 Kent FOB -0.51 12.01 441.29-0.81 11.78 432.84 Lambton FOB -0.51 12.01 441.29-0.81 11.78 432.84 Middlesex FOB-0.55-0.55 N/A N/A 11.97 439.82-0.57 12.02 441.66 PROCESSORS Hamilton -0.20-0.20-0.20-0.20 12.32 452.68-0.13 12.46 457.83 Windsor -0.14-0.19-0.23-0.23 12.38 454.89-0.44 12.15 446.44 Winchester -0.65 11.87 436.15-0.40 12.19 447.91 TRANSFER Hamilton -0.20 N/A N/A N/A 12.32 452.68-0.15 12.44 457.09 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 12.42 456.360.05 12.64 464.44 Toledo El. -0.18 12.34 453.42-0.38 12.21 448.62 Bank of Canada Noon exchange rate was 0.9996 down 0.0020 Chicago wheat closed slightly to moderately higher. MAR12 HI 6.42 1/4 JUL12 HI 6.59 1/2 LOW 6.31 1/4 LOW 6.46 1/2 CLOSE 6.41 1/4 Up 11 1/4 CLOSE 6.57 1/4 Up 8 3/4 Minni wheat closed slightly higher. MAR12 HI 8.24 SEP12 HI 7.73 LOW 8.14 LOW 7.62 CLOSE 8.16 Up 1 3/4 CLOSE 7.69 3/4 Up 7 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 6.31 7.16 6.51 7.71 CAD $/tonne 231.88 263.10 239.22 283.21 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 -0.02 N/A N/A 0.44 -0.30 N/A London -0.11 0.44 -0.06 N/A -0.01 0.44 -0.36 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 -0.50 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.80 Essex N/A N/A -0.15 N/A N/A N/A -0.33 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 0.42 -0.34 N/A Brigden N/A N/A N/A N/A N/A 0.42 -0.34 N/A Palmerston N/A 0.70 -0.04 -0.44 N/A 0.42 -0.24 -0.58 Varna -0.05 0.60 -0.05 N/A 0.10 0.65 -0.25 N/A Mitchell -0.10 0.50 -0.10 N/A 0.05 0.55 -0.35 N/A Thornton N/A N/A N/A -0.54 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 0.40N/A N/A 1.01 0.41N/A Toledo El. 6.63US 6.63CA 6.59US 6.60CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.06 0.81 -0.14 -0.04 CAD $/bu 6.63 7.38 6.43 7.66 CAD $/tonne 243.70 271.30 236.34 281.42 (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 314.00 Bayport Barley 295.00 FOB Hm Soymeal 378.65 - 384.16 DDG's FOB Srn, Wndr, Aylm 160.00 - 185.00