FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 17 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.997 up 0.0008 Chicago corn closed slightly higher. MAR12 HI 6.46 3/4 DEC12 HI 5.73 1/4 LOW 6.35 1/4 LOW 5.65 CLOSE6.41 3/4 Up 5 1/2 CLOSE 5.68 1/4 Up 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 -0.40 6.02 236.90 -0.65 5.03 198.12 CK High -0.35 6.07 238.87 -0.65 5.03 198.12 CK Avg -0.39 -0.37 6.03 237.29 -0.65 -0.64 5.03 198.12 Essex Cty -0.40 6.02 236.90 -0.75 4.93 194.18 Mdsx Low -0.40 6.02 236.90 -0.65 5.03 198.12 Mdsx High -0.40 6.02 236.90 -0.65 5.03 198.12 Mdsx Avg -0.40 -0.38 6.02 236.90 -0.65 -0.64 5.03 198.12 Hensall -0.40 6.02 236.90 -0.65 5.03 198.12 Bruce -0.40 6.02 236.90 -0.65 5.03 198.12 Putnam -0.40 6.02 236.90 -0.65 5.03 198.12 Burford -0.40 6.02 236.90 -0.65 5.03 198.12 Port Perry -0.40 6.02 236.90 -0.65 5.03 198.12 Norfolk -0.39 6.03 237.29 -0.65 5.03 198.12 Palmerston -0.40 6.02 236.90 -0.65 5.03 198.12 Varna -0.40 6.02 236.90 -0.65 5.03 198.12 Trenton -0.10 6.32 248.71 -0.60 5.08 200.09 Winchester -0.05 6.37 250.68 -0.50 5.18 204.03 North Gower -0.13 6.29 247.53 0.01 5.69 224.10 Huron FOB -0.25 6.17 242.80 -0.60 5.08 200.09 Kent FOB -0.39 6.03 237.29 -0.65 5.03 198.12 Lamb FOB -0.39 6.03 237.29 -0.65 5.03 198.12 Mdsx FOB -0.35 -0.35 -0.25 -0.25 6.07 238.87 -0.65 5.03 198.12 FOB SW Que 0.15 6.57 258.55 -0.35 5.33 209.93 Track 0.03 6.44 253.63N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 5.03 198.12 Jhnstwn-Eth 0.20 0.25 0.35 0.25 6.62 260.52 -0.55 5.13 202.06 Aylmer-Eth N/A -0.25 -0.20 -0.20 -0.50 5.18 204.03 Sarn-Eth -0.10 -0.10 0.00 0.05 6.32 248.71N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.38 211.90 London-Cas N/A N/A 0.10 0.10 -0.40 5.28 207.96 Pt.Colb-Cas N/A N/A N/A 0.20 -0.35 5.33 209.93 Cardnl-Cas 0.20 0.35 0.40 0.20 6.62 260.52 -0.35 5.33 209.93 W O Feed 0.14 0.14 6.56 258.16 US Rep 0.60 0.60 7.02 276.27 Toledo El. 0.10 6.52 256.57 -0.38 5.30 208.78 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.15 6.27246 3/4 -0.40 5.28208 MID SD CRN -0.37 1/2 6.04 1/4 HI SD CRN -0.35 6.06 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.997 up 0.0008 Chicago soybeans closed slightly higher. MAR12 HI 12.73 1/4 NOV12 HI 12.66 1/4 LOW 12.56 1/4 LOW 12.52 1/4 CLOSE12.67 1/2 Up 9 1/4 CLOSE 12.62 Up 6 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.59 12.09 444.05-0.82 11.80 433.58 CK High -0.55 12.13 445.52-0.73 11.89 436.88 CK Average -0.56 -0.5212.11 445.09-0.79-0.7711.83 434.62 Essex Cty -0.45 12.23 449.19-0.56 12.06 443.13 Mdsx Low -0.58 12.10 444.42-0.80 11.82 434.31 Mdsx High -0.55 12.13 445.52-0.75 11.87 436.15 Mdsx Average -0.57 -0.5212.11 444.97-0.78-0.7511.85 435.23 Hensall -0.55 12.13 445.52-0.78 11.85 435.23 Bruce -0.55 12.13 445.52-0.80 11.82 434.31 Putnam -0.55 12.13 445.52-0.80 11.82 434.31 Burford -0.51 12.17 446.99-0.73 11.89 436.88 Port Perry -0.61 12.07 443.31-0.83 11.79 433.21 Norfolk -0.51 12.17 446.99-0.75 11.87 436.15 Palmerston -0.60 12.08 443.68-0.80 11.82 434.31 Varna -0.65 12.03 441.84-0.85 11.77 432.47 Trenton -0.80 11.88 436.33-0.90 11.72 430.64 Winchester -0.95 11.73 430.82-0.80 11.82 434.31 North Gower -0.61 12.07 443.31-0.81 11.81 433.94 Huron FOB -0.40 12.28 451.03-0.70 11.92 437.99 Kent FOB -0.55 12.13 445.52-0.80 11.82 434.31 Lambton FOB -0.55 12.13 445.52-0.80 11.82 434.31 Middlesex FOB-0.58-0.54-0.55 N/A 12.10 444.42-0.60 12.02 441.66 PROCESSORS Hamilton -0.25-0.25-0.30-0.30 12.43 456.54-0.15 12.47 458.19 Windsor -0.22-0.17-0.27-0.26 12.46 457.64-0.34 12.28 451.21 Winchester -0.77 11.91 437.43-0.62 12.00 440.92 TRANSFER Hamilton -0.17 N/A N/A N/A 12.51 459.48-0.15 12.47 458.19 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 12.53 460.210.05 12.67 465.54 Toledo El. -0.13 12.55 460.97-0.38 12.24 449.77 Bank of Canada Noon exchange rate was 0.997 up 0.0008 Chicago wheat closed moderately higher. MAR12 HI 6.46 3/4 JUL12 HI 6.60 3/4 LOW 6.25 3/4 LOW 6.44 3/4 CLOSE 6.44 Up 15 1/4 CLOSE 6.59 3/4 Up 11 3/4 Minni wheat closed mixed. MAR12 HI 8.27 1/2 SEP12 HI 7.94 3/4 LOW 8.16 LOW 7.84 1/2 CLOSE 8.22 1/4 Up 4 1/2 CLOSE 7.90 1/4 Down 6 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.12 0.72 0.08 -0.48 CAD $/bu 6.32 7.16 6.52 7.75 CAD $/tonne 232.14 263.27 239.47 284.59 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 0.47 -0.09 N/A N/A 0.43 -0.39 N/A London -0.12 0.43 -0.17 N/A -0.02 0.38 -0.42 N/A Hensall -0.10 N/A -0.15 N/A 0.05 N/A -0.40 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 -0.27 N/A N/A N/A -0.45 N/A Norwich -0.10 N/A -0.15 N/A 0.05 N/A -0.40 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 -0.15 N/A 0.05 N/A -0.40 N/A Chatham N/A N/A N/A N/A N/A 0.40 -0.42 N/A Brigden N/A N/A N/A N/A N/A 0.40 -0.42 N/A Palmerston N/A 0.66 -0.07 -0.48 N/A 0.38 -0.27 -0.76 Varna -0.10 0.55 -0.10 N/A 0.05 0.60 -0.30 N/A Mitchell -0.10 0.50 -0.15 N/A 0.05 0.55 -0.40 N/A Thornton N/A N/A N/A -0.65 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 0.30 N/A N/A N/A -0.04 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. 6.61US 6.59CA 6.62US 6.61CA 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 6.64 7.38 6.44 7.84 CAD $/tonne 243.84 271.35 236.50 288.04 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 300.00 - 312.00 Bayport Oats 314.00 Bayport Barley 295.00 FOB Hm Soymeal 383.72 DDG's FOB Srn, Wndr, Aylm 160.00 - 185.00