FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 1 up 0.0045 Chicago corn closed slightly to moderately higher. MAR12 HI 6.39 1/2 DEC12 HI 5.66 1/2 LOW 6.25 3/4 LOW 5.60 CLOSE6.38 1/4 Up 8 3/4 CLOSE 5.64 1/2 Up 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 -0.40 5.98 235.52 -0.65 5.00 196.64 CK High -0.30 6.08 239.46 -0.60 5.05 198.61 CK Avg -0.38 -0.38 6.00 236.24 -0.64 -0.65 5.00 196.97 Essex Cty -0.40 5.98 235.52 -0.75 4.90 192.71 Mdsx Low -0.40 5.98 235.52 -0.65 5.00 196.64 Mdsx High -0.40 5.98 235.52 -0.65 5.00 196.64 Mdsx Avg -0.40 -0.40 5.98 235.52 -0.65 -0.66 5.00 196.64 Hensall -0.40 5.98 235.52 -0.65 5.00 196.64 Bruce -0.40 5.98 235.52 -0.65 5.00 196.64 Putnam -0.40 5.98 235.52 -0.65 5.00 196.64 Burford -0.40 5.98 235.52 -0.65 5.00 196.64 Port Perry -0.40 5.98 235.52 -0.65 5.00 196.64 Norfolk -0.39 5.99 235.91 -0.65 5.00 196.64 Palmerston -0.40 5.98 235.52 -0.65 5.00 196.64 Varna -0.40 5.98 235.52 -0.65 5.00 196.64 Trenton -0.10 6.28 247.33 -0.60 5.05 198.61 Winchester -0.05 6.33 249.30 -0.50 5.15 202.55 North Gower -0.09 6.29 247.72 -0.44 5.21 204.91 Huron FOB -0.25 6.13 241.43 -0.60 5.05 198.61 Kent FOB -0.39 5.99 235.91 -0.65 5.00 196.64 Lamb FOB -0.39 5.99 235.91 -0.65 5.00 196.64 Mdsx FOB -0.35 -0.35 -0.25 -0.25 6.03 237.49 -0.65 5.00 196.64 FOB SW Que 0.15 6.53 257.17 -0.35 5.30 208.45 Track 0.03 6.41 252.25N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 5.00 196.64 Jhnstwn-Eth 0.20 0.25 0.35 0.25 6.58 259.14 -0.55 5.10 200.58 Aylmer-Eth N/A -0.25 -0.20 -0.20 -0.50 5.15 202.55 Sarn-Eth -0.10 -0.10 0.00 0.05 6.28 247.33N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.35 210.42 London-Cas N/A N/A 0.10 0.10 -0.40 5.25 206.49 Pt.Colb-Cas N/A N/A N/A 0.20 -0.35 5.30 208.45 Cardnl-Cas 0.20 0.35 0.40 0.20 6.58 259.14 -0.35 5.30 208.45 W O Feed 0.13 0.13 6.51 256.39 US Rep 0.60 0.60 6.98 274.89 Toledo El. 0.10 6.48 255.20 -0.38 5.26 207.24 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.15 6.23245 1/3 -0.40 5.25206 1/2 MID SD CRN -0.35 6.03 1/4 HI SD CRN -0.30 6.08 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1 up 0.0045 Chicago soybeans closed slightly higher. MAR12 HI 12.72 1/4 NOV12 HI 12.64 LOW 12.61 1/2 LOW 12.52 1/2 CLOSE12.72 1/4 Up 1 1/4 CLOSE 12.64 Up 1 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.55 12.17 447.26-0.76 11.88 436.52 CK High -0.48 12.24 449.83-0.70 11.94 438.72 CK Average -0.51 -0.5112.22 448.92-0.74-0.7711.90 437.25 Essex Cty -0.41 12.31 452.41-0.53 12.11 444.97 Mdsx Low -0.54 12.18 447.63-0.73 11.91 437.62 Mdsx High -0.50 12.22 449.10-0.70 11.94 438.72 Mdsx Average -0.52 -0.5212.20 448.37-0.72-0.7411.93 438.17 Hensall -0.50 12.22 449.10-0.73 11.92 437.80 Bruce -0.50 12.22 449.10-0.75 11.89 436.88 Putnam -0.50 12.22 449.10-0.70 11.94 438.72 Burford -0.47 12.25 450.20-0.66 11.98 440.19 Port Perry -0.57 12.15 446.53-0.76 11.88 436.52 Norfolk -0.44 12.28 451.30-0.68 11.96 439.45 Palmerston -0.55 12.17 447.26-0.80 11.84 435.05 Varna -0.55 12.17 447.26-0.85 11.79 433.21 Trenton -0.75 11.97 439.91-0.80 11.84 435.05 Winchester -0.88 11.84 435.14-0.74 11.90 437.25 North Gower -0.90 11.82 434.40-0.79 11.85 435.41 Huron FOB -0.35 12.37 454.61-0.65 11.99 440.56 Kent FOB -0.48 12.24 449.83-0.73 11.91 437.62 Lambton FOB -0.48 12.24 449.83-0.73 11.91 437.62 Middlesex FOB-0.51-0.46-0.51 N/A 12.21 448.73-0.55 12.09 444.23 PROCESSORS Hamilton -0.20-0.20-0.20-0.20 12.52 460.12-0.10 12.54 460.77 Windsor -0.19-0.19-0.24-0.23 12.53 460.49-0.30 12.34 453.42 Winchester -0.85 11.87 436.24-0.07 12.57 461.87 TRANSFER Hamilton -0.10 N/A N/A N/A 12.62 463.80-0.10 12.54 460.77 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 12.62 463.800.10 12.74 468.11 Toledo El. -0.13 12.59 462.70-0.38 12.26 450.45 Bank of Canada Noon exchange rate was 1 up 0.0045 Chicago wheat closed slightly to moderately higher. MAR12 HI 6.45 3/4 JUL12 HI 6.62 LOW 6.28 1/2 LOW 6.47 1/2 CLOSE 6.44 1/2 Up 11 1/2 CLOSE 6.60 Up 8 1/2 Minni wheat closed slightly higher. MAR12 HI 8.21 SEP12 HI 7.93 1/4 LOW 8.11 1/2 LOW 7.78 CLOSE 8.18 1/4 Up 1 1/2 CLOSE 7.92 1/4 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 6.35 7.20 6.55 7.73 CAD $/tonne 233.14 264.37 240.49 284.12 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 0.44 -0.12 N/A N/A 0.40 -0.42 N/A London -0.10 0.45 -0.15 N/A 0.00 0.40 -0.40 N/A Hensall -0.10 N/A -0.15 N/A 0.00 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 -0.25 N/A N/A N/A -0.43 N/A Norwich -0.10 N/A -0.15 N/A 0.00 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 0.00 N/A -0.40 N/A Chatham N/A N/A N/A N/A N/A 0.37 -0.38 N/A Brigden N/A N/A N/A N/A N/A 0.37 -0.38 N/A Palmerston N/A 0.69 -0.09 -0.47 N/A 0.51 -0.29 -0.73 Varna -0.15 0.50 -0.15 N/A 0.00 0.55 -0.35 N/A Mitchell -0.10 0.50 -0.15 N/A 0.00 0.55 -0.40 N/A Thornton N/A N/A N/A -0.56 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 -0.37 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 1.02 0.42N/A Toledo El. 6.62US 6.62CA 6.62US 6.64CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.07 0.82 -0.14 -0.03 CAD $/bu 6.67 7.42 6.46 7.89 CAD $/tonne 244.91 272.53 237.54 289.93 (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 315.00 Bayport Barley 295.00 FOB Hm Soymeal 382.29 DDG's FOB Srn, Wndr, Aylm 165.00 - 190.00