FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 24 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9988 up 0.0003 Chicago corn closed narrowly mixed. MAR12 HI 6.41 1/2 DEC12 HI 5.58 1/4 LOW 6.34 1/2 LOW 5.49 1/4 CLOSE6.40 3/4 Up 1 1/4 CLOSE 5.58 Down 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 6.01 236.50 -0.70 4.88 192.12 CK High -0.30 6.11 240.44 -0.60 4.98 196.05 CK Avg -0.38 -0.38 6.03 237.23 -0.67 -0.68 4.91 193.43 Essex Cty -0.40 6.01 236.50 -0.75 4.83 190.15 Mdsx Low -0.40 6.01 236.50 -0.70 4.88 192.12 Mdsx High -0.40 6.01 236.50 -0.70 4.88 192.12 Mdsx Avg -0.40 -0.40 6.01 236.50 -0.70 -0.71 4.88 192.12 Hensall -0.40 6.01 236.50 -0.68 4.91 193.10 Bruce -0.40 6.01 236.50 -0.70 4.88 192.12 Putnam -0.40 6.01 236.50 -0.70 4.88 192.12 Burford -0.40 6.01 236.50 -0.65 4.93 194.09 Port Perry -0.40 6.01 236.50 -0.65 4.93 194.09 Norfolk -0.39 6.02 236.90 -0.65 4.93 194.09 Palmerston -0.40 6.01 236.50 -0.65 4.93 194.09 Varna -0.40 6.01 236.50 -0.65 4.93 194.09 Trenton -0.10 6.31 248.32 -0.60 4.98 196.05 Winchester N/A N/A North Gower -0.09 6.32 248.71 -0.44 5.14 202.35 Huron FOB -0.25 6.16 242.41 -0.60 4.98 196.05 Kent FOB -0.39 6.02 236.90 -0.65 4.93 194.09 Lamb FOB -0.39 6.02 236.90 -0.65 4.93 194.09 Mdsx FOB -0.35 -0.35 -0.30 -0.25 6.06 238.47 -0.65 4.93 194.09 FOB SW Que 0.10 6.51 256.19 -0.30 5.28 207.86 Track 0.03 6.43 253.24N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.93 194.09 Jhnstwn-Eth 0.20 0.25 0.35 0.20 6.61 260.13 -0.55 5.03 198.02 Aylmer-Eth N/A -0.25 -0.20 -0.20 -0.50 5.08 199.99 Sarn-Eth -0.10 -0.10 0.00 0.05 6.31 248.32N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.28 207.86 London-Cas N/A N/A 0.10 0.10 -0.40 5.18 203.93 Pt.Colb-Cas N/A N/A N/A N/A -0.35 5.23 205.90 Cardnl-Cas 0.20 0.35 0.40 0.20 6.61 260.13 -0.35 5.23 205.90 W O Feed 0.13 0.13 6.54 257.37 US Rep 0.60 0.60 7.01 275.87 Toledo El. 0.10 6.51 256.19 -0.38 5.20 204.68 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.15 6.26246 1/3 -0.40 5.18204 MID SD CRN -0.35 6.05 3/4 HI SD CRN -0.30 6.10 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9988 up 0.0003 Chicago soybeans closed slightly higher. MAR12 HI 12.84 3/4 NOV12 HI 12.74 1/2 LOW 12.72 LOW 12.65 1/4 CLOSE12.79 Up 2 1/4 CLOSE 12.70 3/4 Up 3 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.55 12.24 449.74-0.75 11.96 439.36 CK High -0.50 12.29 451.58-0.70 12.01 441.20 CK Average -0.51 -0.5112.28 451.27-0.73-0.7611.98 440.16 Essex Cty -0.42 12.37 454.52-0.57 12.14 445.98 Mdsx Low -0.52 12.27 450.85-0.70 12.01 441.20 Mdsx High -0.50 12.29 451.58-0.69 12.02 441.57 Mdsx Average -0.51 -0.5112.28 451.21-0.70-0.7212.01 441.38 Hensall -0.50 12.29 451.58-0.73 11.98 440.28 Bruce -0.50 12.29 451.58-0.75 11.96 439.36 Putnam -0.50 12.29 451.58-0.70 12.01 441.20 Burford -0.46 12.33 453.05-0.63 12.08 443.77 Port Perry -0.55 12.24 449.74-0.72 11.99 440.47 Norfolk -0.46 12.33 453.05-0.65 12.06 443.04 Palmerston -0.50 12.29 451.58-0.80 11.91 437.53 Varna -0.50 12.29 451.58-0.75 11.96 439.36 Trenton -0.75 12.04 442.39-0.85 11.86 435.69 Winchester N/A N/A North Gower -0.77 12.02 441.66-0.70 12.01 441.20 Huron FOB -0.35 12.44 457.09-0.65 12.06 443.04 Kent FOB -0.50 12.29 451.58-0.70 12.01 441.20 Lambton FOB -0.50 12.29 451.58-0.70 12.01 441.20 Middlesex FOB-0.51-0.51-0.46 N/A 12.28 451.21-0.49 12.22 448.92 PROCESSORS Hamilton -0.20-0.20-0.20-0.20 12.59 462.60-0.15 12.56 461.41 Windsor -0.20-0.20-0.25-0.24 12.59 462.60-0.34 12.37 454.43 Winchester -0.65 12.14 446.07-0.65 12.06 443.04 TRANSFER Hamilton -0.10 N/A N/A N/A 12.69 466.28-0.20 12.51 459.57 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 12.69 466.280.10 12.81 470.60 Toledo El. -0.13 12.66 465.17-0.38 12.33 452.93 Bank of Canada Noon exchange rate was 0.9988 up 0.0003 Chicago wheat closed narrowly mixed. MAY12 HI 6.42 3/4 JUL12 HI 6.54 1/2 LOW 6.32 1/2 LOW 6.43 1/2 CLOSE 6.41 1/4 Up 1/4 CLOSE 6.53 Down 2 Minni wheat closed slightly to moderately lower. MAY12 HI 8.06 1/2 SEP12 HI 7.84 1/2 LOW 7.88 1/2 LOW 7.73 CLOSE 7.92 1/2 Down 10 3/4 CLOSE 7.81 Down 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 -0.10 0.75 0.10 -0.50 CAD $/bu 6.31 7.16 6.51 7.43 CAD $/tonne 231.97 263.20 239.32 272.85 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 0.50 -0.13 N/A N/A 0.37 -0.38 N/A London -0.10 0.45 -0.13 N/A 0.03 0.43 -0.37 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 N/A Essex N/A N/A -0.25 N/A N/A N/A -0.45 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 -0.45 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 -0.32 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 0.25 N/A N/A N/A -0.38 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. 6.50US 6.50CA 6.55US 6.56CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.11 0.77 -0.09 -0.28 CAD $/bu 6.64 7.30 6.44 7.53 CAD $/tonne 244.15 268.08 236.78 276.55 (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 386.04 DDG's FOB Srn, Wndr, Aylm 165.00 - 190.00