FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 27 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9983 down 0.0005 Chicago corn closed mixed. MAR12 HI 6.45 3/4 DEC12 HI 5.59 1/2 LOW 6.33 LOW 5.51 1/4 CLOSE6.44 1/2 Up 3 3/4 CLOSE 5.57 Down 1 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 6.05 237.98 -0.70 4.87 191.72 CK High -0.39 6.06 238.37 -0.65 4.92 193.69 CK Avg -0.40 -0.39 6.05 238.05 -0.69 -0.70 4.88 192.05 Essex Cty -0.36 6.09 239.56 -0.75 4.82 189.76 Mdsx Low -0.40 6.05 237.98 -0.70 4.87 191.72 Mdsx High -0.40 6.05 237.98 -0.70 4.87 191.72 Mdsx Avg -0.40 -0.40 6.05 237.98 -0.70 -0.71 4.87 191.72 Hensall -0.40 6.05 237.98 -0.68 4.90 192.71 Bruce -0.40 6.05 237.98 -0.70 4.87 191.72 Putnam -0.40 6.05 237.98 -0.70 4.87 191.72 Burford -0.40 6.05 237.98 -0.70 4.87 191.72 Port Perry -0.40 6.05 237.98 -0.70 4.87 191.72 Norfolk -0.39 6.06 238.37 -0.65 4.92 193.69 Palmerston -0.40 6.05 237.98 -0.65 4.92 193.69 Varna -0.40 6.05 237.98 -0.65 4.92 193.69 Trenton -0.10 6.35 249.79 -0.60 4.97 195.66 Winchester N/A N/A North Gower -0.21 6.24 245.46 -0.62 4.95 194.87 Huron FOB -0.25 6.20 243.89 -0.60 4.97 195.66 Kent FOB -0.39 6.06 238.37 -0.65 4.92 193.69 Lamb FOB -0.39 6.06 238.37 -0.65 4.92 193.69 Mdsx FOB -0.35 -0.35 -0.30 -0.25 6.10 239.95 -0.65 4.92 193.69 FOB SW Que 0.10 6.55 257.67 -0.30 5.27 207.47 Track 0.00 6.45 253.73N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.92 193.69 Jhnstwn-Eth 0.20 0.25 0.35 0.20 6.65 261.60 -0.55 5.02 197.63 Aylmer-Eth N/A -0.25 -0.20 -0.20 -0.50 5.07 199.60 Sarn-Eth -0.10 -0.10 0.00 0.05 6.35 249.79N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.27 207.47 London-Cas N/A N/A 0.10 0.10 -0.40 5.17 203.53 Pt.Colb-Cas N/A N/A N/A N/A -0.35 5.22 205.50 Cardnl-Cas 0.20 0.35 0.40 0.20 6.65 261.60 -0.35 5.22 205.50 W O Feed 0.15 0.15 6.59 259.55 US Rep 0.60 0.60 7.05 277.35 Toledo El. 0.10 6.54 257.66 -0.38 5.19 204.30 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.15 6.30247 5/6 -0.40 5.17203 1/2 MID SD CRN -0.39 1/2 6.05 HI SD CRN -0.39 6.05 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9983 down 0.0005 Chicago soybeans closed slightly to moderately higher. MAR12 HI 12.95 NOV12 HI 12.83 LOW 12.76 1/2 LOW 12.67 1/4 CLOSE12.93 3/4 Up 14 3/4 CLOSE 12.81 1/4 Up 10 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY12 CK Low -0.56 12.38 454.80-0.75 12.06 443.22 CK High -0.45 12.49 458.84-0.65 12.16 446.90 CK Average -0.49 -0.4812.45 457.43-0.69-0.7112.12 445.49 Essex Cty -0.44 12.50 459.20-0.58 12.23 449.47 Mdsx Low -0.57 12.37 454.43-0.70 12.11 445.06 Mdsx High -0.45 12.49 458.84-0.65 12.16 446.90 Mdsx Average -0.51 -0.5012.43 456.63-0.68-0.6912.14 445.98 Hensall -0.45 12.49 458.84-0.68 12.14 445.98 Bruce -0.50 12.44 457.00-0.75 12.06 443.22 Putnam -0.50 12.44 457.00-0.70 12.11 445.06 Burford -0.54 12.40 455.53-0.67 12.14 446.16 Port Perry -0.60 12.34 453.33-0.73 12.08 443.96 Norfolk -0.43 12.51 459.57-0.62 12.19 448.00 Palmerston -0.50 12.44 457.00-0.75 12.06 443.22 Varna -0.50 12.44 457.00-0.75 12.06 443.22 Trenton -0.73 12.21 448.55-0.83 11.98 440.28 Winchester N/A N/A North Gower -0.68 12.26 450.39-0.56 12.25 450.20 Huron FOB -0.30 12.64 464.35-0.60 12.21 448.73 Kent FOB -0.47 12.47 458.10-0.67 12.14 446.16 Lambton FOB -0.47 12.47 458.10-0.67 12.14 446.16 Middlesex FOB-0.57-0.57-0.49 N/A 12.37 454.43-0.54 12.27 450.94 PROCESSORS Hamilton -0.15-0.15-0.20-0.20 12.79 469.86-0.10 12.71 467.10 Windsor -0.21-0.21-0.26-0.26 12.73 467.66-0.36 12.45 457.55 Winchester -0.65 12.29 451.49-0.70 12.11 445.06 TRANSFER Hamilton -0.12 N/A N/A N/A 12.82 470.96-0.20 12.61 463.43 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 12.84 471.700.10 12.91 474.45 Toledo El. -0.13 12.81 470.60-0.38 12.43 456.80 Bank of Canada Noon exchange rate was 0.9983 down 0.0005 Chicago wheat closed moderately higher. MAY12 HI 6.54 1/2 JUL12 HI 6.65 LOW 6.33 LOW 6.45 CLOSE 6.52 3/4 Up 11 1/2 CLOSE 6.63 1/2 Up 10 1/2 Minni wheat closed slightly higher. MAY12 HI 8.00 3/4 SEP12 HI 7.87 3/4 LOW 7.81 1/4 LOW 7.71 1/2 CLOSE 7.98 3/4 Up 6 1/4 CLOSE 7.86 1/2 Up 5 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 0.74 0.10 -0.51 CAD $/bu 6.42 7.27 6.62 7.48 CAD $/tonne 236.00 267.22 243.35 274.93 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 -0.17 N/A N/A 0.37 -0.38 N/A London -0.12 0.43 -0.17 N/A -0.37 0.44 -0.37 N/A Hensall -0.14 N/A -0.14 N/A 0.00 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 N/A Essex N/A N/A -0.26 N/A N/A N/A -0.45 N/A Norwich -0.14 N/A -0.14 N/A 0.00 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 -0.14 N/A -0.14 N/A 0.00 N/A -0.35 N/A Chatham N/A N/A N/A N/A N/A 0.39 -0.36 N/A Brigden N/A N/A N/A N/A N/A 0.39 -0.36 N/A Palmerston N/A 0.67 -0.11 -0.47 N/A 0.53 -0.27 -0.71 Varna -0.14 0.46 -0.14 N/A 0.00 0.55 -0.35 N/A Mitchell -0.14 0.51 -0.14 N/A 0.00 0.55 -0.35 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 0.20 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 0.36N/A N/A 1.01 0.41N/A Toledo El. 6.57US 6.56CA 6.66US 6.66CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.11 0.76 -0.09 -0.29 CAD $/bu 6.74 7.39 6.54 7.57 CAD $/tonne 247.79 271.71 240.43 278.33 (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 400.81 DDG's FOB Srn, Wndr, Aylm 165.00 - 195.00