FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 29 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9899 down 0.0057 Chicago corn closed slightly higher. MAY12 HI 6.61 1/2 DEC12 HI 5.69 3/4 LOW 6.53 1/4 LOW 5.61 CLOSE6.58 Up 3/4 CLOSE 5.68 1/2 Up 5 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY12+JUL12+JUL12 CK Low -0.45 6.13 241.33 -0.70 4.99 196.25 CK High -0.39 6.19 243.69 -0.65 5.04 198.22 CK Avg -0.43 -0.36 6.15 242.05 -0.69 -0.64 4.99 196.58 Essex Cty -0.40 6.18 243.30 -0.80 4.89 192.31 Mdsx Low -0.45 6.13 241.33 -0.70 4.99 196.25 Mdsx High -0.45 6.13 241.33 -0.70 4.99 196.25 Mdsx Avg -0.45 -0.38 6.13 241.33 -0.70 -0.65 4.99 196.25 Hensall -0.43 6.16 242.31 -0.68 5.01 197.23 Bruce -0.45 6.13 241.33 -0.70 4.99 196.25 Putnam -0.45 6.13 241.33 -0.70 4.99 196.25 Burford -0.45 6.13 241.33 -0.70 4.99 196.25 Port Perry -0.45 6.13 241.33 -0.70 4.99 196.25 Norfolk -0.39 6.19 243.69 -0.70 4.99 196.25 Palmerston -0.40 6.18 243.30 -0.65 5.04 198.22 Varna -0.40 6.18 243.30 -0.65 5.04 198.22 Trenton -0.15 6.43 253.14 -0.65 5.04 198.22 Winchester N/A N/A North Gower -0.18 6.40 251.96 -0.68 5.01 197.04 Huron FOB -0.35 6.23 245.26 -0.60 5.09 200.19 Kent FOB -0.39 6.19 243.69 -0.70 4.99 196.25 Lamb FOB -0.39 6.19 243.69 -0.70 4.99 196.25 Mdsx FOB -0.40 -0.35 -0.30 -0.30 6.18 243.30 -0.65 5.04 198.22 FOB SW Que 0.00 6.58 259.04 -0.40 5.29 208.06 Track -0.03 6.56 258.06N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 5.04 198.22 Jhnstwn-Eth 0.20 0.25 0.30 0.35 6.78 266.92 -0.55 5.14 202.16 Aylmer-Eth -0.25 -0.20 -0.20 -0.15 6.33 249.20 -0.50 5.19 204.12 Sarn-Eth -0.10 0.00 0.05 0.05 6.48 255.11N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.39 212.00 London-Cas N/A 0.00 0.10 0.10 -0.40 5.29 208.06 Pt.Colb-Cas N/A N/A N/A 0.20 -0.35 5.34 210.03 Cardnl-Cas 0.25 0.30 0.20 0.20 6.83 268.89 -0.35 5.34 210.03 W O Feed 0.15 0.16 6.73 264.87 US Rep 0.70 0.71 7.28 286.60 Toledo El. 0.10 6.68 262.94 -0.38 5.31 208.98 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.19 6.39251 4/7 -0.47 5.22205 1/3 MID SD CRN -0.42 6.16 HI SD CRN -0.39 6.19 *Wet Bid Bank of Canada Noon exchange rate was 0.9899 down 0.0057 Chicago soybeans closed slightly higher. MAY12 HI 13.24 1/4 NOV12 HI 12.93 3/4 LOW 13.08 LOW 12.82 1/2 CLOSE13.20 Up 7 1/2 CLOSE 12.89 Up 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.75 12.45 457.46-0.87 12.02 441.66 CK High -0.70 12.50 459.30-0.80 12.09 444.23 CK Average -0.73 -0.5912.47 458.19-0.84-0.7212.06 442.95 Essex Cty -0.61 12.59 462.60-0.66 12.23 449.38 Mdsx Low -0.75 12.45 457.46-0.88 12.01 441.29 Mdsx High -0.73 12.47 458.19-0.80 12.09 444.23 Mdsx Average -0.74 -0.6012.46 457.83-0.84-0.7312.05 442.76 Hensall -0.73 12.48 458.38-0.83 12.07 443.31 Bruce -0.80 12.40 455.62-0.85 12.04 442.39 Putnam -0.75 12.45 457.46-0.80 12.09 444.23 Burford -0.70 12.50 459.30-0.85 12.04 442.39 Port Perry -0.76 12.44 457.09-0.91 11.98 440.19 Norfolk -0.69 12.51 459.66-0.79 12.10 444.60 Palmerston -0.50 12.70 466.65-0.75 12.14 446.07 Varna -0.50 12.70 466.65-0.75 12.14 446.07 Trenton -0.78 12.42 456.36-0.85 12.04 442.39 Winchester N/A N/A North Gower -0.81 12.39 455.25-0.64 12.25 450.11 Huron FOB -0.55 12.65 464.81-0.70 12.19 447.91 Kent FOB -0.73 12.47 458.19-0.84 12.05 442.76 Lambton FOB -0.73 12.47 458.19-0.84 12.05 442.76 Middlesex FOB-0.67-0.60-0.57 N/A 12.53 460.40-0.71 12.18 447.54 PROCESSORS Hamilton -0.30-0.25-0.25-0.20 12.90 473.99-0.25 12.64 464.44 Windsor -0.38-0.38-0.37 N/A 12.82 471.05-0.43 12.46 457.83 Winchester -0.68 12.52 460.03-0.56 12.33 453.05 TRANSFER Hamilton -0.30 N/A N/A N/A 12.90 473.99-0.35 12.54 460.77 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.35 12.85 472.16-0.05 12.84 471.79 Toledo El. -0.13 13.07 480.29-0.38 12.51 459.78 Bank of Canada Noon exchange rate was 0.9899 down 0.0057 Chicago wheat closed narrowly mixed. MAY12 HI 6.74 1/2 JUL12 HI 6.85 LOW 6.60 1/4 LOW 6.71 1/2 CLOSE 6.68 Down 1/4 CLOSE 6.80 1/2 Up 1 Minni wheat closed slightly higher. MAY12 HI 8.14 SEP12 HI 8.02 LOW 8.04 1/4 LOW 7.94 CLOSE 8.11 Up 2 1/4 CLOSE 7.98 1/2 Up 2 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.17 0.67 0.03 -0.58 CAD $/bu 6.51 7.35 6.71 7.53 CAD $/tonne 239.19 270.09 246.46 276.63 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 -0.14 N/A N/A 0.36 -0.39 N/A London -0.22 0.33 -0.27 N/A -0.07 0.33 -0.46 N/A Hensall -0.15 N/A -0.15 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 -0.32 N/A N/A N/A -0.50 N/A Norwich -0.15 N/A -0.15 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 -0.15 N/A -0.15 N/A 0.00 N/A -0.35 N/A Chatham N/A N/A N/A N/A N/A 0.29 -0.46 N/A Brigden N/A N/A N/A N/A N/A 0.29 -0.46 N/A Palmerston N/A 0.61 -0.18 -0.48 N/A 0.42 -0.37 -0.82 Varna -0.20 0.45 -0.20 N/A -0.20 0.60 -0.30 N/A Mitchell -0.15 0.50 -0.15 N/A 0.00 0.55 -0.35 N/A Thornton N/A N/A N/A -0.37 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 0.15 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 0.28N/A N/A 0.93 0.34N/A Toledo El. 6.72US 6.65CA 6.83US 6.77CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.04 0.68 -0.16 -0.37 CAD $/bu 6.85 7.49 6.65 7.62 CAD $/tonne 251.53 275.20 244.24 279.94 (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 320.00 Bayport Barley 295.00 FOB Hm Soymeal 411.06 DDG's FOB Srn, Wndr, Aylm 175.00 - 195.00