FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, March 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9849 down 0.0050 Chicago corn closed slightly lower. MAY12 HI 6.58 DEC12 HI 5.70 LOW 6.50 1/2 LOW 5.63 1/2 CLOSE6.54 Down 4 CLOSE 5.66 3/4 Down 1 3/4 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 6.09 239.75 -0.70 4.97 195.56 CK High -0.40 6.14 241.72 -0.70 4.97 195.56 CK Avg -0.44 -0.35 6.10 240.21 -0.70 -0.63 4.97 195.56 Essex Cty -0.40 6.14 241.72 -0.75 4.92 193.59 Mdsx Low -0.45 6.09 239.75 -0.70 4.97 195.56 Mdsx High -0.45 6.09 239.75 -0.70 4.97 195.56 Mdsx Avg -0.45 -0.36 6.09 239.75 -0.70 -0.63 4.97 195.56 Hensall -0.43 6.12 240.74 -0.68 4.99 196.55 Bruce -0.45 6.09 239.75 -0.70 4.97 195.56 Putnam -0.45 6.09 239.75 -0.70 4.97 195.56 Burford -0.45 6.09 239.75 -0.70 4.97 195.56 Port Perry -0.45 6.09 239.75 -0.70 4.97 195.56 Norfolk -0.43 6.11 240.54 -0.70 4.97 195.56 Palmerston -0.40 6.14 241.72 -0.65 5.02 197.53 Varna -0.40 6.14 241.72 -0.65 5.02 197.53 Trenton -0.15 6.39 251.56 -0.65 5.02 197.53 Winchester N/A N/A North Gower -0.20 6.34 249.59 -0.62 5.05 198.71 Huron FOB -0.35 6.19 243.69 -0.60 5.07 199.50 Kent FOB -0.43 6.11 240.54 -0.70 4.97 195.56 Lamb FOB -0.43 6.11 240.54 -0.70 4.97 195.56 Mdsx FOB -0.40 -0.35 -0.30 -0.30 6.14 241.72 -0.65 5.02 197.53 FOB SW Que -0.05 6.49 255.50 -0.40 5.27 207.37 Track -0.03 6.52 256.48N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 5.02 197.53 Jhnstwn-Eth 0.20 0.25 0.30 0.35 6.74 265.34 -0.55 5.12 201.47 Aylmer-Eth -0.25 -0.20 -0.20 -0.15 6.29 247.63 -0.50 5.17 203.44 Sarn-Eth -0.10 -0.10 0.00 0.00 6.44 253.53N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.37 211.31 London-Cas N/A -0.10 0.00 0.00 -0.40 5.27 207.37 Pt.Colb-Cas N/A N/A N/A 0.20 -0.35 5.32 209.34 Cardnl-Cas 0.25 0.30 0.20 0.20 6.79 267.31 -0.35 5.32 209.34 W O Feed 0.12 0.13 6.66 262.19 US Rep 0.70 0.71 7.24 285.03 Toledo El. 0.11 6.65 261.74 -0.38 5.29 208.34 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.20 6.34249 3/5 -0.48 5.19204 2/9 MID SD CRN -0.42 1/2 6.11 1/2 HI SD CRN -0.40 6.14 *Wet Bid Bank of Canada Noon exchange rate was 0.9849 down 0.0050 Chicago soybeans closed slightly higher. MAY12 HI 13.23 3/4 NOV12 HI 12.94 3/4 LOW 13.06 1/4 LOW 12.78 1/4 CLOSE13.22 1/2 Up 2 1/2 CLOSE 12.94 1/4 Up 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.77 12.46 457.64-0.90 12.04 442.49 CK High -0.70 12.53 460.21-0.80 12.14 446.16 CK Average -0.75 -0.5612.48 458.44-0.86-0.7012.09 444.14 Essex Cty -0.64 12.59 462.42-0.69 12.25 450.20 Mdsx Low -0.75 12.48 458.38-0.84 12.10 444.69 Mdsx High -0.75 12.48 458.38-0.80 12.14 446.16 Mdsx Average -0.75 -0.5712.48 458.38-0.82-0.6712.12 445.43 Hensall -0.73 12.50 459.30-0.83 12.12 445.24 Bruce -0.75 12.48 458.38-0.85 12.09 444.32 Putnam -0.75 12.48 458.38-0.80 12.14 446.16 Burford -0.72 12.51 459.48-0.81 12.13 445.79 Port Perry -0.78 12.45 457.28-0.87 12.07 443.59 Norfolk -0.73 12.50 459.11-0.83 12.11 445.06 Palmerston -0.75 12.48 458.38-0.85 12.09 444.32 Varna -0.70 12.53 460.21-0.85 12.09 444.32 Trenton -0.90 12.33 452.87-0.90 12.04 442.49 Winchester N/A N/A North Gower -0.85 12.38 454.70-0.54 12.40 455.71 Huron FOB -0.55 12.68 465.73-0.70 12.24 449.83 Kent FOB -0.77 12.46 457.64-0.88 12.06 443.22 Lambton FOB -0.77 12.46 457.64-0.88 12.06 443.22 Middlesex FOB-0.68-0.69-0.59 N/A 12.55 460.95-0.70 12.24 449.83 PROCESSORS Hamilton -0.30-0.25-0.25-0.20 12.93 474.91-0.30 12.64 464.53 Windsor -0.41-0.36-0.36 N/A 12.82 470.87-0.47 12.47 458.29 Winchester -0.74 12.49 458.75-0.83 12.11 445.06 TRANSFER Hamilton -0.35 N/A N/A N/A 12.88 473.08-0.38 12.56 461.59 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.45 12.78 469.40-0.10 12.84 471.88 Toledo El. -0.18 13.05 479.41-0.38 12.57 461.76 Bank of Canada Noon exchange rate was 0.9849 down 0.0050 Chicago wheat closed slightly lower. MAY12 HI 6.72 1/2 JUL12 HI 6.85 LOW 6.58 3/4 LOW 6.72 1/4 CLOSE 6.64 Down 4 CLOSE 6.76 Down 4 1/2 Minni wheat closed mixed. MAY12 HI 8.20 3/4 SEP12 HI 8.05 LOW 8.06 1/2 LOW 7.94 1/2 CLOSE 8.17 Up 6 CLOSE 7.97 1/2 Down 1 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.19 0.65 0.01 -0.61 CAD $/bu 6.45 7.29 6.65 7.56 CAD $/tonne 236.96 267.76 244.21 277.91 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 0.35 -0.15 N/A N/A 0.25 -0.35 N/A London -0.19 0.35 -0.24 N/A -0.08 0.32 -0.47 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 -0.34 N/A N/A N/A -0.52 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 0.27 -0.48 N/A Brigden N/A N/A N/A N/A N/A 0.27 -0.48 N/A Palmerston N/A 0.55 -0.23 -0.57 N/A 0.39 -0.39 -0.85 Varna -0.30 0.35 -0.30 N/A -0.10 0.50 -0.40 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 0.14 N/A N/A N/A -0.13 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 0.22N/A N/A 0.91 0.31N/A Toledo El. 6.68US 6.59CA 6.88US 6.80CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.02 0.66 -0.18 -0.39 CAD $/bu 6.78 7.42 6.58 7.58 CAD $/tonne 249.05 272.65 241.79 278.64 (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 408.41 DDG's FOB Srn, Wndr, Aylm 175.00 - 200.00