FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9888 up 0.0039 Chicago corn closed slightly higher. MAY12 HI 6.55 1/2 DEC12 HI 5.70 1/2 LOW 6.47 LOW 5.63 3/4 CLOSE6.55 Up 1 CLOSE 5.70 Up 3 1/4 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 6.10 240.15 -0.70 5.00 196.84 CK High -0.40 6.15 242.11 -0.70 5.00 196.84 CK Avg -0.44 -0.38 6.11 240.61 -0.70 -0.65 5.00 196.84 Essex Cty -0.40 6.15 242.11 -0.75 4.95 194.87 Mdsx Low -0.45 6.10 240.15 -0.70 5.00 196.84 Mdsx High -0.45 6.10 240.15 -0.70 5.00 196.84 Mdsx Avg -0.45 -0.39 6.10 240.15 -0.70 -0.65 5.00 196.84 Hensall -0.45 6.10 240.15 -0.70 5.00 196.84 Bruce -0.45 6.10 240.15 -0.70 5.00 196.84 Putnam -0.45 6.10 240.15 -0.70 5.00 196.84 Burford -0.45 6.10 240.15 -0.70 5.00 196.84 Port Perry -0.45 6.10 240.15 -0.70 5.00 196.84 Norfolk -0.43 6.12 240.93 -0.70 5.00 196.84 Palmerston -0.40 6.15 242.11 -0.65 5.05 198.81 Varna -0.40 6.15 242.11 -0.65 5.05 198.81 Trenton -0.15 6.40 251.96 -0.65 5.05 198.81 Winchester N/A N/A North Gower -0.16 6.39 251.56 -0.73 4.97 195.66 Huron FOB -0.40 6.15 242.11 -0.65 5.05 198.81 Kent FOB -0.43 6.12 240.93 -0.70 5.00 196.84 Lamb FOB -0.43 6.12 240.93 -0.70 5.00 196.84 Mdsx FOB -0.40 -0.35 -0.30 -0.30 6.15 242.11 -0.65 5.05 198.81 FOB SW Que 0.00 6.55 257.86 -0.40 5.30 208.65 Track -0.03 6.53 256.88N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 5.05 198.81 Jhnstwn-Eth 0.20 0.25 0.30 0.35 6.75 265.74 -0.55 5.15 202.75 Aylmer-Eth -0.25 -0.20 -0.20 -0.15 6.30 248.02 -0.50 5.20 204.71 Sarn-Eth -0.10 -0.10 0.00 0.00 6.45 253.93N/A Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.40 212.59 London-Cas N/A -0.10 0.00 0.00 -0.40 5.30 208.65 Pt.Colb-Cas N/A N/A N/A 0.20 -0.35 5.35 210.62 Cardnl-Cas 0.25 0.30 0.20 0.20 6.80 267.70 -0.35 5.35 210.62 W O Feed 0.10 0.11 6.65 261.80 US Rep 0.70 0.71 7.25 285.42 Toledo El. 0.08 6.63 260.98 -0.38 5.32 209.58 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.17 6.38251 1/6 -0.48 5.22205 1/2 MID SD CRN -0.42 1/2 6.12 1/2 HI SD CRN -0.40 6.15 *Wet Bid Bank of Canada Noon exchange rate was 0.9888 up 0.0039 Chicago soybeans closed slightly higher. MAY12 HI 13.33 NOV12 HI 12.98 LOW 13.16 1/4 LOW 12.87 1/2 CLOSE13.33 Up 10 1/2 CLOSE 12.98 Up 3 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.75 12.58 462.24-0.89 12.09 444.23 CK High -0.70 12.63 464.07-0.79 12.19 447.91 CK Average -0.72 -0.5912.61 463.46-0.82-0.7012.16 446.74 Essex Cty -0.60 12.73 467.75-0.64 12.34 453.42 Mdsx Low -0.74 12.59 462.60-0.83 12.15 446.44 Mdsx High -0.70 12.63 464.07-0.75 12.23 449.38 Mdsx Average -0.72 -0.6012.61 463.34-0.79-0.6712.19 447.91 Hensall -0.73 12.61 463.15-0.80 12.18 447.54 Bruce -0.70 12.63 464.07-0.80 12.18 447.54 Putnam -0.70 12.63 464.07-0.75 12.23 449.38 Burford -0.71 12.62 463.71-0.80 12.18 447.54 Port Perry -0.77 12.56 461.50-0.86 12.12 445.33 Norfolk -0.66 12.67 465.54-0.74 12.24 449.74 Palmerston -0.75 12.58 462.24-0.85 12.13 445.70 Varna -0.70 12.63 464.07-0.85 12.13 445.70 Trenton -0.90 12.43 456.72-0.90 12.08 443.86 Winchester N/A N/A North Gower -0.89 12.44 457.09-0.96 12.02 441.66 Huron FOB -0.60 12.73 467.75-0.70 12.28 451.21 Kent FOB -0.70 12.63 464.07-0.79 12.19 447.91 Lambton FOB -0.70 12.63 464.07-0.79 12.19 447.91 Middlesex FOB-0.67-0.62-0.58 N/A 12.66 465.18-0.69 12.29 451.58 PROCESSORS Hamilton -0.30-0.25-0.25-0.25 13.03 478.77-0.30 12.68 465.91 Windsor -0.37-0.32-0.31 N/A 12.96 476.20-0.42 12.56 461.50 Winchester -0.80 12.53 460.40-0.75 12.23 449.38 TRANSFER Hamilton -0.30 N/A N/A N/A 13.03 478.77-0.33 12.65 464.81 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.35 12.98 476.93-0.05 12.93 475.10 Toledo El. -0.20 13.13 482.51-0.38 12.60 463.10 Bank of Canada Noon exchange rate was 0.9888 up 0.0039 Chicago wheat closed moderately higher. MAY12 HI 6.75 1/2 JUL12 HI 6.87 1/2 LOW 6.57 1/2 LOW 6.69 1/4 CLOSE 6.74 1/2 Up 10 1/2 CLOSE 6.86 1/4 Up 10 1/4 Minni wheat closed slightly to moderately higher. MAY12 HI 8.34 1/4 SEP12 HI 8.07 LOW 8.14 LOW 7.95 3/4 CLOSE 8.31 1/2 Up 14 1/2 CLOSE 8.05 1/4 Up 7 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.16 0.68 0.04 -0.57 CAD $/bu 6.58 7.43 6.78 7.74 CAD $/tonne 241.91 272.86 249.19 284.51 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 0.36 -0.24 N/A -0.07 0.33 -0.47 N/A Hensall -0.30 N/A -0.30 N/A 0.05 N/A -0.45 N/A Trenton N/A N/A N/A N/A N/A N/A -0.40 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A -0.31 N/A N/A N/A -0.49 N/A Norwich -0.30 N/A -0.30 N/A 0.05 N/A -0.45 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.30 N/A -0.30 N/A 0.05 N/A -0.45 N/A Chatham N/A 0.33 -0.28 N/A N/A 0.30 -0.45 N/A Brigden N/A 0.33 -0.28 N/A N/A 0.30 -0.45 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 -0.30 0.40 -0.30 N/A 0.05 0.45 -0.45 N/A Thornton N/A N/A N/A -0.71 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 0.12 N/A N/A N/A -0.11 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 0.48 0.93 0.33N/A Toledo El. 6.79US 6.72CA 6.98US 6.92CA 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 6.90 7.54 6.70 7.68 CAD $/tonne 253.47 277.13 246.19 282.23 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 300.00 - 305.00 Bayport Oats 320.00 Bayport Barley 295.00 FOB Hm Soymeal 412.38 DDG's FOB Srn, Wndr, Aylm 175.00 - 200.00