FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9993 down 0.0022 Chicago corn closed slightly lower to lower. MAY12 HI 6.56 DEC12 HI 5.65 LOW 6.37 1/2 LOW 5.53 1/2 CLOSE6.38 3/4 Down 15 1/4 CLOSE 5.58 Down 5 1/2 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 5.94 233.75 -0.70 4.88 192.12 CK High -0.39 6.00 236.11 -0.68 4.90 192.90 CK Avg -0.43 -0.44 5.96 234.47 -0.70 -0.70 4.88 192.25 Essex Cty -0.40 5.99 235.72 -0.70 4.88 192.12 Mdsx Low -0.45 5.94 233.75 -0.70 4.88 192.12 Mdsx High -0.45 5.94 233.75 -0.70 4.88 192.12 Mdsx Avg -0.45 -0.46 5.94 233.75 -0.70 -0.71 4.88 192.12 Hensall -0.45 5.94 233.75 -0.70 4.88 192.12 Bruce -0.45 5.94 233.75 -0.70 4.88 192.12 Putnam -0.45 5.94 233.75 -0.70 4.88 192.12 Burford -0.45 5.94 233.75 -0.70 4.88 192.12 Port Perry -0.45 5.94 233.75 -0.70 4.88 192.12 Norfolk -0.39 6.00 236.11 -0.68 4.90 192.90 Palmerston -0.45 5.94 233.75 -0.70 4.88 192.12 Varna -0.45 5.94 233.75 -0.70 4.88 192.12 Trenton -0.15 6.24 245.56 -0.70 4.88 192.12 Winchester N/A N/A North Gower -0.20 6.19 243.59 -0.62 4.96 195.27 Huron FOB -0.40 5.99 235.72 -0.65 4.93 194.09 Kent FOB -0.39 6.00 236.11 -0.68 4.90 192.90 Lamb FOB -0.39 6.00 236.11 -0.68 4.90 192.90 Mdsx FOB -0.40 -0.35 -0.30 -0.30 5.99 235.72 -0.65 4.93 194.09 FOB SW Que 0.05 6.44 253.43 -0.30 5.28 207.86 Track -0.15 6.24 245.56N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.93 194.09 Jhnstwn-Eth 0.20 0.25 0.30 0.35 6.59 259.34 -0.55 5.03 198.02 Aylmer-Eth -0.25 -0.20 -0.20 -0.15 6.14 241.62 -0.50 5.08 199.99 Sarn-Eth -0.10 -0.10 0.00 0.00 6.29 247.53N/A Cllngwd-Eth N/A 0.10 0.10N/A -0.30* 5.28 207.86 London-Cas N/A -0.15 -0.05 -0.05 -0.45 5.13 201.96 Pt.Colb-Cas N/A N/A N/A 0.15 -0.40 5.18 203.93 Cardnl-Cas N/A N/A 0.20 0.20 -0.40 5.18 203.93 W O Feed 0.08 0.08 6.47 254.61 US Rep 0.80 0.80 7.19 282.96 Toledo El. 0.08 6.47 254.62 -0.38 5.20 204.70 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.10 6.29247 1/2 -0.40 5.18204 MID SD CRN -0.42 5.96 3/4 HI SD CRN -0.39 5.99 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9993 down 0.0022 Chicago soybeans closed slightly lower. MAY12 HI 13.39 NOV12 HI 12.96 LOW 13.24 LOW 12.86 1/2 CLOSE13.26 3/4 Down 8 1/2 CLOSE 12.91 1/2 Down 1 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.60 12.67 465.45-0.73 12.19 447.72 CK High -0.53 12.74 468.02-0.63 12.29 451.40 CK Average -0.57 -0.5812.70 466.61-0.66-0.6712.26 450.29 Essex Cty -0.45 12.82 470.96-0.56 12.36 453.97 Mdsx Low -0.62 12.65 464.72-0.82 12.10 444.42 Mdsx High -0.55 12.72 467.29-0.60 12.32 452.50 Mdsx Average -0.59 -0.6012.68 466.00-0.71-0.7212.21 448.46 Hensall -0.55 12.72 467.29-0.63 12.29 451.58 Bruce -0.55 12.72 467.29-0.65 12.27 450.66 Putnam -0.55 12.72 467.29-0.60 12.32 452.50 Burford -0.59 12.68 465.82-0.65 12.27 450.66 Port Perry -0.65 12.62 463.61-0.71 12.21 448.46 Norfolk -0.55 12.72 467.29-0.65 12.27 450.66 Palmerston -0.55 12.72 467.29-0.65 12.27 450.66 Varna -0.60 12.67 465.45-0.70 12.22 448.82 Trenton -0.73 12.54 460.67-0.75 12.17 446.99 Winchester N/A N/A North Gower -0.89 12.38 454.80-0.51 12.41 455.81 Huron FOB N/A N/A Kent FOB -0.53 12.74 468.02-0.63 12.29 451.40 Lambton FOB -0.53 12.74 468.02-0.63 12.29 451.40 Middlesex FOB-0.56-0.50-0.46 N/A 12.71 466.92-0.68 12.24 449.56 PROCESSORS Hamilton -0.15-0.05-0.05-0.05 13.12 481.99-0.10 12.82 470.87 Windsor -0.22-0.17-0.16 N/A 13.05 479.41-0.33 12.59 462.42 Winchester -0.65 12.62 463.61-0.60 12.32 452.50 TRANSFER Hamilton -0.10 N/A N/A N/A 13.17 483.82-0.20 12.72 467.20 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.20 13.07 480.150.10 13.02 478.22 Toledo El. -0.20 13.07 480.14-0.38 12.53 460.57 Bank of Canada Noon exchange rate was 0.9993 down 0.0022 Chicago wheat closed moderately lower. MAY12 HI 6.59 1/4 JUL12 HI 6.69 1/4 LOW 6.36 1/2 LOW 6.49 CLOSE 6.39 1/4 Down 18 1/2 CLOSE 6.50 1/2 Down 17 3/4 Minni wheat closed slightly to moderately lower. MAY12 HI 8.20 1/4 SEP12 HI 7.92 1/2 LOW 8.05 3/4 LOW 7.83 1/4 CLOSE 8.08 3/4 Down 10 CLOSE 7.86 1/4 Down 3 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.09 0.76 0.11 -0.49 CAD $/bu 6.30 7.15 6.50 7.60 CAD $/tonne 231.44 262.70 238.80 279.07 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 0.40 -0.30 N/A N/A 0.35 -0.40 N/A London -0.15 0.45 -0.11 N/A 0.04 0.44 -0.37 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 -0.50 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A -0.29 N/A N/A N/A -0.42 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 0.40 -0.22 N/A N/A 0.37 -0.39 N/A Brigden N/A 0.40 -0.22 N/A N/A 0.37 -0.39 N/A Palmerston N/A 0.65 -0.15 -0.47 N/A 0.49 -0.31 -0.75 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 -0.90 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 0.00 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 0.31N/A 0.56 1.01 0.41N/A Toledo El. 6.43US 6.44CA 6.63US 6.63CA 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 6.61 7.26 6.41 7.57 CAD $/tonne 242.94 266.84 235.58 278.15 (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 418.33 - 419.44 DDG's FOB Srn, Wndr, Aylm 180.00 - 202.00