FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, March 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9921 down 0.0072 Chicago corn closed slightly lower. MAY12 HI 6.44 3/4 DEC12 HI 5.64 LOW 6.31 3/4 LOW 5.53 1/4 CLOSE6.35 1/2 Down 3 1/4 CLOSE 5.57 1/4 Down 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 5.91 232.47 -0.70 4.87 191.82 CK High -0.40 5.96 234.44 -0.68 4.89 192.61 CK Avg -0.43 -0.38 5.92 233.13 -0.70 -0.65 4.88 191.95 Essex Cty -0.45 5.91 232.47 -0.75 4.82 189.85 Mdsx Low -0.45 5.91 232.47 -0.70 4.87 191.82 Mdsx High -0.45 5.91 232.47 -0.70 4.87 191.82 Mdsx Avg -0.45 -0.40 5.91 232.47 -0.70 -0.65 4.87 191.82 Hensall -0.45 5.91 232.47 -0.70 4.87 191.82 Bruce -0.45 5.91 232.47 -0.70 4.87 191.82 Putnam -0.45 5.91 232.47 -0.70 4.87 191.82 Burford -0.45 5.91 232.47 -0.70 4.87 191.82 Port Perry -0.45 5.91 232.47 -0.70 4.87 191.82 Norfolk -0.40 5.96 234.44 -0.68 4.89 192.61 Palmerston -0.45 5.91 232.47 -0.70 4.87 191.82 Varna -0.45 5.91 232.47 -0.70 4.87 191.82 Trenton -0.15 6.21 244.28 -0.70 4.87 191.82 Winchester N/A N/A North Gower -0.25 6.11 240.34 -0.75 4.82 189.85 Huron FOB -0.40 5.96 234.44 -0.65 4.92 193.79 Kent FOB -0.40 5.96 234.44 -0.68 4.89 192.61 Lamb FOB -0.40 5.96 234.44 -0.68 4.89 192.61 Mdsx FOB -0.40 -0.35 -0.30 -0.30 5.96 234.44 -0.65 4.92 193.79 FOB SW Que 0.00 6.36 250.19 -0.35 5.22 205.60 Track -0.15 6.21 244.28N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.92 193.79 Jhnstwn-Eth 0.20 0.25 0.30 0.35 6.56 258.06 -0.55 5.02 197.73 Aylmer-Eth -0.25 -0.20 -0.20 -0.15 6.11 240.34 -0.50 5.07 199.70 Sarn-Eth -0.10 -0.10 0.00 0.00 6.26 246.25N/A Cllngwd-Eth N/A 0.10 0.10N/A -0.30* 5.27 207.57 London-Cas N/A -0.15 -0.05 -0.05 -0.45 5.12 201.66 Pt.Colb-Cas N/A N/A N/A 0.15 -0.40 5.17 203.63 Cardnl-Cas N/A N/A 0.20 0.20 -0.40 5.17 203.63 W O Feed 0.08 0.09 6.44 253.33 US Rep 0.80 0.81 7.16 281.68 Toledo El. 0.06 6.41 252.53 -0.38 5.20 204.54 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.25 6.11240 1/3 -0.45 5.12201 2/3 MID SD CRN -0.42 1/2 5.93 HI SD CRN -0.40 5.95 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9921 down 0.0072 Chicago soybeans closed slightly to moderately higher. MAY12 HI 13.38 3/4 NOV12 HI 12.99 3/4 LOW 13.24 LOW 12.90 1/2 CLOSE13.38 1/2 Up 11 3/4 CLOSE 12.99 1/2 Up 8 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.69 12.70 466.46-0.79 12.21 448.46 CK High -0.55 12.84 471.61-0.65 12.35 453.60 CK Average -0.64 -0.5312.75 468.36-0.73-0.6312.26 450.60 Essex Cty -0.56 12.83 471.24-0.66 12.34 453.23 Mdsx Low -0.71 12.68 465.73-0.78 12.22 448.82 Mdsx High -0.65 12.74 467.93-0.70 12.30 451.76 Mdsx Average -0.68 -0.5712.71 466.83-0.74-0.6312.26 450.29 Hensall -0.65 12.74 467.93-0.73 12.27 450.85 Bruce -0.65 12.74 467.93-0.75 12.25 449.93 Putnam -0.65 12.74 467.93-0.70 12.30 451.76 Burford -0.68 12.71 466.83-0.75 12.25 449.93 Port Perry -0.74 12.65 464.62-0.81 12.19 447.72 Norfolk -0.60 12.79 469.77-0.68 12.32 452.50 Palmerston -0.55 12.84 471.61-0.65 12.35 453.60 Varna -0.60 12.79 469.77-0.70 12.30 451.76 Trenton -0.80 12.59 462.42-0.80 12.20 448.09 Winchester N/A N/A North Gower -0.70 12.69 466.09-0.51 12.49 458.75 Huron FOB -0.50 12.89 473.44-0.60 12.40 455.44 Kent FOB -0.64 12.75 468.30-0.73 12.27 450.66 Lambton FOB -0.64 12.75 468.30-0.73 12.27 450.66 Middlesex FOB-0.62-0.54 N/A N/A 12.77 469.03-0.65 12.35 453.60 PROCESSORS Hamilton -0.25-0.15-0.15-0.15 13.14 482.63-0.20 12.80 470.14 Windsor -0.33-0.33-0.32 N/A 13.06 479.69-0.43 12.57 461.68 Winchester -0.63 12.76 468.67-0.58 12.42 456.17 TRANSFER Hamilton -0.25 N/A N/A N/A 13.14 482.63-0.30 12.70 466.46 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.30 13.09 480.790.00 13.00 477.48 Toledo El. -0.18 13.21 485.25-0.38 12.62 463.64 Bank of Canada Noon exchange rate was 0.9921 down 0.0072 Chicago wheat closed slightly lower. MAY12 HI 6.47 3/4 JUL12 HI 6.58 3/4 LOW 6.33 1/2 LOW 6.45 CLOSE 6.34 3/4 Down 4 1/2 CLOSE 6.45 3/4 Down 4 3/4 Minni wheat closed slightly lower. MAY12 HI 8.14 1/4 SEP12 HI 7.91 LOW 8.02 LOW 7.80 CLOSE 8.03 1/2 Down 5 1/4 CLOSE 7.80 1/2 Down 5 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.15 0.69 0.05 -0.56 CAD $/bu 6.20 7.04 6.40 7.47 CAD $/tonne 227.69 258.67 234.98 274.61 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 -0.20 0.40 -0.20 N/A -0.02 0.38 -0.42 N/A Hensall -0.25 N/A -0.25 N/A 0.05 N/A -0.40 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 -0.34 N/A N/A N/A -0.47 N/A Norwich -0.25 N/A -0.25 N/A 0.05 N/A -0.40 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.25 N/A -0.25 N/A 0.05 N/A -0.40 N/A Chatham N/A 0.35 -0.27 N/A N/A 0.32 -0.44 N/A Brigden N/A 0.35 -0.27 N/A N/A 0.32 -0.44 N/A Palmerston N/A 0.56 -0.19 -0.47 N/A 0.50 -0.30 -0.75 Varna -0.30 0.35 -0.30 N/A -0.10 0.50 -0.40 N/A Mitchell -0.25 0.50 -0.25 N/A 0.05 0.50 -0.40 N/A Thornton N/A N/A N/A -0.94 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 0.05 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 0.25N/A 0.49 0.94 0.34N/A Toledo El. 6.39US 6.34CA 6.58US 6.52CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.05 0.69 -0.15 -0.46 CAD $/bu 6.50 7.15 6.31 7.34 CAD $/tonne 238.99 262.68 231.70 269.87 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 305.00 Bayport Oats 302.00 Bayport Barley 295.00 FOB Hm Soymeal 421.31 - 424.62 DDG's FOB Srn, Wndr, Aylm 180.00 - 202.00