FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 9 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9895 down 0.0026 Chicago corn closed slightly to moderately higher. MAY12 HI 6.52 DEC12 HI 5.68 LOW 6.31 3/4 LOW 5.51 1/4 CLOSE6.45 Up 9 1/2 CLOSE 5.62 1/2 Up 5 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 6.00 236.21 -0.75 4.88 191.92 CK High -0.40 6.05 238.18 -0.70 4.93 193.89 CK Avg -0.44 -0.39 6.01 236.67 -0.72 -0.68 4.91 193.10 Essex Cty -0.40 6.05 238.18 -0.75 4.88 191.92 Mdsx Low -0.45 6.00 236.21 -0.75 4.88 191.92 Mdsx High -0.45 6.00 236.21 -0.70 4.93 193.89 Mdsx Avg -0.45 -0.40 6.00 236.21 -0.73 -0.68 4.90 192.90 Hensall -0.45 6.00 236.21 -0.73 4.90 192.90 Bruce -0.45 6.00 236.21 -0.75 4.88 191.92 Putnam -0.45 6.00 236.21 -0.70 4.93 193.89 Burford -0.45 6.00 236.21 -0.70 4.93 193.89 Port Perry -0.45 6.00 236.21 -0.70 4.93 193.89 Norfolk -0.43 6.02 237.00 -0.72 4.91 193.10 Palmerston -0.45 6.00 236.21 -0.70 4.93 193.89 Varna -0.45 6.00 236.21 -0.70 4.93 193.89 Trenton -0.20 6.25 246.05 -0.70 4.93 193.89 Winchester N/A N/A North Gower -0.30 6.15 242.11 -0.70 4.93 193.89 Huron FOB -0.40 6.05 238.18 -0.65 4.98 195.86 Kent FOB -0.43 6.02 237.00 -0.72 4.91 193.10 Lamb FOB -0.43 6.02 237.00 -0.72 4.91 193.10 Mdsx FOB -0.40 -0.30 -0.30 -0.30 6.05 238.18 -0.65 4.98 195.86 FOB SW Que -0.02 6.43 253.14 -0.38 5.25 206.49 Track -0.15 6.30 248.02N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.65 4.98 195.86 Jhnstwn-Eth 0.20 0.25 0.30 0.35 6.65 261.80 -0.55 5.08 199.79 Aylmer-Eth -0.25 -0.20 -0.20 -0.15 6.20 244.08 -0.50 5.13 201.76 Sarn-Eth -0.10 -0.10 0.00 0.00 6.35 249.99N/A Cllngwd-Eth N/A 0.10 0.10N/A -0.30* 5.33 209.64 London-Cas N/A -0.15 -0.05 -0.05 -0.45 5.18 203.73 Pt.Colb-Cas N/A N/A N/A N/A -0.40 5.23 205.70 Cardnl-Cas N/A N/A 0.20 0.20 -0.40 5.23 205.70 W O Feed 0.06 0.07 6.51 256.29 US Rep 0.80 0.81 7.25 285.42 Toledo El. 0.06 6.51 256.27 -0.38 5.25 206.60 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.25 6.20244 -0.45 5.18203 3/4 MID SD CRN -0.42 1/2 6.02 1/2 HI SD CRN -0.40 6.05 *Wet Bid Bank of Canada Noon exchange rate was 0.9895 down 0.0026 Chicago soybeans closed mixed. MAY12 HI 13.55 1/2 NOV12 HI 13.15 LOW 13.30 1/4 LOW 12.95 1/4 CLOSE13.37 3/4 Down 3/4 CLOSE 13.05 1/4 Up 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.73 12.65 464.72-0.82 12.23 449.47 CK High -0.65 12.73 467.66-0.72 12.33 453.14 CK Average -0.69 -0.5912.68 466.06-0.77-0.6712.28 451.18 Essex Cty -0.60 12.78 469.49-0.69 12.36 454.24 Mdsx Low -0.73 12.65 464.72-0.77 12.28 451.30 Mdsx High -0.70 12.68 465.82-0.75 12.30 452.04 Mdsx Average -0.72 -0.6112.66 465.27-0.76-0.6612.29 451.67 Hensall -0.68 12.70 466.74-0.75 12.30 452.04 Bruce -0.70 12.68 465.82-0.80 12.25 450.20 Putnam -0.65 12.73 467.66-0.70 12.35 453.88 Burford -0.70 12.68 465.82-0.74 12.31 452.41 Port Perry -0.76 12.62 463.61-0.80 12.25 450.20 Norfolk -0.64 12.74 468.02-0.70 12.35 453.88 Palmerston -0.65 12.73 467.66-0.75 12.30 452.04 Varna -0.60 12.78 469.49-0.70 12.35 453.88 Trenton -0.85 12.53 460.31-0.85 12.20 448.37 Winchester N/A N/A North Gower -0.68 12.70 466.55-0.57 12.48 458.65 Huron FOB -0.50 12.88 473.17-0.60 12.45 457.55 Kent FOB -0.68 12.70 466.55-0.73 12.32 452.77 Lambton FOB -0.68 12.70 466.55-0.73 12.32 452.77 Middlesex FOB-0.70-0.65 N/A N/A 12.68 465.82-0.66 12.39 455.35 PROCESSORS Hamilton -0.35-0.20-0.20-0.20 13.03 478.68-0.25 12.80 470.41 Windsor -0.37-0.36-0.36 N/A 13.01 477.94-0.46 12.59 462.70 Winchester -0.70 12.68 465.82-0.65 12.40 455.71 TRANSFER Hamilton -0.25 N/A N/A N/A 13.13 482.35-0.30 12.75 468.57 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.34 13.04 479.05-0.02 13.03 478.86 Toledo El. -0.18 13.20 484.98-0.38 12.68 465.74 Bank of Canada Noon exchange rate was 0.9895 down 0.0026 Chicago wheat closed slightly higher. MAY12 HI 6.50 JUL12 HI 6.60 1/4 LOW 6.34 1/4 LOW 6.45 1/2 CLOSE 6.43 Up 8 1/4 CLOSE 6.53 1/2 Up 7 3/4 Minni wheat closed slightly higher. MAY12 HI 8.12 SEP12 HI 7.88 3/4 LOW 8.00 LOW 7.79 1/2 CLOSE 8.05 Up 1 1/2 CLOSE 7.84 Up 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 -0.15 0.70 0.05 -0.56 CAD $/bu 6.28 7.13 6.48 7.49 CAD $/tonne 230.81 261.80 238.10 275.30 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 -0.25 N/A N/A 0.30 -0.40 N/A London -0.22 0.38 -0.22 N/A -0.03 0.37 -0.43 N/A Hensall -0.25 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 -0.39 N/A N/A N/A -0.45 N/A Norwich -0.25 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 -0.25 N/A -0.30 N/A 0.05 N/A -0.45 N/A Chatham N/A 0.32 -0.30 N/A N/A 0.29 -0.47 N/A Brigden N/A 0.32 -0.30 N/A N/A 0.29 -0.47 N/A Palmerston N/A 0.50 -0.24 -0.53 N/A 0.44 -0.35 -0.80 Varna -0.30 0.35 -0.30 N/A -0.10 0.50 -0.40 N/A Mitchell -0.25 0.45 -0.30 N/A 0.05 0.45 -0.45 N/A Thornton N/A N/A N/A -0.88 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 0.50 0.94 0.35N/A Toledo El. 6.47US 6.42CA 6.66US 6.60CA 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 6.58 7.23 6.39 7.38 CAD $/tonne 241.93 265.63 234.64 271.28 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 305.00 - 310.00 Bayport Oats 302.00 Bayport Barley 295.00 FOB Hm Soymeal 417.45 - 419.66 DDG's FOB Srn, Wndr, Aylm 180.00 - 210.00