FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 16 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9914 down 0.0015 Chicago corn closed slightly higher. MAY12 HI 6.73 3/4 DEC12 HI 5.75 LOW 6.65 3/4 LOW 5.68 CLOSE6.73 Up 4 CLOSE 5.74 1/4 Up 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 -0.55 6.18 243.30 -0.75 4.99 196.55 CK High -0.50 6.23 245.26 -0.75 4.99 196.55 CK Avg -0.52 -0.47 6.21 244.61 -0.75 -0.71 4.99 196.55 Essex Cty -0.55 6.18 243.30 -0.75 4.99 196.55 Mdsx Low -0.55 6.18 243.30 -0.75 4.99 196.55 Mdsx High -0.50 6.23 245.26 -0.75 4.99 196.55 Mdsx Avg -0.53 -0.48 6.21 244.28 -0.75 -0.71 4.99 196.55 Hensall -0.50 6.23 245.26 -0.75 4.99 196.55 Bruce -0.50 6.23 245.26 -0.75 4.99 196.55 Putnam -0.50 6.23 245.26 -0.75 4.99 196.55 Burford -0.50 6.23 245.26 -0.75 4.99 196.55 Port Perry -0.50 6.23 245.26 -0.75 4.99 196.55 Norfolk -0.50 6.23 245.26 -0.75 4.99 196.55 Palmerston -0.50 6.23 245.26 -0.75 4.99 196.55 Varna -0.50 6.23 245.26 -0.75 4.99 196.55 Trenton -0.30 6.43 253.14 -0.75 4.99 196.55 Winchester N/A N/A North Gower -0.45 6.28 247.23 -0.70 5.04 198.51 Huron FOB -0.30 6.43 253.14 -0.70 5.04 198.51 Kent FOB -0.50 6.23 245.26 -0.75 4.99 196.55 Lamb FOB -0.50 6.23 245.26 -0.75 4.99 196.55 Mdsx FOB -0.45 -0.40 -0.30N/A 6.28 247.23 -0.75 4.99 196.55 FOB SW Que 0.16 6.89 271.25 -0.30 5.44 214.26 Track -0.08 6.66 262.00N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.19 204.42 Jhnstwn-Eth 0.10 0.15 0.15 0.20 6.83 268.89 -0.35 5.39 212.29 Aylmer-Eth N/A N/A -0.30 -0.25 -0.50 5.24 206.39 Sarn-Eth N/A -0.30 -0.15 -0.20 N/A Cllngwd-Eth N/A 0.10 0.10N/A -0.30* 5.44 214.26 London-Cas N/A -0.15 -0.05 -0.05 -0.45 5.29 208.36 Pt.Colb-Cas N/A N/A N/A N/A -0.40 5.34 210.32 Cardnl-Cas N/A N/A 0.20 0.20 -0.40 5.34 210.32 W O Feed 0.05 0.06 6.78 266.92 US Rep 0.60 0.61 7.33 288.57 Toledo El. 0.06 6.79 267.30 -0.38 5.36 211.21 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.25 6.48255 1/9 -0.44 5.30208 3/4 MID SD CRN -0.52 1/2 6.20 1/2 HI SD CRN -0.50 6.23 *Wet Bid Bank of Canada Noon exchange rate was 0.9914 down 0.0015 Chicago soybeans closed slightly higher. MAY12 HI 13.77 1/2 NOV12 HI 13.33 LOW 13.63 1/2 LOW 13.21 3/4 CLOSE13.74 Up 5 CLOSE 13.28 1/4 Up 2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.77 12.97 476.57-0.85 12.43 456.82 CK High -0.75 12.99 477.30-0.80 12.48 458.65 CK Average -0.76 -0.6712.99 477.12-0.83-0.7512.45 457.55 Essex Cty -0.63 13.11 481.71-0.72 12.56 461.59 Mdsx Low -0.77 12.97 476.57-0.83 12.45 457.55 Mdsx High -0.75 12.99 477.30-0.80 12.48 458.65 Mdsx Average -0.76 -0.6712.98 476.93-0.82-0.7312.47 458.10 Hensall -0.73 13.02 478.22-0.80 12.48 458.65 Bruce -0.75 12.99 477.30-0.85 12.43 456.82 Putnam -0.75 12.99 477.30-0.80 12.48 458.65 Burford -0.74 13.00 477.67-0.80 12.48 458.65 Port Perry -0.80 12.94 475.46-0.86 12.42 456.45 Norfolk -0.72 13.02 478.40-0.79 12.49 459.02 Palmerston -0.70 13.04 479.14-0.80 12.48 458.65 Varna -0.70 13.04 479.14-0.80 12.48 458.65 Trenton -0.95 12.79 469.95-0.82 12.46 457.92 Winchester N/A N/A North Gower -0.73 13.01 478.04-0.63 12.65 464.90 Huron FOB -0.55 13.19 484.65-0.70 12.58 462.33 Kent FOB -0.76 12.98 476.93-0.84 12.44 457.18 Lambton FOB -0.76 12.98 476.93-0.84 12.44 457.18 Middlesex FOB-0.73-0.65-0.65-0.55 13.01 478.04-0.67 12.61 463.43 PROCESSORS Hamilton -0.35-0.30-0.25-0.20 13.39 492.00-0.25 13.03 478.86 Windsor -0.41-0.37-0.34 N/A 13.33 489.79-0.49 12.79 470.04 Winchester -0.78 12.96 476.20-0.73 12.55 461.23 TRANSFER Hamilton -0.35 N/A N/A N/A 13.39 492.00-0.30 12.98 477.03 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.19 13.55 497.880.03 13.31 489.15 Toledo El. -0.18 13.56 498.29-0.38 12.90 474.17 Bank of Canada Noon exchange rate was 0.9914 down 0.0015 Chicago wheat closed slightly higher. MAY12 HI 6.73 JUL12 HI 6.78 1/2 LOW 6.60 LOW 6.66 3/4 CLOSE 6.72 Up 7 1/4 CLOSE 6.77 1/4 Up 4 3/4 Minni wheat closed mixed. MAY12 HI 8.26 SEP12 HI 8.07 1/2 LOW 8.18 LOW 7.99 1/2 CLOSE 8.22 3/4 Up 2 1/2 CLOSE 8.01 1/4 Down 3 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.14 0.70 0.06 -0.55 CAD $/bu 6.58 7.42 6.78 7.68 CAD $/tonne 241.72 272.76 249.02 282.16 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 0.30 -0.30 N/A N/A 0.25 -0.40 N/A London -0.24 0.35 -0.29 N/A -0.02 0.38 -0.42 N/A Hensall -0.30 N/A -0.30 N/A 0.10 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 -0.40 N/A N/A N/A -0.53 N/A Norwich -0.30 N/A -0.30 N/A 0.10 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 0.10 N/A -0.45 N/A Chatham N/A 0.30 -0.32 N/A N/A 0.27 -0.49 N/A Brigden N/A 0.30 -0.32 N/A N/A 0.27 -0.49 N/A Palmerston N/A 0.50 -0.24 -0.53 N/A 0.44 -0.35 -0.80 Varna -0.30 0.35 -0.34 N/A -0.10 0.50 -0.40 N/A Mitchell -0.30 0.35 -0.30 N/A 0.10 0.40 -0.45 N/A Thornton N/A N/A N/A -0.76 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.60 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.00 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 0.26N/A 0.50 0.95 0.36N/A Toledo El. 6.76US 6.72CA 6.89US 6.85CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.06 0.70 -0.14 -0.45 CAD $/bu 6.83 7.48 6.63 7.56 CAD $/tonne 250.94 274.67 243.64 277.96 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 305.00 - 315.00 Bayport Oats 315.00 Bayport Barley 295.00 FOB Hm Soymeal 428.14 - 432.55 DDG's FOB Srn, Wndr, Aylm 185.00 - 220.00