FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, March 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0003 up 0.0072 Chicago corn closed narrowly mixed. MAY12 HI 6.47 1/2 DEC12 HI 5.59 3/4 LOW 6.36 3/4 LOW 5.50 1/2 CLOSE6.44 1/2 Up 2 1/2 CLOSE 5.55 3/4 Down 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 -0.50 5.95 234.04 -0.75 4.81 189.26 CK High -0.50 5.95 234.04 -0.70 4.86 191.23 CK Avg -0.50 -0.51 5.95 234.04 -0.74 -0.75 4.82 189.72 Essex Cty -0.50 5.95 234.04 -0.75 4.81 189.26 Mdsx Low -0.50 5.95 234.04 -0.75 4.81 189.26 Mdsx High -0.50 5.95 234.04 -0.75 4.81 189.26 Mdsx Avg -0.50 -0.51 5.95 234.04 -0.75 -0.76 4.81 189.26 Hensall -0.50 5.95 234.04 -0.75 4.81 189.26 Bruce -0.50 5.95 234.04 -0.75 4.81 189.26 Putnam -0.50 5.95 234.04 -0.75 4.81 189.26 Burford -0.50 5.95 234.04 -0.75 4.81 189.26 Port Perry -0.50 5.95 234.04 -0.75 4.81 189.26 Norfolk -0.50 5.95 234.04 -0.73 4.83 190.05 Palmerston -0.50 5.95 234.04 -0.75 4.81 189.26 Varna -0.50 5.95 234.04 -0.75 4.81 189.26 Trenton -0.35 6.10 239.95 -0.75 4.81 189.26 Winchester N/A N/A North Gower -0.40 6.05 237.98 -0.70 4.86 191.23 Huron FOB -0.33 6.12 240.74 -0.70 4.86 191.23 Kent FOB -0.50 5.95 234.04 -0.73 4.83 190.05 Lamb FOB -0.50 5.95 234.04 -0.73 4.83 190.05 Mdsx FOB -0.50 -0.45 -0.40 -0.40 5.95 234.04 -0.75 4.81 189.26 FOB SW Que 0.05 6.50 255.70 -0.30 5.26 206.98 Track -0.05 6.40 251.76N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 5.01 197.14 Jhnstwn-Eth N/A 0.15 0.15 0.20 -0.35 5.21 205.01 Aylmer-Eth N/A N/A -0.30 -0.25 -0.50 5.06 199.10 Sarn-Eth N/A -0.30 -0.15 -0.20 N/A Cllngwd-Eth N/A 0.10 0.10N/A -0.30* 5.26 206.98 London-Cas N/A N/A -0.10 -0.10 -0.50 5.06 199.10 Pt.Colb-Cas N/A N/A N/A N/A -0.45 5.11 201.07 Cardnl-Cas N/A N/A 0.15 0.15 -0.45 5.11 201.07 W O Feed 0.01 0.01 6.46 254.12 US Rep 0.65 0.65 7.10 279.32 Toledo El. 0.04 6.49 255.31 -0.38 5.18 203.79 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.30 6.15242 -0.48 5.08199 8/9 MID SD CRN -0.50 5.94 1/2 HI SD CRN -0.50 5.94 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0003 up 0.0072 Chicago soybeans closed slightly lower. MAY12 HI 13.60 NOV12 HI 13.22 LOW 13.38 1/2 LOW 13.04 1/4 CLOSE13.49 1/2 Down 5 1/2 CLOSE 13.11 3/4 Down 6 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.75 12.75 468.30-0.80 12.32 452.59 CK High -0.65 12.85 471.97-0.70 12.42 456.27 CK Average -0.69 -0.7212.80 470.38-0.77-0.8012.35 453.75 Essex Cty -0.49 13.01 477.85-0.61 12.51 459.57 Mdsx Low -0.70 12.80 470.14-0.75 12.37 454.43 Mdsx High -0.70 12.80 470.14-0.73 12.39 455.16 Mdsx Average -0.70 -0.7312.80 470.14-0.74-0.7712.38 454.80 Hensall -0.63 12.87 472.89-0.70 12.42 456.27 Bruce -0.70 12.80 470.14-0.80 12.32 452.59 Putnam -0.70 12.80 470.14-0.75 12.37 454.43 Burford -0.67 12.83 471.24-0.70 12.42 456.27 Port Perry -0.73 12.77 469.03-0.76 12.36 454.06 Norfolk -0.61 12.89 473.44-0.70 12.42 456.27 Palmerston -0.65 12.85 471.97-0.75 12.37 454.43 Varna -0.55 12.95 475.65-0.65 12.47 458.10 Trenton -0.85 12.65 464.62-0.75 12.37 454.43 Winchester N/A N/A North Gower -0.63 12.87 472.71-0.68 12.44 457.00 Huron FOB -0.40 13.10 481.16-0.55 12.57 461.78 Kent FOB -0.65 12.85 471.97-0.75 12.37 454.43 Lambton FOB -0.65 12.85 471.97-0.75 12.37 454.43 Middlesex FOB-0.60-0.55-0.55 N/A 12.90 473.81-0.57 12.55 461.04 PROCESSORS Hamilton -0.25-0.20-0.15-0.10 13.25 486.67-0.20 12.92 474.64 Windsor -0.26-0.22-0.19-0.18 13.24 486.30-0.39 12.73 467.66 Winchester -0.85 12.65 464.62-0.80 12.32 452.59 TRANSFER Hamilton -0.35 N/A N/A N/A 13.15 483.00-0.25 12.87 472.80 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.30 13.20 484.83-0.10 13.02 478.31 Toledo El. -0.18 13.31 489.23-0.38 12.74 467.99 Bank of Canada Noon exchange rate was 1.0003 up 0.0072 Chicago wheat closed slightly higher. MAY12 HI 6.47 1/2 JUL12 HI 6.57 LOW 6.31 1/4 LOW 6.41 1/4 CLOSE 6.46 1/4 Up 10 CLOSE 6.55 1/2 Up 9 3/4 Minni wheat closed slightly higher. MAY12 HI 8.08 SEP12 HI 7.86 1/4 LOW 7.95 LOW 7.73 1/4 CLOSE 8.07 Up 8 1/4 CLOSE 7.85 1/2 Up 8 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.09 0.77 0.12 -0.48 CAD $/bu 6.38 7.23 6.58 7.59 CAD $/tonne 234.32 265.62 241.69 278.79 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 -0.30 N/A N/A 0.25 -0.35 N/A London -0.19 0.41 -0.24 N/A -0.08 0.22 -0.58 N/A Hensall -0.30 N/A -0.30 N/A 0.10 N/A -0.35 N/A Trenton N/A N/A N/A N/A N/A N/A -0.55 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A -0.33 N/A N/A N/A -0.46 N/A Norwich -0.30 N/A -0.30 N/A 0.10 N/A -0.35 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 -0.28 N/A N/A 0.27 -0.45 N/A Brigden N/A 0.30 -0.28 N/A N/A 0.27 -0.45 N/A Palmerston N/A 0.51 -0.23 -0.51 N/A 0.45 -0.34 -0.79 Varna -0.20 0.35 -0.20 N/A -0.10 0.50 -0.25 N/A Mitchell -0.30 0.40 -0.30 N/A 0.10 0.40 -0.35 N/A Thornton N/A N/A N/A -0.92 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.64 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 0.00 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 0.32N/A 0.57 1.02 0.42N/A Toledo El. 6.50US 6.52CA 6.68US 6.69CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.12 0.77 -0.09 -0.38 CAD $/bu 6.67 7.32 6.47 7.47 CAD $/tonne 245.09 269.03 237.73 274.56 (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 300.00 FOB Hm Soymeal 424.51 - 426.71 DDG's FOB Srn, Wndr, Aylm 192.00 - 220.00