FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, March 31 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9718 up 0.0004 Chicago corn closed limit up. MAY11 HI 6.93 1/4 DEC11 HI 6.25 1/4 LOW 6.59 1/4 LOW 5.92 1/2 CLOSE6.93 1/4 Up 30 CLOSE 6.25 1/4 Up 30 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL11+JUL11+SEP11 CK Low -0.75 6.18 243.39 -1.00 5.25 206.78 CK High -0.70 6.23 245.36 -0.98 5.27 207.57 CK Avg -0.71 -0.51 6.22 244.84 -1.00 -0.81 5.26 206.91 Essex Cty -0.70 6.23 245.36 -1.00 5.25 206.78 Mdsx Low -0.75 6.18 243.39 -1.00 5.25 206.78 Mdsx High -0.70 6.23 245.36 -1.00 5.25 206.78 Mdsx Avg -0.72 -0.51 6.22 244.71 -1.00 -0.81 5.25 206.78 Hensall -0.70 6.23 245.36 -1.00 5.25 206.78 Bruce -0.70 6.23 245.36 -1.00 5.25 206.78 Putnam -0.70 6.23 245.36 -1.00 5.25 206.78 Princeton -0.70 6.23 245.36 -1.00 5.25 206.78 Durham -0.80 6.13 241.43 -1.05 5.20 204.81 Norfolk -0.73 6.20 244.18 -0.98 5.27 207.57 Trenton -0.70 6.23 245.36 -1.00 5.25 206.78 Winchester -0.50 6.43 253.24 -0.90 5.35 210.72 North Gower -0.60 6.33 249.30 -0.85 5.40 212.69 Huron FOB -0.70 6.23 245.36 -1.00 5.25 206.78 Kent FOB -0.73 6.20 244.18 -0.98 5.27 207.57 Lamb FOB -0.73 6.20 244.18 -0.98 5.27 207.57 Mdsx FOB -0.75 -0.75N/A N/A 6.18 243.39 -1.00 5.25 206.78 FOB SW Que -0.40 6.53 257.17 -0.70 5.55 218.59 Track -0.28 6.66 262.09N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.80 5.45 214.66 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.50 216.62 Aylmer-Eth -0.65 -0.55 -0.55N/A 6.28 247.33N/A Sarn-Eth N/A -0.55 -0.45 -0.40 N/A Cllngwd-Eth -0.45N/A N/A N/A 6.48 255.20-0.70* 5.55 218.59 Kwrth-Eth -0.40N/A N/A N/A 6.53 257.17N/A London-Cas N/A N/A -0.65 -0.05 -0.70 5.55 218.59 Pt.Colb-Cas N/A N/A N/A 0.05 -0.65 5.60 220.56 Cardnl-Cas N/A N/A N/A 0.10 -0.60 5.65 222.53 W O Feed -0.41 -0.38 6.52 256.78 US Rep 0.10 0.13 7.03 276.86 Toledo El. -0.13 6.81 267.95 -0.46 5.80 228.19 TRANSFER Sarnia -0.70 6.23 245.36 -1.00 5.25 206.78 Pt. Stanley -0.80 6.13 241.43 -1.04 5.21205 1/5 Hamilton -0.50 6.43 253.24 -0.75 5.50216 5/8 MID SD CRN -0.72 1/2 6.20 3/4 HI SD CRN -0.70 6.23 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9718 up 0.0004 Chicago soybeans closed higher. MAY11 HI 14.32 NOV11 HI 14.08 3/4 LOW 13.68 1/2 LOW 13.57 1/4 CLOSE14.10 1/4 Up 38 1/4 CLOSE 13.95 Up 31 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+JUL11 CK Low -1.09 13.01 478.13-1.40 12.55 461.13 CK High -1.00 13.10 481.43-1.25 12.70 466.65 CK Average -1.05 -0.6313.06 479.74-1.35-0.9412.60 462.90 Essex Cty -0.99 13.11 481.80-1.25 12.70 466.65 Mdsx Low -1.08 13.02 478.49-1.40 12.55 461.13 Mdsx High -1.00 13.10 481.43-1.34 12.61 463.34 Mdsx Average -1.03 -0.6213.07 480.21-1.36-0.9512.59 462.60 Hensall -1.03 13.08 480.52-1.40 12.55 461.13 Bruce -1.00 13.10 481.43-1.40 12.55 461.13 Putnam -1.00 13.10 481.43-1.40 12.55 461.13 Princeton -1.02 13.08 480.70-1.30 12.65 464.81 Durham -1.04 13.06 479.96-1.36 12.59 462.60 Norfolk -0.93 13.17 484.01-1.32 12.63 464.07 Trenton -1.10 13.00 477.76-1.35 12.60 462.97 Winchester -1.15 12.95 475.92-1.24 12.71 467.01 North Gower -1.00 13.10 481.43-1.05 12.90 473.99 Huron FOB -0.90 13.20 485.11-1.30 12.65 464.81 Kent FOB -1.03 13.07 480.33-1.37 12.58 462.24 Lambton FOB -1.03 13.07 480.33-1.37 12.58 462.24 Middlesex FOB-0.82-0.82 N/A N/A 13.28 488.05-1.12 12.83 471.42 PROCESSORS Hamilton -0.60-0.60-0.70-0.70 13.50 496.13-0.80 13.15 483.18 Windsor -0.56-0.57-0.66-0.65 13.54 497.60-0.81 13.14 482.81 Winchester -1.00 13.10 481.43-1.10 12.85 472.16 TRANSFER Hamilton -0.57 N/A N/A N/A 13.53 497.23-0.76 13.19 484.65 Pt. Stanley -1.06 13.04 479.23-1.30 12.65 464.81 Sarnia -0.83 13.27 487.68-0.75 13.20 485.02 Owen Sound N/A N/A Sorel QC -0.45 13.65 501.64-0.40 13.55 497.88 Toledo El. -0.19 13.91 511.05-0.47 13.48 495.46 Bank of Canada Noon exchange rate was 0.9718 up 0.0004 Chicago wheat closed higher. MAY11 HI 7.73 1/2 JUL11 HI 8.08 1/2 LOW 7.21 3/4 LOW 7.58 CLOSE 7.63 1/4 Up 36 CLOSE 7.99 1/4 Up 36 Minni wheat closed higher. MAY11 HI 9.33 SEP11 HI 9.43 1/4 LOW 8.85 LOW 8.95 CLOSE 9.23 3/4 Up 37 3/4 CLOSE 9.35 3/4 Up 37 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.71 -0.32 -0.76 -0.55 CAD $/bu 6.92 7.31 6.87 8.69 CAD $/tonne 254.32 268.58 252.53 319.39 Direct MarkHarvest 2010 Harvest 2011 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 -0.50 -1.00 N/A N/A -0.95 -1.60 N/A London -0.94 -0.55 -1.09 N/A -1.22 -1.37 -1.71 N/A Hensall -0.60 N/A -0.95 N/A -0.95 N/A -1.60 N/A Trenton N/A N/A N/A N/A N/A N/A -1.45 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.30 Essex N/A N/A -0.99 N/A N/A N/A -1.76 N/A Norwich -0.60 N/A -0.95 N/A -0.95 N/A -1.60 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.60 N/A -0.95 N/A -0.95 N/A -1.65 N/A Chatham N/A -0.50 -1.14 N/A N/A -1.36 -1.67 N/A Brigden N/A -0.50 -1.14 N/A N/A -1.36 -1.67 N/A Palmerston N/A -0.49 -0.04 -0.05 N/A -0.89 -1.57 -0.86 Mitchell -0.60 -0.40 -0.95 N/A -0.95 -0.90 -1.60 N/A Thornton N/A N/A N/A -1.43 N/A N/A N/A -1.82 North Gower N/A N/A N/A N/A N/A N/A N/A -0.70 TERMINAL Sarnia -0.85 -0.21 -0.65 N/A -0.98 -0.73 -1.42 N/A Hamilton N/A N/A -0.33 N/A N/A N/A -1.07 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A -1.51 N/A PROCESSORS Toledo FM N/A N/A -0.42 N/A 0.01 0.05 -0.72 N/A Toledo El. 7.27US 7.06CA 7.46US 7.24CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.96 -0.62 -1.55 -0.86 CAD $/bu 7.03 7.37 6.45 8.50 CAD $/tonne 258.24 270.72 236.85 312.26 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 300.00 Bayport Oats 300.00 Bayport Barley 255.00 FOB Hm Soymeal 400.92 - 402.02 DDG's FOB Srn, Wndr, Aylm 190.00 - 205.00