FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, April 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9629 down 0.0089 Chicago corn closed moderately to sharply higher. MAY11 HI 7.38 1/4 DEC11 HI 6.43 1/2 LOW 7.25 LOW 6.26 1/2 CLOSE7.36 Up 42 3/4 CLOSE 6.37 1/2 Up 12 1/4 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 6.61 260.22 -1.00 5.38 211.60 CK High -0.70 6.66 262.19 -0.95 5.43 213.57 CK Avg -0.71 -0.46 6.65 261.67 -0.99 -0.78 5.38 211.93 Essex Cty -0.70 6.66 262.19 -1.00 5.38 211.60 Mdsx Low -0.75 6.61 260.22 -1.00 5.38 211.60 Mdsx High -0.70 6.66 262.19 -1.00 5.38 211.60 Mdsx Avg -0.72 -0.47 6.64 261.54 -1.00 -0.78 5.38 211.60 Hensall -0.70 6.66 262.19 -1.00 5.38 211.60 Bruce -0.70 6.66 262.19 -1.00 5.38 211.60 Putnam -0.70 6.66 262.19 -1.00 5.38 211.60 Princeton -0.70 6.66 262.19 -1.00 5.38 211.60 Durham -0.80 6.56 258.26 -1.05 5.33 209.64 Norfolk -0.70 6.66 262.19 -0.95 5.43 213.57 Trenton -0.80 6.56 258.26 -1.05 5.33 209.64 Winchester -0.50 6.86 270.07 -0.90 5.48 215.54 North Gower N/A N/A Huron FOB -0.65 6.71 264.16 -1.00 5.38 211.60 Kent FOB -0.70 6.66 262.19 -0.95 5.43 213.57 Lamb FOB -0.70 6.66 262.19 -0.95 5.43 213.57 Mdsx FOB -0.75 -0.75N/A N/A 6.61 260.22 -1.00 5.38 211.60 FOB SW Que -0.40 6.96 274.00 -0.70 5.68 223.41 Track -0.28 7.09 278.92N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.80 5.58 219.48 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.63 221.45 Aylmer-Eth -0.65 -0.55 -0.55N/A 6.71 264.16N/A Sarn-Eth N/A -0.55 -0.45 -0.40 N/A Cllngwd-Eth -0.45N/A N/A N/A 6.91 272.03-0.70* 5.68 223.41 Kwrth-Eth -0.50N/A N/A N/A 6.86 270.07N/A London-Cas N/A N/A -0.65 -0.05 -0.70 5.68 223.41 Pt.Colb-Cas N/A N/A N/A 0.05 -0.65 5.73 225.38 Cardnl-Cas N/A N/A N/A 0.10 -0.60 5.78 227.35 W O Feed -0.42 -0.38 6.94 273.22 US Rep 0.10 0.14 7.46 293.69 Toledo El. -0.13 7.23 284.81 -0.27 6.10 240.32 TRANSFER Sarnia -0.70 6.66 262.19 -1.00 5.38 211.60 Pt. Stanley -0.85 6.51 256.29 -1.05 5.33209 5/8 Hamilton -0.55 6.81 268.10 -0.78 5.60220 1/4 MID SD CRN -0.72 1/2 6.63 1/2 HI SD CRN -0.70 6.66 *Wet Bid Bank of Canada Noon exchange rate was 0.9629 down 0.0089 Chicago soybeans closed slightly to moderately lower. MAY11 HI 14.16 1/2 NOV11 HI 14.00 LOW 13.86 1/2 LOW 13.78 CLOSE13.93 3/4 Down 16 1/2 CLOSE 13.89 1/4 Down 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.19 12.75 468.39-1.45 12.44 457.18 CK High -1.05 12.89 473.53-1.35 12.54 460.86 CK Average -1.11 -0.6412.83 471.40-1.41-0.9412.48 458.51 Essex Cty -1.08 12.86 472.43-1.34 12.55 461.23 Mdsx Low -1.13 12.81 470.60-1.45 12.44 457.18 Mdsx High -1.05 12.89 473.53-1.02 12.87 472.98 Mdsx Average -1.09 -0.6212.84 471.94-1.28-0.8112.61 463.31 Hensall -1.08 12.86 472.62-1.45 12.44 457.18 Bruce -1.05 12.89 473.53-1.45 12.44 457.18 Putnam -1.05 12.89 473.53-1.45 12.44 457.18 Princeton -1.08 12.86 472.43-1.37 12.52 460.12 Durham -1.09 12.85 472.06-1.40 12.49 459.02 Norfolk -1.05 12.89 473.53-1.36 12.53 460.49 Trenton -1.10 12.84 471.70-1.35 12.54 460.86 Winchester -1.15 12.79 469.86-1.24 12.65 464.90 North Gower N/A N/A Huron FOB -0.90 13.04 479.05-1.35 12.54 460.86 Kent FOB -1.10 12.84 471.70-1.41 12.48 458.65 Lambton FOB -1.10 12.84 471.70-1.41 12.48 458.65 Middlesex FOB-0.90-0.90 N/A N/A 13.04 479.05-1.16 12.73 467.84 PROCESSORS Hamilton -0.65-0.70-0.85-0.85 13.29 488.23-0.95 12.94 475.56 Windsor -0.66-0.68-0.76-0.75 13.28 487.86-0.89 13.00 477.76 Winchester -1.05 12.89 473.53-1.14 12.75 468.57 TRANSFER Hamilton -0.63 N/A N/A N/A 13.31 488.97-0.87 13.02 478.49 Pt. Stanley -1.12 12.82 470.96-1.36 12.53 460.49 Sarnia -0.91 13.03 478.68-0.83 13.06 479.96 Owen Sound N/A N/A Sorel QC -0.45 13.49 495.58-0.40 13.49 495.76 Toledo El. -0.24 13.70 503.24-0.42 13.48 495.20 Bank of Canada Noon exchange rate was 0.9629 down 0.0089 Chicago wheat closed slightly lower. MAY11 HI 7.74 JUL11 HI 8.10 LOW 7.44 3/4 LOW 7.81 CLOSE 7.59 1/2 Down 3 3/4 CLOSE 7.96 Down 3 1/4 Minni wheat closed slightly lower. MAY11 HI 9.36 1/2 SEP11 HI 9.48 1/2 LOW 9.10 1/4 LOW 9.21 3/4 CLOSE 9.22 1/2 Down 1 1/4 CLOSE 9.34 Down 1 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.74 -0.35 -0.79 -0.58 CAD $/bu 6.85 7.24 6.81 8.64 CAD $/tonne 251.86 266.06 250.08 317.53 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 -0.98 -0.59 -1.12 N/A -1.27 -1.52 -1.70 N/A Hensall N/A N/A N/A 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 -1.04 N/A N/A N/A -1.80 N/A Norwich N/A N/A N/A 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 N/A N/A N/A N/A -0.95 N/A -1.65 N/A Chatham N/A -0.45 -1.17 N/A N/A -0.85 -1.72 N/A Brigden N/A -0.45 -1.17 N/A N/A -0.85 -1.72 N/A Palmerston N/A -0.52 -1.07 -0.08 N/A -0.92 -1.60 -0.89 Mitchell N/A N/A N/A N/A -0.95 -0.90 -1.60 N/A Thornton N/A N/A N/A -1.45 N/A N/A N/A -1.82 North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia -1.02 -0.35 -0.73 N/A -1.02 -0.68 -1.41 N/A Hamilton N/A N/A -0.36 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 -0.45 N/A -0.03 0.12 -0.66 N/A Toledo El. 7.29US 7.04CA 7.21US 6.97CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.99 -0.66 -1.57 -0.90 CAD $/bu 6.97 7.30 6.39 8.44 CAD $/tonne 255.94 268.36 234.64 310.25 (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 386.81 - 390.11 DDG's FOB Srn, Wndr, Aylm 190.00 - 205.00