FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, April 6 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9588 down 0.0048 Chicago corn closed mixed. MAY11 HI 7.67 DEC11 HI 6.47 1/2 LOW 7.57 1/2 LOW 6.40 CLOSE7.63 Down 3 3/4 CLOSE 6.47 1/2 Up 3/4 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 6.88 270.85 -1.05 5.43 213.57 CK High -0.70 6.93 272.82 -1.05 5.43 213.57 CK Avg -0.72 -0.42 6.91 272.17 -1.05 -0.80 5.43 213.57 Essex Cty -0.70 6.93 272.82 1.05 7.53 296.25 Mdsx Low -0.75 6.88 270.85 -1.05 5.43 213.57 Mdsx High -0.70 6.93 272.82 -1.05 5.43 213.57 Mdsx Avg -0.72 -0.42 6.91 272.17 -1.05 -0.80 5.43 213.57 Hensall -0.70 6.93 272.82 -1.05 5.43 213.57 Bruce -0.70 6.93 272.82 -1.05 5.43 213.57 Putnam -0.70 6.93 272.82 -1.05 5.43 213.57 Princeton -0.70 6.93 272.82 -1.05 5.43 213.57 Durham -0.80 6.83 268.89 -1.10 5.38 211.60 Norfolk -0.70 6.93 272.82 -1.05 5.43 213.57 Trenton -0.75 6.88 270.85 -1.05 5.43 213.57 Winchester -0.50 7.13 280.70 -0.95 5.53 217.51 North Gower -0.55 7.08 278.73 -0.85 5.63 221.45 Huron FOB -0.65 6.98 274.79 -1.05 5.43 213.57 Kent FOB -0.70 6.93 272.82 -1.05 5.43 213.57 Lamb FOB -0.70 6.93 272.82 -1.05 5.43 213.57 Mdsx FOB -0.75N/A N/A N/A 6.88 270.85 -1.05 5.43 213.57 FOB SW Que -0.50 7.13 280.70 -0.90 5.58 219.48 Track -0.28 7.36 289.55N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.80 5.68 223.41 Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.73 225.38 Aylmer-Eth -0.65 -0.55 -0.55N/A 6.98 274.79N/A Sarn-Eth -0.55 -0.50 -0.45 -0.35 7.08 278.73N/A Cllngwd-Eth N/A N/A N/A N/A -0.75* 5.73 225.38 Kwrth-Eth -0.55N/A N/A N/A 7.08 278.73N/A London-Cas N/A N/A -0.65 -0.05 -0.80 5.68 223.41 Pt.Colb-Cas N/A N/A N/A 0.10 -0.75 5.73 225.38 Cardnl-Cas N/A N/A N/A 0.15 -0.75 5.73 225.38 W O Feed -0.38 -0.34 7.25 285.42 US Rep -0.10 -0.06 7.53 296.44 Toledo El. -0.12 7.51 295.46 -0.45 6.02 237.13 TRANSFER Sarnia -0.70 6.93 272.82 -1.05 5.43 213.57 Pt. Stanley -0.85 6.78 266.92 -1.05 5.43213 4/7 Hamilton -0.35 7.28 286.60 -0.78 5.70224 1/5 MID SD CRN -0.72 1/2 6.90 1/2 HI SD CRN -0.70 6.93 *Wet Bid Bank of Canada Noon exchange rate was 0.9588 down 0.0048 Chicago soybeans closed narrowly mixed. MAY11 HI 13.88 1/4 NOV11 HI 13.91 1/4 LOW 13.72 3/4 LOW 13.72 1/4 CLOSE13.76 1/2 Up 3 1/4 CLOSE 13.76 1/4 Down 2 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.25 12.52 459.85-1.50 12.26 450.57 CK High -1.15 12.62 463.52-1.44 12.32 452.77 CK Average -1.20 -0.6612.57 461.68-1.47-0.9312.29 451.53 Essex Cty -1.16 12.61 463.15-1.41 12.35 453.88 Mdsx Low -1.24 12.53 460.21-1.52 12.24 449.83 Mdsx High -1.15 12.62 463.52-1.47 12.29 451.67 Mdsx Average -1.20 -0.6612.57 461.81-1.50-0.9612.27 450.69 Hensall -1.15 12.62 463.52-1.53 12.24 449.65 Bruce -1.15 12.62 463.52-1.50 12.26 450.57 Putnam -1.15 12.62 463.52-1.50 12.26 450.57 Princeton -1.18 12.59 462.42-1.42 12.34 453.51 Durham -1.20 12.57 461.68-1.49 12.27 450.94 Norfolk -1.11 12.66 464.99-1.40 12.36 454.24 Trenton -1.30 12.47 458.01-1.50 12.26 450.57 Winchester -1.33 12.44 456.91-1.41 12.35 453.88 North Gower -1.05 12.72 467.20-1.10 12.66 465.27 Huron FOB -0.90 12.87 472.71-1.45 12.31 452.41 Kent FOB -1.16 12.61 463.15-1.45 12.31 452.41 Lambton FOB -1.16 12.61 463.15-1.45 12.31 452.41 Middlesex FOB-0.99-0.99 N/A N/A 12.78 469.40-1.30 12.46 457.92 PROCESSORS Hamilton -0.75-0.75-0.90-0.90 13.02 478.22-0.90 12.86 472.62 Windsor -0.75-0.77-0.82 N/A 13.02 478.22-1.02 12.74 468.21 Winchester -1.12 12.65 464.62-1.21 12.55 461.23 TRANSFER Hamilton -0.65 N/A N/A N/A 13.12 481.89-0.85 12.91 474.45 Pt. Stanley -1.10 12.67 465.36-1.30 12.46 457.92 Sarnia -1.01 12.76 468.67-1.00 12.76 468.94 Owen Sound N/A N/A Sorel QC -0.50 13.27 487.41-0.50 13.26 487.31 Toledo El. -0.19 13.57 498.72-0.46 13.30 488.74 Bank of Canada Noon exchange rate was 0.9588 down 0.0048 Chicago wheat closed slightly lower. MAY11 HI 7.92 1/2 JUL11 HI 8.28 1/2 LOW 7.77 3/4 LOW 8.14 CLOSE 7.82 1/4 Down 4 CLOSE 8.18 1/4 Down 4 1/2 Minni wheat closed slightly lower. MAY11 HI 9.65 1/4 SEP11 HI 9.76 1/2 LOW 9.52 1/4 LOW 9.64 1/2 CLOSE 9.54 1/2 Down 7 3/4 CLOSE 9.66 Down 6 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.79 -0.40 -0.84 -0.64 CAD $/bu 7.04 7.42 6.99 8.90 CAD $/tonne 258.51 272.63 256.74 327.09 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 -0.80 -1.60 N/A London -1.04 -0.61 -1.13 N/A -1.33 -1.09 -1.71 N/A Hensall -0.60 N/A -0.95 N/A -0.95 N/A -1.55 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 -1.09 N/A N/A N/A -1.81 N/A Norwich -0.60 N/A -0.95 N/A -0.95 N/A -1.55 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 -1.60 N/A Chatham N/A -0.45 -0.97 N/A N/A -0.85 -1.55 N/A Brigden N/A -0.45 -0.97 N/A N/A -0.85 -1.55 N/A Palmerston N/A -0.60 -1.14 -0.19 N/A -1.00 -1.67 -0.99 Mitchell -0.60 -0.40 -0.95 N/A -0.95 -0.90 -1.55 N/A Thornton N/A N/A N/A -1.51 N/A N/A N/A -1.65 North Gower N/A N/A N/A N/A N/A N/A N/A -1.43 TERMINAL Sarnia -0.90 -0.13 -0.61 N/A -1.08 -0.55 -1.23 N/A Hamilton N/A N/A -0.35 N/A N/A N/A -0.85 N/A Pt. Stanley N/A N/A -0.80 N/A N/A N/A -1.30 N/A PROCESSORS Toledo FM N/A N/A -0.50 N/A -0.08 0.06 -0.71 N/A Toledo El. 7.51US 7.22CA 7.65US 7.35CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.04 -0.71 -1.62 -0.96 CAD $/bu 7.14 7.48 6.56 8.70 CAD $/tonne 262.39 274.75 241.21 319.85 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 295.00 - 300.00 Bayport Oats 300.00 Bayport Barley 257.00 FOB Hm Soymeal 378.76 - 380.97 DDG's FOB Srn, Wndr, Aylm 200.00 - 210.00