FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, April 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9593 up 0.0005 Chicago corn closed slightly lower. MAY11 HI 7.73 1/4 DEC11 HI 6.49 3/4 LOW 7.52 3/4 LOW 6.36 1/2 CLOSE7.59 Down 4 CLOSE 6.44 1/4 Down 3 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 6.84 269.28 -1.10 5.34 210.32 CK High -0.70 6.89 271.25 -1.05 5.39 212.29 CK Avg -0.73 -0.43 6.86 269.94 -1.08 -0.82 5.37 211.31 Essex Cty -0.70 6.89 271.25 1.05 7.49 294.97 Mdsx Low -0.75 6.84 269.28 -1.10 5.34 210.32 Mdsx High -0.70 6.89 271.25 -1.05 5.39 212.29 Mdsx Avg -0.73 -0.43 6.86 269.94 -1.07 -0.81 5.38 211.64 Hensall -0.75 6.84 269.28 -1.10 5.34 210.32 Bruce -0.75 6.84 269.28 -1.10 5.34 210.32 Putnam -0.75 6.84 269.28 -1.10 5.34 210.32 Princeton -0.70 6.89 271.25 -1.05 5.39 212.29 Durham -0.80 6.79 267.31 -1.10 5.34 210.32 Norfolk -0.70 6.89 271.25 -1.05 5.39 212.29 Trenton -0.75 6.84 269.28 -1.05 5.39 212.29 Winchester -0.50 7.09 279.12 -0.95 5.49 216.23 North Gower -0.55 7.04 277.15 -0.85 5.59 220.17 Huron FOB -0.70 6.89 271.25 -1.05 5.39 212.29 Kent FOB -0.70 6.89 271.25 -1.05 5.39 212.29 Lamb FOB -0.70 6.89 271.25 -1.05 5.39 212.29 Mdsx FOB -0.75 -0.75 -0.70N/A 6.84 269.28 -1.05 5.39 212.29 FOB SW Que -0.60 6.99 275.18 -0.85 5.59 220.17 Track -0.30 7.29 286.99N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.80 5.64 222.14 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.65 -0.55 -0.55N/A 6.94 273.22N/A Sarn-Eth -0.55 -0.50 -0.45 -0.35 7.04 277.15N/A Cllngwd-Eth N/A N/A N/A N/A -0.75* 5.69 224.10 Kwrth-Eth -0.50N/A N/A N/A 7.09 279.12N/A London-Cas N/A N/A -0.65 -0.05 -0.80 5.64 222.14 Pt.Colb-Cas N/A N/A N/A 0.10 -0.75 5.69 224.10 Cardnl-Cas N/A N/A N/A 0.15 -0.75 5.69 224.10 W O Feed -0.38 -0.34 7.21 283.85 US Rep -0.10 -0.06 7.49 294.87 Toledo El. -0.12 7.47 293.89 -0.27 6.17 243.04 TRANSFER Sarnia -0.70 6.89 271.25 -1.05 5.39 212.29 Pt. Stanley -0.80 6.79 267.31 -1.10 5.34210 1/3 Hamilton -0.50 7.09 279.12 -0.80 5.64222 1/7 MID SD CRN -0.72 1/2 6.86 1/2 HI SD CRN -0.70 6.89 *Wet Bid Bank of Canada Noon exchange rate was 0.9593 up 0.0005 Chicago soybeans closed slightly to moderately lower. MAY11 HI 13.83 1/4 NOV11 HI 13.85 LOW 13.60 1/2 LOW 13.62 3/4 CLOSE13.63 1/2 Down 13 CLOSE 13.65 1/2 Down 10 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.23 12.41 455.81-1.50 12.16 446.62 CK High -1.15 12.49 458.75-1.44 12.22 448.82 CK Average -1.19 -0.6512.45 457.42-1.47-0.9312.18 447.58 Essex Cty -1.16 12.48 458.38-1.41 12.25 449.93 Mdsx Low -1.24 12.40 455.44-1.52 12.14 445.88 Mdsx High -1.15 12.49 458.75-1.47 12.19 447.72 Mdsx Average -1.20 -0.6612.44 457.03-1.50-0.9612.16 446.74 Hensall -1.15 12.49 458.75-1.53 12.13 445.70 Bruce -1.15 12.49 458.75-1.50 12.16 446.62 Putnam -1.15 12.49 458.75-1.50 12.16 446.62 Princeton -1.18 12.46 457.64-1.42 12.24 449.56 Durham -1.20 12.44 456.91-1.49 12.17 446.99 Norfolk -1.14 12.50 459.11-1.42 12.24 449.56 Trenton -1.30 12.34 453.23-1.50 12.16 446.62 Winchester -1.33 12.31 452.13-1.41 12.25 449.93 North Gower -1.05 12.59 462.42-1.10 12.56 461.32 Huron FOB -1.00 12.64 464.26-1.45 12.21 448.46 Kent FOB -1.19 12.45 457.28-1.47 12.19 447.72 Lambton FOB -1.19 12.45 457.28-1.47 12.19 447.72 Middlesex FOB-0.96-0.96 N/A N/A 12.68 465.73-1.30 12.36 453.97 PROCESSORS Hamilton -0.75-0.80-0.95-0.95 12.89 473.44-1.00 12.66 464.99 Windsor -0.70-0.72-0.81-0.80 12.94 475.28-1.01 12.65 464.62 Winchester -1.23 12.41 455.81-1.31 12.35 453.60 TRANSFER Hamilton -0.70 N/A N/A N/A 12.94 475.28-0.95 12.71 466.83 Pt. Stanley -1.20 12.44 456.91-1.40 12.26 450.29 Sarnia -1.01 12.63 463.89-1.00 12.66 464.99 Owen Sound N/A N/A Sorel QC -0.60 13.04 478.95-0.60 13.06 479.69 Toledo El. -0.19 13.44 493.94-0.41 13.24 486.56 Bank of Canada Noon exchange rate was 0.9593 up 0.0005 Chicago wheat closed slightly lower. MAY11 HI 7.93 JUL11 HI 8.28 LOW 7.57 1/4 LOW 7.88 CLOSE 7.73 1/4 Down 9 CLOSE 8.09 Down 9 1/4 Minni wheat closed moderately lower. MAY11 HI 9.66 1/4 SEP11 HI 9.75 LOW 9.29 LOW 9.40 1/2 CLOSE 9.40 3/4 Down 13 3/4 CLOSE 9.52 Down 14 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 -0.83 -0.64 CAD $/bu 6.95 7.33 6.90 8.77 CAD $/tonne 255.21 269.32 253.44 322.08 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 -0.85 -1.55 N/A London -0.94 -0.61 -1.09 N/A -1.23 -0.99 -1.62 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 -1.61 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 -1.55 N/A Chatham N/A -0.45 -1.00 N/A N/A -0.85 -1.58 N/A Brigden N/A -0.45 -1.00 N/A N/A -0.85 -1.58 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 -1.47 N/A N/A N/A -1.60 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 -0.40 N/A N/A N/A -1.00 N/A Pt. Stanley N/A N/A -0.85 N/A N/A N/A -1.45 N/A PROCESSORS Toledo FM N/A N/A -0.40 N/A -0.08 0.26 -0.66 N/A Toledo El. 7.42US 7.13CA 7.36US 7.07CA 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 -0.95 CAD $/bu 7.05 7.38 6.47 8.57 CAD $/tonne 259.00 271.35 237.83 314.75 (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 373.58 - 375.78 DDG's FOB Srn, Wndr, Aylm 200.00 - 210.00