FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, April 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9566 down 0.0027 Chicago corn closed moderately higher. MAY11 HI 7.69 1/4 DEC11 HI 6.53 LOW 7.51 1/4 LOW 6.42 1/4 CLOSE7.68 Up 9 CLOSE 6.53 Up 8 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 -0.80 6.88 270.85 -1.10 5.43 213.77 CK High -0.70 6.98 274.79 -1.05 5.48 215.74 CK Avg -0.77 -0.46 6.91 272.17 -1.09 -0.83 5.44 214.10 Essex Cty -0.70 6.98 274.79 1.05 7.58 298.41 Mdsx Low -0.80 6.88 270.85 -1.10 5.43 213.77 Mdsx High -0.70 6.98 274.79 -1.05 5.48 215.74 Mdsx Avg -0.75 -0.44 6.93 272.82 -1.08 -0.82 5.45 214.43 Hensall -0.78 6.91 271.84 -1.10 5.43 213.77 Bruce -0.75 6.93 272.82 -1.10 5.43 213.77 Putnam -0.75 6.93 272.82 -1.10 5.43 213.77 Princeton -0.70 6.98 274.79 -1.05 5.48 215.74 Durham -0.85 6.83 268.89 -1.15 5.38 211.80 Norfolk -0.80 6.88 270.85 -1.10 5.43 213.77 Trenton -0.75 6.93 272.82 -1.05 5.48 215.74 Winchester -0.50 7.18 282.66 -0.95 5.58 219.67 North Gower -0.65 7.03 276.76 -1.20 5.33 209.83 Huron FOB -0.75 6.93 272.82 -1.05 5.48 215.74 Kent FOB -0.80 6.88 270.85 -1.10 5.43 213.77 Lamb FOB -0.80 6.88 270.85 -1.10 5.43 213.77 Mdsx FOB -0.80 -0.80 -0.75N/A 6.88 270.85 -1.10 5.43 213.77 FOB SW Que -0.60 7.08 278.73 -0.85 5.68 223.61 Track -0.30 7.38 290.54N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.80 5.73 225.58 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.65 -0.55 -0.55N/A 7.03 276.76N/A Sarn-Eth -0.60 -0.55 -0.50 -0.45 7.08 278.73N/A Cllngwd-Eth N/A N/A N/A N/A -0.75* 5.78 227.55 Kwrth-Eth -0.50N/A N/A N/A 7.18 282.66N/A London-Cas N/A N/A -0.65 -0.05 -0.80 5.73 225.58 Pt.Colb-Cas N/A N/A N/A 0.10 -0.75 5.78 227.55 Cardnl-Cas N/A N/A N/A 0.15 -0.75 5.78 227.55 W O Feed -0.38 -0.34 7.30 287.39 US Rep -0.10 -0.06 7.58 298.41 Toledo El. -0.12 7.56 297.44 -0.27 6.26 246.50 TRANSFER Sarnia -0.70 6.98 274.79 -1.05 5.48 215.74 Pt. Stanley -0.80 6.88 270.85 -1.10 5.43213 7/9 Hamilton -0.50 7.18 282.66 -0.80 5.73225 4/7 MID SD CRN -0.75 6.93 HI SD CRN -0.70 6.98 *Wet Bid Bank of Canada Noon exchange rate was 0.9566 down 0.0027 Chicago soybeans closed higher. MAY11 HI 13.94 NOV11 HI 13.96 1/4 LOW 13.62 1/2 LOW 13.65 CLOSE13.92 1/4 Up 28 3/4 CLOSE 13.96 Up 30 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.28 12.64 464.53-1.55 12.41 455.99 CK High -1.20 12.72 467.47-1.44 12.52 460.03 CK Average -1.23 -0.6712.69 466.30-1.51-0.9512.45 457.31 Essex Cty -1.16 12.76 468.94-1.41 12.55 461.13 Mdsx Low -1.30 12.62 463.80-1.58 12.38 454.89 Mdsx High -1.20 12.72 467.47-1.47 12.49 458.93 Mdsx Average -1.23 -0.6712.69 466.25-1.53-0.9712.43 456.60 Hensall -1.20 12.72 467.47-1.58 12.39 455.07 Bruce -1.20 12.72 467.47-1.55 12.41 455.99 Putnam -1.20 12.72 467.47-1.55 12.41 455.99 Princeton -1.18 12.74 468.21-1.42 12.54 460.77 Durham -1.26 12.66 465.27-1.55 12.41 455.99 Norfolk -1.18 12.74 468.21-1.49 12.47 458.19 Trenton -1.30 12.62 463.80-1.50 12.46 457.83 Winchester -1.37 12.55 461.23-1.45 12.51 459.66 North Gower -1.05 12.87 472.98-1.35 12.61 463.34 Huron FOB -1.05 12.87 472.98-1.10 12.86 472.52 Kent FOB -1.23 12.69 466.37-1.54 12.42 456.36 Lambton FOB -1.23 12.69 466.37-1.54 12.42 456.36 Middlesex FOB-1.01-1.02 N/A N/A 12.91 474.45-1.36 12.60 462.97 PROCESSORS Hamilton -0.80-0.85-1.00-1.00 13.12 482.17-1.05 12.91 474.36 Windsor -0.75-0.75-0.85-0.85 13.17 484.01-1.05 12.91 474.36 Winchester -1.23 12.69 466.37-1.31 12.65 464.81 TRANSFER Hamilton -0.70 N/A N/A N/A 13.22 485.84-0.95 13.01 478.04 Pt. Stanley -1.20 12.72 467.47-1.40 12.56 461.50 Sarnia -1.01 12.91 474.45-1.00 12.96 476.20 Owen Sound N/A N/A Sorel QC -0.65 13.27 487.68-0.65 13.31 489.06 Toledo El. -0.19 13.73 504.51-0.41 13.55 497.78 Bank of Canada Noon exchange rate was 0.9566 down 0.0027 Chicago wheat closed higher. MAY11 HI 8.02 1/4 JUL11 HI 8.36 3/4 LOW 7.65 3/4 LOW 8.01 3/4 CLOSE 7.97 1/2 Up 24 1/4 CLOSE 8.32 1/4 Up 23 1/4 Minni wheat closed moderately higher. MAY11 HI 9.58 SEP11 HI 9.66 1/2 LOW 9.33 1/4 LOW 9.46 1/4 CLOSE 9.53 1/4 Up 12 1/2 CLOSE 9.63 1/4 Up 11 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.80 -0.42 -0.85 -0.65 CAD $/bu 7.17 7.56 7.13 8.88 CAD $/tonne 263.56 277.67 261.80 326.24 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 -0.98 -0.64 -1.12 N/A -1.26 -1.02 -1.65 N/A Hensall -0.60 N/A -0.95 N/A -0.85 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 -1.06 N/A N/A N/A -1.63 N/A Norwich -0.60 N/A -0.95 N/A -0.85 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 -0.85 N/A -1.55 N/A Chatham N/A -0.45 -1.02 N/A N/A -0.85 -1.61 N/A Brigden N/A -0.45 -1.02 N/A N/A -0.85 -1.61 N/A Palmerston N/A -0.42 -0.96 -0.01 N/A -0.82 -1.46 -0.90 Mitchell -0.60 -0.40 -0.95 N/A -0.85 -0.85 -1.55 N/A Thornton N/A N/A N/A -1.37 N/A N/A N/A -1.52 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 -0.42 N/A -0.10 0.24 -0.67 N/A Toledo El. 7.67US 7.36CA 7.59US 7.29CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.06 -0.72 -1.63 -0.96 CAD $/bu 7.27 7.60 6.69 8.67 CAD $/tonne 267.00 279.34 245.85 318.48 (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 380.52 - 382.73 DDG's FOB Srn, Wndr, Aylm 210.00 - 220.00