FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, April 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9625 up 0.0078 Chicago corn closed sharply lower. MAY11 HI 7.75 1/2 DEC11 HI 6.56 3/4 LOW 7.46 3/4 LOW 6.27 1/4 CLOSE7.52 1/2 Down 23 1/2 CLOSE 6.36 1/2 Down 20 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 6.73 264.75 -1.10 5.27 207.27 CK High -0.70 6.83 268.69 -1.05 5.32 209.24 CK Avg -0.78 -0.50 6.75 265.60 -1.09 -0.86 5.27 207.60 Essex Cty -0.70 6.83 268.69 -1.05 5.32 209.24 Mdsx Low -0.80 6.73 264.75 -1.10 5.27 207.27 Mdsx High -0.70 6.83 268.69 -1.05 5.32 209.24 Mdsx Avg -0.77 -0.49 6.76 266.06 -1.08 -0.85 5.28 207.93 Hensall -0.80 6.73 264.75 -1.10 5.27 207.27 Bruce -0.80 6.73 264.75 -1.10 5.27 207.27 Putnam -0.80 6.73 264.75 -1.10 5.27 207.27 Princeton -0.70 6.83 268.69 -1.05 5.32 209.24 Durham -0.85 6.68 262.78 -1.15 5.22 205.31 Norfolk -0.77 6.76 265.93 -1.10 5.27 207.27 Trenton -0.75 6.78 266.72 -1.10 5.27 207.27 Winchester -0.55 6.98 274.59 -1.00 5.37 211.21 North Gower -0.65 6.88 270.66 -1.20 5.17 203.34 Huron FOB -0.75 6.78 266.72 -1.05 5.32 209.24 Kent FOB -0.77 6.76 265.93 -1.10 5.27 207.27 Lamb FOB -0.77 6.76 265.93 -1.10 5.27 207.27 Mdsx FOB -0.80 -0.80 -0.75N/A 6.73 264.75 -1.10 5.27 207.27 FOB SW Que -0.60 6.93 272.63 -0.80 5.57 219.08 Track -0.40 7.13 280.50N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.80 5.57 219.08 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.65 -0.55 -0.55N/A 6.88 270.66N/A Sarn-Eth N/A N/A -0.50 -0.45 N/A Cllngwd-Eth -0.65N/A N/A N/A 6.88 270.66-0.75* 5.62 221.05 Kwrth-Eth -0.50N/A N/A N/A 7.03 276.56N/A London-Cas N/A N/A -0.50 0.15 -0.80 5.57 219.08 Pt.Colb-Cas N/A N/A N/A 0.20 -0.75 5.62 221.05 Cardnl-Cas N/A N/A N/A 0.25 -0.75 5.62 221.05 W O Feed -0.38 -0.34 7.15 281.29 US Rep 0.15 0.19 7.68 302.15 Toledo El. -0.13 7.40 291.32 -0.27 6.10 239.96 TRANSFER Sarnia -0.70 6.83 268.69 -1.05 5.32 209.24 Pt. Stanley -0.80 6.73 264.75 -1.10 5.27207 2/7 Hamilton -0.50 7.03 276.56 -0.80 5.57219 MID SD CRN -0.75 6.77 1/2 HI SD CRN -0.70 6.82 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9625 up 0.0078 Chicago soybeans closed lower. MAY11 HI 13.70 1/4 NOV11 HI 13.81 1/2 LOW 13.18 1/4 LOW 13.28 1/2 CLOSE13.29 3/4 Down 38 3/4 CLOSE 13.44 1/4 Down 36 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.25 12.05 442.67-1.50 11.94 438.81 CK High -1.15 12.15 446.34-1.43 12.01 441.38 CK Average -1.19 -0.7012.11 444.95-1.48-0.9811.97 439.69 Essex Cty -1.11 12.19 447.81-1.36 12.08 443.96 Mdsx Low -1.27 12.03 441.93-1.54 11.90 437.34 Mdsx High -1.15 12.15 446.34-1.44 12.00 441.02 Mdsx Average -1.20 -0.7112.09 444.38-1.49-1.0011.95 439.06 Hensall -1.15 12.15 446.34-1.53 11.92 437.89 Bruce -1.15 12.15 446.34-1.50 11.94 438.81 Putnam -1.15 12.15 446.34-1.50 11.94 438.81 Princeton -1.13 12.17 447.08-1.39 12.05 442.85 Durham -1.23 12.07 443.40-1.51 11.93 438.44 Norfolk -1.10 12.20 448.18-1.38 12.06 443.22 Trenton -1.35 11.95 439.00-1.45 11.99 440.65 Winchester -1.50 11.80 433.48-1.42 12.02 441.75 North Gower -1.00 12.30 451.86-1.30 12.14 446.16 Huron FOB -1.00 12.30 451.86-1.35 12.09 444.32 Kent FOB -1.15 12.15 446.34-1.43 12.01 441.38 Lambton FOB -1.15 12.15 446.34-1.43 12.01 441.38 Middlesex FOB-0.90-0.90 N/A N/A 12.40 455.53-1.25 12.19 448.00 PROCESSORS Hamilton -0.70-0.75-0.90-0.90 12.60 462.88-0.95 12.49 459.02 Windsor -0.66-0.68-0.77-0.77 12.64 464.35-0.98 12.46 457.92 Winchester -1.27 12.03 441.93-1.35 12.09 444.32 TRANSFER Hamilton -0.70 N/A N/A N/A 12.60 462.88-0.95 12.49 459.02 Pt. Stanley -1.15 12.15 446.34-1.35 12.09 444.32 Sarnia -0.94 12.36 454.06-0.98 12.46 457.92 Owen Sound N/A N/A Sorel QC -0.65 12.65 464.72-0.65 12.79 470.04 Toledo El. -0.22 13.08 480.46-0.41 13.03 478.71 Bank of Canada Noon exchange rate was 0.9625 up 0.0078 Chicago wheat closed lower. MAY11 HI 8.02 3/4 JUL11 HI 8.35 1/4 LOW 7.50 1/2 LOW 7.83 1/4 CLOSE 7.59 1/2 Down 38 3/4 CLOSE 7.92 1/4 Down 39 1/2 Minni wheat closed lower. MAY11 HI 9.39 SEP11 HI 9.50 3/4 LOW 8.97 1/2 LOW 9.10 1/2 CLOSE 9.11 3/4 Down 24 CLOSE 9.21 1/2 Down 26 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.71 -0.33 -0.76 -0.43 CAD $/bu 6.88 7.27 6.83 8.68 CAD $/tonne 252.83 266.98 251.06 319.08 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 -0.45 -0.95 N/A N/A -0.75 -1.55 N/A London -0.87 -0.53 -1.01 N/A -1.20 -0.91 -1.58 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 -1.02 N/A N/A N/A -1.59 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 -0.37 -0.97 N/A N/A -0.77 -1.55 N/A Brigden N/A -0.37 -0.97 N/A N/A -0.77 -1.55 N/A Palmerston N/A -0.44 -0.97 -0.02 N/A -0.83 -1.47 -0.92 Mitchell -0.60 -0.40 -0.95 N/A -0.85 -0.75 -1.55 N/A Thornton N/A N/A N/A -1.23 N/A N/A N/A -1.48 North Gower N/A N/A N/A N/A N/A N/A N/A -1.43 TERMINAL Sarnia -0.84 -0.02 -0.55 N/A -0.93 -0.44 -1.24 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 -0.80 N/A N/A N/A -1.45 N/A PROCESSORS Toledo FM N/A N/A -0.38 N/A -0.05 0.28 -0.63 N/A Toledo El. 7.37US 7.09CA 7.19US 6.93CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.97 -0.58 -1.45 -0.92 CAD $/bu 6.96 7.34 6.47 8.30 CAD $/tonne 255.57 269.72 237.88 304.84 (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 364.21 - 366.41 DDG's FOB Srn, Wndr, Aylm 210.00 - 220.00