FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, April 14 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9626 down 0.0014 Chicago corn closed mixed. MAY11 HI 7.60 1/4 DEC11 HI 6.56 1/2 LOW 7.41 1/4 LOW 6.37 3/4 CLOSE7.54 1/4 Down 1 1/4 CLOSE 6.55 1/2 Up 10 1/2 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 6.74 265.44 -1.10 5.46 214.75 CK High -0.77 6.77 266.62 -1.10 5.46 214.75 CK Avg -0.80 -0.50 6.75 265.64 -1.10 -0.85 5.46 214.75 Essex Cty -0.80 6.74 265.44 -1.10 5.46 214.75 Mdsx Low -0.80 6.74 265.44 -1.10 5.46 214.75 Mdsx High -0.80 6.74 265.44 -1.10 5.46 214.75 Mdsx Avg -0.80 -0.51 6.74 265.44 -1.10 -0.85 5.46 214.75 Hensall -0.80 6.74 265.44 -1.10 5.46 214.75 Bruce -0.80 6.74 265.44 -1.10 5.46 214.75 Putnam -0.80 6.74 265.44 -1.10 5.46 214.75 Princeton -0.80 6.74 265.44 -1.10 5.46 214.75 Durham -0.85 6.69 263.47 -1.15 5.41 212.79 Norfolk -0.77 6.77 266.62 -1.10 5.46 214.75 Trenton -0.75 6.79 267.41 -1.10 5.46 214.75 Winchester -0.55 6.99 275.28 -1.00 5.56 218.69 North Gower -0.65 6.89 271.35 -1.20 5.36 210.82 Huron FOB -0.75 6.79 267.41 -1.05 5.51 216.72 Kent FOB -0.77 6.77 266.62 -1.10 5.46 214.75 Lamb FOB -0.77 6.77 266.62 -1.10 5.46 214.75 Mdsx FOB -0.80 -0.80 -0.75N/A 6.74 265.44 -1.10 5.46 214.75 FOB SW Que -0.50 7.04 277.25 -0.85 5.71 224.60 Track -0.40 7.14 281.19N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.80 5.76 226.56 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.65 -0.55 -0.55N/A 6.89 271.35N/A Sarn-Eth N/A N/A -0.50 -0.45 N/A Cllngwd-Eth -0.65N/A N/A N/A 6.89 271.35-0.75* 5.81 228.53 Kwrth-Eth N/A -0.45N/A N/A N/A London-Cas N/A N/A -0.50 0.15 -0.80 5.76 226.56 Pt.Colb-Cas N/A N/A N/A 0.20 -0.75 5.81 228.53 Cardnl-Cas N/A N/A N/A 0.25 -0.75 5.81 228.53 W O Feed -0.35 -0.31 7.20 283.31 US Rep 0.10 0.14 7.64 300.87 Toledo El. -0.12 7.42 292.02 -0.27 6.29 247.46 TRANSFER Sarnia -0.80 6.74 265.44 -1.10 5.46 214.75 Pt. Stanley -0.80 6.74 265.44 -1.10 5.46214 3/4 Hamilton -0.50 7.04 277.25 -0.80 5.76226 4/7 MID SD CRN -0.78 1/2 6.75 3/4 HI SD CRN -0.77 6.77 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9626 down 0.0014 Chicago soybeans closed slightly lower. MAY11 HI 13.37 3/4 NOV11 HI 13.55 1/2 LOW 13.16 1/2 LOW 13.34 3/4 CLOSE13.31 Down 2 1/2 CLOSE 13.45 1/4 Down 6 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.15 12.16 446.80-1.41 12.04 442.49 CK High -1.05 12.26 450.48-1.35 12.10 444.69 CK Average -1.10 -0.5912.21 448.49-1.38-0.8612.07 443.51 Essex Cty -1.05 12.26 450.48-1.28 12.17 447.26 Mdsx Low -1.15 12.16 446.80-1.57 11.88 436.61 Mdsx High -1.05 12.26 450.48-1.40 12.05 442.85 Mdsx Average -1.10 -0.5812.21 448.76-1.47-0.9511.98 440.28 Hensall -1.05 12.26 450.48-1.43 12.03 441.93 Bruce -1.05 12.26 450.48-1.40 12.05 442.85 Putnam -1.05 12.26 450.48-1.40 12.05 442.85 Princeton -1.08 12.23 449.38-1.31 12.14 446.16 Durham -1.11 12.20 448.27-1.41 12.04 442.49 Norfolk -1.03 12.28 451.21-1.32 12.13 445.79 Trenton -1.30 12.01 441.29-1.40 12.05 442.85 Winchester -1.50 11.81 433.94-1.30 12.15 446.53 North Gower -0.90 12.41 455.99-0.80 12.65 464.90 Huron FOB -0.90 12.41 455.99-1.25 12.20 448.37 Kent FOB -1.08 12.23 449.38-1.37 12.08 443.96 Lambton FOB -1.08 12.23 449.38-1.37 12.08 443.96 Middlesex FOB-0.88-0.88 N/A N/A 12.43 456.72-1.23 12.22 449.10 PROCESSORS Hamilton -0.70-0.75-0.90-0.90 12.61 463.34-0.95 12.50 459.39 Windsor -0.67-0.69-0.78-0.78 12.64 464.44-0.99 12.46 457.92 Winchester -1.40 11.91 437.62-1.32 12.13 445.79 TRANSFER Hamilton -0.70 N/A N/A N/A 12.61 463.34-0.95 12.50 459.39 Pt. Stanley -1.15 12.16 446.80-1.35 12.10 444.69 Sarnia -0.94 12.37 454.52-0.91 12.54 460.86 Owen Sound N/A N/A Sorel QC -0.55 12.76 468.85-0.55 12.90 474.09 Toledo El. -0.17 13.14 482.70-0.41 13.04 479.11 Bank of Canada Noon exchange rate was 0.9626 down 0.0014 Chicago wheat closed moderately lower. MAY11 HI 7.60 3/4 JUL11 HI 7.96 LOW 7.33 1/4 LOW 7.68 1/2 CLOSE 7.40 1/2 Down 12 1/4 CLOSE 7.76 1/4 Down 11 3/4 Minni wheat closed moderately lower. MAY11 HI 9.11 3/4 SEP11 HI 9.21 3/4 LOW 8.87 3/4 LOW 8.98 3/4 CLOSE 8.89 3/4 Down 14 1/4 CLOSE 9.00 Down 15 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.72 -0.19 -0.67 -0.44 CAD $/bu 6.69 7.21 6.73 8.46 CAD $/tonne 245.68 265.10 247.44 310.76 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 -0.40 -0.95 N/A N/A -0.80 -1.55 N/A London -0.81 -0.43 -0.96 N/A -1.10 -0.79 -1.52 N/A Hensall -0.55 N/A -0.90 N/A -0.80 N/A -1.50 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 -0.96 N/A N/A N/A -1.59 N/A Norwich -0.55 N/A -0.90 N/A -0.80 N/A -1.50 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.55 N/A -0.90 N/A -0.80 N/A -1.50 N/A Chatham N/A -0.37 -0.93 N/A N/A -0.77 -1.47 N/A Brigden N/A -0.37 -0.93 N/A N/A -0.77 -1.47 N/A Palmerston N/A -0.34 -0.88 0.09 N/A -0.94 -1.39 -0.81 Mitchell -0.55 -0.40 -0.90 N/A -0.80 -0.70 -1.50 N/A Thornton N/A N/A N/A -1.14 N/A N/A N/A -1.36 North Gower N/A N/A N/A N/A N/A N/A N/A -1.43 TERMINAL Sarnia -0.85 -0.03 -0.56 N/A -0.93 -0.40 -1.17 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 -0.06 0.28 -0.64 N/A Toledo El. 7.18US 6.90CA 7.03US 6.76CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.97 -0.49 -1.36 -0.92 CAD $/bu 6.79 7.27 6.41 8.08 CAD $/tonne 249.47 267.14 235.34 296.72 (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 364.32 - 366.52 DDG's FOB Srn, Wndr, Aylm 210.00 - 230.00