FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 25 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9541 up 0.0022 Chicago corn closed higher to sharply higher. MAY11 HI 7.65 1/4 DEC11 HI 6.82 3/4 LOW 7.46 LOW 6.73 1/2 CLOSE7.62 1/2 Up 25 1/4 CLOSE 6.81 1/2 Up 16 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 6.83 268.69 -1.15 5.67 223.02 CK High -0.64 6.99 274.99 -1.10 5.72 224.99 CK Avg -0.68 -0.34 6.94 273.35 -1.14 -0.84 5.67 223.35 Essex Cty -0.80 6.83 268.69 -1.10 5.72 224.99 Mdsx Low -0.80 6.83 268.69 -1.15 5.67 223.02 Mdsx High -0.64 6.99 274.99 -1.10 5.72 224.99 Mdsx Avg -0.70 -0.36 6.93 272.76 -1.13 -0.83 5.68 223.68 Hensall -0.65 6.98 274.59 -1.15 5.67 223.02 Bruce -0.65 6.98 274.59 -1.15 5.67 223.02 Putnam -0.65 6.98 274.59 -1.15 5.67 223.02 Princeton -0.80 6.83 268.69 -1.10 5.72 224.99 Durham -0.69 6.94 273.02 -1.20 5.62 221.05 Norfolk -0.65 6.98 274.59 -1.15 5.67 223.02 Trenton -0.70 6.93 272.63 -1.10 5.72 224.99 Winchester -0.45 7.18 282.47 -1.00 5.82 228.93 North Gower -0.70 6.93 272.63 -1.25 5.57 219.08 Huron FOB -0.65 6.98 274.59 -1.04 5.78 227.35 Kent FOB -0.65 6.98 274.59 -1.15 5.67 223.02 Lamb FOB -0.65 6.98 274.59 -1.15 5.67 223.02 Mdsx FOB -0.64 -0.64 -0.65N/A 6.99 274.99 -1.15 5.67 223.02 FOB SW Que -0.60 7.03 276.56 -0.85 5.97 234.83 Track -0.28 7.35 289.36N/A PROCESSORS Chat-Eth N/A N/A -0.45 -0.30 -0.75 6.07 238.77 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A -0.55 -0.55N/A N/A Sarn-Eth N/A N/A -0.50 -0.30 N/A Cllngwd-Eth -0.50N/A N/A N/A 7.13 280.50-0.80* 6.02 236.80 Kwrth-Eth N/A -0.35N/A N/A N/A London-Cas N/A N/A -0.50 0.15 -0.80 6.02 236.80 Pt.Colb-Cas N/A N/A N/A 0.20 -0.75 6.07 238.77 Cardnl-Cas N/A N/A N/A 0.25 -0.75 6.07 238.77 W O Feed -0.34 -0.29 7.29 286.96 US Rep 0.10 0.14 7.73 304.12 Toledo El. -0.11 7.51 295.67 -0.45 6.37 250.61 TRANSFER Sarnia -0.80 6.83 268.69 -1.10 5.72 224.99 Pt. Stanley -0.82 6.81 267.90 -1.14 5.68223 2/5 Hamilton -0.54 7.09 278.92 -0.85 5.97234 5/6 MID SD CRN -0.72 6.90 1/2 HI SD CRN -0.64 6.98 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9541 up 0.0022 Chicago soybeans closed steady to slightly higher. MAY11 HI 13.91 1/4 NOV11 HI 13.90 3/4 LOW 13.72 1/4 LOW 13.71 3/4 CLOSE13.89 1/2 Up 9 CLOSE 13.82 1/2 Unchanged OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.20 12.70 466.46-1.59 12.24 449.56 CK High -1.09 12.81 470.50-1.50 12.33 452.87 CK Average -1.12 -0.5112.77 469.28-1.54-0.9212.29 451.52 Essex Cty -1.07 12.83 471.24-1.44 12.39 455.07 Mdsx Low -1.16 12.74 467.93-1.56 12.27 450.66 Mdsx High -1.10 12.80 470.14-1.50 12.33 452.87 Mdsx Average -1.14 -0.5212.76 468.79-1.53-0.9112.30 451.89 Hensall -1.13 12.77 469.22-1.53 12.30 451.95 Bruce -1.10 12.80 470.14-1.50 12.33 452.87 Putnam -1.10 12.80 470.14-1.50 12.33 452.87 Princeton -1.11 12.79 469.77-1.50 12.33 452.87 Durham -1.12 12.78 469.40-1.53 12.30 451.76 Norfolk -1.04 12.86 472.34-1.50 12.33 452.87 Trenton -1.30 12.60 462.79-1.55 12.28 451.03 Winchester -1.11 12.79 469.77-1.43 12.40 455.44 North Gower -1.10 12.80 470.14-1.40 12.43 456.54 Huron FOB -0.95 12.95 475.65-1.45 12.38 454.70 Kent FOB -1.09 12.81 470.50-1.55 12.28 451.03 Lambton FOB -1.09 12.81 470.50-1.55 12.28 451.03 Middlesex FOB-0.88-0.88 N/A N/A 13.02 478.22-1.37 12.46 457.64 PROCESSORS Hamilton -0.60-0.60-0.75-0.75 13.30 488.51-1.10 12.73 467.56 Windsor -0.66-0.66-0.77-0.77 13.24 486.30-1.08 12.75 468.30 Winchester -1.01 12.89 473.44-1.03 12.80 470.14 TRANSFER Hamilton -0.55 N/A N/A N/A 13.35 490.34-1.00 12.83 471.24 Pt. Stanley -1.00 12.90 473.81-1.45 12.38 454.70 Sarnia -1.07 12.83 471.24-1.15 12.68 465.73 Owen Sound N/A N/A Sorel QC -0.46 13.44 493.65-0.70 13.13 482.26 Toledo El. -0.16 13.73 504.58-0.46 13.37 491.13 Bank of Canada Noon exchange rate was 0.9541 up 0.0022 Chicago wheat closed higher. MAY11 HI 8.30 JUL11 HI 8.65 LOW 8.06 3/4 LOW 8.42 CLOSE 8.26 Up 26 1/2 CLOSE 8.61 1/4 Up 26 1/2 Minni wheat closed higher. MAY11 HI 9.85 SEP11 HI 9.96 LOW 9.58 1/4 LOW 9.66 1/4 CLOSE 9.80 3/4 Up 29 1/4 CLOSE 9.91 3/4 Up 26 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.80 -0.27 -0.75 -0.53 CAD $/bu 7.46 7.99 7.51 9.28 CAD $/tonne 274.27 293.58 276.03 340.91 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 -0.60 -1.55 N/A London -0.83 -0.45 -1.07 N/A -1.16 -0.88 -1.59 N/A Hensall -0.60 N/A -0.95 N/A -0.85 N/A -1.60 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 -1.04 N/A N/A N/A -1.63 N/A Norwich -0.60 N/A -0.95 N/A -0.85 N/A -1.60 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 -1.60 N/A Chatham N/A -0.41 -1.05 N/A N/A -0.60 -1.64 N/A Brigden N/A -0.41 -1.05 N/A N/A -0.60 -1.64 N/A Palmerston N/A -0.47 -1.00 -0.06 N/A -0.87 -1.51 -0.96 Mitchell -0.60 -0.40 -0.95 N/A -0.85 -0.70 -1.60 N/A Thornton N/A N/A N/A -1.33 N/A N/A N/A -1.57 North Gower N/A N/A N/A N/A N/A N/A N/A -1.35 TERMINAL Sarnia -0.92 -0.10 -0.63 N/A -1.00 -0.47 -1.24 N/A Hamilton N/A N/A -0.20 N/A N/A N/A -1.00 N/A Pt. Stanley N/A N/A -0.60 N/A N/A N/A -1.45 N/A PROCESSORS Toledo FM N/A N/A -0.37 N/A -0.14 0.29 -0.62 N/A Toledo El. 8.13US 7.77CA 8.28US 7.92CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.05 -0.57 -1.43 -1.01 CAD $/bu 7.56 8.04 7.18 8.91 CAD $/tonne 277.87 295.43 263.82 327.21 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 295.00 - 298.00 Bayport Oats 300.00 Bayport Barley 257.00 FOB Hm Soymeal 384.82 DDG's FOB Srn, Wndr, Aylm 220.00 - 230.00