FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9492 up 0.0006 Chicago corn closed moderately to sharply lower. JUL11 HI 7.61 1/2 DEC11 HI 6.75 LOW 7.31 3/4 LOW 6.58 CLOSE7.34 1/2 Down 22 CLOSE 6.61 1/4 Down 8 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL11+SEP11+SEP11 CK Low -0.65 6.70 263.57 -1.15 5.46 215.05 CK High -0.65 6.70 263.57 -1.10 5.51 217.02 CK Avg -0.65 -0.30 6.70 263.57 -1.11 -0.79 5.50 216.69 Essex Cty -0.65 6.70 263.57 -1.10 5.51 217.02 Mdsx Low -0.65 6.70 263.57 -1.15 5.46 215.05 Mdsx High -0.65 6.70 263.57 -1.10 5.51 217.02 Mdsx Avg -0.65 -0.30 6.70 263.57 -1.12 -0.80 5.50 216.36 Hensall -0.65 6.70 263.57 -1.10 5.51 217.02 Bruce -0.65 6.70 263.57 -1.10 5.51 217.02 Putnam -0.65 6.70 263.57 -1.10 5.51 217.02 Princeton -0.65 6.70 263.57 -1.10 5.51 217.02 Durham -0.65 6.70 263.57 -1.15 5.46 215.05 Norfolk -0.65 6.70 263.57 -1.10 5.51 217.02 Trenton -0.65 6.70 263.57 -1.15 5.46 215.05 Winchester -0.40 6.95 273.41 -1.00 5.61 220.95 North Gower -0.70 6.65 261.60 -1.25 5.36 211.11 Huron FOB -0.65 6.70 263.57 -1.05 5.56 218.99 Kent FOB -0.65 6.70 263.57 -1.10 5.51 217.02 Lamb FOB -0.65 6.70 263.57 -1.10 5.51 217.02 Mdsx FOB -0.65N/A N/A N/A 6.70 263.57 -1.10 5.51 217.02 FOB SW Que -0.50 6.85 269.48 -0.90 5.71 224.89 Track -0.18 7.17 282.27N/A PROCESSORS Chat-Eth N/A -0.45 0.00 0.08 -0.75 5.86 230.80 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.55 -0.55N/A N/A 6.80 267.51N/A Sarn-Eth N/A -0.50 -0.30 -0.20 N/A Cllngwd-Eth -0.50N/A N/A N/A 6.85 269.48-0.80* 5.81 228.83 Kwrth-Eth -0.25N/A N/A N/A 7.10 279.32N/A London-Cas N/A N/A 0.00 0.20 N/A 6.02 236.80 Pt.Colb-Cas N/A N/A 0.20 0.25 N/A 6.07 238.77 Cardnl-Cas N/A N/A 0.25 0.30 N/A 6.07 238.77 W O Feed -0.33 -0.28 7.02 276.17 US Rep 0.20 0.25 7.55 297.03 Toledo El. -0.11 7.23 284.66 -0.45 6.17 242.71 TRANSFER Sarnia -0.65 6.70 263.57 -1.00 5.61 220.95 Pt. Stanley -0.76 6.59 259.24 -1.17 5.44214 1/4 Hamilton -0.37 6.98 274.59 -0.88 5.73225 2/3 MID SD CRN -1.12 1/2 5.48 3/4 HI SD CRN -1.10 5.51 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9492 up 0.0006 Chicago soybeans closed slightly lower. JUL11 HI 14.02 1/2 NOV11 HI 13.82 LOW 13.81 1/4 LOW 13.63 CLOSE13.93 Down 1 CLOSE 13.73 3/4 Down 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.23 12.70 466.65-1.59 12.15 446.34 CK High -1.15 12.78 469.58-1.54 12.20 448.18 CK Average -1.17 -0.5012.76 468.97-1.56-0.9012.18 447.51 Essex Cty -1.20 12.73 467.75-1.59 12.15 446.34 Mdsx Low -1.16 12.77 469.22-1.56 12.18 447.45 Mdsx High -1.13 12.80 470.32-1.54 12.20 448.18 Mdsx Average -1.15 -0.4812.78 469.71-1.55-0.8912.19 447.81 Hensall -1.15 12.78 469.58-1.50 12.24 449.65 Bruce -1.15 12.78 469.58-1.55 12.19 447.81 Putnam -1.10 12.83 471.42-1.55 12.19 447.81 Princeton -1.16 12.77 469.22-1.56 12.18 447.45 Durham -1.13 12.80 470.32-1.57 12.17 447.08 Norfolk -1.12 12.81 470.69-1.54 12.20 448.18 Trenton -1.30 12.63 464.07-1.45 12.29 451.49 Winchester -1.40 12.53 460.40-1.33 12.41 455.90 North Gower -1.20 12.73 467.75-1.45 12.29 451.49 Huron FOB -1.00 12.93 475.10-1.45 12.29 451.49 Kent FOB -1.17 12.76 468.85-1.59 12.15 446.34 Lambton FOB -1.17 12.76 468.85-1.59 12.15 446.34 Middlesex FOB-0.92-0.90 N/A N/A 13.01 478.04-1.37 12.37 454.43 PROCESSORS Hamilton -0.69-0.84-0.80-0.85 13.24 486.49-1.15 12.59 462.51 Windsor -0.74-0.75-0.07 N/A 13.19 484.65-1.20 12.54 460.67 Winchester -1.00 12.93 475.10-1.33 12.41 455.90 TRANSFER Hamilton -0.75 N/A N/A N/A 13.18 484.28-1.05 12.69 466.19 Pt. Stanley -1.10 12.83 471.42-1.50 12.24 449.65 Sarnia -1.00 12.93 475.10-1.18 12.56 461.41 Owen Sound N/A N/A Sorel QC -0.47 13.46 494.57-0.75 12.99 477.21 Toledo El. -0.23 13.70 503.44-0.46 13.28 487.98 Bank of Canada Noon exchange rate was 0.9492 up 0.0006 Chicago wheat closed slightly lower. JUL11 HI 8.24 1/2 JUL11 HI 8.24 1/2 LOW 7.89 LOW 7.89 CLOSE 7.91 3/4 Down 9 1/2 CLOSE 7.91 3/4 Down 9 1/2 Minni wheat closed moderately lower. JUL11 HI 9.71 3/4 SEP11 HI 9.69 3/4 LOW 9.33 1/2 LOW 9.31 1/2 CLOSE 9.37 1/2 Down 10 1/2 CLOSE 9.33 3/4 Down 13 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.09 -0.48 -0.95 -0.59 CAD $/bu 6.82 7.44 6.97 8.78 CAD $/tonne 250.72 273.46 255.97 322.70 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 -1.00 N/A N/A -0.70 -1.57 N/A London -1.04 -0.76 -1.28 N/A -1.06 -0.82 -1.58 N/A Hensall -0.80 N/A -1.15 N/A -0.85 N/A -1.55 N/A Trenton N/A N/A N/A N/A N/A N/A -1.30 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.30 Essex N/A N/A -1.07 N/A N/A N/A -1.59 N/A Norwich -0.80 N/A -1.15 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 -0.80 N/A -1.15 N/A -0.85 N/A -1.55 N/A Chatham N/A -0.60 -1.21 N/A N/A -0.60 -1.53 N/A Brigden N/A -0.60 -1.21 N/A N/A -0.60 -1.53 N/A Palmerston N/A -0.58 -1.16 -0.08 N/A -1.17 -1.93 -0.97 Mitchell -0.80 -0.60 -1.15 N/A -0.85 -0.70 -1.55 N/A Thornton N/A N/A N/A -1.54 N/A N/A N/A -1.62 North Gower N/A N/A N/A N/A N/A N/A N/A -1.20 TERMINAL Sarnia -0.79 -0.27 -0.79 N/A -0.91 -0.38 -1.24 N/A Hamilton N/A N/A -0.50 N/A N/A N/A -1.00 N/A Pt. Stanley N/A N/A -0.90 N/A N/A N/A -1.45 N/A PROCESSORS Toledo FM N/A N/A -0.68 N/A -0.14 0.29 -0.62 N/A Toledo El. 7.50US 7.14CA 7.64US 7.27CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.05 -0.48 -1.33 -1.02 CAD $/bu 6.87 7.44 6.59 8.32 CAD $/tonne 252.47 273.46 241.98 305.64 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 298.00 Bayport Oats 300.00 Bayport Barley 257.00 FOB Hm Soymeal 385.04 - 386.15 DDG's FOB Srn, Wndr, Aylm 220.00 - 240.00