FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.949 down 0.0002 Chicago corn closed mixed. JUL11 HI 7.43 DEC11 HI 6.72 1/2 LOW 7.21 1/4 LOW 6.52 3/4 CLOSE7.23 3/4 Down 10 3/4 CLOSE 6.62 1/4 Up 1 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 6.59 259.34 -1.10 5.52 217.41 CK High -0.60 6.64 261.31 -1.05 5.57 219.38 CK Avg -0.62 -0.28 6.62 260.65 -1.08 -0.77 5.55 218.40 Essex Cty -0.65 6.59 259.34 -1.10 5.52 217.41 Mdsx Low -0.65 6.59 259.34 -1.10 5.52 217.41 Mdsx High -0.60 6.64 261.31 -1.05 5.57 219.38 Mdsx Avg -0.62 -0.28 6.62 260.65 -1.07 -0.76 5.56 218.72 Hensall -0.60 6.64 261.31 -1.05 5.57 219.38 Bruce -0.60 6.64 261.31 -1.05 5.57 219.38 Putnam -0.60 6.64 261.31 -1.05 5.57 219.38 Princeton -0.65 6.59 259.34 -1.10 5.52 217.41 Durham -0.60 6.64 261.31 -1.10 5.52 217.41 Norfolk -0.65 6.59 259.34 -1.10 5.52 217.41 Trenton -0.60 6.64 261.31 -1.10 5.52 217.41 Winchester -0.35 6.89 271.15 -1.00 5.62 221.35 North Gower -0.70 6.54 257.37 -1.25 5.37 211.51 Huron FOB -0.60 6.64 261.31 -1.00 5.62 221.35 Kent FOB -0.65 6.59 259.34 -1.10 5.52 217.41 Lamb FOB -0.65 6.59 259.34 -1.10 5.52 217.41 Mdsx FOB -0.60 -0.55 -0.45 -0.35 6.64 261.31 -1.05 5.57 219.38 FOB SW Que -0.50 6.74 265.24 -0.90 5.72 225.28 Track -0.15 7.09 279.02N/A PROCESSORS Chat-Eth N/A -0.45 -0.04 0.04 -0.75 5.87 231.19 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.55 -0.55 0.10N/A 6.69 263.28N/A Sarn-Eth N/A -0.50 -0.30 -0.20 N/A Cllngwd-Eth -0.50N/A N/A N/A 6.74 265.24-0.80* 5.82 229.22 Kwrth-Eth -0.25N/A N/A N/A 6.99 275.09N/A London-Cas N/A N/A 0.00 0.20 0.60 7.22 284.34 Pt.Colb-Cas N/A N/A 0.20 0.25 0.65 7.27 286.31 Cardnl-Cas N/A -0.55 0.25 0.30 0.65 7.27 286.31 W O Feed -0.33 -0.28 6.91 271.94 US Rep 0.20 0.25 7.44 292.80 Toledo El. -0.15 7.08 278.92 -0.45 6.17 243.07 TRANSFER Sarnia -0.65 6.59 259.34 -1.10 5.52 217.41 Pt. Stanley -0.76 6.48 255.01 -1.17 5.45214 2/3 Hamilton -0.37 6.87 270.36 -0.88 5.74226 MID SD CRN -1.07 1/2 5.54 3/4 HI SD CRN -1.05 5.57 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.949 down 0.0002 Chicago soybeans closed moderately lower to lower. JUL11 HI 13.97 1/2 NOV11 HI 13.78 LOW 13.55 1/4 LOW 13.45 CLOSE13.63 3/4 Down 29 1/4 CLOSE 13.54 1/4 Down 19 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.20 12.44 457.00-1.55 11.99 440.65 CK High -1.10 12.54 460.67-1.50 12.04 442.49 CK Average -1.14 -0.5012.50 459.39-1.53-0.9012.01 441.38 Essex Cty -1.10 12.54 460.67-1.49 12.05 442.85 Mdsx Low -1.16 12.48 458.47-1.55 11.99 440.65 Mdsx High -1.10 12.54 460.67-1.49 12.05 442.85 Mdsx Average -1.14 -0.5112.50 459.20-1.51-0.8912.03 442.00 Hensall -1.10 12.54 460.67-1.50 12.04 442.49 Bruce -1.10 12.54 460.67-1.50 12.04 442.49 Putnam -1.10 12.54 460.67-1.50 12.04 442.49 Princeton -1.13 12.51 459.57-1.55 11.99 440.65 Durham -1.12 12.52 459.94-1.52 12.02 441.75 Norfolk -1.08 12.56 461.41-1.01 12.53 460.49 Trenton -1.35 12.29 451.49-1.55 11.99 440.65 Winchester -1.12 12.52 459.94-1.33 12.21 448.73 North Gower -1.20 12.44 457.00-1.10 12.44 457.18 Huron FOB -0.95 12.69 466.19-1.40 12.14 446.16 Kent FOB -1.13 12.51 459.57-1.55 11.99 440.65 Lambton FOB -1.13 12.51 459.57-1.55 11.99 440.65 Middlesex FOB-0.95-0.95 N/A N/A 12.69 466.19-1.36 12.18 447.63 PROCESSORS Hamilton -0.65-0.80-0.85-0.80 12.99 477.21-1.10 12.44 457.18 Windsor -0.70-0.70-0.69 N/A 12.94 475.37-1.18 12.36 454.24 Winchester -1.00 12.64 464.35-1.23 12.31 452.41 TRANSFER Hamilton -0.75 N/A N/A N/A 12.89 473.53-1.05 12.49 459.02 Pt. Stanley -1.10 12.54 460.67-1.50 12.04 442.49 Sarnia -0.97 12.67 465.45-1.16 12.38 454.98 Owen Sound N/A N/A Sorel QC -0.47 13.17 483.82-0.75 12.79 470.04 Toledo El. -0.21 13.43 493.38-0.46 13.08 480.78 Bank of Canada Noon exchange rate was 0.949 down 0.0002 Chicago wheat closed slightly higher. JUL11 HI 8.00 JUL11 HI 8.00 LOW 7.78 LOW 7.78 CLOSE 7.93 1/4 Up 1 1/2 CLOSE 7.93 1/4 Up 1 1/2 Minni wheat closed mixed. JUL11 HI 9.44 1/2 SEP11 HI 9.43 LOW 9.25 3/4 LOW 9.25 3/4 CLOSE 9.32 1/4 Down 5 1/4 CLOSE 9.34 Up 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.08 -0.46 -0.94 -0.57 CAD $/bu 6.85 7.47 6.99 8.75 CAD $/tonne 251.70 274.48 256.96 321.44 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 -0.60 -1.00 N/A N/A -0.60 -1.55 N/A London -0.81 -0.58 -1.19 N/A -0.99 -0.75 -1.52 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 -1.35 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 -1.58 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 -1.18 N/A N/A -0.60 -1.53 N/A Brigden N/A -0.60 -1.18 N/A N/A -0.60 -1.53 N/A Palmerston N/A -0.55 -1.13 -0.04 N/A -1.14 -1.91 -0.93 Mitchell -0.80 -0.60 -1.15 N/A -0.85 -0.70 -1.55 N/A Thornton N/A N/A N/A -0.91 N/A N/A N/A -1.34 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 -0.66 N/A -0.13 0.30 -0.61 N/A Toledo El. 7.50US 7.16CA 7.65US 7.30CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.03 -0.46 -1.32 -1.00 CAD $/bu 6.90 7.47 6.61 8.34 CAD $/tonne 253.46 274.48 242.94 306.29 (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 376.89 - 377.99 DDG's FOB Srn, Wndr, Aylm 220.00 - 240.00