FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.958 up 0.0090 Chicago corn closed slightly to moderately higher. JUL11 HI 7.34 3/4 DEC11 HI 6.68 LOW 7.16 1/4 LOW 6.50 1/2 CLOSE7.29 1/2 Up 5 3/4 CLOSE 6.65 1/4 Up 3 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 6.65 261.60 -1.10 5.55 218.59 CK High -0.60 6.70 263.57 -1.05 5.60 220.56 CK Avg -0.61 -0.31 6.69 263.24 -1.06 -0.79 5.59 220.23 Essex Cty -0.65 6.65 261.60 -1.10 5.55 218.59 Mdsx Low -0.65 6.65 261.60 -1.10 5.55 218.59 Mdsx High -0.60 6.70 263.57 -1.05 5.60 220.56 Mdsx Avg -0.62 -0.32 6.68 262.91 -1.07 -0.80 5.59 219.90 Hensall -0.60 6.70 263.57 -1.05 5.60 220.56 Bruce -0.60 6.70 263.57 -1.05 5.60 220.56 Putnam -0.60 6.70 263.57 -1.05 5.60 220.56 Princeton -0.65 6.65 261.60 -1.10 5.55 218.59 Durham -0.60 6.70 263.57 -1.10 5.55 218.59 Norfolk -0.60 6.70 263.57 -1.05 5.60 220.56 Trenton -0.60 6.70 263.57 -1.10 5.55 218.59 Winchester -0.35 6.95 273.41 -1.00 5.65 222.53 North Gower -0.70 6.60 259.63 -1.25 5.40 212.69 Huron FOB -0.60 6.70 263.57 -1.05 5.60 220.56 Kent FOB -0.60 6.70 263.57 -1.05 5.60 220.56 Lamb FOB -0.60 6.70 263.57 -1.05 5.60 220.56 Mdsx FOB -0.60 -0.55 -0.45 -0.35 6.70 263.57 -1.05 5.60 220.56 FOB SW Que -0.42 6.88 270.66 -0.85 5.80 228.43 Track -0.15 7.15 281.29N/A PROCESSORS Chat-Eth N/A -0.45 -0.04 0.02 -0.75 5.90 232.37 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.55 -0.55 0.10N/A 6.75 265.54N/A Sarn-Eth N/A -0.45 -0.25 -0.15 N/A Cllngwd-Eth -0.50N/A N/A N/A 6.80 267.51-0.80* 5.85 230.40 Kwrth-Eth -0.20N/A N/A N/A 7.10 279.32N/A London-Cas N/A N/A 0.00 0.20 -0.70 5.95 234.34 Pt.Colb-Cas N/A N/A 0.20 0.25 -0.65 6.00 236.31 Cardnl-Cas N/A -0.55 0.25 0.30 -0.75 5.90 232.37 W O Feed -0.33 -0.29 6.97 274.20 US Rep 0.20 0.24 7.50 295.07 Toledo El. -0.15 7.14 281.15 -0.45 6.20 244.15 TRANSFER Sarnia -0.65 6.65 261.60 -1.10 5.55 218.59 Pt. Stanley -0.76 6.54 257.27 -1.17 5.48215 5/6 Hamilton -0.37 6.93 272.63 -0.88 5.77227 1/4 MID SD CRN -1.07 1/2 5.57 3/4 HI SD CRN -1.05 5.60 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.958 up 0.0090 Chicago soybeans closed moderately lower. JUL11 HI 13.67 1/2 NOV11 HI 13.55 1/2 LOW 13.47 1/4 LOW 13.34 CLOSE13.52 Down 11 3/4 CLOSE 13.38 1/2 Down 15 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.20 12.32 452.68-1.55 11.84 434.86 CK High -1.09 12.43 456.72-1.50 11.89 436.70 CK Average -1.12 -0.5712.40 455.62-1.52-0.9711.87 436.09 Essex Cty -1.10 12.42 456.36-1.49 11.90 437.07 Mdsx Low -1.16 12.36 454.15-1.55 11.84 434.86 Mdsx High -1.10 12.42 456.36-1.49 11.90 437.07 Mdsx Average -1.14 -0.5912.38 454.89-1.51-0.9711.87 436.21 Hensall -1.10 12.42 456.36-1.50 11.89 436.70 Bruce -1.10 12.42 456.36-1.50 11.89 436.70 Putnam -1.10 12.42 456.36-1.50 11.89 436.70 Princeton -1.13 12.39 455.25-1.53 11.86 435.60 Durham -1.12 12.40 455.62-1.52 11.87 435.96 Norfolk -1.04 12.48 458.56-1.47 11.92 437.80 Trenton -1.25 12.27 450.85-1.45 11.94 438.54 Winchester -1.04 12.48 458.56-1.36 12.03 441.84 North Gower -1.00 12.52 460.03-1.35 12.04 442.21 Huron FOB -0.90 12.62 463.71-1.40 11.99 440.37 Kent FOB -1.09 12.43 456.72-1.52 11.87 435.96 Lambton FOB -1.09 12.43 456.72-1.52 11.87 435.96 Middlesex FOB-0.95-0.95 N/A N/A 12.57 461.87-1.36 12.03 441.84 PROCESSORS Hamilton -0.55-0.70-0.65-0.70 12.97 476.57-1.00 12.39 455.07 Windsor -0.60-0.60-0.59 N/A 12.92 474.73-1.07 12.32 452.50 Winchester -1.02 12.50 459.30-1.23 12.16 446.62 TRANSFER Hamilton -0.75 N/A N/A N/A 12.77 469.22-1.05 12.34 453.23 Pt. Stanley -1.10 12.42 456.36-1.50 11.89 436.70 Sarnia -0.97 12.55 461.13-1.10 12.29 451.40 Owen Sound N/A N/A Sorel QC -0.35 13.17 483.91-0.61 12.78 469.40 Toledo El. -0.21 13.31 489.02-0.46 12.92 474.89 Bank of Canada Noon exchange rate was 0.958 up 0.0090 Chicago wheat closed lower. JUL11 HI 7.95 JUL11 HI 7.95 LOW 7.67 3/4 LOW 7.67 3/4 CLOSE 7.72 Down 21 1/4 CLOSE 7.72 Down 21 1/4 Minni wheat closed moderately lower. JUL11 HI 9.32 1/2 SEP11 HI 9.30 1/2 LOW 9.11 3/4 LOW 9.14 1/4 CLOSE 9.15 1/4 Down 17 CLOSE 9.18 Down 16 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.03 -0.41 -0.89 -0.52 CAD $/bu 6.69 7.31 6.83 8.64 CAD $/tonne 245.71 268.62 251.00 317.36 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 -1.30 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.30 Essex N/A N/A -1.00 N/A N/A N/A -1.52 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 -1.17 N/A N/A -0.60 -1.50 N/A Brigden N/A -0.60 -1.17 N/A N/A -0.60 -1.50 N/A Palmerston N/A -0.55 -1.13 -0.04 N/A -0.72 -1.49 -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 -0.77 -0.24 -0.77 N/A -0.90 -0.32 -1.19 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 -0.61 N/A -0.07 0.36 -0.55 N/A Toledo El. 7.29US 6.99CA 7.44US 7.14CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.98 -0.41 -1.27 -0.95 CAD $/bu 6.74 7.31 6.45 8.23 CAD $/tonne 247.47 268.62 236.90 302.47 (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 375.34 - 380.86 DDG's FOB Srn, Wndr, Aylm 220.00 - 240.00