FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 5 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9669 up 0.0089 Chicago corn closed moderately to sharply lower. JUL11 HI 7.37 1/2 DEC11 HI 6.71 LOW 7.01 LOW 6.40 1/2 CLOSE7.08 3/4 Down 20 3/4 CLOSE 6.55 3/4 Down 9 1/2 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 6.44 253.43 -1.10 5.46 214.85 CK High -0.55 6.54 257.37 -1.00 5.56 218.79 CK Avg -0.60 -0.38 6.49 255.40 -1.03 -0.83 5.52 217.48 Essex Cty -0.65 6.44 253.43 -1.10 5.46 214.85 Mdsx Low -0.65 6.44 253.43 -1.10 5.46 214.85 Mdsx High -0.60 6.49 255.40 -1.00 5.56 218.79 Mdsx Avg -0.62 -0.40 6.47 254.75 -1.05 -0.85 5.51 216.82 Hensall -0.60 6.49 255.40 -1.03 5.53 217.80 Bruce -0.60 6.49 255.40 -1.00 5.56 218.79 Putnam -0.60 6.49 255.40 -1.00 5.56 218.79 Princeton -0.65 6.44 253.43 -1.10 5.46 214.85 Durham -0.60 6.49 255.40 -1.10 5.46 214.85 Norfolk -0.55 6.54 257.37 -1.00 5.56 218.79 Trenton -0.60 6.49 255.40 -1.10 5.46 214.85 Winchester -0.35 6.74 265.24 -1.00 5.56 218.79 North Gower -0.70 6.39 251.46 -1.25 5.31 208.95 Huron FOB -0.60 6.49 255.40 -1.05 5.51 216.82 Kent FOB -0.55 6.54 257.37 -0.90 5.66 222.73 Lamb FOB -0.55 6.54 257.37 -0.90 5.66 222.73 Mdsx FOB -0.60 -0.55 -0.45 -0.35 6.49 255.40 -1.05 5.51 216.82 FOB SW Que -0.42 6.67 262.49 -0.85 5.71 224.69 Track -0.15 6.94 273.12N/A PROCESSORS Chat-Eth N/A -0.45 -0.70 0.00 -0.75 5.81 228.63 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.55 -0.55 0.10N/A 6.54 257.37N/A Sarn-Eth N/A -0.45 -0.25 -0.15 N/A Cllngwd-Eth -0.50N/A N/A N/A 6.59 259.34-0.80* 5.76 226.66 Kwrth-Eth -0.20N/A N/A N/A 6.89 271.15N/A London-Cas N/A N/A 0.10 0.30 -0.70 5.86 230.60 Pt.Colb-Cas N/A N/A 0.25 0.35 -0.65 5.91 232.57 Cardnl-Cas N/A -0.35 0.30 0.35 -0.65 5.91 232.57 W O Feed -0.31 -0.28 6.78 266.72 US Rep 0.20 0.23 7.29 286.90 Toledo El. -0.16 6.93 272.92 -0.46 6.10 240.22 TRANSFER Sarnia -0.65 6.44 253.43 -1.00 5.56 218.79 Pt. Stanley -0.76 6.33 249.10 -1.17 5.39212 Hamilton -0.37 6.72 264.46 -0.88 5.68223 1/2 MID SD CRN -1.05 5.50 3/4 HI SD CRN -1.00 5.55 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9669 up 0.0089 Chicago soybeans closed lower. JUL11 HI 13.61 1/2 NOV11 HI 13.47 3/4 LOW 13.1 LOW 12.92 CLOSE13.21 3/4 Down 30 1/4 CLOSE 13.06 3/4 Down 31 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.10 12.12 445.24-1.50 11.57 425.03 CK High -0.94 12.28 451.12-1.34 11.73 430.91 CK Average -1.00 -0.6012.21 448.79-1.42-1.0111.65 428.16 Essex Cty -0.88 12.34 453.33-1.29 11.78 432.75 Mdsx Low -1.08 12.14 445.98-1.46 11.61 426.50 Mdsx High -1.00 12.22 448.92-1.35 11.72 430.54 Mdsx Average -1.03 -0.6212.19 447.94-1.40-1.0011.66 428.58 Hensall -1.05 12.17 447.08-1.45 11.62 426.87 Bruce -1.00 12.22 448.92-1.40 11.67 428.71 Putnam -1.00 12.22 448.92-1.40 11.67 428.71 Princeton -0.89 12.33 452.96-1.24 11.83 434.59 Durham -0.97 12.25 450.02-1.40 11.67 428.71 Norfolk -0.89 12.33 452.96-1.32 11.75 431.65 Trenton -1.25 11.97 439.73-1.45 11.62 426.87 Winchester -1.04 12.18 447.45-1.36 11.71 430.18 North Gower -1.00 12.22 448.92-1.35 11.72 430.54 Huron FOB -0.90 12.32 452.59 N/A Kent FOB -0.94 12.28 451.12-1.37 11.70 429.81 Lambton FOB -0.94 12.28 451.12-1.37 11.70 429.81 Middlesex FOB-0.73-0.73 N/A N/A 12.49 458.84-1.19 11.88 436.42 PROCESSORS Hamilton -0.55-0.70-0.65-0.70 12.67 465.45-1.00 12.07 443.40 Windsor -0.69-0.69-0.68 N/A 12.53 460.31-1.18 11.89 436.79 Winchester -0.94 12.28 451.12-1.26 11.81 433.85 TRANSFER Hamilton -0.75 N/A N/A N/A 12.47 458.10-1.05 12.02 441.57 Pt. Stanley -1.10 12.12 445.24-1.50 11.57 425.03 Sarnia -0.75 12.47 458.10-0.95 12.12 445.24 Owen Sound N/A N/A Sorel QC -0.35 12.87 472.80-0.61 12.46 457.73 Toledo El. -0.21 13.00 477.82-0.47 12.60 463.05 Bank of Canada Noon exchange rate was 0.9669 up 0.0089 Chicago wheat closed moderately lower. JUL11 HI 7.80 3/4 JUL11 HI 7.80 3/4 LOW 7.48 1/2 LOW 7.48 1/2 CLOSE 7.54 Down 18 CLOSE 7.54 Down 18 Minni wheat closed moderately lower. JUL11 HI 9.19 SEP11 HI 9.20 1/2 LOW 8.90 3/4 LOW 8.93 3/4 CLOSE 8.95 1/2 Down 19 3/4 CLOSE 8.98 1/2 Down 19 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.96 -0.33 -0.81 -0.42 CAD $/bu 6.58 7.21 6.73 8.53 CAD $/tonne 241.82 264.97 247.17 313.59 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 -1.10 N/A N/A -0.60 -1.45 N/A London -0.78 -0.54 -1.16 N/A -0.95 -0.71 -1.48 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 -1.20 Essex N/A N/A -0.93 N/A N/A N/A -1.45 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 -0.52 -1.09 N/A N/A -0.52 -1.42 N/A Brigden N/A -0.52 -1.09 N/A N/A -0.52 -1.42 N/A Palmerston N/A -0.43 -1.02 0.11 N/A -0.44 -1.20 -0.80 Mitchell -0.80 -0.60 -1.15 N/A -0.85 -0.70 -1.55 N/A Thornton N/A N/A N/A -0.93 N/A N/A N/A -1.53 North Gower N/A N/A N/A N/A N/A N/A N/A -1.20 TERMINAL Sarnia -0.69 -0.16 -0.69 N/A -0.82 -0.24 -1.11 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 -0.53 N/A 0.01 0.45 -0.47 N/A Toledo El. 7.11US 6.89CA 7.26US 7.04CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.91 -0.33 -1.20 -0.86 CAD $/bu 6.63 7.21 6.34 8.13 CAD $/tonne 243.60 264.97 232.92 298.63 (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 369.83 - 375.34 DDG's FOB Srn, Wndr, Aylm 220.00 - 240.00