FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 6 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9617 down 0.0052 Chicago corn closed lower to sharply lower. JUL11 HI 7.19 3/4 DEC11 HI 6.62 3/4 LOW 6.80 1/2 LOW 6.30 CLOSE6.86 1/4 Down 22 1/2 CLOSE 6.40 1/4 Down 15 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 -0.60 6.26 246.54 -1.00 5.40 212.69 CK High -0.55 6.31 248.51 -1.00 5.40 212.69 CK Avg -0.57 -0.34 6.30 247.86 -1.00 -0.79 5.40 212.69 Essex Cty -0.60 6.26 246.54 -1.00 5.40 212.69 Mdsx Low -0.60 6.26 246.54 -1.00 5.40 212.69 Mdsx High -0.55 6.31 248.51 -1.00 5.40 212.69 Mdsx Avg -0.57 -0.34 6.30 247.86 -1.00 -0.79 5.40 212.69 Hensall -0.55 6.31 248.51 -1.00 5.40 212.69 Bruce -0.55 6.31 248.51 -1.00 5.40 212.69 Putnam -0.50 6.36 250.48 -1.00 5.40 212.69 Princeton -0.60 6.26 246.54 -1.00 5.40 212.69 Durham -0.60 6.26 246.54 -1.10 5.30 208.75 Norfolk -0.55 6.31 248.51 -1.00 5.40 212.69 Trenton -0.55 6.31 248.51 -1.00 5.40 212.69 Winchester -0.30 6.56 258.35 -0.95 5.45 214.66 North Gower -0.70 6.16 242.61 -1.25 5.15 202.84 Huron FOB -0.55 6.31 248.51 -1.00 5.40 212.69 Kent FOB -0.55 6.31 248.51 -1.00 5.40 212.69 Lamb FOB -0.55 6.31 248.51 -1.00 5.40 212.69 Mdsx FOB -0.55 -0.55 -0.25 -0.15 6.31 248.51 -1.00 5.40 212.69 FOB SW Que -0.30 6.56 258.35 -0.80 5.60 220.56 Track -0.13 6.74 265.24N/A PROCESSORS Chat-Eth N/A -0.45 -0.15 -0.07 -0.75 5.65 222.53 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.55 -0.55 -0.10N/A 6.31 248.51N/A Sarn-Eth N/A -0.45 -0.06 0.04 N/A Cllngwd-Eth -0.50N/A N/A N/A 6.36 250.48-0.80* 5.60 220.56 Kwrth-Eth -0.10N/A N/A N/A 6.76 266.23N/A London-Cas N/A N/A 0.10 0.30 -0.70 5.70 224.50 Pt.Colb-Cas N/A N/A 0.25 0.35 -0.65 5.75 226.47 Cardnl-Cas N/A -0.35 0.30 0.35 -0.75 5.65 222.53 W O Feed -0.30 -0.26 6.56 258.35 US Rep 0.20 0.24 7.06 278.04 Toledo El. -0.15 6.71 264.07 -0.45 5.95 234.15 TRANSFER Sarnia -0.60 6.26 246.54 -1.00 5.40 212.69 Pt. Stanley -0.52 6.34 249.69 -1.06 5.34210 1/3 Hamilton -0.23 6.63 261.11 -0.77 5.63221 3/4 MID SD CRN -1.00 5.40 1/4 HI SD CRN -1.00 5.40 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9617 down 0.0052 Chicago soybeans closed slightly higher. JUL11 HI 13.41 NOV11 HI 13.24 1/2 LOW 13.06 1/2 LOW 12.87 1/4 CLOSE13.26 Up 4 1/4 CLOSE 13.08 1/2 Up 1 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.00 12.26 450.48-1.41 11.68 428.98 CK High -0.99 12.27 450.85-1.34 11.75 431.55 CK Average -1.00 -0.5712.27 450.66-1.39-0.9711.69 429.60 Essex Cty -0.88 12.38 454.89-1.29 11.80 433.39 Mdsx Low -1.01 12.25 450.11-1.43 11.66 428.25 Mdsx High -1.00 12.26 450.48-1.35 11.74 431.19 Mdsx Average -1.00 -0.5712.26 450.36-1.39-0.9711.69 429.60 Hensall -1.00 12.26 450.48-1.40 11.69 429.35 Bruce -1.00 12.26 450.48-1.40 11.69 429.35 Putnam -1.00 12.26 450.48-1.40 11.69 429.35 Princeton -0.89 12.37 454.52-1.24 11.85 435.23 Durham -0.97 12.29 451.58-1.40 11.69 429.35 Norfolk -0.94 12.32 452.68-1.36 11.73 430.82 Trenton -1.15 12.11 444.97-1.40 11.69 429.35 Winchester -1.00 12.26 450.48-1.32 11.77 432.29 North Gower -1.00 12.26 450.48-1.35 11.74 431.19 Huron FOB -0.90 12.36 454.15-1.40 11.69 429.35 Kent FOB -0.99 12.27 450.85-1.41 11.68 428.98 Lambton FOB -0.99 12.27 450.85-1.41 11.68 428.98 Middlesex FOB-0.78-0.78 N/A N/A 12.48 458.56-1.23 11.86 435.60 PROCESSORS Hamilton -0.49-0.58-0.52-0.57 12.77 469.22-0.78 12.31 452.13 Windsor -0.44-0.44-0.42 N/A 12.82 471.05-0.92 12.17 446.99 Winchester -0.94 12.32 452.68-1.26 11.83 434.49 TRANSFER Hamilton -0.50 N/A N/A N/A 12.76 468.85-0.80 12.29 451.40 Pt. Stanley -0.95 12.31 452.32-1.25 11.84 434.86 Sarnia -0.75 12.51 459.66-0.95 12.14 445.88 Owen Sound N/A N/A Sorel QC -0.20 13.06 479.87-0.50 12.59 462.42 Toledo El. -0.21 13.05 479.40-0.46 12.62 463.73 Bank of Canada Noon exchange rate was 0.9617 down 0.0052 Chicago wheat closed slightly higher. JUL11 HI 7.78 1/2 JUL11 HI 7.78 1/2 LOW 7.40 LOW 7.40 CLOSE 7.59 1/2 Up 5 1/2 CLOSE 7.59 1/2 Up 5 1/2 Minni wheat closed slightly higher. JUL11 HI 9.18 SEP11 HI 9.22 LOW 8.83 3/4 LOW 8.88 1/2 CLOSE 9.03 3/4 Up 8 1/4 CLOSE 9.08 1/4 Up 9 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.97 -0.34 -0.83 -0.44 CAD $/bu 6.62 7.25 6.77 8.60 CAD $/tonne 243.36 266.47 248.69 315.97 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 -1.05 N/A N/A -0.65 -1.45 N/A London -0.71 -0.47 -1.09 N/A -0.85 -0.66 -1.43 N/A Hensall -0.80 N/A -1.05 N/A -0.85 N/A -1.45 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 -0.91 N/A N/A N/A -1.44 N/A Norwich -0.80 N/A -1.05 N/A -0.85 N/A -1.45 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 -1.05 N/A -0.85 N/A -1.45 N/A Chatham N/A -0.54 -1.11 N/A N/A -0.54 -1.44 N/A Brigden N/A -0.54 -1.11 N/A N/A -0.54 -1.44 N/A Palmerston N/A -0.48 -1.07 0.05 N/A -0.62 -1.39 -0.84 Mitchell -0.80 -0.50 -1.05 N/A -0.85 -0.60 -1.45 N/A Thornton N/A N/A N/A -0.90 N/A N/A N/A -1.45 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 -0.35 N/A N/A N/A -0.80 N/A Pt. Stanley N/A N/A -0.80 N/A N/A N/A -1.25 N/A PROCESSORS Toledo FM N/A N/A N/A N/A 0.00 0.43 -0.34 N/A Toledo El. 7.17US 6.93CA 7.32US 7.08CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.92 -0.34 -1.21 -0.87 CAD $/bu 6.67 7.25 6.38 8.21 CAD $/tonne 245.14 266.47 234.47 301.58 (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 377.55 - 383.06 DDG's FOB Srn, Wndr, Aylm 220.00 - 240.00