FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 10 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.961 down 0.0051 Chicago corn closed slightly lower. JUL11 HI 7.23 3/4 DEC11 HI 6.64 LOW 7.02 LOW 6.50 CLOSE7.07 1/4 Down 1/4 CLOSE 6.52 3/4 Down 4 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL11+SEP11+SEP11 CK Low -0.55 6.52 256.78 -1.00 5.53 217.61 CK High -0.50 6.57 258.75 -1.00 5.53 217.61 CK Avg -0.51 -0.22 6.56 258.42 -1.00 -0.73 5.53 217.61 Essex Cty -0.55 6.52 256.78 -1.00 5.53 217.61 Mdsx Low -0.55 6.52 256.78 -1.00 5.53 217.61 Mdsx High -0.50 6.57 258.75 -1.00 5.53 217.61 Mdsx Avg -0.52 -0.22 6.56 258.09 -1.00 -0.73 5.53 217.61 Hensall -0.50 6.57 258.75 -1.00 5.53 217.61 Bruce -0.50 6.57 258.75 -1.00 5.53 217.61 Putnam -0.50 6.57 258.75 -1.00 5.53 217.61 Princeton -0.55 6.52 256.78 -1.00 5.53 217.61 Durham -0.50 6.57 258.75 -1.05 5.48 215.64 Norfolk -0.50 6.57 258.75 -1.00 5.53 217.61 Trenton -0.55 6.52 256.78 -1.05 5.48 215.64 Winchester -0.30 6.77 266.62 -0.95 5.58 219.58 North Gower -0.55 6.52 256.78 -1.25 5.28 207.77 Huron FOB -0.50 6.57 258.75 -1.00 5.53 217.61 Kent FOB -0.50 6.57 258.75 -1.00 5.53 217.61 Lamb FOB -0.50 6.57 258.75 -1.00 5.53 217.61 Mdsx FOB -0.50 -0.50 -0.10 0.10 6.57 258.75 -1.00 5.53 217.61 FOB SW Que -0.55 6.52 256.78 -0.80 5.73 225.48 Track -0.03 7.05 277.45N/A PROCESSORS Chat-Eth N/A -0.40 0.15 0.35 -0.75 5.78 227.45 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.30 -0.30 0.00N/A 6.77 266.62N/A Sarn-Eth N/A -0.35 0.20 0.40 N/A Cllngwd-Eth -0.50N/A N/A N/A 6.57 258.75-0.80* 5.73 225.48 Kwrth-Eth -0.10 -0.20 0.15N/A 6.97 274.50N/A London-Cas N/A N/A 0.10 0.30 -0.70 5.83 229.42 Pt.Colb-Cas N/A N/A 0.25 0.35 -0.65 5.88 231.39 Cardnl-Cas N/A 0.00 0.30 0.35 -0.75 5.78 227.45 W O Feed -0.22 -0.18 6.85 269.77 US Rep 0.40 0.44 7.47 294.18 Toledo El. -0.09 6.99 275.04 -0.45 6.08 239.24 TRANSFER Sarnia -0.55 6.52 256.78 -0.85 5.68 223.51 Pt. Stanley -0.56 6.51 256.39 -1.00 5.53217 3/5 Hamilton -0.25 6.82 268.59 -0.80 5.73225 1/2 MID SD CRN -1.00 5.52 3/4 HI SD CRN -1.00 5.52 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.961 down 0.0051 Chicago soybeans closed slightly higher. JUL11 HI 13.53 NOV11 HI 13.36 1/2 LOW 13.32 LOW 13.17 CLOSE13.38 Up 3 CLOSE 13.22 1/2 Up 3 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.03 12.35 453.78-1.45 11.78 432.66 CK High -0.90 12.48 458.56-1.39 11.84 434.86 CK Average -0.98 -0.4312.40 455.62-1.42-0.8711.81 433.88 Essex Cty -0.94 12.44 457.09-1.34 11.89 436.70 Mdsx Low -1.05 12.33 453.05-1.45 11.78 432.66 Mdsx High -0.96 12.42 456.36-1.40 11.83 434.49 Mdsx Average -1.00 -0.4512.38 454.76-1.42-0.8811.80 433.64 Hensall -1.00 12.38 454.89-1.43 11.80 433.58 Bruce -1.00 12.38 454.89-1.45 11.78 432.66 Putnam -1.00 12.38 454.89-1.45 11.78 432.66 Princeton -0.91 12.47 458.19-1.34 11.89 436.70 Durham -1.01 12.37 454.52-1.39 11.84 434.86 Norfolk -0.92 12.46 457.83-1.35 11.88 436.33 Trenton -1.15 12.23 449.38-1.40 11.83 434.49 Winchester -1.00 12.38 454.89-1.32 11.91 437.43 North Gower -0.85 12.53 460.40-1.15 12.08 443.68 Huron FOB -0.90 12.48 458.56-1.40 11.83 434.49 Kent FOB -0.97 12.41 455.99-1.40 11.83 434.49 Lambton FOB -0.97 12.41 455.99-1.40 11.83 434.49 Middlesex FOB-0.80-0.80 N/A N/A 12.58 462.24-1.23 12.00 440.74 PROCESSORS Hamilton -0.40-0.45-0.60-0.65 12.98 476.93-0.90 12.33 452.87 Windsor -0.56-0.56-0.55 N/A 12.82 471.05-1.04 12.19 447.72 Winchester -0.90 12.48 458.56-1.22 12.01 441.11 TRANSFER Hamilton -0.55 N/A N/A N/A 12.83 471.42-0.85 12.38 454.70 Pt. Stanley -0.95 12.43 456.72-1.30 11.93 438.17 Sarnia -0.82 12.56 461.50-1.00 12.23 449.19 Owen Sound N/A N/A Sorel QC -0.75 12.63 464.07-0.60 12.63 463.89 Toledo El. -0.17 13.21 485.29-0.46 12.76 469.03 Bank of Canada Noon exchange rate was 0.961 down 0.0051 Chicago wheat closed slightly higher. JUL11 HI 8.16 1/2 JUL11 HI 8.16 1/2 LOW 7.90 1/4 LOW 7.90 1/4 CLOSE 7.98 3/4 Up 8 1/4 CLOSE 7.98 3/4 Up 8 1/4 Minni wheat closed moderately higher. JUL11 HI 9.77 3/4 SEP11 HI 9.77 1/2 LOW 9.41 1/2 LOW 9.44 CLOSE 9.59 1/4 Up 14 1/2 CLOSE 9.59 1/2 Up 12 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.05 -0.43 -0.91 -0.54 CAD $/bu 6.94 7.56 7.08 9.05 CAD $/tonne 254.92 277.81 260.20 332.58 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 -0.90 -1.45 N/A London -0.74 -0.50 -1.12 N/A -0.87 -0.63 -1.45 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 -1.35 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A -0.99 N/A N/A N/A -1.51 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 -0.57 -1.12 N/A N/A -0.57 -1.45 N/A Brigden N/A -0.57 -1.12 N/A N/A -0.57 -1.45 N/A Palmerston N/A -0.30 -0.99 0.01 N/A -0.43 -1.38 -0.89 Mitchell -0.80 -0.50 -1.05 N/A -0.85 -0.60 -1.45 N/A Thornton N/A N/A N/A -1.10 N/A N/A N/A -1.67 North Gower N/A N/A N/A N/A N/A N/A N/A -1.00 TERMINAL Sarnia -0.69 -0.16 -0.69 N/A -0.82 -0.24 -1.11 N/A Hamilton N/A N/A -0.40 N/A N/A N/A -1.00 N/A Pt. Stanley N/A N/A -0.80 N/A N/A N/A -1.45 N/A PROCESSORS Toledo FM N/A N/A N/A N/A -0.09 0.34 -0.43 N/A Toledo El. 7.56US 7.24CA 7.71US 7.39CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.00 -0.43 -1.29 -0.97 CAD $/bu 6.99 7.56 6.70 8.62 CAD $/tonne 256.68 277.81 246.11 316.82 (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 381.74 - 382.84 DDG's FOB Srn, Wndr, Aylm 220.00 - 240.00