FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 11 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9582 down 0.0028 Chicago corn closed sharply lower to limit down. JUL11 HI 7.12 1/4 DEC11 HI 6.57 LOW 6.77 1/4 LOW 6.22 3/4 CLOSE6.77 1/4 Down 30 CLOSE 6.26 Down 26 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 6.22 244.97 -1.00 5.26 207.08 CK High -0.45 6.32 248.91 -1.00 5.26 207.08 CK Avg -0.50 -0.24 6.27 246.94 -1.00 -0.76 5.26 207.08 Essex Cty -0.55 6.22 244.97 -1.00 5.26 207.08 Mdsx Low -0.55 6.22 244.97 -1.00 5.26 207.08 Mdsx High -0.50 6.27 246.94 -1.00 5.26 207.08 Mdsx Avg -0.52 -0.25 6.26 246.28 -1.00 -0.76 5.26 207.08 Hensall -0.50 6.27 246.94 -1.00 5.26 207.08 Bruce -0.50 6.27 246.94 -1.00 5.26 207.08 Putnam -0.50 6.27 246.94 -1.00 5.26 207.08 Princeton -0.55 6.22 244.97 -1.00 5.26 207.08 Durham -0.50 6.27 246.94 -1.05 5.21 205.11 Norfolk -0.45 6.32 248.91 -1.00 5.26 207.08 Trenton -0.55 6.22 244.97 -1.05 5.21 205.11 Winchester -0.30 6.47 254.81 -0.95 5.31 209.05 North Gower -0.55 6.22 244.97 -1.25 5.01 197.23 Huron FOB -0.45 6.32 248.91 -1.00 5.26 207.08 Kent FOB -0.45 6.32 248.91 -1.00 5.26 207.08 Lamb FOB -0.45 6.32 248.91 -1.00 5.26 207.08 Mdsx FOB -0.50 -0.50 -0.10 0.10 6.27 246.94 -1.00 5.26 207.08 FOB SW Que -0.50 6.27 246.94 -0.80 5.46 214.95 Track 0.05 6.82 268.59N/A PROCESSORS Chat-Eth N/A -0.40 0.15 0.35 -0.75 5.51 216.92 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.30 -0.30 0.00N/A 6.47 254.81N/A Sarn-Eth N/A -0.35 0.20 0.40 N/A Cllngwd-Eth -0.50N/A N/A N/A 6.27 246.94-0.80* 5.46 214.95 Kwrth-Eth 0.00 -0.15 0.15N/A 6.77 266.62N/A London-Cas N/A N/A 0.10 0.30 -0.70 5.56 218.89 Pt.Colb-Cas N/A N/A 0.25 0.35 -0.65 5.61 220.86 Cardnl-Cas N/A 0.00 0.30 0.35 -0.65 5.61 220.86 W O Feed -0.17 -0.13 6.60 259.77 US Rep 0.40 0.44 7.17 282.37 Toledo El. -0.06 6.71 264.35 -0.45 5.81 228.66 TRANSFER Sarnia -0.55 6.22 244.97 -0.90 5.36 211.01 Pt. Stanley -0.56 6.21 244.58 -1.00 5.26207 Hamilton -0.25 6.52 256.78 -0.80 5.46215 MID SD CRN -1.00 5.26 HI SD CRN -1.00 5.26 *Wet Bid Bank of Canada Noon exchange rate was 0.9582 down 0.0028 Chicago soybeans closed slightly lower. JUL11 HI 13.43 1/2 NOV11 HI 13.28 1/4 LOW 13.13 3/4 LOW 13.03 3/4 CLOSE13.31 3/4 Down 6 1/4 CLOSE 13.21 Down 1 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -1.08 12.24 449.65-1.51 11.70 429.90 CK High -0.99 12.33 452.96-1.45 11.76 432.11 CK Average -1.04 -0.5312.28 451.12-1.48-0.9711.73 431.13 Essex Cty -1.00 12.32 452.59-1.40 11.81 433.94 Mdsx Low -1.11 12.21 448.55-1.50 11.71 430.27 Mdsx High -1.05 12.27 450.75-1.46 11.75 431.74 Mdsx Average -1.07 -0.5612.24 449.90-1.47-0.9611.74 431.25 Hensall -1.03 12.29 451.67-1.45 11.76 432.11 Bruce -1.05 12.27 450.75-1.50 11.71 430.27 Putnam -1.05 12.27 450.75-1.50 11.71 430.27 Princeton -1.01 12.31 452.22-1.45 11.76 432.11 Durham -1.07 12.25 450.02-1.43 11.78 432.84 Norfolk -1.03 12.29 451.49-1.46 11.75 431.74 Trenton -1.15 12.17 447.08-1.40 11.81 433.94 Winchester -1.00 12.32 452.59-1.32 11.89 436.88 North Gower -0.95 12.37 454.43-1.35 11.86 435.78 Huron FOB -0.85 12.47 458.10-1.30 11.91 437.62 Kent FOB -1.08 12.24 449.65-1.51 11.70 429.90 Lambton FOB -1.08 12.24 449.65-1.51 11.70 429.90 Middlesex FOB-0.86-0.86 N/A N/A 12.46 457.73-1.27 11.94 438.72 PROCESSORS Hamilton -0.38-0.45-0.60-0.65 12.94 475.37-0.90 12.31 452.32 Windsor -0.49-0.49-0.58 N/A 12.83 471.33-1.07 12.14 446.07 Winchester -0.90 12.42 456.27-1.22 11.99 440.56 TRANSFER Hamilton -0.55 N/A N/A N/A 12.77 469.13-0.85 12.36 454.15 Pt. Stanley -0.95 12.37 454.43-1.30 11.91 437.62 Sarnia -0.89 12.43 456.63-1.06 12.15 446.44 Owen Sound N/A N/A Sorel QC -0.70 12.62 463.61-0.60 12.61 463.34 Toledo El. -0.14 13.17 484.04-0.46 12.75 468.43 Bank of Canada Noon exchange rate was 0.9582 down 0.0028 Chicago wheat closed lower. JUL11 HI 8.04 1/2 JUL11 HI 8.04 1/2 LOW 7.56 3/4 LOW 7.56 3/4 CLOSE 7.59 Down 39 3/4 CLOSE 7.59 Down 39 3/4 Minni wheat closed lower. JUL11 HI 9.64 SEP11 HI 9.64 LOW 9.20 3/4 LOW 9.24 1/2 CLOSE 9.25 1/2 Down 33 3/4 CLOSE 9.27 3/4 Down 31 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.01 -0.39 -0.87 -0.50 CAD $/bu 6.58 7.20 6.72 8.75 CAD $/tonne 241.61 264.57 246.91 321.62 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 -0.55 -1.05 N/A N/A -0.55 -1.45 N/A London -0.78 -0.54 -1.16 N/A -0.89 -0.66 -1.47 N/A Hensall -0.70 N/A -1.05 N/A -0.80 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 -1.30 Essex N/A N/A -0.99 N/A N/A N/A -1.51 N/A Norwich -0.70 N/A -1.05 N/A -0.80 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 -0.70 N/A -1.05 N/A -0.80 N/A -1.45 N/A Chatham N/A -0.63 -1.18 N/A N/A -0.63 -1.51 N/A Brigden N/A -0.63 -1.18 N/A N/A -0.63 -1.51 N/A Palmerston N/A -0.30 -0.99 0.01 N/A -0.40 -1.35 -0.89 Mitchell -0.70 -0.50 -1.05 N/A -0.80 -0.60 -1.45 N/A Thornton N/A N/A N/A -1.00 N/A N/A N/A -1.59 North Gower N/A N/A N/A N/A N/A N/A N/A -1.00 TERMINAL Sarnia -0.78 -0.25 -0.78 N/A -0.90 -0.28 -1.14 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 -0.05 0.38 -0.39 N/A Toledo El. 7.16US 6.88CA 7.31US 7.03CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.97 -0.39 -1.25 -0.94 CAD $/bu 6.62 7.20 6.34 8.34 CAD $/tonne 243.38 264.57 232.78 306.52 (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 378.76 - 379.86 DDG's FOB Srn, Wndr, Aylm 215.00 - 240.00