FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9658 up 0.0076 Chicago corn closed slightly higher. JUL11 HI 6.92 1/2 DEC11 HI 6.35 LOW 6.59 LOW 6.15 1/4 CLOSE6.80 1/2 Up 3 1/4 CLOSE 6.30 1/2 Up 4 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 -0.55 6.26 246.25 -1.00 5.31 208.85 CK High -0.45 6.36 250.19 -1.00 5.31 208.85 CK Avg -0.47 -0.22 6.34 249.53 -1.00 -0.77 5.31 208.85 Essex Cty -0.55 6.26 246.25 -1.00 5.31 208.85 Mdsx Low -0.55 6.26 246.25 -1.00 5.31 208.85 Mdsx High -0.45 6.36 250.19 -1.00 5.31 208.85 Mdsx Avg -0.48 -0.23 6.32 248.87 -1.00 -0.77 5.31 208.85 Hensall -0.45 6.36 250.19 -1.00 5.31 208.85 Bruce -0.45 6.36 250.19 -1.00 5.31 208.85 Putnam -0.45 6.36 250.19 -1.00 5.31 208.85 Princeton -0.55 6.26 246.25 -1.00 5.31 208.85 Durham -0.45 6.36 250.19 -1.05 5.26 206.88 Norfolk -0.45 6.36 250.19 -1.00 5.31 208.85 Trenton -0.45 6.36 250.19 -1.05 5.26 206.88 Winchester -0.15 6.66 262.00 -0.95 5.36 210.82 North Gower -0.55 6.26 246.25 -1.25 5.06 199.01 Huron FOB -0.45 6.36 250.19 -1.00 5.31 208.85 Kent FOB -0.45 6.36 250.19 -1.00 5.31 208.85 Lamb FOB -0.45 6.36 250.19 -1.00 5.31 208.85 Mdsx FOB -0.45 -0.45 -0.10 0.10 6.36 250.19 -1.00 5.31 208.85 FOB SW Que -0.40 6.41 252.15 -0.80 5.51 216.72 Track 0.08 6.88 270.85N/A PROCESSORS Chat-Eth N/A -0.40 0.15 0.35 -0.75 5.56 218.69 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.30 -0.30 0.00N/A 6.51 256.09N/A Sarn-Eth N/A -0.35 0.20 0.40 N/A Cllngwd-Eth -0.50N/A N/A N/A 6.31 248.22-0.80* 5.51 216.72 Kwrth-Eth 0.20 -0.15 0.15N/A 7.01 275.77N/A London-Cas N/A N/A 0.05 0.25 -0.70 5.61 220.66 Pt.Colb-Cas N/A N/A 0.25 0.35 -0.65 5.66 222.63 Cardnl-Cas N/A 0.00 0.30 0.35 -0.65 5.66 222.63 W O Feed -0.19 -0.16 6.61 260.26 US Rep 0.50 0.53 7.31 287.59 Toledo El. -0.06 6.75 265.63 -0.45 5.85 230.40 TRANSFER Sarnia -0.55 6.26 246.25 -1.00 5.31 208.85 Pt. Stanley -0.57 6.24 245.46 -1.00 5.31208 6/7 Hamilton -0.06 6.75 265.54 -0.78 5.53217 1/2 MID SD CRN -1.00 5.30 1/2 HI SD CRN -1.00 5.30 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9658 up 0.0076 Chicago soybeans closed slightly higher. JUL11 HI 13.59 3/4 NOV11 HI 13.39 1/2 LOW 13.13 1/2 LOW 13.00 3/4 CLOSE13.42 3/4 Up 11 CLOSE 13.26 1/4 Up 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -0.90 12.53 460.31-1.40 11.86 435.87 CK High -0.82 12.61 463.25-1.29 11.97 439.91 CK Average -0.87 -0.3712.56 461.59-1.35-0.8611.92 437.89 Essex Cty -0.77 12.66 465.08-1.24 12.02 441.75 Mdsx Low -0.97 12.46 457.73-1.39 11.87 436.24 Mdsx High -0.89 12.54 460.67-1.31 11.95 439.18 Mdsx Average -0.92 -0.4212.51 459.57-1.35-0.8611.91 437.71 Hensall -0.93 12.50 459.39-1.40 11.86 435.87 Bruce -0.90 12.53 460.31-1.35 11.91 437.71 Putnam -0.90 12.53 460.31-1.35 11.91 437.71 Princeton -0.80 12.63 463.98-1.25 12.01 441.38 Durham -0.93 12.50 459.20-1.36 11.90 437.34 Norfolk -0.77 12.66 465.08-1.25 12.01 441.38 Trenton -1.10 12.33 452.96-1.30 11.96 439.55 Winchester -0.95 12.48 458.47-1.35 11.91 437.71 North Gower -0.95 12.48 458.47-1.35 11.91 437.71 Huron FOB -0.85 12.58 462.14-1.30 11.96 439.55 Kent FOB -0.82 12.61 463.25-1.30 11.96 439.55 Lambton FOB -0.82 12.61 463.25-1.30 11.96 439.55 Middlesex FOB-0.66-0.66 N/A N/A 12.77 469.13-1.14 12.12 445.43 PROCESSORS Hamilton -0.35-0.40-0.55-0.65 13.08 480.52-0.85 12.41 456.08 Windsor -0.44-0.44-0.52 N/A 12.99 477.21-1.01 12.25 450.20 Winchester -0.90 12.53 460.31-1.22 12.04 442.49 TRANSFER Hamilton -0.50 N/A N/A N/A 12.93 475.00-0.85 12.41 456.08 Pt. Stanley -1.00 12.43 456.63-1.35 11.91 437.71 Sarnia -0.73 12.70 466.55-0.90 12.36 454.24 Owen Sound N/A N/A Sorel QC -0.70 12.73 467.66-0.55 12.71 467.10 Toledo El. -0.14 13.28 488.07-0.46 12.80 470.33 Bank of Canada Noon exchange rate was 0.9658 up 0.0076 Chicago wheat closed lower. JUL11 HI 7.65 JUL11 HI 7.65 LOW 7.28 1/2 LOW 7.28 1/2 CLOSE 7.35 1/2 Down 23 1/2 CLOSE 7.35 1/2 Down 23 1/2 Minni wheat closed lower. JUL11 HI 9.32 SEP11 HI 9.34 1/2 LOW 9.00 3/4 LOW 9.05 CLOSE 9.04 3/4 Down 20 3/4 CLOSE 9.07 Down 20 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.99 -0.37 -0.85 -0.48 CAD $/bu 6.36 6.99 6.51 8.57 CAD $/tonne 233.74 256.74 239.05 314.87 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 -0.72 -0.48 -1.11 N/A -0.86 -0.61 -1.43 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 -0.90 N/A N/A N/A -1.48 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 -0.48 -1.03 N/A N/A -0.48 -1.36 N/A Brigden N/A -0.48 -1.03 N/A N/A -0.48 -1.36 N/A Palmerston N/A -0.23 -0.92 0.09 N/A -0.31 -1.27 -0.82 Mitchell -0.70 -0.50 -1.05 N/A -0.80 -0.60 -1.45 N/A Thornton N/A N/A N/A -1.11 N/A N/A N/A -1.66 North Gower N/A N/A N/A N/A N/A N/A N/A -1.00 TERMINAL Sarnia -0.58 -0.14 -0.67 N/A -0.69 -0.16 -1.03 N/A Hamilton N/A N/A -0.25 N/A N/A N/A -0.75 N/A Pt. Stanley N/A N/A -0.80 N/A N/A N/A -1.20 N/A PROCESSORS Toledo FM N/A N/A N/A N/A -0.03 0.40 -0.37 N/A Toledo El. 6.93US 6.67CA 7.08US 6.81CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.95 -0.37 -1.23 -0.91 CAD $/bu 6.41 6.99 6.12 8.16 CAD $/tonne 235.51 256.74 224.89 299.74 (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 385.04 - 386.15 DDG's FOB Srn, Wndr, Aylm 215.00 - 230.00