FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 18 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9723 down 0.0050 Chicago corn closed higher to sharply higher. JUL11 HI 7.50 1/4 DEC11 HI 6.76 1/2 LOW 7.21 1/2 LOW 6.52 3/4 CLOSE7.49 3/4 Up 29 1/2 CLOSE 6.72 3/4 Up 19 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 -0.40 7.10 279.42 -0.95 5.78 227.45 CK High -0.35 7.15 281.38 -0.85 5.88 231.39 CK Avg -0.38 -0.17 7.12 280.40 -0.87 -0.68 5.86 230.73 Essex Cty -0.40 7.10 279.42 -0.95 5.78 227.45 Mdsx Low -0.40 7.10 279.42 -0.95 5.78 227.45 Mdsx High -0.35 7.15 281.38 -0.85 5.88 231.39 Mdsx Avg -0.37 -0.16 7.13 280.73 -0.88 -0.70 5.84 230.07 Hensall -0.35 7.15 281.38 -0.85 5.88 231.39 Bruce -0.40 7.10 279.42 -0.85 5.88 231.39 Putnam -0.40 7.10 279.42 -0.85 5.88 231.39 Princeton -0.40 7.10 279.42 -0.95 5.78 227.45 Durham -0.35 7.15 281.38 -0.90 5.83 229.42 Norfolk -0.35 7.15 281.38 -0.85 5.88 231.39 Trenton -0.40 7.10 279.42 -1.00 5.73 225.48 Winchester -0.05 7.45 293.20 -0.80 5.93 233.36 North Gower -0.35 7.15 281.38 -1.10 5.63 221.54 Huron FOB -0.35 7.15 281.38 -0.75 5.98 235.32 Kent FOB -0.35 7.15 281.38 -0.85 5.88 231.39 Lamb FOB -0.35 7.15 281.38 -0.85 5.88 231.39 Mdsx FOB -0.35 -0.35 0.00 0.20 7.15 281.38 -0.85 5.88 231.39 FOB SW Que 0.10 7.60 299.10 -0.70 6.03 237.29 Track 0.08 7.57 298.12N/A PROCESSORS Chat-Eth N/A -0.40 0.15 0.35 -0.75 5.98 235.32 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.25 -0.25 0.20 0.30 7.25 285.32 -0.80 5.93 233.36 Sarn-Eth N/A -0.35 0.20 0.40 N/A Cllngwd-Eth -0.25N/A N/A N/A 7.25 285.32-0.75* 5.98 235.32 Kwrth-Eth N/A -0.05 0.15N/A N/A London-Cas N/A N/A 0.05 0.25 -0.70 6.03 237.29 Pt.Colb-Cas N/A N/A 0.25 0.35 -0.65 6.08 239.26 Cardnl-Cas N/A 0.00 0.30 0.95 -0.65 6.08 239.26 W O Feed 0.04 0.07 7.54 296.74 US Rep 0.40 0.43 7.90 310.91 Toledo El. 0.09 7.59 298.61 -0.46 6.27 246.85 TRANSFER Sarnia -0.40 7.10 279.42 -0.95 5.78 227.45 Pt. Stanley -0.53 6.97 274.30 -0.97 5.76226 2/3 Hamilton 0.00 7.50 295.16 -0.60 6.13241 2/9 MID SD CRN -0.90 1 5.82 3/4 HI SD CRN -0.85 5.87 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9723 down 0.0050 Chicago soybeans closed higher. JUL11 HI 13.87 1/2 NOV11 HI 13.60 1/4 LOW 13.40 3/4 LOW 13.20 CLOSE13.79 1/2 Up 38 1/2 CLOSE 13.53 1/4 Up 32 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -0.80 13.00 477.48-1.26 12.27 450.94 CK High -0.69 13.11 481.53-1.20 12.33 453.14 CK Average -0.75 -0.3813.04 479.26-1.24-0.8712.30 451.79 Essex Cty -0.70 13.10 481.16-1.13 12.40 455.71 Mdsx Low -0.80 13.00 477.48-1.25 12.28 451.30 Mdsx High -0.75 13.05 479.32-1.21 12.32 452.77 Mdsx Average -0.78 -0.4113.01 478.10-1.24-0.8712.30 451.79 Hensall -0.75 13.05 479.32-1.25 12.28 451.30 Bruce -0.75 13.05 479.32-1.25 12.28 451.30 Putnam -0.75 13.05 479.32-1.25 12.28 451.30 Princeton -0.74 13.06 479.69-1.15 12.38 454.98 Durham -0.76 13.04 478.95-1.22 12.31 452.41 Norfolk -0.72 13.08 480.42-1.21 12.32 452.77 Trenton -1.00 12.80 470.14-1.15 12.38 454.98 Winchester -0.80 13.00 477.48-1.08 12.45 457.55 North Gower -0.75 13.05 479.32-0.80 12.73 467.84 Huron FOB -0.70 13.10 481.16-1.20 12.33 453.14 Kent FOB -0.77 13.03 478.59-1.26 12.27 450.94 Lambton FOB -0.77 13.03 478.59-1.26 12.27 450.94 Middlesex FOB-0.65-0.65 N/A N/A 13.15 483.00-1.08 12.45 457.55 PROCESSORS Hamilton -0.35-0.35-0.51-0.56 13.45 494.02-0.76 12.77 469.31 Windsor -0.31-0.31-0.34 N/A 13.49 495.49-0.89 12.64 464.53 Winchester -0.75 13.05 479.32-0.90 12.63 464.16 TRANSFER Hamilton -0.45 N/A N/A N/A 13.35 490.34-0.70 12.83 471.51 Pt. Stanley -0.90 12.90 473.81-1.15 12.38 454.98 Sarnia -0.64 13.16 483.36-0.77 12.76 468.94 Owen Sound N/A N/A Sorel QC -0.60 13.20 484.83-0.35 13.18 484.37 Toledo El. -0.06 13.74 504.73-0.47 13.07 480.08 Bank of Canada Noon exchange rate was 0.9723 down 0.0050 Chicago wheat closed sharply higher. JUL11 HI 8.22 1/4 JUL11 HI 8.22 1/4 LOW 7.67 LOW 7.67 CLOSE 8.17 Up 53 CLOSE 8.17 Up 53 Minni wheat closed sharply higher to limit up. JUL11 HI 9.96 1/4 SEP11 HI 9.88 1/2 LOW 9.36 1/4 LOW 9.37 3/4 CLOSE 9.96 1/4 Up 60 CLOSE 9.83 3/4 Up 47 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.95 -0.32 -0.81 -0.42 CAD $/bu 7.22 7.85 7.36 9.55 CAD $/tonne 265.24 288.47 270.60 350.76 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 N/A N/A N/A N/A -0.40 -1.25 N/A London -0.63 -0.38 -0.97 N/A -0.77 -0.48 -1.31 N/A Hensall -0.60 N/A -0.95 N/A -0.70 N/A -1.35 N/A Trenton N/A N/A N/A N/A N/A N/A -1.15 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.30 Essex N/A N/A -0.85 N/A N/A N/A -1.38 N/A Norwich -0.60 N/A -0.95 N/A -0.70 N/A -1.35 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.60 N/A -0.95 N/A -0.70 N/A -1.35 N/A Chatham N/A -0.47 -1.03 N/A N/A -0.47 -1.36 N/A Brigden N/A -0.47 -1.03 N/A N/A -0.47 -1.36 N/A Palmerston N/A -0.16 -0.86 0.17 N/A -0.31 -1.28 -0.74 Mitchell -0.60 -0.40 -0.95 N/A -0.70 -0.50 -1.35 N/A Thornton N/A N/A N/A -1.06 N/A N/A N/A -1.64 North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia -0.51 -0.08 -0.61 N/A -0.65 -0.11 -0.99 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 -0.75 N/A N/A N/A -1.25 N/A PROCESSORS Toledo FM N/A N/A N/A N/A 0.02 0.46 -0.32 N/A Toledo El. 7.84US 7.63CA 7.94US 7.72CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.90 -0.32 -1.19 -0.85 CAD $/bu 7.27 7.85 6.98 8.99 CAD $/tonne 267.03 288.47 256.30 330.21 (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 399.04 - 400.15 DDG's FOB Srn, Wndr, Aylm 215.00 - 230.00