FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 20 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9735 up 0.0034 Chicago corn closed slightly higher to higher. JUL11 HI 7.65 DEC11 HI 6.71 1/2 LOW 7.43 1/4 LOW 6.53 1/2 CLOSE7.59 1/2 Up 11 1/4 CLOSE 6.66 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 -0.30 7.30 287.19 -0.80 5.87 230.89 CK High -0.25 7.35 289.16 -0.75 5.92 232.86 CK Avg -0.29 -0.08 7.31 287.72 -0.79 -0.61 5.88 231.35 Essex Cty -0.30 7.30 287.19 -0.80 5.87 230.89 Mdsx Low -0.30 7.30 287.19 -0.80 5.87 230.89 Mdsx High -0.30 7.30 287.19 -0.80 5.87 230.89 Mdsx Avg -0.30 -0.09 7.30 287.19 -0.80 -0.62 5.87 230.89 Hensall -0.30 7.30 287.19 -0.80 5.87 230.89 Bruce -0.30 7.30 287.19 -0.80 5.87 230.89 Putnam -0.30 7.30 287.19 -0.80 5.87 230.89 Princeton -0.30 7.30 287.19 -0.80 5.87 230.89 Durham -0.30 7.30 287.19 -0.80 5.87 230.89 Norfolk -0.27 7.33 288.37 -0.78 5.89 231.68 Trenton -0.35 7.25 285.22 -0.75 5.92 232.86 Winchester -0.05 7.55 297.03 -0.65 6.02 236.80 North Gower -0.35 7.25 285.22 -1.10 5.57 219.08 Huron FOB -0.25 7.35 289.16 -0.75 5.92 232.86 Kent FOB -0.27 7.33 288.37 -0.78 5.89 231.68 Lamb FOB -0.27 7.33 288.37 -0.78 5.89 231.68 Mdsx FOB -0.30 -0.30 0.15 0.30 7.30 287.19 -0.80 5.87 230.89 FOB SW Que -0.20 7.40 291.13 -0.70 5.97 234.83 Track 0.08 7.67 301.95N/A PROCESSORS Chat-Eth N/A -0.40 0.15 0.35 -0.75 5.92 232.86 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth -0.25 -0.25 0.20 0.30 7.35 289.16 -0.80 5.87 230.89 Sarn-Eth N/A -0.15 0.35 0.50 N/A Cllngwd-Eth -0.25N/A N/A N/A 7.35 289.16-0.75* 5.92 232.86 Kwrth-Eth N/A -0.10 0.15N/A N/A London-Cas N/A N/A 0.05 0.25 -0.70 5.97 234.83 Pt.Colb-Cas N/A N/A 0.25 0.35 -0.65 6.02 236.80 Cardnl-Cas N/A 0.00 0.30 0.35 -0.65 6.02 236.80 W O Feed 0.04 0.07 7.64 300.58 US Rep 0.40 0.43 8.00 314.75 Toledo El. 0.12 7.71 303.60 -0.42 6.25 245.92 TRANSFER Sarnia -0.30 7.30 287.19 -0.80 5.87 230.89 Pt. Stanley -0.38 7.22 284.04 -0.87 5.80228 1/7 Hamilton -0.05 7.55 297.03 -0.72 5.95234 MID SD CRN -0.77 1/2 5.89 HI SD CRN -0.75 5.91 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9735 up 0.0034 Chicago soybeans closed steady to slightly higher. JUL11 HI 13.96 NOV11 HI 13.61 LOW 13.65 LOW 13.37 1/4 CLOSE13.80 1/4 Up 3/4 CLOSE 13.50 1/2 Up 1 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -0.88 12.92 474.82-1.30 12.21 448.46 CK High -0.68 13.12 482.17-1.15 12.36 453.97 CK Average -0.75 -0.3813.05 479.54-1.24-0.8812.26 450.54 Essex Cty -0.73 13.07 480.33-1.24 12.27 450.66 Mdsx Low -0.83 12.97 476.66-1.31 12.20 448.09 Mdsx High -0.75 13.05 479.60-1.25 12.26 450.29 Mdsx Average -0.79 -0.4213.01 478.13-1.27-0.9012.24 449.56 Hensall -0.78 13.03 478.68-1.28 12.23 449.38 Bruce -0.75 13.05 479.60-1.25 12.26 450.29 Putnam -0.75 13.05 479.60-1.25 12.26 450.29 Princeton -0.83 12.97 476.66-1.26 12.25 449.93 Durham -0.75 13.05 479.60-1.22 12.29 451.40 Norfolk -0.65 13.15 483.27-1.22 12.29 451.40 Trenton -1.10 12.70 466.74-1.30 12.21 448.46 Winchester -0.92 12.88 473.35-1.20 12.31 452.13 North Gower -0.85 12.95 475.92-0.85 12.66 464.99 Huron FOB -0.70 13.10 481.43-1.20 12.31 452.13 Kent FOB -0.70 13.10 481.43-1.27 12.24 449.56 Lambton FOB -0.70 13.10 481.43-1.27 12.24 449.56 Middlesex FOB-0.74-0.64 N/A N/A 13.06 479.96-1.06 12.45 457.28 PROCESSORS Hamilton -0.35-0.35-0.52-0.57 13.45 494.29-0.77 12.74 467.93 Windsor -0.33-0.33-0.32 N/A 13.47 495.03-0.91 12.60 462.79 Winchester -0.82 12.98 477.03-1.10 12.41 455.81 TRANSFER Hamilton -0.50 N/A N/A N/A 13.30 488.78-0.75 12.76 468.67 Pt. Stanley -0.90 12.90 474.09-1.20 12.31 452.13 Sarnia -0.71 13.09 481.07-0.87 12.64 464.26 Owen Sound N/A N/A Sorel QC -0.60 13.20 485.11-0.35 13.16 483.36 Toledo El. 0.02 13.82 507.87-0.42 13.09 480.85 Bank of Canada Noon exchange rate was 0.9735 up 0.0034 Chicago wheat closed slightly lower. JUL11 HI 8.18 1/2 JUL11 HI 8.18 1/2 LOW 7.90 LOW 7.90 CLOSE 8.06 1/2 Down 5 1/2 CLOSE 8.06 1/2 Down 5 1/2 Minni wheat closed slightly lower. JUL11 HI 10.11 3/4 SEP11 HI 9.96 LOW 9.78 LOW 9.69 CLOSE 9.99 3/4 Down 6 1/2 CLOSE 9.80 3/4 Down 8 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.61 -0.22 -0.66 -0.42 CAD $/bu 7.46 7.85 7.41 9.58 CAD $/tonne 274.00 288.29 272.21 352.01 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 -0.39 -0.97 N/A -0.78 -0.49 -1.32 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 -1.05 Essex N/A N/A -0.86 N/A N/A N/A -1.36 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 -0.24 -0.93 0.07 N/A -0.36 -1.32 -0.82 Mitchell -0.60 -0.40 -0.95 N/A -0.70 -0.50 -1.35 N/A Thornton N/A N/A N/A -1.20 N/A N/A N/A -1.59 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 -0.25 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 0.02 0.46 -0.32 N/A Toledo El. 7.74US 7.53CA 7.84US 7.62CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.71 -0.12 -0.90 -0.85 CAD $/bu 7.36 7.94 7.17 8.96 CAD $/tonne 270.42 291.87 263.27 329.13 (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 399.70 - 400.81 DDG's FOB Srn, Wndr, Aylm 215.00 - 230.00