FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9714 up 0.0026 Chicago corn closed moderately higher to higher. JUL11 HI 7.60 1/2 DEC11 HI 6.79 3/4 LOW 7.41 LOW 6.66 CLOSE7.58 1/2 Up 11 CLOSE 6.79 1/2 Up 6 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 -0.05 7.54 296.64 -0.55 6.25 245.85 CK High -0.05 7.54 296.64 -0.45 6.35 249.79 CK Avg -0.05 0.14 7.54 296.64 -0.47 -0.30 6.33 249.14 Essex Cty -0.05 7.54 296.64 -0.55 6.25 245.85 Mdsx Low -0.05 7.54 296.64 -0.55 6.25 245.85 Mdsx High -0.05 7.54 296.64 -0.45 6.35 249.79 Mdsx Avg -0.05 0.14 7.54 296.64 -0.48 -0.32 6.31 248.48 Hensall -0.05 7.54 296.64 -0.50 6.30 247.82 Bruce -0.05 7.54 296.64 -0.45 6.35 249.79 Putnam -0.05 7.54 296.64 -0.45 6.35 249.79 Princeton -0.05 7.54 296.64 -0.55 6.25 245.85 Durham -0.05 7.54 296.64 -0.45 6.35 249.79 Norfolk -0.05 7.54 296.64 -0.45 6.35 249.79 Trenton -0.10 7.49 294.67 -0.45 6.35 249.79 Winchester 0.20 7.79 306.48 -0.50 6.30 247.82 North Gower -0.05 7.54 296.64 -0.90 5.90 232.08 Huron FOB -0.05 7.54 296.64 -0.55 6.25 245.85 Kent FOB -0.05 7.54 296.64 -0.45 6.35 249.79 Lamb FOB -0.05 7.54 296.64 -0.45 6.35 249.79 Mdsx FOB -0.05 0.40 0.50N/A 7.54 296.64 -0.55 6.25 245.85 FOB SW Que -0.10 7.49 294.67 -0.70 6.10 239.95 Track 0.33 7.91 311.40N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A 6.07 238.77 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth 0.20 0.60 0.65 1.05 7.79 306.48 -0.55 6.25 245.85 Sarn-Eth 0.25 0.65 0.80 1.10 7.84 308.45N/A Cllngwd-Eth N/A N/A N/A N/A 7.13 280.50-0.60* 6.20 243.89 Kwrth-Eth 0.20N/A N/A N/A 7.79 306.48N/A London-Cas N/A 0.55 0.60 0.95 -0.75 6.05 237.98 Pt.Colb-Cas N/A 0.65 0.70 1.15 -0.70 6.10 239.95 Cardnl-Cas 0.35 0.65 0.70 1.15 7.94 312.39 -0.80 6.00 236.01 W O Feed 0.38 0.41 7.97 313.57 US Rep 0.55 0.58 8.14 320.26 Toledo El. 0.21 7.80 307.06 -0.42 6.38 251.00 TRANSFER Sarnia -0.05 7.54 296.64 -0.55 6.25 245.85 Pt. Stanley -0.37 7.22 284.04 -0.62 6.18243 Hamilton 0.00 7.59 298.61 -0.53 6.27246 2/3 MID SD CRN -0.50 6.29 1/2 HI SD CRN -0.45 6.34 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9714 up 0.0026 Chicago soybeans closed slightly higher. JUL11 HI 13.90 NOV11 HI 13.78 1/4 LOW 13.7 LOW 13.57 3/4 CLOSE13.86 1/4 Up 10 1/4 CLOSE 13.74 3/4 Up 11 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -0.84 13.02 478.49-1.35 12.40 455.53 CK High -0.79 13.07 480.33-1.20 12.55 461.04 CK Average -0.81 -0.4613.06 479.78-1.28-0.9412.47 458.04 Essex Cty -0.69 13.17 484.01-1.17 12.58 462.14 Mdsx Low -0.90 12.96 476.29-1.35 12.40 455.53 Mdsx High -0.79 13.07 480.33-1.23 12.52 459.94 Mdsx Average -0.83 -0.4913.03 478.86-1.29-0.9512.46 457.86 Hensall -0.80 13.06 479.96-1.49 12.26 450.29 Bruce -0.80 13.06 479.96-1.35 12.40 455.53 Putnam -0.80 13.06 479.96-1.35 12.40 455.53 Princeton -0.73 13.13 482.54-1.23 12.52 459.94 Durham -0.86 13.00 477.76-1.25 12.50 459.20 Norfolk -0.74 13.12 482.17-1.22 12.53 460.31 Trenton -1.10 12.76 468.94-1.30 12.45 457.37 Winchester -1.00 12.86 472.62-1.20 12.55 461.04 North Gower N/A -1.20 12.55 461.04 Huron FOB -0.65 13.21 485.48-1.20 12.55 461.04 Kent FOB -0.79 13.07 480.33-1.27 12.48 458.47 Lambton FOB -0.79 13.07 480.33-1.27 12.48 458.47 Middlesex FOB-0.67 N/A N/A N/A 13.19 484.74-1.09 12.66 465.08 PROCESSORS Hamilton -0.40-0.55-0.60 N/A 13.46 494.66-0.80 12.95 475.74 Windsor -0.36-0.36 N/A N/A 13.50 496.13-0.83 12.92 474.64 Winchester -1.00 12.86 472.62-1.09 12.66 465.08 TRANSFER Hamilton -0.45 N/A N/A N/A 13.41 492.83-0.75 13.00 477.58 Pt. Stanley -0.90 12.96 476.29-1.15 12.60 462.88 Sarnia -0.66 13.20 485.11-0.79 12.96 476.11 Owen Sound N/A N/A Sorel QC -0.65 13.21 485.48-0.40 13.35 490.44 Toledo El. 0.07 13.93 511.87-0.42 13.33 489.72 Bank of Canada Noon exchange rate was 0.9714 up 0.0026 Chicago wheat closed lower. JUL11 HI 7.88 1/4 JUL11 HI 7.88 1/4 LOW 7.54 1/4 LOW 7.54 1/4 CLOSE 7.59 1/4 Down 23 CLOSE 7.59 1/4 Down 23 Minni wheat closed moderately lower. JUL11 HI 10.46 SEP11 HI 9.97 LOW 10.03 1/2 LOW 9.71 1/2 CLOSE 10.05 1/2 Down 19 1/2 CLOSE 9.75 1/4 Down 12 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.58 -0.19 -0.63 -0.39 CAD $/bu 7.02 7.41 6.97 9.66 CAD $/tonne 257.76 272.09 255.97 354.97 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 -0.55 -1.30 N/A London -0.68 -0.43 -1.02 N/A -0.82 -0.53 -1.36 N/A Hensall -0.60 N/A -0.95 N/A -0.65 N/A -1.30 N/A Trenton N/A N/A N/A N/A N/A N/A -1.05 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.05 Essex N/A N/A -0.77 N/A N/A N/A -1.36 N/A Norwich -0.60 N/A -0.95 N/A -0.65 N/A -1.30 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 -0.65 N/A -1.30 N/A Chatham N/A N/A N/A N/A N/A -0.53 -1.34 N/A Brigden N/A N/A N/A N/A N/A -0.53 -1.34 N/A Palmerston N/A -0.21 -0.91 -0.08 N/A -0.28 -1.24 -0.81 Mitchell -0.60 -0.40 -0.95 N/A -0.65 -0.50 -1.30 N/A Thornton N/A N/A N/A -1.69 N/A N/A N/A -1.91 North Gower N/A N/A N/A N/A N/A N/A N/A -0.60 TERMINAL Sarnia -0.54 -0.11 -0.74 N/A -0.67 -0.14 -0.96 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 -0.50 N/A N/A N/A -1.20 N/A PROCESSORS Toledo FM N/A N/A N/A N/A 0.06 0.50 -0.28 N/A Toledo El. 7.21US 7.03CA 7.36US 7.18CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.58 0.11 -0.72 -0.83 CAD $/bu 7.02 7.70 6.87 8.93 CAD $/tonne 257.76 282.84 252.38 328.00 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 305.00 Bayport Oats 310.00 Bayport Barley 270.00 FOB Hm Soymeal 400.92 - 404.22 DDG's FOB Srn, Wndr, Aylm 205.00 - 215.00