FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, June 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9793 up 0.0079 Chicago corn closed moderately higher to higher. JUL11 HI 7.70 DEC11 HI 6.95 LOW 7.54 1/2 LOW 6.75 1/2 CLOSE7.66 1/2 Up 8 CLOSE 6.95 Up 15 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 7.62 299.79 -0.45 6.50 255.89 CK High 0.00 7.67 301.76 -0.40 6.55 257.86 CK Avg -0.01 0.17 7.66 301.43 -0.41 -0.24 6.54 257.53 Essex Cty -0.05 7.62 299.79 -0.45 6.50 255.89 Mdsx Low -0.05 7.62 299.79 -0.45 6.50 255.89 Mdsx High 0.00 7.67 301.76 -0.40 6.55 257.86 Mdsx Avg -0.02 0.17 7.65 301.10 -0.42 -0.25 6.53 257.21 Hensall 0.00 7.67 301.76 -0.40 6.55 257.86 Bruce 0.00 7.67 301.76 -0.40 6.55 257.86 Putnam 0.00 7.67 301.76 -0.40 6.55 257.86 Princeton -0.05 7.62 299.79 -0.45 6.50 255.89 Durham 0.00 7.67 301.76 -0.40 6.55 257.86 Norfolk 0.00 7.67 301.76 -0.40 6.55 257.86 Trenton -0.10 7.57 297.82 -0.45 6.50 255.89 Winchester 0.20 7.87 309.63 -0.45 6.50 255.89 North Gower -0.10 7.57 297.82 -0.90 6.05 238.18 Huron FOB -0.05 7.62 299.79 -0.40 6.55 257.86 Kent FOB 0.00 7.67 301.76 -0.40 6.55 257.86 Lamb FOB 0.00 7.67 301.76 -0.40 6.55 257.86 Mdsx FOB 0.00 -0.40 -0.50N/A 7.67 301.76 -0.55 6.40 251.96 FOB SW Que -0.15 7.52 295.85 -0.65 6.30 248.02 Track 0.35 8.02 315.54N/A PROCESSORS Chat-Eth 0.35 0.70 0.85 1.25 8.02 315.54 -0.35 6.60 259.83 Jhnstwn-Eth N/A N/A N/A 1.25 -0.30 6.65 261.80 Aylmer-Eth 0.20 0.60 0.65 1.05 7.87 309.63 -0.55 6.40 251.96 Sarn-Eth 0.25 0.65 0.80 1.10 7.92 311.60N/A Cllngwd-Eth N/A N/A N/A N/A 7.13 280.50-0.60* 6.35 249.99 Kwrth-Eth 0.20N/A N/A N/A 7.87 309.63N/A London-Cas N/A 0.55 0.60 0.95 -0.75 6.20 244.08 Pt.Colb-Cas N/A 0.65 0.70 1.15 -0.70 6.25 246.05 Cardnl-Cas 0.35 0.65 0.70 1.15 8.02 315.54 -0.80 6.15 242.11 W O Feed 0.38 0.40 8.05 316.72 US Rep 0.55 0.57 8.22 323.41 Toledo El. 0.21 7.88 310.21 -0.42 6.53 257.08 TRANSFER Sarnia -0.05 7.62 299.79 -0.45 6.50 255.89 Pt. Stanley -0.34 7.33 288.37 -0.50 6.45254 Hamilton 0.20 7.87 309.63 -0.50 6.45254 MID SD CRN -0.42 1/2 6.52 1/2 HI SD CRN -0.40 6.55 *Wet Bid Bank of Canada Noon exchange rate was 0.9793 up 0.0079 Chicago soybeans closed moderately higher. JUL11 HI 14.11 1/2 NOV11 HI 13.96 3/4 LOW 13.83 3/4 LOW 13.72 1/2 CLOSE14.07 Up 20 3/4 CLOSE 13.92 3/4 Up 18 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -0.75 13.32 489.43-1.17 12.76 468.76 CK High -0.66 13.41 492.73-1.05 12.88 473.17 CK Average -0.71 -0.3713.36 490.96-1.14-0.8112.79 469.98 Essex Cty -0.62 13.45 494.20-1.09 12.84 471.70 Mdsx Low -0.83 13.24 486.49-1.24 12.69 466.19 Mdsx High -0.70 13.37 491.26-1.15 12.78 469.49 Mdsx Average -0.75 -0.4213.32 489.43-1.18-0.8512.75 468.39 Hensall -0.73 13.35 490.34-1.23 12.70 466.74 Bruce -0.70 13.37 491.26-1.15 12.78 469.49 Putnam -0.70 13.37 491.26-1.15 12.78 469.49 Princeton -0.64 13.43 493.47-1.12 12.81 470.60 Durham -0.79 13.28 487.96-1.21 12.72 467.29 Norfolk -0.61 13.46 494.57-1.10 12.83 471.33 Trenton -0.80 13.27 487.59-1.30 12.63 463.98 Winchester -1.10 12.97 476.57-1.19 12.74 468.02 North Gower N/A -1.05 12.88 473.17 Huron FOB -0.65 13.42 493.10-1.20 12.73 467.66 Kent FOB -0.66 13.41 492.73-1.15 12.78 469.49 Lambton FOB -0.66 13.41 492.73-1.15 12.78 469.49 Middlesex FOB-0.58 N/A N/A N/A 13.49 495.67-0.95 12.98 476.84 PROCESSORS Hamilton -0.30-0.46-0.50-0.45 13.77 505.96-0.69 13.24 486.39 Windsor -0.36-0.36 N/A N/A 13.71 503.76-0.83 13.10 481.25 Winchester -0.90 13.17 483.91-1.10 12.83 471.33 TRANSFER Hamilton -0.35 N/A N/A N/A 13.72 504.12-0.60 13.33 489.70 Pt. Stanley -0.80 13.27 487.59-1.05 12.88 473.17 Sarnia -0.59 13.48 495.31-0.71 13.22 485.66 Owen Sound N/A N/A Sorel QC -0.55 13.52 496.77-0.35 13.58 498.89 Toledo El. 0.07 14.14 519.50-0.42 13.51 496.32 Bank of Canada Noon exchange rate was 0.9793 up 0.0079 Chicago wheat closed moderately higher. JUL11 HI 7.73 1/2 JUL11 HI 7.73 1/2 LOW 7.58 1/2 LOW 7.58 1/2 CLOSE 7.69 3/4 Up 10 1/2 CLOSE 7.69 3/4 Up 10 1/2 Minni wheat closed moderately higher. JUL11 HI 10.25 SEP11 HI 9.92 1/2 LOW 10.05 LOW 9.75 1/2 CLOSE 10.19 1/2 Up 14 CLOSE 9.87 1/4 Up 12 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.57 -0.18 -0.62 -0.39 CAD $/bu 7.12 7.51 7.08 9.81 CAD $/tonne 261.78 276.12 259.98 360.33 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 -0.62 -0.37 -0.91 N/A -0.67 -0.47 -1.30 N/A Hensall -0.60 N/A -0.95 N/A -0.55 N/A -1.20 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 -0.55 N/A -1.20 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 -0.55 N/A -1.20 N/A Chatham N/A N/A N/A N/A N/A -0.53 -1.23 N/A Brigden N/A N/A N/A N/A N/A -0.53 -1.23 N/A Palmerston N/A -0.05 -0.74 0.16 N/A -0.13 -1.02 -0.74 Mitchell -0.60 -0.40 -0.95 N/A -0.55 -0.40 -1.20 N/A Thornton N/A N/A N/A -1.58 N/A N/A N/A -1.72 North Gower N/A N/A N/A N/A N/A N/A N/A -0.65 TERMINAL Sarnia -0.49 -0.05 -0.69 N/A -0.62 -0.08 -0.92 N/A Hamilton N/A N/A 0.00 N/A N/A N/A -0.45 N/A Pt. Stanley N/A N/A -0.45 N/A N/A N/A -0.90 N/A PROCESSORS Toledo FM N/A N/A N/A N/A 0.06 0.50 -0.28 N/A Toledo El. 7.37US 7.19CA 7.57US 7.39CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.57 0.16 -0.67 -0.82 CAD $/bu 7.12 7.86 7.03 9.05 CAD $/tonne 261.78 288.68 258.19 332.62 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 300.00 - 305.00 Bayport Oats 305.00 Bayport Barley 277.00 FOB Hm Soymeal 406.76 - 411.17 DDG's FOB Srn, Wndr, Aylm 205.00 - 215.00