FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.977 down 0.0023 Chicago corn closed moderately lower to lower. JUL11 HI 7.69 DEC11 HI 6.96 3/4 LOW 7.51 LOW 6.82 3/4 CLOSE7.54 Down 12 1/2 CLOSE 6.86 1/4 Down 8 3/4 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 7.49 294.87 -0.45 6.41 252.45 CK High 0.05 7.59 298.81 -0.40 6.46 254.42 CK Avg 0.02 0.18 7.56 297.49 -0.41 -0.26 6.45 254.09 Essex Cty -0.05 7.49 294.87 -0.45 6.41 252.45 Mdsx Low -0.05 7.49 294.87 -0.45 6.41 252.45 Mdsx High 0.05 7.59 298.81 -0.40 6.46 254.42 Mdsx Avg 0.02 0.18 7.56 297.49 -0.42 -0.27 6.45 253.76 Hensall 0.03 7.57 297.82 -0.40 6.46 254.42 Bruce -0.05 7.49 294.87 -0.40 6.46 254.42 Putnam 0.00 7.54 296.84 -0.40 6.46 254.42 Princeton -0.05 7.49 294.87 -0.45 6.41 252.45 Durham 0.00 7.54 296.84 -0.40 6.46 254.42 Norfolk 0.00 7.54 296.84 -0.40 6.46 254.42 Trenton -0.05 7.49 294.87 -0.40 6.46 254.42 Winchester 0.25 7.79 306.68 -0.35 6.51 256.39 North Gower -0.05 7.49 294.87 -0.90 5.96 234.73 Huron FOB -0.05 7.49 294.87 -0.40 6.46 254.42 Kent FOB 0.00 7.54 296.84 -0.40 6.46 254.42 Lamb FOB 0.00 7.54 296.84 -0.40 6.46 254.42 Mdsx FOB 0.05 -0.66 -0.60N/A 7.59 298.81 -0.55 6.31 248.51 FOB SW Que -0.05 7.49 294.87 -0.55 6.31 248.51 Track 0.43 7.97 313.57N/A PROCESSORS Chat-Eth 0.35 0.45 0.85 0.83 7.89 310.62 -0.35 6.51 256.39 Jhnstwn-Eth N/A N/A N/A 0.83 -0.30 6.56 258.35 Aylmer-Eth 0.20 0.37 0.65 0.63 7.74 304.71 -0.55 6.31 248.51 Sarn-Eth 0.25 0.42 0.80 0.68 7.79 306.68N/A Cllngwd-Eth N/A N/A N/A N/A 7.13 280.500.25* 7.11 280.01 Kwrth-Eth 0.50N/A N/A N/A 8.04 316.52N/A London-Cas 0.30 0.35 0.65 0.75 7.84 308.65 -0.75 6.11 240.64 Pt.Colb-Cas 0.40 0.45 0.75 0.80 7.94 312.58 -0.70 6.16 242.61 Cardnl-Cas 0.40 0.45 0.70 0.80 7.94 312.58 -0.80 6.06 238.67 W O Feed 0.41 0.43 7.95 312.98 US Rep 0.55 0.57 8.09 318.49 Toledo El. 0.22 7.76 305.31 -0.42 6.44 253.61 TRANSFER Sarnia -0.05 7.49 294.87 -0.45 6.41 252.45 Pt. Stanley -0.34 7.20 283.45 -0.50 6.36250 1/2 Hamilton 0.20 7.74 304.71 -0.50 6.36250 1/2 MID SD CRN -0.42 1/2 6.43 3/4 HI SD CRN -0.40 6.46 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.977 down 0.0023 Chicago soybeans closed slightly higher. JUL11 HI 14.19 1/2 NOV11 HI 14.03 1/4 LOW 14.04 1/2 LOW 13.90 3/4 CLOSE14.14 1/2 Up 7 1/2 CLOSE 13.97 Up 4 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG11 CK Low -0.77 13.38 491.45-1.21 12.76 468.85 CK High -0.63 13.52 496.59-1.00 12.97 476.57 CK Average -0.68 -0.3713.46 494.69-1.11-0.8112.86 472.40 Essex Cty -0.62 13.53 496.96-1.09 12.88 473.26 Mdsx Low -0.80 13.35 490.34-1.17 12.80 470.32 Mdsx High -0.65 13.50 495.86-1.10 12.87 472.89 Mdsx Average -0.72 -0.4113.42 493.16-1.14-0.8312.83 471.42 Hensall -0.65 13.50 495.86-1.15 12.82 471.05 Bruce -0.65 13.50 495.86-1.10 12.87 472.89 Putnam -0.65 13.50 495.86-1.10 12.87 472.89 Princeton -0.64 13.51 496.22-1.12 12.85 472.16 Durham -0.76 13.39 491.81-1.14 12.83 471.42 Norfolk -0.58 13.57 498.43-1.05 12.92 474.73 Trenton -0.90 13.25 486.67-1.15 12.82 471.05 Winchester -0.94 13.21 485.20-0.93 13.04 479.14 North Gower N/A -1.05 12.92 474.73 Huron FOB -0.65 13.50 495.86-1.20 12.77 469.22 Kent FOB -0.63 13.52 496.59-1.10 12.87 472.89 Lambton FOB -0.63 13.52 496.59-1.10 12.87 472.89 Middlesex FOB-0.65 N/A N/A N/A 13.50 495.86-1.00 12.97 476.57 PROCESSORS Hamilton -0.28-0.44-0.49-0.44 13.87 509.45-0.70 13.27 487.59 Windsor -0.29-0.29 N/A N/A 13.86 509.08-0.77 13.20 485.02 Winchester -1.00 13.15 483.00-1.09 12.88 473.26 TRANSFER Hamilton -0.35 N/A N/A N/A 13.80 506.88-0.60 13.37 491.26 Pt. Stanley -0.80 13.35 490.34-1.05 12.92 474.73 Sarnia -0.59 13.56 498.06-0.71 13.26 487.22 Owen Sound N/A N/A Sorel QC -0.55 13.60 499.53-0.25 13.72 504.12 Toledo El. 0.07 14.21 522.26-0.42 13.55 497.86 Bank of Canada Noon exchange rate was 0.977 down 0.0023 Chicago wheat closed slightly higher. JUL11 HI 7.81 1/2 JUL11 HI 7.81 1/2 LOW 7.58 3/4 LOW 7.58 3/4 CLOSE 7.73 3/4 Up 4 CLOSE 7.73 3/4 Up 4 Minni wheat closed slightly to sharply higher. JUL11 HI 10.77 1/4 SEP11 HI 10.06 3/4 LOW 10.22 LOW 9.80 CLOSE 10.60 1/2 Up 41 CLOSE 9.93 1/2 Up 6 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.56 -0.17 -0.61 -0.38 CAD $/bu 7.18 7.57 7.13 10.22 CAD $/tonne 263.67 278.05 261.88 375.70 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 -0.45 -1.20 N/A London -0.58 -0.34 -0.88 N/A -0.62 -0.43 -1.26 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 -1.00 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.05 Essex N/A N/A -0.66 N/A N/A N/A -1.24 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 -0.45 -1.20 N/A Brigden N/A N/A N/A N/A N/A -0.45 -1.20 N/A Palmerston N/A -0.05 -0.74 0.16 N/A -0.18 -1.05 -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 -2.07 N/A N/A N/A -1.75 North Gower N/A N/A N/A N/A N/A N/A N/A -0.65 TERMINAL Sarnia -0.59 -0.05 -0.83 N/A -0.62 -0.08 -0.87 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 0.07 0.51 -0.27 N/A Toledo El. 7.41US 7.24CA 7.61US 7.44CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.56 0.17 -0.66 -0.81 CAD $/bu 7.18 7.91 7.08 9.13 CAD $/tonne 263.67 290.63 260.08 335.45 (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 414.92 - 417.12 DDG's FOB Srn, Wndr, Aylm 205.00 - 215.00