FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, June 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9745 down 0.0040 Chicago corn closed slightly to moderately higher. JUL11 HI 7.37 3/4 DEC11 HI 6.76 1/2 LOW 7.29 1/4 LOW 6.67 CLOSE7.36 1/2 Up 4 1/2 CLOSE 6.76 1/2 Up 9 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP11+SEP11+DEC11 CK Low -0.05 7.32 287.98 -0.45 6.32 248.61 CK High 0.15 7.52 295.85 -0.40 6.37 250.58 CK Avg 0.09 0.29 7.46 293.56 -0.41 -0.23 6.36 250.25 Essex Cty -0.05 7.32 287.98 -0.45 6.32 248.61 Mdsx Low -0.05 7.32 287.98 -0.45 6.32 248.61 Mdsx High 0.15 7.52 295.85 -0.40 6.37 250.58 Mdsx Avg 0.07 0.26 7.43 292.57 -0.42 -0.24 6.35 249.92 Hensall 0.10 7.47 293.88 -0.40 6.37 250.58 Bruce 0.10 7.47 293.88 -0.40 6.37 250.58 Putnam 0.15 7.52 295.85 -0.40 6.37 250.58 Princeton -0.05 7.32 287.98 -0.45 6.32 248.61 Durham 0.15 7.52 295.85 -0.40 6.37 250.58 Norfolk 0.10 7.47 293.88 -0.40 6.37 250.58 Trenton 0.05 7.42 291.92 -0.40 6.37 250.58 Winchester 0.30 7.67 301.76 -0.35 6.42 252.55 North Gower 0.00 7.37 289.95 -0.40 6.37 250.58 Huron FOB 0.00 7.37 289.95 -0.40 6.37 250.58 Kent FOB 0.10 7.47 293.88 -0.40 6.37 250.58 Lamb FOB 0.10 7.47 293.88 -0.40 6.37 250.58 Mdsx FOB 0.15N/A N/A N/A 7.52 295.85 -0.55 6.22 244.67 FOB SW Que 0.00 7.37 289.95 -0.50 6.27 246.64 Track 0.53 7.89 310.62N/A PROCESSORS Chat-Eth 0.40 0.75 0.80 1.30 7.77 305.69 -0.30 6.47 254.52 Jhnstwn-Eth N/A N/A N/A 1.25 -0.30 6.47 254.52 Aylmer-Eth 0.20 0.60 0.65 1.05 7.57 297.82 -0.55 6.22 244.67 Sarn-Eth 0.35 0.75 0.90 1.20 7.72 303.73N/A Cllngwd-Eth 0.25N/A N/A N/A 7.62 299.79-0.50* 6.27 246.64 Kwrth-Eth 0.55N/A N/A N/A 7.92 311.60N/A London-Cas 0.30 0.60 0.65 1.17 7.67 301.76 -0.75 6.02 236.80 Pt.Colb-Cas 0.40 0.70 0.75 1.25 7.77 305.69 -0.70 6.07 238.77 Cardnl-Cas 0.40 0.70 0.75 1.25 7.77 305.69 -0.80 5.97 234.83 W O Feed 0.47 0.49 7.84 308.45 US Rep 0.55 0.57 7.92 311.60 Toledo El. 0.21 7.58 298.38 -0.42 6.35 249.84 TRANSFER Sarnia -0.05 7.32 287.98 -0.45 6.32 248.61 Pt. Stanley -0.34 7.03 276.56 -0.50 6.27246 2/3 Hamilton 0.20 7.57 297.82 -0.50 6.27246 2/3 MID SD CRN -0.42 1/2 6.34 HI SD CRN -0.40 6.36 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9745 down 0.0040 Chicago soybeans closed slightly to moderately higher. JUL11 HI 13.94 3/4 NOV11 HI 13.85 1/4 LOW 13.80 1/4 LOW 13.70 CLOSE13.94 Up 10 3/4 CLOSE 13.85 1/4 Up 12 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV11 CK Low -0.80 13.14 482.81-1.23 12.62 463.80 CK High -0.75 13.19 484.65-1.15 12.70 466.74 CK Average -0.77 -0.4113.17 483.79-1.20-0.8312.66 465.02 Essex Cty -0.70 13.24 486.49-1.20 12.65 464.90 Mdsx Low -0.82 13.12 482.08-1.23 12.62 463.80 Mdsx High -0.75 13.19 484.65-1.18 12.67 465.63 Mdsx Average -0.78 -0.4113.16 483.55-1.20-0.8412.65 464.78 Hensall -0.70 13.24 486.49-1.18 12.68 465.82 Bruce -0.75 13.19 484.65-1.20 12.65 464.90 Putnam -0.75 13.19 484.65-1.20 12.65 464.90 Princeton -0.73 13.21 485.38-1.14 12.71 467.10 Durham -0.78 13.16 483.55-1.20 12.65 464.90 Norfolk -0.71 13.23 486.12-1.16 12.69 466.37 Trenton -1.00 12.94 475.46-1.20 12.65 464.90 Winchester -1.02 12.92 474.73-1.01 12.84 471.88 North Gower N/A -1.10 12.75 468.57 Huron FOB -0.50 13.44 493.84-1.05 12.80 470.41 Kent FOB -0.76 13.18 484.28-1.21 12.64 464.53 Lambton FOB -0.76 13.18 484.28-1.21 12.64 464.53 Middlesex FOB-0.64 N/A N/A N/A 13.30 488.69-1.02 12.83 471.51 PROCESSORS Hamilton -0.32-0.48-0.53 N/A 13.62 500.45-0.74 13.11 481.80 Windsor -0.37-0.37 N/A N/A 13.57 498.61-0.85 13.00 477.76 Winchester -0.84 13.10 481.34-0.83 13.02 478.49 TRANSFER Hamilton -0.35 N/A N/A N/A 13.59 499.35-0.60 13.25 486.95 Pt. Stanley -0.80 13.14 482.81-1.05 12.80 470.41 Sarnia -0.66 13.28 487.96-0.77 13.08 480.70 Owen Sound N/A N/A Sorel QC -0.52 13.42 493.10-0.24 13.61 500.17 Toledo El. 0.07 14.01 514.71-0.42 13.43 493.61 Bank of Canada Noon exchange rate was 0.9745 down 0.0040 Chicago wheat closed moderately lower. JUL11 HI 7.47 JUL11 HI 7.47 LOW 7.31 1/4 LOW 7.31 1/4 CLOSE 7.33 3/4 Down 10 1/4 CLOSE 7.33 3/4 Down 10 1/4 Minni wheat closed moderately to sharply lower. JUL11 HI 10.45 1/2 SEP11 HI 9.65 1/4 LOW 9.82 LOW 9.43 CLOSE 9.84 3/4 Down 57 1/4 CLOSE 9.50 1/2 Down 12 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.58 -0.19 -0.63 -0.40 CAD $/bu 6.76 7.14 6.71 9.44 CAD $/tonne 248.21 262.52 246.42 346.95 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 -1.20 N/A London -0.63 -0.39 -0.92 N/A -0.63 -0.49 -1.27 N/A Hensall -0.40 N/A -0.75 N/A -0.45 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 -0.69 N/A N/A N/A -1.26 N/A Norwich -0.40 N/A -0.75 N/A -0.45 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 -0.40 N/A -0.75 N/A -0.45 N/A -1.20 N/A Chatham N/A N/A N/A N/A N/A -0.47 -1.25 N/A Brigden N/A N/A N/A N/A N/A -0.47 -1.25 N/A Palmerston N/A -0.05 -0.75 0.14 N/A -0.18 -1.04 -0.75 Mitchell -0.40 -0.20 -0.75 N/A -0.45 -0.20 -1.20 N/A Thornton N/A N/A N/A -1.57 N/A N/A N/A -1.69 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 0.05 0.49 -0.29 N/A Toledo El. 7.01US 6.82CA 7.21US 7.02CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.58 0.15 -0.68 -0.83 CAD $/bu 6.76 7.49 6.66 8.67 CAD $/tonne 248.21 275.04 244.63 318.60 (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 280.00 FOB Hm Soymeal 414.48 - 416.68 DDG's FOB Srn, Wndr, Aylm 205.00 - 215.00