FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, June 14 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9686 down 0.0093 Chicago corn closed lower to sharply lower. JUL11 HI 7.79 1/2 DEC11 HI 7.00 3/4 LOW 7.52 1/2 LOW 6.74 3/4 CLOSE7.55 1/2 Down 27 CLOSE 6.85 Down 19 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 0.15 7.71 303.33 -0.40 6.45 253.93 CK High 0.15 7.71 303.33 -0.40 6.45 253.93 CK Avg 0.15 0.39 7.71 303.33 -0.40 -0.18 6.45 253.93 Essex Cty 0.15 7.71 303.33 -0.40 6.45 253.93 Mdsx Low 0.15 7.71 303.33 -0.40 6.45 253.93 Mdsx High 0.15 7.71 303.33 -0.40 6.45 253.93 Mdsx Avg 0.15 0.39 7.71 303.33 -0.40 -0.18 6.45 253.93 Hensall 0.15 7.71 303.33 -0.40 6.45 253.93 Bruce 0.15 7.71 303.33 -0.40 6.45 253.93 Putnam 0.15 7.71 303.33 -0.40 6.45 253.93 Princeton 0.15 7.71 303.33 -0.40 6.45 253.93 Durham 0.15 7.71 303.33 -0.40 6.45 253.93 Norfolk 0.15 7.71 303.33 -0.40 6.45 253.93 Trenton 0.10 7.66 301.36 -0.40 6.45 253.93 Winchester 0.30 7.86 309.24 -0.35 6.50 255.89 North Gower 0.00 7.56 297.43 -0.40 6.45 253.93 Huron FOB 0.15 7.71 303.33 -0.40 6.45 253.93 Kent FOB 0.15 7.71 303.33 -0.40 6.45 253.93 Lamb FOB 0.15 7.71 303.33 -0.40 6.45 253.93 Mdsx FOB 0.15 0.40 0.65N/A 7.71 303.33 -0.55 6.30 248.02 FOB SW Que 0.00 7.56 297.43 -0.50 6.35 249.99 Track 0.55 8.11 319.08N/A PROCESSORS Chat-Eth 0.40 0.75 0.80 1.30 7.96 313.17 -0.50 6.35 249.99 Jhnstwn-Eth N/A N/A N/A 1.25 -0.55 6.30 248.02 Aylmer-Eth 0.20 0.60 0.65 1.05 7.76 305.30 -0.55 6.30 248.02 Sarn-Eth N/A N/A 0.90 1.20 -0.35 6.50 255.89 Cllngwd-Eth 0.25N/A N/A N/A 7.81 307.27-0.50* 6.35 249.99 Kwrth-Eth 0.60N/A N/A N/A 8.16 321.05N/A London-Cas 0.30 0.60 0.65 1.17 7.86 309.24 -0.75 6.10 240.15 Pt.Colb-Cas 0.40 0.70 0.75 1.25 7.96 313.17 -0.70 6.15 242.11 Cardnl-Cas 0.40 0.70 0.75 1.25 7.96 313.17 -0.80 6.05 238.18 W O Feed 0.53 0.56 8.09 318.29 US Rep 0.85 0.88 8.41 330.89 Toledo El. 0.31 7.86 309.63 -0.42 6.43 253.28 TRANSFER Sarnia 0.15 7.71 303.33 -0.40 6.45 253.93 Pt. Stanley -0.03 7.53 296.25 -0.48 6.37250 7/9 Hamilton -0.20 7.36 289.55 -0.53 6.32248 4/5 MID SD CRN -0.40 6.451 HI SD CRN -0.40 6.451 *Wet Bid Bank of Canada Noon exchange rate was 0.9686 down 0.0093 Chicago soybeans closed moderately lower. JUL11 HI 13.87 NOV11 HI 13.79 3/4 LOW 13.53 1/2 LOW 13.47 1/2 CLOSE13.68 Down 14 3/4 CLOSE 13.63 3/4 Down 13 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV11 CK Low -0.75 12.93 475.10-1.26 12.38 454.80 CK High -0.68 13.00 477.67-1.13 12.51 459.57 CK Average -0.71 -0.2812.97 476.63-1.21-0.7712.43 456.82 Essex Cty -0.57 13.11 481.71-1.07 12.57 461.78 Mdsx Low -0.84 12.84 471.79-1.22 12.42 456.27 Mdsx High -0.70 12.98 476.93-1.13 12.51 459.57 Mdsx Average -0.75 -0.3112.93 475.22-1.18-0.7512.45 457.61 Hensall -0.68 13.01 477.85-1.18 12.46 457.92 Bruce -0.70 12.98 476.93-1.20 12.44 457.00 Putnam -0.70 12.98 476.93-1.20 12.44 457.00 Princeton -0.59 13.09 480.98-1.09 12.55 461.04 Durham -0.80 12.88 473.26-1.19 12.45 457.37 Norfolk -0.67 13.01 478.04-1.21 12.43 456.63 Trenton -1.00 12.68 465.91-1.10 12.54 460.67 Winchester -1.00 12.68 465.91-0.92 12.72 467.29 North Gower -0.95 12.73 467.75-1.05 12.59 462.51 Huron FOB -0.50 13.18 484.28-1.05 12.59 462.51 Kent FOB -0.72 12.96 476.20-1.26 12.38 454.80 Lambton FOB -0.72 12.96 476.20-1.26 12.38 454.80 Middlesex FOB-0.68 N/A -0.51 N/A 13.00 477.67-1.05 12.59 462.51 PROCESSORS Hamilton -0.38-0.55-0.60 N/A 13.30 488.69-0.80 12.84 471.70 Windsor -0.34-0.34 N/A N/A 13.34 490.16-0.91 12.73 467.66 Winchester -0.90 12.78 469.58-0.82 12.82 470.96 TRANSFER Hamilton -0.30 N/A N/A N/A 13.38 491.63-0.55 13.09 480.88 Pt. Stanley -0.75 12.93 475.10-1.00 12.64 464.35 Sarnia -0.60 13.08 480.61-0.71 12.93 475.00 Owen Sound N/A N/A Sorel QC -0.52 13.16 483.55-0.24 13.40 492.27 Toledo El. 0.12 13.80 506.92-0.42 13.22 485.79 Bank of Canada Noon exchange rate was 0.9686 down 0.0093 Chicago wheat closed moderately lower. JUL11 HI 7.48 JUL11 HI 7.48 LOW 7.14 1/4 LOW 7.14 1/4 CLOSE 7.31 1/4 Down 11 3/4 CLOSE 7.31 1/4 Down 11 3/4 Minni wheat closed moderately lower. JUL11 HI 9.96 SEP11 HI 9.39 1/2 LOW 9.66 LOW 9.11 CLOSE 9.68 1/2 Down 16 3/4 CLOSE 9.18 Down 17 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.62 -0.23 -0.67 -0.45 CAD $/bu 6.69 7.08 6.65 9.23 CAD $/tonne 245.95 260.18 244.17 339.26 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 -0.59 -0.39 -0.78 N/A -0.59 -0.49 -1.27 N/A Hensall -0.40 N/A -0.75 N/A -0.45 N/A -1.10 N/A Trenton N/A N/A N/A N/A N/A N/A -0.90 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.05 Essex N/A N/A -0.62 N/A N/A N/A -1.25 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 -0.46 -1.23 N/A Brigden N/A N/A N/A N/A N/A -0.46 -1.23 N/A Palmerston N/A -0.09 -0.59 0.29 N/A -0.31 -1.08 -0.79 Mitchell -0.40 -0.20 -0.75 N/A -0.45 -0.20 -1.10 N/A Thornton N/A N/A N/A -1.45 N/A N/A N/A -1.00 North Gower N/A N/A N/A N/A N/A N/A N/A -0.65 TERMINAL Sarnia -0.26 -0.14 -0.84 N/A -0.24 -0.15 -0.83 N/A Hamilton N/A N/A -0.20 N/A N/A N/A -0.70 N/A Pt. Stanley N/A N/A -0.40 N/A N/A N/A -1.15 N/A PROCESSORS Toledo FM N/A N/A N/A N/A 0.01 0.54 -0.33 N/A Toledo El. 7.08US 6.86CA 7.23US 7.00CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.52 0.11 -0.72 -0.77 CAD $/bu 6.79 7.42 6.60 8.41 CAD $/tonne 249.51 272.63 242.39 308.84 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 310.00 - 315.00 Bayport Oats 308.00 Bayport Barley 282.00 FOB Hm Soymeal 406.43 - 408.63 DDG's FOB Srn, Wndr, Aylm 215.00