FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, June 16 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9843 up 0.0063 Chicago corn closed lower to sharply lower. JUL11 HI 7.28 1/2 DEC11 HI 6.72 1/4 LOW 6.98 3/4 LOW 6.50 CLOSE7.01 1/2 Down 24 1/4 CLOSE 6.53 Down 13 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 7.17 282.07 -0.40 6.13 241.33 CK High 0.15 7.17 282.07 -0.40 6.13 241.33 CK Avg 0.15 0.24 7.17 282.07 -0.40 -0.32 6.13 241.33 Essex Cty 0.15 7.17 282.07 -0.40 6.13 241.33 Mdsx Low 0.15 7.17 282.07 -0.40 6.13 241.33 Mdsx High 0.15 7.17 282.07 -0.40 6.13 241.33 Mdsx Avg 0.15 0.24 7.17 282.07 -0.40 -0.32 6.13 241.33 Hensall 0.15 7.17 282.07 -0.40 6.13 241.33 Bruce 0.15 7.17 282.07 -0.40 6.13 241.33 Putnam 0.15 7.17 282.07 -0.40 6.13 241.33 Princeton 0.15 7.17 282.07 -0.40 6.13 241.33 Durham 0.15 7.17 282.07 -0.40 6.13 241.33 Norfolk 0.15 7.17 282.07 -0.40 6.13 241.33 Trenton 0.10 7.12 280.11 -0.40 6.13 241.33 Winchester 0.30 7.32 287.98 -0.35 6.18 243.30 North Gower 0.00 7.02 276.17 -0.40 6.13 241.33 Huron FOB 0.15 7.17 282.07 -0.40 6.13 241.33 Kent FOB 0.15 7.17 282.07 -0.40 6.13 241.33 Lamb FOB 0.15 7.17 282.07 -0.40 6.13 241.33 Mdsx FOB 0.15 0.40 0.65N/A 7.17 282.07 -0.55 5.98 235.42 FOB SW Que 0.20 7.22 284.04 -0.55 5.98 235.42 Track 0.55 7.57 297.82N/A PROCESSORS Chat-Eth N/A N/A 0.90 1.20 -0.50 6.03 237.39 Jhnstwn-Eth N/A N/A N/A 1.25 -0.55 5.98 235.42 Aylmer-Eth 0.40 0.70 0.75 1.05 7.42 291.92 -0.45 6.08 239.36 Sarn-Eth N/A N/A 0.75 1.15 -0.35 6.18 243.30 Cllngwd-Eth N/A N/A N/A N/A 7.13 280.50-0.55* 5.98 235.42 Kwrth-Eth 0.55 0.75N/A N/A 7.57 297.82N/A London-Cas 0.30 0.60 0.65 1.17 7.32 287.98 -0.75 5.78 227.55 Pt.Colb-Cas 0.40 0.70 0.75 1.25 7.42 291.92 -0.70 5.83 229.52 Cardnl-Cas 0.40 0.70 0.75 1.25 7.42 291.92 -0.80 5.73 225.58 W O Feed 0.56 0.58 7.58 298.21 US Rep 0.90 0.92 7.92 311.60 Toledo El. 0.32 7.33 288.61 -0.40 6.13 241.52 TRANSFER Sarnia 0.15 7.17 282.07 -0.40 6.13 241.33 Pt. Stanley -0.03 6.99 274.99 -0.48 6.05238 1/6 Hamilton -0.20 6.82 268.29 -0.53 6.00236 1/5 MID SD CRN -0.40 6.13 HI SD CRN -0.40 6.13 *Wet Bid Bank of Canada Noon exchange rate was 0.9843 up 0.0063 Chicago soybeans closed moderately lower. JUL11 HI 13.73 NOV11 HI 13.71 3/4 LOW 13.48 1/2 LOW 13.45 3/4 CLOSE13.50 1/2 Down 17 1/2 CLOSE 13.50 1/4 Down 16 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV11 CK Low -0.55 12.96 476.01-1.10 12.40 455.71 CK High -0.48 13.03 478.59-1.03 12.47 458.29 CK Average -0.53 -0.3712.97 476.63-1.06-0.9012.44 457.12 Essex Cty -0.44 13.07 480.06-0.98 12.52 460.12 Mdsx Low -0.65 12.86 472.34-1.07 12.43 456.82 Mdsx High -0.55 12.96 476.01-1.02 12.48 458.65 Mdsx Average -0.58 -0.4212.92 474.79-1.05-0.8812.46 457.67 Hensall -0.72 12.79 469.95-1.05 12.45 457.55 Bruce -0.55 12.96 476.01-1.05 12.45 457.55 Putnam -0.55 12.96 476.01-1.05 12.45 457.55 Princeton -0.63 12.88 473.08-1.02 12.48 458.65 Durham -0.61 12.90 473.81-1.04 12.46 457.92 Norfolk -0.43 13.08 480.42-1.02 12.48 458.65 Trenton -0.85 12.66 464.99-1.00 12.50 459.39 Winchester -0.55 12.96 476.01-0.80 12.70 466.74 North Gower -0.95 12.56 461.32-1.05 12.45 457.55 Huron FOB -0.40 13.11 481.53-0.95 12.55 461.23 Kent FOB -0.48 13.03 478.59-1.07 12.43 456.82 Lambton FOB -0.48 13.03 478.59-1.07 12.43 456.82 Middlesex FOB-0.50 N/A -0.32 N/A 13.01 477.85-0.88 12.62 463.80 PROCESSORS Hamilton -0.10-0.28-0.33 N/A 13.41 492.55-0.55 12.95 475.92 Windsor -0.05-0.05 N/A N/A 13.46 494.39-0.67 12.83 471.51 Winchester -0.65 12.86 472.34-0.89 12.61 463.43 TRANSFER Hamilton -0.30 N/A N/A N/A 13.21 485.20-0.55 12.95 475.92 Pt. Stanley -0.75 12.76 468.67-1.00 12.50 459.39 Sarnia -0.44 13.07 480.06-0.56 12.94 475.56 Owen Sound N/A N/A Sorel QC -0.45 13.06 479.69-0.15 13.35 490.62 Toledo El. 0.12 13.62 500.58-0.42 13.08 480.52 Bank of Canada Noon exchange rate was 0.9843 up 0.0063 Chicago wheat closed lower. JUL11 HI 7.17 3/4 JUL11 HI 7.17 3/4 LOW 6.70 1/4 LOW 6.70 1/4 CLOSE 6.73 1/4 Down 35 1/4 CLOSE 6.73 1/4 Down 35 1/4 Minni wheat closed moderately lower to lower. JUL11 HI 9.43 SEP11 HI 9.02 LOW 8.96 3/4 LOW 8.75 CLOSE 9.00 1/4 Down 36 3/4 CLOSE 8.77 3/4 Down 18 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.48 -0.08 -0.53 -0.26 CAD $/bu 6.26 6.65 6.21 8.74 CAD $/tonne 229.85 244.37 228.04 321.32 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 -0.30 -1.20 N/A London -0.49 -0.29 -0.64 N/A -0.49 -0.39 -1.18 N/A Hensall -0.30 N/A -0.65 N/A -0.55 N/A -1.05 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 -0.49 N/A N/A N/A -1.17 N/A Norwich -0.30 N/A -0.65 N/A -0.55 N/A -1.15 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.30 N/A -0.65 N/A -0.55 N/A -1.15 N/A Chatham N/A N/A N/A N/A N/A -0.36 -1.13 N/A Brigden N/A N/A N/A N/A N/A -0.36 -1.13 N/A Palmerston N/A -0.07 -0.56 0.32 N/A -0.26 -1.04 -0.76 Mitchell -0.30 -0.10 -0.65 N/A -0.55 -0.30 -1.05 N/A Thornton N/A N/A N/A -1.36 N/A N/A N/A -1.52 North Gower N/A N/A N/A N/A N/A N/A N/A -0.65 TERMINAL Sarnia -0.18 0.12 -0.77 N/A -0.33 0.07 -0.77 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 0.17 0.71 -0.18 N/A Toledo El. 6.50US 6.42CA 6.65US 6.57CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.28 0.26 -0.58 -0.60 CAD $/bu 6.45 7.00 6.16 8.18 CAD $/tonne 237.11 257.08 226.22 300.45 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 305.00 - 315.00 Bayport Oats 315.00 Bayport Barley 290.00 FOB Hm Soymeal 400.92 - 408.63 DDG's FOB Srn, Wndr, Aylm 215.00