FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 17 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9797 down 0.0046 Chicago corn closed mixed. JUL11 HI 7.14 1/2 DEC11 HI 6.64 3/4 LOW 6.91 1/4 LOW 6.47 3/4 CLOSE7.00 1/4 Down 1 1/4 CLOSE 6.60 Up 7 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 7.15 281.58 -0.40 6.20 244.08 CK High 0.15 7.15 281.58 -0.40 6.20 244.08 CK Avg 0.15 0.27 7.15 281.58 -0.40 -0.29 6.20 244.08 Essex Cty 0.15 7.15 281.58 -0.40 6.20 244.08 Mdsx Low 0.15 7.15 281.58 -0.40 6.20 244.08 Mdsx High 0.15 7.15 281.58 -0.40 6.20 244.08 Mdsx Avg 0.15 0.27 7.15 281.58 -0.40 -0.29 6.20 244.08 Hensall 0.15 7.15 281.58 -0.40 6.20 244.08 Bruce 0.15 7.15 281.58 -0.40 6.20 244.08 Putnam 0.15 7.15 281.58 -0.40 6.20 244.08 Princeton 0.15 7.15 281.58 -0.40 6.20 244.08 Durham 0.15 7.15 281.58 -0.40 6.20 244.08 Norfolk 0.15 7.15 281.58 -0.40 6.20 244.08 Trenton 0.10 7.10 279.61 -0.40 6.20 244.08 Winchester 0.30 7.30 287.49 -0.35 6.25 246.05 North Gower 0.00 7.00 275.68 -0.40 6.20 244.08 Huron FOB 0.10 7.10 279.61 -0.40 6.20 244.08 Kent FOB 0.15 7.15 281.58 -0.40 6.20 244.08 Lamb FOB 0.15 7.15 281.58 -0.40 6.20 244.08 Mdsx FOB 0.15 0.30 0.40 0.95 7.15 281.58 -0.55 6.05 238.18 FOB SW Que 0.20 7.20 283.55 -0.55 6.05 238.18 Track 0.55 7.55 297.33N/A PROCESSORS Chat-Eth 0.50 0.80 0.95 1.25 7.50 295.36 -0.35 6.25 246.05 Jhnstwn-Eth N/A N/A N/A 1.25 -0.55 6.05 238.18 Aylmer-Eth 0.40 0.70 0.75 1.05 7.40 291.42 -0.45 6.15 242.11 Sarn-Eth N/A N/A 0.75 1.15 -0.35 6.25 246.05 Cllngwd-Eth N/A N/A N/A N/A 7.13 280.50-0.55* 6.05 238.18 Kwrth-Eth N/A 0.75N/A N/A N/A London-Cas 0.35 0.60 0.65 1.17 7.35 289.46 -0.75 5.85 230.30 Pt.Colb-Cas 0.45 0.70 0.75 1.25 7.45 293.39 -0.70 5.90 232.27 Cardnl-Cas 0.45 0.70 0.75 1.25 7.45 293.39 -0.80 5.80 228.34 W O Feed 0.59 0.61 7.59 298.90 US Rep 0.90 0.92 7.90 311.11 Toledo El. -0.22 6.79 267.16 -0.39 6.21 244.35 TRANSFER Sarnia 0.15 7.15 281.58 -0.40 6.20 244.08 Pt. Stanley 0.10 7.10 279.61 -0.40 6.20244 Hamilton 0.45 7.45 293.39 -0.30 6.30248 MID SD CRN -0.40 6.201 HI SD CRN -0.40 6.201 *Wet Bid Bank of Canada Noon exchange rate was 0.9797 down 0.0046 Chicago soybeans closed moderately lower. JUL11 HI 13.57 1/4 NOV11 HI 13.56 1/4 LOW 13.30 1/2 LOW 13.31 CLOSE13.33 Down 17 1/2 CLOSE 13.33 1/4 Down 17 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV11 CK Low -0.58 12.75 468.48-1.12 12.21 448.73 CK High -0.53 12.80 470.32-1.10 12.23 449.47 CK Average -0.56 -0.3312.78 469.40-1.11-0.8912.22 449.16 Essex Cty -0.50 12.83 471.42-1.06 12.27 450.94 Mdsx Low -0.71 12.62 463.71-1.12 12.21 448.73 Mdsx High -0.55 12.78 469.58-1.09 12.24 449.83 Mdsx Average -0.62 -0.3912.71 467.14-1.10-0.8812.23 449.34 Hensall -0.58 12.76 468.67-1.10 12.23 449.47 Bruce -0.55 12.78 469.58-1.10 12.23 449.47 Putnam -0.55 12.78 469.58-1.10 12.23 449.47 Princeton -0.51 12.82 471.05-1.05 12.28 451.30 Durham -0.67 12.66 465.18-1.09 12.24 449.83 Norfolk -0.48 12.85 472.16-1.07 12.26 450.57 Trenton -0.85 12.48 458.56-1.00 12.33 453.14 Winchester -0.55 12.78 469.58-0.80 12.53 460.49 North Gower -1.20 12.13 445.70-1.05 12.28 451.30 Huron FOB -0.45 12.88 473.26-0.95 12.38 454.98 Kent FOB -0.53 12.80 470.32-1.12 12.21 448.73 Lambton FOB -0.53 12.80 470.32-1.12 12.21 448.73 Middlesex FOB-0.51 N/A -0.38 N/A 12.82 471.05-0.85 12.48 458.65 PROCESSORS Hamilton -0.20-0.40-0.40 N/A 13.13 482.44-0.65 12.68 466.00 Windsor -0.13-0.13 N/A N/A 13.20 485.02-0.75 12.58 462.33 Winchester -0.55 12.78 469.58-0.70 12.63 464.16 TRANSFER Hamilton -0.25 N/A N/A N/A 13.08 480.61-0.50 12.83 471.51 Pt. Stanley -0.70 12.63 464.07-0.90 12.43 456.82 Sarnia -0.50 12.83 471.42-0.68 12.65 464.90 Owen Sound N/A N/A Sorel QC -0.45 12.88 473.26-0.15 13.18 484.37 Toledo El. 0.12 13.45 494.13-0.42 12.91 474.35 Bank of Canada Noon exchange rate was 0.9797 down 0.0046 Chicago wheat closed slightly lower. JUL11 HI 6.83 3/4 JUL11 HI 6.83 3/4 LOW 6.64 LOW 6.64 CLOSE 6.72 1/4 Down 1 CLOSE 6.72 1/4 Down 1 Minni wheat closed mixed. JUL11 HI 9.12 1/2 SEP11 HI 8.94 LOW 8.90 LOW 8.71 CLOSE 8.97 1/4 Down 3 CLOSE 8.81 3/4 Up 4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.51 -0.11 -0.55 -0.30 CAD $/bu 6.22 6.61 6.17 8.68 CAD $/tonne 228.43 242.88 226.62 318.75 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 -0.35 -1.15 N/A London -0.52 -0.32 -0.66 N/A -0.52 -0.42 -1.20 N/A Hensall -0.30 N/A -0.60 N/A -0.40 N/A -0.75 N/A Trenton N/A N/A N/A N/A N/A N/A -0.75 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.05 Essex N/A N/A -0.53 N/A N/A N/A -1.16 N/A Norwich -0.30 N/A -0.60 N/A -0.40 N/A -1.10 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 -0.60 N/A -0.40 N/A -1.10 N/A Chatham N/A N/A N/A N/A N/A -0.38 -1.15 N/A Brigden N/A N/A N/A N/A N/A -0.38 -1.15 N/A Palmerston N/A 0.00 -0.50 0.41 N/A -0.17 -0.96 -0.68 Mitchell -0.30 -0.10 -0.60 N/A -0.40 -0.30 -0.85 N/A Thornton N/A N/A N/A -1.40 N/A N/A N/A -1.70 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 0.05 N/A N/A N/A -0.45 N/A Pt. Stanley N/A N/A -0.30 N/A N/A N/A -0.90 N/A PROCESSORS Toledo FM N/A N/A N/A N/A 0.13 0.67 -0.31 N/A Toledo El. 6.49US 6.38CA 6.64US 6.53CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.31 0.23 -0.60 -0.64 CAD $/bu 6.41 6.95 6.12 8.18 CAD $/tonne 235.65 255.53 224.82 300.51 (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 402.35 - 403.45 DDG's FOB Srn, Wndr, Aylm 215.00