FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9726 up 0.0002 Chicago corn closed limit down. JUL11 HI 7.14 DEC11 HI 6.85 LOW 6.77 1/2 LOW 6.50 1/4 CLOSE6.77 1/2 Down 30 CLOSE 6.50 1/4 Down 30 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP11+SEP11+DEC11 CK Low 0.30 7.08 278.53 -0.40 6.10 240.24 CK High 0.30 7.08 278.53 -0.40 6.10 240.24 CK Avg 0.30 0.48 7.08 278.53 -0.40 -0.23 6.10 240.24 Essex Cty 0.30 7.08 278.53 -0.40 6.10 240.24 Mdsx Low 0.30 7.08 278.53 -0.40 6.10 240.24 Mdsx High 0.30 7.08 278.53 -0.40 6.10 240.24 Mdsx Avg 0.30 0.48 7.08 278.53 -0.40 -0.23 6.10 240.24 Hensall 0.30 7.08 278.53 -0.40 6.10 240.24 Bruce 0.30 7.08 278.53 -0.40 6.10 240.24 Putnam 0.30 7.08 278.53 -0.40 6.10 240.24 Princeton 0.30 7.08 278.53 -0.40 6.10 240.24 Durham 0.30 7.08 278.53 -0.40 6.10 240.24 Norfolk 0.30 7.08 278.53 -0.40 6.10 240.24 Trenton 0.20 6.98 274.59 -0.40 6.10 240.24 Winchester 0.45 7.23 284.44 -0.35 6.15 242.21 North Gower 0.30 7.08 278.53 -0.40 6.10 240.24 Huron FOB 0.20 6.98 274.59 -0.40 6.10 240.24 Kent FOB 0.30 7.08 278.53 -0.40 6.10 240.24 Lamb FOB 0.30 7.08 278.53 -0.40 6.10 240.24 Mdsx FOB 0.30 0.50 0.60 0.80 7.08 278.53 -0.45 6.05 238.28 FOB SW Que 0.05 6.83 268.69 -0.75 5.75 226.47 Track 0.63 7.40 291.33N/A PROCESSORS Chat-Eth 0.40 0.60 0.70 1.00 7.18 282.47 -0.45 6.05 238.28 Jhnstwn-Eth N/A N/A N/A 1.25 -0.55 5.95 234.34 Aylmer-Eth 0.40 0.70 0.75 1.05 7.18 282.47 -0.45 6.05 238.28 Sarn-Eth N/A N/A 0.65 1.05 -0.40 6.10 240.24 Cllngwd-Eth N/A N/A N/A N/A 7.13 280.50-0.55* 5.95 234.34 Kwrth-Eth N/A 0.75N/A N/A N/A London-Cas 0.35 0.60 0.65 1.17 7.13 280.50 -0.75 5.75 226.47 Pt.Colb-Cas 0.45 0.70 0.75 1.25 7.23 284.44 -0.70 5.80 228.43 Cardnl-Cas 0.45 0.70 0.75 1.25 7.23 284.44 -0.80 5.70 224.50 W O Feed 0.62 0.65 7.40 291.13 US Rep 0.90 0.93 7.68 302.15 Toledo El. -0.21 6.56 258.29 -0.39 6.11 240.66 TRANSFER Sarnia 0.30 7.08 278.53 -0.40 6.10 240.24 Pt. Stanley 0.15 6.93 272.63 -0.46 6.04237 8/9 Hamilton 0.39 7.17 282.07 -0.46 6.04237 8/9 MID SD CRN -0.40 6.10 1/4 HI SD CRN -0.40 6.10 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9726 up 0.0002 Chicago soybeans closed moderately lower. JUL11 HI 13.51 3/4 NOV11 HI 13.53 3/4 LOW 13.20 1/2 LOW 13.23 3/4 CLOSE13.30 1/4 Down 18 1/2 CLOSE 13.32 1/2 Down 17 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV11 CK Low -0.69 12.61 463.43-1.22 12.11 444.78 CK High -0.60 12.70 466.74-1.05 12.28 451.03 CK Average -0.63 -0.2812.68 465.82-1.18-0.8212.15 446.44 Essex Cty -0.58 12.72 467.47-1.16 12.17 446.99 Mdsx Low -0.72 12.58 462.33-1.20 12.13 445.52 Mdsx High -0.60 12.70 466.74-1.15 12.18 447.35 Mdsx Average -0.66 -0.3112.64 464.41-1.18-0.8312.15 446.37 Hensall -0.60 12.70 466.74-1.15 12.18 447.35 Bruce -0.60 12.70 466.74-1.20 12.13 445.52 Putnam -0.60 12.70 466.74-1.20 12.13 445.52 Princeton -0.63 12.67 465.63-1.18 12.15 446.25 Durham -0.68 12.62 463.80-1.12 12.21 448.46 Norfolk -0.58 12.72 467.47-1.17 12.16 446.62 Trenton -1.00 12.30 452.04-1.10 12.23 449.19 Winchester -0.70 12.60 463.06-0.93 12.40 455.44 North Gower N/A -1.00 12.33 452.87 Huron FOB -0.45 12.85 472.25-0.95 12.38 454.70 Kent FOB -0.63 12.67 465.63-1.22 12.11 444.78 Lambton FOB -0.63 12.67 465.63-1.22 12.11 444.78 Middlesex FOB-0.56 N/A -0.46 N/A 12.74 468.21-0.91 12.42 456.17 PROCESSORS Hamilton -0.29-0.49-0.51-0.51 13.01 478.13-0.75 12.58 462.05 Windsor -0.26-0.26 N/A N/A 13.04 479.23-0.87 12.46 457.64 Winchester -0.60 12.70 466.74-0.83 12.50 459.11 TRANSFER Hamilton -0.35 N/A N/A N/A 12.95 475.92-0.55 12.78 469.40 Pt. Stanley -0.80 12.50 459.39-1.05 12.28 451.03 Sarnia -0.61 12.69 466.37-0.82 12.51 459.48 Owen Sound N/A N/A Sorel QC -0.35 12.95 475.92-0.30 13.03 478.59 Toledo El. 0.12 13.42 493.08-0.42 12.91 474.23 Bank of Canada Noon exchange rate was 0.9726 up 0.0002 Chicago wheat closed lower. JUL11 HI 6.81 1/4 SEP11 HI 7.11 LOW 6.17 1/4 LOW 6.50 1/4 CLOSE 6.38 1/4 Down 36 CLOSE 6.73 1/4 Down 32 1/4 Minni wheat closed lower to sharply lower. JUL11 HI 9.02 3/4 SEP11 HI 8.88 1/2 LOW 8.43 LOW 8.32 1/2 CLOSE 8.60 1/2 Down 42 1/4 CLOSE 8.51 1/2 Down 33 3/4 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 -0.37 CAD $/bu 5.83 6.21 5.78 8.23 CAD $/tonne 214.04 228.35 212.25 302.50 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 -1.15 N/A London -0.55 -0.36 -0.70 N/A -0.90 -0.80 -1.59 N/A Hensall -0.05 N/A -0.35 N/A -0.35 N/A -1.00 N/A Trenton N/A N/A N/A N/A N/A N/A N/A N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.05 Essex N/A N/A -0.88 N/A N/A N/A -1.71 N/A Norwich -0.05 N/A -0.35 N/A -0.35 N/A -1.35 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.05 N/A -0.35 N/A -0.35 N/A -1.35 N/A Chatham N/A N/A N/A N/A N/A -0.66 -1.43 N/A Brigden N/A N/A N/A N/A N/A -0.66 -1.43 N/A Palmerston N/A N/A N/A N/A N/A -0.33 -1.15 -0.74 Mitchell -0.05 0.15 -0.35 N/A -0.35 -0.10 -1.00 N/A Thornton N/A N/A N/A -1.30 N/A N/A N/A -1.66 North Gower N/A N/A N/A N/A N/A N/A N/A -0.85 TERMINAL Sarnia -0.18 0.12 -0.77 N/A -0.33 0.07 -0.77 N/A Hamilton N/A N/A 0.00 N/A N/A N/A -0.25 N/A Pt. Stanley N/A N/A -0.40 N/A N/A N/A -0.85 N/A PROCESSORS Toledo FM N/A N/A N/A N/A 0.07 0.60 -0.37 N/A Toledo El. 6.30US 6.14CA 6.65US 6.48CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.57 0.12 -0.86 -0.71 CAD $/bu 6.17 6.85 5.87 7.80 CAD $/tonne 226.56 251.61 215.83 286.76 (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 403.56 - 404.67 DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00