FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, June 23 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9799 up 0.0073 Chicago corn closed mixed. JUL11 HI 6.83 3/4 DEC11 HI 6.53 LOW 6.39 LOW 6.20 CLOSE6.80 1/2 Up 3 CLOSE 6.46 Down 4 1/4 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 7.11 279.71 -0.40 6.06 238.57 CK High 0.35 7.16 281.68 -0.40 6.06 238.57 CK Avg 0.31 0.44 7.11 280.04 -0.40 -0.28 6.06 238.57 Essex Cty 0.30 7.11 279.71 -0.40 6.06 238.57 Mdsx Low 0.30 7.11 279.71 -0.40 6.06 238.57 Mdsx High 0.30 7.11 279.71 -0.40 6.06 238.57 Mdsx Avg 0.30 0.43 7.11 279.71 -0.40 -0.28 6.06 238.57 Hensall 0.30 7.11 279.71 -0.40 6.06 238.57 Bruce 0.30 7.11 279.71 -0.40 6.06 238.57 Putnam 0.30 7.11 279.71 -0.40 6.06 238.57 Princeton 0.30 7.11 279.71 -0.40 6.06 238.57 Durham 0.30 7.11 279.71 -0.40 6.06 238.57 Norfolk 0.35 7.16 281.68 -0.40 6.06 238.57 Trenton 0.20 7.01 275.77 -0.40 6.06 238.57 Winchester 0.45 7.26 285.62 -0.35 6.11 240.54 North Gower 0.50 7.31 287.59 -0.65 5.81 228.73 Huron FOB 0.20 7.01 275.77 -0.40 6.06 238.57 Kent FOB 0.35 7.16 281.68 -0.40 6.06 238.57 Lamb FOB 0.35 7.16 281.68 -0.40 6.06 238.57 Mdsx FOB 0.30 0.50 0.60 85.00 7.11 279.71 -0.45 6.01 236.60 FOB SW Que 0.15 6.96 273.81 -0.67 5.80 228.14 Track 0.78 7.58 298.41N/A PROCESSORS Chat-Eth 0.40 0.60 0.70 1.00 7.21 283.65 -0.45 6.01 236.60 Jhnstwn-Eth N/A N/A N/A 1.25 -0.55 5.91 232.67 Aylmer-Eth 0.40 0.70 0.75 1.05 7.21 283.65 -0.45 6.01 236.60 Sarn-Eth N/A N/A 0.65 1.05 -0.40 6.06 238.57 Cllngwd-Eth N/A N/A N/A N/A 7.13 280.50-0.55* 5.91 232.67 Kwrth-Eth N/A 0.80N/A N/A N/A London-Cas 0.35 0.60 0.65 1.17 7.16 281.68 -0.75 5.71 224.79 Pt.Colb-Cas 0.45 0.70 0.75 1.25 7.26 285.62 -0.70 5.76 226.76 Cardnl-Cas 0.45 0.70 0.75 1.25 7.26 285.62 -0.80 5.66 222.82 W O Feed 0.64 0.66 7.44 292.94 US Rep 0.90 0.92 7.71 303.33 Toledo El. -0.22 6.59 259.41 -0.39 6.07 238.87 TRANSFER Sarnia 0.30 7.11 279.71 -0.40 6.06 238.57 Pt. Stanley 0.15 6.96 273.81 -0.46 6.00236 1/5 Hamilton 0.39 7.20 283.25 -0.46 6.00236 1/5 MID SD CRN -0.40 6.06 HI SD CRN -0.40 6.06 *Wet Bid Bank of Canada Noon exchange rate was 0.9799 up 0.0073 Chicago soybeans closed moderately lower. JUL11 HI 13.33 1/4 NOV11 HI 13.36 1/4 LOW 12.92 3/4 LOW 12.92 1/4 CLOSE13.17 3/4 Down 12 1/2 CLOSE 13.17 1/4 Down 15 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 12.49 458.84-1.19 11.98 440.28 CK High -0.53 12.65 464.72-1.00 12.17 447.26 CK Average -0.57 -0.3112.61 463.37-1.12-0.8712.05 442.79 Essex Cty -0.58 12.60 462.88-1.16 12.01 441.38 Mdsx Low -0.67 12.51 459.57-1.18 11.99 440.65 Mdsx High -0.55 12.63 463.98-1.07 12.10 444.69 Mdsx Average -0.62 -0.3712.56 461.41-1.13-0.8812.04 442.36 Hensall -0.58 12.60 463.06-1.13 12.05 442.67 Bruce -0.60 12.58 462.14-1.20 11.97 439.91 Putnam -0.60 12.58 462.14-1.20 11.97 439.91 Princeton -0.63 12.55 461.04-1.18 11.99 440.65 Durham -0.60 12.58 462.14-1.04 12.13 445.79 Norfolk -0.48 12.70 466.55-1.07 12.10 444.69 Trenton -0.90 12.28 451.12-1.05 12.12 445.43 Winchester -0.63 12.55 461.04-0.87 12.30 452.04 North Gower N/A -0.85 12.32 452.77 Huron FOB -0.45 12.73 467.66-0.95 12.22 449.10 Kent FOB -0.53 12.65 464.72-1.12 12.05 442.85 Lambton FOB -0.53 12.65 464.72-1.12 12.05 442.85 Middlesex FOB-0.48 N/A -0.38 N/A 12.70 466.55-0.83 12.34 453.51 PROCESSORS Hamilton -0.17-0.36-0.38-0.38 13.01 477.94-0.63 12.54 460.86 Windsor -0.11-0.11 N/A N/A 13.07 480.15-0.74 12.43 456.82 Winchester -0.60 12.58 462.14-0.83 12.34 453.51 TRANSFER Hamilton -0.35 N/A N/A N/A 12.83 471.33-0.55 12.62 463.80 Pt. Stanley -0.80 12.38 454.80-1.05 12.12 445.43 Sarnia -0.61 12.57 461.78-0.82 12.35 453.88 Owen Sound N/A N/A Sorel QC -0.20 12.98 476.84-0.20 12.97 476.66 Toledo El. 0.12 13.30 488.52-0.42 12.75 468.51 Bank of Canada Noon exchange rate was 0.9799 up 0.0073 Chicago wheat closed mixed. JUL11 HI 6.52 SEP11 HI 6.78 3/4 LOW 6.06 LOW 6.41 1/2 CLOSE 6.49 Up 10 3/4 CLOSE 6.69 1/4 Down 4 Minni wheat closed moderately lower. JUL11 HI 8.62 SEP11 HI 8.54 1/4 LOW 8.30 1/2 LOW 8.19 3/4 CLOSE 8.44 Down 16 1/2 CLOSE 8.35 1/2 Down 16 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.52 -0.12 -0.57 -0.31 CAD $/bu 5.97 6.37 5.92 8.13 CAD $/tonne 219.49 233.91 217.69 298.78 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 -0.25 -1.05 N/A London -0.32 -0.12 -0.56 N/A -0.52 -0.62 -1.21 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 -1.10 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.05 Essex N/A N/A -0.81 N/A N/A N/A -1.30 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 -0.15 -1.00 N/A Brigden N/A N/A N/A N/A N/A -0.15 -1.00 N/A Palmerston N/A 0.24 -0.40 0.34 N/A -0.33 -1.09 -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 -1.02 N/A N/A N/A -1.25 North Gower N/A N/A N/A N/A N/A N/A N/A -0.70 TERMINAL Sarnia -0.18 0.12 -0.77 N/A -0.53 -0.13 -0.97 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 -0.08 0.46 -0.52 N/A Toledo El. 6.41US 6.29CA 6.41US 6.29CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.52 0.17 -0.81 -0.65 CAD $/bu 6.17 6.86 5.88 7.70 CAD $/tonne 226.79 252.02 215.98 283.10 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 305.00 Bayport Oats 315.00 Bayport Barley 290.00 FOB Hm Soymeal 397.50 - 400.81 DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00