FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, June 28 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9821 down 0.0040 Chicago corn closed sharply higher. JUL11 HI 6.84 1/4 DEC11 HI 6.54 LOW 6.61 LOW 6.27 1/2 CLOSE6.83 Up 22 1/4 CLOSE 6.53 Up 26 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 7.13 280.70 -0.40 6.13 241.33 CK High 0.32 7.15 281.48 -0.40 6.13 241.33 CK Avg 0.31 0.41 7.14 280.96 -0.40 -0.30 6.13 241.33 Essex Cty 0.30 7.13 280.70 -0.40 6.13 241.33 Mdsx Low 0.30 7.13 280.70 -0.40 6.13 241.33 Mdsx High 0.32 7.15 281.48 -0.40 6.13 241.33 Mdsx Avg 0.31 0.42 7.14 281.22 -0.40 -0.30 6.13 241.33 Hensall 0.31 7.14 281.09 -0.40 6.13 241.33 Bruce 0.30 7.13 280.70 -0.40 6.13 241.33 Putnam 0.45 7.28 286.60 -0.40 6.13 241.33 Princeton 0.30 7.13 280.70 -0.40 6.13 241.33 Durham 0.32 7.15 281.48 -0.40 6.13 241.33 Norfolk 0.30 7.13 280.70 -0.40 6.13 241.33 Palmerston 0.30 7.13 280.70 -0.40 6.13 241.33 Trenton 0.20 7.03 276.76 -0.40 6.13 241.33 Winchester N/A -0.35 6.18 243.30 North Gower N/A -0.65 5.88 231.49 Huron FOB 0.20 7.03 276.76 -0.40 6.13 241.33 Kent FOB 0.30 7.13 280.70 -0.40 6.13 241.33 Lamb FOB 0.30 7.13 280.70 -0.40 6.13 241.33 Mdsx FOB 0.55 0.55 0.65N/A 7.38 290.54 -0.45 6.08 239.36 FOB SW Que 0.50 7.33 288.57 -0.55 5.98 235.42 Track 0.79 7.62 299.79N/A PROCESSORS Chat-Eth 0.40 0.60 0.70 1.00 7.23 284.63 -0.40 6.13 241.33 Jhnstwn-Eth N/A N/A N/A 1.25 -0.55 5.98 235.42 Aylmer-Eth N/A 0.70 0.75 1.05 -0.45 6.08 239.36 Sarn-Eth N/A N/A 0.65 1.05 -0.40 6.13 241.33 Cllngwd-Eth N/A N/A N/A N/A -0.55* 5.98 235.42 London-Cas 0.35 0.60 0.65 1.17 7.18 282.66 -0.75 5.78 227.55 Pt.Colb-Cas 0.45 0.70 0.75 1.25 7.28 286.60 -0.70 5.83 229.52 Cardnl-Cas 0.45 0.70 0.75 1.25 7.28 286.60 -0.80 5.73 225.58 W O Feed 0.71 0.73 7.54 296.92 US Rep 1.15 1.17 7.98 314.16 Toledo El. 0.22 7.05 277.41 -0.39 6.14 241.57 TRANSFER Sarnia 0.30 7.13 280.70 -0.40 6.13 241.33 Pt. Stanley 0.32 7.15 281.48 -0.40 6.13241 1/3 Hamilton 0.60 7.43 292.51 -0.40 6.13241 1/3 MID SD CRN -0.40 6.13 HI SD CRN -0.40 6.13 *Wet Bid Bank of Canada Noon exchange rate was 0.9821 down 0.0040 Chicago soybeans closed slightly higher. JUL11 HI 13.46 1/4 NOV11 HI 13.29 3/4 LOW 13.28 LOW 13.12 1/2 CLOSE13.30 3/4 Up 1 CLOSE 13.19 Up 4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV11 CK Low -0.51 12.80 470.23-1.08 12.11 444.97 CK High -0.45 12.86 472.43-0.90 12.29 451.58 CK Average -0.47 -0.2712.83 471.57-1.01-0.8112.18 447.48 Essex Cty -0.42 12.89 473.53-1.00 12.19 447.91 Mdsx Low -0.65 12.66 465.08-1.03 12.16 446.80 Mdsx High -0.45 12.86 472.43-1.00 12.19 447.91 Mdsx Average -0.53 -0.3312.78 469.49-1.01-0.8112.18 447.54 Hensall -0.48 12.83 471.51-1.00 12.19 447.91 Bruce -0.45 12.86 472.43-1.00 12.19 447.91 Putnam -0.45 12.86 472.43-1.00 12.19 447.91 Princeton -0.44 12.87 472.80-0.99 12.20 448.27 Durham -0.61 12.70 466.55-1.00 12.19 447.91 Norfolk -0.42 12.89 473.53-1.01 12.18 447.54 Palmerston -0.45 12.86 472.43-1.00 12.19 447.91 Trenton -0.90 12.41 455.90-1.05 12.14 446.07 Winchester N/A -0.87 12.32 452.68 North Gower N/A -0.55 12.64 464.44 Huron FOB -0.35 12.96 476.11-0.85 12.34 453.42 Kent FOB -0.47 12.84 471.70-1.06 12.13 445.70 Lambton FOB -0.47 12.84 471.70-1.06 12.13 445.70 Middlesex FOB-0.50 N/A -0.37 N/A 12.81 470.60-0.79 12.40 455.62 PROCESSORS Hamilton -0.10-0.30-0.32-0.32 13.21 485.29-0.55 12.64 464.44 Windsor -0.11 N/A N/A N/A 13.20 484.93-0.71 12.48 458.56 Winchester -0.55 12.76 468.76-0.77 12.42 456.36 TRANSFER Hamilton -0.20 N/A N/A N/A 13.11 481.62-0.45 12.74 468.11 Pt. Stanley -0.70 12.61 463.25-0.90 12.29 451.58 Sarnia -0.44 12.87 472.80-0.65 12.54 460.77 Owen Sound N/A N/A Sorel QC -0.30 13.01 477.94-0.15 13.04 479.14 Toledo El. 0.07 13.38 491.50-0.42 12.77 469.09 Bank of Canada Noon exchange rate was 0.9821 down 0.0040 Chicago wheat closed higher. SEP11 HI 6.76 SEP11 HI 6.76 LOW 6.53 LOW 6.53 CLOSE 6.71 3/4 Up 21 CLOSE 6.71 3/4 Up 21 Minni wheat closed higher. SEP11 HI 8.37 1/2 SEP11 HI 8.37 1/2 LOW 8.06 LOW 8.06 CLOSE 8.33 Up 30 1/4 CLOSE 8.33 Up 30 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.50 0.19 -0.69 -0.62 CAD $/bu 6.22 6.91 6.02 7.71 CAD $/tonne 228.59 253.91 221.35 283.31 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 -0.15 -1.05 N/A London -0.61 -0.42 -0.76 N/A -0.30 -0.20 -1.09 N/A Hensall -0.37 N/A -0.77 N/A -0.35 N/A -1.00 N/A Trenton N/A N/A N/A N/A N/A N/A -0.80 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -1.05 Essex N/A N/A -0.80 N/A N/A N/A -1.24 N/A Norwich -0.37 N/A -0.77 N/A -0.35 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 -0.37 N/A -0.77 N/A -0.35 N/A -1.15 N/A Chatham N/A N/A N/A N/A N/A -0.17 -0.96 N/A Brigden N/A N/A N/A N/A N/A -0.17 -0.96 N/A Palmerston N/A 0.07 -0.69 0.48 N/A -0.22 -1.06 -0.61 Mitchell -0.37 -0.17 -0.67 N/A -0.35 0.00 -1.00 N/A Thornton N/A N/A N/A -1.09 N/A N/A N/A -0.97 North Gower N/A N/A N/A N/A N/A N/A N/A -0.70 TERMINAL Sarnia -0.62 -0.81 -0.77 N/A -0.30 -0.49 -0.45 N/A Hamilton N/A N/A -0.50 N/A N/A N/A -0.50 N/A Pt. Stanley N/A N/A -0.90 N/A N/A N/A -0.95 N/A PROCESSORS Toledo FM N/A N/A N/A N/A -0.17 -0.58 -0.61 N/A Toledo El. 6.32US 6.22CA 6.32US 6.22CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.50 0.19 -0.69 -0.62 CAD $/bu 6.22 6.91 6.02 7.71 CAD $/tonne 228.59 253.91 221.35 283.31 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 300.00 - 305.00 Bayport Oats 305.00 Bayport Barley 285.00 FOB Hm Soymeal 397.83 - 398.93 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00