FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9917 down 0.0074 Chicago corn closed slightly to moderately higher. MAY12 HI 6.59 1/2 DEC12 HI 5.47 1/4 LOW 6.46 1/2 LOW 5.35 CLOSE6.55 Up 11 CLOSE 5.45 Up 4 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY12+JUL12+SEP12 CK Low -0.55 6.00 236.21 -0.75 4.70 185.03 CK High -0.50 6.05 238.18 -0.70 4.75 187.00 CK Avg -0.54 -0.48 6.01 236.54 -0.74 -0.69 4.71 185.36 Essex Cty -0.60 5.95 234.24 -0.80 4.65 183.06 Mdsx Low -0.55 6.00 236.21 -0.75 4.70 185.03 Mdsx High -0.55 6.00 236.21 -0.75 4.70 185.03 Mdsx Avg -0.55 -0.49 6.00 236.21 -0.75 -0.70 4.70 185.03 Hensall -0.55 6.00 236.21 -0.75 4.70 185.03 Bruce -0.55 6.00 236.21 -0.75 4.70 185.03 Putnam -0.55 6.00 236.21 -0.75 4.70 185.03 Burford -0.55 6.00 236.21 -0.75 4.70 185.03 Port Perry -0.55 6.00 236.21 -0.75 4.70 185.03 Norfolk -0.55 6.00 236.21 -0.75 4.70 185.03 Palmerston -0.55 6.00 236.21 -0.75 4.70 185.03 Varna -0.40 6.15 242.11 -0.75 4.70 185.03 Trenton -0.35 6.20 244.08 -0.75 4.70 185.03 Winchester N/A N/A North Gower -0.41 6.14 241.72 -0.70 4.75 187.00 Huron FOB -0.45 6.10 240.15 -0.70 4.75 187.00 Kent FOB -0.55 6.00 236.21 -0.75 4.70 185.03 Lamb FOB -0.55 6.00 236.21 -0.75 4.70 185.03 Mdsx FOB -0.50 -0.50 -0.50N/A 6.05 238.18 -0.75 4.70 185.03 FOB SW Que -0.10 6.45 253.93 -0.45 5.00 196.84 Track -0.13 6.43 252.94N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 4.90 192.90 Jhnstwn-Eth 0.15 0.15 0.20 0.55 6.70 263.77 -0.35 5.10 200.78 Aylmer-Eth N/A -0.40 -0.35 0.30 -0.60 4.85 190.94 Sarn-Eth N/A -0.25 -0.30N/A N/A Cllngwd-Eth N/A -0.10 -0.25N/A -0.30* 5.15 202.75 London-Cas N/A N/A N/A 0.45 -0.50 4.95 194.87 Pt.Colb-Cas N/A N/A N/A 0.50 -0.45 5.00 196.84 Cardnl-Cas N/A N/A 0.15 0.55 -0.45 5.00 196.84 W O Feed 0.00 0.01 6.55 257.86 US Rep 0.50 0.51 7.05 277.55 Toledo El. 0.10 6.65 261.76 -0.38 5.07 199.74 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.39 6.16242 1/2 -0.56 4.89192 1/2 MID SD CRN -0.52 1/2 6.02 1/2 HI SD CRN -0.50 6.05 *Wet Bid Bank of Canada Noon exchange rate was 0.9917 down 0.0074 Chicago soybeans closed moderately higher to higher. MAY12 HI 14.33 3/4 NOV12 HI 13.95 1/2 LOW 14.06 1/2 LOW 13.60 CLOSE14.21 Up 18 CLOSE 13.85 1/4 Up 27 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.93 13.28 487.96-0.95 12.90 474.09 CK High -0.75 13.46 494.57-0.80 13.05 479.60 CK Average -0.83 -0.7013.38 491.57-0.90-0.7712.96 476.05 Essex Cty -0.74 13.47 494.94-0.79 13.06 479.96 Mdsx Low -1.00 13.21 485.38-1.00 12.85 472.25 Mdsx High -0.85 13.36 490.90-0.90 12.95 475.92 Mdsx Average -0.93 -0.7913.29 488.14-0.95-0.8212.90 474.09 Hensall -0.85 13.36 490.90-0.90 12.95 475.92 Bruce -0.85 13.36 490.90-0.90 12.95 475.92 Putnam -0.85 13.36 490.90-0.90 12.95 475.92 Burford -0.97 13.24 486.49-0.97 12.88 473.35 Port Perry -1.03 13.18 484.28-1.03 12.82 471.15 Norfolk -0.72 13.49 495.67-0.86 12.99 477.39 Palmerston -0.85 13.36 490.90-0.90 12.95 475.92 Varna N/A -0.85 13.00 477.76 Trenton -1.00 13.21 485.38-0.79 13.06 479.96 Winchester N/A N/A North Gower -0.89 13.32 489.43-0.73 13.12 482.17 Huron FOB -0.70 13.51 496.41-0.80 13.05 479.60 Kent FOB -0.76 13.45 494.20-0.91 12.94 475.56 Lambton FOB -0.76 13.45 494.20-0.91 12.94 475.56 Middlesex FOB-0.89-0.84-0.79-0.74 13.32 489.43-0.87 12.98 477.03 PROCESSORS Hamilton -0.40-0.35-0.25-0.20 13.81 507.43-0.40 13.45 494.29 Windsor -0.51-0.46-0.45-0.45 13.70 503.39-0.57 13.28 488.05 Winchester -0.78 13.43 493.47-0.73 13.12 482.17 TRANSFER Hamilton -0.50 N/A N/A N/A 13.71 503.76-0.45 13.40 492.46 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.55 13.66 501.92-0.30 13.55 497.97 Toledo El. -0.18 14.03 515.58-0.33 13.53 496.98 Bank of Canada Noon exchange rate was 0.9917 down 0.0074 Chicago wheat closed slightly lower. MAY12 HI 6.66 1/2 JUL12 HI 6.79 1/4 LOW 6.49 1/4 LOW 6.61 CLOSE 6.57 Down 3 3/4 CLOSE 6.69 1/2 Down 4 1/2 Minni wheat closed moderately higher. MAY12 HI 8.54 1/4 SEP12 HI 8.36 3/4 LOW 8.36 3/4 LOW 8.16 1/4 CLOSE 8.49 1/4 Up 11 3/4 CLOSE 8.33 Up 11 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.16 0.63 -0.01 -0.58 CAD $/bu 6.41 7.20 6.56 7.92 CAD $/tonne 235.49 264.61 240.95 290.91 Direct MarkHarvest 2011 Harvest 2012 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 -0.40 N/A N/A 0.30 -0.35 N/A London -0.24 0.36 -0.29 N/A -0.01 0.39 -0.41 N/A Hensall -0.35 N/A -0.35 N/A 0.10 N/A -0.35 N/A Trenton N/A N/A N/A N/A N/A N/A -0.50 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A -0.44 N/A N/A N/A -0.53 N/A Norwich -0.35 N/A -0.35 N/A 0.10 N/A -0.35 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.35 N/A -0.35 N/A 0.10 N/A -0.45 N/A Chatham N/A N/A -0.38 N/A N/A 0.33 -0.47 N/A Brigden N/A N/A -0.38 N/A N/A 0.33 -0.47 N/A Palmerston N/A 0.46 -0.28 -0.43 N/A 0.42 -0.37 -0.77 Varna N/A N/A N/A N/A 0.10 0.40 -0.45 N/A Mitchell -0.35 0.40 -0.35 N/A 0.10 0.40 -0.35 N/A Thornton N/A N/A N/A -1.17 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.64 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.00 N/A N/A N/A 0.00 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 0.24N/A 0.48 0.93 0.33N/A Toledo El. 6.64US 6.58CA 6.82US 6.75CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.04 0.68 -0.16 -0.47 CAD $/bu 6.73 7.37 6.53 7.86 CAD $/tonne 247.32 270.98 240.04 288.64 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 310.00 Bayport Oats 335.00 Bayport Barley 300.00 FOB Hm Soymeal 448.87 - 453.28 DDG's FOB Srn, Wndr, Aylm 192.00 - 220.00