FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, April 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9962 up 0.0052 Chicago corn closed slightly lower. MAY12 HI 6.63 3/4 DEC12 HI 5.48 LOW 6.50 3/4 LOW 5.38 CLOSE6.56 3/4 Down 1 1/2 CLOSE 5.44 1/4 Down 1 1/4 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 6.02 236.90 -0.75 4.69 184.74 CK High -0.50 6.07 238.87 -0.70 4.74 186.70 CK Avg -0.54 -0.53 6.03 237.23 -0.74 -0.73 4.70 185.06 Essex Cty -0.65 5.92 232.96 -0.75 4.69 184.74 Mdsx Low -0.55 6.02 236.90 -0.75 4.69 184.74 Mdsx High -0.55 6.02 236.90 -0.75 4.69 184.74 Mdsx Avg -0.55 -0.54 6.02 236.90 -0.75 -0.74 4.69 184.74 Hensall -0.55 6.02 236.90 -0.75 4.69 184.74 Bruce -0.55 6.02 236.90 -0.75 4.69 184.74 Putnam -0.55 6.02 236.90 -0.75 4.69 184.74 Burford -0.55 6.02 236.90 -0.75 4.69 184.74 Port Perry -0.55 6.02 236.90 -0.75 4.69 184.74 Norfolk -0.55 6.02 236.90 -0.75 4.69 184.74 Palmerston -0.55 6.02 236.90 -0.75 4.69 184.74 Varna -0.55 6.02 236.90 -0.75 4.69 184.74 Trenton -0.35 6.22 244.77 -0.75 4.69 184.74 Winchester -0.20 6.37 250.68 -0.60 4.84 190.64 North Gower -0.41 6.16 242.41 -0.70 4.74 186.70 Huron FOB -0.50 6.07 238.87 -0.70 4.74 186.70 Kent FOB -0.55 6.02 236.90 -0.75 4.69 184.74 Lamb FOB -0.55 6.02 236.90 -0.75 4.69 184.74 Mdsx FOB -0.50 -0.30 -0.25N/A 6.07 238.87 -0.75 4.69 184.74 FOB SW Que -0.05 6.52 256.58 -0.40 5.04 198.51 Track -0.13 6.44 253.63N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 4.89 192.61 Jhnstwn-Eth 0.15 0.15 0.20 0.55 6.72 264.46 -0.35 5.09 200.48 Aylmer-Eth N/A -0.40 -0.35 0.30 -0.60 4.84 190.64 Sarn-Eth N/A -0.25 -0.30N/A N/A Cllngwd-Eth N/A -0.10 -0.25N/A -0.30* 5.14 202.45 London-Cas N/A N/A N/A 0.45 -0.50 4.94 194.58 Pt.Colb-Cas N/A N/A N/A 0.50 -0.45 4.99 196.55 Cardnl-Cas N/A N/A 0.15 0.55 -0.45 4.99 196.55 W O Feed -0.02 -0.02 6.55 257.76 US Rep 0.55 0.55 7.12 280.20 Toledo El. 0.09 6.66 262.09 -0.38 5.06 199.33 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.39 6.18243 1/5 -0.56 4.88192 2/9 MID SD CRN -0.52 1/2 6.04 1/4 HI SD CRN -0.50 6.06 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9962 up 0.0052 Chicago soybeans closed narrowly mixed. MAY12 HI 14.29 3/4 NOV12 HI 13.85 LOW 14.08 1/4 LOW 13.69 3/4 CLOSE14.19 1/2 Up 2 3/4 CLOSE 13.75 1/2 Down 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.91 13.29 488.14-0.95 12.81 470.50 CK High -0.90 13.30 488.51-0.85 12.91 474.18 CK Average -0.90 -0.8713.29 488.45-0.92-0.8912.83 471.48 Essex Cty -0.66 13.54 497.33-0.72 13.04 478.95 Mdsx Low -0.97 13.23 485.94-0.91 12.85 471.97 Mdsx High -0.90 13.30 488.51-0.90 12.86 472.34 Mdsx Average -0.94 -0.9013.26 487.22-0.91-0.8712.85 472.16 Hensall -0.88 13.32 489.43-0.90 12.86 472.34 Bruce -0.90 13.30 488.51-0.95 12.81 470.50 Putnam -0.95 13.25 486.67-0.95 12.81 470.50 Burford -0.94 13.26 487.04-0.88 12.88 473.08 Port Perry -1.00 13.20 484.83-0.94 12.82 470.87 Norfolk -0.87 13.33 489.61-0.90 12.86 472.34 Palmerston -0.85 13.35 490.34-0.95 12.81 470.50 Varna -0.85 13.35 490.34-0.90 12.86 472.34 Trenton -1.00 13.20 484.83-0.80 12.96 476.01 Winchester -0.95 13.25 486.67-0.75 13.01 477.85 North Gower -0.89 13.31 488.88-0.78 12.98 476.75 Huron FOB -0.75 13.45 494.02-0.80 12.96 476.01 Kent FOB -0.91 13.29 488.14-0.95 12.81 470.50 Lambton FOB -0.91 13.29 488.14-0.95 12.81 470.50 Middlesex FOB-0.81-0.81-0.76-0.71 13.39 491.81-0.78 12.98 476.75 PROCESSORS Hamilton -0.35-0.30-0.25-0.15 13.85 508.72-0.35 13.41 492.55 Windsor -0.43-0.40-0.38-0.37 13.77 505.78-0.49 13.27 487.41 Winchester -0.88 13.32 489.24-0.66 13.10 481.16 TRANSFER Hamilton -0.50 N/A N/A N/A 13.70 503.21-0.45 13.31 488.88 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.45 13.75 505.04-0.20 13.56 498.06 Toledo El. -0.25 13.95 512.41-0.33 13.43 493.31 Bank of Canada Noon exchange rate was 0.9962 up 0.0052 Chicago wheat closed moderately lower. MAY12 HI 6.58 3/4 JUL12 HI 6.69 1/2 LOW 6.35 1/2 LOW 6.45 3/4 CLOSE 6.39 1/4 Down 18 3/4 CLOSE 6.49 3/4 Down 19 1/4 Minni wheat closed slightly lower. MAY12 HI 8.49 1/2 SEP12 HI 8.33 LOW 8.43 1/4 LOW 8.24 1/2 CLOSE 8.45 3/4 Down 4 1/2 CLOSE 8.28 1/4 Down 5 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.11 0.63 -0.01 -0.47 CAD $/bu 6.28 7.03 6.38 7.99 CAD $/tonne 230.70 258.20 234.37 293.58 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 0.30 -0.40 N/A N/A 0.20 -0.45 N/A London -0.22 0.33 -0.27 N/A 0.01 0.36 -0.39 N/A Hensall -0.35 N/A -0.35 N/A 0.05 N/A -0.45 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 0.10 Essex N/A N/A -0.41 N/A N/A N/A -0.50 N/A Norwich -0.35 N/A -0.35 N/A 0.05 N/A -0.45 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 0.05 N/A -0.50 N/A Chatham N/A N/A -0.41 N/A N/A 0.27 -0.50 N/A Brigden N/A N/A -0.41 N/A N/A 0.27 -0.50 N/A Palmerston N/A 0.47 -0.27 -0.42 N/A 0.43 -0.36 -0.76 Varna 0.10 0.40 -0.40 N/A 0.10 0.40 -0.45 N/A Mitchell -0.35 -0.05 -0.35 N/A 0.05 0.35 -0.45 N/A Thornton N/A N/A N/A -1.22 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 0.29N/A 0.53 0.98 0.38N/A Toledo El. 6.43US 6.42CA 6.62US 6.60CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.14 0.68 -0.06 -0.47 CAD $/bu 6.63 7.18 6.43 7.82 CAD $/tonne 243.72 263.88 236.39 287.16 (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 445.56 - 446.66 DDG's FOB Srn, Wndr, Aylm 192.00 - 220.00