FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, April 11 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0039 up 0.0011 Chicago corn closed slightly higher. MAY12 HI 6.39 3/4 DEC12 HI 5.48 1/4 LOW 6.31 LOW 5.41 CLOSE6.36 Up 1 1/4 CLOSE 5.46 3/4 Up 3 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 5.81 228.73 -0.75 4.72 185.72 CK High -0.50 5.86 230.70 -0.70 4.77 187.69 CK Avg -0.54 -0.58 5.82 229.06 -0.74 -0.77 4.73 186.05 Essex Cty -0.65 5.71 224.79 -0.75 4.72 185.72 Mdsx Low -0.55 5.81 228.73 -0.75 4.72 185.72 Mdsx High -0.55 5.81 228.73 -0.75 4.72 185.72 Mdsx Avg -0.55 -0.58 5.81 228.73 -0.75 -0.78 4.72 185.72 Hensall -0.55 5.81 228.73 -0.75 4.72 185.72 Bruce -0.55 5.81 228.73 -0.75 4.72 185.72 Putnam -0.55 5.81 228.73 -0.75 4.72 185.72 Burford -0.55 5.81 228.73 -0.75 4.72 185.72 Port Perry -0.55 5.81 228.73 -0.75 4.72 185.72 Norfolk -0.55 5.81 228.73 -0.75 4.72 185.72 Palmerston -0.55 5.81 228.73 -0.75 4.72 185.72 Varna -0.55 5.81 228.73 -0.75 4.72 185.72 Trenton -0.35 6.01 236.60 -0.75 4.72 185.72 Winchester -0.20 6.16 242.51 -0.60 4.87 191.63 North Gower -0.36 6.00 236.21 -0.70 4.77 187.69 Huron FOB -0.50 5.86 230.70 -0.70 4.77 187.69 Kent FOB -0.55 5.81 228.73 -0.75 4.72 185.72 Lamb FOB -0.55 5.81 228.73 -0.75 4.72 185.72 Mdsx FOB -0.50 -0.30 -0.25N/A 5.86 230.70 -0.75 4.72 185.72 FOB SW Que -0.10 6.26 246.45 -0.40 5.07 199.50 Track -0.18 6.19 243.49N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.55 4.92 193.59 Jhnstwn-Eth N/A N/A N/A N/A -0.35 5.12 201.47 Aylmer-Eth N/A -0.40 -0.35 0.30 -0.60 4.87 191.63 Sarn-Eth N/A -0.25 -0.30N/A N/A Cllngwd-Eth N/A -0.10 -0.25N/A -0.30* 5.17 203.44 London-Cas N/A N/A N/A 0.55 -0.50 4.97 195.56 Pt.Colb-Cas N/A N/A N/A 0.60 -0.45 5.02 197.53 Cardnl-Cas N/A N/A 0.15 0.60 -0.45 5.02 197.53 W O Feed -0.02 -0.02 6.34 249.59 US Rep 0.65 0.65 7.01 275.97 Toledo El. 0.09 6.45 253.94 -0.38 5.09 200.21 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.35 6.01236 3/5 -0.41 5.06199 1/9 MID SD CRN -0.52 1/2 5.83 1/2 HI SD CRN -0.50 5.86 *Wet Bid Bank of Canada Noon exchange rate was 1.0039 up 0.0011 Chicago soybeans closed slightly lower. MAY12 HI 14.31 1/4 NOV12 HI 13.69 3/4 LOW 14.15 LOW 13.55 CLOSE14.22 Down 4 CLOSE 13.59 Down 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.85 13.37 491.26-0.90 12.69 466.28 CK High -0.80 13.42 493.10-0.80 12.79 469.95 CK Average -0.83 -0.9113.39 491.88-0.86-0.9312.73 467.75 Essex Cty -0.57 13.65 501.55-0.62 12.97 476.57 Mdsx Low -0.85 13.37 491.26-0.90 12.69 466.28 Mdsx High -0.81 13.41 492.73-0.87 12.72 467.38 Mdsx Average -0.83 -0.9113.39 492.00-0.89-0.9612.71 466.83 Hensall -0.85 13.37 491.26-0.90 12.69 466.28 Bruce -0.85 13.37 491.26-0.90 12.69 466.28 Putnam -0.95 13.27 487.59-0.95 12.64 464.44 Burford -0.78 13.44 493.84-0.84 12.75 468.48 Port Perry -0.84 13.38 491.63-0.90 12.69 466.28 Norfolk -0.77 13.45 494.20-0.81 12.78 469.58 Palmerston -0.85 13.37 491.26-0.90 12.69 466.28 Varna -0.85 13.37 491.26-0.90 12.69 466.28 Trenton -0.92 13.30 488.69-0.80 12.79 469.95 Winchester -0.82 13.40 492.37-0.70 12.89 473.63 North Gower -0.84 13.38 491.63-0.78 12.81 470.69 Huron FOB -0.75 13.47 494.94-0.80 12.79 469.95 Kent FOB -0.81 13.41 492.73-0.86 12.73 467.75 Lambton FOB -0.81 13.41 492.73-0.86 12.73 467.75 Middlesex FOB-0.59-0.59-0.57-0.57 13.63 500.82-0.64 12.95 475.83 PROCESSORS Hamilton -0.30-0.25-0.25-0.20 13.92 511.47-0.25 13.34 490.16 Windsor -0.34-0.34-0.29-0.26 13.88 510.00-0.39 13.20 485.02 Winchester -0.71 13.51 496.41-0.60 12.99 477.30 TRANSFER Hamilton -0.25 N/A N/A N/A 13.97 513.31-0.25 13.34 490.16 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.30 13.92 511.47-0.15 13.44 493.84 Toledo El. -0.22 14.00 514.37-0.33 13.26 487.16 Bank of Canada Noon exchange rate was 1.0039 up 0.0011 Chicago wheat closed slightly higher. MAY12 HI 6.33 3/4 JUL12 HI 6.40 LOW 6.19 3/4 LOW 6.26 3/4 CLOSE 6.28 Up 2 1/4 CLOSE 6.33 1/2 Up 1 1/2 Minni wheat closed slightly higher. MAY12 HI 8.48 1/2 SEP12 HI 8.24 1/4 LOW 8.30 1/4 LOW 8.10 CLOSE 8.38 1/4 Up 4 1/2 CLOSE 8.18 3/4 Up 4 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.07 0.69 0.03 -0.41 CAD $/bu 6.21 6.97 6.31 7.97 CAD $/tonne 228.29 255.99 231.98 293.02 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 0.20 -0.45 N/A N/A 0.20 -0.45 N/A London -0.28 0.32 -0.33 N/A 0.03 0.28 -0.47 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 -0.55 N/A Winchester N/A N/A N/A N/A N/A N/A N/A 0.10 Essex N/A N/A -0.36 N/A N/A N/A -0.45 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 -0.43 N/A N/A 0.28 -0.50 N/A Brigden N/A N/A -0.43 N/A N/A 0.28 -0.50 N/A Palmerston N/A 0.50 -0.26 -0.20 N/A 0.45 -0.35 -0.65 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 -1.23 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.54 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 -0.05 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 0.34N/A 0.59 1.04 0.44N/A Toledo El. 6.32US 6.35CA 6.46US 6.49CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.18 0.74 -0.02 -0.41 CAD $/bu 6.52 7.07 6.32 7.78 CAD $/tonne 239.55 259.87 232.16 285.82 (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 445.12 - 450.63 DDG's FOB Srn, Wndr, Aylm 192.00 - 220.00