FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 23 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9936 up 0.0025 Chicago corn closed moderately higher. MAY12 HI 6.22 1/2 DEC12 HI 5.45 1/2 LOW 6.10 1/4 LOW 5.32 3/4 CLOSE6.22 1/2 Up 10 CLOSE 5.45 1/2 Up 8 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL12+JUL12+SEP12 CK Low -0.55 5.68 223.41 -0.75 4.71 185.23 CK High -0.50 5.73 225.38 -0.70 4.76 187.20 CK Avg -0.54 -0.50 5.69 223.94 -0.74 -0.71 4.71 185.56 Essex Cty -0.60 5.63 221.45 -0.80 4.66 183.26 Mdsx Low -0.55 5.68 223.41 -0.75 4.71 185.23 Mdsx High -0.55 5.68 223.41 -0.75 4.71 185.23 Mdsx Avg -0.55 -0.51 5.68 223.41 -0.75 -0.72 4.71 185.23 Hensall -0.55 5.68 223.41 -0.75 4.71 185.23 Bruce -0.55 5.68 223.41 -0.75 4.71 185.23 Putnam -0.55 5.68 223.41 -0.75 4.71 185.23 Burford -0.55 5.68 223.41 -0.75 4.71 185.23 Port Perry -0.55 5.68 223.41 -0.75 4.71 185.23 Norfolk -0.52 5.71 224.60 -0.75 4.71 185.23 Palmerston -0.55 5.68 223.41 -0.75 4.71 185.23 Varna -0.55 5.68 223.41 -0.75 4.71 185.23 Trenton -0.35 5.88 231.29 -0.75 4.71 185.23 Winchester -0.20 6.03 237.19 -0.65 4.81 189.16 North Gower -0.36 5.87 230.89 -0.71 4.75 186.80 Huron FOB -0.50 5.73 225.38 -0.75 4.71 185.23 Kent FOB -0.52 5.71 224.60 -0.75 4.71 185.23 Lamb FOB -0.52 5.71 224.60 -0.75 4.71 185.23 Mdsx FOB -0.50 -0.30 -0.25N/A 5.73 225.38 -0.75 4.71 185.23 FOB SW Que 0.00 6.23 245.07 -0.40 5.06 199.01 Track -0.15 6.08 239.16N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.86 191.13 Jhnstwn-Eth N/A N/A N/A N/A -0.50 4.96 195.07 Aylmer-Eth N/A -0.40 -0.35 0.30 -0.60 4.86 191.13 Sarn-Eth N/A -0.25 -0.25 0.50 N/A Cllngwd-Eth N/A -0.10N/A N/A -0.30* 5.16 202.94 London-Cas N/A N/A N/A 0.55 -0.50 4.96 195.07 Pt.Colb-Cas N/A N/A N/A 0.60 -0.45 5.01 197.04 Cardnl-Cas N/A N/A 0.15 0.60 -0.45 5.01 197.04 W O Feed -0.05 -0.04 6.18 243.10 US Rep 0.65 0.66 6.88 270.66 Toledo El. 0.07 6.29 247.81 -0.33 5.13 201.84 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.15 6.08239 1/6 -0.45 5.01197 MID SD CRN -0.52 1/2 5.701 -0.72 1/2 4.73 HI SD CRN -0.50 5.72 1/2 -0.70 4.75 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9936 up 0.0025 Chicago soybeans closed slightly to moderately lower. MAY12 HI 14.53 NOV12 HI 13.64 1/4 LOW 14.36 LOW 13.40 1/4 CLOSE14.37 1/4 Down 9 1/2 CLOSE 13.41 1/2 Down 14 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL12 CK Low -0.90 13.47 495.03-0.94 12.48 458.38 CK High -0.85 13.52 496.87-0.85 12.57 461.68 CK Average -0.87 -0.7813.50 496.19-0.90-0.8112.52 460.03 Essex Cty -0.74 13.63 500.91-0.76 12.66 464.99 Mdsx Low -0.89 13.48 495.40-0.93 12.49 458.75 Mdsx High -0.85 13.52 496.87-0.90 12.52 459.85 Mdsx Average -0.87 -0.7813.50 496.13-0.92-0.8312.50 459.30 Hensall -0.88 13.50 495.95-0.93 12.49 458.93 Bruce -0.85 13.52 496.87-0.90 12.52 459.85 Putnam -0.85 13.52 496.87-0.90 12.52 459.85 Burford -0.86 13.51 496.50-0.90 12.52 459.85 Port Perry -0.92 13.45 494.29-0.96 12.46 457.64 Norfolk -0.84 13.53 497.23-0.88 12.54 460.58 Palmerston -0.95 13.42 493.19-1.00 12.42 456.17 Varna -0.95 13.42 493.19-1.00 12.42 456.17 Trenton -0.90 13.47 495.03-0.85 12.57 461.68 Winchester -0.88 13.49 495.76-0.76 12.66 464.99 North Gower -0.94 13.43 493.56-0.73 12.69 466.09 Huron FOB -0.80 13.57 498.70-0.85 12.57 461.68 Kent FOB -0.88 13.49 495.76-0.93 12.49 458.75 Lambton FOB -0.88 13.49 495.76-0.93 12.49 458.75 Middlesex FOB-0.65-0.65-0.68-0.65 13.72 504.22-0.69 12.73 467.56 PROCESSORS Hamilton -0.40-0.35-0.35-0.30 13.97 513.40-0.35 13.07 480.06 Windsor -0.51-0.51-0.46-0.43 13.86 509.36-0.53 12.89 473.44 Winchester -0.86 13.51 496.50-0.74 12.68 465.73 TRANSFER Hamilton -0.30 N/A N/A N/A 14.07 517.08-0.35 13.07 480.06 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.22 14.15 520.02-0.25 13.17 483.73 Toledo El. -0.32 14.05 516.42-0.33 13.09 480.87 Bank of Canada Noon exchange rate was 0.9936 up 0.0025 Chicago wheat closed slightly higher. MAY12 HI 6.27 3/4 JUL12 HI 6.35 LOW 6.14 1/4 LOW 6.21 1/4 CLOSE 6.25 Up 9 1/4 CLOSE 6.32 1/2 Up 9 1/2 Minni wheat closed narrowly mixed. JUL12 HI 7.97 1/4 SEP12 HI 7.90 1/2 LOW 7.78 1/4 LOW 7.75 3/4 CLOSE 7.93 3/4 Down 1/2 CLOSE 7.88 1/4 Up 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.14 0.61 -0.04 -0.55 CAD $/bu 6.11 6.86 6.21 7.39 CAD $/tonne 224.54 251.92 228.19 271.54 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 -0.55 N/A N/A 0.15 -0.55 N/A London -0.57 0.23 -0.42 N/A -0.01 0.19 -0.85 N/A Hensall -0.55 N/A -0.55 N/A 0.05 N/A -0.55 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 -0.38 Essex N/A N/A -0.73 N/A N/A N/A -0.63 N/A Norwich -0.55 N/A -0.55 N/A 0.05 N/A -0.55 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.55 N/A -0.55 N/A 0.05 N/A -0.55 N/A Chatham N/A N/A N/A N/A N/A 0.12 -0.61 N/A Brigden N/A N/A N/A N/A N/A 0.12 -0.61 N/A Palmerston N/A 0.29 -0.51 -0.22 N/A 0.29 -0.51 -0.66 Varna -0.40 0.20 -0.50 N/A 0.05 0.35 -0.50 N/A Mitchell -0.55 -0.05 -0.55 N/A 0.05 0.25 -0.55 N/A Thornton N/A N/A N/A -0.91 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.40 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.05 N/A N/A N/A -0.10 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 0.16N/A 0.51 0.95 0.31N/A Toledo El. 6.29US 6.25CA 6.40US 6.35CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.11 0.66 -0.14 -0.50 CAD $/bu 6.43 6.98 6.19 7.39 CAD $/tonne 236.40 256.48 227.28 271.36 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 305.00 - 310.00 Bayport Oats 325.00 Bayport Barley 305.00 FOB Hm Soymeal 456.81 - 462.32 DDG's FOB Srn, Wndr, Aylm 200.00 - 240.00