FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9839 down 0.0045 Chicago corn closed slightly to moderately lower. JUL12 HI 6.34 1/4 DEC12 HI 5.41 1/2 LOW 6.25 1/4 LOW 5.33 1/4 CLOSE6.29 Down 5 1/4 CLOSE 5.38 3/4 Down 4 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL12+JUL12+SEP12 CK Low -0.45 5.84 229.91 -0.75 4.64 182.57 CK High -0.45 5.84 229.91 -0.75 4.64 182.57 CK Avg -0.45 -0.36 5.84 229.91 -0.75 -0.67 4.64 182.57 Essex Cty -0.55 5.74 225.97 -0.80 4.59 180.60 Mdsx Low -0.45 5.84 229.91 -0.75 4.64 182.57 Mdsx High -0.45 5.84 229.91 -0.75 4.64 182.57 Mdsx Avg -0.45 -0.36 5.84 229.91 -0.75 -0.67 4.64 182.57 Hensall -0.45 5.84 229.91 -0.75 4.64 182.57 Bruce -0.45 5.84 229.91 -0.75 4.64 182.57 Putnam -0.45 5.84 229.91 -0.75 4.64 182.57 Burford -0.45 5.84 229.91 -0.75 4.64 182.57 Port Perry -0.45 5.84 229.91 -0.75 4.64 182.57 Norfolk -0.45 5.84 229.91 -0.75 4.64 182.57 Palmerston N/A -0.75 4.64 182.57 Varna -0.50 5.79 227.94 -0.75 4.64 182.57 Trenton -0.30 5.99 235.82 -0.75 4.64 182.57 Winchester -0.15 6.14 241.72 -0.65 4.74 186.51 North Gower -0.36 5.93 233.45 -0.76 4.63 182.18 Huron FOB -0.35 5.94 233.85 -0.75 4.64 182.57 Kent FOB -0.45 5.84 229.91 -0.75 4.64 182.57 Lamb FOB -0.45 5.84 229.91 -0.75 4.64 182.57 Mdsx FOB -0.45 -0.45 -0.40 -0.35 5.84 229.91 -0.75 4.64 182.57 FOB SW Que 0.10 6.39 251.56 -0.40 4.99 196.35 Track -0.10 6.19 243.69N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.79 188.48 Jhnstwn-Eth N/A N/A N/A N/A -0.50 4.89 192.41 Aylmer-Eth -0.40 -0.35 0.30 0.35 5.89 231.88 -0.60 4.79 188.48 Sarn-Eth N/A -0.25 -0.50 -0.55 N/A Cllngwd-Eth -0.10N/A N/A N/A 6.19 243.69-0.30* 5.09 200.29 London-Cas N/A N/A 0.55 0.60 -0.50 4.89 192.41 Pt.Colb-Cas N/A N/A 0.60 0.65 -0.45 4.94 194.38 Cardnl-Cas N/A 0.15 0.60 0.65 -0.45 4.94 194.38 W O Feed 0.08 0.10 6.37 250.78 US Rep 0.75 0.77 7.04 277.15 Toledo El. 0.18 6.47 254.61 -0.33 5.06 199.29 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.29 6.00236 1/5 -0.45 4.94194 3/8 MID SD CRN -0.75 4.63 3/4 HI SD CRN -0.75 4.63 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9839 down 0.0045 Chicago soybeans closed mixed. JUL12 HI 15.04 3/4 NOV12 HI 13.93 1/2 LOW 14.92 LOW 13.75 3/4 CLOSE15.03 1/2 Down 2 CLOSE 13.92 1/2 Up 11 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG12 CK Low -1.05 13.99 513.86-1.05 12.88 473.08 CK High -0.94 14.10 517.90-0.95 12.98 476.75 CK Average -0.99 -0.7814.05 516.13-1.01-0.8212.91 474.42 Essex Cty -0.80 14.24 523.05-0.86 13.07 480.06 Mdsx Low -1.05 13.99 513.86-1.05 12.88 473.08 Mdsx High -0.92 14.12 518.64-0.98 12.95 475.65 Mdsx Average -0.99 -0.7714.05 516.25-1.02-0.8212.91 474.36 Hensall -1.00 14.04 515.70-1.03 12.90 473.99 Bruce -1.05 13.99 513.86-1.05 12.88 473.08 Putnam -0.95 14.09 517.54-1.00 12.93 474.91 Burford -0.92 14.12 518.64-0.98 12.95 475.65 Port Perry -0.95 14.09 517.54-1.01 12.92 474.55 Norfolk -0.90 14.14 519.37-0.98 12.95 475.65 Palmerston -1.02 14.02 514.96-1.05 12.88 473.08 Varna -1.00 14.04 515.70-1.05 12.88 473.08 Trenton -1.05 13.99 513.86-1.00 12.93 474.91 Winchester -0.97 14.07 516.80-0.90 13.03 478.59 North Gower -1.04 14.00 514.23-0.83 13.10 481.16 Huron FOB -0.80 14.24 523.05-0.90 13.03 478.59 Kent FOB -0.94 14.10 517.90-1.03 12.90 473.81 Lambton FOB -0.94 14.10 517.90-1.03 12.90 473.81 Middlesex FOB-0.76-0.76-0.71 N/A 14.28 524.52-0.64 13.29 488.14 PROCESSORS Hamilton -0.45-0.40-0.35-0.10 14.59 535.91-0.35 13.58 498.80 Windsor -0.56-0.55-0.52 N/A 14.48 531.87-0.63 13.30 488.51 Winchester -0.87 14.17 520.47-0.80 13.13 482.26 TRANSFER Hamilton -0.45 N/A N/A N/A 14.59 535.91-0.27 13.66 501.74 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.20 14.84 545.09-0.03 13.90 510.55 Toledo El. -0.24 14.80 543.75-0.33 13.60 499.70 Bank of Canada Noon exchange rate was 0.9839 down 0.0045 Chicago wheat closed moderately lower. JUL12 HI 6.55 1/2 JUL12 HI 6.55 1/2 LOW 6.41 LOW 6.41 CLOSE 6.43 Down 11 1/2 CLOSE 6.43 Down 11 1/2 Minni wheat closed slightly lower. JUL12 HI 7.82 SEP12 HI 7.80 1/4 LOW 7.71 1/4 LOW 7.71 CLOSE 7.74 1/4 Down 9 1/4 CLOSE 7.74 3/4 Down 8 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.29 0.45 -0.24 -0.50 CAD $/bu 6.14 6.88 6.19 7.24 CAD $/tonne 225.69 252.86 227.50 265.99 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 -0.65 N/A N/A 0.15 -0.65 N/A London -0.61 0.03 -0.61 N/A -0.07 0.13 -0.61 N/A Hensall -0.70 N/A -0.70 N/A 0.05 N/A -0.60 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 -0.68 N/A N/A N/A -0.67 N/A Norwich -0.70 N/A -0.70 N/A 0.05 N/A -0.60 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.70 N/A -0.70 N/A 0.05 N/A -0.65 N/A Chatham N/A N/A -0.65 N/A N/A 0.00 -0.69 N/A Brigden N/A N/A -0.65 N/A N/A 0.00 -0.69 N/A Palmerston N/A 0.23 -0.60 N/A N/A -0.02 -0.56 -0.77 Varna -0.70 0.00 -0.70 N/A 0.05 0.25 -0.60 N/A Mitchell -0.65 0.05 -0.65 N/A 0.05 0.25 -0.60 N/A Thornton N/A N/A N/A -0.69 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 -0.15 N/A N/A N/A -0.15 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 0.03N/A 0.45 0.90 0.25N/A Toledo El. 6.40US 6.31CA 6.50US 6.41CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.06 0.60 -0.19 -0.55 CAD $/bu 6.49 7.03 6.24 7.19 CAD $/tonne 238.36 258.29 229.31 264.36 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 310.00 - 325.00 Bayport Oats 325.00 Bayport Barley 305.00 FOB Hm Soymeal 487.45 - 491.86 DDG's FOB Srn, Wndr, Aylm 200.00 - 240.00