FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9891 up 0.0052 Chicago corn closed moderately lower to lower. JUL12 HI 6.29 DEC12 HI 5.40 LOW 6.10 LOW 5.28 1/4 CLOSE6.11 1/2 Down 17 1/2 CLOSE 5.31 Down 7 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL12+SEP12+SEP12 CK Low -0.45 5.67 223.02 -0.75 4.56 179.52 CK High -0.45 5.67 223.02 -0.75 4.56 179.52 CK Avg -0.45 -0.37 5.67 223.02 -0.75 -0.68 4.56 179.52 Essex Cty -0.50 5.62 221.05 -0.75 4.56 179.52 Mdsx Low -0.45 5.67 223.02 -0.75 4.56 179.52 Mdsx High -0.45 5.67 223.02 -0.75 4.56 179.52 Mdsx Avg -0.45 -0.37 5.67 223.02 -0.75 -0.68 4.56 179.52 Hensall -0.45 5.67 223.02 -0.75 4.56 179.52 Bruce -0.45 5.67 223.02 -0.75 4.56 179.52 Putnam -0.45 5.67 223.02 -0.75 4.56 179.52 Burford -0.45 5.67 223.02 -0.75 4.56 179.52 Port Perry -0.45 5.67 223.02 -0.75 4.56 179.52 Norfolk -0.45 5.67 223.02 -0.75 4.56 179.52 Palmerston -0.45 5.67 223.02 -0.75 4.56 179.52 Varna -0.50 5.62 221.05 -0.75 4.56 179.52 Trenton -0.30 5.82 228.93 -0.75 4.56 179.52 Winchester -0.15 5.97 234.83 -0.65 4.66 183.46 North Gower -0.31 5.81 228.53 -0.76 4.55 179.13 Huron FOB -0.35 5.77 226.96 -0.75 4.56 179.52 Kent FOB -0.45 5.67 223.02 -0.75 4.56 179.52 Lamb FOB -0.45 5.67 223.02 -0.75 4.56 179.52 Mdsx FOB -0.45 -0.40 0.35N/A 5.67 223.02 -0.75 4.56 179.52 FOB SW Que 0.35 6.47 254.52 -0.35 4.96 195.27 Track -0.10 6.02 236.80N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.71 185.42 Jhnstwn-Eth N/A N/A N/A N/A -0.50 4.81 189.36 Aylmer-Eth -0.40 -0.35 0.30 0.35 5.72 224.99 -0.60 4.71 185.42 Sarn-Eth N/A -0.25 -0.50 -0.55 N/A Cllngwd-Eth -0.10N/A N/A N/A 6.02 236.80-0.30* 5.01 197.23 London-Cas N/A N/A 0.70 0.75 -0.50 4.81 189.36 Pt.Colb-Cas N/A N/A 0.75 0.80 -0.45 4.86 191.33 Cardnl-Cas N/A 0.15 1.00 1.05 -0.45 4.86 191.33 W O Feed 0.08 0.09 6.20 243.89 US Rep 0.75 0.76 6.87 270.26 Toledo El. 0.18 6.29 247.74 -0.33 4.98 196.21 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.29 5.83229 1/3 -0.45 4.86191 1/3 MID SD CRN -0.75 4.561 HI SD CRN -0.75 4.561 *Wet Bid Bank of Canada Noon exchange rate was 0.9891 up 0.0052 Chicago soybeans closed moderately lower to lower. JUL12 HI 15.12 1/2 NOV12 HI 13.94 1/2 LOW 14.81 LOW 13.62 1/2 CLOSE14.85 Down 18 1/2 CLOSE 13.68 1/4 Down 24 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV12 CK Low -1.00 13.85 508.90-1.01 12.67 465.63 CK High -0.89 13.96 512.94-0.90 12.78 469.68 CK Average -0.95 -0.7613.90 510.80-0.97-0.8012.71 466.98 Essex Cty -0.82 14.03 515.51-0.79 12.89 473.72 Mdsx Low -1.00 13.85 508.90-1.00 12.68 466.00 Mdsx High -0.93 13.92 511.47-0.97 12.71 467.10 Mdsx Average -0.97 -0.7813.89 510.19-0.99-0.8212.70 466.55 Hensall -0.95 13.90 510.74-0.95 12.73 467.84 Bruce -1.00 13.85 508.90-1.00 12.68 466.00 Putnam -1.00 13.85 508.90-1.00 12.68 466.00 Burford -0.93 13.92 511.47-0.97 12.71 467.10 Port Perry -0.96 13.89 510.37-1.00 12.68 466.00 Norfolk -0.85 14.00 514.41-0.93 12.75 468.57 Palmerston -0.95 13.90 510.74-1.00 12.68 466.00 Varna -1.00 13.85 508.90-1.05 12.63 464.16 Trenton -0.95 13.90 510.74-0.90 12.78 469.68 Winchester -0.89 13.96 512.94-0.82 12.86 472.62 North Gower -1.09 13.76 505.59-0.83 12.85 472.25 Huron FOB -0.75 14.10 518.09-0.80 12.88 473.35 Kent FOB -0.89 13.96 512.94-0.98 12.70 466.74 Lambton FOB -0.89 13.96 512.94-0.98 12.70 466.74 Middlesex FOB-0.77-0.77-0.72 N/A 14.08 517.35-0.63 13.05 479.60 PROCESSORS Hamilton -0.40-0.35-0.300.00 14.45 530.95-0.35 13.33 489.89 Windsor -0.59-0.58-0.55 N/A 14.26 523.97-0.56 13.12 482.17 Winchester -0.87 13.98 513.68-0.80 12.88 473.35 TRANSFER Hamilton -0.45 N/A N/A N/A 14.40 529.11-0.27 13.41 492.83 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.20 14.65 538.30-0.05 13.63 500.91 Toledo El. -0.24 14.61 536.93-0.33 13.36 490.77 Bank of Canada Noon exchange rate was 0.9891 up 0.0052 Chicago wheat closed lower. JUL12 HI 6.41 3/4 JUL12 HI 6.41 3/4 LOW 6.11 3/4 LOW 6.11 3/4 CLOSE 6.14 1/2 Down 28 1/2 CLOSE 6.14 1/2 Down 28 1/2 Minni wheat closed lower. JUL12 HI 7.75 SEP12 HI 7.71 3/4 LOW 7.50 LOW 7.49 CLOSE 7.51 Down 23 1/4 CLOSE 7.50 3/4 Down 24 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.27 0.47 -0.22 -0.49 CAD $/bu 5.87 6.61 5.92 7.02 CAD $/tonne 215.74 242.96 217.56 258.02 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 N/A -0.62 N/A N/A 0.15 -0.60 N/A London -0.62 0.03 -0.62 N/A -0.06 0.14 -0.60 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 -0.67 N/A N/A N/A -0.66 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 0.19 -0.60 -0.43 N/A 0.23 -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 -0.52 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 0.04N/A 0.47 0.91 0.27N/A Toledo El. 6.12US 6.04CA 6.22US 6.14CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.07 0.62 -0.17 -0.54 CAD $/bu 6.22 6.76 5.97 6.97 CAD $/tonne 228.45 248.41 219.37 256.12 (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 482.49 - 486.90 DDG's FOB Srn, Wndr, Aylm 205.00 - 240.00