FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 3 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9868 down 0.0023 Chicago corn closed mixed. JUL12 HI 6.16 3/4 DEC12 HI 5.32 1/4 LOW 6.07 1/2 LOW 5.24 CLOSE6.14 1/2 Up 3 CLOSE 5.29 1/2 Down 1 1/2 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 5.70 224.20 -0.75 4.55 178.93 CK High -0.45 5.70 224.20 -0.70 4.60 180.90 CK Avg -0.45 -0.38 5.70 224.20 -0.72 -0.66 4.58 180.24 Essex Cty -0.50 5.65 222.23 -0.75 4.55 178.93 Mdsx Low -0.45 5.70 224.20 -0.70 4.60 180.90 Mdsx High -0.45 5.70 224.20 -0.70 4.60 180.90 Mdsx Avg -0.45 -0.38 5.70 224.20 -0.70 -0.64 4.60 180.90 Hensall -0.45 5.70 224.20 -0.73 4.57 179.91 Bruce -0.45 5.70 224.20 -0.70 4.60 180.90 Putnam -0.45 5.70 224.20 -0.70 4.60 180.90 Burford -0.45 5.70 224.20 -0.70 4.60 180.90 Port Perry -0.45 5.70 224.20 -0.70 4.60 180.90 Norfolk -0.45 5.70 224.20 -0.70 4.60 180.90 Palmerston -0.45 5.70 224.20 -0.75 4.55 178.93 Varna -0.45 5.70 224.20 -0.75 4.55 178.93 Trenton -0.30 5.85 230.11 -0.75 4.55 178.93 Winchester -0.15 6.00 236.01 -0.65 4.65 182.87 North Gower -0.30 5.85 230.11 -0.75 4.55 178.93 Huron FOB -0.35 5.80 228.14 -0.75 4.55 178.93 Kent FOB -0.45 5.70 224.20 -0.70 4.60 180.90 Lamb FOB -0.45 5.70 224.20 -0.70 4.60 180.90 Mdsx FOB -0.45 -0.40 0.35N/A 5.70 224.20 -0.70 4.60 180.90 FOB SW Que 0.37 6.52 256.48 -0.03 5.27 207.27 Track -0.10 6.05 237.98N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.70 184.83 Jhnstwn-Eth N/A N/A N/A N/A -0.50 4.80 188.77 Aylmer-Eth -0.40 -0.35 0.30 0.35 5.75 226.17 -0.60 4.70 184.83 Sarn-Eth N/A -0.25 -0.50 -0.55 N/A Cllngwd-Eth -0.10N/A N/A N/A 6.05 237.98-0.30* 5.00 196.64 London-Cas N/A N/A 0.70 0.75 -0.50 4.80 188.77 Pt.Colb-Cas N/A N/A 0.75 0.80 -0.45 4.85 190.74 Cardnl-Cas N/A 0.15 1.00 1.05 -0.45 4.85 190.74 W O Feed 0.08 0.09 6.23 245.07 US Rep 0.75 0.76 6.90 271.44 Toledo El. 0.18 6.32 248.93 -0.33 4.97 195.60 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.27 5.88231 2/7 -0.43 4.87191 1/2 MID SD CRN -0.72 1/2 4.57 HI SD CRN -0.70 4.59 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9868 down 0.0023 Chicago soybeans closed mixed. JUL12 HI 14.88 3/4 NOV12 HI 13.73 3/4 LOW 14.65 1/2 LOW 13.62 CLOSE14.73 1/2 Down 11 1/2 CLOSE 13.67 3/4 Down 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV12 CK Low -0.96 13.78 506.14-1.08 12.60 462.88 CK High -0.90 13.84 508.35-0.90 12.78 469.49 CK Average -0.95 -0.7913.79 506.70-0.98-0.8312.70 466.55 Essex Cty -0.79 13.95 512.39-0.76 12.92 474.64 Mdsx Low -0.95 13.79 506.51-0.96 12.72 467.29 Mdsx High -0.94 13.80 506.88-0.95 12.73 467.66 Mdsx Average -0.95 -0.7913.79 506.70-0.96-0.8112.72 467.47 Hensall -0.93 13.81 507.43-0.93 12.75 468.57 Bruce -0.95 13.79 506.51-0.95 12.73 467.66 Putnam -0.95 13.79 506.51-0.95 12.73 467.66 Burford -0.94 13.80 506.88-0.96 12.72 467.29 Port Perry -0.97 13.77 505.78-0.99 12.69 466.19 Norfolk -0.92 13.82 507.61-1.00 12.68 465.82 Palmerston -0.95 13.79 506.51-0.95 12.73 467.66 Varna -0.90 13.84 508.35-0.90 12.78 469.49 Trenton -0.95 13.79 506.51-0.85 12.83 471.33 Winchester -0.92 13.82 507.61-0.85 12.83 471.33 North Gower -0.99 13.75 505.04-0.83 12.85 472.06 Huron FOB -0.75 13.99 513.86-0.80 12.88 473.17 Kent FOB -0.96 13.78 506.14-1.05 12.63 463.98 Lambton FOB -0.96 13.78 506.14-1.05 12.63 463.98 Middlesex FOB-0.83-0.83-0.78 N/A 13.91 510.92-0.70 12.98 476.84 PROCESSORS Hamilton -0.45-0.40-0.35-0.05 14.29 524.88-0.40 13.28 487.86 Windsor -0.56-0.54-0.51 N/A 14.18 520.84-0.53 13.15 483.09 Winchester -0.79 13.95 512.39-0.72 12.96 476.11 TRANSFER Hamilton -0.37 N/A N/A N/A 14.37 527.82-0.20 13.48 495.21 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.18 14.56 534.800.04 13.72 504.03 Toledo El. -0.24 14.50 532.69-0.28 13.40 492.38 Bank of Canada Noon exchange rate was 0.9868 down 0.0023 Chicago wheat closed slightly higher. JUL12 HI 6.21 3/4 JUL12 HI 6.21 3/4 LOW 6.13 1/4 LOW 6.13 1/4 CLOSE 6.15 1/2 Up 1 CLOSE 6.15 1/2 Up 1 Minni wheat closed slightly lower. JUL12 HI 7.55 SEP12 HI 7.54 1/2 LOW 7.44 LOW 7.45 CLOSE 7.45 1/2 Down 5 1/2 CLOSE 7.46 1/4 Down 4 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.26 0.48 -0.21 -0.48 CAD $/bu 5.89 6.63 5.94 6.98 CAD $/tonne 216.47 243.73 218.29 256.46 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 -0.64 -0.10 -0.64 N/A -0.09 0.11 -0.69 N/A Hensall -0.65 N/A -0.65 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 -0.65 N/A N/A N/A -0.64 N/A Norwich -0.65 N/A -0.65 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 -0.65 N/A -0.65 N/A 0.05 N/A -0.60 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 0.16 -0.62 -0.47 N/A 0.20 -0.58 -0.80 Varna -0.10 0.05 -0.65 N/A 0.00 0.30 -0.55 N/A Mitchell -0.65 0.05 -0.65 N/A 0.05 0.25 -0.55 N/A Thornton N/A N/A N/A -0.68 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.39 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.10 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 0.05N/A 0.48 0.92 0.28N/A Toledo El. 6.10US 6.03CA 6.23US 6.16CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.08 0.63 -0.16 -0.52 CAD $/bu 6.24 6.78 5.99 6.94 CAD $/tonne 229.19 249.19 220.11 254.91 (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 478.85 - 483.26 DDG's FOB Srn, Wndr, Aylm 205.00 - 240.00