FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9956 up 0.0088 Chicago corn closed mixed. JUL12 HI 6.26 DEC12 HI 5.29 3/4 LOW 6.04 LOW 5.15 CLOSE6.20 1/4 Up 5 3/4 CLOSE 5.24 1/4 Down 5 1/4 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 5.75 226.47 -0.75 4.49 176.86 CK High -0.45 5.75 226.47 -0.70 4.54 178.83 CK Avg -0.45 -0.43 5.75 226.47 -0.73 -0.70 4.52 177.85 Essex Cty -0.50 5.70 224.50 -0.70 4.54 178.83 Mdsx Low -0.45 5.75 226.47 -0.75 4.49 176.86 Mdsx High -0.45 5.75 226.47 -0.70 4.54 178.83 Mdsx Avg -0.45 -0.43 5.75 226.47 -0.73 -0.70 4.52 177.85 Hensall -0.45 5.75 226.47 -0.70 4.54 178.83 Bruce -0.45 5.75 226.47 -0.70 4.54 178.83 Putnam -0.45 5.75 226.47 -0.70 4.54 178.83 Burford -0.45 5.75 226.47 -0.75 4.49 176.86 Port Perry -0.45 5.75 226.47 -0.75 4.49 176.86 Norfolk -0.45 5.75 226.47 -0.70 4.54 178.83 Palmerston -0.45 5.75 226.47 -0.75 4.49 176.86 Varna -0.45 5.75 226.47 -0.70 4.54 178.83 Trenton -0.30 5.90 232.37 -0.75 4.49 176.86 Winchester -0.15 6.05 238.28 -0.65 4.59 180.80 North Gower -0.30 5.90 232.37 -0.75 4.49 176.86 Huron FOB -0.35 5.85 230.40 -0.70 4.54 178.83 Kent FOB -0.45 5.75 226.47 -0.70 4.54 178.83 Lamb FOB -0.45 5.75 226.47 -0.70 4.54 178.83 Mdsx FOB -0.45 -0.40 0.50N/A 5.75 226.47 -0.75 4.49 176.86 FOB SW Que 0.37 6.57 258.75 -0.03 5.21 205.21 Track -0.10 6.10 240.24N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.64 182.77 Jhnstwn-Eth N/A N/A N/A N/A -0.40 4.84 190.64 Aylmer-Eth -0.40 -0.35 0.30 0.35 5.80 228.43 -0.60 4.64 182.77 Sarn-Eth N/A -0.25 -0.50 -0.55 N/A Cllngwd-Eth -0.10N/A N/A N/A 6.10 240.24-0.30* 4.94 194.58 London-Cas N/A N/A 0.70 0.75 -0.50 4.74 186.70 Pt.Colb-Cas N/A N/A 0.75 0.80 -0.45 4.79 188.67 Cardnl-Cas N/A 0.15 1.00 1.05 -0.45 4.79 188.67 W O Feed 0.06 0.06 6.26 246.54 US Rep 0.75 0.75 6.95 273.71 Toledo El. 0.21 6.41 252.42 -0.33 4.91 193.45 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.27 5.93233 5/9 -0.43 4.81189 1/2 MID SD CRN -0.72 1/2 4.51 3/4 HI SD CRN -0.70 4.54 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9956 up 0.0088 Chicago soybeans closed mixed. JUL12 HI 14.81 1/4 NOV12 HI 13.73 LOW 14.58 LOW 13.52 CLOSE14.78 1/4 Up 4 3/4 CLOSE 13.66 3/4 Down 1 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV12 CK Low -0.95 13.83 508.26-0.99 12.68 465.82 CK High -0.88 13.90 510.83-0.90 12.77 469.13 CK Average -0.92 -0.8613.86 509.30-0.95-0.8912.72 467.41 Essex Cty -0.70 14.08 517.44-0.68 12.99 477.21 Mdsx Low -0.95 13.83 508.26-0.95 12.72 467.29 Mdsx High -0.85 13.93 511.93-0.86 12.81 470.60 Mdsx Average -0.90 -0.8413.88 510.09-0.91-0.8512.76 468.94 Hensall -0.93 13.86 509.18-0.90 12.77 469.13 Bruce -0.95 13.83 508.26-0.95 12.72 467.29 Putnam -0.95 13.83 508.26-0.95 12.72 467.29 Burford -0.85 13.93 511.93-0.86 12.81 470.60 Port Perry -0.88 13.90 510.83-0.89 12.78 469.49 Norfolk -0.86 13.92 511.56-0.94 12.73 467.66 Palmerston -0.95 13.83 508.26-0.95 12.72 467.29 Varna -0.90 13.88 510.09-0.85 12.82 470.96 Trenton -0.90 13.88 510.09-0.82 12.85 472.06 Winchester -0.80 13.98 513.77-0.70 12.97 476.47 North Gower -0.95 13.83 508.26-0.83 12.84 471.70 Huron FOB -0.75 14.03 515.61-0.75 12.92 474.64 Kent FOB -0.90 13.88 510.09-0.99 12.68 465.82 Lambton FOB -0.90 13.88 510.09-0.99 12.68 465.82 Middlesex FOB-0.74-0.74-0.69 N/A 14.04 515.97-0.55 13.12 481.99 PROCESSORS Hamilton -0.45-0.40-0.35-0.05 14.33 526.63-0.40 13.27 487.50 Windsor -0.47-0.46-0.43 N/A 14.31 525.89-0.45 13.22 485.66 Winchester -0.82 13.96 513.03-0.75 12.92 474.64 TRANSFER Hamilton -0.37 N/A N/A N/A 14.41 529.57-0.20 13.47 494.85 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.18 14.60 536.550.04 13.71 503.66 Toledo El. -0.24 14.54 534.38-0.28 13.39 491.95 Bank of Canada Noon exchange rate was 0.9956 up 0.0088 Chicago wheat closed slightly lower. JUL12 HI 6.20 3/4 JUL12 HI 6.20 3/4 LOW 5.99 1/2 LOW 5.99 1/2 CLOSE 6.09 1/2 Down 6 CLOSE 6.09 1/2 Down 6 Minni wheat closed slightly lower. JUL12 HI 7.50 SEP12 HI 7.51 1/2 LOW 7.33 LOW 7.36 CLOSE 7.44 Down 1 1/2 CLOSE 7.45 Down 1 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.22 0.52 -0.17 -0.43 CAD $/bu 5.87 6.62 5.92 7.01 CAD $/tonne 215.76 243.21 217.59 257.67 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 -0.60 N/A London -0.50 0.04 -0.50 N/A -0.05 0.15 -0.59 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 -0.62 N/A N/A N/A -0.61 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 -0.56 N/A N/A 0.10 -0.60 N/A Brigden N/A N/A -0.56 N/A N/A 0.10 -0.60 N/A Palmerston N/A 0.21 -0.58 -0.41 N/A 0.25 -0.54 -0.75 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 -0.62 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 0.10N/A 0.52 0.97 0.32N/A Toledo El. 6.04US 6.01CA 6.17US 6.14CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.13 0.67 -0.12 -0.48 CAD $/bu 6.22 6.77 5.97 6.97 CAD $/tonne 228.57 248.70 219.42 256.21 (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 485.69 - 490.10 DDG's FOB Srn, Wndr, Aylm 205.00 - 240.00