FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9935 down 0.0021 Chicago corn closed narrowly mixed. JUL12 HI 6.21 1/4 DEC12 HI 5.26 3/4 LOW 6.12 1/4 LOW 5.15 CLOSE6.20 Down 1/4 CLOSE 5.24 3/4 Up 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 5.75 226.37 -0.75 4.50 177.06 CK High -0.45 5.75 226.37 -0.70 4.55 179.03 CK Avg -0.45 -0.41 5.75 226.37 -0.73 -0.69 4.52 178.04 Essex Cty -0.50 5.70 224.40 -0.70 4.55 179.03 Mdsx Low -0.45 5.75 226.37 -0.75 4.50 177.06 Mdsx High -0.45 5.75 226.37 -0.70 4.55 179.03 Mdsx Avg -0.45 -0.41 5.75 226.37 -0.73 -0.69 4.52 178.04 Hensall -0.45 5.75 226.37 -0.70 4.55 179.03 Bruce -0.45 5.75 226.37 -0.70 4.55 179.03 Putnam -0.45 5.75 226.37 -0.70 4.55 179.03 Burford -0.45 5.75 226.37 -0.75 4.50 177.06 Port Perry -0.45 5.75 226.37 -0.75 4.50 177.06 Norfolk -0.45 5.75 226.37 -0.70 4.55 179.03 Palmerston -0.45 5.75 226.37 -0.75 4.50 177.06 Varna -0.45 5.75 226.37 -0.70 4.55 179.03 Trenton -0.25 5.95 234.24 -0.75 4.50 177.06 Winchester -0.15 6.05 238.18 -0.65 4.60 181.00 North Gower -0.25 5.95 234.24 -0.75 4.50 177.06 Huron FOB -0.40 5.80 228.34 -0.70 4.55 179.03 Kent FOB -0.45 5.75 226.37 -0.70 4.55 179.03 Lamb FOB -0.45 5.75 226.37 -0.70 4.55 179.03 Mdsx FOB -0.45 -0.40 0.50N/A 5.75 226.37 -0.75 4.50 177.06 FOB SW Que 0.35 6.55 257.86 -0.35 4.90 192.81 Track -0.03 6.18 243.10N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.65 182.96 Jhnstwn-Eth N/A N/A N/A N/A -0.40 4.85 190.84 Aylmer-Eth -0.40 -0.35 0.30 0.35 5.80 228.34 -0.60 4.65 182.96 Sarn-Eth N/A -0.25 -0.50 -0.55 N/A Cllngwd-Eth -0.10N/A N/A N/A 6.10 240.15-0.30* 4.95 194.77 London-Cas N/A N/A 0.70 0.75 -0.50 4.75 186.90 Pt.Colb-Cas N/A N/A 0.75 0.80 -0.45 4.80 188.87 Cardnl-Cas N/A 0.15 1.00 1.05 -0.45 4.80 188.87 W O Feed 0.06 0.07 6.26 246.45 US Rep 0.75 0.76 6.95 273.61 Toledo El. 0.26 6.46 254.26 -0.33 4.92 193.67 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.27 5.93233 4/9 -0.43 4.82189 2/3 MID SD CRN -0.72 1/2 4.52 1/4 HI SD CRN -0.70 4.54 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9935 down 0.0021 Chicago soybeans closed moderately lower. JUL12 HI 14.78 3/4 NOV12 HI 13.68 LOW 14.60 1/4 LOW 13.50 CLOSE14.65 3/4 Down 12 1/2 CLOSE 13.53 1/2 Down 13 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV12 CK Low -0.95 13.71 503.66-0.99 12.55 460.95 CK High -0.85 13.81 507.34-0.85 12.69 466.09 CK Average -0.88 -0.7913.78 506.36-0.94-0.8612.60 462.97 Essex Cty -0.49 14.17 520.57-0.48 13.06 479.69 Mdsx Low -0.85 13.81 507.34-0.95 12.59 462.42 Mdsx High -0.85 13.81 507.34-0.86 12.68 465.73 Mdsx Average -0.85 -0.7613.81 507.34-0.91-0.8312.63 464.07 Hensall -0.88 13.78 506.42-0.90 12.64 464.26 Bruce -0.85 13.81 507.34-0.95 12.59 462.42 Putnam -0.85 13.81 507.34-0.95 12.59 462.42 Burford -0.85 13.81 507.34-0.86 12.68 465.73 Port Perry -0.88 13.78 506.24-0.89 12.65 464.62 Norfolk -0.84 13.82 507.71-0.92 12.62 463.52 Palmerston -0.95 13.71 503.66-0.95 12.59 462.42 Varna -0.90 13.76 505.50-0.85 12.69 466.09 Trenton -0.88 13.78 506.24-0.80 12.74 467.93 Winchester -0.83 13.83 508.07-0.78 12.76 468.67 North Gower -0.89 13.77 505.87-0.78 12.76 468.67 Huron FOB -0.75 13.91 511.01-0.75 12.79 469.77 Kent FOB -0.88 13.78 506.24-0.97 12.57 461.68 Lambton FOB -0.88 13.78 506.24-0.97 12.57 461.68 Middlesex FOB-0.69-0.69-0.64 N/A 13.97 513.22-0.51 13.03 478.59 PROCESSORS Hamilton -0.30-0.25-0.150.05 14.36 527.55-0.25 13.29 488.14 Windsor -0.49-0.48-0.45 N/A 14.17 520.57-0.48 13.06 479.69 Winchester -0.70 13.96 512.85-0.66 12.88 473.08 TRANSFER Hamilton -0.37 N/A N/A N/A 14.29 524.98-0.20 13.34 489.98 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 14.51 533.060.05 13.59 499.16 Toledo El. -0.24 14.42 529.80-0.28 13.26 487.10 Bank of Canada Noon exchange rate was 0.9935 down 0.0021 Chicago wheat closed slightly higher. JUL12 HI 6.14 JUL12 HI 6.14 LOW 6.00 3/4 LOW 6.00 3/4 CLOSE 6.12 Up 2 1/2 CLOSE 6.12 Up 2 1/2 Minni wheat closed slightly lower. JUL12 HI 7.41 1/4 SEP12 HI 7.44 LOW 7.32 LOW 7.34 3/4 CLOSE 7.36 Down 8 CLOSE 7.38 1/4 Down 6 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.23 0.51 -0.19 -0.44 CAD $/bu 5.89 6.63 5.93 6.92 CAD $/tonne 216.25 243.64 218.07 254.24 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 -0.50 0.04 -0.50 N/A -0.05 0.15 -0.59 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 -0.63 N/A N/A N/A -0.62 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 -0.60 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 -0.55 0.05 -0.55 N/A 0.05 0.25 -0.55 N/A Thornton N/A N/A N/A -0.57 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 0.11N/A 0.51 1.08 0.31N/A Toledo El. 6.06US 6.02CA 6.19US 6.15CA 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 -0.49 CAD $/bu 6.23 6.78 5.98 6.89 CAD $/tonne 229.03 249.12 219.90 253.23 (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 480.06 - 486.68 DDG's FOB Srn, Wndr, Aylm 205.00 - 240.00