FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9997 up 0.0062 Chicago corn closed slightly higher. JUL12 HI 6.32 DEC12 HI 5.31 LOW 6.18 1/2 LOW 5.20 1/2 CLOSE6.23 Up 3 CLOSE 5.28 Up 3 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 5.78 227.55 -0.75 4.53 178.34 CK High -0.45 5.78 227.55 -0.70 4.58 180.31 CK Avg -0.45 -0.44 5.78 227.55 -0.73 -0.73 4.55 179.13 Essex Cty -0.45 5.78 227.55 -0.70 4.58 180.31 Mdsx Low -0.45 5.78 227.55 -0.75 4.53 178.34 Mdsx High -0.45 5.78 227.55 -0.70 4.58 180.31 Mdsx Avg -0.45 -0.44 5.78 227.55 -0.73 -0.72 4.56 179.32 Hensall -0.45 5.78 227.55 -0.70 4.58 180.31 Bruce -0.45 5.78 227.55 -0.70 4.58 180.31 Putnam -0.45 5.78 227.55 -0.70 4.58 180.31 Burford -0.45 5.78 227.55 -0.75 4.53 178.34 Port Perry -0.45 5.78 227.55 -0.75 4.53 178.34 Norfolk -0.45 5.78 227.55 -0.73 4.55 179.13 Palmerston -0.45 5.78 227.55 -0.75 4.53 178.34 Varna -0.45 5.78 227.55 -0.70 4.58 180.31 Trenton -0.25 5.98 235.42 -0.75 4.53 178.34 Winchester -0.15 6.08 239.36 -0.65 4.63 182.28 North Gower -0.25 5.98 235.42 -0.75 4.53 178.34 Huron FOB -0.40 5.83 229.52 -0.70 4.58 180.31 Kent FOB -0.45 5.78 227.55 -0.73 4.55 179.13 Lamb FOB -0.45 5.78 227.55 -0.73 4.55 179.13 Mdsx FOB -0.45 -0.40 0.50N/A 5.78 227.55 -0.75 4.53 178.34 FOB SW Que 0.35 6.58 259.04 -0.35 4.93 194.09 Track -0.03 6.21 244.28N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.68 184.24 Jhnstwn-Eth N/A N/A N/A N/A -0.40 4.88 192.12 Aylmer-Eth -0.40 -0.35 0.30 0.35 5.83 229.52 -0.60 4.68 184.24 Sarn-Eth N/A -0.25 -0.50 -0.55 N/A Cllngwd-Eth -0.10N/A N/A N/A 6.13 241.33-0.30* 4.98 196.05 London-Cas N/A N/A 0.70 0.75 -0.50 4.78 188.18 Pt.Colb-Cas N/A N/A 0.75 0.80 -0.45 4.83 190.15 Cardnl-Cas N/A 0.15 1.00 1.05 -0.45 4.83 190.15 W O Feed 0.05 0.05 6.28 247.23 US Rep 0.75 0.75 6.98 274.79 Toledo El. 0.30 6.53 257.06 -0.33 4.95 194.88 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.27 5.96234 5/8 -0.43 4.85191 MID SD CRN -0.72 1/2 4.55 1/2 HI SD CRN -0.70 4.58 *Wet Bid Bank of Canada Noon exchange rate was 0.9997 up 0.0062 Chicago soybeans closed moderately lower to lower. JUL12 HI 14.71 1/4 NOV12 HI 13.61 1/4 LOW 14.34 1/4 LOW 13.33 1/4 CLOSE14.38 1/4 Down 27 1/2 CLOSE 13.40 1/2 Down 13 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV12 CK Low -0.85 13.53 497.23-0.93 12.48 458.38 CK High -0.78 13.60 499.81-0.75 12.66 464.99 CK Average -0.81 -0.8013.57 498.70-0.83-0.8212.57 461.93 Essex Cty -0.64 13.74 504.95-0.63 12.78 469.40 Mdsx Low -0.80 13.58 499.07-0.85 12.56 461.32 Mdsx High -0.75 13.63 500.91-0.82 12.59 462.42 Mdsx Average -0.78 -0.7613.61 499.99-0.84-0.8212.57 461.87 Hensall -0.83 13.56 498.15-0.83 12.58 462.24 Bruce -0.80 13.58 499.07-0.85 12.56 461.32 Putnam -0.80 13.58 499.07-0.85 12.56 461.32 Burford -0.77 13.61 500.17-0.82 12.59 462.42 Port Perry -0.78 13.60 499.81-0.85 12.56 461.32 Norfolk -0.79 13.59 499.44-0.80 12.61 463.15 Palmerston -0.85 13.53 497.23-0.85 12.56 461.32 Varna -0.90 13.48 495.40-0.85 12.56 461.32 Trenton -0.80 13.58 499.07-0.72 12.69 466.09 Winchester -0.70 13.68 502.75-0.50 12.91 474.18 North Gower -0.85 13.53 497.23-0.78 12.63 463.89 Huron FOB -0.70 13.68 502.75-0.70 12.71 466.83 Kent FOB -0.83 13.55 497.97-0.85 12.56 461.32 Lambton FOB -0.83 13.55 497.97-0.85 12.56 461.32 Middlesex FOB-0.64-0.64-0.59 N/A 13.74 504.95-0.49 12.92 474.55 PROCESSORS Hamilton -0.25-0.20-0.100.15 14.13 519.28-0.20 13.21 485.20 Windsor -0.41-0.40-0.37 N/A 13.97 513.40-0.40 13.01 477.85 Winchester -0.73 13.65 501.64-0.68 12.73 467.56 TRANSFER Hamilton -0.37 N/A N/A N/A 14.01 514.87-0.20 13.21 485.20 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.05 14.33 526.630.15 13.56 498.06 Toledo El. -0.24 14.14 519.66-0.28 13.13 482.27 Bank of Canada Noon exchange rate was 0.9997 up 0.0062 Chicago wheat closed slightly higher. JUL12 HI 6.21 1/4 JUL12 HI 6.21 1/4 LOW 6.11 1/4 LOW 6.11 1/4 CLOSE 6.15 Up 3 CLOSE 6.15 Up 3 Minni wheat closed slightly lower. JUL12 HI 7.43 SEP12 HI 7.47 1/2 LOW 7.31 LOW 7.33 3/4 CLOSE 7.32 1/2 Down 3 1/2 CLOSE 7.36 1/4 Down 2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.21 0.54 -0.16 -0.41 CAD $/bu 5.94 6.69 5.99 6.92 CAD $/tonne 218.43 245.96 220.26 254.22 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 -0.46 0.09 -0.46 N/A -0.01 0.19 -0.56 N/A Hensall -0.45 N/A -0.45 N/A 0.10 N/A -0.40 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 -0.60 N/A N/A N/A -0.59 N/A Norwich -0.45 N/A -0.45 N/A 0.10 N/A -0.40 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.45 N/A -0.45 N/A 0.10 N/A -0.50 N/A Chatham N/A N/A -0.45 N/A N/A 0.20 -0.49 N/A Brigden N/A N/A -0.45 N/A N/A 0.20 -0.49 N/A Palmerston N/A 0.26 -0.54 -0.38 N/A 0.30 -0.50 -0.70 Varna -0.10 0.05 -0.65 N/A 0.00 0.30 -0.55 N/A Mitchell -0.40 0.05 -0.45 N/A 0.10 0.30 -0.40 N/A Thornton N/A N/A N/A -0.39 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 0.14N/A 0.54 1.11 0.34N/A Toledo El. 6.09US 6.08CA 6.22US 6.21CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.14 0.69 -0.11 -0.46 CAD $/bu 6.29 6.84 6.04 6.91 CAD $/tonne 231.28 251.47 222.10 253.76 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 320.00 - 325.00 Bayport Oats 320.00 Bayport Barley 315.00 FOB Hm Soymeal 469.92 - 476.54 DDG's FOB Srn, Wndr, Aylm 215.00 - 240.00