FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 9 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0015 up 0.0018 Chicago corn closed moderately lower to lower. JUL12 HI 6.23 DEC12 HI 5.28 3/4 LOW 6.05 1/2 LOW 5.15 CLOSE6.07 1/4 Down 15 3/4 CLOSE 5.16 3/4 Down 11 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 5.62 221.35 -0.75 4.42 173.91 CK High -0.40 5.67 223.32 -0.70 4.47 175.88 CK Avg -0.42 -0.43 5.65 222.59 -0.71 -0.72 4.46 175.48 Essex Cty -0.40 5.67 223.32 -0.70 4.47 175.88 Mdsx Low -0.40 5.67 223.32 -0.70 4.47 175.88 Mdsx High -0.40 5.67 223.32 -0.70 4.47 175.88 Mdsx Avg -0.40 -0.41 5.67 223.32 -0.70 -0.71 4.47 175.88 Hensall -0.43 5.65 222.33 -0.70 4.47 175.88 Bruce -0.40 5.67 223.32 -0.70 4.47 175.88 Putnam -0.40 5.67 223.32 -0.70 4.47 175.88 Burford -0.40 5.67 223.32 -0.70 4.47 175.88 Port Perry -0.40 5.67 223.32 -0.70 4.47 175.88 Norfolk -0.41 5.66 222.92 -0.71 4.46 175.48 Palmerston -0.45 5.62 221.35 -0.75 4.42 173.91 Varna -0.45 5.62 221.35 -0.70 4.47 175.88 Trenton -0.25 5.82 229.22 -0.75 4.42 173.91 Winchester -0.15 5.92 233.16 -0.65 4.52 177.85 North Gower -0.25 5.82 229.22 -0.75 4.42 173.91 Huron FOB -0.40 5.67 223.32 -0.70 4.47 175.88 Kent FOB -0.41 5.66 222.92 -0.71 4.46 175.48 Lamb FOB -0.41 5.66 222.92 -0.71 4.46 175.48 Mdsx FOB -0.40 -0.35 0.50N/A 5.67 223.32 -0.70 4.47 175.88 FOB SW Que 0.30 6.37 250.87 -0.32 4.85 190.84 Track 0.10 6.17 243.00N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.57 179.81 Jhnstwn-Eth N/A N/A N/A N/A -0.40 4.77 187.69 Aylmer-Eth -0.40 -0.35 0.50 0.55 5.67 223.32 -0.60 4.57 179.81 Sarn-Eth N/A -0.15 0.35 0.70 N/A Cllngwd-Eth -0.10N/A N/A N/A 5.97 235.13-0.30* 4.87 191.63 London-Cas N/A N/A 0.80 0.85 -0.50 4.67 183.75 Pt.Colb-Cas N/A N/A 0.85 0.90 -0.45 4.72 185.72 Cardnl-Cas N/A 0.25 1.10 1.15 -0.45 4.72 185.72 W O Feed 0.06 0.06 6.13 241.43 US Rep 0.75 0.75 6.82 268.59 Toledo El. 0.30 6.37 250.90 -0.33 4.84 190.42 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.25 5.82229 2/9 -0.37 4.80188 7/8 MID SD CRN -0.72 1/2 4.44 1/4 HI SD CRN -0.70 4.46 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0015 up 0.0018 Chicago soybeans closed slightly lower. JUL12 HI 14.41 3/4 NOV12 HI 13.46 1/4 LOW 14.13 1/4 LOW 13.18 1/2 CLOSE14.30 1/4 Down 8 CLOSE 13.33 1/2 Down 7 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV12 CK Low -0.75 13.55 497.97-0.78 12.56 461.32 CK High -0.68 13.62 500.54-0.70 12.64 464.26 CK Average -0.72 -0.7513.59 499.19-0.74-0.7612.60 462.91 Essex Cty -0.62 13.68 502.75-0.50 12.84 471.61 Mdsx Low -0.70 13.60 499.81-0.75 12.59 462.42 Mdsx High -0.67 13.63 500.91-0.72 12.62 463.52 Mdsx Average -0.69 -0.7213.62 500.36-0.74-0.7612.60 462.97 Hensall -0.75 13.55 497.97-0.75 12.59 462.42 Bruce -0.70 13.60 499.81-0.75 12.59 462.42 Putnam -0.70 13.60 499.81-0.75 12.59 462.42 Burford -0.67 13.63 500.91-0.72 12.62 463.52 Port Perry -0.70 13.60 499.81-0.75 12.59 462.42 Norfolk -0.68 13.62 500.54-0.73 12.61 463.15 Palmerston -0.85 13.45 494.29-0.85 12.49 458.75 Varna -0.85 13.45 494.29-0.80 12.54 460.58 Trenton -0.73 13.57 498.70-0.60 12.74 467.93 Winchester -0.70 13.60 499.81-0.50 12.84 471.61 North Gower -0.79 13.51 496.50-0.78 12.56 461.32 Huron FOB -0.65 13.65 501.64-0.65 12.69 466.09 Kent FOB -0.72 13.58 499.07-0.78 12.56 461.32 Lambton FOB -0.72 13.58 499.07-0.78 12.56 461.32 Middlesex FOB-0.54-0.49-0.44 N/A 13.76 505.69-0.42 12.92 474.55 PROCESSORS Hamilton -0.15-0.10-0.050.20 14.15 520.02-0.15 13.19 484.47 Windsor -0.39-0.38-0.35 N/A 13.91 511.20-0.33 13.01 477.85 Winchester -0.60 13.70 503.48-0.40 12.94 475.28 TRANSFER Hamilton -0.20 N/A N/A N/A 14.10 518.18-0.05 13.29 488.14 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.10 14.20 521.850.20 13.54 497.33 Toledo El. -0.24 14.06 516.69-0.28 13.05 479.67 Bank of Canada Noon exchange rate was 1.0015 up 0.0018 Chicago wheat closed moderately lower. JUL12 HI 6.18 JUL12 HI 6.18 LOW 5.98 1/4 LOW 5.98 1/4 CLOSE 6.00 Down 15 CLOSE 6.00 Down 15 Minni wheat closed slightly lower. JUL12 HI 7.37 SEP12 HI 7.41 LOW 7.27 1/2 LOW 7.32 CLOSE 7.30 1/4 Down 2 1/4 CLOSE 7.33 1/2 Down 2 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.19 0.56 -0.14 -0.39 CAD $/bu 5.81 6.56 5.86 6.92 CAD $/tonne 213.56 241.18 215.40 254.16 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 0.40 -0.25 N/A N/A 0.30 -0.40 N/A London -0.42 0.13 -0.42 N/A 0.05 0.25 -0.51 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 -0.59 N/A N/A N/A -0.58 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 -0.40 N/A N/A 0.25 -0.44 N/A Brigden N/A N/A -0.40 N/A N/A 0.25 -0.44 N/A Palmerston N/A 0.30 -0.51 -0.38 N/A 0.34 -0.47 -0.66 Varna -0.10 0.05 -0.60 N/A 0.05 0.30 -0.50 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 -0.44 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 -0.05 N/A N/A N/A -0.05 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 0.16N/A 0.56 1.13 0.36N/A Toledo El. 5.94US 5.95CA 6.07US 6.08CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.16 0.71 -0.09 -0.44 CAD $/bu 6.16 6.71 5.91 6.90 CAD $/tonne 226.45 246.70 217.24 253.51 (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 474.00 - 475.10 DDG's FOB Srn, Wndr, Aylm 215.00 - 240.00