FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 11 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9968 down 0.0049 Chicago corn closed slightly lower. JUL12 HI 5.92 1/2 DEC12 HI 5.11 LOW 5.72 1/4 LOW 4.99 CLOSE5.81 Down 6 1/2 CLOSE 5.05 1/4 Down 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 -0.40 5.41 212.98 -0.70 4.35 171.35 CK High -0.30 5.51 216.92 -0.65 4.40 173.32 CK Avg -0.38 -0.38 5.44 213.97 -0.68 -0.68 4.38 172.33 Essex Cty -0.45 5.36 211.01 -0.70 4.35 171.35 Mdsx Low -0.40 5.41 212.98 -0.70 4.35 171.35 Mdsx High -0.30 5.51 216.92 -0.65 4.40 173.32 Mdsx Avg -0.35 -0.36 5.46 214.95 -0.68 -0.68 4.38 172.33 Hensall -0.40 5.41 212.98 -0.65 4.40 173.32 Bruce -0.40 5.41 212.98 -0.65 4.40 173.32 Putnam -0.40 5.41 212.98 -0.65 4.40 173.32 Burford -0.30 5.51 216.92 -0.70 4.35 171.35 Port Perry -0.30 5.51 216.92 -0.70 4.35 171.35 Norfolk -0.35 5.46 214.95 -0.70 4.35 171.35 Palmerston -0.45 5.36 211.01 -0.75 4.30 169.38 Varna -0.45 5.36 211.01 -0.65 4.40 173.32 Trenton -0.25 5.56 218.89 -0.70 4.35 171.35 Winchester -0.10 5.71 224.79 -0.60 4.45 175.29 North Gower -0.25 5.56 218.89 -0.70 4.35 171.35 Huron FOB -0.35 5.46 214.95 -0.65 4.40 173.32 Kent FOB -0.35 5.46 214.95 -0.70 4.35 171.35 Lamb FOB -0.35 5.46 214.95 -0.70 4.35 171.35 Mdsx FOB -0.30 -0.30 0.45 0.50 5.51 216.92 -0.70 4.35 171.35 FOB SW Que 0.35 6.16 242.51 -0.35 4.70 185.13 Track 0.10 5.91 232.67N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.45 175.29 Jhnstwn-Eth N/A N/A N/A N/A -0.40 4.65 183.16 Aylmer-Eth -0.40 -0.35 0.50 0.55 5.41 212.98 -0.60 4.45 175.29 Sarn-Eth N/A -0.15 0.65 0.70 N/A Cllngwd-Eth -0.10N/A N/A N/A 5.71 224.79-0.30* 4.75 187.10 London-Cas N/A N/A 0.80 0.85 -0.50 4.55 179.22 Pt.Colb-Cas N/A N/A 0.85 0.90 -0.45 4.60 181.19 Cardnl-Cas N/A 0.25 1.10 1.15 -0.45 4.60 181.19 W O Feed 0.08 0.08 5.89 231.88 US Rep 0.70 0.70 6.51 256.29 Toledo El. 0.32 6.13 241.34 -0.33 4.72 185.90 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.27 5.54218 1/9 -0.39 4.66183 5/9 MID SD CRN -0.67 1/2 4.37 3/4 HI SD CRN -0.65 4.40 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9968 down 0.0049 Chicago soybeans closed lower to sharply lower. JUL12 HI 14.61 3/4 NOV12 HI 13.66 1/2 LOW 14.02 1/2 LOW 13.18 3/4 CLOSE14.06 Down 49 1/4 CLOSE 13.21 1/4 Down 37 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV12 CK Low -0.80 13.26 487.22-0.94 12.27 450.94 CK High -0.75 13.31 489.06-0.72 12.49 459.02 CK Average -0.77 -0.7913.29 488.32-0.80-0.8212.41 455.96 Essex Cty -0.63 13.43 493.47-0.52 12.69 466.37 Mdsx Low -0.76 13.30 488.69-0.80 12.41 456.08 Mdsx High -0.75 13.31 489.06-0.75 12.46 457.92 Mdsx Average -0.76 -0.7713.31 488.88-0.78-0.7912.44 457.00 Hensall -0.75 13.31 489.06-0.73 12.49 458.84 Bruce -0.75 13.31 489.06-0.75 12.46 457.92 Putnam -0.75 13.31 489.06-0.75 12.46 457.92 Burford -0.65 13.41 492.73-0.76 12.45 457.55 Port Perry -0.79 13.27 487.59-0.83 12.38 454.98 Norfolk -0.74 13.32 489.43-0.78 12.43 456.82 Palmerston -0.80 13.26 487.22-0.75 12.46 457.92 Varna -0.77 13.29 488.32-0.70 12.51 459.76 Trenton -0.80 13.26 487.22-0.70 12.51 459.76 Winchester -0.83 13.23 486.12-0.70 12.51 459.76 North Gower -0.89 13.17 483.91-0.73 12.48 458.65 Huron FOB -0.60 13.46 494.57-0.60 12.61 463.43 Kent FOB -0.78 13.28 487.96-0.83 12.38 454.98 Lambton FOB -0.78 13.28 487.96-0.83 12.38 454.98 Middlesex FOB-0.60-0.60-0.50 N/A 13.46 494.57-0.54 12.67 465.63 PROCESSORS Hamilton -0.30-0.25-0.150.10 13.76 505.59-0.25 12.96 476.29 Windsor -0.40-0.38-0.35 N/A 13.66 501.92-0.29 12.92 474.82 Winchester -0.70 13.36 490.90-0.65 12.56 461.59 TRANSFER Hamilton -0.25 N/A N/A N/A 13.81 507.43-0.10 13.11 481.80 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 13.91 511.110.15 13.36 490.99 Toledo El. -0.24 13.82 507.79-0.28 12.93 475.17 Bank of Canada Noon exchange rate was 0.9968 down 0.0049 Chicago wheat closed slightly lower. JUL12 HI 6.04 JUL12 HI 6.04 LOW 5.92 1/4 LOW 5.92 1/4 CLOSE 5.97 Down 4 1/4 CLOSE 5.97 Down 4 1/4 Minni wheat closed slightly lower. JUL12 HI 7.33 3/4 SEP12 HI 7.35 LOW 7.23 1/4 LOW 7.25 CLOSE 7.26 1/4 Down 1 CLOSE 7.26 Down 5 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.19 0.56 -0.14 -0.39 CAD $/bu 5.78 6.53 5.83 6.87 CAD $/tonne 212.29 239.88 214.13 252.48 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 N/A N/A N/A 0.25 -0.45 N/A London -0.47 0.08 -0.47 N/A -0.01 0.19 -0.56 N/A Hensall -0.50 N/A -0.50 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 -0.50 N/A -0.50 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 -0.50 N/A -0.50 N/A 0.10 N/A -0.50 N/A Chatham N/A N/A -0.50 N/A N/A 0.23 -0.50 N/A Brigden N/A N/A -0.50 N/A N/A 0.23 -0.50 N/A Palmerston N/A 0.25 -0.54 -0.37 N/A 0.29 -0.50 -0.71 Varna -0.10 0.45 -0.50 N/A 0.00 0.45 -0.50 N/A Mitchell -0.50 0.05 -0.50 N/A 0.10 0.30 -0.40 N/A Thornton N/A N/A N/A -0.66 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 1.21 0.36N/A Toledo El. 5.91US 5.92CA 6.04US 6.05CA 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 6.13 6.68 5.88 6.82 CAD $/tonne 225.16 245.40 215.97 250.55 (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 465.73 - 469.04 DDG's FOB Srn, Wndr, Aylm 215.00 - 245.00