FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 14 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0019 up 0.0051 Chicago corn closed slightly higher. JUL12 HI 5.86 3/4 DEC12 HI 5.12 3/4 LOW 5.76 1/4 LOW 5.03 1/4 CLOSE5.83 Up 2 CLOSE 5.05 1/2 Up 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 -0.40 5.43 213.77 -0.70 4.36 171.45 CK High -0.30 5.53 217.71 -0.65 4.41 173.42 CK Avg -0.35 -0.37 5.48 215.74 -0.68 -0.69 4.38 172.43 Essex Cty -0.40 5.43 213.77 -0.75 4.31 169.48 Mdsx Low -0.35 5.48 215.74 -0.70 4.36 171.45 Mdsx High -0.30 5.53 217.71 -0.65 4.41 173.42 Mdsx Avg -0.33 -0.34 5.51 216.72 -0.68 -0.69 4.38 172.43 Hensall -0.38 5.46 214.75 -0.65 4.41 173.42 Bruce -0.35 5.48 215.74 -0.65 4.41 173.42 Putnam -0.35 5.48 215.74 -0.65 4.41 173.42 Burford -0.30 5.53 217.71 -0.70 4.36 171.45 Port Perry -0.30 5.53 217.71 -0.70 4.36 171.45 Norfolk -0.30 5.53 217.71 -0.70 4.36 171.45 Palmerston -0.45 5.38 211.80 -0.75 4.31 169.48 Varna -0.40 5.43 213.77 -0.65 4.41 173.42 Trenton -0.25 5.58 219.67 -0.70 4.36 171.45 Winchester -0.10 5.73 225.58 -0.60 4.46 175.39 North Gower -0.20 5.63 221.64 -0.75 4.31 169.48 Huron FOB -0.35 5.48 215.74 -0.65 4.41 173.42 Kent FOB -0.30 5.53 217.71 -0.70 4.36 171.45 Lamb FOB -0.30 5.53 217.71 -0.70 4.36 171.45 Mdsx FOB -0.30 -0.30 0.45 0.50 5.53 217.71 -0.70 4.36 171.45 FOB SW Que 0.35 6.18 243.30 -0.35 4.71 185.23 Track 0.03 5.86 230.50N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.46 175.39 Jhnstwn-Eth N/A N/A N/A N/A -0.40 4.66 183.26 Aylmer-Eth -0.40 -0.35 0.50 0.55 5.43 213.77 -0.60 4.46 175.39 Sarn-Eth N/A -0.15 0.65 0.70 N/A Cllngwd-Eth -0.10N/A N/A N/A 5.73 225.58-0.30* 4.76 187.20 London-Cas N/A N/A 0.80 0.85 -0.50 4.56 179.32 Pt.Colb-Cas N/A N/A 0.85 0.90 -0.45 4.61 181.29 Cardnl-Cas N/A 0.25 1.10 1.15 -0.45 4.61 181.29 W O Feed 0.08 0.08 5.91 232.67 US Rep 0.70 0.70 6.53 257.07 Toledo El. 0.32 6.15 242.15 -0.33 4.72 185.97 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.24 5.59220 -0.37 4.69184 4/9 MID SD CRN -0.67 1/2 4.38 HI SD CRN -0.65 4.40 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0019 up 0.0051 Chicago soybeans closed moderately lower to lower. JUL12 HI 14.06 3/4 NOV12 HI 13.24 1/4 LOW 13.76 LOW 12.93 1/2 CLOSE13.87 Down 19 CLOSE 12.94 3/4 Down 26 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV12 CK Low -0.80 13.07 480.24-0.80 12.15 446.34 CK High -0.65 13.22 485.75-0.65 12.30 451.86 CK Average -0.70 -0.7413.17 483.98-0.71-0.7512.24 449.71 Essex Cty -0.59 13.28 487.96-0.49 12.46 457.73 Mdsx Low -0.66 13.21 485.38-0.69 12.26 450.39 Mdsx High -0.65 13.22 485.75-0.65 12.30 451.86 Mdsx Average -0.66 -0.7013.22 485.57-0.67-0.7112.28 451.12 Hensall -0.65 13.22 485.75-0.63 12.32 452.77 Bruce -0.65 13.22 485.75-0.65 12.30 451.86 Putnam -0.65 13.22 485.75-0.65 12.30 451.86 Burford -0.66 13.21 485.38-0.69 12.26 450.39 Port Perry -0.69 13.18 484.28-0.72 12.23 449.28 Norfolk -0.66 13.21 485.38-0.70 12.25 450.02 Palmerston -0.65 13.22 485.75-0.65 12.30 451.86 Varna -0.75 13.12 482.08-0.70 12.25 450.02 Trenton -0.75 13.12 482.08-0.64 12.31 452.22 Winchester -0.60 13.27 487.59-0.45 12.50 459.20 North Gower -0.79 13.08 480.61-0.73 12.22 448.92 Huron FOB -0.55 13.32 489.43-0.45 12.50 459.20 Kent FOB -0.70 13.17 483.91-0.75 12.20 448.18 Lambton FOB -0.70 13.17 483.91-0.75 12.20 448.18 Middlesex FOB-0.50-0.50-0.40 N/A 13.37 491.26-0.43 12.52 459.94 PROCESSORS Hamilton -0.20-0.15-0.050.20 13.67 502.29-0.15 12.80 470.23 Windsor -0.36-0.36-0.34 N/A 13.51 496.41-0.26 12.69 466.19 Winchester -0.73 13.14 482.81-0.60 12.35 453.69 TRANSFER Hamilton -0.15 N/A N/A N/A 13.72 504.12-0.05 12.90 473.90 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC -0.15 13.72 504.120.15 13.10 481.25 Toledo El. -0.24 13.63 500.79-0.28 12.67 465.42 Bank of Canada Noon exchange rate was 1.0019 up 0.0051 Chicago wheat closed slightly higher. JUL12 HI 6.02 JUL12 HI 6.02 LOW 5.92 1/4 LOW 5.92 1/4 CLOSE 5.98 1/4 Up 1 1/4 CLOSE 5.98 1/4 Up 1 1/4 Minni wheat closed narrowly mixed. JUL12 HI 7.33 1/4 SEP12 HI 7.33 1/2 LOW 7.24 1/2 LOW 7.25 CLOSE 7.25 3/4 Down 1/2 CLOSE 7.26 1/2 Up 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.18 0.57 -0.13 -0.38 CAD $/bu 5.80 6.55 5.85 6.88 CAD $/tonne 213.13 240.77 214.97 252.75 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 -0.40 N/A London -0.43 0.13 -0.43 N/A 0.04 0.24 -0.51 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 -0.53 N/A N/A N/A -0.47 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 N/A N/A N/A 0.25 -0.40 N/A Brigden N/A N/A N/A N/A N/A 0.25 -0.40 N/A Palmerston N/A 0.29 -0.51 -0.33 N/A 0.33 -0.47 -0.67 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 -0.55 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 0.12N/A 0.57 1.15 0.27N/A Toledo El. 5.92US 5.94CA 6.05US 6.07CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.17 0.72 -0.08 -0.43 CAD $/bu 6.15 6.70 5.90 6.84 CAD $/tonne 226.03 246.30 216.82 251.19 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 325.00 Bayport Oats 315.00 Bayport Barley 320.00 FOB Hm Soymeal 461.33 - 463.53 DDG's FOB Srn, Wndr, Aylm 215.00 - 245.00