FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, May 18 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.021 up 0.0046 Chicago corn closed moderately higher. JUL12 HI 6.38 1/2 DEC12 HI 5.42 1/2 LOW 6.19 1/2 LOW 5.22 CLOSE6.35 1/2 Up 10 1/2 CLOSE 5.37 Up 8 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL12+SEP12+SEP12 CK Low -0.20 6.16 242.31 -0.70 4.67 183.85 CK High -0.20 6.16 242.31 -0.60 4.77 187.79 CK Avg -0.20 -0.34 6.16 242.31 -0.65 -0.77 4.72 185.75 Essex Cty -0.20 6.16 242.31 -0.65 4.72 185.82 Mdsx Low -0.20 6.16 242.31 -0.70 4.67 183.85 Mdsx High -0.20 6.16 242.31 -0.65 4.72 185.82 Mdsx Avg -0.20 -0.34 6.16 242.31 -0.68 -0.79 4.70 184.83 Hensall -0.20 6.16 242.31 -0.63 4.75 186.80 Bruce -0.20 6.16 242.31 -0.65 4.72 185.82 Putnam -0.20 6.16 242.31 -0.65 4.72 185.82 Burford -0.20 6.16 242.31 -0.70 4.67 183.85 Port Perry -0.20 6.16 242.31 -0.70 4.67 183.85 Norfolk -0.20 6.16 242.31 -0.66 4.71 185.42 Palmerston -0.25 6.11 240.34 -0.60 4.77 187.79 Varna -0.25 6.11 240.34 -0.60 4.77 187.79 Trenton -0.05 6.31 248.22 -0.65 4.72 185.82 Winchester 0.10 6.46 254.12 -0.50 4.87 191.72 North Gower -0.25 6.11 240.34 -0.75 4.62 181.88 Huron FOB -0.15 6.21 244.28 -0.55 4.82 189.76 Kent FOB -0.20 6.16 242.31 -0.66 4.71 185.42 Lamb FOB -0.20 6.16 242.31 -0.66 4.71 185.42 Mdsx FOB -0.20 -0.20 0.50N/A 6.16 242.31 -0.70 4.67 183.85 FOB SW Que 0.45 6.81 267.90 -0.25 5.12 201.57 Track 0.15 6.51 256.09N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.77 187.79 Jhnstwn-Eth N/A N/A N/A N/A -0.40 4.97 195.66 Aylmer-Eth -0.40 -0.35 0.50 0.55 5.96 234.44 -0.60 4.77 187.79 Sarn-Eth N/A -0.10 0.70 0.75 N/A Cllngwd-Eth -0.10N/A N/A N/A 6.26 246.25-0.30* 5.07 199.60 London-Cas N/A N/A 0.80 0.85 -0.50 4.87 191.72 Pt.Colb-Cas N/A N/A 0.85 0.90 -0.45 4.92 193.69 Cardnl-Cas N/A 0.25 1.10 1.15 -0.45 4.92 193.69 W O Feed 0.08 0.06 6.44 253.49 US Rep 0.70 0.68 7.06 277.74 Toledo El. 0.33 6.68 263.06 -0.34 5.03 198.13 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.15 6.21244 2/7 -0.30 5.07199 3/5 MID SD CRN -0.65 1 4.72 HI SD CRN -0.60 4.77 *Wet Bid Bank of Canada Noon exchange rate was 1.021 up 0.0046 Chicago soybeans closed slightly lower to lower. JUL12 HI 14.38 3/4 NOV12 HI 13.17 1/2 LOW 14.05 LOW 12.88 CLOSE14.05 Down 33 CLOSE 12.88 Down 18 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV12 CK Low -0.55 13.50 496.04-0.60 12.28 451.21 CK High -0.43 13.62 500.45-0.45 12.43 456.72 CK Average -0.50 -0.8013.56 498.06-0.54-0.8212.34 453.54 Essex Cty -0.22 13.83 508.17-0.25 12.63 464.07 Mdsx Low -0.55 13.50 496.04-0.60 12.28 451.21 Mdsx High -0.40 13.65 501.55-0.51 12.37 454.52 Mdsx Average -0.48 -0.7813.58 498.80-0.56-0.8312.33 452.87 Hensall -0.53 13.53 496.96-0.55 12.33 453.05 Bruce -0.55 13.50 496.04-0.60 12.28 451.21 Putnam -0.45 13.60 499.71-0.50 12.38 454.89 Burford -0.40 13.65 501.55-0.54 12.34 453.42 Port Perry -0.43 13.62 500.45-0.54 12.34 453.42 Norfolk -0.39 13.66 501.92-0.50 12.38 454.89 Palmerston -0.55 13.50 496.04-0.45 12.43 456.72 Varna -0.50 13.55 497.88-0.45 12.43 456.72 Trenton -0.50 13.55 497.88-0.50 12.38 454.89 Winchester -0.10 13.95 512.57-0.35 12.53 460.40 North Gower -0.59 13.46 494.57-0.43 12.45 457.46 Huron FOB -0.40 13.65 501.55-0.40 12.48 458.56 Kent FOB -0.43 13.62 500.45-0.55 12.33 453.05 Lambton FOB -0.43 13.62 500.45-0.55 12.33 453.05 Middlesex FOB-0.26-0.21-0.21 N/A 13.79 506.70-0.22 12.66 465.18 PROCESSORS Hamilton 0.00 0.05 15.000.40 14.05 516.25-0.05 12.83 471.42 Windsor 0.01 0.02 0.03 N/A 14.06 516.62-0.02 12.86 472.52 Winchester -0.48 13.57 498.61-0.25 12.63 464.07 TRANSFER Hamilton 0.10 N/A N/A N/A 14.15 519.920.15 13.03 478.77 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.15 14.20 521.760.45 13.33 489.79 Toledo El. -0.25 13.80 507.24-0.29 12.59 462.75 Bank of Canada Noon exchange rate was 1.021 up 0.0046 Chicago wheat closed higher. JUL12 HI 6.97 1/2 JUL12 HI 6.97 1/2 LOW 6.52 1/2 LOW 6.52 1/2 CLOSE 6.95 1/4 Up 37 1/2 CLOSE 6.95 1/4 Up 37 1/2 Minni wheat closed higher. JUL12 HI 8.07 1/4 SEP12 HI 8.05 LOW 7.65 1/4 LOW 7.62 CLOSE 7.92 Up 24 3/4 CLOSE 7.88 1/2 Up 24 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.05 0.71 0.00 -0.24 CAD $/bu 6.90 7.66 6.95 7.68 CAD $/tonne 253.49 281.64 255.36 282.30 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 0.30 -0.30 N/A London -0.34 0.22 -0.39 N/A 0.13 0.34 -0.43 N/A Hensall -0.15 N/A -0.35 N/A 0.25 N/A -0.30 N/A Trenton N/A N/A N/A N/A N/A N/A -0.50 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.38 Essex N/A N/A -0.40 N/A N/A N/A -0.34 N/A Norwich -0.15 N/A -0.35 N/A 0.25 N/A -0.30 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.15 N/A -0.40 N/A 0.25 N/A -0.35 N/A Chatham N/A N/A -0.45 N/A N/A 0.30 -0.45 N/A Brigden N/A N/A -0.45 N/A N/A 0.30 -0.45 N/A Palmerston N/A 0.38 -0.43 -0.23 N/A 0.42 -0.39 -0.58 Varna 0.35 0.55 -0.30 N/A 0.35 0.55 -0.30 N/A Mitchell -0.15 0.05 -0.35 N/A 0.25 0.55 -0.25 N/A Thornton N/A N/A N/A -0.21 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 0.25N/A 0.71 1.19 0.41N/A Toledo El. 6.89US 7.04CA 6.97US 7.12CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.30 0.87 0.05 -0.29 CAD $/bu 7.26 7.82 7.00 7.60 CAD $/tonne 266.62 287.27 257.24 279.11 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 325.00 Bayport Oats 320.00 Bayport Barley 320.00 FOB Hm Soymeal 486.02 - 489.32 DDG's FOB Srn, Wndr, Aylm 215.00 - 245.00