FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 21 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.021 up 0.0000 Chicago corn closed mixed. JUL12 HI 6.44 1/2 DEC12 HI 5.49 1/2 LOW 6.28 3/4 LOW 5.34 3/4 CLOSE6.33 Down 2 1/2 CLOSE 5.40 1/2 Up 3 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +JUL12+SEP12+SEP12 CK Low -0.20 6.13 241.33 -0.70 4.71 185.23 CK High -0.20 6.13 241.33 -0.60 4.81 189.16 CK Avg -0.20 -0.32 6.13 241.33 -0.65 -0.75 4.75 187.13 Essex Cty -0.20 6.13 241.33 -0.65 4.76 187.20 Mdsx Low -0.20 6.13 241.33 -0.70 4.71 185.23 Mdsx High -0.20 6.13 241.33 -0.65 4.76 187.20 Mdsx Avg -0.20 -0.32 6.13 241.33 -0.68 -0.77 4.73 186.21 Hensall -0.20 6.13 241.33 -0.63 4.78 188.18 Bruce -0.20 6.13 241.33 -0.65 4.76 187.20 Putnam -0.20 6.13 241.33 -0.65 4.76 187.20 Burford -0.20 6.13 241.33 -0.70 4.71 185.23 Port Perry -0.20 6.13 241.33 -0.70 4.71 185.23 Norfolk -0.20 6.13 241.33 -0.66 4.75 186.80 Palmerston -0.25 6.08 239.36 -0.60 4.81 189.16 Varna -0.25 6.08 239.36 -0.60 4.81 189.16 Trenton -0.05 6.28 247.23 -0.65 4.76 187.20 Winchester 0.10 6.43 253.14 -0.50 4.91 193.10 North Gower -0.25 6.08 239.36 -0.75 4.66 183.26 Huron FOB -0.15 6.18 243.30 -0.55 4.86 191.13 Kent FOB -0.20 6.13 241.33 -0.66 4.75 186.80 Lamb FOB -0.20 6.13 241.33 -0.66 4.75 186.80 Mdsx FOB -0.20 -0.20 0.50N/A 6.13 241.33 -0.70 4.71 185.23 FOB SW Que 0.45 6.78 266.92 -0.25 5.16 202.94 Track 0.15 6.48 255.11N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.60 4.81 189.16 Jhnstwn-Eth N/A N/A N/A N/A -0.40 5.01 197.04 Aylmer-Eth -0.40 -0.35 0.50 0.55 5.93 233.45 -0.60 4.81 189.16 Sarn-Eth N/A -0.10 0.70 0.75 N/A Cllngwd-Eth -0.10N/A N/A N/A 6.23 245.26-0.30* 5.11 200.97 London-Cas N/A N/A 0.80 0.85 -0.50 4.91 193.10 Pt.Colb-Cas N/A N/A 0.85 0.90 -0.45 4.96 195.07 Cardnl-Cas N/A 0.25 1.10 1.15 -0.45 4.96 195.07 W O Feed 0.08 0.06 6.41 252.51 US Rep 0.70 0.68 7.03 276.76 Toledo El. 0.33 6.66 262.03 -0.34 5.07 199.56 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton -0.15 6.18243 2/7 -0.30 5.11201 MID SD CRN -0.65 1 4.75 1/2 HI SD CRN -0.60 4.80 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.021 up 0.0000 Chicago soybeans closed slightly to moderately higher. JUL12 HI 14.23 NOV12 HI 13.14 3/4 LOW 14.08 1/2 LOW 12.94 1/4 CLOSE14.12 1/2 Up 7 1/2 CLOSE 13.06 1/4 Up 18 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV12 CK Low -0.55 13.58 498.80-0.60 12.46 457.92 CK High -0.43 13.70 503.21-0.45 12.61 463.43 CK Average -0.50 -0.7513.63 500.82-0.54-0.7812.53 460.25 Essex Cty -0.22 13.91 510.92-0.25 12.81 470.78 Mdsx Low -0.55 13.58 498.80-0.60 12.46 457.92 Mdsx High -0.40 13.73 504.31-0.51 12.55 461.23 Mdsx Average -0.48 -0.7313.65 501.55-0.56-0.7912.51 459.57 Hensall -0.53 13.60 499.71-0.55 12.51 459.76 Bruce -0.55 13.58 498.80-0.60 12.46 457.92 Putnam -0.45 13.68 502.47-0.50 12.56 461.59 Burford -0.40 13.73 504.31-0.54 12.52 460.12 Port Perry -0.43 13.70 503.21-0.54 12.52 460.12 Norfolk -0.39 13.74 504.67-0.50 12.56 461.59 Palmerston -0.55 13.58 498.80-0.45 12.61 463.43 Varna -0.50 13.63 500.63-0.45 12.61 463.43 Trenton -0.50 13.63 500.63-0.50 12.56 461.59 Winchester -0.10 14.03 515.33-0.35 12.71 467.10 North Gower -0.59 13.54 497.33-0.43 12.63 464.16 Huron FOB -0.40 13.73 504.31-0.40 12.66 465.27 Kent FOB -0.43 13.70 503.21-0.55 12.51 459.76 Lambton FOB -0.43 13.70 503.21-0.55 12.51 459.76 Middlesex FOB-0.26-0.21-0.21 N/A 13.87 509.45-0.22 12.84 471.88 PROCESSORS Hamilton 0.00 0.05 15.000.40 14.13 519.00-0.05 13.01 478.13 Windsor 0.01 0.02 0.03 N/A 14.14 519.37-0.02 13.04 479.23 Winchester -0.48 13.65 501.37-0.25 12.81 470.78 TRANSFER Hamilton 0.10 N/A N/A N/A 14.23 522.680.15 13.21 485.48 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.15 14.28 524.520.45 13.51 496.50 Toledo El. -0.24 13.88 510.02-0.29 12.78 469.49 Bank of Canada Noon exchange rate was 1.021 up 0.0000 Chicago wheat closed slightly higher. JUL12 HI 7.22 JUL12 HI 7.22 LOW 6.82 3/4 LOW 6.82 3/4 CLOSE 7.04 Up 8 3/4 CLOSE 7.04 Up 8 3/4 Minni wheat closed slightly higher. JUL12 HI 8.10 SEP12 HI 8.07 LOW 7.92 LOW 7.88 CLOSE 7.96 3/4 Up 4 3/4 CLOSE 7.95 Up 6 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.07 0.69 -0.02 -0.26 CAD $/bu 6.97 7.73 7.02 7.71 CAD $/tonne 255.93 284.00 257.80 283.15 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 0.23N/A 0.69 1.17 0.38N/A Toledo El. 6.98US 7.11CA 7.06US 7.19CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.28 0.84 0.03 -0.31 CAD $/bu 7.32 7.88 7.07 7.64 CAD $/tonne 269.03 289.61 259.68 280.63 (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 484.47 - 487.78 DDG's FOB Srn, Wndr, Aylm 215.00 - 245.00