FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 29 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0253 up 0.0012 Chicago corn closed slightly lower to lower. JUL12 HI 5.83 3/4 DEC12 HI 5.24 LOW 5.57 LOW 5.09 1/2 CLOSE5.61 3/4 Down 16 3/4 CLOSE 5.14 1/2 Down 7 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 5.42 213.28 -0.62 4.53 178.14 CK High -0.15 5.47 215.25 -0.60 4.55 178.93 CK Avg -0.16 -0.30 5.46 214.79 -0.60 -0.73 4.54 178.80 Essex Cty -0.15 5.47 215.25 -0.70 4.45 174.99 Mdsx Low -0.15 5.47 215.25 -0.60 4.55 178.93 Mdsx High -0.15 5.47 215.25 -0.60 4.55 178.93 Mdsx Avg -0.15 -0.29 5.47 215.25 -0.60 -0.73 4.55 178.93 Hensall -0.18 5.44 214.26 -0.60 4.55 178.93 Bruce -0.15 5.47 215.25 -0.60 4.55 178.93 Putnam -0.15 5.47 215.25 -0.60 4.55 178.93 Burford -0.15 5.47 215.25 -0.60 4.55 178.93 Port Perry -0.15 5.47 215.25 -0.60 4.55 178.93 Norfolk -0.15 5.47 215.25 -0.62 4.53 178.14 Palmerston -0.25 5.37 211.31 -0.60 4.55 178.93 Varna -0.20 5.42 213.28 -0.60 4.55 178.93 Trenton 0.05 5.67 223.12 -0.65 4.50 176.96 Winchester 0.20 5.82 229.02 -0.50 4.65 182.87 North Gower -0.10 5.52 217.21 -0.65 4.50 176.96 Huron FOB -0.15 5.47 215.25 -0.55 4.60 180.90 Kent FOB -0.15 5.47 215.25 -0.62 4.53 178.14 Lamb FOB -0.15 5.47 215.25 -0.62 4.53 178.14 Mdsx FOB -0.15 -0.10N/A N/A 5.47 215.25 -0.60 4.55 178.93 FOB SW Que 0.40 6.02 236.90 -0.15 5.00 196.64 Track 0.15 5.77 227.06N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.45 4.70 184.83 Jhnstwn-Eth N/A N/A N/A N/A -0.25 4.90 192.71 Aylmer-Eth -0.40 -0.35 0.50 0.55 5.22 205.40 -0.60 4.55 178.93 Sarn-Eth N/A 0.00 0.80 0.85 N/A Cllngwd-Eth -0.10N/A N/A N/A 5.52 217.21-0.30* 4.85 190.74 London-Cas N/A N/A 0.80 0.85 -0.50 4.65 182.87 Pt.Colb-Cas N/A N/A 0.85 0.90 -0.45 4.70 184.83 Cardnl-Cas N/A N/A 1.05 1.15 -0.45 4.70 184.83 W O Feed 0.15 0.12 5.77 227.06 US Rep 0.95 0.92 6.57 258.55 Toledo El. 0.33 5.95 234.06 -0.34 4.81 189.24 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.06 5.68223 1/2 -0.25 4.90192 5/7 MID SD CRN -0.61 4.53 1/2 HI SD CRN -0.60 4.54 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0253 up 0.0012 Chicago soybeans closed slightly higher. JUL12 HI 14.02 NOV12 HI 13.07 3/4 LOW 13.79 1/4 LOW 12.85 CLOSE13.85 1/2 Up 3 1/2 CLOSE 12.93 Up 3 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG12 CK Low -0.40 13.46 494.39-0.45 12.48 458.56 CK High -0.22 13.64 501.00-0.35 12.58 462.24 CK Average -0.28 -0.6213.58 498.80-0.42-0.7312.51 459.79 Essex Cty -0.11 13.75 505.04-0.22 12.71 467.01 Mdsx Low -0.28 13.58 498.80-0.40 12.53 460.40 Mdsx High -0.25 13.61 499.90-0.36 12.57 461.87 Mdsx Average -0.27 -0.6013.59 499.35-0.38-0.7012.55 461.13 Hensall -0.28 13.58 498.98-0.38 12.56 461.32 Bruce -0.25 13.61 499.90-0.40 12.53 460.40 Putnam -0.25 13.61 499.90-0.40 12.53 460.40 Burford -0.28 13.58 498.80-0.36 12.57 461.87 Port Perry -0.31 13.55 497.69-0.39 12.54 460.77 Norfolk -0.18 13.68 502.47-0.40 12.53 460.40 Palmerston -0.25 13.61 499.90-0.30 12.63 464.07 Varna -0.40 13.46 494.39-0.40 12.53 460.40 Trenton -0.42 13.44 493.65-0.45 12.48 458.56 Winchester -0.48 13.38 491.45-0.35 12.58 462.24 North Gower -0.49 13.37 491.08-0.23 12.70 466.65 Huron FOB -0.20 13.66 501.74-0.25 12.68 465.91 Kent FOB -0.22 13.64 501.00-0.45 12.48 458.56 Lambton FOB -0.22 13.64 501.00-0.45 12.48 458.56 Middlesex FOB-0.23-0.17-0.10 N/A 13.63 500.63-0.12 12.81 470.69 PROCESSORS Hamilton 0.10 0.20 0.25 0.45 13.96 512.760.10 13.03 478.77 Windsor 0.12 0.13 0.14 N/A 13.98 513.490.01 12.94 475.46 Winchester -0.20 13.66 501.74-0.15 12.78 469.58 TRANSFER Hamilton 0.35 N/A N/A N/A 14.21 521.940.30 13.23 486.12 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.20 14.06 516.430.40 13.33 489.79 Toledo El. -0.17 13.68 502.68-0.29 12.64 464.56 Bank of Canada Noon exchange rate was 1.0253 up 0.0012 Chicago wheat closed lower. JUL12 HI 6.84 JUL12 HI 6.84 LOW 6.55 1/4 LOW 6.55 1/4 CLOSE 6.56 3/4 Down 23 1/4 CLOSE 6.56 3/4 Down 23 1/4 Minni wheat closed moderately lower. JUL12 HI 7.89 SEP12 HI 7.85 1/2 LOW 7.66 1/2 LOW 7.65 CLOSE 7.69 Down 17 1/4 CLOSE 7.68 1/4 Down 14 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.04 0.72 0.01 -0.22 CAD $/bu 6.52 7.29 6.57 7.47 CAD $/tonne 239.69 267.93 241.58 274.42 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 0.40 -0.25 N/A London -0.34 0.22 -0.44 N/A 0.19 0.34 -0.38 N/A Hensall -0.30 N/A -0.30 N/A 0.20 N/A -0.25 N/A Trenton N/A N/A N/A N/A N/A N/A -0.45 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.38 Essex N/A N/A -0.50 N/A N/A N/A -0.44 N/A Norwich -0.30 N/A -0.30 N/A 0.20 N/A -0.25 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.35 N/A -0.35 N/A 0.20 N/A -0.35 N/A Chatham N/A N/A -0.35 N/A N/A 0.40 -0.35 N/A Brigden N/A N/A -0.35 N/A N/A 0.40 -0.35 N/A Palmerston N/A 0.46 -0.36 -0.14 N/A 0.50 -0.32 -0.49 Varna 0.35 0.55 -0.30 N/A 0.35 0.55 -0.30 N/A Mitchell -0.30 0.05 -0.30 N/A 0.20 0.50 -0.25 N/A Thornton N/A N/A N/A -0.70 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.34 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.10 N/A N/A N/A -0.15 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 0.26N/A 0.72 1.34 0.42N/A Toledo El. 6.59US 6.75CA 6.59US 6.75CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.31 0.88 0.06 -0.27 CAD $/bu 6.88 7.45 6.63 7.41 CAD $/tonne 252.87 273.57 243.46 272.26 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 325.00 - 330.00 Bayport Oats 315.00 Bayport Barley 315.00 FOB Hm Soymeal 488.11 - 490.32 DDG's FOB Srn, Wndr, Aylm 225.00 - 252.00