FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 30 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0286 up 0.0033 Chicago corn closed mixed. JUL12 HI 5.68 1/4 DEC12 HI 5.22 1/2 LOW 5.53 1/2 LOW 5.11 1/2 CLOSE5.60 1/4 Down 2 1/4 CLOSE 5.21 1/2 Up 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 5.40 212.69 -0.60 4.62 181.68 CK High -0.10 5.50 216.62 -0.59 4.63 182.08 CK Avg -0.14 -0.31 5.46 214.98 -0.60 -0.76 4.62 181.75 Essex Cty -0.10 5.50 216.62 -0.70 4.52 177.75 Mdsx Low -0.15 5.45 214.66 -0.60 4.62 181.68 Mdsx High -0.15 5.45 214.66 -0.60 4.62 181.68 Mdsx Avg -0.15 -0.32 5.45 214.66 -0.60 -0.76 4.62 181.68 Hensall -0.18 5.43 213.67 -0.60 4.62 181.68 Bruce -0.15 5.45 214.66 -0.60 4.62 181.68 Putnam -0.15 5.45 214.66 -0.60 4.62 181.68 Burford -0.15 5.45 214.66 -0.60 4.62 181.68 Port Perry -0.15 5.45 214.66 -0.60 4.62 181.68 Norfolk -0.10 5.50 216.62 -0.59 4.63 182.08 Palmerston -0.25 5.35 210.72 -0.60 4.62 181.68 Varna -0.20 5.40 212.69 -0.60 4.62 181.68 Trenton 0.10 5.70 224.50 -0.65 4.57 179.72 Winchester 0.20 5.80 228.43 -0.50 4.72 185.62 North Gower -0.10 5.50 216.62 -0.65 4.57 179.72 Huron FOB -0.15 5.45 214.66 -0.55 4.67 183.65 Kent FOB -0.10 5.50 216.62 -0.59 4.63 182.08 Lamb FOB -0.10 5.50 216.62 -0.59 4.63 182.08 Mdsx FOB -0.15 -0.10N/A N/A 5.45 214.66 -0.60 4.62 181.68 FOB SW Que 0.65 6.25 246.15 -0.20 5.02 197.43 Track 0.15 5.75 226.47N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.45 4.77 187.59 Jhnstwn-Eth N/A N/A N/A N/A -0.25 4.97 195.46 Aylmer-Eth -0.40 -0.35 0.50 0.55 5.20 204.81 -0.60 4.62 181.68 Sarn-Eth N/A 0.00 0.70 0.75 N/A Cllngwd-Eth -0.10N/A N/A N/A 5.50 216.62-0.30* 4.92 193.49 London-Cas N/A N/A 0.80 0.85 -0.50 4.72 185.62 Pt.Colb-Cas N/A N/A 0.85 0.90 -0.45 4.77 187.59 Cardnl-Cas N/A N/A 1.05 1.15 -0.45 4.77 187.59 W O Feed 0.16 0.13 5.76 226.86 US Rep 0.95 0.92 6.55 257.96 Toledo El. 0.33 5.93 233.54 -0.34 4.87 191.92 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.15 5.75226 1/2 -0.35 4.87191 1/2 MID SD CRN -0.59 1/2 4.62 HI SD CRN -0.59 4.62 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0286 up 0.0033 Chicago soybeans closed mixed. JUL12 HI 13.94 1/2 NOV12 HI 13.02 LOW 13.64 1/4 LOW 12.81 1/4 CLOSE13.78 1/4 Down 8 1/2 CLOSE 12.96 3/4 Up 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG12 CK Low -0.30 13.48 495.40-0.45 12.52 459.94 CK High -0.10 13.68 502.75-0.25 12.72 467.29 CK Average -0.22 -0.6313.57 498.52-0.39-0.7912.58 462.08 Essex Cty -0.01 13.77 506.05-0.16 12.81 470.60 Mdsx Low -0.25 13.53 497.23-0.40 12.57 461.78 Mdsx High -0.21 13.57 498.70-0.32 12.65 464.72 Mdsx Average -0.23 -0.6513.55 497.97-0.36-0.7512.61 463.25 Hensall -0.25 13.53 497.23-0.38 12.59 462.70 Bruce -0.25 13.53 497.23-0.40 12.57 461.78 Putnam -0.15 13.63 500.91-0.35 12.62 463.61 Burford -0.21 13.57 498.70-0.32 12.65 464.72 Port Perry -0.24 13.54 497.60-0.35 12.62 463.61 Norfolk -0.06 13.72 504.22-0.34 12.63 463.98 Palmerston -0.30 13.48 495.40-0.35 12.62 463.61 Varna -0.40 13.38 491.72-0.40 12.57 461.78 Trenton -0.36 13.42 493.19-0.39 12.58 462.14 Winchester -0.41 13.37 491.36-0.30 12.67 465.45 North Gower -0.44 13.34 490.25-0.23 12.74 468.02 Huron FOB -0.15 13.63 500.91-0.25 12.72 467.29 Kent FOB -0.10 13.68 502.75-0.39 12.58 462.14 Lambton FOB -0.10 13.68 502.75-0.39 12.58 462.14 Middlesex FOB-0.11-0.11-0.03 N/A 13.67 502.38-0.08 12.89 473.53 PROCESSORS Hamilton 0.15 0.25 0.30 0.55 13.93 511.930.15 13.12 481.99 Windsor 0.22 0.22 0.23 N/A 14.00 514.500.07 13.04 479.05 Winchester -0.38 13.40 492.46-0.25 12.72 467.29 TRANSFER Hamilton 0.25 N/A N/A N/A 14.03 515.610.30 13.27 487.50 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.30 14.08 517.440.50 13.47 494.85 Toledo El. -0.18 13.61 499.98-0.29 12.68 465.87 Bank of Canada Noon exchange rate was 1.0286 up 0.0033 Chicago wheat closed slightly lower. JUL12 HI 6.61 1/4 JUL12 HI 6.61 1/4 LOW 6.44 1/4 LOW 6.44 1/4 CLOSE 6.51 Down 5 3/4 CLOSE 6.51 Down 5 3/4 Minni wheat closed slightly lower. JUL12 HI 7.74 3/4 SEP12 HI 7.71 LOW 7.60 1/4 LOW 7.58 1/2 CLOSE 7.64 Down 7 3/4 CLOSE 7.62 3/4 Down 5 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.01 0.76 0.04 -0.18 CAD $/bu 6.50 7.27 6.55 7.46 CAD $/tonne 238.90 267.30 240.79 274.11 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 -0.32 0.25 -0.42 N/A 0.20 0.35 -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 -0.36 N/A N/A N/A -0.36 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 -0.30 N/A N/A 0.42 -0.30 N/A Brigden N/A N/A -0.30 N/A N/A 0.42 -0.30 N/A Palmerston N/A 0.45 -0.37 -0.15 N/A 0.49 -0.33 -0.50 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 -0.64 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 -0.05 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 0.30N/A 0.76 1.38 0.46N/A Toledo El. 6.53US 6.73CA 6.53US 6.73CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.35 0.92 0.09 -0.23 CAD $/bu 6.86 7.43 6.60 7.40 CAD $/tonne 252.15 272.97 242.69 271.74 (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 485.03 - 490.54 DDG's FOB Srn, Wndr, Aylm 225.00 - 263.00