FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.038 up 0.0031 Chicago corn closed mixed. JUL12 HI 5.79 1/2 DEC12 HI 5.28 1/2 LOW 5.51 LOW 5.08 1/4 CLOSE5.56 Up 3/4 CLOSE 5.12 3/4 Down 9 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP12+SEP12+SEP12 CK Low -0.20 5.36 211.01 -0.60 4.53 178.24 CK High -0.05 5.51 216.92 -0.55 4.58 180.21 CK Avg -0.09 -0.32 5.47 215.28 -0.59 -0.80 4.54 178.57 Essex Cty 0.00 5.56 218.89 -0.65 4.48 176.27 Mdsx Low -0.10 5.46 214.95 -0.60 4.53 178.24 Mdsx High -0.05 5.51 216.92 -0.55 4.58 180.21 Mdsx Avg -0.08 -0.30 5.49 215.93 -0.58 -0.78 4.55 179.22 Hensall -0.10 5.46 214.95 -0.55 4.58 180.21 Bruce -0.10 5.46 214.95 -0.55 4.58 180.21 Putnam -0.10 5.46 214.95 -0.55 4.58 180.21 Burford -0.05 5.51 216.92 -0.60 4.53 178.24 Port Perry -0.05 5.51 216.92 -0.60 4.53 178.24 Norfolk -0.05 5.51 216.92 -0.60 4.53 178.24 Palmerston -0.10 5.46 214.95 -0.55 4.58 180.21 Varna -0.20 5.36 211.01 -0.60 4.53 178.24 Trenton 0.20 5.76 226.76 -0.65 4.48 176.27 Winchester 0.20 5.76 226.76 -0.45 4.68 184.15 North Gower 0.00 5.56 218.89 -0.60 4.53 178.24 Huron FOB -0.10 5.46 214.95 -0.55 4.58 180.21 Kent FOB -0.05 5.51 216.92 -0.60 4.53 178.24 Lamb FOB -0.05 5.51 216.92 -0.60 4.53 178.24 Mdsx FOB -0.05N/A N/A N/A 5.51 216.92 -0.60 4.53 178.24 FOB SW Que 0.60 6.16 242.51 -0.30 4.83 190.05 Track 0.18 5.74 225.78N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A -0.25 4.88 192.02 Aylmer-Eth -0.25 0.30 0.35 0.55 5.31 209.05 -0.60 4.53 178.24 Sarn-Eth 0.00 0.70 0.75N/A 5.56 218.89N/A Cllngwd-Eth -0.10N/A N/A N/A 5.46 214.95-0.30* 4.83 190.05 London-Cas N/A 0.80 0.85 0.95 -0.50 4.63 182.18 Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.45 4.68 184.15 Cardnl-Cas N/A 1.05 1.15 1.00 -0.45 4.68 184.15 W O Feed 0.17 0.13 5.73 225.58 US Rep 0.95 0.91 6.51 256.29 Toledo El. 0.33 5.89 231.99 -0.34 4.78 188.34 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.15 5.71224 4/5 -0.35 4.78188 MID SD CRN -0.57 1/2 4.55 1/4 HI SD CRN -0.55 4.57 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.038 up 0.0031 Chicago soybeans closed mixed. JUL12 HI 13.58 NOV12 HI 12.77 3/4 LOW 13.17 1/2 LOW 12.45 CLOSE13.43 Up 3 CLOSE 12.58 3/4 Down 11 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.15 13.28 487.96-0.30 12.29 451.49 CK High 0.03 13.46 494.57-0.08 12.51 459.57 CK Average -0.10 -0.6513.33 489.67-0.24-0.7512.34 453.57 Essex Cty 0.12 13.55 497.88-0.05 12.54 460.67 Mdsx Low -0.12 13.31 489.06-0.25 12.34 453.33 Mdsx High -0.10 13.33 489.79-0.24 12.35 453.69 Mdsx Average -0.11 -0.6513.32 489.43-0.25-0.7512.34 453.51 Hensall -0.10 13.33 489.79-0.25 12.34 453.33 Bruce -0.10 13.33 489.79-0.25 12.34 453.33 Putnam -0.10 13.33 489.79-0.25 12.34 453.33 Burford -0.12 13.31 489.06-0.24 12.35 453.69 Port Perry -0.15 13.28 487.96-0.27 12.32 452.59 Norfolk 0.07 13.50 496.04-0.16 12.43 456.63 Palmerston -0.15 13.28 487.96-0.30 12.29 451.49 Varna -0.40 13.03 478.77-0.40 12.19 447.81 Trenton -0.23 13.20 485.02-0.23 12.36 454.06 Winchester -0.15 13.28 487.96-0.10 12.49 458.84 North Gower -0.19 13.24 486.49-0.13 12.46 457.73 Huron FOB 0.05 13.48 495.31-0.15 12.44 457.00 Kent FOB 0.03 13.46 494.57-0.08 12.51 459.57 Lambton FOB 0.03 13.46 494.57-0.08 12.51 459.57 Middlesex FOB0.01 0.06 N/A N/A 13.44 493.84-0.02 12.57 461.78 PROCESSORS Hamilton 0.40 0.40 0.65 0.35 13.83 508.170.30 12.89 473.53 Windsor 0.35 0.35 N/A N/A 13.78 506.330.18 12.77 469.13 Winchester -0.15 13.28 487.96-0.05 12.54 460.67 TRANSFER Hamilton 0.25 N/A N/A N/A 13.68 502.650.30 12.89 473.53 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.40 13.83 508.170.60 13.19 484.56 Toledo El. -0.16 13.27 487.73-0.29 12.30 451.81 Bank of Canada Noon exchange rate was 1.038 up 0.0031 Chicago wheat closed lower. JUL12 HI 6.46 1/2 JUL12 HI 6.46 1/2 LOW 6.11 LOW 6.11 CLOSE 6.18 1/4 Down 25 1/2 CLOSE 6.18 1/4 Down 25 1/2 Minni wheat closed moderately lower. JUL12 HI 7.55 3/4 SEP12 HI 7.55 LOW 7.38 LOW 7.40 CLOSE 7.39 1/2 Down 13 1/4 CLOSE 7.41 Down 12 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.04 0.82 0.09 -0.12 CAD $/bu 6.22 7.00 6.28 7.28 CAD $/tonne 228.69 257.36 230.60 267.40 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 0.50 -0.20 N/A London -0.27 0.30 -0.33 N/A 0.25 0.40 -0.27 N/A Hensall -0.20 N/A -0.20 N/A 0.25 N/A -0.15 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 -0.32 N/A N/A N/A -0.31 N/A Norwich -0.20 N/A -0.25 N/A 0.25 N/A -0.15 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.25 N/A -0.25 N/A 0.25 N/A -0.25 N/A Chatham N/A N/A N/A N/A N/A 0.50 -0.24 N/A Brigden N/A N/A N/A N/A N/A 0.50 -0.24 N/A Palmerston N/A 0.49 -0.29 -0.12 N/A 0.48 -0.30 -0.47 Varna 0.35 0.55 -0.30 N/A 0.35 0.55 -0.30 N/A Mitchell -0.20 0.05 -0.20 N/A 0.25 0.60 -0.15 N/A Thornton N/A N/A N/A -0.71 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.09 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 0.35N/A 0.82 1.48 0.51N/A Toledo El. N/A 6.20US 6.45CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.41 0.98 0.15 -0.17 CAD $/bu 6.59 7.16 6.33 7.24 CAD $/tonne 242.07 263.10 232.52 266.06 (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 325.00 FOB Hm Soymeal 469.92 - 475.43 DDG's FOB Srn, Wndr, Aylm 225.00 - 263.00