FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, June 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0418 up 0.0038 Chicago corn closed moderately higher to higher. JUL12 HI 5.69 1/4 DEC12 HI 5.25 LOW 5.57 3/4 LOW 5.16 CLOSE5.67 1/2 Up 16 CLOSE 5.22 Up 12 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 5.48 215.54 -0.60 4.62 181.88 CK High -0.05 5.63 221.45 -0.55 4.67 183.85 CK Avg -0.09 -0.32 5.58 219.81 -0.58 -0.78 4.65 182.87 Essex Cty 0.05 5.73 225.38 -0.60 4.62 181.88 Mdsx Low -0.10 5.58 219.48 -0.60 4.62 181.88 Mdsx High -0.05 5.63 221.45 -0.55 4.67 183.85 Mdsx Avg -0.08 -0.30 5.60 220.46 -0.58 -0.78 4.65 182.87 Hensall -0.10 5.58 219.48 -0.55 4.67 183.85 Bruce -0.10 5.58 219.48 -0.55 4.67 183.85 Putnam -0.10 5.58 219.48 -0.55 4.67 183.85 Burford -0.05 5.63 221.45 -0.60 4.62 181.88 Port Perry -0.05 5.63 221.45 -0.60 4.62 181.88 Norfolk -0.05 5.63 221.45 -0.60 4.62 181.88 Palmerston -0.10 5.58 219.48 -0.55 4.67 183.85 Varna -0.10 5.58 219.48 -0.55 4.67 183.85 Trenton 0.25 5.93 233.26 -0.60 4.62 181.88 Winchester 0.20 5.88 231.29 -0.50 4.72 185.82 North Gower 0.00 5.68 223.41 -0.70 4.52 177.94 Huron FOB -0.05 5.63 221.45 -0.55 4.67 183.85 Kent FOB -0.05 5.63 221.45 -0.60 4.62 181.88 Lamb FOB -0.05 5.63 221.45 -0.60 4.62 181.88 Mdsx FOB -0.05N/A N/A N/A 5.63 221.45 -0.60 4.62 181.88 FOB SW Que 0.65 6.33 249.00 -0.28 4.94 194.48 Track 0.28 5.95 234.24N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.45 4.77 187.79 Jhnstwn-Eth N/A N/A N/A N/A -0.25 4.97 195.66 Aylmer-Eth -0.25 0.30 0.35 0.55 5.43 213.57 -0.60 4.62 181.88 Sarn-Eth 0.00 0.70 0.75N/A 5.68 223.41N/A Cllngwd-Eth -0.10N/A N/A N/A 5.58 219.48-0.30* 4.92 193.69 London-Cas N/A N/A 0.85 0.95 -0.50 4.72 185.82 Pt.Colb-Cas N/A N/A 0.85 0.90 -0.45 4.77 187.79 Cardnl-Cas N/A N/A 1.15 1.00 -0.45 4.77 187.79 W O Feed 0.18 0.14 5.86 230.50 US Rep 0.95 0.91 6.63 260.81 Toledo El. 0.33 6.01 236.52 -0.34 4.88 191.99 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.34 6.02236 4/5 -0.29 4.93194 MID SD CRN -0.57 1/2 4.64 1/2 HI SD CRN -0.55 4.67 *Wet Bid Bank of Canada Noon exchange rate was 1.0418 up 0.0038 Chicago soybeans closed mixed. JUL12 HI 13.55 3/4 NOV12 HI 12.72 LOW 13.31 1/2 LOW 12.44 3/4 CLOSE13.39 1/2 Down 4 3/4 CLOSE 12.67 Up 9 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.15 13.25 486.67-0.21 12.46 457.83 CK High 0.03 13.43 493.28-0.20 12.47 458.19 CK Average -0.04 -0.5813.35 490.59-0.20-0.7112.47 458.13 Essex Cty 0.12 13.52 496.59-0.04 12.63 464.07 Mdsx Low -0.10 13.30 488.51-0.20 12.47 458.19 Mdsx High 0.00 13.40 492.18-0.18 12.49 458.93 Mdsx Average -0.05 -0.5913.35 490.34-0.19-0.7012.48 458.56 Hensall 0.00 13.40 492.18-0.18 12.50 459.11 Bruce 0.00 13.40 492.18-0.20 12.47 458.19 Putnam 0.00 13.40 492.18-0.20 12.47 458.19 Burford -0.10 13.30 488.51-0.18 12.49 458.93 Port Perry -0.13 13.27 487.41-0.21 12.46 457.83 Norfolk 0.07 13.47 494.75-0.16 12.51 459.66 Palmerston -0.10 13.30 488.51-0.25 12.42 456.36 Varna -0.10 13.30 488.51-0.25 12.42 456.36 Trenton -0.25 13.15 483.00-0.25 12.42 456.36 Winchester -0.25 13.15 483.00-0.19 12.48 458.56 North Gower -0.24 13.16 483.36-0.13 12.54 460.77 Huron FOB 0.15 13.55 497.690.00 12.67 465.54 Kent FOB 0.03 13.43 493.28-0.21 12.46 457.83 Lambton FOB 0.03 13.43 493.28-0.21 12.46 457.83 Middlesex FOB0.04 0.08 N/A N/A 13.44 493.650.03 12.70 466.65 PROCESSORS Hamilton 0.40 0.40 0.65 0.35 13.80 506.880.30 12.97 476.57 Windsor 0.35 0.36 N/A N/A 13.75 505.040.19 12.86 472.52 Winchester -0.05 13.35 490.340.00 12.67 465.54 TRANSFER Hamilton 0.45 N/A N/A N/A 13.85 508.720.45 13.12 482.08 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.45 13.85 508.720.65 13.32 489.43 Toledo El. -0.16 13.24 486.45-0.29 12.38 454.84 Bank of Canada Noon exchange rate was 1.0418 up 0.0038 Chicago wheat closed moderately higher. JUL12 HI 6.31 1/2 JUL12 HI 6.31 1/2 LOW 6.13 1/4 LOW 6.13 1/4 CLOSE 6.25 3/4 Up 13 1/2 CLOSE 6.25 3/4 Up 13 1/2 Minni wheat closed slightly higher. JUL12 HI 7.59 SEP12 HI 7.59 LOW 7.38 1/4 LOW 7.39 3/4 CLOSE 7.45 1/4 Up 5 3/4 CLOSE 7.46 Up 5 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 6.30 7.08 6.35 7.33 CAD $/tonne 231.49 260.15 233.40 269.51 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 -0.26 0.31 -0.31 N/A 0.27 0.43 -0.25 N/A Hensall -0.20 N/A -0.20 N/A 0.45 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 -0.31 N/A N/A N/A -0.30 N/A Norwich -0.20 N/A -0.25 N/A 0.45 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 0.45 N/A -0.25 N/A Chatham N/A N/A N/A N/A N/A 0.50 -0.26 N/A Brigden N/A N/A N/A N/A N/A 0.50 -0.26 N/A Palmerston N/A 0.53 -0.30 -0.06 N/A 0.73 -0.11 -0.42 Varna 0.45 0.55 -0.25 N/A 0.65 0.75 -0.05 N/A Mitchell -0.20 0.05 -0.20 N/A 0.45 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 0.41N/A 0.82 1.50 0.51N/A Toledo El. N/A 6.28US 6.53CA 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 6.66 7.24 6.40 7.29 CAD $/tonne 244.86 265.88 235.31 267.89 (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 470.14 - 480.06 DDG's FOB Srn, Wndr, Aylm 225.00 - 263.00