FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, June 5 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0414 down 0.0004 Chicago corn closed slightly lower to lower. JUL12 HI 5.75 3/4 DEC12 HI 5.28 LOW 5.60 1/2 LOW 5.07 1/2 CLOSE5.67 3/4 Down 1/4 CLOSE 5.09 1/4 Down 14 1/2 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 5.48 215.64 -0.60 4.49 176.86 CK High -0.05 5.63 221.54 -0.55 4.54 178.83 CK Avg -0.09 -0.31 5.59 219.90 -0.58 -0.78 4.51 177.52 Essex Cty 0.00 5.68 223.51 -0.60 4.49 176.86 Mdsx Low -0.10 5.58 219.58 -0.60 4.49 176.86 Mdsx High -0.05 5.63 221.54 -0.55 4.54 178.83 Mdsx Avg -0.08 -0.30 5.60 220.56 -0.58 -0.77 4.52 177.85 Hensall -0.10 5.58 219.58 -0.55 4.54 178.83 Bruce -0.10 5.58 219.58 -0.55 4.54 178.83 Putnam -0.10 5.58 219.58 -0.55 4.54 178.83 Burford -0.05 5.63 221.54 -0.60 4.49 176.86 Port Perry -0.05 5.63 221.54 -0.60 4.49 176.86 Norfolk -0.05 5.63 221.54 -0.60 4.49 176.86 Palmerston -0.10 5.58 219.58 -0.55 4.54 178.83 Varna -0.10 5.58 219.58 -0.55 4.54 178.83 Trenton 0.25 5.93 233.36 -0.60 4.49 176.86 Winchester 0.20 5.88 231.39 -0.50 4.59 180.80 North Gower 0.00 5.68 223.51 -0.70 4.39 172.93 Huron FOB -0.05 5.63 221.54 -0.55 4.54 178.83 Kent FOB -0.05 5.63 221.54 -0.60 4.49 176.86 Lamb FOB -0.05 5.63 221.54 -0.60 4.49 176.86 Mdsx FOB -0.05N/A N/A N/A 5.63 221.54 -0.60 4.49 176.86 FOB SW Que 0.70 6.38 251.07 -0.15 4.94 194.58 Track 0.28 5.95 234.34N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.45 4.64 182.77 Jhnstwn-Eth N/A N/A N/A N/A -0.25 4.84 190.64 Aylmer-Eth -0.25 0.30 0.35 0.55 5.43 213.67 -0.60 4.49 176.86 Sarn-Eth 0.00 0.70 0.75N/A 5.68 223.51N/A Cllngwd-Eth -0.10N/A N/A N/A 5.58 219.58-0.30* 4.79 188.67 London-Cas N/A N/A 0.85 0.95 -0.50 4.59 180.80 Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.45 4.64 182.77 Cardnl-Cas N/A N/A 1.15 1.00 -0.45 4.64 182.77 W O Feed 0.19 0.15 5.87 230.99 US Rep 0.95 0.91 6.63 260.91 Toledo El. 0.33 6.01 236.60 -0.34 4.75 186.99 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.32 6.00236 1/9 -0.31 4.78188 2/7 MID SD CRN -0.57 1/2 4.51 3/4 HI SD CRN -0.55 4.54 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0414 down 0.0004 Chicago soybeans closed slightly to moderately higher. JUL12 HI 13.60 1/4 NOV12 HI 12.83 1/2 LOW 13.40 1/2 LOW 12.63 1/2 CLOSE13.52 1/2 Up 12 1/2 CLOSE 12.74 Up 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.15 13.38 491.45-0.24 12.50 459.30 CK High 0.01 13.54 497.33-0.20 12.54 460.77 CK Average -0.05 -0.5813.47 495.06-0.21-0.7112.53 460.34 Essex Cty 0.10 13.63 500.63-0.05 12.69 466.28 Mdsx Low -0.12 13.41 492.55-0.21 12.53 460.40 Mdsx High 0.00 13.53 496.96-0.20 12.54 460.77 Mdsx Average -0.06 -0.5913.47 494.75-0.21-0.7012.54 460.58 Hensall 0.00 13.53 496.96-0.18 12.57 461.68 Bruce 0.00 13.53 496.96-0.20 12.54 460.77 Putnam 0.00 13.53 496.96-0.20 12.54 460.77 Burford -0.12 13.41 492.55-0.21 12.53 460.40 Port Perry -0.15 13.38 491.45-0.24 12.50 459.30 Norfolk 0.05 13.58 498.80-0.19 12.55 461.13 Palmerston 0.00 13.53 496.96-0.15 12.59 462.60 Varna 0.00 13.53 496.96-0.15 12.59 462.60 Trenton -0.20 13.33 489.61-0.20 12.54 460.77 Winchester -0.25 13.28 487.77-0.19 12.55 461.13 North Gower -0.24 13.29 488.14-0.13 12.61 463.34 Huron FOB 0.15 13.68 502.470.00 12.74 468.11 Kent FOB 0.01 13.54 497.33-0.24 12.50 459.30 Lambton FOB 0.01 13.54 497.33-0.24 12.50 459.30 Middlesex FOB-0.010.04 N/A N/A 13.52 496.590.01 12.75 468.48 PROCESSORS Hamilton 0.35 0.40 0.65 0.35 13.88 509.820.25 12.99 477.30 Windsor 0.33 0.34 N/A N/A 13.86 509.080.17 12.91 474.36 Winchester -0.15 13.38 491.450.00 12.74 468.11 TRANSFER Hamilton 0.35 N/A N/A N/A 13.88 509.820.40 13.14 482.81 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.43 13.96 512.760.65 13.39 492.00 Toledo El. -0.16 13.37 491.23-0.29 12.45 457.43 Bank of Canada Noon exchange rate was 1.0414 down 0.0004 Chicago wheat closed moderately lower. JUL12 HI 6.31 JUL12 HI 6.31 LOW 6.11 3/4 LOW 6.11 3/4 CLOSE 6.12 1/2 Down 15 1/4 CLOSE 6.12 1/2 Down 15 1/4 Minni wheat closed moderately lower. JUL12 HI 7.50 1/4 SEP12 HI 7.51 3/4 LOW 7.27 LOW 7.28 1/4 CLOSE 7.28 3/4 Down 13 3/4 CLOSE 7.30 Down 13 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.03 0.81 0.08 -0.13 CAD $/bu 6.16 6.94 6.21 7.16 CAD $/tonne 226.19 254.82 228.10 262.93 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 -0.27 N/A London -0.28 0.29 -0.33 N/A 0.26 0.41 -0.26 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 -0.25 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 -0.32 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 -0.27 N/A Brigden N/A N/A N/A N/A N/A 0.50 -0.27 N/A Palmerston N/A 0.51 -0.32 -0.09 N/A 0.67 -0.16 -0.44 Varna 0.45 0.55 -0.25 N/A 0.62 0.72 -0.07 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 -0.67 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 0.39N/A 0.81 1.45 0.50N/A Toledo El. N/A 6.15US 6.38CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.39 0.97 0.13 -0.18 CAD $/bu 6.52 7.09 6.26 7.12 CAD $/tonne 239.55 260.55 230.01 261.50 (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 320.00 Bayport Barley 325.00 FOB Hm Soymeal 474.44 - 484.36 DDG's FOB Srn, Wndr, Aylm 210.00 - 263.00