FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 6 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0297 down 0.0117 Chicago corn closed moderately higher to higher. JUL12 HI 5.86 1/2 DEC12 HI 5.20 1/2 LOW 5.69 LOW 5.09 3/4 CLOSE5.84 1/2 Up 17 CLOSE 5.18 Up 10 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 5.65 222.23 -0.60 4.58 180.31 CK High -0.05 5.80 228.14 -0.55 4.63 182.28 CK Avg -0.09 -0.27 5.75 226.50 -0.58 -0.75 4.60 180.96 Essex Cty -0.05 5.80 228.14 -0.65 4.53 178.34 Mdsx Low -0.10 5.75 226.17 -0.60 4.58 180.31 Mdsx High -0.05 5.80 228.14 -0.55 4.63 182.28 Mdsx Avg -0.08 -0.26 5.77 227.15 -0.58 -0.74 4.61 181.29 Hensall -0.10 5.75 226.17 -0.55 4.63 182.28 Bruce -0.10 5.75 226.17 -0.55 4.63 182.28 Putnam -0.10 5.75 226.17 -0.55 4.63 182.28 Burford -0.05 5.80 228.14 -0.60 4.58 180.31 Port Perry -0.05 5.80 228.14 -0.60 4.58 180.31 Norfolk -0.05 5.80 228.14 -0.60 4.58 180.31 Palmerston -0.15 5.70 224.20 -0.55 4.63 182.28 Varna -0.10 5.75 226.17 -0.55 4.63 182.28 Trenton 0.25 6.10 239.95 -0.60 4.58 180.31 Winchester 0.20 6.05 237.98 -0.50 4.68 184.24 North Gower 0.00 5.85 230.11 -0.70 4.48 176.37 Huron FOB -0.05 5.80 228.14 -0.55 4.63 182.28 Kent FOB -0.05 5.80 228.14 -0.60 4.58 180.31 Lamb FOB -0.05 5.80 228.14 -0.60 4.58 180.31 Mdsx FOB -0.05N/A N/A N/A 5.80 228.14 -0.60 4.58 180.31 FOB SW Que 0.70 6.55 257.67 -0.15 5.03 198.02 Track 0.28 6.12 240.93N/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 4.93 194.09 Aylmer-Eth -0.25 0.30 0.35 0.55 5.60 220.27 -0.60 4.58 180.31 Sarn-Eth 0.00 0.70 0.75N/A 5.85 230.11N/A Cllngwd-Eth -0.10N/A N/A N/A 5.75 226.17-0.30* 4.88 192.12 London-Cas N/A N/A 0.85 0.95 -0.50 4.68 184.24 Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.45 4.73 186.21 Cardnl-Cas N/A N/A 1.15 1.00 -0.45 4.73 186.21 W O Feed 0.19 0.16 6.04 237.59 US Rep 0.95 0.92 6.80 267.51 Toledo El. 0.33 6.17 243.10 -0.34 4.84 190.53 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.32 6.17242 5/7 -0.31 4.87191 5/7 MID SD CRN -0.57 1/2 4.60 1/2 HI SD CRN -0.55 4.63 *Wet Bid Bank of Canada Noon exchange rate was 1.0297 down 0.0117 Chicago soybeans closed slightly higher to higher. JUL12 HI 13.92 NOV12 HI 13.06 1/2 LOW 13.52 3/4 LOW 12.75 1/2 CLOSE13.84 Up 34 1/2 CLOSE 12.95 Up 18 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.19 13.65 501.55-0.30 12.65 464.81 CK High 0.01 13.85 508.90-0.20 12.75 468.48 CK Average -0.08 -0.5113.76 505.72-0.27-0.6812.68 465.79 Essex Cty 0.00 13.84 508.53-0.16 12.79 469.95 Mdsx Low -0.22 13.62 500.45-0.27 12.68 465.91 Mdsx High 0.00 13.84 508.53-0.25 12.70 466.65 Mdsx Average -0.11 -0.5413.73 504.49-0.26-0.6612.69 466.28 Hensall -0.05 13.79 506.70-0.25 12.70 466.65 Bruce 0.00 13.84 508.53-0.25 12.70 466.65 Putnam 0.00 13.84 508.53-0.25 12.70 466.65 Burford -0.22 13.62 500.45-0.27 12.68 465.91 Port Perry -0.25 13.59 499.35-0.30 12.65 464.81 Norfolk -0.35 13.49 495.67-0.25 12.70 466.65 Palmerston 0.00 13.84 508.53-0.15 12.80 470.32 Varna 0.00 13.84 508.53-0.15 12.80 470.32 Trenton -0.20 13.64 501.18-0.20 12.75 468.48 Winchester -0.28 13.56 498.24-0.20 12.75 468.48 North Gower -0.29 13.55 497.88-0.13 12.82 471.05 Huron FOB 0.05 13.89 510.37-0.10 12.85 472.16 Kent FOB 0.01 13.85 508.90-0.30 12.65 464.81 Lambton FOB 0.01 13.85 508.90-0.30 12.65 464.81 Middlesex FOB-0.09-0.08 N/A N/A 13.75 505.23-0.06 12.89 473.63 PROCESSORS Hamilton 0.25 0.30 0.55 0.25 14.09 517.720.15 13.10 481.34 Windsor 0.23 0.23 N/A N/A 14.07 516.980.07 13.02 478.40 Winchester -0.15 13.69 503.02-0.09 12.86 472.52 TRANSFER Hamilton 0.35 N/A N/A N/A 14.19 521.390.40 13.35 490.53 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.43 14.27 524.330.65 13.60 499.71 Toledo El. -0.15 13.69 502.85-0.29 12.66 465.22 Bank of Canada Noon exchange rate was 1.0297 down 0.0117 Chicago wheat closed slightly higher. JUL12 HI 6.28 3/4 JUL12 HI 6.28 3/4 LOW 6.12 3/4 LOW 6.12 3/4 CLOSE 6.20 1/4 Up 7 CLOSE 6.20 1/4 Up 7 Minni wheat closed moderately higher. JUL12 HI 7.48 SEP12 HI 7.44 3/4 LOW 7.28 1/2 LOW 7.30 CLOSE 7.44 Up 15 1/4 CLOSE 7.41 Up 11 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 6.19 6.96 6.24 7.26 CAD $/tonne 227.45 255.86 229.34 266.76 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 -0.15 N/A London -0.31 0.26 -0.36 N/A 0.22 0.38 -0.30 N/A Hensall -0.20 N/A -0.20 N/A 0.45 N/A -0.20 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 -0.37 N/A N/A N/A -0.37 N/A Norwich -0.20 N/A -0.25 N/A 0.45 N/A -0.20 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 -0.30 N/A Chatham N/A N/A N/A N/A N/A 0.50 -0.30 N/A Brigden N/A N/A N/A N/A N/A 0.50 -0.30 N/A Palmerston N/A 0.41 -0.21 -0.04 N/A 0.61 -0.20 -0.35 Varna 0.45 0.55 -0.25 N/A 0.60 0.70 -0.10 N/A Mitchell -0.20 0.05 -0.20 N/A 0.45 0.60 -0.20 N/A Thornton N/A N/A N/A -0.77 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 0.76 1.38 0.45N/A Toledo El. N/A 6.22US 6.42CA 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 6.55 7.12 6.29 7.18 CAD $/tonne 240.71 261.55 231.23 263.73 (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 489.54 - 499.47 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00