FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, June 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0244 down 0.0053 Chicago corn closed moderately higher to higher. JUL12 HI 6.01 1/2 DEC12 HI 5.37 1/2 LOW 5.84 1/2 LOW 5.27 CLOSE5.93 Up 6 3/4 CLOSE 5.37 Up 17 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 5.73 225.58 -0.60 4.77 187.79 CK High -0.05 5.88 231.49 -0.55 4.82 189.76 CK Avg -0.09 -0.26 5.84 229.85 -0.58 -0.73 4.79 188.44 Essex Cty -0.10 5.83 229.52 -0.70 4.67 183.85 Mdsx Low -0.10 5.83 229.52 -0.60 4.77 187.79 Mdsx High -0.05 5.88 231.49 -0.55 4.82 189.76 Mdsx Avg -0.08 -0.24 5.86 230.50 -0.58 -0.73 4.80 188.77 Hensall -0.10 5.83 229.52 -0.55 4.82 189.76 Bruce -0.10 5.83 229.52 -0.55 4.82 189.76 Putnam -0.10 5.83 229.52 -0.55 4.82 189.76 Burford -0.05 5.88 231.49 -0.60 4.77 187.79 Port Perry -0.05 5.88 231.49 -0.60 4.77 187.79 Norfolk -0.05 5.88 231.49 -0.60 4.77 187.79 Palmerston -0.15 5.78 227.55 -0.55 4.82 189.76 Varna -0.10 5.83 229.52 -0.55 4.82 189.76 Trenton 0.25 6.18 243.30 -0.60 4.77 187.79 Winchester 0.20 6.13 241.33 -0.50 4.87 191.72 North Gower 0.00 5.93 233.45 -0.65 4.72 185.82 Huron FOB -0.05 5.88 231.49 -0.55 4.82 189.76 Kent FOB -0.05 5.88 231.49 -0.60 4.77 187.79 Lamb FOB -0.05 5.88 231.49 -0.60 4.77 187.79 Mdsx FOB -0.05N/A N/A N/A 5.88 231.49 -0.60 4.77 187.79 FOB SW Que 0.45 6.38 251.17 -0.45 4.92 193.69 Track 0.28 6.21 244.28N/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 5.12 201.57 Aylmer-Eth -0.25 0.30 0.35 0.55 5.68 223.61 -0.60 4.77 187.79 Sarn-Eth 0.00 0.70 0.75N/A 5.93 233.45N/A Cllngwd-Eth -0.10N/A N/A N/A 5.83 229.52-0.30* 5.07 199.60 London-Cas N/A N/A 0.85 0.95 -0.50 4.87 191.72 Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.45 4.92 193.69 Cardnl-Cas N/A N/A 1.15 1.00 -0.45 4.92 193.69 W O Feed 0.19 0.16 6.12 240.93 US Rep 0.95 0.92 6.88 270.85 Toledo El. 0.33 6.26 246.40 -0.34 5.03 198.05 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.24 6.17243 -0.37 5.00196 5/6 MID SD CRN -0.57 1/2 4.79 1/2 HI SD CRN -0.55 4.82 *Wet Bid Bank of Canada Noon exchange rate was 1.0244 down 0.0053 Chicago soybeans closed higher. JUL12 HI 14.30 NOV12 HI 13.41 1/4 LOW 13.83 1/4 LOW 13.24 1/2 CLOSE14.26 Up 39 3/4 CLOSE 13.41 1/4 Up 42 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.32 13.94 512.21-0.40 13.01 478.13 CK High -0.25 14.01 514.78-0.30 13.11 481.80 CK Average -0.26 -0.6614.00 514.35-0.35-0.7213.07 480.09 Essex Cty -0.07 14.19 521.39-0.20 13.21 485.48 Mdsx Low -0.36 13.90 510.74-0.39 13.02 478.49 Mdsx High -0.20 14.06 516.62-0.30 13.11 481.80 Mdsx Average -0.28 -0.6813.98 513.68-0.35-0.7213.07 480.15 Hensall -0.18 14.09 517.54-0.30 13.11 481.80 Bruce -0.20 14.06 516.62-0.30 13.11 481.80 Putnam -0.20 14.06 516.62-0.30 13.11 481.80 Burford -0.36 13.90 510.74-0.39 13.02 478.49 Port Perry -0.39 13.87 509.64-0.42 12.99 477.39 Norfolk -0.21 14.05 516.25-0.28 13.13 482.54 Palmerston -0.10 14.16 520.29-0.25 13.16 483.64 Varna 0.00 14.26 523.97-0.15 13.26 487.31 Trenton -0.45 13.81 507.43-0.42 12.99 477.39 Winchester -0.45 13.81 507.43-0.37 13.04 479.23 North Gower -0.39 13.87 509.64-0.18 13.23 486.21 Huron FOB 0.00 14.26 523.97-0.15 13.26 487.31 Kent FOB -0.25 14.01 514.78-0.33 13.08 480.70 Lambton FOB -0.25 14.01 514.78-0.33 13.08 480.70 Middlesex FOB-0.18-0.18 N/A N/A 14.08 517.35-0.18 13.23 486.21 PROCESSORS Hamilton 0.20 0.25 0.50 0.20 14.46 531.310.25 13.66 502.01 Windsor 0.16 0.17 N/A N/A 14.42 529.840.03 13.44 493.93 Winchester -0.18 14.08 517.35-0.10 13.31 489.15 TRANSFER Hamilton 0.15 N/A N/A N/A 14.41 529.480.25 13.66 502.01 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.15 14.41 529.480.35 13.76 505.69 Toledo El. -0.15 14.11 518.30-0.29 13.12 482.25 Bank of Canada Noon exchange rate was 1.0244 down 0.0053 Chicago wheat closed moderately higher. JUL12 HI 6.44 3/4 JUL12 HI 6.44 3/4 LOW 6.20 1/4 LOW 6.20 1/4 CLOSE 6.37 1/4 Up 13 CLOSE 6.37 1/4 Up 13 Minni wheat closed moderately higher to higher. JUL12 HI 7.68 3/4 SEP12 HI 7.63 1/2 LOW 7.44 1/4 LOW 7.42 3/4 CLOSE 7.65 Up 21 CLOSE 7.57 3/4 Up 15 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.03 0.74 0.02 -0.20 CAD $/bu 6.35 7.12 6.40 7.45 CAD $/tonne 233.14 261.47 235.03 273.84 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 -0.37 0.19 -0.42 N/A 0.16 0.31 -0.35 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 -0.40 N/A N/A N/A -0.40 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 -0.32 N/A Brigden N/A N/A N/A N/A N/A 0.50 -0.32 N/A Palmerston N/A 0.36 -0.26 -0.09 N/A 0.58 -0.23 -0.40 Varna 0.45 0.55 -0.25 N/A 0.59 0.69 -0.08 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 -0.88 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.14 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 0.33N/A 0.74 1.38 0.44N/A Toledo El. N/A 6.39US 6.57CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.33 0.90 0.08 -0.25 CAD $/bu 6.70 7.27 6.45 7.33 CAD $/tonne 246.36 267.14 236.92 269.21 (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 512.91 - 514.02 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00