FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0332 up 0.0088 Chicago corn closed slightly to moderately higher. JUL12 HI 6.05 1/2 DEC12 HI 5.44 1/4 LOW 5.85 1/4 LOW 5.38 1/4 CLOSE5.97 3/4 Up 3 3/4 CLOSE 5.43 3/4 Up 7 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 5.78 227.45 -0.60 4.84 190.44 CK High -0.05 5.93 233.36 -0.55 4.89 192.41 CK Avg -0.09 -0.28 5.89 231.72 -0.58 -0.75 4.85 191.10 Essex Cty -0.05 5.93 233.36 -0.65 4.79 188.48 Mdsx Low -0.10 5.88 231.39 -0.60 4.84 190.44 Mdsx High -0.05 5.93 233.36 -0.55 4.89 192.41 Mdsx Avg -0.08 -0.26 5.90 232.37 -0.58 -0.74 4.86 191.43 Hensall -0.10 5.88 231.39 -0.55 4.89 192.41 Bruce -0.10 5.88 231.39 -0.55 4.89 192.41 Putnam -0.10 5.88 231.39 -0.55 4.89 192.41 Burford -0.05 5.93 233.36 -0.60 4.84 190.44 Port Perry -0.05 5.93 233.36 -0.60 4.84 190.44 Norfolk -0.05 5.93 233.36 -0.60 4.84 190.44 Palmerston -0.15 5.83 229.42 -0.55 4.89 192.41 Varna -0.10 5.88 231.39 -0.55 4.89 192.41 Trenton 0.25 6.23 245.17 -0.60 4.84 190.44 Winchester 0.20 6.18 243.20 -0.50 4.94 194.38 North Gower 0.00 5.98 235.32 -0.60 4.84 190.44 Huron FOB -0.05 5.93 233.36 -0.55 4.89 192.41 Kent FOB -0.05 5.93 233.36 -0.60 4.84 190.44 Lamb FOB -0.05 5.93 233.36 -0.60 4.84 190.44 Mdsx FOB -0.05N/A N/A N/A 5.93 233.36 -0.60 4.84 190.44 FOB SW Que 0.65 6.63 260.91 -0.30 5.14 202.25 Track 0.28 6.25 246.15N/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 5.19 204.22 Aylmer-Eth -0.25 0.30 0.35 0.55 5.73 225.48 -0.60 4.84 190.44 Sarn-Eth N/A 0.70 0.75 0.85 N/A Cllngwd-Eth -0.10N/A N/A N/A 5.88 231.39-0.30* 5.14 202.25 London-Cas N/A N/A 0.85 0.95 -0.50 4.94 194.38 Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.45 4.99 196.35 Cardnl-Cas N/A N/A 1.15 1.00 -0.45 4.99 196.35 W O Feed 0.19 0.16 6.17 242.80 US Rep 0.95 0.92 6.93 272.72 Toledo El. 0.33 6.31 248.31 -0.34 5.10 200.67 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.24 6.22244 7/9 -0.37 5.07199 1/2 MID SD CRN -0.57 1/2 4.86 1/4 HI SD CRN -0.55 4.88 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0332 up 0.0088 Chicago soybeans closed moderately lower to steady. JUL12 HI 14.39 NOV12 HI 13.35 LOW 14.08 1/4 LOW 13.28 CLOSE14.25 Down 3 CLOSE 13.32 1/2 down8 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV12 CK Low -0.16 14.09 517.72-0.30 -0.30 -11.02 CK High -0.09 14.16 520.29-0.22 -0.22 -8.08 CK Average -0.14 -0.5814.11 518.39-0.27-0.27-0.27 -9.80 Essex Cty -0.03 14.22 522.50-0.14 -0.14 -5.14 Mdsx Low -0.11 14.14 519.56-0.25 -0.25 -9.19 Mdsx High -0.10 14.15 519.92-0.25 -0.25 -9.19 Mdsx Average -0.11 -0.5414.15 519.74-0.25-0.25-0.25 -9.19 Hensall -0.10 14.15 519.92-0.25 -0.25 -9.19 Bruce -0.10 14.15 519.92-0.25 -0.25 -9.19 Putnam -0.10 14.15 519.92-0.25 -0.25 -9.19 Burford -0.11 14.14 519.56-0.25 -0.25 -9.19 Port Perry -0.14 14.11 518.45-0.28 -0.28 -10.29 Norfolk -0.05 14.20 521.76-0.22 -0.22 -8.08 Palmerston -0.15 14.10 518.09-0.30 -0.30 -11.02 Varna 0.00 14.25 523.60-0.15 -0.15 -5.51 Trenton -0.30 13.95 512.57-0.30 -0.30 -11.02 Winchester -0.30 13.95 512.57-0.25 -0.25 -9.19 North Gower -0.29 13.96 512.94-0.18 -0.18 -6.61 Huron FOB 0.05 14.30 525.44-0.10 -0.10 -3.67 Kent FOB -0.09 14.16 520.29-0.27 -0.27 -9.92 Lambton FOB -0.09 14.16 520.29-0.27 -0.27 -9.92 Middlesex FOB-0.05-0.05 N/A N/A 14.20 521.760.00 0.00 0.00 PROCESSORS Hamilton 0.30 0.35 0.60 0.30 14.55 534.620.35 0.35 12.86 Windsor 0.20 0.20 N/A N/A 14.45 530.950.09 0.09 3.31 Winchester -0.35 13.90 510.74-0.27 -0.27 -9.92 TRANSFER Hamilton 0.15 N/A N/A N/A 14.40 529.110.25 0.25 9.19 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.30 14.55 534.620.50 0.50 18.37 Toledo El. -0.15 14.10 517.92-0.29 -0.29 -10.60 Bank of Canada Noon exchange rate was 1.0332 up 0.0088 Chicago wheat closed moderately lower. JUL12 HI 6.38 3/4 JUL12 HI 6.38 3/4 LOW 6.27 3/4 LOW 6.27 3/4 CLOSE 6.29 Down 12 3/4 CLOSE 6.29 Down 12 3/4 Minni wheat closed narrowly mixed. JUL12 HI 7.73 3/4 SEP12 HI 7.65 LOW 7.61 1/4 LOW 7.53 3/4 CLOSE 7.67 Up 1/4 CLOSE 7.59 Down 2 3/4 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 6.28 7.05 6.33 7.49 CAD $/tonne 230.64 259.05 232.54 275.33 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 -0.32 N/A London -0.30 0.29 -0.35 N/A 0.23 0.39 -0.28 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 -0.35 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 -0.32 N/A Brigden N/A N/A N/A N/A N/A 0.50 -0.32 N/A Palmerston N/A 0.42 -0.20 -0.02 N/A 0.66 -0.16 -0.34 Varna 0.45 0.55 -0.25 N/A 0.63 0.73 -0.07 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 0.35N/A 0.76 1.40 0.45N/A Toledo El. N/A 6.31US 6.50CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.35 0.91 0.09 -0.23 CAD $/bu 6.64 7.20 6.38 7.36 CAD $/tonne 243.90 264.73 234.43 270.41 (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 513.80 - 528.13 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00