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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, August 24<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0563 up 0.0049<BR>Chicago corn closed lower.</DIV>
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<DIV> SEP10 HI 4.16 DEC10 HI 4.31 1/2<BR> LOW 3.99 3/4 LOW 4.15 1/4<BR> CLOSE4.05 1/4 Down 12 CLOSE 4.20 1/2 Down 12 1/4</DIV>
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<DIV> OLD CROP BASIS NEW CROP BASIS<BR>Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt<BR>ELEVATORS +DEC10+DEC10+DEC10<BR>CK Low -0.50 3.55 139.86 -0.55 3.66 143.89<BR>CK High -0.45 3.60 141.82 -0.55 3.66 143.89<BR>CK Avg -0.49 -0.73 3.56 140.18 -0.55 -0.80 3.66 143.89<BR>Essex Cty -0.50 3.55 139.86 -0.55 3.66 143.89<BR>Mdsx Low -0.50 3.55 139.86 -0.55 3.66 143.89<BR>Mdsx High -0.50 3.55 139.86 -0.55 3.66 143.89<BR>Mdsx Avg -0.50 -0.74 3.55 139.86 -0.55 -0.80 3.66 143.89<BR>Hensall -0.48 3.57 140.64 -0.53 3.68 144.68<BR>Bruce -0.50 3.55 139.86 -0.55 3.66 143.89<BR>Putnam -0.50 3.55 139.86 -0.55 3.66 143.89<BR>Princeton -0.50 3.55 139.86 -0.55 3.66 143.89<BR>Durham -0.50 3.55 139.86 -0.55 3.66 143.89<BR>Norfolk -0.45 3.60 141.82 -0.55 3.66 143.89<BR>Trenton -0.40 3.65 143.79 -0.55 3.66 143.89<BR>Winchester -0.20 3.85 151.67 -0.45 3.76 147.83<BR>North Gower N/A N/A<BR>Huron FOB -0.46 3.59 141.43 -0.51 3.70 145.47<BR>Kent FOB -0.45 3.60 141.82 -0.55 3.66 143.89<BR>Lamb FOB -0.45 3.60 141.82 -0.55 3.66 143.89<BR>Mdsx FOB -0.55 N/A N/A N/A 3.50 137.89 -0.60 3.61 141.92<BR>FOB SW Que -0.25 3.80 149.70 -0.25 3.96 155.70<BR>Track -0.05 4.00 157.57 N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A -0.45 -0.40 -0.45 3.76 147.83<BR>Jhnstwn-Eth N/A N/A N/A N/A N/A<BR>Aylmer-Eth -0.45 -0.45 -0.45 -0.45 3.60 141.82 -0.45 3.76 147.83<BR>Sarn-Eth N/A -0.35 -0.35 -0.35 -0.35 3.86 151.76<BR>Cllngwd-Eth -0.10 N/A N/A N/A 3.95 155.60 N/A<BR>London-Cas N/A N/A -0.25 -0.40 -0.25 3.96 155.70<BR>Pt.Colb-Cas N/A -0.25 N/A -0.30 N/A<BR>Cardnl-Cas N/A N/A N/A -0.35 -0.35 3.86 151.76<BR>W O Feed 0.03 -0.03 4.08 160.72</DIV>
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<DIV>US Rep 0.10 0.04 4.15 163.48<BR>Toledo El. -0.22 3.83 150.78 -0.51 3.70 145.53</DIV>
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<DIV>TRANSFER<BR>Sarnia -0.50 3.55 139.86 -0.55 3.66 143.89<BR>Pt. Stanley N/A -0.60 3.61 141.92<BR>Hamilton -0.18 3.87 152.45 -0.35 3.86151 3/4</DIV>
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<DIV>MID SD CRN -0.55 3.65 1/2<BR>HI SD CRN -0.55 3.65 1/2</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0563 up 0.0049<BR>Chicago soybeans closed slightly lower.</DIV>
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<DIV> NOV10 HI 10.08 1/4 NOV10 HI 10.08 1/4<BR> LOW 9.93 3/4 LOW 9.93 3/4<BR> CLOSE9.99 Down 6 1/2 CLOSE 9.99 Down 6 1/2</DIV>
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<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +NOV1+NOV1+NOV10<BR>CK Low 0.11 10.10 371.11-0.25 9.74 357.88<BR>CK High 0.26 10.25 376.62-0.17 9.82 360.82<BR>CK Average 0.17 -0.4310.16 373.46-0.23-0.82 9.76 358.77<BR>Essex Cty 0.18 10.17 373.68-0.26 9.73 357.52<BR>Mdsx Low 0.12 10.11 371.48-0.25 9.74 357.88<BR>Mdsx High 0.31 10.30 378.46-0.17 9.82 360.82<BR>Mdsx Average 0.19 -0.4110.18 374.17-0.21-0.80 9.78 359.23<BR>Hensall 0.15 10.14 372.58-0.25 9.74 357.88<BR>Bruce 0.15 10.14 372.58-0.25 9.74 357.88<BR>Putnam 0.15 10.14 372.58-0.25 9.74 357.88<BR>Princeton 0.16 10.15 372.95-0.27 9.72 357.15<BR>Durham 0.29 10.28 377.73-0.19 9.80 360.09<BR>Norfolk 0.26 10.25 376.62-0.21 9.78 359.35<BR>Trenton -0.20 9.79 359.72-0.35 9.64 354.21<BR>Winchester -0.20 9.79 359.720.00 9.99 367.07<BR>North Gower N/A N/A<BR>Huron FOB 0.25 10.24 376.26-0.15 9.84 361.56<BR>Kent FOB 0.21 10.20 374.79-0.26 9.73 357.52<BR>Lambton FOB 0.21 10.20 374.79-0.26 9.73 357.52<BR>Middlesex FOB0.40 N/A N/A N/A 10.39 381.77-0.02 9.97 366.33</DIV>
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<DIV>PROCESSORS<BR>Hamilton 0.52 N/A N/A N/A 10.51 386.180.22 10.21 375.15<BR>Windsor 0.64 N/A N/A N/A 10.63 390.590.15 10.14 372.58<BR>Winchester -0.10 9.89 363.400.06 10.05 369.27</DIV>
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<DIV>TRANSFER<BR>Hamilton N/A N/A N/A N/A 0.30 10.29 378.09<BR>Pt. Stanley N/A -0.15 9.84 361.56<BR>Sarnia 0.21 10.20 374.790.22 10.21 375.15<BR>Owen Sound -0.11 9.88 363.03-0.48 9.51 349.43<BR>Sorel QC 0.75 10.74 394.630.75 10.74 394.63</DIV>
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<DIV>Toledo El. 0.13 10.12 371.74-0.26 9.73 357.34</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0563 up 0.0049<BR>Chicago wheat closed slightly to moderately lower.<BR> SEP10 HI 6.93 JUL11 HI 7.18<BR> LOW 6.68 1/4 LOW 7.03 1/4<BR> CLOSE 6.74 3/4 Down 17 1/2 CLOSE 7.10 Down 8 1/2</DIV>
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<DIV>Minni wheat closed slightly to moderately lower.<BR> DEC10 HI 7.26 3/4 SEP11 HI 7.07 1/2<BR> LOW 7.10 3/4 LOW 7.02 3/4<BR> CLOSE 7.14 1/4 Down 12 1/2 CLOSE 7.04 3/4 Down 7 1/4</DIV>
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<DIV>GFO Cash Wheat Prices - DEL Terminal<BR>Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.71 -0.60 -1.50 -1.00<BR>CAD $/bu 6.04 6.15 5.24 6.14<BR>CAD $/tonne 221.91 225.80 192.70 225.61</DIV>
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<DIV><BR>Direct MarkHarvest 2010 Harvest 2011<BR> DELIVERED BASIS DELIVERED BASIS<BR>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<BR>ELEVATORS<BR>Brgssvll N/A -1.05 -2.00 N/A N/A -1.20 -2.20 N/A<BR>London -0.62 -0.88 -1.68 N/A -1.45 -1.13 -2.09 N/A<BR>Hensall -1.05 N/A -1.70 N/A -1.25 N/A -2.00 N/A<BR>Trenton N/A N/A -1.40 N/A N/A N/A -1.90 N/A<BR>Winchester N/A N/A N/A N/A N/A N/A N/A N/A<BR>Essex N/A N/A N/A N/A N/A N/A -2.07 N/A<BR>Norwich -1.05 N/A -1.70 N/A -1.25 N/A -2.00 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -1.05 N/A -1.75 N/A -1.25 N/A -2.00 N/A<BR>Chatham -1.11 -0.92 -1.76 N/A N/A -1.06 -2.01 N/A<BR>Brigden -1.11 -0.91 -1.76 N/A N/A -1.06 -2.01 N/A<BR>Palmerston N/A -0.95 -1.75 -0.76 N/A -0.93 -1.94 -0.87<BR>Mitchell -1.05 -0.90 -1.70 N/A -1.25 -1.20 -2.00 N/A<BR>Thornton N/A N/A N/A -1.12 N/A N/A N/A N/A<BR>North Gower N/A N/A N/A N/A N/A N/A N/A N/A</DIV>
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<DIV>TERMINAL<BR>Sarnia N/A N/A N/A N/A -1.18 -0.81 -1.69 N/A<BR>Hamilton N/A N/A -1.20 N/A N/A N/A -1.35 N/A<BR>Pt. Stanley N/A N/A -1.65 N/A N/A N/A -1.80 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A N/A -0.39 N/A 0.95 N/A -0.64 N/A</DIV>
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<DIV>Toledo El. 5.87US 6.22CA 5.97US 6.32CA</DIV>
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<DIV>GFO Contract Wheat Prices - DEL Terminal<BR>Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -1.06 -0.85 -1.65 -1.17<BR>CAD $/bu 6.04 6.25 5.45 5.87<BR>CAD $/tonne 221.79 229.58 200.39 215.86</DIV>
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<DIV>(C)-Basis over the Chicago Board of Trade futures<BR>(M)-Basis over the Minneapolis Grain Exchange</DIV>
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<DIV>FEED GRAINS<BR>Bayport Wheat 235.00 - 250.00<BR>Bayport Oats 265.00<BR>Bayport Barley 215.00<BR>FOB Hm Soymeal 376.34 - 387.36<BR>DDG's FOB Sarnia 125.00<BR></DIV>
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<DIV> </DIV>John Jordan<BR>Editor, AgriLink and Farm Market News<BR>University of Guelph, Ridgetown Campus<BR>Tel. 519-674-1577<BR>Fax. 519-674-1530<BR>E-mail: jjordan@ridgetownc.uoguelph.ca<BR>AgriLink website : www.ridgetownc.com/agrilink </BODY></HTML>