FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, September 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0497 down 0.0142 Chicago corn closed moderately higher. DEC10 HI 4.47 1/4 DEC10 HI 4.47 1/4 LOW 4.37 3/4 LOW 4.37 3/4 CLOSE4.46 3/4 Up 7 1/2 CLOSE 4.46 3/4 Up 7 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +DEC10+DEC10+MAR11 CK Low -0.65 3.82 150.29 -0.55 3.92 154.23 CK High -0.57 3.90 153.44 -0.55 3.92 154.23 CK Avg -0.60 -0.84 3.86 152.13 -0.55 -0.84 3.92 154.23 Essex Cty -0.65 3.82 150.29 -0.55 3.92 154.23 Mdsx Low -0.65 3.82 150.29 -0.55 3.92 154.23 Mdsx High -0.60 3.87 152.26 -0.55 3.92 154.23 Mdsx Avg -0.62 -0.85 3.85 151.60 -0.55 -0.84 3.92 154.23 Hensall -0.60 3.87 152.26 -0.58 3.89 153.24 Bruce -0.60 3.87 152.26 -0.55 3.92 154.23 Putnam -0.60 3.87 152.26 -0.55 3.92 154.23 Princeton -0.65 3.82 150.29 -0.55 3.92 154.23 Durham -0.60 3.87 152.26 -0.55 3.92 154.23 Norfolk -0.57 3.90 153.44 -0.55 3.92 154.23 Trenton -0.55 3.92 154.23 -0.55 3.92 154.23 Winchester -0.40 4.07 160.13 -0.40 4.07 160.13 North Gower N/A N/A Huron FOB -0.60 3.87 152.26 -0.60 3.87 152.26 Kent FOB -0.57 3.90 153.44 -0.55 3.92 154.23 Lamb FOB -0.57 3.90 153.44 -0.55 3.92 154.23 Mdsx FOB -0.60 N/A N/A N/A 3.87 152.26 -0.60 3.87 152.26 FOB SW Que -0.35 4.12 162.10 -0.30 4.17 164.07 Track -0.18 4.29 168.99 N/A PROCESSORS Chat-Eth N/A N/A N/A -0.45 N/A Jhnstwn-Eth N/A N/A N/A -0.15 N/A Aylmer-Eth -0.45 -0.45 -0.45 -0.45 4.02 158.16 -0.45 4.02 158.16 Sarn-Eth N/A -0.35 -0.35 N/A -0.35 4.12 162.10 Cllngwd-Eth -0.15 N/A N/A N/A 4.32 169.97 -0.20 4.27 168.00 London-Cas N/A -0.20 -0.40 -0.30 -0.40 4.07 160.13 Pt.Colb-Cas N/A N/A -0.30 -0.15 -0.30 4.17 164.07 Cardnl-Cas N/A N/A -0.30 -0.10 -0.30 4.17 164.07 W O Feed -0.15 -0.20 4.32 169.97 US Rep 0.00 -0.05 4.47 175.88 Toledo El. -0.37 4.10 161.37 -0.51 3.96 155.74 TRANSFER Sarnia -0.65 3.82 150.29 -0.55 3.92 154.23 Pt. Stanley N/A -0.56 3.91 153.83 Hamilton -0.19 4.28 168.40 -0.35 4.12162 MID SD CRN -0.55 3.91 3/4 HI SD CRN -0.55 3.91 3/4 Bank of Canada Noon exchange rate was 1.0497 down 0.0142 Chicago soybeans closed slightly lower. NOV10 HI 10.17 1/2 NOV10 HI 10.17 1/2 LOW 10.04 LOW 10.04 CLOSE10.05 1/2 Down 4 1/2 CLOSE 10.05 1/2 Down 4 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV10 CK Low -0.06 10.00 367.25-0.38 9.68 355.50 CK High 0.05 10.11 371.30-0.24 9.82 360.64 CK Average 0.00 -0.5310.05 369.31-0.32-0.98 9.73 357.55 Essex Cty 0.08 10.14 372.40-0.34 9.72 356.97 Mdsx Low 0.00 10.06 369.46-0.35 9.71 356.60 Mdsx High 0.03 10.09 370.56-0.27 9.79 359.54 Mdsx Average 0.01 -0.5210.07 369.83-0.31-0.97 9.75 358.07 Hensall 0.00 10.06 369.46-0.35 9.71 356.60 Bruce 0.00 10.06 369.46-0.35 9.71 356.60 Putnam 0.00 10.06 369.46-0.35 9.71 356.60 Princeton 0.04 10.10 370.93-0.36 9.70 356.23 Durham 0.01 10.07 369.83-0.33 9.73 357.33 Norfolk N/A -0.28 9.78 359.17 Trenton -0.20 9.86 362.11-0.35 9.71 356.60 Winchester -0.27 9.79 359.54-0.01 10.05 369.09 North Gower N/A N/A Huron FOB 0.15 10.21 374.97-0.20 9.86 362.11 Kent FOB 0.05 10.11 371.30-0.33 9.73 357.33 Lambton FOB 0.05 10.11 371.30-0.33 9.73 357.33 Middlesex FOB-0.07 N/A N/A N/A 9.99 366.89-0.16 9.90 363.58 PROCESSORS Hamilton 0.25 N/A N/A N/A 10.31 378.640.12 10.18 373.87 Windsor 0.46 N/A N/A N/A 10.52 386.360.05 10.11 371.30 Winchester -0.10 9.96 365.780.10 10.16 373.13 TRANSFER Hamilton N/A N/A N/A N/A 0.25 10.31 378.64 Pt. Stanley N/A -0.25 9.81 360.27 Sarnia 0.17 10.23 375.700.12 10.18 373.87 Owen Sound N/A N/A Sorel QC N/A 0.85 10.91 400.69 Toledo El. -0.08 9.97 366.36-0.27 9.79 359.67 Bank of Canada Noon exchange rate was 1.0497 down 0.0142 Chicago wheat closed moderately higher to higher. DEC10 HI 7.12 JUL11 HI 7.17 LOW 6.85 3/4 LOW 6.98 1/4 CLOSE 7.08 3/4 Up 23 CLOSE 7.15 3/4 Up 19 Minni wheat closed higher. DEC10 HI 7.29 SEP11 HI 7.17 3/4 LOW 7.03 LOW 7.00 CLOSE 7.26 Up 22 1/2 CLOSE 7.17 3/4 Up 24 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.10 -1.00 -1.89 -0.93 CAD $/bu 5.99 6.09 5.20 6.33 CAD $/tonne 219.98 223.85 190.97 232.45 Direct MarkHarvest 2010 Harvest 2011 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 -1.15 -2.00 N/A N/A -0.90 -2.00 N/A London -1.06 -1.32 -2.00 N/A -1.42 -1.21 -2.05 N/A Hensall -1.30 N/A -2.00 N/A -1.25 N/A -2.00 N/A Trenton N/A N/A -1.81 N/A N/A N/A -1.90 N/A Winchester N/A N/A N/A -0.78 N/A N/A N/A N/A Essex N/A N/A N/A N/A N/A N/A -2.12 N/A Norwich -1.30 N/A -2.00 N/A -1.25 N/A -2.00 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -1.30 N/A -2.00 N/A -1.25 N/A -2.00 N/A Chatham N/A -1.26 -2.03 N/A N/A -1.09 -2.00 N/A Brigden N/A -1.26 -2.03 N/A N/A -1.09 -2.00 N/A Palmerston N/A -1.40 -2.20 -0.68 N/A -0.97 -1.97 -0.79 Mitchell -1.30 -1.20 -2.00 N/A -1.25 -1.20 -2.00 N/A Thornton N/A N/A N/A -0.90 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia N/A N/A N/A N/A -1.09 -0.82 -1.61 N/A Hamilton N/A N/A -1.50 N/A N/A N/A -1.35 N/A Pt. Stanley N/A N/A -1.95 N/A N/A N/A -1.80 N/A PROCESSORS Toledo FM N/A N/A -0.68 N/A 1.00 N/A -0.60 N/A Toledo El. 5.90US 6.21CA 6.03US 6.42CA GFO Contract Wheat Prices - DEL Terminal Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -1.02 -0.81 -1.61 -1.13 CAD $/bu 6.13 6.35 5.55 6.05 CAD $/tonne 225.39 233.22 203.86 222.26 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 240.00 - 245.00 Bayport Oats 265.00 Bayport Barley 215.00 FOB Hm Soymeal 382.40 - 384.60 DDG's FOB Sarnia 135.00