FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, August 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9538 up 0.0000 Chicago corn closed higher. SEP11 HI 6.84 DEC11 HI 6.86 3/4 LOW 6.65 1/4 LOW 6.68 CLOSE6.81 1/4 Up 15 3/4 CLOSE 6.85 3/4 Up 17 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +DEC11+DEC11+DEC11 CK Low 0.65 7.46 293.79 -0.35 6.51 256.19 CK High 0.80 7.61 299.69 -0.30 6.56 258.16 CK Avg 0.78 1.07 7.59 298.71 -0.32 -0.04 6.54 257.50 Essex Cty 0.65 7.46 293.79 -0.30 6.56 258.16 Mdsx Low 0.65 7.46 293.79 -0.35 6.51 256.19 Mdsx High 0.80 7.61 299.69 -0.30 6.56 258.16 Mdsx Avg 0.75 1.04 7.56 297.72 -0.32 -0.04 6.54 257.50 Hensall 0.80 7.61 299.69 -0.33 6.53 257.17 Bruce 0.80 7.61 299.69 -0.35 6.51 256.19 Putnam 0.80 7.61 299.69 -0.35 6.51 256.19 Princeton 0.65 7.46 293.79 -0.30 6.56 258.16 Durham 0.80 7.61 299.69 -0.35 6.51 256.19 Norfolk 0.80 7.61 299.69 -0.30 6.56 258.16 Palmerston 0.80 7.61 299.69 -0.30 6.56 258.16 Varna 0.80 7.61 299.69 -0.35 6.51 256.19 Trenton 0.90 7.71 303.63 -0.35 6.51 256.19 Winchester 1.10 7.91 311.50 -0.35 6.51 256.19 North Gower 0.65 7.46 293.79 -0.65 6.21 244.38 Huron FOB 0.80 7.61 299.69 -0.30 6.56 258.16 Kent FOB 0.80 7.61 299.69 -0.30 6.56 258.16 Lamb FOB 0.80 7.61 299.69 -0.30 6.56 258.16 Mdsx FOB 0.80N/A N/A N/A 7.61 299.69 -0.35 6.51 256.19 FOB SW Que 0.40 7.21 283.94 -0.60 6.26 246.35 Track 1.25 8.06 317.41N/A PROCESSORS Chat-Eth 0.80 1.15 1.25N/A 7.61 299.69N/A Jhnstwn-Eth N/A 1.25 1.30N/A -0.35 6.51 256.19 Aylmer-Eth 0.95 1.05 1.10N/A 7.76 305.60 -0.30 6.56 258.16 Sarn-Eth 0.85 1.10 1.25N/A 7.66 301.66 -0.30 6.56 258.16 Cllngwd-Eth N/A N/A N/A N/A -0.55* 6.31 248.32 London-Cas 0.55 1.10 1.20N/A 7.36 289.85 -0.75 6.11 240.44 Pt.Colb-Cas 0.70 1.25 1.30N/A 7.51 295.75 -0.70 6.16 242.41 Cardnl-Cas 0.65 1.20 1.30N/A 7.46 293.79 -0.85 6.01 236.50 W O Feed 1.19 1.23 8.00 315.04 US Rep 1.30 1.34 8.11 319.38 Toledo El. 0.56 7.38 290.43 -0.23 6.63 260.90 TRANSFER Sarnia 0.65 7.46 293.79 -0.30 6.56258 1/6 Pt. Stanley 0.75 7.56 297.72 -0.52 6.34249 1/2 Hamilton N/A -0.38 6.48255 MID SD CRN -0.32 1/2 6.53 1/4 HI SD CRN -0.30 6.55 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9538 up 0.0000 Chicago soybeans closed slightly higher. NOV11 HI 13.74 NOV11 HI 13.74 LOW 13.55 1/4 LOW 13.55 1/4 CLOSE13.62 Up 4 3/4 CLOSE 13.62 Up 4 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -1.18 12.44 457.09-1.56 12.06 443.13 CK High -0.95 12.67 465.54-1.32 12.30 451.95 CK Average -1.06 -0.4712.57 461.68-1.46-0.9112.16 446.86 Essex Cty -1.13 12.49 458.93-1.55 12.07 443.50 Mdsx Low -1.18 12.44 457.09-1.55 12.07 443.50 Mdsx High -1.04 12.58 462.24-1.37 12.25 450.11 Mdsx Average -1.11 -0.5212.51 459.79-1.49-0.9412.13 445.70 Hensall -1.10 12.52 460.03-1.55 12.07 443.50 Bruce -1.10 12.52 460.03-1.55 12.07 443.50 Putnam -1.10 12.52 460.03-1.55 12.07 443.50 Princeton -1.14 12.48 458.56-1.55 12.07 443.50 Durham -1.00 12.62 463.71-1.37 12.25 450.11 Norfolk -0.90 12.72 467.38-1.33 12.29 451.58 Palmerston -1.10 12.52 460.03-1.55 12.07 443.50 Varna -1.10 12.52 460.03-1.55 12.07 443.50 Trenton N/A -1.35 12.27 450.85 Winchester -1.29 12.33 453.05-1.29 12.33 453.05 North Gower -1.15 12.47 458.19-1.15 12.47 458.19 Huron FOB -0.95 12.67 465.54-1.40 12.22 449.01 Kent FOB -0.95 12.67 465.54-1.38 12.24 449.74 Lambton FOB -0.95 12.67 465.54-1.38 12.24 449.74 Middlesex FOB-0.80-0.76 N/A N/A 12.82 471.05-1.11 12.51 459.66 PROCESSORS Hamilton -0.49-0.59 N/A N/A 13.13 482.44-1.00 12.62 463.71 Windsor -0.53-0.53 N/A N/A 13.09 480.98-1.02 12.60 462.97 Winchester -1.19 12.43 456.72-1.19 12.43 456.72 TRANSFER Hamilton -0.70 N/A N/A N/A 12.92 474.73-0.90 12.72 467.38 Pt. Stanley -1.15 12.47 458.19-1.35 12.27 450.85 Sarnia -1.15 12.47 458.19-1.13 12.49 458.93 Owen Sound N/A N/A Sorel QC -0.65 12.97 476.57-0.65 12.97 476.57 Toledo El. N/A -0.41 13.21 485.28 Bank of Canada Noon exchange rate was 0.9538 up 0.0000 Chicago wheat closed slightly to moderately higher. SEP11 HI 6.90 3/4 JUL12 HI 7.92 LOW 6.70 LOW 7.68 CLOSE 6.76 1/2 Up 4 CLOSE 7.84 1/4 Up 11 1/4 Minni wheat closed slightly higher. SEP11 HI 8.60 SEP12 HI 8.48 3/4 LOW 8.26 LOW 8.29 3/4 CLOSE 8.34 1/4 Up 3 1/2 CLOSE 8.37 1/4 Up 7 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.15 0.43 -0.53 -0.26 CAD $/bu 6.62 7.19 6.24 8.08 CAD $/tonne 243.21 264.31 229.14 296.94 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 0.10 -0.90 N/A N/A -0.75 -1.65 N/A London -0.25 0.18 -0.78 N/A N/A -0.68 -1.49 N/A Hensall -0.30 N/A -0.90 N/A -0.70 N/A -1.65 N/A Trenton N/A N/A -0.75 N/A N/A N/A -1.55 N/A Winchester N/A N/A N/A -1.05 N/A N/A N/A N/A Essex N/A N/A -0.78 N/A N/A N/A -1.57 N/A Norwich -0.30 N/A -0.90 N/A -0.70 N/A -1.65 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.35 N/A -0.90 N/A -0.70 N/A -1.65 N/A Chatham N/A 0.20 -0.75 N/A N/A -0.71 -1.47 N/A Brigden N/A 0.20 -0.75 N/A N/A -0.71 -1.47 N/A Palmerston N/A 0.18 -0.82 -0.21 N/A -0.63 -1.49 -0.40 Varna -0.30 0.10 -0.90 N/A -0.65 -0.65 -1.65 N/A Mitchell -0.30 0.05 -0.75 N/A -0.70 -0.65 -1.65 N/A Thornton N/A N/A N/A -1.07 N/A N/A N/A N/A North Gower N/A N/A N/A -0.85 N/A N/A N/A N/A TERMINAL Sarnia -0.18 0.39 -0.60 N/A -0.64 -0.26 -1.27 N/A Hamilton N/A N/A -0.70 N/A N/A N/A -1.30 N/A Pt. Stanley N/A N/A -1.10 N/A N/A N/A -1.75 N/A PROCESSORS Toledo FM N/A 0.67 -0.10N/A N/A N/A -0.51N/A Toledo El. 6.79US 6.49CA N/A GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.70 -0.12 -1.18 -0.72 CAD $/bu 7.14 7.72 6.66 7.65 CAD $/tonne 262.49 283.65 244.86 281.19 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 300.00 Bayport Oats 300.00 Bayport Barley 275.00 FOB Hm Soymeal 394.30 DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00