FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, August 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.958 up 0.0042 Chicago corn closed limit up. SEP11 HI 7.11 1/4 DEC11 HI 7.15 3/4 LOW 6.77 LOW 6.81 3/4 CLOSE7.11 1/4 Up 30 CLOSE 7.15 3/4 Up 30 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP11+DEC11+DEC11 CK Low 0.65 7.76 305.60 -0.35 6.81 268.00 CK High 0.80 7.91 311.50 -0.30 6.86 269.97 CK Avg 0.78 1.06 7.89 310.52 -0.33 -0.06 6.83 268.98 Essex Cty 0.65 7.76 305.60 -0.30 6.86 269.97 Mdsx Low 0.65 7.76 305.60 -0.35 6.81 268.00 Mdsx High 0.80 7.91 311.50 -0.30 6.86 269.97 Mdsx Avg 0.75 1.03 7.86 309.53 -0.33 -0.07 6.82 268.66 Hensall 0.80 7.91 311.50 -0.35 6.81 268.00 Bruce 0.80 7.91 311.50 -0.35 6.81 268.00 Putnam 0.80 7.91 311.50 -0.35 6.81 268.00 Princeton 0.65 7.76 305.60 -0.30 6.86 269.97 Durham 0.80 7.91 311.50 -0.40 6.76 266.03 Norfolk 0.80 7.91 311.50 -0.30 6.86 269.97 Palmerston N/A -0.30 6.86 269.97 Varna 0.80 7.91 311.50 -0.30 6.86 269.97 Trenton 0.90 8.01 315.44 -0.35 6.81 268.00 Winchester 1.10 8.21 323.31 -0.35 6.81 268.00 North Gower 0.60 7.71 303.63 -0.65 6.51 256.19 Huron FOB 0.80 7.91 311.50 -0.35 6.81 268.00 Kent FOB 0.80 7.91 311.50 -0.30 6.86 269.97 Lamb FOB 0.80 7.91 311.50 -0.30 6.86 269.97 Mdsx FOB 0.80N/A N/A N/A 7.91 311.50 -0.35 6.81 268.00 FOB SW Que 0.40 7.51 295.75 -0.45 6.71 264.06 Track 1.20 8.31 327.25N/A PROCESSORS Chat-Eth N/A 1.15 1.25N/A N/A Jhnstwn-Eth N/A 1.25 1.30N/A -0.35 6.81 268.00 Aylmer-Eth 0.95 1.05 1.10N/A 8.06 317.41 -0.30 6.86 269.97 Sarn-Eth N/A N/A 1.15N/A -0.30 6.86 269.97 Cllngwd-Eth N/A N/A N/A N/A -0.40* 6.76 266.03 London-Cas 0.55 1.10 1.20N/A 7.66 301.66 -0.75 6.41 252.25 Pt.Colb-Cas 0.70 1.25 1.30N/A 7.81 307.56 -0.70 6.46 254.22 Cardnl-Cas 0.65 1.20 1.30N/A 7.76 305.60 -0.85 6.31 248.32 W O Feed 1.18 1.22 8.29 326.46 US Rep 1.30 1.34 8.41 331.19 Toledo El. 0.55 7.66 301.55 -0.23 6.93 272.68 TRANSFER Sarnia 0.65 7.76 305.60 -0.30 6.86270 Pt. Stanley 0.75 7.86 309.53 -0.52 6.64261 1/3 Hamilton N/A -0.38 6.78266 5/6 MID SD CRN -0.32 1/2 6.83 1/4 HI SD CRN -0.30 6.85 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.958 up 0.0042 Chicago soybeans closed moderately higher. NOV11 HI 13.84 3/4 NOV11 HI 13.84 3/4 LOW 13.50 3/4 LOW 13.50 3/4 CLOSE13.79 3/4 Up 17 3/4 CLOSE 13.79 3/4 Up 17 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -1.00 12.80 470.23-1.40 12.40 455.53 CK High -0.88 12.92 474.64-1.27 12.53 460.31 CK Average -0.95 -0.4012.84 471.94-1.36-0.8512.43 456.88 Essex Cty -0.80 13.00 477.58-1.34 12.46 457.73 Mdsx Low -1.01 12.79 469.86-1.70 12.10 444.51 Mdsx High -0.90 12.90 473.90-1.30 12.50 459.20 Mdsx Average -0.97 -0.4212.83 471.33-1.45-0.9412.35 453.69 Hensall -1.00 12.80 470.23-1.40 12.40 455.53 Bruce -1.00 12.80 470.23-1.35 12.45 457.37 Putnam -1.00 12.80 470.23-1.35 12.45 457.37 Princeton -0.86 12.94 475.37-1.36 12.44 457.00 Durham -0.97 12.83 471.33-1.37 12.43 456.63 Norfolk -0.85 12.95 475.74-1.31 12.49 458.84 Palmerston -1.10 12.70 466.55-1.55 12.25 450.02 Varna -1.10 12.70 466.55-1.55 12.25 450.02 Trenton N/A -1.10 12.70 466.55 Winchester -1.05 12.75 468.39-1.05 12.75 468.39 North Gower -1.15 12.65 464.72-1.15 12.65 464.72 Huron FOB -0.90 12.90 473.90-1.30 12.50 459.20 Kent FOB -0.88 12.92 474.64-1.36 12.44 457.00 Lambton FOB -0.88 12.92 474.64-1.36 12.44 457.00 Middlesex FOB-0.78 N/A N/A N/A 13.02 478.31-1.08 12.72 467.29 PROCESSORS Hamilton -0.49-0.59 N/A N/A 13.31 488.97-1.00 12.80 470.23 Windsor -0.46 N/A N/A N/A 13.34 490.07-0.98 12.82 470.96 Winchester -1.19 12.61 463.25-1.19 12.61 463.25 TRANSFER Hamilton -0.70 N/A N/A N/A 13.10 481.25-0.90 12.90 473.90 Pt. Stanley -1.15 12.65 464.72-1.35 12.45 457.37 Sarnia -0.96 12.84 471.70-0.96 12.84 471.70 Owen Sound N/A N/A Sorel QC -0.50 13.30 488.60-0.50 13.30 488.60 Toledo El. -0.12 13.67 502.39-0.41 13.38 491.76 Bank of Canada Noon exchange rate was 0.958 up 0.0042 Chicago wheat closed higher to sharply higher. SEP11 HI 7.23 JUL12 HI 8.22 LOW 6.64 1/4 LOW 7.70 CLOSE 7.18 Up 41 1/2 CLOSE 8.18 Up 33 3/4 Minni wheat closed moderately higher to higher. SEP11 HI 8.57 3/4 SEP12 HI 8.76 3/4 LOW 8.08 3/4 LOW 8.29 3/4 CLOSE 8.49 1/2 Up 15 1/4 CLOSE 8.74 Up 36 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.14 0.43 -0.53 -0.24 CAD $/bu 7.04 7.61 6.65 8.25 CAD $/tonne 258.55 279.71 244.44 303.17 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 0.20 -0.85 N/A N/A -0.70 -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 -0.85 N/A -0.70 N/A -1.65 N/A Trenton N/A N/A -0.70 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 -0.87 N/A N/A N/A -1.56 N/A Norwich -0.30 N/A -0.85 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 -0.85 N/A -0.70 N/A -1.65 N/A Chatham N/A 0.25 -0.70 N/A N/A -0.66 -1.51 N/A Brigden N/A 0.25 -0.70 N/A N/A -0.66 -1.51 N/A Palmerston N/A 0.20 -0.80 -0.20 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 -0.70 N/A -0.70 -0.65 -1.65 N/A Thornton N/A N/A N/A -0.81 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 -0.38 0.29 -0.57 N/A -0.63 -0.29 -1.25 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 -0.50N/A Toledo El. 7.30US 7.01CA 7.90US 7.61CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.69 -0.11 -1.17 -0.71 CAD $/bu 7.49 8.07 7.01 8.03 CAD $/tonne 275.24 296.47 257.55 295.05 (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 270.00 FOB Hm Soymeal 399.26 - 405.88 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00