FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, August 4 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9767 up 0.0133 Chicago corn closed lower. SEP11 HI 7.06 DEC11 HI 7.12 1/2 LOW 6.81 3/4 LOW 6.88 CLOSE6.93 3/4 Down 12 1/4 CLOSE 7.01 1/2 Down 11 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +DEC11+DEC11+DEC11 CK Low 0.80 7.74 304.61 -0.35 6.67 262.39 CK High 0.85 7.79 306.58 -0.30 6.72 264.36 CK Avg 0.81 0.96 7.75 304.94 -0.33 -0.20 6.69 263.37 Essex Cty 0.80 7.74 304.61 -0.30 6.72 264.36 Mdsx Low 0.80 7.74 304.61 -0.35 6.67 262.39 Mdsx High 0.80 7.74 304.61 -0.30 6.72 264.36 Mdsx Avg 0.80 0.95 7.74 304.61 -0.33 -0.21 6.68 263.05 Hensall 0.80 7.74 304.61 -0.35 6.67 262.39 Bruce 0.80 7.74 304.61 -0.35 6.67 262.39 Putnam 0.80 7.74 304.61 -0.35 6.67 262.39 Princeton 0.80 7.74 304.61 -0.30 6.72 264.36 Durham 0.80 7.74 304.61 -0.40 6.62 260.42 Norfolk 0.85 7.79 306.58 -0.30 6.72 264.36 Palmerston 0.80 7.74 304.61 -0.30 6.72 264.36 Varna 0.80 7.74 304.61 -0.35 6.67 262.39 Trenton 0.90 7.84 308.55 -0.35 6.67 262.39 Winchester 1.00 7.94 312.49 -0.35 6.67 262.39 North Gower 0.60 7.54 296.74 -0.65 6.37 250.58 Huron FOB 0.80 7.74 304.61 -0.35 6.67 262.39 Kent FOB 0.85 7.79 306.58 -0.30 6.72 264.36 Lamb FOB 0.85 7.79 306.58 -0.30 6.72 264.36 Mdsx FOB 0.80N/A N/A N/A 7.74 304.61 -0.35 6.67 262.39 FOB SW Que 0.40 7.34 288.86 -0.45 6.57 258.45 Track 1.20 8.14 320.36N/A PROCESSORS Chat-Eth N/A N/A 1.25N/A N/A Jhnstwn-Eth N/A 1.25 1.30N/A -0.35 6.67 262.39 Aylmer-Eth 0.95 1.05 1.10N/A 7.89 310.52 -0.30 6.72 264.36 Sarn-Eth N/A N/A 1.15N/A -0.30 6.72 264.36 Cllngwd-Eth N/A N/A N/A N/A -0.40* 6.62 260.42 London-Cas 0.55 1.10 1.20N/A 7.49 294.77 -0.75 6.27 246.64 Pt.Colb-Cas 0.70 1.25 1.30N/A 7.64 300.68 -0.70 6.32 248.61 Cardnl-Cas 0.65 1.20 1.30N/A 7.59 298.71 -0.85 6.17 242.71 W O Feed 1.17 1.19 8.11 319.18 US Rep 1.30 1.32 8.24 324.30 Toledo El. 0.56 7.50 295.08 -0.24 6.78 266.89 TRANSFER Sarnia 0.80 7.74 304.61 -0.30 6.72264 1/3 Pt. Stanley 0.85 7.79 306.58 -0.45 6.57258 4/9 Hamilton 0.70 7.64300 2/3 -0.30 6.72264 1/3 MID SD CRN -0.32 1/2 6.69 HI SD CRN -0.30 6.71 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9767 up 0.0133 Chicago soybeans closed lower. NOV11 HI 13.72 1/2 NOV11 HI 13.72 1/2 LOW 13.39 1/4 LOW 13.39 1/4 CLOSE13.45 1/4 Down 27 3/4 CLOSE 13.45 1/4 Down 27 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.78 12.67 465.63-1.30 12.15 446.53 CK High -0.70 12.75 468.57-1.20 12.25 450.20 CK Average -0.75 -0.4712.70 466.68-1.24-0.9912.21 448.79 Essex Cty -0.65 12.80 470.41-1.17 12.28 451.30 Mdsx Low -0.80 12.65 464.90-1.25 12.20 448.37 Mdsx High -0.75 12.70 466.74-1.19 12.26 450.57 Mdsx Average -0.77 -0.4912.68 466.00-1.21-0.9712.24 449.71 Hensall -0.78 12.68 465.82-1.25 12.20 448.37 Bruce -0.75 12.70 466.74-1.25 12.20 448.37 Putnam -0.90 12.55 461.23-1.35 12.10 444.69 Princeton -0.71 12.74 468.21-1.19 12.26 450.57 Durham -0.76 12.69 466.37-1.19 12.26 450.57 Norfolk -0.67 12.78 469.68-1.24 12.21 448.73 Palmerston -0.90 12.55 461.23-1.35 12.10 444.69 Varna -0.90 12.55 461.23-1.35 12.10 444.69 Trenton N/A -1.10 12.35 453.88 Winchester -1.05 12.40 455.71-1.05 12.40 455.71 North Gower -1.15 12.30 452.04-1.15 12.30 452.04 Huron FOB -0.60 12.85 472.25-1.10 12.35 453.88 Kent FOB -0.70 12.75 468.57-1.20 12.25 450.20 Lambton FOB -0.70 12.75 468.57-1.20 12.25 450.20 Middlesex FOB-0.61 N/A N/A N/A 12.84 471.88-0.93 12.52 460.12 PROCESSORS Hamilton -0.15-0.20 N/A N/A 13.30 488.78-0.70 12.75 468.57 Windsor -0.17 N/A N/A N/A 13.28 488.05-0.74 12.71 467.10 Winchester -0.95 12.50 459.39-0.95 12.50 459.39 TRANSFER Hamilton -0.50 N/A N/A N/A 12.95 475.92-0.70 12.75 468.57 Pt. Stanley -0.95 12.50 459.39-1.20 12.25 450.20 Sarnia -0.81 12.64 464.53-0.80 12.65 464.90 Owen Sound N/A N/A Sorel QC -0.50 12.95 475.92-0.50 12.95 475.92 Toledo El. -0.13 13.33 489.62-0.35 13.10 481.31 Bank of Canada Noon exchange rate was 0.9767 up 0.0133 Chicago wheat closed lower. SEP11 HI 7.10 1/4 JUL12 HI 8.01 LOW 6.74 3/4 LOW 7.74 1/2 CLOSE 6.81 3/4 Down 28 3/4 CLOSE 7.82 3/4 Down 24 1/2 Minni wheat closed lower. SEP11 HI 8.41 1/4 SEP12 HI 8.58 LOW 8.16 3/4 LOW 8.37 1/2 CLOSE 8.23 1/4 Down 21 1/2 CLOSE 8.42 1/4 Down 22 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.00 0.59 -0.39 -0.08 CAD $/bu 6.82 7.41 6.43 8.16 CAD $/tonne 250.60 272.18 236.21 299.69 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 -0.21 0.28 -0.74 N/A N/A -0.58 -1.40 N/A Hensall -0.40 N/A -0.60 N/A -0.70 N/A -1.45 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 -0.83 N/A N/A N/A -1.54 N/A Norwich -0.30 N/A -0.85 N/A -0.70 N/A -1.55 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.40 N/A -0.85 N/A -0.70 N/A -1.55 N/A Chatham N/A 0.25 -0.75 N/A N/A -0.61 -1.45 N/A Brigden N/A 0.25 -0.75 N/A N/A -0.61 -1.45 N/A Palmerston N/A 0.19 -0.64 -0.41 N/A -0.42 -1.20 -0.40 Varna -0.15 0.25 -0.90 N/A -0.60 -0.45 -1.45 N/A Mitchell -0.40 0.05 -0.60 N/A -0.70 -0.55 -1.35 N/A Thornton N/A N/A N/A -0.80 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 -0.34 0.34 -0.50 N/A -0.58 -0.24 -1.21 N/A Hamilton N/A N/A -0.60 N/A N/A N/A -1.25 N/A Pt. Stanley N/A N/A -1.05 N/A N/A N/A -1.70 N/A PROCESSORS Toledo FM N/A 0.83 0.05N/A N/A N/A -0.34N/A Toledo El. 6.94US 6.79CA 7.55US 7.41CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.53 0.05 -1.03 -0.55 CAD $/bu 7.29 7.88 6.80 7.88 CAD $/tonne 267.96 289.60 249.92 289.42 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 280.00 - 300.00 Bayport Oats 300.00 Bayport Barley 270.00 FOB Hm Soymeal 396.18 - 400.59 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00