FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, August 5 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9843 up 0.0076 Chicago corn closed narrowly mixed. SEP11 HI 6.99 3/4 DEC11 HI 7.09 1/4 LOW 6.79 LOW 6.87 CLOSE6.93 Down 3/4 CLOSE 7.03 Up 1 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 7.73 304.32 -0.35 6.68 262.98 CK High 0.85 7.78 306.29 -0.30 6.73 264.95 CK Avg 0.84 0.98 7.77 305.96 -0.31 -0.20 6.72 264.62 Essex Cty 0.80 7.73 304.32 -0.30 6.73 264.95 Mdsx Low 0.80 7.73 304.32 -0.35 6.68 262.98 Mdsx High 0.85 7.78 306.29 -0.30 6.73 264.95 Mdsx Avg 0.83 0.97 7.76 305.63 -0.32 -0.21 6.71 264.29 Hensall 0.83 7.76 305.30 -0.30 6.73 264.95 Bruce 0.85 7.78 306.29 -0.30 6.73 264.95 Putnam 0.80 7.73 304.32 -0.35 6.68 262.98 Princeton 0.80 7.73 304.32 -0.30 6.73 264.95 Durham 0.85 7.78 306.29 -0.40 6.63 261.01 Norfolk 0.85 7.78 306.29 -0.30 6.73 264.95 Palmerston 0.80 7.73 304.32 -0.30 6.73 264.95 Varna 0.80 7.73 304.32 -0.35 6.68 262.98 Trenton 0.90 7.83 308.25 -0.35 6.68 262.98 Winchester 1.00 7.93 312.19 -0.30 6.73 264.95 North Gower 0.60 7.53 296.44 -0.65 6.38 251.17 Huron FOB 0.80 7.73 304.32 -0.30 6.73 264.95 Kent FOB 0.85 7.78 306.29 -0.30 6.73 264.95 Lamb FOB 0.85 7.78 306.29 -0.30 6.73 264.95 Mdsx FOB 0.85N/A N/A N/A 7.78 306.29 -0.35 6.68 262.98 FOB SW Que 0.70 7.63 300.38 -0.40 6.63 261.01 Track 1.23 8.16 321.05N/A PROCESSORS Chat-Eth N/A N/A 1.25N/A N/A Jhnstwn-Eth N/A 1.25 1.30N/A -0.35 6.68 262.98 Aylmer-Eth 0.95 1.05 1.10N/A 7.88 310.22 -0.30 6.73 264.95 Sarn-Eth N/A N/A 1.15N/A -0.30 6.73 264.95 Cllngwd-Eth N/A N/A N/A N/A -0.40* 6.63 261.01 London-Cas 0.55 1.10 1.20N/A 7.48 294.47 -0.75 6.28 247.23 Pt.Colb-Cas 0.70 1.25 1.30N/A 7.63 300.38 -0.70 6.33 249.20 Cardnl-Cas 0.65 1.20 1.30N/A 7.58 298.41 -0.85 6.18 243.30 W O Feed 1.18 1.20 8.11 319.28 US Rep 1.30 1.32 8.23 324.00 Toledo El. 0.56 7.49 294.82 -0.24 6.79 267.45 TRANSFER Sarnia 0.80 7.73 304.32 -0.30 6.73265 Pt. Stanley 0.85 7.78 306.29 -0.45 6.58259 Hamilton 0.70 7.63300 3/8 -0.30 6.73265 MID SD CRN -0.32 1/2 6.70 1/2 HI SD CRN -0.30 6.73 *Wet Bid Bank of Canada Noon exchange rate was 0.9843 up 0.0076 Chicago soybeans closed slightly lower. NOV11 HI 13.45 NOV11 HI 13.45 LOW 13.21 LOW 13.21 CLOSE13.36 Down 9 1/4 CLOSE 13.36 Down 9 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.70 12.66 465.18-1.15 12.21 448.64 CK High -0.60 12.76 468.85-1.00 12.36 454.15 CK Average -0.66 -0.3912.70 466.71-1.11-0.9112.25 450.23 Essex Cty -0.53 12.83 471.42-1.05 12.31 452.32 Mdsx Low -0.70 12.66 465.18-1.10 12.26 450.48 Mdsx High -0.66 12.70 466.65-1.09 12.27 450.85 Mdsx Average -0.69 -0.4212.67 465.67-1.09-0.8912.27 450.72 Hensall -0.70 12.66 465.18-1.13 12.24 449.56 Bruce -0.70 12.66 465.18-1.10 12.26 450.48 Putnam -0.90 12.46 457.83-1.35 12.01 441.29 Princeton -0.61 12.75 468.48-1.07 12.29 451.58 Durham -0.66 12.70 466.65-1.09 12.27 450.85 Norfolk -0.59 12.77 469.22-1.07 12.29 451.58 Palmerston -0.80 12.56 461.50-1.25 12.11 444.97 Varna -0.90 12.46 457.83-1.35 12.01 441.29 Trenton N/A -0.95 12.41 455.99 Winchester -1.00 12.36 454.15-1.00 12.36 454.15 North Gower -1.15 12.21 448.64-1.15 12.21 448.64 Huron FOB -0.50 12.86 472.52-1.00 12.36 454.15 Kent FOB -0.62 12.74 468.11-1.12 12.24 449.74 Lambton FOB -0.62 12.74 468.11-1.12 12.24 449.74 Middlesex FOB-0.50 N/A N/A N/A 12.86 472.52-0.84 12.52 460.03 PROCESSORS Hamilton -0.13-0.18 N/A N/A 13.23 486.12-0.70 12.66 465.18 Windsor -0.16 N/A N/A N/A 13.20 485.02-0.73 12.63 464.07 Winchester -0.95 12.41 455.99-0.95 12.41 455.99 TRANSFER Hamilton -0.50 N/A N/A N/A 12.86 472.52-0.70 12.66 465.18 Pt. Stanley -0.95 12.41 455.99-1.20 12.16 446.80 Sarnia -0.69 12.67 465.54-0.69 12.67 465.54 Owen Sound N/A N/A Sorel QC -0.25 13.11 481.71-0.25 13.11 481.71 Toledo El. -0.13 13.23 486.21-0.35 13.01 477.87 Bank of Canada Noon exchange rate was 0.9843 up 0.0076 Chicago wheat closed narrowly mixed. SEP11 HI 6.82 3/4 JUL12 HI 7.86 3/4 LOW 6.65 1/4 LOW 7.67 CLOSE 6.79 Down 2 3/4 CLOSE 7.84 3/4 Up 2 Minni wheat closed slightly higher. SEP11 HI 8.29 3/4 SEP12 HI 8.49 1/4 LOW 8.10 1/2 LOW 8.30 1/4 CLOSE 8.27 1/2 Up 4 1/4 CLOSE 8.47 3/4 Up 5 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.09 0.50 -0.48 -0.16 CAD $/bu 6.70 7.29 6.31 8.11 CAD $/tonne 246.33 267.93 231.92 298.00 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 -0.55 -1.50 N/A London -0.26 0.28 -0.70 N/A N/A -0.53 -1.36 N/A Hensall -0.40 N/A -0.60 N/A -0.60 N/A -1.35 N/A Trenton N/A N/A -0.60 N/A N/A N/A -1.50 N/A Winchester N/A N/A N/A -0.80 N/A N/A N/A N/A Essex N/A N/A -0.93 N/A N/A N/A -1.58 N/A Norwich -0.30 N/A -0.80 N/A -0.60 N/A -1.45 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 -0.80 N/A -0.60 N/A -1.45 N/A Chatham N/A 0.25 -0.70 N/A N/A -0.50 -1.40 N/A Brigden N/A 0.25 -0.70 N/A N/A -0.50 -1.40 N/A Palmerston N/A 0.19 -0.64 -0.41 N/A -0.42 -1.20 -0.40 Varna -0.15 0.25 -0.60 N/A -0.60 -0.45 -1.45 N/A Mitchell -0.40 0.05 -0.60 N/A -0.60 -0.45 -1.25 N/A Thornton N/A N/A N/A -0.82 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 -0.32 0.36 -0.47 N/A -0.51 -0.17 -1.15 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 0.85 0.06N/A N/A N/A -0.31N/A Toledo El. 6.91US 6.77CA 7.57US 7.45CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.51 0.08 -1.00 -0.52 CAD $/bu 7.34 7.93 6.84 7.96 CAD $/tonne 269.55 291.27 251.45 292.35 (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 397.83 - 400.04 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00