FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, August 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.989 up 0.0047 Chicago corn closed lower. SEP11 HI 6.91 DEC11 HI 7.01 LOW 6.70 1/2 LOW 6.80 1/2 CLOSE6.75 1/4 Down 17 3/4 CLOSE 6.86 Down 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 0.80 7.55 297.33 -0.35 6.51 256.29 CK High 0.85 7.60 299.30 -0.30 6.56 258.26 CK Avg 0.84 0.91 7.59 298.97 -0.31 -0.29 6.55 257.93 Essex Cty 0.80 7.55 297.33 -0.30 6.56 258.26 Mdsx Low 0.80 7.55 297.33 -0.35 6.51 256.29 Mdsx High 0.85 7.60 299.30 -0.30 6.56 258.26 Mdsx Avg 0.83 0.90 7.59 298.64 -0.32 -0.30 6.54 257.60 Hensall 0.85 7.60 299.30 -0.30 6.56 258.26 Bruce 0.85 7.60 299.30 -0.30 6.56 258.26 Putnam 0.85 7.60 299.30 -0.30 6.56 258.26 Princeton 0.80 7.55 297.33 -0.30 6.56 258.26 Durham 0.85 7.60 299.30 -0.40 6.46 254.32 Norfolk 0.85 7.60 299.30 -0.30 6.56 258.26 Palmerston 0.80 7.55 297.33 -0.30 6.56 258.26 Varna 0.85 7.60 299.30 -0.30 6.56 258.26 Trenton 0.90 7.65 301.27 -0.35 6.51 256.29 Winchester 1.00 7.75 305.20 -0.30 6.56 258.26 North Gower 0.65 7.40 291.42 -0.65 6.21 244.48 Huron FOB 0.85 7.60 299.30 -0.30 6.56 258.26 Kent FOB 0.85 7.60 299.30 -0.30 6.56 258.26 Lamb FOB 0.85 7.60 299.30 -0.30 6.56 258.26 Mdsx FOB 0.85N/A N/A N/A 7.60 299.30 -0.35 6.51 256.29 FOB SW Que 0.70 7.45 293.39 -0.40 6.46 254.32 Track 1.23 7.98 314.06N/A PROCESSORS Chat-Eth N/A N/A 1.25N/A N/A Jhnstwn-Eth N/A 1.25 1.30N/A -0.35 6.51 256.29 Aylmer-Eth 0.95 1.05 1.10N/A 7.70 303.23 -0.30 6.56 258.26 Sarn-Eth N/A N/A 1.15N/A -0.30 6.56 258.26 Cllngwd-Eth N/A N/A N/A N/A -0.40* 6.46 254.32 London-Cas 0.55 1.10 1.20N/A 7.30 287.49 -0.75 6.11 240.54 Pt.Colb-Cas 0.70 1.25 1.30N/A 7.45 293.39 -0.70 6.16 242.51 Cardnl-Cas 0.50 1.05 1.10N/A 7.25 285.52 -0.80 6.06 238.57 W O Feed 1.18 1.19 7.93 312.29 US Rep 1.30 1.31 8.05 317.01 Toledo El. 0.56 7.32 288.06 -0.24 6.62 260.64 TRANSFER Sarnia 0.80 7.55 297.33 -0.30 6.56258 1/4 Pt. Stanley 0.85 7.60 299.30 -0.45 6.41252 1/3 Hamilton 0.70 7.45293 2/5 -0.30 6.56258 1/4 MID SD CRN -0.32 1/2 6.53 1/2 HI SD CRN -0.30 6.56 *Wet Bid Bank of Canada Noon exchange rate was 0.989 up 0.0047 Chicago soybeans closed lower. NOV11 HI 13.30 NOV11 HI 13.30 LOW 13.08 LOW 13.08 CLOSE13.11 1/2 Down 24 1/2 CLOSE 13.11 1/2 Down 24 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.53 12.59 462.42-1.00 12.12 445.15 CK High -0.45 12.67 465.36-0.90 12.22 448.82 CK Average -0.50 -0.3712.62 463.64-0.97-0.9312.15 446.44 Essex Cty -0.40 12.72 467.20-0.92 12.20 448.09 Mdsx Low -0.56 12.56 461.32-1.00 12.12 445.15 Mdsx High -0.50 12.62 463.52-0.95 12.17 446.99 Mdsx Average -0.52 -0.4012.60 462.79-0.97-0.9312.15 446.25 Hensall -0.50 12.62 463.52-0.98 12.14 446.07 Bruce -0.50 12.62 463.52-0.95 12.17 446.99 Putnam -0.50 12.62 463.52-0.95 12.17 446.99 Princeton -0.45 12.67 465.36-0.92 12.20 448.09 Durham -0.52 12.60 462.79-0.96 12.16 446.62 Norfolk -0.42 12.70 466.46-0.99 12.13 445.52 Palmerston -0.70 12.42 456.17-1.10 12.02 441.48 Varna -0.50 12.62 463.52-0.85 12.27 450.66 Trenton N/A -0.75 12.37 454.34 Winchester -0.66 12.46 457.64-0.66 12.46 457.64 North Gower -1.15 11.97 439.64-1.15 11.97 439.64 Huron FOB -0.30 12.82 470.87-0.70 12.42 456.17 Kent FOB -0.45 12.67 465.36-0.95 12.17 446.99 Lambton FOB -0.45 12.67 465.36-0.95 12.17 446.99 Middlesex FOB-0.36 N/A N/A N/A 12.76 468.67-0.70 12.42 456.17 PROCESSORS Hamilton 0.05 0.05 N/A N/A 13.17 483.73-0.50 12.62 463.52 Windsor -0.20 N/A N/A N/A 12.92 474.55-0.78 12.34 453.23 Winchester -0.90 12.22 448.82-0.90 12.22 448.82 TRANSFER Hamilton -0.50 N/A N/A N/A 12.62 463.52-0.70 12.42 456.17 Pt. Stanley -0.95 12.17 446.99-1.20 11.92 437.80 Sarnia -0.49 12.63 463.89-0.56 12.56 461.32 Owen Sound N/A N/A Sorel QC -0.25 12.87 472.71-0.25 12.87 472.71 Toledo El. -0.13 12.99 477.16-0.36 12.76 468.70 Bank of Canada Noon exchange rate was 0.989 up 0.0047 Chicago wheat closed lower. SEP11 HI 6.77 1/2 JUL12 HI 7.84 LOW 6.42 1/4 LOW 7.53 CLOSE 6.56 1/2 Down 22 1/2 CLOSE 7.58 3/4 Down 26 Minni wheat closed lower. SEP11 HI 8.29 3/4 SEP12 HI 8.34 LOW 8.00 LOW 8.22 3/4 CLOSE 8.05 1/4 Down 22 1/4 CLOSE 8.24 1/2 Down 23 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.21 0.58 -0.41 -0.08 CAD $/bu 6.35 7.15 6.16 7.98 CAD $/tonne 233.49 262.61 226.21 293.09 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 0.25 -0.75 N/A N/A -0.45 -1.35 N/A London -0.23 0.31 -0.62 N/A N/A -0.44 -1.28 N/A Hensall -0.40 N/A -0.50 N/A -0.50 N/A -1.35 N/A Trenton N/A N/A -0.60 N/A N/A N/A -1.35 N/A Winchester N/A N/A N/A -0.80 N/A N/A N/A N/A Essex N/A N/A -0.74 N/A N/A N/A -1.39 N/A Norwich -0.30 N/A -0.75 N/A -0.50 N/A -1.35 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 -0.75 N/A -0.50 N/A -1.35 N/A Chatham N/A 0.30 -0.62 N/A N/A -0.45 -1.32 N/A Brigden N/A 0.30 -0.62 N/A N/A -0.45 -1.32 N/A Palmerston N/A 0.32 -0.20 -0.27 N/A -0.29 -1.08 -0.40 Varna -0.15 0.35 -0.45 N/A -0.50 -0.30 -1.30 N/A Mitchell -0.40 0.15 -0.50 N/A -0.50 -0.35 -1.25 N/A Thornton N/A N/A N/A -0.73 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 -0.23 0.49 -0.37 N/A -0.43 -0.08 -1.03 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 0.93 0.14N/A N/A N/A -0.22N/A Toledo El. 6.69US 6.62CA 7.31US 7.29CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.42 0.18 -0.92 -0.42 CAD $/bu 7.17 7.77 6.67 7.82 CAD $/tonne 263.38 285.37 245.06 287.48 (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 392.10 - 394.30 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00