FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, August 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9879 down 0.0013 Chicago corn closed narrowly mixed. SEP11 HI 7.07 3/4 DEC11 HI 7.21 LOW 6.97 1/2 LOW 7.10 CLOSE7.01 3/4 Down 3/4 CLOSE 7.14 1/2 Up 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 0.85 7.87 309.73 -0.30 6.85 269.48 CK High 0.85 7.87 309.73 -0.30 6.85 269.48 CK Avg 0.85 0.91 7.87 309.73 -0.30 -0.26 6.85 269.48 Essex Cty 0.85 7.87 309.73 -0.30 6.85 269.48 Mdsx Low 0.85 7.87 309.73 -0.30 6.85 269.48 Mdsx High 0.85 7.87 309.73 -0.30 6.85 269.48 Mdsx Avg 0.85 0.91 7.87 309.73 -0.30 -0.26 6.85 269.48 Hensall 0.80 7.82 307.76 -0.30 6.85 269.48 Bruce 0.80 7.82 307.76 -0.30 6.85 269.48 Putnam 0.85 7.87 309.73 -0.30 6.85 269.48 Princeton 0.85 7.87 309.73 -0.30 6.85 269.48 Durham 0.85 7.87 309.73 -0.35 6.80 267.51 Norfolk 0.85 7.87 309.73 -0.30 6.85 269.48 Palmerston 0.80 7.82 307.76 -0.30 6.85 269.48 Varna 0.75 7.77 305.79 -0.30 6.85 269.48 Trenton 0.90 7.92 311.70 -0.35 6.80 267.51 Winchester 0.95 7.97 313.67 -0.30 6.85 269.48 North Gower 0.95 7.97 313.67 -0.40 6.75 265.54 Huron FOB 0.70 7.72 303.82 -0.30 6.85 269.48 Kent FOB 0.85 7.87 309.73 -0.30 6.85 269.48 Lamb FOB 0.85 7.87 309.73 -0.30 6.85 269.48 Mdsx FOB 0.85N/A N/A N/A 7.87 309.73 -0.30 6.85 269.48 FOB SW Que 0.75 7.77 305.79 -0.40 6.75 265.54 Track 1.15 8.17 321.54N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A -0.35 6.80 267.51 Aylmer-Eth 0.55 0.50 0.55N/A 7.57 297.92 -0.40 6.75 265.54 Sarn-Eth N/A N/A N/A N/A -0.20 6.95 273.41 Cllngwd-Eth N/A N/A N/A N/A -0.40* 6.75 265.54 London-Cas N/A 0.90 1.00N/A -0.70 6.45 253.73 Pt.Colb-Cas 0.75 1.25 1.15N/A 7.77 305.79 -0.65 6.50 255.70 Cardnl-Cas N/A 1.00 1.05N/A -0.80 6.35 249.79 W O Feed 1.13 1.14 8.15 320.75 US Rep 1.15 1.16 8.17 321.54 Toledo El. 0.54 7.55 297.34 -0.24 6.91 271.89 TRANSFER Sarnia 0.85 7.87 309.73 -0.30 6.85269 1/2 Pt. Stanley 0.50 7.52 295.95 -0.30 6.85269 1/2 Hamilton 0.50 7.52296 -0.30 6.85269 1/2 MID SD CRN -0.30 6.84 1/2 HI SD CRN -0.30 6.84 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9879 down 0.0013 Chicago soybeans closed slightly higher. NOV11 HI 13.43 3/4 NOV11 HI 13.43 3/4 LOW 13.26 LOW 13.26 CLOSE13.34 3/4 Up 3 CLOSE 13.34 3/4 Up 3 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.38 12.97 476.47-1.00 12.35 453.69 CK High -0.30 13.05 479.41-0.85 12.50 459.20 CK Average -0.34 -0.2313.00 477.82-0.95-0.8712.40 455.65 Essex Cty -0.31 13.04 479.05-0.84 12.51 459.57 Mdsx Low -0.39 12.96 476.11-0.98 12.37 454.43 Mdsx High -0.30 13.05 479.41-0.94 12.41 455.90 Mdsx Average -0.35 -0.2313.00 477.70-0.96-0.8812.39 455.29 Hensall -0.35 13.00 477.58-0.90 12.45 457.37 Bruce -0.30 13.05 479.41-0.95 12.40 455.53 Putnam -0.30 13.05 479.41-0.85 12.50 459.20 Princeton -0.40 12.95 475.74-0.87 12.48 458.47 Durham -0.35 13.00 477.58-0.98 12.37 454.43 Norfolk -0.33 13.02 478.31-0.88 12.47 458.10 Palmerston -0.40 12.95 475.74-0.85 12.50 459.20 Varna -0.45 12.90 473.90-0.85 12.50 459.20 Trenton N/A -0.85 12.50 459.20 Winchester -0.93 12.42 456.27-0.78 12.57 461.78 North Gower N/A -0.75 12.60 462.88 Huron FOB -0.20 13.15 483.09-0.70 12.65 464.72 Kent FOB -0.36 12.99 477.21-0.93 12.42 456.27 Lambton FOB -0.36 12.99 477.21-0.93 12.42 456.27 Middlesex FOB0.04 N/A N/A N/A 13.39 491.91-0.70 12.65 464.72 PROCESSORS Hamilton 0.47 -0.02 N/A N/A 13.82 507.71-0.55 12.80 470.23 Windsor 0.00 N/A N/A N/A 13.35 490.44-0.58 12.77 469.13 Winchester -0.83 12.52 459.94-0.68 12.67 465.45 TRANSFER Hamilton 0.15 N/A N/A N/A 13.50 495.95-0.30 13.05 479.41 Pt. Stanley -0.30 13.05 479.41-0.70 12.65 464.72 Sarnia -0.47 12.88 473.17-0.53 12.82 470.96 Owen Sound N/A N/A Sorel QC -0.10 13.25 486.76-0.10 13.25 486.76 Toledo El. -0.18 13.17 483.88-0.36 12.99 477.28 Bank of Canada Noon exchange rate was 0.9879 down 0.0013 Chicago wheat closed mixed. SEP11 HI 7.18 3/4 JUL12 HI 7.96 LOW 6.96 1/4 LOW 7.82 1/4 CLOSE 7.02 1/2 Up 1 1/4 CLOSE 7.83 1/4 Down 8 1/2 Minni wheat closed slightly lower. SEP11 HI 8.75 SEP12 HI 8.69 3/4 LOW 8.57 1/4 LOW 8.54 1/4 CLOSE 8.61 1/4 Down 1 1/4 CLOSE 8.55 1/4 Down 9 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.21 0.53 -0.46 -0.22 CAD $/bu 6.81 7.56 6.57 8.39 CAD $/tonne 250.38 277.70 241.28 308.20 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 -0.65 N/A N/A -0.50 -1.25 N/A London -0.39 0.25 -0.69 N/A N/A -0.46 -1.29 N/A Hensall -0.40 N/A -0.45 N/A -0.50 N/A -1.30 N/A Trenton N/A N/A -0.70 N/A N/A N/A -1.20 N/A Winchester N/A N/A N/A -0.80 N/A N/A N/A N/A Essex N/A N/A -0.56 N/A N/A N/A -1.25 N/A Norwich -0.30 N/A -0.60 N/A -0.50 N/A -1.30 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 -0.60 N/A -0.50 N/A -1.30 N/A Chatham N/A 0.20 -0.57 N/A N/A -0.55 -1.27 N/A Brigden N/A 0.20 -0.57 N/A N/A -0.55 -1.27 N/A Palmerston N/A 0.38 -0.46 -0.12 N/A -0.28 -1.06 -0.40 Varna -0.46 0.25 -0.55 N/A -0.50 -0.30 -1.30 N/A Mitchell -0.40 0.15 -0.45 N/A -0.50 -0.35 -1.20 N/A Thornton N/A N/A N/A -0.85 N/A N/A N/A N/A North Gower N/A N/A N/A -0.40 N/A N/A N/A N/A TERMINAL Sarnia -0.33 0.47 -0.38 N/A -0.34 -0.04 -0.94 N/A Hamilton N/A N/A -0.40 N/A N/A N/A -1.15 N/A Pt. Stanley N/A N/A -0.90 N/A N/A N/A -1.60 N/A PROCESSORS Toledo FM N/A 0.93 0.14N/A 0.45N/A -0.24N/A Toledo El. 7.15US 7.08CA 7.55US 7.51CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.44 0.16 -0.89 -0.45 CAD $/bu 7.39 7.99 6.94 8.11 CAD $/tonne 271.58 293.50 255.13 297.88 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 280.00 - 290.00 Bayport Oats 305.00 Bayport Barley 265.00 FOB Hm Soymeal 404.67 - 405.77 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00