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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, August 15<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.9838 down 0.0041<BR>Chicago corn closed moderately higher.</DIV>
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<DIV> SEP11 HI 7.11 3/4 DEC11 HI 7.24 1/4<BR> LOW 7.02 3/4 LOW 7.15 1/2<BR> CLOSE7.07 1/4 Up 5 1/2 CLOSE 7.20 Up 5 1/2</DIV>
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<DIV> OLD CROP BASIS NEW CROP BASIS<BR>Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt<BR>ELEVATORS +DEC11+DEC11+DEC11<BR>CK Low 0.75 7.82 307.96 -0.30 6.90 271.64<BR>CK High 0.85 7.92 311.90 -0.30 6.90 271.64<BR>CK Avg 0.80 0.93 7.87 309.93 -0.30 -0.19 6.90 271.64<BR>Essex Cty 0.85 7.92 311.90 -0.30 6.90 271.64<BR>Mdsx Low 0.75 7.82 307.96 -0.30 6.90 271.64<BR>Mdsx High 0.85 7.92 311.90 -0.30 6.90 271.64<BR>Mdsx Avg 0.80 0.93 7.87 309.93 -0.30 -0.19 6.90 271.64<BR>Hensall 0.78 7.85 308.94 -0.30 6.90 271.64<BR>Bruce 0.80 7.87 309.93 -0.30 6.90 271.64<BR>Putnam 0.80 7.87 309.93 -0.30 6.90 271.64<BR>Princeton 0.85 7.92 311.90 -0.30 6.90 271.64<BR>Durham 0.75 7.82 307.96 -0.35 6.85 269.67<BR>Norfolk 0.80 7.87 309.93 -0.30 6.90 271.64<BR>Palmerston 0.70 7.77 305.99 -0.30 6.90 271.64<BR>Varna 0.75 7.82 307.96 -0.30 6.90 271.64<BR>Trenton 0.90 7.97 313.86 -0.35 6.85 269.67<BR>Winchester 0.85 7.92 311.90 -0.30 6.90 271.64<BR>North Gower 0.95 8.02 315.83 -0.40 6.80 267.70<BR>Huron FOB 0.70 7.77 305.99 -0.30 6.90 271.64<BR>Kent FOB 0.80 7.87 309.93 -0.30 6.90 271.64<BR>Lamb FOB 0.80 7.87 309.93 -0.30 6.90 271.64<BR>Mdsx FOB 0.85 0.85N/A N/A 7.92 311.90 -0.30 6.90 271.64<BR>FOB SW Que 0.70 7.77 305.99 -0.55 6.65 261.80<BR>Track 1.15 8.22 323.71N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A N/A<BR>Jhnstwn-Eth N/A 0.85 1.05N/A -0.35 6.85 269.67<BR>Aylmer-Eth 0.55 0.50 0.55N/A 7.62 300.08 -0.40 6.80 267.70<BR>Sarn-Eth N/A N/A N/A N/A -0.20 7.00 275.58<BR>Cllngwd-Eth N/A N/A N/A N/A -0.40* 6.80 267.70<BR>London-Cas N/A N/A 0.95N/A -0.70 6.50 255.89<BR>Pt.Colb-Cas 0.75 1.00 1.05N/A 7.82 307.96 -0.65 6.55 257.86<BR>Cardnl-Cas N/A 0.85 1.05N/A -0.80 6.40 251.96<BR>W O Feed 1.13 1.15 8.20 322.92</DIV>
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<DIV>US Rep 1.15 1.17 8.22 323.71<BR>Toledo El. 0.46 7.53 296.60 -0.24 6.96 274.15</DIV>
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<DIV>TRANSFER<BR>Sarnia 0.85 7.92 311.90 -0.30 6.90271 2/3<BR>Pt. Stanley 0.47 7.54 296.94 -0.36 6.84269 2/7<BR>Hamilton 0.47 7.54297 -0.70 6.50255 8/9</DIV>
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<DIV>MID SD CRN -0.30 6.90<BR>HI SD CRN -0.30 6.90<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9838 down 0.0041<BR>Chicago soybeans closed moderately higher.</DIV>
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<DIV> NOV11 HI 13.51 3/4 NOV11 HI 13.51 3/4<BR> LOW 13.38 LOW 13.38<BR> CLOSE13.51 1/4 Up 16 1/2 CLOSE 13.51 1/4 Up 16 1/2</DIV>
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<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +NOV1+NOV1+NOV11<BR>CK Low -0.45 13.06 479.96-1.00 12.51 459.76<BR>CK High -0.36 13.15 483.27-0.90 12.61 463.43<BR>CK Average -0.41 -0.1713.10 481.37-0.96-0.7512.56 461.35<BR>Essex Cty -0.31 13.20 485.11-0.84 12.67 465.63<BR>Mdsx Low -0.45 13.06 479.96-0.99 12.52 460.12<BR>Mdsx High -0.35 13.16 483.64-0.94 12.57 461.96<BR>Mdsx Average -0.40 -0.1513.11 481.80-0.96-0.7512.55 461.23<BR>Hensall -0.40 13.11 481.80-0.98 12.54 460.67<BR>Bruce -0.45 13.06 479.96-0.95 12.56 461.59<BR>Putnam -0.45 13.06 479.96-0.95 12.56 461.59<BR>Princeton -0.40 13.11 481.80-0.87 12.64 464.53<BR>Durham -0.36 13.15 483.27-0.99 12.52 460.12<BR>Norfolk -0.33 13.18 484.37-0.88 12.63 464.16<BR>Palmerston -0.40 13.11 481.80-0.85 12.66 465.27<BR>Varna -0.45 13.06 479.96-0.85 12.66 465.27<BR>Trenton N/A -0.85 12.66 465.27<BR>Winchester -0.43 13.08 480.70-0.78 12.73 467.84<BR>North Gower N/A -0.75 12.76 468.94<BR>Huron FOB -0.15 13.36 490.99-0.85 12.66 465.27<BR>Kent FOB -0.36 13.15 483.27-0.93 12.58 462.33<BR>Lambton FOB -0.36 13.15 483.27-0.93 12.58 462.33<BR>Middlesex FOB-0.25-0.25 N/A N/A 13.26 487.31-0.83 12.68 466.00</DIV>
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<DIV>PROCESSORS<BR>Hamilton 0.12 -0.08-0.40 N/A 13.63 500.91-0.65 12.86 472.62<BR>Windsor -0.10 N/A N/A N/A 13.41 492.83-0.71 12.80 470.41<BR>Winchester -0.83 12.68 466.00-0.68 12.83 471.51</DIV>
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<DIV>TRANSFER<BR>Hamilton 0.10 N/A N/A N/A 13.61 500.17-0.45 13.06 479.96<BR>Pt. Stanley -0.35 13.16 483.64-0.90 12.61 463.43<BR>Sarnia -0.47 13.04 479.23-0.53 12.98 477.03<BR>Owen Sound N/A N/A<BR>Sorel QC -0.30 13.21 485.48-0.25 13.26 487.31</DIV>
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<DIV>Toledo El. -0.18 13.34 490.01-0.35 13.16 483.47</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9838 down 0.0041<BR>Chicago wheat closed slightly higher.<BR>SEP11 HI 7.21 1/4 JUL12 HI 7.97 1/4<BR> LOW 7.04 1/4 LOW 7.85 1/2<BR> CLOSE 7.12 1/2 Up 10 CLOSE 7.91 1/4 Up 8</DIV>
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<DIV>Minni wheat closed slightly to moderately higher.<BR>SEP11 HI 8.79 1/2 SEP12 HI 8.71<BR> LOW 8.61 3/4 LOW 8.59 1/2<BR> CLOSE 8.72 3/4 Up 11 1/2 CLOSE 8.64 1/2 Up 9 1/4</DIV>
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<DIV>GFO Cash Wheat Prices - DEL Terminal<BR>Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.28 0.46 -0.52 -0.31<BR>CAD $/bu 6.85 7.58 6.60 8.42<BR>CAD $/tonne 251.63 278.69 242.61 309.44</DIV>
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<DIV><BR>Direct MarkHarvest 2011 Harvest 2012<BR> DELIVERED BASIS DELIVERED BASIS<BR>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<BR>ELEVATORS<BR>Brgssvll N/A 0.15 -0.65 N/A N/A -0.55 -1.27 N/A<BR>London -0.40 0.24 -0.70 N/A N/A -0.46 -1.30 N/A<BR>Hensall -0.40 N/A -0.55 N/A -0.50 N/A -1.30 N/A<BR>Trenton N/A N/A -0.70 N/A N/A N/A -1.20 N/A<BR>Winchester N/A N/A N/A -0.80 N/A N/A N/A N/A<BR>Essex N/A N/A -0.62 N/A N/A N/A -1.31 N/A<BR>Norwich -0.30 N/A -0.65 N/A -0.50 N/A -1.30 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.40 N/A -0.65 N/A -0.50 N/A -1.30 N/A<BR>Chatham N/A 0.20 -0.57 N/A N/A -0.55 -1.27 N/A<BR>Brigden N/A 0.20 -0.57 N/A N/A -0.55 -1.27 N/A<BR>Palmerston N/A 0.33 -0.50 -0.22 N/A -0.32 -1.11 -0.40<BR>Varna -0.40 0.25 -0.55 N/A -0.50 -0.30 -1.30 N/A<BR>Mitchell -0.40 0.15 -0.55 N/A -0.50 -0.35 -1.20 N/A<BR>Thornton N/A N/A N/A -0.87 N/A N/A N/A N/A<BR>North Gower N/A N/A N/A -0.40 N/A N/A N/A N/A</DIV>
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<DIV>TERMINAL<BR>Sarnia -0.33 0.47 -0.38 N/A -0.34 -0.04 -0.94 N/A<BR>Hamilton N/A N/A -0.45 N/A N/A N/A -1.10 N/A<BR>Pt. Stanley N/A N/A -0.90 N/A N/A N/A -1.55 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.85 0.07N/A 0.37N/A -0.32N/A</DIV>
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<DIV>Toledo El. 7.25US 7.11CA 7.63US 7.52CA</DIV>
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<DIV>GFO Contract Wheat Prices - DEL Terminal<BR>Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.51 0.08 -0.96 -0.53<BR>CAD $/bu 7.40 7.99 6.95 8.12<BR>CAD $/tonne 271.82 293.53 255.54 298.33</DIV>
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<DIV>(C)-Basis over the Chicago Board of Trade futures<BR>(M)-Basis over the Minneapolis Grain Exchange</DIV>
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<DIV>FEED GRAINS<BR>Bayport Wheat 280.00 - 290.00<BR>Bayport Oats 305.00<BR>Bayport Barley 265.00<BR>FOB Hm Soymeal 410.07 - 415.58<BR>DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00<BR></DIV>
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<DIV>John Jordan<BR>Editor, AgriLink and Farm Market News<BR>University of Guelph, Ridgetown Campus<BR>Tel. 519-674-1500 x 63577</DIV>
<DIV>Fax. 519-674-1530<BR>E-mail: jjordan@ridgetownc.uoguelph.ca<BR>AgriLink website : www.ridgetownc.com/agrilink </DIV></BODY></HTML>