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