FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, August 18 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9901 up 0.0081 Chicago corn closed lower. SEP11 HI 7.11 DEC11 HI 7.25 LOW 6.95 LOW 7.08 1/2 CLOSE6.99 Down 12 1/2 CLOSE 7.13 Down 12 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 0.70 7.69 302.74 -0.35 6.78 266.92 CK High 0.75 7.74 304.71 -0.35 6.78 266.92 CK Avg 0.73 0.79 7.72 304.05 -0.35 -0.33 6.78 266.92 Essex Cty 0.75 7.74 304.71 -0.35 6.78 266.92 Mdsx Low 0.70 7.69 302.74 -0.35 6.78 266.92 Mdsx High 0.75 7.74 304.71 -0.35 6.78 266.92 Mdsx Avg 0.73 0.79 7.72 304.05 -0.35 -0.33 6.78 266.92 Hensall 0.75 7.74 304.71 -0.35 6.78 266.92 Bruce 0.75 7.74 304.71 -0.35 6.78 266.92 Putnam 0.75 7.74 304.71 -0.35 6.78 266.92 Princeton 0.75 7.74 304.71 -0.35 6.78 266.92 Durham 0.70 7.69 302.74 -0.40 6.73 264.95 Norfolk 0.75 7.74 304.71 -0.35 6.78 266.92 Palmerston 0.70 7.69 302.74 -0.30 6.83 268.89 Varna 0.75 7.74 304.71 -0.30 6.83 268.89 Trenton 0.70 7.69 302.74 -0.35 6.78 266.92 Winchester 0.80 7.79 306.68 -0.30 6.83 268.89 North Gower N/A -0.40 6.73 264.95 Huron FOB 0.50 7.49 294.87 -0.40 6.73 264.95 Kent FOB 0.75 7.74 304.71 -0.35 6.78 266.92 Lamb FOB 0.75 7.74 304.71 -0.35 6.78 266.92 Mdsx FOB 0.70N/A N/A N/A 7.69 302.74 -0.35 6.78 266.92 FOB SW Que N/A -0.55 6.58 259.04 Track 1.18 8.17 321.44N/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 6.78 266.92 Aylmer-Eth 0.55 0.50 0.55N/A 7.54 296.84 -0.40 6.73 264.95 Sarn-Eth N/A N/A N/A N/A -0.20 6.93 272.82 Cllngwd-Eth 0.65N/A N/A N/A 7.64 300.77-0.30* 6.83 268.89 London-Cas N/A N/A 0.85N/A -0.70 6.43 253.14 Pt.Colb-Cas 0.75 1.00 1.05N/A 7.74 304.71 -0.65 6.48 255.11 Cardnl-Cas N/A N/A 1.00N/A -0.80 6.33 249.20 W O Feed 1.11 1.12 8.10 318.88 US Rep 1.10 1.11 8.09 318.49 Toledo El. 0.47 7.46 293.53 -0.24 6.89 271.28 TRANSFER Sarnia 0.75 7.74 304.71 -0.35 6.78267 Pt. Stanley 0.53 7.52 296.05 -0.35 6.78267 Hamilton 0.48 7.47294 -0.65 6.48255 1/9 MID SD CRN -0.35 6.78 HI SD CRN -0.35 6.78 *Wet Bid Bank of Canada Noon exchange rate was 0.9901 up 0.0081 Chicago soybeans closed slightly lower. NOV11 HI 13.69 NOV11 HI 13.69 LOW 13.45 LOW 13.45 CLOSE13.61 Down 5 3/4 CLOSE 13.61 Down 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.35 13.26 487.22-0.95 12.66 465.18 CK High -0.30 13.31 489.06-0.90 12.71 467.01 CK Average -0.32 -0.2013.30 488.51-0.91-0.8712.70 466.52 Essex Cty -0.30 13.31 489.06-0.84 12.77 469.22 Mdsx Low -0.34 13.27 487.59-0.93 12.68 465.91 Mdsx High -0.30 13.31 489.06-0.85 12.76 468.85 Mdsx Average -0.32 -0.2113.29 488.20-0.90-0.8612.71 466.89 Hensall -0.35 13.26 487.22-0.93 12.69 466.09 Bruce -0.30 13.31 489.06-0.85 12.76 468.85 Putnam -0.30 13.31 489.06-0.85 12.76 468.85 Princeton -0.33 13.28 487.96-0.86 12.75 468.48 Durham -0.30 13.31 489.06-0.93 12.68 465.91 Norfolk -0.28 13.33 489.79-0.85 12.76 468.85 Palmerston -0.40 13.21 485.38-0.85 12.76 468.85 Varna -0.45 13.16 483.55-0.85 12.76 468.85 Trenton N/A -0.85 12.76 468.85 Winchester -0.50 13.11 481.71-0.80 12.81 470.69 North Gower N/A -0.85 12.76 468.85 Huron FOB -0.25 13.36 490.90-0.85 12.76 468.85 Kent FOB -0.31 13.30 488.69-0.90 12.71 467.01 Lambton FOB -0.31 13.30 488.69-0.90 12.71 467.01 Middlesex FOB-0.19 N/A N/A N/A 13.42 493.10-0.78 12.83 471.42 PROCESSORS Hamilton 0.23 0.03 -0.30 N/A 13.84 508.53-0.55 13.06 479.87 Windsor -0.01-0.11 N/A N/A 13.60 499.71-0.59 13.02 478.40 Winchester -0.46 13.15 483.18-0.82 12.79 469.95 TRANSFER Hamilton 0.25 N/A N/A N/A 13.86 509.27-0.45 13.16 483.55 Pt. Stanley -0.20 13.41 492.73-0.90 12.71 467.01 Sarnia -0.46 13.15 483.18-0.58 13.03 478.77 Owen Sound N/A N/A Sorel QC -0.45 13.16 483.55-0.45 13.16 483.55 Toledo El. -0.18 13.43 493.52-0.36 13.25 486.90 Bank of Canada Noon exchange rate was 0.9901 up 0.0081 Chicago wheat closed moderately lower. SEP11 HI 7.28 1/2 JUL12 HI 8.05 1/4 LOW 6.99 1/2 LOW 7.76 CLOSE 7.07 3/4 Down 19 3/4 CLOSE 7.85 1/2 Down 18 Minni wheat closed slightly to moderately lower. SEP11 HI 9.16 1/2 SEP12 HI 8.72 3/4 LOW 8.94 1/4 LOW 8.60 1/2 CLOSE 9.10 3/4 Down 6 CLOSE 8.63 Down 19 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.31 0.49 -0.41 -0.13 CAD $/bu 6.77 7.56 6.67 8.98 CAD $/tonne 248.75 277.90 245.11 330.00 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 0.05 -0.70 N/A N/A -0.65 -1.30 N/A London -0.42 0.27 -0.62 N/A N/A -0.43 -1.27 N/A Hensall -0.50 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 -1.30 N/A Winchester N/A N/A N/A -0.80 N/A N/A N/A N/A Essex N/A N/A -0.61 N/A N/A N/A -1.25 N/A Norwich -0.40 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 -0.50 N/A -0.65 N/A -0.50 N/A -1.30 N/A Chatham N/A 0.22 -0.55 N/A N/A -0.53 -1.25 N/A Brigden N/A 0.22 -0.55 N/A N/A -0.53 -1.25 N/A Palmerston N/A 0.29 -0.54 -0.28 N/A -0.36 -1.15 -0.40 Varna -0.40 0.25 -0.55 N/A -0.50 -0.30 -1.30 N/A Mitchell -0.50 0.15 -0.55 N/A -0.50 -0.35 -1.15 N/A Thornton N/A N/A N/A -1.26 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 -0.44 0.40 -0.44 N/A -0.36 -0.21 -0.96 N/A Hamilton N/A N/A -0.40 N/A N/A N/A -0.70 N/A Pt. Stanley N/A N/A -0.85 N/A N/A N/A -1.15 N/A PROCESSORS Toledo FM N/A 0.93 0.14N/A 0.47N/A -0.23N/A Toledo El. 7.20US 7.14CA 7.58US 7.55CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.43 0.17 -0.82 -0.43 CAD $/bu 7.43 8.03 7.03 8.20 CAD $/tonne 273.00 294.97 258.35 301.38 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 275.00 - 285.00 Bayport Oats 310.00 Bayport Barley 270.00 FOB Hm Soymeal 423.29 - 424.40 DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00