FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, August 19 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9849 down 0.0052 Chicago corn closed higher. SEP11 HI 7.14 1/4 DEC11 HI 7.28 3/4 LOW 6.93 LOW 7.06 1/4 CLOSE7.11 Up 12 CLOSE 7.25 1/4 Up 12 1/4 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 7.81 307.47 -0.35 6.90 271.74 CK High 0.75 7.86 309.43 -0.35 6.90 271.74 CK Avg 0.71 0.78 7.82 307.79 -0.35 -0.30 6.90 271.74 Essex Cty 0.75 7.86 309.43 -0.35 6.90 271.74 Mdsx Low 0.70 7.81 307.47 -0.35 6.90 271.74 Mdsx High 0.75 7.86 309.43 -0.35 6.90 271.74 Mdsx Avg 0.72 0.79 7.83 308.12 -0.35 -0.30 6.90 271.74 Hensall 0.70 7.81 307.47 -0.35 6.90 271.74 Bruce 0.70 7.81 307.47 -0.35 6.90 271.74 Putnam 0.70 7.81 307.47 -0.35 6.90 271.74 Princeton 0.75 7.86 309.43 -0.35 6.90 271.74 Durham 0.70 7.81 307.47 -0.40 6.85 269.77 Norfolk 0.70 7.81 307.47 -0.35 6.90 271.74 Palmerston 0.70 7.81 307.47 -0.30 6.95 273.71 Varna 0.75 7.86 309.43 -0.30 6.95 273.71 Trenton 0.70 7.81 307.47 -0.35 6.90 271.74 Winchester 0.75 7.86 309.43 -0.30 6.95 273.71 North Gower 0.70 7.81 307.47 -0.45 6.80 267.80 Huron FOB 0.55 7.66 301.56 -0.40 6.85 269.77 Kent FOB 0.70 7.81 307.47 -0.35 6.90 271.74 Lamb FOB 0.70 7.81 307.47 -0.35 6.90 271.74 Mdsx FOB 0.70N/A N/A N/A 7.81 307.47 -0.35 6.90 271.74 FOB SW Que N/A -0.55 6.70 263.87 Track 1.15 8.26 325.18N/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 6.90 271.74 Aylmer-Eth 0.45 0.40 0.45N/A 7.56 297.62 -0.40 6.85 269.77 Sarn-Eth N/A N/A N/A N/A -0.20 7.05 277.64 Cllngwd-Eth 0.65N/A N/A N/A 7.76 305.50-0.30* 6.95 273.71 London-Cas N/A N/A 0.85N/A -0.65 6.60 259.93 Pt.Colb-Cas N/A 0.75 1.00N/A -0.65 6.60 259.93 Cardnl-Cas N/A N/A 1.00N/A -0.80 6.45 254.02 W O Feed 1.04 1.05 8.15 320.85 US Rep 1.10 1.11 8.21 323.21 Toledo El. 0.47 7.58 298.23 -0.24 7.01 276.14 TRANSFER Sarnia 0.75 7.86 309.43 -0.35 6.90271 3/4 Pt. Stanley 0.53 7.64 300.77 -0.35 6.90271 3/4 Hamilton 0.48 7.59298 4/5 -0.65 6.60260 MID SD CRN -0.35 6.90 1/4 HI SD CRN -0.35 6.90 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9849 down 0.0052 Chicago soybeans closed slightly higher. NOV11 HI 13.75 NOV11 HI 13.75 LOW 13.48 1/2 LOW 13.48 1/2 CLOSE13.68 1/2 Up 7 1/2 CLOSE 13.68 1/2 Up 7 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.40 13.29 488.14-1.04 12.65 464.62 CK High -0.35 13.34 489.98-0.91 12.78 469.40 CK Average -0.38 -0.2513.30 488.75-0.99-0.8812.70 466.58 Essex Cty -0.44 13.25 486.67-1.00 12.69 466.09 Mdsx Low -0.40 13.29 488.14-1.05 12.64 464.26 Mdsx High -0.35 13.34 489.98-0.95 12.74 467.93 Mdsx Average -0.38 -0.2513.30 488.75-1.00-0.9012.69 466.09 Hensall -0.40 13.29 488.14-0.98 12.71 467.01 Bruce -0.40 13.29 488.14-0.95 12.74 467.93 Putnam -0.40 13.29 488.14-0.95 12.74 467.93 Princeton -0.40 13.29 488.14-0.96 12.73 467.56 Durham -0.31 13.38 491.45-1.00 12.69 466.09 Norfolk -0.32 13.37 491.08-0.89 12.80 470.14 Palmerston -0.40 13.29 488.14-0.85 12.84 471.61 Varna -0.45 13.24 486.30-0.85 12.84 471.61 Trenton N/A -1.05 12.64 464.26 Winchester -0.56 13.13 482.26-1.01 12.68 465.73 North Gower -0.40 13.29 488.14-0.85 12.84 471.61 Huron FOB -0.25 13.44 493.65-0.85 12.84 471.61 Kent FOB -0.35 13.34 489.98-0.94 12.75 468.30 Lambton FOB -0.35 13.34 489.98-0.94 12.75 468.30 Middlesex FOB-0.14 N/A N/A N/A 13.55 497.69-0.81 12.88 473.08 PROCESSORS Hamilton 0.22 0.22 N/A N/A 13.91 510.92-0.55 13.14 482.63 Windsor 0.07 0.07 N/A N/A 13.76 505.41-0.66 13.03 478.59 Winchester -0.40 13.29 488.14-0.70 12.99 477.12 TRANSFER Hamilton 0.25 N/A N/A N/A 13.94 512.02-0.45 13.24 486.30 Pt. Stanley -0.20 13.49 495.49-0.90 12.79 469.77 Sarnia -0.57 13.12 481.89-0.70 12.99 477.12 Owen Sound N/A N/A Sorel QC -0.45 13.24 486.30-0.45 13.24 486.30 Toledo El. -0.18 13.51 496.29-0.36 13.33 489.71 Bank of Canada Noon exchange rate was 0.9849 down 0.0052 Chicago wheat closed moderately higher to higher. SEP11 HI 7.33 1/2 JUL12 HI 8.06 1/2 LOW 7.01 LOW 7.78 1/4 CLOSE 7.30 3/4 Up 23 CLOSE 8.05 1/4 Up 19 3/4 Minni wheat closed higher. SEP11 HI 9.47 3/4 SEP12 HI 8.87 1/2 LOW 9.05 1/2 LOW 8.63 CLOSE 9.45 1/4 Up 34 1/2 CLOSE 8.87 Up 24 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.32 0.47 -0.42 -0.14 CAD $/bu 6.99 7.78 6.89 9.31 CAD $/tonne 256.73 285.83 253.09 342.03 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 0.10 -0.65 N/A N/A -0.60 -1.30 N/A London -0.43 0.26 -0.63 N/A N/A -0.44 -1.28 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 -0.65 N/A N/A N/A -1.32 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 0.20 -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 0.35 -0.49 -0.22 N/A -0.31 -1.09 -0.40 Varna -0.40 0.25 -0.55 N/A -0.50 -0.30 -1.30 N/A Mitchell -0.50 0.10 -0.55 N/A -0.50 -0.35 -1.15 N/A Thornton N/A N/A N/A -1.39 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 0.92 0.12N/A 0.44N/A -0.26N/A Toledo El. 7.43US 7.35CA 7.77US 7.71CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.46 0.14 -0.85 -0.46 CAD $/bu 7.60 8.19 7.20 8.41 CAD $/tonne 279.09 300.97 264.50 308.90 (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 424.51 - 425.61 DDG's FOB Srn, Wndr, Aylm 210.00 - 228.00