FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, August 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9901 up 0.0052 Chicago corn closed moderately higher. SEP11 HI 7.22 1/4 DEC11 HI 7.36 1/2 LOW 7.11 1/2 LOW 7.25 1/2 CLOSE7.20 1/2 Up 9 1/2 CLOSE 7.34 1/2 Up 9 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 7.91 311.21 -0.35 7.00 275.38 CK High 0.75 7.96 313.17 -0.35 7.00 275.38 CK Avg 0.71 0.78 7.91 311.53 -0.35 -0.16 7.00 275.38 Essex Cty 0.75 7.96 313.17 -0.35 7.00 275.38 Mdsx Low 0.70 7.91 311.21 -0.35 7.00 275.38 Mdsx High 0.75 7.96 313.17 -0.35 7.00 275.38 Mdsx Avg 0.72 0.79 7.92 311.86 -0.35 -0.16 7.00 275.38 Hensall 0.70 7.91 311.21 -0.35 7.00 275.38 Bruce 0.70 7.91 311.21 -0.35 7.00 275.38 Putnam 0.70 7.91 311.21 -0.35 7.00 275.38 Princeton 0.75 7.96 313.17 -0.35 7.00 275.38 Durham 0.70 7.91 311.21 -0.40 6.95 273.41 Norfolk 0.70 7.91 311.21 -0.35 7.00 275.38 Palmerston 0.70 7.91 311.21 -0.35 7.00 275.38 Varna 0.75 7.96 313.17 -0.35 7.00 275.38 Trenton 0.70 7.91 311.21 -0.35 7.00 275.38 Winchester 0.75 7.96 313.17 -0.30 7.05 277.35 North Gower 0.70 7.91 311.21 -0.45 6.90 271.44 Huron FOB 0.55 7.76 305.30 -0.40 6.95 273.41 Kent FOB 0.70 7.91 311.21 -0.35 7.00 275.38 Lamb FOB 0.70 7.91 311.21 -0.35 7.00 275.38 Mdsx FOB 0.70N/A N/A N/A 7.91 311.21 -0.35 7.00 275.38 FOB SW Que 0.50 7.71 303.33 -0.50 6.85 269.48 Track 1.00 8.21 323.02N/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 7.00 275.38 Aylmer-Eth 0.45 0.40 0.45N/A 7.66 301.36 -0.40 6.95 273.41 Sarn-Eth N/A N/A N/A N/A -0.20 7.15 281.29 Cllngwd-Eth 0.65N/A N/A N/A 7.86 309.24-0.30* 7.05 277.35 London-Cas N/A N/A 0.85N/A -0.65 6.70 263.57 Pt.Colb-Cas 0.75 1.00 1.05N/A 7.96 313.17 -0.65 6.70 263.57 Cardnl-Cas N/A N/A 1.00N/A -0.80 6.55 257.67 W O Feed 1.04 1.05 8.25 324.59 US Rep 1.10 1.11 8.31 326.95 Toledo El. 0.47 7.67 301.96 -0.23 7.11 279.95 TRANSFER Sarnia 0.75 7.96 313.17 -0.35 7.00275 3/8 Pt. Stanley 0.53 7.74 304.51 -0.35 7.00275 3/8 Hamilton 0.48 7.69302 1/2 -0.65 6.70263 4/7 MID SD CRN -0.35 6.99 1/2 HI SD CRN -0.35 6.99 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9901 up 0.0052 Chicago soybeans closed moderately higher. NOV11 HI 13.88 1/2 NOV11 HI 13.88 1/2 LOW 13.71 LOW 13.71 CLOSE13.85 1/4 Up 16 3/4 CLOSE 13.85 1/4 Up 16 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.45 13.40 492.46-1.08 12.77 469.31 CK High -0.39 13.46 494.66-0.95 12.90 474.09 CK Average -0.42 -0.2813.43 493.62-1.03-0.6812.82 471.21 Essex Cty -0.52 13.33 489.89-0.95 12.90 474.09 Mdsx Low -0.45 13.40 492.46-1.09 12.76 468.94 Mdsx High -0.40 13.45 494.29-1.00 12.85 472.25 Mdsx Average -0.43 -0.2913.42 493.19-1.03-0.6812.82 471.15 Hensall -0.45 13.40 492.46-1.00 12.85 472.25 Bruce -0.45 13.40 492.46-1.00 12.85 472.25 Putnam -0.45 13.40 492.46-1.00 12.85 472.25 Princeton -0.37 13.48 495.40-0.95 12.90 474.09 Durham -0.36 13.49 495.76-1.09 12.76 468.94 Norfolk -0.36 13.49 495.76-1.07 12.78 469.68 Palmerston -0.40 13.45 494.29-0.85 13.00 477.76 Varna -0.45 13.40 492.46-1.00 12.85 472.25 Trenton N/A -1.05 12.80 470.41 Winchester -0.66 13.19 484.74-1.01 12.84 471.88 North Gower -0.40 13.45 494.29-0.85 13.00 477.76 Huron FOB -0.30 13.55 497.97-0.85 13.00 477.76 Kent FOB -0.39 13.46 494.66-1.03 12.82 471.15 Lambton FOB -0.39 13.46 494.66-1.03 12.82 471.15 Middlesex FOB-0.20 N/A N/A N/A 13.65 501.64-0.90 12.95 475.92 PROCESSORS Hamilton 0.20 0.20 N/A N/A 14.05 516.34-0.55 13.30 488.78 Windsor -0.20 N/A N/A N/A 13.65 501.64-0.64 13.21 485.48 Winchester -0.41 13.44 493.93-0.91 12.94 475.56 TRANSFER Hamilton 0.25 N/A N/A N/A 14.10 518.18-0.45 13.40 492.46 Pt. Stanley -0.20 13.65 501.64-0.90 12.95 475.92 Sarnia -0.54 13.31 489.15-0.65 13.20 485.11 Owen Sound N/A N/A Sorel QC -0.40 13.45 494.29-0.40 13.45 494.29 Toledo El. -0.18 13.67 502.45-0.35 13.50 496.10 Bank of Canada Noon exchange rate was 0.9901 up 0.0052 Chicago wheat closed slightly higher. SEP11 HI 7.48 JUL12 HI 8.18 LOW 7.30 3/4 LOW 8.04 CLOSE 7.35 1/2 Up 4 3/4 CLOSE 8.09 1/2 Up 4 1/4 Minni wheat closed slightly higher. DEC11 HI 9.42 SEP12 HI 8.99 LOW 9.20 1/4 LOW 8.89 CLOSE 9.23 1/4 Up 2 1/2 CLOSE 8.91 1/2 Up 4 1/2 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 -0.29 CAD $/bu 7.03 7.82 6.93 8.94 CAD $/tonne 258.38 287.47 254.74 328.47 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 -0.50 0.24 -0.65 N/A N/A -0.46 -1.30 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 -0.60 N/A N/A N/A N/A Essex N/A N/A -0.52 N/A N/A N/A -1.30 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 0.26 -0.53 -0.30 N/A -0.29 -1.08 -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 -1.15 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 0.91 0.12N/A 0.28N/A -0.40N/A Toledo El. 7.48US 7.40CA 7.82US 7.62CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.60 -0.01 -0.98 -0.62 CAD $/bu 7.50 8.08 7.11 8.30 CAD $/tonne 275.58 297.07 261.25 304.94 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 285.00 Bayport Oats 305.00 Bayport Barley 265.00 FOB Hm Soymeal 433.99 - 435.09 DDG's FOB Srn, Wndr, Aylm 210.00 - 228.00