FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, August 23 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9877 down 0.0024 Chicago corn closed moderately higher. SEP11 HI 7.31 DEC11 HI 7.44 LOW 7.20 LOW 7.34 CLOSE7.30 1/4 Up 9 3/4 CLOSE 7.43 1/2 Up 9 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +DEC11+DEC11+DEC11 CK Low 0.60 7.90 311.11 -0.45 6.99 274.99 CK High 0.75 8.05 317.01 -0.35 7.09 278.92 CK Avg 0.66 0.74 7.96 313.40 -0.39 -0.34 7.04 277.28 Essex Cty 0.75 8.05 317.01 -0.35 7.09 278.92 Mdsx Low 0.60 7.90 311.11 -0.40 7.04 276.96 Mdsx High 0.75 8.05 317.01 -0.35 7.09 278.92 Mdsx Avg 0.65 0.73 7.95 313.08 -0.38 -0.33 7.05 277.61 Hensall 0.65 7.95 313.08 -0.40 7.04 276.96 Bruce 0.65 7.95 313.08 -0.40 7.04 276.96 Putnam 0.65 7.95 313.08 -0.40 7.04 276.96 Princeton 0.75 8.05 317.01 -0.35 7.09 278.92 Durham 0.60 7.90 311.11 -0.45 6.99 274.99 Norfolk 0.70 8.00 315.04 -0.35 7.09 278.92 Palmerston 0.70 8.00 315.04 -0.35 7.09 278.92 Varna 0.65 7.95 313.08 -0.40 7.04 276.96 Trenton 0.70 8.00 315.04 -0.35 7.09 278.92 Winchester 0.75 8.05 317.01 -0.35 7.09 278.92 North Gower 0.70 8.00 315.04 -0.45 6.99 274.99 Huron FOB 0.50 7.80 307.17 -0.40 7.04 276.96 Kent FOB 0.70 8.00 315.04 -0.35 7.09 278.92 Lamb FOB 0.70 8.00 315.04 -0.35 7.09 278.92 Mdsx FOB 0.60N/A N/A N/A 7.90 311.11 -0.40 7.04 276.96 FOB SW Que 0.50 7.80 307.17 -0.50 6.94 273.02 Track 0.98 8.28 325.87N/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 7.09 278.92 Aylmer-Eth 0.45 0.40 0.45N/A 7.75 305.20 -0.40 7.04 276.96 Sarn-Eth N/A N/A N/A N/A -0.20 7.24 284.83 Cllngwd-Eth 0.65N/A N/A N/A 7.95 313.08-0.30* 7.14 280.89 London-Cas N/A N/A 0.85N/A -0.65 6.79 267.11 Pt.Colb-Cas 0.75 1.00 1.05N/A 8.05 317.01 -0.65 6.79 267.11 Cardnl-Cas N/A N/A 1.00N/A -0.80 6.64 261.21 W O Feed 0.99 1.00 8.29 326.46 US Rep 0.90 0.91 8.20 322.92 Toledo El. 0.46 7.77 305.79 -0.24 7.20 283.32 TRANSFER Sarnia 0.75 8.05 317.01 -0.35 7.09279 Pt. Stanley 0.52 7.82 307.96 -0.36 7.08278 1/2 Hamilton 0.47 7.77306 -0.36 7.08278 1/2 MID SD CRN -0.40 7.03 1/2 HI SD CRN -0.35 7.08 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9877 down 0.0024 Chicago soybeans closed moderately higher. NOV11 HI 14.00 NOV11 HI 14.00 LOW 13.85 1/4 LOW 13.85 1/4 CLOSE13.97 1/4 Up 12 CLOSE 13.97 1/4 Up 12 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.45 13.52 496.87-1.10 12.87 472.98 CK High -0.34 13.63 500.91-0.97 13.00 477.76 CK Average -0.41 -0.2613.56 498.21-1.05-0.9512.92 474.88 Essex Cty -0.50 13.47 495.03-1.00 12.97 476.66 Mdsx Low -0.45 13.52 496.87-1.05 12.92 474.82 Mdsx High -0.34 13.63 500.91-1.03 12.94 475.56 Mdsx Average -0.40 -0.2513.57 498.58-1.04-0.9412.93 475.07 Hensall -0.48 13.50 495.95-1.05 12.92 474.82 Bruce -0.45 13.52 496.87-1.05 12.92 474.82 Putnam -0.45 13.52 496.87-1.05 12.92 474.82 Princeton -0.38 13.59 499.44-1.00 12.97 476.66 Durham -0.30 13.67 502.38-1.05 12.92 474.82 Norfolk -0.33 13.64 501.28-1.00 12.97 476.66 Palmerston -0.45 13.52 496.87-1.00 12.97 476.66 Varna -0.50 13.47 495.03-1.05 12.92 474.82 Trenton N/A -1.07 12.90 474.09 Winchester -0.68 13.29 488.42-0.90 13.07 480.33 North Gower -0.40 13.57 498.70-0.85 13.12 482.17 Huron FOB -0.35 13.62 500.54-0.90 13.07 480.33 Kent FOB -0.36 13.61 500.17-1.05 12.92 474.82 Lambton FOB -0.36 13.61 500.17-1.05 12.92 474.82 Middlesex FOB-0.14 N/A N/A N/A 13.83 508.26-0.86 13.11 481.80 PROCESSORS Hamilton 0.21 0.21 N/A N/A 14.18 521.12-0.55 13.42 493.19 Windsor -0.17 N/A N/A N/A 13.80 507.16-0.60 13.37 491.36 Winchester -0.56 13.41 492.83-0.91 13.06 479.96 TRANSFER Hamilton 0.25 N/A N/A N/A 14.22 522.59-0.50 13.47 495.03 Pt. Stanley -0.20 13.77 506.05-0.95 13.02 478.49 Sarnia -0.51 13.46 494.66-0.63 13.34 490.25 Owen Sound N/A N/A Sorel QC -0.40 13.57 498.70-0.40 13.57 498.70 Toledo El. -0.18 13.79 506.86-0.36 13.62 500.27 Bank of Canada Noon exchange rate was 0.9877 down 0.0024 Chicago wheat closed moderately higher to higher. SEP11 HI 7.59 JUL12 HI 8.27 1/4 LOW 7.34 3/4 LOW 8.08 1/4 CLOSE 7.57 1/4 Up 21 3/4 CLOSE 8.25 1/2 Up 16 Minni wheat closed moderately higher. DEC11 HI 9.37 1/4 SEP12 HI 9.04 1/4 LOW 9.20 3/4 LOW 8.91 3/4 CLOSE 9.34 1/2 Up 11 1/4 CLOSE 9.03 3/4 Up 12 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.33 0.46 -0.43 -0.30 CAD $/bu 7.24 8.03 7.14 9.05 CAD $/tonne 266.13 295.20 262.49 332.37 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 -1.30 N/A London -0.48 0.26 -0.63 N/A N/A -0.46 -1.30 N/A Hensall -0.50 N/A -0.50 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 -0.64 N/A N/A N/A N/A Essex N/A N/A -0.82 N/A N/A N/A -1.28 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 -0.45 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 -1.01 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 -0.90 N/A N/A N/A -1.15 N/A PROCESSORS Toledo FM N/A N/A -0.08N/A 0.24N/A -0.26N/A Toledo El. 7.69US 7.61CA 7.98US 7.92CA 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 7.80 8.40 7.40 8.58 CAD $/tonne 286.59 308.48 271.99 315.14 (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 440.16 - 441.26 DDG's FOB Srn, Wndr, Aylm 210.00 - 228.00