FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, August 26 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9853 up 0.0010 Chicago corn closed sharply higher. SEP11 HI 7.54 3/4 DEC11 HI 7.68 1/2 LOW 7.29 1/4 LOW 7.40 1/2 CLOSE7.52 1/2 Up 20 1/4 CLOSE 7.67 Up 23 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 0.55 8.08 317.90 -0.45 7.22 284.24 CK High 0.75 8.28 325.77 -0.35 7.32 288.18 CK Avg 0.59 0.70 8.12 319.54 -0.40 -0.30 7.27 286.21 Essex Cty 0.75 8.28 325.77 -0.35 7.32 288.18 Mdsx Low 0.55 8.08 317.90 -0.45 7.22 284.24 Mdsx High 0.75 8.28 325.77 -0.35 7.32 288.18 Mdsx Avg 0.62 0.72 8.14 320.52 -0.40 -0.30 7.27 286.21 Hensall 0.55 8.08 317.90 -0.40 7.27 286.21 Bruce 0.55 8.08 317.90 -0.40 7.27 286.21 Putnam 0.60 8.13 319.87 -0.40 7.27 286.21 Princeton 0.75 8.28 325.77 -0.35 7.32 288.18 Durham 0.55 8.08 317.90 -0.50 7.17 282.27 Norfolk 0.60 8.13 319.87 -0.40 7.27 286.21 Palmerston 0.60 8.13 319.87 -0.40 7.27 286.21 Varna 0.55 8.08 317.90 -0.40 7.27 286.21 Trenton 0.50 8.03 315.93 -0.40 7.27 286.21 Winchester 0.70 8.23 323.80 -0.35 7.32 288.18 North Gower 0.75 8.28 325.77 -0.30 7.37 290.14 Huron FOB 0.45 7.98 313.96 -0.40 7.27 286.21 Kent FOB 0.60 8.13 319.87 -0.40 7.27 286.21 Lamb FOB 0.60 8.13 319.87 -0.40 7.27 286.21 Mdsx FOB 0.55N/A N/A N/A 8.08 317.90 -0.45 7.22 284.24 FOB SW Que 0.50 8.03 315.93 -0.50 7.17 282.27 Track 0.93 8.45 332.66N/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 7.32 288.18 Aylmer-Eth 0.45 0.40 0.45N/A 7.98 313.96 -0.40 7.27 286.21 Sarn-Eth N/A N/A N/A N/A -0.30 7.37 290.14 Cllngwd-Eth 0.65N/A N/A N/A 8.18 321.84-0.30* 7.37 290.14 London-Cas N/A N/A 0.80N/A -0.60 7.07 278.33 Pt.Colb-Cas N/A 0.90 1.00N/A -0.65 7.02 276.37 Cardnl-Cas N/A N/A 0.95N/A -0.80 6.87 270.46 W O Feed 0.97 0.98 8.50 334.43 US Rep 0.90 0.91 8.43 331.68 Toledo El. 0.36 7.89 310.60 -0.24 7.43 292.63 TRANSFER Sarnia 0.75 8.28 325.77 -0.35 7.32288 1/6 Pt. Stanley 0.49 8.02 315.54 -0.39 7.28286 3/5 Hamilton 0.44 7.97313 4/7 -0.38 7.29287 MID SD CRN -0.40 7.27 HI SD CRN -0.35 7.32 *Wet Bid Bank of Canada Noon exchange rate was 0.9853 up 0.0010 Chicago soybeans closed higher. NOV11 HI 14.26 NOV11 HI 14.26 LOW 13.86 1/4 LOW 13.86 1/4 CLOSE14.23 1/2 Up 30 3/4 CLOSE 14.23 1/2 Up 30 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.55 13.69 502.84-1.15 13.09 480.79 CK High -0.42 13.82 507.61-1.02 13.22 485.57 CK Average -0.48 -0.2713.76 505.47-1.07-0.8813.17 483.73 Essex Cty -0.52 13.72 503.94-0.99 13.25 486.67 Mdsx Low -0.55 13.69 502.84-1.15 13.09 480.79 Mdsx High -0.44 13.80 506.88-1.08 13.16 483.36 Mdsx Average -0.49 -0.2913.75 505.04-1.12-0.9313.12 481.89 Hensall -0.55 13.69 502.84-1.13 13.11 481.71 Bruce -0.55 13.69 502.84-1.15 13.09 480.79 Putnam -0.55 13.69 502.84-1.15 13.09 480.79 Princeton -0.42 13.82 507.61-0.97 13.27 487.41 Durham -0.40 13.84 508.35-1.13 13.11 481.53 Norfolk -0.39 13.85 508.72-1.06 13.18 484.10 Palmerston -0.60 13.64 501.00-1.15 13.09 480.79 Varna -0.60 13.64 501.00-1.15 13.09 480.79 Trenton N/A -1.20 13.04 478.95 Winchester -0.58 13.66 501.74-0.90 13.34 489.98 North Gower -0.40 13.84 508.35-0.70 13.54 497.33 Huron FOB -0.40 13.84 508.35-0.95 13.29 488.14 Kent FOB -0.40 13.84 508.35-1.02 13.22 485.57 Lambton FOB -0.40 13.84 508.35-1.02 13.22 485.57 Middlesex FOB-0.21 N/A N/A N/A 14.03 515.33-1.01 13.23 485.94 PROCESSORS Hamilton 0.15 0.15 N/A N/A 14.39 528.56-0.65 13.59 499.16 Windsor -0.30 N/A N/A N/A 13.94 512.02-0.74 13.50 495.86 Winchester -0.58 13.66 501.74-0.82 13.42 492.92 TRANSFER Hamilton 0.05 N/A N/A N/A 14.29 524.88-0.55 13.69 502.84 Pt. Stanley -0.40 13.84 508.35-1.00 13.24 486.30 Sarnia -0.54 13.70 503.21-0.62 13.62 500.27 Owen Sound N/A N/A Sorel QC -0.45 13.79 506.51-0.40 13.84 508.35 Toledo El. -0.23 14.01 514.72-0.38 13.86 509.27 Bank of Canada Noon exchange rate was 0.9853 up 0.0010 Chicago wheat closed slightly higher. SEP11 HI 7.68 1/2 JUL12 HI 8.39 3/4 LOW 7.47 1/2 LOW 8.18 1/2 CLOSE 7.62 1/4 Up 5 CLOSE 8.35 3/4 Up 7 1/2 Minni wheat closed moderately higher. DEC11 HI 9.45 1/2 SEP12 HI 9.18 1/2 LOW 9.11 1/4 LOW 8.99 1/2 CLOSE 9.36 3/4 Up 16 3/4 CLOSE 9.14 3/4 Up 10 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.36 0.43 -0.45 -0.33 CAD $/bu 7.27 8.05 7.17 9.04 CAD $/tonne 266.99 295.97 263.37 332.00 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 0.10 -0.65 N/A N/A -0.60 -1.30 N/A London -0.47 0.17 -0.67 N/A N/A -0.43 -1.27 N/A Hensall -0.50 N/A -0.60 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 -0.70 N/A N/A N/A N/A Essex N/A N/A -0.91 N/A N/A N/A -1.33 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 0.21 -0.56 N/A N/A -0.54 -1.26 N/A Brigden N/A 0.21 -0.56 N/A N/A -0.54 -1.26 N/A Palmerston N/A 0.06 -0.73 -0.29 N/A -0.13 -1.11 -0.40 Varna -0.50 0.20 -0.60 N/A -0.50 -0.30 -1.30 N/A Mitchell -0.50 0.10 -0.55 N/A -0.50 -0.35 -1.30 N/A Thornton N/A N/A N/A -0.94 N/A N/A N/A N/A North Gower N/A N/A N/A 0.15 N/A N/A N/A N/A TERMINAL Sarnia -0.47 0.37 -0.47 N/A -0.40 -0.25 -0.99 N/A Hamilton N/A N/A -0.45 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 -0.11N/A 0.19N/A -0.31N/A Toledo El. 7.74US 7.63CA 8.08US 7.97CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.50 0.09 -0.90 -0.51 CAD $/bu 7.85 8.45 7.46 8.63 CAD $/tonne 288.58 310.34 274.07 317.23 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 282.00 - 285.00 Bayport Oats 305.00 Bayport Barley 265.00 FOB Hm Soymeal 442.03 - 445.34 DDG's FOB Srn, Wndr, Aylm 210.00 - 228.00