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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, August 31<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.9784 down 0.0009<BR>Chicago corn closed moderately lower.</DIV>
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<DIV> DEC11 HI 7.75 1/2 DEC11 HI 7.75 1/2<BR> LOW 7.67 LOW 7.67<BR> CLOSE7.67 1/2 Down 7 3/4 CLOSE 7.67 1/2 Down 7 3/4</DIV>
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<DIV> OLD CROP BASIS NEW CROP BASIS<BR>Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt<BR>ELEVATORS +DEC11+DEC11+MAR12<BR>CK Low 0.25 7.93 311.99 -0.50 7.18 282.47<BR>CK High 0.25 7.93 311.99 -0.50 7.18 282.47<BR>CK Avg 0.25 0.41 7.93 311.99 -0.50 -0.38 7.18 282.47<BR>Essex Cty 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Mdsx Low 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Mdsx High 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Mdsx Avg 0.25 0.41 7.93 311.99 -0.50 -0.38 7.18 282.47<BR>Hensall 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Bruce 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Putnam 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Princeton 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Durham 0.25 7.93 311.99 -0.55 7.13 280.50<BR>Norfolk 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Palmerston 0.35 8.03 315.93 -0.40 7.28 286.40<BR>Varna 0.30 7.98 313.96 -0.50 7.18 282.47<BR>Trenton 0.20 7.88 310.03 -0.45 7.23 284.44<BR>Winchester 0.40 8.08 317.90 -0.30 7.38 290.34<BR>North Gower 0.30 7.98 313.96 -0.50 7.18 282.47<BR>Huron FOB 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Kent FOB 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Lamb FOB 0.25 7.93 311.99 -0.50 7.18 282.47<BR>Mdsx FOB 0.25N/A N/A N/A 7.93 311.99 -0.50 7.18 282.47<BR>FOB SW Que N/A N/A<BR>Track 0.68 8.35 328.72N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A N/A<BR>Jhnstwn-Eth 0.85 1.05N/A N/A 8.53 335.61 -0.35 7.33 288.37<BR>Aylmer-Eth 0.20 0.25N/A N/A 7.88 310.03 -0.40 7.28 286.40<BR>Sarn-Eth N/A N/A N/A N/A -0.30 7.38 290.34<BR>Cllngwd-Eth 0.43N/A N/A N/A 8.11 319.08-0.30* 7.38 290.34<BR>London-Cas N/A 0.75 0.75N/A -0.50 7.18 282.47<BR>Pt.Colb-Cas 0.80 0.90N/A N/A 8.48 333.65 -0.45 7.23 284.44<BR>Cardnl-Cas N/A 0.85N/A N/A -0.45 7.23 284.44<BR>W O Feed 0.79 0.81 8.47 333.25</DIV>
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<DIV>US Rep 0.80 0.82 8.48 333.65<BR>Toledo El. 0.12 7.79 306.78 -0.24 7.44 292.85</DIV>
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<DIV>TRANSFER<BR>Sarnia 0.25 7.93 311.99 -0.50 7.18282 1/2<BR>Pt. Stanley 0.25 7.93 311.99 -0.50 7.18282 1/2<BR>Hamilton 0.25 7.93312 -0.50 7.18282 1/2</DIV>
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<DIV>MID SD CRN -0.50 7.17 1/2<BR>HI SD CRN -0.50 7.17 1/2<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9784 down 0.0009<BR>Chicago soybeans closed slightly higher.</DIV>
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<DIV> NOV11 HI 14.65 NOV11 HI 14.65<BR> LOW 14.47 1/2 LOW 14.47 1/2<BR> CLOSE14.57 1/2 Up 1/2 CLOSE 14.57 1/2 Up 1/2</DIV>
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<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +NOV1+NOV1+JAN12<BR>CK Low -0.78 13.80 506.88-1.36 13.22 485.57<BR>CK High -0.65 13.93 511.66-1.20 13.38 491.45<BR>CK Average -0.72 -0.4113.86 509.27-1.33-1.1013.25 486.85<BR>Essex Cty -0.80 13.78 506.14-1.38 13.20 484.83<BR>Mdsx Low -0.70 13.88 509.82-1.40 13.18 484.10<BR>Mdsx High -0.67 13.91 510.92-1.30 13.28 487.77<BR>Mdsx Average -0.68 -0.3813.89 510.43-1.34-1.1113.24 486.30<BR>Hensall -0.68 13.90 510.74-1.30 13.28 487.77<BR>Bruce -0.70 13.88 509.82-1.30 13.28 487.77<BR>Putnam -0.70 13.88 509.82-1.30 13.28 487.77<BR>Princeton -0.73 13.85 508.72-1.30 13.28 487.77<BR>Durham -0.63 13.95 512.39-1.40 13.18 484.10<BR>Norfolk -0.75 13.83 507.98-1.41 13.17 483.73<BR>Palmerston N/A -1.20 13.38 491.45<BR>Varna -0.60 13.98 513.49-1.25 13.33 489.61<BR>Trenton N/A -1.25 13.33 489.61<BR>Winchester -0.68 13.90 510.55-1.20 13.38 491.45<BR>North Gower -0.75 13.83 507.98-0.95 13.63 500.63<BR>Huron FOB -0.50 14.08 517.17-1.20 13.38 491.45<BR>Kent FOB -0.78 13.80 506.88-1.36 13.22 485.57<BR>Lambton FOB -0.78 13.80 506.88-1.36 13.22 485.57<BR>Middlesex FOB-0.42 N/A N/A N/A 14.16 520.11-1.21 13.37 491.08</DIV>
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<DIV>PROCESSORS<BR>Hamilton N/A N/A N/A N/A N/A<BR>Windsor -0.34 N/A N/A N/A 14.24 523.05-0.96 13.62 500.27<BR>Winchester N/A N/A</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.14 N/A N/A N/A 14.44 530.40-0.75 13.83 507.98<BR>Pt. Stanley -0.15 14.43 530.03-1.19 13.39 491.81<BR>Sarnia -0.75 13.83 507.98-0.89 13.69 502.84<BR>Owen Sound N/A N/A<BR>Sorel QC N/A N/A</DIV>
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<DIV>Toledo El. 0.32 14.90 547.41-0.37 14.20 521.80</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9784 down 0.0009<BR>Chicago wheat closed slightly higher.<BR>DEC11 HI 7.94 JUL12 HI 8.45<BR> LOW 7.73 1/4 LOW 8.28<BR> CLOSE 7.91 1/2 Up 3/4 CLOSE 8.43 1/2 Up 4 3/4</DIV>
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<DIV>Minni wheat closed slightly to moderately higher.<BR>DEC11 HI 9.50 SEP12 HI 9.22 1/4<BR> LOW 9.25 3/4 LOW 9.12<BR> CLOSE 9.46 1/2 Up 13 1/4 CLOSE 9.22 1/4 Up 7</DIV>
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<DIV>GFO Cash Wheat Prices - DEL Terminal<BR>Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.71 0.13 -0.80 -0.30<BR>CAD $/bu 7.21 8.04 7.11 9.17<BR>CAD $/tonne 264.92 295.50 261.32 336.86</DIV>
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<DIV><BR>Direct MarkHarvest 2011 Harvest 2012<BR> DELIVERED BASIS DELIVERED BASIS<BR>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<BR>ELEVATORS<BR>Brgssvll N/A -0.32 -1.05 N/A N/A -0.77 -1.40 N/A<BR>London -1.04 -0.41 -1.24 N/A N/A -0.56 -1.39 N/A<BR>Hensall -0.85 N/A -1.00 N/A -0.50 N/A -1.30 N/A<BR>Trenton N/A N/A -1.05 N/A N/A N/A -1.50 N/A<BR>Winchester N/A N/A N/A -1.00 N/A N/A N/A N/A<BR>Essex N/A N/A -0.95 N/A N/A N/A -1.41 N/A<BR>Norwich -0.75 N/A -1.00 N/A -0.50 N/A -1.30 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.85 N/A -1.00 N/A -0.50 N/A -1.30 N/A<BR>Chatham N/A -0.32 -1.03 N/A N/A -0.77 -1.44 N/A<BR>Brigden N/A -0.32 -1.03 N/A N/A -0.77 -1.44 N/A<BR>Palmerston N/A -0.23 -1.00 -0.23 N/A -0.26 -1.15 -0.90<BR>Varna -0.90 -0.20 -1.00 N/A -0.50 -0.30 -1.30 N/A<BR>Mitchell -0.85 -0.25 -0.55 N/A -0.50 -0.35 -1.30 N/A<BR>Thornton N/A N/A N/A -1.18 N/A N/A N/A N/A<BR>North Gower N/A N/A N/A -0.55 N/A N/A N/A N/A</DIV>
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<DIV>TERMINAL<BR>Sarnia -0.66 0.07 -0.76 N/A -0.53 -0.30 -1.06 N/A<BR>Hamilton N/A N/A -0.65 N/A N/A N/A -0.93 N/A<BR>Pt. Stanley N/A N/A -1.05 N/A N/A N/A N/A N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A N/A -0.56N/A 0.16N/A -0.33N/A</DIV>
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<DIV>Toledo El. 7.57US 7.41CA 8.16US 8.03CA</DIV>
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<DIV>GFO Contract Wheat Prices - DEL Terminal<BR>Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.53 0.06 -0.92 -0.54<BR>CAD $/bu 7.91 8.50 7.52 8.68<BR>CAD $/tonne 290.61 312.32 276.15 319.10</DIV>
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<DIV>(C)-Basis over the Chicago Board of Trade futures<BR>(M)-Basis over the Minneapolis Grain Exchange</DIV>
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<DIV>FEED GRAINS<BR>Bayport Wheat 285.00 - 290.00<BR>Bayport Oats 305.00<BR>Bayport Barley 270.00<BR>FOB Hm Soymeal 434.10 - 436.30<BR>DDG's FOB Srn, Wndr, Aylm 210.00 - 228.00<BR></DIV>
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<DIV>John Jordan<BR>Editor, AgriLink and Farm Market News<BR>University of Guelph, Ridgetown Campus<BR>Tel. 519-674-1500 x 63577</DIV>
<DIV>Fax. 519-674-1530<BR>E-mail: jjordan@ridgetownc.uoguelph.ca<BR>AgriLink website : www.ridgetownc.com/agrilink </DIV></BODY></HTML>