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