FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, September 1 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9752 down 0.0032 Chicago corn closed sharply lower. DEC11 HI 7.67 1/2 DEC11 HI 7.67 1/2 LOW 7.37 1/2 LOW 7.37 1/2 CLOSE7.38 1/2 Down 29 CLOSE 7.38 1/2 Down 29 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 7.64 300.58 -0.50 6.89 271.05 CK High 0.25 7.64 300.58 -0.50 6.89 271.05 CK Avg 0.25 0.43 7.64 300.58 -0.50 -0.36 6.89 271.05 Essex Cty 0.25 7.64 300.58 -0.50 6.89 271.05 Mdsx Low 0.25 7.64 300.58 -0.50 6.89 271.05 Mdsx High 0.25 7.64 300.58 -0.50 6.89 271.05 Mdsx Avg 0.25 0.43 7.64 300.58 -0.50 -0.36 6.89 271.05 Hensall 0.25 7.64 300.58 -0.50 6.89 271.05 Bruce 0.25 7.64 300.58 -0.50 6.89 271.05 Putnam 0.25 7.64 300.58 -0.50 6.89 271.05 Princeton 0.25 7.64 300.58 -0.50 6.89 271.05 Durham 0.25 7.64 300.58 -0.55 6.84 269.08 Norfolk 0.25 7.64 300.58 -0.50 6.89 271.05 Palmerston 0.25 7.64 300.58 -0.50 6.89 271.05 Varna 0.25 7.64 300.58 -0.50 6.89 271.05 Trenton 0.10 7.49 294.67 -0.50 6.89 271.05 Winchester 0.40 7.79 306.48 -0.30 7.09 278.92 North Gower 0.30 7.69 302.55 -0.50 6.89 271.05 Huron FOB 0.25 7.64 300.58 -0.50 6.89 271.05 Kent FOB 0.25 7.64 300.58 -0.50 6.89 271.05 Lamb FOB 0.25 7.64 300.58 -0.50 6.89 271.05 Mdsx FOB 0.25N/A N/A N/A 7.64 300.58 -0.50 6.89 271.05 FOB SW Que N/A N/A Track 0.60 7.99 314.36N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.85 1.05N/A N/A 8.24 324.20 -0.35 7.04 276.96 Aylmer-Eth 0.20 0.25N/A N/A 7.59 298.61 -0.40 6.99 274.99 Sarn-Eth N/A N/A N/A N/A -0.30 7.09 278.92 Cllngwd-Eth N/A N/A N/A N/A N/A* London-Cas N/A 0.75 0.75N/A -0.50 6.89 271.05 Pt.Colb-Cas 0.75N/A N/A N/A 8.14 320.26 -0.45 6.94 273.02 Cardnl-Cas N/A 0.85N/A N/A -0.45 6.94 273.02 W O Feed 0.79 0.81 8.18 321.84 US Rep 0.80 0.82 8.19 322.23 Toledo El. N/A -0.24 7.15 281.47 TRANSFER Sarnia 0.25 7.64 300.58 -0.50 6.89271 Pt. Stanley 0.25 7.64 300.58 -0.50 6.89271 Hamilton 0.25 7.64300 4/7 -0.50 6.89271 MID SD CRN -0.50 6.88 1/2 HI SD CRN -0.50 6.88 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9752 down 0.0032 Chicago soybeans closed moderately lower. NOV11 HI 14.57 NOV11 HI 14.57 LOW 14.32 LOW 14.32 CLOSE14.34 1/2 Down 23 CLOSE 14.34 1/2 Down 23 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -0.75 13.60 499.53-1.35 13.00 477.48 CK High -0.68 13.67 502.10-1.32 13.03 478.59 CK Average -0.72 -0.3713.63 500.69-1.34-1.0713.01 477.85 Essex Cty -0.80 13.55 497.69-1.38 12.97 476.38 Mdsx Low -0.70 13.65 501.37-1.38 12.97 476.38 Mdsx High -0.64 13.71 503.57-1.30 13.05 479.32 Mdsx Average -0.67 -0.3313.67 502.35-1.33-1.0613.01 478.10 Hensall -0.70 13.65 501.37-1.33 13.02 478.40 Bruce -0.70 13.65 501.37-1.30 13.05 479.32 Putnam -0.68 13.67 502.10-1.20 13.15 483.00 Princeton -0.73 13.62 500.27-1.30 13.05 479.32 Durham -0.60 13.75 505.04-1.38 12.97 476.38 Norfolk -0.70 13.65 501.37-1.27 13.08 480.42 Palmerston N/A -1.30 13.05 479.32 Varna -0.65 13.70 503.21-1.30 13.05 479.32 Trenton N/A -1.30 13.05 479.32 Winchester -0.65 13.70 503.21-1.20 13.15 483.00 North Gower -0.75 13.60 499.53-0.95 13.40 492.18 Huron FOB -0.45 13.90 510.55-1.15 13.20 484.83 Kent FOB -0.73 13.62 500.27-1.32 13.03 478.59 Lambton FOB -0.73 13.62 500.27-1.32 13.03 478.59 Middlesex FOB-0.35 N/A N/A N/A 14.00 514.23-1.19 13.16 483.36 PROCESSORS Hamilton 0.00 -0.75-0.75-0.80 14.35 527.09-0.75 13.60 499.53 Windsor -0.41 N/A N/A N/A 13.94 512.02-1.03 13.32 489.24 Winchester -0.55 13.80 506.88-0.82 13.53 496.96 TRANSFER Hamilton -0.14 N/A N/A N/A 14.21 521.94-0.75 13.60 499.53 Pt. Stanley -0.15 14.20 521.58-1.19 13.16 483.36 Sarnia -0.75 13.60 499.53-0.89 13.46 494.39 Owen Sound N/A N/A Sorel QC N/A N/A Toledo El. N/A -0.41 13.93 511.95 Bank of Canada Noon exchange rate was 0.9752 down 0.0032 Chicago wheat closed lower. DEC11 HI 7.89 1/4 JUL12 HI 8.41 3/4 LOW 7.58 LOW 8.12 CLOSE 7.61 Down 30 1/2 CLOSE 8.14 1/2 Down 29 Minni wheat closed moderately lower to lower. DEC11 HI 9.49 1/4 SEP12 HI 9.19 LOW 9.28 LOW 8.99 1/4 CLOSE 9.32 Down 14 1/2 CLOSE 8.99 1/4 Down 23 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.72 0.11 -0.82 -0.32 CAD $/bu 6.89 7.72 6.79 9.00 CAD $/tonne 253.16 283.64 249.57 330.61 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 -0.87 -0.33 -1.07 N/A -1.18 -0.54 -1.37 N/A Hensall -0.85 N/A -1.00 N/A -0.50 N/A -1.30 N/A Trenton N/A N/A -1.00 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 -1.07 N/A N/A N/A -1.44 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 -0.28 -1.01 N/A N/A -0.73 -1.41 N/A Brigden N/A -0.28 -1.01 N/A N/A -0.73 -1.41 N/A Palmerston N/A -0.25 -1.03 -0.26 N/A -0.29 -1.17 -0.60 Varna -0.90 -0.20 -1.00 N/A -0.50 -0.30 -1.30 N/A Mitchell -0.85 -0.25 -1.00 N/A -0.60 -0.45 -1.40 N/A Thornton N/A N/A N/A -1.13 N/A N/A N/A N/A North Gower N/A N/A N/A -0.50 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 -0.57N/A -0.06N/A -0.35N/A Toledo El. 7.24US 7.07CA 7.87US 7.71CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.55 0.04 -0.94 -0.56 CAD $/bu 7.60 8.19 7.20 8.43 CAD $/tonne 279.14 300.76 264.72 309.68 (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 430.46 - 433.77 DDG's FOB Srn, Wndr, Aylm 210.00 - 228.00