FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, September 2 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9815 up 0.0063 Chicago corn closed sharply higher. DEC11 HI 7.64 1/4 DEC11 HI 7.64 1/4 LOW 7.39 1/4 LOW 7.39 1/4 CLOSE7.60 Up 21 1/2 CLOSE 7.60 Up 21 1/2 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 7.85 309.04 -0.50 7.10 279.51 CK High 0.25 7.85 309.04 -0.50 7.10 279.51 CK Avg 0.25 0.35 7.85 309.04 -0.50 -0.41 7.10 279.51 Essex Cty 0.25 7.85 309.04 -0.50 7.10 279.51 Mdsx Low 0.25 7.85 309.04 -0.50 7.10 279.51 Mdsx High 0.25 7.85 309.04 -0.50 7.10 279.51 Mdsx Avg 0.25 0.35 7.85 309.04 -0.50 -0.41 7.10 279.51 Hensall 0.25 7.85 309.04 -0.50 7.10 279.51 Bruce 0.25 7.85 309.04 -0.50 7.10 279.51 Putnam 0.25 7.85 309.04 -0.50 7.10 279.51 Princeton 0.25 7.85 309.04 -0.50 7.10 279.51 Durham 0.25 7.85 309.04 -0.55 7.05 277.55 Norfolk 0.25 7.85 309.04 -0.50 7.10 279.51 Palmerston 0.25 7.85 309.04 -0.50 7.10 279.51 Varna 0.25 7.85 309.04 -0.50 7.10 279.51 Trenton 0.10 7.70 303.14 -0.50 7.10 279.51 Winchester 0.40 8.00 314.95 -0.30 7.30 287.39 North Gower 0.30 7.90 311.01 -0.50 7.10 279.51 Huron FOB 0.25 7.85 309.04 -0.50 7.10 279.51 Kent FOB 0.25 7.85 309.04 -0.50 7.10 279.51 Lamb FOB 0.25 7.85 309.04 -0.50 7.10 279.51 Mdsx FOB 0.25N/A N/A N/A 7.85 309.04 -0.50 7.10 279.51 FOB SW Que 0.50 8.10 318.88 -0.50 7.10 279.51 Track 0.65 8.25 324.79N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.55 0.75 -0.45 -0.60 8.15 320.85 -0.45 7.15 281.48 Aylmer-Eth 0.20 0.25N/A -0.40 7.80 307.07 -0.40 7.20 283.45 Sarn-Eth N/A N/A N/A -0.30 -0.30 7.30 287.39 Cllngwd-Eth 0.45N/A N/A N/A 8.05 316.91-0.25* 7.35 289.36 London-Cas N/A 0.70N/A N/A -0.50 7.10 279.51 Pt.Colb-Cas N/A 0.75N/A N/A -0.45 7.15 281.48 Cardnl-Cas N/A 0.70N/A N/A -0.45 7.15 281.48 W O Feed 0.74 0.76 8.34 328.33 US Rep 0.80 0.82 8.40 330.69 Toledo El. 0.02 7.62 299.98 -0.24 7.36 289.87 TRANSFER Sarnia 0.25 7.85 309.04 -0.50 7.10279 1/2 Pt. Stanley N/A -0.50 7.10279 1/2 Hamilton N/A -0.50 7.10279 1/2 MID SD CRN -0.50 7.10 HI SD CRN -0.50 7.10 *Wet Bid Bank of Canada Noon exchange rate was 0.9815 up 0.0063 Chicago soybeans closed slightly higher. NOV11 HI 14.52 NOV11 HI 14.52 LOW 14.35 LOW 14.35 CLOSE14.45 3/4 Up 11 1/4 CLOSE 14.45 3/4 Up 11 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -0.75 13.71 503.66-1.35 13.11 481.62 CK High -0.58 13.88 509.91-1.20 13.26 487.13 CK Average -0.66 -0.4613.80 507.16-1.29-1.1113.17 484.01 Essex Cty -0.80 13.66 501.83-1.38 13.08 480.52 Mdsx Low -0.68 13.78 506.24-1.32 13.14 482.72 Mdsx High -0.54 13.92 511.38-1.28 13.18 484.19 Mdsx Average -0.62 -0.4313.83 508.32-1.30-1.1213.16 483.46 Hensall -0.68 13.78 506.42-1.33 13.13 482.54 Bruce -0.65 13.81 507.34-1.30 13.16 483.46 Putnam -0.65 13.81 507.34-1.30 13.16 483.46 Princeton -0.73 13.73 504.40-1.30 13.16 483.46 Durham -0.50 13.96 512.85-1.28 13.18 484.19 Norfolk -0.62 13.84 508.44-1.19 13.27 487.50 Palmerston N/A -1.30 13.16 483.46 Varna -0.70 13.76 505.50-1.35 13.11 481.62 Trenton N/A -1.30 13.16 483.46 Winchester -0.65 13.81 507.34-1.20 13.26 487.13 North Gower -0.75 13.71 503.66-0.95 13.51 496.32 Huron FOB -0.45 14.01 514.69-1.15 13.31 488.97 Kent FOB -0.65 13.81 507.34-1.24 13.22 485.66 Lambton FOB -0.65 13.81 507.34-1.24 13.22 485.66 Middlesex FOB-0.30 N/A N/A N/A 14.16 520.20-1.09 13.37 491.17 PROCESSORS Hamilton 0.11 N/A N/A N/A 14.57 535.26-0.65 13.81 507.34 Windsor -0.35 N/A N/A N/A 14.11 518.36-0.94 13.52 496.68 Winchester -0.55 13.91 511.01-0.82 13.64 501.09 TRANSFER Hamilton -0.10 N/A N/A N/A 14.36 527.55-0.70 13.76 505.50 Pt. Stanley -0.15 14.31 525.71-1.18 13.28 487.86 Sarnia -0.75 13.71 503.66-0.89 13.57 498.52 Owen Sound N/A N/A Sorel QC -0.50 13.96 512.85-0.50 13.96 512.85 Toledo El. -0.41 14.04 516.00-0.41 14.04 515.98 Bank of Canada Noon exchange rate was 0.9815 up 0.0063 Chicago wheat closed slightly to moderately higher. DEC11 HI 7.78 3/4 JUL12 HI 8.28 1/4 LOW 7.58 LOW 8.10 1/4 CLOSE 7.75 1/2 Up 14 1/2 CLOSE 8.22 3/4 Up 8 1/4 Minni wheat closed moderately higher. DEC11 HI 9.50 SEP12 HI 9.16 LOW 9.33 1/2 LOW 9.00 1/4 CLOSE 9.42 3/4 Up 10 3/4 CLOSE 9.12 Up 12 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.65 0.19 -0.75 -0.23 CAD $/bu 7.11 7.95 7.01 9.20 CAD $/tonne 261.19 292.00 257.56 338.13 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 -0.30 -1.00 N/A N/A -0.75 -1.30 N/A London -0.82 -0.28 -1.02 N/A N/A -0.48 -1.32 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 -1.03 N/A N/A N/A -1.35 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 -0.97 N/A N/A -0.73 -1.37 N/A Brigden N/A -0.28 -0.97 N/A N/A -0.73 -1.37 N/A Palmerston N/A -0.02 -0.85 -0.34 N/A -0.22 -1.11 -0.40 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 -0.77 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 -0.55 N/A N/A N/A -0.55 N/A Pt. Stanley N/A N/A -1.00 N/A N/A N/A -1.00 N/A PROCESSORS Toledo FM N/A 0.39 -0.50N/A 0.00N/A -0.30N/A Toledo El. 7.43US 7.33CA 7.95US 7.85CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.50 0.10 -0.89 -0.51 CAD $/bu 7.73 8.32 7.34 8.61 CAD $/tonne 284.06 305.83 269.54 316.45 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 295.00 - 300.00 Bayport Oats 320.00 Bayport Barley 275.00 FOB Hm Soymeal 435.31 - 436.41 DDG's FOB Srn, Wndr, Aylm 210.00 - 223.00