FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, September 7 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9883 down 0.0027 Chicago corn closed moderately lower. DEC11 HI 7.65 DEC11 HI 7.65 LOW 7.43 3/4 LOW 7.43 3/4 CLOSE7.48 Down 7 3/4 CLOSE 7.48 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 7.73 304.32 -0.50 6.98 274.79 CK High 0.25 7.73 304.32 -0.50 6.98 274.79 CK Avg 0.25 0.34 7.73 304.32 -0.50 -0.43 6.98 274.79 Essex Cty 0.25 7.73 304.32 -0.50 6.98 274.79 Mdsx Low 0.25 7.73 304.32 -0.50 6.98 274.79 Mdsx High 0.25 7.73 304.32 -0.50 6.98 274.79 Mdsx Avg 0.25 0.34 7.73 304.32 -0.50 -0.43 6.98 274.79 Hensall 0.25 7.73 304.32 -0.50 6.98 274.79 Bruce 0.25 7.73 304.32 -0.50 6.98 274.79 Putnam 0.25 7.73 304.32 -0.50 6.98 274.79 Princeton 0.25 7.73 304.32 -0.50 6.98 274.79 Durham 0.25 7.73 304.32 -0.55 6.93 272.82 Norfolk 0.25 7.73 304.32 -0.50 6.98 274.79 Palmerston 0.25 7.73 304.32 -0.50 6.98 274.79 Varna 0.25 7.73 304.32 -0.50 6.98 274.79 Trenton 0.10 7.58 298.41 -0.50 6.98 274.79 Winchester 0.40 7.88 310.22 -0.30 7.18 282.66 North Gower 0.50 7.98 314.16 -0.70 6.78 266.92 Huron FOB 0.20 7.68 302.35 -0.50 6.98 274.79 Kent FOB 0.25 7.73 304.32 -0.50 6.98 274.79 Lamb FOB 0.25 7.73 304.32 -0.50 6.98 274.79 Mdsx FOB 0.25N/A N/A -0.55 7.73 304.32 -0.50 6.98 274.79 FOB SW Que N/A -0.60 6.88 270.85 Track 0.60 8.08 318.10N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.55 0.75 -0.45 -0.60 8.03 316.13 -0.45 7.03 276.76 Aylmer-Eth 0.00 0.05 -0.40 -0.40 7.48 294.47 -0.40 7.08 278.73 Sarn-Eth N/A N/A N/A -0.30 -0.30 7.18 282.66 Cllngwd-Eth 0.45N/A N/A N/A 7.93 312.19-0.25* 7.23 284.63 London-Cas N/A N/A N/A -0.50 -0.50 6.98 274.79 Pt.Colb-Cas N/A N/A N/A -0.65 -0.45 7.03 276.76 Cardnl-Cas N/A N/A N/A -0.70 -0.45 7.03 276.76 W O Feed 0.69 0.70 8.17 321.64 US Rep 0.65 0.66 8.13 320.06 Toledo El. 0.02 7.50 295.25 -0.24 7.24 285.11 TRANSFER Sarnia 0.25 7.73 304.32 -0.50 6.98274 4/5 Pt. Stanley N/A -0.50 6.98274 4/5 Hamilton N/A -0.50 6.98274 4/5 MID SD CRN -0.50 6.98 HI SD CRN -0.50 6.98 *Wet Bid Bank of Canada Noon exchange rate was 0.9883 down 0.0027 Chicago soybeans closed slightly lower. NOV11 HI 14.34 3/4 NOV11 HI 14.34 3/4 LOW 14.12 1/2 LOW 14.12 1/2 CLOSE14.20 3/4 Down 1 3/4 CLOSE 14.20 3/4 Down 1 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -0.65 13.56 498.15-1.25 12.96 476.11 CK High -0.52 13.69 502.93-1.12 13.09 480.88 CK Average -0.58 -0.4113.63 500.91-1.18-1.0513.03 478.74 Essex Cty -0.65 13.56 498.15-1.15 13.06 479.78 Mdsx Low -0.57 13.64 501.09-1.24 12.97 476.47 Mdsx High -0.47 13.74 504.77-1.15 13.06 479.78 Mdsx Average -0.53 -0.3613.68 502.56-1.19-1.0613.02 478.31 Hensall -0.58 13.63 500.91-1.20 13.01 477.94 Bruce -0.55 13.66 501.83-1.15 13.06 479.78 Putnam -0.55 13.66 501.83-1.15 13.06 479.78 Princeton -0.55 13.66 501.83-1.06 13.15 483.09 Durham -0.43 13.78 506.24-1.24 12.97 476.47 Norfolk -0.52 13.69 502.93-1.09 13.12 481.99 Palmerston N/A -1.30 12.91 474.27 Varna -0.70 13.51 496.32-1.35 12.86 472.43 Trenton N/A -1.20 13.01 477.94 Winchester -0.75 13.46 494.48-1.05 13.16 483.46 North Gower -0.55 13.66 501.83-0.80 13.41 492.64 Huron FOB -0.35 13.86 509.18-1.05 13.16 483.46 Kent FOB -0.55 13.66 501.83-1.14 13.07 480.15 Lambton FOB -0.55 13.66 501.83-1.14 13.07 480.15 Middlesex FOB-0.27 N/A N/A N/A 13.94 512.12-1.02 13.19 484.56 PROCESSORS Hamilton 0.05 N/A N/A -0.66 14.26 523.87-0.61 13.60 499.62 Windsor -0.27 N/A N/A -0.56 13.94 512.12-0.86 13.35 490.44 Winchester -0.65 13.56 498.15-0.95 13.26 487.13 TRANSFER Hamilton -0.10 N/A N/A N/A 14.11 518.36-0.70 13.51 496.32 Pt. Stanley -0.15 14.06 516.52-1.18 13.03 478.68 Sarnia -0.57 13.64 501.09-0.71 13.50 495.95 Owen Sound N/A N/A Sorel QC -0.55 13.66 501.83-0.55 13.66 501.83 Toledo El. -0.42 13.79 506.79-0.42 13.79 506.74 Bank of Canada Noon exchange rate was 0.9883 down 0.0027 Chicago wheat closed slightly lower. DEC11 HI 7.74 JUL12 HI 8.23 LOW 7.46 LOW 8.04 1/4 CLOSE 7.51 1/2 Down 8 1/2 CLOSE 8.10 3/4 Down 1/2 Minni wheat closed slightly lower. DEC11 HI 9.47 1/4 SEP12 HI 9.11 1/4 LOW 9.22 1/4 LOW 8.95 3/4 CLOSE 9.26 1/2 Down 5 1/4 CLOSE 8.97 1/4 Down 1 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.63 0.26 -0.63 -0.21 CAD $/bu 6.88 7.77 6.88 9.06 CAD $/tonne 252.89 285.56 252.89 332.76 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 -0.21 -0.95 N/A N/A -0.50 -1.20 N/A London -0.83 -0.24 -0.98 N/A N/A -0.44 -1.28 N/A Hensall -0.85 N/A -0.95 N/A -0.50 N/A -1.20 N/A Trenton N/A N/A -0.90 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 -1.04 N/A N/A N/A -1.35 N/A Norwich -0.75 N/A -0.95 N/A -0.50 N/A -1.20 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 -0.95 N/A -0.50 N/A -1.20 N/A Chatham N/A -0.21 -0.92 N/A N/A -0.48 -1.27 N/A Brigden N/A -0.21 -0.92 N/A N/A -0.48 -1.27 N/A Palmerston N/A 0.01 -0.82 -0.31 N/A -0.20 -1.09 -0.40 Varna -0.90 -0.20 -1.00 N/A -0.50 -0.30 -1.30 N/A Mitchell -0.85 -0.25 -0.95 N/A -0.50 -0.35 -1.20 N/A Thornton N/A N/A N/A -0.81 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 -0.61 0.13 -0.66 N/A -0.40 -0.20 -1.04 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 0.40 -0.48N/A 0.03N/A -0.27N/A Toledo El. 7.19US 7.10CA 7.83US 7.76CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.47 0.13 -0.86 -0.48 CAD $/bu 7.64 8.23 7.24 8.50 CAD $/tonne 280.70 302.56 266.14 312.21 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 300.00 Bayport Oats 320.00 Bayport Barley 275.00 FOB Hm Soymeal 423.18 - 426.49 DDG's FOB Srn, Wndr, Aylm 220.00 - 235.00