FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, September 8 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9859 down 0.0024 Chicago corn closed lower. DEC11 HI 7.51 1/2 DEC11 HI 7.51 1/2 LOW 7.31 1/4 LOW 7.31 1/4 CLOSE7.34 Down 14 CLOSE 7.34 Down 14 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +DEC11+DEC11+MAR12 CK Low 0.20 7.54 296.84 -0.55 6.79 267.31 CK High 0.25 7.59 298.81 -0.50 6.84 269.28 CK Avg 0.24 0.30 7.58 298.48 -0.51 -0.46 6.83 268.95 Essex Cty 0.20 7.54 296.84 -0.55 6.79 267.31 Mdsx Low 0.20 7.54 296.84 -0.55 6.79 267.31 Mdsx High 0.25 7.59 298.81 -0.50 6.84 269.28 Mdsx Avg 0.23 0.29 7.57 298.15 -0.52 -0.47 6.82 268.62 Hensall 0.25 7.59 298.81 -0.50 6.84 269.28 Bruce 0.25 7.59 298.81 -0.50 6.84 269.28 Putnam 0.25 7.59 298.81 -0.50 6.84 269.28 Princeton 0.20 7.54 296.84 -0.55 6.79 267.31 Durham 0.25 7.59 298.81 -0.55 6.79 267.31 Norfolk 0.25 7.59 298.81 -0.50 6.84 269.28 Palmerston 0.25 7.59 298.81 -0.50 6.84 269.28 Varna 0.25 7.59 298.81 -0.50 6.84 269.28 Trenton 0.10 7.44 292.90 -0.50 6.84 269.28 Winchester 0.40 7.74 304.71 -0.30 7.04 277.15 North Gower 0.50 7.84 308.65 -0.70 6.64 261.41 Huron FOB 0.20 7.54 296.84 -0.50 6.84 269.28 Kent FOB 0.25 7.59 298.81 -0.50 6.84 269.28 Lamb FOB 0.25 7.59 298.81 -0.50 6.84 269.28 Mdsx FOB 0.25N/A N/A -0.55 7.59 298.81 -0.50 6.84 269.28 FOB SW Que N/A -0.60 6.74 265.34 Track 0.60 7.94 312.58N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.55 -0.45 -0.45 -0.60 7.89 310.62N/A Aylmer-Eth 0.00 -0.40 -0.40 -0.40 7.34 288.96 -0.40 6.94 273.22 Sarn-Eth N/A N/A N/A -0.30 -0.30 7.04 277.15 Cllngwd-Eth 0.45N/A N/A N/A 7.79 306.68-0.25* 7.09 279.12 London-Cas N/A N/A N/A -0.50 N/A Pt.Colb-Cas N/A N/A N/A -0.45 N/A Cardnl-Cas N/A -0.45N/A -0.70 N/A W O Feed 0.69 0.70 8.03 316.13 US Rep 0.65 0.66 7.99 314.55 Toledo El. 0.02 7.36 289.74 -0.24 7.10 279.58 TRANSFER Sarnia 0.20 7.54 296.84 -0.55 6.79267 1/3 Pt. Stanley 0.26 7.60 299.20 -0.50 6.84269 2/7 Hamilton N/A -0.50 6.84269 2/7 MID SD CRN -0.52 1/2 6.81 1/2 HI SD CRN -0.50 6.84 *Wet Bid Bank of Canada Noon exchange rate was 0.9859 down 0.0024 Chicago soybeans closed slightly lower. NOV11 HI 14.25 1/2 NOV11 HI 14.25 1/2 LOW 14.1 LOW 14.10 CLOSE14.18 1/4 Down 2 1/2 CLOSE 14.18 1/4 Down 2 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -0.65 13.53 497.23-1.20 12.98 477.03 CK High -0.55 13.63 500.91-1.15 13.03 478.86 CK Average -0.59 -0.4713.59 499.38-1.18-1.0813.00 477.64 Essex Cty -0.65 13.53 497.23-1.15 13.03 478.86 Mdsx Low -0.57 13.61 500.17-1.29 12.89 473.72 Mdsx High -0.53 13.65 501.64-1.18 13.00 477.76 Mdsx Average -0.55 -0.4313.63 500.91-1.22-1.1212.96 476.17 Hensall -0.58 13.61 499.99-1.23 12.96 476.11 Bruce -0.55 13.63 500.91-1.20 12.98 477.03 Putnam -0.55 13.63 500.91-1.15 13.03 478.86 Princeton -0.55 13.63 500.91-1.06 13.12 482.17 Durham -0.49 13.69 503.11-1.29 12.89 473.72 Norfolk -0.57 13.61 500.17-1.14 13.04 479.23 Palmerston N/A -1.15 13.03 478.86 Varna -0.70 13.48 495.40-1.35 12.83 471.51 Trenton N/A -1.35 12.83 471.51 Winchester -0.92 13.26 487.31-1.22 12.96 476.29 North Gower -0.55 13.63 500.91-0.80 13.38 491.72 Huron FOB -0.35 13.83 508.26-1.05 13.13 482.54 Kent FOB -0.60 13.58 499.07-1.19 12.99 477.39 Lambton FOB -0.60 13.58 499.07-1.19 12.99 477.39 Middlesex FOB-0.38 N/A N/A N/A 13.80 507.16-1.07 13.11 481.80 PROCESSORS Hamilton 0.05 N/A N/A -0.66 14.23 522.95-0.61 13.57 498.70 Windsor -0.29 N/A N/A N/A 13.89 510.46-0.84 13.34 490.25 Winchester -0.65 13.53 497.23-0.95 13.23 486.21 TRANSFER Hamilton 0.10 N/A N/A N/A 14.28 524.79-0.70 13.48 495.40 Pt. Stanley -1.15 13.03 478.86-1.15 13.03 478.86 Sarnia -0.57 13.61 500.17-0.71 13.47 495.03 Owen Sound N/A N/A Sorel QC -0.55 13.63 500.91-0.55 13.63 500.91 Toledo El. -0.42 13.77 505.81-0.42 13.77 505.79 Bank of Canada Noon exchange rate was 0.9859 down 0.0024 Chicago wheat closed moderately lower. DEC11 HI 7.55 JUL12 HI 8.13 1/4 LOW 7.33 1/2 LOW 7.94 3/4 CLOSE 7.38 Down 13 1/2 CLOSE 7.99 3/4 Down 11 Minni wheat closed moderately lower. DEC11 HI 9.27 3/4 SEP12 HI 8.96 LOW 9.05 1/2 LOW 8.83 1/2 CLOSE 9.08 1/4 Down 18 1/4 CLOSE 8.85 Down 12 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.61 0.29 -0.61 -0.17 CAD $/bu 6.77 7.67 6.77 8.91 CAD $/tonne 248.87 281.66 248.87 327.30 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 -0.86 -0.27 -1.01 N/A N/A -0.48 -1.31 N/A Hensall -0.85 N/A -0.95 N/A -0.50 N/A -1.20 N/A Trenton N/A N/A -1.25 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 -0.92 N/A N/A N/A -1.24 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 -0.24 -0.95 N/A N/A -0.51 -1.30 N/A Brigden N/A -0.24 -0.95 N/A N/A -0.51 -1.30 N/A Palmerston N/A 0.01 -0.84 -0.33 N/A -0.21 -1.10 -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 -0.79 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 -0.75 N/A Pt. Stanley N/A N/A -1.00 N/A N/A N/A -1.20 N/A PROCESSORS Toledo FM N/A 0.43 -0.46N/A 0.04N/A -0.25N/A Toledo El. 7.05US 6.99CA 7.72US 7.66CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.45 0.14 -0.85 -0.46 CAD $/bu 7.54 8.14 7.15 8.39 CAD $/tonne 277.22 299.11 262.62 308.33 (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 423.52 - 424.62 DDG's FOB Srn, Wndr, Aylm 220.00 - 235.00