FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, September 9 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9871 up 0.0012 Chicago corn closed slightly higher. DEC11 HI 7.40 1/2 DEC11 HI 7.40 1/2 LOW 7.30 1/4 LOW 7.30 1/4 CLOSE7.36 1/2 Up 2 1/2 CLOSE 7.36 1/2 Up 2 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 0.20 7.57 297.82 -0.55 6.82 268.29 CK High 0.25 7.62 299.79 -0.50 6.87 270.26 CK Avg 0.24 0.25 7.61 299.46 -0.51 -0.51 6.86 269.94 Essex Cty 0.20 7.57 297.82 -0.55 6.82 268.29 Mdsx Low 0.20 7.57 297.82 -0.55 6.82 268.29 Mdsx High 0.25 7.62 299.79 -0.50 6.87 270.26 Mdsx Avg 0.23 0.24 7.60 299.13 -0.52 -0.52 6.85 269.61 Hensall 0.25 7.62 299.79 -0.50 6.87 270.26 Bruce 0.25 7.62 299.79 -0.50 6.87 270.26 Putnam 0.25 7.62 299.79 -0.50 6.87 270.26 Princeton 0.20 7.57 297.82 -0.55 6.82 268.29 Durham 0.25 7.62 299.79 -0.55 6.82 268.29 Norfolk 0.25 7.62 299.79 -0.50 6.87 270.26 Palmerston 0.25 7.62 299.79 -0.50 6.87 270.26 Varna 0.25 7.62 299.79 -0.50 6.87 270.26 Trenton 0.10 7.47 293.88 -0.50 6.87 270.26 Winchester 0.40 7.77 305.69 -0.30 7.07 278.14 North Gower 0.50 7.87 309.63 -0.70 6.67 262.39 Huron FOB 0.20 7.57 297.82 -0.50 6.87 270.26 Kent FOB 0.25 7.62 299.79 -0.50 6.87 270.26 Lamb FOB 0.25 7.62 299.79 -0.50 6.87 270.26 Mdsx FOB 0.25N/A N/A -0.55 7.62 299.79 -0.50 6.87 270.26 FOB SW Que N/A -0.60 6.77 266.33 Track 0.60 7.97 313.57N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.55 0.72 -0.45 -0.60 7.92 311.60 -0.45 6.92 272.23 Aylmer-Eth 0.00 0.05 -0.40 -0.40 7.37 289.95 -0.40 6.97 274.20 Sarn-Eth N/A N/A N/A -0.30 -0.30 7.07 278.14 Cllngwd-Eth 0.45N/A N/A N/A 7.82 307.66-0.25* 7.12 280.11 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 -0.45 6.92 272.23 W O Feed 0.68 0.69 8.05 316.72 US Rep 0.65 0.66 8.02 315.54 Toledo El. 0.07 7.43 292.70 -0.24 7.12 280.50 TRANSFER Sarnia 0.20 7.57 297.82 -0.55 6.82268 2/7 Pt. Stanley 0.26 7.63 300.18 -0.50 6.87270 1/4 Hamilton N/A -0.50 6.87270 1/4 MID SD CRN -0.52 1/2 6.84 HI SD CRN -0.50 6.86 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9871 up 0.0012 Chicago soybeans closed slightly higher. NOV11 HI 14.29 NOV11 HI 14.29 LOW 14.12 3/4 LOW 14.12 3/4 CLOSE14.26 3/4 Up 8 1/2 CLOSE 14.26 3/4 Up 8 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -0.63 13.64 501.09-1.20 13.07 480.15 CK High -0.40 13.87 509.54-1.03 13.24 486.39 CK Average -0.52 -0.5013.75 505.26-1.12-1.1213.15 483.27 Essex Cty -0.65 13.62 500.36-1.15 13.12 481.99 Mdsx Low -0.57 13.70 503.30-1.20 13.07 480.15 Mdsx High -0.35 13.92 511.38-1.09 13.18 484.19 Mdsx Average -0.49 -0.4813.78 506.24-1.16-1.1613.11 481.74 Hensall -0.58 13.69 503.11-1.23 13.04 479.23 Bruce -0.55 13.72 504.03-1.20 13.07 480.15 Putnam -0.55 13.72 504.03-1.20 13.07 480.15 Princeton -0.55 13.72 504.03-1.06 13.21 485.29 Durham -0.31 13.96 512.85-1.09 13.18 484.19 Norfolk -0.44 13.83 508.07-1.01 13.26 487.13 Palmerston N/A -1.15 13.12 481.99 Varna -0.70 13.57 498.52-1.35 12.92 474.64 Trenton N/A -1.25 13.02 478.31 Winchester -0.78 13.49 495.58-1.08 13.19 484.56 North Gower -0.55 13.72 504.03-0.80 13.47 494.85 Huron FOB -0.35 13.92 511.38-1.05 13.22 485.66 Kent FOB -0.47 13.80 506.97-1.00 13.27 487.50 Lambton FOB -0.47 13.80 506.97-1.00 13.27 487.50 Middlesex FOB-0.20 N/A N/A N/A 14.07 516.89-0.91 13.36 490.80 PROCESSORS Hamilton 0.20 -0.47-0.47-0.52 14.47 531.59-0.47 13.80 506.97 Windsor -0.17 N/A N/A N/A 14.10 517.99-0.72 13.55 497.79 Winchester -0.82 13.45 494.11-1.12 13.15 483.09 TRANSFER Hamilton 0.10 N/A N/A N/A 14.37 527.92-0.70 13.57 498.52 Pt. Stanley -1.15 13.12 481.99-1.15 13.12 481.99 Sarnia -0.57 13.70 503.30-0.71 13.56 498.15 Owen Sound N/A N/A Sorel QC -0.55 13.72 504.03-0.55 13.72 504.03 Toledo El. -0.40 13.87 509.56-0.40 13.87 509.54 Bank of Canada Noon exchange rate was 0.9871 up 0.0012 Chicago wheat closed slightly to moderately lower. DEC11 HI 7.42 1/4 JUL12 HI 8.02 3/4 LOW 7.27 LOW 7.88 1/4 CLOSE 7.29 3/4 Down 8 1/4 CLOSE 7.89 1/2 Down 10 1/4 Minni wheat closed slightly to moderately lower. DEC11 HI 9.13 SEP12 HI 8.87 LOW 9.02 1/2 LOW 8.73 CLOSE 9.07 1/4 Down 1 CLOSE 8.73 1/2 Down 11 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.56 0.34 -0.56 -0.11 CAD $/bu 6.74 7.64 6.74 8.96 CAD $/tonne 247.68 280.72 247.68 329.35 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 -0.25 -0.95 N/A N/A -0.50 -1.20 N/A London -0.77 -0.18 -0.92 N/A N/A -0.35 -1.20 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 -0.87 N/A N/A N/A -1.18 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 -0.17 -0.88 N/A N/A -0.44 -1.23 N/A Brigden N/A -0.17 -0.88 N/A N/A -0.44 -1.23 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 -0.75 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 0.49 -0.41N/A 0.10N/A -0.20N/A Toledo El. 6.97US 6.96CA 7.62US 7.62CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.40 0.20 -0.80 -0.40 CAD $/bu 7.50 8.10 7.10 8.34 CAD $/tonne 275.42 297.47 260.72 306.29 (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 426.93 - 428.03 DDG's FOB Srn, Wndr, Aylm 220.00 - 250.00