FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, September 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9957 up 0.0086 Chicago corn closed moderately higher. DEC11 HI 7.48 1/2 DEC11 HI 7.48 1/2 LOW 7.26 1/4 LOW 7.26 1/4 CLOSE7.45 1/2 Up 9 CLOSE 7.45 1/2 Up 9 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 7.66 301.36 -0.55 6.91 271.84 CK High 0.25 7.71 303.33 -0.50 6.96 273.81 CK Avg 0.24 0.25 7.70 303.00 -0.51 -0.51 6.95 273.48 Essex Cty 0.20 7.66 301.36 -0.55 6.91 271.84 Mdsx Low 0.20 7.66 301.36 -0.55 6.91 271.84 Mdsx High 0.25 7.71 303.33 -0.50 6.96 273.81 Mdsx Avg 0.23 0.24 7.69 302.68 -0.52 -0.52 6.94 273.15 Hensall 0.25 7.71 303.33 -0.50 6.96 273.81 Bruce 0.25 7.71 303.33 -0.50 6.96 273.81 Putnam 0.25 7.71 303.33 -0.50 6.96 273.81 Princeton 0.20 7.66 301.36 -0.55 6.91 271.84 Durham 0.25 7.71 303.33 -0.55 6.91 271.84 Norfolk 0.25 7.71 303.33 -0.50 6.96 273.81 Palmerston 0.25 7.71 303.33 -0.50 6.96 273.81 Varna 0.25 7.71 303.33 -0.50 6.96 273.81 Trenton 0.10 7.56 297.43 -0.50 6.96 273.81 Winchester 0.40 7.86 309.24 -0.30 7.16 281.68 North Gower N/A -0.30 7.16 281.68 Huron FOB 0.20 7.66 301.36 -0.50 6.96 273.81 Kent FOB 0.25 7.71 303.33 -0.50 6.96 273.81 Lamb FOB 0.25 7.71 303.33 -0.50 6.96 273.81 Mdsx FOB 0.25N/A N/A -0.55 7.71 303.33 -0.50 6.96 273.81 FOB SW Que 0.70 8.16 321.05 -0.50 6.96 273.81 Track 0.60 8.06 317.11N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.55 0.75 -0.45 -0.60 8.01 315.14 -0.45 7.01 275.77 Aylmer-Eth 0.00 0.05 -0.40 -0.40 7.46 293.49 -0.40 7.06 277.74 Sarn-Eth N/A N/A N/A -0.30 -0.30 7.16 281.68 Cllngwd-Eth 0.45N/A N/A N/A 7.91 311.21-0.25* 7.21 283.65 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 0.68 0.68 8.14 320.26 US Rep 0.65 0.65 8.11 319.08 Toledo El. 0.07 7.52 296.24 -0.24 7.22 284.04 TRANSFER Sarnia 0.20 7.66 301.36 -0.55 6.91271 5/6 Pt. Stanley 0.26 7.72 303.73 -0.50 6.96273 4/5 Hamilton N/A -0.50 6.96273 4/5 MID SD CRN -0.52 1/2 6.93 HI SD CRN -0.50 6.95 1/2 *Wet Bid Bank of Canada Noon exchange rate was 0.9957 up 0.0086 Chicago soybeans closed lower. NOV11 HI 14.32 1/4 NOV11 HI 14.32 1/4 LOW 13.88 1/2 LOW 13.88 1/2 CLOSE13.96 Down 30 3/4 CLOSE 13.96 Down 30 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -1.05 12.91 474.36-1.15 12.81 470.69 CK High -0.47 13.49 495.67-1.00 12.96 476.20 CK Average -0.64 -0.6213.32 489.36-1.05-1.0512.91 474.42 Essex Cty -0.65 13.31 489.06-1.15 12.81 470.69 Mdsx Low -1.05 12.91 474.36-1.18 12.78 469.58 Mdsx High -0.57 13.39 492.00-1.00 12.96 476.20 Mdsx Average -0.74 -0.7213.22 485.75-1.09-1.0912.87 472.89 Hensall -0.60 13.36 490.90-1.13 12.84 471.61 Bruce -0.60 13.36 490.90-1.00 12.96 476.20 Putnam -0.60 13.36 490.90-1.00 12.96 476.20 Princeton -0.55 13.41 492.73-1.06 12.90 473.99 Durham -1.01 12.95 475.83-1.09 12.87 472.89 Norfolk -0.44 13.52 496.77-1.11 12.85 472.16 Palmerston N/A -1.15 12.81 470.69 Varna -0.70 13.26 487.22-1.35 12.61 463.34 Trenton N/A -1.20 12.76 468.85 Winchester -1.11 12.85 472.16-1.11 12.85 472.16 North Gower N/A -0.90 13.06 479.87 Huron FOB -0.35 13.61 500.08-1.05 12.91 474.36 Kent FOB -0.47 13.49 495.67-1.06 12.90 473.99 Lambton FOB -0.47 13.49 495.67-1.06 12.90 473.99 Middlesex FOB-0.85 N/A N/A N/A 13.11 481.71-0.96 13.00 477.67 PROCESSORS Hamilton -0.55-0.55-0.55-0.40 13.41 492.73-0.55 13.41 492.73 Windsor -0.18 N/A N/A N/A 13.78 506.33-0.73 13.23 486.12 Winchester -0.68 13.28 487.96-0.98 12.98 476.93 TRANSFER Hamilton -0.70 N/A N/A N/A 13.26 487.22-0.70 13.26 487.22 Pt. Stanley -1.15 12.81 470.69-1.15 12.81 470.69 Sarnia -0.57 13.39 492.00-0.71 13.25 486.85 Owen Sound N/A N/A Sorel QC -0.35 13.61 500.08-0.35 13.61 500.08 Toledo El. -0.40 13.56 498.26-0.40 13.56 498.25 Bank of Canada Noon exchange rate was 0.9957 up 0.0086 Chicago wheat closed slightly lower. DEC11 HI 7.35 JUL12 HI 7.93 3/4 LOW 7.10 1/4 LOW 7.69 1/4 CLOSE 7.27 1/4 Down 2 1/2 CLOSE 7.86 1/2 Down 3 Minni wheat closed slightly lower. DEC11 HI 9.11 SEP12 HI 8.75 LOW 8.84 1/4 LOW 8.58 3/4 CLOSE 9.01 1/2 Down 5 3/4 CLOSE 8.71 1/4 Down 2 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.56 0.34 -0.56 -0.11 CAD $/bu 6.71 7.61 6.71 8.90 CAD $/tonne 246.71 279.74 246.71 327.18 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 -0.20 -0.95 N/A N/A -0.45 -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 -0.90 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 -1.19 N/A Norwich -0.75 N/A -0.90 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 -0.90 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 -0.20 -0.80 N/A -0.50 -0.35 -1.20 N/A Thornton N/A N/A N/A -0.72 N/A N/A N/A N/A North Gower N/A N/A N/A -0.35 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 -0.26N/A 0.10N/A -0.20N/A Toledo El. 6.94US 6.93CA 7.59US 7.58CA 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 7.46 8.06 7.06 8.31 CAD $/tonne 274.26 296.31 259.57 305.40 (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 417.01 - 418.11 DDG's FOB Srn, Wndr, Aylm 220.00 - 250.00