FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, September 15 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9869 down 0.0044 Chicago corn closed sharply lower. DEC11 HI 7.25 DEC11 HI 7.25 LOW 7.00 1/4 LOW 7.00 1/4 CLOSE7.01 Down 23 1/4 CLOSE 7.01 Down 23 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +DEC11+DEC11+MAR12 CK Low 0.15 7.16 281.88 -0.55 6.46 254.32 CK High 0.20 7.21 283.85 -0.55 6.46 254.32 CK Avg 0.18 0.28 7.19 283.19 -0.55 -0.46 6.46 254.32 Essex Cty 0.20 7.21 283.85 -0.55 6.46 254.32 Mdsx Low 0.15 7.16 281.88 -0.55 6.46 254.32 Mdsx High 0.20 7.21 283.85 -0.55 6.46 254.32 Mdsx Avg 0.18 0.28 7.19 283.19 -0.55 -0.46 6.46 254.32 Hensall 0.18 7.19 282.86 -0.55 6.46 254.32 Bruce 0.20 7.21 283.85 -0.50 6.51 256.29 Putnam 0.20 7.21 283.85 -0.50 6.51 256.29 Princeton 0.20 7.21 283.85 -0.55 6.46 254.32 Durham 0.15 7.16 281.88 -0.60 6.41 252.35 Norfolk 0.20 7.21 283.85 -0.55 6.46 254.32 Palmerston N/A -0.50 6.51 256.29 Varna 0.10 7.11 279.91 -0.55 6.46 254.32 Trenton 0.10 7.11 279.91 -0.55 6.46 254.32 Winchester 0.25 7.26 285.81 -0.50 6.51 256.29 North Gower 0.30 7.31 287.78 -0.50 6.51 256.29 Huron FOB 0.15 7.16 281.88 -0.55 6.46 254.32 Kent FOB 0.20 7.21 283.85 -0.55 6.46 254.32 Lamb FOB 0.20 7.21 283.85 -0.55 6.46 254.32 Mdsx FOB 0.15N/A N/A -0.55 7.16 281.88 -0.55 6.46 254.32 FOB SW Que 0.70 7.71 303.53 -0.50 6.51 256.29 Track 0.58 7.59 298.61N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.55 0.75 -0.45 -0.60 7.56 297.62 -0.45 6.56 258.26 Aylmer-Eth 0.00 0.05 -0.40 -0.40 7.01 275.97 -0.40 6.61 260.22 Sarn-Eth N/A N/A N/A -0.30 -0.30 6.71 264.16 Cllngwd-Eth N/A N/A N/A N/A -0.20* 6.81 268.10 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 0.61 0.62 7.62 299.99 US Rep 0.75 0.76 7.76 305.50 Toledo El. 0.07 7.08 278.69 -0.24 6.77 266.64 TRANSFER Sarnia 0.20 7.21 283.85 -0.55 6.46254 1/3 Pt. Stanley N/A -0.60 6.41252 1/3 Hamilton N/A -0.55 6.46254 1/3 MID SD CRN -0.55 6.46 HI SD CRN -0.55 6.46 *Wet Bid Bank of Canada Noon exchange rate was 0.9869 down 0.0044 Chicago soybeans closed lower. NOV11 HI 13.87 NOV11 HI 13.87 LOW 13.56 1/2 LOW 13.56 1/2 CLOSE13.58 3/4 Down 24 CLOSE 13.58 3/4 Down 24 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -1.20 12.39 455.16-1.20 12.39 455.16 CK High -0.95 12.64 464.35-1.15 12.44 457.00 CK Average -1.14 -0.9412.45 457.55-1.19-1.0212.40 455.71 Essex Cty -1.06 12.53 460.31-1.06 12.53 460.31 Mdsx Low -1.25 12.34 453.33-1.25 12.34 453.33 Mdsx High -1.10 12.49 458.84-1.10 12.49 458.84 Mdsx Average -1.18 -0.9912.40 455.78-1.18-1.0212.40 455.78 Hensall -1.20 12.39 455.16-1.20 12.39 455.16 Bruce -1.20 12.39 455.16-1.20 12.39 455.16 Putnam -1.10 12.49 458.84-1.10 12.49 458.84 Princeton -1.05 12.54 460.67-1.05 12.54 460.67 Durham -1.25 12.34 453.33-1.25 12.34 453.33 Norfolk -1.14 12.45 457.37-1.14 12.45 457.37 Palmerston N/A -1.15 12.44 457.00 Varna -1.20 12.39 455.16-1.20 12.39 455.16 Trenton N/A -1.20 12.39 455.16 Winchester -1.10 12.49 458.84-1.10 12.49 458.84 North Gower N/A -0.95 12.64 464.35 Huron FOB -1.10 12.49 458.84-1.10 12.49 458.84 Kent FOB -1.19 12.40 455.53-1.19 12.40 455.53 Lambton FOB -1.19 12.40 455.53-1.19 12.40 455.53 Middlesex FOB-1.00 N/A N/A N/A 12.59 462.51-1.00 12.59 462.51 PROCESSORS Hamilton -0.65-0.65-0.65-0.50 12.94 475.37-0.65 12.94 475.37 Windsor -0.34-0.88-0.71-0.58 13.25 486.76-0.88 12.71 466.92 Winchester -1.00 12.59 462.51-1.00 12.59 462.51 TRANSFER Hamilton N/A N/A N/A N/A -0.75 12.84 471.70 Pt. Stanley N/A -1.15 12.44 457.00 Sarnia -0.72 12.87 472.80-0.72 12.87 472.80 Owen Sound N/A N/A Sorel QC -0.55 13.04 479.05-0.55 13.04 479.05 Toledo El. -0.52 13.06 480.05-0.52 13.06 480.02 Bank of Canada Noon exchange rate was 0.9869 down 0.0044 Chicago wheat closed slightly lower. DEC11 HI 7.05 3/4 JUL12 HI 7.62 LOW 6.86 LOW 7.47 1/4 CLOSE 6.96 Down 8 1/2 CLOSE 7.58 1/2 Down 3 1/4 Minni wheat closed slightly higher. DEC11 HI 8.71 3/4 SEP12 HI 8.47 1/4 LOW 8.52 3/4 LOW 8.36 CLOSE 8.71 Up 6 1/4 CLOSE 8.47 1/4 Up 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.64 0.25 -0.64 -0.22 CAD $/bu 6.32 7.21 6.32 8.49 CAD $/tonne 232.23 264.84 232.23 311.93 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 -1.25 N/A London -0.89 -0.25 -0.99 N/A -1.10 -0.46 -1.30 N/A Hensall -0.85 N/A -0.95 N/A -0.50 N/A -1.25 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 -0.94 N/A N/A N/A -1.20 N/A Norwich -0.75 N/A -0.95 N/A -0.50 N/A -1.25 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 -1.25 N/A Chatham N/A -0.20 -0.94 N/A N/A -0.47 -1.29 N/A Brigden N/A -0.20 -0.94 N/A N/A -0.47 -1.29 N/A Palmerston N/A 0.02 -0.81 -0.30 N/A -0.19 -1.08 -0.40 Varna -0.90 -0.20 -0.95 N/A -0.50 -0.30 -1.20 N/A Mitchell -0.85 -0.10 -0.80 N/A -0.50 -0.20 -1.10 N/A Thornton N/A N/A N/A -0.83 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 -0.53 0.12 -0.63 N/A -0.36 -0.06 -0.95 N/A Hamilton N/A N/A -0.55 N/A N/A N/A -0.73 N/A Pt. Stanley N/A N/A -1.00 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A 0.40 -0.34N/A 0.01N/A -0.29N/A Toledo El. 6.63US 6.54CA 7.31US 7.21CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.49 0.10 -0.88 -0.50 CAD $/bu 7.10 7.69 6.70 7.97 CAD $/tonne 260.74 282.52 246.23 292.95 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 305.00 - 315.00 Bayport Oats 320.00 Bayport Barley 280.00 FOB Hm Soymeal 404.11 DDG's FOB Srn, Wndr, Aylm 220.00 - 255.00