FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, September 16 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9814 down 0.0055 Chicago corn closed moderately lower. DEC11 HI 7.07 1/4 DEC11 HI 7.07 1/4 LOW 6.91 3/4 LOW 6.91 3/4 CLOSE6.92 Down 9 CLOSE 6.92 Down 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 0.10 7.02 276.37 -0.55 6.37 250.78 CK High 0.20 7.12 280.30 -0.55 6.37 250.78 CK Avg 0.15 0.28 7.07 278.33 -0.55 -0.43 6.37 250.78 Essex Cty 0.20 7.12 280.30 -0.55 6.37 250.78 Mdsx Low 0.10 7.02 276.37 -0.55 6.37 250.78 Mdsx High 0.20 7.12 280.30 -0.55 6.37 250.78 Mdsx Avg 0.17 0.29 7.09 278.99 -0.55 -0.43 6.37 250.78 Hensall 0.18 7.10 279.32 -0.55 6.37 250.78 Bruce 0.20 7.12 280.30 -0.50 6.42 252.74 Putnam 0.20 7.12 280.30 -0.50 6.42 252.74 Princeton 0.20 7.12 280.30 -0.55 6.37 250.78 Durham 0.10 7.02 276.37 -0.60 6.32 248.81 Norfolk 0.10 7.02 276.37 -0.55 6.37 250.78 Palmerston N/A -0.55 6.37 250.78 Varna 0.10 7.02 276.37 -0.55 6.37 250.78 Trenton 0.10 7.02 276.37 -0.55 6.37 250.78 Winchester 0.20 7.12 280.30 -0.50 6.42 252.74 North Gower 0.30 7.22 284.24 -0.50 6.42 252.74 Huron FOB 0.15 7.07 278.33 -0.55 6.37 250.78 Kent FOB 0.10 7.02 276.37 -0.55 6.37 250.78 Lamb FOB 0.10 7.02 276.37 -0.55 6.37 250.78 Mdsx FOB 0.10N/A N/A -0.55 7.02 276.37 -0.55 6.37 250.78 FOB SW Que 0.70 7.62 299.99 -0.50 6.42 252.74 Track 0.58 7.50 295.07N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.55 0.75 -0.45 -0.60 7.47 294.08 -0.45 6.47 254.71 Aylmer-Eth 0.00 0.05 -0.40 -0.40 6.92 272.43 -0.40 6.52 256.68 Sarn-Eth N/A N/A N/A -0.30 -0.30 6.62 260.62 Cllngwd-Eth N/A N/A N/A N/A -0.20* 6.72 264.55 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 6.47 254.71 W O Feed 0.61 0.63 7.53 296.44 US Rep 0.75 0.77 7.67 301.95 Toledo El. 0.07 6.99 275.13 -0.24 6.68 263.14 TRANSFER Sarnia 0.20 7.12 280.30 -0.55 6.37250 7/9 Pt. Stanley N/A -0.60 6.32248 4/5 Hamilton N/A -0.55 6.37250 7/9 MID SD CRN -0.55 6.37 HI SD CRN -0.55 6.37 *Wet Bid Bank of Canada Noon exchange rate was 0.9814 down 0.0055 Chicago soybeans closed slightly lower. NOV11 HI 13.68 3/4 NOV11 HI 13.68 3/4 LOW 13.50 1/4 LOW 13.50 1/4 CLOSE13.55 1/2 Down 3 1/4 CLOSE 13.55 1/2 Down 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -1.25 12.31 452.13-1.25 12.31 452.13 CK High -1.08 12.48 458.38-1.18 12.38 454.70 CK Average -1.18 -0.9312.38 454.70-1.21-0.9812.34 453.48 Essex Cty -1.06 12.50 459.11-1.06 12.50 459.11 Mdsx Low -1.25 12.31 452.13-1.25 12.31 452.13 Mdsx High -1.10 12.46 457.64-1.10 12.46 457.64 Mdsx Average -1.20 -0.9512.36 453.97-1.20-0.9712.36 453.97 Hensall -1.25 12.31 452.13-1.25 12.31 452.13 Bruce -1.25 12.31 452.13-1.25 12.31 452.13 Putnam -1.10 12.46 457.64-1.10 12.46 457.64 Princeton -1.05 12.51 459.48-1.05 12.51 459.48 Durham -1.25 12.31 452.13-1.25 12.31 452.13 Norfolk -1.14 12.42 456.17-1.14 12.42 456.17 Palmerston N/A -1.20 12.36 453.97 Varna N/A -1.25 12.31 452.13 Trenton N/A -1.50 12.06 442.95 Winchester N/A -1.20 12.36 453.97 North Gower N/A -0.95 12.61 463.15 Huron FOB -1.05 12.51 459.48-1.05 12.51 459.48 Kent FOB -1.19 12.37 454.34-1.19 12.37 454.34 Lambton FOB -1.19 12.37 454.34-1.19 12.37 454.34 Middlesex FOB-1.02 N/A N/A N/A 12.54 460.58-1.08 12.48 458.38 PROCESSORS Hamilton -0.80-0.80-0.80-0.65 12.76 468.67-0.80 12.76 468.67 Windsor -0.41-0.95-0.78-0.68 13.15 483.00-0.95 12.61 463.15 Winchester -1.00 12.56 461.32-1.00 12.56 461.32 TRANSFER Hamilton N/A N/A N/A N/A -0.75 12.81 470.50 Pt. Stanley N/A -1.15 12.41 455.81 Sarnia -0.72 12.84 471.61-0.72 12.84 471.61 Owen Sound N/A N/A Sorel QC -0.55 13.01 477.85-0.55 13.01 477.85 Toledo El. -0.55 13.01 477.86-0.55 13.00 477.84 Bank of Canada Noon exchange rate was 0.9814 down 0.0055 Chicago wheat closed slightly lower. DEC11 HI 7.06 JUL12 HI 7.67 1/4 LOW 6.87 LOW 7.52 3/4 CLOSE 6.88 1/4 Down 7 3/4 CLOSE 7.54 3/4 Down 3 3/4 Minni wheat closed slightly to moderately lower. DEC11 HI 8.79 SEP12 HI 8.51 LOW 8.53 1/2 LOW 8.37 1/4 CLOSE 8.56 1/4 Down 14 3/4 CLOSE 8.37 3/4 Down 9 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.67 0.22 -0.67 -0.26 CAD $/bu 6.22 7.10 6.22 8.31 CAD $/tonne 228.41 260.87 228.41 305.24 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 -1.00 N/A N/A -0.50 -1.25 N/A London -0.91 -0.27 -1.01 N/A N/A -0.45 -1.29 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 -0.97 N/A N/A N/A -1.30 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 -0.76 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 0.36 -0.37N/A -0.03N/A -0.33N/A Toledo El. 6.55US 6.43CA 7.27US 7.14CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.52 0.07 -0.92 -0.54 CAD $/bu 7.03 7.61 6.63 7.84 CAD $/tonne 258.13 279.80 243.69 288.11 (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 403.12 DDG's FOB Srn, Wndr, Aylm 220.00 - 255.00