FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, September 20 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9924 up 0.0026 Chicago corn closed slightly lower. DEC11 HI 7.04 1/2 DEC11 HI 7.04 1/2 LOW 6.90 1/4 LOW 6.90 1/4 CLOSE6.90 1/4 Down 2 CLOSE 6.90 1/4 Down 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 0.00 6.90 271.74 -0.55 6.35 250.09 CK High 0.10 7.00 275.68 -0.55 6.35 250.09 CK Avg 0.04 0.08 6.94 273.38 -0.55 -0.53 6.35 250.09 Essex Cty 0.05 6.95 273.71 -0.55 6.35 250.09 Mdsx Low 0.00 6.90 271.74 -0.55 6.35 250.09 Mdsx High 0.10 7.00 275.68 -0.55 6.35 250.09 Mdsx Avg 0.05 0.09 6.95 273.71 -0.55 -0.53 6.35 250.09 Hensall 0.13 7.03 276.66 -0.55 6.35 250.09 Bruce 0.10 7.00 275.68 -0.55 6.35 250.09 Putnam 0.10 7.00 275.68 -0.55 6.35 250.09 Princeton 0.05 6.95 273.71 -0.55 6.35 250.09 Durham 0.00 6.90 271.74 -0.60 6.30 248.12 Norfolk 0.00 6.90 271.74 -0.55 6.35 250.09 Palmerston N/A -0.55 6.35 250.09 Varna 0.10 7.00 275.68 -0.55 6.35 250.09 Trenton 0.10 7.00 275.68 -0.55 6.35 250.09 Winchester N/A -0.50 6.40 252.06 North Gower 0.60 7.50 295.36 -0.55 6.35 250.09 Huron FOB 0.10 7.00 275.68 -0.55 6.35 250.09 Kent FOB 0.00 6.90 271.74 -0.55 6.35 250.09 Lamb FOB 0.00 6.90 271.74 -0.55 6.35 250.09 Mdsx FOB 0.00 -0.55 -0.55 -0.60 6.90 271.74 -0.55 6.35 250.09 FOB SW Que 0.70 7.60 299.30 -0.45 6.45 254.02 Track 0.48 7.38 290.44N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.55 0.75 -0.45 -0.60 7.45 293.39 -0.45 6.45 254.02 Aylmer-Eth 0.00 0.05 -0.40 -0.40 6.90 271.74 -0.40 6.50 255.99 Sarn-Eth N/A -0.30 -0.30 -0.30 -0.30 6.60 259.93 Cllngwd-Eth N/A N/A N/A N/A -0.20* 6.70 263.87 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 6.45 254.02 W O Feed 0.61 0.62 7.51 295.75 US Rep 0.75 0.76 7.65 301.27 Toledo El. 0.07 6.97 274.48 -0.24 6.66 262.32 TRANSFER Sarnia 0.05 6.95 273.71 -0.55 6.35250 Pt. Stanley N/A -0.50 6.40252 Hamilton N/A -0.50 6.40252 MID SD CRN -0.55 6.35 1/4 HI SD CRN -0.55 6.35 1/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9924 up 0.0026 Chicago soybeans closed slightly higher. NOV11 HI 13.50 1/4 NOV12 HI 13.34 1/2 LOW 13.35 1/4 LOW 13.22 CLOSE13.38 Up 2 CLOSE 13.24 3/4 Up 2 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -1.22 12.16 446.80-1.27 11.98 440.10 CK High -1.12 12.26 450.48-1.17 12.08 443.77 CK Average -1.18 -1.1012.20 448.40-1.20-1.1612.04 442.55 Essex Cty -1.08 12.30 451.95-1.18 12.07 443.40 Mdsx Low -1.25 12.13 445.70-1.37 11.88 436.42 Mdsx High -1.16 12.22 449.01-1.18 12.07 443.40 Mdsx Average -1.20 -1.1312.18 447.42-1.25-1.2012.00 440.83 Hensall -1.18 12.21 448.46-1.18 12.07 443.59 Bruce -1.20 12.18 447.54-1.20 12.05 442.67 Putnam -1.20 12.18 447.54 N/A Princeton -1.10 12.28 451.21-1.22 12.03 441.93 Durham -1.26 12.12 445.33-1.38 11.87 436.06 Norfolk -1.11 12.27 450.85-1.21 12.04 442.30 Palmerston -1.20 12.18 447.54-1.20 12.05 442.67 Varna -1.25 12.13 445.70-1.25 12.00 440.83 Trenton -1.40 11.98 440.19-1.40 11.85 435.32 Winchester -1.20 12.18 447.54-1.20 12.05 442.67 North Gower -0.95 12.43 456.72-1.00 12.25 450.02 Huron FOB -1.00 12.38 454.89-1.05 12.20 448.18 Kent FOB -1.16 12.22 449.01-1.27 11.98 440.10 Lambton FOB -1.16 12.22 449.01-1.27 11.98 440.10 Middlesex FOB-1.04-1.04-1.04-0.77 12.34 453.42-1.21 12.04 442.30 PROCESSORS Hamilton -0.65-0.65-0.65-0.50 12.73 467.75-0.65 12.60 462.88 Windsor -0.36-0.80-0.80-0.50 13.02 478.40-0.80 12.45 457.37 Winchester -1.10 12.28 451.21 N/A TRANSFER Hamilton -0.70 N/A N/A N/A 12.68 465.91 N/A Pt. Stanley -1.20 12.18 447.54 N/A Sarnia -0.73 12.65 464.81-0.77 12.48 458.47 Owen Sound N/A N/A Sorel QC -0.55 12.83 471.42-0.55 12.70 466.55 Toledo El. -0.56 12.82 471.17-0.58 12.67 465.53 Bank of Canada Noon exchange rate was 0.9924 up 0.0026 Chicago wheat closed slightly higher. DEC11 HI 6.87 3/4 JUL12 HI 7.51 3/4 LOW 6.71 LOW 7.38 1/4 CLOSE 6.74 3/4 Up 1 3/4 CLOSE 7.40 Up 3/4 Minni wheat closed narrowly mixed. DEC11 HI 8.56 1/4 SEP12 HI 8.29 1/4 LOW 8.40 3/4 LOW 8.22 CLOSE 8.42 1/2 Up 3/4 CLOSE 8.22 Down 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.58 0.31 -0.58 -0.15 CAD $/bu 6.16 7.06 6.16 8.28 CAD $/tonne 226.47 259.36 226.47 304.22 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 -0.85 -0.21 -0.95 N/A N/A -0.41 -1.25 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 -1.25 N/A Winchester N/A N/A N/A -1.00 N/A N/A N/A N/A Essex N/A N/A -0.95 N/A N/A N/A -1.23 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 -0.17 -0.90 N/A N/A -0.44 -1.25 N/A Brigden N/A -0.17 -0.90 N/A N/A -0.44 -1.25 N/A Palmerston N/A -0.01 -0.84 -0.33 N/A -0.22 -1.10 -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 -0.62 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 -0.43 0.17 -0.52 N/A -0.30 0.05 -0.90 N/A Hamilton N/A N/A -0.50 N/A N/A N/A -0.70 N/A Pt. Stanley N/A N/A -0.95 N/A N/A N/A -1.20 N/A PROCESSORS Toledo FM N/A 0.46 -0.04N/A 0.07N/A -0.23N/A Toledo El. 6.42US 6.38CA 7.12US 7.09CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.43 0.17 -0.82 -0.43 CAD $/bu 6.97 7.57 6.58 7.79 CAD $/tonne 256.28 278.25 241.64 286.31 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 300.00 - 315.00 Bayport Oats 310.00 Bayport Barley 280.00 FOB Hm Soymeal 394.41 - 397.72 DDG's FOB Srn, Wndr, Aylm 220.00 - 255.00