FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, September 21 (All Bases in CAD) Bank of Canada Noon exchange rate was 0.9986 up 0.0062 Chicago corn closed slightly lower. DEC11 HI 6.97 1/2 DEC11 HI 6.97 1/2 LOW 6.85 1/4 LOW 6.85 1/4 CLOSE6.85 3/4 Down 4 1/2 CLOSE 6.85 3/4 Down 4 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 0.00 6.86 269.97 -0.55 6.31 248.32 CK High 0.05 6.91 271.94 -0.55 6.31 248.32 CK Avg 0.03 0.00 6.88 270.95 -0.55 -0.60 6.31 248.32 Essex Cty 0.05 6.91 271.94 -0.55 6.31 248.32 Mdsx Low 0.00 6.86 269.97 -0.55 6.31 248.32 Mdsx High 0.05 6.91 271.94 -0.55 6.31 248.32 Mdsx Avg 0.03 0.01 6.89 271.28 -0.55 -0.60 6.31 248.32 Hensall 0.08 6.93 272.92 -0.55 6.31 248.32 Bruce 0.05 6.91 271.94 -0.55 6.31 248.32 Putnam 0.10 6.96 273.90 -0.55 6.31 248.32 Princeton 0.05 6.91 271.94 -0.55 6.31 248.32 Durham 0.00 6.86 269.97 -0.60 6.26 246.35 Norfolk 0.00 6.86 269.97 -0.55 6.31 248.32 Palmerston N/A -0.55 6.31 248.32 Varna 0.10 6.96 273.90 -0.55 6.31 248.32 Trenton 0.10 6.96 273.90 -0.55 6.31 248.32 Winchester 0.15 7.01 275.87 -0.50 6.36 250.28 North Gower 0.60 7.46 293.59 -0.55 6.31 248.32 Huron FOB 0.05 6.91 271.94 -0.55 6.31 248.32 Kent FOB 0.00 6.86 269.97 -0.55 6.31 248.32 Lamb FOB 0.00 6.86 269.97 -0.55 6.31 248.32 Mdsx FOB 0.00 -0.55 -0.55 -0.60 6.86 269.97 -0.55 6.31 248.32 FOB SW Que 0.70 7.56 297.53 -0.45 6.41 252.25 Track 0.45 7.31 287.68N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.55 0.75 -0.45 -0.60 7.41 291.62 -0.45 6.41 252.25 Aylmer-Eth 0.00 0.05 -0.40 -0.40 6.86 269.97 -0.40 6.46 254.22 Sarn-Eth N/A -0.30 -0.30 -0.30 -0.30 6.56 258.16 Cllngwd-Eth N/A N/A N/A N/A -0.20* 6.66 262.09 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 6.41 252.25 W O Feed 0.56 0.56 7.42 292.01 US Rep 0.65 0.65 7.51 295.56 Toledo El. 0.07 6.93 272.73 -0.24 6.62 260.44 TRANSFER Sarnia 0.05 6.91 271.94 -0.55 6.31248 1/3 Pt. Stanley N/A -0.52 6.34249 1/2 Hamilton N/A -0.45 6.41252 1/4 MID SD CRN -0.55 6.30 3/4 HI SD CRN -0.55 6.30 3/4 *Wet Bid Bank of Canada Noon exchange rate was 0.9986 up 0.0062 Chicago soybeans closed moderately lower. NOV11 HI 13.45 1/4 NOV12 HI 13.35 1/2 LOW 13.2 LOW 13.12 CLOSE13.20 1/2 Down 17 1/2 CLOSE 13.12 Down 12 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -1.15 12.06 442.95-1.20 11.92 437.99 CK High -1.05 12.16 446.62-1.05 12.07 443.50 CK Average -1.10 -1.1512.10 444.72-1.15-1.2511.97 439.88 Essex Cty -0.99 12.22 448.82-1.13 11.99 440.56 Mdsx Low -1.15 12.06 442.95-1.27 11.85 435.41 Mdsx High -1.08 12.13 445.52-1.13 11.99 440.56 Mdsx Average -1.13 -1.1712.08 443.80-1.18-1.2911.94 438.60 Hensall -1.15 12.06 442.95-1.15 11.97 439.82 Bruce -1.20 12.01 441.11-1.20 11.92 437.99 Putnam -1.20 12.01 441.11 N/A Princeton -1.00 12.21 448.46-1.19 11.93 438.35 Durham -1.16 12.05 442.58-1.28 11.84 435.05 Norfolk -1.04 12.17 446.99-1.14 11.98 440.19 Palmerston -1.20 12.01 441.11-1.20 11.92 437.99 Varna -1.15 12.06 442.95-1.15 11.97 439.82 Trenton -1.40 11.81 433.76-1.40 11.72 430.64 Winchester -1.23 11.98 440.01-1.23 11.89 436.88 North Gower -0.95 12.26 450.29-1.00 12.12 445.33 Huron FOB -1.00 12.21 448.46-1.05 12.07 443.50 Kent FOB -1.09 12.12 445.15-1.20 11.92 437.99 Lambton FOB -1.09 12.12 445.15-1.20 11.92 437.99 Middlesex FOB-0.94-0.94-0.94-0.66 12.27 450.66-1.11 12.01 441.29 PROCESSORS Hamilton -0.55-0.55-0.55-0.40 12.66 464.99-0.55 12.57 461.87 Windsor -0.21-0.71-0.71-0.40 13.00 477.48-0.71 12.41 455.99 Winchester -1.10 12.11 444.78 N/A TRANSFER Hamilton -0.60 N/A N/A N/A 12.61 463.15-0.50 12.62 463.71 Pt. Stanley -1.05 12.16 446.62-0.95 12.17 447.17 Sarnia -0.65 12.56 461.32-0.74 12.38 454.89 Owen Sound N/A N/A Sorel QC -0.50 12.71 466.83-0.25 12.87 472.89 Toledo El. -0.56 12.64 464.55-0.58 12.54 460.60 Bank of Canada Noon exchange rate was 0.9986 up 0.0062 Chicago wheat closed slightly to moderately lower. DEC11 HI 6.83 JUL12 HI 7.43 1/2 LOW 6.66 LOW 7.26 3/4 CLOSE 6.66 3/4 Down 8 CLOSE 7.27 3/4 Down 12 1/4 Minni wheat closed slightly lower. DEC11 HI 8.53 1/2 SEP12 HI 8.26 3/4 LOW 8.39 1/4 LOW 8.12 1/2 CLOSE 8.40 1/2 Down 2 CLOSE 8.12 3/4 Down 9 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.48 0.37 -0.48 -0.07 CAD $/bu 6.19 7.04 6.19 8.33 CAD $/tonne 227.39 258.73 227.39 306.20 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 -0.80 -0.15 -0.90 N/A N/A -0.35 -1.20 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 -0.96 N/A N/A N/A -1.28 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 -0.12 -0.84 N/A N/A -0.39 -1.19 N/A Brigden N/A -0.15 -0.84 N/A N/A -0.39 -1.19 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 -0.69 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 -0.45 N/A N/A N/A -0.65 N/A Pt. Stanley N/A N/A -0.90 N/A N/A N/A -1.10 N/A PROCESSORS Toledo FM N/A 0.52 0.02N/A 0.16N/A -0.14N/A Toledo El. 6.34US 6.36CA 7.00US 7.05CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.35 0.26 -0.75 -0.34 CAD $/bu 6.93 7.54 6.53 7.79 CAD $/tonne 254.72 276.94 239.90 286.20 (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 387.91 - 391.22 DDG's FOB Srn, Wndr, Aylm 220.00 - 255.00