FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, September 22 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0329 up 0.0343 Chicago corn closed sharply lower. DEC11 HI 6.82 DEC11 HI 6.82 LOW 6.47 1/2 LOW 6.47 1/2 CLOSE6.50 Down 35 3/4 CLOSE 6.50 Down 35 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +DEC11+DEC11+MAR12 CK Low 0.00 6.50 255.89 -0.55 5.95 234.24 CK High 0.15 6.65 261.80 -0.40 6.10 240.15 CK Avg 0.08 -0.12 6.58 259.17 -0.44 -0.67 6.06 238.51 Essex Cty 0.05 6.55 257.86 -0.55 5.95 234.24 Mdsx Low 0.00 6.50 255.89 -0.55 5.95 234.24 Mdsx High 0.15 6.65 261.80 -0.40 6.10 240.15 Mdsx Avg 0.07 -0.13 6.57 258.52 -0.47 -0.69 6.03 237.52 Hensall 0.03 6.53 256.88 -0.45 6.05 238.18 Bruce 0.00 6.50 255.89 -0.45 6.05 238.18 Putnam 0.10 6.60 259.83 -0.55 5.95 234.24 Princeton 0.05 6.55 257.86 -0.55 5.95 234.24 Durham 0.15 6.65 261.80 -0.45 6.05 238.18 Norfolk 0.15 6.65 261.80 -0.40 6.10 240.15 Palmerston N/A -0.45 6.05 238.18 Varna 0.05 6.55 257.86 -0.45 6.05 238.18 Trenton 0.15 6.65 261.80 -0.40 6.10 240.15 Winchester 0.15 6.65 261.80 -0.35 6.15 242.11 North Gower 0.80 7.30 287.39 -0.40 6.10 240.15 Huron FOB 0.00 6.50 255.89 -0.45 6.05 238.18 Kent FOB 0.15 6.65 261.80 -0.40 6.10 240.15 Lamb FOB 0.15 6.65 261.80 -0.40 6.10 240.15 Mdsx FOB 0.15 -0.40 -0.40 -0.45 6.65 261.80 -0.40 6.10 240.15 FOB SW Que 0.70 7.20 283.45 -0.45 6.05 238.18 Track 0.43 6.93 272.63N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth 0.55 0.75 -0.45 -0.60 7.05 277.55 -0.45 6.05 238.18 Aylmer-Eth N/A 0.20 -0.25 -0.25 -0.25 6.25 246.05 Sarn-Eth N/A 0.00 0.00 0.00 0.00 6.50 255.89 Cllngwd-Eth N/A N/A N/A N/A -0.20* 6.30 248.02 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 6.05 238.18 W O Feed 0.57 0.54 7.07 278.33 US Rep 0.75 0.72 7.25 285.42 Toledo El. 0.07 6.57 258.73 -0.25 6.25 246.12 TRANSFER Sarnia 0.05 6.55 257.86 -0.55 5.95234 1/4 Pt. Stanley N/A -0.39 6.11240 1/2 Hamilton N/A -0.35 6.15242 1/9 MID SD CRN -0.47 1/2 6.02 1/2 HI SD CRN -0.40 6.10 *Wet Bid Bank of Canada Noon exchange rate was 1.0329 up 0.0343 Chicago soybeans closed lower. NOV11 HI 13.19 1/2 NOV12 HI 13.10 LOW 12.81 LOW 12.77 CLOSE12.83 Down 37 1/2 CLOSE 12.79 1/2 Down 32 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN12 CK Low -0.90 11.93 438.35-0.80 12.00 440.74 CK High -0.67 12.16 446.80-0.65 12.15 446.25 CK Average -0.76 -1.1512.08 443.68-0.76-1.2012.04 442.21 Essex Cty -0.63 12.20 448.27-0.69 12.11 444.78 Mdsx Low -0.83 12.00 440.92-0.96 11.84 434.86 Mdsx High -0.73 12.10 444.60-0.74 12.06 442.95 Mdsx Average -0.79 -1.1812.04 442.52-0.82-1.2611.98 440.13 Hensall -0.80 12.03 442.03-0.78 12.02 441.66 Bruce -0.80 12.03 442.03-0.80 12.00 440.74 Putnam -1.20 11.63 427.33 N/A Princeton -0.61 12.22 449.01-0.71 12.09 444.05 Durham -0.84 11.99 440.56-0.97 11.83 434.49 Norfolk -0.62 12.21 448.64-0.72 12.08 443.68 Palmerston -0.80 12.03 442.03-0.80 12.00 440.74 Varna -0.80 12.03 442.03-0.80 12.00 440.74 Trenton -1.05 11.78 432.84-1.05 11.75 431.55 Winchester -0.87 11.96 439.45-0.87 11.93 438.17 North Gower -0.40 12.43 456.72-0.55 12.25 449.93 Huron FOB -0.65 12.18 447.54-0.70 12.10 444.42 Kent FOB -0.67 12.16 446.80-0.78 12.02 441.48 Lambton FOB -0.67 12.16 446.80-0.78 12.02 441.48 Middlesex FOB-0.58-0.73-0.73-0.27 12.25 450.11-0.73 12.07 443.31 PROCESSORS Hamilton -0.15-0.15-0.150.00 12.68 465.91-0.15 12.65 464.62 Windsor 0.06 -0.31-0.31-0.04 12.89 473.63-0.35 12.45 457.28 Winchester -1.13 11.70 429.90 N/A TRANSFER Hamilton -0.25 N/A N/A N/A 12.58 462.24-0.15 12.65 464.62 Pt. Stanley -0.70 12.13 445.70-0.60 12.20 448.09 Sarnia -0.29 12.54 460.77-0.30 12.50 459.11 Owen Sound N/A N/A Sorel QC -0.50 12.33 453.05-0.25 12.55 460.95 Toledo El. -0.58 12.25 450.21-0.60 12.19 448.08 Bank of Canada Noon exchange rate was 1.0329 up 0.0343 Chicago wheat closed lower. DEC11 HI 6.64 1/2 JUL12 HI 7.25 LOW 6.32 1/4 LOW 6.91 1/4 CLOSE 6.33 3/4 Down 33 CLOSE 6.92 3/4 Down 35 Minni wheat closed lower. DEC11 HI 8.40 1/2 SEP12 HI 8.12 3/4 LOW 8.19 LOW 7.83 1/2 CLOSE 8.20 Down 20 1/2 CLOSE 7.84 Down 28 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.32 0.56 -0.32 0.15 CAD $/bu 6.02 6.89 6.02 8.35 CAD $/tonne 221.13 253.32 221.13 306.83 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 -0.07 -0.70 N/A N/A -0.20 -1.00 N/A London -0.64 0.03 -0.74 N/A N/A -0.16 -0.78 N/A Hensall -0.85 N/A -0.70 N/A -0.50 N/A -1.00 N/A Trenton N/A N/A -1.10 N/A N/A N/A -1.15 N/A Winchester N/A N/A N/A -1.00 N/A N/A N/A N/A Essex N/A N/A -0.72 N/A N/A N/A -1.04 N/A Norwich -0.75 N/A -0.70 N/A -0.50 N/A -1.00 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 -0.70 N/A -0.50 N/A -1.00 N/A Chatham N/A 0.07 -0.65 N/A N/A -0.20 -1.00 N/A Brigden N/A 0.07 -0.65 N/A N/A -0.20 -1.00 N/A Palmerston N/A 0.23 -0.54 0.09 N/A 0.15 -0.78 -0.40 Varna -0.65 0.15 -0.65 N/A -0.45 0.05 -0.95 N/A Mitchell -0.85 -0.05 -0.70 N/A -0.50 -0.20 -1.00 N/A Thornton N/A N/A N/A -0.60 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 -0.25 N/A N/A N/A -0.45 N/A Pt. Stanley N/A N/A -0.75 N/A N/A N/A -0.90 N/A PROCESSORS Toledo FM N/A 0.71 0.20N/A 0.34N/A 0.03N/A Toledo El. 6.06US 6.24CA 6.65US 6.88CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.17 0.45 -0.59 -0.14 CAD $/bu 6.75 7.38 6.34 7.70 CAD $/tonne 248.18 271.00 232.98 282.88 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 295.00 - 315.00 Bayport Oats 310.00 Bayport Barley 280.00 FOB Hm Soymeal 377.99 - 381.30 DDG's FOB Srn, Wndr, Aylm 220.00 - 255.00