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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, September 2</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.2999 down 0.0108</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div> DEC16 HI 3.29 3/4 DEC16 HI 3.29 3/4</div>
<div> LOW 3.23 1/2 LOW 3.23 1/2</div>
<div> CLOSE3.28 1/2 Up 4 3/4 CLOSE 3.28 1/2 Up 4 3/4</div>
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</div>
<div> OLD CROP BASIS NEW CROP BASIS</div>
<div>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</div>
<div>ELEVATORS +DEC16+DEC16+MAR17</div>
<div>CK Low 1.10 4.39 172.63 0.85 4.14 162.79</div>
<div>CK High 1.15 4.44 174.60 0.85 4.14 162.79</div>
<div>CK Avg 1.12 0.10 4.40 173.29 0.85 -0.12 4.14 162.79</div>
<div>Essex Cty 1.15 4.44 174.60 0.85 4.14 162.79</div>
<div>Mdsx Low 1.10 4.39 172.63 0.85 4.14 162.79</div>
<div>Mdsx High 1.10 4.39 172.63 0.90 4.19 164.76</div>
<div>Mdsx Avg 1.10 0.09 4.39 172.63 0.88 -0.10 4.16 163.77</div>
<div>Hensall 1.10 4.39 172.63 0.90 4.19 164.76</div>
<div>Bruce 1.00 4.29 168.69 0.90 4.19 164.76</div>
<div>Putnam 1.10 4.39 172.63 0.85 4.14 162.79</div>
<div>Burford 1.10 4.39 172.63 0.85 4.14 162.79</div>
<div>Port Perry 1.10 4.39 172.63 0.90 4.19 164.76</div>
<div>Norfolk 1.10 4.39 172.63 0.90 4.19 164.76</div>
<div>Palmerston 1.15 4.44 174.60 0.85 4.14 162.79</div>
<div>Varna 1.10 4.39 172.63 0.90 4.19 164.76</div>
<div>Trenton 1.20 4.49 176.57 0.90 4.19 164.76</div>
<div>Winchester 1.27 4.56 179.32 1.10 4.39 172.63</div>
<div>North Gower 1.17 4.46 175.39 1.09 4.38 172.24</div>
<div>Huron FOB 1.27 4.56 179.32 0.90 4.19 164.76</div>
<div>Kent FOB 1.10 4.39 172.63 0.85 4.14 162.79</div>
<div>Lamb FOB 1.20 4.49 176.57 0.85 4.14 162.79</div>
<div>Mdsx FOB 1.10N/A N/A N/A 4.39 172.63 0.90 4.19 164.76</div>
<div>FOB SW Que 1.70 4.99 196.25N/A</div>
<div>Track 1.51 4.80 188.77N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth N/A N/A N/A N/A N/A</div>
<div>Jhnstwn-Eth N/A N/A N/A N/A N/A</div>
<div>Aylmer-Eth N/A 1.30 1.05 1.15 1.05 4.34 170.66</div>
<div>Sarn-Eth 1.30 1.15N/A 1.15 4.59 180.50 1.15 4.44 174.60</div>
<div>Kawartha N/A N/A N/A N/A N/A</div>
<div>London-Ing 1.36 1.36 1.00 1.17 4.65 182.87 1.00 4.29 168.69</div>
<div>Pt.Colb-Ing N/A 1.45 1.05 1.22 1.05 4.34 170.66</div>
<div>Cardnl-Ing N/A 1.35 1.15 1.36 1.15 4.44 174.60</div>
<div>W O Feed 1.60 4.89 192.31</div>
<div><br>
</div>
<div>US Rep 1.61 4.90 192.71</div>
<div>Toledo El. N/A -0.26 3.02 119.03</div>
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</div>
<div>MID SD CRN 0.85 4.13 1/2</div>
<div>HI SD CRN 0.85 4.13 1/2</div>
<div>*Wet Bid</div>
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</div>
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</div>
<div>Bank of Canada Noon exchange rate was 1.2999 down 0.0108</div>
<div>Chicago soybeans closed slightly higher.</div>
<div><br>
</div>
<div> NOV16 HI 9.55 1/2 NOV16 HI 9.55 1/2</div>
<div> LOW 9.44 1/2 LOW 9.44 1/2</div>
<div> CLOSE9.52 1/2 Up 8 3/4 CLOSE 9.52 1/2 Up 8 3/4</div>
<div><br>
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<div> OLD CROP NEW CROP</div>
<div>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</div>
<div>ELEVATORS +NOV1+NOV1+JAN17</div>
<div>CK Low 2.50 12.03 441.842.40 11.93 438.17</div>
<div>CK High 2.95 12.48 458.382.55 12.08 443.68</div>
<div>CK Average 2.73 -0.0912.26 450.292.51 -0.3212.03 442.15</div>
<div>Essex Cty 2.95 12.48 458.382.55 12.08 443.68</div>
<div>Mdsx Low 2.70 12.23 449.192.38 11.91 437.43</div>
<div>Mdsx High 2.70 12.23 449.192.50 12.03 441.84</div>
<div>Mdsx Average 2.70 -0.1212.23 449.192.44 -0.3711.97 439.64</div>
<div>Hensall 2.73 12.25 450.112.53 12.05 442.76</div>
<div>Bruce 2.70 12.23 449.192.50 12.03 441.84</div>
<div>Putnam N/A 2.55 12.08 443.68</div>
<div>Burford N/A 2.35 11.88 436.33</div>
<div>Port Perry N/A 2.38 11.91 437.43</div>
<div>Norfolk 2.55 12.08 443.682.55 12.08 443.68</div>
<div>Palmerston 2.95 12.48 458.382.55 12.08 443.68</div>
<div>Varna 2.95 12.48 458.382.55 12.08 443.68</div>
<div>Trenton N/A 2.65 12.18 447.35</div>
<div>Winchester N/A 2.45 11.98 440.01</div>
<div>North Gower N/A 2.41 11.94 438.54</div>
<div>Huron FOB 2.85 12.38 454.702.65 12.18 447.35</div>
<div>Kent FOB N/A 2.60 12.13 445.52</div>
<div>Lambton FOB N/A 2.55 12.08 443.68</div>
<div>Middlesex FOB2.77 2.57 2.68 N/A 12.30 451.762.57 12.10 444.42</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.07 2.87 3.00 N/A 12.60 462.792.87 12.40 455.44</div>
<div>Windsor N/A N/A N/A N/A N/A</div>
<div>Winchester N/A N/A</div>
<div><br>
</div>
<div>TRANSFER</div>
<div>Prescott 2.87 12.40 455.443.00 12.53 460.21</div>
<div><br>
</div>
<div>Toledo El. N/A -0.42 9.11 334.61</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.2999 down 0.0108</div>
<div>Chicago wheat closed slightly higher.</div>
<div>DEC16 HI 4.01 1/2 JUL17 HI 4.47 1/4</div>
<div> LOW 3.93 LOW 4.40 3/4</div>
<div> CLOSE 3.99 1/4 Up 4 1/2 CLOSE 4.46 1/4 Up 5</div>
<div><br>
</div>
<div>Minni wheat closed slightly higher.</div>
<div>DEC16 HI 4.92 3/4 SEP17 HI 5.30 1/4</div>
<div> LOW 4.84 LOW 5.29</div>
<div> CLOSE 4.91 1/2 Up 5 1/2 CLOSE 5.30 1/4 Up 5 1/2</div>
<div><br>
</div>
<div>GFO Cash Wheat Prices - DEL Terminal</div>
<div>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</div>
<div>Basis 0.48 0.42 0.54 0.17</div>
<div>CAD $/bu 4.47 4.41 4.54 5.09</div>
<div>CAD $/tonne 164.34 161.95 166.72 186.89</div>
<div><br>
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<div>Direct MarkHarvest 2016 Harvest 2017</div>
<div> DELIVERED BASIS DELIVERED BASIS</div>
<div>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</div>
<div>ELEVATORS</div>
<div>Brgssvll N/A 0.15 0.10 N/A N/A N/A 0.40 N/A</div>
<div>London 0.09 0.09 0.09 N/A 0.42 0.29 0.36 N/A</div>
<div>Hensall 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A</div>
<div>Trenton N/A N/A 0.20 N/A N/A N/A 0.45 N/A</div>
<div>Winchester N/A N/A N/A N/A N/A N/A N/A N/A</div>
<div>Essex N/A N/A 0.15 N/A N/A N/A 0.41 N/A</div>
<div>Norwich 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A</div>
<div>Port Hope N/A 0.10 0.20 N/A N/A 0.35 0.40 N/A</div>
<div>Kent Bridge 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A</div>
<div>Chatham N/A 0.10 0.15 N/A N/A N/A 0.45 N/A</div>
<div>Brigden N/A N/A 0.15 N/A N/A N/A 0.45 N/A</div>
<div>Palmerston N/A 0.30 0.15 0.30 N/A 0.40 0.45 0.50</div>
<div>Varna 0.20 0.10 0.15 N/A 0.50 0.40 0.40 N/A</div>
<div>Mitchell 0.10 0.10 0.10 N/A 0.50 0.35 0.40 N/A</div>
<div>Thornton N/A N/A N/A 0.21 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.34 0.47 0.10 N/A N/A N/A N/A</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A 0.40 0.60 0.40 N/A 0.60 0.60 0.45</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.19 N/A N/A N/A 1.37 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.67US 4.77CA 4.26US 5.57CA</div>
<div><br>
</div>
<div>GFO Contract Wheat Prices - DEL Terminal</div>
<div>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</div>
<div>Basis 0.72 0.65 0.39</div>
<div>CAD $/bu 5.18 5.12 4.85</div>
<div>CAD $/tonne 190.37 187.97 178.36</div>
<div><br>
</div>
<div>(C)-Basis over the Chicago Board of Trade futures</div>
<div>(M)-Basis over the Minneapolis Grain Exchange</div>
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</div>
<div>FEED GRAINS</div>
<div>FOB Hm Soymeal 485.58</div>
<div>DDG's FOB Srn & Aylm 170.00 - 175.00</div>
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